http://au.dailynews.yahoo.com/finance/20020726/reutersfinance/1027652054-2953396267.html
"The SWERF technology being tested by Energy Developments recovers resources such as metals, glass and rigid plastics from the waste stream and then treats the remaining material using gasification. This produces syngas which is used to spark ignition engines which generate electricity." The whole article: Yahoo! Australia & NZ Finance Friday 26 July 12:54 PM Shares in Energy Developments jump 10.9 pct ADVERTISEMENT MELBOURNE, July 26 (Reuters) - Shares in renewable energy firm Energy Developments Australia (ASX: ENE) jumped 10.9 percent to A$3.66 on Friday following the sale of NRG Energy's 25.5 percent stake in the company for around A$78 million. As part of its withdrawal from the Asia-Pacific region NRG, a subsidiary of Xcel Energy XEL.N, sold its 14.6 million ordinary shares for A$3.30 per share to New Zealand energy asset managers Infratil Ltd (NZSE: IFT) and Orion New Zealand Ltd. Energy Developments then issued 8.3 million new ordinary shares to the two companies at A$4.13 per share, giving Infratil and Orion each a 9.99 percent stake in the renewable energy business. NRG's 16.9 million preference shares were bought back by Energy Developments for A$1.80 per share. NRG announced earlier this year that it was conducting a global review of its assets with a view to selling some in an attempt to improve liquidity and reduce debt. Analysts said the sale of NRG's stake in Energy Developments removed any uncertainty surrounding the company. "It has put some cornerstone investors into its shareholding which is a positive step forward," an analyst, who did not want to be named, said. "Obviously the market sees it as a positive because the new shareholders have done their due diligence and agree that SWERF (Solid Waste and Energy Recycling Facility) will work." The SWERF technology being tested by Energy Developments recovers resources such as metals, glass and rigid plastics from the waste stream and then treats the remaining material using gasification. This produces syngas which is used to spark ignition engines which generate electricity. "It comes down to SWERF and if they can get it off the ground then we should see a re-rating of the stock," the analyst said. ------------------------ Yahoo! Groups Sponsor ---------------------~--> Will You Find True Love? Will You Meet the One? Free Love Reading by phone! http://us.click.yahoo.com/7dY7FD/R_ZEAA/Ey.GAA/9bTolB/TM ---------------------------------------------------------------------~-> Biofuels at Journey to Forever http://journeytoforever.org/biofuel.html Biofuel at WebConX http://www.webconx.dns2go.com/2000/biofuel/biofuel.htm List messages are archived at the Info-Archive at NNYTech: http://archive.nnytech.net/ To unsubscribe from this group, send an email to: [EMAIL PROTECTED] Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
