VANCOUVER, British Columbia--(BUSINESS WIRE)--#climatechange--A report by the Clear Seas Centre for Responsible Marine Shipping (Clear Seas) provides an overview of the threat climate change poses to Canada’s maritime environment. While many studies address the mitigation of the effects of climate change, the study on Climate Change Vulnerability of the Canadian Maritime Environment goes further and identifies a range of strategies to help adapt to the challenge of the climate crisis.
The report provides a series of tools and frameworks designed to help identify climate change hazards and threats, and acts as an important resource for the people and organizations that rely on Canada’s oceans and waterways to thrive and survive. The study also presents real-world perspectives and maps out practical adaptation strategies to manage the effects of a changing climate. Read the report: https://bit.ly/3xkdT1T
The findings in this report will inform Canada’s National Adaptation Strategy and support pro-active decision-making and planning efforts for safe and sustainable waterways undertaken by the Canadian Coast Guard and other governmental departments, port authorities, industry stakeholders, Indigenous and coastal communities, and others.
“Climate change has very real consequences for mariners, fishers, workers in the tourism industry and many others,” says Paul Blomerus, Executive Director, Clear Seas.
Indigenous Peoples are facing similar challenges because they look to the ocean for their food and livelihood and a deep connection to the natural environment is an integral part of their culture. “The Traditional Knowledge held by Indigenous Peoples also presents valuable potential solutions to understand and adapt to the changing climate,” Blomerus says.
This study provides context to help understand the extent of the challenges climate change poses to the Canadian maritime environment as well as to the organizations responsible for delivering maritime services. By identifying key threats and adaptation strategies, this analysis allows for the development of effective risk mitigation plans, as well as for informed decisions and investments in relation to climate change. This will help ensure the sustainability and safety of marine trade and other maritime activities in Canadian waters and beyond.
The study reviewed:
Presentation of study
Clear Seas will host a webinar on the report, June 28 at 10:00 AM (PDT)/1:00 PM (EDT)/2:00 PM (ADT)/2:30 PM (NDT). Register here: https://bit.ly/3trsoQh
About Clear Seas
Clear Seas is a Canadian not-for-profit and independent research centre that provides impartial information on marine shipping to policy makers and the public. The organization’s research agenda is defined internally in response to current issues, reviewed by a research advisory committee, and approved by a board of directors. All publications are at clearseas.org.
Media:
Edward Downing
Director of Communications
(778) 730-1359 or cell (604) 817-3058
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today released the following statement in response to a letter from President Biden.
We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in the U.S. of more than $50 billion over the past five years, resulting in an almost 50% increase in our U.S. production of oil during this period.
Globally, we’ve invested double what we’ve earned over the past five years -- $118 billion on new oil and gas supplies compared to net income of $55 billion. This is a reflection of the company’s long-term growth strategy, and our commitment to continuously invest to meet society’s demand for our products.
Specific to refining capacity in the U.S., we’ve been investing through the downturn to increase refining capacity to process U.S. light crude by about 250,000 barrels per day – the equivalent of adding a new medium-sized refinery. We kept investing even during the pandemic, when we lost more than $20 billion and had to borrow more than $30 billion to maintain investment to increase capacity to be ready for post-pandemic demand.
In the short term, the U.S. government could enact measures often used in emergencies following hurricanes or other supply disruptions -- such as waivers of Jones Act provisions and some fuel specifications to increase supplies. Longer term, government can promote investment through clear and consistent policy that supports U.S. resource development, such as regular and predictable lease sales, as well as streamlined regulatory approval and support for infrastructure such as pipelines.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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Company Website: CreekRoadMiners.com
PARK CITY, Utah--(BUSINESS WIRE)--Creek Road Miners, Inc. (OTCQB:CRKR) (“Creek Road Miners,” or, “Company”) is pleased to announce that its first production facility in Meeker, Colorado is now fully operational. This facility houses 240 Bitmain Antminers capable of generating approximately 24 petahashes per second (PH/s) of mining capacity at a cost of approximately $.0455/kWh for electricity.
With the successful deployment of the Meeker facility, Creek Road Miners has decided to deploy its second facility in Rangely, Colorado. Rangely will operate on the same economic terms as Meeker but will house 270 Bitmain Antminers generating approximately 27 PH/s of mining capacity.
“With the deployment of this second facility, Creek Road Miners will more than double its current hashing power,” commented John D. Maatta, the Company’s Co-CEO, adding, “We’re now laser-focused deploying our next data centers.”
About Creek Road Miners, Inc. (OTCQB: CRKR)
Creek Road Miners, Inc. (www.CreekRoadMiners.com) is a cryptocurrency mining company that leverages mobile power generation units and mining facilities in a manner that overcomes otherwise existing economic barriers. The Creek Road Miners model utilizes the abundance of stranded natural gas in a manner that provides its operations with a desirably priced energy source while benefiting energy operators, the consumer, and environmental considerations.
Forward-Looking Statements:
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
Investor Relations and Media:
Scott A. Sheikh
Creek Road Miners, Inc.
