LONDON--(BUSINESS WIRE)--Global Ports Holding Plc ("GPH"), the world's largest independent cruise port operator, and affiliates of Sixth Street, a leading global investment firm, today announced that they have entered into a $261 million financing arrangement. This new investment from Sixth Street will strengthen GPH’s balance sheet and provide flexible growth capital for GPH to pursue expansion opportunities at a dynamic juncture in the global cruise industry.
“As the world’s largest independent cruise port operator, this timely capital raise reinforces our position as the market leader and gives us the financial flexibility to take advantage of growth opportunities with the resumption of cruising,” said H. Emre Sayın, CEO of Global Ports Holding Plc. “We appreciate Sixth Street providing us with financing certainty at an important moment for the global cruise industry, and we look forward to using this capital to continue to expand our business.”
“GPH operates ports in some of the most important cruise hubs in the Caribbean and Mediterranean and benefits from real scale across the world’s major cruise destinations,” said Michael Griffin, Partner at Sixth Street and head of the Specialty Lending team in Europe. “We believe GPH is well-positioned to continue to grow its long-term relationships in key markets as the cruise industry and the local economies that depend on it begin to recover.”
The transaction is expected to close in June 2021.
About Global Ports Holding Plc
Global Ports Holding Plc is the world's largest independent cruise port operator with an established presence in the Caribbean, Mediterranean, and Asia-Pacific regions. GPH was established in 2004 as an international port operator with a diversified portfolio of cruise and commercial ports. As an independent cruise port operator, the group holds a unique position in the cruise port landscape, operating 20 ports in 13 countries.
About Sixth Street
Sixth Street is a global investment firm with over $50 billion in assets under management and more than 300 team members across nine global locations. Sixth Street operates as one global team using its flexible, long-term capital, cross-platform approach, and data-enabled capabilities to pursue thematic opportunities and provide solutions for companies across all stages of growth. Sixth Street operates nine diversified, collaborative investment platforms: TAO, Growth, Specialty Lending, Fundamental Strategies, Infrastructure, Opportunities, Insurance, Agriculture, and Credit Market Strategies. The Specialty Lending team based in London focuses on providing flexible capital and creative financing solutions for leading European companies. For more information about Sixth Street’s Specialty Lending business in Europe, visit www.sixthstreet.com/sle or follow Sixth Street on LinkedIn.
Global Ports Holding Plc Media:
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Sixth Street Media Contacts
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NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced it was awarded approximately $256,000 in funding from the Pennsylvania Department of Environmental Protection as part of the 2020 Alternative Fuels Incentive Grant (AFIG) Program. The grant will be used to demonstrate the economic and environmental benefits of renewable natural gas (RNG) and Ingevity’s adsorbed natural gas (ANG) vehicle platform with eight fleets throughout Pennsylvania. Representing the first use of ANG technology in the state, the AFIG award will cover half of the incremental cost to equip 28 Ford Super Duty F-250 trucks and Ford Transit vans with ANG technology and install complementary low-pressure fueling appliances for participants, as well as costs associated with data collection and analysis.
Ingevity’s grant proposal was supported by a majority of the state’s natural gas utilities, including Columbia Gas of Pennsylvania, National Fuel Gas, Peoples Natural Gas, Philadelphia Gas Works and UGI Corporation, as well as commercial partners such as Range Resources, Bloxdorf Contracting, Gateway Engineers and In City Farms. Participating fleets will cover the remaining 50% of the ANG vehicle upfit and fueling appliance costs.
“This award represents an important endorsement of the ANG platform in Pennsylvania as an economically viable, sustainable fueling solution,” said David Newton, vice president, corporate strategy, at Ingevity. “This is a significant leap as we continue to demonstrate the benefits of RNG as a transportation fuel in fleets across the U.S. We remain focused on growing ANG awareness and adoption through additional grant and subsidy opportunities, fleet partnerships, and collaboration with OEMs to adapt ANG technology on future light-duty vehicle platforms. We are honored to be an AFIG recipient and look forward to working closely with these fleet partners.”
ANG technology is made possible by the unique characteristics of Ingevity’s Nuchar® FuelSorb™ hardwood-based activated carbon, reducing the onboard storage pressure of natural gas to enable a low-cost and more environmentally friendly natural gas fueling solution for light-duty trucks and vans that – when using RNG - Natural Gas Vehicles of America cites can lower greenhouse gas emissions by up to 125%. The participants included in Ingevity’s award join a growing number of U.S. natural gas utilities and commercial stakeholders investing in ANG-equipped vehicles, including SoCalGas, Atlanta Gas Light, Ozinga Energy and the City of Orlando.
Since 1992, Pennsylvania’s Department of Environmental Protection has awarded AFIG Program funding annually to novel alternative fuel solutions in an effort to incentivize municipalities, utilities and corporations to invest in innovative technology that benefits the environment and supports economic development.
Ingevity: Purify, Protect and Enhance
Ingevity provides products and technologies that purify, protect and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers, and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,750 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.
Caroline Monahan
843-740-2068
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Investors:
Bill Hamilton
843-740-2138
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BAKERSFIELD, Calif.--(BUSINESS WIRE)--Global Clean Energy Holdings, Inc (OTCQB: GCEH) and ExxonMobil have expanded their five-year agreement to increase ExxonMobil’s purchase of renewable diesel. To learn more, visit ExxonMobil’s May 20th, 2021 follow-up post on its Energy Factor blog (original August 2020 post). Highlights include:
ExxonMobil will be the exclusive buyer of renewable diesel produced from Global Clean Energy’s biorefinery, located in Bakersfield, California, which is on schedule to begin production in early 2022. The renewable diesel leverages Global Clean Energy’s patented camelina crop, which can significantly reduce life-cycle greenhouse gas emissions.
“Our work at the Bakersfield biorefinery is a perfect example of what can be accomplished when an industry leader like ExxonMobil supports a growing renewables company like Global Clean Energy with long-term contracts,” said Richard Palmer President & CEO of Global Clean Energy Holdings. “By working together across traditional agricultural, energy and supply chain lines, we are showing how agriculture and energy, big and small, can collaborate to bring lower-carbon fuels to market.”
Based on analysis of California Air Resources Board data, renewable diesel from various non-petroleum feedstocks can provide life-cycle greenhouse gas emissions reductions of approximately 40 percent to 80 percent compared to petroleum-based diesel. When cultivated as a cover crop on rotational dryland, camelina can help meet the growing global demand for lower-carbon non-petroleum feedstocks.
“Our expanded agreement with Global Clean Energy reinforces ExxonMobil’s longstanding efforts to support society’s ambitions for lower-emission fuels,” said Ian Carr, president of ExxonMobil Fuels and Lubricants Company. “Through our growing relationship, we remain focused on bringing renewable fuels to market that make meaningful contributions to help consumers reduce their emissions.”
The Bakersfield biorefinery will process up to 15,000 barrels per day of renewable feedstocks, including Global Clean Energy’s proprietary camelina. The balance of renewable diesel will be produced using various non-petroleum feedstocks, including used cooking oil, soybean oil, distillers’ corn oil and other renewable sources.
The original agreement signed in August 2020 between Global Clean Energy Holdings and ExxonMobil, committed ExxonMobil to purchase 2.5 million barrels of renewable diesel per year from Global Clean Energy’s Bakersfield biorefinery. Following production startup, ExxonMobil plans to distribute the renewable diesel within California and potentially other U.S. and international markets.
About Global Clean Energy
Global Clean Energy Holdings, Inc. (OTCQB:GCEH) is a uniquely positioned vertically integrated renewable fuels company. GCEH’s strategy has been consistent from the company’s inception; control the full integration of the supply chain from the development, production, and processing of feedstocks through to the refining and distribution of renewable fuels, making it the only integrated farm-to-fuel renewable diesel producer of its kind.
GCEH’s plant science subsidiary, Sustainable Oils, Inc., is the world’s leading developer of camelina, a fast-growing, low input, dryland farmed rotation crop. As it is cultivated on unirrigated fallow land, camelina does not displace food or create indirect land use change. It also allows farmers to improve total farm economics through better overall asset utilization.
GCEH is retooling and constructing its renewable diesel refinery in Bakersfield, California, which when completed in early 2022 will be the only integrated farm-to-fuel renewable diesel production facility of its kind, processing both camelina as well as traditional biofuel feedstocks such as plant oils and waste products. It will be the largest renewable fuels facility in the western United States and the largest in the country that produces renewable fuels from non-food based feedstocks.
To learn more, visit gceholdings.com. Follow us on Twitter and LinkedIn
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor. Follow us on Twitter and LinkedIn.
Cautionary Statement
Statements of future events, plans or product offerings in this release are forward-looking statements. Actual future results, including product offerings, refinery start-up dates, delivery timing. available capacity, and the impact and results of new technologies on product efficiency and life-cycle emission reductions could vary depending on the outcome of general business conditions; further research and testing; the development and competitiveness of alternative technologies; the ability to scale pilot projects on a cost-effective basis; political and regulatory mandates, incentives and other developments; and other factors discussed in this release and under the heading “Factors Affecting Future Results” on the Investors page of ExxonMobil’s website at exxonmobil.com.
Global Clean Energy Holdings Media Relations
Melody Kean Haller, 424-318-3518
ExxonMobil Media Relations
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HOUSTON--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, is pleased to announce the addition of Austin Harbour as a managing director within the energy and power investment banking group. He will be focused on oilfield services and equipment and will be based in the firm’s Houston office.
