TORONTO--(BUSINESS WIRE)--$DYA #GHG--dynaCERT Inc. (TSX: DYA) (OTCQX: DYFSF) (FRA: DMJ) ("dynaCERT" or the "Company") is pleased to announce that it has been notified of the recent progress update in dynaCERT’s application under Verra’s Verified Carbon Program (the “VCS Program”).

VVB Audit:
Under the VCS Program, auditors known as validation and verification bodies (VVBs) are tasked with assessing projects against the VCS Program rules and the requirements of the applied methodology.

Following the recently announced publication of dynaCERT’s proposed methodology in respect of its Carbon Credit certification (See Press Release dated October 18, 2021), Verra has indicated to dynaCERT that the next step will be its VVB audit. Verra is submitting a request for proposals to their list of auditors this week.

Independent Auditing:
All VCS projects are subject to desk and field audits by both qualified independent third parties and Verra staff to ensure that standards are met and methodologies are properly applied.

VVBs are qualified, independent third parties which are approved by VCS to perform validation and verification. This independent assessment process is critical to ensuring the integrity of the projects registered with the VCS Program.

Currently, more than twenty VVBs located across five continents are approved under the VCS Program. VVBs are accredited to work in specific sectoral scopes, meaning their expertise is geared directly toward the types of projects they audit.

VVBs are eligible to provide validation and verification services under the VCS Program if they have signed the required agreement with VCS and are accredited by a VCS-recognized accreditation body.

The VCS Program:
The VCS Program is the world’s most widely used voluntary GHG program. Nearly 1,700 certified VCS projects have collectively reduced or removed more than 630 million tonnes of carbon and other GHG emissions from the atmosphere.

Jean-Pierre Colin, Executive Vice President & Director of dynaCERT, stated, “In Canada and worldwide, Carbon Credits and Carbon Offsets play a paramount role in advancing a cleaner planet. dynaCERT’s commitment to working with Verra to achieve global Greenhouse Gas reductions aligns with the stated objectives of the United Nations which were approved by over 160 Nations globally in Article 6 of the Paris Agreement. Our GHG reduction initiatives also support dynaCERT’s target markets such as mining, oil and gas, transportation, utilities, municipalities, sovereign governments, construction, marine, rail, power generation, building, farming, heavy equipment industries and many others.”

About Verra:
Verra is a global leader helping to tackle the world’s most intractable environmental and social challenges by developing and managing standards that help the private sector, countries, and civil society achieve ambitious sustainable development and climate action goals. Verra’s global standards and frameworks serve as linchpins for channeling finance towards high-impact activities that tackle some of the most pressing environmental issues of our day. Website: www.verra.org

About dynaCERT Inc.

dynaCERT Inc. manufactures and distributes Carbon Emission Reduction Technology along with its proprietary HydraLytica™ Telematics, a means of monitoring fuel consumption and calculating GHG emissions savings designed for the tracking of possible future Carbon Credits for use with internal combustion engines. As part of the growing global hydrogen economy, our patented technology creates hydrogen and oxygen on-demand through a unique electrolysis system and supplies these gases through the air intake to enhance combustion, which has shown to lower carbon emissions and improve fuel efficiency. Our technology is designed for use with many types and sizes of diesel engines used in on-road vehicles, reefer trailers, off-road construction, power generation, mining and forestry equipment. Website: www.dynaCERT.com.

READER ADVISORY

Except for statements of historical fact, this news release contains certain "forward-looking information" within the meaning of applicable securities law. Forward-looking information is frequently characterized by words such as "plan", "expect", "project", "intend", "believe", "anticipate", "estimate" and other similar words, or statements that certain events or conditions "may" or "will" occur. Although we believe that the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. We cannot guarantee future results, performance of achievements. Consequently, there is no representation that the actual results achieved will be the same, in whole or in part, as those set out in the forward-looking information.

Forward-looking information is based on the opinions and estimates of management at the date the statements are made and are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those anticipated in the forward-looking information. Some of the risks and other factors that could cause the results to differ materially from those expressed in the forward-looking information include, but are not limited to: uncertainty as to whether our strategies and business plans will yield the expected benefits; availability and cost of capital; the ability to identify and develop and achieve commercial success for new products and technologies; the level of expenditures necessary to maintain and improve the quality of products and services; changes in technology and changes in laws and regulations; the uncertainty of the emerging hydrogen economy; including the hydrogen economy moving at a pace not anticipated; our ability to secure and maintain strategic relationships and distribution agreements; and the other risk factors disclosed under our profile on SEDAR at www.sedar.com. Readers are cautioned that this list of risk factors should not be construed as exhaustive.

The forward-looking information contained in this news release is expressly qualified by this cautionary statement. We undertake no duty to update any of the forward-looking information to conform such information to actual results or to changes in our expectations except as otherwise required by applicable securities legislation. Readers are cautioned not to place undue reliance on forward-looking information.

Neither the Toronto Stock Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Toronto Stock Exchange) accepts responsibility for the adequacy or accuracy of the release.

On Behalf of the Board

Murray James Payne, CEO

Jim Payne, CEO & President
dynaCERT Inc.
#101 – 501 Alliance Avenue
Toronto, Ontario M6N 2J1
+1 (416) 766-9691 x 2
jpayne@dynaCERT.com

Investor Relations
dynaCERT Inc.
Nancy Massicotte
+1 (416) 766-9691 x 1
nmassicotte@dynaCERT.com

HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced two transactions intended to core up the important Asia-Pacific segment of its diverse global portfolio.

The company announced it has entered into an agreement to sell the subsidiary that indirectly owns the company’s 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company. The sale to MedcoEnergi for $1.355 billion is subject to customary adjustments and is expected to close in early 2022, subject to certain conditions precedent. The Indonesia assets being sold produced approximately 50 thousand barrels of oil equivalent per day (MBOED) for the nine months ended Sept. 30, 2021, and had year-end 2020 proved reserves of approximately 85 million barrels of oil equivalent. The effective date for the transaction will be Jan. 1, 2021.

In addition, through its Australian subsidiary, the company announced that it has notified Origin Energy that it is exercising its preemption right to purchase up to an additional 10% shareholding interest in Australia Pacific LNG (APLNG) from Origin Energy for up to $1.645 billion, which will be funded from cash on the balance sheet, subject to customary adjustments. The ConocoPhillips subsidiary currently holds a 37.5% APLNG shareholding interest and would own 47.5% of APLNG upon closing if the other relevant APLNG shareholder does not exercise its preemption rights. The transaction is expected to close in the first quarter of 2022 and is subject to Australian government approval. ConocoPhillips’ full-year 2020 production from APLNG was approximately 115 MBOED, and full-year 2021 distributions are expected to be approximately $750 million, excluding distributions resulting from any additional shareholding interest arising from preemption. The effective date of the transaction will be July 1, 2020.

“Today’s announcement reflects our ongoing commitment to further strengthen our company across every aspect of our global portfolio,” said Ryan Lance, ConocoPhillips chairman and chief executive officer. “The Asia Pacific region plays an important role in our diversification advantage as an independent E&P and these two transactions enhance that advantage by lowering our aggregate decline rate and diversifying our product mix. We are proud of our nearly 50-year history in Indonesia and pleased that MedcoEnergi recognizes the value of this business. We are also pleased to have the opportunity to effectively deploy the proceeds from the sale of our Indonesia assets toward additional shareholding interest in APLNG, which supplies LNG to long-term buyers in both China and Japan and is currently the largest supplier of natural gas to Australia’s East coast domestic market, meeting over 30% of its total demand. Through the achievements of APLNG and its other shareholders, Origin Energy and Sinopec, APLNG has become a world-class integrated LNG operation. It will continue supplying customers in the Asia Pacific region with reliable energy that is lower in GHG intensity than many of the alternatives, and thus help meet energy transition pathway demand for years to come.”

-- # # # ---

About ConocoPhillips

Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 14 countries, $87 billion of total assets, and approximately 9,900 employees at Sept. 30, 2021. Production excluding Libya averaged 1,514 MBOED for the nine months ended Sept. 30, 2021, and proved reserves were 4.5 BBOE as of Dec. 31, 2020. For more information, go to www.conocophillips.com.

CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995

This new release contains forward-looking statements as defined under the federal securities laws. Forward-looking statements relate to future events, plans and anticipated results of operations, business strategies, and other aspects of our operations or operating results. Words and phrases such as “anticipate," “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict," “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, the company expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond our control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. Factors that could cause actual results or events to differ materially from what is presented include the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; changes in commodity prices, including a prolonged decline in these prices relative to historical or future expected levels; insufficient liquidity or other factors, such as those listed herein, that could impact our ability to repurchase shares and declare and pay dividends such that we suspend our share repurchase program and reduce, suspend, or totally eliminate dividend payments in the future, whether variable or fixed; changes in expected levels of oil and gas reserves or production; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks or unsuccessful exploratory activities; unexpected cost increases or technical difficulties in constructing, maintaining or modifying company facilities; legislative and regulatory initiatives addressing global climate change or other environmental concerns; investment in and development of competing or alternative energy sources; disruptions or interruptions impacting the transportation for our oil and gas production; international monetary conditions and exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs on any materials or products (such as aluminum and steel) used in the operation of our business; our ability to collect payments when due under our settlement agreement with PDVSA; our ability to collect payments from the government of Venezuela as ordered by the ICSID; our ability to liquidate the common stock issued to us by Cenovus Energy Inc. at prices we deem acceptable, or at all; our ability to complete any announced or any future dispositions or acquisitions on time, if at all; the possibility that regulatory approvals for any announced or any future dispositions or acquisitions will not be received on a timely basis, if at all, or that such approvals may require modification to the terms of the transactions or our remaining business; business disruptions during or following the acquisition of assets from Shell (the “Shell Acquisition”) or any other announced or any future dispositions or acquisitions, including the diversion of management time and attention; the ability to deploy net proceeds from our announced or any future dispositions in the manner and timeframe we anticipate, if at all; potential liability for remedial actions under existing or future environmental regulations; potential liability resulting from pending or future litigation, including litigation related to our transaction with Concho Resources Inc. (Concho); the impact of competition and consolidation in the oil and gas industry; limited access to capital or significantly higher cost of capital related to illiquidity or uncertainty in the domestic or international financial markets; general domestic and international economic and political conditions; the ability to successfully integrate the assets from the Shell Acquisition or achieve the anticipated benefits from the transaction; the ability to successfully integrate the operations of Concho with our operations and achieve the anticipated benefits from the transaction; unanticipated difficulties or expenditures relating to the Shell Acquisition or the Concho transaction; changes in fiscal regime or tax, environmental and other laws applicable to our business; and disruptions resulting from extraordinary weather events, civil unrest, war, terrorism or a cyber attack; and other economic, business, competitive and/or regulatory factors affecting our business generally as set forth in our filings with the Securities and Exchange Commission. Unless legally required, ConocoPhillips expressly disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or otherwise.

Dennis Nuss (media)
281-293-4733
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Investor Relations
281-293-5000
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RENFREW, Scotland--(BUSINESS WIRE)--Howden and Chart Industries (NYSE: GTLS) have signed a Memorandum of Understanding (MOU) as they move forward in collaboration for advanced hydrogen solutions, incorporating Howden gas compression systems into Chart hydrogen offerings.

Howden is a leading global provider of mission critical air and gas handling products, technologies and services across a diverse range of industries, while Chart is a leading global manufacturer of highly engineered equipment, servicing multiple applications in the clean energy and industrial gas markets.

This relationship will result in more cost-effective standardised solutions within an integrated and optimised service offering. This will provide customers with tailored global aftermarket support and will leverage both companies’ manufacturing capabilities to be close to the regional hydrogen projects that are anticipated to move quickly to commercialization this decade.

Ross Shuster, CEO of Howden comments: “We are confident that this collaboration with Chart will bring significant benefits to customers, while also more broadly benefitting the rapidly developing renewable hydrogen industry. We view this collaboration as one means to bring cost-effective, standardized solutions to the market in order to help reduce the time required to develop new projects and to lower costs associated with renewable hydrogen. This cooperation with Chart is a natural one given our common focus on customers, technology and innovation, and our passion for enabling the global clean energy transition.”

Commenting on the partnership, Jill Evanko, CEO of Chart Industries stated, “We are pleased to partner with Howden, a market leader in numerous areas, including gas compression, and a partner that we have worked with for many years. The combination of our offerings are highly complementary which reduces lead-time and unnecessary costs for our customers as hydrogen projects require speed to market and cost competitiveness.”

Devan LaBrash
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+44 (0) 7741 614756

DUBLIN--(BUSINESS WIRE)--The "Global Petrochemicals New Build and Expansion Projects Outlook to 2025 - Review by Type, Commodity, Development Stage, and Region" report has been added to ResearchAndMarkets.com's offering.

Globally, 1,365 upcoming petrochemicals projects are expected to start operations during the 2021 to 2025 outlook period.

Of these, 1,189 represent new build projects and 176 are expansions of existing projects. In the global petrochemicals sector, the polypropylene segment is expected to witness the highest number of projects(128) commencing operations during the 2021 to 2025 outlook period. Polyethylene and propylene segments follow with 118 and 99 projects, respectively.

Scope

• Global petrochemicals projects count by type, and development stage that are expected to start operations during 2021-2025
• Global petrochemicals projects cost by type, region, key commodities, and key countries for the period 2021-2025
• Global petrochemicals projects capacity additions by type, key commodities, and key countries for 2021-2025
• Project outlook of key petrochemical commodities - methanol, ethylene, polypropylene, urea, propylene, polyethylene, and ammonia - that are expected to start operations during 2021-2025

Reasons to Buy

• Understand outlook of global petrochemicals projects that are expected to start operations during 2021-2025
• Keep abreast of capacity and cost outlook of key petrochemical commodities - methanol, ethylene, polypropylene, urea, propylene, polyethylene, and ammonia
• Facilitate decision making on the basis of strong petrochemicals projects data
• Develop business strategies with the help of specific insights on the global petrochemicals projects
• Assess your competitor's planned petrochemicals projects

Key Topics Covered:

1 Table of Contents

1.1 List of Tables

1.2 List of Figures

2. Global Petrochemicals New Build and Expansion Projects Outlook, 2021-2025

2.1 Key Highlights

2.2 Petrochemicals Projects Outlook by Type and Commodity

2.3 Petrochemicals Projects Outlook by Development Stage

2.4 Petrochemicals Projects Cost Outlook by Type and Region

2.5 Petrochemicals Projects Cost Outlook by Type and Key Countries

3. Methanol Projects Outlook

3.1 Methanol Projects Outlook by Type

3.2 Methanol Projects Outlook by Development Stage

3.3 Methanol Projects Capacity Additions Outlook by Type and Key Countries

3.4 Methanol Projects Cost Outlook by Type and Key Countries

3.5 Major Methanol Projects

4. Ethylene Projects Outlook

4.1 Ethylene Projects Outlook by Type

4.2 Ethylene Projects Outlook by Development Stage

4.3 Ethylene Projects Capacity Additions Outlook by Type and Key Countries

4.4 Ethylene Projects Cost Outlook by Type and Key Countries

4.5 Major Ethylene Projects

5. Polypropylene Projects Outlook

5.1 Polypropylene Projects Outlook by Type

5.2 Polypropylene Projects Outlook by Development Stage

5.3 Polypropylene Projects Capacity Additions Outlook by Type and Key Countries

5.4 Polypropylene Projects Cost Outlook by Type and Key Countries

5.5 Major Polypropylene Projects

6. Urea Projects Outlook

6.1 Urea Projects Outlook by Type

6.2 Urea Projects Outlook by Development Stage

6.3 Urea Capacity Additions Outlook by Type and Key Countries

6.4 Urea Projects Cost Outlook by Type and Key Countries

6.5 Major Urea Projects

7. Propylene Projects Outlook

7.1 Propylene Projects Outlook by Type

7.2 Propylene Projects Outlook by Development Stage

7.3 Propylene Projects Capacity Additions Outlook by Type and Key Countries

7.4 Propylene Projects Cost Outlook by Type and Key Countries

7.5 Major Propylene Projects

8. Polyethylene Projects Outlook

8.1 Polyethylene Projects Outlook by Type

8.2 Polyethylene Projects Outlook by Development Stage

8.3 Polyethylene Capacity Additions Outlook by Type and Key Countries

8.4 Polyethylene Projects Cost Outlook by Type and Key Countries

8.5 Major Polyethylene Projects

9. Ammonia Projects Outlook

9.1 Ammonia Projects Outlook by Type

9.2 Ammonia Projects Outlook by Development Stage

9.3 Ammonia Projects Capacity Additions Outlook by Type and Key Countries

9.4 Ammonia Projects Cost Outlook by Type and Key Countries

9.5 Major Ammonia Projects

For more information about this report visit https://www.researchandmarkets.com/r/h0zyxc

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Conventional Oil Refineries to Renewable Fuel Production Facilities - Renewable Capacity Additions Gain Momentum" report has been added to ResearchAndMarkets.com's offering.

Traditional oil refineries have been slow towards processing and producing renewable fuel, despite its production starting nearly a decade ago. Considering several benefits that renewable fuel offers to consuming companies and countries, this scenario might change soon. Several oil refining companies have initiated the conversion of their decommissioned or, soon to be decommissioned refineries to produce renewable fuel.

Although some refiners are currently co-processing renewable fuel along with petroleum fuels in their refineries, others are also planning to join the trend. With demand for cleaner transportation fuel rising globally, oil refiners turning away from petroleum fuel towards renewable fuel with less carbon footprint might prove to be a lucrative option in the long-term.

Report Scope:

• Overview of renewable fuels - introduction and generations of biofuels, introduction and benefits of renewable fuels
• Renewable fuel production from oil refineries of key countries to 2025
• Key details of major refineries that are planning to produce / producing renewable fuels
• Renewable fuel production plans of major companies
• Renewable fuel regulations in major markets and outlook

Key Report Benefits:

• Understand the significance of renewable fuels and the difference between renewable fuels and biofuels
• Facilitate decision making based on regulations governing renewable fuels in key markets
• Keep abreast of key global fully converted or co-processing refinery projects and their respective production capacities of renewable fuels
• Assess your competitor's plans with regards to renewable fuels production

   

Key Topics Covered:

• Overview of Renewable Fuels
• Overview of Biofuels
• Generations of Biofuels
• Renewable Fuels Overview
• Renewable Fuel (Renewable Diesel) vs Advanced Biofuel (Biodiesel) - Production Viewpoint
• Benefits of renewable fuel
• Production Outlook

For more information about this report visit https://www.researchandmarkets.com/r/33q8mr

About ResearchAndMarkets.com

ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Butane Market (2021-2026) by Application and Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis" report has been added to ResearchAndMarkets.com's offering.

