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ChecheCole, the latest on this DOE grant in

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richbob   Wednesday, 02/28/18 01:51:33 PM
Re: ChecheCole post# 6216
Post # of 6367 
ChecheCole, the latest on this DOE grant in 2010, is that further grants have been denied. This includes the $30M needed to complete funding the planned Fulton, MS. plant.

This issue has been discussed many times, and so far Bluefire has been unable to find a new donor or lender to complete Fulton funding( a total of $300M is needed, and the Chinese EXIM Bank has agreed to lend $270M of this).

This is why it may become necessary to merge with, or sell out to a larger energy company that may be interested in the unique BFRE process for cellulosic ethanol, and similar products. Their process uses concentrated strong acid instead of enzymes, as used in present cellulosic ethanol plants, which are struggling economically. Bluefire's process, evaluated by Pilot Plant runs in Japan, showed very favorable production costs.

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