IRVINE, Calif. and FULTON, Miss., June 22, 2011 /PRNewswire/ -- BlueFire Renewables, Inc. (OTC BB: BFRE.OB), a company focused on changing the world's transportation fuel paradigm through the production of renewable fuels from non-food cellulosic wastes, has completed initial site-preparation on the company's Fulton, MS cellulosic ethanol plant.
Century Construction has completed clearing and grubbing; placed the geo-grid and fabric across the site; brought the site to grade level, and installed drainage structures prior to completion of final rough grading. Grass and mulch were applied to establish the necessary growth for erosion control until plant construction begins.
"With support from the County of Itawamba and the City of Fulton and excellent work done by Century Construction, the Fulton site is ready for facility construction," said Arnold Klann, CEO of BlueFire Renewables, Inc. "We are happy to be working with the County and City to bring renewable fuel production into reality and, in the process, create local jobs. We are currently working on multiple pathways for financing including a pending loan guarantee application with the United States Department of Agriculture (USDA)."
"Itawamba County is very pleased to join BlueFire Renewables in the effort to alleviate our dependence on foreign fuels, preserve our environment and spur our economy. BlueFire's first phase of construction has already created 52 jobs in Fulton and, as BlueFire moves into its next phase of construction, will create numerous more," said Greg Deakle, Itawamba County Executive Director.
With this phase of construction completed, BlueFire is poised to build its first commercial facility utilizing green and wood wastes available in the region as feedstock for the production of approximately 19 million gallons of ethanol per year to help fulfill the demand under the Federal Renewable Fuel Standard established under the Energy Independence & Security Act.
Photos of ongoing site work may be viewed by visiting BlueFire's website here at http://bfreinc.com/fulton-construction-progress
About BlueFire Renewables, Inc.
BlueFire Renewables, Inc. was established to deploy a commercially ready, patented and proven Concentrated Acid Hydrolysis Technology Process for the profitable conversion of cellulosic waste materials ("Green Waste") to renewable fuel sources, including Cellulosic Ethanol, Biodiesel, BioJet Fuel, and Drop-in Directs. BlueFire is the only cellulose-to-fuel company worldwide with demonstrated production of Biofuels from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues.
BlueFire received an increase to its Grant totaling $88 million under the American Recovery and Reinvestment Act in December of 2009. 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.
If you would like to receive regular updates on BlueFire Renewables, please select this following link: http://www.b2i.us/irpass.asp?BzID=1437&to=ea&s=0 .
Forward-Looking Statements
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 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, 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.
Company Contact:
Richard Klann
BlueFire Renewables, Inc.
rgklann@bfreinc.com
949.588.3767, ext. 411
Media Contact:
Laura Finlayson
Beckerman
lfinlayson@beckermanpr.com
201.465.8007
Investor Relations:
Scott Kitcher
EcoFin Consulting
skitcher@ecofinconsulting.com
949.435.2056
SOURCE BlueFire Renewables, Inc.
