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___________________________________________________________________ Eco Investor Update A Weekly News Update for Environmental Investors 27
September 2010 - No 2
AGL Energy The 140 MW Bogong Power Development can abatement almost 88,000 tonnes of greenhouse gas emissions each year. Completed in April, it used innovative methodologies such as locating the power station and the 7.5 kilometres of watercourses underground, avoiding the construction of a new dam, eliminating visual and noise pollution, and proactively working with local communities. The nomination also says the development redressed significant environmental degradation and returned the flow of the Pretty Valley branch of the East Kiewa River to its natural state, restoring aquatic and terrestrial habitats in the process. John Brumby, Premier of Victoria, said the Bogong Power Development was "unique" because it is "great for the economy and great for the environment". With its shares hitting $16, AGL is now trading at a three year high. During this time it hit a low of $10.20 in March 2008. (ASX: AGK) APA Group DUET $150 million is at a fixed rate and $400 million is floating. The pricing is 3 per cent above its benchmark. The notes mature in September 2015. DBP said the strength of demand for the notes demonstrates confidence in the pipeline's prospects. (ASX: DUE) ASX 300 Ceramic Fuel Cells The rights issue to mostly Australian and New Zealand shareholders was 44 per cent subscribed, while the overseas offer was 98 per cent subscribed by shareholders. The company will now have 1,195,447,832 ordinary shares on issue. (ASX: CFU)
Aeris Environmental On 13 September Link Superannuation Fund said it has increased its substantial holding from 7.4 to 9 per cent. The company is changing its business model from a service provider to a developer and licensor of technologies. (ASX: AEI) BioProspect The new supplier is also able to provide other products previously supplied by Solagran. BioProspect's managing director, Charles Pellegrino, said the new agreement offers certainty of supply and the superior pricing bodes well for the launch of GI-Guard Oral Paste, and will ensure competitive pricing against the synthetic products used to treat Equine Gastric Ulcer Syndrome (EGUS). EGUS causes poor performance, particularly in horses used in competitive activities like dressage, racing and show jumping. EGUS is one of the horse industry's most common complaints, and studies have shown it can be present in 25 to 50 per cent of foals and 60 to 90 per cent of adult horses, depending on age, performance, and populations. BioProspect said it will undertake an efficacy study on GI-Guard Oral Paste with horses, so it can register the product with the Australian Pesticides & Veterinary Medicines Authority (APVMA). The efficacy study will be done by SCEC Pty Ltd, a specialist contract research organisation. SCEC conducted a recent successful horse safety study with GI-Guard - Oral Paste. The new study will target EGUS and will involve gastroscopic examinations to assess the product's effectiveness. "BioProspect is determined to push ahead with its new animal health products, targeting the global $15 billion market with an initial focus on the horse industry," said Mr Pellegrino. "The company continues to commercialize its attractive range of natural products, also including the REGEN range of natural therapeutic and skin care products and the natural termite solution TERMILONE. "We are determined to
deliver shareholder value from this expanding, environmentally friendly
product range," he said. BluGlass SPTS is owned by multinational Sumitomo. The update says technology risk is reduced through the commissioning of the latest tool and access to SPTS' development expertise. Distribution risk is significantly reduced through the SPTS joint venture, which provides access to global distribution chains. Capability risk is significantly reduced through SPTS' resources, and key person risk is reduced through access to additional skilled personnel at SPTS. However BluGlass still has many milestones to meet to commercialize its technology. (ASX: BLG) Carnegie Wave Energy He also has experience in Asia,
Africa, Middle East, Eastern Europe, North and South America and with
the World Energy Council as a former acting secretary general. Dyesol Dyesol said the paint is significantly different to Dyesol‘s Dye Solar Cell (DSC) technology, with "the key difference being Dyesol's demonstrated stability which is absolutely essential for the successful commercialisation of solar products". Executive chairman, Richard Caldwell, said "Dyesol is very familiar with professor Dastoors's research and congratulates him on this announcement. Like all science, this development is the result of many years of effort and commitment. "We are being asked what is the main difference between professor Dastoors' polymer cells and Dyesol's DSC? It is the polymer cells' lack of proven stability up to now. In fact, several of our global collaboration partners did consider polymers but choose DSC because of its 20 year track record in stability based on accelerated laboratory tests. "Dyesol is the world leader in the development of DSC materials and technologies so taking this ground breaking technology out of the laboratory and taking it into the community remains our priority," said Mr Caldwell. Compared to conventional silicon based photovoltaic technology, Dyesol says its technology has lower cost and embodied energy in manufacture, produces electricity more efficiently even in low light conditions and can replace conventional glass panels or metal sheets rather than taking up roof or extra land area in buildings. (ASX: DYE) EcoQuest The move is in addition to the first 109 retail outlets announced in recent weeks. (ASX: ECQ) Electrometals Technologies European Gas European Gas managing director, Peter Cockcroft, said it was a sign of confidence in the companies assets. (ASX: EPG) Green Rock Energy Under the Funding Agreement, Green Rock needs to find further funding, which it expects by November this year. Further funding would allow the first well to be drilled in the first half of 2011. Managing director Richard Beresford said "This is a significant step towards funding our proposed project at The University of Western Australia's Crawley Campus where we plan to drill two wells and test the system water flow to prove that commercial quantities of geothermal energy can be delivered from depths of about 3,000 metres." (ASX: GRK) Liquefied Natural Gas LNG said that based on recent developments in the Qld coal seam gas sector and its work on gas supply and strategic partner options, the nature of the potential transactions with Bow Energy would not have recognise the full value of the Gladstone LNG Project site or the advanced nature of the project. The company said it is in discussions with several parties on gas supply and strategic investments opportunities. (ASX: LNG) Nanosonics Nanosonics is awaiting FDA approval so it can commence US sales of its ultrasound probe disinfection device, the Trophon EPR, which could commence in early 2011, said the company. GE Healthcare is a division of The General Electric Company and is a leading supplier of ultrasound equipment in the US and Canada. Nanosonics believes the alliance could lead to further product development opportunities. Nanosonics has already received regulatory approval in Canada, Europe, Australia and New Zealand, and sales have commenced in Australia and France. The Trophon EPR has been adopted by Queensland public hospitals as best practice for high level disinfection of ultrasound probes, making it a mandatory new equipment purchase and the only device in this category. (ASX: NAN) Pacific Energy The Cosmos nickel mine is 400 kilometres north of Kalgoorlie and has a remaining mine life of five years. "This 3 MW expansion of the KPS power station at the Cosmos nickel mine increases the installed capacity at Cosmos to 12 MW, and the total contracted capacity of the KPS business at in excess of 130 MW," said Pacific Energy's managing director, Adam Boyd. Pacific Energy is advancing a number of new contract negotiations for the supply of electricity to various mining and resource projects and these are expected to be signed in the coming months. Demand for the KPS build, own and maintain off-grid power station solution is increasing, said Mr Boyd. (ASX: PEA) Papyrus Australia Papyrus Australia is the developer of a world-first clean technology that converts the waste trunk of the banana palm into alternatives to forest wood products for paper, packaging, furniture, building, construction and other industries. The Papyrus process does not contribute to the destruction of natural forests and does not consume any chemicals or water during manufacture. It is much more environmentally-friendly and has significantly lower production costs compared to traditional tree pulping technologies, says the nomination. The end products are water-repellent, fire-retardant, stronger and lighter than most conventional fibre materials, and have a distinctive look and feel.
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