Another reason for sticking with the Klanns, is knowing they are men of real integrity, and have the will to stick out waiting for ultimate resolution of the final piece of financing for their Fulton, MS ethanol plant.
For you newcomers, they have a $270M loan commitment from China EXIM Bank, but still need roughly another $30M to be able to begin construction of a cellulosic ethanol plant in Fulton, MS. They originally had that covered by a grant from the US DOE, but the DOE later dropped their commitment to BFRE due to time delays.
The reason China is involved, is that China Three Gorges Corp. wants to build multiple ethanol plants in China using Bluefire's technology, but they first wish to see if the Bluefire process will be effective, since it has only been used in a pilot plant in Japan( we think Bluefire has helped construct a new plant operating in Korea, but they have a non-disclosure agreement with the owners of that plant, and cannot talk about it).
So, I for one am optimistic this will be settled before long, leading to a future of ethanol production in both the US and China.
