Renova Energy (RVA) is a US-based company listed in London which specalises in producing ethanol from grain to add to petrol in order to lower emissions. Already profitable, turnover is expected to leap over the next couple of years as US legislation (passed yesterday - see RNS) requires a big increase in the use of ethanol based fuel. With enviromental rules tightening this Company could be in for a very profitable time. As usual DYOR.

This is a good example of bad management - Renova has gone to 3p.