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Re: sharky post# 5252

Friday, 02/05/2016 1:54:22 PM

Friday, February 05, 2016 1:54:22 PM

Post# of 6407
Probably the shaky Chinese economy, and low oil, gasoline and ethanol prices, may have caused a pause in the willingness of CTG or others to come up with the remaining funding of the Fulton plant( which I think CTG wants to see proven out, before they are willing to begin building multiple ethanol plants in China using Bluefire's technology).

Richard told me some weeks ago, that they were working on trying to recalculate/renegotiate the Fulton plant total cost, which could affect the net amount needed, after getting the $270M China EXIM Bank loan. However, I have not heard if that has actually been done?

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