Monroe1, I do not see China Three Gorges Co. buying BFRE, since they wanted Bluefire to take all the risk first, and prove out the Fulton plant before they were willing to risk building their own plants using the Arkenol technology. The Chinese EXIM Bank was willing to make a $270M loan to Bluefire, but then Arnie Klann was still responsible for coming up with the remaining $30M they estimated was needed to begin building and staffing the plant. It seems no Chinese Company was willing to loan or grant that remaining amount, and as you know, the US DOE reneged on their original grant to provide that.
I know that Arnie Klann has been to Washington, presumably to speak with the new DOE Administration, but we have not heard of any favorable results from that.
I just hope now they may be speaking with another energy or related company in the US to maybe purchase Bluefire and build their own cellulosic plant using the Arkenol process?
We all await the next news from them, and hope it comes fairly soon?
