HOUSTON--(BUSINESS WIRE)--Cheniere Energy Partners, L.P. (“Cheniere Partners”) (NYSE American: CQP) announced today that it has commenced a cash tender offer to purchase any and all of the $1.1 billion aggregate principal amount of its outstanding 5.625% Notes due 2026 (the “Notes”) on the terms set forth in the table below.
Series of Notes |
CUSIP
|
Aggregate
|
Tender
|
Early Tender
|
Total
|
5.625% Notes due 2026 |
16411Q AD3 U16353 AB7 |
$1,100,000,000 |
$980.00 |
$50.00 |
$1,030.00 |
(1) |
Per $1,000 principal amount of Notes validly tendered (and not validly withdrawn) and accepted for purchase by Cheniere Partners. Excludes accrued and unpaid interest, which will be paid on Notes accepted for purchase by Cheniere Partners as described below. |
(2) |
Includes the $50 early tender premium for Notes validly tendered at or prior to the Early Tender Deadline (as defined below) (and not validly withdrawn) and accepted for purchase by Cheniere Partners. |
In connection with the tender offer, Cheniere Partners is soliciting consents from holders of the Notes to amend certain provisions of the indenture governing the Notes (the “Proposed Amendment”). The Proposed Amendment would amend the indenture with respect to the Notes to reduce the minimum notice period to optionally redeem the Notes.
Cheniere Partners will not be obligated to accept for purchase any Notes pursuant to the tender offer unless certain conditions are satisfied or waived by Cheniere Partners, including (1) entry by Cheniere Partners at or prior to the Expiration Date (as defined below) (or Early Tender Deadline, if Cheniere Partners elects to have an early settlement) into a definitive contract providing for the receipt by Cheniere Partners, on terms satisfactory to it in its sole discretion subject to applicable law, of a minimum of $1,200,000,000 in gross proceeds from one or more debt financings and (2) the receipt by Cheniere Partners at or prior to the final settlement date (or early settlement date, if Cheniere Partners elects to have an early settlement) of a minimum of $1,200,000,000 in gross proceeds from one or more debt financings upon fulfillment of customary conditions. The tender offer is not conditioned on any minimum amount of Notes being tendered or receipt of requisite consents to adopt the proposed amendments. Subject to applicable law, Cheniere Partners may amend, extend or terminate the tender offer in its sole discretion.
The tender offer and consent solicitation is being made solely pursuant to the terms and conditions set forth in an Offer to Purchase and Consent Solicitation Statement, dated September 13, 2021. Holders of the Notes are urged to carefully read the Offer to Purchase and Consent Solicitation Statement before making any decision with respect to the tender offer and consent solicitation.
The tender offer and consent solicitation will expire at 12:01 a.m., New York City time, on October 12, 2021, unless extended, earlier expired or terminated by Cheniere Partners (such time and date, as the same may be extended, earlier expired or terminated by Cheniere Partners in its sole discretion, subject to applicable law, the “Expiration Date”). Tendered Notes may be withdrawn and consents delivered may be revoked at or prior to 5:00 p.m., New York City time, on September 24, 2021 by following the procedures in the Offer to Purchase and Consent Solicitation Statement, but may not thereafter be validly withdrawn and validly revoked, except as provided for in the Offer to Purchase and Consent Solicitation Statement or required by applicable law.
Holders of Notes must validly tender and not validly withdraw their Notes and validly deliver and not validly revoke their consents at or prior to 5:00 p.m., New York City time, on September 24, 2021 (such time and date, as the same may be extended by Cheniere Partners in its sole discretion, subject to applicable law, the “Early Tender Deadline”) in order to be eligible to receive the total consideration, which includes the early tender premium for the Notes of $50.00 per $1,000 principal amount of Notes tendered. Holders who validly tender their Notes and deliver their consents after the Early Tender Deadline and at or prior to the Expiration Date will be eligible to receive only the tender consideration, as set forth in the table above. Accrued and unpaid interest will be paid on all Notes validly tendered and accepted for purchase from the last interest payment date up to, but not including, the applicable settlement date.
Cheniere Partners reserves the right, but is under no obligation, at any time after the Early Tender Deadline and before the Expiration Date, to accept for purchase Notes that have been validly tendered and not validly withdrawn at or prior to the Early Tender Deadline on the early settlement date. Cheniere Partners currently expects the early settlement date, if any, to occur on September 27, 2021. If Cheniere Partners chooses to exercise its option to have an early settlement date, Cheniere Partners will purchase any remaining Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and at or prior to the Expiration Date, subject to all conditions to the tender offer having been satisfied or waived by Cheniere Partners, on a date following the Expiration Date. The final settlement date is expected to occur promptly following the Expiration Date, and is currently expected to occur on October 13, 2021, unless extended by Cheniere Partners. If Cheniere Partners chooses not to exercise its option to have an early settlement date, Cheniere Partners will purchase all Notes that have been validly tendered and not validly withdrawn at or prior to the Expiration Date, subject to all conditions to the tender offer having been satisfied or waived by Cheniere Partners, on the final settlement date. Tenders of Notes and delivery of consents submitted after the Expiration Date will not be valid.
On the day hereof and subsequent to the commencement of the tender offer and consent solicitation, we intend to issue a notice of redemption for all or a portion of the Notes that remain outstanding following the consummation or termination of the tender offer pursuant to the existing notice period provisions of the Indenture (the “original notice of redemption”), which will be conditioned upon the receipt of the net proceeds from the Debt Financing and the lack of receipt of the requisite consents on or prior to the Early Tender Deadline. Any such redemption would be made in accordance with the terms of the Base Indenture, as supplemented by the Second Supplemental Indenture, pursuant to which the Notes were issued, and as amended by the Fourth Supplemental Indenture, which provides for a redemption price equal to 102.813% plus accrued and unpaid interest thereon to the redemption date. In addition, assuming the execution and delivery of the Supplemental Indenture, we currently intend, in accordance with the terms and conditions of the Indenture, as may be amended as a result of the Proposed Amendment (which would shorten the minimum notice requirement for optional redemptions), to mail a second notice of redemption to the holders of any outstanding Notes on the Early Settlement Date, if any, that will supersede the original notice of redemption, although we have no legal obligation to do so and the selection of any particular redemption date is in our discretion. Neither this statement of intent nor similar statements of such intent included elsewhere in this press release shall constitute a notice of redemption under the Indenture. Any such notice, if made, will only be made in accordance with the provisions of the Indenture.
Cheniere Partners has retained RBC Capital Markets, LLC to act as the dealer manager and solicitation agent and Ipreo LLC to act as the tender and information agent for the tender offer and consent solicitation. For additional information regarding the terms of the tender offer and consent solicitation, please contact RBC Capital Markets, LLC collect at (212) 618-7843 or toll-free at (877) 381-2099. Requests for copies of the Offer to Purchase and Consent Solicitation Statement and questions regarding the tendering of notes and delivery of consents may be directed to Ipreo LLC at (212) 849-3880 (for banks and brokers) or (888) 593-9546 (all others, toll-free) or email This email address is being protected from spambots. You need JavaScript enabled to view it..
This press release is for informational purposes only and does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
None of Cheniere Partners, the tender and information agent, the dealer manager and solicitation agent or the trustee (nor any of their respective directors, officers, employees or affiliates) makes any recommendation as to whether holders should tender their Notes pursuant to the tender offer and deliver any related consents, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements.” All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere Partners’ business strategy, plans and objectives, including statements regarding the intended conduct, timing and terms of the tender offer and consent solicitation, related financing plans and any future actions by Cheniere Partners in respect of the Notes. Although Cheniere Partners believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere Partners’ actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere Partners’ periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere Partners does not assume a duty to update these forward-looking statements.
Cheniere Partners Contacts
Investors
Randy Bhatia, 713-375-5479
Media Relations
Eben Burnham-Snyder, 713-375-5764
Jenna Palfrey, 713-375-5491
Intuitive tank-level visibility to optimize deliveries, margins and customer service
MINNEAPOLIS--(BUSINESS WIRE)--Graco Inc. (NYSE:GGG), a leading manufacturer of fluid handling equipment, is excited to announce the launch of the Pulse® Level Tank Monitoring system. Choose from multiple tank-level monitoring technologies, including the first system running entirely on Wi-Fi. The Pulse Level system allows you to track tank levels, capture and apply data, and allocate inventory quickly, accurately and confidently from the industry’s leading fluid management expert.
