Business Briefs

By Staff | March 20, 2015

The American Coalition for Ethanol board of directors has elected Ron Alverson of Dakota Ethanol LLC as president; Duane Kristensen of Chief Ethanol Fuels Inc. as vice president; Dave Sovereign of Golden Grain Energy LLC as secretary; and Owen Jones of Full Circle Ag Cooperative as treasurer. In addition, Lars Herseth of the Herseth Ranch and Scott Parsley of East River Electric Cooperative, have been elected to serve on the ACE executive committee.

Abengoa has appointed Ignacio Garcia Alvear co-chief financial officer responsible for investor relations and capital markets, effective Feb. 1. Alvear previously served as chief financial officer of Abengoa Bioenergy. He replaces Barbara Zubiria. Alvear joined Abengoa in 1995. Abengoa’s board of directors has also appointed current CEO Manuel Sánchez Ortega as first vice chairman , replacing José B. Terceiro. Independent director Antonio Fornieles Melero was selected to be lead director, second vice chairman and a member of the audit committee and the appointments and remuneration committee.

Green Biologics Ltd. has closed on a $42 million follow-on equity funding round coled by existing investors Swire Pacific Ltd. and Sofinnova Partners. Additionally, in conjunction with the closing of the Central MN Ethanol Co-op acquisition, certain CMEC shareholders elected to receive their sale proceeds in a debt and equity investment in Central MN Renewables LLC through a new surviving entity, Renewable Partners LLC. Ocean Park Advisors acted as a financial advisor to CMEC on the CMR consideration election structuring and process.

Ener-Core Inc. has won the 2014 New Economy Award for Best Air and Environment Solutions, which recognizes forerunners in the clean tech and renewable energy sectors. The company is a provider of power oxidation technology and equipment that generates clean power from low-quality waste gases. Pacific Ethanol recently entered into a contract with Dresser-Rand for two 1.75 MW gas turbines that utilizes Ener-Core technology to convert waste gases into on-site power for the ethanol plant.

Esker has announced the acquisition of TermSync, a cloud-based accounts receivable platform. TermSync develops and markets an innovative, collaborative portal enabling businesses to modernize their accounts receivable processes. 

Allete Inc. has signed a definitive agreement to purchase U.S. Water Services Inc. Allete will initially purchase 87 percent of U.S. Water for $168 million, based on a total implied enterprise value of $194 million. Current employees and management of U.S. Water will continue to own the remaining 13 percent. Allete will purchase the remaining the 13 percent interest in the future for a contingent amount based on U.S. Water’s future earnings.  

Microvi Biotechnologies Inc. has closed Series B funding that will help accelerate its growth as it continues commercial projects utilizing its innovative solutions in the water, wastewater and biobased products industries. SKion GmbH, the investment firm of German entrepreneur Susanne Klatten, acquired a minority stake in Microvi. The firm invests in cutting-edge technology in sectors such as material sciences and water.  

Dyadic International Inc. has appointed Michael Tarnok as chairman of the board of directors. He will also continue to serve on the company’s audit and compensation committees. He is the current chairman and former interim CEO of Keryx Biopharmaceuticals Inc. and a former senior executive of manufacturing and finance at Pfizer. 

Green Biologics Ltd. has appointed James J. Hohman to a nonexecutive director position on its board of directors.  Hohman was formerly president of Omnova Solutions’ performance chemicals business unit and a corporate senior vice president of Omnova. He has also held general management, business and marketing management positions with BP Chemicals and BFGoodrich. 

Lallemand Inc. has appointed Antoine Chagnon as president and CEO and William Nankervis as executive vice president and chief operating officer. Antoine Chagnon succeeds his father Jean Chagnon, who has served as CEO the past 34 years and will remain a board member and continue to support the company’s leadership team as one of its senior vice presidents and special advisors. Antoine Chagnon previously worked at Audi and at Siemens AG. Nankervis joined Anchor Yeast in 1992 and was serving as director of bakers yeast and baking specialities business when the company was acquired by Lallemand in 2006.

Dan Cummings has been appointed president of Poet-DSM Advanced Biofuels. Cummings will oversee day-to-day operations of Poet-DSM, represent the joint venture publicly, and coordinate functions between the parent companies. He will also act as the central point of contact for external relations, which includes all technology licensing activities for Poet-DSM worldwide. Cummings joins Poet-DSM after serving as president and director of INEOS New Planet BioEnergy, and as global vice president of commercial and external affairs for INEOS Bio. Previously he held senior business, corporate and legal positions at INEOS and BP.
Evogene Ltd. has announced that its recently developed comprehensive gene optimization program is being incorporated into its multiyear collaboration with Monsanto Co. The addition of these new capabilities, which have been designed to optimize desired trait efficacy and potentially accelerate product development, follows the successful identification and validation by Evogene of more than 1,000 genes that have entered Monsanto's product development pipeline. The collaboration, which was initiated in 2008 and extended in 2013, is focused on transgenic approaches for improved yield and enhanced stress tolerance in corn, soybean, cotton and canola.

Bob Gilmore has been appointed managing director and chief sales officer at Vecoplan LLC. He joins Len Beusse, managing director and chief operating officer, on the strategic planning team charged with positioning Vecoplan for sustainable long-term growth, as well as day-to-day management of the company. Gilmore’s responsibilities also include the supervision of all internal and external sales staff, and overseeing the expansion of Vecoplan markets.