Customer Protections, Financial-Assistance Programs and Other Resources Are Ready and Here to Help During These Trying Times
SAN FRANCISCO--(BUSINESS WIRE)--As COVID-19 cases rise throughout the state, Pacific Gas and Electric Company (PG&E) continues to offer support in numerous ways for customers navigating the unprecedented pandemic and reminds our customers that we’re here to help.
“We immediately took action earlier this year to provide support for customers financially impacted by the pandemic and all of those protections remain in place as we move into 2021. We are also reminding customers about the various resources and programs we have available to help them lower their energy costs,” said Laurie Giammona, PG&E’s Chief Customer Officer and a Senior Vice President.
Actions to Protect Customers
PG&E intends on maintaining the following customer protections through April 16, 2021:
PG&E helped almost 200,000 customers enroll in the CARE program this year providing income-qualified customers with a monthly discount. At the end of October, more than 1.57 million PG&E customers were enrolled in CARE, compared to the 1.39 million enrolled at the end of February prior to the shelter-at- home mandates.
More Energy Saving Resources and Financial Assistance Programs
To take advantage of additional programs, tools and savings opportunities, PG&E recommends customers become more familiar with the following:
Active COVID-19 Protocols
As always, the safety of our customers and employees is PG&E’s most important responsibility. As our field crews perform critical safety and maintenance work as well as follow COVID-19 protocols including wearing face-coverings and respecting social distancing guidelines, we ask our customers to do the same. Your actions can keep our workforce healthy and safe as we continue to maintain and safely operate gas and electric services for our customers.
For more information on PG&E’s response to the virus visit pge.com/covid19/.
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 24,000 employees, the company delivers some of the nation’s cleanest energy to nearly 16 million people in Northern and Central California. For more information, visit pge.com and pge.com/news.
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DUBLIN--(BUSINESS WIRE)--The "Refinery Catalysts Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2020-2025" report has been added to ResearchAndMarkets.com's offering.
The grew global refinery catalysts market at a CAGR of around 4% during 2014-2019. Looking forward, the market is set to continue its moderate growth during the next five years.
Refinery catalysts refer to various chemical substances that are used for converting petroleum refinery naphtha into high-octane liquid products or reformats. It uses platinum catalysts for treating petroleum, crude oil and gasoline to alter the rate of chemical reactions and enhance the quality of the end product.
Significant growth in the oil and gas industry across the globe is one of the key factors creating a positive outlook for the market. Furthermore, the rising demand for cleaner petroleum derivatives is contributing to the market growth. In line with this, the increasing adoption of zeolites as an effective refinery catalyst is also driving the market further.
They are commonly used in fluid catalytic cracking (FCC) processes, owing to their advantageous properties, such as micro-porosity and adjustable acidity and aid in converting feeds, such as cracked and de-asphalted gas oils and vacuum resins, to high-value products. Additionally, widespread product adoption by the aerospace industry is acting as another growth-inducing factor. Refinery catalysts are used for processing jet fuels, kerosene, hydro wax and ultra-low sulfur diesel (ULSD) as a petroleum derivative.
Other factors, including the increasing demand for petroleum products for industrial power generation, along with the implementation of favorable government policies promoting the usage of these catalysts for reducing toxic pollutants and smog-formation in the air.
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.4 Market Estimation
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Refinery Catalysts Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Fluid Catalytic Cracking (FCC) Catalysts
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Hydro-processing Catalysts
6.2.1 Market Trends
6.2.2 Major Types
6.2.2.1 Hydrotreating Catalysts
6.2.2.2 Hydrocracking Catalysts
6.2.3 Market Forecast
6.3 Catalytic Reforming Catalysts
7 Market Breakup by Material
7.1 Zeolites
7.1.1 Market Trends
7.1.2 Major Types
7.1.2.1 Natural Zeolites
7.1.2.2 Synthetic Zeolites
7.1.3 Market Forecast
7.2 Metals
7.2.1 Market Trends
7.2.2 Major Types
7.2.2.1 Rare Earth Metals
7.2.2.2 Transition & Base Metals
7.2.3 Market Forecast
7.3 Chemical Compounds
7.3.1 Market Trends
7.3.2 Major Types
7.3.2.1 Sulphuric Acid & Hydrofluric Acid
7.3.2.2 Calcium Carbonate
7.3.3 Market Forecast
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
For more information about this report visit https://www.researchandmarkets.com/r/9ixxp3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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EWING, N.J.--(BUSINESS WIRE)--$OLED #CSR--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED® technology and materials, announced today that the Company was named to Newsweek’s list of America's Most Responsible Companies 2021. Universal Display ranked #49 on the list, which recognizes the top 400 most responsible companies in the United States across fourteen different industry subcategories.
“We are honored to be ranked among the country’s most responsible companies,” said Steven V. Abramson, President and Chief Executive Officer of Universal Display. “This recognition is a testament to our corporate values and commitment across the Company to being a good corporate steward. We are continuously advancing our efforts around sustainability through innovation and improvement, fostering a culture of inclusivity and collaboration, and supporting local community programs and global educational initiatives. As a leader in the OLED market, we will endeavor to continue to have a positive impact on our employees, customers, and the communities around us.”
Newsweek partnered with Statista to recognize the top 400 most responsible companies in the United States. America’s Most Responsible Companies were selected based on publicly available key performance indicators derived from CSR Reports, Sustainability Reports, and Corporate Citizenship Reports as well as an independent survey of U.S. residents. The analysis was carried out in a 4-phase process, starting with a pool of over 2,000 companies that were screened by different criteria. All the companies that passed the pre-screening (carried out in June and July 2020) have been analyzed in detail. For more details on the methodology, please visit: https://d.newsweek.com/en/file/460902/americas-most-responsible-companies-2021-methodology-v2.pdf.
For more information about Universal Display Corporation’s corporate social responsibility commitment, please visit https://ir.oled.com/shareholders/Corporate-Responsibility/default.aspx.
About Universal Display Corporation
Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display, solid-state lighting applications with subsidiaries and offices around the world. Founded in 1994, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED® phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.
Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.
All statements in this document that are not historical, such as those relating to the impact of the COVID-19 pandemic on the Company and otherwise, the Company’s technologies and potential applications of those technologies, the Company’s expected results and future declaration of dividends, as well as the growth of the OLED market and the Company’s opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporation’s current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporation’s periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the sections entitled “Risk Factors” in Universal Display Corporation’s Annual Report on Form 10-K for the year ended December 31, 2019 and subsequent Quarterly Reports on Form 10-Q. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.
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Universal Display Contact:
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LONDON--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading operator of global exchanges and clearing houses and provider of mortgage technology, data and listings services, today marks a new milestone in the liberalization of natural gas markets with the launch of West India Marker LNG (Platts) futures contracts (“WIM LNG”).
This financially settled futures contract will settle against the S&P Global Platts daily assessment price for the LNG West India Marker (WIM) for spot physical LNG cargoes delivered into ports in India, Dubai and Kuwait.
WIM LNG futures sit within ICE’s global natural gas complex alongside TTF, NBP, Henry Hub, and JKM LNG (Platts) futures. JKM reflects cargoes delivered into ports in Japan, Korea, Taiwan and China, while the WIM reflects cargoes delivered into the ports of India and the Middle East.
India has one of the strongest and fastest growing economies in the world. With a population of 1.4 billion, making energy secure, affordable and sustainable is essential to supporting India’s growth. LNG is crucial to countries such as India which have developing infrastructure. LNG is expected to remain a key component of India’s gas consumption as the government aims to boost its share in the energy mix from the current 6% to 15% by 2030, amid dwindling domestic gas production. WIM provides the link between the global LNG market and the value of gas further downstream in India, as well as the anchor for the trading of spot LNG cargoes in South and West Asia.
“Asia plays a fundamental role in global natural gas price formation and the launch of WIM futures adds another significant milestone in the liberalization of natural gas markets east of Suez. WIM futures will complement the already established North East Asian JKM contract,” said Gordon Bennett, Managing Director, Utility Markets at ICE. “The natural gas market is evolving rapidly and WIM provides new risk management tools to those buying, selling and hedging natural gas in South and West Asia.”
“The rapid commoditization of the LNG market has resulted in the establishment of LNG benchmarks across different regions. The burgeoning development of WIM reflects a significant growth in transparency, standardization and liquidity of the LNG cargo trade in the Middle East and India region,” said Vera Blei, Global Director, Oil & LNG Markets at Platts. “This has led to rising adoption of WIM in physical contracts, and we are pleased that ICE and market participants recognize the crucial role our independent price assessment plays in creating price transparency, which in turn provides opportunities for the provision of risk management tools that bring greater efficiency to the global LNG markets.”
The globalization of natural gas markets, driven by the liberalization of LNG, has brought the demand centres of Europe and Asia to the forefront of global natural gas price formation. Market participants are increasingly utilizing the TTF and JKM natural gas benchmarks to risk manage these changing dynamics. TTF futures and options volume is up by more than 50% year over year, while open interest is up approximately 20% year over year. Open interest in JKM LNG (Platts) futures and options is up by 35% year over year and volume is up approximately 50% year over year.
