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IRVINE, CA -- (MARKET WIRE) -- 02/06/07
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BlueFire Ethanol, Inc. (PINKSHEETS: BFRE)
-- Witnesses before the U.S. Senate Energy and Natural Resources
Committee this past Thursday (2/1/07) presented testimony that the
vast majority of U.S adults say national and state governments
should provide financial incentives to biofuels producers to
encourage the production and availability of biofuels. Testimony
was also presented to state that there is great public support for
doing more to make biofuels a realistic replacement for gasoline in
the near future.
Arnold Klann, President of BlueFire
Ethanol, stated that, "A great opportunity to advance the
Cellulosic Ethanol Industry and wean us from our petroleum
dependence is now available which can be accelerated if Congress
acts to fund programs they have already authorized in the Energy
Policy Act of 2005."
Last September 22nd, BlueFire joined a
group of distinguished cellulosic ethanol companies in a
Congressional Briefing before Congress to admonish the mistaken
impression that the cellulosic ethanol industry was embryonic and
still a long way off. To the contrary, these industry
representatives jointly reported that they were able to commence
construction immediately on their production facilities with the
assistance of the authorized Federal loan guarantees that would
provide capital investors the security to make cellulosic ethanol
production a reality.
"Title 15 of the Energy Policy Act of
2005, if fully funded, will advance the commercialization of
producing ethanol from cellulosic materials that we are now burying
in our landfills," said Mr. Klann. "The raw material is available,
the technology is ready and federal and several state governments
have said they want to build cellulosic ethanol plants. It's time
to make public and private partnership work. We are working hard to
advance our business plans to fuel America with its waste
materials. We challenge the U.S. Government to step up and do its
part now in making cellulosic ethanol happen," added Mr. Klann.
Another program that was also authorized
in the Energy Policy Act of 2005 and for which the DOE has already
solicited for cannot move forward without appropriations. BlueFire
has been short-listed on this grant program and is waiting to hear
from the DOE so it can complete its financing to start building its
biorefinery in a California landfill. This project will provide a
model for a network of ethanol biorefineries BlueFire plans to
build across America's landfills.
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