Some interesting parallels and divergences with BFRE here..

http://www.biomassmagazine.com/article.j...

“You want to bring in a strategic investor,” he says. “Not just an investor. Not only are they bringing their checkbook, but they’re bringing other intellectual capital to the table that will assist Terrabon in ramping up its model. That’s what you want to look for when you’re a young company.”

Investors need to bring something above and beyond the dollar sign to maximize the benefit to companies in which they invest, Eustermann adds. “You don’t want to be an investment vehicle where the third party is simply looking for a return,” he says. “They’ve got to bring a little something extra to the table.”


(me)JGC? They have brought IP but will they invest? Gelbaum? Cash only.

"Waste Management announced in August that it would invest in Terrabon, also, which brings benefits to the other partners. “Anything that helps Terrabon advance its technology and produce the fuels is going to help our investment payoff,” Day says. “We’re glad Waste Management has become part of the team, as well.”

In fact, the announcement that Valero would invest in Terrabon helped attract attention from Waste Management and eventually spurred an investment and partnership, according to Tim Cesarek, managing director of organic growth for Waste Management."

(me) BFRE has a upstream and downstream partner but there is no investment by either one.

"Terrabon has two revenue models. One is build-to-operate and the other is to license to developers who pass the review process so they can build and operate their own systems, according to Luce. "

(me) Similar to BFRE.

"“That’s one of the reasons we’ve partnered with Waste Management and Valero: to go out and deploy this technology together and then show how it can be successful and then other people can come in behind us,” Luce says. "

(me) Bfre has yet to partner with anyone who is willing to invest AND help deploy their technology. Their upstream and downstream partners are willing to work with BFRE but are not willing to help build or deploy(read invest) any of BFRE's technology.