Blue Biofuels Inc (QB) (BIOF) Quote

Blue Biofuels ("Blue Bio") (OTCQB: BIOF), is revolutionizing the biofuel industry. We have developed and patented technology to convert fully renewable, cellulosic, non-food feedstocks -- like grasses, agricultural wastes, and other plant material -- into biofuel, in a low-cost, environmentally frie... Blue Biofuels ("Blue Bio") (OTCQB: BIOF), is revolutionizing the biofuel industry. We have developed and patented technology to convert fully renewable, cellulosic, non-food feedstocks -- like grasses, agricultural wastes, and other plant material -- into biofuel, in a low-cost, environmentally friendly, and carbon friendly process. Our modular, easily scalable Cellulose-to-Sugar (CTS) technology allows rapid conversion of almost any biomass into soluble sugars for further processing into bioethanol and sustainable aviation fuel (SAF). The process has a near zero carbon footprint in that the amount of added atmospheric carbon created by burning the cellulosic ethanol produced by the CTS system is reabsorbed/recycled by newly grown plant materials that are harvested as feedstock for the next round of cellulosic ethanol produced. Sulfur free lignin is a by-product, and it has a wide array of potential commercial applications. The Company believes that biofuel originating from its CTS process will be eligible to receive the US EPA's generous D3 cellulosic Renewable Fuel Credits. The D3 RIN credit for each gallon of ethanol has ranged between $2.00 and $3.34 since the beginning of 2022. This incentive is offered to all domestic cellulosic fuel producers whose fuel is used in the transportation industry. The EPA's D3 RIN volume mandates for cellulosic biofuels include 840 million gallons for 2023, 1.09 billion gallons for 2024, and 1.38 billion gallons for 2025. Show more