BlueFire turns to MasTec for Mississippi ethanol facility
BlueFire Renewables, Inc. has finalized and signed an engineering, procurement and construction (EPC) contract for its planned cellulosic ethanol facility in Fulton, Mississippi. The facility will be engineered and built by Wanzek Construction, Inc., a wholly owned subsidiary of MasTec, Inc., for a fixed price of $296 million which includes an approximately $100 million biomass power plant as part of the facility.
The contract is negotiated in a manner to be appealing for non-recourse project bank financing and, more importantly, serves as the final key project contract agreement to move forward with both the DOE and USDA Loan Guarantee Programs.
"Having recently announced off-take and feedstock agreements for our Fulton, Mississippi plant, BlueFire Renewables has now satisfied all stated requirements to move forward on an agreement with either the DOE or USDA for a loan guarantee to complete financing of the project," stated Arnold Klann, CEO of BlueFire Renewables, Inc. "BlueFire now stands poised to finalize the government negotiations and affect the financing and construction of this commercial-sized cellulosic ethanol plant."
The Fulton, Mississippi, project will allow BlueFire to utilize green and wood wastes available in the region as feedstock for the ethanol plant that is designed to produce approximately 19-million gpy of ethanol.
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