Core Insights - Blue Biofuels has successfully completed its Phase 2 Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy, advancing its patented Cellulose-to-Sugar (CTS) technology towards commercialization [1][2] - The company achieved commercially viable ethanol yields and reduced processing costs while utilizing sugarcane bagasse and king grass as feedstocks [2][4] - The CTS technology demonstrates flexibility in using various biomass sources, enabling expansion into diverse agricultural regions [3][6] Company Overview - Blue Biofuels aims to produce biofuels through its patented CTS technology and its joint venture with Vertimass, focusing on sustainable and renewable energy solutions [5][6] - The CTS process can convert cellulose from various plant materials into sugars for biofuels, including ethanol and sustainable aviation fuel (SAF) [5][6] - The company’s technology is designed to reduce reliance on food crops for ethanol production, utilizing abundant biomass sources [6]