Alliance BioEnergy forms subsidiary

The renewable energies technology firm Alliance BioEnergy Plus Inc. (ABE), West Palm Beach, Florida, has formed a new subsidiary called Central Florida Institute of Science and Technology Inc. (CFIST), which the company says will operate a commercial scale demonstration plant for ABE’s mechanical/chemical technology (CTS). The plant, presently under construction in Longwood, Florida, is expected to be operational by the first quarter of this year.

The facility is expected to be a profit center for ABE through the sale of CTS products and other chemicals manufactured through testing and optimization.

CFIST will also oversee the design, engineering and construction of CTS plants both domestic and abroad while providing the important management and quality control for CTS in all applications.

ABE’s subsidiaries focus on a range of emerging technologies in the renewable energy sector, including biofuels. ABE owns a 50 percent interest in Carbolosic Research LLC, which holds the exclusive, worldwide license to the CTS. The technology, developed by the University of Central Florida, is designed to produce sugars, various chemicals, plastics, carbon fibers and other products from virtually any plant material, wood or paper by product, fruit casings or biowaste.

Through these subsidiaries, ABE holds the exclusive worldwide license to proprietary intellectual property, in the form of patents and patents pending, in the biofuels and fine chemicals industries.

CFIST also plans on exploring alternate pathways for the CTS process while evaluating other relevant technologies for possible acquisition or licensing.