 |
|
November 22, 2019
- May 13, 2019
- August 1, 2018
- February 26, 2018
- December 13, 2017
- July 15, 2016
- June 02, 2014 - May
15, 2014 - June 16, 2011 -
Vertoil Holdings, LLC and Circon Environmental execute site and operations
agreement DALLAS, TX – November 12, 2019 - Vertoil Holdings, LLC (Vertoil) and Circon Environmental signed
agreement to co-locate Vertoil’s first processing site at their existing operations in LaPorte, Texas. The
agreement stipulates a long-term facility lease arrangement and an operations arrangement whereby
Circon would operate the facility.
Claeris and Modern Fuels announce the formation of Vertoil, LLC DALLAS, TX – May 13, 2019 - Claeris HoldCo (Claeris) and Modern Fuels, LLC today announced the
formation of Vertoil, LLC for the development, construction, and operation of four facilities for the
conversion of used motor and industrial lubricating oil (waste oil) into ultra clean marine fuel.
PETRONAS Chemicals Group Berhad enters into MOU for biorefinery offtake Leaf Resources Limited (ASX:LER) is pleased to announce that PETRONAS Chemicals Group Berhad (PCG)
and Leaf Malaysia have entered into a non-binding Memorandum of Understanding (MOU) in relation to
Leaf’s proposed biorefinery project in Malaysia.
Leaf secures Malaysian biorefinery site for Glycell project As foreshadowed in our shareholder update released on 31 st January 2018, Leaf Resources would like to
advise that Leaf Malaysia, a wholly owned subsidiary of Leaf Resources and Claeris’ joint venture
company Leaf Development, LLC, have as expected signed a legal agreement for a two-year option on
the land at Segamat, Johor Malaysia.
Leaf Malaysia signs LOI for provision of biomass Leaf Resources (ASX: LER) advises that Leaf Malaysia, a subsidiary of Leaf Resources and Claeris’ joint
development company Leaf Development, and Biovision & Greenergy Sdn Bhd (B&G) have signed a
Letter of Intent for the stated purpose of evaluating opportunities to collaborate or integrate existing
operations in Segamat, Johor, including the provision of empty fruit bunches (EFB) biomass.
Claeris and Leaf Resources Limited partner to develop, license, and own up to five renewable chemical production facilities DALLAS, TX – July 15, 2016 – Claeris and Leaf Resources Limited, an Australian-listed company (ASX: LER) entered into a long-term commercial arrangement for the development, construction, and operation of up to five biomass-to-chemical production facilities. The joint development company, Leaf Development, LLC (“Leaf”), is well-positioned to be a worldwide leader in renewable, high value chemical production. Claeris will provide the project and corporate development, capital markets, and executive management expertise. LER will support project and product development efforts, provide development capital, license its proprietary technology, and provide technical and design expertise. Construction for the first phase of the biomass-to-renewable chemicals production facility is expected to commence before the end of 2017 and be fully operational by early 2019. Charles M.Davis joins Claeris Development as a Managing Partner DALLAS, TX – June 2, 2014 – Claeris Development, LP (Claeris) today announced that Charles M. Davis joined the firm as a Managing Partner. Mr. Davis brings more than 30 years of experience in corporate finance and strategic advisory roles, primarily in the energy industry. Mr. Davis’ experience includes (i) leadership roles in the energy groups of several of the largest investment banks in the world, including The First Boston Corporation, Merrill Lynch, and UBS, (ii) SVP and Head of Corporate Development of Regency Energy Partners, and (iii) VP and Head of Corporate Development for Atmos Energy Corp., the largest pure natural gas distribution company in U.S. Mr. Davis received a Bachelor of Business Administration degree in Finance, with highest honors, from the University of Texas at Austin in 1984 and a Masters of Business Administration degree from the Harvard Graduate School of Business in 1988, where he was named a George F. Baker Scholar. “We are very pleased to welcome Chuck as a partner. We have known and worked with Chuck for almost 10 years and know that his reputation and deep experience in the energy industry will be invaluable in building Claeris into a world-class natural gas conversion company,” said Mike Slaney, Managing Partner of Claeris Development. “The opportunity presented by Claeris and its pipeline of projects, coupled with the ability to work with Mike and David as a partner and not an advisor, fits perfectly with my goal of being part of a world-class development team that is building an industry-leading natural gas processing company,” commented Chuck Davis.
