DOE reimburses BlueFire Ethanol
FULTON — BlueFire Ethanol Fuels Inc. has received a $3.8-million reimbursement from the Department of Energy (DOE) to be used for pre-construction activities for its second planned biorefinery, which will be located in Fulton in Northeast Mississippi.
BlueFire is currently receiving funding under the $40-million DOE grant it was awarded in 2007 for the development of the Mississippi plant. The $3.8-million reimbursement was issued to cover costs spent on the basic engineering design that is directly correlated to the development of BlueFire’s Fulton plant.
“This reimbursement provides additional cash flow for pre-construction activities including permitting and basic preliminary engineering for our Fulton, Mississippi plant,” said Arnold Klann, CEO at California-based BlueFire Ethanol. “The DOE’s continued financial support coupled with the current administration’s goal to rapidly deploy cellulosic biofuels projects allows BlueFire to bring to fruition its mission of providing non-food-based biofuels to the densely populated locations in the greatest need of fuel.”
BlueFire Ethanol’s facilities will use its Concentrated Acid Hydrolysis Technology Process for the profitable conversion of cellulosic waste (“green waste”) into cellulosic ethanol. Derived from non-foodstock urban, forestry and agricultural residues, this form of ethanol is a completely renewable and highly-economical alternative to gasoline and other types of ethanol.
The Fulton project, BlueFire’s second planned commercial cellulosic ethanol plant, 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.
BlueFire has also completed a 20-month licensing process and is currently awaiting the final financing needed to break ground on its shovel-ready, fully permitted ethanol biorefinery in Lancaster, Calif. The Lancaster facility 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.
To sign up for Mississippi Business Daily Updates, click here.
3 Responses to “DOE reimburses BlueFire Ethanol”
Top Posts & Pages
- DAVID DALLAS — Cannabis for the rest of us
- MARTY WISEMAN: The current racial strife and the failure to educate
- Source: Bryant has offered Glenn McCullough MDA job
- BILL CRAWFORD: Boyce takes hot spot as IHL commissioner
- Planters Bank promotes at 3 locations
- (WITH VIDEO) Funding secured for Capitol Art Lofts in downtown Jackson
- COMMERCIAL FINANCE 701: Loans disguised as government bonds (BOANs)
- Real Estate Forum panelists: Lenders, investors hungry for deals on residential rentals in Miss., elsewhere
- WRESTLING SUCCESS — Ted DiBiase Jr. leaves ring to become entrepreneur