Pinnacle Renewable Energy to be Acquired by Drax Group Pinnacle Renewable Energy Inc. has announced that it has entered into an arrangement agreement with Drax Group and its wholly-owned subsidiary, Drax Canadian Holdings Inc., pursuant to which Drax will acquire all of the issued and outstanding common shares of Pinnacle in an all-cash transaction valued at C$831 million, including the assumption of net debt and Pinnacle's non-controlling interests in its joint ventures. | World’s Most Sustainable Glass Bottles Created in Ground-Breaking Biofuel Trial A revolutionary project undertaken by glass container manufacturer, Encirc, a Vidrala company, and industry research and technology organization, Glass Futures, has proven that new bottles are able to be made from 100% recycled glass, using only the energy from burning ultra-low-carbon biofuels. |