BFI was founded to develop multiple biomass-to-liquid fuels projects using a recently developed technology to convert many forms of biomass to high hydrogen content gas and liquid fuels. A number of opportunities have been identified to produce a “drop-in” diesel equivalent from a variety of cellulosic feed stocks and BFI is actively working to develop projects. Further research is ongoing to leverage the value of biochar by-products and diversify from producing diesel to higher value-added products.