BlueFire Renewables Signs Master EPC Contract with Subsidiary of China Three Gorges Corporation for Fulton, MS Cellulosic Ethanol Facility
IRVINE, Calif. and Beijing, China, (October 8, 2014) – BlueFire Renewables, Inc. (OTC: BFRE), a
company focused on changing the world’s transportation fuel paradigm through the production of
renewable fuels announced that it has finalized and signed a new Master Engineering, Procurement
and Construction (EPC) contract for its planned cellulosic ethanol facility in Fulton, MS. The contract is
with the China International Water and Electric, subsidiary of China Three Gorges Corporation
(CTG), one of the world’s largest companies and China’s largest renewable energy company.
“This contract is truly the first of its kind in the United States” stated Arnold Klann, CEO of BlueFire
Renewables, Inc. “It not only provides the backing of a large multinational company with the
expertise to manage the execution of the construction of the facility but also sets up a cooperation
blueprint for BlueFire and China Three Gorges to work together on other projects and financing. The
Master EPC structure will utilize a US based EPC Contractor to be the onsite engineering,
procurement and construction team using local suppliers and craftsmen generating much needed
local revenues for Itawamba County and the surrounding region.”
The contract is to provide cost savings by leveraging China Three Gorges’ relationships and
experience to complete the Fulton project. CTG was responsible for building the largest hydro
electric dam in the world that went into operation in 2008 as well as other energy and
infrastructure projects globally.
“CTG’s support of this important commercial project is consistent with China’s goals to advance the
use of non-food biomass to produce renewable fuels, power and chemicals in cooperation with the
U.S. all the while helping the environment” said Lin Chuxue, Executive Vice President of CTG. “We
see this relationship with BlueFire and Arkenol as an important step in bringing renewable cellulosic
fuels and chemicals to China’s burgeoning marketplace. We will be the leader in bringing China clean
and renewable energy that reduces the nation’s carbon footprint significantly and creating jobs both
in the United States and China.”
Klann stated that this contract provides BlueFire a pathway for financing solutions in the US and
opens opportunities in China. “With a seasoned team from a company like China Three Gorges now
involved with the project, it opens the door to financing opportunities in China previously unavailable
to us.” said Klann.
The companies will continue to work together to identify other opportunities and to cooperate on a
The Fulton, MS project will allow BlueFire to utilize green and wood wastes available in the region as
feedstock for the ethanol plant that is designed to produce approximately 19 million gallons of
ethanol per year.
About BlueFire Renewables, Inc.
BlueFire Renewables, Inc. was established to deploy the Arkenol patented and proven Concentrated
Acid Hydrolysis Technology Process for the profitable conversion of cellulosic waste materials (“Green
Waste”) to renewable fuel sources. BlueFire has demonstrated production of Biofuels from urban
trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues.
BlueFire’s biorefineries will be located near markets with high demand for ethanol and will use locally
available biomass. This should dramatically reduce delivery costs and increase biofuel supplies, while
providing a unique waste processing technology to help America’s cities better manage the increasing
problem of overflowing landfills. For more information, please visit www.BFREINC.com
About China Three Gorges Corporation
China Three Gorges Corporation was founded in 1993 to develop and build the hydroelectric power
plant on the Yangtze River. The facility built was the Three Gorges Dam, which is the largest dam
ever built. Following the success of that project the company expanded into multiple areas of
development, construction, and asset management.
China Three Gorges Corporation employs over eleven thousand employees and has 11 subsidiaries.
They range from electricity generation, renewable energy generation, solar and wind power plants,
construction, engineering, and financial companies. The company is not only the largest utility in
China but also one of the world’s largest companies.
Statements about BlueFire Renewables 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.
This press release includes statements that constitute “forward-looking statements” within the
meaning of the Private Securities Litigation Reform Act of 1995 (the “Reform Act”). BlueFire
Renewables, Inc. claims the protection of the safe-harbor for forward-looking statements contained
in the Reform Act. These forward-looking statements are often characterized by the terms “may,”
“believes,“ “projects,” “expects,” or “anticipates,” and do not reflect historical facts. Specific forwardlooking
statements contained in this press release include, but are not limited to: our successful
development and deployment of ethanol production facility or facilities, impact of the company’s
expansion plan, and new business development success, future financial results, the impact of
competitive products or pricing from technological changes, the effect of economic conditions and
other uncertainties. The forward-looking statements contained herein involve risks and uncertainties
that could cause actual results to differ materially from the expectations contained in any such
forward-looking statements. These risks include, but are not limited to: failure to manage operating
expenses or integrate new facilities and/or technologies, each of which could have a material impact
on our business, our financial results, and the company’s stock price.
These risks and other factors are detailed in the Company’s regular filings with the U.S. Securities
and Exchange Commission. Most of these factors are difficult to predict accurately and are generally
beyond the Company’s control. Forward-looking statements speak only as to the date they are made
and BlueFire Renewables, Inc. does not undertake to update forward-looking statements to reflect
circumstances or events that occur after the date the forward-looking statements are made.