Harbour brings more than 10 years of experience in the oilfield services and equipment sector. He has advised on some of the largest M&A and restructuring transactions in the space and served in various financial and strategic management roles. He was previously with Piper Sandler from 2012-2014. Prior to re-joining the firm, Harbour was the chief financial officer of Superior Energy Services’ NAM business. Prior to that, he was a director in the energy group at Lazard Freres & Co. LLC. Harbour earned a bachelor’s degree in business management from Texas Christian University and a Master of Business Administration from the Mays Business School at Texas A&M University.
“We are excited to welcome Austin back to the firm as we continue to grow the depth and breadth of our team,” said Sanjiv Shah, global co-head of energy and power investment banking at Piper Sandler. “Austin brings specialized industry knowledge and deep relationships that will benefit our clients.”
Piper Sandler’s energy and power investment banking group services domestic and international clients across several subsectors including renewables and clean energy, energy and power infrastructure, energy technology, oilfield services and equipment, midstream and downstream and upstream. Earlier this month, the firm welcomed Robert Sternthal to broaden its renewables and clean energy platform. With the additions of Harbour and Sternthal, the broader energy and power team is now comprised of 19 managing directors.
ABOUT PIPER SANDLER
Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership®. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Private equity strategies and fixed income advisory services are offered through separately registered advisory affiliates.
Follow Piper Sandler: LinkedIn | Facebook | Twitter
©2021. Since 1895. Piper Sandler Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036
Pamela Steensland
Tel: 612 303-8185
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COLUMBUS, Ind. & TOLEDO, Spain--(BUSINESS WIRE)--Global power leader Cummins Inc. (NYSE: CMI) joined today government leaders and partner Iberdrola, one of the world’s largest energy companies, to announce its plans for one of the world’s largest electrolyzer plants for the production of green hydrogen to be located in Castilla-La Mancha, Spain. This investment in Spain comes on the heels of Iberdrola and Cummins’ decision to partner together on large-scale hydrogen production projects in Spain and Portugal.
The companies have signed an agreement to accelerate the growth of business opportunities in the electrolyzer market of Iberia, promoting the green hydrogen value chain and making Spain a leader of this technology and industry. This alliance helps to position Cummins as a leading supplier of electrolyzer systems for large-scale projects in Iberia and Iberdrola as a leading developer of electrolyzer projects and hydrogen supplier to final industrial customers.
“Spain offers a strong and dynamic local environment for hydrogen production, and we are excited to invest here and significantly increase our manufacturing capacity in Europe,” said Tom Linebarger, Chairman and CEO of Cummins. “Our partnership with Iberdrola will connect us with a major clean energy company and strategically positions us to be a European leader in green hydrogen production. We believe that this is just the start of our expansion into new markets, bringing new clean technology to customers, and supporting efforts to bring the European Union’s Green Deal to fruition. As communities move toward zero emissions, this is the latest example of Cummins’ global effort to achieve carbon neutrality and accelerate the hydrogen economy.”
Ignacio Galán, Chairman and CEO of Iberdrola, said, “This initiative will accelerate the production of green hydrogen in Spain and will create a new industry, the manufacturing of electrolyzer systems, with high growth potential. We continue to make progress in our ambitious plan to put Spain and Europe at the global forefront of this technology by reducing energy dependence and fossil fuel consumption while driving the country's economic and social revitalization.” He added, “We congratulate ourselves on the choice to locate the project in a region that we value and in which we maintain a historic presence and commitment. This joint initiative will contribute to the economic, industrial and quality employment development in the region and will reinforce its great innovative commitment to a decisive technology for the decarbonization of the industry.”
A site selection search within the Guadalajara area of Castilla-La Mancha is currently underway for Cummins’ new €50-million PEM electrolyzer plant that will house system assembly and testing for approximately 500 MW/year and will be scalable to more than 1 GW/year. The facility, which will initially be 22,000 square meters, is anticipated to open in 2023, creating 350 new jobs as production ramps up. Cummins is rapidly growing its capabilities to provide hydrogen technologies at scale, which is critical to the world’s green energy transition through the hydrogen economy. Cummins has deployed more than 600 electrolyzers in 100 countries globally.
As part of this alliance, the 230-MW green hydrogen project in Palos de la Frontera (Huelva, Andalusia, Spain) - that Iberdrola has planned for the leading fertilizer producer Fertiberia - will become a benchmark for large electrolysis projects. Cummins will be the electrolyzer supplier for the Palos project and through the experience acquired in the project, Iberdrola and Cummins will jointly collaborate in the design of solutions for large electrolysis projects. Cummins and Iberdrola are also collaborating on a hydrogen refueling station in Barcelona, Spain with additional partnership and broader collaboration opportunities anticipated in the future.
Cummins’ ability to construct a state-of-the-art electrolyzer facility in Spain is a result of the strong support from the Castilla-La Mancha and Spanish governments. Additionally, with Spain’s support, this plant and partnership will accelerate the ability of green hydrogen to play a critical role in reducing greenhouse gas and air emissions from industrial industries to meet the goals in limiting global temperature increases laid out in the Paris Agreement and the European Union’s Green Deal, as well as help to deploy the Spanish and European hydrogen strategies. The plant will also enable Cummins to achieve carbon neutrality by 2050 as outlined in the company’s Planet 2050 sustainability strategy.
Iberdrola has submitted 53 hydrogen-related projects to the Next Generation EU program, which would activate investments of €2.5 billion to achieve an annual production of 60,000 tn/year. The green hydrogen production capacity under this plan would be equivalent to 20% of the national target (4GW installed capacity by 2030) and would ensure that around 25% of the hydrogen currently consumed by Spain would not generate any CO2 emissions. This and related Iberdrola hydrogen projects are anticipated to fuel economic and job growth, contributing to the creation of approximately 4,000 skilled jobs across 500 local suppliers.
In Castilla-La Mancha, Iberdrola operates 2,376 MW of renewable energy - wind power and photovoltaic - which makes it the third autonomous community with the highest 'green' megawatts installed by Iberdrola in Spain. Recently, the company has completed three photovoltaic projects in the region, totaling 150 MW, and builds Puertollano photovoltaic plant (100 MW).
About Iberdrola
Iberdrola is one of the world's biggest energy companies - third by market capitalization in the world and leader in renewables - which is spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. It carries out renewables, networks and commercial activities in Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia, and, as growth platforms, it is present in markets such as Japan, Ireland, Sweden and Poland, among others. With a workforce of more than 37,000 and assets in excess of €122.5 billion, in 2020, it achieved a turnover of €33 billion and a net profit of over €3.6 billion. The company contributes to sustain 400,000 jobs along its supply chain, with annual procurement of €14 billion. A benchmark in the fight against climate change, it has allocated more than €120 billion over the last two decades to building a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
About Cummins Inc.
Cummins Inc., a global power leader, is a corporation of complementary business segments that design, manufacture, distribute and service a broad portfolio of power solutions. The company’s products range from diesel, natural gas, electric and hybrid powertrains and powertrain-related components including filtration, aftertreatment, turbochargers, fuel systems, controls systems, air handling systems, automated transmissions, electric power generation systems, batteries, electrified power systems, hydrogen generation and fuel cell products. Headquartered in Columbus, Indiana (U.S.), since its founding in 1919, Cummins employs approximately 57,800 people committed to powering a more prosperous world through three global corporate responsibility priorities critical to healthy communities: education, environment and equality of opportunity. Cummins serves its customers online, through a network of company-owned and independent distributor locations, and through thousands of dealer locations worldwide and earned about $1.8 billion on sales of $19.8 billion in 2020. Learn more at cummins.com.
Jon Mills
Cummins Inc.
Phone: 317-658-4540
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Susana Sanjuan
Iberdrola
M: +34 677946805
Francisco Calderon
M: +34 654642160
New partner program, “Charged by Delta-Q,” facilitates innovation and collaboration among the electric battery, charging and equipment sectors
VANCOUVER, British Columbia--(BUSINESS WIRE)--Delta-Q Technologies (Delta-Q) today announced the launch of its new partner program, “Charged by Delta-Q” to provide battery and battery management system (BMS) manufacturers with the tools, brand association and access to pursue new opportunities with original equipment manufacturers (OEMs). The program allows battery partners to combine marketing efforts with Delta-Q and offers global OEMs access to a curated network of existing and compatible battery and charging solutions.
“Delta-Q’s compatibility program is an exciting opportunity for us to build our brand, establish deeper trust with customers, and grow our business,” said Lloyd Gomm, Vice President of Business Development with Delta-Q. “By signifying our compatibility with our battery partners, we’re able to expand our reach and showcase the true quality and reliability of our solutions to OEMs.”
The compatibility program was created to give OEMs confidence that the battery and charger combination will provide their electric products with best-in-class performance, prolonged battery life and maximum uptime. Through the program, OEMs can view tested algorithms and integrations with Delta-Q’s chargers and variety of batteries.
As part of the program, battery partners receive a “Charged by Delta-Q” marking for use on their products, packaging and marketing materials, which they can utilize as they look to grow their revenue streams and target new industries or regions that Delta-Q currently operates in. The logo signifies to OEMs that the battery or BMS was iteratively tested and validated with Delta-Q’s chargers and by its team of engineers. In addition, the program will allow the aftermarket to look for the “Charged by Delta-Q” mark on a battery or BMS during the replacement process.
