--(www.USEquityNews.com)-- 11/15/2007 - Alternative Energy industry alert provided by U.S. Equity News. Recently, in the case entitled Plumbers and Pipefitters Local 51 Pension Fund, On Behalf of Itself and Others Similarly Situated v Lyondell Chemical Company (NYSE: LYO), et al, the 80th District Court of Harris County, Texas, denied the plaintiff's request for a preliminary injunction to delay the vote of Lyondell's shareholders with respect to the Agreement and Plan of Merger among Basell AF, BIL Acquisition Holdings Limited and Lyondell. Lyondell's Special Shareholder Meeting will take place at 9 a.m. CST on Nov. 20, 2007, as previously announced.
Altair Nanotechnologies Inc. (NASDAQ: ALTI) announced recently that the recently passed Defense Appropriations Bill signed into law by President Bush on November 12, 2007, provides for $7 million in federal funding related to two of its ongoing advanced research and development projects. This confirms funding, which was prospectively discussed by the company on October 4, 2007. The first project, which is to receive $5 million, is directed toward a continuing project with the U.S. Navy involving the production of a 2.5-megawatt stationary power supply.
Ferro Corporation's (NYSE: FOE) Electronic Material Systems has combined several sub-business units into the newly-formed Electronic Packaging Materials (EPM) unit. The new EPM unit was formed to make it easier for customers to buy both performance-enhancing engineered formulations and cost-effective materials used to produce hybrid circuits, microelectronics, advanced packaging, and devices. "We've combined several product-focused businesses to provide a full range of options to meet all of our electronics packaging customers' needs with a single point of contact," said Jeffrey Edel, Business Director/General Manager, Ferro Electronic Material Systems.
ALL Fuels & Energy Company (OTCBB: AFSE) recently provided guidance with respect to its business strategy in light of the ongoing run-up in oil prices. The company's strategy is to rapidly grow its ethanol production to 500 million gallons of annual ethanol production through acquisitions and internal growth. The following are its current publicly announced potential transactions that represent approximately 150 million gallons of annual ethanol production.
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