Vitol, Helios and Shell Reach Agreement on African Downstream Businesses

Vitol today announced that, in partnership with Helios Investment Partners, it has agreed to purchase the majority of Shell’s shareholding in most of their downstream businesses in Africa for a total consideration of some $1 billion. Under the agreements, two new joint venture companies will assure continued availability of Shell fuels and lubricants... 

Conduit Capital to Build $127 Million Power Plant in Jamaica

Conduit Capital Partners LLC, a private equity investment firm focused on energy infrastructure investment and development in Latin America and the Caribbean, today announced that it will build a $127 million power plant in West Kingston, Jamaica. The thermal power plant, which will initially run on oil but can also be fitted to run on natural gas,... 

Masdar Set to Capitalise on International Adoption of Renewable Energy

Masdar chief executive Dr. Sultan Al Jaber announced that Masdar, a multi-faceted future energy initiative wholly owned by the Mubadala Development Company, is well-positioned to capitalise on the “undeniable momentum and long term viability” of renewable energy technology in his keynote speech at the World Future Energy Summit in Abu Dhabi. Dr.... 

Verenium Announces First Commercial Cellulosic Ethanol Project

Verenium Corporation, a pioneer in the development of next-generation cellulosic ethanol and high-performance specialty enzymes, announced plans to build its first commercial-scale cellulosic ethanol facility in Highlands County, Florida. The Company has entered into long-term agreements with Lykes Bros. Inc., a multi-generation Florida agri-business... 

Constellation Energy Provides Update on Liquidity and Strategic Initiatives

Constellation Energy provided an update on its previously announced plans to increase available liquidity and reduce risk in its commodities businesses. Constellation Energy announced that the closing of the previously announced credit facility has been extended to no later than Nov. 26 and currently expects to receive total commitments from the banks... 

NxtGen Emission Controls Inc. Announces the Close of a $15.4 Million USD Series ‘B’ Investment Led by Altira

NxtGen Emission Controls Inc. announced the closing of a $15.4 million USD Series B investment led by Altira Group LLC. NxtGen is an emerging leader in syngas technology for diesel engine combustion optimization. NxtGen’s technology is making existing and new engines cleaner to meet global emission reduction regulations. It provides a platform... 

Suntech Reinforces Its Commitment to Tackling Climate Change by Joining The Climate Group

Suntech Power Holdings Co., Ltd., the world’s largest photovoltaic (PV) module manufacturer, announced it has joined The Climate Group, a global, independent organization dedicated to accelerating action on climate change. Suntech is the first and only solar energy company to join The Climate Group. Uniting with other international members of... 

Former U.S. Under Secretary of Commerce Kenneth I. Juster to Advise Sunovia Energy Technologies

Sunovia Energy Technologies, Inc. announced that former U.S. Under Secretary of Commerce Kenneth I. Juster has agreed to serve as a senior advisor on the company’s advisory board. Under Secretary Juster will provide strategic counseling and assistance on a range of issues relating to public policy and international commerce. Sunovia, an early-stage... 

NEMI and Aviva to merge, creating a growth-oriented international coal and energy business.

NEMI Northern Energy & Mining Inc. and Aviva Corporation announce that they have entered into a merger implementation agreement to combine the businesses of the two companies to create a new growth-oriented international coal and energy group. The combined entity will provide investors with exposure to operating and development stage assets across... 

PowerSecure Announces Basil Briggs Retires as Chairman, Anthony Pell Assumes Post

PowerSecure International, Inc. today announced that Basil M. Briggs, 72, who has served as the non-executive Chairman of the Board of the Company since April 2007 and on the Board of Directors of the Company since 1991, has retired for health reasons. The Board has appointed Anthony D. Pell, an independent director who has served on the Board since...