Blue Biofuels Files Two New
Patents on the Production of Lignin and Nanocellulose from its CTS
Technology
PALM BEACH GARDENS, FL -- September 9, 2021 --
InvestorsHub NewsWire -- Blue Biofuels, Inc. (PINK:
BIOF) Blue Biofuels, Inc. (the "Company") is
pleased to announce that it filed two more patents that follow on
the granted patent and three previously filed patents pending to
its Cellulose-to-Sugar ("CTS") technology system.
One filed patent pertains to the
production of lignin from the CTS process; the second filed patent
pertains to the production of nanocellulose from the CTS process.
These are important developments
because our no-sulfur lignin can be used for the production of
bio-originated and biodegradable plastics as well as in
ion-exchange resins. Further, the Company believes both
lignin and nano-cellulose have the potential of becoming very high
value co-products of our process. The Company is working on
separating and purifying these products for future sale. The
global nanocellulose market is expected to exceed $1 billion by
2027, according to reportlinker.com.
"These are complementary products
that we expect will broaden our potential product portfolio to meet
our mission of becoming a supplier of renewable bio-fuels,
renewable bio-chemicals, and biodegradable bioplastics," comments
CEO, Ben Slager.
ABOUT BLUE BIOFUELS' CTS
TECHNOLOGY
Blue Biofuels' Cellulose to Sugar
(CTS) technology provides a near zero carbon footprint process that
can convert virtually any plant material – grasses, wood, paper,
farm waste, yard waste, forestry products, fruit casings, nut
shells, and the cellulosic portion of municipal solid waste -- into
sugars and lignin. Sugars are subsequently processed into
biofuels. Lignin may be further converted into bioplastics.
The CTS process is an independently-developed patented and
proprietary technology by Blue Biofuels that is fully owned by the
Company.
Blue Biofuels' management believes
that bio-fuel originating from the Company's CTS process will be
eligible to receive generous D3 cellulosic Renewable Fuel Credits
("RINs"). The D3 RIN is currently around $3/gallon of ethanol,
which could provide income in addition to that from ethanol sales.
This incentive is offered to all domestic cellulosic fuel producers
whose fuel is used in the transportation industry. This mandate was
590 million gallons in 2020 but has not yet been finalized for 2021
by the US Environmental Protection Agency.
Information in this document may
constitute forward-looking statements or statements which may be
deemed or construed to be forward-looking statements. Such
forward-looking statements are subject to various risks and
uncertainties, including the risks, uncertainties and other factors
that are more fully discussed in the Company's filings with the
U.S. Securities and Exchange Commission. All forward-looking
statements attributable to Blue Biofuels, Inc. herein are expressly
qualified in their entirety by the above-mentioned cautionary
statement. Blue Biofuels, Inc. disclaims any obligation to update
forward looking statements contained in this press release, except
as may be required by law.
Contact:
Ben Slager, CEO
Ben@Bluebiofuels.com
Anthony Santelli, CFO
Anthony@Bluebiofuels.com
SOURCE: Blue Biofuels, Inc. www.Bluebiofuels.com