Alliance BioEnergy Plus to sub-license technology to Colombia

June 30, 2016 |

In Florida, Alliance BioEnergy Plus announced it has received an LOI from Smart Business International Trading, S.A.S (Smart Business) of Bogata, Columbia for the purchase of an initial sub-license to install and use ALLM’s patented CTS cellulose conversion technology. A single plant sub-license carries a $5,000,000.00 sub-license fee plus a yearly royalty based on the plant’s gross sales, up to a maximum of six (6%), to be paid to Carbolosic for the duration of the sub-license.  According to the LOI, Smart Business intends to build this initial CTS plant with the capability of processing 1,000 tons a day of agricultural waste into sugars and other products for domestic consumption within Columbia. The terms of this sub-license agreement are in the process of being finalized, at which time Smart Business will be required to pay a deposit towards the total sub-license fee. 

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Category: Producer News

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