IRVINE, CA (July 20, 2010) – During their annual shareholder
meeting on Thursday, July 15, BlueFire Ethanol Fuels, Inc. (OTC
Bulletin Board: BFRE.OB), a company focused on changing the world's
transportation fuel paradigm through the production of renewable
fuels from non-food cellulosic wastes, appointed Roger Petersen as
a new Board Member.
Petersen has a wealth of experience dealing with corporate mergers
and acquisitions, development, finance, operations, and
engineering/construction. Petersen previously served as the
president of PPL Global, LLC, a company he helped create in 1995
and expanded to $3 billion in assets throughout the U.S., U.K.,
Portugal and Latin America, which generated over $900 million in
revenue in just seven years. PPL Global is a subsidiary of PPL
Corporation, a Fortune 500 company with electric and gas
distribution, electric generation, and power marketing. Most
recently, Petersen served as the President and CEO of Montana
Horizons, LLC, a company in which he founded to support utility
mergers and acquisitions, and energy development projects. There he
provided advisory services that resulted in a multi-billion dollar
electric utility acquisition.
“BlueFire has great potential to provide an array of renewable
energy sources to the fuel market. I’m very excited about becoming
a member of the board and look forward to helping the company move
forward and contributing to the strategic vision and growth of
BlueFire Ethanol,” says Roger Petersen.
“We are extremely pleased that Roger Petersen has agreed to join
our team,” says Arnold Klann, CEO of BlueFire Ethanol. “His
expertise and 20 plus years of experience will serve as a valuable
asset to our company as we advance into the next stages of
production.”
BlueFire is currently in the process of developing two cellulosic
ethanol facilities in Lancaster, CA and Fulton, MS. The
fully-permitted and shovel-ready Lancaster, CA facility, BlueFire’s
first U.S. commercial plant, will use post-sorted cellulosic wastes
diverted from Southern California's landfills to produce
approximately 3.9 million gallons of fuel-grade ethanol per year.
BlueFire is in the detailed engineering phase for its second
commercial plant in Fulton, MS, which will produce approximately 19
million gallons of ethanol per year from woody biomass, mill
residue, and other cellulosic waste. These two planned facilities
will create more than 1,000 construction jobs and, once in
operation, more than 100 new operations and maintenance jobs. This
is in addition to the hundreds of jobs created or maintained at
equipment vendors and suppliers.
BlueFire recently announced that the Department of Energy has
determined that the company has met the requirements necessary for
Phase I of the application process and that the company has been
invited to continue on to Phase II for the financing of their
Fulton, MS Project.
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