Blue Biofuels Inc (BIOF)

[02opida]

WEST PALM BEACH, FL / ACCESSWIRE / July 23, 2018 / Alliance BioEnergy Plus, Inc. (OTCQB: ALLM), today announced that VietNamNet Bridge first reported on June 26, 2018 (http://english.vietnamnet.vn/fms/environment/202874/vietnam-uses--super-technology--to-treat-biowaste.html) that The Ministry of Science and Technology, a Vietnamese Government agency, entered into a Memorandum of Understanding to build an agricultural waste treatment plant utilizing the CTS technology under a master license agreement between Carbolosic and the University of Central Florida.

As reported by Biofuels Digest on June 26, 2018 (http://www.biofuelsdigest.com/bdigest/2018/06/26/vietnam-to-invest-100-million-in-university-of-central-florida-cabolosic-technology/) the Vietnamese Government along with local partners will invest $100 million in a Carbolosic CTS biomass treatment plant to produce jet fuel and other bioproducts from agricultural waste.

"This will be a first large scale factory in the Far East based on the CTS technology that Alliance BioEnergy Plus has the exclusive rights to in the US and elsewhere," says Ben Slager, CEO of Alliance. "Although this particular facility will be licensed by Thor, the Asia territorial licensee, it is a clear recognition of the CTS technology."