After the House and Senate passed bills
including an extension of the alternative fuel mixture and
biodiesel tax credit program , alternative fuel producers assumed that
Congress would act quickly to put the legislation into a form that could be
Valero Energy Corp. (NYSE: VLO) recently announced its role in a $60 million financing for Montreal-based Enerkem, Inc. along with existing Enerkem investors Waste Management, Rho Ventures , Braemar Energy Ventures and Cycle Capital.
The economics of fuel cells are improving each year, according to Pike Research , which forecasts that global revenues will more than double over the next few years, from $336m in 2009 to $716m in 2013, according to reports. Pike Research’s analysis...