About Intercontinental Exchange
Intercontinental Exchange (NYSE: ICE) is a Fortune 500 company and provider of marketplace infrastructure, data services and technology solutions to a broad range of customers including financial institutions, corporations and government entities. We operate regulated marketplaces, including the New York Stock Exchange, for the listing, trading and clearing of a broad array of derivatives contracts and financial securities across major asset classes. Our comprehensive data services offering supports the trading, investment, risk management and connectivity needs of customers around the world and across asset classes. As a leading technology provider for the U.S. residential mortgage industry, ICE Mortgage Technology provides the technology and infrastructure to transform and digitize U.S. residential mortgages, from application and loan origination through to final settlement.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2019, as filed with the SEC on February 6, 2020.
Source: Intercontinental Exchange
ICE-CORP
ICE Media Contact
Rebecca Mitchell
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ICE Investor Contact
Warren Gardiner
770-835-0114
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HOUSTON--(BUSINESS WIRE)--ConocoPhillips (NYSE: COP) today announced that, in connection with the anticipated acquisition of Concho Resources Inc. (“Concho”) (NYSE: CXO) by ConocoPhillips, ConocoPhillips has commenced offers to eligible holders to exchange (each an “Exchange Offer” and collectively, the “Exchange Offers”) any and all outstanding notes issued by Concho as set forth in the table below (the “Existing Concho Notes”) for (1) up to $3,900,000,000 aggregate principal amount of new notes issued by ConocoPhillips and fully and unconditionally guaranteed by ConocoPhillips Company (the “New ConocoPhillips Notes”) and (2) cash.
The following table sets forth the Exchange Consideration and Total Exchange Consideration for each series of Existing Concho Notes:
Title of Series/ CUSIP Number of Existing Concho Notes |
Maturity Date |
Aggregate Principal Amount Outstanding |
Exchange Consideration(1) |
Total Exchange Consideration(2) |
3.750% Senior Notes due 2027 / 20605PAH4 |
October 1, 2027 |
$1,000,000,000 |
$970 principal amount of New ConocoPhillips 3.750% Notes due 2027 |
$1,000 principal amount of New ConocoPhillips 3.750% Notes due 2027 and $1.00 in cash |
4.300% Senior Notes due 2028 / 20605PAK7 |
August 15, 2028 |
$1,000,000,000 |
$970 principal amount of New ConocoPhillips 4.300% Notes due 2028 |
$1,000 principal amount of New ConocoPhillips 4.300% Notes due 2028 and $1.00 in cash |
2.400% Senior Notes due 2031 / 20605PAM3 |
February 15, 2031 |
$500,000,000 |
$970 principal amount of New ConocoPhillips 2.400% Notes due 2031 |
$1,000 principal amount of New ConocoPhillips 2.400% Notes due 2031 and $1.00 in cash |
4.875% Senior Notes due 2047 / 20605PAJ0 |
October 1, 2047 |
$800,000,000 |
$970 principal amount of New ConocoPhillips 4.875% Notes due 2047 |
$1,000 principal amount of New ConocoPhillips 4.875% Notes due 2047 and $1.00 in cash |
4.850% Senior Notes due 2048 / 20605PAL5 |
August 15, 2048 |
$600,000,000 |
$970 principal amount of New ConocoPhillips 4.850% Notes due 2048 |
$1,000 principal amount of New ConocoPhillips 4.850% Notes due 2048 and $1.00 in cash |
(1) |
|
For each $1,000 principal amount of Existing Concho Notes validly tendered after the Early Tender Date (as defined herein) but at or before the Expiration Date, not validly withdrawn and accepted for exchange. |
(2) |
|
For each $1,000 principal amount of Existing Concho Notes validly tendered at or before the Early Tender Date (as defined herein), not validly withdrawn and accepted for exchange. |
In conjunction with the Exchange Offers, Concho is soliciting consents (each, a “Consent Solicitation” and, collectively, the “Consent Solicitations”) to adopt certain proposed amendments to each of the indentures governing the Existing Concho Notes to eliminate certain of the covenants, restrictive provisions, events of default and the requirement for certain Concho subsidiaries to make guarantees in the future from such indentures.
The Exchange Offers and Consent Solicitations are being made pursuant to the terms and subject to the conditions set forth in the offering memorandum and consent solicitation statement dated as of Dec. 7, 2020 (the “Offering Memorandum and Consent Solicitation Statement”).
Each Exchange Offer and Consent Solicitation is conditioned upon the completion of the other Exchange Offers and Consent Solicitations, although ConocoPhillips may waive such condition at any time with respect to an Exchange Offer. Any waiver of a condition by ConocoPhillips with respect to an Exchange Offer will automatically waive such condition with respect to the corresponding Consent Solicitation.
In addition, the Exchange Offers and Consent Solicitations are subject to the consummation of the transactions contemplated by the Agreement and Plan of Merger, dated as of Oct. 18, 2020 (as it may be amended from time to time, the “Merger Agreement”), among ConocoPhillips, Falcon Merger Sub Corp., a wholly owned subsidiary of ConocoPhillips (“Merger Sub”) and Concho, pursuant to which Merger Sub will merge with and into Concho (the “Merger”) with Concho surviving the Merger as a wholly owned subsidiary of ConocoPhillips.
ConocoPhillips, in its sole discretion, may modify or terminate the Exchange Offers and may extend the Early Tender Date (as defined herein), the Expiration Date (as defined herein) and/or the settlement date with respect to the Exchange Offers, subject to applicable law. Any such modification, termination or extension by ConocoPhillips will automatically modify, terminate or extend the corresponding Consent Solicitation, as applicable.
Holders who validly tender their Existing Concho Notes at or prior to 5:00 p.m., New York City time, on Dec. 18, 2020, unless extended (the “Early Tender Date”), will be eligible to receive, on the settlement date, the applicable Total Exchange Consideration as set forth in the table above for all such Existing Concho Notes that are accepted. Holders who validly tender their Existing Concho Notes after the Early Tender Date but no later than 5:00 p.m., New York City time, on Jan. 15, 2021, unless extended (the “Expiration Date”), will be eligible to receive, on the settlement date, the applicable Exchange Consideration as set forth in the table above, for all such Existing Concho Notes that are accepted. The settlement date will be promptly after the Expiration Date and is expected to be within two business days after the Expiration Date.
Documents relating to the Exchange Offers and Consent Solicitations will be distributed only to eligible holders of Existing Concho Notes who certify that they are either (a) “Qualified Institutional Buyers” as that term is defined in Rule 144A under the Securities Act of 1933 (the “Securities Act”), or (b) persons that are outside the “United States” and that (i) are not “U.S. persons,” as those terms are defined in Rule 902 under the Securities Act, (ii) in the case of persons located in the European Economic Area or the United Kingdom, are not “Retail Investors” (as defined in the Offering Memorandum and Consent Solicitation Statement), (iii) in the case of persons located in the United Kingdom, are “Relevant Persons” (as defined in the Offering Memorandum and Consent Solicitation Statement) and (iv) are not located in Canada. The complete terms and conditions of the Exchange Offers and Consent Solicitations are described in the Offering Memorandum and Consent Solicitation Statement, a copy of which may be obtained by contacting Global Bondholder Services Corporation, the exchange agent and information agent in connection with the Exchange Offers and Consent Solicitations, at (866) 470-3800 (U.S. toll-free) or (212) 430-3774 (banks and brokers) or This email address is being protected from spambots. You need JavaScript enabled to view it.. The eligibility form is available electronically at: https://gbsc-usa.com/eligibility/conocophillips.
This press release does not constitute an offer to sell or purchase, or a solicitation of an offer to sell or purchase, or the solicitation of tenders or consents with respect to, any security. No offer, solicitation, purchase or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful. The Exchange Offers and Consent Solicitations are being made solely pursuant to the Offering Memorandum and Consent Solicitation Statement and only to such persons and in such jurisdictions as is permitted under applicable law.
The New ConocoPhillips Notes have not been and will not be registered under the Securities Act or any state securities laws. Therefore, the New ConocoPhillips Notes may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements of the Securities Act and any applicable state securities laws.
--- # # # ---
About ConocoPhillips
Headquartered in Houston, Texas, ConocoPhillips had operations and activities in 15 countries, $63 billion of total assets, and approximately 9,800 employees at Sept. 30, 2020. Production excluding Libya averaged 1,108 MBOED for the nine months ended Sept. 30, 2020, and proved reserves were 5.3 BBOE as of Dec. 31, 2019. For more information, go to www.conocophillips.com.