“Tank monitoring is not a new technology, but Graco now offers the most cost-effective long-term solution on the market,” said Tyler Salminen, Product Marketing Manager for Graco’s Lubrication Equipment Division. “With the addition of the Pulse Level system, Graco uniquely offers marketers and end users an end-to-end fluid management solution with components working seamlessly with each other.”
A tank-level monitoring (TLM) system measures the amount of fluid in a tank, giving service centers, fleet garages, mining and construction operations, and industrial manufacturing companies more visibility over inventory levels and dispensed fluids. Managers and owners can use the data to simplify procurement, improve profitability and assess the overall performance of crews and technicians. Petroleum marketers can use TLM software to gain insight into their entire operation, and whether they oversee 20 tanks or 2,000+ tanks, tank fluid levels are tracked and monitored at every location.
Compatible with LTE networks, available in Wi-Fi configurations and incredibly easy to use, the Pulse Level system is the latest in Graco’s storied lineup of fluid management solutions. Designed with the same commitment to quality as our pumps, meters, hose reels and other solutions, the Pulse Level system helps petroleum marketers, service centers, construction crews and in-plant users manage fluids strategically – and reduce costs significantly – with increased visibility of their tank fluid levels.
Graco will be showcasing the Pulse family of fluid management solutions, as well as the latest in lubrication equipment technology, at MINExpo INTERNATIONAL®, which takes place Sept. 13-15, 2021, in Las Vegas, Nevada. Demonstrations can be scheduled for the show by visiting http://www.graco.com/minexpo, and Graco experts are available at booth #2473-North Hall to lend their expertise and answer your questions. For more information or to contact a Graco distributor, visit www.gracopulse.com.
ABOUT GRACO
Graco Inc. supplies technology and expertise for the management of fluids and coatings in both industrial and commercial applications. It designs, manufactures and markets systems and equipment to move, measure, control, dispense and spray fluid and powder materials. A recognized leader in its specialties, Minneapolis-based Graco serves customers around the world in the manufacturing, processing, construction and maintenance industries. For additional information about Graco Inc., please visit us at www.graco.com.
Tegan Scott, 612-379-3695
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SAN ANTONIO--(BUSINESS WIRE)--$vctr #ESG--Victory Capital Holdings, Inc. (NASDAQ: VCTR) (“Victory Capital” or the “Company”) today announced that its wholly owned operating subsidiary Victory Capital Management Inc. has reached a definitive agreement to acquire 100% of New Energy Capital Partners (“NEC”).
NEC will become Victory Capital’s 11th Investment Franchise and represents the Company’s first Franchise focusing exclusively on alternative investments. Founded in 2004 and based in Hanover, New Hampshire, NEC is a leading alternative asset management firm focused on debt and equity investments in clean energy infrastructure projects and companies. The transaction is expected to close during the fourth quarter of 2021 and be immediately accretive to Victory Capital’s earnings.
David Brown, Chairman and CEO of Victory Capital, said, “Launching an alternative investment platform creates an additional path for future growth. The same principles that have led to success in our traditional asset management business will guide the strategy for this part of our business. This includes adding autonomous Investment Franchises, with excellent investment performance track records and managing strategies designed to add value to client portfolios. Our operating and distribution infrastructure will support these Investment Franchises to allow them to stay focused on managing assets and serving clients.
“NEC perfectly embodies all of the characteristics we seek, and we particularly like their specialization in clean and renewable energy, which is a fast-growing market segment.”
With four active private closed-end funds, NEC is invested across both debt and equity instruments and has a diverse investor base of limited partners representing a mix of institutional investors including endowments, foundations, insurance companies, pension plans, health systems, government entities and family offices. With a broadly diversified portfolio of projects, spanning multiple energy markets and geographic jurisdictions, NEC generates returns that are uncorrelated with commodity exposure and traditional energy investments. NEC’s investment process will be unchanged and allow for continued long-term investment excellence.
“We are very excited to be partnering with an industry leader—Victory Capital—to enhance operating support and accelerate our growth trajectory,” said Scott Brown, Founder and CEO of NEC. “Following the transaction’s close, we look forward to benefiting from Victory Capital’s well-established distribution capabilities.
“Since we launched our first fund 17 years ago, the clean energy sector has substantially matured. Technology advancements have led to material declines in production costs and the industry’s economics have now reached a tipping point. This—coupled with increasing attention on climate change and rapidly evolving government standards—bodes well for solar, wind, and hydro technologies to increase their respective shares of the growing electrical generation market.”
In 2020, projects funded by NEC offset more than 4.4 million metric tons of carbon dioxide equivalents. This greenhouse gas abatement equates to planting more than 73 million trees.
Closing is subject to customary approvals, conditions and consents. BofA Securities is serving as financial advisor to Victory Capital, and Willkie Farr & Gallagher LLP is serving as legal advisor to Victory Capital. UBS is serving as financial advisor to NEC, and Choate Hall & Stewart LLP is serving as NEC’s legal advisor.
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “assume,” “budget,” “continue,” “estimate,” “future,” “objective,” “outlook,” “plan,” “potential,” “predict,” “project,” “will,” “can have,” “likely,” “should,” “would,” “could” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond Victory Capital’s control such as the COVID-19 pandemic and its effect on our business, operations and financial results going forward, as discussed in Victory Capital’s filings with the SEC, that could cause Victory Capital’s actual results, performance or achievements to be materially different from the expected results, performance or achievements expressed or implied by such forward-looking statements.
Although it is not possible to identify all such risks and factors, they include, among others, the following: reductions in AUM based on investment performance, client withdrawals, difficult market conditions and other factors such as a pandemic; the nature of the Company’s contracts and investment advisory agreements; the Company’s ability to maintain historical returns and sustain its historical growth; the Company’s dependence on third parties to market its strategies and provide products or services for the operation of its business; the Company’s ability to retain key investment professionals or members of its senior management team; the Company’s reliance on the technology systems supporting its operations; the Company’s ability to successfully acquire and integrate new companies; the concentration of the Company’s investments in long-only small- and mid-cap equity and U.S. clients; risks and uncertainties associated with non-U.S. investments; the Company’s efforts to establish and develop new teams and strategies; the ability of the Company’s investment teams to identify appropriate investment opportunities; the Company’s ability to limit employee misconduct; the Company’s ability to meet the guidelines set by its clients; the Company’s exposure to potential litigation (including administrative or tax proceedings) or regulatory actions; the Company’s ability to implement effective information and cyber security policies, procedures and capabilities; the Company’s substantial indebtedness; the potential impairment of the Company’s goodwill and intangible assets; disruption to the operations of third parties whose functions are integral to the Company’s ETF platform; the Company’s determination that Victory Capital is not required to register as an "investment company" under the 1940 Act; the fluctuation of the Company’s expenses; the Company’s ability to respond to recent trends in the investment management industry; the level of regulation on investment management firms and the Company’s ability to respond to regulatory developments; the competitiveness of the investment management industry; the dual class structure of the Company’s common stock; the level of control over the Company retained by Crestview GP; the Company’s status as an emerging growth company and a controlled company; and other risks and factors listed under "Risk Factors" and elsewhere in the Company’s filings with the SEC.
Such forward-looking statements are based on numerous assumptions regarding Victory Capital’s present and future business strategies and the environment in which it will operate in the future. Any forward-looking statement made in this press release speaks only as of the date hereof. Except as required by law, Victory Capital assumes no obligation to update these forward-looking statements, or to update the reasons actual results could differ materially from those anticipated in the forward-looking statements, even if new information becomes available in the future.
About Victory Capital
Victory Capital is a diversified global asset management firm with $162.9 billion in assets under management as of July 31, 2021. The Company operates a next-generation business model combining boutique investment qualities with the benefits of a fully integrated, centralized operating and distribution platform.
Victory Capital provides specialized investment strategies to institutions, intermediaries, retirement platforms and individual investors. With 10 autonomous Investment Franchises and a Solutions Platform, Victory Capital offers a wide array of investment styles and investment vehicles including, actively managed mutual funds, separately managed accounts, active ETFs, multi-asset class strategies, custom-designed solutions and a 529 College Savings Plan.
For more information, please visit www.vcm.com or follow us: Twitter and LinkedIn
About New Energy Capital
New Energy Capital is a leading alternative asset management firm which invests across the capital structures of small-and mid-sized clean energy infrastructure projects and companies.
Founded in 2004 and headquartered in Hanover, New Hampshire, NEC was one of the first investors to focus on clean energy and infrastructure assets. NEC has delivered a 17-year track record of strong performance on behalf of investors by focusing on real assets which generate stable cash flows based on long-term contracts with utilities and other creditworthy counterparties.
