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Blue Biofuels Inc (QB)

Blue Biofuels Inc (QB) (BIOF)

0.1197
0.00145
(1.23%)
Closed September 18 4:00PM

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Key stats and details

Current Price
0.1197
Bid
0.113
Ask
0.1197
Volume
202,257
0.1021 Day's Range 0.1197
0.0435 52 Week Range 0.1757
Market Cap
Previous Close
0.11825
Open
0.1116
Last Trade
5000
@
0.1197
Last Trade Time
Financial Volume
$ 22,236
VWAP
0.109937
Average Volume (3m)
135,738
Shares Outstanding
303,178,008
Dividend Yield
-
PE Ratio
-11.88
Earnings Per Share (EPS)
-0.01
Revenue
-
Net Profit
-3.06M

About Blue Biofuels Inc (QB)

Blue Biofuels ("Blue Bio") (OTCQB: BIOF), is revolutionizing the biofuel industry. We have developed and patented technology to convert fully renewable, cellulosic, non-food feedstocks -- like grasses, agricultural wastes, and other plant material -- into biofuel, in a low-cost, environmentally frie... Blue Biofuels ("Blue Bio") (OTCQB: BIOF), is revolutionizing the biofuel industry. We have developed and patented technology to convert fully renewable, cellulosic, non-food feedstocks -- like grasses, agricultural wastes, and other plant material -- into biofuel, in a low-cost, environmentally friendly, and carbon friendly process. Our modular, easily scalable Cellulose-to-Sugar (CTS) technology allows rapid conversion of almost any biomass into soluble sugars for further processing into bioethanol and sustainable aviation fuel (SAF). The process has a near zero carbon footprint in that the amount of added atmospheric carbon created by burning the cellulosic ethanol produced by the CTS system is reabsorbed/recycled by newly grown plant materials that are harvested as feedstock for the next round of cellulosic ethanol produced. Sulfur free lignin is a by-product, and it has a wide array of potential commercial applications. The Company believes that biofuel originating from its CTS process will be eligible to receive the US EPA's generous D3 cellulosic Renewable Fuel Credits. The D3 RIN credit for each gallon of ethanol has ranged between $2.00 and $3.34 since the beginning of 2022. This incentive is offered to all domestic cellulosic fuel producers whose fuel is used in the transportation industry. The EPA's D3 RIN volume mandates for cellulosic biofuels include 840 million gallons for 2023, 1.09 billion gallons for 2024, and 1.38 billion gallons for 2025. Show more

Sector
Indl Organic Chemicals, Nec
Industry
Indl Organic Chemicals, Nec
Headquarters
Las Vegas, Nevada, USA
Founded
-
Blue Biofuels Inc (QB) is listed in the Indl Organic Chemicals sector of the OTCMarkets with ticker BIOF. The last closing price for Blue Biofuels (QB) was $0.12. Over the last year, Blue Biofuels (QB) shares have traded in a share price range of $ 0.0435 to $ 0.1757.

Blue Biofuels (QB) currently has 303,178,008 shares outstanding. The market capitalization of Blue Biofuels (QB) is $35.85 million. Blue Biofuels (QB) has a price to earnings ratio (PE ratio) of -11.88.

BIOF Latest News

PeriodChangeChange %OpenHighLowAvg. Daily VolVWAP
10.0008170.6872303020620.1188830.12870.10212017570.11974118CS
40.0359542.92537313430.083750.130.07252304540.11000657CS
120.044358.75331564990.07540.130.06111357380.09698275CS
260.022222.76923076920.09750.130.04351372370.08771994CS
52-0.0332-21.71353826030.15290.17570.04351423780.09891239CS
156-0.2228-65.05109489050.34250.370.04351727070.16152608CS
2600.06775130.413859480.051951.50.0281923310.28114121CS

