NEW YORK, November 10, 2016 /PRNewswire/ --
Renewable energy is on the rise. Innovation, falling costs and
major operation expansion in emerging economies are all factors
that are expected to contribute for major growth. According to a
research conducted by the International Energy Agency, the share of
renewable energy in global power generation rising to over 26% by
2020, from 22% in 2013. This means that by 2020 the amount of
global electricity generation coming from renewable energy will be
higher than today's combined electricity demand of China, India
and Brazil. Vega Biofuels Inc.
(OTC: VGPR), Plug Power Inc. (NASDAQ: PLUG), Gevo, Inc. (NASDAQ:
GEVO), Amyris Inc. (NASDAQ: AMRS), TOTAL SA (NYSE: TOT)
Renewable energy is a diverse industry and includes companies
that focus on, biofuels, solar energy, wind power, wave power,
hydropower and more. Biofuels by themselves are a significant
portion of the market. According to IEA Bioenergy, global biofuels
output reached 120 billion liters in 2013, which is a 3.5% of world
transport fuel demand. The EU introduced mandate targets biofuels
to be 10% of global renewable energy in 2020.
Vega Biofuels Inc. (OTC: VGPR) was formed to pursue the
production and sale of biofuel products throughout the world. The
Company markets two products, including a renewable energy product
called Bio-coal and a soil enhancement called Biochar. With
the growing need for clean energy, and the uncertain costs
of fossil fuels, power generating plants around the world are
looking at more useful and economical methods to run their
power systems.
Just yesterday, Vega Biofuels Inc. announced that construction
of the Company's fourth generation torrefaction machine has been
completed and includes a pre-dryer to speed production time.
Torrefaction is a special process technology that converts timber
into a renewable energy alternative to traditional coal for utility
owned pulverized coal-fired power plants around the world. The
company currently markets a green-energy product called Bio-Coal, a
high energy density of up to 13,000 BTUs/Lb and is considered a
renewable energy fuel that meets the Renewable Portfolio Standards
and Renewable Energy Credits (RECs) in the United States.
"Adding the pre-dryer not only increases our production
capacity, it and allows us to produce a much more consistent
product for our clients. We feel like this machine is the most
robust and durable machine to date. Our plan is to have two
additional machines completed in the next few months using this
same design," stated Michael K.
Molen, Chairman/CEO of Vega Biofuels
Plug Power Inc. (NASDAQ: PLUG) is a provider of
alternative energy technology focused on the design, development,
commercialization and manufacture of hydrogen fuel cell systems
used for the industrial off-road market and the stationary power
market. The company's flagship solution, the GenDrive, is a fuel
cell power unit which increases productivity 5% to 6%. Plug Power
products have seen real-time operating conditions for more than
107M hours, and the company claims that one single unit can operate
as many hours in a year as a car will in its lifetime.
Gevo, Inc. (NASDAQ: GEVO) renewable technology, chemical
products, and next generation biofuels company. On October 11th the company announced
that it has completed production of the world's first cellulosic
renewable jet fuel that is specified for commercial
flights. Gevo successfully adapted its patented
technologies to convert cellulosic sugars derived from wood waste
into renewable isobutanol, which was then further converted into
Gevo's Alcohol-to-Jet fuel (ATJ) fuel.
Amyris Inc. (NASDAQ: AMRS) is an integrated
industrial biotechnology company. The Company is engaged in
research and development and sales of fuels and farnesene-derived
products. The company has partnered with TOTAL SA
(NYSE: TOT) to develop renewable diesel and jet fuels designed to
be optimal for transportation and better for the environment. The
company's renewable diesel has been used commercially in the
metropolitan bus system in Brazil
and the renewable jet fuel has been used in numerous commercial
flights with major airlines.
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