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200-Megawatt Solar Facility Brings Significant Benefits to Frio County and Provides Emission-free Energy to Verizon
DALLAS--(BUSINESS WIRE)--Leeward Renewable Energy (“LRE” or “Company”) today announced the beginning of construction of the 200-megawatt (MW) Horizon Solar project near the city of Pearsall in Frio County, Texas. A groundbreaking ceremony was held earlier today.
The project will create approximately 400 construction jobs, and the Company is committed to hiring local qualified workers. In addition to job creation, Horizon Solar will provide numerous benefits to the local community, including significant economic investment, approximately $30 million in tax payments for the County and schools, and 500,000 MWh annually of emission-free renewable energy. The project is expected to reach commercial operation by the fourth quarter of 2023.
“We are pleased to begin construction at our Horizon Solar project,” said Omar Aboudaher, LRE’s vice president, development. “Today marks another important milestone in the development of the 200-MW Texas solar facility, bringing LRE one step closer to providing clean, renewable energy. We thank the community and officials of Frio County for their support and look forward to a long-term partnership.”
“The Horizon Solar project represents meaningful progress for Frio County,” said Hon. Arnulfo C. Luna, Frio County Judge. “The economic impact to our County and schools will make a real difference to our community. We’re proud and excited to welcome Horizon Solar to our community.”
LRE previously announced four 15-year Renewable Energy Purchase Agreements with Verizon Communications Inc. (“Verizon”), through which Verizon will purchase the energy generated at Horizon Solar, in addition to energy generated by three other LRE projects. Horizon Solar will also provide reliable, renewable energy, and offset the equivalent emissions of more than 40,000 average Texas households. The project will include solar components from leading American-based companies, including solar modules from First Solar and smart solar tracker solutions from NexTracker.
“At Verizon, we are committed to reducing our impact on the planet through proven sustainable and socially responsible strategies and programs,” said James Gowen, Verizon's chief sustainability officer and senior vice president, global supply chain. “The latest development in our work with LRE helps build a greener U.S. energy grid, and the Horizon Solar project facility is another key component on our way to achieving net zero emissions in our direct operations by 2035.”
Once completed later next year, Horizon Solar will be LRE’s second operational solar project in Texas where the company is currently operating the 30-MW Barilla Solar project. In total, LRE will have over 1,200 MW of contracted solar projects in operation by end of 2023 and has approximately 16 gigawatts of solar projects in development and construction. The company is well-positioned to grow its renewable energy platform at an accelerating pace, prioritizing safety and responsible development.
About Leeward Renewable Energy, LLC
Leeward Renewable Energy is a leading renewable energy company that owns and operates a portfolio of 22 renewable energy facilities across nine states totaling approximately 2,000 megawatts of generating capacity. LRE is actively developing and contracting new wind, solar, and energy storage projects in energy markets across the U.S., with 1.9 gigawatts contracted and 20 gigawatts under development and construction spanning over 100 projects. LRE is a portfolio company of OMERS Infrastructure, an investment arm of OMERS, one of Canada’s largest defined benefit pension plans with C$121 billion in net assets (as at December 31, 2021). For more information, visit www.leewardenergy.com.
Kelly Kimberly
713.822.7538
Liz James
281.881.5170
Sard Verbinnen & Co.
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PARIS--(BUSINESS WIRE)--The strategic collaboration between Equinor as a leading floating offshore wind developer and Technip Energies (PARIS: TE) as a complete offshore wind solutions provider, was signed during the Seanergy conference in Normandie, France. The two companies aim to develop floating wind steel SEMI substructures that accelerates technology development for floating offshore wind, ensures cost reductions and develops local value opportunities.
The collaboration builds on the two companies’ joint ambition to drive industrialization of floating offshore wind. By teaming up at an early design phase of a floating wind farm project, the two parties seek to unlock value from integration and maximum use of fabrication capacities.
Laure Mandrou, Senior Vice President Carbon-Free Solutions of Technip Energies, said “We believe partnering is an essential step to reach net-zero. We are proud to enter this strategic partnership with Equinor, a long-lasting client with which we share a common vision and commitment: create a low-carbon future. This agreement extends our recent collaboration in the Floating Offshore Wind field, creating unique synergies by combining Technip Energies’ and Equinor’s respective experiences in the development of core technologies and the delivery of groundbreaking projects.”
Beate Myking, Senior Vice President for Renewables Solutions in Equinor, commented: “We are excited about our collaboration with Technip Energies, which allows us to further leverage and develop our floating toolbox to customize locally adapted industrial solutions for future floating offshore wind projects.”
Growth in renewables is needed to succeed with the energy transition. A large part of this growth will come from floating wind as approximately 80 percent of the wind resources offshore are in deep waters that require a floating wind turbine solution. Even though costs have come down substantially, there is still a way to go for the floating technology to reach commerciality. From building the world first floating turbine, Hywind Demo, to the world first floating wind farm, Hywind Scotland, Equinor reduced the cost per megawatt by 70 percent. The strategic collaboration between Technip Energies and Equinor will contribute to industrializing floating offshore wind solutions.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States. For further information: www.technipenergies.com.