The Global Butane Market is estimated to be USD 63.5 Bn in 2021 and is expected to reach USD 78.4 Bn by 2026, growing at a CAGR of 4.3%.

Companies Mentioned

• Aditya Air Products
• Chevron Corporation
• China National Petroleum Corporation
• ConocoPhilips
• Exxon Mobil Corporation
• Air Liquide S.A.
• Linde plc
• Indian Oil Corporation Ltd
• Mangalore Refinery and Petrochemicals Limited
• Bharat Petroleum Corporation Limited
• Royal Dutch Shell plc
• Merck KGaA
• Sinopec
• Shell International B.V.
• TotalEnergies SE
• Valero Energy Corporation

The rising demand for residential LPG in developing countries is fostering the growth of the market. In addition, the increasing demand for pure butane as a refrigerant in a domestic refrigerator, freezers, and surging household energy demand from cooking and heating applications are contributing to the market's growth. The preferences for substitute products in gasoline application and reduction in the product's effectiveness in a colder environment hinder the market growth.

The increasing investment by the key players in the refining and production of petrochemicals will create huge opportunities for the market. The key challenge for the market growth is the volatility in the spot prices of NGL and Crude oil.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

• The report offers a comprehensive evaluation of the Global Butane Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
• The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
• The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of Covid-19 on the market is also featured in the report.
• The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
• The report also contains the competitive analysis using Positioning Quadrants, the analyst's Proprietary competitive positioning tool.

Key Topics Covered:

1 Report Description

2 Research Methodology

3 Executive Summary

3.1 Introduction

3.2 Market Size and Segmentation

3.3 Market Outlook

4 Market Influencers

4.1 Drivers

4.1.1 Rising Usage of LPG

4.1.2 Increasing Adoption of Pure Butane in Domestic Refrigerator Freezer

4.1.3 Rising Demand in Petrochemical Industry

4.1.4 Surging Demand for Household Energy from Cooking and Heating Applications

4.2 Restraints

4.2.1 Impact of Colder Environment on the Product

4.2.2 Preferences for Substitute Products in Gasoline

4.2.3 Increasing R&D in the Field of Renewable Sources

4.3 Opportunities

4.3.1 Increasing Investment in Refineries and Petrochemicals Capacities

4.4 Challenges

4.4.1 Volatility in Spot Prices of NGL and Crude Oil

4.5 Trends

5 Market Analysis

5.1 Regulatory Scenario

5.2 Porter's Five Forces Analysis

5.3 Impact of COVID-19

5.4 Ansoff Matrix Analysis

6 Global Butane Market, By Application

6.1 Introduction

6.2 LPG

6.2.1 Auto-Fuel

6.2.2 Chemicals and Petrochemicals

6.2.3 Industrial

6.2.4 Refinery

6.2.5 Residential and Commercial

6.3 Petrochemicals

6.4 Refineries

7 Global Butane Market, By Geography

8 Competitive Landscape

8.1 IGR Competitive Quadrant

8.2 Market Share Analysis

8.3 Strategic Initiatives

8.3.1 M&A and Investments

8.3.2 Partnerships and Collaborations

8.3.3 Product Developments and Improvements

9 Company Profiles

10 Appendix

For more information about this report visit https://www.researchandmarkets.com/r/ct58j8

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Moves strengthen foundation for advancing growth and sustainability initiatives across company

WALL, N.J.--(BUSINESS WIRE)--New Jersey Resources (NYSE: NJR) today announced a series of executive and senior leadership promotions that position the company to execute on its growth strategy, sustainability goals and investment priorities.

Unless otherwise noted, changes will be effective January 1, 2022 and include:

• Patrick Migliaccio was named Senior Vice President and Chief Operating Officer of New Jersey Natural Gas (NJNG).
• Roberto Bel was promoted to Senior Vice President and Chief Financial Officer of NJR.
• Sean Annitto will succeed Vice President Timothy Shea, who is retiring from NJR Energy Services (NJRES) in February 2022, and lead NJR’s unregulated wholesale natural gas marketing business.
• Robert Pohlman was promoted to Vice President of Strategy, Communications, Government Relations and Policy of NJR.
• Daniel Sergott was promoted to Treasurer of NJR.

“The elevation of these proven, capable leaders to senior roles in our organization puts New Jersey Resources in an even stronger position to execute our strategy, deliver safe, reliable service to our customers and advance our clean energy and climate goals,” said Steve Westhoven, President and CEO of New Jersey Resources. “Our team will continue to move NJR forward as a leader in sustainability and seize exciting new opportunities to invest and grow in the clean energy future.”

More information on these changes and biographical information can be found below:

Senior Vice President and Chief Operating Officer Patrick Migliaccio will oversee NJNG, NJR’s largest subsidiary, advance the utility’s decarbonization efforts and direct its infrastructure investments and customer growth goals, while managing operation of its more than 770 employees and 7,600 miles of distribution and transmission main.

Mr. Migliaccio joined NJR in 2009 as Controller of the company’s unregulated operations. He advanced through various positions in the finance function before being promoted to Senior Vice President and Chief Financial Officer in 2016.

As CFO, he led the finance and accounting team through a period of significant growth at NJR, including over $1.5 billion in infrastructure investments at NJNG, increased capital expenditures and revenue growth at NJR Clean Energy Ventures, as well as the acquisitions of Leaf River Energy Center and the Adelphia Gateway pipeline, which now form the largest pieces of NJR’s Storage and Transportation business segment.

Prior to joining NJR, Mr. Migliaccio worked for Public Service Enterprise Group and NRG Energy, as well as other energy companies in New Jersey.

Senior Vice President and Chief Financial Officer Roberto Bel will be responsible for the management of NJR’s financial functions, including financial planning and analysis, accounting, tax, treasury, risk management and investor relations.

Mr. Bel joined NJR in 2019 as Vice President-Treasurer and Investor Relations and has more than 20 years of experience in finance. He has led the Treasury function through a time of elevated funding requirements, driven by NJR’s highest capital investment levels ever. He also led NJR’s first public equity offering in more than 30 years, and guided Investor Relations through the development and rollout of a long-term strategic growth plan for NJR.

Before joining NJR, Mr. Bel was Assistant Treasurer for Thomson Reuters and Chief Financial Officer for Thomson Reuters’ Latin American operations. Prior to that he was Vice President and Chief Financial Officer for General Motors Colmotores and General Motors Venezolana and held various roles of increasing responsibility at the General Motors Treasurer’s office in New York.

Vice President-Energy Services Sean Annitto will succeed Tim Shea in leading NJRES, the company’s unregulated wholesale natural gas marketing business. Mr. Shea is retiring after 23 years with the company, effective February 2022.

Mr. Annitto joined NJRES in 1996 and has served as Vice President-Energy Services since 2019. He has more than 20 years of experience in energy trading, commodity hedging and developing strategic growth opportunities, and was instrumental in developing, implementing and managing NJRES’ successful long-option strategy. With his proven expertise in the dynamic, U.S. energy market, he continues to effectively guide the business’ portfolio valuation, structure and optimization.

Vice President-Strategy, Communications, Government Relations and Policy Robert Pohlman will drive business and growth opportunities across NJR, including emerging clean energy markets, while overseeing public policy, government relations and communications.

Mr. Pohlman joined NJR in 2011 and served as Director of Business Development for NJR Clean Energy Ventures (CEV) before being named Chief of Staff to the President and CEO in 2019. He was promoted to Managing Director-Innovation and Strategic Initiatives in 2020.

A proven dealmaker in the sustainable investment space, Mr. Pohlman helped CEV invest over $1 billion dollars in renewable infrastructure over the last 10 years. As Chief of Staff and Managing Director, he has also played a pivotal role in corporate strategy, external communications, policy and investor messaging.

Prior to joining NJR, he worked as vice president at Citadel, assistant vice president Credit Suisse Energy LLC and Barclays Capital, Inc.

Treasurer Daniel Sergott will be responsible for NJR’s treasury functions. Mr. Sergott joined NJR in 2006 and has held a variety of leadership roles in both financial planning and analysis and corporate development functions, including Director-Financial Planning and Analysis and Director-Corporate Development Finance. As a senior leader on the finance and accounting team, Dan was integral to NJR’s financing, equity and M&A accomplishments of the past five years.

Before joining NJR, Mr. Sergott worked as an independent financial consultant, as well as corporate finance manager and finance director at CDI Corporation and a senior financial analyst at Salomon Smith Barney and Goldman Sachs.

“These leadership changes strengthen our organization. I want to congratulate Pat, Roberto, Sean, Bobby and Dan on their promotions, and to thank Tim for his many years of contributions that have helped make NJR Energy Services one of the top natural gas marketers in North America,” said Westhoven.

