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Monroe1, to answer your last post, BFRE never

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richbob   Saturday, 02/23/19 02:03:17 PM
Re: Monroe1 post# 6332
Post # of 6368 
Monroe1, to answer your last post, BFRE never did own that future plant site in Fulton, MS, as the would only lease it for some length of time. As I understand it now, whatever temporary rights they had to prepare the site has now expired, and to build a plant there now would likely require a whole new agreement with the local Gov.

As you know, BFRE never got the additional grant in order to begin actual plant construction, also most employees, which included a couple experts in plant design and operation have left the company over a year ago now.

I believe the only hope now for Arnie Klann at BFRE is to either merge or sell his company or patent rights, etc., to a larger company in the energy business. There has been no word as to whether anything is actually happening in this either.

The deal with GS Caltex in S. Korea was only to use the BFRE technology for making sucrose, with which Caltex would use for making additional products, which could include ethanol, and a few chemically-related other products. That would have only generated some patent-rights and related income for BFRE, as I understood it. There has been no word as to whether the first sucrose plant using BFRE Technology has been constructed. SucreSource, LLC is the name BFRE set up for producing only the sucrose(sugar) from which the other company would make its final product(s).

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