Important Information for Investors and Securityholders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements. For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Contacts Technip Energies
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 20 7585 5051
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Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 (1) 85 67 40 95
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Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) Chief Operating Officer Micheal Dunn along with Chief Financial Officer John Porter are scheduled to participate in meetings with investors at the 2022 J.P. Morgan Energy, Power & Renewables Conference in New York City on Wednesday, June 22.
A fireside chat Q&A session with Dunn is scheduled for approximately 8:20 a.m. Eastern Time (7:20 a.m. Central Time) on June 22. A link to the live audio and replay, as well as a copy of the presentation used during the investor meetings, will be available at https://investor.williams.com on the same day.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
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(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
First permanent Pozyx demo deployment at Fabriek Logistiek test center confirms substantial warehouse efficiency improvements
GHENT, Belgium--(BUSINESS WIRE)--Pozyx, an industry-leading provider of RTLS (real-time location systems), has partnered with Fabriek Logistiek, the Belgian warehouse test center, to demonstrate its warehouse orchestration system based on real-time positioning to improve labor efficiency, increase safety and optimize inventory control in warehouse and logistics operations.
Intelligent warehousing and logistics can benefit operational efficiency by tracking assets and optimizing process flows, thereby increasing profit margins. The Pozyx RTLS helps improve the WMS (warehouse management system) and provides real-time asset tracking and identification, easier inventory management, greater operator effectiveness, better space utilization, reduced costs, and increased safety in the warehouse.
Losing track of pallets, carriers or goods means losing time and money. The Pozyx RTLS tracks bins, orders, pallets, returnable packaging, and vehicles in the warehouse and on the road. The location-based trigger system provides a detailed overview of pallet and good locations and their movements. Material handling routes can be evaluated and analyzed to enhance process workflows, resolve bottlenecks and optimize the warehouse footprint.
The Pozyx RTLS provides insights on how and where people work to better plan and optimize human resource management, optimize work shifts and labor efficiency, and calculate labor costs. It tracks forklifts, autonomous vehicles, and high safety-risk assets to reduce collision risks.
The Pozyx solution maintains inventory control by eliminating manual scanning and reducing laborious and expensive physical inventory counts. Knowing the exact location of goods, pallets, and assets not only saves time but also slashes lost inventory costs.
Pozyx will demonstrate its RTLS and the benefits in warehousing during the official opening of Fabriek Logistiek on June 20th, 2022.
To learn more about the Pozyx solution for optimized warehousing, please visit https://www.pozyx.io/solutions/industry-4-0/warehouse-optimization
About Pozyx
Pozyx delivers the most flexible real-time location system (RTLS) and software platform for global asset tracking and identification based on UWB (ultra-wideband) and other location technologies.
Since 2015, Pozyx has built a strong product portfolio with a focus on innovative solutions for Industry 4.0 and smart manufacturing. Cutting-edge hardware and firmware are combined with algorithms and analytics software to translate the stream of real-time locations into smart data and value-creating insights. The Pozyx offering covers the most demanding industry requirements for reliability, stability, robustness, and scalability.
More info on pozyx.io
Media
Elly Schietse - CMO
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HOUSTON--(BUSINESS WIRE)--Hess Midstream LP (NYSE: HESM) (“Hess Midstream”) announced today that Jonathan Stein, Chief Financial Officer, and Jennifer Gordon, Vice President, Investor Relations, will meet with investors at the J.P. Morgan Energy, Power & Renewables Conference on June 22, 2022.
A presentation has been posted in the “Investors” section of the Hess Midstream website at www.hessmidstream.com.
About Hess Midstream
Hess Midstream is a fee-based, growth-oriented, midstream company that owns, operates, develops and acquires a diverse set of midstream assets to provide services to Hess and third-party customers. Hess Midstream owns oil, gas and produced water handling assets that are primarily located in the Bakken and Three Forks Shale plays in the Williston Basin area of North Dakota. More information is available at www.hessmidstream.com.
Forward Looking Statements
This press release may include forward-looking statements within the meaning of the federal securities laws. Generally, the words “anticipate,” “estimate,” “expect,” “forecast,” “guidance,” “could,” “may,” “should,” “believe,” “intend,” “project,” “plan,” “predict,” “will” and similar expressions identify forward-looking statements, which generally are not historical in nature. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results and current projections or expectations. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the filings made by Hess Midstream with the U.S. Securities and Exchange Commission, which are available to the public. Hess Midstream undertakes no obligation to, and does not intend to, update these forward-looking statements to reflect events or circumstances occurring after this press release. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Investor:
Jennifer Gordon
(212) 536-8244
Media:
Robert Young
(713) 496-6076
SANTA BARBARA, Calif.--(BUSINESS WIRE)--C-Zero Inc., a clean energy company that has developed a technology for natural gas decarbonization, announced today that it has closed a $34 million dollar financing round led by SK Gas, a subsidiary of South Korea’s second-largest conglomerate, the SK Group. SK Gas was joined by two other new investors - Engie New Ventures and Trafigura, one of the world’s largest physical commodities trading companies - in addition to participation from all existing investors including Breakthrough Energy Ventures, Eni Next, Mitsubishi Heavy Industries and AP Ventures.
The funding will be used to build C-Zero’s first pilot plant, which is expected to be online in Q1 2023. The plant will be capable of producing up to 400kg of hydrogen per day from natural gas with no CO2 emissions.
