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Caraustar Industries Enters Joint Venture to Supply Chinese Mills With Recovered Fiber

Caraustar Industries, Inc.'s (Nasdaq: CSAR)Recovered Fiber Group has entered into a joint venture, PaperLink International, LLC, with Main West Development Limited, a major Chinese manufacturer of coated duplex paperboard and recycled medium. The joint venture will supply Main West's recovered fiber needs and sell fiber to third party mills in China. The joint venture's objective is to achieve volume exceeding 400,000 metric tons in 2005. Caraustar has a 30 percent interest in the profits of the joint venture. Caraustar, a recycled packaging company, is one of the largest and most cost-effective manufacturers and converters of recycled paperboard and packaging products in the United States. The company has developed its leadership position in the industry through diversification and integration from raw materials to finished products. Caraustar serves the four principal recycled paperboard product markets: tubes, cores and cans; folding cartons and custom packaging; gypsum wallboard facing paper; and miscellaneous "other specialty" and converted products.

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H2Scan Secures US$2.54 Million in Funding Round

H2Scan(TM), a leading provider of hydrogen-specific leak detection and real-time process monitoring systems, announced it has secured $2.54 million in Series B funding to expand its management team and increase sales, marketing and product development efforts. Investors in this round include Chrysalix Energy Limited Partnership, Pasadena Angels, Tech Coast Angels (TCA) and H2Scan's founder and CEO. "We believe H2Scan has the potential to be a dominant player in the large and growing market for hydrogen-specific sensing devices," said Mike Walkinshaw, managing director, Chrysalix. "The uniqueness of H2Scan's technology, capable management team and huge sales potential continue to make the company an attractive investment for us." H2scan's hydrogen-specific sensing systems essentially eliminate false readings by detecting the presence of hydrogen, with or without oxygen, against virtually any background gas. H2Scan's technology works in seconds, even when hydrogen is present in concentrations of only 10 parts per million (PPM), over a wide range of temperatures and without cross-sensitivities to any other substances.

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Weekly Clean Energy Roundup:December 8, 2004

News and Events Pennsylvania Governor Approves Renewable Energy and Alt-Fuel Bills Wisconsin Energy Task Force Recommends Efficiency, Renewables New Large Wind Power Plants Planned for Washington and Oregon Nevada Tribe Uses Solar Power, Earns First State Rebate Connecticut and Moab, Utah, Show Support for Green Power Energy Efficiency Report Highlights Commercial Buildings, Ducts, and Power Supplies Energy ConnectionsDOE Report on “Cold Fusion” Studies Recommends More Research News and EventsPennsylvania Governor Approves Renewable Energy and Alt-Fuel BillsPennsylvania Governor Edward Rendell signed a bill into law last week that will require the state’s electric utilities to draw on renewable energy and other alternative energy sources for a percentage of their electricity supply. By late in 2019, 8 percent of their electrical supply must be derived from “Tier One” sources, defined as solar power from photovoltaic systems, wind power, low-impact hydropower, geothermal energy, fuel cells, biomass energy (from dedicated crops or waste streams), biologically derived methane gas, and methane recovered from venting coal mines. In addition, 10 percent of their power must come from “Tier Two” sources, defined as demand-side management, distributed generation systems, large-scale hydropower, municipal solid waste, wood manufacturing by-products, waste coal, and integrated combined-cycle coal gasification technology (also known as […]

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