Invizyne Awarded Additional $3.77M Grant From U.S. Department Of Energy
Portfolio Pulse from Benzinga Newsdesk
Invizyne Technologies, a company from MDB Capital Holdings (NASDAQ:MDBH), has received an additional $3.77 million grant from the Bioenergy Technologies Office within the U.S. Department of Energy. The grant will be used to demonstrate Invizyne's cell-free production process for making isobutanol from plants in an energy-efficient manner. The global sustainable aviation fuel market, which includes isobutanol, is expected to grow at a compound annual rate of 52.2% to reach $27.4 billion by 2032.
October 11, 2023 | 3:16 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
MDB Capital Holdings, which Invizyne Technologies is a part of, may see a positive impact due to the additional grant received by Invizyne. The grant will be used to further develop Invizyne's cell-free isobutanol production, a potential game-changer in the growing sustainable aviation fuel market.
The additional grant received by Invizyne Technologies, a company under MDB Capital Holdings, signifies the potential of its cell-free isobutanol production technology. This could lead to increased investor confidence in MDB Capital Holdings, potentially driving its stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80