This week: A growing Network, More solutions for Plethora, Top publication for Summit, Tristel wipes up and Zeta keeps taps running.
Altona (LON:ANR) Energy (ANR 11.12p / £46.89m)
Altona Energy, the Australia-based energy company, announced that it has entered into a cooperation agreement with US-based clean energy company, Rentech Inc (RTK), owner of proprietary technologies for the Fischer-Tropsch Process* (FT) and the gasification of biomass to produce synthesis gas. The agreement includes working together to evaluate coal and biomass gasification projects for the application of Rentech’s technologies in South Australia, where the Arckaringa project is located. The Arckaringa project is a joint venture between Altona and CNOOC-NEIA (a subsidiary of Chinese oil major CNOOC) to evaluate the development of the estimated 7.8 bn ton Arckaringa resource (of which 1.287 bn tons is JORC compliant). The current base case for the Arckaringa bankable feasibility study is a 10m barrel per year coal-to-liquids plant (applying the FT process) and 560MW co-generation export power facility.
*The Fischer–Tropsch process (or Fischer–Tropsch Synthesis) is a set of chemical reactions that convert a mixture of carbon monoxide and hydrogen into liquid hydrocarbons. The process, a key component of gas to liquids technology, produces a petroleum substitute, typically from coal, natural gas, or biomass for use as synthetic lubrication oil and as synthetic fuel.
Angel Biotech (LON:ABH) (ABH 0.38p /£10.20m)*
AIM listed biopharmaceutical contract manufacturer recently announced an extension to the current contract with Pathfinder Cell Therapy, a company based in Massachusetts, USA. The extended contract reinforces Pathfinder Cell Therapy's commitment to the long term development of the Pathfinder Cell Platform and its use as a novel cell therapy in regenerative medicine. The market looks forward to further comment on how Angel progresses as it adds the extra capacity it needs at the GMP manufacturing facility in Cramlington that it has recently taken a fifteen year lease on.
Berkeley (LON:BKG) Mineral (BMR 6.35p / £54.78m)
The mining tailings company announce the signing of a MoU with a Zambian-registered mining and investment company, Ng'wena Mining Resources Ltd. As part of this deal Berkeley will subscribe for shares such that it becomes a…
