Blue Biofuels Inc. (OTCMKTS:BIOF) Announces the Appointment of Chris Kneppers to its Board of Directors

Blue Biofuels Inc. (OTCMKTS:BIOF) announced the appointment of Chris Kneppers, age 72, and a 5% shareholder, to fill a vacant seat on its Board of Directors, on September 28, 2022. He has over 40 years of experience in the construction industry in numerous engineering disciplines with a focus on cost estimating.

Trading Data

On Wednesday, BIOF soared 0.12% to $0.1692 with more than 95.71K shares traded, compared to volume of 244.41K shares. The stock moved within a range of $0.1610 – 0.1692 after opening trading at $0.1690.

Blue Biofuels Appoints Chris Kneppers to Board of Directors

Mr. Kneppers was educated in South Africa as a Mechanical Engineer. His experience includes involvement in a wide range of projects, including large civil works, diesel generation in power stations, and solar electric installations. He was one of the Principals of MKA International Inc. and has been involved as Vice President and a Director in its day-to-day operations and development since 1989.

Mr. Kneppers recently stepped down from his position as Vice President and still serves as a Board Member of MKA. His role in his 33 years with MKA included establishing and developing offices, attracting and growing a client base, along with facilitating various technical disciplines within the company to address the needs of MKA clients.

Blue Biofuels’ management is confident that adding Mr. Kneppers to the Board of Directors is an excellent decision due to his construction management skills and experience and worldwide network of individuals and entities that could be utilized to facilitate the development and expansion of the company’s business.

Technical Data

BIOF stock is trading below the 20-Day and 50-Day Moving averages of $0.17 and $0.18 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.19. The company has a total market capitalization of $47 million.