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W2 Energy taking 51% Stake in Malaysian Biodiesel Producer (M&A)
W2 Energy,AM Biofuels
GUELPH, Ontario-based W2 Energy, Inc. has signed a binding MoU to purchase 51 percent of AM Biofuels' 30,000 mtpy of biodiesel plant in Pasir Gudang Port of Johor Malaysia. The plant, which is
licensed under the Malaysian Palm Oil Council, is a multi feedstock technology facility based on the esterification process. AM Biofuels was fully commissioned in end of 2010. The plant is currently in operation and plans to produce 20,000 MT of Palm biodiesel within 2103.
Pasir Gudang Port is 30 kilometers away from Singapore, the world largest trading hub for oils, petrochemicals, and biofuel.
The acquisition is valued at $5,500,000 US and W2 energy will receive a total of 51% shares of AM Biofuels for 55,000,000 W2 Energy shares at a deemed value of US 0.10 cents per share. (Source: W2 Energy, 6 Feb., 2013) Contact: W2 Energy, Michael McLaren, CEO, (519) 800-7556, [email protected], www.w2energy.com ; AM Biofuels, http://www.ambiofuels.com.my
Tags W2 Energy news, Palm Oil news, Biodiesel news,
W2 Energy takes Stake in Palm Oil Biodiesel Producer (M&A)
W2 Energy,AM Biofuels
Guelph, Ontario-headquartered W2 Energy Inc. is set to take a 51 percent stake in Malaysia's AM Biofuels for $5.5m.
AM Biofuels owns and operates a biodiesel production facility in the Pasir Gudang Port of Johor Malaysia, one of the largest chemical centers in Asia, with a 30,000 metric tpy capacity.
The facility was commissioned late in 2010 2010 and is slated to produce 20,000 metric tpy of biodiesel from palm oil in 2013.
W2 Energy will install and commission a sixth fuel oil replacement plant on the Pasir Gudang Port site and distribute the product through Ecobound Fuel Production Systems production license. (Source: W2 Energy, Newnet, 5 Feb., 2013) Contact: W2 Energy Inc., Mike McLaren, CEO, [email protected], www.w2energy.com; AM Biofuels, www.ambiofuels.com.my
Tags W2 Energy news, Palm Oil news,
W2 Energy Assembles Turn-key Biodiesel Plant in Guelph (Ind. Report)
W2 Energy.Agri-Green Biodiesel
Following on our May 27 coverage, Carson City, Nevada-based W2 Energy has completed the installation of its recently acquired Agri-Green Biodiesel turn-key bio-diesel plant at its Guelph, Ontario location. The plant is now fully operational and the company anticipates a production capacity of 650,000 gpy.
Presently, W2 is sending sample runs to an independent laboratory in order to obtain its government ASTM spec certification and, In the interim, is producing sample runs in preparation for full production. The company is also
negotiating fuel sales contracts.
(Source: W2 Energy, Aug., 8, 2012) Contact: Mike McLaren, CEO, W2 Energy Inc., [email protected], www.w2energy.com
Tags W2 Energy news, Agri-Green Biodiesel news, Biodiesel news,
W2 Energy Receives Botswana Commitment for CTL Prototype Plant (Int'l, Ind. Report)
W2 Energy, Inc. reports the immediate development of a $5 million, 1,000 gpd Coal/Waste to Liquid (CTL) prototype plant capable of producing 10 ton/day coal/waste synthetic fuel production in Selebi-Phikwe, Botswana.
Using EGM's Enhanced Fuel Refinery System production could reach 2,000 gpd and yield
approximately $2,686,000 per year. Those estimates are for fuel production only and do not take into consideration any power produced by the plant.
W2 Energy Inc. develops renewable energy technologies and applies it to new generation power systems. Specifically, W2 Energy's plasma assisted biomass to energy plants utilize state of the art technologies to produce green energy both fuel (sulfur free diesel) and electricity at the most efficient cost in capital investment and production per/barrel, per/Megawatt. W2 Energy Inc. owns a large technology portfolio of patents and know-how that has been extensively validated and ready for commercial production. (Source: W@ Energy, 20 June, 2012) Contact:
W2 Energy Inc., www.w2energy.com
Tags W2 Energy news,
W2 Acquires Agri-Green Biodiesel , Assumes Corporate Debt (M&A)
W2 Energy.Agri-Green Biodiesel
In Canada, W2 Energy has completed its purchase of Agri-Green Biodiesel. After signing a Letter of Intent in May 2010 (see archives for details) to purchase a 60% interest, the purchase has expanded to 100% in exchange for the assumption of Agri-Green's corporate debt. W2 Energy CEO Mike McLaren said of the purchase, "We consider this acquisition of Agri-Green a strategic opportunity for us, because of our ability to produce biodiesel less expensively by using our low-temperature plasma technology. We can use W2 Energy's NT Plasmatron and MultiFuel gas-to-liquid reactor to make its own methanol, electricity and heat from waste sources, thereby reducing the costs of the methanol used in the biodiesel process." (Source: W2, 21 May, 2012) Contact: Mike McLaren, CEO, W2 Energy Inc., [email protected]
Tags W2 Energy news
, Agri-Green Biodiesel news
W2 Developing Energy-Storage System Engine (New Prod. & Tech.)
