BlueFire Renewables (BFRE) and China Huadian Sign MOU for Financing of Mississippi Power Plant
BlueFire Renewables Inc., a company focused on the production of renewable fuels from non-food cellulosic wastes, announced it has entered into a Memorandum of Understanding (MOU) with China Huadian Engineering Co. LTD to finance BlueFire’s integrated Power Plant and Biorefinery in Fulton, Miss., as well as up to five additional plants in the U.S. upon success of the Fulton project. Per the MOU, Huadian will purchase a stake in BlueFire Fulton Renewable Energy LLC and, optionally, debt for the Fulton project to support the financing and construction for this cellulosic ethanol facility. Huadian is one of China's largest utilities companies,…