NEC has participated in transactions totaling more than $3 billion in total asset value. The investment team has extensive experience in all aspects of clean infrastructure investing, including evaluating energy markets, projects, and technologies; developing and financing domestic and international power generation, fuels, wastewater management, and distributed generation facilities; founding and managing renewable energy companies; and understanding the public policies that currently shape the landscape for the energy and related infrastructure markets.
Investors:
Matthew Dennis, CFA
Chief of Staff
Director, Investor Relations
216-898-2412
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Media:
Tricia Ross
310-622-8226
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HOUSTON--(BUSINESS WIRE)--#abs--IECus SOLUTIONS today announced it has officially Expanded the Focus of its US-based production facility beyond select loyal customers, to Continue Offering Competitively Priced, Quick-Turn Explosion-Protection System Solutions and Components to Customers Worldwide demanding the most rigorous global specifications.
IECus SOLUTIONS CEO, Frank DAgostino, commented, “IECus Solutions is an ISO 9001:2015 Approved Facility with ATEX QAN & IECEx QAR Quality Management Systems, with certifications for the most rigorous international Hazardous and Safe Area Locations standards and specifications. We set ourselves apart from other hazardous location solutions providers by offering local U.S.-based collaborative design, engineering and manufacturing of IECEx & ATEX Zone 1 & 2 system solutions.
Cory Welch, IECus Solutions President, commented, “Our new design, engineering and production facility enables local US-based Offshore Oil & Gas OEMs’ products that are used in international locations and require global certifications - to have access to a Reliable Trusted Local US-Based Supplier for Global Explosion-Protection Solutions. We provide a Comprehensive Offering of Components with certifications allowing us to serve a broad mix of end-market segments beyond Offshore Oil & Gas.”
About IECus SOLUTIONS LLC.
IECus SOLUTIONS® is a leading Provider of Certified Explosion-Protection System Solutions and Components to the Offshore Oil & Gas and Marine Vessel markets for Hazardous and Safe Area locations. The company has the versatility to meet major certifications, directives and standards through established global manufacturing partnerships and is recognized as a Factory Certified Assembly Partner to International Factory Standards – enabling customers to perform Factory Assembly Testing in our US-based facility.
Randy R Brown – IECus SOLUTIONS LLC.
786.751.0810
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Highlights:
MELBOURNE, Fla.--(BUSINESS WIRE)--L3Harris Technologies (NYSE:LHX) has announced its five team members to bid on the Alliance Future Surveillance and Control (AFSC) program, designed to help NATO replace its Airborne Warning and Control System by 2035.
The team is developing “system-of-systems” options for surveillance and control capabilities across all domains for NATO’s AFSC program. These options provide better intelligence and more responsive control by enabling sensors and systems to share information in air, ground, maritime or space.
The L3Harris team includes defense and security electronics pioneer Hensoldt (Germany); the global, technology-forward solutions company Jacobs (United Kingdom); ground/maritime battle management and command and control leader General Dynamics (Canada & Italy); modeling and simulation synthetic environment leader CAE (Canada); and air command and control (C2), tactical data links and satellite connectivity from global communications leader Viasat (United States).
"The L3Harris team has a shared vision – center on the data enterprise or digital backbone via procurement and integration of a multi-domain AFSC capability,” said Charles R. “CR” Davis, Vice President, L3Harris International. “With collaboration and innovation at the heart of everything we do, the integrated team harnesses the strengths of world-leading experts and leverages decades of diverse experience across all domains.”
The international team will analyze the risks and feasibility of candidate systems-of-systems to enhance the NATO Alliance’s military advantage to 2035 and beyond. The L3Harris team has a unique platform-agnostic approach to NATO’s feasibility study, enabling the delivery of a transformational concept with actionable recommendations.
L3Harris and teammates delivered a High Level Technical Concept (HLTC) study to NATO in 2020. The HLTC focused on data-centric architecture, all aspects of multi-domain surveillance, and control over the full spectrum of benign, permissive, contested and denied operational environments.
About L3Harris Technologies
L3Harris Technologies is an agile global aerospace and defense technology innovator, delivering end-to-end solutions that meet customers’ mission-critical needs. The company provides advanced defense and commercial technologies across air, land, sea, space and cyber domains. L3Harris has approximately $18 billion in annual revenue and 47,000 employees, with customers in more than 100 countries. L3Harris.com.
Forward-Looking Statements
This press release contains forward-looking statements that reflect management's current expectations, assumptions and estimates of future performance and economic conditions. Such statements are made in reliance upon the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. The company cautions investors that any forward-looking statements are subject to risks and uncertainties that may cause actual results and future trends to differ materially from those matters expressed in or implied by such forward-looking statements. Statements about system capabilities and future performance and anticipated contract awards are forward-looking and involve risks and uncertainties. L3Harris disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
Marcella Thompson
Integrated Mission Systems
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214-430-8872
Jim Burke
Corporate
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321-727-9131
Marine defense provider expands product, service portfolio with naval valves and actuators
BELOIT, Wis.--(BUSINESS WIRE)--#USNavy--Fairbanks Morse Defense (FMD), a portfolio company of Arcline Investment Management, has acquired Hunt Valve Company Inc., a specialty manufacturer of naval valves and electromechanical actuators. This acquisition expands FMD’s capabilities and service solutions for shipyard, defense, and industrial customers – including its support for and offerings to the U.S. Nuclear Navy.
The transaction includes Hunt Valve, the Hunt Valve Actuator Division, MB Valve (Montreal Bronze) and Pima Valve, LLC.
“Our core customers value quality, reliability and convenience, and the addition of Hunt Valve to the Fairbanks Morse Defense brand allows us to enhance the customer experience by offering a wider range of aftermarket support services through a single vendor,” said FMD CEO George Whittier. “Hunt Valve has a great senior leadership team that has built a strong brand with a solid customer base, and we welcome them to the Fairbanks Morse Defense team.”
With facilities located in Salem, Ohio and Montreal, Quebec, Canada, Hunt Valve is considered an expert at engineering innovative fluid power solutions for its core defense and industrial customers. Through its four brands, Hunt Valve specializes in manufacturing durable and reliable severe-duty valves, complementary engineered components, and system solutions that can withstand the harshest environments and the toughest applications. Its valves and actuators are used aboard surface ships and submarines, including the Virginia-class submarine, Columbia-class submarine, and Ford-class aircraft carriers. Customers include the U.S. Navy, U.S. Navy shipyards, Naval Supply Systems Command (NAVSUP) and Defense Logistics Agency.
“Opportunities to serve the defense industries are increasing with the need to support aging vessels, and that outlook remains strong with the rapid addition of new platforms to various fleets,” said Charles Ferrer, Hunt Valve CEO. “Becoming part of the Fairbanks Morse Defense team places us in a better position to leverage these opportunities and to accelerate our growth.”
In recent years, FMD has expanded its capabilities, inventory, and geographic presence with several key acquisitions to better serve the defense industry. In January 2021, FMD acquired motor and control solutions provider Ward Leonard. FMD also acquired diesel engine repair and rebuilding service provider BRECO International in November 2020.
Houlihan Lokey served as financial advisor to FMD and Arcline.
About Fairbanks Morse Defense
Fairbanks Morse Defense (FMD) is a leading provider of mission-critical equipment to military and commercial marine customers. For more than 125 years, FMD has been a principal supplier of reliable power systems, parts, and aftermarket service to the U.S. Navy, Military Sealift Command, U.S. Coast Guard, and the Canadian Coast Guard. The company continues supporting the defense industry’s mission-critical operations with high-performance engines manufactured in the USA. OEM parts, expert services, and innovative solutions that improve performance and extend component lifecycles are provided to marine, nuclear, commercial, and export customers. FMD, a portfolio company of Arcline Investment Management, is based in Beloit, Wisconsin. Learn more about FMD by visiting www.fairbanksmorsedefense.com.
About Hunt Valve Company
Hunt Valve brings decades of fluid power engineering innovations and solutions to serve the US Navy, nuclear power, and industrial applications. It specializes in severe duty valves and complementary engineered components and system solutions primarily for U.S. Navy nuclear-powered vessels, including all submarines and carriers in operation as well as the Virginia Class, Ford Class and Columbia Class. To learn more about the Experts in Extreme Engineering, visit http://www.huntvalve.com.
Fairbanks Morse Media Contact:
Mercom Communications
Wendy Prabhu
Tel: 512-215-4452
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WHITE PLAINS, N.Y.--(BUSINESS WIRE)--September 13, 2021-- ITT Inc. (NYSE: ITT) today named Bartek Makowiecki Senior Vice President of Strategy and Business Development, reporting to Luca Savi, President and CEO, ITT Inc. In this role, Makowiecki will drive all strategy and merger and acquisition (M&A) activities across ITT.
