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Archive for December, 2012

Vega Biofuels will provide samples to European power companies for testing

In Georgia, Vega Biofuels announced that it will start shipping samples of torrefied pellets to European power companies for testing. The samples will be ready for shipping by the end of January. “The first step in marketing our product is to allow clients to do laboratory testing,” stated Michael K. Molen, Chairman/CEO of Vega Biofuels.  [...]

December 28, 2012 | 1 Comment More

Elan completes demerger of Prothena

In Ireland, Elan has completed the separation of a substantial portion of its drug discovery business (the Prothena Business) into a new independent, publicly traded company, Prothena Corporation, which is incorporated in Ireland. Prothena today commenced trading on the NASDAQ Global Market under the ticker symbol “PRTA”. Under the terms of the demerger, Elan shareholders [...]

December 28, 2012 | 0 Comments More

HealthCare Royalty Partners provides Nuron Biotech $80 million in financing

In Pennsylvania, HealthCare Royalty Partners provided Nuron Biotech with $80 million in financing.  The included a $30 million equity investment and a $50 million Synthetic Royalty agreement tied to future sales of Meningitec, HibTITER and Nuron’s other products, including NU100. Proceeds will support the commercialization and expansion of Meningitec.  Also, proceeds will be used to [...]

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Hercules Technology provides year-to-date and Q4 2012 portfolio update

In California, Hercules Technology Growth Capital announced its quarter-to-date fourth quarter 2012 portfolio update. In the quarter-to-date, Q4 2012 closed commitments of $205 million. For the year-to-date 2012, Hercules closed and has pending commitments of $668 million. It has completed securitization of $231 million, and issued $129 million Class A notes that are rated A2 [...]

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Plasco to build 15MW waste to electricity facility in Ontario

In Canada, the Plasco Energy Group announced it will build a 150,000 tonnes per year Waste Conversion Facility in Ottawa, using the Plasco Conversion System to create synthetic gas, which will produce approximately 15MW of net electricity that will be sold to the grid. Residual solids are refined using Plasma to produce slag which meets [...]

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GDT Tek executes MOU with Green USA Recycling

In Florida, GDT Tek has executed a Memorandum of Understanding with Green USA Recycling.  The MOU delineates how the two Companies work together on the various projects that are available to both.  Green USA recycles 100% of waste material and manufactures RDF pellets for electric utilities. GDT Tek will be providing Phoenix units at their [...]

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SDTC makes annual call for applications to $500 million NextGen Biofuels Fund

In Canada, Sustainable Development Technology Canada is its Annual Call for Applications under the NextGen Biofuels Fund, which was created by the Government of Canada to support the establishment of first-of-kind large demonstration-scale facilities for the production of next-generation renewable fuels and co-products. The NextGen Biofuels Fund™ supports up to 40% of eligible project costs. [...]

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Thailand Board of Investment to support investment in alternative energy

In Thailand, the governmental agency Thailand Board of Investment has announced its support in alternative energy investment after findings have shown that demand for energy will increase by 39% within 9 years. Thailand has agricultural products that can be used as energy sources such as biomass, biogas, biodiesel and ethanol, as well as waste. Dr. [...]

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ChloroFill and Chromatin partner to harvest sorghum biomass for the production of renewable building materials

In California and Illinois, ChloroFill, a renewable, sorghum-based building material company, and Chromatin, an agricultural biotechnology company that is developing sorghum feedstocks for bio-industrial processes, announced a collaboration to harvest Chromatin sorghum for the production of ChloroFill’s building products. This represents the first use of Chromatin’s proprietary sorghum for the manufacture of renewable building materials. [...]

December 28, 2012 | 0 Comments More

Conifex Timber completes biomass finance deal

In Canada, Conifex Timber has completed its bought deal offering of 1,329,566 units of the company, which includes the exercise of the underwriters’ over-allotment option, resulting in aggregate gross proceeds of approximately $9.3million.  Conifex and its subsidiaries’ primary business currently includes timber harvesting, reforestation, forest management, sawmilling logs into lumber and wood chips, and value [...]

December 28, 2012 | 0 Comments More