Bush Climate Report Shows U.S. Greenhouse Gases Skyrocketing
URL: http://www.ens-newswire.com/ens/mar2007/2007-03-05-03.asp Website: http://www.ens-newswire.com/ens/mar2007/2007-03-05-03.asp
China About to Pass U.S. as World's Top Greenhouse Gas Generator
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Bank of America Announces $20 Billion Environmental Initiative
Bank of America Corporation announced a $20 billion initiative to support the growth of environmentally sustainable business activity to address global climate change. Bank of America’s ten-year initiative encourages development of environmentally sustainable business practices through lending, investing, philanthropy and the creation of new products and services. Said Kenneth Lewis, Bank of America chairman and CEO, “Today, we have a tremendous opportunity to support our customer’s efforts to build an environmentally sustainable economy – through innovative home and office construction, new manufacturing technology, changes in transportation, and new ways to supply our energy.” Under its environmental initiative, Bank of America will emphasize the business opportunities created by “green” economic growth by providing critical financing to encourage the development of environmentally sustainable products and technology; accelerate the deployment of existing technology; and increase energy efficiency. Bank of America will commit $18 billion in lending, advice and market creation to help commercial clients finance the use and production of new products, services and technologies: * Commercial Real Estate Banking: The company will build upon its expertise in financing environmentally friendly development by creating customized solutions for clients who are developing and implementing environmentally sustainable designs. Areas of focus include financing real estate […]
ABM AMRO Opens Indian Socially Responsible Fund
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Liquidia Technologies Raises $16M
Liquidia Technologies, a development-stage nanotechnology company, has closed a $16 million round of funding to accelerate development of applications related to their PRINTTM technology platform. The Series B financing, led by New Enterprise Associates, will enable scale-up of Liquidia’s PRINTTM platform manufacturing capabilities, acceleration of preclinical testing and development in life sciences, and expansion of product development activities in specific alternative energy and materials science applications. The financing also includes syndication from existing investors, Wakefield, Firelake Capital, and Dr. Lowry Caudill and Dr. Al Childers, founders of Magellan Labs. Liquidia is focused on commercializing its proprietary PRINTTM (Pattern Replication In Non-wetting Templates) platform in life sciences applications that will include targeted delivery therapeutics, drug product reformulations, and drug-device combination therapies. In materials science, the company is focused initially on nano-engineered films and membranes for the alternative energy and materials science markets. Website: http://www.liquidia.com
Trina Solar Targets Commercial Cell Production Launch
Trina Solar announced its new 50MW cell line has passed the testing phase and anticipates a commercial launch at the beginning of April 2007. Trina will ramp up capacity throughout the year to reach its target of 150MW by the fourth quarter. “We have achieved cell efficiencies slightly higher than 16% and we intend to continue to improve these levels as we ramp up our capabilities in the coming months,” says Dr. Mohan Narayanan, Vice President, Technology. Trina is integrating a vertical model to capture more of the value added solar PV supply chain thus enhancing margins, while improving its ability to monitor the quality of its products over the entire manufacturing process.
WorldWater Wins $5.7 Million Project
WorldWater & Power Corp. (WWAT.OB), developer and marketer of proprietary high-power solar systems, has been awarded a contract worth $5.7 million by Bayshore Recycling Corp. for installation of a 700 kilowatt system at the company’s Keasbey, New Jersey, headquarters. Bayshore, a large regional recycler of construction debris, will use the solar installation to power a significant portion of its operations. The firm recycles concrete, asphalt, brick, block, and slag, which are processed and transformed into marketable products. Website: [sorry this link is no longer available]
AgriFuel Closes Initial Biodiesel Investments
AgriFuel Co., a privately held biofuel concern, has acquired interests in two northeastern biodiesel producers and is near closing on a third. AgriFuel purhcased 45% of the equity of York, Pennsylvania-based United BioFuels, Inc., with an option to increase its stake to 60%, and 52.5% of the stock of Buffalo Biodiesel, Inc. of Buffalo, New York with a right to buy the rest of the Company’s outstanding stock. United operates a soy oil processing facility using proprietary production technology. The company is expanding its plant’s production capacity to four million gallons per year while incorporating technological upgrades that will enable it to process lower-cost feedstocks. Completion of the expansion is targeted for August 2007. Buffalo Biodiesel is in the initial phase of constructing a four-million-gallon biodiesel plant using a proven state-of-the-art modular technology. It is also aggressively expanding its existing waste oil collection business, which is expected to contribute up to 50% of the feedstock for Buffalo Biodiesel’s biodiesel production plant. The remainder of the plant’s raw materials will consist of soy oil and used vegetable (“yellow grease”) oil purchased from third parties. AgriFuel expects to acquire the remaining 47.5% of Buffalo Biodiesel’s stock within twelve months. No schedule has […]
AES Invests in Altair Nanotechnologies
Global energy company AES Corporation (NYSE: AES) has made a $3 million strategic investment in Altair Nanotechnologies Inc. (Nasdaq: ALTI), a development stage manufacturer of battery pack systems for electric and hybrid-electric automobiles and stationary power systems. AES purchased 895,523 treasury shares of Altair common stock at $3.35 per share, representing about 1.5% of Altair’s shares. “Advanced battery technologies have the potential to transform both the electricity and transportation sectors,” said Robert Hemphill, AES Executive Vice President. “The batteries that Altairnano is beginning to ship, with their high power density and extended cycle life, offer great promise for powerful, fast charging electric vehicles and other applications.” Website: http://www.altairnano.com
Brazil-Japan Ethanol Investment Could Hit US$8 Billion
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