“We are excited to be scaling up our innovative technology with experienced investors and partners who recognize the need to decarbonize natural gas and the opportunity that turquoise hydrogen production represents,” said Eric McFarland, CTO of C-Zero. “Natural gas provides a quarter of the world’s energy, so the scale of the opportunity ahead of us is enormous. But we cannot do it alone.”
“We are eager to bring C-Zero’s technology to Korea, where we see great synergies with our plans to build a hydrogen value chain complex in Ulsan,” said Brian (Byung Suk) Yoon, CEO of SK Gas. “SK Gas strongly believes in the potential of methane pyrolysis and its ability to help countries like Korea in their decarbonization efforts by producing low-cost, clean hydrogen.”
“We see significant applications for low-carbon hydrogen production through methane pyrolysis which complement ENGIE’s existing activities and skill sets. Investing early on in C-Zero’s journey brings us familiarity with the technology, and could help ENGIE achieve its goal of Net Zero by 2045” said Johann Boukhors, Managing Director of ENGIE New Ventures.
“Trafigura is backing C-Zero as part of a series of investments in clean energy technologies, including low-carbon fuels needed for the energy transition. C-Zero is reaching a critical stage with the construction of its first pilot plant to successfully demonstrate the production of low-carbon hydrogen from natural gas,” said Julien Rolland, Head of Power and Renewables for Trafigura.
About SK Gas
SK Gas has the vision to become the Net Zero Solution Provider for customers by providing low-carbon solutions like LNG and LPG, and zero-carbon solutions such as clean hydrogen and ammonia. SK Gas is the no.1 player in the Korean LPG market, and is the leader in LPG global trading. Recently SK Gas expanded its portfolio to LNG by building a LNG terminal, a LNG/LPG dual fuel power plant and a LNG marketing business. The LNG terminal and power plant are expected to operate from 2024. SK Gas plans to leverage its LNG/LPG assets and capabilities to grow a successful clean hydrogen and ammonia business targeting power generation, industrial and mobility sectors.
About ENGIE
Our group is a global reference in low-carbon energy and services. Together with our 170,000 employees, our customers, partners and stakeholders, we are committed to accelerate the transition towards a carbon-neutral world, through reduced energy consumption and more environmentally friendly solutions. Inspired by our purpose (“raison d’être”), we reconcile economic performance with a positive impact on people and the planet, building on our key businesses (gas, renewable energy, services) to offer competitive solutions to our customers. Turnover in 2021: 57.9 billion Euros. The Group is listed on the Paris and Brussels stock exchanges (ENGI) and is represented in the main financial indices (CAC 40, Euronext 100, FTSE Eurotop 100, MSCI Europe) and non-financial indices (DJSI World, DJSI Europe, Euronext Vigeo Eiris - Eurozone 120/ Europe 120/ France 20, MSCI EMU ESG screened, MSCI EUROPE ESG Universal Select, Stoxx Europe 600 ESG, and Stoxx Global 1800 ESG).
About Engie New Ventures
ENGIE New Ventures (ENV) is the investment fund of ENGIE, Research & Innovation division, dedicated to innovative climate technology startups and the corporate venture capital arm of ENGIE, the global energy and services provider. ENGIE is committed to lead the energy revolution, towards a more decarbonized, decentralized, and digitized world. ENV makes minority investments in innovative start-ups bringing strategic value to the Group with a focus on both the current ecosystem and on future breakthrough technologies. Since 2014, investments have been made in more than 45 solutions in the cleantech sector. Investment thesis is now focused in particular on renewables, energy efficiency solutions and flexibility, green gasses including hydrogen. ENV’s offices are represented in Paris, San Francisco, Singapore, Santiago and Tel Aviv.
About Trafigura
Founded in 1993, Trafigura is one of the largest physical commodities trading groups in the world. At the heart of global supply, Trafigura connects the world with the vital resources it needs. Through our Oil & Petroleum Products, Metals & Minerals, and Power & Renewables divisions, we deploy infrastructure, skills, and a global network to move commodities from where they are plentiful to where they are needed most, forming strong relationships that make supply chains more efficient, secure, and sustainable. Trafigura also owns and operates a number of industrial assets including a majority share of global multi-metals producer Nyrstar and fuel storage and distribution company Puma Energy, and joint ventures Impala Terminals, a port and logistics provider, and Nala Renewables, a power and renewable energy investment and development platform. With over 1,000 shareholders, Trafigura is owned by its employees and employs over 13,000 people working in 48 countries. Visit: www.trafigura.com
About C-Zero
C-Zero is commercializing a proprietary process for transforming natural gas into clean hydrogen and a solid carbon co-product. For more information, visit www.czero.energy.
Sydney Bartone
(805)-456-8230
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HOUSTON--(BUSINESS WIRE)--Phillips 66 (NYSE: PSX) executive management will host a webcast at noon EDT on Friday, July 29, 2022, to discuss the company’s second-quarter 2022 financial results, which will be released earlier that day, and provide an update on strategic initiatives.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, phillips66.com/investors. A replay of the webcast will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.
