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Very good indeed! I hope now they have the means to begin making lots of TransLocks!
Ok, a lot of good news is out: More buying should start tomorrow and next week!
High Velocity, I think Chuck's implication about penny investments being successful was, "right on", and could well include DDCC.
Also, Kim Clement hinted a couple years ago about a good investment that had something to do with a double crown, or words to that effect.
Couldn't find anything about this on their website?
There is specific money mentioned here, meaning a lot of discussion and decisions have already been settled, regarding details and prices of materials, shipping, etc.
We should be hearing more about this fairly soon now, IMO.
Just noticed a new item on the Google Finance site for BFRE: Institutional investors now own 8% of the company's stock! [:^)
Don't understand the low volume and lower price after this very encouraging news that foretells more to come, and probably soon!
AND, UP 35% already on the increased volume! [:?)
We accept your apology, ArchLab7, and understand your caution on investing in Bluefire. My interest is based to a high degree on Arnie Klann's tenacity, and faith in his technology developed at Arkenol, and tested in Izumi, Japan.
The question of total financing for their Fulton plant, upon which apparently will hinge many future plants in China( owned by China Three Gorges) and the US(Bluefire plants), should be known in the next few weeks or months. I see this as the, "GO, or NO GO" question for Bluefire's future as a significant cellulosic ethanol producer.
I notice the announcement is for a South American customer. DDCC already is an international company! [:^)
Yeah, it seems strange why they need to be so secretive. Probably fear of others stealing their technology, or markets?
I searched GS Caltex' website, but only saw cellulosic ethanol listed as a future goal! Absolutely no details about any cooperative venture with Bluefire. Still, it has been long enough now, and without any financing issues, since I understand the plants will belong to Caltex, and not Bluefire, so I would expect their first plant to be operational and refined as needed, by now.
Just for the record, the original intent for the Fulton cellulosic ethanol plant was to produce and sell ethanol. While this plant may be considered a "prototype", for the purpose of building multiple additional plants, we have not heard any indication it would not be used to fulfill the original purpose Bluefire first indicated.
Secondly, while very little reporting has been done( or allowed) regarding the Bluefire agreement with GS Caltex in Korea, I feel quite sure they must have at least one plant using Bluefire's technology in operation by now. If so, THAT could also serve as a commercial "prototype" plant, at least for Caltex and Bluefire personnel. That information would not be available to others because of the reported non-disclosure agreement.
With this exciting news, DDCC stock should be UP, not DOWN 13%. [:^(
Yes, it is obvious that a lot of savvy thought has been engineered into this improvement, that makes the TransLock(2) a truly unique invention, that should become the pre-eminent materials shipping contain around the world.
Now, let the approvals and fast construction begin!
Correction: Bluefire's early plant was in Izumi, Japan. Sorry for that mistake.
My optimism is based on a combination of observing Arnie Klann's tenacity/character, the earlier success of the Isuzi plant, which was the real prototype plant for the concentrated acid hydrolysis sucrose(and ethanol) technology, and finally, seeing how serious the Chinese are to use this technology to solve multiple needs in China.
Even though reference has been made of Fulton being a prototype plant, there is every indication it will be used to sell its 19 mgpy ethanol production. I recall Bluefire reported earlier they had tentative agreements with both suppliers( lumber companies, probably), and customers for the ethanol end-product.
I think they are still working on additional required financing needed to begin operations on a commercial basis. The Chinese are probably cooperating in that process.
The game-changer in this company is the high interest in its technology by a major Chinese company, and the China EXIM Bank. Without that, and the apparently successful plant(s) in Korea, Bluefire may well be on its last legs.
No other cellulosic ethanol producer has such interest from another country, and the advantages and need for this process seem to be growing with every piece of waste that is thrown out in many nations, but especially in China.
Therefore, I am very optimistic Bluefire/China three Gorges will find a way to succeed, as they work out final details in financing for the prototype plant, to be built in Fulton, MS.
Once that is financed, built and found successful, financing for additional Bluefire plants in the US should become much easier. China Three Gorges would, presumably, finance their own plants in China, using Bluefire's technology.
I have heard they have been in touch with the Commerce Department too, but not necessarily about financing.
Let's just be expecting a good final financing outcome, whether with or without the DOE, since the Chinese companies, mainly China Three Gorges, have a big, and I think growing interest in getting on with the Fulton plant. A number of future cellulosic plants, both in China and the US, is dependent on seeing success at Fulton! I for one, think it's success probability is very high, due to the early Bluefire trials in Isuzi, Japan, and the Korean plant(s), which have not been discussed due to a non-disclosure agreement with G.S.Caltex, but must be successful by now, or Bluefire would not still be pursuing more cellulosic plants, IMHO.
Wonder if we may be close to a positive announcement, and the news is starting to leak out? [:^)
That post about September was made before it was known the DOE had decided to refuse BFRE's appeal.
Assuming that Arnie Klann and company are now, or soon will be, talking with the Chinese companies again, fresh news could come at any time now.
I heard from Tricia again, who said she cannot say anything specific until it is announced publically, but she confirmed that multiple deals were still being worked out with potential customers.
You're probably right! Pending/leaking good news would likely already be bringing more buying than last Friday.
