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Re: Mr Pennypacker post# 5395

Wednesday, 02/24/2016 9:32:32 PM

Wednesday, February 24, 2016 9:32:32 PM

Post# of 6407
As I understand this program, the Chinese only need to know that the Fulton plant, which will be owned by BLuefire, can produce ethanol efficiently, and economically, when using a cellulosic raw material; In this case, waste products from the lumber industry.

Once the Chinese (specifically, China Three Gorges Company), are satisfied with Fulton's operation, they would then likely begin to plan and build their own plants, using the Bluefire( Arkenol)patented process. I would think most Chinese investing would go toward their own plants, rather than the Bluefire Fulton plant, except possibly as needed to complete the Fulton financing?

Also, I see Bluefire planning additional US ethanol plants, as they have already discussed, at or near various US waste disposal lands that have sufficient cellulosic materials being disposed of at each location. This would of course, depend on the price and demand for ethanol, and the expected profitability of the plants, as shown by the Fulton prototype.

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