1. Home
  2. Articles posted by: Rona Fried (Page 1412)

PetroSun Announces Formation of AL-G-BAMA

PetroSun, Inc. Other OTC:PSUD.PK) has filed Articles of Incorporation for AL-G-BAMA, Inc. with the State of Alabama. The Company was formed as the result of recent meetings with officials from the State of Alabama, Auburn University and private interests regarding the cultivation of algae for the purpose of biofuel and animal feed production within the state. PetroSun holds an 80% equity position in AL-G-BAMA with the balance held by private parties from Alabama. The initial pilot plant will be located in Opelika, Alabama. The purpose of this facility is to test both open and closed algae growth systems for commercial viability. The Company will also test extraction and refining technology from several manufacturers during the field trials. Algae BioFuels, a PetroSun wholly owned subsidiary, will license technology to AL-G-BAMA and joint operate the facility with the other equity partners. About PetroSun PetroSun’s current oil and gas operations are concentrated in the Ark-La-Tex region with plans to expand into New Mexico, Arizona and Australia in 2007. Algae BioFuels, a wholly owned subsidiary of PetroSun, is an emerging producer of biodiesel derived from the cultivation of algae. Website: [sorry this link is no longer available]     

Read More

BIOPETROL Posts Strong Growth in Sales, Profits

BIOPETROL INDUSTRIES AG achieved strong growth in sales and profits in 2006. Group sales increased 46% to ¬127.6 million (previous year: ¬87.1 million); gross profit increased by 31% to ¬13.7 million (¬10.4 million); the gross margin was 10.7%. The operating result grew by 24% to ¬7.2 million (¬5.8 million) and net group profits rose by 78% to ¬5.7 million (¬3.2 million). “In 2006 we extended our position in the biodiesel market, increased the capacity as scheduled and prepared the company structure for our future growth in Europe,” said Klaus-Ulrich Henschel, CEO. In December, after only eleven months of construction, the BIOPETROL Group opened a new biodiesel facility in Rostock, increasing the Group’s total capacity to 350,000 tonnes of biodiesel and 30,000 tonnes of pharmaceutical glycerine per year. The Group’s customer structure was further diversified in 2006: 35% of turnover was made with the mineral oil industry, 28% with large fleet operators and 38% with mineral oil traders and resellers. Biodiesel carrying the quality standard EN 14214 makes up 93% of the company’s sales, pharmaceutical glycerine and the trade with raw materials contribute 5% and 2% to sales respectively. The operative cash flow rose in 2006 to approximately ¬9 million (previous […]

Read More

Seal Pups Sick of Being Clubbed, Die from Global Warming Instead!

Thousands of harp seal pups are assumed dead in Canada’s Gulf of St. Lawrence due to the lack of ice floes, which mother seals require to give birth and nurse their pups successfully. Experts with the International Fund for Animal Welfare (IFAW)) have been carrying out daily surveillance flights over the region. They report that the Gulf of St. Lawrence, which is the annual birthing ground of hundreds of thousands of harp seals, is essentially devoid of both ice and seals. “The conditions this year are disastrous. I’ve surveyed this region for six years and I haven’t seen anything like this.” said Sheryl Fink, a senior researcher with IFAW. “There is wide open water and almost no seals. I only saw a handful of adult harp seals and even fewer pups, where normally we should be seeing thousands and thousands of seals.” The ice conditions this year are among the worst on record. Scientists have recorded below average ice conditions in the Gulf of St. Lawrence and off Newfoundland for the past nine out of 11 years. In 2002, 75% of harp seal pups born in the Gulf died due to lack of ice before the hunt even began. This […]

Read More

HP to Reduce Global Energy Use 20% by 2010

Hewlett Packard (NYSE: HPQ) has set a goal to reduce its global energy use by 20 percent below 2005 levels by 2010. To accomplish this, HP will deliver energy-efficient products and services to customers and institute energy-efficient operating practices in its facilities worldwide. The new goal is part of the company’s global environmental strategy that addresses three levels of the business: products, internal operations and supply chain management. Recent innovations that will help HP meet the goal include: ” The introduction of select HP desktop business PCs that offfer 80 percent efficient power supplies and were the first to meet the U.S. Environmental Protection Agency’s new EnergyStar 4.0 requirements. The new power supplies are 33 percent more efficient than their predecessors; ” Dynamic Smart Cooling, HP’s energy management systeem for data centers, which is designed to deliver 20 to 45 percent savings in cooling energy costs; ” Redesigned print cartridge packaging for North America that will reduce greenhouse gas emissions by an estimated 37 million pounds in 2007. Said Pat Tiernan, vice president, Corporate, Social and Environmental Responsibility, HP, “Sustainability should span the entire business, from product reuse and recycling, a socially and environmentally responsible supply chain, to energy efficiency […]

Read More

1st Estimate of US Green Home Market Announced

According to McGraw-Hill Construction, the market for green homes is 0.3% of all homes in the U.S., a market of about $2 billion. The homes contain elements in three of five environmental building categories. The market has risen by 1% since 2005, up from .2%, according to the report, when homes were considered green if they had at least one green element, such as energy efficient appliances. “Though it’s still a small number, builders are getting it when it comes to the value of real green homes, and it appears homeowners are too,” says Harvey M. Bernstein, McGraw-Hill Construction vice president of Industry Analytics, Alliances and Strategic Initiatives. “It’s also powerful to find that people are really starting to commit to building truly green homes, moving away from just adding energy efficient appliances or one aspect that’s green. They’re paying attention to the holistic benefit of green.” Homeowners are extremely happy with their green homes, with 85% happier with their new green homes versus their previous non-green ones. And they’re not shy about sharing those feelings. 28% of green homeowners reported first hearing about green homes through word of mouth. The survey, conducted by McGraw-Hill Construction, part of The McGraw-Hill […]

Read More

Debate Over Nuclear Option

URL: http://www.businessweek.com/print/bwdaily/dnflash/content/mar2007/db20070326_366468.htm Website: http://www.businessweek.com/print/bwdaily/dnflash/content/mar2007/db20070326_366468.htm     

Read More