Green Equity - July 11, 2024
News about stocks involved in environmental markets.
Green Equity is a daily series dedicated to tracking emerging investment opportunities in environmental markets. Notable events include green investments, fundraising, M&A, and new public listings.
News From Public Companies
ION announced that the Abaxx Commodity Futures Exchange and Clearinghouse (ABXX) has selected ION's XTP technology to support the development of new markets for the energy transition. XTP enables exchange clearing members to handle trades, perform real-time position valuations, margining, and commission calculations, and generate end-of-day settlement reports, ensuring robust and scalable post-trade clearing and risk solutions.
AFC Energy (AFC) announced successful test results of its ammonia cracker technology, enhancing the combustion and emissions performance of ammonia-fueled maritime engines. The technology demonstrated improved efficiency and reduced emissions using an 80:20 ammonia-to-cracked gas ratio. The ammonia cracker generates hydrogen on demand, creating a stable fuel gas stream for the engine. Their ENTICE project, with partners like MAHLE Powertrain and Nottingham University, will continue testing until March 2025.
Beam Global (BEEM) announced that a leading provider of solar-powered Transport Refrigeration Units (TRUs) has selected its energy storage solutions for usage in their systems. The customer is currently unnamed.
PureCycle Technologies (PCT), an emerging plastic recycling company, announced a successful trial run with MiniFIBERS and Beverly Knits, resulting in high-quality product samples made from PureCycle resin derived from post-consumer recycled (PCR) waste. MiniFIBERS used the resin to create fiber packages, which Beverly Knits then used to produce textiles for various markets.
Bee Vectoring Technologies International (BVT) has closed debt settlement agreements, issuing 7,409,715 common shares at $0.015 per share to settle $111,145.74 in debts with three creditors and one director. The Board approved this move, which aimed to preserve the company's limited cash reserves for working capital.
An update on company progress from the CEO of Origin Agritech (SEED), a Chinese agricultural technology firm: link