About New Jersey Resources

New Jersey Resources (NYSE: NJR) is a Fortune 1000 company that, through its subsidiaries, provides safe and reliable natural gas and clean energy services, including transportation, distribution, asset management and home services. NJR is composed of five primary businesses:

• New Jersey Natural Gas, NJR’s principal subsidiary, operates and maintains over 7,600 miles of natural gas transportation and distribution infrastructure to serve over half a million customers in Monmouth, Ocean and parts of Morris, Middlesex and Burlington counties in New Jersey.
• NJR Clean Energy Ventures invests in, owns and operates solar projects with a total capacity of more than 365 megawatts, providing residential and commercial customers with low-carbon energy solutions.
• NJR Energy Services manages a diversified portfolio of natural gas transportation and storage assets and provides physical natural gas services and customized energy solutions to its customers across North America.
• Storage & Transportation serves customers from local distributors and producers to electric generators and wholesale marketers through its ownership of Leaf River Energy Center and the Adelphia Gateway Pipeline Project, as well as our 50% equity ownership in the Steckman Ridge natural gas storage facility.
• NJR Home Services provides service contracts as well as heating, central air conditioning, water heaters, standby generators, solar and other indoor and outdoor comfort products to residential homes throughout New Jersey.

NJR and its nearly 1,200 employees are committed to helping customers save energy and money by promoting conservation and encouraging efficiency through Conserve to Preserve^® and initiatives such as The SAVEGREEN Project^® and The Sunlight Advantage^®.

Follow us on Twitter @NJNaturalGas.
“Like” us on facebook.com/NewJerseyNaturalGas.

Media Contact:
Michael Kinney
732-938-1031
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Investor Contact:
Dennis Puma
732-938-1229
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LITTLE RIVER, S.C.--(BUSINESS WIRE)--PCT LTD (OTC Pink: PCTL) is excited to announce that they have restructured and consolidated their notes with RB Capital Partners, Inc., into a single note for $1,465,000 at 5% interest. The note is convertible to common stock above the market at $0.07 and the due date has been extended to December 15, 2024.

Brett Rosen, Managing Partner of RB Capital, stated, “We are proud of the work and effort that the team at PCTL has done to develop and enhance the Company’s products and services. As long-time supporters of PCTL, we were happy to restructure our debt, extending the time on the repayment of the loans so PCTL could implement its strategic marketing plans.”

Gary Grieco, CEO, stated, "RB Capital stepped up with funding at a critical time in PCTL's history. The funding allowed us to repay debt, add personnel, and redesign our product line. By extending the repayment of the debt, it affords us time to use our cash flow to expand and grow sales and invest in our R&D programs. RB's action along with the recent equity investment of $2,250,000 from Krag Capital, will help us to build our reputation in the industry and capture additional market share with our breakthrough products in healthcare, oil & gas, and agricultural industries."

About PCT LTD:

PCT LTD ("PCTL") focuses its business on acquiring, developing, and providing sustainable, environmentally safe disinfecting, cleaning, and tracking technologies. The company acquires and holds rights to innovative products and technologies, which are commercialized through its wholly owned operating subsidiary, Paradigm Convergence Technologies Corporation.

Forward-Looking Statements:

This press release contains "forward-looking statements" as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21B of the Securities Exchange Act of 1934, as amended. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be "forward-looking statements."

Such statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Such statements involve risks and uncertainties, including but not limited to: PCTL's ability to raise sufficient funds to satisfy its working capital requirements; the ability of PCTL to execute its business plan; the anticipated results of business contracts with regard to revenue; and any other effects resulting from the information disclosed above; risks and effects of legal and administrative proceedings and government regulation; future financial and operational results; competition; general economic conditions; and the ability to manage and continue growth. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual outcomes may vary materially from those indicated. Important factors that could cause actual results to differ materially from the forward-looking statements PCTL makes in this press release include market conditions and those set forth in reports or documents it files from time to time with the SEC. PCTL undertakes no obligation to revise or update such statements to reflect current events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

Investor Relations Contact
Michael Iorlano
(760) 621-0062
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www.para-con.com
Twitter: https://mobile.twitter.com/PCTL_

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (“Southwestern Energy”) (NYSE: SWN) today announced that it is commencing, subject to market conditions, a registered underwritten public offering (the “Offering”) of $1,150,000,000 aggregate principal amount of senior notes due 2032 (the “Notes”).

Southwestern Energy intends to use the net proceeds from the Offering, along with net proceeds associated with its proposed term loan credit agreement, borrowings under its revolving credit agreement and cash on hand to fund the cash portion of the acquisition of GEP Haynesville, LLC (“GEPH”), to fund its previously announced tender offers of certain series of its outstanding senior notes and to pay a portion of the outstanding balance of its revolving credit agreement.

J.P. Morgan Securities LLC, BofA Securities, Inc., Citigroup Global Markets Inc., RBC Capital Markets, LLC and Wells Fargo Securities, LLC are acting as representatives of the underwriters and joint book-running managers for the Offering. The Offering is being made under an effective automatic shelf registration statement on Form S-3, as amended (Registration No. 333-238633), filed by Southwestern Energy with the Securities and Exchange Commission (“SEC”) and only by means of a prospectus supplement and accompanying base prospectus. A preliminary prospectus supplement has been filed with the SEC to which this communication relates. Prospective investors should read the preliminary prospectus supplement and the accompanying base prospectus included in the registration statement and other documents Southwestern Energy has filed with the SEC for more complete information about Southwestern Energy and the Offering. These documents are available at no charge by visiting EDGAR on the SEC website at http://www.sec.gov.

Alternatively, a copy of the base prospectus and the preliminary prospectus supplement may be obtained, when available, from:

J.P. Morgan Securities LLC
c/o Broadridge Financial Solutions
1155 Long Island Avenue
Edgewood, NY 11717
Telephone: 1-866-803-9204

This news release shall not constitute an offer to sell or the solicitation of an offer to buy these securities or any securities subject to the tender offers and consent solicitation, nor shall there be any sale of these securities, in any state or jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. This news release shall not constitute a notice of redemption for any outstanding senior notes or any securities.

About Southwestern Energy
Southwestern Energy Company is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution.

Forward-Looking Statements
Certain statements and information in this news release may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Exchange Act, as amended. Forward-looking statements relate to future events, including, but not limited to, the proposed Offering and the use of proceeds of the Offering, including the tender offers and consent solicitation and repaying a portion of the borrowings under Southwestern Energy’s credit agreement. The words “believe,” “expect,” “anticipate,” “plan,” “predict,” “intend,” “seek,” “foresee,” “should,” “would,” “could,” “attempt,” “appears,” “forecast,” “outlook,” “estimate,” “project,” “potential,” “may,” “will,” “likely,” “guidance,” “goal,” “model,” “target,” “budget” and other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature. Statements may be forward looking even in the absence of these particular words. Where, in any forward-looking statement, Southwestern Energy expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to have a reasonable basis. We do not intend to publicly update or revise any forward-looking statements as a result of new information, future events, changes in circumstances, or otherwise. These cautionary statements qualify all forward-looking statements attributable to us, or persons acting on our behalf. Management cautions you that the forward-looking statements contained herein are not guarantees of future performance, and we cannot assure you that such statements will be realized or that the events and circumstances they describe will occur. Factors that could cause actual results to differ materially from those anticipated or implied in the forward-looking statements herein include, but are not limited to: closing the GEPH merger, the timing and extent of changes in market conditions and prices for natural gas, oil and natural gas liquids (“NGLs”), including regional basis differentials and the impact of reduced demand for our production and products in which our production is a component due to governmental and societal actions taken in response to COVID-19 or other public health crises and any related company or governmental policies and actions to protect the health and safety of individuals or governmental policies or actions to maintain the functioning of national or global economies and markets; our ability to fund our planned capital investments; a change in our credit rating, an increase in interest rates and any adverse impacts from the discontinuation of the London Interbank Offered Rate; the extent to which lower commodity prices impact our ability to service or refinance our existing debt; the impact of volatility in the financial markets or other global economic factors; difficulties in appropriately allocating capital and resources among our strategic opportunities; the timing and extent of our success in discovering, developing, producing and estimating reserves; our ability to maintain leases that may expire if production is not established or profitably maintained; our ability to transport our production to the most favorable markets or at all; the impact of government regulation, including changes in law, the ability to obtain and maintain permits, any increase in severance or similar taxes, and legislation or regulation relating to hydraulic fracturing, climate and over-the-counter derivatives; the impact of the adverse outcome of any material litigation against us or judicial decisions that affect us or our industry generally; the effects of weather; increased competition; the financial impact of accounting regulations and critical accounting policies; the comparative cost of alternative fuels; credit risk relating to the risk of loss as a result of non-performance by our counterparties; and any other factors listed in the reports we have filed and may file with the SEC that are incorporated by reference herein. All written and oral forward-looking statements attributable to us are expressly qualified in their entirety by this cautionary statement.

Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Report Highlights Energy Transfer’s Renewable Energy Initiatives and Efforts to Reduce its Environmental Footprint

DALLAS--(BUSINESS WIRE)--Energy Transfer LP (NYSE:ET) today announced the availability of its 2020 Corporate Responsibility Report. The report highlights Energy Transfer’s 2020 operational results across its business segments and provides comprehensive coverage of its pipeline safety management programs, risk management, and emissions reduction programs. It also covers Energy Transfer’s renewable energy initiatives and ongoing efforts to reduce its environmental footprint.

The report is available at www.energytransfer.com.

Energy Transfer is one of the largest and most diversified midstream energy companies in North America. Its more than 114,000 miles of natural gas, natural gas liquids, crude oil and refined product pipelines and related facilities span 41 states and Canada, and transport nearly 30 percent of the United States’ natural gas and oil. Energy Transfer’s more than 10,000 employees are committed to staying true to the Partnership‘s core values of ensuring the safety of its people, the safety of its operations and the safety of the communities in which it operates.

