WEST PALM BEACH, Fla., April 5, 2017 /PRNewswire/ -- Alliance Bio-Products, Inc. (Bio-Products), a subsidiary of Alliance BioEnergy Plus, Inc. (OTCQB: ALLM), today commented on a recent study highlighting the emerging market opportunity within the bioethanol industry. Bio-Products has a commercialized, patented cellulose to sugar (CTS) technology for use as a high-efficiency, low-cost option for the production of cellulosic ethanol within the growing bioethanol production market.
A recent study states the global bioethanol market will rise to nearly $9.6 billion by 2022 due to a number of factors including the rise in environmental concerns, mandates imposed by regulatory bodies, a need to lower greenhouse gases, and an increased demand from the Asia-Pacific region. The bioethanol market was valued at $5.7 billion in 2015 and is expected to have a compound annual growth rate (CAGR) of 7.6% until 2022.
The key challenge for the production of cellulosic ethanol, as indicated within the report, is the high investment and production costs. Another highlighted challenge includes the current debate over the use of agricultural land for food versus fuel.
Alliance Bio-Products' patented CTS technology provides a less expensive solution for the production of cellulosic ethanol due to its extremely low construction costs and through its ability to convert any cellulose material including commercial, residential and agricultural waste into sugars for ethanol production, as well as other products such as bioplastics, fine chemicals and a variety of consumer and industrial goods. The use of waste material ensures the production of fuel does not interfere with food production or pull from the nation's food supply as it uses discarded materials including yard clippings, agricultural waste, paper and wood chips.
The dry mechanical process is completely environmentally friendly as it does not require the use of enzymes, liquid acids, applied heat, pressure or hazardous materials. The combined use of waste materials and elimination of additional processing materials brings the cost of production to less than $1 per gallon, well below the $3.50 plus cost per gallon of competing cellulosic technologies and significantly lower than traditional corn-based ethanol of $1.35 to $1.65 per gallon depending on the price of corn.
"The bioethanol market shows significant potential due to its ability to address a number of growing concerns including environmental best practices and its ability to minimize greenhouse gasses while dealing with our nations rapidly growing waste issues," says Jim Brown, President of Alliance Bio-Products. "As the market grows, we expect to see a continual increase in the use of our patented CTS technology due to our capability to overcome challenges including cost and feedstock material. With CTS, price for production is lowered to under $1 per gallon and bioethanol producers can use residential and agricultural waste instead of interfering with food supplies or taking up valuable farming lands."
To further the commercialization of its CTS technology, the Company recently announced a funding opportunity through a 506(c) filing to raise $10 million for the purchase of a closed biofuel facility in Florida. For more information on that opportunity, please visit the offering page.
For more information on Alliance Bio-Products, Inc., please visit its website.
About Alliance Bio-Products, Inc.
Alliance Bio-Products, Inc. was formed as a special purpose wholly-owned subsidiary of Alliance BioEnergy Plus, Inc. ("ALLM") to own and operate Bioethanol plants in the United States.
Utilizing ALLM's patented CTS process Alliance intends to retrofit existing ethanol plants with the mechnocatalytic cellulosic conversion process, transforming them into profitable renewable energy centers that are carbon neutral, waste free and protecting our delicate environment while providing energy and high value co-products. The CTS process enjoys a family of patents centered around the main U.S. patent # 8,062,428. 2032.
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 Bio-Products, Inc.