Alliance Bioenergy Plus Announces Exclusive Brokerage Agreement with Progressive Fuels Limited

Partnership Will Bring Alliance BioEnergy Plus Products to the Global Cellulosic Ethanol, RINs and LCFS Market

WEST PALM BEACH, FL / ACCESSWIRE / October 24, 2017 / Alliance BioEnergy Plus, Inc. ALLM, whose patented cellulose-to-sugar (CTS) conversion process will revolutionize the production of fuel, chemicals, pharmaceuticals, and agricultural and industrial products, today announced an exclusive brokerage agreement with Progressive Fuels, Ltd. ("PFL"), a premier independent interdealer broker in the wholesale physical biofuel, agriculture, CCA, Renewable Identification Numbers (RIN) and Lower Carbon Fuel Standards (LCFS) markets. The agreement is for five (5) years and will automatically renew at the end of the initial term or any renewal term for successive one-year terms.

The price of cellulosic fuels reached $4.33 per gallon in California in June 2017, an increase of 15.7 percent since the January 2016, and the global cellulosic ethanol market is expected to reach $18B by 2021, based on CAGR of 45 percent. ALLM can produce cellulosic ethanol for less than $1 per gallon, which is equivalent to less than $18 per barrel of oil.

"We're pleased to announce our partnership with Progressive Fuels Limited, a respected leader within the fuels industry," said Daniel de Liege, President and CEO of Alliance BioEnergy, Inc. "PFL has the expertise, industry relationships and market logistics to help us to vastly expand the our sales channel for our cellulosic fuels. The global market for more environmentally friendly biofuels is growing exponentially, and this agreement is another step in our effort to become an industry leader."

"We are proud to be named the exclusive broker for Alliance BioEnergy's cellulosic fuel products," said Curtis Chandler, President of Progressive Fuels Limited. "Alliance BioEnergy's CTS conversion process sets it apart in a marketplace which is in the midst of incredible growth - the company produces high-quality ethanol at a lower price point without sacrificing its environmental benefits. We look forward to increasing their market share during this exciting era in the biofuel industry."

About Alliance BioEnergy Plus, Inc. (ALLM)

Founded in West Palm Beach, Florida in 2012, Alliance BioEnergy Plus, Inc. focuses on technologies in the renewable energy, biofuels, and new technologies sectors. The company holds license to the patented technology CTS, a mechanical/chemical dry process for converting cellulose material into sugar for use in the biofuels industry and in other fine chemical manufacturing. Alliance Bio-Products, Inc. was formed as a special purpose wholly-owned subsidiary of Alliance BioEnergy Plus, Inc. ("ALLM") to own and operate Bioethanol plants in the United States.

Alliance intends to retrofit existing and/or closed ethanol plants with the mechnocatalytic cellulosic conversion process, transforming them into profitable renewable energy centers that are carbon-neutral and waste-free, protecting our delicate environment while providing energy and high value co-products. The CTS process enjoys a family of patents centered around U.S. patent #8,062,428, which is secure through 2032: to date there are four (4) issued patents and fifteen (15) filed and pending patents held by the University of Central Florida and licensed to ALLM's affiliate under a long-term, exclusive worldwide license agreement.

About Progressive Fuels Limited

PFL is an independent interdealer broker in the wholesale physical biofuel, agriculture, CCA, RIN, and LCFS markets. PFL offers a broad range of specialist services to trading professionals, including the matching of buyers and sellers in the over-the-counter (OTC) markets. PFL is client focused, innovative, driven and responsive. PFL's team of market specialists consistently strive to provide unrivaled voice brokerage services, up-to-the-minute market information, timely execution of transactions, and efficient post trade services for our clients.

PFL has more than 100 years of combined experience in the North American and the European energy sectors. The principles are pioneers in developing new energy markets and growing existing ones. PFL has a track record of success that is built on solid relationships. For more information, please visit the Progressive Fuels Limited website.

Information in this document constitutes forward-looking statements or statements which may be deemed or construed to be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The risks, uncertainties and other factors are more fully discussed in the Company's filings with the U.S. Securities and Exchange Commission. All forward-looking statements attributable to Alliance BioEnergy Plus, Inc. herein are expressly-qualified in their entirety by the above-mentioned cautionary statement. Alliance BioEnergy Plus, Inc. disclaims any obligation to update forward-looking statements contained in this estimate, except as may be required by law.

Media contact:

Matthew Bretzius
FischTank Marketing and PR
matt@fischtankpr.com

Investor Relations Contact:

Michael Porter
Matthew Abenante
Porter LeVay & Rose Inc
7 Penn Plaza
New York, NY 10001
mike@plrinvest.com
212-564-4700

SOURCE: Alliance BioEnergy Plus, Inc.