Business Briefs

People, Products & Partnerships
By Erin Voegele | February 24, 2017

1. Yargus sells manufacturing operation to AGI
Yargus Manufacturing Inc., a manufacturer of Layco brand fertilizer and industrial material handling equipment located in Marshall, Illinois, has entered into an agreement to sell its manufacturing operation to Ag Growth International Inc., a publicly traded company located in Winnipeg, Manitoba.

2. AEBIOM elects president, board
European Biomass Association (AEBIOM) has elected Didzis Palejs as its new president, succeeding Gustav Melin, who led the organization for the past six years. Palejs has worked in the energy and wood industry for nearly 20 years at local and international levels in both sales and logistics. He has served as the chairman of the Latvian Biomass Association and as the vice president of the European Pellet Council. In addition, AEBIOM elected Thomas Siegmund as vice president and renewed part of its board by appointing Michael Doran, Christoph Pfemeter, Marijan Kavran, Vilma Gaubyte Eric Vial, and Gustav Melin.

3. BTEC elects board member
Dane Floyd, president and CEO of Biomass Engineering and Equipment, has been elected to serve on the Biomass Thermal Energy Council board of directors. BTEC advances the sustainable use of wood and agricultural biomass for clean, efficient heat and combined heat and power to meet U.S. energy needs and strengthen local economies. Biomass Engineering and Equipment designs and manufactures machinery for the biomass and wood processing industries.

4. Ocean Park advises on Abengoa Hugoton plant sale
Abengoa Bioenergy Biomass of Kansas recently closed the $48.5 million sale of its cellulosic ethanol plant located in Hugoton, Kansas, to Synata Bio in an auction conducted under the U.S. Bankruptcy Code. Ocean Park acted as exclusive sell-side advisor to Abengoa. Ocean Park was involved in all facets of this transaction, including securing the debtor-in-possession financing, developing the marketing strategy, contacting over 200 parties in the sales process, and generating interest from multiple bidders in the auction.

5. Reverdia adds team member
Alexander Krapivin has joined Reverdia as business development manager. He will work with the company’s commercial team to maximize opportunities in the global market for bio-succinic acid. Krapivin previously worked at GFBiochemicals, developing the market for biobased platform chemicals in applications such as resins and coatings, bioplastics and downstream markets. Prior to GFBiochemicals, Krapivin was employed by Dow Corning, Dow Chemical and Shell Chemicals in international sales, business development and marketing.

6. MHG launches new corporate identity
Meredian Holdings Group Inc., a biopolymer manufacturer, recently announced it will do business as Danimer Scientific, effective immediately. MHG’s updated corporate identity is a visual salute to its solid, steadfast origins as a biotechnology company committed to sustainability and the development of innovative bioplastic products that do not contribute to global pollution. Danimer Scientific was originally formed in 2004 and provided sustainable polymer solutions by developing compostable and biodegradable plastic alternatives.

7. Enerkem appoints CFO
Enerkem Inc. has appointed Dominique Boies as executive vice president and chief financial officer (CFO). Boies has more than 20 years of experience in corporate and finance strategy, investment banking and operations. Prior to joining Enerkem, he was executive vice president and CFO at RONA, where he was responsible for the financial and corporate strategy, investor relations, accounting, financing, treasury and legal affairs. At RONA, he led the company’s turnaround, as well as the transaction that resulted in the acquisition of RONA by Lowe’s, valued at CA$3.2 billion ($2.45 billion). Prior to this, Boies held various senior executive positions at RBC Royal Bank and the Caisse de dépôt et placement du Québec (CDPQ), one of the largest institutional fund managers in North America.

8. Amyris appoints CFO
Amyris Inc. has appointed Kathleen Valiasek as chief financial officer. She is a senior finance and business executive with more than 20 years of experience serving start-up, venture-backed and Fortune 500 companies. She replaces Raffi Asadorian, who has resigned to pursue a new opportunity, but will continue to support specific projects, as well as serve in an ad hoc consulting capacity to ensure a smooth transition. Prior to joining Amyris, Valiasek was founder and CEO of Lenox Group Inc., a finance and strategic consulting firm. There, she worked closely with the senior management teams of private and public  companies, including Kaiser Permanente Inc., Albertsons Inc. and Cytokinetics Inc. Prior to that, she served in key venture capital, real estate development and accounting roles. Her background includes finance, SEC reporting, strategic planning, debt and equity financing, business development, and mergers and acquisitions.

9. QED offers landfill gas monitoring system
QED Environmental Systems has announced it is offering the Landtec GEM5000 series as part of the QED line of environmental products. The GEM5000 is designed specifically for monitoring landfill gas collection and control systems and has the ability to sample and analyze the methane, carbon dioxide, and oxygen content of landfill gas.

10. Xergi announces plant order, patent
Xergi has announced an order for its 10th biogas plant in the U.K. Bonby, North Lincolnshire-based Brigg Lane Biogas Ltd. has hired Xergi to build a new biogas plant that will convert up to 75,000 metric tons of food waste annually into green gas, which will then be distributed via the local gas grid. Brigg Lane Biogas will be located on the same site as Bio Waste Solutions, a company that pretreats food waste for biogas plants in other parts of the U.K. Soon, that food waste will be taken by the new biogas plant instead, minimizing transport. The biogas plant will be able to take additional waste from other suppliers. Xergi also recently announced it has developed X-chopper as a solution for the pretreatment of deep litter and other challenging biomasses for biogas plants. Recently, the technology was granted a European patent. The patent secures Xergi the rights to the solution that enables X-chopper to continuously pretreat deep litter and other biomasses without having to make frequent stops to empty and clean the pretreatment unit. When deep litter is added to an X-chopper, the biomass is macerated by rotating chains inside the X-chopper. The design of the individual link in the chain impacts how the biomass is macerated, and how long the links can last.

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