About Energy Transfer

Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in North America, with a strategic footprint in all of the major U.S. production basins. Energy Transfer is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, natural gas liquids (NGL) and refined product transportation and terminalling assets; and NGL fractionation. Energy Transfer also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at www.energytransfer.com

Media Relations:
Vicki Granado, Lisa Coleman: 214-840-5820

Investor Relations:
Bill Baerg, Lyndsay Hannah, Brent Ratliff: 214-981-0795

Project will enable the school system to allocate energy cost savings to supporting student success

ROCKVILLE, Md.--(BUSINESS WIRE)--#Virginiaschools--Isle of Wight County Schools will now offset nearly 50% of the total electricity needs of seven of its schools with a combined 3.3 megawatt (MW) solar system. Standard Solar, Inc, a leading solar energy company, owns and operates the systems and provided engineering, design expertise and construction oversight.

The combined rooftop arrays are projected to produce an estimated 4,252-megawatt-hours of clean energy each year, offsetting carbon emissions of 7.6 million miles driven by an average car, or 1,000 tons of waste being recycled instead of tossed into a landfill.

“This project does more than help the environment; it saves the school system money so they can focus on providing a more outstanding educational experience for their students,” said John Finnerty, Director of Business Development, Standard Solar. “We’re proud to have put our solar project development and funding expertise and our deep knowledge of helping education institutions utilize renewables without utilizing capital budgets to work for Isle of Wight County Schools.”

The arrays, on the rooftops of Carrollton Elementary School, Carrsville Elementary School, GD Tyler Middle School, Smithfield Main, Windsor Elementary School and Windsor High School, make Isle of Wight County Schools among the first in the area to transition to clean, reliable energy and positioning it for continued economic and community growth.

“Incorporating solar energy is cost-effective and helps the environment while reducing energy expenses and funneling savings to resources that directly impact student success,” said division Superintendent, Isle of Wight County Schools, Dr. Jim Thornton.

“This project is a shining example of the potential of the Virginia Clean Economy Act at work, making solar accessible and affordable for schools throughout Dominion Energy’s territory,” continued Finnerty.

Isle of Wight County Schools will save on their energy costs over the next 20 years through the solar project while providing visible innovation, sustainability and energy management messages to students, parents, staff and visitors.

According to a report by Generation180, 89 Virginia schools had installed solar as of the close of 2019. That number tripled between 2017 and 2019 and moves Isle of Wight County Schools to the front of the class.

“Standard Solar’s project experience includes school systems like Isle of Wight County Schools, businesses, institutions, farms, governments, communities, brownfield redevelopment and utilities,” added Mike Streams, Chief Development Officer, Standard Solar. “Our ability to navigate partnerships and ensure success for the customer makes us the go-to funding choice for project developers, community solar programs and organizations looking to implement or sell clean energy projects.”

About Standard Solar
Standard Solar is powering the nation’s energy transformation – channeling its project development capabilities, financial strength and technical expertise to deliver the benefits of solar, as well as solar + storage, to businesses, institutions, farms, governments, communities and utilities. Building on 17 years of sustainable growth and in-house and tax equity investment capital, Standard Solar is a national leader in the development, funding and long-term ownership and operation of commercial and community solar assets. Recognized as an established financial partner with immediate, deep resources, the company owns and operates more than 225 megawatts of solar across the United States. Standard Solar is based in Rockville, Md. Learn more at standardsolar.com, LinkedIn and Twitter: @StandardSolar.

For project acquisition and development inquiries, contact John Finnerty, Director of Project Development, 240-479-1519, This email address is being protected from spambots. You need JavaScript enabled to view it. and on LinkedIn.

PR:

Leah Wilkinson
Wilkinson + Associates
703-907-0010
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1 ct. RAPI +0.9% in November

LAS VEGAS--(BUSINESS WIRE)--Polished diamond prices rose in November amid steady demand and shortages of larger sizes. Dealers were busy filling US orders for retail jewelers as the holiday season got off to a strong start. The improving Chinese market helped buoy smaller certified goods.

The RapNet Diamond Index (RAPI^™) for 1-carat polished diamonds rose 0.9% during the month and was up 14% year on year as of December 1.

© Copyright 2021 by Rapaport USA Inc.

Jewelry outperformed most product categories at the start of the holiday period. Thanksgiving weekend sales were up 78% compared to last year, according to Mastercard SpendingPulse. Overall e-commerce sales slid 1.4%, reported Adobe, as many consumers started their holiday shopping earlier this year.

The strong retail performance lifted sentiment in the diamond trade. Dealers were looking for inventory to fill ongoing orders and also because they expect the positive momentum to continue into the first half of 2022. However, higher prices made it difficult for dealers to buy and restock at reasonable profit margins.

Polished inventory levels increased as Indian manufacturers shipped large volumes before the Diwali break. The country’s polished exports rose 45% year on year to $2.56 billion in October. While the number of diamonds on RapNet jumped sharply in recent months, the spike consisted mainly of 0.30- to 0.40-carat goods. 1-carat and larger are in short supply.

Rough trading remains robust. Manufacturers are raising production again after Diwali to provide goods for the first quarter, when jewelers typically replenish inventory they’ve sold during the holidays. Rough prices are firm; they have increased approximately 20% so far in 2021, according to Rapaport estimates.

The diamond market is optimistic for the next few months despite concerns about the Covid-19 Omicron variant and the effects of inflation on US consumer spending. The trade begins the final month of the year with the supply-demand dynamic working in its favor.

Rapaport Media Contacts: This email address is being protected from spambots. You need JavaScript enabled to view it.
US: Sherri Hendricks +1-702-893-9400
International: Avital Engelberg +1-718-521-4976
Mumbai: Prashant Bhojani +91-97694-66855

• $289.5 million in sales, 31.5% year-over-year increase
• GAAP diluted EPS of $0.36
• $63.1 million in cash and cash equivalents
• Free cash flow for the quarter of $5.2 million
• Closed the acquisition of Process Machinery and Premier Water

HOUSTON--(BUSINESS WIRE)--DXP Enterprises, Inc. (NASDAQ: DXPE) today announced financial results for the third quarter ended September 30, 2021. The following are results for the three and nine months ended September 30, 2021, compared to the three and nine months ended September 30, 2020 and sequentially for the three months ended June 30, 2021, where appropriate. A reconciliation of the non-GAAP financial measures can be found in the back of this press release.

Third Quarter 2021 financial highlights:

• Sales increased 31.5 percent to $289.5 million, compared to $220.2 million for the third quarter of 2020 and $285.7 million for the second quarter of 2021.
• Earnings per diluted share for the third quarter was $0.36 based upon 19.6 million diluted shares, compared to a loss of $1.95 per share in the third quarter of September 30, 2020, based on 17.8 million diluted shares.
• Net income for the third quarter was $7.1 million, compared to a loss of $34.7 million for the prior-year period.
• Adjusted earnings before interest, taxes, depreciation and amortization (Adjusted EBITDA) for the third quarter of 2021 was $18.8 million compared to $22.6 million for the second quarter of 2021 and $13.7 million for the third quarter of 2020.
• Cash flow from operations was $6.6 million, compared to $7.6 million for the second quarter of 2021.
• Free cash flow (cash flow from operations less capital expenditures) for the third quarter of 2021 was $5.2 million, compared to $6.8 million in the second quarter of 2021.

David R. Little, Chairman and CEO commented, “We are pleased to report our third quarter financial results. DXP's third quarter sales included year-over-year increases across all three business segments. Total DXP sales increased sequentially and were essentially flat from a sales per business day standpoint compared to Q2 with continued improvement in gross margins. Service Centers led the way with strong performance across all comparatives. Our improved momentum continued in the third quarter as our DXPeople worked together to manage through supply chain challenges and get in front of rising product costs as we rebound from COVID. With strong contributions from our acquisitions, we delivered another quarter of sales and gross margin improvement.

DXP’s third quarter 2021 sales were $289.5 million, or a 31.5 percent increase year-over-year and an 1.3 percent increase over the second quarter. During the third quarter, sales were $212.5 million for Service Centers, $40.5 million for Supply Chain Services and $36.4 million for Innovative Pumping Solutions. We experienced our first sequential quarter end increase in 10 quarters within the IPS backlog while experiencing a rising oil and gas price environment. Most of our customers and the markets we serve continue to show improvement. We remain encouraged by the sequential increases despite the continued choppiness associated with COVID-19 and the related supply chain issues. We added two acquisitions during the quarter and have more active deals that we expect to close moving into fiscal year 2022. With ongoing positive market trends, a strong acquisition pipeline and steady improvement in our execution and capabilities, we are confident in our ability to deliver strong results to our stakeholders during the remainder of 2021 and beyond. Thank you to all our customers and DXPeople."