About Phillips 66
Phillips 66 (NYSE: PSX) manufactures, transports and markets products that drive the global economy. The diversified energy company’s portfolio includes Midstream, Chemicals, Refining, and Marketing and Specialties businesses. Headquartered in Houston, Phillips 66 has employees around the globe who are committed to safely and reliably providing energy and improving lives while pursuing a lower-carbon future. For more information, visit phillips66.com or follow @Phillips66Co on LinkedIn or Twitter.
Jeff Dietert (investors)
832-765-2297
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Shannon Holy (investors)
832-765-2297
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Thaddeus Herrick (media)
855-841-2368
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AUSTIN, Texas--(BUSINESS WIRE)--TouchMate today announced a new partnership with Loop and Smartify Media to provide an electric vehicle charging kiosk, the EV-FOCUS, to customers in the cinema, education, and healthcare markets. BlueStar, a leading global distributor of solutions-based technology, brought the companies together to address the growing demand for charging stations.
“As we venture forward in our technology solutions offerings, as the channel’s most valued distributor, we are eager to curate this partnership with TouchMate, Loop, and Smartify, for we feel all contributions combined are sure to captivate the right audience as this innovation evolves. Electric vehicles and pDOOH (Programmatic Digital Out-of-Home Advertising) are the future, and it’s only fair to equip EV drivers with the best of the breed when it comes to charging and advertising,” stated BlueStar’s Chief Technology Officer, Mark Fraker.
It is no secret charging stations are beneficial for businesses. They attract new customers, increase visit times, and enhance brand loyalty, all while generating income with charging fees. What makes the EV-FOCUS special is its ability to display digital outdoor messaging with its eye-catching 55-inch screen, creating a second revenue stream through targeted, programmatic advertising. With Smartify’s data-driven monetization platform, site owners profit from the inherent media value of their real estate, even when their businesses are closed. Smartify also assigns dedicated team members to help facilitate advertising sourcing and content management, removing the burden from the business owner.
“We are excited about the possibilities that can be achieved through our new partnership with TouchMate, Bluestar, and Loop, as the inherent value of physical real estate continues to expand into media and electric vehicle technologies. Smartify is positioned well to offer our partners and their real estate clients additional value and recurring revenue in a combined digital media and EV charging station option,” said Joe Kunigonis, CEO of Smartify Media.
TouchMate understands implementing new technology can be overwhelming for business owners, which is why they are committed to providing the complete solution for their customers. Permitting and installation, site maintenance and technical support, and training and billing will all be conducted by their EV-FOCUS team, making investing in attractive, future-forward technology affordable and attainable for any size company. They will also help business owners utilize government programs and take advantage of tax breaks, reducing installation costs and accelerating payback on investment.
Ben Williams, President and CEO of TouchMate, stated, “We are excited about this unique opportunity to provide a business solution that both pays dividends to our customers while answering the need for advancing environmental responsibility. This is one opportunity that is good for the planet with a solid return on investment.”
Increased interest in electric vehicles is supercharging the need for more charging stations. According to J.P. Morgan, electric vehicle growth is rising and will represent an estimated “30% of all vehicle sales” by 2025, with projected purchases averaging around “8.4 million vehicles or a 7.7% market share.” The International Energy Agency also predicts a positive forecast for electric vehicle popularity in the U.S. due to recent announcements “to strengthen fuel economy standards, subsidize EVs and charging infrastructure, and reach net-zero emissions by 2050.” With high-quality Loop components, and easy-to-use mobile charging transactions, the EV-FOCUS is a superior charging kiosk for any brand of electric vehicle.
“The time for businesses to future-proof their locations for the electrification of the transportation sector is now. We are excited to be partnering with TouchMate, BlueStar, and Smartify to bring together a dual-purpose EV charging and programmatic advertising solution that helps businesses prepare for the growth of electric vehicles while simultaneously turning their parking lots into profit centers,” said Dustin Cavanaugh, CEO of Loop.
About TouchMate
TouchMate is a creative supplier of self-service solutions for the cinema, education, healthcare, hospitality, retail, and transportation markets. Headquartered in Austin, TX, TouchMate services customers all over the US with products built in America. TouchMate is known for its high-quality, leading-edge technology, and personable, reliable customer service. TouchMate’s mission is to develop solutions that reflect the personality of your business while improving your bottom line.
About Loop
Loop is one of the fastest growing electric vehicle charging network infrastructure companies in the world. The company provides turnkey hardware, software, and ongoing operating service-based solutions that simplify and streamline the delivery of cost-effective public and private EV charging network infrastructure for commercial, multifamily residential, fleet, and municipal real estate markets. Since their launch in 2019, Loop has grown to provide comprehensive EV charging solutions in all 50 US states as well as over 15 countries and growing.
About Smartify
Smartify Media is an infrastructure technology and digital media company at its core. We are connecting physical real estate, retailers, and outdoor audiences together through digital media, programmatic advertising, and community messaging. Smartify has developed the Media Monetization Platform for retailers, digital networks, and property owners. We have several programs that allow our clients to leverage digital signage technology for the purpose of monetization, advertising, dynamic messaging, and audience data.
