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richbob

08/09/15 9:34 PM

#4783 RE: spidaman #4782

The Chinese have already pledged to lend $270 million to build the Fulton plant. Should the DOE, or any other US source, fail to lend the remaining amount needed to build and run Fulton, my hunch is then another Chinese source ( or the same, namely its EXIM Bank) could come up with the difference, since the success of Fulton is needed nearly as much by the Chinese as by Bluefire, in order to assure them of successful operation of what could become dozens of cellulosic ethanol plants, using Bluefire's economical concentrated acid hydrolysis technology.