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Today is when the 2.4mil debt should expire
$gevo starting to run, hopefully $biof will follow soon
Over 0.20 would be a good sign
Over 0.20 would be a good sign
First good week for $biof in a long time, looks like things are finally turning around.
Another good thing coming, looking at financials:
“$2,417,502 will be discharged if not paid by September 18, 2024, which is 5 years after the Company exited bankruptcy. “
Seems this will expire soon, without convertible into stocks. So a plus to shareholders
Yes, I think we are finally turning the corner.
We need another 100 days like today to be at $1))) i hope we will see prices over dollars in our lifetime for this stock
I think this is the best news we had in a while. The cts process and the grant money is an indication that things work, so hopefully soon we will get more positive news, especially on financing and commercialization. That will be a game changer news if or when they come
Pretty good news, yet stock flat to down and no volume. Go figure the logic…(((
Blue Biofuels Receives $1.15 Million
Department of Energy Phase 2 Grant
PALM BEACH GARDENS, FL; September 4, 2024 / Blue Biofuels, Inc. (OTCQB: BIOF).
Blue Biofuels is thrilled to announce that it has been awarded a Phase 2 Small Business Innovation
Research (SBIR) grant from the U.S. Department of Energy amounting to $1.15 million. This
significant funding will support the final stages of scaling the company’s patented Cellulose-to-
Sugar (CTS) process, a groundbreaking technology that efficiently converts plant-based cellulose
into sugars, which are fermented into ethanol to be used as sustainable biofuels. This Phase 2 grant
follows the successful completion of Phase 1, where Blue Biofuels demonstrated the feasibility
and effectiveness of its CTS process, paving the way for this Phase 2 grant.
CEO Ben Slager expressed his enthusiasm for this milestone, stating, "We are very grateful to the
Department of Energy for their continued support and confidence in our CTS technology. This
grant will allow us to accelerate the commercialization of our process, bringing us closer to
providing a sustainable and economically viable alternative to fossil fuels. Our goal is to play a
significant role in reducing carbon emissions and promoting energy independence, and this
funding is crucial in helping us achieve that vision."
The awarded grant will be utilized to complete the scaling of the CTS process, enabling Blue
Biofuels to move forward with commercial deployment. With the successful completion of the
Phase 2 project, all stages of the process—from biomass collection to ethanol production—will be
fully integrated, optimized, and scaled up. The project also includes the completion of the
engineering design of the manufacturing plant to the FEL2 level.
All government proposals undergo a rigorous review by a panel of experts in the field, ensuring
that only the most promising and innovative projects receive funding. The success of Phase 1 and
the endorsement of this panel underscores the potential of Blue Biofuels' technology to
revolutionize the biofuels industry, providing a cost-effective and environmentally friendly
method of producing renewable energy.
About Blue Biofuels, Inc.
Blue Biofuels is based in Florida and has the goal to produce biofuels through its patented
Cellulose-to-Sugar (CTS) technology and its licensed Vertimass technology. CTS is a sustainable,
and renewable green energy system with the potential to achieve a near-zero carbon footprint. The
CTS process can convert virtually any plant material – grasses, forestry products, and agricultural
waste such as sugarcane bagasse and wheat straw -- into sugars and lignin. Sugars are subsequently
processed into biofuels, such as ethanol and sustainable aviation fuel, and lignin may be further
processed into a variety of products. The CTS process is a patented and proprietary technology
wholly owned by Blue Biofuels.
Blue Biofuels’ CTS technology represents significant progress in renewable energy, offering a
sustainable solution that reduces reliance on food crops for ethanol production. By utilizing
abundant and renewable biomass sources such as king grass, sugar cane bagasse, and corn stover,
the company is positioned to contribute meaningfully to the global transition toward cleaner
energy. This versatility allows the company to take advantage of feedstock variability in different
locations around the US and the world.
Special Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other
important factors that could cause the Company’s actual results, performance, or achievements or industry results to
differ materially from any future results, performance, or achievements expressed or implied by these forward-looking
statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the
Company’s control. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”,
“anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-
looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking
statements included in this press release are made only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances.
The Company cannot assure you that the projected results or events will be achieved.
Contact:
Ben Slager, CEO and Chairman
Ben@Bluebiofuels.com
Anthony Santelli, CFO
Anthony@Bluebiofuels.com
SOURCE: Blue Biofuels, Inc. www.Bluebiofuels.com
Good. I also saw that they got the $1.15 million grant from DOE phase 2, this is very good news.
Another month another nada. Thanks $biof management for great progress and returns to shareholders.
Another month another nada. Thanks $biof management for great progress and returns to shareholders.
Better not be sept of 2035)
Even gevo is waking up… let’s hope we have something to show soon…
Maybe… but at this phase we will all be old or lucky to see something materialise with this company. It’s been already 5 years alone since Ben did the bankruptcy, at this speed, it will take another 25 years to produce something…
A bit strange about the convertible debt a lot now
A bit strange about the convertible debt a lot now
I would assume Ben… call him and see what he says
Based on who Ben is and why he is here for so long, doing toxic financing, would be the stupidest thing he would do. So, if anything, I would say he would never do it. As much as I hate their progress and communication, I do not believe Ben would kill the company like this. He has a lot of skin in the game, so let's hope they get some real investment or JV or something.
Yes, I guess everyone is now looking for some moonshot miracle, as many have probably already written the loss off. It is either full loss, which is not much from these levels (especially for me anyways), or some miracle. The fact that management is not communicating anything is not helping at all. Anyways, best of luck to us
Is anyone left here? Seems like we are dead, no news no updates nothing((
Is anyone left here? Seems like we are dead, no news no updates nothing((
Some volume today…
Yes, lets hope so, we need all the help!
I hope they have and at the moment i do not believe they are fraud, but def. Not the way he posted when the stock ran to $1.5. He did the same to many other stocks, the latest being cbmj! Look at that chart and how he pumped it. I really hope Ben will for once deliver something
Altitrade is a pumper
Below 0.05$ incredibile. Let’s get a few more patents though…
Markets make all time high weekly pretty much, if we can’t raise funds in this environment, I wonder how would we cope if a recession hits…
Hard to believe Ben is capable of running this show, based on history, of him being the CEO so far, the odds are not looking great for us…
Not even sure what anthony and others are doing other than getting salary
Another junk stock pumped by altitrade partners, great job 💪👍
We don’t know how it works and if it is scalable. We know it works somehow in a lab with small quantities. Financing would not be such an issues otherwise imo…
Down and down, no real news. I don’t even think Ben has our best interests here. He has been the ceo for 4 years and we are nowhere better than with Dan
At this stage is really a casino with this stock and management. Not sure anymore I believe they have any plans to become a leading biofuel company. Before, Ben used to say he takes no salary and his interest are even more than most shareholders since he holds most of the stock. But by the way they report and operate/communicate to us is very sketchy we have a future. What was the point of king grass now already 2 years. Where are the third party verifications, etc. What was the point of forming a new company with Vertimass if we have no clue what we can produce and if the technology is viable?!
Maybe Ben will be able to turn this around, but he has been on the throne for now 5 year or so, and we are dead in the water.
Anthony not even sure if that guy is doing anything for the company, other than he cashed out about $1mil when the stock was pumped by the famous Altitrade pumper…So many things don’t add up…
Seems like not much of a news… stock just goes down anyways
It sucks for sure
It sucks for sure
Only thing left here is hope and some
Miracle. Stock is dead, management is playing the same card. When asked about some responsibility, they keep saying the same thing - ben (i brought the company back from the banckrupcy) even though we are not far off now either. Again today huge dump… go figure