BlueFire Renewables Signs 15 Year Feedstock Supply Contract for Fulton, MS Cellulosic Ethanol Facility
IRVINE, Calif. and MOBILE, Ala., Sept. 27 — BlueFire Renewables, Inc. (OTC Bulletin Board:BFRE.ob – News), a company focused on changing the world’s transportation fuel paradigm through the production of renewable fuels from non-food cellulosic wastes, announced a contract with Cooper Marine & Timberlands to provide feedstock for BlueFire’s planned cellulosic ethanol facility in Fulton, MS for a period of up to 15 years.
Under the agreement, Cooper Marine & Timberlands (“CMT”) will supply BlueFire’s Fulton, Mississippi project with all of the feedstock required to produce approximately 19-million gallons of ethanol per year from locally sourced cellulosic materials such as wood chips, forest residual chips, pre-commercial thinnings and urban wood waste such as construction waste, storm debris, land clearing; or manufactured wood waste from furniture manufacturing.
“This agreement is another significant step forward for BlueFire and we are excited to have CMT’s participation in our Fulton Project. Coupled with our recently-announced off-take agreement with Tenaska BioFuels, LLC, the key input and output contracts required for financing are now resolved,” stated Arnold Klann, CEO of BlueFire Renewables, Inc. “This is a very exciting time for BlueFire Renewables as we complete the final steps to bringing cellulosic ethanol to fruition in the U.S. marketplace.”
Under the Agreement, CMT will pursue a least-cost strategy for feedstock supply made possible by the project site’s proximity to feedstock sources and the flexibility of BlueFire’s process to use a wide spectrum of cellulosic waste materials in pure or mixed forms.
Cooper Marine Timberlands (CMT), with several chip mills in operation in Mississippi and Alabama, is a member company of Cooper/T. Smith one of America’s oldest and largest stevedoring and maritime related firms with operations on all three U.S. coasts and foreign operations in Central and South America.
“Responsible biomass production has an important role to play in improving the state of local economies. We look forward to utilizing our extensive experience in biomass feedstock procurement and logistics in establishing a sustainable biomass feedstock supply chain for BlueFire’s Fulton Project,” stated Phil Willingham, Executive Vice President of Cooper Marine and Timberlands.
The Fulton, MS project will put to work Mississippi’s significant biomass resources to create economic development and job creation in Mississippi. It will establish the platform for developing American energy self-sufficiency from readily available local resources.
About BlueFire Ethanol, Inc.:
BlueFire Ethanol, Inc. is established to deploy the commercially ready, patented, and proven Concentrated Acid Hydrolysis Technology Process for the profitable conversion of cellulosic (“Green Waste”) waste materials to ethanol, a viable alternative to gasoline. BlueFire’s use of the Concentrated Acid Hydrolysis Process Technology positions it as the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues. BlueFire Ethanol, Incorporated’s goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These “biorefineries” will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol. BlueFire intends to build a multinational company that leads the world in producing biobased transportation fuels. Its business will encompass development activities leading to the construction and long-term operation of production facilities while maintaining technological advantage and ownership of the process technology and all its improvements. Ethanol will be produced from biorefinery facilities opportunistically constructed on or near landfills, waste collection and waste separation sites. Each facility will deploy the proprietary technology, which uses all cellulosic waste materials traditionally disposed of in landfills as feedstock. www.BlueFireEthanol.com
Statements about BlueFire Ethanol, Inc.’s expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are “forward-looking statements” within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. BlueFire’s actual results could differ materially from expected results. BlueFire undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; BlueFire will appropriately inform the public.