{"id":13698,"date":"2004-09-17T00:00:00","date_gmt":"2004-09-16T22:00:00","guid":{"rendered":"http:\/\/www.bio-based.eu\/news\/index.php?startid=20040917-03n"},"modified":"2004-09-17T00:00:00","modified_gmt":"2004-09-16T22:00:00","slug":"mems-usa-inc-and-accelon-energy-systems-have-agreed-on-terms-to-form-a-joint-venture-to-build-and-operate-a-biomass-to-ethanol-processing-plant","status":"publish","type":"post","link":"https:\/\/renewable-carbon.eu\/news\/mems-usa-inc-and-accelon-energy-systems-have-agreed-on-terms-to-form-a-joint-venture-to-build-and-operate-a-biomass-to-ethanol-processing-plant\/","title":{"rendered":"MEMS USA, Inc. and Accelon Energy Systems Have Agreed on Terms to Form a Joint Venture to Build and Operate a Biomass-to-Ethanol Processing Plant"},"content":{"rendered":"<p>LOS ANGELES-Sept. 16, 2004 &#8211; <a href=\"http:\/\/www.memsusa.com\/\" >MEMS USA, Inc.<\/a> (OTCBB:MEMS), is a developer and manufacturer of advanced engineered products and services for the oil, natural gas and power generation industries. Its core technologies are acousto-electronic sensors, fluid metering and blending systems and eco-friendly, reusable particle removal fluid purification systems. It is pleased to announce today that it has agreed upon terms with Accelon Energy Systems upon which to form a joint venture to engineer, design, procure, build, own, operate and maintain a biomass-to-ethanol processing plant in Canada. The preliminary budget for this plant is $150,000,000 with a projected production capacity of approximately 160,000 gallons of synthesized ethanol per day. MEMS USA is to act as the general contractor of the project to the joint venture. <\/p>\n<p>Under the proposed terms of the joint venture Accelon Energy Systems&#8217; responsibilities will include:<\/p>\n<ul>\n<li>Business Plan for ethanol procurement, distribution, sales, use and storage in Canada.<\/li>\n<li>Sourcing of biomass raw materials.<\/li>\n<li>Government relations including financial incentives, ethanol and blended product sales contracts, regulatory affairs and ethanol import\/export deals.<\/li>\n<li>Biomass-to-ethanol plant site procurement.<\/li>\n<li>Operation of the first biomass-to-ethanol plant.<\/li>\n<li>Financial arrangements for all of the above.<\/li>\n<\/ul>\n<p>MEMS USA, Inc.&#8217;s responsibilities would include:<\/p>\n<ul>\n<li>Engineering and business assessment of biomass-to-ethanol process technologies.<\/li>\n<li>Selection of the optimal process, equipment and operating procedures for the biomass-to-ethanol plant.<\/li>\n<li>Funding of engineering, design, procurement, construction and commissioning of the first biomass-to-ethanol plant.<\/li>\n<li>Plant operations analysis and process\/equipment design improvements.<\/li>\n<\/ul>\n<p>Safe Harbor Disclosure: The statements made in this press release contain certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 that involve a number of risks and uncertainties. Actual events or results may differ from the company&#8217;s expectations. In addition to the matters described in this press release, risk factors listed from time to time in the company&#8217;s reports and filings with the Securities and Exchange Commission may affect the results achieved by the Company.<\/p>\n<p><a href=\"http:\/\/www.memsusa.com\/\" >MEMS USA, Inc.<\/a><br \/>Jens Dalsgaard<br \/>Phone 415-884-0348<\/p>\n","protected":false},"excerpt":{"rendered":"<p>LOS ANGELES-Sept. 16, 2004 &#8211; MEMS USA, Inc. (OTCBB:MEMS), is a developer and manufacturer of advanced engineered products and services for the oil, natural gas<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_robots_primary_cat":"","nova_meta_subtitle":"","footnotes":""},"categories":[5572],"tags":[],"supplier":[],"class_list":["post-13698","post","type-post","status-publish","format-standard","hentry","category-bio-based"],"_links":{"self":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/13698","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/comments?post=13698"}],"version-history":[{"count":0,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/posts\/13698\/revisions"}],"wp:attachment":[{"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/media?parent=13698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/categories?post=13698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/tags?post=13698"},{"taxonomy":"supplier","embeddable":true,"href":"https:\/\/renewable-carbon.eu\/news\/wp-json\/wp\/v2\/supplier?post=13698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}