Archive for the ‘Clenergen Corp. CRGE’ Category

Clenergen Corp. (CRGE) to Capitalize on Increased Demand for Electricity from Emerging Market’s Industrial and Retail Sectors

Wednesday, April 27th, 2011

Clenergen Corp. today announced it is seeing an increased demand for electricity in India, Africa, and the Philippines, resulting from a surge of business opportunities for its operations. As shortages of electricity during both off peak and peak times continue, companies and municipalities are now turning to alternative energy sources and independent power producers for stable power supply.

In the Philippines, urban centers rural communities are suffering from shortages in diesel supply and higher fuel costs as their electricity is generated from the fossil fuel. Clenergen intends to install its first 2MW gasification power plant on Romblon Island later this year where the government has already requested a further 2MW to be installed.

In Ghana, large mining companies are forced to operate for up to 12 hours on back up diesel generators at a cost of 32 cents per liter. Ghana Manganese Mining Company, who has already signed a Memorandum of Understanding for a turnkey 2MW gasification power plant from Clenergen, anticipates their demand to increase 300% over the next 24 months as mining operations expand production. Notably, Clenergen is in negotiations with 3 other large mining companies who require both energy security and control over energy cost.

India is currently seeing the largest increase in demand as large manufacturers and retailers move towards direct Power Supply Agreements, resulting in electricity prices reaching 15 cents per KW/h during peak times. Clenergen has entered into a number of supply agreements including Tata coffee, Coca Cola and Titanium Watches.

Commenting on these recent developments, Mark Quinn, Executive Chairman of Clenergen, stated, “The growth potential in the emerging markets provides Clenergen a key competitive advantage through the direct cultivation of energy crops to supply biomass for power generation. These key markets are climatically suited for the cultivation of our propriety bamboo which by the fourth year will start yielding over 40 tons per acre and annually thereafter for 50 years at a cost lower than the current price of coal, solar and wind suppliers.”

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Clenergen Corp. (CRGE) Subsidiary Enters Strategic Partnership with PowerSource to Accelerate the Installation of Biomass Power Plants

Monday, April 25th, 2011

Clenergen Philippines Corp., a wholly owned subsidiary of Clenergen Corp., announced before the opening bell today that it has entered into a strategic partnership with PowerSource Philippines, Inc. to accelerate the installation of up to 30MW of rural “off grid” renewable electricity to Philippine island communities and major mining companies over the next three years. The projected income exceeds $35 million per annum.

Most island communities are currently supplied electricity from diesel generators at an average cost of 23 cents per KW/h and continue to deal with 12 hour black outs due to inconsistent supplies of diesel. Powersource has been granted a 10-15 year exclusive franchise to generate and distribute power in specified rural areas, and is the first Qualified Third Party (“QTP”) certified under the Philippine Power Industry Reform Act. PowerSource has secured strong financial support from Credit Suisse (US$25 million already invested), E+Co, a US private equity fund (US$3.35Million in project financing facilities), and the Overseas Private Investment Corp. (a department of the U.S. Treasury).

Through this strategic partnership, Clenergen will utilize its proprietary plant science for the cultivation of energy crops to supply small biomass power plants that will be financed by PowerSource and then distributed through PowerSource’s transmission network. The two companies will proportionally share in the revenues generated from the cultivation of biomass and the sale of electricity to both captive end users and the Philippine Government.

Commenting on the announcement, Miguel Patolot, Non-Executive Chairman of Clenergen Philippines, stated, “The partnership will bring into synergy the extensive experience of off-grid power generation of PowerSource and the cutting edge plant science technology of Clenergen. This partnership will provide infrastructure and equipment financing to support the commercial rollout of energy crop plantations throughout the island communities.”

Frederick Lacroix, Chairman and Chief Executive officer of PowerSource, said, “We welcome this partnership and recognize the strength of Clenergen in plant science and energy crop plantations. This technology will insure our client’s sustainable and competitively priced electricity and allow accelerated growth throughout the regions where we have been granted exclusive franchises.”

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Clenergen Corp. (CRGE) is “One to Watch”

Thursday, April 21st, 2011

Clenergen Corp. is focused on using a proprietary biomass process to generate renewable electricity. The company has identified two fast growing species of tree and a strain of grass that can be cultivated on non-arable land to produce a sustainable, cost effective biomass energy crop. Adopting strict agronomy practices and fertilization programs, Clenergen further increases crop yield by up to 20-30% the average annual yield per acre, per annum.

Because the company uses renewable biomass, organic material derived from plant matter not related to food production, it is able to produce clean, sustainable energy without endangering the food supply. Additionally, unlike fossil fuels that only add CO2 to the atmosphere, biomass generates positive carbon emissions credits through the process of photosynthesis.

Clenergen’s clean energy model offers a controlled environment with an environmentally sound and sustainable supply of fuel that is in full compliance with international standards for environmental protection, biodiversity, quality, safety and full traceability. Using proprietary biomass feedstock to implement sustainable supplies of clean energy to regional and national grids, Clenergen offers strategic clean energy generation to address the requirement for renewable and sustainable supplies of energy.

Clenergen is backed by an experienced management team with a track record of success and operational expertise. The company has also established third party partnerships to enable the business to achieve its business goals and enable it to meet or exceed its financial forecasts and projections. With energy prices continuing to rise and increasing legislation around the world to reduce CO2 emissions, Clenergen is well positioned to capitalize on the growing demand for clean, sustainable energy.

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Clenergen Corp. (CRGE.OB) to Install 34MW/h of Biomass Power for Mining in Philippines

Wednesday, July 7th, 2010

Clenergen Corp., www.clenergen.com – pioneers in gasification for clean energy and biomass cultivation technologies, announced today entry into a Memorandum of Agreement with Rio Tuba Nickel Mining Corporation to install some 34MW/h in the Philippines.

