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Panda Ethanol to Build 100M Gallon Ethanol Plant

Panda Ethanol Inc. announced its intention to build a 100 million gallon-per-year ethanol plant near Muleshoe, Texas, that will refine 38 million bushels of corn a year into fuel. The steam used in the ethanol manufacturing process will be generated by gasifying over 1 billion pounds of cattle manure a year, making it one of the most fuel efficient ethanol refineries in the nation. It will be equal in size to Panda’s Hereford facility, currently under construction, which will be the largest biomass-fueled ethanol plant in the United States. The Muleshoe facility is the sixth 100 million gallon ethanol project announced by Panda, and the fourth to be powered by cattle manure. The company has received air permits for three of its six announced ethanol projects. “This facility will have a tremendous economic development impact on Muleshoe and Bailey County by providing many jobs in several areas and by nearly doubling our tax base,” said Janet Claborn, director of economic development for the Muleshoe Economic Development Corporation. “This is ‘value-added’ for our agricultural community and a natural fit for our dairies and feed yards.” Panda’s ethanol refinery will be located on a 305-acre site. Construction will take approximately 18 months. […]

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KLD Dividend Achievers Social Index Launches

KLD Research & Analytics, Inc. and Mergent, Inc. announced the launch of the KLD Dividend Achievers Social Index, the first benchmark for US equity portfolios meeting investor demand for both environmental, social and governance (ESG) performance and dividend growth. “KLD is delighted to work with Mergent to capitalize on their dividend growth expertise,” said Peter D. Kinder, president of KLD. “We know social investors will be excited about this new equity income index based on the long and established track record of trusted leaders in their markets.” Said Jonathan Worrall, CEO of Mergent, “Our partnership with KLD enables us to offer the first such index aimed at investors looking for socially responsible investments with low risk returns, and delivers on our commitment to bringing the very best investment opportunities to dividend-focused investors.” Back tests of the KLD Dividend Achievers Social Index (DASI) show increased performance and lower volatility compared to an appropriate market benchmark such as the Russell 1000 Value® Index. At the same time, it provides an above market yield and greater small and mid cap diversification than most socially responsible indexes. The KLD Dividend Achievers Social Index marks the first time dividend criteria have been applied to an […]

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Quantum Announces $10M Private Placement

Quantum Technologies, Inc. (Nasdaq: QTWW) has entered into private placement with institutional investors for 6.1 million shares of the company’s common stock at $1.64 per share and warrants to purchase 2.1 million shares of the company’s common stock. The warrants are exercisable six months from closing and at any time and from time to time for seven years thereafter at an exercise price of $2.36. Additionally, investors can purchase, for a period that extends until 45 trading days after the shares become registered, an additional 1.8 million shares at a price of $1.64. The purchase of these additional shares would include an additional 0.6 million warrants. Quantum and its subsidiary, Tecstar Automotive Group, are leaders in powertrain engineering, system integration, and manufacturing of packaged fuel systems and accessories for specialty vehicles and applications including fuel cells, hybrids, alternative fuels, hydrogen refueling, new body styles, mid-cycle vehicle product enhancements and high performance engines and drive trains for OEMs and consumers of aftermarket parts and accessories. Quantum also designs and manufactures hybrid and fuel cell vehicles. Quantum has product commercialization alliances with General Motors, AM General, and Sumitomo. Quantum’s customer base includes General Motors, Toyota, Opel, Hyundai, Suzuki, Ford, DaimlerChrysler, AeroVironment, and […]

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Interface, Medis Announce Stock Offering

Two very different sustainable companies have announced stock offerings. Interface, Inc. (Nasdaq: IFSIA), sustainable floorcoverings and fabrics leader, plans to sell 5 million shares of its Class A common stock in an underwritten public offering. The proceeds will pay down debt and will be used for general corporate purposes. Medis Technologies Ltd. (NASDAQ:MDTL), a development stage company in micro-fuel cells plans to 1.5 million shares of its common stock. Medis will not receive any proceeds of the offering. The registered offering will be used by an affiliate of Citigroup to facilitate hedging transactions undertaken by purchasers of Medis’ Series A preferred stock concurrently being offered by Medis in a private placement. Medis does not expect the borrowed shares to be considered issued or outstanding for accounting purposes and accordingly does not expect the borrowed shares to have a dilutive impact on its earnings per share.

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