July 15, 2016 -
Claeris and Leaf Resources Limited partner to develop, license, and own up to five renewable chemical production facilities

June 02, 2014 -
Charles M. Davis joins Claeris Development as a Managing Partner

May 15, 2014 -
Claeris Development and Emerging Fuels Technology to Jointy Develop 6,000 BPD GTL Specialty Product Production Facility

April 2, 2012 -
ClearDevelopment forms industry-transforming platform company for the production of environmentally-responsible fuels and chemicals

June 16, 2011 -
Gevo Enters into Joint Venture with Redfield Energy to Retrofit Plant for Isobutanol


February 09, 2011 -
Gevo, Inc. Announces Pricing of Initial Public Offering


September 23, 2010 -
Gevo Announces Closing of Acquisition of Ethanol Production Facility to Produce Isobutanol


August 10, 2010 -
Gevo, Inc. Files Registration Statement for Proposed Initial Public Offering


September 30, 2009 -
Gevo Launches Development Company to Retrofit Ethanol Plants to Make Biobutanol


December 1, 2008 -
David Black and Michael Slaney form new energy venture


July 23, 2007 -
VeraSun to Acquire 330-MMGY of Ethanol Production From ASAlliances Biofuels, LLC


September 15, 2006 -
ASAlliances Biofuels files to raise up to $300 mln in IPO


February 15, 2006
-
Ethanol Space Funded for ASAlliances Biofuels


February 7, 2006
-
American Capital Has Committed to Invest $85 Million In The Project Financing of Three Ethanol Facilities

 

 

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.

Michael Slaney, managing partner of Claeris, commented: “We have reviewed many emerging technologies in the renewable chemical sector, but we have not seen anything quite as revolutionary and potentially profitable as Leaf’s GlycellTM process. After a detailed technical and financial review of the GlycellTM technology, we are convinced that Leaf has the best process on which to base a platform company of renewable chemical projects. We are confident that we can secure the key project partners necessary to quickly develop our first project. We look forward to working closely with our new partner.”

Ken Richards, managing director of LER, stated: “We believe our arrangement with Claeris has put Leaf Resources firmly on its next phase of growth, as it will accelerate the commercialization of the many opportunities available to us in the renewable chemical markets. Leveraging Claeris’ experience, network, and expertise will mean better and quicker economic outcomes for Leaf’s shareholders.”

About Leaf Resources Limited
Leaf Resources Limited is a listed public company (ASX: LER), incorporated and domiciled in Australia. LER is a technology development company focused on the production of chemicals from renewable sources. LER’s breakthrough proprietary technology, the GlycellTM process, is highly advanced chemistry and engineering process that breakdowns plant biomass at lower temperature and pressure and generates a higher yield of cellulose than conventional pre-treatment approaches. The GlycellTM process is a more cost effective and operationally efficient means of producing clean cellulosic sugars for the production of renewable chemicals.


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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.


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Claeris Development and Emerging Fuels Technology to Jointly Develop GTL Specialty Products Production Facilities


DALLAS, TX and TULSA, OK – Claeris Development, LP (Claeris) and Emerging Fuels Technology, Inc. (EFT) today announced the execution of an exclusive Joint Development Agreement for the development, construction, and operation of a facility for the conversion of natural gas to ultra-clean specialty products, which include Group III+ base oils, solvents, and drilling fluids.

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.”


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About Emerging Fuels Technology, Inc.
Emerging Fuels Technology (EFT) is a technology company focused on the development and implementation of methods for producing synthetic fuels and specialty products from a variety of carbonaceous feedstocks such as natural gas, biomass, municipal solid waste (MSW), coal, and bio-derived oils. The company is one of the world’s foremost authorities on Fischer-Tropsch (FT) and related synthesis. EFT principals have over 100 years combined experience in the FT field. Emerging Fuels Technology provides complete technology platforms for the conversion of synthesis gas to high quality liquid hydrocarbons including transportation fuels and specialty products. The company provides complete process design packages, and licenses the core technologies needed to implement them. EFT offers several standard Reference Designs of its proprietary and patented Advanced Fixed Bed Fischer-Tropsch reactor/catalyst system in nominal 500 barrel per day (BPD) capacities complete with related support equipment and modular upgrade packages from 500 BPD to 5,000 BPD. EFT upgrade technology covers conventional middle distillate products (spec diesel, diesel blend stock, spec jet fuels) and a wide range of specialty products. More information can be found at their website: www.emergingfuels.com



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ClearDevelopment forms industry-transforming platform company for the production of environmentally-responsible ultra-clean fuels and chemicals

Dallas - April 2, 2012

ClearDevelopment announced today the formation of a Claeris Development, LP, a platform company focused exclusively on the development and operation of industrial facilities that produce ultra-clean fuels and chemicals from environmentally-responsible sources such as natural gas and other carbonaceous feedstocks. David Black and Mike Slaney, founders of ASAlliances Biofuels and Gevo Development, will commercialize state-of-the-art, industry transforming technologies in a cost advantaged and sustainable business structure. The combination of world-class cleantech project developers and a leading technology sponsor will provide Claeris with unmatched experience, expertise, and credibility. “Claeris’ unique business model and access to capital will enable sustainable ultra-clean fuels and chemicals to be produced profitably at scale,” added Mike Slaney, Managing Partner and founding partner of Claeris.


