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Alliance BioEnergy's Next-Gen CTS 2.0 Underway (Ind Report)
Alliance BioEnergy
Date: 2020-04-10
In the Sunshine State, Palm Beach Gardens-based Alliance BioEnergy Plus Inc. reports construction is underway on its new 4th generation Cellulose-to-Sugar (CTS 2.0) prototype.

CTS 2.0 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 subsequently into biofuels, and bioplastics, without the use of enzymes or liquid acids. CTS stands for Cellulose to Sugar. The cellulose is converted into sugar and lignin. The sugar is further converted into bio-ethanol and other biofuels; the lignin may be further converted into bioplastics. The company notes that biofuel originating from the CTS process will receive the generous D3 cellulosic Renewable Fuel Credits (RINs) which are currently $1.40/gallon of ethanol. (Source: Alliance Bioenergy, PR, 9 April, 2020) Contact: Alliance Bioenergy Plus, Inc., Ben Slager, CEO, Ben.slager@alliancebioe.com; www.Alliancebioe.com

More Low-Carbon Energy News Cellulosic,  Biomass,  Alliance BioEnergy,  Biomass,  Biofuel,  


Alliance BioEnergy Plus Near Exiting Chapter 11 (Ind. Report)
Alliance BioEnergy
Date: 2019-07-31
In the Sunshine State, West Palm Beach-based Alliance BioEnergy Plus Inc. reports U.S. Bankruptcy Court for the Southern District of Florida has approved its Chapter 11 Disclosure Statement to confirm the company's Chapter 11 Plan. Additionally, the company has deposited in escrow all the necessary funds to pay its creditors all payments required to confirm the Plan.

Alliance has developed a new and improved technology system that converts any cellulosic material -- grasses, wood, paper, farm waste, yard waste, forestry products, nut shells, and the cellulosic portion of municipal solid waste -- into biofuels quicker, more consistently, and more energy efficient than the first generation process. Alliance’s CTS (cellulose-to-sugar) 2.0 process converts sugar into ethanol via a standard process that recycles water and catalysts used in the process, uses no toxic chemicals and has a near zero carbon footprint. When fully commercialized, Alliance's technology it will be the lowest cost producer in the ethanol and biofuel space, according to the Alliance release. (Source: Alliance Bioenergy Plus, Inc., PR, 30 July, 2019) Contact: Alliance Bioenergy, Ben Slager, CEO, (888) 607-3555, ben.slager@alliancebioe.com, www.alliancebioe.com

More Low-Carbon Energy News Alliance BioEnergy ,  Biofuel,  Cellulosic,  


Alliance BioEnergy Reports Debt Restructuring Effort (Ind. Report)
Alliance BioEnergy Plus
Date: 2019-02-06
In the Sunshine State, West Palm Beach-based Alliance BioEnergy Plus Inc. reports that a number of "former insiders" will subordinate over $2 million in debt so that repayments are only due out of future profits. The company also renegotiated down other smaller debts and continues to renegotiate additional obligations.

According to the company release, two disputes remain outstanding, one with the Company's former Controller and the other with a lender, Lucas Hoppel. Alliance has filed counterclaims, which management believes have merit, against both of these parties. Details are available at the United States Bankruptcy Court for the Southern District of Florida, Case number 18-23071.

Alliance BioEnergy +, Inc. is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida, via its affiliate Carbolosic, LLC. Carbolosic holds the exclusive, worldwide license to 4 issued patents and 15 filed and pending patents revolving around the core Cellulose-to- Sugar (CTS) technology. ALLM also holds the exclusive CTS rights to North America and Africa. (Source: Alliance Bioenergy Plus, Inc., PR, 5 Feb., 2019) Contact: Alliance Bioenergy Plus, Ben Slager, CEO, ben.slager@alliancebioe.com, www.alliancebioe.com

More Low-Carbon Energy News Alliance BioEnergy Plus,  

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