SOURCE: BlueFire Ethanol

November 13, 2007 08:00 ET

BlueFire Ethanol CEO to Discuss Green Waste-to-Ethanol at Bank of America Energy Conference

IRVINE, CA--(Marketwire - November 13, 2007) - BlueFire Ethanol Fuels, Inc. (OTCBB: BFRE) CEO Arnold R. Klann will discuss BlueFire's patented, proven technology to profitably convert urban green waste destined for landfills to ethanol at the upcoming Bank of America Energy Conference at The Ritz-Carlton in Key Biscayne, FL, on Friday, November 16, in a panel discussion at 11:25 a.m. and for an individual presentation at 1:25 p.m.

The conference will bring senior executives from more than 80 leading energy companies including BP p.l.c., ConocoPhillips, Evergreen Solar, Inc., Halliburton Company, Occidental Petroleum Corporation and Tesoro Corporation Inc. to speak directly to top institutional investors.

"We are pleased that Bank of America is recognizing the value of BlueFire Ethanol's ground-breaking work over the past 15 years by inviting us to present alongside some of the largest and most established leaders in the energy industry," said BlueFire Ethanol CEO Arnold Klann. "This is a testament to the success of our efforts in deploying BlueFire's proprietary technology that uses a broad array of low-cost cellulosic waste feedstocks to make economically viable and environmentally friendly cellulosic ethanol."

As one of six awardees in the U.S. Department of Energy's program to increase the use of renewable and alternative fuels, BlueFire will receive $40MM as part of the $385MM grant program. The agreement with the DOE equips BlueFire Ethanol with funding for a commercial ethanol production facility using materials diverted from landfills and designed to demonstrate the economic feasibility and environmental superiority of producing ethanol from cellulosic waste materials. BlueFire was also awarded a $1MM grant from the California Energy Commission.

Most recently BlueFire was one of sixteen pre-applicants, out of a total of 143, to submit a formal application under the loan guarantee program which will provide federal loan guarantees for clean energy projects and is expected to spur further investment in these advanced energy technologies.

BlueFire's roll out strategy is to place bio-refineries on or near landfills, thereby utilizing the incoming cellulosic stream as feedstock and alleviating any food vs. fuel issues. By locating bio-refineries directly in the markets with the highest demand for ethanol, BlueFire Ethanol's technology can also help cities manage landfill waste and prevent long-haul ethanol transportation issues.

If you would like to receive regular updates on BlueFire Ethanol, please click on the following link: http://www.b2i.us/irpass.asp?BzID=1437&to=ea&s=0

About BlueFire Ethanol Fuels, Inc.:

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.

Contact Information

  • Media Contact:
    Laura Finlayson
    Avalanche Strategic Communications
    email: laura@avalanchepr.com
    phone: 201-488-0049

    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