BlueFire meets DOE early requirements, invited to continue in part two
January 1, 1970
Posted November 12, 2009, at 9:24 a.m. CST
BlueFire Ethanol Fuels Inc., a company focused on changing the world's transportation fuel paradigm through the production of ethanol from nonfood cellulosic wastes, announced Nov. 12 that the U.S. DOE has determined that it has met the requirements of part one of the application process and that they have been invited to continue onto part two for the financing of their Lancaster, Calif., project.
The loan guarantee pursuant to this program would support the construction of BlueFire's "shovel-ready" commercial cellulosic biofuels plant planned for Lancaster. Under this program BlueFire has requested $56 million, which would be combined with other sources to provide sufficient capital for the project's construction and launch. BlueFire has completed the permitting process and is poised to break ground upon completion of the financing and loan guarantee agreements. The Lancaster facility is designed to convert post-sorted cellulosic waste materials diverted from southern California's landfills to produce approximately 3.9 million gallons of fuel-grade ethanol per year.
"We are honored and applaud the Obama administration and the Department of Energy for their continued support of the biofuels industry. We are very optimistic that the DOE will consider the enormous benefits of BlueFire Ethanol's technology during part two of this selection process," said Arnold Klann, CEO of BlueFire Ethanol. "It's programs like the DOE loan guarantee that enable first-of-its-kind technologies to be in a position to secure the necessary funding to move forward and help provide much-needed energy alternatives to petroleum."
BlueFire Ethanol recently announced its second commercial cellulosic ethanol plant location in Fulton, Miss. The project will allow BlueFire to utilize green and wood wastes available in the region as feedstock for the ethanol plant that will be designed to produce nearly 18 MMgy of ethanol. BlueFire expects to announce a third planned project facility in the near future.
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