Blue Biofuels Reveals the Highly Positive Impact of the Inflation Reduction Act on Its Business Outlook
Blue Biofuels (the “Company”) would like to update its shareholders on the recently passed Inflation Reduction Act and its impact on the Company.
Details About Government Fuel Credits
The Energy Policy Act of 2005, which included the Renewable Fuel Standard Program enforced by the US Environmental Protection Agency (EPA), mandates a certain amount of renewable fuel be blended into the transportation fuel used by all vehicles in the country. This Program provides monetary incentives to all domestic renewable fuel producers whose fuel is used in the transportation industry.
Blue Biofuels Receives Department of Energy Grant for Groundbreaking Renewable Fuels Technology
Blue Biofuels announces today the receipt of a prestigious Department of Energy (DOE) Small Business Innovation Research (SBIR) Phase 1 grant. The grant, valued at $206,500, will further propel Blue Biofuels’ mission to revolutionize the biofuels sector and create sustainable transportation and aviation fuel.
Blue Biofuels Signs MOU with World Energy Sustainable Products for Off-take of Ethanol and SAF
Blue Biofuels announces that it has signed a Memorandum of Understanding with World Energy Sustainable Products, LLC (World Energy) that World Energy will purchase the finished products produced by Blue Biofuels and all their applicable environmental and tax attributes, including ethanol and sustainable aviation fuel.
Blue Biofuels Increases its Land Holdings to Grow Feedstock for Biofuels to 182 Acres
Blue Biofuels announces that it has leased an additional 167 acres of farmland in southwest Florida on which it intends to grow king grass for the production of bio-ethanol and sustainable aviation fuel through its patented Cellulose-to-Sugar (CTS) process.