Rio Tuba’s mining operations are concentrated in Palawan province, and CRGE is projected to begin on the island of Palawan with the installation of a demo 2MW/h biomass gasification plant to be fed by 400 acres of marginal land growing CRGE’s proprietary bamboo feedstock.

The project as a whole goes a long ways toward satisfying Rio Tuba’s commitment to engaging renewable energy projects that help to remediate mined land while creating jobs for locals and bolstering the local economy.

President and CEO of Rio Tuba, Manny Zamora, knows only too well how vital a robust 24/7 power supply is to any mining operation, and praised the scalability, efficacy and environmentally friendly profile of CRGE’s biomass and gasification technologies.

Access to the technology means Rio Tuba can now go after new investments like the Slake Lime Plant (also in Palawan), and the company has even submitted a proposal to enter into a long-term Power Purchase Agreement (PPA) for the supply of renewable energy.

With most of the Philippine islands reliant on $0.26 per KW/h leased diesel generation, the entire market is tied to diesel fluctuations and blackouts are common. CRGE presents a highly scalable, customizable, clean and renewable full-spectrum solution.

Moreover, the Philippine climate and fertile soil are ideal for cultivating feedstocks like CRGE’s proprietary Beema Bamboo, and abundant, naturally-occurring feedstock exists to supplement or even replace its use. CRGE estimates a 30% savings once the energy crop plantations reach productivity.

Trials are planned to remediate mined areas with Beema Bamboo as well, and Rio Tuba will earn carbon offsets for the displacement of power which would otherwise be diesel generated.

Executive Chairman of CRGE, Mark Quinn, noted the ideal fit between biomass power generation and mining, due to the fundamental logistics of the industry, which include plans to remediate mined land with cultivated feedstock to meet the long-term “environmental standards set by the Government of the Philippines”; Quinn also noted how this energy solution brings desperately-needed power to emerging markets.

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Clenergen Corp. (CRGE.OB) Signs 49 Year Land Lease in India for Supply of Wood Chips for New Biomass Power Plant

Wednesday, May 5th, 2010

Located in New York, Clenergen has developed a unique supply of fuel for use with gasification, combustion, steam, pyrolysis oil and pelleting technologies. Today, Clenergen took a major step towards enhancing its future with the announcement that they have signed a 49 year lease for land in Tamlinadu, India for the supply of wood chips for their 32MW/h new biomass power plant.

The 49 year lease agreement was signed with the Jeer Mutt Religious Institution. Totaling 9,000 acres, the property contains 5,000 acres that are suitable for cultivation of Clenergen’s two species of tree and grass for the supply of fuel (wood chips) for the new power plant.

The quantity of the land is sufficient to supply up to 45MW/h biomass power plants. The land is unique in that it requires minimal infrastructure to plant Clenergen’s energy crops.

The company intends to float Clenergen India Private Limited on the SENSEX in March 2011 in order to raise $67 million in debt financing and $31 million in equity financing with the construction projected to generate $15 million in gross profits per annum.

Leading the way at Clenergen is their CEO Mark Quinn. When asked what this lease will mean to the future of Clenergen, Quinn was quoted as saying, “The leasing of this land in Tamilnadu allows the company to proceed with its public floatation and construction of a new 32MW/h biomass power plant near Tuticorin, Tamilnadu. The logistics provide a turnkey supply chain operation with power evacuation facilities within 15km from the site leased for the power plant. This is a further milestone towards our target of generating 500MW/h by 2014.”

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Clenergen Corp. (CRGE.OB) Elects Former BP Global Chief Accountant as President and CFO

Friday, February 12th, 2010

Clenergen Corp. develops clean energy generation projects to address the need for renewable and sustainable supplies of electricity. The company installs and operates Distribution Environmental Power Systems (DEPS) around the world and the power is sold to regional, independent clients and national grids. Clenergen uniquely applies plant science to the cultivation of proprietary biomass feedstocks in order to power these systems.

The company announced today the appointment of Mike Starkie as president and chief financial officer of Clenergen. He replaces Dale Shepard as CFO. Mr. Starkie was the former chief accountant of British oil giant BP from 1994 to December 2009. He began working at BP in 1976 and spent the next two decades in a variety of financial jobs in BP businesses and offices throughout Europe.

As chief accountant for BP, Mr. Starkie played a leading role in BP’s mergers and acquisitions. He was also responsible for the company’s financial statements (including US corporate statements) and for the company’s SEC filings (20Fs and 6Ks), compliance with other financial reporting requirements, and for providing accounting advice to BP’s businesses, accounting network and directors.

Mr. Starkie sits on several intergovernmental and institutional boards acting as professional advisor and chairman. His expertise is used on the CBI Financial Reporting panel which he chairs and he is also advising the European Commission on the adoption of International Reporting Standards and other matters. It is his great expertise which will strengthen Clenergen’s management and will be of considerable value to the company.

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Clenergen Corp. (CRGE.OB) and Philippines-based National Power Corp. Sign MOA to Develop Green Energy

Thursday, January 28th, 2010

Clenergen Corporation announced today that it has signed a memorandum of agreement (MOA) with National Power Corporation (NPC) whereby a collaborative effort will ensue for the production of ‘green’ energy based on biomass power plants for NPC’s Small Power Utilities Group (SPUG), which handles plants in the 0.5-2MW range.

Clenergen CEO Mark LM Quinn and NPC President Froilan A. Tampinco disclosed, in a special joint announcement, that feasibility studies would commence in areas NPC has determined to be the best potential sites for utilizing Clenergen’s technology. The sites selected by NPC for development of this initiative are Apayao, Banton, Concepcion, Corcuera, Kabugao, Kalinga, Lubuagan, and Romblon.

National Power Corporation, a state-owned power company operating in the Philippines, was mandated into existence for the development of off-grid, innovative power systems suitable for the many islands that make up the region’s geography.

