As the global demand for alternative and renewable fuels rises due to increasing traditional resource costs and an increasingly environmentally conscious economy, leaders within the alternative gas industry aim to capitalise through sales and market expansion.
The industry is poised to receive a significant boost both from the private and public sectors as the demand for renewable gases and more efficient energies increases. The alternative/major chemical companies in focus with current and recent developments include: The Chemours Company, Air Products and Chemicals, Inc., Gevo, Inc. and Platform Specialty Products Corporation.
The Chemours Company closed up on Wednesday 4 January 2017 at US$22.21 trading over 34.7 million shares by the market close. The Chemours Company provides performance chemicals in North America, the Asia Pacific, Europe, the Middle East, Africa, and Latin America.
Air Products and Chemicals, Inc. closed up on Wednesday 4 January 2017 US$144.65 trading over 2 million shares by the market close. Air Products and Chemicals, Inc. provides atmospheric gases, process and specialty gases, electronics and performance materials, equipment, and services worldwide.
Gevo, Inc. closed up over 13% on Wednesday 4 January 2017 trading over 9.8 million shares by the market close. GEVO announced last week that it will effect a 1-for-20 reverse stock split previously approved by the company's stockholders at a special meeting held on 14 December 2016. The 1-for-20 reverse stock split will be effective as of the close of business on 5 January 2017 and the company's common stock will begin trading on a split-adjusted basis on 6 January 2017.
Platform Specialty Products Corporation closed up on Wednesday 4 January 2017 at US$10.16 trading over 4 million shares by the market close. Platform Specialty Products produces and sells specialty chemical products in the Americas, the Asia-Pacific, and Europe. It operates through two segments, Performance Solutions and Agricultural Solutions.
Read the article online at: https://www.hydrocarbonengineering.com/clean-fuels/06012017/global-renewable-fuels-set-for-growth/