CAUTIONARY STATEMENT FOR THE PURPOSES OF THE "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995
All statements other than historical facts may be forward-looking statements within the meaning of the federal securities laws. Forward-looking statements relate to future events and anticipated results of operations and business strategies, statements regarding the Merger, including the anticipated benefits of the Merger, the anticipated impact of the Merger on ConocoPhillips’ business and future financial and operating results, the expected amount and timing of synergies from the Merger, and the anticipated closing date for the Merger and other aspects of operations or operating results. All statements, other than statements of historical fact, that address activities, events or developments that ConocoPhillips or Concho expects, believes or anticipates will or may occur in the future are forward-looking statements. Words and phrases such as “anticipate,” “estimate,” “believe,” “budget,” “continue,” “could,” “intend,” “may,” “plan,” “potential,” “predict,” “seek,” “should,” “will,” “would,” “expect,” “objective,” “projection,” “forecast,” “goal,” “guidance,” “outlook,” “effort,” “target” and other similar words can be used to identify forward-looking statements. However, the absence of these words does not mean that the statements are not forward-looking. Where, in any forward-looking statement, ConocoPhillips or Concho expresses an expectation or belief as to future results, such expectation or belief is expressed in good faith and believed to be reasonable at the time such forward-looking statement is made. However, these statements are not guarantees of future performance and involve certain risks, uncertainties and other factors beyond ConocoPhillips’ and Concho’s control. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in the forward-looking statements. The following important factors and uncertainties, among others, could cause actual results or events to differ materially from those included in this press release. These include the ability to successfully integrate Concho’s businesses and technologies; the risk that the expected benefits and synergies of the Merger may not be fully achieved in a timely manner, or at all; the risk that ConocoPhillips or Concho will be unable to retain and hire key personnel; the risk associated with ConocoPhillips’ and Concho’s ability to obtain the approvals of the respective stockholders required to consummate the Merger and the timing of the closing of the Merger, including the risk that the conditions to the Merger are not satisfied on a timely basis or at all or the failure of the Merger to close for any other reason or to close on the anticipated terms; unanticipated difficulties or expenditures relating to the Merger, the response of business partners and retention as a result of the announcement and pendency of the Merger; uncertainty as to the long-term value of ConocoPhillips common stock; the diversion of management time on Merger-related matters; the inability to realize anticipated cost savings and capital expenditure reductions; the inadequacy of storage capacity for ConocoPhillips and Concho products, and ensuing curtailments, whether voluntary or involuntary, required to mitigate this physical constraint; the impact of public health crises, including pandemics (such as COVID-19) and epidemics and any related company or government policies or actions; global and regional changes in the demand, supply, prices, differentials or other market conditions affecting oil and gas, including changes resulting from a public health crisis or from the imposition or lifting of crude oil production quotas or other actions that might be imposed by OPEC and other producing countries and the resulting company or third-party actions in response to such changes; fluctuations in crude oil, bitumen, natural gas, LNG and NGLs prices, including a prolonged decline in these prices relative to historical or future expected levels; the impact of significant declines in prices for crude oil, bitumen, natural gas, LNG and NGLs, which may result in recognition of impairment charges on ConocoPhillips’ or Concho’s long-lived assets, leaseholds and nonconsolidated equity investments; potential failures or delays in achieving expected reserve or production levels from existing and future oil and gas developments, including due to operating hazards, drilling risks and the inherent uncertainties in predicting reserves and reservoir performance; reductions in reserves replacement rates, whether as a result of the significant declines in commodity prices or otherwise; unsuccessful exploratory drilling activities or the inability to obtain access to exploratory acreage; unexpected changes in costs or technical requirements for constructing, modifying or operating E&P facilities; legislative and regulatory initiatives addressing environmental concerns, including initiatives addressing the impact of global climate change or further regulating hydraulic fracturing, methane emissions, flaring or water disposal; lack of, or disruptions in, adequate and reliable transportation for ConocoPhillips’ or Concho’s sales volumes, including crude oil, bitumen, natural gas, LNG and NGLs; the inability to timely obtain or maintain permits, including those necessary for construction, drilling and/or development, or inability to make capital expenditures required to maintain compliance with any necessary permits or applicable laws or regulations; the failure to complete definitive agreements and feasibility studies for, and to complete construction of, announced and future E&P and LNG development in a timely manner (if at all) or on budget; potential disruption or interruption of ConocoPhillips’ or Concho’s operations due to accidents, extraordinary weather events, civil unrest, political events, war, terrorism, cyber attacks, and information technology failures, constraints or disruptions; changes in international monetary conditions and foreign currency exchange rate fluctuations; changes in international trade relationships, including the imposition of trade restrictions or tariffs relating to ConocoPhillips’ or Concho’s sales volumes, including crude oil, bitumen, natural gas, LNG, NGLs and any materials or products (such as aluminum and steel) used in the operation of ConocoPhillips’ or Concho’s business; substantial investment in, and development and use of, competing or alternative energy sources, including as a result of existing or future environmental rules and regulations; liability for remedial actions, including removal and reclamation obligations, under existing and future environmental regulations and litigation; significant operational or investment changes imposed by existing or future environmental statutes and regulations, including international agreements and national or regional legislation and regulatory measures to limit or reduce GHG emissions; liability resulting from litigation, including litigation related to the Merger, or ConocoPhillips’ or Concho’s failure to comply with applicable laws and regulations; general domestic and international economic and political developments, including armed hostilities; expropriation of assets; changes in governmental policies relating to crude oil, bitumen, natural gas, LNG and NGLs pricing, regulation or taxation, and other political, economic or diplomatic developments; volatility in the commodity futures markets; changes in tax and other laws, regulations (including alternative energy mandates), or royalty rules applicable to ConocoPhillips’ or Concho’s business; competition and consolidation in the oil and gas E&P industry; any limitations on ConocoPhillips’ or Concho’s access to capital or increase in ConocoPhillips’ or Concho’s cost of capital, including as a result of illiquidity or uncertainty in domestic or international financial markets; ConocoPhillips’ or Concho’s inability to execute, or delays in the completion of, any asset dispositions or acquisitions ConocoPhillips or Concho elects to pursue; potential failure to obtain, or delays in obtaining, any necessary regulatory approvals for pending or future asset dispositions or acquisitions, or that such approvals may require modification to the terms of the transactions or the operation of ConocoPhillips’ or Concho’s remaining business; potential disruption of ConocoPhillips’ or Concho’s operations as a result of pending or future asset dispositions or acquisitions, including the diversion of management time and attention; the inability to deploy the net proceeds from any asset dispositions that are pending or that ConocoPhillips or Concho elects to undertake in the future in the manner and timeframe ConocoPhillips or Concho currently anticipates, if at all; the inability to liquidate the common stock issued to ConocoPhillips by Cenovus Energy as part of ConocoPhillips’ sale of certain assets in western Canada at prices ConocoPhillips deems acceptable, or at all; the operation and financing of ConocoPhillips’ or Concho’s joint ventures; and the ability of ConocoPhillips or Concho customers and other contractual counterparties to satisfy their obligations to ConocoPhillips or Concho, including ConocoPhillips’ ability to collect payments when due from the government of Venezuela or PDVSA.
Additional important risks, uncertainties and other factors are described in the Offering Memorandum and Consent Solicitation Statement, ConocoPhillips’ Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and ConocoPhillips’ Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020, certain Current Reports on Form 8-K and other filings ConocoPhillips makes with the SEC and in Concho’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and Concho’s Quarterly Reports on Form 10-Q for the quarterly periods ended March 31, 2020, June 30, 2020 and September 30, 2020, certain Current Reports on Form 8-K and other filings Concho makes with the SEC.
Except as required by law, neither ConocoPhillips nor Concho undertakes or assumes any obligation to update any forward-looking statements, whether as a result of new information or to reflect subsequent events or circumstances or otherwise. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof.
Additional Information about the Merger and Where to Find It
In connection with the Merger, ConocoPhillips filed with the SEC a registration statement on Form S-4 on November 18, 2020, that includes a preliminary joint proxy statement of ConocoPhillips and Concho and that also constitutes a preliminary prospectus of ConocoPhillips. Each of ConocoPhillips and Concho also intends to file other relevant documents with the SEC regarding the Merger, including the definitive joint proxy statement/prospectus. The information in the preliminary joint proxy statement/prospectus is not complete and may be changed. This document is not a substitute for the preliminary joint proxy statement/prospectus or registration statement or any other document that ConocoPhillips or Concho may file with the SEC. The definitive joint proxy statement/prospectus (if and when available) will be mailed to stockholders of ConocoPhillips and Concho. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT, THE PRELIMINARY JOINT PROXY STATEMENT/PROSPECTUS, THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS IF AND WHEN IT BECOMES AVAILABLE AND ANY OTHER RELEVANT DOCUMENTS THAT MAY BE FILED WITH THE SEC, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT THE MERGER. Investors and security holders are able to obtain free copies of the registration statement and preliminary joint proxy statement/prospectus and all other documents containing important information about ConocoPhillips, Concho and the Merger, once such documents are filed with the SEC, including the definitive joint proxy statement/prospectus if and when it becomes available, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by ConocoPhillips will be available free of charge on ConocoPhillips’ website at http://www.conocophillips.com or by contacting ConocoPhillips’ Investor Relations Department by email at This email address is being protected from spambots. You need JavaScript enabled to view it. or by phone at 281-293-5000. Copies of the documents filed with the SEC by Concho will be available free of charge on Concho’s investor relations website at https://ir.concho.com/investors/.
