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Blue Biofuels Inc - BIOF STOCK NEWS

Welcome to our dedicated news page for Blue Biofuels (Ticker: BIOF), a resource for investors and traders seeking the latest updates and insights on Blue Biofuels.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Blue Biofuels's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Blue Biofuels's position in the market.

Rhea-AI Summary
Blue Biofuels, Inc. (BIOF) has initiated an engineering study for a 2.4-million-gallon cellulosic ethanol facility using their innovative Cellulose-to-Sugar (CTS) system. The study highlights the efficiency of the CTS process in producing cellulosic ethanol, with plans to scale up for larger facilities. Blue Biofuels aims to optimize their process further, focusing on catalyst recycling and lignin separation for potential sale. The company also looks to integrate the CTS process into their joint venture with Vertimass for Ethanol-to-Sustainable-Aviation-Fuel production, positioning BIOF as a key player in the renewable energy sector.
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5.9%
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Rhea-AI Summary
Blue Biofuels Inc. (BIOF) achieves a significant milestone by producing its first batch of cellulosic ethanol, secures two US Patents with six pending, and advances towards commercializing its Cellulose-to-Sugar technology. The company is focusing on establishing production capacity for Sustainable Aviation Fuel (SAF) in collaboration with Vertimass and expanding off-take agreements for biofuels.
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End-of-Day
3.69%
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Rhea-AI Summary
Blue Biofuels, Inc. (BIOF) has partnered with Vertimass, LLC to form VertiBlue Fuels LLC, aiming to produce sustainable aviation fuel (SAF) and renewable propane and butane (rLPG) using Vertimass' proprietary technology. The partnership plans to build a facility in Florida, with an initial production capacity of 10 million gallons of SAF and 2 million gallons of rLPG annually, and expand to 70 million gallons of SAF and 14 million gallons of rLPG. The facility will initially use sugarcane ethanol and later transition to ethanol from Blue Biofuels' CTS technology, marking a shift from technology development to production.
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40%
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partnership
Rhea-AI Summary
Blue Biofuels provides an update on the Inflation Reduction Act and its impact on the company. The act offers valuable fuel credits for cellulosic biofuels, with Blue Biofuels seeking to obtain Clean Fuel Production Credits (CFPC) and Low Carbon Fuel Standard Credits (LCFS). The company is capable of making sustainable aviation fuel (SAF) from cellulosic feedstocks using its patented processes. Blue Biofuels plans to build a commercial factory to fulfill the ethanol mandate and SAF needs of the country, with the opportunity for significant additional profits.
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Blue Biofuels Inc

OTC:BIOF

BIOF Rankings

BIOF Stock Data

26.64M
182.12M
35.28%
1.12%
Motion Picture and Video Production
Information
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United States
Palm Beach Gardens

About BIOF

blue biofuels' (otcmkts: biof) cts patented technology is a revolutionary process that converts cellulosic feedstocks into sugar and lignin for use in biofuels and bioplastics production. our mission is to produce renewable fuels, biooriginated and biodegradable plastics, and other specialty products from plant-based materials in an environmentally friendly and co2 neutral process.