BlueFire moves closer to $250M federal loan guarantee

08/4/2010 | ZDNet

BlueFire Ethanol has passed the initial round of evaluations for a $250 million loan guarantee from the Department of Energy, according to Heather Clancy in this blog post. The company is seeking the loan guarantee to bolster the $88 million in funding it has for a proposed cellulosic-ethanol plant in Fulton, Miss. When completed, the facility is expected to produce up to 19 million gallons of ethanol annually.

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