The publicly held Clenergen is known in the booming ‘green’ energy sector for its incredible proprietary technologies, such as the development of non-food biomass crops through judiciously applied plant science techniques and biotechnology, as well as revolutionary gasification technology.

The capacity to produce short-rotation, high-yield biomass on a commercial scale, and the subsequent utilization of technologies like gasification, combustion steam and anaerobic digestion, collectively make Clenergen a powerhouse when it comes to developing innovative ‘green’ energy solutions for independent clients as well as regional and national grids.

Quinn affirmed Clenergen’s dedication to the task of installing Distributed Environmental Power Systems (DEPS) in the Philippines, where these biomass plants – ranging from 0.5-8MW in size – will provide much needed, highly localized and sustainable energy solutions for the region. They will also be located in areas “suitable to cultivate dedicated biomass feedstocks”. The secondary benefit, of demonstrating the entire system (from biomass production to gasification) as a renewable energy solution to the Asia Pacific basin community, will also be achieved, no doubt prompting others to pursue Clenergen for similar projects.

Tampinco expressed how encouraging this agreement with Clenergen was for NPC, and said he looked forward to “the MOA’s immediate implementation as we promote and encourage the use of renewable energy that abounds in our countryside”.

Tampinco views the relationship as a “clear indication” of global support for a call by NPC to create “strong partnerships” in alternative energy for the Philippine’s small island electrification program.

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Clenergen Corp. (CRGE.OB) Generates Power While Helping Environment

Tuesday, December 15th, 2009

Clenergen Corp., a leading developer of biomass power systems based upon cultivated renewable plant resources, is focused on two foundational goals:

• To develop and grow high-density, short-rotation biomass crops on a commercial scale at a cost of production equivalent to or less than the price of coal, using a proprietary integrated farming model
• To use this resource to produce power through advanced gasification technologies

Clenergen is targeting a large gap that exists in attempts to use biomass alone or in conjunction with standard hydrocarbon fuels. Instead of simply concentrating on developing complex engineering solutions to use existing non-uniform waste and other biomass resources for power generation, the company is approaching the issue from an agronomy/biotechnology and plantation management perspective. The result is a uniform, clean, and dependable biomass resource, more easily processed, and able to be grown economically and continually on a commercial scale. In addition, these sources can be combined with selected agricultural waste resources (sugar cane tops, rice husks, etc.) that may be locally available.

On the engineering side, the deployment of small (4.5 megawatt) to medium (18 megawatt) sized Distributed Environmental Power Systems (DEPS) allows for the localization of electricity supplies to both municipalities and large end user’s of electricity, such as factories. The modular design of DEPS means the platform is scalable to continually increase based upon a consistent and reliable source of feedstock.

Part of Clenergen’s business model is to reclaim previously deforested lands through the planting of large size feedstock crops, such as Bamboo and Marjestica (a new species of tree produced from strains of Paulownia). The application of the Tree Adaption Process (TAP) to Marjestica enables an increase in growth rate of 30%-40%. This process does not require genetic engineering since the TAP technology is a naturally occurring evolutionary process. After three years, plantations should yield more than 40-60 tons per acre per year. Not only will this provide needed renewable energy supplies, but it will help improve the environment through re-forestation and, of course, through the reduction of fossil fuel use.

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Clenergen Corp. (CRGE.OB) to Supply Sustainable Electricity on a Global Basis

Thursday, December 10th, 2009

Clenergen Corp. develops clean energy generation projects to address the requirement for renewable and sustainable supplies of electricity. The company installs and operates Distribution Environmental Power Systems (DEPS) and applies plant science to the cultivation of proprietary biomass feedstocks in order to provide sustainable clean energy to regional, independent clients and national grids.

The company projects to have operational power plants generating over 500 megawatts per hour within the next five years. Their model of deploying DEPS to both governments and large end-users (such as mining operations and sugar cane refineries) as well as local municipalities, allows for scalability within each of the regions deployed.

Clenergen plans to implement their strategy on a global basis, particularly in areas that have chronic shortages of electricity. In Ghana for example, the company intends to install a 16MW biomass power plant for a major mining company and a 56MW biomass power plant to supply electricity directly into the nation’s electric grid. With major oil projects occurring offshore, Ghana will need more electricity and infrastructure to move forward with those projects.

Other major projects that Clenergen is working on include:

• Installing a 4MW biomass power plant on behalf of a mining company in Uganda, with excess electricity being sold to local towns and villages
• Installing a 4MW per hour power plant on behalf of a major sugar cane producer at a site in the Philippines
• Another power plant to be built for a sugar cane producer in Brazil

Clenergen is also working closely with the International Copper Association who has fully endorsed the implementation of rural electrification projects in India and power plant projects at copper mines in India and South America.

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Clenergen Corp. (CRGE.OB) To Test Biomass-Fossil Fuel Combinations

Monday, December 7th, 2009

Clenergen Corporation, a leading biomass power developer, is working with Mangalore Refinery & Petrochemicals Ltd., in the city of Mangalore on the southwest coast of India, to develop power plants that will generate electricity from a blend of petcoke (60%) and biomass (40%). Initially, a 21 megawatt pilot power plant will be built in Mangalore for tests to maximize efficiency in the generation of carbon neutral electricity. However, the project could be scaled up to provide 154 megawatts in Mangalore, and 196 megawatts in the nearby city of Kochi (formerly known as Cochin), based upon the volume of biomass expected from lands in Karnataka and the volume of petcoke provided by two Indian refineries. The electricity will be sold directly to the refineries for their internal energy requirements, with the balance being sold to the Power Trading Corporation of India Limited.

Further to the northeast, in Singareni, India, Clenergen is working on the idea of using coal dust in combination with biomass for power generation. The company is working with Coal India Limited to test a blend of 75% coal dust and 25% biomass at the colliery site in Singareni. India produces over 2 million tons of coal dust every year.

