Clean Diesel Technologies reports 2Q 2005 results

Clean Diesel Technologies reports 2Q 2005 results

FOCUS ON C ATA LY S T S the use of LSBC’s technologies. BioCatalytics Inc is a leading provider of enzymes and enzymatic technology, with one of th...

36KB Sizes 0 Downloads 138 Views

FOCUS

ON

C ATA LY S T S

the use of LSBC’s technologies. BioCatalytics Inc is a leading provider of enzymes and enzymatic technology, with one of the largest product lines of enzymes for chemical synthesis available anywhere. Large Scale Biology Corp is a biotechnology company developing and biomanufacturing biotherapeutics, vaccines, and industrial proteins for important life science industry markets.

Tropsch synthesis. Shell will use its Middle Distillate Synthesis technology to convert the syngas into biofuels at a 15,000 tonne/y plant. Choren will market it as SunFuel. It can be used in any diesel engine without modification and without compromising performance. European Chemical News, 22/29 Aug 2005, 83 (2160), 27 & Het Financieele Dagblad, 17 Aug 2005 (Website: http://www.fd.nl/) (in Dutch)

Press release from: Clean Diesel Technologies Inc, 300, Atlantic Street, Suite 702, Stamford, CT 06901, USA. Tel: +1 203 327 7050. Fax: +1 203 323 0461. E-mail: [email protected]. Website: http://www.cdti.com (2 Sep 2005)

Press release from: Large Scale Biology Corp, 3333 Vaca Valley Parkway, Suite 1000, Vacaville, CA 95688, USA. Tel: +1 707 446 5501. Fax: +1 707 446 3917. Website: http://www.lsbc.com (17 Aug 2005)

Clean Diesel Technologies reports 2Q 2005 results

WR Grace 2Q 2005: Davison Chemicals

BioCatalytics opens European office BioCatalytics Inc has expanded its business activities into Europe with the opening of an office in Graz, Austria. BioCatalytics provides enzymes for a wide range of chemical processes. It specializes in catalysts for chiral synthesis of pharmaceuticals. PharmaChem, Jun 2005, 4 (6), 65

Catalytica 2Q 2005: Consolidated statements of operations – 1H 2005 For its 1H 2005 (ends 30 Jun 2005), Catalytica Energy Systems Inc has reported turnover of $2.06 M ($2.08 M for its 1H 2004), R&D expenditure of $3.52 M ($3.88 M), an operating loss of $7.27 M (operating loss of $7.36 M), a net loss of $7.02 M (a net loss of $7.24 M), and a loss per share of $0.39 (loss per share of $0.41). There is analysis/discussion of the business and of the results. Catalytica 2Q Financial Results, 10 Aug 2005, 4 (Catalytica Energy Systems Inc, 430 Ferguson Drive, Bldg 3, Mountain View, CA 94043, USA. Tel: +1 650 960 3000. Website: http://www.catalyticaenergy.com)

Biofuels beckon for Shell Shell Deutschland has bought a minority equity stake in Choren Industries, Germany. The acquisition should result in the construction of the world’s first commercial plant for converting biomass into high-quality synthetic biofuels. Choren has developed the Carbo-V process that converts a range of biomass feedstocks, including wood chips and straw, into a tar-free synthetic gas. This syngas can be converted into clean transport fuels using Fischer-

OCTOBER 2005

Clean Diesel Technologies Inc reported results for 2Q and 1H ended Jun 2005, and announced that it has been chosen for grants or awards in the states of Texas, New York, and Massachusetts. Net loss was $1.286 M on total revenues of $268,000 for 2Q 2005 (net loss of $885,000 on total revenues of $93,000 in 2Q 2004). For 1H 2005, net loss was $2.477 M on total revenue of $460,000 (net loss of $1.693 M on revenue of $287,000 in 1H 2004). R&D expenses were $88,000 for 2Q 2005 ($90,000 in 2Q 2004) and were $147,000 for 1H 2005 ($170,000 in 1H 2004). Clean Diesel Technologies has patented products that reduce emissions from combustion engines while simultaneously improving fuel economy and power. Products include Platinum Plus fuel-borne catalysts, the Platinum Plus Purifier System, and the Aris 2000 urea-injection systems for selective catalytic reduction of NOx. Clean Diesel Technologies 2Q and 1H 2005 results, 12 Aug 2005 (Clean Diesel Technologies Inc, 300, Atlantic Street, Suite 702, Stamford, CT 06901, USA. Tel: +1 203 327 7050. Fax: +1 203 323 0461. E-mail: [email protected]. Website: http://www.cdti.com)

Clean Diesel signs distribution agreement with Fleetguard Clean Diesel Technologies Inc (Clean Diesel) has signed a blending and distribution agreement with Fleetguard Inc, a business unit of Cummins Inc, for the sale of Platinum Plus Fuel-Borne Catalyst (FBC) in North America and international markets. Under the terms of the agreement, Fleetguard will purchase Platinum Plus FBC concentrate from Clean Diesel for blending into finished products for sale under the Fleet-tech

brand to distributors and end users in the on-highway, off-road, marine, and power generation sectors. Clean Diesel will continue to focus on product development, FBC-emissions verification with after-treatment devices, and global promotions.

For its 2Q 2005 (ends 30 Jun 2005), the Davison Chemicals division of WR Grace & Co has reported turnover of $358.9 M (+20.5% on its 2Q 2004) and operating income of $43.1 M (+14.9%). For its 1H 2005 this division has reported turnover of $693.6 M (+22% on its 1H 2004) and operating income of $80.8 M (+16.3%). There is analysis/discussion of the business and the results. Grace 2Q Report, 19 Jul 2005, 2 (WR Grace & Co, 7500 Grace Drive, Columbia, MD 21044, USA. Website: http://www.grace.com)

Degussa to market BASF catalyst Degussa subsidiary Goldschmidt Polyurethane Additives is to market and provide technical services for BASF’s triethylenediamine (TEDA) catalyst. TEDA is used to produce PU foams and is sold by BASF under the Tegoamin brand name. BASF completed a TEDA production plant at Antwerp in Apr 2005, and it also makes TEDA at Geismar, LA, and Ludwigshafen. Degussa says it is the market leader in additives for PU foam. Chemical Week, 3 Aug 2005, 167 (25) (Website: http://www.chemweek.com) & Chemische Rundschau, 23 Aug 2005, 58 (8), 10 (in German) & Chemical and Engineering News, 8 Aug 2005, 83 (32), 18-19 (Website: http://www.cen-online.org) & Chimie Pharma Hebdo, 29 Aug 2005, (308), 14 (in French)

Dyadic reports 2Q 2005 financial results Dyadic International Inc (Dyadic) announced financial results for its 2Q and 1H ended Jun 2005. The 2Q 2005 revenue from higher-margin industrial enzyme industries, such as pulp and paper and animal feed, increased by 46% over net sales in 2Q 2004 and represented 29% of net sales, as

3