About BlueStar
BlueStar is the leading global distributor of solutions-based Digital Identification, Mobility, Point-of-Sale, RFID, IoT, AI. AR, M2M, Digital Signage, Networking, Blockchain, and Security technology solutions. BlueStar works exclusively with Value-Added Resellers (VARs) to provide complete solutions, custom configuration offerings, business development, and marketing support. The company brings unequaled expertise to the market, offers award-winning technical support, and is an authorized service center for a growing number of manufacturers.
For further information, images, or interviews, please contact:
Kayla Cobble
Marketing Coordinator
TouchMate Inc.
(512) 949-3330, ext 220
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Eric Inneo
Marketing Coordinator
Loop Inc.
(661) 713-6407
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Bill Daddi
President
DBC Brand Communications
917-620-3717
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Samantha Kalany-Hughes
Digital Media Specialist
BlueStar US
(859) 468-3072
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HOUSTON--(BUSINESS WIRE)--Natural Resource Partners L.P. (NYSE: NRP) today announced it has retired $98 million of its 9.125% Senior Notes due 2025 in the second quarter of 2022. These notes were purchased on the open market at a weighted average price of 102.23%, a discount to the current redemption price of 104.563%. The retirement of this debt will save approximately $9 million annually in interest savings. After giving effect to the transactions, $202 million of NRP’s 9.125% Senior Notes due 2025 remain outstanding and NRP has a 1.6x pro-forma leverage ratio as of March 31, 2022.
“As a result of the Partnership’s free cash flow generation, solid liquidity, and positive outlook for its business lines, we were able to opportunistically retire over 30% of our outstanding Senior Notes,” said Craig Nunez, NRP’s president and chief operating officer. “This early debt reduction demonstrates our ongoing commitment to solidify our capital structure and maximize unitholder value.”
Company Profile
Natural Resource Partners L.P., a master limited partnership headquartered in Houston, TX, is a diversified natural resource company that owns, manages and leases a diversified portfolio of properties in the United States including coal, industrial minerals and other natural resources, as well as rights to conduct carbon sequestration and renewable energy activities. NRP also owns an equity investment in Sisecam Wyoming LLC, one of the world’s lowest-cost producers of soda ash.
For additional information please contact Tiffany Sammis at 713-751-7515 or This email address is being protected from spambots. You need JavaScript enabled to view it.. Further information about NRP is available on the partnership’s website at http://www.nrplp.com.
Forward-Looking Statements
This press release includes “forward-looking statements” as defined by the Securities and Exchange Commission. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the Partnership expects, believes or anticipates will or may occur in the future are forward-looking statements. These statements are based on certain assumptions made by the Partnership based on its experience and perception of historical trends, current conditions, expected future developments and other factors it believes are appropriate in the circumstances. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the Partnership. These risks include, among other things, statements regarding: the effects of the global COVID-19 pandemic; future distributions on the Partnership’s common and preferred units; the Partnership's business strategy; its liquidity and access to capital and financing sources; its financial strategy; prices of and demand for coal, trona and soda ash, and other natural resources; estimated revenues, expenses and results of operations; projected future performance by the Partnership's lessees, including Foresight Energy; Sisecam Wyoming LLC’s trona mining and soda ash refinery operations; distributions from the soda ash joint venture; the impact of governmental policies, laws and regulations, as well as regulatory and legal proceedings involving the Partnership, and of scheduled or potential regulatory or legal changes; global and U.S. economic conditions; and other factors detailed in Natural Resource Partners’ Securities and Exchange Commission filings. Natural Resource Partners L.P. has no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.
Tiffany Sammis
713-751-7515
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DUBLIN--(BUSINESS WIRE)--The "Carbon Capture Utilization and Storage Market - A Global and Regional Analysis: Focus on Application, Type, and Region - Analysis and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
The global carbon capture utilization and storage (CCUS) market was valued at $2,100.0 million in 2021 and is expected to reach $12,159.6 million by 2031, growing at a CAGR of 19.2% between 2022 and 2031.
The growth in the global carbon capture utilization and storage market is expected to be driven by an increasing focus on reducing carbon emissions and the growing demand for enhanced oil recovery (EOR). Lack of storage facilities and leakage of CO2 from underground storage are some key restraining factors of the industry.
The global carbon capture utilization and storage market is still in a nascent phase. New capturing technologies such as bio-based capturing and membrane capturing are expected to reduce the carbon capture process cost.
With an increased worldwide focus on achieving net-zero emissions, the shift to eco-friendly industrial practices increases financing opportunities. The shift is more prominent in the oil and gas industry in regions such as North America and the Middle East. The U.S. has the largest carbon capture utilization and storage industry as oil and gas companies use captured carbon for enhanced oil recovery.
Impact of COVID-19
The impact of COVID-19 on carbon capture utilization and storage (CCUS) was limited as it has still not been commercialized. Also, most investments toward CCUS plants were announced prior to the pandemic and are currently in the construction phase.
The new plants, such as the iCORD project in Croatia and Dry Fork Power Plant in the U.S., will start operation in 2025. Therefore, due to the delayed nature of the industry, it did not suffer any significant impact.
