SOURCE: BlueFire Ethanol

October 16, 2007 09:44 ET

BlueFire Ethanol Selected for Federal Support of Innovative Biomass Energy Project

IRVINE, CA--(Marketwire - October 16, 2007) - The U.S. Department of Energy has invited BlueFire Ethanol Fuels, Inc. (OTCBB: BFRE) to participate in its 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.

As one of 143 project applicants who previously submitted pre-applications to the loan guarantee program, BlueFire Ethanol, Inc., along with 15 others, was recognized for its proposed third California-based project to build a commercial-scale cellulosic ethanol plant using an array of low-cost feedstocks including landfill waste.

"The Department of Energy's continued encouragement of BlueFire Ethanol's innovative clean energy technology is a key step toward full-scale commercial production of cellulosic ethanol and a testament to the management team's work over the past 15 years to deploy an economic cellulosic ethanol technology using an array of low-cost cellulosic waste feedstocks," said BlueFire Ethanol CEO Arnold Klann. "We look forward to continuing to work with the DOE as they pave their way to energy independence by supporting the exploration of clean energy supplies and supporting new technologies designed to economically utilize those resources."

The projects in the Loan Guarantee Program include advanced technologies involving the uses of biomass, fossil energy, solar, industrial energy efficiency, electricity delivery and energy reliability, hydrogen, and alternative fuel vehicles. Supported by loan guarantees, selected projects will help fulfill President Bush's goal of reducing our reliance on imported sources of energy by diversifying our nation's energy mix and increasing energy efficiency. More information about the Loan Guarantee Program can be found at http://www.energy.gov/news/5568.htm.

BlueFire Ethanol is also one of six ethanol companies awarded funding from the U.S. Department of Energy for their planned ethanol production facility co-located adjacent to a landfill in Corona, California. The facility will produce approximately 17 million gallons of cellulosic ethanol per year from green waste, wood waste and other cellulosic urban wastes.

In addition to the El Sobrante project, BlueFire expects to obtain all necessary permits to commence construction of a smaller facility near Lancaster California late this year. The Lancaster plant will produce 3.1 million gallons of cellulosic ethanol per year from the cellulosic fraction of post-sorted municipal solid waste. By locating biorefineries directly in the markets with the highest demand for ethanol, BlueFire Ethanol's technology can also help cities manage landfill waste -- solving two problems for the price of one.

BlueFire Ethanol holds the exclusive North American license to employ the Arkenol Process Technology, a patented, commercially viable and profitable system that transforms cellulosic waste into usable ethanol. As a result, BlueFire is uniquely positioned to set the industry standard in converting waste materials -- such as wood waste, green waste, straw, switchgrass, and corn stover -- into ethanol.

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

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.

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