Alliance BioEnergy Building Next Generation Prototype towards Commercialization of Its Revolutionary Green Renewable Energy Technology
(Alliance BioEnergy/Globe Newswire) Alliance BioEnergy Plus, Inc. (PINK: ALLM). Alliance BioEnergy Plus Inc., is pleased to announce that it has finalized the design and is building its new 4th generation “Cellulose-to-Sugar” (“CTS 2.0”) prototype.
The Company has received funding from a couple of angel investors that are more than sufficient to pay for the upgraded prototype of the Company’s revolutionary green renewable energy technology. This 4th iteration in upscaling the CTS 2.0 system is being built and should be completed in two to three months. The new design is much larger and further engineered with input from the previous iterations. It has multiple times the capacity as the 3rd generation prototype installed in January of this year, and additional refinements and features to further optimize parameters to be tested for upscaling to semi commercial scale.
CTS 2.0 can convert virtually any plant material – grasses, wood, paper, farm waste, yard waste, forestry products, fruit casings, nut shells, and the cellulosic portion of municipal solid waste — into sugars and subsequently into biofuels, and bioplastics, without the use of enzymes or liquid acids. CTS stands for Cellulose to Sugar. The cellulose is converted into sugar and lignin. The sugar is further converted into bio-ethanol and other biofuels; the lignin may be further converted into bioplastics. CTS 2.0 has a near zero carbon footprint. CTS 2.0 is the fully owned and independently developed proprietary process of Alliance BioEnergy Plus.
Management continues to believe that our CTS 2.0 process, once commercialized, can produce ethanol at a lower cost than ethanol from corn due to the efficiency of the CTS 2.0 process, and the fact that our feedstocks (waste or grasses) are far less costly than corn. The current market size for ethanol is 15 billion gallons per year just in the US alone. Becoming the lowest cost producer of ethanol, we will also be the lowest cost producer of bio-jet fuel. Over 70 billion gallons of jet fuel were consumed globally in 2018.
It is important to note that any bio-fuel originating from the CTS process will receive the generous D3 cellulosic Renewable Fuel Credits (“RINs”), which are currently $1.40/gallon of ethanol, in addition to the market price of ethanol. This incentive to all cellulosic fuel producers helps absorb the volatility in energy prices, which the world has experienced severely these past couple of months.
To summarize the present situation, CEO Ben Slager says: “Our Company has never been in a better position than it is presently; we have a multibillion dollar market place which we will soon serve with green environmental and cost leading proprietary products in a very profitable fashion. We have a clean and reorganized company to work from, and we have the funds in place to continue to commercialize our process. I look forward to improving the environment with carbon neutral biofuels and bioplastics and, at the same time, making money for our shareholders.” READ MORE
Blue Biofuels: Our Absolute Best And No. 1 Microcap Idea For 2021 (Seeking Alpha)
Excerpt from Seeking Alpha: Blue Biofuels, formerly known as Alliance Bioenergy Plus (OTCPK:ALLM) is a very compelling turn-around situation.
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This company is very similar to a start-up in a number of ways.
The original technology, which was first developed at a major University has been revamped, retooled and redesigned. In addition, the former ALLM management team was removed, and replaced with a much more competent CEO, CFO and Board of Directors. A complete reorganization of the financial structure, has bolstered the balance sheet, eliminated burdensome debt and allowed the company to raise capital on favorable terms.
Now that most of the heavy-lifting has taken place, and the problems of the past have been confronted and, more importantly, corrected, we view Blue Biofuels as an attractive candidate for those investors who want to participate in an alternative energy industry that is poised for tremendous growth.
As a result of changing climate conditions, an ongoing transition away from fossil fuels, and a prioritization of cleaning up the environment, ALLM is well positioned to participate in a new renaissance for both biofuels and bioplastics.
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The incoming Biden Administration has indicated a re-commitment to the Paris Climate Accord, to support the advancement of climate-friendly green energy technologies, and to further promote and incentivize new ideas to reduce the carbon footprint in both the United States and abroad.
4. As was pointed out at a United Nations General Assembly meeting just this past week, the recent impact of COVID-19 on the global food supply has served to exacerbate humanitarian concerns when it comes to being able to produce adequate agricultural resources to feed the world’s population.
This adds another twist to the ongoing debate of “food versus fuel”.
Prioritizing the allocation of precious farmland resources, currently being used to produce corn for ethanol, as opposed to animal feed for beef, pork and chicken, along with the accompanying parallel reduction in wheat and soybean plantings, which can be harvested for human consumption, will become critical in the coming years.
The availability and use of cheaper and more abundant cellulosic material, as an alternative feedstock in ethanol production, may be one answer to solving this global challenge of balancing the needs of food and energy.
A potential pivot away from the historical reliance on corn as a feedstock in producing ethanol could place Blue Biofuels, and their disruptive CTS 2.0 technology, at the forefront of what may ultimately become the new era of biofuels and bioplastics. READ MORE