Blue Biofuels Inc (BIOF)

[brooklyn137]

Sounds like good news. The market is open for offtake agreements. The Shell agreement is for 10 million gallons over the next two years. The Jet fuel used by airlines in the US in 2021 was almost 14 BILLION gallons. In 2019, before covid, the total was over 18 billion. The worldwide total was down the last couple of years due to Covid, as well, but in 2019 it was 95 billion gallons. No shortage of demand.

There is a note of the airlines desperation in the article. If they're investing money in algae, they're investing in anything.

As to Blue, when they get this prototype up and running and tested, they can reach out for offtake agreements. I think we're in great shape. All we need as stockholders is patience.

https://www.statista.com/statistics/197690/us-airline-fuel-consumption-since-2004/#:~:text=In%202021%2C%20due%20to%20the,18.43%20billion%20gallons%20in%202007.