CHICAGO--(BUSINESS WIRE)--ADM (NYSE: ADM) will release financial results for the fourth quarter of 2020 before the market opens on Tuesday, Jan 26, 2021.
The company will host a webcast at 8 a.m. Central Time to discuss the results and provide a company update. A slide presentation will also be available for download at this time.
To listen to the webcast or to download the slide presentation, go to www.adm.com/webcast. A replay of the webcast will also be available for an extended period of time at www.adm.com/webcast.
About ADM
At ADM, we unlock the power of nature to provide access to nutrition worldwide. With industry-advancing innovations, a complete portfolio of ingredients and solutions to meet any taste, and a commitment to sustainability, we give customers an edge in solving the nutritional challenges of today and tomorrow. We’re a global leader in human and animal nutrition and the world’s premier agricultural origination and processing company. Our breadth, depth, insights, facilities and logistical expertise give us unparalleled capabilities to meet needs for food, beverages, health and wellness, and more. From the seed of the idea to the outcome of the solution, we enrich the quality of life the world over. Learn more at www.adm.com.
Source: Corporate release
ADM Media Relations
Jackie Anderson
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312-634-8484
LONDON--(BUSINESS WIRE)--#DomesticFreightMarketinUS--Technvaio forecast the global domestic freight market in the US to grow by USD 170.10 billion during 2021-2025. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 5%.
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The domestic freight market in the US is driven by the growth of the e-commerce market. In addition, the consolidation of the logistics market leading to operational efficiency is anticipated to boost the growth of the domestic freight market in the US.
The growth of the e-commerce industry in the US has reduced consumer spending in physical stores and increased the time spent on online shopping. This is encouraging vendors to offer freight logistics services to e-commerce enterprises to meet customer expectations, thereby helping enterprises achieve customer loyalty and repeated sales. Therefore, the rapid growth of the e-commerce industry will positively influence the growth of the domestic freight market in the US during the forecast period.
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Major Five Domestic Freight in US Companies:
C.H. Robinson Worldwide Inc.
C.H. Robinson Worldwide Inc. operates its business through segments such as North American Surface Transportation, Global Forwarding, and All Other and Corporate. The company provides freight services in the US, such as Truckload, LTL, Ocean, Intermodal, and Chemical and Plastics Logistics.
CEVA Logistics AG
CEVA Logistics AG operates its business through segments such as Freight Management and Contract Logistics. The company provides road freight and rail freight services in the US.
Deutsche Post DHL Group
Deutsche Post DHL Group operates its business through segments such as Post & Parcel Germany, Express, Global Forwarding, Freight, Supply chain, and eCommerce Parcel. The company provides road freight and rail freight services in the US.
DSV Panalpina A/S
DSV Panalpina A/S operates its business through segments such as Air & Sea, Road, and Solutions. The company provides road freight and air freight services in the US.
FedEx Corp.
FedEx Corp. operates its business through segments such as FedEx Express, FedEx Ground, FedEx Freight, and FedEx Services. The company provides domestic shipping services in the US.
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Domestic Freight Market in US Product Outlook (Revenue, USD Billion, 2020-2025)
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ST. JOHN’S, Newfoundland and Labrador--(BUSINESS WIRE)--$ALS.TO #IPO--Altius Minerals Corporation (ALS:TSX) (ATUSF: OTCQX) (“Altius” or the “Corporation”) is pleased to announce that its subsidiary Altius Renewable Royalties Corp. (“ARR”) has filed and obtained a receipt for a preliminary base PREP prospectus with the securities regulatory authorities in each of the provinces and territories of Canada for an initial public offering of Common Shares (the "IPO"), led by TD Securities Inc. and Scotia Capital Inc., together with a syndicate comprised of Raymond James Ltd., Cormark Securities Inc., Canaccord Genuity Corp., Laurentian Bank Securities Inc., National Bank Financial and Haywood Securities Inc. (collectively, the "Underwriters"). The proceeds from the IPO will be used by ARR to fund additional renewable energy royalty focused investments and for general corporate purposes as described in the preliminary base PREP prospectus. The IPO is expected to close in February 2021.
The preliminary base PREP prospectus contains important information relating to the Common Shares and ARR and is still subject to completion or amendment. Copies of the preliminary base PREP prospectus are available on SEDAR at www.sedar.com or from the Underwriters. There will not be any sale or any acceptance of an offer to buy the Common Shares until a receipt for the final prospectus has been issued.
This news release does not constitute an offer of securities for sale in the United States and the securities referred to in this news release may not be offered or sold in the United States absent registration or an exemption from registration.
Altius and ARR
Altius established ARR to provide royalty based financing to renewable power developers, originators and operating projects. ARR has financing relationships with certain top-tier developers providing it with exposure to a robust development pipeline of U.S.-based wind and solar projects. These development stage investments made by the ARR are not restricted to any specific project but rather fund a developer’s project portfolio, including projects that are added to the portfolio after the investment agreement with the ARR was entered into, positioning the developer to be able to ultimately bring more projects to market. ARR will receive royalties as these projects are sold on to end sponsors and operators.
ARR uses its industry expertise to provide partner-focused investment solutions and a long-term, cost-effective source of capital for the rapidly growing renewable energy sector. In addition to growing its base of developer focused investments, ARR is considering opportunities to innovate royalty financing solutions for later staged project proponents.
Brian Dalton, Chief Executive Officer of ARR and Altius Minerals Corp. stated, "This IPO follows four years of exciting collaboration and innovation with New Hampshire, USA based Great Bay Renewables LLC (“GBR”). GBR is the operating subsidiary of ARR and it was recently made the subject of a joint venture that is expected to lead to certain funds managed by Apollo Global Management, Inc. (“the Apollo Funds”) earning in to become a 50% shareholder. Following the expected earn-in, each of ARR and the Apollo Funds will be entitled to equally co-fund additional investment opportunities that are developed by the GBR management team - which consists of a highly experienced group of renewable energy industry professionals led by Frank Getman and including Ray Faust, Josh Levine and Bill Rodgers.”
