Blue Biofuels signs MOU with World Energy for offtake of ethanol, SAF

Blue Biofuels announced May 31 that it has signed a memorandum of understanding (MOU) with World Energy Sustainable Products LLC for World Energy to purchase the finished products produced by Blue Biofuels and all their applicable environmental and tax attributes, including ethanol and sustainable aviation fuel (SAF).

Blue Biofuels will register the various finished products with the relevant regulatory agencies—including U.S. EPA, California Air Resource Board, and ASTM International—such that the finished products will qualify for use and any available credits.

A final, definitive agreement is expected to be reached before Blue Biofuels completes the build-out of its semi-commercial facility.

Blue Biofuels’ cellulose-to-sugar (CTS) process converts plant material such as grasses, forestry products, and agricultural waste into sugars and lignin.

The sugars are subsequently processed into biofuels and lignin may be further processed into a variety of products.

The CTS process is a patented and proprietary technology wholly owned by Blue Biofuels.

“I feel very pleased with the trust from and cooperation with World Energy Sustainable Products,” said CEO Ben Slager. “They have the sales volume to absorb our products and bring them to the market, and they are very interested to further develop the markets for sustainable fuels. As we go along and our volumes and timelines get more final, we will start filling in specific products and volumes to be brought to the market through World Energy.”

Michael Laznik, president of World Energy Sustainable Products, added, “We’re happy to support Blue Biofuels’ efforts to bring new innovations to the marketplace. The need for low-carbon fuels is only growing, and we are committed to being part of the collaboration and innovation necessary to find new and better solutions.”