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VeraSun Energy Corporation (NYSE: VSE), the nation’s second-largest ethanol producer, announced it will begin producing biodiesel from oil extracted from distillers grains, a co-product of the ethanol production process. VeraSun would be the first company to develop a large-scale, commercial facility for biodiesel production from a co-product of the ethanol production process, creating two biofuels from the same feedstock. Removing the oil from distillers grains both increases the value of the oil for fuel use, and enhances the resulting distillers grains as a livestock feed by concentrating protein and reducing fat content. Said Don Endres, Chairman and CEO of VeraSun, “This technology is particularly strategic to VeraSun because it allows us to extend our large and low-cost producer strategy from ethanol to include biodiesel.” VeraSun is currently evaluating locations for a 30-million-gallon-per-year biodiesel production facility, with plans to commence construction in 2007 and begin production in 2008. The Company has contracted with Lurgi PSI, Inc. for design and engineering services for the biodiesel facility and with Crown Iron Works Company for oil extraction equipment. As a result of the exclusivity provisions in these contracts, VeraSun expects to be the first to develop large-scale facilities using this technology. The Company has […]
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Wild Oats Markets (Nasdaq: OATS) has signed an agreement with Price Chopper Supermarkets to sell the entire line of Wild Oats branded natural and organic products in its stores. This is OATS first such agreement with an independent retailer. Price Chopper plans to offer hundreds of Wild Oats branded products in all 115 of its stores located in six Northeastern states. “We want to carry as many items as our customers want to buy and will continue to build the brand with our new partners. We are currently in the process of re-planogramming our shelves to handle the new products. In order to insure smooth replenishment in our stores, we are retrofitting our warehouse to incorporate the entire line and will start distribution just after the holiday season,” added Golub. The selection of products will range from all-natural cookies and snacks, to natural cheeses and imported Italian sodas, as well as everyday staples that provide natural and organic alternatives to mainstream brands. About Price Chopper Based in Schenectady, NY, the Golub Corporation, a family-owned company, owns and operates over 100 Price Chopper grocery stores in New York, Vermont, Pennsylvania, Massachusetts, Connecticut and New Hampshire.
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Shares of Maxwell Technologies, Inc. (Nasdaq: MXWL) dived today after the company reported much wider losses for Q3, falling from $1.3 million ($0.08 per share), on revenue of $12 million for Q3 05 to $5.4 million ($0.31 per share) on revenue of $14.0 million Q3 06. Revenue from its leading BOOSTCAP® ultracapacitor products rose 41% however, from $4.2 million in Q2 06 to $6.0 million in Q3. Other significant recent developments included: * collaboration with Alcoa AFL Automotive to develop an ultracapacitor-based cold start system for commercial vehicles; * collaboration with Kromberg & Schubert GmbH in Germany to incorporate ultracapacitors into a highly efficient, low-cost, engine starting system for automobiles; * Enforcement of the company’s ultracapacitor intellectual property position through a patent infringement lawsuit filed against Nesscap Co., a Korean ultracapacitor manufacturer, and * Ongoing expansion of internal production capacity for Maxwell’s proprietary ultracapacitor electrode material and BOOSTCAP products, and continuing progress toward moving large cell assembly to China by early 2007. Third quarter gross margin increased to 20%, compared with 18% in Q2, reflecting progress in resolving issues related to scaling up ultracapacitor production. Maxwell is a leading developer and manufacturer of innovative, cost-effective energy storage and power delivery […]
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The Hain Celestial Group, Inc. (Nasdaq: HAIN), a leading natural and organic food and personal care products company, reported results for its first fiscal quarter ended September 30, 2006. Net sales rose 30% to $210.2 million, compared to $161.1 million for Q1 last year. GAAP net rose 31% to $9 million, or $0.23 per diluted share. Adjusted earnings totaled $0.25 per share. “Our fiscal year 2007 is off to an excellent start. During the first quarter we achieved strong sales from Earth’s Best®, Garden of Eatin’®, Rice Dream®, Soy Dream®, WestSoy®, Westbrae®, Ethnic Gourmet(TM), Casbah®, FreeBird(TM) and JASON®. We also drove strong results from our brands in Canada, and from our recent acquisitions,” said Irwin D. Simon, President and CEO. “Rising consumer demand for natural and organic food and personal care products continues across many distribution channels in North America, Europe and the United Kingdom, enabling us to realize solid top and bottom line growth at the Company.” Gross margins were slightly lower – 28.1% vs 28.5% for Q1 2006. The company recently implemented price increases which are expected to benefit in the second quarter. “We continue to focus on driving efficiencies and reinvesting in our business, most recently at […]
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Interface, Inc. (Nasdaq: IFSIA), the leading sustainable floorcoverings and fabrics company, plans to sell 5 million shares of common stock in an underwritten public offering. Underwriters will have an option to purchase up to an additional 750,000 shares to cover any over-allotments. Proceeds from the offering will be used to pay down some debt and for general corporate purposes. Interface, Inc. is a recognized leader in the worldwide interiors industry, offering floorcoverings and fabrics. The company is committed to the goal of sustainability and doing business in ways that minimize the impact on the environment while enhancing shareholder value. The company is the world’s largest manufacturer of modular carpet under the InterfaceFLOR®, FLOR(TM), Heuga® and Bentley Prince Street® brands, and, through its Bentley Prince Street brand, enjoys a leading position in the high quality, designer-oriented segment of the broadloom carpet market. The company’s InterfaceFabric business is a leading producer of interior fabrics and upholstery products, which it markets under the Guilford of Maine®, Chatham® and Terratex® brands, and provides specialized automotive textile solutions.
