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Imperium Renewables Scores Another $113M

Seattle biodiesel company Imperium Renewables has raised another $113 million in private equity, bringing the total to a dazzling $214 million. Imperium is building a 100 million-gallons-a-year biodiesel plant at the Port of Grays Harbor on the Pacific Coast. It will use the proceeds to begin planning for up to three additional similarly sized facilities across the country and around the world. Investors in Imperium’s second round include Technology Partners and Nth Power, both of which invested in the first $7.5-million round last year, as well as ArdsleyPartners, Attractor Investment Management, BlackRock Investment Management, Capricorn Management, Ecofin, Robeco, Silver PointCapital, Southport Energy Alternatives, Stark Biodiesel Investments, and TreatyOak Capital Management. The company is also in the process of obtaining a $101 million senior secured credit facility with Societe Generale Corporate & Investment Banking (SOGN.PA).

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Imperium Renewables Scores Another $113M

Seattle biodiesel company Imperium Renewables has raised another $113 million in private equity, bringing the total to a dazzling $214 million. Investors in Imperium’s second round include Technology Partners and Nth Power, both of which invested in the first $7.5-million round last year, as well as ArdsleyPartners, Attractor Investment Management, BlackRock Investment Management, Capricorn Management, Ecofin, Robeco, Silver PointCapital, Southport Energy Alternatives, Stark Biodiesel Investments, and TreatyOak Capital Management. Societe Generale Corporate & Investment Banking is arranging $101 million in debt financing.

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Interface 4Q Profit Doubles

Fourth quarter profits more than doubled, reports Interface Inc. (Nasdaq: IFSIA), due to strong sales, particularly in the company’s modular carpet division, which grew by 27%. Sales grew 14% to $295.9 million from $260.6 million in the fourth quarter of 2005, beating analyst expectations of $280.7 million. For the full year, sales climbed 9% to $1.08 billion from $985.8 million in 2005. Earnings for the quarter rose to $12.1 million (21 cents per share) from $5.7 million (11 cents per share) for the same quarter last year. For the year, earnings climbed to $10 million (18 cents per share), from $1.2 million (2 cents per share). “We are pleased to report one of the best fourth quarters in our history, finishing a year of continuously improving performance,” said Daniel Hendrix, CEO. “Our modular carpet business continued to lead our strong performance and achieved a 27% increase in sales compared with the year ago period. Sales were strong across all key regions with the positive trends in Europe providing the most significant driver of growth geographically. In addition, operating income from the modular carpet business increased 39%, primarily due to higher sales volume. Sales in our Bentley Prince Street business improved […]

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H2O Innovation Signs CAD$ 1.8M Water Contracts in U.S.

H2O Innovation (2000) Inc. (HEO: TSX-V), U.S. subsidiary Membrane Systems Inc. has signed two contracts for the supply of drinking water treatment plants for the California Department of Corrections and Rehabilitation in Tracy, California and the Village of Wellington, Florida. Total value of these two contracts is CAD$1.8 million. The system for the California Department of Corrections and Rehabilitation in Tracy will produce drinking water at the flow rate of 800,640 US gallons per day. MSI will be responsible for the reverse osmosis system design, procurement and fabrication, including the instrumentation and controls. The system will consist of two low pressure reverse osmosis trains using 108 membrane elements designed for treating groundwater that has high levels of total dissolved solids and chlorides. The Village of Wellington project will supplement the existing system to augment drinking water treatment capacity. Using 365 brackish water membrane elements, the reverse osmosis system will supply drinking water to the 55,000 inhabitants of the Village of Wellington. The new system will produce 1,8 million US gallons per day.

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