StealthGas, Inc. (Nasdaq:GASS) announced its unaudited financial and operating results for the fourth quarter and twelve months ended December 31, 2010. Net income of $4.3 million or $0.21 per share and $11.1 million or $0.51 per share for the three months and twelve months ended December 31, 2010, respectively. Voyage Revenues of $29.1 million and $111.4 million for the three months and twelve months ended December 31, 2010, respectively. Adjusted EBITDA of $13.2 million and $45.1 million for the three months and twelve months ended December 31, 2010, respectively.
StealthGas Inc., through its subsidiaries, engages in the ownership of a fleet of liquefied petroleum gas (NYSE:LPG) carriers that provide international seaborne transportation services to LPG producers and users in Greece and internationally.
Biomass, which can be understood as regenerative (renewable) organic material that can be used to produce energy is one of the most abundant resources in the world.
By definition, it is the mass of living or recently dead plants and animals, along with their wastes.
This means that there is not a single square centimeter of Earth that does not contain some form of biomass that could be converted to energy.
CLNO announced that funding to be provided to Phoenix Energy for the commercialization of a 500 Kilowatt biomass gasification plant should be eligible to apply for a renewable energy cash back incentive program offered by the U.S. Federal Government.
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