Cellulosic ethanol company BlueFire Renewables, Inc. (OTCBB: BFRE) announced a 15-year feedstock contract for its plant in Fulton, Mississippi.
Under the agreement, Cooper Marine & Timberlands (CMT) will supply BlueFire's Fulton, Mississippi project with all of the feedstock required to produce approximately 19-million gallons of ethanol per year from locally sourced cellulosic materials such as wood chips, forest residual chips, pre-commercial thinnings and urban wood waste such as construction waste, storm debris, land clearing; or manufactured wood waste from furniture manufacturing.
"Coupled with our recently-announced off-take agreement with Tenaska BioFuels, LLC, the key input and output contracts required for financing are now resolved," stated Arnold Klann, CEO of BlueFire Renewables, Inc. "This is a very exciting time for BlueFire Renewables as we complete the final steps to bringing cellulosic ethanol to fruition in the U.S. marketplace."
Under the Agreement, CMT will pursue a least-cost strategy for feedstock supply made possible by the project site's proximity to feedstock sources and the flexibility of BlueFire's process to use a wide spectrum of cellulosic waste materials in pure or mixed forms.
Cooper Marine Timberlands (CMT), with several chip mills in operation in Mississippi and Alabama, is a member company of Cooper/T. Smith one of America's oldest and largest stevedoring and maritime related firms with operations on all three U.S. coasts and foreign operations in Central and South America.
BlueFire Renewables, Inc. employs a Concentrated Acid Hydrolysis Technology Process for the conversion of cellulosic waste materials to renewable fuel sources, including Cellulosic Ethanol, Biodiesel, BioJet Fuel, and Drop-in Directs.
BlueFire received an increase to its Grant totaling $88 million under the American Recovery and Reinvestment Act in December of 2009.
Listen to a Green Week in Review interview with CEO Arnold Klann.
