In the United States (US), cellulose-to-sugars technology developer Blue Biofuels, Inc., has announced the receipt of a US Department of Energy (DOE) Small Business Innovation Research (SBIR) Phase 1 grant. The grant, valued at US$206 500, will further propel Blue Biofuels’ mission to revolutionize the biofuels sector and create sustainable transportation and aviation fuel.
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According to a statement, the DOE SBIR Phase 1 grant will enable Blue Biofuels to advance its efforts to scale and optimize its patented cellulose-to-sugar (CTS) process.
This funding will support the firm’s team of scientists and engineers as they continue to refine cutting-edge fuel technology aimed at reducing carbon emissions and mitigating climate change.
We are honored to be awarded the DOE SBIR grant, which recognizes our commitment to developing clean and sustainable fuels. This grant not only validates our ongoing efforts but also provides us with the resources needed to accelerate our research and move closer to commercialization, said Benjamin Slager, CEO of Blue Biofuels.
With this grant, Blue Biofuels aims to successfully complete its Phase 1 scaling objectives, paving the way for future opportunities to secure larger-scale grants. The Company is poised to leverage the findings and data generated from this project to pursue subsequent DOE SBIR Phase 2 & 3 grants, potentially worth millions of dollars.
The Company is confident that this grant will serve as a stepping stone towards even greater achievements in the future, driving the Company toward commercialization and production.
