Replies to post #4263 on Bluefire Renewables, Inc. (fka BFRE)

[richbob]

HM, our understanding is the Chinese are ready to begin as soon as the final funding from the DOE is decided and available. According to Richard Klann, the DOE has until Sept. to make a final decision on whether to reverse themselves per Arnie Klann's appeal. If they do not reinstate their full grant, then other means will need to be sought to complete the full funding, and that may take more time.

So, the next BIG news should be from the DOE. I just hope they complete funding, and do it WAY before Sept!

[spec machine]

Whats a realistic time frame for this funding with CTG?

BFRE is trading at a penny for a reason.

The reason is, there is no realistic expectation that Bluefire will have a different outcome for this attempt to get funding that it has on all previous attempts.

The only pilot scale operation was Izumi, it produced less than 100 gal/day and ran for years in an attempt to refine the process toward economic viability. It (and the data gathered during its operation) failed to convince ANY of the previous potential financiers that the Arkenol process could be scaled to commercial level at a cost/gal that could generate a profit even with the DOE cost share grant for engineering and the Fed cellulosic ethanol subsidy.

Nobody can say they didn't try. They tried to get a plant financed for the entire 12 years since the pilot operation was shut down. They had the benefit of the largest single cost share grant from the US govt for advanced biofuel production ever granted - $88M

The DOE pulled the grant and cancelled further funding because they saw it was a DEAD END and that there were other competing technologies (some in operation at commercial scale now) that were far superior in terms of full life cycle costs. In short, the Arkenol process lost the race before it ever got built at commercial scale.

spec