He then added, “The purpose of the IPO is to enable ARR to more directly access capital in order to fund its participation in new investments that are developed by GBR following completion of the Apollo Funds’ earn-in. There is no secondary sale component contemplated as part of the IPO. Post-closing, Altius Minerals expects to remain as the major shareholder of ARR and to continue to participate in and benefit from its long-term growth potential.”
Management and Board
Pursuant to a services agreement with Altius Minerals entered into in connection with the IPO, executive officers of Altius, Brian Dalton and Ben Lewis will also serve as CEO and CFO, respectively, of ARR, while the Board of ARR is comprised of five independent directors, two of whom are Altius nominees and current independent members of the Altius board. The management and Board members of ARR are as follows:
Brian Dalton – Chief Executive Officer
Brian Dalton co-founded Altius Minerals Corporation as a small junior exploration company in 1997 while still attending university and has served as its CEO and as a director since then, Altius is now a leading global diversified royalty company with revenue from 14 producing mines and is a member of the TSX/S&P Global Mining Index.
Ben Lewis – Chief Financial Officer
Ben Lewis joined Altius’s executive team as CFO in 2006. Prior to joining Altius, Ben held roles with increasing levels of responsibility with both private and public companies. His most recent former position was that of Corporate Controller for NYSE and TSX-listed CHC Helicopter Corporation. His responsibilities with Altius Minerals include overseeing its financial management and reporting as well as contributing valuation and structuring expertise. Ben graduated from Memorial University of Newfoundland with a Bachelor of Commerce in 1991 and earned his Chartered Accountant designation in 1993.
Earl Ludlow (Chair), O.N.L., B.Eng., MBA, P.Eng., F.C.A.E
Earl Ludlow’s career with the Fortis Group spanned nearly 40 years and included executive roles at Fortis subsidiaries Maritime Electric, Newfoundland Power and Fortis Alberta and then CEO roles at subsidiaries Fortis Properties and Newfoundland Power. He has served on the boards of Canadian Electricity Association, Maritime Electric, Belize Electricity, Caribbean Utilities, Fortis Ontario, Fortis Turks and Caicos and Newfoundland Power. Mr. Ludlow earned a Bachelor of Engineering (Electrical) in 1980 and an MBA from Memorial University, Newfoundland and Labrador in 1994. He is also a professional engineer.
David Bronicheski, MBA, CPA, CA
David Bronicheski is a Corporate Director and Chartered Professional Accountant. He recently retired as Chief Financial Officer of Algonquin Power & Utilities Corp. (successor corporation to Algonquin Power Income Fund), a position he served in from 2007 to 2020. During this time Algonquin developed into one of Canada’s preeminent renewable energy focused power producers and North American regulated utility service provider. Mr. Bronicheski holds a Bachelor of Arts in economics (cum laude), a Bachelor of Commerce degree and an MBA (University of Toronto, Rotman School of Management).
Judy Cotte, LL.B, LL.M.
Judy Cotte is the CEO of ESG Global Advisors and is recognized as a leading expert in ESG related investment protocols and mandates. Judy is a former V.P. & Head of Corporate Governance & Responsible Investment for RBC Global Asset Management and prior to that was Director of Policy Development & Chief Operating Officer for the Canadian Coalition for Good Governance. Judy has a law degree (University of Toronto) and a Masters degree in securities law (Osgoode Hall, York University).
Anna El-Erian, BA.LLB
Anna El-Erian (née Stylianides) is a corporate lawyer with over 20 years of experience in the global capital markets having spent much of her career in investment banking, private equity, and corporate management and restructuring. Anna is a director nominee of Altius Minerals Corporation. Anna graduated with a Bachelor of Arts and a post graduate degree in Bachelor of Laws.
André Gaumond, B.Eng., M.Eng.
André Gaumond was President and CEO of Virginia Gold Mines from 1993 to 2006 when it was acquired by Goldcorp Inc., and successor company Virginia Mines Inc. from 2006 to 2014 when it was acquired by Osisko Gold Royalties Ltd. He has a deep understanding of the natural resource development sector and of royalty structuring and financing. André is a director nominee of Altius Minerals Corporation. Mr. Gaumond holds a Bachelor of Geological Engineering from Université Laval and a Masters degree in Geological Engineering from Ecole Polytechnique.
Forward-Looking Information
This news release contains forward-looking information. Forward looking information contained in this new release includes, but is not limited to, the intentions of ARR to complete the IPO, the planned use of the proceeds of the IPO, the ability of ARR to acquire royalties, the growth of developers’ project portfolios and their ability to originate more projects, ARR’s opportunities to fund other stages of the renewable energy development lifecycle, expectations regarding funding of the joint venture, and the expected closing date of the IPO. These statements are based on information currently available to ARR and Altius provides no assurance that actual results will meet management's expectations. In certain cases, forward-looking information may be identified by such terms as "anticipates", "believes", "could", "estimates", "expects", "may", "shall", "will", or "would". Forward-looking information contained in this news release is based on certain factors and assumptions regarding, among other things, the receipt of necessary regulatory approvals, the ability of Altius Renewable to complete the IPO, and other similar matters. While Altius Renewable considers these assumptions to be reasonable based on information currently available to it, they may prove to be incorrect.
Although Altius believes the expectations expressed in such forward-looking information are based on reasonable assumptions, such statements are not guarantees of future performance and actual results or developments may differ materially from those in the forward-looking information. Factors that could cause actual results to differ materially from those in forward-looking statements include, among other things, changes in market conditions, changes in power prices, changes in expectations for the growth in demand for renewable power in the U.S., unanticipated changes in key management personnel, general economic and political conditions, the risk that ARR’s IPO may not be completed and the failure to receive applicable regulatory approvals, as well as the other risk factors described in ARR’s preliminary base PREP prospectus in respect of the IPO. Accordingly, actual events may differ materially from those projected in the forward-looking information. This list is not exhaustive of the factors that may affect any of the forward-looking information in this news release. These and other factors should be considered carefully and readers should not place undue reliance on the forward-looking information in this news release. Altius does not undertake to update any forward-looking information that may be made from time to time by ARR or on its behalf, except in accordance with applicable securities laws.