Participants in the Solicitation
ConocoPhillips, Concho and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies in respect of the Merger. Information about the directors and executive officers of ConocoPhillips, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in ConocoPhillips’ proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on March 30, 2020, and ConocoPhillips’ Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 18, 2020, as well as in Forms 8-K filed by ConocoPhillips with the SEC on May 20, 2020 and September 8, 2020, respectively. Information about the directors and executive officers of Concho, including a description of their direct or indirect interests, by security holdings or otherwise, is set forth in Concho’s proxy statement for its 2020 Annual Meeting of Stockholders, which was filed with the SEC on March 16, 2020, and Concho’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019, which was filed with the SEC on February 19, 2020. Investors may obtain additional information regarding the interests of those persons and other persons who may be deemed participants in the Merger by reading the preliminary joint proxy statement/prospectus, including any amendments thereto, as well as the definitive joint proxy statement/prospectus if and when it becomes available and other relevant materials to be filed with the SEC regarding the Merger when such materials become available. Investors should read the preliminary joint proxy statement/prospectus, and the definitive joint proxy statement/prospectus if and when it becomes available, carefully before making any voting or investment decisions. You may obtain free copies of these documents from ConocoPhillips or Concho using the sources indicated above.
John C. Roper (media)
281-293-1451
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Investor Relations
281-293-5000
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DUBLIN--(BUSINESS WIRE)--The "Oil, Gas, Shale and Refining Markets & Projects" report has been added to ResearchAndMarkets.com's offering.
This service is for you if you want to utilize detailed forecasting of markets, prospects and projects to fine tune your strategic and tactical plans and to place your efforts for the greatest impact on sales and margins.
Please note that this product is a 1 year Online-access subscription that begins at time of purchase.
For more information about this report visit https://www.researchandmarkets.com/r/j6751h
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Proceeds to Be Used to Improve Debt Metrics and Self-funding of Capital Program
SAN ANTONIO--(BUSINESS WIRE)--NuStar Energy L.P. (NYSE:NS) announced today that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale on November 2, 2020.
“While it was a difficult decision, this divestiture allows us to deploy the proceeds to further improve our debt metrics and self-fund a larger proportion of our capital program,” said Brad Barron, president and CEO of NuStar.
“And while the Texas City terminals are great assets with outstanding operations and employees, the location and unique configuration of these terminals were no longer synergistic with NuStar’s strategies for our other Gulf Coast assets,” Barron added. “For this reason, we determined that the best path forward for the continued success of these facilities and NuStar was to allow them to be acquired by an entity that can take advantage of the terminals’ niche petrochemical and petroleum capabilities. We are pleased that BWC Terminals has just such a business model.
"And the Texas City employees are now a part of a company with a business plan that is better aligned to take advantage of the terminals’ strengths. This should create more growth opportunities for the operations and provide employees with more resources to ensure their continued growth and success as well.”
“We are excited to finalize the acquisition of the Texas City NuStar Terminal,” said Michael (“Mike”) Suder, CEO of BWC Terminals. “This terminal complements our network of high-quality terminal storage of hydrocarbons, chemicals, renewables, and agricultural products across North America. The addition provides increased growth opportunities in the Gulf Coast Region to optimize and further develop our operational capabilities in support of the supply chain needs of our customers.”
Barclays served as exclusive financial adviser to NuStar on the transaction.
Cautionary Statement Regarding Forward-Looking Statements
This press release includes forward-looking statements regarding future events and expectations, including the expected use of proceeds and the other anticipated benefits from the sale of NuStar’s Texas City business. All forward-looking statements are based on NuStar’s beliefs as well as assumptions made by and information currently available to NuStar. These statements reflect NuStar’s current views with respect to future events and expectations and are subject to various risks, uncertainties and assumptions. These risks, uncertainties and assumptions are discussed in NuStar Energy L.P.’s 2019 annual report on Form 10-K and subsequent filings with the Securities and Exchange Commission. Actual results may differ materially from those described in the forward-looking statements. Except as required by law, NuStar does not intend, or undertake any obligation, to update or revise its forward-looking statements, whether as a result of new information, future events or otherwise.
About NuStar Energy L.P.
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.
About BWC Terminals
Headquartered in Houston, Texas, BWC Terminals is a premier provider of bulk liquid storage and logistics services to refiners, manufacturers and distributors of bulk liquids in North America. The Company consists of 18 sites with approximately thirteen million barrels of storage capacity. The BWC Terminals facilities are equipped to store a wide range of petroleum, chemical, renewables, and agricultural products. Additional information about BWC Terminals is available at www.bwcterminals.com.
NuStar Energy, L.P., San Antonio
Investors, Tim Delagarza, Manager, Investor Relations
Investor Relations: 210-918-INVR (4687)
or
Media, Mary Rose Brown, Executive Vice President and Chief Administrative Officer,
Corporate Communications: 210-918-2314
website: http://www.nustarenergy.com
BOSTON--(BUSINESS WIRE)--Iron Mountain Incorporated (NYSE: IRM), the storage and information management services company, today announced that it has signed a six megawatt data center pre-lease expansion with a U.S. based Fortune 100 customer in Phoenix, Arizona, at its AZP-2 data center. Iron Mountain announced the initial six megawatt deal with this customer in September 2020. The AZP-2 data center supports the growth demands, network proximity and scalable capacity needs of the customer. The lease is expected to commence in the third quarter of 2021.
Iron Mountain’s hyperscale-ready AZP-2 data center is part of a 40-acre, 3-data center, metro-connected campus within several miles of east downtown Phoenix. The facility, spanning more than 530,000 gross square feet, meets dedicated requirements of up to 48 megawatts of total IT capacity at full build out.
AZP-2 360 Virtual Tour movie file: https://www.youtube.com/watch?v=64nWakTX8kU
AZP-2 is connected to Iron Mountain's existing data centers - AZP-1 in Phoenix and AZS-1 in Scottsdale - that supports 47 megawatts and a robust network ecosystem.
Like all Iron Mountain data centers, AZP-2 is powered by 100% renewable energy and offers customers access to Green Power Pass. The Green Power pass enables data center users to reduce their reportable greenhouse gas emissions and meet their public green power and/or carbon reduction goals. Iron Mountain Data Centers also adhere to one the most comprehensive compliance programs in the industry including enterprise-wide certified ISO 14001 and 50001 environmental and energy management systems.
“We strive to support the growth and expansion needs of our strategic customers as well as our retail enterprise clients and this new deployment at our Phoenix data center campus validates that goal,” said Rick Crutchley, Vice President & General Manager, North America at Iron Mountain Data Centers. “We continue to see strong demand in the Phoenix market and are pleased that we are able to differentiate our solution offerings, including our compliance and sustainability certifications, which enable us to partner with prestigious global customers.”
Additional highlights of the Phoenix data center campus include:
Iron Mountain's global data center platform consists of 15 operational facilities across 13 markets and three continents. Including leasable capacity and land and buildings held for future development, Iron Mountain's data center platform can support more than 375 megawatts of IT capacity at full build-out. For more information on Iron Mountain Data Centers, visit https://www.ironmountain.com/digital-transformation/data-centers.
About Iron Mountain
Iron Mountain Incorporated (NYSE: IRM), founded in 1951, is the global leader for storage and information management services. Trusted by more than 225,000 organizations around the world, and with a real estate network of more than 90 million square feet across approximately 1,450 facilities in approximately 50 countries, Iron Mountain stores and protects billions of valued assets, including critical business information, highly sensitive data, and cultural and historical artifacts. Providing solutions that include secure records storage, information management, digital transformation, secure destruction, as well as data centers, cloud services and art storage and logistics, Iron Mountain helps customers lower cost and risk, comply with regulations, recover from disaster, and enable a more digital way of working. Visit www.ironmountain.com for more information.
Forward Looking Statements
Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995: This release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws and is subject to the safe-harbor created by such Act. Forward-looking statements include, but are not, limited to statements concerning the commencement of the lease and datacenter capacity at full buildout. When we use words such as "believes," "expects," "anticipates," "estimates" or similar expressions, we are making forward-looking statements. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations. Although we believe that our forward looking statements are based on reasonable assumptions, our expected results may not be achieved, and actual results may differ materially from our expectations.