W2 Energy,Solon,Tucson Electric Power
Carson City, Nevada-based W2 Energy Inc. reports that it is working on a second-generation engine system for an Arizona Research Institute for Solar Energy (AzRISE) compressed-air energy-storage (CAES) system that will be deployed at the University of Arizona Science and Technology Park in Tucson, Ariz. The CAES system will be connected to a 1.6 MW solar plant built by Solon for Tucson Electric Power (TEP).
The project has taken longer than expected due to delays in the storage tank's delivery to AzRISE, according to W2 Energy. The company also redesigned the engine system several times in order to incorporate new ideas discovered during testing.
"While W2 Energy and AzRISE have not met some of their targets for technology deployment and testing, both parties, as well as their partners TEP and Solon, remain committed to proving the viability of compressed air as a storage medium for renewable and conventionally produced electricity," says Joe Simmons, director of AzRISE. (Source: W2 Energy, December, 2, 2011)Contact: Patricia Browne, Solon America, (520) 647-8754, [email protected], www.solon.com/us/; Joseph H. Simmons, Director, Arizona Research Institute for Solar Energy (AzRISE), (520) 322-2970, http://azrise.org; Mike McLaren, CEO, W2 Energy Inc., (416) 246-1100, [email protected], www.w2energy.com
Tags Compressed Air Storage news, W2 Energy news, Tucson Electric Power news, Solon news, AzRise news,
Solon, Tucson Electric Power Investigating Energy Storage (R&D)
Solon Corp.,Tucson Electric Power
Tucson, Arizona-based photovoltaics maker Solon Corp. is teaming up with Tucson Electric Power (TEP) Co. and the Arizona Research Institute for Solar Energy (AzRISE) to build an energy storage research site at the University of Arizona (UA) Science and Technology Park. The site will be connected to a 1.6-megawatt solar plant, recently built by Solon for owner TEP at the UA Tech Park's Solar Zone.
The first phase of the project begins in August, when Solon and AzRISE plan to install a compressed-air energy storage (CAES) system designed and constructed by UA faculty and students.
The second phase will add a lithium-ion battery storage system this fall, followed by additional technologies in spring 2012.
The UA research, funded by Science Foundation Arizona, the U.S. DOE, and TEP, is led by Simmons and assistant professor Krishna Muralidharan, and a team of graduate and under-graduate students working with an off-the-shelf industrial compressor and a new, high-efficiency rotary engine system from Ontario, Canada-headquartered W2 Energy.(Source: University of Arizona, Arizona Star, July, 25, 2011)
Contact: Patricia Browne, Solon America, (520) 647-8754, [email protected], www.solon.com/us/;Joseph H. Simmons, Director, Arizona Research Institute for Solar Energy (AzRISE), (520) 322-2970, http://azrise.org
More Energy Overviews Tucson Electric Power news, Compressed Air Energy Storage news, Battery Energy Storage news, Solon Corp. news,
W2 Energy's Biobutanol reactor construction underway (Ind. Report)
Carson City, Nevada-based W2 Energy reports that it can produce biobutanol by modifying its SunFilter Algae Reactor to grow a mixture of 60% biobutanol, 30% acetone, and 10% ethanol.
The company says it will grow these alcohols in a modified SunFilter seeded with the bacterium Clostridium acetobutylicum rather than with algae. The Clostridium bacteria will grow on the syngas produced by the NT Plasmatron rather than the SunFilter's combination of air and carbon dioxide. The biobutanol reactor will be built with glass tubes rather than the current SunFilter's acrylic tubes, because the Clostridium bacteria can damage acrylic.
"Biobutanol may become one of the transportation fuels of the future, and it already has a robust worldwide market for a variety of industrial uses. Making biobutanol with our existing technology is a recipe for success."" says W2 Energy CEO Mike McLaren. (Source; W2Energy)
Contact: Mike McLaren, President & CEO, W2 Energy, (519) 341-3185, www.w2energy.com
More Energy Overviews W2 Energy news, Biobutanol news,
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