Makowiecki joins ITT from Ingredion, where he most recently held the position of Global Head of Strategy, M&A and Venturing. While at Ingredion, he built a world-class strategy function, expanded the company’s growth platforms, and established a new corporate venture capital program to deploy capital to early-stage investments. Prior to Ingredion, Makowiecki held increasingly responsible, global strategy, and M&A roles, including international assignments, at Owens Corning Corporation and Parker-Hannifin Corporation.
"Bartek is an accomplished executive with a proven track record in mergers and acquisitions and portfolio management. His experience greatly benefits ITT, as we look to accelerate our capital deployment strategy,” said Luca Savi, CEO and President of ITT. "Bartek is a unique talent and the right leader to drive our long-term strategy and to continue to generate superior shareholder value."
Makowiecki holds a Master of Business Administration from the Chinese University of Hong Kong and a Bachelor of Arts in international business and finance from Regents University in the U.K. He will be based at ITT’s global headquarters in White Plains, N.Y.
About ITT
ITT is a diversified, leading manufacturer of highly engineered critical components and customized technology solutions for the energy, transportation, and industrial markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y. with employees in more than 35 countries and sales in a total of approximately 125 countries. The company generated 2020 revenues of $2.5 billion. For more information, visit www.itt.com.
Investor Contact
Mark Macaluso
+1 914-641-2064
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Kansas City Southern (NYSE: KSU) (“KCS”) today announced that the KCS Board of Directors determined that CP’s revised proposal constitutes a “Company Superior Proposal” as defined in KCS’s merger agreement with Canadian National Railway Company (TSX: CNR, NYSE: CNI) (“CN”). The KCS Board of Directors made this determination after consultation with the Company’s outside legal and financial advisors.
Under the terms of CP’s proposal, each share of KCS common stock would be exchanged for 2.884 CP common shares and $90 in cash. In addition, holders of KCS preferred stock would receive $37.50 in cash for each share of KCS preferred stock held. The proposal is binding on CP and may be accepted by KCS at any time prior to 5:00 pm EDT on Monday, September 20, 2021. The transaction would be subject to approval by the stockholders of CP and KCS, receipt of regulatory approvals and other customary closing conditions.
KCS has notified CN that it intends to terminate KCS’s merger agreement with CN and enter into the definitive agreement with CP, subject to CN’s right to negotiate amendments to the merger agreement for at least five business days and the KCS Board’s further determination as to whether any such amendments would cause the CP proposal no longer to constitute a “Company Superior Proposal.”
BofA Securities and Morgan Stanley & Co. LLC are serving as financial advisors to Kansas City Southern. Wachtell, Lipton, Rosen & Katz, Baker & Miller PLLC, Davies Ward Phillips & Vineberg LLP, WilmerHale, and White & Case, S.C. are serving as legal counsel to Kansas City Southern.
About Kansas City Southern
Headquartered in Kansas City, Mo., Kansas City Southern (KCS) (NYSE: KSU) is a transportation holding company that has railroad investments in the U.S., Mexico and Panama. Its primary U.S. holding is The Kansas City Southern Railway Company, serving the central and south central U.S. Its international holdings include Kansas City Southern de Mexico, S.A. de C.V., serving northeastern and central Mexico and the port cities of Lázaro Cárdenas, Tampico and Veracruz, and a 50 percent interest in Panama Canal Railway Company, providing ocean-to-ocean freight and passenger service along the Panama Canal. KCS' North American rail holdings and strategic alliances with other North American rail partners are primary components of a unique railway system, linking the commercial and industrial centers of the U.S., Mexico and Canada. More information about KCS can be found at www.kcsouthern.com
Media
C. Doniele Carlson
KCS Corporate Communications & Community Affairs
(816) 983-1372
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Joele Frank, Wilkinson Brimmer Katcher
Tim Lynch / Ed Trissel
(212) 355-4449
Investment Community
Ashley Thorne
Vice President
Investor Relations
(816) 983-1530
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MacKenzie Partners, Inc.
Dan Burch / Laurie Connell
(212) 929-5748 / (212) 378-7071
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70% of all travellers support international vaccine passports; 56% of unvaccinated travellers won’t get vaccinated even if it were required to travel
LONDON--(BUSINESS WIRE)--Travellers are taking to the skies again, but the immediate future of air travel remains highly turbulent, according to OAG’s survey of 1,800-plus U.S. travellers in July and August. Domestic capacity in the U.S. is up 81% from June – August 2021, compared to the same period last year. The increase is being fuelled by strong consumer demand; 70% of consumers surveyed by OAG have booked flights for the future.
While travellers’ willingness to fly is increasing, the Delta variant, increased COVID transmission rates and vaccination preferences weigh heavily on the near and mid-term outlook. The large majority of consumers surveyed by OAG report being fully vaccinated. However, OAG found that only 15% of non-vaccinated individuals plan to get vaccinated before their next trip.
Many airlines and destinations are considering vaccine mandates to strengthen confidence and fight transmission. Sixty-eight percent of all survey respondents said they are interested in or want domestic vaccine passports, and 70% believe vaccine passports should be required for international travel. Alarmingly, of those that said they were not yet vaccinated, 56% said they still wouldn’t get vaccinated even if the airline, airport, or destination required it to travel.
“Vaccine mandates are a polarizing issue. Many airlines, governments and destinations are actively considering mandating vaccines to fly or enter, and the majority of travellers support the use of vaccine passports,” said John Grant, senior analyst at OAG. “While this may add fuel to hot fire, the ongoing strength and resilience of the entire travel market is directly linked to higher vaccination levels and lower transmission rates.”
Other takeaways from OAG’s research include:
For the full survey insights, view the report here, https://www.oag.com/us-traveler-survey. To learn more about OAG, visit https://www.oag.com/.
About OAG
OAG is a leading global travel data provider, that has been powering the growth and innovation of the air travel ecosystem since 1929. Headquartered in the UK, OAG has global operations in the USA, Singapore, Japan, Lithuania and China. For more information, visit: www.oag.com and follow us on Twitter @OAG Aviation.
Chrissy Azevedo
Corporate Ink for OAG
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DALLAS--(BUSINESS WIRE)--Amen Properties, Inc. (Pink Sheets: AMEN) today announced financial results for its fiscal quarter ended June 30, 2021. The Company posted quarterly revenue of $621 thousand and net income of $471 thousand. These results compare to revenue of $20 thousand and net income of $(108) thousand for the same quarter last year. The Company’s improvement in profitability was caused primarily by increased oil and gas revenue resulting from improved market conditions versus 2020 when the pandemic dramatically decreased demand.
Amen also announced that the Company’s Board of Directors has approved the payment of a quarterly dividend of $7.50 per share, to be paid on September 30, 2021, to shareholders of record as of the close of business on September 23, 2021.
Finally, Amen reiterated that its Board has approved a plan whereby the Company will no longer hedge the revenue stream associated with its oil and gas royalties. “Shareholders of Amen need to understand that they hold an un-hedged long oil and gas position and should pursue their own hedging strategy if they are uncomfortable with that risk,” said Kris Oliver, Amen’s Chief Financial Officer.
The Company’s 2021 second quarter report is available for viewing or download from the company’s web site – www.amenproperties.com.
About Amen Properties:
Amen Properties owns a portfolio of cash-producing properties including real estate and oil and gas interests.
Cautionary Statement:
This document contains forward-looking statements, which involve a number of risks and uncertainties that could cause our actual results to differ materially from those reflected in the forward-looking statements. Forward-looking statements can be identified by use of the words "expect," "project," "may," "might," potential," and similar terms. AMEN Properties, Inc. ("Amen", "we" or the "Company") cautions readers that any forward-looking information is not a guarantee of future performance and that actual results could differ materially from those contained in the forward-looking information. Forward-looking statements involve a number of risks, uncertainties or other factors beyond Amen's control. These factors include, but are not limited to, our ability to implement our strategic initiatives, economic, political and market conditions and price fluctuations, government and industry regulation, U.S. and global competition and other factors. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.
Press and Investor Relations Contact:
Kris Oliver
(972) 999-0494
Acceleration of energy transition reflected in new base case scenario that sees total refined product demand peak in 2036, but more drastic scenarios that envision net zero emissions remain unlikely
HOUSTON--(BUSINESS WIRE)--For the first time, the IHS Markit base case scenario for refined products expects total global demand in 2050 to be lower than 2019 levels. However, other more drastic scenarios for falling demand remain unlikely under present conditions. The findings are part of a new analysis by the Refining and Marketing service at IHS Markit, (NYSE: INFO), a world leader in critical information, analytics and solutions.
