Rosewood Private Investments | January 19, 2022
Rosewood Private Investments is pleased to announce the acquisitions of American Petroleum Sales and Service and Petroleum Equipment Company, Inc. which will be held under the new holding company, StationServ.
AMPET, headquartered in Southaven, Mississippi, is a petroleum equipment distributor with full-service installation, distribution, and servicing capabilities. Founded by Gary Murphy in 1990, the company operates out of four branch locations in Mississippi, Arkansas, and Tennessee.
Originally founded in 1944, PECO is a leading petroleum equipment distributor and service company based in Richland, Mississippi, with customers in multiple states in the Southeast. Forrest Rhemann is a third-generation owner and has served as the company’s CEO for nearly 40 years.
“By combining the businesses, we are able to extend the service offerings to both existing and new customer relationships. Additionally, we look forward to adding additional companies under the StationServ umbrella. Gary and Forrest have worked to build diverse companies with strong teams and loyal customers, and we are excited to see the combined companies grow together.”
G.T. Barden, Managing Director of RPI
AMPET and PECO are both distributors for the largest fuel dispenser OEM, Gilbarco. Their territories are geographically contiguous and will combine to allow the company to better service its customers.
Infinity Capital Partners served as exclusive investment banking advisor to Rosewood.
About Rosewood Private Investments
Rosewood has a long history of investing in and creating value within numerous industries. RPI’s approach to working with operating partners to strategically grow companies through acquisitions and organic means has proven successful for all stakeholders. Our current holdings are focused on industrial services, fire & life safety services, IT services, and manufacturing technologies. In addition to these areas, we are pursuing new platforms in specialty chemicals, transportation & logistics, and outsourced business services, among others. We welcome any information about investment opportunities within these verticals.
Triangle Lithium LLC | March 29, 2022
Triangle Lithium LLC is pleased to announce that its subsidiary, Triangle Lithium Argentina, SA a joint venture with Lithium Energi Argentina, SA has finalized and executed all the contracts required to kick off its drilling campaign in the Antofalla Salar in Catamarca Province, Argentina. Work will commence in the next ten days.
Trila finalized the execution of contracts with Dorado Exploraciones y Servicios, a mining services contractor owned by the former Secretary of Mines for Catamarca Province, Rodolfo Micone. Resulting from relationships derived during his many years as the head of SEM, Sr. Micone is one of the most well-known mining industry experts in the region and has hand-picked the "best of the best" for the subcontractor group being engaged for the implementation of the Campaign. Central to the sub-contracting group is Hidrotec, SRL, perhaps the most experienced salar drilling company in Argentina.
The Campaign will initially undertake 2,400 meters of drilling in six "diamantinas," narrow diameter, core holes drilled with diamond drill bits to obtain and extract physical cores samples. The average total depth ("TD") per well is anticipated to be 400 meters; however deeper horizons may also be explored based on real-time field results. The core samples will reveal porosity, permeability, and chemical analysis critical for development planning and resource valuation. Core samples are planned for analysis at Geosystems Analysis, Inc. in Tucson, Arizona, one of the foremost analytical laboratories in the world for analyzing lithium brine core samples.
After tagging bottom at TD, packer tests will be conducted from bottom hole up to surface to obtain sizable quantities of brine. Brine sample analysis will be conducted at Alex Stewart Laboratories to yield a complete spectroscopic analysis of brine chemistry and lithium concentrations.
In addition, a minimum of 10,000 gallons of brine obtained during the Campaign will be sent to Triangle's technology provider, International Battery Metals to run through its direct lithium (DLE) extraction plant to determine verifiable lithium extraction rates and other critical determinations. Moreover, these tests will enable IBAT to tailor its modular DLE plant for the particular chemistry of Trila's properties in Antofalla for maximum efficiency and efficacy.
The Antofalla basin is a long, narrow, fault-based graben – identified as one of the world's largest entrapment depressions hosting lithium-bearing brine – and its total depth is not well known. Published data from drilling campaigns executed by other exploration companies on claims near the JV's claims in the Antofalla Salar have reportedly yielded indications of significant volumes of lithium-bearing brine with concentrations ranging from 350 to 650 ppm.
