Blue Biofuels Inc (BIOF)

[brooklyn137]

This seems positive.

Alliance leased 18 acres of Giant King Grass.

https://finance.yahoo.com/news/alliance-bioenergy-establishes-giant-king-133300035.html

Alliance BioEnergy Plus Inc., (“Alliance”) announces it has leased 18 acres of land in Southwest Florida to establish a test plot to optimize the production of Giant King Grass as a renewable cellulosic feedstock.

Giant King Grass grows year-round, up to 20 feet in height, and can be harvested multiple times for an annual production of up to 44 tons per acre of cellulosic feedstock, which has a composition similar to corn stover (another cellulosic feedstock). However, corn stover produces only 3.5 to 5 tons per acre and can be harvested only once per year. The Giant King Grass advantage in tons-per-acre-harvested will dramatically reduce the total acreage needed to supply feedstock to a given sized facility. Most importantly, the harvest can be staggered throughout the year thereby substantially reducing the need for large amounts of feedstock storage common to other crops. Finally, it will also produce for at least 5-7 years before needing to be replanted. Alliance believes these are game changing advantages for Giant King Grass as a cellulosic feedstock.

These acres provide the Company a large test plot to establish and monitor the growth, maturity, and harvesting of Giant King Grass to properly plan for its use at commercial scale. It also allows the Company to showcase production and harvesting methods to farmers so they can be confident in growing Giant King Grass on their lands in Florida.

Further the Company plans to harvest the Giant King Grass from these acres from time to time for use in its 4th generation Cellulose-to-Sugar (“CTS”) prototype that is now being tested. The leased acres have an established stand of Giant King Grass, which is sufficient to provide the Company with consistent feedstock to continue testing and upscaling the Company’s revolutionary green renewable energy technology.

“These acres not only provide sufficient quantities of feedstock for our current needs; they also enable Alliance to establish a new, profitable cash crop for Florida’s farmers as we commercialize our renewable biofuels process. We believe there are a sufficient number of underutilized or abandoned acres to grow large quantities of Giant King Grass for our future use and to benefit the Florida Agricultural Economy. ” says CEO Ben Slager.