Wall Street News Alert's "stocks to watch" this morning are:
CleanTech Biofuels, Inc. (OTCBB: CLTH), Apache Corporation (NYSE:
APA), National Oilwell Varco, Inc. (NYSE: NOV) and Chesapeake
Energy Corporation (NYSE: CHK).
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Continuing a string of positive news which began last week,
CleanTech Biofuels, Inc. (OTCBB: CLTH) should have investors
monitoring the stock closely. Yesterday after the markets closed,
the company issued a press release announcing that it has placed
its initial orders for equipment to be used at its first commercial
site located in Chicago, Illinois.
More great news! According to the release, CleanTech expects to
begin producing biomass from municipal solid waste for the
production of renewable energy in the near-term. Initially, the
biomass produced in Chicago will be co-fired with coal at existing
coal fired power plants operating in the Chicago area.
In other news, the company reported last week that it has
fulfilled its first milestone pursuant to its exclusive worldwide
sublicense agreement for technology developed at the University of
California, Berkeley for converting cellulose to ethanol.Under the
License Agreement, CleanTech is required to make payments to HFTA
upon meeting certain development milestones for validation and
commercialization of the technology. The first milestone, which was
recently met, required that CleanTech satisfactorily test the
technology using equipment developed at the University of
California, Berkeley and subsequently purchased by CleanTech, to
generate fermentable sugars from municipal solid waste at
efficiencies satisfactory to CleanTech.
The patented technology, initially developed and tested at the
University of California, Berkeley, utilizes nitric acid for
hydrolyzing cellulosic material, rather than sulfuric or
hydrochloric acid, for the production of ethanol and other fuels
from biomass in municipal solid waste. Sulfuric or hydrochloric
acid is typically used in the industry for hydrolyzing biomass;
however, CleanTech believes that nitric acid hydrolysis represents
the cutting edge of current technology in the cellulosic ethanol
industry. CleanTech also obtained a nonexclusive worldwide license
to use the technology for all other feedstocks for producing
ethanol.
The licensed technology is described in U.S. Patents No.
5221357, 5366558, 5536325, 5628830, and 6019900. The sublicense
agreement is with HFTA, a company formed by the developers of the
technology.
Also last week the company reported it has closed the merger of
Biomass North America Licensing, Inc. into its wholly-owned
subsidiary. CleanTech plans to move quickly to implement its newly
acquired technology at a commercial waste transfer station in
Chicago, Illinois to produce cellulosic biomass from municipal
solid waste. In cooperation with the owner of the site, the
permitting and approval process for construction of the plant is
underway.
The cellulosic biomass to be produced at the facility can be
used for a variety of purposes, including solid fuel for the
production of electricity in existing coal-fired power plants.
CleanTech has been approached by several utilities who desire to
purchase the biomass from the proposed Chicago plant for use in
existing power plants.
Investors are urged to continue to monitor the progress of the
company!
Before the news was released, the stock closed Monday at Sixty
One cents a share.
For a Wall Street News Alert video presentation and in-depth
profile of CleanTech Biofuels, visit:
http://www.prmediainc.com/CLTH/2
In case you are not familiar with the company: CleanTech
Biofuels, Inc. is a development stage company with technology that
the company believes is capable of converting municipal solid waste
into ethanol and other energy products. By using the existing
infrastructure for municipal solid waste collection and disposal to
collect biomass at low or possibly negative feedstock cost, the
Company expects to achieve profitability quickly relative to other
energy producers who must develop their infrastructure to collect
and transport more expensive feedstocks such as sugar cane, corn or
even switchgrass, wood waste, or corn stoverl.
Apache Corporation (NYSE: APA) up 10.3% on 7.2 million shares
traded. Apache Corporation is a large oil and gas independent with
operations in the United States, Canada, the United Kingdom sector
of the North Sea, Egypt, Australia and Argentina.
National Oilwell Varco, Inc. (NYSE: NOV) up 22.2% on 14.2 mllion
shares traded. National Oilwell Varco is a worldwide leader in the
design, manufacture and sale of equipment and components used in
oil and gas drilling and production operations, the provision of
oilfield services, and supply chain integration services to the
upstream oil and gas industry.
Chesapeake Energy Corporation (NYSE: CHK) up 13.9% on 40.8
million shares traded. Chesapeake Energy Corporation is the
third-largest producer of natural gas in the U.S. Headquartered in
Oklahoma City, the company's operations are focused on exploratory
and developmental drilling and corporate and property acquisitions
in the Fort Worth Barnett Shale, Fayetteville Shale, Haynesville
Shale, Mid-Continent, Appalachian Basin, Permian Basin, Delaware
Basin, South Texas, Texas Gulf Coast and Ark-La-Tex regions of the
United States.
Market Commentary:
"More relief at the pumps! Gasoline has fallen more than a dime
a gallon since Friday, hitting a national average of $2.92 on
Monday, according to auto club AAA, the Oil Price Information
Service and Wright Express," stated Sonja Rudd in Wall Street News
Alert's daily commentary continued at:
http://www.WallStreetNewsAlert.com.
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Grafico Azioni Clean Tech Biofuels (CE) (USOTC:CLTH)
Storico
Da Gen 2025 a Feb 2025
Grafico Azioni Clean Tech Biofuels (CE) (USOTC:CLTH)
Storico
Da Feb 2024 a Feb 2025