“This program is an important milestone as we look to advance engagement and collaboration across manufacturers in the electric drive vehicle and industrial equipment sectors,” said Steve Blaine, Co-CEO and EVP of Engineering and Quality with Delta-Q. “Our compatibility program aims to help our battery partners leverage Delta-Q’s brand and global footprint to drive their business forward and enter new markets. We’re thrilled about the potential of this program and eager to see the innovations that result.”
Participating manufacturers will be included in a comprehensive table of product types on Delta-Q’s website.
To learn more about the program, visit https://hubs.ly/H0NTh1t0.
About Delta-Q Technologies
Delta-Q Technologies is charging the future and driving the world’s transition into electric energy! We collaboratively design, test, and manufacture robust battery chargers, that improve the performance of our customer’s electric drive vehicles and industrial machines. As the supplier of choice for Tier 1 OEMs, we use our values, perseverance, and engineering expertise to guide our customers through the electrification process for a sustainable world.
We are part of the Zapi Group of companies and headquartered in Vancouver, Canada. Delta-Q’s team and distribution spans across five continents to service industries such as electric golf cars, lift trucks, aerial work platforms, e-mobility, floor care machines, utility/recreational vehicles, and new markets, like outdoor power equipment.
Amanda Yeo, Delta-Q Technologies
Marketing Manager
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DUBLIN--(BUSINESS WIRE)--The "Global Offshore AUV & ROV Market, By Product Type (AUV, ROV), By Propulsion System (Hybrid System, Electric System, Mechanical System), By Depth, By Application, By End User, By Region, Competition Forecast & Opportunities, 2016-2026" report has been added to ResearchAndMarkets.com's offering.
The Global Offshore AUV & ROV Market was valued USD 3.53 Billion in 2020 and is expected to grow at an impressive rate of 11.48% CAGR during 2021-2026.
The Global Offshore AUV & ROV Market is driven by the increasing offshore oil & gas discoveries in different countries across the globe.
Additionally, these AUVs & ROVs help in detecting submerged rocks and obstructions and raise alarms & alerts. As a result of this they are highly preferred and used in the navigational system of marine vehicles. However, this is quite capital intensive and requires huge investment thereby restricting the market growth during the forecast period.
The exceptional services offered by autonomous underwater vehicle (AUV) as well as remotely operated vehicles (ROV) have created a huge demand across the world. The excessive use of fossil fuels has led to an increasing adoption of AUV and ROV among end-users across the world. The constantly rising demand for hydrocarbons has encouraged companies to focus on offshore drilling activities, to enhance green energy.
The role of AUVs in studying seafloors before construction of subs-seas infrastructure has fueled the demand for AUVs in recent years. Additionally, the incorporation of technologies such as intelligent control systems and sensor-based steering will contribute to an increase in the demand for AUVs and ROVs across the world. The report encompasses several factors that have constituted an increase in the Global Offshore AUV & ROV Market.
Regionally, the offshore AUV & ROV market has been segmented into various regions including Asia-Pacific, North America, South America, Europe, and Middle East & Africa. Among these regions, North America is expected to dominate the overall offshore AUV & ROV market owing to the increasing oil & gas projects especially in the U.S. and Mexico.
Major companies are developing advanced technologies and launching new products to stay competitive in the market. Other competitive strategies include mergers & acquisitions and new product developments.
Objective of the Study:
The major players operating in the offshore AUV & ROV market are:
Years considered for this report:
Report Scope:
Global Offshore AUV & ROV Market, By Product Type:
Global Offshore AUV & ROV Market, By Propulsion System:
Global Offshore AUV & ROV Market, By Depth:
Global Offshore AUV & ROV Market, By Application:
Global Offshore AUV & ROV Market, By End-User:
Global Offshore AUV & ROV Market, By Region:
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Impact of COVID-19 on Global Offshore AUV & ROV Market
4. Executive Summary
5. Voice of Customer
6. Global Offshore AUV & ROV Market Outlook
7. Asia-Pacific Offshore AUV & ROV Market Outlook
8. Europe Offshore ROV & AUV Market Outlook
9. North America Offshore ROV & AUV Market Outlook
10. Middle East & Africa Offshore ROV & AUV Market Outlook
11. South America Offshore ROV & AUV Market Outlook
12. Market Dynamics
13. Market Trends & Developments
14. Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/obxrau
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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India Marks the Latest Addition as APM Terminals Continues Global Rollout of N4 Across its Terminal Network as Part of Technology Upgrade
OAKLAND, Calif.--(BUSINESS WIRE)--#Logistics--Navis, the provider of operational technologies and services that unlock greater performance and efficiency for leading organizations throughout the global shipping industry, announced that APM Terminals successfully completed the latest implementation of N4 within its network of terminals – at the APMT Mumbai location. Also known as Gateway Terminals India (GTI), the facility joins the more than 30 other APMT sites leveraging N4 as the standard TOS and with the system in place, GTI is better equipped to provide significant enhancements in the interactive tools available to its customers while simultaneously driving efficiencies.
“The implementation of Navis N4 3.8 at GTI Mumbai was long overdue and a welcome milestone. The partnership between APM Terminals and Navis resulted in a virtually trouble-free implementation that will elevate our Mumbai terminal,” said Patrick Heilig, Head of Terminal Operations Systems at APMT. “By adopting our standard TOS GTI will gain numerous long-term advantages. It enables the sharing of best practices for improved efficiency; a foundation for deploying Navis’ advanced modules such as PrimeRoute; the development of in-house expertise that understands our customers and our business; centralized monitoring and support; and faster, cost-effective global development of front-end applications for customers.”
Located in the Nhava Sheva's Jawaharlal Nehru Port, across the bay of Mumbai, GTI Mumbai is India's busiest container terminal, handling more than 2 million TEUs annually. The implementation of N4 opens the door to new benefits including:
● Better Visibility and Data Exchange: The implementation of N4 will enable a host of improved interfaces to help customers better engage with the terminal – including greater visibility into container tracking as well as truck turn times to enable better planning for container pick-up/drop-off. GTI Mumbai will also have the ability to share its data at the container level, via its API products, providing live information feeds to customers to support improved, real-time decision making.
● Advanced Global Monitoring: N4 will also be integrated as part of an advanced, global application monitoring solution that is being rolled out across all of APMT’s locations. Capable of monitoring end-to-end performance, the solution can spot issues with performance before they start to negatively impact operations. This ensures business continuity, improves terminal efficiency, and safeguards consistency (peak moves per hour) by ensuring that applications consistently operate at the speed they’re supposed to. It will also prevent minor problems from combining to cause a major outage.
“Despite limitations brought on by the pandemic, APMT has not wavered in its commitment to roll out N4 to all of its terminals globally, with the goal of having one standardized TOS by the end of 2021,” said Charles Gerard, General Manager, APAC, at Navis. “We’re proud that N4 was selected as the critical technology component that will enable all APMT sites to meet their business objectives and deliver first-rate customer service and by taking advantage of the N4 toolbox, GTI Mumbai is now well equipped to deliver on the goals it has set for 2021 and beyond.”
To learn more, visit www.navis.com.
About Navis, LLC
Navis, a part of Cargotec Corporation, is a provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organizations across the cargo supply chain. Navis combines industry best practices with innovative technology and world-class services, to enable our customers, regardless of cargo type, to maximize performance and reduce risk. Through its holistic approach to operational optimization, Navis customers benefit from improved visibility, velocity and measurable business results. Whether tracking cargo through a terminal, improving vessel safety and cargo capacity, optimizing rail network planning and asset utilization, automating equipment operations, or managing multiple terminals through an integrated, centralized solution, Navis helps all customers streamline operations. www.navis.com
About Cargotec Corporation
Cargotec (Nasdaq Helsinki: CGCBV) enables smarter cargo flow for a better everyday with its leading cargo handling solutions and services. Cargotec's business areas Kalmar, Hiab and MacGregor are pioneers in their fields. Through their unique position in ports, at sea and on roads, they optimise global cargo flows and create sustainable customer value. Cargotec has signed United Nations Global Compact’s Business Ambition for 1.5°C. The company’s sales in 2020 totaled approximately EUR 3.3 billion and it employs around 11,500 people. www.cargotec.com
Jennifer Grinold
Navis, LLC
T+1 510 499 7621
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Geena Pickering
Affect
T+1 212 398 9680
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DENVER--(BUSINESS WIRE)--P2 Energy Solutions (P2), the leader in software solutions for the upstream oil and gas market, today announced that Mary Lyke, Senior Vice President of the Americas and EMEA, has been named one of the 2021 Top 50 Most Powerful Women in Technology by the National Diversity Council. The award honors female leaders who have become champions for diversity in the technology industry, as well as inspirations in their communities.
“I’m honored to be recognized as one of the top 50 women in tech, and especially pleased to join a diverse and dynamic group of women who are breaking barriers and setting such high standards for themselves and others,” Lyke said. “Working in an industry like oil and gas has presented unique challenges, but through my mentoring and involvement with groups that are committed to diversity, equity, and inclusion, I’m proud to have the opportunity to mentor and invest in the next generation of female professionals who are striving to attain leadership positions at the highest levels of their organizations.”