Under the new IHS Markit Inflections base case scenario, global refined product demand is expected to peak in 2036. The scenario expects that, from 2021 to its 2036 peak, total refined product demand will grow by nearly 9 MMbd. Demand is then expected to decline by more than 5 MMbd to 2050 (to a total of 85.5 MMbd), placing it below 2019 baseline levels. (Total refined products include all production from refineries such as gasoline, jet fuel, diesel, fuel oils, and includes biofuels—but excludes natural gas liquids (NGLs). This is different than total liquids demand, which comprises demand for refined products plus NGLs.)
Excluding biofuels, the demand peak for refined products derived from crude oil processing occurs earlier, in 2032, hastened by an intensification of fuel economy and substitution investments linked to enhanced government and corporate greenhouse gas targets. Biofuels added to refined products is projected to grow over 2 MMbd by 2050, resulting in a near doubling of this lower-carbon fuel source.
“The energy transition has accelerated during COVID-19, and the combination of changing consumer habits and a heightened sense of urgency around climate change will result in greater political commitment and financial backing for decarbonization of the industry,” said Sandeep Sayal, vice president, oil markets and downstream refining, IHS Markit. “However, some of the more accelerated scenarios that envision net zero emissions and dramatically lower oil demand stretch the limits of what is technologically and politically feasible and remain outside of the base case.”
For example, a major acceleration of electrification and the use of green hydrogen well beyond the current trajectory would be required for a net zero emissions case, the IHS Markit research says. It would also require all regions to emerge from the pandemic with significant increases in levels of investment for low or zero carbon technologies, as well as the definition and implementation of numerous policy decisions across all sectors of the economy that have yet to be made, not least due to consumer sentiment regarding cost implications.
“The new IHS Markit base case scenario is ambitious in terms of acknowledging energy transition goals,” Sayal said. “But it reflects a pragmatic and plausible approach to the implementation and timing of those goals, one that factors in economic recovery and demand growth in the medium term before there is a peak.”
Under the scenario, IHS Markit expects all sectors to be affected by the gradual dilution of the role that the traditional refinery plays in energy production as demand for fossil fuels lessens. Road transportation will be impacted with more stringent fuel economy standards, as well as an anticipated increase in plug-in electric vehicle penetration (percent of on-road fleet) from less than 1% of the global on-road fleet today to above 44% by 2050. In the marine sector, alternatives such as hydrogen and ammonia will reduce the share of traditional marine gasoil and heavy fuel oils to below 60%. Biofuels blends will also penetrate demand sectors outside of motor fuels, reaching 15% of global jet fuel demand by 2050.
“This shift is already being reflected in supply-side investment,” said Sayal. “Refiners will have more diversified investment portfolios as product suppliers seek low-carbon solutions to meet overall demand.”
Sayal expects refiners to increasingly look to technology such as biomass and hydrogen while also exploring ways of decarbonizing throughout the entire value chain, including lower carbon crude oil grades and carbon capture at refining sites. Fewer large-scale crude processing investments are expected to be made (and most likely none in Organization for Economic Cooperation and Development countries). However, ongoing investments to meet growing need for petrochemical feedstocks are expected, such as dedicated crude-to-chemicals plants and refinery-petrochemical integrations within current large integrated sites.
IHS Markit expects that more refinery closures will be necessary in addition to the more than 2.3 MMbd distillation capacity already permanently lost during the pandemic.
“Given the reduced need for crude in the refining system going forward, IHS Markit expects more than 3 million barrels per day in additional refining capacity to be lost by 2050,” Sayal said. “There are approximately six million barrels per day of new capacity additions already committed to 2026. So, the math does not add up and something will need to give. There will be closures to come.”
About the findings:
The findings above are the product of the Refining and Product Markets Annual Strategic Workbook and are part of the research that form the crude oil, refined products, NGL and downstream outlook for the 2021 IHS Markit Energy and Climate Scenarios.
Prepared annually, the IHS Markit Energy and Climate Scenarios include three plausible and integrated long-term energy scenarios to 2050, built by country and sector using experts from across the IHS Markit economics, energy, automotive, agriculture, life sciences and maritime divisions.
Each scenario outlines a unique set of assumptions which include economic factors, geopolitical environment and focus on reducing global greenhouse emissions (GHGs) through policies and carbon pricing, COVID-19 containment, consumer behavior, among others.
The refined product outlook findings outlined above are reflected in the base case, Inflections which encompasses an accelerated energy transition that moves in different ways and at different speeds around the world. Alternate scenarios include Green Rules, examining a more super-charged reaction following the pandemic and climate-related disasters where populations demand strong government action and cooperation, and Discord which projects a more dysfunctional world in which the political turmoil of 2020 returns after a short rebound, hampering economic growth and creating investment uncertainty and inertia.
IHS Markit also prepares two net zero cases with the predetermined outcome of reaching global net zero GHG emissions by 2050 and “backcast” to the present. Each of the three scenarios and two net zero cases has different implications for primary and final energy demand, and for global GHG emissions and temperature paths going forward.
For more information: Visit the IHS Markit Refining and Marketing service and the Global Crude Oil Markets service or contact This email address is being protected from spambots. You need JavaScript enabled to view it..
For media inquiries contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About IHS Markit (www.ihsmarkit.com)
IHS Markit (NYSE: INFO) is a world leader in critical information, analytics and solutions for the major industries and markets that drive economies worldwide. The company delivers next-generation information, analytics and solutions to customers in business, finance and government, improving their operational efficiency and providing deep insights that lead to well-informed, confident decisions. IHS Markit has more than 50,000 business and government customers, including 80 percent of the Fortune Global 500 and the world’s leading financial institutions. Headquartered in London, IHS Markit is committed to sustainable, profitable growth.
IHS Markit is a registered trademark of IHS Markit Ltd. and/or its affiliates. All other company and product names may be trademarks of their respective owners © 2021 IHS Markit Ltd. All rights reserved.
Jeff Marn
IHS Markit
+1 202 463 8213
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Press Team
+1 303 858 6417
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OVERLAND PARK, Kan.--(BUSINESS WIRE)--Tortoise Power and Energy Infrastructure Fund, Inc. (NYSE: TPZ) today declared the September monthly distribution of $0.06 per share payable on September 30, 2021, to shareholders of record on September 23, 2021.
Additionally, Ecofin Sustainable and Social Impact Term Fund (NYSE: TEAF) provides an update on the fund’s direct investments, portfolio asset allocation, structure types and impact statistics as of August 31, 2021, on the company website here. On a monthly basis, details on each private deal that has taken place over the prior month will be published here. The list includes all deals completed since the fund’s inception through August 31, 2021. Updates will continue to be posted on a monthly basis until the fund reaches its target of 60% direct investments.
You should not draw any conclusions about TPZ’s investment performance from the amount of this distribution or from the terms of TPZ’s distribution policy.
TPZ estimates that it has distributed more than its income and net realized capital gains; therefore, a portion of the distribution may be return of capital. A return of capital may occur, for example, when some or all of the money that you invested in TPZ is paid back to you. A return of capital distribution does not necessarily reflect TPZ’s investment performance and should not be confused with “yield” or “income.”
TPZ will report the sources for its distributions at the time of the payment in the applicable Section 19(a) Notice. The amounts and sources of distributions TPZ reports are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the amounts for tax reporting purposes will depend upon TPZ’s investment experience during the remainder of its fiscal year and may be subject to changes based on tax regulations. TPZ will send you a Form 1099-DIV for the calendar year that will tell you how to report these distributions for federal income tax purposes.
Tortoise Capital Advisors, L.L.C. (also dba TCA Advisors) (“TCA”) is the adviser to Tortoise Power and Energy Infrastructure Fund, Inc. and Ecofin Sustainable and Social Impact Term Fund. Ecofin Advisors Limited is a sub-adviser to Ecofin Sustainable and Social Impact Term Fund.
For additional information on these funds, please visit cef.tortoiseecofin.com.
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. For additional information, please visit www.TortoiseEcofin.com.
Safe harbor statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical fact, included herein are "forward-looking statements." Although the funds and TCA believe that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the fund’s reports that are filed with the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required by law, the funds and TCA do not assume a duty to update this forward-looking statement.
