Blue Biofuels, Inc. has received a Department of Energy (DOE) Small Business Innovation Research (SBIR) 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.
“We are honored to be awarded the DOE SBIR grant, which recognizes our commitment to developing clean and sustainable fuels,” CEO Benjamin Slager said in the release. “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.