No securities regulatory authority has either approved or disapproved the contents of this press release. These securities have not been and will not be registered under the United States Securities Act of 1933, as amended, or any U.S. state securities law and may not be offered or sold in the United States except in compliance with the registration requirements of the said Act and applicable U.S. state securities laws or pursuant to an exemption therefrom.
About Altius
Altius’s strategy is to create per share growth through a diversified portfolio of royalty assets that relate to long life, high margin operations. This strategy further provides shareholders with exposures that are well aligned with sustainability-related global growth trends including the electricity generation transition from fossil fuel to renewables, transportation electrification, reduced emissions from steelmaking and increasing agricultural yield requirements. These macro-trends each hold the potential to cause increased demand for many of Altius’s commodity exposures including copper, renewable based electricity, several key battery metals (lithium, nickel and cobalt), clean iron ore, and potash. In addition, Altius runs a successful Project Generation business that originates mineral projects for sale to developers in exchange for equity positions and royalties. Altius has 41,477,653 common shares issued and outstanding that are listed on Canada’s Toronto Stock Exchange. It is a member of both the S&P/TSX Small Cap and S&P/TSX Global Mining Indices.
Ben Lewis
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Flora Wood
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SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE: NS) today announced that it will host a conference call on Thursday, February 4, 2021 at 9:00 a.m. Central Time to discuss the fourth quarter 2020 earnings results, which will be released earlier that day. The conference call may be accessed by dialing toll-free 844/889-7787, reservation passcode 5472607. International callers may access the conference call by dialing 661/378-9931, reservation passcode 5472607. The partnership intends to have a playback available following the conference call, which may be accessed by dialing toll-free 855/859-2056, reservation passcode 5472607. International callers may access the playback by dialing 404/537-3406, reservation passcode 5472607.
Persons interested in listening to the live presentation or a replay via the internet may access the presentation directly at https://edge.media-server.com/mmc/p/ojo329tj or by logging on to NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy L.P., a publicly traded master limited partnership based in San Antonio, is one of the largest independent liquids terminal and pipeline operators in the nation. NuStar currently has approximately 10,000 miles of pipeline and 73 terminal and storage facilities that store and distribute crude oil, refined products and specialty liquids. The partnership’s combined system has approximately 72 million barrels of storage capacity, and NuStar has operations in the United States, Canada and Mexico. For more information, visit NuStar Energy L.P.’s website at www.nustarenergy.com.
NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
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website: http://www.nustarenergy.com
Leader in Renewable Energy Installation Seeks Transformational Transaction to Strengthen Position, Take Advantage of Next-Generation Opportunities and Ensure Future Success
AVON, Minn.--(BUSINESS WIRE)--Blattner, the market-leading installer and contractor of utility-scale renewable energy in North America, today announced that it has embarked on a process to explore strategic options. The company seeks a transformational transaction, which could take the form of a sale or merger, that will further strengthen the organization’s market leadership position, provide additional resources to take advantage of next-generation opportunities emerging in the renewable energy market and contribute to added, long-term success for employees and customers.
“Blattner is in a very strong position today, as we have been throughout our history. We seek to further that momentum,” said Scott Blattner, company president. “Our industry is on the cusp of significant evolution and this is an opportunity to accelerate our organization with additional scale and resources to continue leading and delivering certainty to our renewable energy customers.”
Founded in 1907, Blattner is the North American leader in renewable energy installations – solar, wind and energy storage. The company has:
“As the North American renewable energy leader, we’re seeking a partner that appreciates and values our business model, culture and the success that our teams have built. Equally important, we want an organization that’s a leader in their respective market and can provide the support and resources that will allow us to continue expanding and improving with new technology and innovation,” said Blattner.
The company will be exploring a range of potential partnerships within and outside of the renewable energy industry and has engaged investment banking firm J.P. Morgan as its exclusive financial advisor.
“Blattner has long set the standard in performance of renewable energy construction, customer service and employee culture. This journey is to elevate a pathway to an even brighter future and provide opportunities for long-term success. I’m confident that we can achieve our goal,” concluded Blattner.
About Blattner Company
Blattner Company is a diversified renewable energy contractor providing leading expertise and collaborative construction solutions nationwide. Blattner Company is the parent company of Blattner Energy and D.H. Blattner & Sons of which both are industry-leading renewable energy contractors in their respective markets throughout the United States. Building on more than a century of innovation, the Blattner Family of Companies provides complete engineering, procurement and construction services for utility-scale solar, wind, energy storage and power delivery projects with proven project management skills and self-performance of all major work activities. Learn more at https://www.blattnercompany.com/
Blattner
Christine Huston
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Padilla
Matt Sullivan
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An estimated 5,465 customer accounts in Fresno, Kern, Madera, Mariposa, San Luis Obispo, Santa Barbara and Tulare counties set to be de-energized for the Public Safety Power Shutoff
Wind associated with offshore weather system may cause flying debris and vegetation, leading to downed lines and outages
SAN FRANCISCO--(BUSINESS WIRE)--Pacific Gas and Electric Company (PG&E) continues to monitor a powerful, offshore weather event with the potential to cause wind hazards and related outages throughout the company’s service area. The company’s Emergency Operations Center has been open since Saturday to manage PG&E response to wind damage and a targeted Public Safety Power Shutoff in the driest portions of the service area.
Potential PSPS in Central California
In locations still enduring extremely dry winter conditions, PG&E will de-energize approximately 5,465 customer accounts in portions of Fresno, Kern, Madera, Mariposa, San Luis Obispo, Santa Barbara and Tulare counties for a PSPS early Tuesday morning to reduce the risk of catastrophic wildfire. This represents less than one percent of PG&E’s 5.3 million customers.
