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BlueFire secures supply contract for ethanol plant
The deal comes on the heels of the Irvine-based firm's purchase agreement with Tenaska BioFuels.
By Kristen SchottPublished: September 27, 2010 09:10 AM
Irvine-based BlueFire Renewables has signed a supply contract with Cooper Marine & Timberlands to provide feedstock for the clean tech firm's planned cellulosic ethanol plant in Fulton, Miss., for up to 15 years.
The deal is another "significant step forward" for BlueFire and follows a 15-year agreement with Tenaska BioFuels, which calls for the Nebraska-based firm to purchase and sell all ethanol produced at the facility once it's up and running, said company CEO Arnold Klann.
"Coupled with our recently announced off-take agreement with Tenaska BioFuels LLC, the key input and output contracts required for financing are now resolved," he said.
Under the new deal, Alabama-based Cooper Marine & Timberlands will supply the Fulton plant with materials – or feedstock – such as wood and forest residual chips, urban wood waste such as construction, storm and land-clearing debris, and manufactured wood residue.
The feedstock will be used to produce 19 million gallons of ethanol per year at the plant through BlueFire's technology that converts cellulosic – or green – waste to renewable fuel sources.
"Responsible biomass production has an important role to play in improving the state of local economies," said Phil Willingham, executive vice president of Cooper Marine & Timberlands. "We look forward to utilizing our extensive experience in biomass feedstock procurement and logistics in establishing a sustainable biomass feedstock supply chain for BlueFire's Fulton project."
Related headlines
BlueFire Renewables strikes 15-year deal
Fisker Automotive adds two members to its board
Irvine-based Quantum nets $4.4 million in financing
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The deal is another "significant step forward" for BlueFire and follows a 15-year agreement with Tenaska BioFuels, which calls for the Nebraska-based firm to purchase and sell all ethanol produced at the facility once it's up and running, said company CEO Arnold Klann. "Coupled with our recently announced off-take agreement with Tenaska BioFuels LLC, the key input and output contracts required for financing are now resolved," he said. Under the new deal, Alabama-based Cooper Marine & Timberlands will supply the Fulton plant with materials – or feedstock – such as wood and forest residual chips, urban wood waste such as construction, storm and land-clearing debris, and manufactured wood residue. The feedstock will be used to produce 19 million gallons of ethanol per year at the plant through BlueFire's technology that converts cellulosic – or green – waste to renewable fuel sources. "Responsible biomass production has an important role to play in improving the state of local economies," said Phil Willingham, executive vice president of Cooper Marine & Timberlands. "We look forward to utilizing our extensive experience in biomass feedstock procurement and logistics in establishing a sustainable biomass feedstock supply chain for BlueFire's Fulton project." Related headlines BlueFire Renewables strikes 15-year deal Fisker Automotive adds two members to its board Irvine-based Quantum nets $4.4 million in financing |
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