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That's good to know, ProfitScout, since Lopez hasn't entered a facebook message now for a while.
With many economies improving, and crude prices slowly rising, there has to be increasing need for Doublecrown's Translock2 shipping containers which, IMHO, are the best available anywhere, and destined to become the premier way to handle many materials world-wide!
The latest news is the 10K annual report is being delayed an unspecified length of time!
The US economy also is getting traction from Trump's pro-business decisions. I expect soon now there will be increasing interest in the Translock2, as well as demand for more fracking sand and other materials needing bulk shipping!
ChecheCole, BFRE usually issues their 10-K sometime in April, or earliest maybe Mar 30. So, we still have a little wait! From latest 10-Q reports, it likely won't look very exciting. The best news we can expect now, is saving their technology and Fulton plant future, by either a change of heart by the DOE ( who has reneged on their promised $30M grant that would have allowed construction of Fulton plant), or a new loan from a new source, or, some kind of merger with a bigger energy company that desires to get into the cellulosic ethanol business with the winning technology!
ChecheCole, the latest on this DOE grant in 2010, is that further grants have been denied. This includes the $30M needed to complete funding the planned Fulton, MS. plant.
This issue has been discussed many times, and so far Bluefire has been unable to find a new donor or lender to complete Fulton funding( a total of $300M is needed, and the Chinese EXIM Bank has agreed to lend $270M of this).
This is why it may become necessary to merge with, or sell out to a larger energy company that may be interested in the unique BFRE process for cellulosic ethanol, and similar products. Their process uses concentrated strong acid instead of enzymes, as used in present cellulosic ethanol plants, which are struggling economically. Bluefire's process, evaluated by Pilot Plant runs in Japan, showed very favorable production costs.
ChecheCole, yes, as time goes by, selling or merging seems more and more likely. The settling of their debt seems to be clearing the way for something like a sale or merger to happen.
Don't forget International markets too! For instance, India has a large population, and are becoming more important in world markets. Doublecrown has made an excellent start, connecting with India's large International Amity University.
The value of the Translock2 shipping containers will, in my view, cause them to be used around the world.
No, I don't expect anything beyond recent chatter until either the remaining financing for Fulton is announced, or maybe even merging or selling to a large energy-type of company? Time will tell!
Today's 8-K announces the resignations of Chris Nichols and Joseph Sparano. I plan to leave the former one up as a stickie, since it deals with the settlement with Tarpon Bay Partners, LLC.
chitradeb, yes, the 8K was issued and reported here on Jan. 23. It is reposted at the top as a, "stickie", for all to read for a period of time.
GAINSDAY, this video has been around for a while, and does favor the ARKENOL (Bluefire) process for producing ethanol from cellulosic raw materials. I don't have any question as to the validity of this process, and believe it is superior to those processes based on enzymes( instead of concentrated strong acid used in the Bluefire/ARKENOL process), that are still struggling with the economics of their cellulosic ethanol plants.
The issue now is how Bluefire will now achieve the remaining financing to begin constructing their planned plant in Fulton, MS. I understand they are still talking with other sources, now that the DOE has reneged on their promise to complete their original grant offer. It may now require merging or selling to a larger energy provider, if no bank loan in either China or the USA is available.
Any positive news from such a source should cause quite a surge in buying BFRE, and this is where we should be concentrating our attention! Such news during a time when oil, gasoline and ethanol prices are rising, should add extra interest in investing in Bluefire!
Monroe1, I have wondered that from the day I first read of their Pilot Plant trials run in Japan using their Arkenol cellulosic ethanol process.
I really feel this is a better process, than other plants using enzymes to separate the sucrose from cellulosic raw materials, most of which are really struggling with their profitability! There is a real need for the BFRE concentrated acid(Arkenol) process to be evaluated on a full-scale production plant for making ethanol. Perhaps, with the strengthening US economy and rising energy prices, including ethanol, more interest by banks or gasoline producers will lead to investing in Bluefire?
Yes, Magicman, I too am very optimistic that DoubleCrown's new technologies will soon catch on, as our economy expands, and oil drilling picks up, as our new Government continues favoring the expansion of oil drilling and pipeline additions.
