Bluefire Renewables, Inc. (fka BFRE)

[richbob]

Newbie, my understanding from limited communications with management, is the EXIM Bank of China loan remains available, but Bluefire is enduring unspecified issues getting the remaining amount (around $30M) needed to begin construction. It seems several possible sources are still considering it, including the Chinese company that will eventually be building the Chinese ethanol plants using Bluefire's technology. Shakings in the oil markets, and in some international economies, including China, have likely added some caution to those considering this additional financing. The US DOE had initially begun a grant that could have provided the remaining funds, but they canceled that after some earlier assistance, and now it seems more likely the final financing may come from someone in China.

My guess is that any announcements will likely not be made until there is a breakthrough on that finally financing piece.