Trila has engaged a highly-experienced team to plan, execute, and analyze the Campaign, including qualified persons designated to govern the sampling and testing protocols. Australian QP Murray Brooker, a well-known professional with many years of hands-on salar drilling knowledge in Argentina, will lead those aspects of the Campaign. Based on field results obtained during the Campaign, Trila may elect to expand the Campaign to include multiple rotary wells, which are larger diameter wells suited for implementation of long-term pumping tests that are requisite to determining the drawdown and recharge rates related to brine extraction from the subterranean aquifers. At its conclusion and based on the data obtained from the core samples and pump tests, the Campaign is expected to yield an NI. 43-101 resource estimate, which the company believes could be ready for publication in Q4 of 2022.
"We are proud beyond words to have assembled, in record time, a world-class team to undertake this initial drilling campaign in the Antofalla Salar. And we are confident that once undertaken, the Campaign will yield results that validate our belief that Antofalla is one of the world's great lithium resources."
Triangle's CEO, Ali Rahman
Sorcia Metal Corporation CEO and Triangle's Chairman, Daniel Layton, stated that "With our ability to utilize Sorcia's IBAT technology license, we see the potential for actual lithium production as achievable in our near-term horizon, possibly as early as Q1 2023, emerging right when the world needs these commodities the most."
Virox Technologies Inc. | April 22, 2022
Since its creation of Accelerated Hydrogen Peroxide® in 1998, Virox Technologies Inc.™ has been relied on by leading infection prevention and biosecurity experts worldwide and their innovations regarded as the new standard in disinfectant safety, efficacy, and environmental sustainability. Today, Virox announces its development of Citr-IQ™, a new innovative patented disinfectant technology for professional use.
Citr-IQ is a synergistic blend of ingredients that effectively kills pathogens using one of nature's primary antimicrobials, citric acid, while remaining gentle on users, materials, and the environment. By harnessing the natural disinfectant power of citric acid, Citr-IQ maintains the balance of efficacy and safety that Virox antimicrobial technologies are known for while advancing performance in sustainability and material compatibility.
"As a research driven company, we are committed to innovating, developing, and improving sustainable disinfectants that allow our users to reduce their environmental impact while providing a superior efficacy and safety profile that disrupts the status quo. I challenged our Research & Development team with further advancing our product safety, efficacy, and sustainability beyond that of AHP, and they delivered. Citr-IQ truly represents the next chapter in Virox innovation."
Randy Pilon, Virox President and CEO
When asked why citric acid was chosen as an active ingredient, Faraz Alderson, Virox Chief Science Officer, explains, "As a natural compound, citric acid's characteristics met our stringent criteria of delivering unmatched safety and microbial potency and providing the dual action of cleaning and disinfecting. It was the perfect natural compound to develop our formulations with."
Citr-IQ's synergistic chemistry is powerful enough to eliminate pathogens of concern, and its superior compatibility makes it safer for numerous surfaces and devices and allows for eco-friendly material and packaging options. Further expanding its sustainability profile, the ingredients in Citr-IQ are biodegradable and non-toxic, having no negative impact on the environment.
"We've enhanced the safe and natural disinfecting properties of citric acid to engineer a technology that outperforms other hospital grade disinfectants on the market," says Lee Nesbitt, Executive Vice President of Commercial Markets. "We have not compromised in its development but have focused on strengthening the ideal disinfectant attributes that set our innovations apart. We are excited to be announcing our new patented technology and working to bring Citr-IQ to Infection Preventionists and their facilities."
Virox's new Citr-IQ disinfectant technology is patented and proven effective against pathogens of concern, including SARS-CoV2, ESBLs, Norovirus, and Candida auris, and is the first citric acid-based tuberculocidal disinfectant with a contact time of ≤1-minute. Several Citr-IQ formulations are currently going through regulatory approval by the US EPA and Health Canada, and professionals can anticipate their arrival in late 2023.
