SOUTHRIDGE ENTERPRISES INC – Inks 20 Million Gallon per Year deal with Chinese
Southridge Enterprises, Inc. (OTCBB: SRDG) is trading up 16.67% following the Company’s August 21, 2008 announcement that that it has entered into an ethanol sales agreement with Hong Kong based Jinsung Ho Trading Group (JHTG) for the supply of 20 million gallons of ethanol per year. Deliveries are expected to begin in October 2008. The ethanol is being sourced from Petrozilian Energia SA (PES) from Brazil.
Over the last several quarters the company completed several similar ethanol sale transactions with European based buyers. However, this new transaction with JHTG is a direct result of our increased exposure from the Company’s market awareness program in the Asian Pacific Rim. The Company expects this to be the first of many purchases to come from that region. To read the entire story, click here:
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NOVA BIOSOURCE– Receives Certificate of Substantial Completion on Biodiesel Refinery.
Nova Biosource Fuels, Inc. (Amex: NBF), a refiner and marketer of ASTM quality biodiesel, is trading up 1.43% following the Company’s August 21, 2008 announcement that the biodiesel refinery under construction for Scott Petroleum in Greenville, Mississippi has received its certificate of Substantial Completion. The 20 million gallon per year biodiesel refinery will continue to produce ASTM D6751 quality biodiesel from a variety of feedstocks with high free fatty acid (FFA) levels. The ability of the biodiesel refinery to process feedstocks with higher FFA levels provides a significant cost advantage, because these feedstocks tend to cost less. In addition, Nova announced commencement of its biodiesel tolling and off-take agreement with Scott Petroleum. Under this agreement, Nova has the rights to purchase up to 50 percent of the monthly plant output of biodiesel and technical glycerin. To read the entire story, click here:
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ENER1 INC – Subsidiary Meets with Indiana Governor as He Unveils Incentive Package
Ener1, Inc., (Amex: HEV) is trading up 1.12% following the Company’s August 21, 2008 announcement that Indiana Governor Mitch Daniels today joined with the CEO and other officials from advanced lithium-ion battery developer EnerDel to announce a set of performance-based incentives associated with major expansion plans at the company’s Indianapolis manufacturing facilities. EnerDel leaders praised Daniels for his strong leadership in crafting a package designed to bring new jobs and enhanced competitiveness for the state’s high tech and automotive manufacturing base at a crucial time in a growing industry. To read the entire article, click here:
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RASER TECHNOLOGIES – Reports Setting First 20 Geothermal Generating Units at Beaver County, Utah
Raser Technologies, Inc. (NYSE Arca:RZ) is trading up .13% following the Company’s August 21, 2008 announcement that it has completed setting the first 20 geothermal generating units at its Thermo plant in Beaver County, Utah. Raser had previously announced the setting of the first five units on August 12 and has continued its rapid deployment completing the setting of the first 20 units earlier this week. The plant is on schedule and Raser expects to have all 50 units set by the end of next week. The Company has also continued its well field development and construction efforts on the Thermo site while working to complete the steps necessary to close its construction and permanent financing for its Thermo project. To read the entire story, click here:
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COMPOSITE TECHNOLOGY CORPORATION – Inks Sale of Two Megawatt Wind Turbines
Composite Technology Corporation (OTCBB:CPTC) is trading up 2.83% following the Company’s August 21, 2008 announcement that its DeWind subsidiary has signed an agreement for the sale of two D8.2 two megawatt wind turbines to Willmar Municipal Utilities in Willmar Minnesota. The DeWind D8.2 synchronous power turbine was chosen by the utility after a lengthy evaluation process and a series of city approvals. The contract is valued in excess of $6 million with scheduled delivery of the turbines set for May 2009. DeWind will provide nacelles, blade sets and towers. To read the entire story, click here:
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WELWIND ENERGY INTERNATIONAL CORP – In Talks for Chinese Wind Farm
Welwind Energy International Corp. (OTC BB:WWEI) is trading up 1.3% following the Company’s August 21, 2008 announcement that it has entered into an agreement to begin the due diligence process of acquiring a 49% (forty-nine) interest in a 49 MW wind farm project located in China. The potential acquisition would require a US$37.5M investment of which Welwind has multiple parties interested in participating in this debt financing. To read the entire story, click here:
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CYCLONE POWER TECHNOLOGIES – Hosts Congressman to View Engine
Cyclone Power Technologies (Other OTC:CYPW) is trading up 3.45% following the Company’s August 21, 2008 announcement that it had hosted Rep. Ron Klein (D-FL) Friday in a meeting requested by the Congressman to view the Cyclone Engine and discuss ways to support the company’s award-winning technology on Capitol Hill.
This visit to Cyclone’s research facility represented the second meeting between Rep. Klein and the Cyclone team. The first occurred at the Congressman’s recent press conference to announce his five-point plan to reduce gas prices and help achieve American energy independence. Among the solutions Rep. Klein presented in July to “break our addition to oil” included greater investments in cutting edge technology, such as the multi-fuel capable Cyclone Engine.
The Cyclone Engine is a highly advanced steam engine, capable of running efficiently on virtually any fuel source. Over the last year the company has successfully run the environmentally-friendly Cyclone Engine on dozens of bio-fuels and synthetic gas alternatives, including fuels derived from algae and other inexpensive, renewable sources that do not eat into the world’s food supply. Also, whereas diesel engines can only use 5% alternative fuels without voiding warranty and possibly damaging the engine (according to a 2008 EPA report), the Cyclone Engine can run 100% bio-fuel, even at less refined and less expensive stages of production. To read the entire story, click here:
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