Recent Developments in Global Carbon Capture Utilization and Storage Market
Market Dynamics
Drivers
Challenges
Opportunities
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/2xrai3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For E.S.T Office Hours Call 1-917-300-0470
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PLANO, Texas--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury” or the “Company”) today announced that Chris Kendall, President and Chief Executive Officer, will present at the J.P. Morgan Energy, Power & Renewables Conference on Wednesday, June 22, 2022, at 1:45 p.m. Eastern Time. Mr. Kendall and other members of management will also participate in meetings with investors. Supplemental corporate materials for the conference will be posted to the Company’s website the same morning, and a link to the live webcast of the presentation will be available in the Investor Relations section of the Company’s website at www.denbury.com.
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
Follow Denbury on Twitter and LinkedIn.
Brad Whitmarsh, VP Investor Relations, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, Investor Relations Analyst, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the J.P. Morgan 2022 Energy, Power & Renewables Conference Thursday, June 23 at 8:20 a.m. Eastern Time.
A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
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Media contact:
Lorrie Hecker
(212) 536-8250
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LOS ANGELES & GOTHENBURG, Sweden--(BUSINESS WIRE)--Gores Guggenheim, Inc. (“Gores Guggenheim” or the “Company”) (NASDAQ: GGPI, GGPIU and GGPIW), a special purpose acquisition company sponsored by affiliates of The Gores Group, LLC and Guggenheim Capital, LLC reminds stockholders to vote in favor of the approval of the Company’s proposed business combination with Polestar, the Swedish electric performance car company (the “Business Combination”), and other proposals related to the Business Combination to be presented the Company’s upcoming special meeting of the Company’s stockholders (the “Stockholder Special Meeting”). The Stockholder Special Meeting will be held via live webcast at www.meetnow.global/MYGAWFM on June 22, 2022, at 9:30 a.m. Eastern Time, as described in the Company’s definitive proxy statement/prospectus, dated May 25, 2022 and filed with the SEC on such date (the “Proxy Statement”). Please note that stockholders will be able to access the Stockholder Special Meeting only by means of remote communication and only at the aforementioned time and webcast.
All stockholders are strongly encouraged to vote as soon as possible in advance of the Stockholder Special Meeting. The Company requests that each stockholder of record complete, sign, date and return a proxy card. Stockholders who hold shares in “street name,” meaning that their shares are held of record by a broker, bank or other nominee, should contact their broker, bank or nominee to ensure that their shares are voted.
THE COMPANY’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT ITS STOCKHOLDERS VOTE “FOR” THE APPROVAL OF THE BUSINESS COMBINATION, AND EACH OF THE RELATED PROPOSALS DESCRIBED IN THE PROXY STATEMENT.
The Company also reminds warrant holders to vote in favor of the proposals to be presented at the meeting of the Company’s warrant holders (the “Warrant Holder Meeting”). The Warrant Holder Meeting will be held via live webcast at www.meetnow.global/MYVPLYT on June 22, 2022, at 10:00 a.m. Eastern Time, as described in the Proxy Statement. Please note that warrant holders will be able to access the Warrant Holder Meeting only by means of remote communication and only at the aforementioned time and webcast.
At the Warrant Holder Meeting, warrant holders of outstanding warrants issued as part of the units included in the Company’s IPO (the “Public Warrants”) and held of record as of the close of business on May 18, 2022 will be asked to approve an amendment to the existing warrant agreement (the “Warrant Amendment”) that governs the Public Warrants, to permit the conversion of Public Warrants to Class C-1 ADSs of ListCo in connection with the closing of the proposed Business Combination, as described in the Proxy Statement.
All warrant holders are strongly encouraged to vote as soon as possible in advance of the Warrant Holder Meeting. The Company requests that warrant holder of record at the close of business on May 18, 2022, complete, sign, date and return a proxy card. Warrant holders who hold shares or Public Warrants in “street name,” meaning that their Public Warrants are held of record by a broker, bank or other nominee, should contact their broker, bank or nominee to ensure that their Public Warrants are voted.
THE COMPANY’S BOARD OF DIRECTORS UNANIMOUSLY RECOMMENDS THAT ITS WARRANT HOLDERS VOTE “FOR” THE APPROVAL OF THE WARRANT AMENDMENT, AND EACH OF THE RELATED PROPOSALS DESCRIBED IN THE PROXY STATEMENT.
The foregoing descriptions of the Stockholder Special Meeting and the Warrant Holder Meeting do not purport to be complete and are qualified in their entirety by the Proxy Statement. All stockholders and warrant holders are encouraged to review the Proxy Statement prior to voting their shares or warrants.
Please contact Morrow Sodali LLC, Gores Guggenheim’s proxy solicitor, with any questions or assistance in voting, toll-free at (800) 662-5200 (banks and brokers can call collect at (203) 658-9400) or by e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Polestar
Polestar was established as a new, standalone Swedish premium electric vehicle manufacturer in 2017. Founded by Volvo Car AB (publ) (together with its subsidiaries, “Volvo Cars”) and Zhejiang Geely Holding Group Co., Ltd (“Geely”), Polestar enjoys specific technological and engineering synergies with Volvo Cars and benefits from significant economies of scale as a result.
