A Florida company is going to build 56 cellulosic ethanol plants. Alliance BioEnergy Plus, Inc. struck the deal with construction company Renewable Resources Development of America, LLC (“RRDA”) to build the plants both domestically and abroad using Alliance’s patented CTS technology.

It is anticipated that the first CTS plant, under the agreement, will be located in central Georgia, breaking ground this fall and will process up to one thousand metric tons a day of agriculture and forestry waste. RRDA is in advanced negotiations with local municipalities and expects to be fully operational by the second quarter of 2016.

In addition, RRDA and the Company have entered into an agreement whereas RRDA will invest $4 million into the Company in exchange for a 10% ownership stake in the Company, 2 million warrants and a license to the first commercial plant to be built by RRDA in Vidalia, Georgia.

Alliance officials say the first commercial plant is being designed and will be up and running early next year.