authorized the company to look at strategic alternatives, including a possible sale. There have already been inquiries from interested third parties. BASF will in the meantime seek two seats on the board at Engelhard to push its bid. BASF's offer of $37/share represents a 23% premium on Engelhard's
✦ LIBER ✦
Renegy Holdings announces sale of SCR-Tech
- Book ID
- 104387314
- Publisher
- Elsevier Science
- Year
- 2008
- Weight
- 53 KB
- Volume
- 2008
- Category
- Article
- ISSN
- 1351-4180
No coin nor oath required. For personal study only.
✦ Synopsis
ethanol production. Poet is going against the current trend by building 4-5 plants per year even though ethanol prices are low. Novozymes is investing heavily in developing bioethanol as an alternative to petrol but the company's continued growth in Denmark requires positive developments, especially amongst American customers. Poet currently produces 6.8 bn gallon/y bioethanol but aims to be turning out 36 bn gallon/y alternative fuels by 2002.
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