BlueFire sells 270 Mgy in cellulosic ethanol offtake to Tenaska Biofuels

In Nebraska, BlueFire Renewables has signed an off-take agreement with Tenaska Biofuels for all of BlueFire’s 19 MGY cellulosic ethanol production from its planned facility in Fulton, Miss.

Pricing of the 15-year contract follows a market-based formula structured to capture the premium allowed for cellulosic ethanol compared to corn-based ethanol, giving BlueFire a credit worthy contract to support financing of the project.  Despite the long-term nature of the contract, BlueFire is not precluded from the upside in the coming years as fuel prices rise.

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