SOURCE: BlueFire Ethanol

November 29, 2006 09:00 ET

BlueFire's California Project Short-Listed by the U.S. DOE for Grant Funding

IRVINE, CA -- (MARKET WIRE) -- November 29, 2006 -- BlueFire Ethanol Fuels, Inc.'s (PINKSHEETS: BFRE) CEO and President, Arnold R. Klann, announced today that BlueFire Ethanol was selected by the Department of Energy to advance to the next phase of U.S. Department of Energy (DOE) deliberations on applications for funding authorized under the Energy Policy Act (EPAct) of 2005, Section 932. The next phase consists of an oral presentation to the DOE Merit Review Committee specifying the details of BlueFire's proposed project.

"We are pleased to be chosen to advance in the competition to design, construct, build and operate an integrated biorefinery using BlueFire's proven and patented technology in the conversion of cellulosic waste and other feedstock materials to ethanol," stated Mr. Klann. "The proposed landfill site in California is the perfect location and provides a model that can easily be replicated across multiple regions of the United States to bring ethanol to the fuel markets. The Southern California Biorefinery and other BlueFire facilities like it using urban waste provide for ethanol production plants to be located in the markets with the highest demand for ethanol while extending the life of the landfills upon which they sit." Mr. Klann added that, "we are very pleased to be considered by DOE and welcome this opportunity to go into depth with their Committee about our exciting project."

BlueFire biorefineries provide a path towards meeting President Bush's Executive Order that sets a national goal of replacing more than 75% of our oil imports from the Middle East by 2025 and Governor Schwarzenegger's Executive Order for production of a minimum of 20 percent of California's biofuels within the State by 2010, 40 percent by 2020, and 75 percent by 2050. Ethanol production from cellulose is also responsive to the landmark piece of legislation recently signed by Governor Schwarzenegger to reduce greenhouse gas emissions to the 1990 levels by the year 2020. Ethanol has a positive benefit in greenhouse gas (GHG) emissions reduction. U.S. Department of Energy estimates that on a per gallon basis, corn ethanol reduces GHG emissions by 18% to 29%. However, cellulosic ethanol production technology such as BlueFire's, has an even greater benefit with an 85% reduction in GHG emissions.

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About us:

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

  • Investment Banker:
    Tom Rubin
    President/CEO
    Westcap Securities, Inc.
    18201 Von Karman Ave. Suite 550
    Irvine, CA 92612
    800-805-3334
    www.WestcapSecurities.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
    http://www.wallstreetresources.net