Also, India is a nation moving ahead in technology and business, and DDCC has a good entry into certain markets there also. The new Translocks that greatly improve bulk handling and shipping technologies should,over time, become the favored methods of handling and shipping products in many nations!
Yes, and other companies are getting interested now in cellulosic ethanol. I noticed even the car producer GM has invested in a cellulosic ethanol company to get into the gasoline industry.
Unfortunately, the other cellulosic producers apply a process based on enzymes to get the sucrose out of cellulosic raw materials, and they are mostly struggling with the economics of their processes. The Bluefire Arkenol process uses concentrated acid to extract sucrose( which is then converted in ethanol), and from their Pilot Plant work in Japan, seems to have a better process. So, it is important that some company to invest in the Fulton plant that Bluefire has committments from a Chinese bank for 90% of the needed funding. That remaining 10% funding is all that is needed to begin the building of that plant in MS.
Stock Prophet, I go by the same insights that you do, and I am also keen on seeing this cellulosic process( concentrated acid hydrolysis) get a chance to show its economic superiority over present failing enzymic processes. Earlier Pilot Plant work in Japan looked very good for the Bluefire process, and a commercial plant should be as good, if not better.
The issue is, of course, the price of plant construction, which BLuefire had achieved promises of up to 90% from China. The US DOE had promised the remaining 10% as a grant, which they later reneged on! If they can show an economically sound process on a full-scale plant, China is ready to build a number of plants in China based on this technology.
So, the question now is, will the new DOE management honor a prior agreement, or will the funds(about $30M) come available from another source?
Stock Prophet, do you have any insights on where Bluefire stands on getting the remaining 10% ($30M) to fund their Fulton, MS plant?
Stephimac, yes, I think Allen was continuing with an approximately monthly Facebook response to us investors, during this time of few business news items.
Apparently, it is a fairly lengthy process to achieve full restoration of stock trading, and we need to be patient. Meanwhile, any news of success with Translocks, whether in India or the US, should be helpful to this, as well as future business.
The way our new Gov is causing our economy to begin to rebound, I expect much progress for DDCC in coming years!
I suspect what is holding back some big investors such as other energy companies, etc., is minimal profits the other enzyme-based cellulosic ethanol producers are getting at today's ethanol prices. From the economical analysis from BLuefire's website, it seems their concentrated acid-based process should do better than most other producers. However, until Bluefire builds a full-sized plant, and further proves their process out, many, including Chinese investors seem reluctant to advance the remaining $30M needed to begin construction at Fulton, MS. I am assuming that plant site is still available, and the loan promised by the EXIM Bank of China is still being offered as soon as the final $30M is obtained.
My understanding is that Bluefire are still talking with people in China, and other possible leads in the US, besides the DOE, to obtain the remaining capital needed, in addition to the EXIM Bank of China loan that was offered.
I expect a breakthrough in this any time now. The Bluefire/Arkenol process is too good not to be utilized for producing ethanol and similar products from waste materials.
Stock Prophet, I agree this is an excellent technology that needs to find application. However, right now it needs more than stock investors, it needs another company, with significant capital, that wants to share this technology to buy or partner with Bluefire.
Of course, it is still better if the DOE would honor their original grant, so that Bluefire could retain 100% ownership. However, by this time, it is not certain if the EXIM Bank of China, or the City of Fulton, MS, are both willing to proceed, if the DOE does come through with the needed $30M?
You can read on their website all the work that was done by Bluefire in proving out their unique process for making cellulosic ethanol( and related materials) in Japan. This pilot-plant work led to their decision to make a full-scale plant using wood waste materials in Fulton, MS.
Their only problem was the reversal of our DOE on a grant that would have supplemented the offer of a loan by a Chinese bank( their EXIM Bank), that together would have furnished construction and start-up costs of a commercial-size plant.
That change in their original DOE grant was made by the previous DOE leadership under Pres. Obama. Whether or not the new DOE leadership under Trump will restore that grant remains to be seen?
Other options are possible, although I have no knowledge of anything under consideration. These may include selling or merging Bluefire with another company interested in cellulosic ethanol, or maybe just granting a license to use their technology, etc.
Not sure what is going on. Stock is down 25% so far today on high volume. Anyone have anything significant to share?
greendolphin11, Lopez said on Doublecrown Facebook, that they are continuing to pursue the most promising business ventures( Translocks and India), as well as taking steps to get their stock relisted!