These forward-looking statements are subject to various known and unknown risks, uncertainties and other factors. Important factors that could cause actual results to differ from expectations include (i) the impact of the COVID-19 outbreak on our business, operations and financial condition, (ii) our ability to remain qualified for taxation as a real estate investment trust for U.S. federal income tax purposes; (iii) the adoption of alternative technologies and shifts by our customers to storage of data through non-paper based technologies; (iv) changes in customer preferences and demand for our storage and information management services; (v) the cost and our ability to comply with laws, regulations and customer demands relating to data security and privacy issues, as well as fire and safety standards; (vi) our ability or inability to execute our strategic growth plan, expand internationally, complete acquisitions on satisfactory terms, and to integrate acquired companies efficiently; (vii) changes in the amount of our growth and recurring capital expenditures and our ability to raise capital and invest according to plan; (viii) the impact of litigation or disputes that may arise in connection with incidents in which we fail to protect our customers' information or our internal records or IT systems and the impact of such incidents on our reputation and ability to compete; (ix) our ability to execute on Project Summit and the potential impacts of Project Summit on our ability to retain and recruit employees and execute on our strategy (x) changes in the price for our storage and information management services relative to the cost of providing such storage and information management services; (xi) changes in the political and economic environments in the countries in which our international subsidiaries operate and changes in the global political climate; (xii) the impact of executing on our growth strategy through joint ventures; (xii) our ability to comply with our existing debt obligations and restrictions in our debt instruments or to obtain additional financing to meet our working capital needs; (xiv) the impact of service interruptions or equipment damage and the cost of power on our data center operations; (xv) changes in the cost of our debt; (xvi) the impact of alternative, more attractive investments on dividends; (xvii) the cost or potential liabilities associated with real estate necessary for our business; (xviii) the performance of business partners upon whom we depend for technical assistance or management expertise; (xix) other trends in competitive or economic conditions affecting our financial condition or results of operations not presently contemplated; and (xx) other risks described more fully in our filings with the Securities and Exchange Commission, including under the caption “Risk Factors” in our periodic reports or incorporated therein. You should not rely upon forward-looking statements except as statements of our present intentions and of our present expectations, which may or may not occur. Except as required by law, we undertake no obligation to release publicly the result of any revision to these forward-looking statements that may be made to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.
Investor Relations Contacts:
Greer Aviv
Senior Vice President, Investor Relations
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(617) 535-2887
Nathan McCurren
Director, Investor Relations
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(617) 535-2997
VERNAL, Utah--(BUSINESS WIRE)--Superior Drilling Products, Inc. (NYSE American: SDPI) (“SDP” or the “Company”), an innovator and manufacturer of drilling tool technologies, today announced that it has completed the sale-leaseback agreement for its facilities in Vernal, Utah, netting the Company $1.6 million of additional cash.
Under the terms of the transaction, which were previously announced on November 12, 2020, SDP sold its facilities for $4.5 million and simultaneously entered into a 15-year lease. After fees, the Company received approximately $4.2 million in net proceeds of which $2.6 million was used to repay its outstanding mortgages. Lease terms are for monthly payments that are $17 thousand less than current mortgage debt service.
About Superior Drilling Products, Inc.
Superior Drilling Products, Inc. is an innovative, cutting-edge drilling tool technology company providing cost saving solutions that drive production efficiencies for the oil and natural gas drilling industry. The Company designs, manufactures, repairs and sells drilling tools. SDP drilling solutions include the patented Drill-N-Ream® well bore conditioning tool and the patented Strider™ oscillation system technology. In addition, SDP is a manufacturer and refurbisher of PDC (polycrystalline diamond compact) drill bits for a leading oil field service company. SDP operates a state-of-the-art drill tool fabrication facility, where it manufactures its solutions for the drilling industry, as well as customers’ custom products. The Company’s strategy for growth is to leverage its expertise in drill tool technology and innovative, precision machining in order to broaden its product offerings and solutions for the oil and gas industry.
Additional information about the Company can be found at: www.sdpi.com.
Safe Harbor Regarding Forward Looking Statements
This news release contains forward-looking statements and information that are subject to a number of risks and uncertainties, many of which are beyond our control. All statements, other than statements of historical fact included in this release, including, without limitations, the continued impact of COVID-19 on the business, the Company’s strategy, future operations, success at developing future tools, the Company’s effectiveness at executing its business strategy and plans, financial position, estimated revenue and losses, projected costs, prospects, plans and objectives of management, and ability to outperform are forward-looking statements. The use of words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project”, “forecast,” “should” or “plan, and similar expressions are intended to identify forward-looking statements, although not all forward -looking statements contain such identifying words. These statements reflect the beliefs and expectations of the Company and are subject to risks and uncertainties that may cause actual results to differ materially. These risks and uncertainties include, among other factors, the duration of the COVID-19 pandemic and related impact on the oil and natural gas industry, the effectiveness of success at expansion in the Middle East, options available for market channels in North America, the deferral of the commercialization of the Strider technology, the success of the Company’s business strategy and prospects for growth; the market success of the Company’s specialized tools, effectiveness of its sales efforts, its cash flow and liquidity; financial projections and actual operating results; the amount, nature and timing of capital expenditures; the availability and terms of capital; competition and government regulations; and general economic conditions. These and other factors could adversely affect the outcome and financial effects of the Company’s plans and described herein. The Company undertakes no obligation to revise or update any forward-looking statements to reflect events or circumstances after the date hereof.
Deborah K. Pawlowski
Kei Advisors LLC
(716) 843-3908
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DUBLIN--(BUSINESS WIRE)--The "Global Edible Oil Market - Forecasts from 2020 to 2025" report has been added to ResearchAndMarkets.com's offering.
The global edible oil market is estimated to grow at a CAGR of 3.57% from a market value of USD96.878 billion in 2019 to attain a market value of USD119.571 billion by the end of 2025.
According to the OECD-FAO Agricultural Outlook 2019-2028 statistics, it is estimated that the per capita vegetable oil consumption is predicted to grow by 0.9% per annum. This is comparatively lower than the 2.0% per annum growth observed during the time period 2009-2018. Developing regions of the world are predicted to contribute to increasing the market growth for vegetable oil during the forecast period. In China, the consumption of vegetable oil is predicted to be around 30 kg per capita, and for Brazil, it is estimated to be around 24 kg per capita. For developing nations, the per capita consumption of vegetable oil is assumed to reach 27 kg with a growth rate of 0.4% per annum.
After China, India is the second-largest consumer and is ranked as the number one importer of vegetable oil at the international level. The country is projected to maintain the high per capita vegetable oil consumption with a growth rate of 3.1% per annum. It is further projected to achieve 15 kg per capita consumption by the end of 2028. The substantial growth is attributed to the expanding domestic production in the country and growth of imports specifically palm oil from Indonesia and Malaysia.
For the Least Developed Countries (LDCs), the per capita availability of edible oil is projected to surge by 1.2 per annum and is further estimated to attain 10 kg per capita in 2028. The utilization of vegetable oil for biodiesel production will however remain unchanged for the next ten years which was recorded as 8.5% per annum growth for the past 10 years when biofuel support policies were starting to apply.
The global production of vegetable oil is dependent on the crushing of oilseeds and the production of perennial tropical oil plants, particularly, palm oil. It is noticed that the global palm oil production has exceeded the production of other edible oils in the last ten years.
It is further projected that this production rate is going to decline over the forecast period. Maximum palm oil production is concentrated in Malaysia and Indonesia, together accounting for over one-third of the total vegetable oil production in the world. The production is projected to increase by 1.8% per annum over the forecast period in Indonesia, which is very less in comparison to 6.9% per annum in the last decade.
The slow growth is attributed to the surging strict environmental policies from the major importers of palm oil, in addition to the sustainable agricultural norms. Hence, with this, the expansion of the palm oil area is predicted to be slowed down in Malaysia and Indonesia. It is further analyzed that in order to enhance the growth of palm oil production, certain productivity improvements are required, which include the escalation of replanting activities in these regions.
In the other regions of the world, palm oil production is projected to grow at a fast pace from a lower base mainly for utilization in the local and regional markets. For instance, in Thailand the palm oil production is assumed to be around 2.9 Mt by the end 2028, in Colombia, the production is expected to reach 2.0 Mt by the end of 2028, and in Nigeria, the production is projected to achieve a size of 1.2 Mt. by 2028. At the international level, the palm oil supply is estimated to grow at an annual growth rate of 1.8% over the time period 2019-2028 (source: OECD-FAO).
Due to the current novel coronavirus infection outbreak, the edible oil refineries have experienced a downfall in their operating capacity to around 50%. This is mainly attributed to the deficiency of raw materials along with delays in the import clearance. The decrease in the operating capacity is also related to the lockdown measures that resulted in the delayed harvesting of certain oilseeds, for instance, mustard seeds in India.
However, with due precautions and in order to satiate the essential need of edible oil for cooking purposes in households, manufacturing units are operating with around 40-50% of their installed capacity at present.
