BlueFire Renewables secures 15-year off-take agreement with Tenaska BioFuels for Mississippi cellulosic ethanol plant

摘要

BlueFire Renewables Inc (BRI) has announced an off-take agreement with Tenaska BioFuels LLC (TBL) for the purchase and sale of all ethanol produced at BRI's planned cellulosic ethanol plant in Fulton, MS. Pricing of the 15-year contract follows a market-based formula structured to capture the premium allowed for cellulosic ethanol compared to corn-based ethanol giving BRI a credit worthy contract to support financing of the project. Despite the long-term nature of the contract, BRI is not precluded from the upside in the coming years as fuel prices rise.