In Russia, Clenergen has submitted a proposal to install a 4.5 megawatt power plant in Sochi on the Black Sea. The plant will supply electricity to the Olympic village, scheduled for 2014, using biomass from wood residues. Many Russian territories still have a less than adequate supply of electricity, representing another significant market for Clenergen. In addition, Clenergen continues to move forward with plans for biomass power plants in other areas of the world. Clenergen has already planned to conduct trials in Australia, Sri Lanka, the Philippines, and Guyana.

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Clenergen Corp. (CRGE.OB) Drives Worldwide Initiatives

Friday, December 4th, 2009

Clenergen Corp., the biomass power generation developer, is moving forward on projects in Africa, Asia, and South America, projects that will also affect power generation in the U.S. and Europe. The company expects to have operational power plants totaling over 500 megawatts within the next 5 years. Clenergen will distribute power to local and state governments as well as large end users, such as mining operations and sugar cane refineries.

Major feedstock plantations are being developed by Clenergen in Guyana, South America and Ghana, Africa. Both areas offer favorable climatic and economic conditions, and both have a need for electricity. As the plantations are scaled up, wood chip surplus can be exported to the U.S. and Europe, where there is a shortage of biomass for power generation. In Ghana, the company intends to install a 16 megawatt biomass power plant for a major mining company, and a 56 megawatt biomass power plant to feed the national grid.

Plans are moving forward for power plants in other countries as well. In Uganda, Africa, Clenergen will install a 4 megawatt biomass power plant for a leading mining company, with excess electricity being supplied to local towns and villages. In the Philippines, Clenergen intends to locate a 4 megawatt biomass power plant on behalf of a major sugar cane producer. Furthermore, multiple small power plants will later be installed to service a sugar refining company in Brazil. Clenergen is also working with the International Copper Association, who has fully endorsed the implementation of rural electrification in India and power plant projects at copper mines in India and South America.

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Clenergen Corp. (CRGE.OB) Expands Land Leases in India and South America

Tuesday, December 1st, 2009

Clenergen Corporation, a developer of power generation systems that run on biomass crops grown specifically for use as a power source, has secured a 49 year lease for 4,000 acres of land in Tamil Nadu, on the southeast coast of India. The acreage, located in the Tuticorin and Tirunelveli districts, will support plantations of bamboo (1,200 acres) and a fast growing species of tree called marjestica (2,800 acres) to feed a planned 16 megawatt power plant in the city of Tuticorin.

The city of Tuticorin has a seaport, airport, and is within 30 kilometers of the plantation sites. Clenergen has already leased a facility that has the required foundation and storage necessary for the power plant.

Further to the west, the Indian state of Karnataka has given Clenergen a 49 year lease on 25,000 acres of land, including river water irrigation rights, sufficient to support the cultivation of bamboo on a high-density crop rotation program. It is estimated that the land could generate up to 1 million tons of biomass annually after the third year of cultivation, providing a fuel source for power plants located in the city of Mangalore, on the southwest coast. Clenergen will be supplying a certain percentage of the electricity generated directly to the state, along with a nominal annual lease payment.

In South America, Clenergen has agreed to sublet from GCI Ltd approximately 150,000 acres of land in Guyana, for the cultivation of marjestica. GCI has already been cultivating a strain of the tree for the production of woodchip biomass for export to the U.S. and Europe. The land is located in District 10 of the Lower Berbice Region in Gyuana, about 70 miles from the town of New Amsterdam on the Atlantic coast.

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Clenergen Corp.’s (CRGE.OB) Management Leads Innovative Push into Renewable Energy

Wednesday, November 25th, 2009

Clenergen Corp. is approaching the renewable energy/biofuels sector from a unique perspective – an agronomy/ plantation standpoint rather than from a purely technical/engineering standpoint. Clenergen’s goal is produce high-density, short-rotation biomass (non-food) crops to use as feedstock for advanced gasification technologies to produce electricity.

The company is led by an outstanding management group. Here is a brief overview of the team:

Dr. Arvind Pandalai, Non-Executive Group Chairman

Dr. Pandalai has 32 years of experience in a number of areas including: international trading, export and import management, market research, joint ventures, strategic planning, project and financial management. He has also won a number of management awards in his native India.

Robert Kohn, Non-Executive Vice-Chairman

Mr. Kohn has been chairman/CEO, president/COO, and co-founder of three start-up public companies with a combined market cap of over $1.5 billion. He was also a president of a subsidiary of Exelon, ranked #1 utility in the US, and president and founder of entrade.com (energy trading) at Exelon.

Mark LM Quinn, Chief Executive Officer

Mr. Quinn has extensive international business experience in the Middle East, Africa, Russia, India and the Philippines. He was co-founder and CEO of D1 Oils PLC, developing D1 into the global market leader in biodiesel. Mr. Quinn also successfully oversaw the listing on the company on the UK’s AIM (Alternative Investment Market) in October 2004.

Dale Shepard, Chief Financial Officer

Mr. Shepard worked from 1973 to 1991 for global blue-chip company, General Electric. While at GE, he held the positions of: Director of Finance – GEM Polymers Ltd. Vice-President – GE Plastics Japan, Managing Director – GEM Chemicals Inc. From there he joined Kawasaki LNP NC in the engineering plastics subsidiary of Kawasaki Steel Corp. Over the eight years he was at Kawasaki, Mr. Shepard was involved with acquisitions in the US, UK, France and Germany which resulted in the tripling of European sales over five years.

Jessica Hatfield, Executive Vice-President

Ms. Hatfield created The Media Vehicle in 1994, a company that provided advertising alternatives to traditional media. In 2004, she was invited to join Leaders Quest, an international organization that develops existing and future world leaders.

