Member Info for akramms

http://www.*****************/chairman-john-byrne-said-3-of-wasabis-plants-can-be-operational-by-the-end-of-the-year/

FLSmidth uses Wasabi's Kalina Cycle technology when constucting cement plants. Cement plants can generate 20-40% more by reusing waste heat: http://www.flsmidth.com/en-US/Services+and+Capabilities/Waste+Heat+Recovery Current Kalina Cycle® cement customers are DGKhan Cement Company, Khaipur Plant, Pakistan Star Cement, Ras al-Khaimah, United Arab Emirates

Company Announcement to the Danish Financial Supervisory Authority No. 34-2013, 29 November 2013 It has been reported in the Qatari media that FLSmidth has signed a Letter of Intent with Qatar National Cement Company (QNCC) for supply of a cement plant in Qatar. FLSmidth confirms that this information is correct. If and when the contract is finalised and becomes binding, we shall immediately inform the market. FLSmidth is continuously negotiating many potential contracts on the global market. To be considered binding, such contracts require not only signing but also exchange of down payment and guarantees, etc. ----------------------------------------- Yours faithfully Pernille Friis Andersen Corporate Communications & Investor Relations http://uk.advfn.com/news/ONE/2013/article/60208871

International Ferro-Metals Cogeneration Facility Under a JV with local developer AAP Carbon, International Ferro Metals (IFM) Ltd., a major miner of Ferro Chrome, recently upgraded their RSA facility with a cutting-edge climate friendly technology. The world class cogeneration plant collects and filters waste off-gases that would normally be vented to the atmosphere, resulting in a dramatic reduction of local air pollutants, safer working conditions, and 200,000 tons of CO2 emission reductions per year compared to the previous activity. The make-over also makes sound business sense as IFM is now more energy self-sufficient and the carbon footprint of its product has been lowered, two key drivers for continued success in a highly competitive global industry. Already operational, the Buffelsfontein plant has already stimulated replication in the region by other mining and metals firms in one of Africa’s leading investment sectors. ACAD funding supported the project’s CDM documentation and validation when its eligibility was still uncertain, as well as systems to support emission monitoring. ACAD also helped the project – one of the first of its kind – to register under the Gold Standard certification scheme. http://acadfacility.org/downloads/ACAD_at_a_glance.pdf Related links http://www.ifml.com/~/media/Files/I/Ifml-V2/media_centre/press_releases/2013pr/IFM-Production-Report-20130723.pdf

http://www.theaustralian.com.au/business/companies/biodiesel-believers-patience-may-pay-off/story-fn91v9q3-1226682799943 BY:DAMON KITNEY From: The Australian July 22, 2013 12:00AM Biodiesel believers' patience may pay off FEW chief executives of a so-called penny dreadful could say they are backed by a billionaire, a trucking magnate and a former football champion who is also one of the country's most astute businessmen. But Andrew White has it all. Thorney Investments chief Alex Waislitz, Finemore Transport founder Ron Finemore and Australian Football League chairman Mike Fitzpatrick through his investment management business Infrastructure Capital Group are all either shareholders or lenders to White's fledgling biodiesel producer, Australian Renewable Fuels. Former high-flying diplomat and former deputy managing director of the Australian Securities Exchange Michael Costello is also a director. They have all shared one simple trait during the firm's troubled seven-year history: patience. "There has never been a time when I didn't think the company would make it," White says. "That's not to say there haven't been times when I questioned what the hell we were doing." White has only been with ARF for two years. Before that he was was chief operating officer of ICG, which is owned by a consortium of Infrastructure Australia director John Clarke and interests associated with Fitzpatrick. The latter is chairman. ICG, a key lender to ARF, put him into the chief's role at the biofuels producer when White's private Biodiesel Producers back-door listed through ARF in November 2011. The transaction delivered BPL's Barnawartha plant near Albury to ARF and, critically, a supply contract with Shell for 40 million to 50 million litres a year. The company had listed strongly at $1 a share in May 2005 but without distribution support from the oil giants, its plants at Largs Bay near Adelaide and Picton near Bunbury in WA never reached their potential. It was also crippled by the federal government's decision to scrap an excise concession for biodiesel in 2007. So was the share price. It went on a steady decline and since 2009 it hasn't traded above 3c. The price is now just above 1c and there are a stunning 4.5 billion shares on issue. But now White believes the patience of the board, lenders and investors is about to be rewarded. .....

