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
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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.
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