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Clenergen Corp. (CRGE.OB) Uses Tree Adaptation Process to Increase Yields on Biomass Feedstocks

Monday, November 16th, 2009

Clenergen Corp. is one of the first companies to incorporate the efficiency gained from the direct cultivation of feedstock as a source of biomass for gasification processes and the generation of renewable electricity. Electric power generated from such power plants will then be sold by the company to local municipalities and industries, particularly in areas of the globe that have a poor energy infrastructure.

One source of biomass that Clenergen will grow on their own plantations is bamboo. The company has identified a high calorific, high-density strain of micro-propagated bamboo that is capable of producing upwards of 45 tons per annum after the third year of cultivation. The bamboo can be grown in regions where the soil quality is less suitable for arable crops and with minimal agronomy requirements. This bamboo grows 9 to 10 new shoots annually for up to 50 years before replanting is required.

Another source of biomass that the company will grow on their plantations is the Marjestica tree. The tree reaches in excess of 20 feet in height in its first year and re-grows from its stub each year for a minimum of 8 coppicing (cutting the tree to its stub) cycles, before replanting is required. Yields after the first 18 months are expected to exceed 40 tons per acre, and steadily increase year after year.

The company has secured exclusive territorial licensing rights to a ‘tree adaptation process’. This process, when applied to the mother stock of the Marjestica strain, results in an increase in the rate of growth of between 23-40%. This is a natural process, used with many food crops that we eat, in which organisms respond to environmental stress by increasing the number of homologous (same) sets of chromosomes or genomes in each cell. This process is not considered to be genetic modification, as no foreign DNA is introduced into the plants.

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Clenergen Corp. (CRGE.OB) Subsidiary Selects Merchant Bank for Public Floatation in India and Listing on National Stock Exchange of India Limited (NSE) and Bombay Stock Exhange Limited (BSE)

Wednesday, November 11th, 2009

The Chennai (India) based Clenergen India Private Limited, a wholly owned subsidiary of Clenergen Corporation, announced today that ICICI Securities Limited has agreed to be the Lead Merchant Banker for the fund raising exercise through issuance of equity shares in India for Clenergen’s 16MW and 64MW gasification technology based power plants.

The cost of the two projects, which together will generate 80MW/Hr of clean, renewable electricity, has been projected to total US$ 236.47 million, out of which a sum of US$ 153.70 million is planned to be raised in the form of long term debt. This assignment has been mandated to Ernst and Young in India.

Out of the total equity component of US$82.76 million, US$65 million will be raised through a public floatation on the Indian Capital Markets, the rest being a combination of contribution to equity by Clenergen Corporation, USA and private placement of shares before floatation. Post closure of the public offering, the shares of Clenergen India will be listed for trading on the National Stock Exchange of India Limited (NSE) and the Bombay Stock Exchange Limited (BSE).

ICICI Securities Limited (I-Sec), part of the ICICI Bank’s financial services conglomerate, has agreed to act as a Lead Merchant Banker (private equity placement, pre-IPO and the public floatation of Clenergen India). I-Sec is recognized as one of India’s premier merchant bankers, successfully handling many of the largest public flotations in India.

The proposed public flotation is being planned to hit the Indian markets in March 2010.

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Clenergen Corp. (CRGE.OB) Announces Acquisition of Clenergen Corporation Ltd.

Tuesday, November 10th, 2009

Clenergen Corporation was pleased to announce this morning that it has closed the previously announced share exchange agreement with Clenergen Corporation Limited, a United Kingdom Corporation (“Clenergen UK”). As previously agreed upon, the company issued 13,643,045 restricted shares of its common stock to the former shareholders of Clenergen UK.

Clenergen was also pleased to announce that it has appointed Dr. Arvind Pandalai, Mr. Robert Kohn, Mr. David Sonnenberg, Mr. Mike Starkie, Mr Dale Shepherd and Mr. Jack Dickey to its board of directors. Details regarding the closing of the share exchange agreement can be found in the company’s continuous disclosure documents as filed on www.sec.gov.

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Clenergen Corp. (CRGE.OB) Plans to Have Operations Across the Globe

Monday, November 9th, 2009

Clenergen Corp. is focused on installing, owning and operating small to medium-sized distributed environmental power systems (DEPS) which will sell power to companies, power grids and local municipalities around the world.

The company is looking to produce a renewable and sustainable source of electricity through advanced gasification technologies. Clenergen is unique in the biomass energy industry in that their goal is to power their power plants using biomass crops which they will produce on a commercial scale at a cost of production similar to the cost of coal. The company will do this by using high-density, short-rotation biomass crops such as bamboo and the Marjestica tree.

With regard to their biomass production, Clenergen has taken on a sublease of 150,000 acres of savannah grasslands in the South American nation of Guyana. In Guyana, there will be plantations of bamboo and Marjestica undertaken in a phased manner starting from an initial 5,000 acres with an additional 5,000 acres added annually. The biomass yield from this plantation will be exported under a long-term supply agreement to the United Kingdom. In the UK, the biomass will be used for co-firing with coal to reduce carbon dioxide emissions.

A large part of Clenergen’s business model involves deploying 17 megawatts and 11 megawatts per hour DEPS to large commercial end users, such as manufacturing and mining operations. The company projects that they will have operational power plants around the globe generating 503 megawatts per hour within the next five years.

The company has identified large mining and manufacturing operations in the emerging world such as Africa, Russia, Brazil and China as potential lucrative markets. Many areas in these locales still have limited infrastructure and acute energy shortages, so Clenergen should be able to charge well for providing power.

One example of Clenergen’s emerging market strategy can be seen in the West African nation of Ghana. The company plans to locate a 16 megawatt per hour biomass power plant on behalf of a leading mining company and a 56 megawatt per hour project for feeding power into the national grid of Ghana. It is projected that once the 16 MW power plant is operational, sixteen additional power plants, totaling 272 megawatts per hour capacity, will be installed in order to service the energy requirement of the mining companies in Ghana.

