WEST PALM BEACH, Fla., April 19, 2016 (GLOBE NEWSWIRE) -- Alliance BioEnergy Plus, Inc. (OTCQB:ALLM) (the "Company"), is pleased to release the results from its most recent testing of corn ethanol Distillers Grains (DDG) and Corn Kernel fiber that has been conducted at its laboratories and pilot facility, Ek Laboratories.
The tests have been part of the Company’s mission to develop and build a Bolt-On cellulosic ethanol solution in conjunction with Harvest Technology’s CoPro Max separation unit that will allow existing corn ethanol plants the ability to process their own distillers grains and corn kernel fiber into cellulosic ethanol, thus adding millions of additional gallons of output a year At No Additional Material Cost.
Steady State testing has shown that the corn kernel fiber is one of the most ideal feedstocks when used in the CTS process and converts nearly 100% of the available sugars in as little as 12 minutes. When combined with the CoPro Max system (a typical 100mmgy corn ethanol plant), the CTS process adds nearly 12 million gallons of cellulosic ethanol to the plant and recovers most all of the highly valuable corn oil and proteins, from the left over distillers grains. The sale of the additional ethanol, corn oil and proteins as well as cellulosic credits can translate into an increase of nearly $48 million to the bottom-line of a typical 100mmgy corn ethanol plant.
Because no outside feedstock is needed, there is no need for expensive material handling or pretreatment processes. Additionally, the logistical challenges and costs usually associated with transporting thousands of tons a day of sourced feedstock is eliminated.
The combined CTS/CoPro Max system allows an existing Corn Ethanol plant entry into the mandated cellulose ethanol market for a low capital expense with the ability to expand and add outside feedstocks, if that is what the company desires. More importantly, it transforms a typically low yield revenue source (the distillers grains) into a high-value profit center.
The Company intends to build and install the first unit in an existing ethanol plant this year and begin marketing the combined unit to the more than 200 ethanol plants in the U.S. by the 4th quarter of 2016. With the various revenue sources available to the Company through the combined process, each installation of a unit at an existing ethanol plant can potentially translate into the addition of millions of dollars in yearly recurring revenue added to the Company’s bottom-line.
About ALLM:
Alliance BioEnergy +, Inc. (“ALLM”) (OTCQB: 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 constitutes 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.