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Renewable Fuels

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Magnegas Corp expands product offering to include sale of CO2 in florida

Wednesday, 18 Jan 2017 08:00am EST

Magnegas Corp : Magnegas Corp - expanded its product offering to include commercial sale of carbon dioxide in Florida .Magnegas Corp - will initially add CO2 to its industrial gas line of products in Sarasota and Ft Myers areas of Florida.

Verbio Vereinigte Bioenergie increases 2016/2017 earnings forecast

Thursday, 12 Jan 2017 09:41am EST

Verbio Vereinigte Bioenergie AG : Increases its earnings forecast for financial year 2016/2017 following strong second quarter and based on high expected production facility utilization rates for the second half of the financial year 2016/2017 . Expects to achieve an EBITDA of approximately 90 million euros ($95.81 million) in financial year 2016/2017 and to increase net cash by end of financial year to approximately 120 million euros . In its most recent previous forecast company had expected EBITDA of approximately 55 million euros and net-cash of 88 million euros .Verbio Vereinigte Bioenergie - updated guidance due to high overall capacity utilization, unexpected strong operational margins in Q2 16/17, recent increases in prices for bioethanol and current good level of orders for H2 16/17.

CropEnergies 9mth operating profit down at EUR 59 mln

Wednesday, 11 Jan 2017 01:00am EST

CropEnergies AG : Grows in 3rd quarter and increases earnings forecast - reduction of emissions required by european commission only possible with secure basis for conventional biofuels . In first nine months of financial year 2016/17, increased revenues slightly to 565 million euros ($596.08 million)(previous year: 558) million euros) . Jump in revenues in 3rd quarter to 215 million euros(previous year: 168 million euros) contributed significantly .9Mth operating profit was also slightly lower than in previous year at 59 million euros ($62.25 million)(previous year: 63) million euros).

Enerkem names Dominique Boies CFO

Tuesday, 10 Jan 2017 10:06am EST

Enerkem Inc : Enerkem appoints new CFO . Named Dominique Boies as Executive Vice-President and Chief Financial Officer .Prior to joining Enerkem, Boies was Executive Vice-President and Chief Financial Officer at RONA.

Guangzhou Devotion Thermal Technology units to raise totaling 33.8 pct stake in energy firm

Monday, 2 Jan 2017 09:39pm EST

Guangzhou Devotion Thermal Technology Co Ltd <300335.SZ> :Says co's two units entered into agreement to acquire totaling 33.8 percent stake in an energy firm engaged in heat supply service business.

Mejority Capital enters agreement to sell HONG KONG subsidiary

Monday, 2 Jan 2017 08:24pm EST

Mejority Capital Ltd : Sale of mejority securities-mjc.ax . Entered into a memorandum of understanding to sell its interest in mejority securities limited of hong kong . Total cash returned to mjc is in order of a$2.2 million . A historical revenue stream through bridge global asset management limited of cayman islands has ceased. . Clients of bgam, who were unknown to mjc, withdrew their funds . Company is in discussion with other car's whom it hopes will materialise into formal commercial agreements through next quarter . MJC is setting up new funds management platforms and anticipates being able to announce new arrangements in this area in near future .Expects combination of two revenue streams will see an increase in operational revenues from that reported at 30 june 2016.

Mejority Capital enters agreement to sell HONG KONG subsidiary

Monday, 2 Jan 2017 05:53pm EST

Mejority Capital Ltd : Sale of mejority securities-mjc.ax . Entered into a memorandum of understanding to sell its interest in mejority securities limited of hong kong . Total cash returned to mjc is in order of a$2.2 million . A historical revenue stream through bridge global asset management limited of cayman islands has ceased. . Clients of bgam, who were unknown to mjc, withdrew their funds . Company is in discussion with other car's whom it hopes will materialise into formal commercial agreements through next quarter . MJC is setting up new funds management platforms and anticipates being able to announce new arrangements in this area in near future .Expects combination of two revenue streams will see an increase in operational revenues from that reported at 30 june 2016.

Global Bioenergies plans to acquire Dutch start-up Syngip B.V.

Wednesday, 21 Dec 2016 11:53am EST

Global Bioenergies SA : Plans to acquire Dutch start-up Syngip B.V. . Signed a contribution agreement with the shareholders of Syngip B.V. to transfer all Syngip shares to Global Bioenergies S.A. . Global Bioenergies would issue 37,240 new ordinary shares for Syngip B.V.'s current shareholders, and 69,161 share allocation warrants ("BAA") granted free of charge . The 37,240 new ordinary shares would represent a valuation of approx. 875,000 euros ($912,100.00), established based on a share price of 23.4956 euros. . They represent a dilution of approximately 1.1 pct for existing shareholders . The BAA would enable access to 69,161 shares, representing a valuation of approx. 1,625,000 euros at the reference price of 23.4956 euros, i.e. an additional dilution of 2.1 pct . Commits to reimbursing the current shareholder’s accounts in Syngip B.V. for a total amount of 150,000 euros, with all debt held by shareholders in excess of this amount being cancelled .The transaction's completion remains subject to the fulfilment of several suspensive conditions including approval by the shareholders of Global Bioenergies.

Guangzhou Devotion Thermal Technology unit to jointly set up natural gas distributed energy services JV

Tuesday, 20 Dec 2016 03:58am EST

Guangzhou Devotion Thermal Technology <300335.SZ>: Says its Shanghai-based energy technology subsidiary will use 22 million yuan to set up a JV in Changsha with a Changsha-based energy industry investment company . Says the JV with registered capital of 40 million yuan will be engaged in natural gas distributed energy services .Says the subsidiary will hold 56 percent stake in the JV.

Cropenergies 9-month revenues up at 565 million euros

Tuesday, 20 Dec 2016 02:00am EST

Cropenergies AG : Operating profit reached 59 million euros ($61.25 million) (previous year: 63 million euros) after nine months and was slightly lower than in previous year . Now expects FY revenues between 760 million and 790 million euros (previously: 670 million to 720 million euros) and an operating profit in a range of 70 million to 85 million euros (previously: 50 million to 80 million euros) .In first nine months of financial year 2016/17 generated revenues at 565 million euros (previous year: 558 million euros).

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