Home » NEWS » BlueFire asking for tax credit

BlueFire asking for tax credit

FULTON — On March 3, Arnold Klann of BlueFire Ethanol and a consortium of 31 other advanced biofuel producers signed a letter to U.S. congressional leaders urging the implementation of a 30 percent investment tax credit (ITC) for advanced biorefineries.

They believe the ITC is needed to jumpstart the industry which must meet looming federal mandates for renewable fuels. Their belief is that the commercialization of the advanced biofuels industry has been severely delayed by the extended downturn in the U.S. economy, limiting access to private capital needed for the development of commercial scale projects.

While Congress has utilized a loan guarantee programs to try to bridge this gap, these programs have yet to drive any substantial advanced biorefinery project development, according to BlueFire.

BlueFire is currently focused on the development of their two United States commercial biorefineries in Lancaster, Calif., and in North Mississippi at Fulton. The shovel-ready, fully-permitted ethanol biorefinery in Lancaster, BlueFire’s first U.S. commercial plant, will use post-sorted cellulosic wastes diverted from Southern California’s landfills to produce approximately 3.9 million gallons of fuel-grade ethanol per year.

BlueFire is also moving forward with its internal project schedule for a second planned commercial cellulosic ethanol plant in Fulton. The project will allow BlueFire to utilize green and wood wastes available in the region as feedstock for the ethanol plant that will be designed to produce approximately 18 million gallons of ethanol per year.


… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.

If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.

Click for more info

About Wally Northway

Leave a Reply

Your email address will not be published. Required fields are marked *