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BIOF Discussion

View Posts
valeria123 valeria123 9 hours ago
Today is when the 2.4mil debt should expire
👍️0
valeria123 valeria123 2 days ago
$gevo starting to run, hopefully $biof will follow soon
👍️0
valeria123 valeria123 1 week ago
Over 0.20 would be a good sign
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valeria123 valeria123 1 week ago
Over 0.20 would be a good sign
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valeria123 valeria123 2 weeks ago
First good week for $biof in a long time, looks like things are finally turning around.
👍️0
billnew5 billnew5 2 weeks ago
Thx! Good news indeed. Maybe in a vouple of weeks something else.
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valeria123 valeria123 2 weeks ago
Lates 10q

https://ih.advfn.com/stock-market/USOTC/blue-biofuels-qb-BIOF/stock-news/94345461/form-10-q-quarterly-report-sections-13-or-15d
👍️0
billnew5 billnew5 2 weeks ago
That is good news. Can you provide a link to where you fiund that or at least say where and if it is accessible? TIA
👍️0
valeria123 valeria123 2 weeks ago
Another good thing coming, looking at financials:
“$2,417,502 will be discharged if not paid by September 18, 2024, which is 5 years after the Company exited bankruptcy. “

Seems this will expire soon, without convertible into stocks. So a plus to shareholders
👍️0
NewJerichoMan NewJerichoMan 2 weeks ago
Breaking through the resistance at $0.09 is bullish no matter if the share price holds.
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NO birds Allowed NO birds Allowed 2 weeks ago
I know . itis good to be positive on this again
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crazyflavor crazyflavor 2 weeks ago
No worries, it was just a joke.
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NO birds Allowed NO birds Allowed 2 weeks ago
I am a man for whom when the facts change I revise my opinion.A shocking thought to some
👍️0
crazyflavor crazyflavor 2 weeks ago
What’s all this positive talk? who are you people ;)
👍️ 1
valeria123 valeria123 2 weeks ago
Yes, I think we are finally turning the corner.
👍️0
NO birds Allowed NO birds Allowed 2 weeks ago
soon .val . looks like they have finally turned the corner conversations are onging.also looks like the sellers are out of the way for now
👍️ 1
valeria123 valeria123 2 weeks ago
We need another 100 days like today to be at $1))) i hope we will see prices over dollars in our lifetime for this stock
👍️0
brooklyn137 brooklyn137 2 weeks ago
There does seem to be a little market reaction. Only up about a penny from yesterday's close, but that's about 11 percent. Let's see if it holds.
👍️ 1
brooklyn137 brooklyn137 2 weeks ago
In case anyone is interested, at this link is a description of the DOE sbir grants and the three phases. Blue just got phase two which is for technology development. Phase one, proof of concept, phase two, Technology development. The DOE lists phase two as lasting 24 months. Phase three is listed as commercialization. There is no limit to the amount of phase three awards. https://www.sbir.gov/sites/all/themes/sbir/dawnbreaker/img/documents/Course9-Tutorial4.pdf One of the ideas of phase three is that government agencies can be customers of the newly commercial companies. this all sounds very good.

