BlueFire Renewables Adds New Revenue Source to Fulton Facility
October 03 2013 - 8:30AM
BlueFire Renewables, Inc. (OTCBB:BFRE), a company focused on
changing the world's transportation fuel paradigm, has integrated a
synergistic wood pellet production plant to its facility in Fulton,
Mississippi. The reconfigured design will be a 9 million gallon per
year ethanol plant integrated with a 400,000 ton per year wood
pellet plant. The pellets will be sold under long term contracts
into the European mandated renewable energy market.
"This restructure provides a more robust economic model for the
Fulton facility with a significant increase in projected revenues.
It has become apparent in our attempts to obtain financing for the
project that the right synergies and revenue model would be needed
to build this first of a kind facility," said Arnold Klann
President & CEO. "The optimum use of biomass in the integrated
facility strikes a much better balance of revenue with costs and a
better utilization of resources. The more profitable use of capital
and the enhanced security of projected revenue streams more closely
match what the banks have been requiring in the very conservative
and restricted credit markets," stated Klann.
Traditionally wood pellets are used for electricity generation
and can be sold under long term, fixed price contracts to credit
worthy utilities thereby adding financial stability to the project.
Blended with lignin from BlueFire's process, the wood pellets
create a market advantage under the international mandates for
renewable energy, especially for power in the European Union.
BlueFire has previously announced start of construction and has
completed the preliminary site work for the ethanol facility. The
engineering and other development activities needed are already
under way to add the pellet plant. Synergistic partners will be
announced once the definitive agreements are signed.
About BlueFire Renewables, Inc.
BlueFire Renewables, Inc. was established to deploy the Arkenol
patented and proven Concentrated Acid Hydrolysis Technology Process
for the profitable conversion of cellulosic waste materials ("Green
Waste") to renewable fuel sources. BlueFire has demonstrated
production of Biofuels from urban trash (post-sorted MSW), rice and
wheat straws, wood waste and other agricultural residues.
BlueFire received a Grant totaling $88 million under the
American Recovery and Reinvestment Act in December of 2009.
BlueFire's biorefineries will be located near markets with high
demand for ethanol and will use locally available biomass. This
should dramatically reduce delivery costs and increase biofuel
supplies, while providing a unique waste processing technology to
help America's cities better manage the increasing problem of
overflowing landfills. For more information, please visit
www.BFREINC.com.
If you would like to receive regular updates on BlueFire
Renewables, please select this following link:
http://www.b2i.us/irpass.asp?BzID=1437&to=ea&s=0.
Forward-Looking Statements
Statements about BlueFire Renewables expectations, including
future revenues and earnings, and all other statements in this
press release other than historical facts are "forward-looking
statements" within the meaning of section 27A of the Securities Act
of 1933, Section 21E of the Securities Exchange Act of 1934, and as
the term is defined in the Private Litigation Reform Act of 1995.
BlueFire's actual results could differ materially from expected
results. BlueFire undertakes no obligation to update
forward-looking statements to reflect subsequently occurring events
or circumstances. Should events occur which materially affect any
comments made within this press release; BlueFire will
appropriately inform the public. BlueFire Renewables, Inc. claims
the protection of the safe-harbor for forward-looking statements as
the statements herein involve risks and uncertainties that could
cause actual results to differ materially from the expectations
contained in any such forward-looking statements.
CONTACT: Company Contact:
Richard Klann
rgklann@bfreinc.com
949.588.3767, ext. 411