BlueFire Ethanol CEO to Address Industry Leaders at 4th Annual Cellulosic
Biofuels Summit
IRVINE, Calif., Nov. 10 /PRNewswire-FirstCall/ -- BlueFire Ethanol Fuels, Inc.
(OTC Bulletin Board: BFRE), a company focused on changing the world's
transportation fuel paradigm through the production of ethanol from non-food
cellulosic wastes, has announced that the company's chief executive officer,
Arnold Klann, will join industry leaders including Dr. Kristina M. Johnson
Under Secretary for the Department of Energy, Bob Dinneen President and CEO of
the Renewable Fuels Association and executives from major cellulosic ethanol
producers at the 4th Annual Cellulosic Biofuels Summit in Washington, DC on
November 17, 2009.
(Logo: http://www.newscom.com/cgi-bin/prnh/20090511/BLUEFIRELOGO )
During the conference, Klann and fellow panelists will discuss how the
difficulties in raising financing have resulted in construction delays for a
number of projects in the cellulosic biofuels industry. The panelists will
also discuss the business models and financing strategies that will be needed
to successfully finance the first wave of cellulosic biofuels plant
development.
"Funding is a major challenge, not just for BlueFire Ethanol, but throughout
the entire industry. In order to take cellulosic ethanol one step further and
begin producing on a commercial scale, industry leaders, like myself and
others speaking at this summit, must find solutions to the financing road
blocks," said Klann. "BlueFire is pleased to participate in the Cellulosic
Biofuels Summit to encourage industry leaders and contribute to finding
solutions."
BlueFire Ethanol's commercially-ready, patented and proven Concentrated Acid
Hydrolysis Technology Process for the profitable conversion of cellulosic
waste ("Green Waste") into cellulosic ethanol derived from non-foodstock
urban, forestry and agricultural residues. This form of ethanol is a
completely renewable and highly-economical alternative to gasoline and other
types of ethanol.
BlueFire has completed a 20-month licensing process and is currently awaiting
the final financing needed to break ground on its shovel-ready, fully
permitted ethanol biorefinery in Lancaster, CA. The Lancaster facility will
use post-sorted cellulosic wastes diverted from Southern California's
landfills to produce approximately 3.9 million gallons of fuel-grade ethanol
per year.
BlueFire recently announced its second planned commercial cellulosic ethanol
plant will be relocated to Fulton, Mississippi. The project will allow
BlueFire to utilize green and wood wastes available in the region as feedstock
for the ethanol plant that will be designed to produce approximately 18
million gallons of ethanol per year.
About BlueFire Ethanol Fuels
BlueFire Ethanol Fuels, 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
ethanol, a viable alternative to gasoline. BlueFire is 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 is one of four ethanol companies awarded funding from the U.S.
Department of Energy to construct ethanol production facilities. Unlike remote
corn ethanol production plants, BlueFire's biorefineries will be located near
markets with high demand for ethanol. 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.BlueFireEthanol.com.
If you would like to receive regular updates on BlueFire Ethanol, please
select this following link: http://www.b2i.us/irpass.asp?BzID=1437&to=ea&s=0.
Forward-Looking Statements
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.
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 Ethanol, 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 Ethanol, 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.
SOURCE BlueFire Ethanol Fuels, Inc.
Richard Klann of BlueFire Ethanol Fuels, Inc., +1-949-588-3767, ext. 411, or
rgklann@bluefireethanol.com; Media, Laura Finlayson of Beckerman Public
Relations, +1-201-465-8007, or lfinlayson@beckermanpr.com; Investors, Scott
Kitcher of Ecofin Consulting, +1-949-435-2056, or
skitcher@ecofinconsulting.com, both for BlueFire Ethanol Fuels, Inc.
