Blue Biofuels is a pre-revenue technology company developing a process to convert cellulosic materials — grasses and agricultural waste — into biofuels, including sustainable aviation fuel (SAF), cellulosic ethanol, and bio-gasoline. The company's core technology is its patented Cellulose-to-Sugar (CTS) process, which mechanically and chemically breaks down cellulosic feedstocks into fermentable sugars that are then converted into ethanol. Blue Biofuels also licenses the Vertimass process, which converts ethanol into SAF and bio-gasoline. Together, the two technologies form a three-step chain from raw feedstock to finished fuel. Blue Biofuels completed a pilot plant in 2023 and is working toward its first commercial facility, though construction has not yet begun and project financing has not been secured. The company's planned business model relies on selling biofuels alongside a stack of government credits — including D3 RINs under the EPA's Renewable Fuel Standard, Section 45Z Clean Fuel Production Credits, and state-level Low Carbon Fuel Standard credits — which management argues will make cellulosic biofuel production more profitable than conventional corn ethanol. In January 2024, Blue Biofuels formed a 50-50 joint venture with Vertimass, called VertiBlue Fuels, targeting a Florida-based SAF facility with initial capacity of 10-25M gallons per year. Beyond its first plant, Blue Biofuels plans to expand through additional U.S. facilities, international licensing of CTS technology, and joint ventures with foreign partners.