WEST PALM BEACH, Fla., Feb. 16, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is pleased to announce that it has formed a strategic alliance with Harvesting Technology for the inclusion of their licensed and patented advanced separation process that the Company will utilize alongside its CTS cellulose conversion process in ethanol applications.
When used in a dry mill corn ethanol plant, the Harvesting Technology process is able to separate the backend whole stillage into an additional one pound of Distillers Corn Oil (DCO) per bushel (more than double the current process) and other high fiber distiller’s grain co-products, while reducing the need for high energy centrifuges and evaporators. The co-products can then be processed through the Company’s CTS unit and fermented into high quality cellulosic ethanol, adding up to 6 million gallons of ethanol output to a 55 million gallon per year (55mmgy) plant, without bringing in an outside feedstock.
With the sale of the additional DCO and the added cellulosic ethanol output produced through the combination of the Company’s CTS process and the Harvesting Technology’s separation unit, more than $41,000,000 can potentially be added to the bottom-line of an existing Corn Ethanol plant, and be done so without adding outside feedstock or significantly increasing operating costs.
Additionally, because of the CTS modular design, it can easily convert up to 1,000mt a day of virtually any outside cellulose feedstock which presents another possibility of increasing the bottom-line by an additional $40,000,000 through the increased cellulosic ethanol output and advanced biofuel incentives.
And with the CTS and Harvesting Technology processes both being economically attractive from a CAPEX and OPEX stand point, in addition to the fact that they can each be bolted on to an existing ethanol plant for a fraction of the cost involved with building a new facility, ALLM CEO, Daniel de Liege, views this newly formed alliance as an exciting and cost-effective option for ethanol producers:
“For the first time this gives an ethanol producer an option to use what they have in-house to increase output, or bring in outside biomass to seriously increase output, or both.”
The Harvesting Technology process is currently running successfully at an operating ethanol plant in Illinois and should prove to be a strategic enhancement to the Company’s CTS cellulose conversion process in ethanol applications.
Alliance BioEnergy +, Inc. (“ALLM”) (OTCQB:ALLM), is a publicly traded company focusing on “Green” energy and renewable technologies. ALLM’s subsidiaries focus on emerging technologies in the renewable energy, bio-fuels and new technologies sectors. ALLM owns a fifty percent interest in Carbolosic, LLC, and the exclusive rights to North America (including Canada, U.S. and Mexico) and Africa. Carbolosic holds the exclusive, worldwide license to the patented mechanical/chemical technology, “CTS™” developed by the University of Central Florida. The CTS Cellulose Ethanol technology is able to produce a high quality clean burning Ethanol from virtually any plant material cheaper, quicker and without any hazardous inputs.
About Harvesting Technology:
Harvesting Technology provides an advanced separation technology for co-product production optimization at existing ethanol facilities. HT’s co-product production process delivers a substantial increase in the recovery of DCO (distillers corn oil), while producing two distinct distillers’ grain co-products. HT’s core technology is licensed from a technology based on a patented process, which allows the concentration and capture of nutrients and fiber from organic waste streams.
HT has completed pilot scale demonstration of the technology at an operating ethanol plant and is in the process of selecting a site for the deployment of a commercial scale operation.
Information in this document constitute forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance BioEnergy Plus, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc’s filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc herein are expressly qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.
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Source:Alliance BioEnergy Plus, Inc.