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BlueFire Announces Its Selection of MECS Inc., to Design and Build Its Cellulose to Ethanol Plants in North America
IRVINE, CA--(MARKET WIRE)--Dec 12, 2006 -- BlueFire Ethanol's President/CEO Arnold Klann announced today that BlueFire has signed a Memorandum of Understanding with MECS, Inc. (formerly Monsanto Enviro-Chem Systems, Inc.) as its lead Engineering Procurement and Construction contractor for the Company's cellulosic ethanol plants to serve the burgeoning renewable fuels market. BlueFire's goal is to design, develop and construct 20 plants in the next 6 years totaling 1.5 billion gallons in production and approximately $2.7 billion in gross revenue by 2012 with earnings in excess of $1.6 billion. MECS will work with BlueFire and JGC to complete design and commence construction of its first cellulosic plant by the second quarter of 2007.
MECS has built a reputation as a world leader in the design and construction of chemical plants. They have the engineering, procurement and construction capabilities to design and build turnkey ethanol projects. MECS also develops and delivers value added leading edge technologies to help improve plant productivity and reduce its energy costs.
"BlueFire is pleased to make this announcement regarding MECS, having assessed a number of qualified candidates across the market, we have concluded that MECS is best positioned to assist us in our growth goals," stated Arnold Klann.
"BlueFire's cellulose processing technology and business opportunities together with MECS' capabilities built on a heritage of nearly 100 years is an alliance that will lead to a very competitive solution for producing cellulosic ethanol from various biomass substrates," stated P.J. Desai, President of MECS. "We are excited to be working with BlueFire on the development and demonstration of the first commercial cellulosic ethanol plant in the United States and look forward to our alliance leading the rapid growth of this industry."
About MECS
Monsanto Enviro-Chem Systems Inc. was formed, as a wholly owned subsidiary, by Monsanto Company in 1969 through a consolidation of several existing process technology, product and services businesses, some of which were established as early as 1917. On August 5, 2005, the management team of Monsanto Enviro-Chem Systems, Inc. successfully completed the purchase of their company from Monsanto. As a separate company, MECS has a sharper focus and strengthened resolve to continue delivering the highest quality processes, technologies, services and personal relationships to its customers worldwide. http://www.mecsglobal.com/
About us:
BlueFire Ethanol, Inc. is established to deploy the commercially ready, patented, and proven Arkenol Technology Process for the profitable conversion of cellulosic ("Green Waste") waste materials to ethanol, a viable alternative to gasoline. BlueFire's use of the Arkenol Process Technology positions it as the only cellulose-to-ethanol company worldwide with demonstrated production of ethanol from urban trash (post-sorted MSW), rice and wheat straws, wood waste and other agricultural residues. Our goal is to develop and operate high-value carbohydrate-based transportation fuel production facilities worldwide. These "biorefineries" will convert widely available, inexpensive, organic materials such as agricultural residues, high-content biomass crops, wood residues, and cellulose from MSW into ethanol. BlueFire intends to build a multinational company that leads the world in producing biobased transportation fuels. Its business will encompass development activities leading to the construction and long-term operation of production facilities while maintaining technological advantage and ownership of the process technology and all its improvements. Ethanol will be produced from biorefinery facilities opportunistically constructed on or near landfills, waste collection and waste separation sites. Each facility will deploy the proprietary technology, which uses all cellulosic waste materials traditionally disposed of in landfills as feedstock. www.BlueFireEthanol.com
FORWARD-LOOKING STATEMENTS
Statements about BlueFire Ethanol, Inc.'s expectations, including future revenues and earnings, and all other statements in this press release other than historical facts are "forward-looking statements" within the meaning of section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934, and as the term is defined in the Private Litigation Reform Act of 1995. BlueFire's actual results could differ materially from expected results. BlueFire undertakes no obligation to update forward-looking statements to reflect subsequently occurring events or circumstances. Should events occur which materially affect any comments made within this press release; BlueFire will appropriately inform the public.
Contact:
Investment Banker:
Tom Rubin, President/CEO
Westcap Securities, Inc.
18201 Von Karman Ave. Suite 550
Irvine, CA 92612
800-805-3334
http://www.WestcapSecurities.com
Investor Relations Contact:
Gerald Kieft or Ryan Audin
Wall Street Resources, Inc.
2646 SW Mapp Road, Suite 303
Palm City, Florida 34990
772-219-7525
http://www.wallstreetresources.net

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