Claeris
Development and Emerging Fuels Technology to Jointly Develop GTL Specialty Products Production Facilities The joint development arrangement partners two of clean-tech’s most respected and successful companies for the production of high value, ultra-clean products. Claeris will provide the project and corporate development, capital markets, and executive management expertise. EFT will support project and product development efforts, license its proprietary Fischer-Tropsch and upgrading technologies, and provide technical and design expertise. Detailed development work, including completing front-end engineering design, finalizing site selection, negotiating supply and offtake agreements, and obtaining capital commitments, will begin immediately. Construction for the first phase of the natural gas-to-ultra-clean specialty products facility is expected to commence in the second half of 2015 and be fully operational by mid- 2017. The initial facility will have a nameplate capacity of 5,000 barrels per day and employ more than 40 skilled and professional employees. “We are pleased to partner with Emerging Fuels. As the premier provider of distributed-scale GTL technology, EFT is the perfect partner for our strategic initiatives in industrial development” said Mike Slaney, Managing Director of Claeris Development. “The close collaboration of our two companies will provide our project partners with unmatched commercial and technical expertise, the result of which will be the world’s only supply of non-captive specialty products derived from natural gas.” “Claeris combines a wealth of project development and capital markets expertise with an excellent record of successful clean-tech developments,” commented Kenneth Agee, President of EFT. “We are confident that our combined efforts will result in a highly profitable enterprise and provide a springboard to future GTL development.”
About Emerging Fuels Technology, Inc.
ClearDevelopment
forms industry-transforming platform company for the production
of environmentally-responsible ultra-clean fuels and chemicals Gevo Enters into Joint Venture with Redfield Energy to Retrofit Plant for Isobutanol ~ Brings Company Closer to Achieving 2015 Production Goal of 350 MGPY of Isobutanol ~ "This transaction demonstrates the attractiveness of our joint venture model for potential partners. Isobutanol production creates more value, and across diversified markets. Our partners see that and value it," reflected Patrick Gruber, Ph.D., CEO of Gevo. "Redfield is an exceptionally well-run and profitable plant. We appreciate the vision and leadership of the Redfield board and its cooperative membership and look forward to working with them on this business." Gevo will provide the technology and capital necessary to retrofit Redfield's existing 50 MGPY ethanol facility and, in exchange, will receive an equity interest in Redfield. This JV validates the attractive economics for both Gevo and Redfield and is consistent with Gevo's business plan. "Isobutanol provides an excellent opportunity to expand our potential markets, improve our profit margins and create a more predictable and sustainable business," said Tom Hitchcock, CEO of Redfield. "We are very happy to be working with Gevo to upgrade our facility to a second-generation biorefinery." Gevo broke ground on its first plant retrofit on May 31, 2011 in Luverne, MN, and is expected to bring its isobutanol capacity online in the first half of 2012. The Redfield plant will become Gevo's second production facility and is expected to bring total annual isobutanol capacity for 2012 to approximately 60 MGPY. In May 2011, Gevo announced a letter of intent for its third plant, also a JV, for an additional expected 50 MGPY of isobutanol production. Gevo plans to have approximately 110 MGPY of isobutanol capacity online in 2013.
ENGLEWOOD, Colo., Feb 09, 2011 (BUSINESS WIRE) -- Gevo, Inc. announced today the pricing of its initial public offering of 7,150,000 shares of its common stock, at $15.00 per share. The net proceeds to the Company from this offering are expected to be $95.7 million, after deducting underwriting discounts and other estimated offering expenses. All shares are being sold by the company. Gevo has granted the underwriters an option to purchase up to an additional 1,072,500 shares at the initial public offering price to cover overallotments, if any. The common stock will trade on the NASDAQ Global Market under the symbol "GEVO." UBS Investment Bank, Piper Jaffray and Citi are acting as the joint book-running managers, with Simmons & Company International acting as a co-manager for the offering. Gevo Announces Closing of Acquisition of Ethanol Production Facility to Produce Isobutanol Englewood, Colo.—September 23, 2010— Gevo, Inc., a privately
held renewable chemicals and advanced biofuels company, announced
today the closing of its acquisition of Agri-Energy’s ethanol
production facility in Luverne, Minnesota. This plant is expected
to provide 18 million gallons per year (MGPY) of production
capacity for chemicals and fuels customers. Gevo, Inc. Files Registration Statement
for Proposed Initial Public Offering Gevo, Inc., a privately held renewable chemicals and advanced biofuels company, announced today that it has filed a registration statement on Form S-1 with the U.S. Securities and Exchange Commission (SEC) relating to the proposed initial public offering of shares of its common stock. The shares of common stock to be sold in this offering are proposed to be sold by Gevo, Inc. and the number of shares to be offered and the price range of the offering have not yet been determined. UBS Investment Bank and Goldman, Sachs & Co. will be acting as joint bookrunning managers, with Piper Jaffray acting as a co-manager for the offering Gevo Launches Development Company to
Retrofit Ethanol Plants to Make Biobutanol David Black and Michael Slaney form
