Bluefire Renewables loses DOE grant

Bluefire Renewables Inc. received notice that the Department of Energy (DOE) would no longer provide funding under the Company’s DOE grant for the development of its cellulosic waste facility in Fulton, Mississippi, due to the its inability to comply with certain deadlines related to providing certain information to the DOE with respect to the future financing arrangements for the Fulton Project. The company is seeking to re-establish funding under the DOE Grant and has initiated the appeals process with the DOE. Bluefire Renewables said it shall exhaust all options available to it in order to reverse the DOE’s decision. It plans to deploy any remaining funds from previous DOE funding for the development of the Fulton Project as planned.