“We are tremendously proud to see Mary being celebrated for her accomplishments in this way,” said Scott Lockhart, CEO of P2 Energy Solutions. “We’re especially grateful that, ever since her arrival at P2 more than eight years ago, she has been a tremendous role model and mentor for our future leaders.”
Lyke is an experienced sales leader, skilled in enterprise software, sales, customer relationship management, and strategic partnerships. As the senior vice president of the Americas and EMEA, she oversees all revenue streams for the company in those areas. In her role, Lyke is responsible for the company’s revenue generation, customer renewals, partner management, and marketing functions. Additionally, she guides P2’s strategic investing efforts, ongoing and continuous improvement initiatives, and social responsibility objectives.
Lyke is executive sponsor of P2’s Diversity Committee, which aims to promote equal opportunity and inclusion efforts. She is also a member of P2’s executive leadership team that has committed to their communities by providing funds for Hurricane Harvey, COVID-19 food banks, and more.
Prior to joining P2, Mary was in sales leadership positions at SunGard Financial Systems and Continental Airlines. A resident of Conroe, Texas, she holds a Bachelor of Arts degree from Sam Houston State University.
About The Top 50 Women in Technology Award
The Top 50 Women in Tech Award recognizes the achievements of women who are breaking barriers and setting high standards for themselves and others. Recipients are female leaders who have made increasingly significant contributions throughout their career to their company and overall technology industry. They seek to improve not just their departments and companies, but their communities as well, and they strive to eliminate the gender gap in the technology C-suite. To see the full list of the 2021 Top 50 Women in Tech awardees, visit top50tech.org.
About P2 Energy Solutions
P2 Energy Solutions (P2) is the world’s largest independent provider of software and data solutions exclusively serving the upstream oil and gas industry. Professionals from more than 1,700 companies around the world rely on P2’s integrated oil and gas data, land, accounting, and production solutions to optimize their business processes and performance. To learn more, go to www.p2energysolutions.com.
Dan Wilinsky
Media Relations
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PG&E Has Requested CPUC Permission to Return Net Gain Realized on the Sale to Customers
Relocation to Oakland is Expected to Result in Substantial Long-Term Cost Savings
SAN FRANCISCO--(BUSINESS WIRE)--PG&E Corporation and Pacific Gas and Electric Company (together, “PG&E” or the “company”) today announced an agreement to sell the company’s San Francisco headquarters complex, which includes 77 Beale Street and 245 Market Street, to Hines Atlas US LP, a Delaware limited partnership, for $800 million. In keeping with commitments PG&E made last year, the company is seeking California Public Utilities Commission (“CPUC”) approval to return the net gain realized on the sale to PG&E customers.
CBRE’s San Francisco Capital Markets team served as PG&E’s exclusive listing broker.
PG&E remains on track for a phased move into its new headquarters at 300 Lakeside Drive in Oakland, beginning in the first half of 2022. The move is part of PG&E's broader commitment to implement changes for the long-term benefit of its customers and communities. PG&E expects the move to Oakland to result in substantially lower headquarters costs over a long-term period.
“We are working hard every day to make fundamental changes at PG&E and become the utility our customers expect and deserve,” said PG&E Corporation Chief Executive Officer Patti Poppe. “We’ve made a commitment to keep customer costs as low as possible, and one way we’re following through on that is by selling non-core assets including real estate. This sale and relocation will achieve cost savings that directly help reduce customer bills. At the same time, it will give us an efficient and effective Bay Area workspace as we focus on delivering for all of the communities we serve.”
Under the terms of the sale agreement, the transaction closing is contingent on CPUC approval of the sale. PG&E will be proposing to the CPUC to distribute approximately $390 million to $420 million to customers resulting from the gain on sale over a five-year period to offset future customer rates. This offset would help moderate rate growth as the company continues to make significant safety and operational investments.
The new Oakland headquarters uses space more efficiently for PG&E's workforce and provides greater flexibility in its layout and density. Its design can both promote workplace health and safety and accommodate potential new working arrangements in a post-COVID-19 environment. In addition, commutes for most PG&E headquarters-based coworkers should be shorter and less impactful, with a majority living in the East Bay and with multiple transportation options serving the Lakeside Drive location.
“We’re so excited to deepen our ties to the wonderful Oakland community. As an economic and innovation hub for California, Oakland is the perfect place for PG&E to call our hometown,” continued Ms. Poppe.
PG&E also plans to consolidate two other East Bay satellite office locations—3401 Crow Canyon Road in San Ramon and 1850 Gateway Boulevard in Concord—into the new Oakland headquarters. This overall plan simplifies PG&E's Bay Area real estate footprint and further lowers its real estate costs for the benefit of customers.
This sale is consistent with PG&E’s focus on financial health and customer affordability and is not anticipated to have an impact on its 2021 equity needs. In addition, PG&E announced another strategic sale of non-core assets earlier this year: the $973 million sale of transmission tower wireless licenses to SBA Communications Corporation.
About PG&E Corporation
PG&E Corporation (NYSE: PCG) is a holding company headquartered in San Francisco. It is the parent company of Pacific Gas and Electric Company, an energy company that serves 16 million Californians across a 70,000-square-mile service area in Northern and Central California. For more information, visit http://www.pgecorp.com. In this press release, they are together referred to as “PG&E.”
Forward-Looking Statements
This news release contains forward-looking statements that are not historical facts, including statements about the beliefs, expectations, estimates, future plans and strategies of PG&E Corporation and Pacific Gas and Electric Company, including but not limited to the sale of the San Francisco headquarters complex. These statements are based on current expectations and assumptions, which management believes are reasonable, and on information currently available to management, but are necessarily subject to various risks and uncertainties. In addition to the risk that these assumptions prove to be inaccurate, factors that could cause actual results to differ materially from those contemplated by the forward-looking statements include factors disclosed in PG&E Corporation and Pacific Gas and Electric Company’s joint annual report on Form 10-K for the year ended December 31, 2020, their most recent quarterly report on Form 10-Q for the quarter ended March 31, 2021, and other reports filed with the SEC, which are available on PG&E Corporation's website at www.pgecorp.com and on the SEC website at www.sec.gov. PG&E Corporation and Pacific Gas and Electric Company undertake no obligation to publicly update or revise any forward-looking statements, whether due to new information, future events or otherwise, except to the extent required by law.
Media Relations
415.973.5930
MILLBRAE, Calif.--(BUSINESS WIRE)--#AI--Stem, Inc. (“Stem” or the “Company”) (NYSE: STEM), a global leader in artificial intelligence (AI)-driven clean energy storage services, today announced the appointment of Matt Tappin as Vice President of Corporate Development and his addition to the Stem executive leadership team. In this role, Tappin will lead the development and execution of the Company’s inorganic growth strategy, including mergers and acquisitions (M&A), investments, joint ventures, and related matters.
Tappin brings significant experience in developing corporate strategy related to the energy transition and executing those plans to drive growth. Prior to joining Stem, he held senior corporate development positions at Royal Dutch Shell, where he focused on investments in the electricity sector, and Centrica, where he led global corporate development for the distributed energy business. In these roles, he combined strategy development with transaction execution, completing a range of corporate acquisitions, investments, partnerships, and new business initiatives. Earlier in his career, he was an investment banker in Lazard's Power, Energy & Infrastructure Group and a corporate attorney at Simpson Thacher & Bartlett. Tappin earned his J.D. from Duke University School of Law and B.A. from Washington University in St. Louis.
“There are significant tailwinds driving storage growth, from the Biden administration's commitment to renewables, to corporate demand for sustainable solutions, and global adoption of both behind the meter and front of the meter energy storage,” said John Carrington, Director and CEO at Stem. “As Stem adds new capabilities and geographic scale to its business, we welcome Matt’s expertise in corporate development and M&A. Matt will help us frame and prioritize the wide array of strategic opportunities available to us with our strong balance sheet and lead execution as we grow inorganically.”
"Stem has unmatched energy storage experience and market leading software and is providing transformational value-added services to the grid. I look forward to helping the Company develop and execute its growth strategy during this pivotal chapter as a new public company," said Tappin.
About Stem, Inc.
Stem (NYSE: STEM) provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class AI-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter. For more information, visit www.stem.com.
Investor Contacts – Stem
Ted Durbin, Stem, Inc.
Marc Silverberg, ICR, Inc.
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Media Contact – Stem
Cory Ziskind, ICR, Inc.
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The launch of the electric fleet was welcomed by the Councillor for Mobility and Transport of the Emilia-Romagna Region, Andrea Corsini, and the Mayor of Rimini, Andrea Gnassi
RIMINI, Italy--(BUSINESS WIRE)--Helbiz, a global leader in micro-mobility that is the business combination target of GreenVision Acquisition Corp. (Nasdaq: GRNV), announced a partnership with Be Charge, a Be Power S.p.A. Group company dedicated to the deployment of charging infrastructures for electric mobility, to bring electric mobility to Rimini, Italy. Helbiz, which recently acquired MiMoto Smart Mobility S.r.l, the Italian leader in the scooter sharing market, will offer its innovative scooter sharing service across the city accompanied by Be Charge’s extensive charging network.
This initiative is part of a wide-ranging project that aims to develop and spread electric mobility in Emilia-Romagna, a region in which there are already over 1,200 Helbiz vehicles, including electric bikes and electric scooters. Fifty MiMoto electric scooters will be initially available to residents and visitors in the resort of Romagna across the city center and along the coast. Be Charge currently operates more than 370 recharging stations in Emilia-Romagna, of which 84 points are being activated in Rimini.
