BlueFire Ethanol Fuels, Inc. (OTC Bulletin Board: BFRE), 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.
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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 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. 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.
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