Alliance BioEnergy, Inc, (PINK: ALLM) is a publicly traded company, that emerged from Chapter 11 bankruptcy on September 19, 2019. In late 2017 and early 2018 Alliance developed a new and improved technology system that converts any cellulosic material – grasses, wood, paper, farm waste, yard waste, forestry products, nut shells, and the cellulosic portion of municipal solid waste – into biofuels and bioplastics that is far more efficient in its use of energy, its conversion speed, and its conversion efficiency, than the first generation process that Alliance exclusively licensed from the University of Central Florida. We call the new system the CTS 2.0 process, where CTS stands for Cellulose to Sugar. The cellulose is converted into sugar and lignin. The sugar is further converted into bio-ethanol and other biofuels; the lignin is further converted into bioplastics. This new technology made it worthwhile to financially restructure the company through Chapter 11.
Competitiveness of Our Technology
Alliance’ CTS 2.0 is a mechanical-chemical process that, unlike other cellulosic conversion processes, does not use any expensive and slow converting enzymes in the conversion of cellulose into its components of sugar and lignin. We use a very inexpensive catalyst that is recycled.
CTS 2.0 is environmentally friendly: 100% renewable, 100% recycled water, no toxic chemicals, and an almost zero carbon footprint.
Alliance expects to be able to produce cellulosic ethanol using CTS 2.0 at a significantly lower cost than any other cellulosic process and even at a lower cost than ethanol from corn due to the fact that our feedstock (either tall grasses or waste product) is much less expensive than corn.
In addition, Alliance is actively exploring other “green” or renewable technologies that are beyond the development stage for possible acquisition or strategic partnerships.
An interview of our CEO, Ben Slager, describes our Company and its goals here.