Key Topics Covered:
1. Introduction
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
2.2. Assumptions
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Market Opportunities
4.4. Porters Five Forces Analysis
4.5. Industry Value Chain Analysis
5. Global Edible oil Market Analysis, by Product Type
5.1. Introduction
5.2. Coconut Oil
5.3. Sunflower Oil
5.4. Soybean Oil
5.5. Groundnut Oil
5.6. Mustard Oil
5.7. Others
6. Global Edible oil Market Analysis, by End-User
6.1. Introduction
6.2. Household
6.3. Commercial
6.4. Industrial
7. Global Edible oil Market Analysis, by Distribution Channel
7.1. Introduction
7.2. Online
7.3. Offline
8. Global Edible oil Market Analysis, by Geography
9. Competitive Environment and Analysis
9.1. Major Players and Strategy Analysis
9.2. Emerging Players and Market Lucrativeness
9.3. Mergers, Acquisitions, Agreements, and Collaborations
9.4. Vendor Competitiveness Matrix
10. Company Profiles
10.1. Archer-Daniels-Midland Company
10.2. Adani Group
10.3. Cargill, Incorporated
10.4. Paras Group
10.5. Ngo Chew Hong Edible Oil Pte Ltd
10.6. ACH Food Companies, Inc.
10.7. Bunge
For more information about this report visit https://www.researchandmarkets.com/r/3sxpe0
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AUSTIN, Texas--(BUSINESS WIRE)--USA Compression Partners, LP (NYSE: USAC) (“USA Compression”) today announced that its senior management will participate in the 2020 Wells Fargo Virtual Midstream and Utility Symposium. Senior management expects to participate in a series of virtual meetings with members of the investment community on December 9, and presentation materials used during these meetings will be posted to USA Compression’s website prior to the investor meetings. Please visit the Investor Relations section of the website at usacompression.com under “Presentations.”
About USA Compression Partners, LP
USA Compression Partners, LP is a growth-oriented Delaware limited partnership that is one of the nation’s largest independent providers of natural gas compression services in terms of total compression fleet horsepower. USA Compression partners with a broad customer base composed of producers, processors, gatherers and transporters of natural gas and crude oil. USA Compression focuses on providing natural gas compression services to infrastructure applications primarily in high-volume gathering systems, processing facilities and transportation applications. More information is available at usacompression.com.
USA Compression Partners, LP
Matthew Liuzzi, CFO
(512) 369-1624
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Sends Letter to ExxonMobil Board Outlining Need for Directors with Diversified Energy Experience, Greater Capital Allocation Discipline, Strategic Plan for Sustainable Value Creation, and Better Shareholder-Aligned Management Incentives
Believes Oil & Gas Industry is in Transition and ExxonMobil Must Evolve to Protect and Enhance Long-Term Value for Shareholders
SAN FRANCISCO--(BUSINESS WIRE)--Engine No. 1, a new investment firm that seeks to enhance long-term value through active ownership, today announced its intention to nominate four highly qualified, independent director candidates to the Exxon Mobil Corporation (NYSE: XOM) (“ExxonMobil” or the “Company”) Board of Directors (the “Board”) in connection with the 2021 Annual Meeting of Shareholders.
The California State Teachers’ Retirement System (“CalSTRS”), the nation’s second largest pension fund and owner of over $300 million in value of the Company’s stock, today is announcing its support for Engine No. 1’s director candidates.
In a letter sent today to the Board, Engine No. 1 outlined the case for much-needed change at ExxonMobil and a proposed path forward to protect and enhance long-term value for the Company’s shareholders.
Engine No. 1’s plan to reenergize ExxonMobil includes:
In its letter, Engine No. 1 stated, “We believe that for ExxonMobil to avoid the fate of other once-iconic American companies, it must better position itself for long-term, sustainable value creation. Doing so will not be easy and will require a board with a diversified level of insight into the evolving trends, technologies, markets, and policies shaping the future of the industry, yet none of ExxonMobil’s independent directors have any other energy industry experience. This is not a criticism of any director, each of whom is highly accomplished and respected, including by us. It is instead an acknowledgement of the unique challenges facing ExxonMobil and the industry.”
Christopher Ailman, Chief Investment Officer of CalSTRS, stated, “It is time to demand change at ExxonMobil. CalSTRS’ stewardship activities date back over 30 years and reflect our focus on influencing long-term value creation. We intend to use our vote as an active shareholder to support Engine No. 1’s slate of directors because a change at the top is necessary to reposition this Company to be successful for the long-term.”
Engine No. 1’s Director Candidates include:
The full text of the letter is available here.
Additional information regarding Engine No. 1’s plan to reenergize ExxonMobil may be found at www.ReenergizeXOM.com.
About Engine No. 1
Engine No. 1 is an investment firm purpose-built to create long-term value by driving positive impact through active ownership. For more information, please visit: www.Engine1.com.
Important Information
Engine No. 1 LLC, Engine No. 1 LP, Christopher James, Charles Penner (collectively, “Engine”), Gregory J. Goff, Kaisa Hietala, Alexander Karsner, and Anders Runevad (collectively and together with Engine, the “Participants”) intend to file with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement and accompanying form of WHITE proxy to be used in connection with the solicitation of proxies from the shareholders of Exxon Mobil Corporation (the “Company”). All shareholders of the Company are advised to read the definitive proxy statement and other documents related to the solicitation of proxies by the Participants when they become available, as they will contain important information, including additional information related to the Participants. The definitive proxy statement and an accompanying WHITE proxy card will be furnished to some or all of the Company’s shareholders and will be, along with other relevant documents, available at no charge on the SEC website at http://www.sec.gov/.
Information about the Participants and a description of their direct or indirect interests by security holdings will be contained in a Schedule 14A filed by the Participants with the SEC. This document will be available free of charge from the source indicated above. For information about CalSTRS and its interests in the Company, the Participants refer stockholders to CalSTRS and its public filings on the SEC website at http://www.sec.gov.
Disclaimer
This material does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described herein in any state to any person. In addition, the discussions and opinions in this press release and the material contained herein are for general information only, and are not intended to provide investment advice. All statements contained in this press release that are not clearly historical in nature or that necessarily depend on future events are “forward-looking statements,” which are not guarantees of future performance or results, and the words “anticipate,” “believe,” “expect,” “potential,” “could,” “opportunity,” “estimate,” and similar expressions are generally intended to identify forward-looking statements. The projected results and statements contained in this press release and the material contained herein that are not historical facts are based on current expectations, speak only as of the date of this press release and involve risks that may cause the actual results to be materially different. Certain information included in this material is based on data obtained from sources considered to be reliable. No representation is made with respect to the accuracy or completeness of such data, and any analyses provided to assist the recipient of this material in evaluating the matters described herein may be based on subjective assessments and assumptions and may use one among alternative methodologies that produce different results. Accordingly, any analyses should also not be viewed as factual and also should not be relied upon as an accurate prediction of future results. All figures are unaudited estimates and subject to revision without notice. Engine disclaims any obligation to update the information herein and reserves the right to change any of its opinions expressed herein at any time as it deems appropriate. Past performance is not indicative of future results. Engine has neither sought nor obtained the consent from any third party to use any statements or information contained herein that have been obtained or derived from statements made or published by such third parties. Except as otherwise expressly stated herein, any such statements or information should not be viewed as indicating the support of such third parties for the views expressed herein.
Media Contacts
Gasthalter & Co.
Jonathan Gasthalter/Amanda Klein
212-257-4170
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Investor Contacts:
Innisfree M&A Incorporated
Scott Winter/Gabrielle Wolf
212-750-5833
BOSTON--(BUSINESS WIRE)--#learning--IHRDC recently delivered two major virtual learning programs for the Nigerian National Petroleum Corporation (NNPC) – a two-week program for 400 Management Graduate Trainees and an eight-week program for 650 Technical Graduate Trainees.
The need was stated by Fatima Suraj Yakubu, NNPC’s General Manager Talent, “We have 1,050 recent graduates, isolated at home because of Covid.19, who need to develop strong backgrounds in job-related oil and gas industry topics. We asked IHRDC, with its broad learning resources and strong background in virtual learning, to join us in the challenge and, together, we satisfied every aspect of our needs and translated NNPC’s vision for Young Graduate Development to reality.”
All 1,050 attended the first two-week program together. It was devoted to the commercial and technical fundamentals of the oil and gas value chain, both upstream and downstream, and an NNPC-selected set of soft skills.
Blended forms of learning were used to maintain a high level of interest during the six-hour daily sessions. They included lectures and discussion sessions by experienced specialists, team-based assignments in the Sandland Petroleum Simulation and the development of a Petroleum Industry Board Game for Nigeria. All content was delivered through the IHRDC Learning Portal.
The IHRDC team of faculty and mentors presented the content along with NNPC HR and IT specialists who maintained flawless communications with all Trainees using Microsoft Teams collaboration platform for individual and the team sessions. The 105 teams were divided into five groups each with their own dedicated mentors to answer questions and support the teams as they analyzed and solved their Petroleum Project Simulation and Board Game assignments.
