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.