WEST PALM BEACH, Fla., March 08, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is pleased to announce after additional testing at a 55 million gallon a year (mmgy) ethanol plant in Illinois, the Harvesting Technology CoProMax process when combined with the ALLM CTS process, offers an opportunity to add more than $17 million to the bottom-line of an existing 55 mmgy corn ethanol plant, without bringing in outside cellulosic feedstock.
The CoProMax system eliminates the production of Thin Stillage and utilizes a unique method to extract nearly three times the high value Distillers Corn Oil (DCO) other than what is typical with average production practices. In addition, it provides both a High Protein Distillers Grain (with protein levels in excess of 45%), as well as a High Fiber Distillers Grain, which contains three quarters of the available corn kernel fiber. The Distillers Grains with high levels of corn kernel fiber can be converted through the CTS unit, extracting even more DCO and adding millions of gallons of Cellulosic Ethanol output.
The logistical challenges and costs usually associated with transporting 1,000’s of tons a day of a cellulosic feedstock to a central location is eliminated because no outside feedstock is needed. Most importantly, without the feedstock there is no need to add expensive material handling or pretreatment processes.
The combined CTS/CoProMax system allows an existing Corn Ethanol plant entry into the mandated cellulosic ethanol market by offering both low capital and operating expenses while retaining the ability to expand and add outside feedstocks for even more Cellulosic Ethanol output.
Working together, ALLM and Harvesting Technology are in advanced discussions with several large ethanol producers and will seek to license/sell a bolt-on solution for existing ethanol plants around the globe. This will allow corn ethanol producers the option, for the first time to increase output, recover additional high-value coproducts and begin to transition off food sources without having to radically retool or drastically change operations in the process. The combined process will allow not only large producers, but also provide smaller-to-mid-size independent ethanol producers a path to profitability irrespective of low oil, or high grain prices.
With more than 200 Ethanol Plants in the U.S. alone the Company can expect to see significant revenues and royalties from its exclusive territories while working with its joint venture partners in shared areas of the world.
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, the CoProMax system. CoProMax 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.