BlueFire Ethanol Incorporated's (“BlueFire”) use of the Arkenol patented process positions it as the only viable, world-wide cellulose-to-ethanol company with demonstrated production experience with ethanol from wood wastes, urban trash (post-sorted MSW), rice and wheat straws and other agricultural residues.
BlueFire is established to deploy the proven Arkenol Process Technology (“Technology”) for the profitable conversion of cellulosic waste materials to ethanol. BlueFire is the exclusive North America licensee of the Technology for use in the production of ethanol for the transportation fuel market. BlueFire's goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities to provide a viable alternative to fossil fuels on a world-wide basis. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose in municipal solid wastes into ethanol.
BlueFire’s technology is extremely versatile, both in its ability to utilize a wide variety of feedstocks and in the end-products that it can produce. This versatility enables BlueFire to consider a wide variety of feedstocks and locations in which to develop facilities to become the lowest cost producer of ethanol.
With the research and development work completed, patent protections in place, the product markets researched, and several full-scale BioEthanol projects currently in various stages of development, BlueFire is uniquely positioned to become the world leader in the development, ownership and operation of these biorefineries. BlueFire has completed the arrangement of the major commitments necessary to proceed with final development of the First North American Waste to Ethanol Production Facility to be located in California.
"Since BlueFire technology has been in actual production for over four years in NEDO's pilot plant in Japan, we are well beyond the research and development stage of our business plan. In the last few months, we entered into joint venture discussions with several leading industrial companies, which we believe will result in the execution of definitive agreements to begin construction of biorefineries within the next few months. The average construction time for such biorefineries will last approximately 14 months, with commercial production and realization of sizeable revenues being generated for the Company by the end of the third quarter of 2007. Our first biorefinery under negotiation is capable of producing about ten million gallons of ethanol per year resulting in gross profits in excess of 40% of gross revenues. Subsequent facilities will be sized at 55 million gallons per year. Since our expansion plans are primarily designed around joint venture relationships, the Company can undertake the simultaneous construction of more than one biorefinery at a time. Our projections call for a minimum of 20 biorefineries to be in commercial production within the next 7 years in North America. As these joint ventures are finalized, we will announce them to our shareholders and the market."
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Outstanding Shares: 28,061,553 as of 3-28-08 prospectus
Estimated Market Cap: $116,500,000 approx @ 4.15/share
Authorized Shares: 100,000,000 as of 3-28/08 prospectus
Westcap Securities, Inc.
18201 Von Karman Ave. Suite 550
Irvine, CA 92612
Investor Relations Contact:
Liolios Group, Inc.
2431 West Coast Hwy. Suite #205
Newport Beach, CA 92663
Source: BlueFire Ethanol
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