new energy venture VeraSun to Acquire 330-MMGY of Ethanol Production From ASAlliances Biofuels, LLC July 23, 2007 ~ Acquisition to Boost Company's Production
Capacity to One Billion Gallons by End of Next Year The three facilities are each expected to operate at 110MMGY and are located in Albion, NE, Bloomingburg, OH, and Linden, IN. The acquisition should become final in 30 to 45 days and is subject to customary closing conditions. The facilities will provide VeraSun with immediate production capacity and revenue. "This is a unique opportunity to acquire immediate production and revenue at a cost similar to that of building new facilities," said Don Endres, VeraSun Chairman and CEO. "The capacity gained through this acquisition underscores a commitment to our long-term growth strategy while maintaining our focus on being an efficient, low-cost ethanol producer." "We are pleased that the transaction allows us to continue our investment in ethanol through VeraSun," said Tom Manuel, ASAlliances Biofuels President and CEO. "VeraSun brings experience and expertise to the operation of large, efficient biorefineries and we believe they are the premier platform company in the renewable fuels industry." VeraSun currently has 340MMGY of production capacity through its operating facilities in Aurora, South Dakota and Fort Dodge and Charles City, IA. VeraSun has another 330MMGY of production presently under construction and development in Hartley, IA, Welcome, MN, and Reynolds, IN. The facilities being acquired are sister facilities to VeraSun's current fleet as they are all designed by ICM and built by Fagen, Inc. The company is funding the acquisition through $200 million of equity, $250 million of cash and $275 million in project financing. The acquisition is expected to be accretive to earnings and free cash flow within the first 12 months without accounting for potential synergies. "Reaching one billion gallons of annual production will be a benchmark for VeraSun and represents a maturing of the renewable fuels industry," said Endres. "We believe scale and efficiency are important as we continue to focus on reducing production and distribution costs and increasing value for our shareholders, customers and plant communities." ASAlliances Biofuels files to raise
up to $300 mln in IPO September 15, 2006 ~ SAN FRANCISCO (MarketWatch) -- ASAlliances Biofuels LLC on Friday filed with the Securities and Exchange Commission to raise up to $300 million in its initial public offering. The Dallas-based development-stage ethanol company said it will apply to have its shares listed on the NASDAQ under the symbol "ASAB." UBS Investment Bank and Lehman Brothers are leading the deal's underwriting. Ethanol Space Funded for ASAlliances Biofuels February 15, 2006 ~ New York [RenewableEnergyAccess.com] WestLB Capital Markets North America unit closed a USD $275 million groundbreaking senior secured credit facility for ASAlliances BioFuels, LLC. The facility supports the operation of a portfolio of three 100 million gallons per year ethanol facilities. "WestLB's creativity in developing this innovative structure and dedication to the growth of ethanol as an alternative energy source proved integral to the successful completion of this deal," said David Black, managing partner of Americas Strategic Alliances. American Capital Has Committed to Invest
$85 Million In The Project Financing of Three Ethanol Facilities
American Capital invested approximately $3.2 billion in 2005, approximately $1 billion in the fourth quarter 2005 and $123 million year to date. These amounts do not include American Capital's unfunded equity commitment and debt funded to its portfolio company European Capital. "When construction is completed, ASAlliances Biofuels' plants are anticipated to be among the most competitive ethanol production facilities in the U.S. and the Company is expected to be one of the largest U.S. producers of ethanol in this highly fragmented industry," said American Capital Principal Kevin Kuykendall. "The ethanol market is growing rapidly. The passage of the Energy Policy Act of 2005, which mandates a schedule for blending renewable fuels into gasoline, coupled with the need for environmentally beneficial fuels and 'clean' octane sources, has accelerated the industry's momentum. The support of Cargill, Fagen and United BioEnergy, all strong project participants with extensive experience in the ethanol industry, will result in low construction and technology risks for the Company. In addition, with favorable legislation and strategically located plants with proximity to low-cost corn supply, premium-priced, large-volume ethanol markets on the east and west coasts and railroad transportation, ASAlliances Biofuels will be well positioned for the anticipated increases in ethanol demand in the coming years." ASAlliances Biofuels' three ethanol facilities will each
produce 100 million gallons of fuel-grade ethanol per year
and will be located in Albion, Nebraska, Linden, Indiana,
and Bloomingburg, Ohio. Each plant will be designed and constructed
by Fagen, the recognized leader and premier design-builder
in the ethanol industry. Cargill, one of the leading corn
and grain suppliers in the U.S., will provide corn and natural
gas procurement services for each plant, as well as marketing
and transportation services. The three facilities will be
located adjacent to existing Cargill grain elevators. United
BioEnergy, the leading operator of ethanol facilities in the
U.S., will provide operation and maintenance management services
for each plant. Ethanol is produced from corn or other starch
feedstock by milling, fermentation, distillation and dehydration
and is used almost exclusively as a gasoline additive and
provides a number of valuable benefits as a clean burning
gasoline additive. The ethanol produced by ASAlliances Biofuels'
plants will ultimately be sold to crude oil refiners and gasoline
blenders as either an oxygenate or fuel extender. |
 |
