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Archive for October, 2013

Novozymes’ interim report for the first 9 months of 2013

In Denmark, Novozymes stated that their 9 month sales and earnings performance was in line with expectations. Organic sales growth was 6% (5% DKK, 7% LCY), EBIT grew by 6%, net profit by 8%, and the EBIT margin increased by 0.4 percentage point to 25.0% compared with the first 9 months of 2012. The full-year […]

October 30, 2013 More

Evogene reports third quarter 2013 financial results

In Israel, Evogene announced its financial results for the third quarter and nine months ended September 30, 2013. Evogene saw a total comprehensive loss of $4.7 million for the first 9 months, compared to a total comprehensive loss of $1.8 million for the same period in 2012. Total comprehensive loss for the third quarter of […]

October 30, 2013 More

EBRD loan for upgrade of Pale heating

In Bosnia, the European Bank for Reconstruction and Development is supporting the modernisation and expansion of Gradske Toplane Pale, the provider of district heating in Pale, with a loan of up to €4.5 million. The loan will be used for the acquisition of a new biomass boiler and the reconstruction and extension of the heat […]

October 30, 2013 More

Citi appointed Depositary for Abengoa ADR program

In New York, Citi, acting through Citibank N.A., has been appointed as depositary bank for Abengoa, for its American Depositary Receipt program. Abengoa’s American Depositary Shares trade on the NASDAQ Stock Market under the symbol “ABGB,” with each ADS representing five ordinary Class B shares. Abengoa’s Class B shares are listed on the Madrid and […]

October 30, 2013 More

Algae.Tec signs agreement to provide Phoenix Energy with its algae to biofuels technology

In Australia, Algae.Tec signed a binding agreement with Phoenix Energy Australia to provide its proprietary algae to biofuels technology for waste to energy facilities proposed for Australia and New Zealand. Algae.Tec has agreed to an exclusive arrangement to provide its technology for any W2E plant built by Phoenix Energy Australia. Algae.Tec’s technology will capture the […]

October 30, 2013 More

Ceres and Syngenta extend market development in Brazil

In California, Ceres, Inc. and Syngenta announced today that they have extended a joint market development agreement in Brazil. The companies will move forward with their efforts to promote the use of both sweet sorghum and high biomass sorghum at Brazilian ethanol mills. Under the renewed agreement, Syngenta and Ceres will continue to collaborate on […]

October 30, 2013 More

CAR awarded federal grant to study automotive bio-based materials cluster in Michigan

In Michigan, the Center for Automotive Research, recieved a $1,471,800 grant, to be shared amongst CAR and its partners, the Michigan Manufacturing Technology Center, Macomb/St. Clair Workforce Development Board, and National Center for Manufacturing Sciences, collectively known as the “Biotech Partnership.”  “Our project, Building Capacity and Capability in the Bio-Based Materials Manufacturing Sector, will build […]

October 30, 2013 More

Unnamed sources report that Malaysia will be increasing biodiesel blend to 7%

In Malaysia, the government is planning to increase the palm oil biodiesel blend to 7%, up from 5%.  In an article published by Malaysian Insider, an unnamed Malaysian Biodiesel Association official is quoted, “So far the direction from the ministry is quite clear. We’re really moving to B7.” A government official, also unnamed, told the […]

October 30, 2013 More

Dyadic International extends all debt maturity dates

In Florida, Dyadic International announced that it has entered into agreements with all of its outstanding promissory note holders to extend their maturity dates to January 1, 2015. The convertible portion of the debt, representing $6.8 million of the total $8.2 million outstanding principal, may be prepaid by Dyadic at any time in whole or […]

October 23, 2013 More

Abengoa announces exercise of greenshoe option

In Washington, Abengoa announced that the underwriters of the previously announced Offering of 250,000,000 Class B Shares (either in the form of shares or American Depositary Shares) have exercised in full their over-allotment option to purchase an additional 37,500,000 Class B Shares from Abengoa.  Including the exercise of the over-allotment option, Abengoa’s offering amounts to […]

October 23, 2013 More