Bluefire Renewables, Inc. (fka BFRE)

[Mr Pennypacker]

CHECK THIS OUT:::This PR paved the way nicely for the $270 Mil LOI PR. Notice the words used by Klann and more importantly, the executive VP of CTG, ONE OF THE LARGEST COMPANIES IN THE WORLD.

IRVINE, Calif. and BEIJING, Oct. 8, 2014 (GLOBE NEWSWIRE) -- BlueFire Renewables, Inc. (OTC:BFRE), a company focused on changing the world's transportation fuel paradigm through the production of renewable fuels announced that it has finalized and signed a new Master Engineering, Procurement and Construction (EPC) contract for its planned cellulosic ethanol facility in Fulton, MS. The contract is with the China International Water and Electric, subsidiary of China Three Gorges Corporation (CTG), one of the world's largest companies and China's largest renewable energy company.

"This contract is truly the first of its kind in the United States," stated Arnold Klann, CEO of BlueFire Renewables, Inc. "It not only provides the backing of a large multinational company with the expertise to manage the execution of the construction of the facility but also sets up a cooperation blueprint for BlueFire and China Three Gorges to work together on other projects and financing. The Master EPC structure will utilize a US based EPC Contractor to be the onsite engineering, procurement and construction team using local suppliers and craftsmen generating much needed local revenues for Itawamba County and the surrounding region."

The contract is to provide cost savings by leveraging China Three Gorges' relationships and experience to complete the Fulton project. CTG was responsible for building the largest hydro electric dam in the world that went into operation in 2008 as well as other energy and infrastructure projects globally.

-----Read this statement closely---- EVP's of multi-billion dollar companies say what they mean and mean what they say.
His statement gives uber-credibility to Bluefire:

"CTG's support of this important commercial project is consistent with China's goals to advance the use of non-food biomass to produce renewable fuels, power and chemicals in cooperation with the U.S. all the while helping the environment," said Lin Chuxue, Executive Vice President of CTG. "We see this relationship with BlueFire and Arkenol as an important step in bringing renewable cellulosic fuels and chemicals to China's burgeoning marketplace. We will be the leader in bringing China clean and renewable energy that reduces the nation's carbon footprint significantly and creating jobs both in the United States and China."


Klann stated that this contract provides BlueFire a pathway for financing solutions in the US and opens opportunities in China. "With a seasoned team from a company like China Three Gorges now involved with the project, it opens the door to financing opportunities in China previously unavailable to us." said Klann.

Hmm Pathway for financing solutions in the US (US Grant money, US investors) and opens up opportunities in China (China EXIM Bank)

The companies will continue to work together to identify other opportunities and to cooperate on a global scale.

The Fulton, MS project will allow BlueFire to utilize green and wood wastes available in the region as feedstock for the ethanol plant that is designed to produce approximately 19 million gallons of ethanol per year.

This PR, along with the LOI PR, could end up being one of the most important, yet overlooked, under-the-radar PR's in the history of the OTC.

In my opinion, of course. Its all just a matter of time - GIDDYYUUPP BFRE $$$$$$$

- See more at: http://globenewswire.com/news-release/2014/10/08/671623/10101779/en/BlueFire-Renewables-Signs-Master-EPC-Contract-With-Subsidiary-of-China-Three-Gorges-Corporation-for-Fulton-MS-Cellulosic-Ethanol-Facility.html#sthash.Al4nsaQN.dpuf