https://www.sbir.gov/
👍️ 2
valeria123 valeria123 2 weeks ago
I think this is the best news we had in a while. The cts process and the grant money is an indication that things work, so hopefully soon we will get more positive news, especially on financing and commercialization. That will be a game changer news if or when they come
👍️ 2
brooklyn137 brooklyn137 2 weeks ago
Not too many people know about this stock and those who do are already fully invested. The stock will move when they get funding for a plant.
👍️0
valeria123 valeria123 2 weeks ago
Pretty good news, yet stock flat to down and no volume. Go figure the logic…(((
👍️0
brooklyn137 brooklyn137 2 weeks ago
Thanks valeria123. great news indeed. Let's see what the market thinks of it.
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valeria123 valeria123 2 weeks ago
Blue Biofuels Receives $1.15 Million
Department of Energy Phase 2 Grant
PALM BEACH GARDENS, FL; September 4, 2024 / Blue Biofuels, Inc. (OTCQB: BIOF).
Blue Biofuels is thrilled to announce that it has been awarded a Phase 2 Small Business Innovation
Research (SBIR) grant from the U.S. Department of Energy amounting to $1.15 million. This
significant funding will support the final stages of scaling the company’s patented Cellulose-to-
Sugar (CTS) process, a groundbreaking technology that efficiently converts plant-based cellulose
into sugars, which are fermented into ethanol to be used as sustainable biofuels. This Phase 2 grant
follows the successful completion of Phase 1, where Blue Biofuels demonstrated the feasibility
and effectiveness of its CTS process, paving the way for this Phase 2 grant.
CEO Ben Slager expressed his enthusiasm for this milestone, stating, "We are very grateful to the
Department of Energy for their continued support and confidence in our CTS technology. This
grant will allow us to accelerate the commercialization of our process, bringing us closer to
providing a sustainable and economically viable alternative to fossil fuels. Our goal is to play a
significant role in reducing carbon emissions and promoting energy independence, and this
funding is crucial in helping us achieve that vision."
The awarded grant will be utilized to complete the scaling of the CTS process, enabling Blue
Biofuels to move forward with commercial deployment. With the successful completion of the
Phase 2 project, all stages of the process—from biomass collection to ethanol production—will be
fully integrated, optimized, and scaled up. The project also includes the completion of the
engineering design of the manufacturing plant to the FEL2 level.
All government proposals undergo a rigorous review by a panel of experts in the field, ensuring
that only the most promising and innovative projects receive funding. The success of Phase 1 and
the endorsement of this panel underscores the potential of Blue Biofuels' technology to
revolutionize the biofuels industry, providing a cost-effective and environmentally friendly
method of producing renewable energy.
About Blue Biofuels, Inc.
Blue Biofuels is based in Florida and has the goal to produce biofuels through its patented
Cellulose-to-Sugar (CTS) technology and its licensed Vertimass technology. CTS is a sustainable,
and renewable green energy system with the potential to achieve a near-zero carbon footprint. The
CTS process can convert virtually any plant material – grasses, forestry products, and agricultural
waste such as sugarcane bagasse and wheat straw -- into sugars and lignin. Sugars are subsequently
processed into biofuels, such as ethanol and sustainable aviation fuel, 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.
Blue Biofuels’ CTS technology represents significant progress in renewable energy, offering a
sustainable solution that reduces reliance on food crops for ethanol production. By utilizing
abundant and renewable biomass sources such as king grass, sugar cane bagasse, and corn stover,
the company is positioned to contribute meaningfully to the global transition toward cleaner
energy. This versatility allows the company to take advantage of feedstock variability in different
locations around the US and the world.
Special Note Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. Forward-looking statements involve known and unknown risks, uncertainties, and other
important factors that could cause the Company’s actual results, performance, or achievements or industry results to
differ materially from any future results, performance, or achievements expressed or implied by these forward-looking
statements. These statements are subject to a number of risks and uncertainties, many of which are beyond the
Company’s control. The words “believes”, “may”, “will”, “should”, “would”, “could”, “continue”, “seeks”,
“anticipates”, “plans”, “expects”, “intends”, “estimates”, or similar expressions are intended to identify forward-
looking statements, although not all forward-looking statements contain such identifying words. Any forward-looking
statements included in this press release are made only as of the date of this release. The Company does not undertake
any obligation to update or supplement any forward-looking statements to reflect subsequent events or circumstances.
The Company cannot assure you that the projected results or events will be achieved.
Contact:
Ben Slager, CEO and Chairman
Ben@Bluebiofuels.com
Anthony Santelli, CFO
Anthony@Bluebiofuels.com
SOURCE: Blue Biofuels, Inc. www.Bluebiofuels.com
👍️ 1 🤑 1
valeria123 valeria123 2 weeks ago
Good. I also saw that they got the $1.15 million grant from DOE phase 2, this is very good news.
👍️0
brooklyn137 brooklyn137 2 weeks ago
News out, upgraded cts process. https://www.otcmarkets.com/stock/BIOF/news/Blue-Biofuels-Produces-Ethanol-in-High-Yield-from-Multiple-Feedstocks-in-its-Upscaled-CTS-Process?id=451988
👍️ 1 🤑 1
valeria123 valeria123 3 weeks ago
Another month another nada. Thanks $biof management for great progress and returns to shareholders.
👍️0
valeria123 valeria123 3 weeks ago
Another month another nada. Thanks $biof management for great progress and returns to shareholders.
👍️0
NewJerichoMan NewJerichoMan 4 weeks ago
That was a major portfolio adjustment for me. Nothing to see here.
👍️0
3Djschmidt 3Djschmidt 4 weeks ago
Huge volume today..........36 shares traded by 1:20pm.
👍️ 1
valeria123 valeria123 1 month ago
Better not be sept of 2035)
👍️0
NO birds Allowed NO birds Allowed 1 month ago
if anyting shows up wont be until after september
👍️0
valeria123 valeria123 1 month ago
Even gevo is waking up… let’s hope we have something to show soon…
👍️0
NO birds Allowed NO birds Allowed 1 month ago
in for a penny in for a pound at this point these boy have little choice, the have to pay the staff and and keep ben happy, even thoughhe keeps gumming up the works
👍️ 1
crazyflavor crazyflavor 1 month ago
Don’t think they’d throw good money after bad results
👍️0
valeria123 valeria123 1 month ago
Maybe… but at this phase we will all be old or lucky to see something materialise with this company. It’s been already 5 years alone since Ben did the bankruptcy, at this speed, it will take another 25 years to produce something…
👍️0
brooklyn137 brooklyn137 1 month ago
The new convertible debt is all from directors of the company. They should know more about what is going on than we do and this is a vote of confidence. In addition, it the new notes seem to be non-interest bearing. All this seems like good news. They will still have to raise money to build a plant, but at least director Kneppers.

