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The article is not too keen on acid hydrolysis, even though BFRE has proven the viability and economics of this process several years ago in Japan. According to their website, this is one of, if not THE most efficient processes, and it only lacks greater scale-up proof because of lack of financing. Too bad the US DOE didn't choose Bluefire instead of trying to harness sunlight to produce energy. :^(
Let's just hope the wood chips will soon break the log jam and release a flood of bank approvals and Federal funds to build Fulton, and begin planning the next plant(s).
I really do believe the wood pellet sales deal Arnie made in Europe is becoming a game-changer with the banks, who may have been concerned over the future profitability of ethanol.
I think most of the bad news/delays is already out, and the new wood pellet agreement for Fulton should soon release positive decisions from bankers, and whoever else is involved.
Well, it's about time fracking begins to take off big-time! I sense that we could become only minimally affected by a Suez Canal shutdown within another 8-10 years, as well as shipping enough energy overseas to help a reduction in the national debt!
GO TRANSPROP!!!
Maybe Bluefire are doing everything they can to avoid bankruptcy until they sign agreements with Huadian and banks?
As I understand it, DDCC will benefit from use of their new TRANSPORTATION system for the fracking sand, which, if as useful as indicated, should be leased by nearly anyone/everyone selling the sand!
Sorry, Goin4gold, I did it again! I spend time on Bluefire Renewables also, and sometimes get thinking and writing about them, rather than on Doublecrown when on this message center. Arnold Klann is President and founder of Bluefire(BFRE).
BFRE is a cellulosic ethanol/sugar producer from waste products, also is a penny stock, and has a viable process and business plan that only lacks financing. They have a partnership in Korea, which they cannot openly discuss, and a pending agreement with the Chinese.
I have seen a comment by Arnie on Facebook that he was touring around Korea, and was impressed with that country. Presumably, he was visiting cellulosic sucrose plant sites, based on their concentrated acid technology. However, their Korean agreement does not allow him to speak of the details of that business.
I would hope, that at some time, the Korean status will be revealed to investors.
Plus, they put a lot of time, energy and money into preparing the Fulton site. That wouldn't have happened if it were just a money scam! I suspect their Korean plant(s) is up and running, but a non-disclosure contract prevents Arnie from speaking about it.
I strongly suspect it has a LOT to do with the BFRE process. I recall there being a secrecy agreement between Bluefire and GS Caltex, that basically muzzles BFRE from reporting on it. In other words, BFRE may be a "silent partner" in this project, basically providing the technology and maybe purchasing/construction oversight, etc.
I am waiting for an announcement with the Chinese (Huadian), which should give Bluefire more ownership rights, at least for the US plant(s).
From the early BFRE website info, as a Chemical Engineer from the petrochemical industry, I feel their process has a good chance of being among the most cost-efficient, and profitable in the new cellulosic biochemical industry.
Yes, if I thought it was a just lawsuit, taken against an unjust action.
http://www.ethanolmarket.com/XXV/34/BlueFire-Renewables-Seeking-Additional-Capital-Biorefinery-Projects_66569
There is also a short note on the Google finance site for BFRE saying they are seeking additional loans for building new plants.
Very interesting site. Thanks, ProfitScout, for the tip. This certainly shows the vast potential for the coming transagg system!
I wonder how far down we need to be finding energy before they stop calling this, "FOSSIL" fuel? :)
Price of corn has receded this summer with the drought broken. That should be good news for corn-based ethanol producers, and could help investor attitudes toward BFRE when they are finally able to announce a solid agreement with Huadian and banks.
So, it seems all we are waiting for now, before real trans prop contract discussions can begin, are the "finishing details" to be ironed out and put into the final design and business plan?
I hope that doesn't imply some serious fault has been found in the new system that must be addressed and fixed?
What news was the big rally that started in March based on, anyone recall?
Greendolphin, please excuse my mistake! I was speaking about Bluefire Renewables, which is a different message room. :>(
That is interesting. I wonder if their process has been proven in production as Bluefire's has, and is cost-efficient, again as I think Bluefire's is?
No specific news I am aware of, however, we know the Korean venture has been in construction for some time now, maybe even start-up by now, but it has a confidentiality agreement that muzzles the participants. All I know about the Huadian deal is that serious discussions continue, and that the Chinese are very slow and thorough in their completion of agreements.
High volume continues today, as it appears 0.020 is becoming the new bottom from which a significant rise could emerge! :)
I think we all know the reason things are so slow is the reluctance of banks to give loans to start-up businesses. However, there are things happening that Arnie could be reporting on more frequently, such as the Korean contract, which I understand has one plant either running or soon to run.
All this is great news for DDCC, assuming the new transprop agg is shown to be a superior mode of shipping frack sand, etc.
It appears the selling pressure is about gone at these levels. As the price moved up today, the bid and ask moved up with it, suggesting an upward move whenever new buying comes in!
I haven't been following BFRE very closely. Who filed a lawsuit, and what do they claim, if anyone knows???
That sounds impressive! Does anyone know how DDCC will profit from their new Transprop Agg? Such as, license fees, sale of the equipment, etc?
I also expect positive news soon. I think the Huadian deal may finally be moving toward completion. If so, that should provide financing for at least the Fulton plant, plus Chinese plant(s).
No, Fergiman on June 19 mentioned a Japan deal, and I have never heard Japan mentioned before, except for the pilot plant operation some years ago when they proved out the concentrated acid process.
Could that have been a mistake on fergiman's part?
I missed the Japan deal. Can someone give brief summary?
It is a good thing DDCC has an improved and patent-pending transport system, otherwise the drillers might be getting into the sand hauling business themselves: GO DOUBLECROWN! :)
Triple bottom at 016 holding well on low volumn. Expect reversal in a week or two, if positive news.
Double bottom at 0.016, and good news should produce renewed buying today!
It all sounds exciting to me! I wonder why the current stock bid and ask are both below the last sale price, after this good news?
I think you are right! Look at the moves it made in March when volumes rose to 2-10 million shares!
This is still not much in dollar terms. Can you imagine what will happen to price when someone or some fund decides this is worth an investment of $50,000 to $100,000, and wants to get it over just a few days?
One key to DDCC's business is whether its patent application for moving frac sand is approved and found valuable for its shipment. That could manifest in iether direct shipping, or fees from others for using their patented equipment.
It will be a major coupe if DDCC can get into significant fracking sand and guargum business for drillers along with present suppliers.