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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 ~


ENGLEWOOD, Colo., Jun 16, 2011 (BUSINESS WIRE) -- Gevo, Inc. (NASDAQ: GEVO), a renewable chemicals and advanced biofuels company, through its wholly owned subsidiary, Gevo Development, LLC, has entered into a joint venture transaction ("JV") with Redfield Energy, LLC of Redfield, SD ("Redfield"), to retrofit Redfield's existing ethanol plant into an isobutanol plant with an expected production capacity of approximately 38 million gallons per year ("MGPY"). The retrofit is expected to commence by year end 2011, and Gevo expects to begin commercial production of isobutanol at the facility in the fourth quarter of 2012.

"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.

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Gevo, Inc. Announces Pricing of Initial Public Offering

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.

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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.

Engineering for the mechanical retrofitting of the plant has begun and isobutanol production is expected to begin early in 2012. During most of the retrofit process, it is expected that the facility will continue to produce and sell ethanol.

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Gevo, Inc. Files Registration Statement for Proposed Initial Public Offering

Englewood, CO—August 12, 2010— view pdf

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

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Gevo Launches Development Company to Retrofit Ethanol Plants to Make Biobutanol

Englewood, Colorado, Sept. 30, 2009 view pdf

Gevo today announced the formation of Gevo Development, LLC to develop a fleet of biorefineries based on retrofitting existing ethanol plants with Gevo's proprietary technology to produce biobutanol. Biobutanol is an advanced biofuel that can be blended directly into gasoline and be used to make renewable hydrocarbons ("green gasoline"), jet and diesel fuel, chemical intermediates and biobased plastics.

"Gevo took a very big step today toward commercial deployment of advanced biofuels," said Patrick Gruber, CEO of Gevo. "The development company will enable us to secure production capacity by retrofitting existing plants to make commercial volumes to meet demand for advanced biofuels. Gevo Development's business model is open -- it will include acquisitions, joint ventures and tolling arrangements providing flexibility to existing owners and lenders."

Gevo Development, LLC will be managed by Mike Slaney and David Black who have significant experience in the financing, acquisition and operation of ethanol facilities. Slaney and Black co-founded and raised over $430 million to capitalize ASABiofuels, the largest project financing ever completed in the ethanol industry. As managing directors of Gevo Development, they bring the skills and expertise Gevo needs to finance a rapid deployment of its biorefinery technology to produce butanol and hydrocarbons for the fuels and chemicals industry.

"David and I are very excited about joining with Gevo and devoting our full attention to helping it accomplish its commercial objectives," said Mike Slaney. "We believe there is strong investor appetite for a low cost route to advanced biofuels. We simply cannot imagine a better combination than Gevo's biorefinery retrofit technology and ICM's world-class engineering."

In a separate press release today, the company announced it has successfully produced biobutanol at ICM's one million gallon per year commercial demonstration plant in St. Joseph, MO. The Gevo-ICM team has demonstrated that a typical ethanol production process can be retrofit quickly and at a low capital cost to make biobutanol, an advanced biofuel.

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David Black and Michael Slaney form new energy venture

Dallas ~ December 1, 2008

Formerly partners in America's Strategic Alliances, LLC David Black and Michael Slaney have announced the formation of ClearDevelopment Partners, LLC, a company that will leverage their expertise in the development and operations of environmentally responsible assets.

With a proven track record of creating, developing and operating large-scale energy companies, Mr. Black and Mr. Slaney will bring together their relationships with world class companies to create and operate clean energy entities.

"The formation of ClearDevelopment allows us to focus exclusively in this exciting industry, and to further leverage our expertise," said co-founder David Black. Added Michael Slaney, "rising energy costs along with a greater focus on the environmental impact has increased attention on the clean energy industry, and that means there are a number of compelling opportunities for experienced developers and operators in the sector."

The company has already started development on a number of projects. ClearDevelopment, together with its network of professional resources and strategic partners will manage all aspects of the development and operation of its target projects.

The two founders pointed out that despite tough economic conditions, funding is increasing in the clean energy industry and expect significant growth over the next decade.

“Increasing demand for environmentally responsible energy assets is driving the appetite for the development of renewable energy projects and our firm will be a leader in this space,” Black added.

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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

Brookings, SD--VeraSun Energy Corporation (NYSE:VSE), one of the nation's largest ethanol producers, today announced plans to acquire three ethanol plants with a combined annual production capacity of 330 million gallons per year (MMGY) from ASAlliances Biofuels, LLC for $725 million.

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."

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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.

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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.

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American Capital Has Committed to Invest $85 Million In The Project Financing of Three Ethanol Facilities

Bethesda, MD - February 7, 2006 - American Capital Strategies Ltd. (Nasdaq:ACAS) announced today it has committed to invest $85 million in ASAlliances Biofuels LLC, an entity developed by Americas Strategic Alliances LLC [predecessor entity to ClearDevelopment Partners] to construct three large-scale ethanol production facilities. American Capital's investment will take the form of senior subordinated debt and preferred equity. Laminar Direct Capital L.P., a member of the D. E. Shaw group, and US Renewables Group LLC will also be providing senior subordinated debt and equity. Fagen Inc. and Cargill Biofuels Investments LLC will also invest in the equity. A syndicate led by WestLB will be providing senior secured financing to the new Company. Post close, American Capital owns approximately 41% of ASAlliances Biofuels, on a fully diluted basis.

"We are pleased to announce our Energy Group's investment in ASAlliances Biofuels. This investment is American Capital's tenth energy related investment over the past eight and a half years," said American Capital Regional Managing Director Darin Winn. "This was an exciting opportunity for the Energy Group to lead the project financing of three ethanol production plants in the rapidly growing ethanol market. We are looking forward to growing the group as more opportunities arise in all segments of the energy industry."

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.

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