We should have a resolution on this before too much longer. I don't know how long BFRE can hold out with apparently only a little income from the Korean venture( that plant is 100% owned by the Korean Company as I understand it). Actually, not much is known about it, due to a non-disclosure agreement.
We now know another American Company, (DuPont, I think), has an agreement to provide cellulosic ethanol technology using enzymes to a different Chinese Company. Maybe that will step up the release of the remaining financing for the Fulton plant? I think China Three Gorges wants to see how Bluefire's concentrated acid hydrolysis process works before building their own plants. If, for some reason those two companies wind up in a competitive battle in producing cellulosic ethanol, then CTG is already at a time disadvantage, unless they decide to proceed without first observing the process at Fulton!
The above is all speculative, but perhaps the Dupont deal could help move the BFRE deal to a faster conclusion???
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