The city of Rimini is paving the way as an innovator and pioneer of electric mobility with MiMoto's electric scooters and Be Charge's charging stations. To underscore the technological spirit of Emilia-Romagna and the city of Rimini, the launch ceremony of this initiative was presided by the Councillor for Mobility and Transport, Infrastructure, Tourism and Commerce of the Emilia-Romagna Region, Andrea Corsini, accompanied by the Mayor of Rimini, Andrea Gnassi.
Both MiMoto and Be Charge share the core values of environmental sustainability and improving people’s lives through smart mobility and the sharing economy. Additionally, the two companies partnered with the Emilia-Romagna region and the city of Rimini, an area rich with the spirit of innovation that understood the importance of environmental sustainability and its global impact.
The partnership with Be Charge will also make it easier to rent vehicles throughout the territory and to offer value-added services. Among these services, there will be a seamless way to share during car recharging time, which takes the concept of intermodality to a new level in terms of efficiency and sustainability.
"Rimini was one of the first cities in Italy to invest in electric micro-mobility, serving as a point of reference in the country for the experimentation of new forms of sustainable mobility,” said the mayor of Rimini Andrea Gnassi. “Shared scooters are now a reality, and we will soon start with the experimentation of electric car sharing. Today, the launch of Mimoto and Be Charge services project Rimini to be among the most advanced Italian tourist destinations, with a wide range of transportation offerings for citizens and tourists. These services are part of a path that Rimini has been following for years, which sees prioritizing the environment and reclaiming urban spaces as strategic factors for the city’s economic development. Cities must emerge from the pandemic with less smog and fewer cars, more well-being and more space. Thanks to the courage of its choices, Rimini is already on this path."
"Our development plan is ambitious,” said Roberto Colicchio, Head of Business Development of Be Charge. “We plan to install about 30,000 charging points throughout Italy in the next 3-5 years that will provide 100% energy from renewable sources, for a total investment of over 150 million euros. We are already well on our way with over 3,500 charging points already installed and the same number already authorized. The role of municipalities remains central to enabling this development because, only with the collaboration of local authorities, can we build the charging infrastructure for electric vehicles needed in our country. Rimini is the perfect example of a city that has enabled the involvement and collaboration of different operators such as Helbiz and Be Charge to meet the mobility needs of citizens and tourists."
"We are extremely proud to arrive in Rimini for the summer of 2021,” said the three founders of MiMoto Alessandro Vincenti, Gianluca Lorio and Vittorio Muratore. "We are excited to bring our services to Romagna given our philosophy, which is characterized by sharing and sustainability that has an even stronger meaning in a seaside city like Rimini. Today, the MiMoto scooter sharing service has become strategic for moving around the city, contributing to the community and the municipal administration by acting as a support for both public and private transport."
The service is accessible to anyone who downloads the MiMoto app, available for iOS and Android. On the app, users can search for the nearest e-scooter and book the ride at a cost of 0.35 euros per minute, 14.90 euros per hour or 59 euros for the entire day. Each MiMoto scooter is approved for two passengers and comes with two helmets of different sizes in the top box, equipped with hygienic perfumers, disposable hygienic caps and a self-drying helmet foam for the safety of users.
To recharge at Be Charge recharging stations, users can download and register on the Be Charge app on iOS and Android. The app also enables users to view the map of all Be Charge charging stations in the area, check availability in real time and the type of socket of the various charging points, as well as the price in €/kWh delivered. The cost of the recharge will be directly charged to the credit card associated with the user's account. If the device is equipped with a navigator (Google Maps or Apple Maps), driving instructions are offered to reach the individual charging stations. Once the recharge is activated, it is possible to monitor its progress directly from the App. The call center is always available 24/7.
ABOUT HELBIZ
Helbiz is a global leader in micro-mobility services. Launched in 2016 and headquartered in New York City, the company operates e-scooters, e-bicycles and e-mopeds in over 30 cities around the world including Washington, D.C., Alexandria, Arlington, Atlanta, Jacksonville, Miami, Milan, Richmond and Rome. Helbiz utilizes a customized, proprietary fleet management platform, artificial intelligence and environmental mapping to optimize operations and business sustainability. Helbiz announced on February 8, 2021 it has entered into a merger agreement with GreenVision Acquisition Corp. (Nasdaq: GRNV) ("GreenVision") a SPAC, which, upon closing, will result in Helbiz becoming the first micro-mobility company listed on Nasdaq.
ABOUT GREENVISION
GreenVision Acquisition Corp. is a special purpose acquisition company formed under the laws of the State of Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses.
ABOUT BE CHARGE
Be Charge is a company of Be Power S.p.A. Group dedicated to the diffusion of charging infrastructures for electric mobility. Be Charge is developing one of the largest and most capillary networks of public charging infrastructures for electric vehicles in Italy to make a decisive contribution to the development of a sustainable mobility system. Thanks to an internally developed and technologically advanced platform, Be Charge is able to offer an efficient recharging service to all owners of electric vehicles, and to recharge throughout the national territory. Within the sector supply chain, Be Charge plays both the role of manager and owner of the charging infrastructure network (CPO - Charge Point Operator) and that of charging and electric mobility service provider that interfaces with electric vehicle users (EMSP - Electric Mobility Service Provider). Be Charge's charging stations are in alternating current from 22 kW, and in direct current up to 300 kW. The industrial plan of Be Charge foresees the installation in the next years of about 30 thousand charging points that will supply 100% green energy, coming from renewable sources.
Forward-Looking Statements
Certain statements made in this press release are “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements reflect the current analysis of existing information and are subject to various risks and uncertainties. As a result, caution must be exercised in relying on forward-looking statements. Due to known and unknown risks, actual results may differ materially from the Company’s or GreenVision’s expectations or projections. The following factors, among others, could cause actual results to differ materially from those described in these forward-looking statements: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the Merger Agreement; (ii) the ability of the Company to meet Nasdaq listing standards following the transaction and in connection with the consummation thereof; (iii) the inability to complete the transactions contemplated by the Merger Agreement due to the failure to obtain approval of the stockholders of the Company or the stockholders of GreenVision or other reasons; (iv) the failure to meet the minimum cash requirements of the Merger Agreement due to GreenVision stockholder redemptions and the failure to obtain replacement financing; (v) the failure to meet projected development and production targets; (vi) costs related to the proposed transaction; (vii) changes in applicable laws or regulations; (viii) the ability of the combined company to meet its financial and strategic goals, due to, among other things, competition, the ability of the combined company to pursue a growth strategy and manage growth profitability; (ix) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors; (x) the effect of the COVID-19 pandemic on the Company and GreenVision and their ability to consummate the transaction; and (xi) other risks and uncertainties described herein, as well as those risks and uncertainties discussed from time to time in other reports and other public filings with the Securities and Exchange Commission (the “SEC”) by the Company. Additional information concerning these and other factors that may impact the Company’s expectations and projections can be found in GreenVision’s periodic filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended December 31, 2019. GreenVision's SEC filings are available publicly on the SEC's website at www.sec.gov. Any forward-looking statement made by us in this press release is based only on information currently available to GreenVision and Helbiz and speaks only as of the date on which it is made. GreenVision and Helbiz undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise, except as required by law.
Additional Information about the Transaction and Where to Find It
In connection with the proposed business combination, GreenVision filed a preliminary proxy statement with the SEC. Additionally, GreenVision will file other relevant materials with the SEC in connection with the business combination. Copies may be obtained free of charge at the SEC’s web site at www.sec.gov. Security holders of GreenVision are urged to read the definitive proxy statement and the other relevant materials when they become available before making any voting decision with respect to the proposed business combination because they will contain important information about the business combination and the parties to the business combination. The information contained on, or that may be accessed through, the websites referenced in this press release is not incorporated by reference into, and is not a part of, this press release. GreenVision’s stockholders may also obtain a copy of the preliminary or definitive proxy statement, once available as well as other documents filed with the SEC by GreenVision, without charge, at the SEC’s website located at www.sec.gov or by directing a request to: GreenVision Acquisition Corp., One Penn Plaza, 36th Floor, New York, New York 10019.
Participants in Solicitation
GreenVision and its directors and officers may be deemed participants in the solicitation of proxies of GreenVision’s shareholders in connection with the proposed business combination. Helbiz and its officers and directors may also be deemed participants in such solicitation. Security holders may obtain more detailed information regarding the names, affiliations and interests of certain of GreenVision’s executive officers and directors in the solicitation by reading GreenVision’s Annual Report on Form 10-K for the fiscal year ended December 31, 2020, and the definitive proxy statement and other relevant materials filed with the SEC in connection with the business combination when they become available. Information concerning the interests of GreenVision’s participants in the solicitation, which may, in some cases, be different than those of their stockholders generally, will be set forth in the definitive proxy statement relating to the business combination when it becomes available.
Non-Solicitation
This press release does not constitute a solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed transaction. This press release also does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor will there be any sale of securities in any states or jurisdictions in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities will be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended, or an exemption therefrom.
For investor and media inquiries, contact:
COMMUNICATION & MEDIA RELATIONSHIP
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USA
The Blueshirt Group
Gary Dvorchak, CFA
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Agent of Change
Marcy Simon
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ITALY
MY PR
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Arianna Bonfioli - tel. +39 335 6111390 email: This email address is being protected from spambots. You need JavaScript enabled to view it.