15 July 2013 Adelaide chartered accountancy firm Charterhill in backdoor listing deal with Natural Fuel Australia ADELAIDE chartered accountancy firm Charterhill Group expects to start trading as a public entity at the end of September as a result of a backdoor listing deal. The Australian Securities Exchange-listed WA company Natural Fuel Limited will acquire Charterhill in a share deal valued at up to $22 million. Charterhill Group are specialists in real estate procurement and property portfolio building solutions for retirement planning and Self Managed Super Fund property structuring. Trading in Natural Fuel shares was suspended in 2009 - three years after listing - when it entered into voluntary administration. This followed the collapse of its 50/50 Australian joint venture Natural Fuels Australia, resulting in the closure of its biodiesel plant in Darwin. The deal will give Charterhill 80 per cent control over the listed entity, which will recommence trading in September under a new name, Charterhill Group chief executive George Nowak said. The parties have been conducting due diligence since May, expected to be completed at the end of this month, and Natural Fuel shareholders need to approve the deal," Mr Nowak said. "The listing gives us the ability to grow our business and access to resources to offer complete, wholistic service capabilities. "For some investors, it provides a sense of security about the long-term future of the business." Mr Novak also will be chairman of the board of the new entity. "The relisting of Natural Fuels and subsequent capital raising will enable us to expand and grow our businesses, which will be significant for future investors," he said. Both parties have agreed to a number of conditions to meet the relisting rules of the ASX. Related links April 22nd 2009 Northern Territory biodiesel plant rescue falls apart http://www.ntnews.com.au/article/2009/04/22/46691_nt-business.html

Wealthy private investors to target stagnant companies BILLIONAIRE Melbourne investor Alex Waislitz is finalising plans to launch an activist investment fund to target underperforming companies that will be bankrolled by up to $30 million of fresh funds from a group of wealthy private investors. The board of the listed investment company Wentworth Holdings is scheduled to meet tomorrow, when it is expected to sign off on a recapitalisation proposal from Mr Waislitz's Thorney Investments Group that would result in Thorney emerging with 30 per cent of Wentworth's shares. The plan will include a capital raising of between $30m and $50m featuring an issue to existing Wentworth shareholders through either a share purchase plan, an entitlement issue or an issue of new shares with a prospectus. Thorney and Wentworth have been in dialogue with the Australian Securities Exchange over the precise final structure. It will also involve a placement of $20m-$30m to a group of wealthy private investors that have long had an association with Mr Waislitz and Thorney. Hugh Robertson from Wilson HTM is handling the issue. Digital Pass $1 for first 28 Days These investors are likely to include the likes of Geoff Wilson, chairman of Wilson Asset Management, and David Paradice, proprietor of Paradice Asset Management. Both have been long-time supporters. In February, Mr Wilson was instrumental in ensuring the Thorney-backed national biodiesel producer Australian Renewable Fuels abandoned a plan to merge with Wentworth after it joined with Thorney in opposing the deal. The deal would have seen ARF receive a cash injection of about $14m from Wentworth to fund working capital, future growth and substantially strengthen its balance sheet. Instead, ARF announced a $12.3m capital raising backed by Thorney and negotiations began for Wentworth to be rebranded as an activist shareholder in small and mid-cap ASX-listed companies, starting with the $14m in cash. Thorney is proposing that the rebranded Wentworth have a clear focus on returns and be an active manager of investments. It will undergo a name change as part of its transformation. The new Wentworth will have access to Thorney's deal pipeline, financial markets network and investment opportunities not generally available to most investors, and will be given the opportunity to co-invest alongside Thorney in deals. It is said to have more than 20 prospective targets on its radar. http://www.theaustralian.com.au/business/companies/wealthy-private-investors-to-target-stagnant-companies/story-fn91v9q3-1226680985071

15 July 2013 Wasabi Energy Limited ("Wasabi," "the Group" or "the Company") Placement of Shortfall Wasabi Energy Limited (ASX: WAS, AIM: WAS, OTCQX: WSBLY), advises that it has placed the shortfall of 254,594,679 ordinary shares at 0.8c per share and 254,594,679 options with an institutional investor. Total consideration is A$2,036,757.43. Application has been made for the 254,594,679 Ordinary Shares issued to be admitted to trading on the AIM market and admission is expected to take place on 19 July 2013. Following the Placement of the shortfall the Company will have 3,430,171,866 Ordinary Shares in issue.

