--(www.USEquityNews.com)-- 10/29/2008 - Alternative Energy industry alert provided by U.S. Equity News. CleanTech Biofuels, Inc. (OTCBB: CLTH), formerly a sublicensee of World Waste Technologies' patent (U.S. Patent No. 6,306,248 and Patent Cooperation Treaty, International Application No. PCT/US01/50049, Method for Transforming Diverse Pulp and Paper Products into a Homogenous Cellulosic Feedstock), announces that it has acquired that patent. CleanTech Biofuels is now able to file new United States and international patents based on the combined technologies described in the patent and those of Biomass North America Licensing. CleanTech CEO, Ed Hennessey, noted, "We are very excited to have completed this transaction, as this acquisition creates many new opportunities for our company."
BioCentric Energy Holdings, Inc. (OTC: BEHL) has signed an Association Agreement with Zenxin of China. Specifically, this partnership will result in the formation of BioCentric Energy Algae Hong Kong Ltd (BCEA HK). The first of many projects of this alliance is located in Wuhan, China, which is a coal fired steel generation facility emitting 40,000 tons of CO2 per year. Wuhan has the distinction of emitting 33,000,000 tons per year of CO2 from their coal fired steel factories. BCEA HK will deliver CO2 reduction and profitable Algae growth for production of oil to biodiesel, and gasifying the residue to biogas to produce electricity through jet turbine generators within a closed loop solution.
Shares of ethanol producer VeraSun Energy Corp. (NYSE: VSE) closed up nearly 46 percent Tuesday in a surge one analyst says could have been prompted by investors covering short sales. VeraSun shares gained 33 cents to close at $1.05 on Tuesday, regaining most of its day-earlier losses when shares plummeted 43 cents amid reports that the biofuels company closed one of its ethanol plants in Indiana. The stock is still far from its high of $17.75 reached last December.
Shares of Hercules (NYSE: HPC), which has agreed to be acquired by fellow chemical company Ashland, soared Tuesday even after it reported that its third-quarter profit fell 19 percent. Covington, Ky.-based Ashland said Tuesday it has received the necessary regulatory approval to buy Hercules and was working with banks on financing. Shares rose $3.62, or 27.1 percent, to close at $16.98. Hercules said late Monday it made $39.5 million, or 35 cents per share, for the quarter ended Sept. 30 compared with $48.8 million, or 42 cents per share, a year ago. The quarter included an after-tax charge of $6.8 million, or 6 cents per share, associated with its pending acquisition by Ashland. Discounting the charge and other one-time events, Hercules made $42.4 million, or 38 cents per share, compared with $53.4 million, or 46 cents per share, in the third quarter of 2007. Sales rose 11 percent to $605.8 million from $544.2 million.
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