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I'm holding tight, too!
With Doublecrown's expert capability to microdesign Translocks for specific industries, and even different materials within an industry, they should, over time, serve a huge amount of the containerized shipping, world-wide.
Wouldn't it be a real pity if new energy company Solyndra, funded by the US Gov. and then went bankrupt, is followed by Bluefire going bankrupt because the US Gov. BACKED OFF from an earlier agreement TO fund it?
The way for the US Gov. to save face on this, is to reverse their last decision to renege on stopping all further funding!
The versatility of the Translocks seems amazing, and appears to be of great usefulness to a number of industries.
When it all gets shaken out in a few years, I am curious as to which industries will benefit the most from these unique containers. Some industries could switch to almost 100% application of the Translock2 designs.
Interesting, that by funding only another $30M, the DOE could help start up a $300M full-scale ethanol bio-refinery that uses wood chips, to lead the US into production using a cellulosic technology.
However, it seems the DOE has cut off Bluefire, and I think final financing may come from someone in China, maybe CTG Corp, where this type of process is made to order to meet multiple needs in China. (I am guessing that China Three Gorges Corp. may want to see proof in America that the Bluefire technology is effective before investing in multiple plants in China).
Agree with your assessment. The Klanns are men of real integrity, and will only report true atatements, IMHO. I understand they are working with one or more potential sources for the remaining financing, and are expecting positive results.
It has been about three months now, but I haven't asked them any questions in that time, either.
I have spoken by email to both Richard and Arnie Klann. Both are men of real integrity, IMHO. I do not think they would have put the effort or preparation cost into their Fulton, MS site, if they didn't have real expectancy of moving ahead when financing is complete. I know they have been working with several possible sources for the remaining cost, which to my understanding have not closed their doors on it, as the DOE did a couple years ago.
Patience will reward Bluefire(and the Chinese), if they don't give up.
Yeah, pollution is really a big issue there! A cellulosic ethanol process could help in several ways for sure, but they need to do a whole lot more to solve all their pollution problems.
Hopefully, the financing will come through before too much longer, since it may then take another 12-15 months before Bluefire can build and start up their Fulton plant, in order to prove to the Chinese that a full-scale plant using the Bluefire process is successful. It was successful in Japan as a pilot plant process, and I believe it will also do well in a larger process( my opinion as a chemical engineer who has studied their report on the Japan plant runs).
Well, Deanna, Bluefire has based their whole technology and business planning on using free, or very low cost, raw materials such as waste products and organic trash. In the case of China's CTG Company, it is expected to use trashed organic materials. In the case of the Fulton, MS plant, it will be wood chips and related residue from the timber industry. These materials are about as low cost as is possible, and nothing grown by planting/harvesting on good soil available to other crops, can come close to the these costs.
Furthermore, China has an increasing interest in reducing their trash materials, and in producing energy and gasoline by low-polluting methods. For these reasons, I expect that China may help with that final leg of financing the Fulton plant, in order to verify the viability of the Bluefire ethanol process before committing to their own plants using Bluefire's technology( concentrated acid hydrolysis using cellulosic raw materials).
Therefore, I am expecting some truly exciting news to be announced sometime this year, that should start a long climb in the BFRE stock price!
Deanna, where did you hear that Bluefire may be thinking about using Hemp as a raw material? Their whole approach has been to use very cheap waste-type materials, rather than those requiring land and harvesting expenses?
Thanks, Steph, for Tricia's reply. I am sure they have a lot of things on their plates these days, including taking time working with their accountants! Expecting it to have good news!
I think ethanol use has been continued all during the oil decline and recent rise. Remember, they get a subsidy from the Government.
The nice thing about companies like Bluefire is their raw material cost is very low, depending on just what they choose to use(in BFRE's case it will be wood chips,etc).
Only one thing holds Bluefire back now,IMHO, that being the financing required beyond the #270M loan promised by the China EXIM Bank. We know more than one source has been approached for this, and I am expecting to hear good news about this before much longer, with crude prices rising again.
Done, ProfitScout!
