Booming Biofuels Market Triggers $22.3 Million Investment in Targeted Growth, Inc.Infusion to accelerate deployment of increased-yield biofuel bi·o·fuel n. Fuel such as methane produced from renewable resources, especially plant biomass and treated municipal and industrial wastes. bi crops SEATTLE -- Targeted Growth, Inc. (TGI TGI Tribunal de Grande Instance TGI Target Group Index TGI Thank God It's Friday (US restaurant chain) TGI Tracheal Gas Insufflation TGI Tumor Growth Inhibition TGI Trato Gastrointestinal (Portugese) ) today announced it has raised $22.3 million to help the company meet the increased demand for its patented technologies. These technologies have demonstrated increased yields in multiple crops. Specifically, the company is focused on those crops (corn, soy and canola) that produce the raw material (feedstock) used for the production of renewable fuels Renewable fuels are alternative fuel sources such as ethanol, biodiesel (e.g. soy, vegetable oils, animal fats, or recycled restaurant greases) or hydrogen, in contrast to non-renewable fuels such as natural gas, LPG (propane). such as Ethanol and Biodiesel. TGI technology has been proven to increase yields by approximately 20 percent. "Many people support the development of alternative fuels from renewable sources such as plants," said Tom Todaro, TGI's Chief Executive Officer. "Our technology produces plants and seeds that are greater in both size and number. TGI technology will help meet the increasing national demand for biofuel crops in an efficient and sustainable manner." The oversubscribed Refers to connecting more users to a system than can be fully supported if all of them were using it at the same time. Networks and servers are almost always designed with some amount of oversubscription, counting on the fact that everybody does not need the service simultaneously. round was led by Capricorn Management and AllianceBernstein L.P. Capricorn Management is the investment firm of Jeff Skoll, the first employee and first President of eBay. AllianceBernstein L.P. is one of the world's largest publicly traded global asset management firms This is a list of corporations that provide financial asset management.
"Double-digit yield enhancements are unprecedented in the recent history of agriculture," said Ion Yadigaroglu, Managing Principal at Capricorn Management. "This is one of a handful of technologies that will allow biofuels to deliver on their promise to make an important contribution towards the global warming global warming, the gradual increase of the temperature of the earth's lower atmosphere as a result of the increase in greenhouse gases since the Industrial Revolution. challenge." Targeted Growth was founded in 1998 in Seattle. Its research focus has been on developing its proprietary and patented yield technology in the lab and testing it in large scale field trials. TGI has become a global leader in bioscience, forming strong commercial partnerships with leading agribusinesses, including to Monsanto (NYSE NYSE See: New York Stock Exchange :MON), the world's largest seed company. "Targeted Growth began when our scientists discovered genes that control plant growth," said Jim Roberts Jim Roberts can refer to
About Targeted Growth Targeted Growth, Inc. was founded in 1999 with a goal of developing technologies that would increase the productivity of existing farmland and create new crops for use on land otherwise unsuitable for agriculture. Today, Targeted Growth is a global leader in bioscience, having developed technologies that both increase seed size and yield in major biofuel crops. The company has strategic partnerships with leading researchers and agribusinesses around the world. Targeted Growth is based in Seattle, Wash. with labs in Seattle, Saskatchewan, Ottawa and New Brunswick New Brunswick, province, Canada New Brunswick, province (2001 pop. 729,498), 28,345 sq mi (73,433 sq km), including 519 sq mi (1,345 sq km) of water surface, E Canada. . More information is available at www.targetedgrowth.com. About Capricorn Management Capricorn is the investment arm of Jeff Skoll, who in 1996 became the first President and first fulltime employee of eBay. Mr. Skoll is also the founder of the Skoll Foundation, whose mission is to advance systematic change to benefit communities around the world by investing in, connecting, and celebrating social entrepreneurs; and founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of Participant Productions, which has garnered 12 Academy Award TM nominations for its films since 2005, including one for "An Inconvenient Truth" this year. About AllianceBernstein L.P. AllianceBernstein L.P. is a leading global investment management firm providing investment management services for many of the largest U.S. public and private employee benefit plans, foundations, public employee retirement funds, pension funds, endowments, banks, insurance companies and high-net-worth individuals worldwide. AllianceBernstein L.P. is also one of the largest mutual fund sponsors, with a diverse family of globally distributed mutual fund portfolios. Through its subsidiary, Sanford C. Bernstein & Co., LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , AllianceBernstein L.P. provides in-depth research, portfolio strategy and trade execution to the institutional investment community. |
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