No PSPS Events for Bay Area and Further North
Due to recent rains, relatively high humidity levels and the lack of any Red Flag Warnings in the Bay Area and other parts of PG&E’s service area, the company does not plan to initiate a PSPS in any Bay Area counties or further North during this weather event.
In addition, PG&E’s network of 340 weather cameras across the service area, as well as visual checks by crews in the field, helps the company determine where vegetation has greened up to levels that help make PSPS events unnecessary.
Strong Offshore Winds Can Cause Wires Down and Outages
However, while PG&E plans no PSPS events in Northern California, there could be wires down and outages due to flying debris and vegetation. The offshore weather event is forecast to cause damage-producing winds across much of California.
Handling Wind Damage Across PG&E’s Service Area
If your vehicle encounters a downed power line:
If you encounter other storm damage or experience a storm related outage:
Small, Targeted Public Safety Power Shutoff: What People Should Know
The PSPS event in small parts of seven counties is expected to begin early Tuesday morning.
Forecasts continue to show high-risk conditions arriving overnight in the southern portion of PG&E’s service area, with high winds expected to subside by Wednesday morning. Before any PSPS restoration begins in targeted areas where the company shut off power for public safety, PG&E will inspect de-energized lines to ensure they were not damaged by high winds. PG&E will restore power safely and as quickly as possible once the weather all-clear is given.
PG&E is carefully monitoring weather conditions, which can change quickly. We remind our customers to have an emergency plan and make sure to provide PG&E up-to-date contact information.
Customer notifications—via text, email and automated phone call—began Saturday afternoon, two days prior to the potential shutoff. When possible, PG&E employees knocked on the doors of customers enrolled in the company’s Medical Baseline program who did not verify that they received these important safety messages. Those visits focused on customers who rely on electricity for critical life-sustaining equipment.
Customers by county who could potentially be affected by this PSPS event
Why PG&E Calls a PSPS Event
Due to forecasted extreme weather conditions, PG&E is considering proactively turning off power for safety. Windy conditions, like those being forecast, increase the potential for damage and hazards to the electric infrastructure, which could cause sparks if lines are energized. These conditions also increase the potential for rapid fire spread.
State officials classify more than half of PG&E’s 70,000-square-mile service area in Northern and Central California as having a high fire threat, given dry grasses and the high volume of dead and dying trees. The state’s high-risk areas have tripled in size in seven years.
No single factor drives a PSPS, as each situation is unique. PG&E carefully reviews a combination of many criteria when determining if power should be turned off for safety. These factors generally include, but are not limited to:
Here’s Where to Go to Learn More
Community Resource Centers Reflect COVID-Safety Protocols
To support our customers during this PSPS, PG&E will open Community Resource Centers (CRC) tomorrow from 8:00 a.m. until 9:30 p.m. at the following locations:
The temporary CRCs will provide ADA-accessible restrooms, hand-washing stations, medical-equipment charging, WiFi; bottled water, grab-and-go bags and non-perishable snacks.
The sole purpose of a PSPS is to reduce the risk of major wildfires during severe weather. While a PSPS is an important wildfire safety tool, PG&E understands that losing power disrupts lives, especially for customers sheltering-at-home in response to COVID-19. These temporary CRCs will be open to customers when power is out at their homes and will provide ADA-accessible restrooms and hand-washing stations; medical-equipment charging; Wi-Fi; bottled water; and non-perishable snacks.
In response to the COVID-19 pandemic, all CRCs will follow important health and safety protocols including:
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is one of the largest combined natural gas and electric energy companies in the United States. Based in San Francisco, with more than 20,000 employees, the company delivers some of the nation's cleanest energy to 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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415.973.5930
Partnership in the U.S. Includes Acquisition of 3.2 GW Utility-Scale Solar Projects and 2 GW of Co-located Energy Storage Projects
SAN FRANCISCO--(BUSINESS WIRE)--Candela Renewables today announced a partnership with Naturgy Energy Group, a multinational energy company based in Spain, which includes the acquisition of a development pipeline of 3.2 GW utility scale solar projects and 2 GW of co-located energy storage projects. This pipeline includes 340 MWAC of solar and 50 MWAC / 200 MWh of co-located storage with executed or awarded PPAs across 3 projects and an additional 260 MWAC shortlisted or in bilateral negotiations. Prior to the transaction, Candela had been developing projects for this pipeline for 2.5 years.
The partnership between Candela and Naturgy includes the formation of a new entity to own the pipeline and the execution of a five-year Development Services Agreement for Candela to continue developing the projects across the U.S., bringing Naturgy’s over 175 years of expertise and multinational scale to the U.S. renewable energy space.
For more information on the agreement, please visit: https://www.candelarenewables.com/news-blog/candela-partners-with-naturgy
About Candela Renewables
Founded by former First Solar executives, Candela has one of the most accomplished teams developing utility-scale solar power projects in the United States. Since it was founded in 2018, Candela has assembled a portfolio of more than 3.6 GW of utility-scale solar projects and 2.2 GW of co-located energy storage showcasing their ability to deliver high-quality, well-developed projects.
Candela has in-house expertise across all stages of the development lifecycle and can efficiently bring projects to either NTP or COD through their focused, proven and differentiated development strategy.
For more information, visit https://www.candelarenewables.com/
Sarah Ohlson, This email address is being protected from spambots. You need JavaScript enabled to view it.
Calysseo appoints Black & Veatch and Shanghai LBT Engineering & Technology as EPC contractors for its first commercial-scale animal feed production facility
BEIJING--(BUSINESS WIRE)--Asia is actively investing in biotechnology innovations to meet the needs of its rapidly growing population.
Calysseo’s FeedKind® single-cell protein project is one such biotechnology innovation that will enhance regional food safety and sustainability.
FeedKind® is an alternative bio-protein feed ingredient for the aquaculture industry. It is made by fermenting natural gas to create a safe, nutritious, traceable and affordable protein.
