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Archive for April, 2013

Earnings Call: DuPont shares take off – what’s up?

If you follow the market, or the Biofuels Digest Index yesterday, you will have noticed that shares in DuPont took off yesterday following release of Q1 earnings — a 4 percent jump in all — adding more than a billion in market cap to the industrial giant. What happened? What do results now mean for […]

April 24, 2013 More

VIASPACE Green Energy reports net loss of $4.5 million for 2012

In Georgia, VIASPACE reported a net loss for 2012 of $4,539,000 compared to a net loss in 2011 of $7,932,000, a decrease of $3,393,000. Mr. Sung Chang, President of VIASPACE Green Energy stated, “The fourth quarter of 2012 represented the first quarter that we have reported revenues derived from the sale of Giant King Grass […]

April 24, 2013 More

3SBio receives updated proposal for merger and going private

In China, 3SBio, a company focused on researching, developing, manufacturing and marketing biopharmaceutical products, reported they have received an updated merger proposal. The letter is from Dr. Jing Lou , 3SBIO Chairman and CEO, CPEChina Fund, and CITIC Private Equity Funds Management. In the new proposal letter, Dr. Lou and CITIC PE proposed to increase […]

April 24, 2013 More

Farm Credit Canada loans $3 million to Innovente

In Canada, Farm Credit Canada has agreed to loan Innovente up to a maximum amount of $3 million. Innovente will use the loan primarily for commercial operation of the first cogeneration plant of Innovente located at Saint-Patrice-de-Beaurivage, which is set to occur in the coming weeks. “FCC is proud to support Innovente in its innovative […]

April 24, 2013 More

H.C. Wainwright acts as placement agent for Northwest Biotherapeutics in $10 million stock transaction

In Maryland, H.C. Wainwright & Co acted as the exclusive placement agent for a transaction between Northwest Biotherapeutics and a single healthcare dedicated institutional investor for a registered direct placement of $10 million of common stock at the closing market price of $3.90 per share. Northwest will also issue to the investor warrant coverage of […]

April 24, 2013 More

Monsanto announces $400 million expansion plan at Chesterfield Village Research Center

In Missouri, Monsanto announced plans to bring together its St. Louis-based  industry-leading research and development team on one campus when it completes a more than $400 million expansion at its Chesterfield Village Research Center. The company plans to begin work this summer and expects to add 675 jobs across St. Louis County over the next […]

April 24, 2013 More

Johnny Rockets recycles fry oil through DAR PRO Solutions

In California, Johnny Rockets partners with DAR PRO Solutions to recycle its restaurants used fry oil into renewable diesel fuel.  Each year, Johnny Rockets serves about eight million pounds of american fries and two million orders of onion rings, all of which use fry oil. Through DAR PRO Solution’s green program, Johnny Rockets’ 29 corporate-owned […]

April 24, 2013 More

BioProcess Algae awarded $6.4 million DOE grant for advanced biofuels for military

In Nebraska, BioProcess Algae has been selected to receive a grant of up to $6.4 million from the U.S. Department of Energy as part of an innovative pilot-scale biorefinery project related to production of hydrocarbon fuels meeting military specification. The project will use renewable carbon dioxide, lignocellulosic sugars and waste heat through BioProcess Algae’s Grower […]

April 24, 2013 More

Brazil to give R$970 million credit for ethanol and R$4 billion in crop loans

In Brazil, Bloomberg reports that Finance Minister Guido Mantega announced that effective May 1, R$970 million in credits as an offest to the R$0.12/liter ethanol tax, and as much as R$4 billion for crop renewal loans for 2013, along with a R$2 billion reais line of credit to stockpile ethanol. President Dilma Rousseff is quoted […]

April 24, 2013 More

Ceres announces $8.97 million lost for Q2 2013

In California, Ceres announced that for the quarter which ended February 28, 2013, a net loss of $8.97 million compared to a net loss of $6.83 million for Q2 in 2012. At the end of Q2, Ceres had cash and cash equivalents of $15.5 million and marketable securities of $29.4 million. Total revenues for the […]

April 17, 2013 More