Maggie Zastrow
(913) 981-1020
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SAN RAMON, Calif. & HOUSTON--(BUSINESS WIRE)--Chevron U.S.A. Inc., through its Chevron New Energies division, and a subsidiary of Enterprise Products Partners L.P. (NYSE: EPD) announced a framework to study and evaluate opportunities for carbon dioxide (CO2) capture, utilization, and storage (CCUS) from their respective business operations in the U.S. Midcontinent and Gulf Coast. The companies expect the initial phase of the study in which they will evaluate specific business opportunities to last about six months.
“This joint effort has the potential to advance our ongoing work to grow our lower carbon businesses with commercial scale using the industry expertise both companies bring to the project,” said Jeff Gustavson, president of Chevron New Energies. “International climate change scientists working with the United Nations have identified carbon capture as a critical technology needed to help the global energy system transition to a lower carbon future.”
The companies have successfully worked together on prior business opportunities and believe they bring complementary capabilities to successfully pursue CCUS. Projects resulting from the evaluation would seek to combine Enterprise’s extensive midstream pipeline and storage network with Chevron’s sub-surface expertise to create opportunities to capture, aggregate, transport and sequester carbon dioxide in support of the evolving energy landscape.
“The joint study with Chevron is part of our growing focus on developing and utilizing new technologies and leveraging our transportation and storage network in order to better manage our own carbon footprint and provide customers with new midstream services to support a lower carbon economy,” said A.J. “Jim” Teague, co-chief executive officer of Enterprise’s general partner. “Our success in upgrading and repurposing existing assets will be important to the success of any initiative we move forward with.”
Chevron is one of the world’s leading integrated energy companies. We believe affordable, reliable and ever-cleaner energy is essential to achieving a more prosperous and sustainable world. Chevron produces crude oil and natural gas; manufactures transportation fuels, lubricants, petrochemicals and additives; and develops technologies that enhance our business and the industry. To advance a lower-carbon future, we are focused on cost efficiently lowering our carbon intensity, increasing renewables and offsets in support of our business, and investing in low-carbon technologies that enable commercial solutions. More information about Chevron is available at www.chevron.com.
Enterprise Products Partners L.P. is one of the largest publicly traded partnerships and a leading North American provider of midstream energy services to producers and consumers of natural gas, NGLs, crude oil, refined products and petrochemicals. Our services include: natural gas gathering, treating, processing, transportation and storage; NGL transportation, fractionation, storage and export and import terminals; crude oil gathering, transportation, storage and export and import terminals; petrochemical and refined products transportation, storage, export and import terminals and related services; and a marine transportation business that operates primarily on the United States inland and Intracoastal Waterway systems. The partnership’s assets include approximately 50,000 miles of pipelines; 260 million barrels of storage capacity for NGLs, crude oil, refined products and petrochemicals; and 14 Bcf of natural gas storage capacity. Please visit www.enterpriseproducts.com for more information.
CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF “SAFE HARBOR” PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
This news release contains forward-looking statements relating to Chevron’s operations that are based on management's current expectations, estimates and projections about the petroleum, chemicals and other energy-related industries. Words or phrases such as “anticipates,” “expects,” “intends,” “plans,” “targets,” “advances,” “commits,” “drives,” “aims,” “forecasts,” “projects,” “believes,” “approaches,” “seeks,” “schedules,” “estimates,” “positions,” “pursues,” “may,” “can,” “could,” “should,” “will,” “budgets,” “outlook,” “trends,” “guidance,” “focus,” “on track,” “goals,” “objectives,” “strategies,” “opportunities,” “poised,” “potential” and similar expressions are intended to identify such forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, many of which are beyond the company’s control and are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in such forward-looking statements. The reader should not place undue reliance on these forward-looking statements, which speak only as of the date of this news release. Unless legally required, Chevron undertakes no obligation to update publicly any forward-looking statements, whether as a result of new information, future events or otherwise.
Among the important factors that could cause actual results to differ materially from those in the forward-looking statements are: changing crude oil and natural gas prices and demand for our products, and production curtailments due to market conditions; crude oil production quotas or other actions that might be imposed by the Organization of Petroleum Exporting Countries and other producing countries; public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics, and any related government policies and actions; changing economic, regulatory and political environments in the various countries in which the company operates; general domestic and international economic and political conditions; changing refining, marketing and chemicals margins; the company’s ability to realize anticipated cost savings, expenditure reductions and efficiencies associated with enterprise transformation initiatives; actions of competitors or regulators; timing of exploration expenses; timing of crude oil liftings; the competitiveness of alternate-energy sources or product substitutes; technological developments; the results of operations and financial condition of the company’s suppliers, vendors, partners and equity affiliates, particularly during extended periods of low prices for crude oil and natural gas during the COVID-19 pandemic; the inability or failure of the company’s joint-venture partners to fund their share of operations and development activities; the potential failure to achieve expected net production from existing and future crude oil and natural gas development projects; potential delays in the development, construction or start-up of planned projects; the potential disruption or interruption of the company’s operations due to war, accidents, political events, civil unrest, severe weather, cyber threats, terrorist acts, or other natural or human causes beyond the company’s control; the potential liability for remedial actions or assessments under existing or future environmental regulations and litigation; significant operational, investment or product changes undertaken or required by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce greenhouse gas emissions; the potential liability resulting from pending or future litigation; the company's ability to achieve the anticipated benefits from the acquisition of Noble Energy, Inc.; the company’s future acquisitions or dispositions of assets or shares or the delay or failure of such transactions to close based on required closing conditions; the potential for gains and losses from asset dispositions or impairments; government mandated sales, divestitures, recapitalizations, taxes and tax audits, tariffs, sanctions, changes in fiscal terms or restrictions on scope of company operations; foreign currency movements compared with the U.S. dollar; material reductions in corporate liquidity and access to debt markets; the receipt of required Board authorizations to pay future dividends; the effects of changed accounting rules under generally accepted accounting principles promulgated by rule-setting bodies; the company’s ability to identify and mitigate the risks and hazards inherent in operating in the global energy industry; and the factors set forth under the heading “Risk Factors” on pages 18 through 23 of the company's 2020 Annual Report on Form 10-K and in other subsequent filings with the U.S. Securities and Exchange Commission. Other unpredictable or unknown factors not discussed in this news release could also have material adverse effects on forward-looking statements.
Enterprise Forward-looking Statement
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical fact, included herein that address activities, events, developments or transactions that Enterprise and its general partner expect, believe or anticipate will or may occur in the future are forward-looking statements. These forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from expectations, including required approvals by regulatory agencies, the possibility that the anticipated benefits from such activities, events, developments or transactions cannot be fully realized, the possibility that costs or difficulties related thereto will be greater than expected, the impact of competition, and other risk factors included in Enterprise’s reports filed with the Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates. Except as required by law, Enterprise does not intend to update or revise their respective forward-looking statements, whether as a result of new information, future events or otherwise.
Chevron contact: Sean Comey +1 925-842-5509
Enterprise contacts: Randy Burkhalter, Investor Relations 713-381-6812 or 866-230-0745
Rick Rainey, Media Relations 713-381-3635
OVERLAND PARK, Kan.--(BUSINESS WIRE)--TortoiseEcofin today announced upcoming additions and deletions to its indices as part of its regular quarterly rebalancing for the third quarter of 2021. Following the close of trading on September 17, 2021, the indices will be rebalanced and as a result, the following changes will become effective.
Tortoise MLP Index® |
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(TMLP/TMLPT) |
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Action |
Company |
Ticker |
Deletion |
Hoegh LNG Partners LP |
HMLP |
Tortoise North American Pipeline IndexSM |
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(TNAP/TNAPT) |
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Action |
Company |
Ticker |
Addition |
DT Midstream Inc. |
DTM |
Ecofin Global Water ESG Index SM |
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(EGWESG/EGWESGT) |
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Action |
Company |
Ticker |
Deletion |
Cia de Saneamento Basico do Estado de Sao Paulo |
SBS |
Ecofin Global Digital Payments Infrastructure Index SM |
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(TPMT/TPAYMENT) |
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Action |
Company |
Ticker |
Deletion |
Splitit Ltd |
SPT AU |
Full constituent lists for each index from the second quarter rebalance can be found here:
Tortoise MLP Index® (TMLP):
https://tortoiseecofin.com/media/1528/tmlp-constituent-overview-61821.pdf
Tortoise North American Pipeline IndexSM (TNAP):
https://tortoiseecofin.com/media/1530/tnap-constituent-overview-61821.pdf
Ecofin Global Water ESG Index SM (EGWESG):
https://tortoiseecofin.com/media/1260/egwesg-constituent-overview-61821.pdf
Ecofin Global Digital Payments Infrastructure Index SM (TPMT):
https://tortoiseecofin.com/media/1539/tpmt-constituent-overview-61821.pdf
About TortoiseEcofin
TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior living. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, visit www.TortoiseEcofin.com.
