MagneGas Reports Preliminary Financial Results and Business Update for the Second Quarter of 2017

Metal cutting fuel revenue increases 50.1%  
Investor Call to be held on Friday, August18th at 11:30 a.m. Eastern Time 
 
MagneGas Corporation ("MagneGas" or the "Company") (NASDAQ: MNGA), a leading clean technology company in the renewable resources and environmental solutions industries, today announced preliminary financial results for the second quarter ending June 30, 2017.
 
Ermanno Santilli, Chief Executive Officer of MagneGas, stated, "We experienced a 50.1% increase in metal cutting fuel revenue in the second quarter of 2017 versus the same period last year. This compares favorably the industry growth rate of just 2-3%. Our growth in this segment is primarily due to the successful expansion into two new markets, which have begun to deliver consistent and scaled revenues for the Company in 2017. We have implemented additional sales and marketing initiatives, which we expect will help further drive our growth going forward. In addition, we are utilizing MagneGas2® as a key introductory product to penetrate large industrial clients.
Published: 18 August 2017
Written by Editor
Nasdaq   Financial Results   Up on News  
Read more: MagneGas Corporation ( MNGA )

BIOX Extends Bridge Note and Announces that it has Received a Non-Binding Offer Regarding an Acquisition by its Principal Shareholder Group

TORONTO, May 15, 2017 BIOX Corporation ("BIOX" or the "Company") (TSX: BX), a renewable energy company that owns and operates biodiesel production facilities, today announced that the secured bridge note held by CFFI Ventures Inc. ("CFFI Ventures") in the original aggregate principal amount of US$5,221,546 issued on January 1, 2017 (the "Bridge Note"), as amended as of March 23, 2017, was further amended today to extend the maturity date from June 30, 2017 to September 30, 2017. The Bridge Note extension is subject to regulatory approval.
 
BIOX also announced that, following lengthy discussions, it has received a non-binding offer from its principal shareholder group, FP Resources Limited, CFFI Ventures and certain of their affiliates (collectively, the "CFFI Group"), for an acquisition transaction whereby the CFFI Group would acquire all of the outstanding common shares of the Company not owned by the CFFI Group for consideration of C$1.23 per share (the "Proposed Transaction"). 
Published: 16 May 2017
Written by Editor
TSX   M & A   Up on News  
Read more: BIOX Corporation ( BX )

Pacific Ethanol Reports Fourth Quarter and Year-End 2015 Results

SACRAMENTO, Calif., March 09, 2016  -- In a press release issued earlier today by Pacific Ethanol, Inc. (PEIX), please note that the financial data related to Adjusted EBITDA have been corrected. The full, corrected version follows:
 
– Acquisition of Midwest Assets Contributed to 4Q15 Net Sales Growth of 47% Over Prior Year and Record 4Q15 Total Gallons Sold of 213.5 Million –
– GAAP Net Loss Per Share Was $0.03, Adjusted Net Income Per Share Was $0.02 and Adjusted EBITDA Was $11.0 Million for 4Q15 –
 
Pacific Ethanol, Inc. (PEIX), a leading producer and marketer of low-carbon renewable fuels in the United States, reported its financial results for the three and twelve months ended December 31, 2015.
Published: 10 March 2016
Written by Editor
Nasdaq   Up on News  
Read more: Pacific Ethanol Inc ( PEIX )

Butamax and Gevo Enter into Global Patent Cross-License and Settlement Agreements to Accelerate Development of Markets for Bio-Based Isobutanol and End All Litigation

WILMINGTON, Del., Aug. 24, 2015 -- Gevo, Inc. and Butamax Advanced Biofuels, LLC, a joint venture between BP and DuPont, announced that they have entered into worldwide patent cross-license and settlement agreements, ending a patent dispute related to technologies for the production of bio-based isobutanol. This settlement ends all of the lawsuits and creates a new relationship between the companies, aimed at leveraging each other's strengths and accelerating development of competitive supply for bio-based isobutanol.

The cross-license agreement grants both parties patent licenses to all fields for isobutanol and is structured to develop robust and sustainable isobutanol markets. The license will be royalty bearing for Butamax in certain fields and royalty bearing for Gevo in other fields. There are also a number of fields that are royalty-free for both companies. Both parties can sell up to 30 million gallons per year royalty-free into any field.

Published: 24 August 2015
Written by Editor
Nasdaq   Up on News   Project Update  
Read more: Gevo Inc ( GEVO )

Gevo's Jet Fuel to be Used in First Ever Test Flight Flown on Fuel Derived From Wood Waste

Gevo's Patented Technology to Make Jet Fuel From Cellulosic Wood Waste Will be Used in Demonstration Flight Sponsored by Northwest Advanced Renewables Alliance and Major North American Airline

ENGLEWOOD, Colo., June 4, 2015 -- Gevo, Inc. (GEVO) announced today a breakthrough to its fermentation technology that will allow it to produce isobutanol from cellulosic feedstocks such as wood waste which can then be converted into Gevo's alcohol-to-jet fuel.

Gevo currently makes isobutanol from corn at its plant in Luverne, Minn., but its process has always had the flexibility to adapt to other feedstocks. The process announced today uses forest residuals -- the wood scraps that are left over from logging operations -- providing a value creating recycling opportunity for waste wood that is traditionally left in the forest, potentially becoming a forest fire hazard. The company has previously announced the testing and use of its alcohol-to-jet fuel derived from its corn-based isobutanol in conjunction with major airline partners and the U.S. military.

Published: 04 June 2015
Written by Editor
Nasdaq   Up on News   Project Update  
Read more: Gevo Inc ( GEVO )
  1. MagneGas Corporation ( MNGA )
  2. MagneGas Corporation ( MNGA )
  3. Gevo Inc ( GEVO )
  4. MagneGas Corporation ( MNGA )
  5. Biofuel Energy Corp( BIOF )