World Energy agrees to buy ethanol and SAF

Blue Biofuels has signed a Memorandum of Understanding with World Energy Sustainable Products, for World Energy to purchase the finished products produced by Blue Biofuels and all their applicable environmental and tax attributes, including ethanol and sustainable aviation fuel.

Blue Biofuels will register the various finished products with the relevant regulatory agencies such that the finished products will qualify for use and any available credits. A final definitive agreement is expected to be reached before Blue Biofuels completes the buildout of its semi-commercial facility.