WEST PALM BEACH, Fla., June 14, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is pleased to announce that with the senior science officers of a large U.S. ethanol producer present, the CTS process produced fermentable sugars from Distillers Grain (DDG) as a result of a series of controlled tests, repeated over several days. Samples were taken back to the Ethanol Producers world-class laboratories and through normal industry standard chemical analytics, the Ek Laboratories results were validated and fermentable sugars were confirmed present. “This validates all of the hard work our team has put in over the last several months getting this never before used DDG feedstock ready for prime time,” said Alliance BioEnergy CEO Daniel de Liege.
Over the next few weeks the Company will further optimize the process while preparing for its final round of pilot scale tests with the aforementioned ethanol producer, which will focus on the recyclability of the various components that makeup the CTS process.
In addition, the National Renewable Energy Laboratories (NREL), a national laboratory of the Department of Energy has offered to provide techno-economic analysis (TEA) and life cycle assessment (LCA) for the CTS process. These critical tools in the biofuels development calculates the minimum fuel selling price (MFSP) using process and economic modeling. The process model solves mass and energy balances for each unit operation and the economic model estimates capital and operating costs from the process model based on economic assumptions. The NREL will develop TEA models for assessing the evaluated pathways for producing hydrocarbon fuels and chemicals from biomass. The NREL has also offered to provide complete life cycle assessments (entire supply chain or “field-to-wheel”) to evaluate a process with respect to required GHG reductions and other environmental metrics.
The NREL is the Gold Standard in Biomass, feedstock analytics and process certification. Having this organization offer to provide so many services, speaks to the CTS process and its growing acceptability within the renewable energy sector.
A reminder that the Annual Shareholder meeting takes place June 15, 2016 at the West Palm Beach Marriott located off Australian Avenue, at 2:00pm EDT. All registered and Beneficial shareholders are welcome to attend. Kindly vote your proxy statement prior to attending the meeting at WWW.PROXYVOTE.COM. Enter the 16-digit number on the front of your statement, next to the arrow, and then vote for the issues and press submit. It’s that easy.
About ALLM:
Alliance BioEnergy +, Inc. (“ALLM”) is a publicly traded company focusing on the commercialization and licensing of a patented cellulose conversion technology that it controls through a master license agreement with the University of Central Florida. ALLM’s subsidiary, AMG Energy Group, LLC (“AMG”), owns 50% of Carbolosic, LLC, in a joint venture with Thor Renewable Energy Singapore. Carbolosic holds the exclusive, worldwide license to three (3) issued patents and fifteen (15) filed and pending patents revolving around the core CTS (cellulose to sugar) technology. ALLM also holds the exclusive CTS rights to North America (Canada, US, and Mexico) and Africa.
The CTS process is the only known patented, dry mechanical process that can convert virtually any cellulose material into sugars and other products in a matter of minutes with no liquid acids, no applied heat, pressure or hazardous materials of any kind. The CTS process when used in the production of Ethanol is clean, less expensive to build and operate than traditional ethanol plants or other cellulose ethanol technologies and is completely environmentally friendly.
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 words "forecast", "anticipate", "estimate", "project", "intend", "expect", "should", "believe", and similar expressions are intended to identify forward-looking statements. These forward-looking statements involve, and are subject to known and unknown risks, uncertainties and other factors which could cause Alliance BioEnergy Plus, Inc. actual results, performance (financial or operating) or achievements to differ from the future results, performance (financial or operating) or achievements expressed or implied by such forward-looking statements. The risks, uncertainties and other factors are more fully discussed in Alliance Media Group Holdings, Inc’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.