WEST PALM BEACH, Fla., Aug. 03, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is pleased to announce that following discussions with the Department of Energy (DOE), Alliance has submitted a full Application responsive to the DOE’s Office of Energy Efficiency and Renewable Energy (EERE) Funding Opportunity Announcement (FOA) for the design and construction of a Demonstration Scale Manufacturing Plant for the production of Aviation Biofuels (JP-8) from cellulosic biomass such as yard waste, agriculture leftovers and woodchips, capable of being used in commercial jet aviation as well as military applications.
Jet fuel accounts for approximately 10% of U.S. petroleum-based refinery production which amounts to approximately 22 billion gallons of jet-fuel annually at a cost to the Airlines of more than $3.00 per gallon (2014 statistics) and is projected to increase above $5.00 per gallon by 2020 (according to the FAA’s Annual Energy Outlook). Using Alliance’s CTS process, Aviation Biofuels should be producible in the $1.00 range.
Aviation Biofuels have the potential to provide the means and mechanism to meet the Airlines need to comply with government regulations to reduce carbon-emissions going forward and to manage the on-going upward price risk of petroleum based jet-fuel, fuel price volatility and the risk associated with greenhouse gas emissions from petroleum based jet-fuel. Aviation Biofuels fuels produced from Cellulosic Biomass have the ability to address these needs as well as reduce the overall carbon footprint of fuel transportation and storage by locating CTS Aviation Biofuel plants near major airline hubs.
Alliance’s CTS process is uniquely positioned to be the ONLY commercially viable cellulosic sugar source for conversion into Aviation Biofuels. The CTS process will allow an Aviation Biofuel manufacturer to directly produce sugars from either or both food and non-food cellulosic biomass for less than $0.08 cents per pound as compared to having to purchase sugar in the wholesale market at a price ranging from $0.19-to-$0.22 cents per pound for agricultural sector sugar.
The ‘Renewable Fuel Standard’ enacted in 2005, revised in 2007 and updated in 2016 has caused substantial investment in failed cellulosic Biofuel research. The continued failures in enzymatic and strong-acid-hydrolysis conversion processes over the past decade have created a very cautious investment environment (justifiably so) which has left a Hugh-Gap in the production of Biofuels from Cellulosic Biomass. This Gap is now fillable by Alliance’s CTS Process which resolves the ongoing needs of the Airlines. Military applications will be discussed in future releases.
Alliance BioEnergy +, Inc. (“ALLM”) 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. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to three (3) issued patents and fifteen (15) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
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.