Calysseo has appointed the consortium of Black & Veatch and Shanghai LBT Engineering & Technology Co. Ltd to execute the full Engineering, Procurement and Construction (EPC) scope for its first commercial FeedKind® production facility.
Calysseo is a joint venture established by alternative protein producer Calysta and animal nutrition company Adisseo.
"Food security remains a priority in regions with growing populations like Asia. Alternative proteins, like FeedKind®, will contribute to building a more sustainable and resilient food system. We are excited to draw on our extensive experience in processing, handling and treating natural gas and our deep consulting, engineering and construction expertise to deliver the project execution certainty required by biotechnology leaders, like Calysseo,” said Jim Schnieders, Executive Vice President and Managing Director Floating Oil & Gas Solutions and Emerging Markets, Oil & Gas, Black & Veatch.
“Through strong and seamless cooperation with Black & Veatch, we will provide the best local content with design, fabrication and construction services for the first commercial project of Calysseo in China. This consortium teaming also provides a new EPC execution model that extends LBT’s full engineering value chain to global customers,” said Binqiang Shen, Chairman of Shanghai LBT Engineering & Technology Co. Ltd.
Located in Chongqing in southwest China, the biotechnology facility is projected to produce 20,000 tons per annum of FeedKind® by 2022.
As the consortium leader, Black & Veatch will provide project management, process design and global procurement expertise. Shanghai LBT Engineering and Technology Co. Ltd will provide local engineering design, permitting and construction expertise.
Black & Veatch provides innovative and cost-effective solutions on Liquefied Natural Gas (LNG), Floating LNG (FLNG), sulfur recovery, gas processing, gasification, and ammonia/fertilizer projects. It supports industries like biotechnology and food processing with a full range of services and engineering from consulting to design; to full engineering, procurement, construction (EPC) and start-up for projects.
Editor’s Notes:
About Black & Veatch
Black & Veatch is an employee-owned engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people in over 100 countries by addressing the resilience and reliability of our world's most important infrastructure assets. Our revenues in 2019 were US$3.7 billion. Follow us on www.bv.com and on social media.
Black & Veatch
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HOUSTON--(BUSINESS WIRE)--Datagration™ is pleased to announce the recent acquisition of Mosaic Petroleum Analytics, a data analytics, reservoir simulation, and economics platform designed to optimize unconventional reservoirs. The acquisition is the latest in a period of growth for Datagration™ to expand the capabilities of its PetroVisor™ platform.
The PetroVisor™ platform solves the “too much data, too little time.” conundrum that plagues oil and gas operators. It delivers automated engineering workflows in real time to improve engineering and investment decisions, such as operational and capital efficiency. PetroVisor™ offers a single collaborative environment to aggregate and analyze data, and build user defined workflows. These workflows connect people, systems and data with complete visibility to the end-to-end process. With the PetroVisor™ Platform, companies can improve organizational and cross-domain workflows, automating technical and business processes, and mitigating risk, all on a unified platform.
With the addition of unconventional resource workflows and tailored applications from Mosaic Petroleum Analytics, PetroVisor™ will now enable companies to rapidly assess recent well results against expectations, evaluate a wide range of completion designs with physics-based models, locate viable refrac candidates, and optimize development investment while accounting for uncertainty using stress testing. These results are generated in time frames useful for budget cycles and acquisition evaluations.
“We are very excited to be joining the Datagration™ team,” exclaims George Voneiff, CEO of Mosaic Petroleum Analytics. “The combination of the PetroVisor™ platform with our unconventional workflows will provide an unparalleled ability to quickly and efficiently evaluate parent/child relationships, optimize completions, and improve capital efficiency while embedding cutting-edge data analytics, physics-based modeling, and investor-oriented economics in the analysis.”
Using PetroVisor™, operators will now be able to implement a proven unconventional asset workflow to maximize capital efficiency in a commercial framework, designed by an E&P operator for investor-oriented decisions. The open, agnostic, transparent, and configurable platform provides many useful automated intermediate products including maps, dashboards, and production type curves. The physics-based completion optimization process delivers type curves and economics over user-defined ranges of lateral length and spacing, sand and fluid intensities, stage spacing, and injection rates. Thousands of potential completion designs are distilled into a few helpful visualizations to convey optimal and often less-risky near-optimal designs. There are also modules to optimize operating efficiencies on existing wells that merge real-time SCADA and machine learning.
“It is critical for the unconventional oil and gas industry to improve OpEx and CapEx efficiency and free cashflow,” shares Jorge Machnizh, President and CEO of Datagration™. “The addition of the Mosaic team and proven intellectual property to the PetroVisor™ platform will enable customers to make better operational and investment decisions based on physics and economic and stress testing to deliver better business outcomes, from the engineering teams to the board of directors.”
Additional key features of PetroVisor™ include:
“Datagration™ is thrilled to have the opportunity to combine Mosaic’s intellectual property of unconventional workflows that have been developed over 20 years within the PetroVisor™ platform,” remarks J. Ike Epley, Vice Chairman at Datagration™. “The vast knowledge of (Mosaic’s) George Voneiff and Peter Bastian in unconventional shale plays will enhance our product offering and put us on a path to deliver a set of unconventional workflows without equal in the market.”
About Datagration™:
Datagration delivers an easy to implement, open, and collaborative ecosystem of domain-specific platforms that create solutions for organizations by aggregating and integrating data from disparate legacy systems, databases, and unstructured documents into a unified cloud-based or on-premise environment. Combined with advanced AI / ML analytics, Datagration provides organizations with enhanced decision-making opportunities to maximize value creation. For more information on Datagration, please visit www.datagration.com.
Braxton Huggins
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LONDON--(BUSINESS WIRE)--#apac--The Dredging will register an incremental spend of about USD 2.34 billion, growing at a CAGR of 3.01% from 2020-2024. A targeted strategic approach to Dredging market sourcing can unlock several opportunities for buyers. This report offers market impact and new opportunities created due to the COVID-19 pandemic. Get free report sample within minutes
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Dredging Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Dredging research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers to devise a cost-effective category management strategy.
