SucreSource and GS Caltex sign agreement

The wholly owned subsidiary of BlueFire Renewables, Inc., SucreSource, has entered into an agreement with the Korean petroleum company GS Caltex, to build a cellulose-to-sugar facility in South Korea. The plant will process 2 tons of construction and demolition debris per day into cellulosic sugar which will then be converted by GS Caltex’s proprietary technology into a high value chemical. GS Caltex and SucreSource will jointly own and operate the plant. “As a major petroleum producer, GS Caltex is a perfect partner with which to initiate the business build out. Korea, like the U.S., China, and several other nations, is moving away from food-based sugars to produce high-end products such as biobutanol, ethanol, ethyl levulinate and various other chemicals. SucreSource is a first mover in this space and has the proven technology to meet this increasing cellulosic sugar demand head-on. This facility will be the first of many to be built,” said Arnold Klann, President and CEO of SucreSource. The two companies plan to work together in developing and building more commercial scale facilities in South Korea and the world. (February 14, 2012)