My understanding is that Bluefire is at a "make or break" place now, and its future may well be determined by what happens in China, in coming weeks, regarding total financing for Fulton.
My opinion is that their technology is solid, as well as profitable, based on earlier website reports, and my perspective as a chemical engineer, who worked in the petrochemical field.
I also feel that at least one Korean plant should be in operation by now, and if that was not successful, Arnold Klann, who is a man of integrity, would have already stopped the China deal. ( BFRE has a non-disclosure deal in Korea, and they cannot report on the status of those plants).
It is also my guess that the Chinese may well go ahead and provide 100% funding for Fulton, based on their need to be sure of the Bluefire process before they begin to build perhaps dozens of cellulosic ethanol plants in China. Remember, the Bluefire process helps eliminate various types of waste materials, and does so without significant air pollution, in addition to providing useful chemicals. Even its by-products are mostly usable, for one thing or another!