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Quantum Technologies Inc. (Nasdaq: QTWW) plans to sell 6.1 million shares of company stock and warrants in a $10 million private placement. Shares will be sold to institutional investors at $1.64 each, a 20% discount to the stock’s closing price of $2.05 on Friday. After the news, QTWW’s shares sunk 14.6% – close to the 52-week low of $1.73. The sale includes 2.1 million in warrants for company stock, exercisable six months from closing for a period of seven years at $2.36 per share. The company presently has about 58.2 million shares outstanding.
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News and Events DOE Awards $100 Million for Hydrogen Fuel Cell Research DOE Awards $8.6 Million for Alternative Fuel Projects EPA Encourages the Use of Biofuels to Transport Freight DOE Offers $17 Million for New Cellulose-Fermenting Organisms Partnerships Indicate Growing Interest in Cellulosic Ethanol U.S. Wind Power Industry Tempers its 2006 Forecast Slightly Energy ConnectionsOil Companies Increase Investment in Canadian Oil Sands News and EventsDOE Awards $100 Million for Hydrogen Fuel Cell ResearchDOE announced last week that it is providing $100 million for 25 hydrogen research and development projects. The cost of the projects will total approximately $127 million, with the additional $27 million covered by the applicants. Fuel cells use hydrogen and oxygen to create electricity and effectively produce zero emissions, with only water and heat as byproducts. They can be used in various applications, from portable devices to buildings to vehicles. The new projects will focus on fuel cell membranes; water transport within the stack; advanced cathode catalysts and supports; cell hardware; innovative fuel cell concepts; the effects of impurities on fuel cell performance and durability; and fuel cell demonstration projects to build international and intergovernmental partnerships. These projects will directly address the goals of the President’s Hydrogen […]
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URL: http://www.ens-newswire.com/ens/nov2006/2006-11-01-03.asp Website: http://www.ens-newswire.com/ens/nov2006/2006-11-01-03.asp
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The first ethanol plant that runs on a closed loop production system, eliminating the need for fossil fuels, will commence operations in December. Dennis Langley, Chairman and CEO of E3 BioFuels, announced the Genesis plant, located in Mead, Nebraska, will run on methane gas recaptured from cow manure, instead of fossil fuels. The proprietary closed-loop system combines a 25-million-gallon ethanol refinery, beef cattle feedlot, and anaerobic digesters to maximize energy efficiencies unavailable to each component on a stand-alone basis. The system eliminates the potential for manure to pollute watersheds, while enabling the wet distillers grain from ethanol production to be fed on-site to cattle without energy-intensive drying and transportation costs. In the October edition of Wired Magazine, venture capitalist Vinod Khosla writes, “It may surprise you to learn that the most promising solution to our nation’s energy crisis begins in the bowels of a waste trough, under the slotted concrete floor of a giant pen that holds 28,000 … beef cattle.” Khosla, co-founder of Sun Microsystems, continues, “E3 BioFuels is about to fire up the most energy efficient corn ethanol facility in the country: a $75 million state-of-the-art biorefinery … The output: a potential gusher of renewable, energy-efficient transportation fuel.” […]
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