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DUBLIN--(BUSINESS WIRE)--The "Wind Turbine Bearings - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
The publisher brings years of research experience to the 8th edition of this report. The 179-page report presents concise insights into how the pandemic has impacted production and the buy side for 2020 and 2021. A short-term phased recovery by key geography is also addressed.
Global Wind Turbine Bearings Market to Reach $11 Billion by 2027
Amid the COVID-19 crisis, the global market for Wind Turbine Bearings estimated at US$5.1 Billion in the year 2020, is projected to reach a revised size of US$11 Billion by 2027, growing at a CAGR of 11.7% over the period 2020-2027.
Onshore Wind Turbine Bearings, one of the segments analyzed in the report, is projected to record 10.9% CAGR and reach US$8.1 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Offshore Wind Turbine Bearings segment is readjusted to a revised 14.2% CAGR for the next 7-year period.
The U.S. Market is Estimated at $1.4 Billion, While China is Forecast to Grow at 15.2% CAGR
The Wind Turbine Bearings market in the U.S. is estimated at US$1.4 Billion in the year 2020. China, the world's second largest economy, is forecast to reach a projected market size of US$2.4 Billion by the year 2027 trailing a CAGR of 15.2% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 8.2% and 10.1% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 9.1% CAGR.
Competitors identified in this market include, among others:
Key Topics Covered:
I. INTRODUCTION, METHODOLOGY & REPORT SCOPE
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
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HWASEONG, South Korea--(BUSINESS WIRE)--#CarbonPurification--Please replace the release dated January 14, 2021 with the following corrected version due to multiple revisions.
The updated release reads:
THERMVAC MOVES INTO JAPAN'S SPECIAL VACUUM FURNACE MARKET
ThermVac Inc., Korea's specialty manufacturer for vacuum furnaces, said that the carbon purification vacuum furnace which has been installed in the plant of a Korean unit of a Japanese carbon company, is currently working successfully.
This equipment is a special vacuum furnace purifying the carbon products to be used in semiconductor, photovoltaic and fiber optics industries, and thereby reducing the content of impurities to several ppm or less.
ThermVac was able to secure elemental technologies of fabricating purification equipment through the localization project of carbon purification furnace for two years, which had been supported by Korean government's technology development program. After that project, ThermVac has continuously researched the carbon purifying process with an in-house equipment, accumulating process technology and building equipment application capabilities. Based on this effort, it now becomes possible to overcome the limitations of narrow domestic market and boldly challenge the large markets of materials and parts such as Japan and China.
Recently, ThermVac has developed and completed a two-chamber type carbon purification furnace with the structure that separates the heating chamber and the cooling chamber and is now verifying its durability. Upon commercializing the two-chamber model, ThermVac expects to shorten the cycle of the carbon purification process that used to take more than 30 hours to 6 to 9 hours so that it will contribute to the expansion of the global market for high-purity carbon, which is explosively increasing in demand for secondary batteries, semiconductors and photovoltaic applications.
ThermVac
In-Seok Choi
+ 82-31-351-4490
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DUBLIN--(BUSINESS WIRE)--The "Energy Transition Strategies of Major Oil and Gas EPC Companies" report has been added to ResearchAndMarkets.com's offering.
The COVID-19 pandemic has significantly impacted the global demand for oil and gas. This downturn could bring forward the notion of peak oil demand, potentially hampering the growth prospects of oil producers.
Consequently, leading oil companies are planning to increase their focus on renewable energy generation and their related markets. This transition is prompting oil and gas EPC companies to realign their businesses and capitalize on this emerging market segment. Major EPC companies can leverage their expertise in project design and execution to deliver a strong value proposition in renewable energy markets.
Reviews preparedness of leading oil and gas EPC companies in the ongoing energy transition in the oil and gas industry.
Scope
Reasons to Buy
Key Topics Covered:
Executive Summary
Company Profiles
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DULUTH, Minn.--(BUSINESS WIRE)--ALLETE Inc. (NYSE:ALE) will announce its financial results for 2020 before the stock markets open on Wednesday, Feb. 17, 2021.
Following the release, ALLETE President and Chief Executive Officer Bethany M. Owen, Senior Vice President and Chief Financial Officer Robert J. Adams, and Vice President, Controller and Chief Accounting Officer Steven W. Morris will present an overview of results and discuss 2021 earnings guidance and other factors affecting performance during a conference call beginning at 10 a.m. Eastern time. Interested parties may listen to the conference live by calling (877) 303-5852 using passcode 9387381, or by accessing the webcast on ALLETE’s website, www.allete.com.
A replay of the call will be available through Feb. 24, 2021, by dialing (855) 859-2056, conference identification number 9387381. The webcast will be accessible for one year at www.allete.com.
ALLETE is an energy company headquartered in Duluth, Minn. In addition to its electric utilities, Minnesota Power and Superior Water, Light and Power of Wisconsin, ALLETE owns ALLETE Clean Energy, based in Duluth, BNI Energy in Bismarck, N.D., and has an eight percent equity interest in the American Transmission Co. More information about ALLETE is available at www.allete.com. ALE-CORP
Investor Contact:
Vince Meyer
218-723-3952
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The technology will allow more than 500 fuel sites across New Zealand to boost payments security and support new customer-centric digital offerings
RESTON, Va.--(BUSINESS WIRE)--Transaction Network Services (TNS) today announced a new partnership with Z Energy —New Zealand’s leading fuel retailer — to enhance their retail customer experience through TNS Secure SD-WAN, which leverages Fortinet’s Secure SD-WAN solution to combine industry-leading managed payment services with next-generation network security.
Because of the challenges impacting the financial durability of downstream fuel, savvy retailers are turning to new products and services that add value for customers, supported by fast, reliable connectivity and network infrastructure. With the installation of TNS Secure SD-WAN at more than 500 fuel sites across New Zealand, Z Energy gains the ability to deploy new customer-focused features and functionalities with efficient, secure payments capabilities.
