Dresser-Rand Group Inc., a global supplier of high-speed rotating equipment and service solutions, announced today that it has signed a Share Purchase Agreement (“SPA”) to acquire Grupo Guascor S.L. (“GG”) for an enterprise value of euro 500 million ($690 million) in a cash and stock transaction. The enterprise value includes...
The U.S. concluded 2010 as the top renewable ethanol producing country, according to the Global Biofuels Outlook to 2020, recently released from Hart Energy Consulting’s Global Biofuels Center (GBC). With more than 51 billion liters (13.47 billion gallons) of ethanol production capacity in operation, the U.S. is by far the leader, with South America’s...
ICL, a multinational fertilizer and specialty chemicals company, today announced that its ICL Fertilizers segment will supply its Chinese customers with 500,000 tons of potash in the first half of 2011, within the framework of its existing supply agreements with its Chinese customers. The price per ton is similar to recent prices concluded by other...
Reportlinker.com announces that a new market research report is available in its catalogue: Global LNG Market Trends, Outlook and Business Prospects to 2015 http://www.reportlinker.com/p0366585/Global-LNG-Market-Trends-Outlook-and-Business-Prospects-to-2015.html Report Description Global LNG industry is in a state of flux. The industry is poised to...
U.S. stocks were little changed on Thursday, paring losses after weaker-than-expected jobless claims and helped by a rise in Marathon Oil. Contributing to the weakness was a sharp drop in shares of Merck on disappointing drug trial news. The drugmaker was the biggest percentage decliner on the S&P 500. Weekly initial claims for unemployment benefits...
Wind To Power Systems Inc. (W2PS), a leading provider of systems that integrate renewable power into the electric grid, announces an agreement with Global Energy Services (GES) as the authorized factory service provider for W2PS products installed in North America. Global Energy Services is the leading operator in engineering, installation and maintenance...
Earth Biofuels, Inc. announced it has acquired a 40% ownership stake in American Petrox, Inc., based in Plano, Texas. API is a fuel supply company specializing in the supply of gasoline and diesel fuel to the aviation industry. API has supplied aviation companies such as American Airlines, Delta Airlines, and Continental Airlines with fuel for ground...
Foster Wheeler Ltd. announced that a subsidiary of its Global Power Group has been awarded a contract for a heat recovery steam generator (HRSG) by UTE IBERESE-SOMAGUE — a business alliance formed between Iberese and the constructor, Somague, a Portuguese subsidiary of the Spanish construction group Sacyr Vallehermoso. The boiler will be integrated...
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....
Capstone Turbine Corporation, the world’s leading clean technology manufacturer of microturbine energy systems, today announced it has shipped its first C1000 megawatt scale product. The system will be installed at ANTEX, located in Spain. ANTEX is an independent Spanish textile group whose activity centers on the broad world of synthetic yarns. It...