WNR, CLNO, KBW, HUN Stock Market Update from CRWEPicks.com
January 08 Jan 2012 | 10:48
Western Refining, Inc. (NYSE:WNR) HollyFrontier Corporation recently announced plans to expand capacity at its 31,000 barrel per day (”bpd”) Woods Cross, Utah refinery to 45,000 bpd with an expected completion in late 2014.
The expansion scope includes the relocation / revamp of crude, fluid catalytic cracking, and polymerization units from a subsidiary of Western Refining Inc.’s Bloomfield, NM refinery to Woods Cross as well an expansion of the Woods Cross diesel hydrotreater and investment in associated utilities and offsites. HFC has signed a definitive agreement for the purchase of the Bloomfield units with Western Refining. HFC expects incremental yields from the expansion project to be approximately 60% gasoline and 40% diesel. The Company expects the cost of this expansion to be approximately $225 million . The Company also expects that this expansion will have a payback period of less than two years.
Western Refining, Inc., through its subsidiaries, operates as an independent crude oil refiner and marketer of refined products in Texas, Arizona, New Mexico, Utah, Colorado, and the Mid-Atlantic region.
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Cleantech Transit Inc. (CLNO) Biomass energy is a growing source of energy in the United States and other countries around the world. It can be produced from many types of organic matter and the product can be used to provide a cleaner alternative to traditional electricity and transportation fuel sources.
Bioproducts are products that can be made from fossil fuels. These products general require a reduced amount of energy to create than petroleum-based products. If oxygen is present when heating biomass, more of the two gases produced. This process is called biosynthesis, and it can be utilized to create plastics and acids. These, in turn, can be used to create photographic films, textiles, and synthetic fabrics.
On the other hand, when biomass is heated without oxygen, pyrolysis oil is formed and phenol can be extracted from this formation. Wood adhesives, molded plastics, and foam insulation can then be created from phenol.
Cleantech Transit Inc. (”Cleantech”) (OTC.BB:CLNO) is pleased to announce it has met its funding requirement to secure the Company’s ability to earn in 25% of the 500KW Merced Project.
The Company is in the final stages of closing its initial interest in the Merced Project and is currently working on completing the necessary documentation and expects closing the transaction soon. As previously announced Cleantech has the option to earn up to 40% of the Merced Project and the Company plans to continue to work towards increasing its interest in the Merced Project as they move ahead.
Cleantech Transit Inc. was founded to capitalize on technology advances and manufacturing opportunities in the growing clean energy public transportation sector. The Company has expanded its focus to invest directly in specific green projects that could maximize shareholder value. Recognizing the many economic and operational advances of converting wood waste into renewable sources of energy, Cleantech Transit Inc. has selected to invest in Phoenix Energy (www.phoenixenergy.net).
By owning and maintaining your own on-site power plant that operates parallel to the existing power grid, you safeguard yourself against all power interruptions. When the grid is overwhelmed for any reason, you’ll still have all the power you need.
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KBW Inc. (NYSE:KBW), a full-service investment bank that specializes in the financial services sector, recently announced that investment bankers James Harasimowicz and Joseph Gulash have joined the firm as Managing Directors in the Depository Investment Banking Group. These hires represent a continuation of the firm’s investment in its core depositories business.
KBW, Inc., through its subsidiaries, operates as an investment bank specializing in the financial services industry in the United States, Canada, Europe, and Asia.
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Huntsman Corporation (NYSE:HUN) announced recently that it has acquired EMA Kimya Sistemleri Sanayi ve Ticaret A.S., a polyurethanes systems house in Istanbul , Turkey. The EMA systems house has the capacity to manufacture polyester polyols and blend MDI polyurethane systems used primarily in the insulation, automotive, adhesives, coatings, elastomers and furniture industries. 2010 revenues were approximately $17 million .
Huntsman Corporation engages in the manufacture and sale of differentiated organic and inorganic chemical products worldwide. Its products comprise a range of chemicals and formulations, which are marketed to consumer and industrial customers.
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Tags: biomass energy, Cleantech Transit, CLNO, Huntsman, KBW, Merced project, NYSE:HUN, NYSE:KBW, NYSE:WNR, Western Refining
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