The participants were highly impressed with design and delivery of the program using statements like “Impactful and insightful journey”, “thrilling”, “superb”, “excellent”, and “essential” in the post-program survey. One of the hundreds of comments included “This training was an eye opener from the board games to the simulation to the lectures. Simply excellent!”
The initial two-week program was followed by a six-week, virtual program for the 650 NNPC Technical Graduate Trainees. It was designed around an extensive list of topics identified by NNPC devoted to in-depth technical fundamentals and applications along the oil and gas value chain.
The blended learning format for these sessions was designed to be engaging and incorporate individual and team activities and presentations. It included two lecture and discussion sessions per day, case studies, e-Learning, on-point readings, and, of greatest value, unique team-based assignments that IHRDC specialists developed for each topic and for which the teams prepared and delivered presentations.
Participant responses to this program were also very strong. The first response received and shown below was typical:
“This program is the perfect springboard for a successful career in the oil and gas industry. The lectures, team assignments and discussion were perfectly tailored to stimulate the creative thinking of participants. Quality of lectures as well as tutors is nothing short of outstanding.”
On the last day of the program, Dr. David Donohue, President of IHRDC, was heard to say “There are days when you simply want to shout as loud as you can for joy! That happened to me today. This program, in all its aspects, has been revolutionary in scope, format, delivery and effectiveness. It was innovative and engaging with so many people working together to learn as much as they could to prepare themselves for challenging careers ahead!”
About IHRDC:
International Human Resources Development Corporation (www.ihrdc.com) has been a global leader in training and competency management for the oil and gas industry for more than 50 years. It offers the best Instructional Programs, e-Learning and Knowledge Solutions, and Competency Management products and services available to the industry today. The company is headquartered in Boston, USA with offices in Houston, London, Amsterdam, Abu Dhabi, Kuala Lumpur, and Lagos.
Kathleen McDonnell, IHRDC This email address is being protected from spambots. You need JavaScript enabled to view it.
WARRENVILLE, Ill.--(BUSINESS WIRE)--Fuel Tech, Inc. (NASDAQ: FTEK) (or “the Company”), a technology company providing advanced engineering solutions for the optimization of combustion systems, emissions control and water treatment in utility and industrial applications, today announced that it received a letter from the Listing Qualifications Department of the NASDAQ Stock Market (“NASDAQ”) notifying the Company that it has regained compliance with the NASDAQ Capital Market's minimum bid price continued listing requirement set forth in Rule 5450(a)(1). Accordingly, NASDAQ considers this matter closed.
About Fuel Tech
Fuel Tech develops and commercializes state-of-the-art proprietary technologies for air pollution control, process optimization, water treatment, and advanced engineering services. These technologies enable customers to operate in a cost-effective and environmentally sustainable manner. Fuel Tech is a leader in nitrogen oxide (NOx) reduction and particulate control technologies and its solutions have been in installed on over 1,200 utility, industrial and municipal units worldwide. The Company’s FUEL CHEM® technology improves the efficiency, reliability, fuel flexibility, boiler heat rate, and environmental status of combustion units by controlling slagging, fouling, corrosion and opacity. Water treatment technologies include DGI™ Dissolved Gas Infusion Systems which utilize a patented nozzle to deliver supersaturated oxygen solutions and other gas-water combinations to target process applications or environmental issues. This infusion process has a variety of applications in the water and wastewater industries, including remediation, aeration, biological treatment and wastewater odor management. Many of Fuel Tech’s products and services rely heavily on the Company’s exceptional Computational Fluid Dynamics modeling capabilities, which are enhanced by internally developed, high-end visualization software. For more information, visit Fuel Tech’s web site at www.ftek.com.
NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains “forward-looking statements” as defined in Section 21E of the Securities Exchange Act of 1934, as amended, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and reflect Fuel Tech’s current expectations regarding future growth, results of operations, cash flows, performance and business prospects, and opportunities, as well as assumptions made by, and information currently available to, our management. Fuel Tech has tried to identify forward-looking statements by using words such as “anticipate,” “believe,” “plan,” “expect,” “estimate,” “intend,” “will,” and similar expressions, but these words are not the exclusive means of identifying forward-looking statements. These statements are based on information currently available to Fuel Tech and are subject to various risks, uncertainties, and other factors, including, but not limited to, those discussed in Fuel Tech’s Annual Report on Form 10-K in Item 1A under the caption “Risk Factors,” and subsequent filings under the Securities Exchange Act of 1934, as amended, which could cause Fuel Tech’s actual growth, results of operations, financial condition, cash flows, performance and business prospects and opportunities to differ materially from those expressed in, or implied by, these statements. Fuel Tech undertakes no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances or for any other reason. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including those detailed in Fuel Tech’s filings with the Securities and Exchange Commission.
Vince Arnone
President and CEO
(630) 845-4500
Devin Sullivan
Senior Vice President
The Equity Group Inc.
(212) 836-9608
LONDON--(BUSINESS WIRE)--#apac--The new Crude Oil market research report from SpendEdge indicates an incremental growth during the forecast period as the business impact of COVID-19 spreads.
As the markets recover SpendEdge expects the Crude Oil market size to grow by USD 193.18 billion during the period 2020-2024.
Get detailed insights on the COVID-19 pandemic crisis and recovery analysis of the Crude Oil market. Download free report sample
Crude Oil Market Analysis
Analysis of the cost and volume drivers and supply market forecasts in various regions are offered in this Crude Oil research report. This market intelligence report also analyzes the top supply markets and the critical cost drivers that can aid buyers and suppliers devise a cost-effective category management strategy.
Insights Delivered into the Crude Oil Market
This market intelligence report on Crude Oil answers to all the critical problems faced by investors who seek cost-saving opportunities in a competitive market. It also offers actionable anecdotes on the industry structure and supply market forecasts including highlights of the top vendors in this market. Our procurement experts have determined effective category pricing strategies that are attuned to the dynamics of this market which can be leveraged to maximize revenue generation against minimum investments on the products.
Information on Latest Trends and Supply Chain Market Information Knowledge center on COVID-19 impact assessment
The reports help buyers understand:
This Crude Oil Market procurement research report offers coverage of:
For more information on the exact spend growth rate and yearly category spend, download a free sample.
This market intelligence report identifies the major costs incurred by suppliers and provides additional information on:
Click here to learn about report detailed analysis and insights on how you can leverage them to grow your business.
Notes:
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Table of Content
About SpendEdge:
SpendEdge shares your passion for driving sourcing and procurement excellence. We are the preferred procurement market intelligence partner for 120+ Fortune 500 firms and other leading companies across numerous industries. Our strength lies in delivering robust, real-time procurement market intelligence reports and solutions. To know more https://www.spendedge.com/request-for-demo
SpendEdge
Anirban Choudhury
Marketing Manager
US: +1 630 984 7340
UK: +44 148 459 9299
https://www.spendedge.com/contact-us
CALGARY, Alberta--(BUSINESS WIRE)--GLJ is pleased to announce the release of GLJ IntelliCasts™, a subscription product that offers rapid insight into oil and gas asset valuation. Powered by a mix of machine learning, modern decline analytics and five decades of play knowledge, this is indispensable well-level insight for producers, debt & equity stakeholders and mid-streamers alike. With ongoing industry consolidation, GLJ IntelliCasts™ gives subscribers an edge in benchmarking, validating and assessing opportunities.
“The high-quality nature of this data arms our partners with the insight they need to make better business decisions faster”, remarks Jodi Anhorn, M.Sc., P.Eng., President and Chief Executive Officer of GLJ. “GLJ IntelliCasts™ is an exciting digital addition to our evolving offering of products and services, one that meaningfully moves the dial for industry towards trusted automation of forecasts with uncertainty handled reliably.”
GLJ IntelliCasts™ ready-to-use forecasts are rooted in reservoir engineering fundamentals and elevated by GLJ’s comprehensive play knowledge. Alongside forecasts for wellhead products, IntelliCasts offers forecasts for natural gas liquids (NGLs) and compensates for underreported field liquids. This allows subscribers to take their evaluation level from superficial to detailed with massive time savings. Akin to having a hyper-powered engineer in your pocket, GLJ IntelliCasts™ helps clients compensate for mounting industry pressures.
This Canadian module of GLJ IntelliCasts™ includes coverage of the Western Canadian Sedimentary Basin. For more information about GLJ and this product, including future modules for the United States and Latin America, please visit https://www.gljpc.com/glj-intellicasts.
About GLJ
GLJ Ltd. is a leading energy consulting firm. With comprehensive industry expertise and a client-focused philosophy, GLJ provides technical excellence to a global client base. The company’s long-term record of success comes from an experienced team of professionals who have an absolute commitment to delivering high-quality results for their clients. For more information, visit https://www.gljpc.com/
Trevor Rix
P.Eng., Manager, Digital Innovation
This email address is being protected from spambots. You need JavaScript enabled to view it.
