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Green Energy Resources to Launch First Wood Biomass IPO

Green Energy Resources (Other OTC:GRGR.PK) plans to launch the first wood biomass IPO on the London Aim Market. Wood cellulose is a potentially larger ingredient to ethanol and biodiesel fuel production than corn. Green Energy Resources has been working toward a London AIM listing since December of 2005. The company is an international supplier of wood biomass for clean coal technology, gasification, biofuels (ethanol and biodiesel) as well as direct burn energy to power plants. The company has access to over 30 million tons of wood, according to CEO Joseph Murray, and has recently hired a CFO to accelerate the timetable. Alan Greenspan testifying before a US Senate Committee on June 7, stated that corn based ethanol “would only have a limited role” and “its ability to replace gasoline is limited at best”. Greenspan said alternative biomass feedstocks such as wood, were “cheaper”. A 2005 scientific breakthrough utilizing cellulostic fiber discovered at the College of Environmental Science in Syracuse, New York has thrust woodchips and woodfiber to the forefront of the ethanol production equation of the biofuels industry. President Bush in recent months has touted woodchips as a key to biofuels production in the United States. Green Energy Resources plans […]

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Hydrogenics to Provide $1.1M Plant for BOC

Hydrogenics Corporation (TSX:HYG.TO) (NasdaqNM:HYGS), a developer and manufacturer of hydrogen and fuel cell products, has received an order from BOC (London:BOC.L) for a HySTAT(TM) – a hydrogen generation plant for use at a BOC facility in Waiuku, North Island, New Zealand. The order, expected to be delivered in late 2006, is valued at approximately $1.1 million. This is the initial order received under a global supply agreement recently entered into with BOC. A portion of the hydrogen produced by this plant will be used to supply a nearby steel mill with hydrogen required during the annealing, or strengthening process. The remaining hydrogen will be compressed and delivered by tube trailer to other BOC customers in the area. “Customers around the world require reliable and efficient means of generating high quality hydrogen in remote locations,” said Pierre Rivard, President and CEO of Hydrogenics. “This order demonstrates Hydrogenics’ technological leadership and continued commitment to customer service in this space.” Neil Evans, hydrogen product manager, BOC South Pacific, said, “BOC selected Hydrogenics because they can help us meet our customers’ needs safely and reliably, no matter where they’re located. Adding capacity closer to where our customers are located improves our ability to support […]

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Largest Ethanol Plant in Western US to be Built

Berggruen Holdings plans to build the largest destination ethanol plant on the US West Coast. The company has successfully closed a $100 million senior secured credit facility for Cascade Grain Products. Combined with equity capital from Berggruen, the facility supports the construction and operation of the first large scale plant in the Pacific Northwest with a state of the art 113.4 million gallon per year corn-based dry mill fuel grade ethanol plant. The plant is designed by Delta T and will be constructed by JH Kelly LLC Ethanol, a joint venture between TIC and JH Kelly Construction. Cascade Grain is the initial plant in Berggruen’s strategy to construct a series of strategically located plants. “Berggruen Holdings and our management team at Cascade Grain Products have established a platform with knowledgeable and high quality partners, positioning the firm to be a leader on the West Coast,” observed Nicolas Berggruen, President of Berggruen Holdings. “Our team has developed this strategy over the past two years and we believe that this will provide Cascade Grain the flexibility to manage its business during all phases of the commodity cycle.” The Cascade Grain financing arranged and led by WestLB, was more than 1.5 times oversubscribed […]

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