WEST PALM BEACH, Fla., March 15, 2017 /PRNewswire/ -- Alliance BioEnergy Plus, Inc. (OTC QB: ALLM) (the "Company") today highlighted the Company's research on the economics of its patented Cellulose to Sugar (CTS) conversion process compared to traditional corn-based cellulosic ethanol production and the financial benefits of its recent efforts to establish a local cellulosic ethanol production plant.
To adhere to RFS2 federal program standards, ethanol-producing companies are required to increase their use of cellulosic-based sugar in an attempt to reduce use of corn-based sugars which diminish the nation's food supply. As a result, producers are identifying new solutions to meet commercial cellulosic ethanol production requirements at a lower cost and higher volume than traditional ethanol, while utilizing existing organic commercial and residential waste.
The Company's competitive industry research found that using corn stover as feedstock for the enzymatic conversion process projected the cost of a gallon of ethanol to be well above $3.50. Alliance's patented CTS process eliminates the need for pre-treatment, enzymes, liquid acids, applied heat and pressures, by utilizing a mechanical/chemical system which processes multiple cellulosic feedstocks continuously, bringing the projected cost down by approximately 74% to only $0.91 per gallon.
The company is negotiating to acquire the first plant of its own and intends to retrofit the facility to the patented CTS process by early 2018. With an initial capacity of 8 MMGY of high quality Cellulosic Ethanol this new facility should generate profits upwards of $25 million in year two, increasing to $55 million in year five as capacity is doubled and $112 million in year seven as it is brought to maximum capacity.
"We're excited to be leading the research and plant development efforts that could steer our society in a direction where we're no longer dependent on petroleum and can instead turn to non corn-based ethanol," said Daniel DeLiege, CEO, Alliance BioEnergy Plus, Inc. "We have a groundbreaking solution that allows us to create the fuel we need from the waste we don't, all at a cost that is significantly cheaper for commercial purposes. Ultimately, consumers will pay less to be more environmentally friendly."
The Company is working with the County landfill to reuse organic commercial and residential green waste for ethanol production. The ability to shift away from carbon and to ethanol reduces a producer's carbon footprint by 80-90% however, with the Company's ability to reuse waste, the carbon footprint is negated, creating a positive impact on the surrounding environment while supplying fuel.
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, via its affiliate Carbolosic, LLC. Carbolosic holds the exclusive, worldwide license to four (4) issued patents and fourteen (14) 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 risks, uncertainties and other factors are more fully discussed in the Company'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.