BlueFire soon to reach commercial-scale
Cellulosic ethanol technology provider BlueFire Ethanol is one step closer to constructing its ethanol production facility in Fulton, Mississippi, US.
After receiving an $88 million (€69.9 million) grant the firm, based in Irvine, California, has now met the conditions required in order to receive an additional $250 million loan guarantee from the Department of Energy (DoE).
The company will use this funding to finance the construction of a commercial-scale biofuel plant, producing 19 million gallons of ethanol per year from woody biomass, mill residues and other waste agricultural materials.
In addition to the construction of the plant in Fulton, BlueFire is also developing a facility in Lancaster, California. It will produce the ethanol using a patented Concentrated Acid Hydrolysis.
The company’s goal is to erect a number of biorefineries throughout the US near to areas which have a high demand for the biofuel. This will dramatically cut transportation costs as well as reduce the amount of waste being sent to landfills.
Commenting on the loan Arnold Klann, CEO of BlueFire Ethanol, said: ‘We are very pleased to see the financing for the Fulton facility moving forward. It’s going to take programmes like the DoE loan guarantee to enable first-of-its-kind technologies to be in a position to secure the necessary funding to move forward and help provide cleaner energy sources to the fuel market.’
After receiving an $88 million (€69.9 million) grant the firm, based in Irvine, California, has now met the conditions required in order to receive an additional $250 million loan guarantee from the Department of Energy (DoE).
The company will use this funding to finance the construction of a commercial-scale biofuel plant, producing 19 million gallons of ethanol per year from woody biomass, mill residues and other waste agricultural materials.
In addition to the construction of the plant in Fulton, BlueFire is also developing a facility in Lancaster, California. It will produce the ethanol using a patented Concentrated Acid Hydrolysis.
The company’s goal is to erect a number of biorefineries throughout the US near to areas which have a high demand for the biofuel. This will dramatically cut transportation costs as well as reduce the amount of waste being sent to landfills.
Commenting on the loan Arnold Klann, CEO of BlueFire Ethanol, said: ‘We are very pleased to see the financing for the Fulton facility moving forward. It’s going to take programmes like the DoE loan guarantee to enable first-of-its-kind technologies to be in a position to secure the necessary funding to move forward and help provide cleaner energy sources to the fuel market.’
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