BlueFire Ethanol proceeds to Stage Two of DOE Loan guarantee process

In California, the Department of Energy has determined that BlueFire Ethanol has met the requirements of Part One of the loan guarantee application process, and have invited the company to proceed onto Part Two of the process for financing the company’s commercial cellulosic biofuels plant planned for Lancaster, CA.

BlueFire is raising $56 million, which would be combined with other sources to provide sufficient capital for the project’s construction and launch.  BlueFire has completed permitting for the project, which will convert post-sorted cellulosic waste materials diverted from southern California’s landfills to produce approximately 3.9 Mgy of ethanol.

Among other cellulsic ethanol producers, Verenium has also (previously) proceeded to Stage Two of the loan guarantee process.

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