The engineering and other development activities are already in progress to integrate the pellet plant, while the preliminary site work for the ethanol facility has been completed.
The new design will now include a 9 million gallon per year ethanol plant integrated with a 400,000 ton per year wood pellet plant.
The wood pellets, blended with lignin from BlueFire’s process, will be sold under long term contracts into the European mandated renewable energy market. The company will announce synergistic partners after the definitive agreements are signed.
BlueFire president & CEO Arnold Klann said that the new design will provide an improved economic model for the Fulton facility and enable significant increase in projected revenues.
"It has become apparent in our attempts to obtain financing for the project that the right synergies and revenue model would be needed to build this first of a kind facility.
"The more profitable use of capital and the enhanced security of projected revenue streams more closely match what the banks have been requiring in the very conservative and restricted credit markets," added Klann.
