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Archive for February, 2013

Hot Route! New bioenergy financing pathway via Risk Transfer Guaranty Bonds

Facing overwhelming odds at the line of scrimmage when financing your first commercial? Time for an audible to avoid the fiscal sack — here’s one hot route to financing happy, via the bond market. One of the most interesting and compelling solutions to the problem of financing commercial-scale biofuels was unveiled this week at the [...]

February 27, 2013 More

Methes Energies reports net loss of approximately $3.97 million for fiscal 2012

In Nevada, Methes Energies reports that for fiscal year 2012, revenue totaled approximately $6.5 million for the year ended November 30, 2012 compared to $11.8 million in the year ended November 30, 2011. Net loss was approximately $3.97 million or $0.67 per common share in 2012, compared to a net loss of approximately $811,000 or [...]

February 27, 2013 More

Abengoa sees post tax profits of €125 million for 2012, proposes dividend of €0.072 per share

In Spain, Abengoa announced recorded revenues of €7,783 million in 2012, an increase of 10% compared to the previous year, while EBITDA grew by 13% to €1,246 million. Profit after tax fell by 51%, ending the year at €125 million, mainly due to the effect of discontinued activities in the figure reported for 2011. Based [...]

February 27, 2013 More

U.S. Life Sciences I-Bank Moody Capital leads Sirona Biochem’s US$2.7 million placement

In Canada, U.S. Life Sciences Investor Moody Capital Solutions led a a non-brokered private placement of up to 27,000,000 units of Sirona Biochem at a price of US$0.10 per unit gross proceeds of up to US$2,700,000. “Strong science coupled with attractive unmet markets makes Sirona Biochem an excellent investment for us,” said Tim Moody, President [...]

February 27, 2013 More

Wallace Corp. invests in Aduro Biopolymers

In New Zealand, Wallace Corporation, by volume New Zealand’s largest service rendering business, has invested in Aduro Biopolymers, a natural resource materials and biopolymer company. Aduro Biopolymers is a spin-out company formed by WaikatoLink Limited, the technology transfer office of the University of Waikato. The company was formed to develop and market materials and biopolymers [...]

February 27, 2013 More

SCRA Technology Ventures’ SC Launch Program announces funding to Integro Earth Fuels

In South Carolina, SCRA Technology Ventures’ SC Launch Program today announced that Integro Earth Fuels has received project demonstration funding to assist in construction of a manufacturing plant in Greenville County. Integro is a renewable fuel company that has developed a biomass-based solid fuel called NuCoal, designed to replace coal and reduce emissions for coal-fired [...]

February 27, 2013 More

Foster Wheeler awarded study contract by ETI to assess flexible power generation systems in the UK

In Switzerland, Foster Wheeler AG has been awarded a study contract by the United Kingdom-based Energy Technologies Institute.  The contract is for a five-month-long study to assess the economics of flexible power generation systems which involve the production of hydrogen from biomass, coal, or natural gas, the intermediate storage of hydrogen in such places as [...]

February 27, 2013 More

Natural Resources Minister Joe Oliver says that biofuel subsidies will end

In Canada, The Globe and Mail is reporting that Natural Resources Minister Joe Oliver sent a letter to the biofuels industry stating that while existing commitments would be met through 2017 when the ecoEnergy program expires. Mr. Oliver is quoted as stating, “The government will not redesign or reopen the ecoEnergy for biofuels programs to [...]

February 27, 2013 More

New Heat Logs released by Midland Bio Energy, switch to new biomass boiler supported by £950 Renewable Heat Premium scheme

In England, Midland Bio Energy has launched a new heat log briquette, specifically manufactured to achieve high temperatures with a low burn rate for use in both domestic and commercial environments – supporting The Renewable Energy Directive and the Renewable Heat Premium scheme which offers £950 to householders converting to a bio-mass boiler. “The new [...]

February 27, 2013 More

Earnings season: Heading to the Biobased Scorecard

Earnings season is upon us — time to go, as they say, to the scoreboard for an update on some of the sector’s perennial favorites. GPRE earning, DSM acquiring, AMRS shipping — some welcome pars, even a birdie or two, from the front-lines. Now, the ethanol sector has been going through one of its periodic [...]

February 20, 2013 More