Clean Diesel Technologies reports 3Q 2004 results

Clean Diesel Technologies reports 3Q 2004 results

FOCUS produce other products. Workers at Warrington will be redeployed on the expansion of Ineos’ microspheroidal silica products. European Chemical N...

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FOCUS produce other products. Workers at Warrington will be redeployed on the expansion of Ineos’ microspheroidal silica products. European Chemical News, 15 Nov 2004, 81 (2124), 28 & Chemical Week, 17 Nov 2004, 166 (38)

BASF to present extensive range of chemicals at the CPhI, Dec 2004 BASF will present a variety of solutions from a single source at the Convention on Pharmaceutical Ingredients (CPhI), 7-9 Dec 2004. The Intermediates division supplies a wide range of top quality elements, reagents, solvents, and protecting groups for chemical synthesis. The range includes an extensive portfolio of chiral amines, alcohols, epoxides, and acids (ChiPros). BASF recently stepped up its asymmetric hydrogenation activities by signing a deal with its new partner, Solvias AG, Basel. BASF also has one of the most extensive technology platforms for manufacturing achiral specialities for the chemical and life science industries. The company will also be presenting its range of ionic liquids, marketed under the brand name Basionics. BasilTM, the first industrialscale ionic liquid technology, won this year’s BASF Innovation Award and the Innovation for Growth Award sponsored by European Chemical News. The Inorganics operating division is the world’s top supplier of a broad portfolio of chemicals for use in numerous applications such as building blocks of synthesis, process chemicals and catalysts, with a strong focus on boron specialities for selective reductions, hydroboration and Suzuki coupling, hydroxylamine and its derivatives, alcoholates, other strong bases, and alkali metals. Press release from: BASF AG, Germany, Website: http://www.media.basf.com (22 Oct 2004)

Catalytica 3Q 2004: Consolidated statements of operations For its 3Q 2004 (ends 30 Sep 2004), Catalytica Energy Systems Inc has reported total revenues of $1.94 M ($1.11 M for its 3Q 2003), R&D costs of $1.79 M ($1.45 M), an operating loss of $2.72 M (operating loss of $3.24 M), a net loss of $2.69 M (net loss of $3.11 M), and a loss per share of $0.15 (loss per share of $0.18). For

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the first nine months of its fiscal 2004 (ends 30 Sep 2004), Catalytica Energy Systems Inc has reported total revenues of $4.02 M ($2.59 M for the first nine months of its fiscal 2003), R&D costs of $5.67 M ($5.27 M), an operating loss of $10.08 M (operating loss of $11.58 M), a net loss of $9.94 M (net loss of $11.15 M), and a loss per share of $0.56 (loss per share of $0.63). There is analysis/discussion of the business and the results. Catalytica 3Q Financial Results 2004, 4 Nov 2004, 1-5 (Catalytica Energy Systems Inc, 430 Ferguson Drive, Bldg 3, Mountain View, CA 94043, USA. Tel: +1 650 960 3000. Website: http://www.catalyticaenergy.com)

Catalytic Solutions Inc closes $10 M financing Catalytic Solutions Inc has closed on a $10 M mezzanine financing round. The company attracted two new investors with this financing: the SAM Group, based in Zurich, and Presidio Venture Partners, a subsidiary of Sumitomo Corp. It is expected that this will be the last round of private financing Catalytic Solutions will require. Catalytic Solutions will use these funds to support the company’s product development and manufacturing growth. Catalytic Solutions Inc is a global developer and manufacturer of advanced catalytic coating solutions. Press release from: Catalytic Solutions Inc, 1640, Fiske Place, Oxnard, CA 93033, USA. Tel: +1 805 486 4649. Fax: +1 805 486 0511. E-mail: [email protected]. Website: http://www.catalyticsolutions.com (2 Nov 2004)

Clean Diesel Technologies reports 3Q 2004 results Clean Diesel Technologies Inc reported an increase in product revenues for 3Q and nine months ended Sep 2004. Total revenue for 3Q 2004 was $241,000 with a net loss of $1.243 M (total revenues of $99,000 and a net loss of $664,000 in 3Q 2003). For nine months of 2004, total revenue was $528,000 with a net loss of $2.936 M (revenues were $478,000 with a net loss of $2.156 M in nine months of 2004). The rise in revenue was generated from both increased sales of the Platinum Plus fuel-borne catalyst (FBC) and the Environmental Protection Agency (EPA)-verified Platinum Plus Purifier System. R&D expenses were $174,000 for 3Q 2004

($171,000 in 3Q 2003), and $344,000 for nine months of 2004 ($590,000 in nine months of 2003). Clean Diesel Technologies Inc is a speciality chemical company with patented products that reduce emissions from diesel engines while simultaneously improving fuel economy. The statements of operations of Clean Diesel Technologies Inc for three and nine months ended Sep 2003 and 2004, and balance sheets data as of 31 Dec 2003 and 30 Sep 2004 are presented in two tables. Clean Diesel Technologies 3Q and nine months of 2004 financial results, 11 Nov 2004. (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)

Degussa bundles research €9.5 M has been invested by Degussa in a catalysis competence centre at Hanau-Wolfgang, Germany, and this will be the centre of all its catalysis operations. There are 12 laboratories employing 85 staff together with a pilot plant for new catalyst development. The centre will work on homogeneous and heterogeneous catalysts and biocatalysts where Degussa has equal expertise in each sector. Since 2001, total investment has been €54.5 M with €45 M being spent on biotechnology and catalysis project houses. Marketing of the materials will be handled by the company’s Biocatalysis Service Center, Degussa Homogeneous Catalysts, and its Exclusive Synthesis and Catalysts business unit. European Chemical News, 8 Nov 2004, 81 (2123), 7 & Chemical and Engineering News, 8 Nov 2004, 82 (45), 19-20 & Chimie Pharma Hebdo, 8 Nov 2004, (275), 8 (in French) & Process Engineering, Nov 2004, 85 (11), 9

Degussa launches new family of ligands Degussa is selling a new family of ligands, catASium T, for homogeneous catalysis. They are based on terpenes such as camphor, and are especially useful for the enantioselective hydrogenation of weakly substituted enamides and beta aminoacid precursors. The new products were developed jointly by Degussa’s internal startup company Degussa Homogeneous Catalysts

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