BLUE BIOFUELS Business Summary

Blue Biofuels, Inc. (BIOF) is a Florida-based cleantech company that generates revenue through the production and sale of renewable fuels, primarily cellulosic ethanol and sustainable aviation fuel (SAF). The company utilizes its proprietary, patented Cellulose-to-Sugar (CTS) technology—a mechanical-chemical dry process—to convert non-food biomass such as king grass, sugarcane bagasse, and corn stover into soluble sugars for fermentation. Its business segments are divided into Biofuel Production, which includes a joint venture (VertiBlue Fuels) for producing renewable gasoline (VertiGas20), and Lignin/Bioplastics development. As of early 2026, the company is transitioning from pilot-scale validation to commercial operations, having secured a 35.5-acre site in Frostproof, Florida, for a facility designed to scale up to 200 million gallons of annual production. Blue Biofuels competes directly with established renewable energy firms such as Gevo, Inc., Aemetis, Inc., and Green Plains Inc., positioning itself as a low-cost, high-efficiency alternative by eliminating the expensive enzymes and high water usage required by traditional cellulosic conversion methods. The leadership team is headed by Chairman and CEO Benjamin Slager, an MBA with over 25 years of experience in commercializing innovative technologies across the green energy and pharmaceutical sectors. He is supported by CFO and Director Anthony Santelli, Ph.D., a former Accenture consultant and founder of AES Capital with a deep background in venture capital and energy finance. The technical division is led by Engineering Director and CTO Kevin Hissem and Vice President of Technology Eric Libra, Ph.D., who oversee the scaling of the CTS platform. The company’s board includes notable members such as Chris Kneppers, appointed in late 2025, and Ned Burke, a veteran financier. While the company remains largely management-owned, it has recently validated its technology through a Phase 2 Small Business Innovation Research (SBIR) grant from the U.S. Department of Energy, which concluded in October 2025.