12/07/2013 Wasabi: Notice of General Meeting / Proxy Form http://www.asx.com.au/asxpdf/20130712/pdf/42h0rvvyf22m1q.pdf

Largs Bay Plant - Insurance Settlement http://www.asx.com.au/asxpdf/20130701/pdf/42gsbsj2tymh3h.pdf

Large Bay Plant - Insurance Settlement http://www.asx.com.au/asxpdf/20130701/pdf/42gsbsj2tymh3h.pdf

With big oil players aboard, market finally takes a shine to biodiesel http://www.arfuels.com.au/news24-06-2013.asp http://www.arfuels.com.au/files/the_australian.pdf

Monday, June 24, 2013 Wasabi Shores up Capital for African Ventures Wasabi Energy Ltd. will offer shares in a newly created African unit to expand its footprint on the continent. The waste-to-energy company will establish the new company after it secures African projects, and then Wasabi Energy will plan an initial public offering. CEO John Byrne said in the chairman’s letter that the company would look to expand its three core businesses: renewable power generation, sustainable and secure water supply, and biodiesel from renewable energy sources. The company’s portfolio consists of Global Geothermal Ltd. (GGL), which it holds a 100% stake, and Aqua Guardian Group Ltd. with Wasabi Energy holding a 79% interest. GGL generates power from waste heat and geothermal sources without fuel using the Kalina Cycle® energy conversion technology, particularly appealing for the geothermal-rich areas of the African Rift Valley. The Aqua Guardian invests in businesses, technologies, and solutions for the “preservation and enhancement of water resources in Australia and internationally.” Aqua Guardian’s first product was designed to minimize water evaporation on large water storage projects. http://www.ae-africa.com/read_article.php?NID=4907

Wasabi Plans Africa Expansion on Growing Demand for Clean Energy Wasabi Energy Ltd., a developer of clean-power technology, plans to sell shares in a new unit in Africa as rising demand across the continent lures finance from Asia. “There seems to be a lot of funding that is wanting to go towards Africa,” Diane Bettess, chief operating officer of the Melbourne-based company, said by telephone. “Chinese companies have built themselves up and got massive penetration in China and now they’re looking for growth so they’re looking outside.” Wasabi, whose technology captures waste heat to produce electricity, has already proposed to fund its Asian division in a similar way -- planning an initial public offering for the unit later this year. Now it’s turning to Africa as nations struggle to meet power demand amid burgeoning population growth. Wasabi expects to establish the new unit and start the fundraising once it has projects in Africa to serve as a “spring board,” Bettess said. The process will be under way within the next year, she said, without providing details of how much it intends to raise. The company is already present in Africa through its 62.5 percent holding in clean-energy developer AAP Carbon Holdings Ltd. Wasabi intends to license its technology to AAP, which plans power stations in Africa’s industrial and renewable-heat industry. The Australian company also has already worked with Chinese partners, agreeing in January to install equipment for a unit of China Petroleum & Chemical Corp. (386) in a $10 million deal. Geothermal Potential Wasabi’s Kalina Cycle technology generates electricity from low-heat sources and can be used in geothermal plants, metalworks and oil refineries. In Africa, Kenya already has a geothermal industry, while the South African market is “very strong,” Bettess said. South Africa is seeking to add 3,725 megawatts in renewable-energy capacity by the end of 2016 through a 100 billion-rand ($9.8 billion) program to help reduce its dependence on coal-fired power. Wasabi said in May that it planned to fund its Asian unit through an IPO toward year-end. The shares will probably be sold on the Singapore stock exchange, Bettess said this week. http://www.bloomberg.com/news/2013-06-21/wasabi-plans-africa-expansion-on-growing-demand-for-clean-energy.html