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Clenergen Corp.’s (CRGE.OB) Total Solution for Bio-Energy

Thursday, November 5th, 2009

Clenergen Corp. is a developer of clean biomass power generation systems, with its current focus on the nation of India. The company is using a unique approach to use specifically-grown biomass feedstock in order to power its generators.

The company has gained access to acreage in India for plantations in which to grow specific plants as biomass feedstock for power generation plants. A footprint of only 4,000 acres is sufficient to generate up to 16MW per hour of electricity on an annual basis.

The first plant that Clenergen has identified is a high calorific strain of bamboo (Beema Bamboo) which is capable of producing over 60 tons of biomass a year after year 3 and can be coppiced – cutting it down to near ground level so that many new shoots will appear – on an annual basis.

Clenergen has also identified a fast-growing species of tree – Marjestica – and has applied a ‘tree adaption process’ for rapidly increasing its exponential growth rate from 28% to 35%. This process is a natural phenomenon in which organisms respond to environmental stress by increasing the number of homologous sets of chromosomes or genomes in each cell. This process is NOT genetic modification, as it involves NO foreign DNA being introduced.

The whole idea, of course, is to generate renewable electricity. This is produced from synthetic fuel generated by a gasification process which disintegrates the biomass at very high temperatures and channels the syngas to specially designed “low calorific gas” turbine engines.

This proven gasification technology’s high levels of efficiency and energy conversion creates a consistent source of electricity production without generating any carbon emissions from the process. This generates ‘carbon credits’. Both the sequestration value from cultivation of the feedstock along with the displacement value of the electricity produced earns carbon credits. These credits can then be sold and help offset the cost of production.

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Clenergen Corp. (CRGE.OB) Aiming For Over 80 Megawatts of Power in India

Tuesday, November 3rd, 2009

Clenergen Corp., biomass power developer, recently announced that it has entered into a 15-year power purchase agreement with PTC India Ltd. The agreement is through Clenergen’s wholly owned subsidiary, Clenergen India. PTC India, a public-private partnership company, is the leading provider of power trading solutions in India, and is focused on developing a commercially vibrant power market in the country.

Clenergen currently has plantations in the Tuticorin and Tirunelveli districts in southern India, totaling 4,000 acres, of which 1,200 acres are earmarked for cultivation of bamboo and 2,800 acres for paulownia, two carefully researched and chosen biomass crops. The company plans to lease a total of 16,000 acres for biomass plantations in India, supplying various power plants operating on gasification technology.

Clenergen CEO, Mark Quinn, indicated that the first of the power plants has already started operation in Tuticorin. The 1.5 megawatt facility will be expanded to about 10 megawatts within one year. The company also plans to set up a 16 megawatt plant in Tamil Nadu, and a 64 megawatt plant in Karnataka, both in southern India.

The agreement calls for PTC India to pay Clenergen a guaranteed rate for supplied power, plus 90% of whatever PTC gets over and above that guaranteed price. PTC will pay on a monthly basis, with its payments backed by an irrevocable letter of credit with Indian Overseas Bank. Clenergen expects an internal rate of return of at least 30%, over and above any benefits from carbon trading.

Clenergen will require approximately 200 acres of land, producing 40 metric tons of biomass per acre (a total of about 8,000 metric tons), for every megawatt generated. The company is working with Bangalor-based Growmore Biotech to source Beema Bamboo, a high-yielding bamboo variety developed by Growmore, with a potential yield of 60 metric tons per acre. Anything over 40 metric tons increases Clenergen’s profits.

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Clenergen Corp. (CRGE.OB) Is Taking a Unique Approach to Using Biomass for Power Production

Thursday, October 29th, 2009

Clenergen Corporation has taken a unique approach to the problem of using biomass as fuel for power production facilities. The company has approached the issue from an agronomy and plantation management perspective rather than solely from an engineering perspective. Clenergen has achieved the ability to deliver a standard, uniform virgin biomass on a commercial scale at regular intervals over a long period of time.

The company has contractually secured access to the feedstock required for cultivation. One feedstock is a species of grass named ‘Beema Bamboo’ which has been developed and test planted for Clenergen by its partner Growmore Biotech Limited from India. The plant is a perennial with a life span of 50 years and the harvestable biomass yield ranges from 20 million tons per acre in the second year to 60 million tons after four years of cultivation.

A second feedstock is a species of trees native to China and parts of Asia called ‘Paulownia’. Validated records indicate that this tree can potentially yield a biomass equivalent of over 50 million tons and no re-plantation of the tree is required for nine years.

In addition to the yield of biomass from traditional cultivation, Clenergen is using plant science to increase the rate of growth of the trees and therefore increase its biomass yield. The process that the company is using is called polyploidisation. Plant stock is genetically pre-screened for specific polyploidy chromosomes. Once identified, the selected trees are entered into an active breeding program. No genetic engineering is utilized, as polyploidy is a naturally occurring evolutionary event. This process, although new to the forestry industry, has been used since the 1970s in the agri-food business as a way to encourage faster rates of growth in crops such as corn and wheat.

The company and Growmore Biotech have entered into a binding agreement under which Gromore will apply the polyoloidisation process on the mother stock of Paulownia supplied from plantations in both India and Guyana which are owned by Clenergen. Gromore will also provide micro propagated saplings of its elite strain of Beema bamboo for mass cultivation.

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Clenergen Corp. (CRGE.OB) – Biomass2Biopower Private Ltd. Commences High Density Biomass Trials of Eucalyptus, Casuarinas, and “Vanashree”

Monday, October 26th, 2009

Today, Biomass2Biopower Private Ltd. (“B2B”) announced that it has completed the first stage of its R&D program which is focused on the use of indigenous species of trees as viable sources of feedstock for the production of biomass for gasification power plant projects being implemented by Clenergen Corporation. The program aims to provide validation of the yield, production cycles and agronomy requirements as well as offer diversification to Clenergen’s integrated feedstock supply chain.