With the price of oil approaching $55/bbl, the drilling industry may soon pick up more too, giving DDCC potential to get back into shipping drilling materials.
threewheeler, does this increase in authorized shares mean that BFRE now has the means to cover past debts, and to move ahead with plans to utilize their superior cellulosic ethanol technology?
I am assuming the deal with the Chinese is over, and maybe even the Fulton plant site? Maybe they will be making a different kind of arrangement with a US Company?
Anyone have any thoughts,or any info on any new plans by BFRE?
Investors will benefit after stock is RE-listed! [:^)
gitreal, Doublecrown answered your question today, on a new Facebook entry. It said that Allen Lopez has signed off the Translock2 patent rights and any associated revenues back to Doublecrown, and that applies to the present patent, as well as others still in the works( different product-specific versions of the first Translock Squared design).
I know that is how it usually works for Corporate employees, since I have a patent( shared with several other Engineers) for a new product in the industry we worked in, and none of us have any benefits from it, other than owning a nice wall decoration that declares the inventors names, and what the patent is for!
Maybe this will result in them selling their technology to another company, in order to take care of this? The hope now is for a quick addition to the Fulton requirements to be able to build that plant, assuming the Chinese are still in, and the location in Fulton, MS, is still available?
It appears there might be, Rainer! Has anyone heard any news lately?
greendolphin11, I fully expect DDCC to, "come back from the (almost) dead", in this case, as our economy continues to expand, and management keeps up their diligence in pursuing business ventures.
Allen's replies in that last Facebook entry was very reassuring to me that they were doing all they can to restore trading status for the stock.
I am not really following this stock, but we can also add Puerto Rico as another place where mucho building materials will also be needed.
Don't forget to read all the comments on Allen's Facebook post. He gives reassuring answers to some questions, including the fact that they are working on a new model for requesting approval for stock trading.
I am more hopeful than ever that Doublecrown will become a major success in the projects they are working so diligently to complete.
Double Crown has responded on Facebook to questions about the safety of their people in Houston. Also, Allen Lopez replied in person to a question about the stock trading and business. He gave a very positive response. Google Double Crown Facebook.
Will be much more interesting when we hear some good news. I think the Fulton, MS deal may be having trouble working out after all this time, and if not, maybe they will merge with another energy company to fund it? Hoping for the best outcome!
Has anyone heard how the DDCC marketing office in Houston fared during hurricane Harvey?
Yes, it is, Magicman. I discovered a few months ago they seem to post on Facebook roughly once a month on a routine basis, plus any current news they have to report.
So, another monthly post should be coming any day soon, regardless of what important new items they may have to report.
Tommy, I really believe DDCC is coming back, despite the problems they are fighting through. They are honest, hard-working people, and I have faith in their ability to break out of these issues. Note their recent comments just posted by ProfitScout!
Thanks again, smitter, for sharing what seems like optimistic news from Richard. I am expecting some good news too from him or Arnie, whenever they have something new to share.
I agree, their technology needs to be applied for the ability to utilize low cost waste materials, such as the wood industry residues that their Fulton plant will be using. They also have talked to Waste Management about building plants near their bigger "dumps", to use cellulosic materials available there. I think their process can utilize a number of different types of cellulosic feedstocks, so they would not be restricted from using any single source.
With the corn-based ethanol industry working with very poor profit levels, and competing with the feed cost of dairy cows, this process should provide better profitability for ethanol production as well.
Smitter, thanks for sharing that info from Richard. I too am expecting some better news before long, and just hope the China EXIM Bank is still good for their promised loan, and that the Fulton, MS location is still available to them after all this time.
I sense that Arnie's visit to Washington was not very helpful, since our new Admin. is high on going back to traditional energy sources, such as coal, oil, and gas.
It's even possible, if that final $30M grant or loan is not still in the works, that they may be considering either merging with another energy company to employ their Arkenol process, or even selling it to another company? I don't expect any news along those lines until a final deal is finished though. At least we can continue expecting to hear more before very long!
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?
Monroe1, it's not thin today! Over 5M shares traded in about a half hour. Anyone have any new info on Bluefire? It is about time for a big breakthough here in financing?