July 12, 2023
BY Blue Biofuels Inc.
Blue Biofuels Inc. announces today the receipt of a prestigious U.S. Department of Energy Small Business Innovation Research Phase 1 grant. The grant, valued at $206,500, will further propel Blue Biofuels' mission to revolutionize the biofuels sector and create sustainable transportation and aviation fuel.
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 company’s team of scientists and engineers as they continue to refine cutting-edge fuel technology aimed at reducing carbon emissions and mitigating climate change.
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CEO Benjamin Slager expressed his excitement about this achievement, stating, "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."
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. Blue Biofuels remains steadfast in its commitment to advancing the biofuels industry and ushering in a cleaner and greener energy landscape.
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Blue Biofuels is grateful to the Department of Energy for their trust and support in this endeavor. 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.
The U.S. Energy Information Administration maintained its forecast for 2025 and 2026 biodiesel, renewable diesel and sustainable aviation fuel (SAF) production in its latest Short-Term Energy Outlook, released July 8.
XCF Global Inc. on July 10 shared its strategic plan to invest close to $1 billion in developing a network of SAF production facilities, expanding its U.S. footprint, and advancing its international growth strategy.
U.S. fuel ethanol capacity fell slightly in April, while biodiesel and renewable diesel capacity held steady, according to data released by the U.S. EIA on June 30. Feedstock consumption was down when compared to the previous month.
XCF Global Inc. on July 8 provided a production update on its flagship New Rise Reno facility, underscoring that the plant has successfully produced SAF, renewable diesel, and renewable naphtha during its initial ramp-up.
The U.S. EPA on July 8 hosted virtual public hearing to gather input on the agency’s recently released proposed rule to set 2026 and 2027 RFS RVOs. Members of the biofuel industry were among those to offer testimony during the event.