Containers have sure come a long way, since I first saw Cabot Corp back in the 1950's shipping pelletized carbon black to our tire plants in TX and LA (UniRoyal Tire Co.) in large, round rubber bags placed on rail cars. Not much versatility to those bags, and if there was a "clog", you had to push a rod into the bag and hope it would unclog it!
The Translock2 is sure a tremendous advance from those old bags.
By the way, today, they use specially-designed entire rail cars for bulk shipping of carbon black to tire and rubber plants. Not sure if Translock2 would be better or not for this? It could be something for DDCC to check into?
Yes, very good news. let's just hope this actually moves China to help with final financing of the Fulton plant. Remember, they want to see how Fulton works out, before building many of their own ethanol plants using BFRE technology. That decision will still need 12 -15 months to reach after the financing is completed.
It seems about time for us to hear more good news on one or more of the contracts signed earlier this year and last fall!
Yes sir, ProfitScout, which includes the newly leased technology locating significant gold reserves in their Bateman property! [:^)
Sounds good, Spidaman, and Bluefire IS a California business, even though the plant being considered is in MS. I noticed that other investments by Chinese include other renewable energy companies, so Bluefire is in one of those favored industries!
The whole future of Bluefire now seems to rest on final financing of the Fulton plant. I don't know just what the hold-up is, other than reasonable caution, because there still seems to be high interest in China(CTG Corp.), who want to be sure the whole Bluefire cellulosic ethanol process is economic before committing to multiple plants in China.
With the price of crude oil appearing to have begun rising again, and with it ethanol prices, and the Chinese economy beginning to improve again, there could soon be some action on final funding for the Fulton plant.
Yes, and if they are able to visually demonstrate some of the Translock2 advantages over older transport systems, that could give added interest, especially for potential material handlers, technical people, and engineers at potential customers.
Some of that may no doubt be measured and compared for specific customers too, that couldn't be publicized, providing actual benefits in time, potential safety, spillage amounts, overall costs, etc. as preludes to making agreements for trial shipments.
Looking forward to future videos showing more actual Translock Squared systems being loaded, shipped and unloaded, etc., and doing away with the sketches. [:^)
Yes, it is just a matter of time now for things to get really rolling at DDCC, and greater recognition by investors and potential new customers.
I am really impressed by their substantial code of ethics shown under "corporate" on the website. It is evident our management is living up to the tenants of this code, which should continue producing excellent customer relationships, and happy shareholders.
I fully agree with you guys! This is a tremendous company, who treats all participants with honor and respect, including us shareholders. Looking forward to many other exciting news releases in coming weeks, months and years!
Monroe, it has been a few years since the Izumi, Japan, pilot plant sucrose/ethanol runs, and it seems that no Japanese company has shown much interest in applying the Bluefire process. I don't recall any recent discussion by BLuefire on this either.
For whatever reasons, so far only South Korea and China have shown interest. Korea has one plant running (as I understand, but Bluefire can't talk about it, due to a non-disclosure clause in their agreement), plus other plants presumed to be planned. However, China has the greatest interest, since they also have a trash and air pollution problem, and using certain waste materials for producing ethanol can solve multiple problems for China. For this reason, I am reasonably confident a solution to the financing need for Fulton plant may come by way of the Chinese! We just need to wait until BLuefire announces something.
Agree, HMONNY. That last $30M or so( maybe less) financing is greatly needed to build Fulton, which should then provide future financing of additional plants around the US. CTG will, I presume, build their own ethanol plants using Bluefire's patented technology, once they are satisfied the Fulton, MS plant is operational. For this reason, I am still expecting the Chinese(maybe CTG) to assist with the remaining Fulton financing.
By the way, I fully expect the Bluefire process to work good, based on their earlier reports on the Japanese pilot plant.
Thanks, ProfitScout, for those very encouraging comments! It shouldn't be long now for more news on earlier signed contracts to be coming in. I have faith in the integrity and abilities of our management team.
I just wonder if actual construction requires full patent-granting first? If so, that means further delays, but maybe they need that time to complete all the various design details?
I would ask Tricia, but think she won't be able to release such info until ready to go public?
Meantime, we may hear more on precious metals, and that new technology to locate it?
Wonder how the Translocks on that first construction contract is going? Anyone heard?
Wishing you all a happy Easter and Passover!
