BlueFire Ethanol Fuels Approved for California Energy Commission Grant of $1,000,000
Market Wire, March, 2007
On March 14th, 2007 BlueFire (PINKSHEETS: BFRE) was one of three companies selected to receive funding from the California Energy Commission (CEC). The CEC released a Program Opportunity Notice and Application Package for Biofuels Research, Development & Demonstration (RD&D) Grant Solicitation under the Renewable Energy Subject Area, Public Interest Energy Research (PIER) Program in October 2006. The Notice announced that up to $3 million was available for PIER project funding under this solicitation.
Each proposal was screened for completeness and reviewed by CEC staff and external technical reviewers. Then, the Energy Commission's Technical Advisory Committee (TAC) reviewed, evaluated, and scored applications submitted in response to the Solicitation using the criteria prescribed in the Application Package. Based on the TAC's scores and suggested condition on funding, the CEC's RD&D Committee has made its proposed funding recommendations for this Biofuels RD&D Grant Solicitation.
BlueFire CEO Arnold R. Klann stated, "The CEC Grant approval furthers the State and Nation's awareness of the validity and commercial viability of BlueFire's cellulosic conversion technology. This CEC Program is another example of California's leadership in the reduction of greenhouse gas emissions through the acceptance and endorsement of environmentally friendly alternative fuels."
For further information on the Energy Commission Grant please click on the following link http://www.energy.ca.gov/contracts/pier.html
In order to receive regular updates on BFRE please click on the following link: http://www.b2i.us/irpass.asp?BzID=1437&to=ea&s=0
About us:
BlueFire Ethanol Fuels, Inc. is established to deploy the commercially ready, patented, and proven Arkenol Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a viable alternative to gasoline. BlueFire's use of the Arkenol Process Technology positions it as 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. Our goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol. BlueFire intends to build a multinational company that leads the world in producing biobased transportation fuels. Its business will encompass development activities leading to the construction and long-term operation of production facilities while maintaining technological advantage and ownership of the process technology and all its improvements. Ethanol will be produced from biorefinery facilities opportunistically constructed on or near landfills, waste collection and waste separation sites. Each facility will deploy the proprietary technology, which uses all cellulosic waste materials traditionally disposed of in landfills as feedstock. www.BlueFireEthanol.com
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.
Institutional Investment Advisor: Paul Gozzo President PMG Capital, LLC Tel. 888-747-5397 Fax. 888-799-9741 pmgcapital@hotmail.com Investor Relations Contact: Gerald Kieft or Ryan Audin Wall Street Resources, Inc. 2646 SW Mapp Road, Suite 303 Palm City, Florida 34990 772-219-7525 http://www.wallstreetresources.net
- 5 Rules for Immediate Annuities
- Death in the Family: 12 Things to Do Now
- Dumbest Things You Do With Your Money
- 6 Online Networking Mistakes to Avoid
- 401(k) Mistakes to Avoid
- 5 Economic Scenarios to Keep You Up at Night
- The Real ‘Best Places to Retire’
- Best Credit Cards for You
- 12 Tough Questions to Ask Your Parents
- The Real ‘Best Colleges’
- Home Buyer Tax Credit: How to Cash In
- Why You Shouldn't Bash Cash
- 8 Phony 'Bargains' and Better Alternatives
- Danger: 3 Debit Card Scams to Avoid
- 6 Myths About Gas Mileage
- 29 Fees We Hate Most
- Quick and Easy Ways to Boost Returns
- Best Stocks to Buy Now
- Lower Your Taxes: 10 Moves to Make Now
- New Jobs: 8 Lessons from Real-Life Career Switchers
- The New Job Market: Who Wins and Who Loses?
- Health Care Reform's Public Option: Everything You Need to Know
- Volunteer Work When Unemployed: Should You Work for Free?
- Whose Recovery Is This?
- Long-Term-Care Insurance: 4 Biggest Risks to Avoid
Content provided in partnership with
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- LIFO vs. FIFO: a return to the basics
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- Using object-oriented analysis and design over traditional structured analysis and design
- Design a commission plan that drives sales - Sales Commissions



