Sustainability is now the aim of most economies across the world and one of the sectors which offer that are companies that are involved in the circular economy. The companies are focused on recycling and reusing components and sending them back into circulation. Here is a quick look at Four (4) companies in the circular economy that offer sustainability.
SusGlobal Energy Corp (OTC: SNRG) - The management of the company is focused on growing it into a major sustainable waste-to-energy and regenerative products-providing entity. Eventually, it seeks to become a trusted name in the field of soil, fertilizer, and agriculture markets, thereby becoming a major player in the circular economy.
Recently, SusGlobal Energy Corp announced its financial results for the first fiscal quarter that ended on March 31, 2023, show a 14% year-on-year increase. The rise in revenues was primarily generated through its’s organic waste processing and composting facility.
Houston Natural Resources Corp (OTC: HNRC) – The company owns oil and gas properties and a waste-water treatment plant. The diversified energy company has interests in both oil and gas in addition to wastewater treatment facilities. The company’s Halff Oil Field in Texas boasts 83 oil wells and has an estimated reserve of 33 million barrels of oil and water treatment and appraised reserves of $69 million.
Recently the company provided an update with regard to the plan to sponsor and invest in a Special Purpose Acquisition Corporation (“SPAC”). The company announced that it had acquired an interest in CE Energy Sponsors LLC. CE Energy Sponsors is also the sponsor of CE Energy Acquisition Corp (CEAC), which had filed a registration statement worth $100 million for a special purpose acquisition corporation.
Moreover, the company confirmed that the spinoff of the company Worldwide Diversified Holdings Inc was going to become effective the next day. The entity was going to combine the company's legacy businesses in the fields of telecom, consulting, and software. That would enable Houston Natural Resources Corp to concentrate solely on its energy businesses.
Gevo Inc (NASDAQ: GEVO) - The company is involved in transforming carbon and renewable energy into liquid hydrocarbons which are energy dense. The hydrocarbons could be used for drop-in transportation fuels like diesel fuel, gasoline, and jet fuel, which could then emit net zero greenhouse gas when burned. The net zero emissions would be measured across the entire life cycle of the products in question.
On May 30 Gevo Inc was in the news cycle when it announced that it had authorized a stock buyback program. As per the provisions of the program, the company was going to repurchase a maximum of $25 million worth of its common stock. The program aimed to allow the company to opportunistically repurchase its shares while at the same time keeping its ability to fund new projects intact.
Sunworks Inc (NASDAQ: SUNW) - Since 2002 the company has been responsible for providing high-performance battery storage and solar solutions. In 2021, it completed the acquisition of Solicus to expand its presence nationally and provide its solutions to a wide range of sectors.
On June 8, Sunworks Inc announced that it had gone into a definitive agreement with an ESG focussed institutional investor for the sale and purchase of 4,050,000 shares of its common stock in a registered direct offering. The shares had been priced at $1.14 each. The offering had been scheduled for closing on or before June 9, 2023, as long as the customary conditions had been met.
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