HMONNY, Bluefire is definitely NOT a scam. They have prepared a plant site in Fulton, MS, and have various deals set up for raw materials and selling ethanol,etc., whenever the plant gets built. The only remaining issue is the final 10% of financing($30M), which the DOE had original planned to contribute, but later reneged on their promise due to Bluefire missing a reporting deadline.
I know Pres. Arnie Klann is a very honest and credible man, and that he is still working with more than one possible source to give or lend them the remaining funds. Once that is secured, they should be ready be begin working on building the plant for cellulosic ethanol production from timber products.
