Alliance Bio-Products gets green light from USDA to buy the former IneosBIO facility

In Florida, Alliance Bio-Products, Inc., a subsidiary of Alliance BioEnergy Plus, Inc. announced it has received approval from the United States Department of Agriculture (USDA) Office of Rural Development for the collateral purchase of the closed ethanol facility in Indian River County, Florida. The approved purchase includes the fully functional plant, 143+ acres that the plant resides on, and all related equipment and vehicles.

The company made an offer to purchase the 8MMGY ethanol facility with the intention of converting the current process into its patented Cellulose to Sugar (CTS) process under an agreement with Alliance BioEnergy. By renovating the plant and utilizing a state-of-the-art fermentation and distillation system already in place, and with an abundance of free feedstock available, Bio-Products believes it can increase production capacity and profitability of its sustainable, environmentally friendly alternative to petroleum-based fuels and other products. The plant also sits on a large parcel of land that would allow Bio-Products to expand as demand increases.