The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.
The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification (“SIC”) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).
The Ecofin Global Water ESG IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.
The indices mentioned above are the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM,and Ecofin Global Water ESG IndexSM (the “Indices”). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).
The Ecofin Global Digital Payments Infrastructure IndexSM represents the existing global digital payments landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in digital payments, including merchant processing and settlement, real time record keeping, settlement networks, and Fintech products/ services that facilitate the ease, efficiency, and speed of electronic transactions. This includes companies whose primary business is comprised of one or a combination of the following categories: credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments Fintech) or online financial services market places.
This index mentioned above is the exclusive property of TIS Advisors and is calculated by Solactive AG (“Solactive”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG (“Solactive”) in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.
This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. TortoiseEcofin makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.
Safe Harbor Statement
This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.
For more information contact Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.
Tennessee Renewable Energy Pioneer Joins 36 Top Global Startups To Launch Pilots With 100+ Accelerator Sponsors AB InBev, Unilever, The Coca-Cola Company, and Colgate-Palmolive
FRANKLIN, Tenn.--(BUSINESS WIRE)--Enexor BioEnergy, LLC, of Franklin, Tenn., the renewable energy and carbon conversion solution for organic, biomass, and plastic waste problems, announced that it has been selected into the prestigious 100+ Accelerator to find solutions to the world’s most pressing environmental and social challenges.
Sponsored by AB InBev, Unilever, The Coca-Cola Company, and Colgate-Palmolive, 100+ Accelerator selected 36 startups out of over 1,000 applicants from across the world to solve the sustainability challenges of their supply chains, with Enexor in their Climate Action category.
“Enexor BioEnergy’s ability to create affordable renewable energy and carbon and plastic credits addresses numerous challenges,” stated Maisie Devine, AB InBev’s global director and managing partner of 100+ Accelerator. “We are excited to welcome them into our Accelerator program and see them become a key solution.”
Enexor’s patented Bio-CHP system is easily transportable. This plug-and-play system allows for quick deployment and on-site mobilization around the world. Enexor’s unique business model enables immediate cost savings and sustainability for its customers.
This selection builds on an exciting year for Enexor, including a $10 million investment from BorgWarner Inc., selection into Google’s Climate Change Accelerator and Halliburton Company’s Clean-Tech Labs Accelerator, and winning the United Nations World Tourism Sustainable Development Goals Startup Competition.
“We are honored and excited to be joining 100+ Accelerator,” stated Lee Jestings, Enexor founder and CEO. “We look forward to launching pilots with these corporate sponsors to convert the organic and plastic waste generated in their operations into affordable renewable energy, helping them to save money on energy and waste costs while expediting their sustainability goals.”
About Enexor BioEnergy
Enexor BioEnergy provides on-site, renewable energy and carbon conversion solutions. Enexor’s patented bioenergy system derives value from organic and plastic waste by producing 24/7 continuous power and thermal energy for facilities and microgrids worldwide from inside a 20-foot custom shipping container. The Bio-CHP systems are designed to be deployable next to a retail store in the United States, hurricane-exposed areas in the Caribbean, or a village in Africa. Enexor manufactures its systems at its headquarters in Franklin, Tenn., a Nashville suburb. More at www.enexor.com.
Robert Grajewski
704-929-7426
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SEATTLE--(BUSINESS WIRE)--i(x) investments (“i(x)” or the “Company”), a permanently capitalized holding company focused on the Energy Transition and Sustainability in the Built Environment (“SIBE”), is delighted to announce that A.P. Moller – Maersk (“Maersk”) has agreed to acquire a minority stake in i(x)’s key holding company, WasteFuel Global LLC (“WasteFuel”), which produces renewable fuels using proven technologies to address the climate emergency and revolutionize mobility. The announcement by Maersk also highlights the opportunity for a long-term offtake agreement to supply green bio-methanol at scale for its new fleet of “green” container ships.
The Maersk investment is an important and high-profile endorsement of i(x) investments’ strategy to create long-term enterprise value in combination with positive, measurable environmental and social impact. i(x) invests catalytic capital and deploys strategic resources to enable its holdings to achieve growth at scale.
i(x) investments is led by an executive team with broad and deep experience within the finance industry, including private equity, venture capital, growth capital, real estate and capital markets. CEO Steve Oyer, formerly of Lazard and Brookfield, is supported by private equity and global special situations specialist, Pär Lindström, CIO, and former Macquarie Senior VP, Marc Chennault as CFO. Nick Hurd, former UK Government Minister and Convenor of the Climate Change working group of the Conservative Party's Quality of Life Policy Group, is Non-Executive Chairman.
In addition to WasteFuel, i(x)’s holdings include Enphys (renewable power) and Carbon Engineering (carbon to value) and sustainable real estate firms, MultiGreen Properties and Sustainable Living Innovations.
WasteFuel, which is currently i(x)’s largest holding, is focused on converting municipal (trash) and agricultural waste into low-carbon fuels, renewable natural gas, and green methanol. WasteFuel’s first project, which is to convert waste into sustainable aviation fuel, is under development in Manila, Philippines. Maersk’s acquisition of a minority stake in WasteFuel reflects the shipping giant’s stated commitment to decarbonize its fleet: it recently announced a US$1.4 billion investment in methanol-fueled ships and has committed to being carbon neutral by 2050.
Steve Oyer, CEO of i(x) investments, said:
“From our perspective, we see capital, when deployed intentionally, having the power to improve the sustainability of our planet and the communities in which we live. Our mission is to utilise our shareholders’ capital, our collective experience and sphere of influence as a catalyst to help solve the intractable problems of climate change through proven technology and new industrial-scale businesses.
“The greatest challenges facing our world also create the greatest opportunities for entrepreneurs and investors. i(x) investments was founded on this principle with the aim of providing top-tier, risk-adjusted returns with measurable impact that align with the values and mission of our stakeholders.
“WasteFuel’s new relationship with Maersk is a significant endorsement of the quality of our holdings and our strategy. We all congratulate Trevor Neilson, i(x)’s Co-founder and former CEO and Chairman, and his team for this important milestone.”
Trevor Neilson, Co-founder, Chairman and CEO of WasteFuel, said:
“We are delighted to be entering into this partnership with Maersk and to be working with them to help achieve their goal of a fully net zero fleet by 2050.
“WasteFuel is a firm believer in the power of technology to solve the challenges presented by climate change. We are grateful for the early investment and continued support from i(x) investments, without which there would be no WasteFuel.”
About i(x) investments
Founded in 2015, i(x) investments is a permanently capitalized holding company for investors who want to create long-term enterprise value in combination with positive, measurable social impact. i(x) believes the world’s biggest problems are also the biggest market opportunities and invests in areas of human need. i(x)’s current holdings focus on the Energy Transition and Sustainability in the Built Environment. The company uses a multi-strategy investment approach throughout the entire capital structure.
For more information on i(x) investments, please visit https://www.ix-investments.com/ or email This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information on WasteFuel, please visit https://www.WasteFuel.com/ or email This email address is being protected from spambots. You need JavaScript enabled to view it..
TraceCarbon leverages the BlockApps STRATO blockchain platform for sustainability tracking and corporate reporting
NEW YORK--(BUSINESS WIRE)--BlockApps, the leading enterprise blockchain platform provider, has launched its newest offering, the net zero TraceCarbon blockchain enterprise network. Developed for the industry by the industry, TraceCarbon provides sustainability traceability for the CO2e ecosystem, enabling compliance and transparency in processes like corporate reporting and product lifecycle analysis, as well as improved project effectiveness. The network is built on BlockApps’ proven STRATO technology, with applications running in production for several years.
Emission tracking capabilities are becoming ever more important from a regulatory and compliance standpoint, as governments implement and update targets that private businesses need to be flexible enough to accommodate. TraceCarbon provides a standardized, secure, and reliable record of carbon emissions and offsets that companies can trace back to the source for their own records, as well as for reporting purposes to maximize transparency.
“BlockApps’ TraceCarbon ecosystem has met the moment,” says Dr. Jonathan Hollander, Product Manager of CarbonSig. “Companies have awoken to their need for carbon accounting and transparent reporting – whether spurred by regulatory compliance or voluntary goal setting. CarbonSig allows for product level recording of emissions resulting from business activities and assigns them to goods and services. With this data available on TraceCarbon, the value offering is amplified by its connected services. The partnership between CarbonSig and TraceCarbon makes it a one-stop shop for better understanding corporate and product emissions.”
