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Steelcase Receives Multiple Certifications

Steelcase Inc. (NYSE: SCS), a global office furniture manufacturer, has received a silver McDonough Braungart Design Chemistry(MBDC) Cradle to Cradle Certification for three of its products. These certifications follow on the heels of Steelcase’s industry-first certification for its Answer® powered workstation in 2006. The Montage® workstation, including panels, wood worksurfaces, tile fabric, and overhead storage is one of three newly certified products. The other products recognized with silver certifications are Steelcase’s Siento(TM) executive chair and the first ever certified full-height architectural wall product — Pathways® Privacy Wall. With more than a dozen C2C certified products, Steelcase has more certified products than any other manufacturer. Cradle to Cradle Product Certification places primary emphasis on the human and ecological health impacts of a material’s ingredients, and focuses on the ability to recycle or safely compost those materials. In addition to stringent material criteria, which includes prohibiting the use of PVC, companies seeking this certification are required to meet strict criteria for social fairness and corporate practices and ethics. Cradle to Cradle product certifications have recently been recognized by the U. S. Green Building Council and is now included within USGBC’s LEED® Green Building Rating System(TM) and eligible for earning “Innovation in Design” […]

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Biofuels Resources Raises $7.9M

The FE Global/Asia Clean Energy Services Fund L.P. and the FEGACE Asia Sub-Fund L.P. have finalized an investment in Biofuels Resources Inc. (BRI), a company established to construct ethanol plants in the Philippines. ” The Funds will invest jointly with BronzeOak Philippines Inc. in a series of four special purpose companies focused on ethanol production in the Philippines. San Carlos Bioethanol Inc. is the first in this series of investments. The project will produce and sell 125,000 liters of ethanol daily, using sugar cane juice from local growers as a raw material. One of the most interesting aspects of the project relates to the project’s use of contracts with multiple sugar cane suppliers to secure a stable price for approximately 50% of the raw material needs of the plant. According to Richard Roberts, Director of FE Clean Energy Group Inc., “The project has a pricing agreement for 50% of the sugar cane that will be used as a feedstock for the plant. The price of this sugar cane will be tied to the sales price of ethanol, thereby lowering the risk of diverging sugar and ethanol prices.” The SCBI project has entered into an ethanol off-take agreement with a prominent […]

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