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Invizyne Technologies Selected for $2 Million Project to Advance Sustainable Aviation Fuel Capabilities
MDBHMDB Capital (MDBH) GlobeNewswire News Room·2024-11-19 14:05

Core Insights - Invizyne Technologies, Inc. has been awarded a 2millionprojecttoenableenzymeproductionforcellfreebiomanufacturingofsustainableaviationfuel(SAF)[1][2]TheprojectispartoftheU.S.DepartmentofDefensesBioMADEinitiative,aimedatscalingupAmericanbiomanufacturedproducts[2][3]TheglobalSAFmarketisprojectedtogrowatacompoundannualgrowthrateof52.22 million project to enable enzyme production for cell-free biomanufacturing of sustainable aviation fuel (SAF) [1][2] - The project is part of the U.S. Department of Defense's BioMADE initiative, aimed at scaling up American biomanufactured products [2][3] - The global SAF market is projected to grow at a compound annual growth rate of 52.2%, reaching 27.4 billion by 2032 [5] Project Details - The BioMADE grant will facilitate the development of an enzyme production and processing pipeline for isobutanol, which can replace conventional petroleum-based fuels [6][4] - Invizyne's technology will be deployed in 100L pilot-scale facilities as part of this initiative [6] Broader Vision and Impact - Invizyne aims to establish a framework for expanding its cell-free approach into various industrial processes beyond biofuels [8] - The company believes its biomanufacturing platform, SimplePath™, will provide significant alternatives to traditional chemical production methods [11][10] - The initiative is expected to contribute to reducing greenhouse gas emissions and fostering a shift toward renewable solutions [8][7] Industry Context - BioMADE supports the scale-up of bioindustrial manufacturing technology, enhancing American competitiveness and securing the U.S. supply chain [9] - The initiative is part of a broader effort to build a diverse and competitive workforce in the bioindustrial manufacturing ecosystem [9]