Stock Deal to Focus on Biofuel Production in Dominican Republic
September 4, 2013Press release: http://www.marketwire.com/press-release/terreno-resources-corp-acquire-dominican-renewables-inc-focus-on-biofuel-production-tsx-venture-tno-1824951.htm
| |
Canadian mining exploration and development company Terreno Resources has signed a memorandum of understanding with Dominican Renewables, Inc. (DRI) toward share acquisition that will focus on biofuel production in the Dominican Republic.
The deal, worth around $2.5 million, would make DRI a wholly-owned subsidiary of Terreno, which will then concentrate on biofuel production in the Dominican Republic region while also expanding local mineral exploration projects.
The Santo Domingo-based DRI anticipates initial biofuel production in early 2014 with full production planned for 2015. The planned project with currently secured land for feedstock production can generate yearly up to 10 million gallons of biodiesel.
| |
Biotech Updates is a weekly newsletter of ISAAA, a not-for-profit organization. It is distributed for free to over 22,000 subscribers worldwide to inform them about the key developments in biosciences, especially in biotechnology. Your support will help us in our mission to feed the world with knowledge. You can help by donating as little as $10.
-
See more articles:
-
News from Around the World
- Global Roundtable to Discuss Access to Information and Public Participation on GMOs
- Agri-biotech Laboratory Set Up in Ghana
- BMGF Funds Research Facility to Study Maize Lethal Necrosis in Africa
- NABDA DG: Biotechnology Key to Addressing Global Food Insecurity
- Quest for the Missing Nitrogen-Fixing Bacteria
- Researchers Find Way to Improve Plant Defenses without Negative Impact on Growth
- Scientists to Develop New Soybean Varieties
- Sorghum Genome Insights to Benefit Crop Improvement
- Bangladeshi Scientists Decode Local Jute's Genome
- Vietnam-UK Team Decode Vietnamese Rice Genomes
- Researcher Reveals Secrets of Pineapple Nutrition
- India's Premier Science Academy Supports GM Crops
- EU Scientists: Animal Testing Not Necessary to Ensure Safety of GM Crops
- Royal Society Supports Research on the 'Hidden Half' of Plants
- Spread of Crop Pests Threatens Global Food Security
- Scientists to Improve Yield of Moss' Recombinant Proteins
-
Research Highlights
- Pyramiding of Bt Genes into Cabbage Confers Effective DBM Control
- Scientists Assess Outflow of Bt Cotton Transgenes in Burkina Faso
-
Beyond Crop Biotech
- Scientists Decode Hamster Genome
-
Announcements
- 2nd Conference on Cereal Biotechnology and Breeding
-
Read the latest: - Biotech Updates (May 2, 2024)
- Gene Editing Supplement (April 24, 2024)
- Gene Drive Supplement (February 22, 2023)
-
Subscribe to BU: - Share
- Tweet