403-266-9558
COPENHAGEN--(BUSINESS WIRE)--The new Nordic Harvest vertical farm stands 14-stories high in a 7000 sq. meter facility at Copenhagen Markets, on the outskirts of Denmark’s capital. It will be Europe’s largest and most efficient indoor vertical farm, featuring YesHealth Group proprietary technologies, robotics, hydroponics, arrays of more than 20,000 LEDs, and smart software for processing over 5000 individual data points, all integrated with Nordic Harvest’s design of process flow and packaging.
Working in partnership, YesHealth Group and Nordic Harvest A/S began constructing the vertical farm in April this year, and the first phase of construction was completed after just six months. Production will begin in the first quarter of 2021 and profits are projected within the first year, making this vertical farm a model of feasibility for the industry at large. The financial projections are based on a scale-up model, which will see the vertical farm expand from an initial 200-tonne annual capacity to a massive 1000-tonne annual capacity during the fourth quarter of 2021.
Chairman of YesHealth Group, Tsai Wen-Chin affirms, “Adding to our technology that we’ve developed in-house over the past decade, YesHealth Group will now be able to harness real-world data from Denmark with its unique climate and environment, and improve our technology at an even greater speed and efficiency.”
CCO of YesHealth Group, Jesper Hansen reaffirms, “This is a crucial step of our expansion into Europe, and is in-line with our global expansion plan, which we have carefully mapped out for the coming years. YesHealth Group has industry leading technology and operational know-how, and we’re selecting more regional partners with local market expertise like Nordic Harvest.”
“Our team has worked tirelessly over the past eight months to bring this Copenhagen vertical farm into reality,” says Stella Tsai, Project Manager of YesHealth Group. “It’s a valuable experience that we’ll take forward into future projects.”
According to Kevin Lin, Director of Business Development at YesHealth Group, “This event represents a crucial milestone in our international expansion and our first step towards constructing more vertical farms across Europe, Asia, and the MENA region.”
Photography and video: YesHealth Group 2020 Press Kit
Media:
Daniel Cunningham
+886 2 2311 7007
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NEWPORT BEACH, Calif.--(BUSINESS WIRE)--Bahia Corinthian Yacht Club (BCYC) is pleased to announce that its membership and Board of Directors have chosen long-time member and current Vice Commodore, Rhonda Tolar, as their 2021 Commodore.
Tolar’s upcoming tenure continues a unique, perhaps unprecedented time at BCYC, and other Southern California yacht clubs (and beyond) when it comes to traditional yacht club leadership. Tolar will be the sixth female Commodore in BCYC’s 62-year history.
An active member of BCYC since 1999, in her new role, Commodore Tolar will act as the chief executive officer of the Club (on both land and water) subject to the control of the Board of Directors, and will be responsible for the overall general supervision, direction and control of the business and Officers of the Club.
“Preserving and enhancing BCYC’s mission and purpose is my top priority,” says Tolar. “We are like a family here, and I will strive to make decisions that reinforce BCYC’s long-standing reputation as the ‘friendliest club on the bay.’”
“I am greatly honored by the vote of confidence our membership and its Directors has extended, and thanks to the great leadership of outgoing Commodore Ginny Lombardi, the transition of power is moving forward smoothly and inclusively.”
Tolar emphasized, “Our goal in 2021 is to vigilantly continue all safety measures while providing a continuum for our members and their guests of providing the best possible experience a private yacht club can impart.”
2020 Commodore Ginny Lombardi commented, “Women concurrently holding the top leadership positions is a groundbreaking milestone in BCYC’s history. As such, I cannot think of a better leader and role model to take the helm in 2021 than Rhonda. I will cherish my time as Commodore during quite a memorable year, and I salute our members and staff for their support despite the difficulties!”
“Rhonda and I worked closely during the Covid-19 pandemic, we were able to identify new opportunities and paradigm shifts for the better. While there have been challenges, there is much for us to look forward to as we begin to return to normal.”
With an impressive background in both business as well as yachting, Commodore Tolar has already made a significant impact on BCYC’s sailing and social programming for both members, guests and visiting sailors.
Among her outstanding club accomplishments, one she is particularly proud of began in 2009 when she and Sail Fleet Captain Paul DeCapua established the official BCYC Taco Tuesday Racing Series. She has chaired the event for the last 12 years which also includes a fun after-race fiesta. The race attracts 15+ PHRF-rated vessels and 20+ Harbor 20’s.
In 2018, she also founded the Wild Sailing Regatta that includes three offshore races per year.
While she grew up on the water in a power-boating family, in 2007 Commodore Tolar began sailing, fell in love with the sport and has owned a series of winning sailing vessels. She and her crew have raced her Far 30, and Far 40 in competitions up and down the coast, from San Francisco to Ensenada. In 2014, she won First in Class during the Newport-to-Ensenada (N2E) race in her Jeaneau 57’ “Wild Thing III”, as well as Best First Time Entry and Best Music in the Newport Beach Christmas Boat Parade.
As a businesswoman, Tolar was the co-founder/co-owner of Discount Dance Supply, which she sold after 40 years as a leader in the dancewear industry. She has been named by the Orange County Business Journal as both “Entrepreneur of the Year” and “Businesswoman of the Year.” Now retired, Tolar has two grown children, Natalie and Allen, and resides in Corona del Mar.
For more information, please visit www.bcyc.org.
Media Note: High resolution images and logos can be found at www.bcyc.org.
ABOUT BAHIA CORINTHIAN YACHT CLUB
Bahia Corinthian Yacht Club was founded in 1958, celebrating its 60th Anniversary in 2018. Member-owned and known as the ‘friendliest club on the bay”, BCYC offers a family-friendly atmosphere where power or sailboat owners share a first-class facility offering comfortable amenities and a well-rounded calendar of events.
The Club was named Club of the Year by the Southern California Yachting Association in 2011, 2008, 2005, 2003, 1996, 1995 and 1994. BCYC offers fine dining, social activities, cruising events and a Junior Sailing program year-round. Additional amenities include a heated pool and indoor boat storage. The club also boasts 64 slips and guest docks in their privately owned marina. BCYC members enjoy worldwide yacht club privileges, with reciprocity in yacht clubs around the world. www.bcyc.org
Bill Long
This email address is being protected from spambots. You need JavaScript enabled to view it.
(949) 683-4990
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Capital One Securities 15th Annual Energy Conference. The conference is being held virtually on December 7th.
The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
Report Highlights Twenty Years of Ameresco’s ESG Achievements, Including a Cumulative Carbon Offset Equivalent to Over 50 Million Metric Tons of Carbon Dioxide
FRAMINGHAM, Mass.--(BUSINESS WIRE)--#carbonreduction--Ameresco, Inc., (NYSE: AMRC), a leading energy efficiency and renewable energy company, today released its first Environmental, Social and Corporate Governance (ESG) report for 2020. The report centers on the theme of “Doing Well by Doing Good,” which reflects Ameresco’s mission of delivering energy efficient and renewable solutions that enable a low carbon future. The report is a reflection of Ameresco’s progress in the ESG focus areas from the company’s inception, while also addressing many of its goals for the future.
Ameresco’s ESG Committee, which includes employee representatives across various functions, geographies and contributions, was established in 2020 to spearhead efforts to communicate the many ways ESG is intertwined in the company’s operations. By sharing an annual ESG report, Ameresco hopes to maintain accountability through evaluation of company initiatives and performance metrics, as well as identification of new lanes to improve long-term sustainability.
“It is widely understood that companies today must be aware of and transparent about their contributions to environmental and social improvement. As a leading integrator of energy efficiency, health, safety, resiliency and renewable energy technologies, this comes naturally to Ameresco,” said Doran Hole, executive chair of Ameresco’s ESG committee and chief financial officer. “This ESG report gives us the opportunity to illustrate 20 years of positive impact on the communities where we operate. Future generations are relying on Ameresco and our clients to continue to make strides in ESG, and we are more excited than ever about the work we have ahead of us.”
The report reflects Ameresco’s practices as it pertains to business and operations, employee engagement, health and safety and corporate responsibility. It highlights the company’s ESG activity from 2000 to present day, and outlines goal statements in strategic ESG focus areas. The ESG report also emphasizes Ameresco’s existing public advocacy, environmental, philanthropic, diversity and inclusion, health and safety and cyber security efforts.
In pursuit of energizing a sustainable world, Ameresco is proud that, in 2019, their renewable energy assets and customer projects delivered a carbon offset equivalent to approximately 11.2 million metric tons of carbon dioxide. Since going public on the NYSE in 2010, Ameresco has contributed to a cumulative carbon offset equivalent to over 50 million metric tons of carbon dioxide.
To view the 2020 Ameresco ESG report, visit http://www.ameresco.com/esg.
About Ameresco, Inc.
Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading independent provider of comprehensive services, energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions for businesses and organizations throughout North America and Europe. Ameresco’s sustainability services include upgrades to a facility’s energy infrastructure and the development, construction and operation of renewable energy plants. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.
Media:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.
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