Gevo sees its 1Q cash balance swell to $525.3M ahead of renewable natural gas revenue generation
The company expects its renewable natural gas project to generate $9 million to $16 million of cash annually beginning in late 2022 Gevo said the Front-End Engineering Design work for its Net-Zero 1 project is on track and is expected to be completed in December 2021
Gevo Inc (NASDAQ:GEVO) reported that it ended its first quarter of 2021 with cash and equivalents of $525.3 million, up from $78.3 million during the previous quarter, after the company completed two equity financings at $8 per share in January.
Gevo also said the Front-End Engineering Design (FEED) work for its Net-Zero 1 project is on track and is expected to be completed in December 2021.
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Gevo Inc (NASDAQ:GEVO) reported that it ended its first quarter 2021 with a cash and equivalents of $525.3 million, up from $78.3 million during the previous quarter, after the company completed two equity financings at $8 per share in January. Gevo also said the Front-End Engineering Design (FEED) work for its Net-Zero 1 project is on track and is expected to be completed in December 2021.
Marrone Bio Innovations Inc (NASDAQ) reported its 11th consecutive growth quarter with revenues increasing 14% year-over-year to $11 million. The Davis, California-based group attributed the revenue growth to “further market penetration” for its biological crop protection products, particularly driven by its Venerate, Grandevo and Regalia
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KBR, Inc. KBR has inked a contract from BUA Group, one of the leading agricultural and industrial chemicals conglomerates, to provide efficient and sustainable engineering solutions.
With this contract, KBR will accomplish Front-End Engineering Design or FEED for BUA Group’s refinery facility in Nigeria. Its Sustainable Technology Solutions business unit is responsible for the contract work. Components of the work include sulphur removal facilities, water treatment facilities to meet high level environmental standards and heat integration to ensure long standing efficiency of production.
Views: Visits 4 By Sebastine Obasi Nigeria’s local content has received a boost, following the signing of preliminary Front End Engineering Design, Pre-FEED, agreement as an indigenous firm, UTM Offshore Limited, with Japan Gas Corporation, JGC, to establish a Floating Liquefied Natural Gas, FLNG, the first of its kind in Nigeria. The Pre-FEED scope shall be completed within four months from commencement date. Also, UTM has engaged Kellogg Brown and Root (KBR) UK to provide owner’s engineering services on the project. KBR shall provide due diligence on the JGC scope by conducting a third-party review of all deliverables from JGC during the Pre-FEED.
First floating LNG project: UTM Offshore, JGC, KBR sign Pre-FEED contracts
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By Sebastine Obasi
Nigeria’s local content has received a boost, following the signing of preliminary Front End Engineering Design, Pre-FEED, agreement as an indigenous firm, UTM Offshore Limited, with Japan Gas Corporation, JGC, to establish a Floating Liquefied Natural Gas, FLNG, the first of its kind in Nigeria.
The Pre-FEED scope shall be completed within four months from commencement date.
Also, UTM has engaged Kellogg Brown and Root (KBR) UK to provide owner’s engineering services on the project.
KBR shall provide due diligence on the JGC scope by conducting a third-party review of all deliverables from JGC during the Pre-FEED.