Blue Biofuels Inc (BIOF)

[crazyflavor]

Is it me or have they pulled the old videos (from YouTube) w/ Ben giving timelines & updates?

[valeria123]

another quarter behind us, another bust of a performance. Markets at all-time high, and we are pretty much at the lows nonstop. I see small companies in different industries, having no issues raising capital, if the concept and potential exist. For some reason, with $biof, there is always a struggle to raise the funds and move forward. If this is such a breakthrough technology, why is this not taking off? It's been now 4-5 years since Ben is the new CEO in charge, they raised capital a few times at .25 cents and .15 cents, with zero results.
There is only hope left here, that they can prove something in scale, and that management is realy capable of delivering something. Because time is running out

[Juliamoffitt]

Still holding on… I bought way below .10
I am a oldie moldy.

[valeria123]

A lot of people are here for 5-10 years, with an average price way above .10. So if it runs to $1 is nothing spectacular. I would have been better in 10 years keeping the index alone. But that would def. help

[crazyflavor]

If they produce good news and this runs to $.60 or $1 in a week, all the comments on this board will be about how everyone should have bought when it was trading at $.10

[valeria123]

Its just weird they pumped the stock, made it like the biggest story on their sites, had tons of share and then silence. This is very strange

[happy gylmore]

They have been gone for a couple of years. I'm sure they were given the silent treatment as well and bailed a while ago. You can't blame them when they had so many shares.

[valeria123]

interesting you no longer comment on biof, and your super long position in the stock. You were the biggest advocate for the stock, and then you went silent, very weird and strange, and if you have any reputation left, you should at least put something out.

[NO birds Allowed]

so whta up here .10 cent quote and no volume

[NO birds Allowed]

ustainable Jet Fuel Supply Crunch Endangers Airlines’ Climate Targets
https://www.bloomberg.com/news/articles/2024-01-31/cathay-pacific-sustainable-aviation-fuel-supply-crunch-endangers-climate-plan

[NO birds Allowed]

https://newatlas.com/aircraft/lignin-saf-cost/

[happy gylmore]

We are nor sure what the arrangements are because the 8k has not been filed explaining. Shouldn't this partnership be an 8k event ?

[NO birds Allowed]

so they gave away half the company to vert. next company they do the big raise with. what more will we lose.

[happy gylmore]

We still have to build a plant to convert cellulose to sugars. That will take at least a year even if they had the funds right now which they don't. I'm assuming 25 to 45 million dollars for that. Let's hope vertimass knows some folks with moolah. You can't hide what you have and expect people to throw money at you in this environment.

[brooklyn137]

The other way to look at this is that they are a relatively small grant or off-take away from commercializing. Also, the partnership with Vertimass is for a plant to convert ethanol to aviation fuel, a process already proven by Vertimass. So there is no reason to believe building a plant that will take purchased ethanol and convert it into aviation fuel should take a year or more. I suspect funding is what is holding the company and the stock back.

[NO birds Allowed]

and it isn`t them , they are still nowhere

[BlueChip$]

Yep..I was referring to industry developments, not company specific developments. Hopefully they can land a huge grant, because fund rasing is beyond challenging.

[happy gylmore]

Whoa there. Let's not put the cart before the horse. We still need funding for this project of which we have heard nothing about. Then they have to build a plant that works. I'm assuming the tech works but have not seen any validation of such. There is no way this plant will be done until 2025 best case scenario. Other than that I like where you are going with that article. Can Ben and Anthony pull this off ? They had a very difficult time getting 350 on the last offering and that is only because their own board bought it up. Time will tell.

[BlueChip$]

The stars are lining up!.. https://interestingengineering.com/energy/biofuels-could-reduce-vehicle-pollutants-by-over-90-new-study-finds

[valeria123]

It’s sad and funny, i’ve been invested with them now almost 10 years… with no results…. In this time stocks like nvda or cmg ar up 20, 30 times, while we still are waiting for our revolutionary miracle technology to make us something.((

[happy gylmore]

Technically we are on our way back down under a dime I believe. Without a real update on what this means for BIOF and how funding will work and a real timeline, people will continue to sell. All indicators have turned negative. Should stop at .093

[valeria123]

These guys look like are almost there:

https://www.bloomberg.com/news/articles/2024-01-24/world-s-first-ethanol-to-sustainable-jet-fuel-plant-opens-in-us
https://www.lanzajet.com/projects-services

[NO birds Allowed]

thank you, so hopefully this will entice a real investor to step up

[brooklyn137]

As of March, they were raising money with a series C, so I doubt they are flush. They did receive $3.4 million from the DOE in 2019, so there is that.
https://www.prnewswire.com/news-releases/vertimass-launches-series-c-fundraising-to-bring-technology-to-commercialization-stage-301767685.html

[NO birds Allowed]

or the exact details of this new development

[NO birds Allowed]

does anyone know what verts financials look like

[valeria123]

I really doubt they did apply. But let’s hope

[happy gylmore]

You are right. That would cover many plants.

[BlueChip$]

This is the grant to be had..
https://www.grants.gov/search-results-detail/350315

Hopefully they applied, cause the ceiling on this grant could easily build a plant!

[happy gylmore]

We need lots more than that to build a plant. Glad to get some news. I am still curious if this deal is signed or not and will the new company make a deal maybe with a large airline to get some cash up front.