“Vanashree” was specifically highlighted in the press release for demonstrating an output of more than 40 tons per acre after 2 years of growth in a variety of soil conditions and relatively low water irrigation requirements. B2B will also develop and produce proprietary Bio pesticides, Bio fertilizers and other high value commodities from the processing of biomass resources. It is estimated that under controlled agronomy practices and fertilization programs, yields will be increased up to 20% on an annual basis.

As previously announced, Clenergen has already reached agreement on the terms to acquire a 1.5MW/Hr biomass power plant in Namakkal, Tamilnadu, which is anticipated to be operational by year end 2009. Once operational, the company will initiate efforts to ramp up the capacity to 10MW/Hr while installing two new biomass power projects: a 16MW/Hr in Tuticorin Tamilnadu and a 64MW/Hr in Karnataka. The total project cost of the new plants has been estimated at US$236 million.

Mark Quinn, CEO of Clenergen, commented, “The wealth of scientific knowledge of the Scientific Advisory Council provides Clenergen the best possible plant science resources for its feedstock cultivation program, along with a variety of alternative indigenous species of trees in India, which can be adopted for specific climatic conditions. B2B will generate revenue from the sale of its bio pesticides and bio fertilizers as well as out sourcing planting materials to third parties for the purpose of cultivating biomass feedstock on behalf of Clenergen Corporation”.

Doctor Ganapathy Arumugam, Managing Director & Group Science Director of EBTI, stated, “Our partnership with Clenergen allows for the commercialization of our classic science expertise in the field of Plant breeding, Agronomy, and Microbiology and can provide a strong foundation for the production and supply of high yielding indigenous planting materials and crop based bio inputs to increase the productivity per unit area for the cultivation of biomass a Non edible feedstock as a source of renewable energy”.

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Clenergen Corp. (CRGE.OB) Reaches Agreement to Terms to Acquire 1.5MW Biomass Power Plant in Tamil Nadu, India

Wednesday, October 21st, 2009

Today it was announced that Clenergen Corporation India Private Limited, a wholly owned subsidiary of Clenergen Corporation, has agreed on the terms to acquire a 1.5MW/Hr biomass power plant in Namakkal, Tamilnadu, which will be operational by yearend 2009.

Recognized as one of India’s National Demonstration Projects, the plant was shut down in 2007 due to operational cash flow constraints and its inability to remain profitable at a low tariff rate. However, under a Power Purchase Agreement between Power Trading Corporation of India Limited (PTC) and Clenergen India Private Limited, a higher tariff rate has now been agreed.

The unit is expected to generate net revenue of approximately US$1 million in its first year of operation. During the first phase of its operations in India, Clenergen will ramp up the capacity of this power plant to 10MW/Hr while installing two new biomass power projects: a 16MW/Hr in Tuticorin Tamilnadu and a 64MW/Hr in Karnataka. The total project cost of the new plants has been estimated at US$236 million.

Clenergen’s Tuticorin power plant is expected to be in commercial operation sometime in the last quarter of 2010. The company is proposing to raise US$83 million in equity financing from the Indian stock markets. The 16MW/Hr power plant will require 4,000 acres of land to cultivate biomass feedstock required for its 24/7 operation, of which 800 acres has already been secured under sublease. Until the cultivated feedstocks reach first harvest, local supplies of wood chips will be contracted.

Clenergen also announced that it has identified an efficient system of power generation using gasification technology/gas turbines generators and power generation through Pyrolisis/steam turbine generators. These systems can produce power, steam, hydrogen, chemicals and other important products through advanced gasification and Pyrolisis/combustion steam technologies. The company also produces high-density, short-rotation biomass crops on a commercial scale at a cost of production equivalent to or less than the price of coal (measured in energy terms – MMBtu) using a proprietary integrated farming model.

Announcing the company’s plans for India here at a press conference, Dr. Arvind Pandalai, Non Executive Group Chairman, said, “The Namakkal unit, which is entirely carbon neutral, successfully demonstrated the ‘anaerobic digestive technology’ to process agri-biomass to renewable energy. The unit has already been assessed for carbon credits.”

Dr Pandalai added, “Clenergen new biomass power plants at Tamil Nadu and Karnataka will be based on the feedstock of `Beema Bamboo’, a grass species, and `Marjestica’, a micro propagated species of Paulownia native to China and parts of Asia. The company has partnered with Growmore Biotech Limited, Hosur, for the production and supply of the micro propagated Beema Bamboo. Additionally, Clenergen has licensed a Tree Adaption Process that increases the growth rate of Majestica by up to 40% and will be conducting field trials of the improved strain in Tamilnadu in the first quarter 2010.

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Clenergen Corp. (CRGE.OB) Moves Forward with Biomass Power Projects in India

Tuesday, October 20th, 2009

Clenergen Corp., developer of clean biomass power generation systems using specifically grown biomass crops, is actively engaged in developing its first project in India. The plan is to develop a 10 megawatt/hour power plant in Namakkal, Tamilnadu, on the southern tip of India. The plant will be fed by a biomass gasification facility using biomass supplied by Clenergen’s plantations in Tamilnadu.

The first step was the agreement to allow Clenergen to acquire an existing 1.5 megawatt/hour biomass power generating plant in Namakkal. The plant uses anerobic digestion technology to process agricultural waste using GE Jenbacher Gas engines. The unit, which successfully demonstrated the use of the technology as part of India’s National Demonstration Project, was shut down earlier due to cash flow constraints related to the sale of power to the State Government Utility. More favorable tariffs have since been put in place, and an agreement for acquisition was finalized between Clenergen and shareholders of the plant.

