Executive Summary

Blue Biofuels is a renewable fuels company commercializing a patented technology that converts abundant biomass into cellulosic ethanol, Sustainable Aviation Fuel (SAF), and renewable gasoline, with industry-leading carbon reductions.

Blue Biofuels Makes First Cellulosic Ethanol

Blue Biofuels
Inc. (“BIOF”) continues to make substantial strides in advancing its Cellulose-to-Sugar (CTS)
technology towards commercial scale. The company has achieved a significant milestone by
successfully producing its first batch of cellulosic ethanol, utilizing the cellulosic sugars created
from biomass on its CTS pilot line.

Blue Biofuels and Vertimass Forge Partnership to Start Production of Sustainable Aviation Fuel

Blue Biofuels Inc. and Vertimass, LLC, have created a partnership to employ Vertimass’ proprietary Consolidated Alcohol Deoxygenation and Oligomerization (CADO) technology to produce sustainable aviation fuel (SAF) and renewable propane and butane (rLPG) as co-products from ethanol. This new company, VertiBlue Fuels LLC, is equally owned by Blue Biofuels Inc. and Vertimass.

© 2022 Blue Biofuels, Inc.

© 2022 Blue Biofuels, Inc.