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Helbiz Investor Relations
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COMUNICAZIONE & PR BE CHARGE
Alice Colombo - This email address is being protected from spambots. You need JavaScript enabled to view it. +39.349.3943044
SG-Company
Antonella Marautti - This email address is being protected from spambots. You need JavaScript enabled to view it. +39.339.7497551
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Information:
Helbiz: http://www.helbiz.com
Be charge: https://www.bec.energy/
DUBLIN--(BUSINESS WIRE)--The "Nitrogen Global Market Report 2021: COVID-19 Impact and Recovery to 2030" report has been added to ResearchAndMarkets.com's offering.
Nitrogen Global Market Report 2021: COVID-19 Impact and Recovery to 2030 provides the strategists, marketers and senior management with the critical information they need to assess the global nitrogen market as it emerges from the COVID-19 shut down.
Major players in the nitrogen market are Air Liquide, Linde Group, Praxair Inc., Air Products and Chemicals, Messer Group, Southern Industrial Gas Berhad, Taiyo Nippon Sanso Corporation, Gulf Cryo, Emirates Industrial Gases Co. LLC and nexAir.
The global nitrogen market is expected to grow from $27.35 billion in 2020 to $28.61 billion in 2021 at a compound annual growth rate (CAGR) of 4.6%.
The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges.
The market is expected to reach $33.17 billion in 2025 at a CAGR of 4%.
The growing food and beverages industry contribute to the growth of the nitrogen market. Nitrogen gas is widely used in food and beverages industry for packaging of food items. Nitrogen gas eliminates the oxygen contact with the food item, preventing the oxidation of food thus, increasing its shelf life. This prevents food spoilage and helps in maintaining its quality.
Industrial gas companies are increasingly using pressure swing adsorption (PSA) technology as a cost-effective and highly efficient method to produce nitrogen. PSA systems operate on the principle of adsorption. They consist of adsorption vessels packed with carbon molecular sieves (CMS) which are capable of adsorbing carbon dioxide and residual moisture.
At high pressures, CMS selectively adsorbs oxygen, thus allowing nitrogen to pass through at the desired purity level. Onsite generation of nitrogen using PSA systems is more cost-effective than traditional cryogenic distillation or stored liquid nitrogen. PSAs can economically produce nitrogen at flow rates from less than 5,000 scfh to greater than 60,000 scfh, and at purities from 95% to 99.9995%.
Mahler AGS, a German manufacturer of on-site gas generation plants, is using PSA systems for low-cost production of nitrogen. Major industrial gas companies such as Linde, Air Products, Air Liquide, and Praxair are using PSA systems to enhance nitrogen production.
In October 2018, The Linde Group and Praxair, Inc. merged to create a combined entity with a market capitalization of $90 billion. As part of the agreement, Praxair shareholders will receive one share of Linde plc for each Praxair share. Linde AG shareholders will receive 1.54 shares of Linde plc for each Linde AG share tendered.
This merger is expected to further consolidate the nitrogen market by creating a global leader in terms of both sales and geographic footprint. Praxair has a strong presence in Eastern Europe and the Middle East, whereas Linde has a strong presence in Europe and Asia.
The merged company is expected to be a leader in each of these four regions, thus leaving only three companies to compete in the industrial gas market on a global basis. Linde AG is a Brazil-based producer and supplier of industrial, process and specialty gases. Paxair is a US-based atmospheric, process, and specialty gases, and surface coatings producer.
Key Topics Covered:
1. Executive Summary
2. Nitrogen Market Characteristics
3. Nitrogen Market Trends and Strategies
4. Impact of COVID-19 on Nitrogen
5. Nitrogen Market Size and Growth
5.1. Global Nitrogen Historic Market, 2015-2020, $ Billion
5.1.1. Drivers of the Market
5.1.2. Restraints on the Market
5.2. Global Nitrogen Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers of the Market
5.2.2. Restraints on the Market
6. Nitrogen Market Segmentation
6.1. Global Nitrogen Market, Segmentation by Product Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.2. Global Nitrogen Market, Segmentation by End Use Industry, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
6.3. Global Nitrogen Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7. Nitrogen Market Regional and Country Analysis
7.1. Global Nitrogen Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global Nitrogen Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/v9hq63
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Kevin Willis, formerly Vice President of Kiva Systems (now Amazon Robotics), joins American Robotics to oversee and build out the company’s sales team and accelerate revenue growth.
MARLBOROUGH, Mass.--(BUSINESS WIRE)--#Robotics--American Robotics, a leading commercial developer of fully-automated drone systems, today announced the appointment of Kevin Willis, former VP of Sales of Kiva Systems (now Amazon Robotics), as its Vice President of Sales. With over 30 years of leadership and sales experience, Willis is well suited to scale, develop, and manage American Robotics’ sales operations across industrial sectors such as energy, infrastructure, and agriculture. Willis has a strong track record of building and leading successful sales teams at early-stage technology companies. Willis will report directly to American Robotics’ CEO, Reese Mozer.
“I’m thrilled to join American Robotics and take on the opportunity to expand the sales team at such an important point in time for both the company and drone industry as a whole,” said Willis. “American Robotics’ success to date, including the industry's first and only FAA approvals that enable the operation of automated drones without human operators on-site, will unlock the capabilities and viability of drones in the commercial sector, and I am excited to come aboard during a period of rapid growth and success.”
Willis comes to American Robotics after a successful career scaling and optimizing sales teams at a number of enterprise technology companies. Willis was previously the Vice President of Sales at Austin-based Trilogy Software, where he played an instrumental role in driving the company to over $300 million in annual revenue.
Willis then joined Kiva Systems in North Reading, Massachusetts as the Vice President of Sales in the nascent robotics sector of warehouse automation. Willis was responsible for driving customer adoption, building a team, and revenue growth. Kiva was ultimately acquired by Amazon for $800 million. Willis also served as Vice President of Sales at Tamr, a Cambridge, Massachusetts-based big data startup, where he played a key leadership role in building a global sales team and delivering 2x year-over-year revenue growth.
“Kevin’s record of success and proven leadership skills will make him a true asset to the American Robotics team,” said Reese Mozer, CEO and co-founder of American Robotics. “We look forward to working with Kevin to bring the next generation of drone technology to market.”
In May 2021, American Robotics announced it had entered into a definitive agreement to merge with Ondas Holdings Inc. (NASDAQ: ONDS). With this acquisition American Robotics’ Scout System™ will be integrated into the Ondas FullMAX platform, a next-generation networking solution designed to enable enhanced data communications for mission critical operations. With Ondas FullMAX wireless technology integrated into an AR Scout System™, users in industrial markets can more widely deploy industrial drones for next-generation data requirements. Willis will play an integral role in bringing this combined technology to customers in the energy, infrastructure, and agriculture sectors.
To learn more about American Robotics and its Scout System drone, click here. For media assets, click here.
About American Robotics
Headquartered in Marlborough, MA, American Robotics is a commercial developer of the first FAA-approved fully-automated drone systems, providing ultra high resolution aerial data to enterprise customers. Through innovations in robot autonomy, machine vision, edge computing and AI, American Robotics has created the next generation of drone technology: a fully-automated robotic data platform capable of continuous, unattended operation. Using this technology, American Robotics provides enterprise customers with the ability to continuously monitor, digitize and analyze their assets in real-time. American Robotics was founded by Carnegie Mellon and Stanford roboticists with a shared vision for bringing robotic technology out of the lab and into the real-world to solve the world’s biggest business challenges. On May 17, 2021, American Robotics announced it had entered into a definitive agreement to merge with Ondas Holdings Inc. (NASDAQ: ONDS). To learn more about American Robotics, visit www.american-robotics.com and connect on Twitter and LinkedIn.
Chelsea Higgins
BIGfish Communications for American Robotics
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617.713.3800
ANN ARBOR, Mich.--(BUSINESS WIRE)--The Coretec Group, Inc., (OTCQB: CRTG) (the “Company”) is proud to announce that Dr. Ramez Elgammal, Vice President of Technology at The Coretec Group, has been selected to present at the AVS 21st International Conference on Atomic Layer Deposition (ALD 2021) featuring the 8th International Atomic Layer Etching Workshop (ALE 2021) taking place next month.
The ALD/ALE conference is globally recognized in the industry as the premier event for sharing state of the art developments and is widely attended by semiconductor companies and supporting partners, including specialty gas and equipment suppliers. Dr. Elgammal’s abstract was accepted because of his exceptional knowledge in innovative ways of producing high purity silicon films at low temperatures using engineered silicon molecules.
Dr. Elgammal’s abstract: Routes to Novel Dielectric and Semiconductor Devices Using Cyclohexasilane is scheduled for Monday, June 28, 2021, 1:00 PM EST as part of Session: AF1: Precursors and Chemistry: Precursor Design, New Precursors, Process Development.
"I’m honored to have been selected to share our vision of cyclohexasilane’s potential as a preeminent silicon precursor for use in Atomic Layer Deposition processes that are used in the manufacturing of microelectronic devices. Given both the need and demand for better performing silicon and silicon dielectric-based devices, we expect our Cyclohexasilane to offer great improvements in manufacturing and performance over incumbent silicon precursors,” said Dr. Elgammal.
