BlueFire’s Fulton Project Receives Strong Endorsement in China’s Portfolio of Projects Presented at the US-China Joint Commission on Commerce and Trade
IRVINE, Calif., (February 4, 2015) – BlueFire Renewables, Inc. (OTC: BFRE), a company focused on changing the world’s transportation fuel paradigm through the production of renewable fuels received a strong endorsement for its Fulton project from China Three Gorges Corporation (CTG) Executive Vice President Lin Chuxue.
Presented at The US-China Joint Commission on Commerce and Trade (JCCT), co-chaired by US Secretary of Commerce Penny Pritzker, US Trade Representative Michael Froman, and Chinese Vice Premier Wang Yang, Mr. Lin had the following endorsement of the BlueFire Fulton project:
“BlueFire’s Fulton project is a renewable energy project of great commercial value, which can be duplicated many times over elsewhere,” said Lin Chuxue. “China Three Gorges Corporation is dedicated to developing clean energy on a global scale and therefore, China Three Gorges Corporation attaches great importance to the cooperation with BlueFire on the Fulton Project. Fulton will serve as a milestone in the Sino-US cooperation on technology and capital for clean energy and it will be a case in point” stated Mr. Lin.
Mr. Lin Chuxue continued “In addition, we believe that this technology boasts great prospects in China, as abundant biomass materials including waste straw and other agricultural residues can be found in rural areas of China to produce renewable energy, (the BlueFire projects) represent a solution for issues like air pollution and energy shortage (in China).”
The JCCT, established in 1983, is a forum for high-level dialogue on bilateral trade issues between the United States and China. The JCCT also includes 16 active working groups covering a wide variety of issues and industries including, intellectual property, environment, information industry, pharmaceutical and medical devices, statistics, commercial law, and trade and investment, among others. The JCCT is attended by high level diplomats as well as strategic and important business interests from both countries.
“For BlueFire to be included in China’s strategic and future development plans for cooperative renewable energy and climate change projects between China and the U.S. is amazing” said Arnold Klann, CEO of BlueFire Renewables. “We are honored to be part of the solution to the World’s environmental pollution while generating renewable fuels, chemicals and power. With the corporate support of a strong and dedicated company like CTG, I am sure there is a bright future for our partnership going forward.”
Mitchell F. Stanley, President of The National Center for Sustainable Development (NCSD), a national nonprofit organization in Washington, DC, added, “A collaboration between China and the U.S., the world’s big producers of carbon emissions, will create an environment where low carbon, clean-energy technologies and investments can thrive. America is inextricably bound up with China’s efforts to solve its environmental problems.”
NCSD partner in China, Sinoaccess Corporation Chairman Eric Fang further added “The time for this work has never been more urgent. U.S. and China jointly through BlueFire will unlock the gridlock to advanced low carbon, clean-energy technologies and innovative approaches that deliver benefits for the whole world.”
The Fulton, MS project will deploy the Arkenol technology that utilizes mixed streams of cellulosic wastes including forestry, agricultural and manufacturing residues available in the region to produce cellulosic sugars that will create bio-chemicals and biofuels. The Fulton project 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.
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.
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 forward-looking 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, new business development success, future financial results, 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 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.