However, one of these days there will be some positive news, IMHO, and that should cause quite a rise in buying and price.
Two of three purchases produced a significant upmove: You think somebody knows good news is coming???
Crudelover, maybe Richard and Arnold are both in China now, winding up the final piece of financing for Fulton? [:^)
I still think the Chinese want this about as much as Bluefire does!
In multiple markets, really, and I am expecting multiple contracts to be written later this year! They might also be able to sell patent rights to other shippers for additional profits.
Wouldn't it be something if they actually discovered a whole field of Gold "nuggets" around this size in their gold property in Canada? [:^)
It is a good bet that Arnie Klann has already been talking with his partners at China Three Gorges, about how/where to obtain the remaining financing. Just because they have not yet announced anything new, does not mean something isn't being worked out, even now! Remember, the Chinese have increasing interest in cellulosic ethanol, for multiple good reasons.
SucreSource probably won't do much until the Fulton plant has proven beyond the shadow of any doubt that Bluefire's technology of producing Sucrose( the cellulosic product that is then converted to any number of chemical products, including ethanol) is proven to be completely satisfactory.
We don't know much about the Korean venture, since they have a non-disclosure agreement. That could possibly involve SucreSource in their agreement, in which case the Korean Company would then need to convert the cellulosic sucrose to whatever final product they want, using their own conversion process. I believe that Korean venture has been successful, otherwise I don't think Bluefire would have continued working with the Chinese venture so diligently.
Bluefire has not lost yet! They already have a $270 million loan tentatively secured, and I believe are working out terms now for the remainder to build Fulton plant. Probably all financing now will come from China, since they have a strong desire to get into cellulosic ethanol, big-time!
That's good to hear, Scout: Keep it up! [:^)
Let's hope our management is aware of this, and in touch with the Canadians for considering the new Translock2 system?
Biglued, you are probably right, but they can do a lot of demonstrating with only one. Hopefully, they can make another one or two fairly quickly when more than one potential users want some trial shipments.
Spidaman, it's a shame the US Gov., whether through the DOE or any other agency, has not fully committed to building one plant using the Bluefire technology! I think the disaster with Solyndra has had a negative effect on their optimism on cellulosic ethanol.
BFRE has essentially already proven out their technology from their Izumi, Japan experience, and the economics were also good, since the cost of many cellulosic raw materials is much lower than the price of corn. The main cost issue is the price of actual plant construction, which remains a huge problem for a start-up company like Bluefire.
Now, it seems the US Gov. is basically out of the picture, unless past DOE grant funds will somehow hinder things. We will need to wait and see about such issues. I do believe that Bluefire is still going to succeed, and the Chinese companies and Gov. should have enough desire from their own national interests to work out a complete financial arrangement with Bluefire to fund the Fulton plant.
IMHO, the total success of Fulton is needed by both Bluefire and the Chinese to pave the way for multiple plants in both countries. I also think Fulton WILL be successful, and after it has been built and producing for a short time, there should be much planning and financing of additional plants in both nations.
That would be good to know. We were told that a big order of flatbeds cost around $10,800 per unit. The new DDCC container is much smaller ( 4 fit on a flatcar, I think), but they seem to have much more mechanical devices, etc., so I would guess they may come close to the flatbed cost, especially if only made in small quantities!
That may be true, but the new Translock2 system can not be lab-tested! It will likely need to be used on a trial basis, until the user decides they will benefit from it. In order to do that, a few containers need to be manufactured. Does anyone know how many Translock2 units have been made, and if potential users are checking them out yet?
Wonder if they are talking with some cash-rich potential customers who could provide advance funding, to be paid out of future business payments to DDCC, or something along those lines?
HUH? The only significant thing now is whether or not Bluefire will be able to obtain the remaining pieces of their financing structure, in order to go ahead with the building of the Fulton plant!
With China having apparently decided to go ahead with waste-consuming cellulosic ethanol( and other chemicals, as needed and available from sucrose), it is very likely, IMHO, that the remaining financing will now also come from somewhere in China, now that the DOE is out of the picture.
The Chinese may need to see an efficient-running full-size plant at Fulton, before they engage in multiple plant construction, even though the Isuzi experience in Japan pretty well established the viability of the concentrated (strong) acid hydrolysis cellulosic ethanol process.
Increasing the number of flatbed rail cars will obviously increase the capacity to ship the Translock2 containers. I only wonder if different companies will make the Translock2 than those who produce the rail cars, and are already busy manufacturing them?
That's $10,792 per unit. Hope there is some production capacity left at wherever DDCC plans to buy their Translocks!
Expecting good news sooner than later! [:?)
Bob, I tend to agree with most of your comments. We do, however, need to recognize that management must wait for potential customers to do their planning/evaluation, etc., before they are willing to sign long-term contracts, and otherwise provide the means by which DDCC can then make positive announcements.
I am really surprised the DOE didn't try to reverse some of the bad deals they had gotten into earlier, such as Solyndra!
I feel pretty sure that BFRE is now talking to the Chinese about alternative ways to complete the financing. This is as important now to China as it is to Bluefire, IMHO, as it will lead to lower cost energy, while improving environment concerns.