Original Post http://www.lignol.ca/news/News-2013/News_Release_2013_May_27.pdf Lignol consolidates majority shareholding of Territory Biofuels with plans to re-start the largest biodiesel refinery in Australia Vancouver, B.C. – Lignol Energy Corporation (TSXV: LEC) ("LEC" or "the Company"), a leading technology company in the advanced biofuels and renewable chemicals sectors, today announced that it has agreed to acquire an additional 2.67 million shares of Territory Biofuels Limited (“TBF”) for A$1 million under a TBF private placement offering transaction, which also provides for the further issuance of approximately 0.25 million shares of TBF to other shareholders of TBF. Upon completion, LEC will become the majority shareholder with approximately 56% of the issued shares of TBF and 60% on a fully diluted basis. “We are excited to be working with the TBF team and adding our support as the majority shareholder in planning the re-start of the Darwin refinery”, said Ross MacLachlan, CEO and Chairman of LEC. “Our goal is to have the refinery come back on line in Q4 2013, and incorporate upgrades to process lower cost feedstocks that will enhance profitability in 2014. This is an important milestone for our company and represents the potential for us to accelerate our transition to commercial operations with a majority equity stake in a world scale biofuels project.” At full capacity the Darwin refinery will be capable of producing up to 150 million litres of biodiesel per year. The facility also includes the only glycerine refinery in Australia. Crude glycerine is a bi-product waste stream of most biodiesel plants which can be upgraded to a refined form of glycerine with attractive margins and financial returns. As a result of LEC’s achievement in becoming the majority shareholder, Difference Capital Funding Inc. (“DCF”) has agreed to assist LEC in the funding this investment by increasing the existing line of credit established earlier this year by $1 million to $6 million under similar terms to the existing facility.

Wasabi Energy owns a 25% interest in Lignol Energy Corporation (TSXV: LEC) an advanced bio‐refinery group. Lignol is a major shareholder 40%+ of Territory Biofuels Limited (TBF). http://domesticfuel.com/2013/06/04/australian-co-inks-deal-will-re-open-biodiesel-plant/ Australia-based Lignol Energy Corporation announced it will re-open an approximately 35 million gallon a year biodiesel plant. The announcement comes as part of a deal that sees LEC agree to acquire an additional 2.67 million shares of Territory Biofuels Limited (“TBF”) for nearly $1 million (US) that makes LEC a majority shareholder in TBF “We are excited to be working with the TBF team and adding our support as the majority shareholder in planning the re-start of the Darwin refinery,” said Ross MacLachlan, CEO and Chairman of LEC. “Our goal is to have the refinery come back on line in Q4 2013, and incorporate upgrades to process lower cost feedstocks that will enhance profitability in 2014. This is an important milestone for our company and represents the potential for us to accelerate our transition to commercial operations with a majority equity stake in a world scale biofuels project.” Not only is the Darwin refinery able to crank out 35 million gallons a year of the green fuel, it is also the only glycerine refinery in Australia.

I understand where your coming from about dilution, lets fast forward. After the post offer: The number of Total issued Shares at conclusion of the offer on 6th June 2013 will be 3,580,168,779 The Market Capitalisation at conclusion of the offer on 6th June 2013 will be $28,641,350 (£18,041,053) £18,041,053 / 3,580,168,779 = £0.005039 or 0.5039p, this is already about what the current price is on now. There will not be a significant dilution as you can see. But now remember on the 6th June 2013, when funds have been transferred, they will have working capital to get by and to pay upcoming debts. http://www.wasabienergy.com/Downloads/News/MELBDOCS-1709562-Supplementary%20Prospectus%20Final%20release.pdf The news that was announced on the 31st may, is a significanty milestone, especially the purchase of the Licenses for the asian countries and the royalties they will get that are currently already in effect. : Wasabi accelerates Asian expansion and establishes JV to address Kalina Cycle® opportunities in the coal industry • Establishment of Wasabi New Energy Asia complete and first US$3.59m Pre‐IPO funds • Agreement to establish a JV Company with Augut Clean Energy for Kalina Cycle® applications in the coal industry • A$1.5m subscription by Augut Clean Energy in Wasabi Energy • Wasabi Energy proposed shareholder meeting and according to the chairman there is more Joint Ventures to follow in 2013: By Jamie Nimmo May 31 2013, 4:43pm Emerging power producer Wasabi Energy (LON:WAS, ASX:WAS) is eyeing more joint ventures (JV) elsewhere in its bid to fund its global growth prospects. ... http://www.proactiveinvestors.co.uk/companies/news/57541/wasabi-energy-chairman-more-joint-ventures-to-follow-57541.html

