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Diversa Corp, University to Develop New Zealand Biofuel Industry

Diversa Corp. (Nasdaq: DVSA), a provider of enzymes used in biomass conversion, has formed a research program with New Zealand Crown Research Institutes Scion and AgResearch which could ultimately see New Zealand’s entire vehicle fleet running on New Zealand-grown and manufactured biofuels. The partners have agreed to coordinate their technology development initiatives to target the feasibility of a transportation biofuel industry in New Zealand that uses bio-based feedstocks such as trees and grasses. The three organizations recently completed a preliminary study, undertaken at Scion in Rotorua and Diversa in San Diego, to investigate the potential for applying Diversa’s enzymes to New Zealand-grown tree stocks to convert the wood into sugars, which can then be fermented and refined into ethanol and other products. Scion Chief Executive, Dr. Tom Richardson, says the results from the preliminary study are extremely positive, which prompted the three organizations to agree to move forward and conduct a feasibility study to further assess the technology and economics of a transportation biofuel industry in New Zealand. In addition to determining the technical and economic feasibility of a New Zealand biofuels industry, the new study will produce a roadmap to identify potential risks or barriers to commercialization as well […]

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AMSC's Windtec Sells China License

American Superconductor Corp (NASDAQ: AMSC), a leading energy technologies company, announced today that its Windtec subsidiary has sold a license in China worth potentially $30 million. Zhuzhou Electric Locomotive Research Institute (ZELRI), a division of China-Southern-Loric, will license Windtec’s Model WT1650 wind energy system for an upfront fee of $2 million and royalty payments. ZELRI develops and sells electric drive systems for locomotives and inverter technologies for industrial and civil use. “China needs more renewable energy sources to power generation to meet the needs of our rapidly-growing, technology-driven society,” said Du Jinsong, general manager of ZELRI’s wind power business unit. “To achieve this goal ZELRI aims to become a leading manufacturer of wind energy systems, and Windtec’s services and electrical systems are integral to our success in the market. With Windtec’s assistance, we plan to demonstrate our WT1650 prototypes late in 2007 and begin full-scale production of the units in 2008.” Under the terms of the contract, ZELRI is gaining rights to manufacture, use and sell Windtec’s 1.65 megawatt (MW) Model WT1650 wind energy system in China. Windtec also will provide training for ZELRI’s staff and project management services for the company’s first two Model WT1650 prototype units. “We are […]

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