Dr. Ramez Elgammal is a Senior Research Associate at the University of Tennessee where he manages a broad spectrum of projects in energy storage and energy generating devices including fuel cells, flow batteries, and lithium-ion batteries. He has over 40 publications and conference proceedings and 7 patents pending. Dr. Elgammal earned his M.Sc. in applied physics and Ph.D. in chemistry at the California Institute of Technology (Caltech) as a Rosen Fellow, and holds an honor’s B.S. in chemistry from Central Michigan University where he was a Centralis Scholar.
About The Coretec Group
The Coretec Group, Inc. is developing a portfolio of engineered silicon to improve energy-focused verticals, including electric vehicle and consumer batteries, solid-state lighting (LEDs), and semiconductors, as well as 3D volumetric displays and printable electronics. The Coretec Group serves the global technology markets in energy, electronics, semiconductor, solar, health, environment, and security.
For more information, please visit www.thecoretecgroup.com. Follow The Coretec Group on Twitter and LinkedIn.
Forward-Looking Statements:
The statements in this press release that relate to The Coretec Group’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements, and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.
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The Coretec Group, Inc.
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ROCKVILLE, Md.--(BUSINESS WIRE)--Argan, Inc. (NYSE: AGX) (“Argan” or the “Company”) announced today that its wholly owned subsidiary, Gemma Power Systems (”Gemma”), recently entered into an engineering, procurement and construction (“EPC”) services contract with CPV Maple Hill Solar, LLC, an affiliate of Competitive Power Ventures, Inc. (“CPV”), to construct the Maple Hill Solar facility, which will be among the largest solar-powered energy plants in Pennsylvania. Gemma also received Notice to Proceed with project activities immediately. Project completion is scheduled to occur during the second half of 2022.
“CPV is a valued customer, and we are pleased with the opportunity to continue our relationship by providing a turn-key solution in the alternative energy space.” said Colin Trebilcock, President of Gemma Power Systems. “This large, utility scale, electrical power generating facility will be erected on a 480-acre site and will provide Gemma with another opportunity to utilize the skills and experience of Pennsylvania craft labor which has successfully supported Gemma on past projects.”
The unique Maple Hill Solar project will be constructed using over 235,000 photovoltaic modules to generate approximately 100 megawatts of electrical power. Located in Cambria County on previously cleared timber property, the Maple Hill facility will avoid the release of over 100,000 tons of CO2 into the atmosphere per year by displacing older, less efficient generation and will add to the clean energy mix in the Commonwealth. The project will employ 250-400 workers at peak construction and will bring significant local tax benefits to the area.
“The Maple Hill Solar project will be our first renewable generation project with Gemma Power Systems who we have enjoyed a strong working relationship with for more than a decade,” said Gary Lambert, CPV CEO. “CPV values Gemma’s construction execution expertise in the power industry. We are confident that working together we can successfully complete this project as we look to fulfill our mission of reducing the carbon emissions of our energy supply during the ongoing energy transition without compromising reliability.”
“This project is a demonstration of our real commitment to provide EPC services to customers in the renewable energy space. We are particularly pleased that the owner of this project is CPV, a long-time customer of our core gas-fired power plant construction business, with whom we share several recent and significant power plant project successes like the CPV Towantic Energy Center,” said Rainer Bosselmann, Argan’s CEO. “As the U.S. electricity grid continues to evolve with the goals of reducing emissions while maintaining its reliability, our teams continue to focus on providing our customers with proven EPC services today for the construction of power plants that will contribute to a better tomorrow.”
About Argan, Inc.
Argan’s primary business is providing a full range of services to the power industry, including the renewable energy sector. Argan’s service offerings have focused on the engineering, procurement and construction of natural gas-fired power plants, along with related commissioning, operations management, maintenance, project development and consulting services, through its Gemma Power Systems and Atlantic Projects Company operations. Argan also owns The Roberts Company, which is a fully integrated fabrication, construction and industrial plant services company, and SMC Infrastructure Solutions, which provides telecommunications infrastructure services.
Certain matters discussed in this press release may constitute forward-looking statements within the meaning of the federal securities laws and the Company’s future financial performance is subject to risks and uncertainties including but not limited to the successful addition of new contracts for gas-fired as well as renewable energy projects to backlog, the receipt of corresponding notices to proceed with contract activities, the Company’s ability to successfully complete the projects that it obtains, and the Company’s success in minimizing the adverse impacts of the COVID-19 pandemic on the Company’s businesses. The Company has several signed EPC contracts that have not started and may not start as forecasted due to market and other circumstances beyond its control. Actual results and the timing of certain events could differ materially from those projected in or contemplated by the forward-looking statements due to the number of factors described from time to time in the Company’s SEC filings. In addition, reference is hereby made to the cautionary statements made by the Company with respect to risk factors set forth in its most recent reports on Form 10-K, Forms 10-Q and other SEC filings.
Company:
Rainer Bosselmann
301.315.0027
Investor Relations:
David Watson
301.315.0027
Bringing high-volume battery manufacturing expertise to leadership team
SAN JOSE, Calif.--(BUSINESS WIRE)--QuantumScape Corporation (NYSE: QS, or “QuantumScape”) today announced the appointment of Celina Mikolajczak as Vice President of Manufacturing Engineering. In this role, Mikolajczak will lead the transition of the company’s tools and manufacturing processes from research and development to production. One of her primary projects will be helping deploy high-throughput continuous-flow processes at QS-0, QuantumScape’s pre-pilot line facility in San Jose. QS-0 will feature a high-automation line capable of building over 200,000 cells per year for use in electric test vehicles.
“I’m delighted to join QuantumScape at this time in its journey,” said Mikolajczak. “Having served on QuantumScape’s board of directors, I have seen first-hand the depth of its technology and team. I look forward to now working directly with the team to help bring this technology into mass production. I can’t think of a more inspiring project I could be working on right now.”
Mikolajczak has a strong background leading highly sophisticated cell engineering and battery manufacturing functions for prominent organizations, including Tesla Motors and Uber. She joins QuantumScape from Panasonic Energy of North America, where she played an integral role in scaling some of the leading battery technologies fueling today’s electric vehicle revolution as VP of Engineering & Battery Technology.
“We are thrilled to have a leader of Celina’s caliber join the company to help industrialize our technology,” said Jagdeep Singh, CEO and co-founder of QuantumScape. “Celina is not only a battery technology expert, having spent virtually her entire career at leading battery-related companies, but has a profound understanding of what it takes to scale up battery production. There’s no better person I can think of to run manufacturing engineering at this stage in our growth.”
Mikolajczak joins Clayton Patch, who recently started as Vice President of Manufacturing. Patch has extensive experience with high-volume process-oriented manufacturing, having run fab operations and advanced development at Micron Technology, Inc. and IM Flash – a joint venture between Micron Technology and Intel Corporation.
As part of the transition to the company’s leadership team, Mikolajczak is resigning her seat on the QuantumScape Board of Directors, effective immediately.
About QuantumScape Corporation
QuantumScape is a leader in developing next-generation solid-state lithium-metal batteries for electric vehicles. The company’s mission is to revolutionize energy storage to enable a sustainable future. For more information, please visit www.quantumscape.com.
Forward-Looking Statements
The information in this press release includes a “forward-looking statement” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline and performance of QuantumScape’s products and technology are forward-looking statements.
These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside QuantumScape’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) QuantumScape faces significant barriers in its attempts to scale and complete development of its solid-state battery cell and related manufacturing processes, and development may not be successful, (ii) QuantumScape may encounter substantial delays in the development, manufacture, regulatory approval, and launch of QuantumScape solid-state battery cells and building out of QS-0, which could prevent QuantumScape from commercializing products on a timely basis, if at all, and (iii) QuantumScape may be unable to adequately control the costs of manufacturing its solid-state separator and battery cells. QuantumScape cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect QuantumScape is set forth under the “Risk Factors” section in the QuantumScape’s Annual Report on Form 10-K/A filed with the Securities and Exchange Commission on May 7, 2021 and available on the SEC’s website at www.sec.gov.
Except as otherwise required by applicable law, QuantumScape disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.
For Investors
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Head of Investor Relations
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Vanderbilt University, DRW, and TPG Among First Supporters to Help Climate Vault Remove More Than 200,000 Metric Tons of CO2 at the Start
Founded at The University of Chicago by Prof. Michael Greenstone and Team of Leaders, Ernest Moniz Chairs Climate Vault’s ‘Technology Experts Chamber’
CHICAGO--(BUSINESS WIRE)--#climatevault--Amid mounting evidence that climate change threatens current and future generations, Climate Vault, a non-profit founded at the University of Chicago by a team led by economist Prof. Michael Greenstone, today unveiled a new solution for carbon reduction using government-regulated markets. Climate Vault’s innovative solution will shorten the timeline for individuals and organizations seeking to reduce their emissions. Climate Vault’s mission is to significantly reduce CO2, one of the leading causes of climate change, while supporting the innovation in carbon removal technologies designed to eliminate historical CO2.
Climate Vault is an antidote to the frequent credibility problems and opacity of voluntary offset programs. The approach leverages the power of government regulated compliance markets by purchasing and ‘vaulting’ carbon permits, preventing polluters from using them. In addition, Climate Vault will help create the world’s first ecosystem for carbon dioxide removal (CDR) technologies by providing grants that spur innovation in those technologies to help make them viable and cost effective.