“SD-WAN gives retailers a lower total cost of ownership while making management of their network less complex, and TNS’ solution is supported by cybersecurity protocols that work to prevent data breaches, PCI DSS-compliant security credentials, and our global payments experience as a managed service,” said John Tait, Global Managing Director of TNS’ Payments Market business. “These features give Z Energy a payments infrastructure and network connectivity layer fit for the 21st-century customer experience, paving the way for future growth and business transformation.”
Z Energy selected TNS following a competitive RFP process initiated after the fuel retailer’s previous network reached its end of life. Following the selection, TNS installed its Secure SD-WAN solution in a rolling implementation that concluded in November 2020 and saw all components functioned seamlessly across Z Energy’s multiple sites.
“During the RFP process, TNS not only demonstrated the ability to solve our network challenges, but also showed a sharp understanding of the fuel industry and our own business,” said Andy Stewart, Head of Site Systems. “Our technology decisions are driven by four key pillars — speed, safety, integration and sustainable cost leadership — and TNS’ Secure SD-WAN will allow us to reduce costs and add convenient digital touchpoints while prioritizing our customers’ health, safety and security.”
As a trusted partner to the payments industry, TNS offers a broad portfolio of secure commerce solutions that include parking reservations, unattended payments, POS services, ATM connectivity and managed processing. In 2020, TNS celebrates 30 years of being a worldwide provider to companies in mission critical industries. Many of the most prestigious financial institutions, POS ISOs, ATM deployers and transaction processors rely on TNS for secure and resilient infrastructure services, including managed connectivity. TNS’ secure infrastructure services are supported 24x7x365 from Network Operating Centers in the US, UK and Australia.
ENDS
About Transaction Network Services:
Transaction Network Services (TNS) is a leading global provider of infrastructure-as-a-service solutions and is committed to delivering these and superior service to the world’s most prestigious payments, financial services and telecommunications companies.
Founded in 1990 in the US and headquartered in Reston, Virginia, TNS has a strong payments heritage and provides managed services in more than 60 countries across the Americas, Europe and the Asia Pacific region. TNS is a Level 1 PCI DSS certified service provider, a member of CONEXXUS, and a global board member of the ATM Industry Association (ATMIA). For more information about TNS and its Payments solutions visit www.tnsi.com or go to our media center for our latest news www.tnsi.com/media-center/
For further information please contact:
Clare Cockroft
TNS
T: +44 (0)114 292 0163 / +1 703 814 8065
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or
Harvey Henao
Finn Partners
T: +1 312 766 5501
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TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) will report its fourth quarter 2020 financial results before the market opens on Monday, February 1, 2021. Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial (877) 506-1589 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. Canadian callers should dial (855) 669-9657 and all other International callers should dial (412) 317-5240 and request to be connected to the same call. Investors may also listen to the call via the “investor information” section of ARLP’s website at http://www.arlp.com.
An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (877) 344-7529; International Toll (412) 317-0088; Canada Toll Free (855) 669-9658 and request to be connected to replay access code 10151585.
About Alliance Resource Partners, L.P.
ARLP is a diversified natural resource company that generates income from coal production and oil and gas mineral interests located in strategic producing regions across the United States.
ARLP currently produces coal from seven mining complexes it operates in Illinois, Indiana, Kentucky, Maryland and West Virginia. ARLP also operates a coal loading terminal on the Ohio River at Mount Vernon, Indiana. ARLP markets its coal production to major domestic and international utilities and industrial users and is currently the second largest coal producer in the eastern United States.
ARLP generates royalty income from mineral interests it owns in premier oil and gas producing regions in the US, primarily the Permian, Anadarko, Williston and Appalachian basins.
In addition, ARLP also generates income from a variety of other sources.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7673
DUBLIN--(BUSINESS WIRE)--The "Barite Market by Form, Grade, Colour, Deposit Type, and End-use Industry: Global Opportunity Analysis and Industry Forecast, 2020-2027" report has been added to ResearchAndMarkets.com's offering.
The global barite market was valued at $1.4 billion in 2019, and is projected to reach $2.4 billion by 2027, growing at a CAGR of 7.3% from 2020 to 2027.
Barite is comprised of barium sulphate is a common mineral used by oil & gas companies in their drilling activities. It is used in the drilling fluids to maintain the pressure in the well during drilling and to prevent the influx of unwanted fluids from the formation. It is also used as a filler, extender, or weighting agent in products such as paints, plastics, and rubber.
The barite market is mainly driven by its growing consumption in oil & gas drilling industry. According to the U.S. Department of the Interior and U.S. Geological Survey, drilling activity accounts for around 90.0% of global barite consumption. Increase in crude oil and petrochemical consumption across various industries such as transportation, plastics, and paints & coatings has surged oil & gas exploration activities in offshore sites. In addition, rise in investment in deep and ultra-deep offshore exploration activities is expected to further augment the market growth during the forecast period.
Furthermore, increase in supply-demand gap on account of unstable political conditions in the Middle East and North Africa drives exploration activities in Eastern Europe and North America, which in turn is expected to have a positive impact on the global barite market. Large sea shores possessed by various countries have driven efforts toward offshore oilfield excavations, which is likely to drive the growth of the market in coming years. In addition, barite is also used in automobile brake and clutch pads, automobile paint primer for metal protection and gloss, use as a weighting agent in rubber, and in the cement jacket around underwater petroleum pipelines.
In the metal-casting industry, barite is part of the mold-release compounds. Because barite significantly blocks x-ray and gamma-ray emissions, it is used as aggregate in high-density concrete for radiation shielding around x-ray units in hospitals, nuclear powerplants, and university nuclear research facilities. Ultrapure barite is used as a contrast medium in x-ray and computed tomography examinations of the gastrointestinal tract. Owing to growth of consumption of barite across the different end-use industries is expected to surge the demand for barite during the forecast period.