[billnew5]

From sbir.gov website

The Three Phases of SBIR/STTR
The SBIR Program is structured in three phases:

Phase I. The objective of Phase I is to establish the technical merit, feasibility, and commercial potential of the proposed R/R&D efforts and to determine the quality of performance of the small business awardee organization prior to providing further Federal support in Phase II. SBIR/STTR Phase I awards are generally $50,000 - $250,000 for 6 months (SBIR) or 1 year (STTR).

Phase II. The objective of Phase II is to continue the R/R&D efforts initiated in Phase I. Funding is based on the results achieved in Phase I and the scientific and technical merit and commercial potential of the project proposed in Phase II. Typically, only Phase I awardees are eligible for a Phase II award. SBIR/STTR Phase II awards are generally $750,000 for 2 years.

[BlueChip$]

Yep, I've never seen anything about 700k. The only grant issued so far has been 206k. Besides the DOE Grants, the DOT/FAA just recently closed applications for (FAST) SAF grants that could be worth millions as well. I can't imagine they didn't also apply for a FAST grant in addition to future DOE grants....be nice to get infused with a large grant to help cover the cost of the planned facility in Florida.

[NewJerichoMan]

Hmmm... not sure if that is good news or bad news. But thanks for sharing.

[billnew5]

I emailed the company for clarification. Phase 1 is ongoing and once finalized a report will be filed and they will apply for Phase 2. They did not mention the $$ amount for subsequent phases but below is an exerpt from the PR last July announcing the grant award.
“With this grant, Blue Biofuels aims to successfully complete its Phase 1 scaling objectives, paving the way for future opportunities to secure larger-scale grants. The Company is poised to leverage the findings and data generated from this project to pursue subsequent DOE SBIR Phase 2 & 3 grants, potentially worth millions of dollars.”

[brooklyn137]

I just checked the MOU Blue signed with World Energy Sustainable Products (WESP) in May. MOU's are not binding on anyone, so take what I say with a grain of salt. The MOU is for an off-take agreement under which WESP would buy Blue's aviation fuel, paying in advance. Since that time World has signed agreements to supply SAF Certificates with DHL and MSFT. I don't know the details but it looks like World is a read thing. So maybe the offtake would be part of paying for the building of the plant.

Find WESP's website here: https://www.worldenergy.net/

File info on SAF Certificates here: https://www.ibm.com/blog/saf-sustainable-aviation-fuel-certificates/

[BlueChip$]

Where did you get the additional grant info at?

[NewJerichoMan]

I was wondering why the spike.

Thanks for the article.

[billnew5]

They have another $700K coming from the govt award. I think around Match. Not a great amount but I’d bend over to pick it up if I saw it on the sidewalk.

[valeria123]

Hopefully this year will be the turnaround year and we will finally start to move and build something. Finger crossed

[valeria123]

Yes, how will they get the funds to build and expand?! This is now in the press release, which is crucial, and when will they start?

[brooklyn137]

Good news, but we still have to see about financing. Maybe government secured loans?

[3Djschmidt]

PALM BEACH GARDENS, FL, Jan. 23, 2024 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (BIOF) . Blue Biofuels Inc. (BIOF) 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. (BIOF) 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 transition from technology development to production and represents the first step in building an end-to-end integrated continuous process for converting cellulosic biomass into SAF and other sustainable biofuels.

Blue Biofuels’ CEO, Ben Slager, states, “I am very enthusiastic about this partnership with Vertimass. It confirms our dedication to pioneering sustainable solutions in the aviation industry and producing biofuels. Our joint venture's objective is not only to produce high-quality SAF but also to contribute significantly to reducing carbon emissions. We are excited about the positive impact this project will have on both the environment and the aviation sector, and it is a clear step forward from Biofuels development to production."

Vertimass President and CEO Dr. Charles Wyman noted, “This partnership represents a major milestone for Vertimass, as it will move our breakthrough CADO technology to commercial scale and feed conversion of cellulosic biomass to SAF. The need for SAF in the marketplace continues to grow as airlines and governments around the world commit to net zero carbon emissions by 2050. Vertimass is delighted to be at the forefront of this growing market and looks forward to our low-cost CADO process contributing to reducing carbon emissions that feed climate change.”

Blue Biofuels (BIOF) and Vertimass are committed to the highest standards of environmental responsibility and innovation, and this partnership represents a pivotal step towards a more sustainable aviation sector.

[NO birds Allowed]

although I would not count on it,I think the ceo likes to keep secrets from his shareholders. he may have something up his sleeve

[NO birds Allowed]

since they do not answer me any more . I would suggest that you all ask them for an update. I have asked once a month . nada. they should update us been far to long. Maybe if you all told them its a new year and we deserve to know whats happening

[valeria123]

An update from them is highly needed. We really have to hear something from them

[NO birds Allowed]

you are exactly right. unless batman and robin can put together a JV with someone to give thenm real money we will be holding the bag for them for another year, and its not like they havent had oppurtunities

[happy gylmore]

I understand. The sellers are weakening but there is no reason to buy this until we hear what is going on thus not many buyers as well. I truly hope that changes soon.

[BlueChip$]

Was referring to depth...not much available today below a dime.

[happy gylmore]

Yep that's why he have an 8 handle lol

[BlueChip$]

L2 looks like supply below a dime has dried up.