Wasabi Energy is expected to grow 10x the current market cap by 2015, if they can aim to have 25MW production a year from their own power plants. ... “Our aim is to have 25MW production a year from our own plants. If we are successful in doing that – and we are in a power price environment of 10 cents a kilowatt hour – then we’re going to be growing the business at close to US$200mln a year,” added Byrne, pointing out that this is about 10 times the current market valuation. ... http://www.proactiveinvestors.co.uk/companies/news/57541/wasabi-energy-chairman-more-joint-ventures-to-follow-57541.html And this is only a single phase to Wasabi Energy. Wasabi Energys core businesses are operated through three separate companies, Global Geothermal Limited (GGL), a subsidiary which owns the global patents and intellectual property for the Kalina Cycle® power generation technology, Aqua Guardian Group Ltd (AGG), a 47.5% Wasabi owned water technology company with a patented product for water conservation, and Australian Renewable Fuels Ltd (ARW), an Australian Stock Exchange listed company with 17.33% Wasabi ownership, and which has Australia's largest capacity for biodiesel production.

Wasabi Energy chairman: More joint ventures to follow By Jamie Nimmo May 31 2013, 4:43pm Emerging power producer Wasabi Energy (LON:WAS, ASX:WAS) is eyeing more joint ventures (JV) elsewhere in its bid to fund its global growth prospects. On Friday, the company unveiled an alliance with privately-owned Australian energy specialist Augut Clean Energy, which will accelerate its Asian expansion. It also gives Wasabi the opportunity to push forward in the coal sector, having previously focused on cement, steel and petrochemicals. In exchange for US$3.59mln, Augut will get its hands on convertible bonds that will automatically turn into Wasabi New Energy Asia (WNEA) shares when it becomes a separately listed company at a 20% discount to the IPO price. It hopes to float its Asian business by the end of 2013 on an Asian stock exchange – ideally, Singapore’s market. Wasabi, which now owns 67% of WNEA, is at the forefront of green energy though its major innovation, the super-efficient Kalina Cycle power technology. The group plans to create a portfolio of these units and has targeted owning an initial 25 megawatts by 2015, while growing by 25 megawatts a year thereafter. The Kalina Cycle technology will be launched across the global coal industry as part of the tie-up. The clean energy drive from China alone makes Asia a lucrative market for Wasabi to crack. The plan is to complete a number of these deals around the globe this year, including in Turkey, North America and Africa, to get projects up and running there. “We’re doing exactly the same with Turkey – and therein lies the answer to Wasabi’s funding going forward,” said executive chairman John Byrne. “I wouldn’t rule out the possibility of us having a number of these joint ventures over the next year. We’re certainly looking at sub-Saharan Africa, North America and a number of countries in Europe. “In each case, the joint venture revolves around projects, which will require funding, and our aim is to bring in partners that provide the funding for those build-outs without recourse to Wasabi shareholders.” He explains that the deal means Wasabi’s burn rate will drop, while the fundraising and options attached will be sufficient to take it through the next 12 months. “Our aim is to have 25MW production a year from our own plants. If we are successful in doing that – and we are in a power price environment of 10 cents a kilowatt hour – then we’re going to be growing the business at close to US$200mln a year,” added Byrne, pointing out that this is about 10 times the current market valuation. http://www.proactiveinvestors.co.uk/companies/news/57541/wasabi-energy-chairman-more-joint-ventures-to-follow-57541.html

Wasabi Energy Limited is listed on both the Australian Securities Exchange (ASX: WAS) and the AIM market in London (AIM: WAS) as well as American Depository Receipts trading on OTCQX Market (OTCQX: WSBLY). Wasabi Energy is an emerging power producer that also invests in sustainable technologies. Its power business is based on the proprietary Kalina Cycle® power generation technology which utilises low grade, waste heat from industrial facilities or geothermal sources to produce electricity. In a typical industrial application of the Kalina Cycle® technology can increase energy efficiency in an industrial plant by up to 20%. Through its strategic investments Wasabi Energy owns a 79.2% interest in Aqua Guardian Group, the developer of the AquaArmourTM a water management, conservation and algal control product. Wasabi Energy also owns a 25% interest in Lignol Energy Corporation (TSXV: LEC) an advanced bio‐refinery group who hold a 21% interest in Australian Renewable Fuels, a separately ASX listed company (ASX: ARW) which produces liquid biofuels from a variety of nonfood grade feedstocks. Lignol also own 40% of Territory Biofuels Limited (TBF). TBF owns a large scale biorefining facility located in Darwin, Northern Territory, Australia, which includes a Lurgi designed biodiesel plant and the only glycerine refinery in Australia. The facility was commissioned in 2008 and the biodiesel plant is the largest in Australia with a maximum rated capacity of 150 million litres per year.