“Our response to the climate challenge will define our generation. Climate Vault provides a unique way for supporters, both individuals and organizations, to achieve verifiable and measurable carbon reduction whether it be through reducing their own footprint or truly making their investment portfolios ESG forward. And in so doing, supporters can jumpstart the innovation that our children and the planet need,” said Michael Greenstone, Co-founder of Climate Vault and Milton Friedman Distinguished Service Professor in Economics at the University of Chicago. “It is very much part of the University of Chicago’s long tradition of identifying ways that can be used to solve critical social problems.” Greenstone previously served as the Chief Economist for President Obama’s Council of Economic Advisers, where he co-led the original development of the United States Government’s social cost of carbon.
“UChicago recently increased its greenhouse gas reduction goals for the current decade, focused on areas where we can demonstrate a positive financial return on investment, while simultaneously reducing our campus emissions. Climate Vault will help us create a low cost off-campus benchmark to evaluate initiatives that may further reduce our greenhouse gas emissions and is an important piece of our overall emission reduction efforts,” said Ivan Samstein, Vice President and Chief Financial Officer at the University of Chicago. “We are proud to partner with Climate Vault as a means within our broader portfolio to continue our efforts to dramatically reduce our carbon footprint.”
Greenstone and a team of leaders developed the vision and model for Climate Vault, with foundational support from the University of Chicago, as part of the university’s path to carbon neutrality. The founders include:
“It’s been incredibly rewarding to develop market-driven approaches to spur innovation to mitigate one of today’s most pressing problems: climate change,” said Don Wilson, Founder and CEO of DRW. “Climate Vault enables entities to become carbon neutral TODAY in a regulated, transparent manner. As we vault credits, we also support innovators to develop carbon capture technologies with grants. This full cycle approach is a differentiator and is something I am particularly enthusiastic about.”
Climate Vault First-Movers
Climate Vault’s early supporters are industry leaders that view the Climate Vault solution as a key part of a verifiable, transparent and impactful carbon reduction strategy.
These supporters have enabled Climate Vault to initially reduce more than 200,000 metric tons of carbon at the non-profit’s official launch, surpassing more than five percent of the total CO2 saved by all Tesla vehicles to date in the US.
Climate Vault has worked closely with supporters, including academic and business leaders like Vanderbilt University and DRW to help them achieve carbon neutrality today, and collaborating with global financial firm, TPG, as well:
“We’re strengthening our commitment to sustainability through support of Climate Vault’s new, innovative solution. Through our collaboration, Vanderbilt is the first member of the Association of American Universities (AAU) to achieve carbon neutrality now, decades ahead of our initial goal,” said Daniel Diermeier, Chancellor, Vanderbilt University.
“We greatly admire Climate Vault’s innovative and transparent approach and are leveraging this solution as part of our toolkit to offset our firm’s carbon footprint,” said Maryanne Hancock, CEO of TPG’s Y Analytics. “We see this type of innovation, as well as Climate Vault’s support for carbon removal technologies, as an important part of the evolution toward the quality, credible, and impactful solutions that our planet needs.”
Additional Climate Vault supporters include the University of Chicago, Swarthmore College, Verger Capital, Rhodium Group, Newmarket Capital, Rootstock, Pluribus Labs, EJM Associates, and Adkindred. Cleary Gottlieb also provided continued pro bono legal support to launch Climate Vault and serve its mission.
Climate Vault Technology Experts Chamber
To foster new and tangible carbon removal technologies, Climate Vault convened a Technology Experts Chamber to assess, evaluate, and measure impact. The Chamber is chaired by Former U.S. Secretary of Energy, Ernest Moniz, with the industry’s top minds in CO2 removal, energy, and policy. The members include:
“We are seeing a major shift in climate policy with the Biden Administration and in the political realities as well. Climate was a winning issue in the recent Presidential campaign, the U.S. public is ready for and wants change, and we need to innovate now for accelerated decarbonization,” said Ernest Moniz, Former Secretary of Energy and CEO of Energy Futures Initiative. “Getting to the Biden administration goal of net zero emissions by 2050 will be tough. Climate Vault offers an important way to facilitate greenhouse gas emissions reduction and innovation for legacy carbon dioxide removal from the atmosphere.”
Climate Vault Calculator
Climate Vault enables everyone to reduce carbon emissions from daily life, travel and even investments. Climate Vault offers an ‘Easy’ button to reach carbon neutrality today. The Climate Vault Calculator is here: https://climatevault.org/get-started/#/general-about-you.
About Climate Vault
Founded at the University of Chicago, Climate Vault is a non-profit that uses the power of compliance markets to reduce and eliminate carbon pollution. Its two-pronged approach 1) purchases and vaults pollution permits on cap-and-trade markets to prevent carbon pollution and 2) supports carbon dioxide removal (CDR) technologies to eliminate historical pollution to-date. Climate Vault works with climate-conscious individuals and organizations to help protect current and future generations from the harmful effects of climate change by providing an innovative solution to reduce carbon emissions today. Please visit www.ClimateVault.org to learn more about our approach, calculate your individual footprint, and help your organization or financial portfolio reach net zero. Join the climate conversation by following us on Facebook, Twitter, and LinkedIn.
Trademarks
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IRVING, Texas--(BUSINESS WIRE)--Medallion Pipeline Company, LLC (“Medallion”) announced today that it has launched a non-binding open season for its capacity that is leased on EPIC Crude Pipeline, LP’s crude oil pipeline system (“EPIC Pipeline”). The open season will start today May 24, 2021 at 9:00 a.m. Central Daylight Time and will close on June 25, 2021 at 4:00 p.m. Central Daylight Time.
Medallion leases 27,778 barrels per day of capacity from the Group 1 origin points on EPIC Pipeline, as defined in EPIC Pipeline’s rates and charges tariff filed with the Federal Energy Regulatory Commission (“FERC”) for delivery to the Corpus Christi and Ingleside destination points. EPIC Pipeline provides Medallion’s shippers with access to downstream markets, including crude oil export facilities at the Port of Corpus Christi.
In July 2019, Medallion held an open season seeking commitments from shippers interested in shipping on Medallion’s capacity that is leased on EPIC Pipeline. In response to the July 2019 open season, Medallion executed a transportation services agreement with a third-party shipper. Recently, that transportation services agreement was terminated and the committed capacity on Medallion’s leased capacity on EPIC Pipeline has become available again.
Accordingly, Medallion is holding the current non-binding open season to gauge shipper interest in, and to potentially re-contract, the available leased capacity on EPIC Pipeline for the remaining term of the original 2019 transportation services agreement. The terms and conditions of the transportation services being offered are substantially similar to those applicable to the 2019 committed shipper.
Bona fide prospective shippers may obtain copies of the open season documents upon execution of a confidentiality agreement with Medallion by contacting the representative listed below. Prospective shippers must execute a confidentiality agreement prior to delivery of these documents.
About Medallion
Medallion Pipeline Company, LLC is a Texas limited liability company. Medallion owns and operates a network of approximately 1,100 miles of crude oil pipeline located in Crane, Glasscock, Howard, Irion, Martin, Midland, Mitchell, Reagan, Scurry and Upton counties in the Midland Basin. The Medallion pipeline system consists of eight pipeline segments providing diversified market access to numerous downstream pipelines which interconnect with the Medallion pipeline at three major market hubs.
Contact For Open Season Inquiries
Medallion Pipeline Company, LLC
909 Lake Carolyn Parkway, Suite 1600
Irving, Texas 75039
Attention: Jessica Williams
Phone: 469-912-2970
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Contact For Media Inquiries
Meredith Howard
Redbird Communications Group
Phone: 210-737-4478
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DUBLIN--(BUSINESS WIRE)--The "Pyrolysis Gas Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The pyrolysis gas market is expected to grow at a CAGR of over 3% during the forecast period.
Companies Mentioned
Key Market Trends
Growing Demand of Pyrolysis Gas from Benzene Processing
Asia Pacific Region to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Growing Demand of Pyrolysis Gas from Benzene Processing
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Volatility in Price of Hydrocarbons
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Type
5.1.1 Raw Pyrolysis Gasoline
5.1.2 Hydrogenated Pyrolysis Gasoline
5.2 Application
5.2.1 Benzene Processing
5.2.2 Aromatic Extraction
5.2.3 Feedstock of BTX Plant
5.2.4 Motor Fuels
5.2.5 Others
5.3 Geography
5.3.1 Asia-Pacific
5.3.1.1 China
5.3.1.2 India
5.3.1.3 Japan
5.3.1.4 South Korea
5.3.1.5 Rest of Asia-Pacific
5.3.2 North America
5.3.2.1 United States
5.3.2.2 Canada
5.3.2.3 Mexico
5.3.3 Europe
5.3.3.1 Germany
5.3.3.2 United Kingdom
5.3.3.3 France
5.3.3.4 Italy
5.3.3.5 Rest of Europe
5.3.4 South America
5.3.4.1 Brazil
5.3.4.2 Argentina
5.3.4.3 Rest of South America
5.3.5 Middle-East and Africa
5.3.5.1 Saudi Arabia
5.3.5.2 South Africa
5.3.5.3 Rest of Middle-East and Africa
6 COMPETITIVE LANDSCAPE
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Increasing Sale of Automotive and Growing Utilization of Pygas in Motor Fuels
7.2 Other Opportunities
For more information about this report visit https://www.researchandmarkets.com/r/jqadkp
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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