Blue Biofuels Concludes Department of Energy Phase 2 SBIR Grant [Yahoo! Finance]
BLUE BIOFUELS INC (BIOF)
Company Research
Source: Yahoo! Finance
Blue Biofuels is pleased to announce the successful completion of its Phase 2 Small Business Innovation Research (SBIR) grant awarded by the U.S. Department of Energy. Over the past year, this grant has enabled Blue Biofuels to advance the scale-up of its patented Cellulose-to-Sugar (CTS) technology toward full commercialization. With this milestone, the company is now positioned to move forward with commercial deployment and preparations for its first production facility in Frostproof, Florida. Through the support of this grant, Blue Biofuels successfully scaled up every stage of its process, from biomass harvesting through fermentation and distillation. The company achieved commercially viable ethanol yields, significantly reduced processing costs, and demonstrated consistent success using both sugarcane bagasse and company-grown king grass as feedstocks. These results confirm the flexibility of the CTS technology to utilize a variety of biomass sources, paving the way for expa
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