Kent Yee, CFO, added, “First, I want to thank McConnell & Jones for working with us to get our third quarter done in a timely manner and putting us in a position to follow suit with our year-end audit. With our filing of our third quarter results, we are now current on all filings. Our third quarter year-over-year sales growth of 31.5 percent and gross margin improvement were great to see. Our financial results reflect our continued focus on our customers and improving market conditions. Sales per business day for the quarter were essentially flat to Q2, going from $4.57 million per day to $4.52 million per day for Q3 and were $4.65 and $4.63 million per day, respectively for the months of October and November. The sequential increase in the IPS backlog was great to see and we anticipate the trend to continue. As of September 30, 2021, we had $63.1 million in cash and cash equivalents. The decrease in cash has been primarily driven by our acquisition activity. We have completed three acquisitions since the four at year-end 2020, as well as executing share repurchases to continue to drive value for all of DXP's stakeholders. We are well on our way into diversifying DXP’s end markets while creating stakeholder value. We turned DXP’s sales growth into a $2.31 per share year-over-year improvement in earnings per diluted share or $0.36 in earning per diluted share for the third quarter. Total debt outstanding as of September 30, 2021 was $327.5 million with senior leverage of 3.44:1, well under our covenant of 5.50:1. We remain excited by our sales team’s focus on organic sales growth as well as the contributions from recent acquisitions. The teamwork as well as the overall tone at DXP is moving in the right direction and we look forward to continuing the momentum into fiscal 2022, driving organic and acquisition driven growth.”

Financial Strength and Liquidity

Net debt, calculated as total long-term debt, net of cash and cash equivalents, on our balance sheet as of September 30, 2021, was $264.4 million compared to $210.6 million at December 31, 2020. As of September 30, 2021, DXP has approximately $194.0 million in liquidity, consisting of $63.0 million in cash on hand and approximately $131.0 million in availability under our ABL facility.

Non-GAAP Financial Measures

DXP supplements reporting of net income with non-GAAP measurements, including EBITDA, adjusted EBITDA, free cash flow, non-GAAP net income and net debt. This supplemental information should not be considered in isolation or as a substitute for the unaudited GAAP measurements. Additional information regarding EBITDA, adjusted EBITDA, free cash flow and non-GAAP net income referred to in this press release are included below under "Unaudited Reconciliation of Non-GAAP Financial Information."

The Company believes EBITDA provides additional information about: (i) operating performance, because it assists in comparing the operating performance of the business, as it removes the impact of non-cash depreciation and amortization expense as well as items not directly resulting from core operations such as interest expense and income taxes and (ii) the performance and the effectiveness of operational strategies. Additionally, EBITDA performance is a component of a measure of the Company’s financial covenants under its credit facility. Furthermore, some investors use EBITDA as a supplemental measure to evaluate the overall operating performance of companies in the industry. Management believes that some investors’ understanding of performance is enhanced by including this non-GAAP financial measure as a reasonable basis for comparing ongoing results of operations. By providing this non-GAAP financial measure, together with a reconciliation from net income, the Company believes it is enhancing investors’ understanding of the business and results of operations, as well as assisting investors in evaluating how well the Company is executing strategic initiatives. Free Cash Flow reconciles to the most directly comparable GAAP financial measure of cash flows from operations as provided below. We believe Free Cash Flow is an important liquidity metric because it measures, during a given period, the amount of cash generated that is available to fund acquisitions, make investments, repay debt obligations, repurchase company shares, and for certain other activities.

About DXP Enterprises, Inc.

DXP Enterprises, Inc. is a leading products and service distributor that adds value and total cost savings solutions to industrial customers throughout the United States, Canada and Dubai. DXP provides innovative pumping solutions, supply chain services and maintenance, repair, operating and production ("MROP") services that emphasize and utilize DXP’s vast product knowledge and technical expertise in rotating equipment, bearings, power transmission, metal working, industrial supplies and safety products and services. DXP's breadth of MROP products and service solutions allows DXP to be flexible and customer-driven, creating competitive advantages for our customers. DXP’s business segments include Service Centers, Innovative Pumping Solutions and Supply Chain Services. For more information, go to www.dxpe.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. These forward-looking statements include without limitation those about the Company’s expectations regarding the impact of the COVID-19 pandemic and the impact of low commodity prices of oil and gas; the Company's expectations regarding the filing of the Form 10-Q; the description of the anticipated changes in the Company's consolidated balance sheet and the results of operations and the Company's assessment of the impact of such anticipated changes; the Company’s business, the Company’s future profitability, cash flow, liquidity, and growth. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; decreases in oil and natural gas prices; decreases in oil and natural gas industry expenditure levels, which may result from decreased oil and natural gas prices or other factors; inability of the Company or its independent auditors to complete the work necessary in order to file the Form 10-Q, in the expected time frame; unanticipated changes to the Company's operating results in the Form 10-Q as filed or in relation to prior periods, including as compared to the anticipated changes stated here; unanticipated impact of such changes and its materiality; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, economic risks related to the impact of COVID-19, ability to manage changes and the continued health or availability of management personnel and changes in customer preferences and attitudes. In some cases, you can identify forward-looking statements by terminology such as, but not limited to, “may,” “will,” “should,” “intend,” “expect,” “plan,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “goal,” or “continue” or the negative of such terms or other comparable terminology. For more information, review the Company’s filings with the Securities and Exchange Commission. More information on these risks and other potential factors that could affect the Company’s business and financial results is included in the Company’s filings with the SEC, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company assumes no obligation to update any forward-looking statements or information, which speak as of their respective dates.

Business segment financial highlights:

• Service Centers’ revenue for the third quarter was $212.5 million, a 1.4 percent sequential increase and an increase of 28.9 percent year-over-year with a 13.8 percent operating income margin.
• Innovative Pumping Solutions’ revenue for the third quarter was $36.4 million, a sequential decrease of 0.8 percent and an increase of 66.6 percent year-over-year with a 0.8 percent operating income margin.
• Supply Chain Services’ revenue for the third quarter was $40.5 million, a 3.0 percent sequential increase and a increase of 21.2 percent year-over-year with a 7.9 percent operating income margin.

Kent Yee 713-996-4700
Senior Vice President, CFO
www.dxpe.com

WEST SPRINGFIELD, Mass.--(BUSINESS WIRE)--ESG Clean Energy, LLC, developers of net zero carbon Footprints and clean energy solutions for distributed power generation, announced today it has filed new patent applications focused on the technical methods of the products it can produce.

The new patents specifically cover the processes of generating electric power, capturing carbon dioxide, and producing distilled water or recycled plastic products. ESG Clean Energy is in the final phase of completing its first 4.2-megawatt power generation plant that will be utilizing these particular technologies to provide power to the local grid while producing distilled water with the carbon byproducts. As a result, the carbon capture power generation system achieves a net zero carbon footprint.

“These new patent applications greatly expand the protection of the technological innovations used by ESG,” said Nick Scuderi, president of ESG Clean Energy. “It will also allow us to continue advancing our technology as we develop our first clean, net zero carbon power generation systems.”

The ESG system is truly unique with its ability to create a Net Zero carbon outcome from a conventional, natural gas, internal combustion engine without loss of efficiency.

Exhaust gas contains a significant amount of water vapor and CO2 as naturally occurring byproducts of the combustion process. By separating those two elements, the ESG system can produce distilled water - and other commodities such as urea, methanol, and recycled plastics - while capturing close to 100% of the CO2.

As a result, a Net Zero Carbon Footprint power production can be achieved.

Besides electrical power generation, the ESG system can also be utilized in a number of different environments, including:

Plastics Recycling Operations - Can be made more affordable and safer for the environment by providing low-cost, CO2-free heat that is critical to its processing.

Nitrogen Removal - Can be done more efficiently and cleanly. Nitrogen can cause algae blooms in wastewater treatment plants and is a risk to human health, so its removal has become an emerging, worldwide concern.

Stranded Natural Gas Wells - Can be effectively converted from non-operating revenue producers to operating revenue producers by incorporating the ESG system into its production process.

Microgrids - Can be made more reliable in times of emergency with the distributed power abilities of ESG power generation when regional grids go down.

Data Centers – Can provide large data centers with clean low-cost energy in a relatively small package

Crypto Mining Operations – Can meet the energy demands of crypto mining operations without emitting carbon dioxide into the atmosphere.

For more information about ESG Clean Energy, please visit www.ESGcleanEnergy.com.

About ESG Clean Energy, LLC

ESG Clean Energy, LLC (ESG) develops Net Zero Carbon Footprints and clean energy solutions for businesses and power providers using natural gas. The ESG system utilizes patented, off-the-shelf technology to efficiently produce electricity while capturing and converting 100% of the carbon dioxide and water vapor, which can be used in the production of various commodities, such as distilled water, ethanol, and urea. More information about ESG Clean Energy, its technology, and its current projects can be found at www.ESGcleanEnergy.com.

Bill Wrinn
978-559-1970

Global infrastructure leader is among a consortium of local companies to implement new Ignition Lab

OVERLAND PARK, Kansas--(BUSINESS WIRE)--With the search for clean energy solutions a major focus of STEM education programs, Black & Veatch has teamed with local Kansas City-based organizations to fund and complete a new solar canopy installation at Operation Breakthrough’s new Ignition Lab. The Ignition Lab will help inspire the next generation of STEM (science, technology, engineering and mathematics) students, advance clean energy and provide onsite zero-carbon solar generation. The Black & Veatch Foundation – the company’s charitable giving arm – was among the project's funders while Black & Veatch also engaged as the solar project design lead and videographer.

Operation Breakthrough is a nationally accredited, not-for-profit child and family development center located in Kansas City, Missouri. For more than 50 years, Operation Breakthrough has provided educational programs, healthcare, parent programs and emergency services to the children and families they serve, more than 87 percent of whom live below federal poverty guidelines. Every weekday, the center cares for more than 700 children, aged six weeks to 18 years.