About Virox Technologies Inc.
Virox Technologies Inc.™ is a disruptive chemical engineering and disinfectant innovator who set a new standard in disinfection in 1998 with the patented technology, Accelerated Hydrogen Peroxide®. Since then, we have continued to innovate and deliver the world's safest, most effective, and eco-conscious disinfectants and elevate the understanding of proper disinfection and infection prevention. Our trusted technologies and products are relied on in more than 70 countries across human and animal health industries, eliminating dangerous pathogens and providing a safer and greener alternative for people, animals, and the planet.
Aemetis, Inc. | March 16, 2022
Aemetis, Inc. a renewable fuels company focused on negative carbon intensity products, announced that an offtake agreement has been signed with Qantas Group and Qantas Airlines for 35 million gallons of blended sustainable aviation fuel to be delivered over the 7 year term of the agreement. The value of the contract including incentives is approximately $250 million.
Sustainable aviation fuel provides significant environmental benefits compared to petroleum jet fuel, including a lower lifecycle carbon footprint and reduced contrails. The blended sustainable aviation fuel to be supplied under this agreement is 40% SAF and 60% Petroleum Jet A to meet international blending standards.
This supply agreement with Aemetis builds on Qantas’s expanding effort for a future of net zero emissions by 2050.
“Climate change is front of mind for Qantas, our customers, employees and investors, and it is a key focus for us as we move through our recovery from the pandemic. Operating our aircraft with sustainable aviation fuel is the single biggest thing we can do to directly reduce our emissions.”
Qantas Group CEO Alan Joyce
The sustainable aviation fuel is expected to be produced by the Aemetis renewable jet/diesel plant under development on a 125-acre former U.S. Army Ammunition production plant site in Riverbank, California. The blended sustainable aviation fuel is scheduled to begin deliveries to Qantas in 2025.
“The use of sustainable aviation fuel by Qantas is another step toward lowering the environmental impact of aviation,” stated Eric McAfee, Chairman and CEO of Aemetis. “Our supply of SAF to the San Francisco International Airport is supported by the California Low Carbon Fuel Standard, creating new investment and jobs in disadvantaged minority communities in the state.”
Powered by 100% renewable electricity, the Aemetis Carbon Zero production plant at the Riverbank plant site is designed to sequester CO2 from the production process using injection wells, significantly reducing the carbon intensity of the renewable fuel.
Aemetis has a mission to transform renewable energy with below zero carbon intensity transportation fuels. Aemetis has launched the Carbon Zero production process to decarbonize the transportation sector using today’s infrastructure.
Aemetis Carbon Zero products include zero carbon fuels that can “drop in” to be used in airplane, truck, and ship fleets. Aemetis low-carbon fuels have substantially reduced carbon intensity compared to standard petroleum fossil-based fuels across their lifecycle.
Headquartered in Cupertino, California, Aemetis is a renewable natural gas, renewable fuel and biochemicals company focused on the acquisition, development and commercialization of innovative technologies that replace petroleum-based products and reduce greenhouse gas emissions. Founded in 2006, Aemetis has completed Phase 1 and is expanding a California biogas digester network and pipeline system to convert dairy waste gas into Renewable Natural Gas. Aemetis owns and operates a 65 million gallon per year ethanol production facility in California’s Central Valley near Modesto that supplies about 80 dairies with animal feed. Aemetis also owns and operates a 50 million gallon per year production facility on the East Coast of India producing high quality distilled biodiesel and refined glycerin for customers in India and Europe. Aemetis is developing the Carbon Zero sustainable aviation fuel (SAF) and renewable diesel fuel biorefineries in California to utilize distillers corn oil and other renewable oils to produce low carbon intensity renewable jet and diesel fuel using cellulosic hydrogen from waste orchard and forest wood, while pre-extracting cellulosic sugars from the waste wood to be processed into high value cellulosic ethanol at the Keyes plant. Aemetis holds a portfolio of patents and exclusive technology licenses to produce renewable fuels and biochemicals.