The plan now is to ramp up the plant’s capacity to 10 MW/hr by setting up a biomass gasification facility, using biomass supplied initially from already contracted agricultural waste sources, but eventually from proprietary feedstock from Clenergen’s plantations in Tamilnadu. The unit will be entirely carbon neutral, and has already been assessed for carbon credits, both for electricity production and methane capture. It is expected to generate annual net revenue of $1.2 million.

Clenergen’s plantations are located in Tuticorin and Tirunelveli districts in southern India, and total 4,000 acres, of which 1,200 acres are earmarked for cultivation of bamboo and 2,800 acres for paulownia, two carefully researched and chosen biomass crops.

Clenergen is also setting up two additional power projects in India, a 16 MW/hr plant in Tamilnadu, and a 64 MW/hr plant in Karnataka, also in southern India.

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Clenergen Corp.’s (CRGE.OB) Board Leads Push into Biofuels

Thursday, October 15th, 2009

Clenergen Corp. is a biofuels company that is approaching the sector from a different perspective – from an agronomy/biology and plantation standpoint. The company’s goal is to produce high-density, short-rotation biomass crops on a commercial scale which will then be used to power, steam and perhaps produce other products from advanced gasification and steam technologies.

The company is led by an eminent Board of Directors and Advisors. Here is a brief overview of the members:

Dr. Arvind Pandalai – Non-Executive Group Chairman

Dr. Pandalai has 32 years of experience in international trading, export and import management, joint ventures, project and financial management along with strategic planning. He has numerous prestigious management awards in his native India.

Robert Kohn – Non-Executive Vice-Chairman, North America

Mr. Kohn has been chairman/CEO, president/COO, and co-founder of three start-up public companies, with a combined market cap of over $1.5 billion. He was also president of utility giant Exelon and president and founder of entrade.com (energy trading) at Exelon.

Mark LM Quinn – CEO

Mr. Quinn has extensive international business experience in Southeast Asia, particularly in India and the Philippines, along with Russia, the Middle East and Africa. Mark was co-founder and CEO of D1 Oils, PLC where he developed D1 into the global market leader in biodiesel. D1 was successfully floated on London’s AIM stock market in October 2004.

Jessica Hatfield – Executive Vice-President, Sales and Marketing

Ms. Hatfield created The Media Vehicle in 1994, a company that provided advertising alternatives to traditional media. Her interests today lie in organizing initiatives for the advocacy of environmentally protected projects. She was recently elected to the United Nations Environmental Program Hall of Fame recognizing her work in the field of Amazon rainforest conservation.

Mike Starkie – Non-Executive Director

Mr. Starkie is group vice-president and chief accounting officer of oil giant, BP. He plays a leading role in BP’s mergers and Acquisitions and is also responsible for the group’s financial statements, SEC filings and other financial reporting requirements.

David Sonnenberg – Non-Executive Director

Mr. Sonnenberg is currently executive director of Energy Technologies Limited, a South African firm that is exploiting the potential of agricultural waste to produce renewable and sustainable electricity. He was director of D1 Oil and responsible for the agronomy development of Jatropha as a non-edible feedstock for the processing and production of biodiesel.

Dr. K. Muthuchelian – Chief Scientific Advisor for Biomass Energy Crops

Dr. Muthuchelian is currently the director for Biodiversity and Forest Studies, professor and head of the School of Energy, Environment and Natural Resources, and holds a “Doctor of Science” degree at Madurai Kamaraj University in Madurai, India.

Jack Dickey – Non-Executive Director

Mr. Dickey began his agriculture career in 1963 and founded the Dickey Seed Company in 1969. This company is now the largest producer, processor and marketer of certified soybean seed in the southeastern United States. In 1992, he bought a major stake in Guyana Timer Sales, a venture involved in the harvesting, milling and marketing of wood and wood products from a company-acquired 95,000 acre timber tract in Guyana.

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Clenergen Corp. (CRGE.OB) Creates Renewable Energy Solutions Using Biomass & Advanced Gasification Technologies

Tuesday, October 13th, 2009

Clenergen Corp., developer of innovative clean energy generation systems, has created a way to produce power, steam, hydrogen, and various other useful products, all through the use of advanced gasification and steam technologies. Instead of dealing with the issue of energy resources – specifically biomass processing – by simply applying engineering principles, Clenergen approaches it from an agronomy/microbiology and plantation management perspective. By so doing, the company is able to deliver a standard, uniform virgin biomass on a commercial scale, at regular intervals, for use in the generation of electricity.

The electricity is generated using proven gasification technology, which disintegrates the biomass releasing syngas. This can then be combusted to power gas turbine generators, or can be burned to release all tar while producing steam to run the turbine generators. The high levels of efficiency and energy conversion produces a consistent source of electricity, without any carbon emissions, resulting in carbon emission credits, the value of which can be applied toward offsetting the cost of production.

The technology has a rugged modular design, able to withstand adverse operating conditions, yet can produce from 8 megawatts per hour up to 100 megawatts per hour. Units of 8 MW create the most efficient economies of scale, and can be scaled up as the supply of biomass increases.

Clenergen Corporation India Private Limited, headquartered in Chennai Tamilnadu, India, is a wholly owned subsidiary of Clenergen Corporation, UK. The Indian subsidiary has been set up to produce high-density, short-rotation biomass crops on a commercial scale at a cost equal to or less than the price of coal (measured in terms of energy), and to produce power and other useful products using the advanced gasification and steam technologies.

Clenergen management recognized early on that there was a gap in the area of co-generation and co-gasification, using cultivated biomass in conjunction with standard hydrocarbon fuels. Using advanced gasification techniques, together with the controlled sourcing available with cultivated biomass, the company has achieved a vital component in the future of co-gasification.

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