The Ignition Lab expands Operation Breakthrough’s services to high schoolers, providing 14- to 18-year-olds with opportunities to explore various STEM subjects including energy audits, siting, engineering, drones, graphic design, 3D printing and laser cutting, cyber security/IT, fabrication and construction, coding and more. The Ignition Lab’s focus is aligned with Kansas City’s Real World Learning initiative, which is designed to enable students to acquire work experiences, internships, client-connected projects, college credits and industry-recognized credentials.

“The Ignition Lab not only provides students with technical training, opening new doors for what are historically higher-paying STEM jobs right out of high school, but it also expands the opportunity for these students to figure out which path they want to take in college,” said Mary Esselman, CEO of Operation Breakthrough.

Kansas City Chiefs tight end Travis Kelce obtained the space for the Ignition Lab through his foundation, Eighty-Seven & Running. The solar canopy installation at the Ignition Lab was made possible by a consortium team comprised of Black & Veatch, Sun Partners International, JE Dunn, MRIGlobal, and RisingSun Solar.

“It is humbling to collaborate with Operation Breakthrough and others to develop, fund, and complete this exciting new solar project at the Ignition Lab that will positively impact our community for years,” said Keith Small, Black & Veatch Associate Vice President. “The new Ignition Lab provides a comprehensive living laboratory environment for students, furthers STEM education, and creates opportunities to reduce opportunity gaps.”

Editor’s Notes:

• Learn more about Black & Veatch Foundation
• Learn more about Operation Breakthrough
• Watch the Black & Veatch Operation Breakthrough Project Video

About Black & Veatch

Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.

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PASADENA, Calif.--(BUSINESS WIRE)--Materia, Inc., a high-performance structural materials company that has pioneered the development of a Nobel Prize-winning technology for making a new class of polymers, today announced that it has been acquired by ExxonMobil Chemical Company, a division of ExxonMobil Corporation (NYSE: XOM).

This acquisition couples Materia’s Nobel Prize-winning technology with ExxonMobil’s complimentary proprietary processes and world-class manufacturing capabilities to bring these new sustainable structural polymers to greater commercial scale.

Materia has been working since its formation in 1999 on the development and commercialization of a new class of ruthenium catalysts and ROMP chemistry invented by Caltech Professor Robert Grubbs, for which Dr. Grubbs received a Noble Prize in Chemistry in 2005.

“Materia’s flagship polymer family, Proxima^TM, draws upon the ROMP catalyst technology to produce hydrocarbon based products with significant performance and sustainability advantages,” said Cliff Post, Materia’s president and CEO, “This technology can be used to form composites that exhibit strength and stiffness equivalent to steel, with significantly reduced weight.”

With initial support from CalTech and private investor capital, Materia has achieved commercial applications in several sectors, including oil & gas and industrial molding applications. In 2016, Materia received a $2 million grant from the Department of Energy to explore the feasibility of molding hydrogen tanks from a Proxima - carbon fiber composite.

Since 2017, ExxonMobil and Materia have been collaborating to research further uses for Proxima under a joint development agreement, including wind blade and anti-corrosion coatings. The technology could enable the manufacture of longer and more durable wind turbine blades for more efficient renewable energy generation. ExxonMobil anticipates expanding the scope of applications for Proxima, including parts for electric vehicles and sustainable construction projects.

“We are excited to begin this new chapter with ExxonMobil in our mission to deliver next-generation materials for a more sustainable world,” said Ray Roberge, chairman of the board of Materia, Inc. “This development marks the culmination of decades of basic science research made possible by Caltech and all of Materia’s shareholders, especially Michael M. Kellen and Andrew S. Gundlach of Bleichroeder LLC, and the Dr. Alfred J. Bader and Joseph Bernstein families. Materia employees are excited to pursue the commercialization of these important technologies.”

The acquisition includes Materia’s extensive portfolio of patents and intellectual property, its headquarters, research and technology center in Pasadena, California and its manufacturing facility in Huntsville, Texas. ExxonMobil intends to operate the business under the Materia company name as a wholly owned subsidiary.

About ExxonMobil

ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.

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About Materia

Materia was founded in 1999 to commercialize a group of ruthenium catalyst technologies developed by Nobel Prize winner Dr. Robert Grubbs and his research group at Caltech. In recent years the company has focused on developing Proxima^TM polymers with commercial success in subsea pipeline insulation, molding of parts for industrial applications, and various composite applications like composite rebar for concrete reinforcement.

Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including the application of new technologies to new industrial processes, could differ materially due to manufacturing or operating requirements; political or regulatory developments; future technological developments; technical or operating factors; future testing of material properties and applications; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at exxonmobil.com.

Nicole M. Powe
General Counsel
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Connect Airlines’ strategic investment in Universal Hydrogen provides a path to regularly scheduled zero-emission air travel

LOS ANGELES--(BUSINESS WIRE)--#aerospace--Universal Hydrogen Co., the company leading the fight to decarbonize aviation through the adoption of hydrogen as a universal fuel, and smarter startup airline Connect Airlines, today announced they have signed a letter of intent (LOI) for new green-energy propulsion that will enable Connect to soon become the first zero-emission US-based airline.

Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. Connect Airlines, a division of Waltzing Matilda Aviation, is in the final stages of its Department of Transportation certification process as a regularly scheduled airline and will begin service in the spring of 2022. Together, Universal Hydrogen and Connect Airlines will work to introduce true-zero emission regional aircraft into service in North America starting in 2025.

Connect Airlines has committed to purchase 24 of Universal Hydrogen’s green hydrogen conversion kits, consisting of a firm order for 12 Dash 8-300 kits and purchase rights for 12 additional kits of other aircraft types. The conversion kits consist of a hydrogen fuel cell powertrain compatible with Universal Hydrogen’s modular capsule technology. For these aircraft, Universal Hydrogen targets installation of its conversion kits by 2025 and will subsequently supply green hydrogen fuel to the Connect Airlines fleet under a long-term agreement.

Connect Airlines will soon launch service using its “GreenJet” Dash 8 turboprop aircraft which will reduce fuel consumption and carbon footprint by approximately 35 percent versus the regional jets it replaces. The Connect Airlines fleet will transition to a true zero emission operation after adopting Universal Hydrogen’s technology.

“Connect Airlines flies smarter, that’s why we’re excited to partner with Universal Hydrogen to pursue our goal of being the first zero-emission airline in the United States,” said John Thomas, CEO, Connect Airlines. “In addition to this LOI, we were pleased to participate in Universal Hydrogen’s recent $62 million financing round.”

“The US is a laggard in its decarbonization efforts, and the US aviation industry is no exception,” said Paul Eremenko, co-founder and CEO of Universal Hydrogen. “That is why the bold step that Connect Airlines is making in being the first airline to commit to true zero-emissions operation in the relatively near term is so monumentally important.”

About Universal Hydrogen

Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.

About Waltzing Matilda Aviation / Connect Airlines

WMA is a Boston based FAA Part 135 jet charter operator (Certificate number 6WZA614N) in the certification process to add FAA Part 121 scheduled and non-scheduled services to its Air Operators Certificate under the Connect Airlines brand. WMA identified the need for a “smarter airline” and brought together aviation leaders and enthusiasts with over 150 years’ experience who share a common passion – to work and fly smarter. With the planes we fly, the technology we use, and the operations we run, Connect Airlines will deliver a quieter, cleaner, and healthier travel experience. Connect Airlines, the future of smarter, greener travel.

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Universal Hydrogen
Kate Gundry
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Connect Airlines
Scott Brownrigg
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DUBLIN--(BUSINESS WIRE)--The "Green Hydrogen Global Market Report 2021: COVID-19 Growth and Change" report has been added to ResearchAndMarkets.com's offering.

The global green hydrogen market is expected to grow from $0.58 billion in 2020 to $0.78 billion in 2021 at a compound annual growth rate (CAGR) of 33.8%. The market is expected to reach $2.94 billion in 2025 at a CAGR of 39.4%.

The main types of technologies in green hydrogen are alkaline electrolyzer, proton exchange membrane electrolyzer, and solid oxide electrolyzer. Alkaline electrolyzers work by transporting hydroxide ions from the cathode to the anode through the electrolyte, with hydrogen created on the cathode side. It is used in power generation, transport, others and implemented in various verticals such as petrochemicals, food and beverages, medical, chemical, glass, others.

The green hydrogen market consists of sales of hydrogen-based fuel by entities (organizations, sole traders, and partnerships) that are produced from electrolyzing water by using electricity. Green hydrogen gas is created by dividing water into hydrogen and oxygen using an electrolyzer that can be powered by renewable energy sources. Green hydrogen is environmentally friendly and can be stored and converted back to energy or heat when required.

Europe was the largest region in the green hydrogen market in 2020. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The increasing environmental concerns are expected to propel the growth of the green hydrogen market in the forecast period. Green hydrogen is a hydrogen-based fuel that is made by electrolyzing water with electricity supplied from low-carbon sources. It will help in reducing carbon emissions and provide care to our planet.

For instance, International Energy Agency (IEA) aims to bring global energy-related carbon dioxide emissions to net-zero by 2050. Fossil fuels are one of the main contributors to poor air quality and they account for 80% of all the energy worldwide. Additionally, IEA estimates that by 2050 around 1.77 million premature deaths will occur due to indoor air pollution, and around 4.97 million premature deaths will occur due to outdoor air pollution.

According to World Health Organization, an estimated 4.2 to 7 million people die from air pollution worldwide every year, and nine out of ten people breathe air that contains high levels of pollutants. Therefore, increasing environmental concerns drive the growth of the green hydrogen market.

Scaling up of technologies is an emerging trend in the green hydrogen market. Advanced analytics is used in the green hydrogen market, it can transform data into business intelligence with actionable insights. Analytics can provide corrective action recommendations to maximize yields for green hydrogen, churning, and learning through data from plants, tanks, and pipes.

By forecasting the failures, energy losses can also be prevented. Kaiserwetter is one such company that is using analytics to address several green hydrogen challenges. Analytics can also be useful in providing blockchain solutions that can help in green hydrogen tracking.

For instance, in February 2021, Acciona, a Spanish firm that develops and manages infrastructure and renewable energy, has developed GreenH2chain, a blockchain-based platform that allows clients from all over the world to verify and visualize the complete green hydrogen value chain in real-time.

Key Topics Covered:

1. Executive Summary

2. Green Hydrogen Market Characteristics

3. Green Hydrogen Market Trends and Strategies

4. Impact Of COVID-19 On Green Hydrogen

5. Green Hydrogen Market Size and Growth

5.1. Global Green Hydrogen Historic Market, 2015-2020, $ Billion

5.1.1. Drivers Of the Market

5.1.2. Restraints On the Market

5.2. Global Green Hydrogen Forecast Market, 2020-2025F, 2030F, $ Billion

5.2.1. Drivers Of the Market

5.2.2. Restraints On the Market

6. Green Hydrogen Market Segmentation

6.1. Global Green Hydrogen Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Alkaline Electrolyzer
• Proton Exchange Membrane Electrolyzer
• Solid Oxide Electrolyzer

6.2. Global Green Hydrogen Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Power Generation
• Transport
• Others

6.3. Global Green Hydrogen Market, Segmentation by End-Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

• Petrochemicals
• Food and Beverages
• Medical
• Chemical
• Glass
• Others

7. Green Hydrogen Market Regional and Country Analysis

7.1. Global Green Hydrogen Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

7.2. Global Green Hydrogen Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion

Companies Mentioned

• Air Liquide
• Air Products and Chemicals Inc.
• Ballard Power Systems
• Engine
• Fuel Cells Works
• Green Hydrogen Systems
• Hydrogenics
• Linde Plc
• Nel Hydrogen
• Nikola Motors
• Plug Power Inc.
• Siemens Energy Global GmbH & Co. KG
• Solena Group
• Toshiba Energy Systems & Solutions Corporation
• Enapter
• ERGOSUP
• Loop Energy Inc.
• Tianjin Mainland Hydrogen Equipment Co. Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/oq58gn

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SÃO PAULO, Brazil--(BUSINESS WIRE)--Emergent Cold Latin America (Emergent LatAm), Latin America’s newest temperature-controlled warehousing and logistics provider, and DP World, a global logistics company and one of the world’s largest marine terminal operators, announced their intention to partner on the development of two temperature-controlled logistics facilities within DP World Logistics Parks in Latin America. These developments will provide Emergent LatAm and DP World customers with a fully integrated supply chain solution.

The developments will be focused on two locations:

• DP World Caucedo (Dominican Republic) is a world-class Logistics Hub and free trade zone located in Punta Caucedo, near the city of Santo Domingo. Caucedo is the newest and most modern port on the island, and a gateway for the Caribbean food trade.
• Duran Logistics Center (Ecuador) began operations in September 2020 as part of a large investment in this important global trade market. Ecuador’s main export commodities include shrimp and bananas.

The parties have also committed to explore development activities in other DP World locations in Latin America to enhance their service offerings and further establish a cold-chain footprint.

“This partnership in these locations is an important step forward in our vision to build the highest quality cold storage network in Latin America,” said Neal Rider, CEO of Emergent LatAm. “DP World is a major player in the region, and we share a commitment to growth in the global food trade. We look forward to working with DP World in delivering a more integrated solution to our customers in their locations.”

“Partnering with Emergent Cold Latam allows us to jointly integrate the refrigerated supply chain of our customer’s and provide logistics solutions that simplify their supply chain,” said Matthew Leech, CEO and Managing Director of DP World Americas Region. “Emergent Cold LATAM fits perfectly with DP World’s Logistics service vision and strategy across the Latam region, enabling trade and expanding our logistics offerings.”

About Emergent Cold Latin America

Emergent Cold Latin America (www.emergentcoldlatam.com) is building the highest quality cold storage network to provide integrated, end-to-end temperature-controlled logistics solutions to customers throughout Latin America. The Company was founded to fill a need for modern cold-chain solutions within the market and to serve the increasing demand from domestic and global trade customers.

About DP World

We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain – from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.

We deliver these services through an interconnected global network of 181 business units in 64 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.

Our dedicated, diverse and professional team of more than 56,000 employees from 140 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships – with governments, shippers, traders, and other stakeholders along the global supply chain – relationships built on a foundation of mutual trust and enduring partnership.

We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.

Media:
Emergent Cold Latin America
Greg Mitchell
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RAM Communications
Ron Margulis
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DP World
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DP World
Paulo Gabriel Setten
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• CEMEX has been included in CDP´s prestigious ‘A List’.
• CDP is one of the leading environmental organizations in the world.
• Rating underscores CEMEX decisive actions to address climate change.

MONTERREY, Mexico--(BUSINESS WIRE)--$CEMEX #CEMEX--CEMEX, S.A.B. de C.V. (“CEMEX”) announced today that it has been recognized for leadership in corporate sustainability by global environmental non-profit CDP, securing a place on its prestigious ‘A List’ for tackling climate change. The company was recognized for its actions to cut emissions, mitigate climate risks and lead in the transition to a low-carbon economy.

CEMEX is one of approximately 200 companies to receive this distinction out of nearly 12,000 firms scored by CDP. According to CDP, CEMEX is leading on corporate environmental ambition, action, and transparency worldwide through significant demonstrable action on climate.

CDP’s annual environmental disclosure and scoring process is widely recognized as the gold standard of corporate environmental transparency. In 2021, over 590 investors with over US$110 trillion in assets and 200 major purchasers with US$5.5 trillion in procurement spend requested companies to disclose data on environmental impacts, risks, and opportunities through CDP’s platform.

Under its Future in Action program, CEMEX announced a climate action target of reducing 40% its CO₂ emissions by 2030. The company´s clean electricity consumption will also increase from the current 29% to 55% by 2030. These goals are the most ambitious in the cement industry and align with the well-below 2°C scenario. These intermediate goals will enable the company to fulfill its 2050 goal of being net-zero carbon in concrete.

“We are pleased with CDP´s recognition of our decarbonization efforts and ambition and happy to join this elite group of climate action leaders,” said Fernando A. Gonzalez, CEO of CEMEX. “We commit to continue leading the industry in climate action, not only because it creates value, but more importantly because it is the right thing to do. CEMEX is building a better future, and that future must be sustainable.”

“Many congratulations to all the companies on this year’s A List. Taking the lead on environmental transparency and action is one of the most important steps businesses can make, even more so in the year of COP26 and the IPCC’s Sixth Assessment Report,” said Paul Simpson, CEO of CDP. “The scale of the risk to businesses from climate change, water insecurity and deforestation can no longer be ignored, and we know the opportunities of action far outweigh the risks of inaction. Leadership from the private sector is essential for securing global ambitions for a net-zero, nature positive and equitable world. Our A List celebrates those companies who are preparing themselves to excel in the economy of the future by taking action today.”

The full list of companies that made this year’s CDP A List is available here, along with other publicly available company scores: https://www.cdp.net/en/companies/companies-scores

About CDP

CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 590 investors with over $110 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Over 14,000 organizations around the world disclosed data through CDP in 2021, including more than 13,000 companies worth over 64% of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.

About CEMEX

CEMEX is a global construction materials company that is building a better future through sustainable products and solutions. CEMEX is committed to achieving carbon neutrality through relentless innovation and industry-leading research and development. CEMEX is at the forefront of the circular economy in the construction value chain and is pioneering ways to increase the use of waste and residues as alternative raw materials and fuels in its operations with the use of new technologies. CEMEX offers cement, ready-mix concrete, aggregates, and urbanization solutions in growing markets around the world, powered by a multinational workforce focused on providing a superior customer experience, enabled by digital technologies. For more information, please visit: cemex.com

CEMEX assumes no obligation to update or correct the information contained in this press release. This press release contains forward-looking statements within the meaning of the U.S. federal securities laws. CEMEX intends these forward-looking statements to be covered by the safe harbor provisions for forward-looking statements in the U.S. federal securities laws. These forward-looking statements reflect CEMEX’s current expectations and projections about future events based on CEMEX’s knowledge of present facts and circumstances and assumptions about future events, as well as CEMEX’s current plans based on such facts and circumstances. These statements necessarily involve risks and uncertainties that could cause actual results to differ materially from CEMEX’s expectations. The content of this press release is for informational purposes only, and you should not construe any such information or other material as legal, tax, investment, financial, or other advice. CEMEX is not responsible for the content of any third-party website or webpage referenced to or accessible through this press release.

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