BlueFire Ethanol, Inc. (BFRE.OB) Expands in Mississippi, Fueled by $3.8M Department of Energy Reimbursement
QualityStocks (November 5th, 2009) Writes:
BlueFire Ethanol Fuels, Inc. received a reimbursement from the Department of Energy (DOE) for $3.8 million, signifying a continued commitment by the current administration and the DOE to bolster such alternative energy sources.
The liquidity provided by this reimbursement will allow BlueFire to capitalize the development of its second ethanol plant, to be located in Fulton, Mississippi. BlueFire is currently operating under a $40M grant from the DOE received in 2007.
BlueFire’s ethanol refining from non-food cellulosic biofuel is achieved via its fully operational, and proprietary, Concentrated Acid Hydrolysis Technology Process. This technology presents a robust solution to the disposal of waste plant matter and a powerful framework for agricultural production of high-yield cellulosic feedstock. The forms of ethanol produced are competitive with gasoline and commercially ready for use in an existing market infrastructure.
CEO of BlueFire, Arnold Klann was quoted as saying, “The DOE’s continued financial support coupled with the
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