There are a wide range of activities and methodologies that need to be tracked to calculate CO2e emissions and offsets, and the existing process to date has been manual, error-prone, and not standardized. TraceCarbon is a flexible, scalable platform that gives a clear, real-time picture of emissions across the business to enable accuracy in reporting and more meaningful, data-driven action on sustainability metrics. The data gathered is protected through a powerful combination of role-based access control and private chain capabilities to help ensure security and continuity in a rapidly changing environment.
The TraceCarbon Network runs on BlockApps’ cloud-agnostic STRATO platform, a flexible, enterprise-grade, Ethereum-based blockchain solution for building and running business networks with built-in security. This shared infrastructure incentivizes greater cooperation and collaboration across businesses.
The platform is also extensible and can integrate other value-added technologies and solutions in the industry. FuelTrust CEO, Jonathan Arneault states that “TraceCarbon allows ready access to FuelTrust’s advanced AI that validates carbon emissions to help reduce their environmental footprint and collaborate with partners creating a more profitably sustainable business lifecycle.”
The release of TraceCarbon comes in the wake of the successful TraceHarvest, the blockchain traceability network designed in partnership with Bayer Crop Science to track the full provenance of agricultural products, starting with the seed source. TraceCarbon, is a natural next step in BlockApps’ suite of offerings and demonstrates the company’s commitment to leading by example in using innovative and responsible approaches to improve the efficiency and accountability of companies moving towards a greener future.
“Until now, companies have been unable to provide accurate information on their sustainability efforts. In fact, to avoid over reporting, they reduced emission reduction estimates by as much as 50%, resulting in missed opportunities and unnecessary expenditures,” said Kieren James-Lubin, President and CEO at BlockApps. “TraceCarbon gives companies real-time insight into their sustainability goals and enables cost savings not just in compliance, but the identification of new revenue streams with better access to data. To make these benefits as accessible and meaningful as possible, we prioritized ensuring that onboarding was low barrier and making TraceCarbon a net zero solution.”
Businesses interested in reducing their emissions and improving reporting capabilities can now join TraceCarbon and learn more about how blockchain technology can meet their business needs by visiting www.blockapps.net/tracecarbon.
About BlockApps
BlockApps is the leading provider of blockchain technology for business networks. Our platform, BlockApps STRATO, powers industry networks in energy, finance, agriculture, live events, travel and many more. Founded in 2015, BlockApps has created several industry innovations including the launch of Blockchain as a Service with Microsoft, founding the Enterprise Ethereum Alliance (the world’s large open standard blockchain organization) and being the first blockchain company to partner with all major cloud platforms (Azure, Amazon Web Services, Google Cloud Platform). For more information, visit and contact us at www.blockapps.net, or find us on social media via LinkedIn, YouTube and Twitter.
Justin Ordman, phone +1 857-217-2912
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DUBLIN--(BUSINESS WIRE)--The "Container Fleet Market Research Report by Type, by Region - Global Forecast to 2026 - Cumulative Impact of COVID-19" report has been added to ResearchAndMarkets.com's offering.
The Global Container Fleet Market size was estimated at USD 19.69 Billion in 2020 and expected to reach USD 21.61 Billion in 2021, at a Compound Annual Growth Rate (CAGR) 10.11% to reach USD 35.10 Billion by 2026.
Competitive Strategic Window:
The Competitive Strategic Window analyses the competitive landscape in terms of markets, applications, and geographies to help the vendor define an alignment or fit between their capabilities and opportunities for future growth prospects. It describes the optimal or favorable fit for the vendors to adopt successive merger and acquisition strategies, geography expansion, research & development, and new product introduction strategies to execute further business expansion and growth during a forecast period.
FPNV Positioning Matrix:
The FPNV Positioning Matrix evaluates and categorizes the vendors in the Container Fleet Market based on Business Strategy (Business Growth, Industry Coverage, Financial Viability, and Channel Support) and Product Satisfaction (Value for Money, Ease of Use, Product Features, and Customer Support) that aids businesses in better decision making and understanding the competitive landscape.
Market Share Analysis:
The Market Share Analysis offers the analysis of vendors considering their contribution to the overall market. It provides the idea of its revenue generation into the overall market compared to other vendors in the space. It provides insights into how vendors are performing in terms of revenue generation and customer base compared to others. Knowing market share offers an idea of the size and competitiveness of the vendors for the base year. It reveals the market characteristics in terms of accumulation, fragmentation, dominance, and amalgamation traits.
Company Usability Profiles:
The report profoundly explores the recent significant developments by the leading vendors and innovation profiles in the Global Container Fleet Market, including China Ocean Shipping Company, CMA CGM, Evergreen Marine Corporation (Taiwan) Ltd., Hapag Lloyd, Hyundai Merchant Marine Co. Ltd., Kawasaki Kisen Kaisha Ltd., Maersk Line, Mediterranean Shipping Corporation S.A., Mitsui O.S.K. Lines, Ltd, and Westfal-Larsen Shipping A/S.
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyze penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the Global Container Fleet Market?
2. What are the inhibiting factors and impact of COVID-19 shaping the Global Container Fleet Market during the forecast period?
3. Which are the products/segments/applications/areas to invest in over the forecast period in the Global Container Fleet Market?
4. What is the competitive strategic window for opportunities in the Global Container Fleet Market?
5. What are the technology trends and regulatory frameworks in the Global Container Fleet Market?
6. What is the market share of the leading vendors in the Global Container Fleet Market?
7. What modes and strategic moves are considered suitable for entering the Global Container Fleet Market?
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/he827m
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Five UK water utilities now deploying connected worker solutions across their operations to keep workers safe
CALGARY, Canada & COLECHESTER, United Kingdom--(BUSINESS WIRE)--#canadiantech--Blackline Safety Corp. (TSX: BLN), a global leader of gas detection and connected safety solutions, today announced the close of two contracts with UK Water Authorities valued at $2.2 million. With this, Blackline has now secured its 5th water authority contract in the United Kingdom.
The first contract is a new customer including a 3-year service contract, valued at $0.5m and replaces the company’s existing gas detection fleet with Blackline Safety’s G7 connected wearables.
The second contract, valued at $1.7m, is an expansion and upgrade of the existing deployment of Blackline Safety G7 lone worker devices to include gas detection. New G7 gas detection units are also being added, to replace legacy non-connected devices.
“The combination of a customer renewing and expanding their G7 deployment, along with a new Water Authority signing on, demonstrates our understanding of the water and wastewater challenges—a key growth market for us,” said Cody Slater, CEO and Chair for Blackline Safety.
Over the last four years, five of the 12 UK Water Authorities have gone to RFP for gas detection and/ or lone worker safety solutions – and Blackline Safety G7 has been chosen each time.
“These new contracts confirm the digital transition of the UK water industry to smart, connected wearable technology that gives valuable insights via real-time data, to improve safety for their people and ensure that everyone goes home safe. The G7 is an all-in-one solution for lone worker safety, gas detection and compliance”, said Gavin Boorman, Managing Director for Blackline Safety Europe.
About Blackline Safety
Blackline Safety is a global connected safety leader that helps to ensure every worker gets their job done and returns home safely each day. Blackline provides wearable safety technology, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and increase productivity of organizations with coverage in more than 100 countries. Blackline Safety wearables provide a lifeline to tens of thousands of people, having reported over 155 billion data-points and initiated over five million emergency responses. Armed with cellular and satellite connectivity, we ensure that help is never too far away. For more information, visit www.BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram.
MEDIA
Christine Gillies
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Cell phone: +1 403-629-9434
DUBLIN--(BUSINESS WIRE)--The "Wind Power - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Wind Power Market to Reach 69.7 Thousand Megawatts by 2027
Amid the COVID-19 crisis, the global market for Wind Power estimated at 58.3 Thousand Megawatts in the year 2020, is projected to reach a revised size of 69.7 Thousand Megawatts by 2027, growing at a CAGR of 2.6% over the period 2020-2027.
The U.S. Market is Estimated at 15.8 Thousand Megawatts, While China is Forecast to Grow at 4.8% CAGR
The Wind Power market in the U.S. is estimated at 15.8 Thousand Megawatts in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of 14 Thousand Megawatts by the year 2027 trailing a CAGR of 4.8% over the analysis period 2020 to 2027.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 0.6% and 1.9% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 1.2% CAGR.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/ago3cd
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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