Blue Biofuels, Inc. (BIOF)
Blue Biofuels, Inc. operates in the Chemicals - Specialty industry of the Basic Materials sector, headquartered in Palm Beach Gardens, FL, US. The stock last traded at $0.10, up 1.98% on the session, giving a market capitalisation of $33.1M. On trailing twelve-month figures it carries a trailing P/E of -10.51, a net margin of 0.0%. Its beta of 0.40 implies it has historically moved less than the broad market.
Blue Biofuels, Inc., through its various subsidiaries, is committed to developing sustainable solutions in the renewable energy, biofuels, and bioplastics sectors. A core innovation for the company is its proprietary Cellulose-to-Sugar (CTS 2.0) process, an advanced mechanical and chemical dry method that efficiently converts cellulosic materials into valuable sugar and lignin, destined for use in the biofuels industry. Furthermore, the company maintains a license for the Vertimass Process, enabling the conversion of ethanol into sustainable aviation fuel. Established in 2012, this Palm Beach Gardens, Florida-based enterprise was formerly known as Alliance Bioenergy Plus, Inc., adopting its current name, Blue Biofuels, Inc., in August 2021.
Blue Biofuels, Inc. is most often compared with the following Basic Materials names: