Top Cdn BE: Bioamber in Trouble

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May 14, 2018,

Sixth Element is a boutique consulting firm, providing services on pro forma design and analysis, feasibility studies and business plans, technology/venture vetting and audits (see Projects for recent studies).  Our focus sectors are emerging biofuels and Indigenous bioeconomy ventures in the forestry sector, including lumber, logging and bioenergy.

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MONTREALMay 4, 2018 /CNW Telbec/ – BioAmber Inc. (OTCPK: BIOA) (“Bioamber” or the “company”) announces today that it filed a voluntary petition for relief under chapter 11 of the United States Bankruptcy Code and that its two Canadian subsidiaries, BioAmber Sarnia Inc. and BioAmber Canada Inc., filed a Notice of Intention (the “NOI”) to make a proposal under the Bankruptcy and Insolvency Act (Canada), with a view to strengthening the company’s financial health and solidifying its long-term business prospects… by Bioamber.

VANCOUVERMay 2, 2018 /CNW/ – Pinnacle Renewable Holdings Inc. (“Pinnacle” or the “Company”) (TSX: PL) today announced its financial results for its fiscal 2018 first quarter (“Q1 2018”) and that it has entered into new long-term, take-or-pay off-take contracts with new customers in Japan… by Pinnacle.

A Canadian company and a French firm are together planning to open a plant in Catalonia to turn solid urban waste into biofuel. The joint project involving Montreal-based firm Enerkem and the Suez utility company would see the new plant open in the southern town of El Morell, near Tarragona, under the name Ecoplanta Molecular Recycling Solutions. Permission to go ahead with the project was provided by the local authorities on Tuesday evening… by ACN.