Argan buys Gemma Power Systems

By | October 13, 2006
Argan Inc., a publicly traded holding company, signed a letter of intent to buy Gemma Power Systems, a Connecticut-based construction and engineering company involved in biodiesel, ethanol and other power energy systems. According to Argan, Gemma has projects worth approximately $200 million to be constructed in the next two years. Gemma, which will operate as a wholly owned subsidiary of Argan, is Argan's first venture into the renewable energy industry. Argan Chairman and CEO Rainer Bosselmann said Gemma was chosen for its "state-of-the-art biofuel refining technology."
 
 
Array ( [REDIRECT_REDIRECT_HTTPS] => on [REDIRECT_REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com [REDIRECT_REDIRECT_STATUS] => 200 [REDIRECT_HTTPS] => on [REDIRECT_SSL_TLS_SNI] => biodieselmagazine.com [REDIRECT_STATUS] => 200 [HTTPS] => on [SSL_TLS_SNI] => biodieselmagazine.com [HTTP_HOST] => biodieselmagazine.com [HTTP_CONNECTION] => Keep-Alive [HTTP_ACCEPT_ENCODING] => gzip [HTTP_X_FORWARDED_FOR] => 44.197.198.214 [HTTP_CF_RAY] => 7765e7b15b4e81bd-IAD [HTTP_X_FORWARDED_PROTO] => https [HTTP_CF_VISITOR] => {"scheme":"https"} [HTTP_USER_AGENT] => CCBot/2.0 (https://commoncrawl.org/faq/) [HTTP_ACCEPT] => text/html,application/xhtml+xml,application/xml;q=0.9,*/*;q=0.8 [HTTP_ACCEPT_LANGUAGE] => en-US,en;q=0.5 [HTTP_CF_CONNECTING_IP] => 44.197.198.214 [HTTP_CF_IPCOUNTRY] => US [HTTP_CDN_LOOP] => cloudflare [PATH] => /sbin:/usr/sbin:/bin:/usr/bin [SERVER_SIGNATURE] =>
Apache/2.2.15 (CentOS) Server at biodieselmagazine.com Port 443
[SERVER_SOFTWARE] => Apache/2.2.15 (CentOS) [SERVER_NAME] => biodieselmagazine.com [SERVER_ADDR] => 10.0.0.4 [SERVER_PORT] => 443 [REMOTE_ADDR] => 172.70.135.72 [DOCUMENT_ROOT] => /datadrive/websites/biodieselmagazine.com/ [SERVER_ADMIN] => [email protected] [SCRIPT_FILENAME] => /datadrive/websites/biodieselmagazine.com/app/webroot/index.php [REMOTE_PORT] => 35156 [REDIRECT_QUERY_STRING] => url=articles/1173/argan-buys-gemma-power-systems [REDIRECT_URL] => /app/webroot/articles/1173/argan-buys-gemma-power-systems [GATEWAY_INTERFACE] => CGI/1.1 [SERVER_PROTOCOL] => HTTP/1.1 [REQUEST_METHOD] => GET [QUERY_STRING] => url=articles/1173/argan-buys-gemma-power-systems [REQUEST_URI] => /articles/1173/argan-buys-gemma-power-systems [SCRIPT_NAME] => /app/webroot/index.php [PHP_SELF] => /app/webroot/index.php [REQUEST_TIME_FLOAT] => 1670506744.709 [REQUEST_TIME] => 1670506744 )