Blue Biofuels and Vertimass Forge Partnership to Start Production of Sustainable Aviation Fuel
BLUE BIOFUELS INC (BIOF)
Company Research
Source: GlobeNewswire
PALM BEACH GARDENS, FL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels Inc. and Vertimass, LLC, have created a partnership to employ Vertimass’ proprietary Consolidated Alcohol Deoxygenation and Oligomerization (CADO) technology to produce sustainable aviation fuel (SAF) and renewable propane and butane (rLPG) as co-products from ethanol. This new company, VertiBlue Fuels LLC, is equally owned by Blue Biofuels Inc. and Vertimass. VertiBlue Fuels has the immediate objective to build a facility in Florida, which is anticipated to produce an estimated 10 million gallons of SAF and 2 million gallons of rLPG in its first year. Upon completion, the Partnership will expand SAF production to approximately 70 million gallons and rLPG to 14 million gallons, annually. The facility will initially convert sugarcane ethanol, followed by using ethanol derived from Blue Biofuels’ CTS (Cellulose-to-Sugar) technology. The creation of this partnership is a transi
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