Bluefire Renewables, Inc. (fka BFRE)

[terry hallinan]

Hi, Richbob.

this can lead to non-American financing for BFRE, such as China, where discussions have been underway with Huadian and probably Chinese banks.

Chinese banks have a big interest in financing green energy initiatives for their ancient enemy's desperate need for green energy when China itself is suffocating on poisoned land and water from its own development?

Anything is possible but just maybe South Korea has its own interests in mind:

Korea imports over 97% of its energy from overseas suppliers. Due to its high dependence on foreign imports, Korea is susceptible to fluctuations in energy prices and supplies, highlighting vulnerabilities in energy security. As a result, Korea launched a “low carbon, green growth” strategy in 2008, aimed at reducing greenhouse gas emissions, strengthening energy independence, and maintaining sustainable economic growth.

http://www.thegabi.com/renewable.php

One interesting project involved converting sewage to fuel and/or fertilizer that may have been killed by technical glitches. There are no gravestones but no progress reports either.

So how's it going otherwise?

The 2012 review is now available for free download. See also Executive Summary and Table of Contents.

Korea, the world’s thirteenth-largest economy and the seventh-largest exporter, is an energy-intensive nation. In 2008, the country adopted a long-term “green growth” strategy to foster economic development by means of low-carbon technologies and clean energy; since then, the government has implemented many policies to support these goals.

http://www.iea.org/countries/membercountries/republicofkorea/

I must shamefully report that my eyes get overly tired reading government reports on how swell they are doing so I am forced to make things up.

My guess is that there was a reason BFRE suddenly chose Korea for a new initiative. While South Korea is no economic powerhouse, it is rather well situated to do for itself compared to others - and has far more reason than most to do so.

Best, Terry