And the convertible notes have a fixed conversion price so they are not toxic.
👍️ 3
valeria123 valeria123 1 month ago
A bit strange about the convertible debt a lot now
👍️0
valeria123 valeria123 1 month ago
A bit strange about the convertible debt a lot now
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brooklyn137 brooklyn137 1 month ago
The 10q came out on 8/8/24. It showed they have enough money to last the next few quarters. That may account for the volume increase.
It's available on otc markets.
👍️ 2
NewJerichoMan NewJerichoMan 1 month ago
Any news today or just some excited retail buyers in the neighborhood?
👍️0
valeria123 valeria123 1 month ago
I would assume Ben… call him and see what he says
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NO birds Allowed NO birds Allowed 1 month ago
so who know something
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NO birds Allowed NO birds Allowed 2 months ago
back yo .01 we go
👍️0
Jagman5 Jagman5 2 months ago
Good to know. Thanks for the info.

$BIOF
👍️0
valeria123 valeria123 2 months ago
Based on who Ben is and why he is here for so long, doing toxic financing, would be the stupidest thing he would do. So, if anything, I would say he would never do it. As much as I hate their progress and communication, I do not believe Ben would kill the company like this. He has a lot of skin in the game, so let's hope they get some real investment or JV or something.
👍️0
Jagman5 Jagman5 2 months ago
I also hope they don't do it via toxic financing. THAT will kill them.

$BIOF
👍️0
crazyflavor crazyflavor 2 months ago
Sounds like the Tech works. The concern is the same as always. Financing to buy a plant. Not cheap, I hope they don’t try to do that via dilution (at least not at these prices)
👍️ 1
NewJerichoMan NewJerichoMan 2 months ago
Now? It's always been a hit-or-miss play.
👍️0
valeria123 valeria123 2 months ago
Yes, I guess everyone is now looking for some moonshot miracle, as many have probably already written the loss off. It is either full loss, which is not much from these levels (especially for me anyways), or some miracle. The fact that management is not communicating anything is not helping at all. Anyways, best of luck to us
👍️0

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