Yes, it is quite clear the Doublecrown management is preparing for such an improvement for this phase of commodity shipping. The Translock Squared containers will unify with systems like this to provide, "ship to rail to customer storage to unloading", all with a single container. Some customers may even be able to use the Translocks to ship THEIR finished products on to their customers!
I agree 100% with both you guys! As an engineer myself, I appreciate all the specific thought they have put into the minor details and alterations to make the Translock for each industry exactly what is needed to work for maximum efficiency. Of course, we don't have experiential proof yet of all the new designs, but knowing the integrity of our management, I fully expect all of them to meet expectations, even if some may yet need a little tweaking for perfection, as experience is gained.
In summary, I am fully expecting Doublecrown to become the most popular source of material shipping containers in the world. This alone, should result in the company becoming an excellent investment.
I like that statement, ProfitScout, that, "we are close to owning the interlocking bulk container market".
I like that statement, ProfitScout, that Doublecrown is close to owning the interlocking bulk container market!
What impresses me is that the fast Patent prosecution rate has an over 90% approval rate, compared to around 60% for the normal patent processing. That means the Translock2 systems are almost certain to be approved!
That should also be very good news for any additional financing needed for additional Translocks, once they are patent-approved, and available for use!
Yes, it says construction should begin when specific orders are receive from the end-users. That, I presume, will happen once a final prototype specific to each type of end-user is made, and ready for a trial run. Once that is finished satisfactorily, the orders from that type of end-user should begin in earnest.
Couldn't agree more, HempsterBit and ProfitScout! The Doublecrown management has superb wisdom in selecting which industries to invest in, and how to specifically address needs in each industry, where helping solve their issues will be beneficial to both companies.
I am still amazed at the specific additions being made to the Translock Squared designs that should be tremendous benefits to customers in a range of industries. Then, if customers benefit, we will too!
Maybe they already have? We just don't know. I think, after the Fulton plant proves out the process, that all Bluefire's participation in China may be something like a patent royalty, or something along those lines, as the Chinese begin to build their own plants?
The next step for Bluefire will probably be to begin generating enough income selling ethanol at Fulton, to get approval to finance their next plant here in America. Hopefully, it will have even greater capacity than the 19MGPY that Fulton is scheduled to produce. BLuefire had, at one time, a commitment from Waste Management to build ethanol plants at, or near, some of their larger waste sites, to utilize cellulosic materials dropped at those sites.
I think both Arnie and Richard Klann are nearly as frustrated as we are, with how slow that last piece of the financial puzzle has been coming together. I, for one, am standing with them and most of you, in believing that it WILL happen, even if no one now can say just WHEN that might be, given the economic shakings going on around the world. I really think the need is maybe greater in China than here in the US, for Bluefire's technology, as they have more climate-control issues that should be helped with the combination of reducing cellulosic residue(trash), and producing a significant additive to gasoline(ethanol) at a reasonable cost and very low air pollution.
According to Google finance, they are still at 249 million shares.
I am utterly amazed at how much intelligent and creative activity our management team continues to do, that paves the way for the future success of our business. Speeding up the patent process should also speed up the signing of more new contracts!
The US Gov. DID step in early-on, but then pushed away from the table when Bluefire missed a certain deadline. The US DOE had already made too many financial mistakes by then, with bad energy investments. The irony is, that Bluefire shows every indication of being a success financially(after completing financing), and I think now another Chinese company will benefit that. It appears that oil prices are already heading up to a normal range, which implies somewhat higher prices also for ethanol.
Newbie, my understanding from limited communications with management, is the EXIM Bank of China loan remains available, but Bluefire is enduring unspecified issues getting the remaining amount (around $30M) needed to begin construction. It seems several possible sources are still considering it, including the Chinese company that will eventually be building the Chinese ethanol plants using Bluefire's technology. Shakings in the oil markets, and in some international economies, including China, have likely added some caution to those considering this additional financing. The US DOE had initially begun a grant that could have provided the remaining funds, but they canceled that after some earlier assistance, and now it seems more likely the final financing may come from someone in China.
My guess is that any announcements will likely not be made until there is a breakthrough on that finally financing piece.