Home » NEWS » Manufacturing » DOE approves BlueFire Ethanol's application

DOE approves BlueFire Ethanol's application

FULTON — BlueFire Ethanol Fuels Inc. announced that the Department of Energy (DOE) has determined that BlueFire Ethanol has met the requirements necessary for Phase I of the application process and that the company has been invited to continue on to Phase II for the financing of its Fulton project.

The loan guarantee pursuant to this program would support the construction of BlueFire’s commercial (cellulosic) biofuels plant planned in Fulton. Under this program BlueFire has requested $250 million, which would be combined with the previously awarded $88-million grant and other resources to provide sufficient capital for the project’s construction and launch of the facility.

The Fulton facility will produce 19 million gallons of ethanol per year from woody biomass, mill residue and other cellulosic waste.

Arnold Klann, CEO of California-based BlueFire, said, “It’s going to take programs like the DOE loan guarantee to enable first-of-its-kind technologies to be in a position to secure the necessary funding to move forward and help provide cleaner energy sources to the fuel market.”

To help facilitate the closing of this financing, BlueFire Ethanol is actively recruiting specialists to close the transaction.

“We are currently evaluating all options and seeking strategic personnel to help BlueFire successfully close the financing for the Fulton facility and other future facilities,” said Klann.


… 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Your email address will not be published.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 *