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IRVINE, CA--(MARKET WIRE)--Dec 12, 2006 --
BlueFire Ethanol's (Other OTC:BFRE.PK - News) President/CEO Arnold
Klann announced today that BlueFire has signed a Memorandum of
Understanding with MECS, Inc. (formerly Monsanto Enviro-Chem
Systems, Inc.) as its lead Engineering Procurement and Construction
contractor for the Company's cellulosic ethanol plants to serve the
burgeoning renewable fuels market. BlueFire's goal is to design,
develop and construct 20 plants in the next 6 years totaling 1.5
billion gallons in production and approximately $2.7 billion in
gross revenue by 2012 with earnings in excess of $1.6 billion. MECS
will work with BlueFire and JGC to complete design and commence
construction of its first cellulosic plant by the second quarter of
2007.
MECS has built a reputation as a world
leader in the design and construction of chemical plants. They have
the engineering, procurement and construction capabilities to
design and build turnkey ethanol projects. MECS also develops and
delivers value added leading edge technologies to help improve
plant productivity and reduce its energy costs.
"BlueFire is pleased to make this
announcement regarding MECS, having assessed a number of qualified
candidates across the market, we have concluded that MECS is best
positioned to assist us in our growth goals," stated Arnold
Klann.
"BlueFire's cellulose processing
technology and business opportunities together with MECS'
capabilities built on a heritage of nearly 100 years is an alliance
that will lead to a very competitive solution for producing
cellulosic ethanol from various biomass substrates," stated P.J.
Desai, President of MECS. "We are excited to be working with
BlueFire on the development and demonstration of the first
commercial cellulosic ethanol plant in the United States and look
forward to our alliance leading the rapid growth of this
industry."
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About MECS
Monsanto Enviro-Chem Systems Inc. was
formed, as a wholly owned subsidiary, by Monsanto Company in 1969
through a consolidation of several existing process technology,
product and services businesses, some of which were established as
early as 1917. On August 5, 2005, the management team of Monsanto
Enviro-Chem Systems, Inc. successfully completed the purchase of
their company from Monsanto. As a separate company, MECS has a
sharper focus and strengthened resolve to continue delivering the
highest quality processes, technologies, services and personal
relationships to its customers worldwide. http://www.mecsglobal.com/
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