However, factors such as substitution of barite for other minerals are expected to hinder the growth of the barite market. In addition, untapped oil reserves in emerging oil-producing regions such as Africa and the Pacific Ocean, therefore, offer lucrative opportunities to the players manufacturing barite-based weighting agents used in the oil & gas industry. This is expected to provide lucrative opportunities for the barite market to grow in the near future.
COVID-19 Analysis:
Key Benefits
Market Dynamics
Drivers
Restraint
Opportunity
Companies Profiled
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DUBLIN--(BUSINESS WIRE)--The "Circuit Breaker Market by Insulation Type (Vacuum, Air, Gas, & Oil), Voltage (Medium, High), Installation (Indoor, Outdoor), End User (Transmission & Distribution Utilities, Power Generation, Renewables, & Railways) and Region - Global Forecast to 2025" report has been added to ResearchAndMarkets.com's offering.
The global circuit breaker market size is projected to grow from an estimated USD 5.7 billion in 2020 to USD 7.7 billion by 2025, at a CAGR of 5.9% from 2020 to 2025.
The key drivers for the circuit breaker market include growing investments in power generation, specifically from renewable energy sources; rising demand for reliable and secure power supply worldwide; increasing capacity additions and enhancements for T&D networks; and accelerating investments in railways sectors.
The gas circuit breaker segment is expected to hold the largest share of the circuit breaker market, by insulation type, during the forecast period.
The gas circuit breakers segment is estimated to lead the circuit breaker market during the forecast period. The market for a gas circuit breaker is driven by high dielectric property and less space requirement. The Asia Pacific is estimated to hold the largest share of the gas circuit breakers market, followed by Europe because of increasing investments in renewable energy resulting in the demand for the upgrades of the existing substations or the installation of new ones are expected to drive the market for SF6-based gas-insulated switchgear.
Asia Pacific: The fastest-growing market for circuit breaker.
The Asia Pacific is the fastest-growing market for circuit breakers, followed by Europe, and North America. The growth of this region is driven by increasing T&D network expansion and industrialization projects in countries such as China, Japan, and South Korea. For instance, The State Grid Corporation of China (SGCC) plans to invest USD 250 billion in electric power infrastructure upgrade, out of which USD 45 billion are planned to be invested in smart grids between 2018 and 2020. Korea Electric Power Corp. (KEPCO) of South Korea also plans to invest USD 7.18 billion for nationwide smart grid infrastructure, which is to be completed by 2030. All these investments are likely to create demand for circuit breakers in the region.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/980axs
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LONDON--(BUSINESS WIRE)--#GlobalThermalEnergyStorageMarket--The thermal energy storage market is poised to grow by 1,956.30 MW during 2020-2024, progressing at a CAGR of almost 10% during the forecast period.
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The report on the thermal energy storage market provides a holistic update, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis.
The report offers an up-to-date analysis regarding the current global market scenario and the overall market environment. The market is driven by use of thermal energy storage in CSP plants.
The thermal energy storage market analysis includes technology segment and geography landscape. This study identifies the increasing use of thermal energy storage in smart cities and smart buildings as one of the prime reasons driving the thermal energy storage market growth during the next few years.
This report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.
The thermal energy storage market covers the following areas:
Thermal Energy Storage Market Sizing
Thermal Energy Storage Market Forecast
Thermal Energy Storage Market Analysis
Companies Mentioned
Related Reports on Utilities Include:
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Technology
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
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PDI’s payments platform powers EG Group’s SmartPay Rewards app that will be rolled out to thousands of sites
ATLANTA--(BUSINESS WIRE)--#EGGroup--PDI (www.pdisoftware.com), a global provider of enterprise software solutions to convenience retailers and petroleum wholesalers, announced it has reached an agreement with EG Group to expand the use of PDI Payments to nearly 1,700 sites across North America.
PDI added payments capabilities to its Marketing Cloud Solutions offering last year after acquiring ZipLine, the industry leader for ACH payment and provider of mobile payment technology. The PDI Payments platform currently powers EG Group’s SmartPay Rewards. The rewards program originated with Cumberland Farms—one of several U.S.-based convenience store brands EG Group acquired in recent years—and will soon be rolled out to EG Group’s remaining stores across North America.
Customers can download the free app and enjoy a contactless payment experience, whether making purchases in the store or at the pump. PDI will provide the technology to support customer enrollment in SmartPay and deliver ongoing customer service for reward members. The program also allows members to save 10 cents on every gallon of gas they buy as well as earn other rewards.
“We’ve seen significant consumer adoption at the locations where we’ve implemented our SmartPay program,” said Mohsin Issa, Founder and co-CEO at EG Group. “We’re excited to extend our partnership with PDI so we can quickly offer this valuable service to an even larger segment of our loyal customer base.”
Today’s news is the latest example of EG Group and PDI’s growing business relationship. PDI previously announced that the UK-based convenience retailer would implement its ERP, Fuel Pricing, and Logistics solutions to thousands of sites across Europe, North America and Australia.
“We’re proud to be a trusted partner in EG Group’s ongoing growth and development strategy,” said Jimmy Frangis, CEO at PDI. “Payments are such an integral part of creating a convenient, digital-first customer journey. We’re pleased to support a respected global brand like EG Group as they provide differentiated customer experiences at the pump and in the store.”
About PDI
Professional Datasolutions, Inc. (PDI) helps convenience retailers and petroleum wholesalers thrive through digital transformation and enterprise software that enables them to grow topline revenue, optimize operations and unify their business across the entire value chain. Over 1,500 customers in more than 200,000 locations worldwide count on our leading ERP, logistics, fuel pricing and marketing cloud solutions to provide insights that increase volume, margin and customer loyalty. PDI owns and operates the Fuel Rewards® loyalty program that is consistently ranked as a top-performing fuel savings program year after year. For more than 35 years, our comprehensive suite of solutions and unmatched expertise have helped customers of any size reimagine their enterprise and deliver exceptional customer experiences. For more information about PDI, visit www.pdisoftware.com.
Cederick Johnson, PDI
+1 254.410.7600 I This email address is being protected from spambots. You need JavaScript enabled to view it.
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