Home » MBJ FEATURE » BlueFire lands financing MOU for Fulton project

BlueFire lands financing MOU for Fulton project

BlueFire Renewables, a California-based company, has entered into a memorandum of understanding with China Huadian Engineering Co. to finance its integrated Power Plant and Biorefinery in Fulton and up to five additional plants in the United States.

According to Biofuels Digest, under the MOU, Huadian will invest equity by purchasing an interest in the BlueFire Fulton Renewable Energy, LLC and, optionally, debt for the Fulton project to complete financing and construction for this cellulosic ethanol facility. Additionally, upon the initial success of the Fulton Project, the agreement intends for Huadian to invest equity and/or provide debt for the development of five additional plants in the United States. The MOU also contemplates the formation of a development joint venture to develop similar projects in China.

>> SEE FULL STORY <<

BEFORE YOU GO…

… 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 Amy McCullough

Leave a Reply

Your email address will not be published.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

*