Polestar is headquartered in Gothenburg, Sweden, and its vehicles are currently available and on the road in markets across Europe, North America, China and Asia Pacific. By 2023, the company plans that its cars will be available in an aggregate of 30 markets. Polestar cars are currently manufactured in two facilities in China, with additional future manufacturing planned in the USA.
In September 2021, Polestar announced its intention to list as a public company on the Nasdaq in a business combination agreement with Gores Guggenheim, Inc. Full information on this definitive agreement can be found here.
Polestar has produced two electric performance cars. The Polestar 1 was built between 2019 and 2021 as a low-volume electric performance hybrid GT with a carbon fibre body, 609 hp, 1,000 Nm and an electric-only range of 124 km (WLTP) – the longest of any premium hybrid car in the world.
The Polestar 2 electric performance fastback is the company’s first fully electric, high volume car. The Polestar 2 model range includes three variants with a combination of long- and standard range batteries as large as 78 kWh, and dual- and single-motor powertrains with as much as 300 kW / 408 hp and 660 Nm.
From 2022, Polestar plans to launch one new electric vehicle per year, starting with Polestar 3, the company’s first electric performance SUV which is expected to debut in October 2022. Polestar 4 is expected to follow in 2023, a smaller electric performance SUV coupe.
In 2024, the Polestar 5 electric performance 4-door GT is planned to be launched as the production evolution of Polestar Precept – the manifesto concept car that Polestar released in 2020 that showcases the brand’s future vision in terms of design, technology, and sustainability. As the company seeks to reduce its climate impact with every new model, Polestar aims to produce a truly climate-neutral car by 2030.
In early March 2022, Polestar revealed its second concept car, the Polestar O2 electric performance roadster. Polestar O2 builds on the design, technology and sustainability ambitions laid out by Precept and showcases the brand’s vision for future sports cars. The hard-top convertible presents an evolution of the unique design language first shown by Precept and emphasizes a dynamic driving experience. The concept further develops the focus on sustainability and technology, aiming towards greater circularity.
About Gores Guggenheim, Inc.
Gores Guggenheim, Inc. (Nasdaq: GGPI, GGPIW, and GGPIU) is a special purpose acquisition company sponsored by an affiliate of The Gores Group, LLC, founded by Alec Gores, and by an affiliate of Guggenheim Capital, LLC. Gores Guggenheim completed its initial public offering in April 2021, raising approximately USD 800 million in cash proceeds for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Gores Guggenheim’s strategy is to identify and complete business combinations with market leading companies with strong equity stories that will benefit from the growth capital of the public equity markets and be enhanced by the experience and expertise of Gores’ and Guggenheim’s long history and track record of investing in and operating businesses.
Additional Information about the Transactions and Where to Find It
In connection with the proposed Business Combination, (a) Polestar Automotive Holding UK PLC (formerly known as Polestar Automotive Holding UK Limited) (“ListCo”) has filed with the SEC a registration statement on Form F-4 containing a proxy statement of the Company and a prospectus, which the SEC declared effective on May 25, 2022 and (b) the Company has filed a definitive proxy statement relating to the proposed Business Combination (the “Definitive Proxy Statement”) and mailed the Definitive Proxy Statement and other relevant materials to its stockholders and warrant holders, each as of May 18, 2022, the record date established for voting on the proposed Business Combination and the other matters to be voted upon at the Special Meeting and Warrant Holder Meeting. The Definitive Proxy Statement contains important information about the proposed Business Combination and the other matters to be voted upon at the meetings of the Company’s stockholders and warrant holders. This press release does not contain all the information that should be considered concerning the proposed Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed Business Combination. Before making any voting or other investment decisions, securityholders of the Company and other interested persons are advised to read the Definitive Proxy Statement and other documents filed or to be filed in connection with the proposed Business Combination, as these materials will contain important information about the Company, Polestar, ListCo and the proposed Business Combination. Stockholders will also be able to obtain copies of the Definitive Proxy Statement and other documents filed with the SEC, without charge, once available, at the SEC’s website at www.sec.gov, or by directing a request to: Gores Guggenheim, Inc., 6260 Lookout Rd., Boulder, CO 80301, attention: Jennifer Kwon Chou.
INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.
Participants in Solicitation
The Company and its directors and executive officers may be deemed participants in the solicitation of proxies from the Company’s stockholders with respect to the proposed Business Combination. A list of the names of those directors and executive officers and a description of their interests in the Company is set forth in the Company’s filings with the SEC (including the Company’s final prospectus related to its initial public offering (File No. 333-253338) declared effective by the SEC on March 22, 2021), and are available free of charge at the SEC’s web site at www.sec.gov, or by directing a request to Gores Guggenheim, Inc., 6260 Lookout Rd., Boulder, CO 80301, attention: Jennifer Kwon Chou. Additional information regarding the interests of such participants is contained in the Definitive Proxy Statement.
Polestar and ListCo, and certain of their directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of the Company in connection with the proposed Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the proposed Business Combination is included in the Definitive Proxy Statement.
Forward-Looking Statements
This press release contains certain statements which may be considered “forward-looking statements” as defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or the future financial or operating performance of the Company and Polestar. For example, projections of future revenue, volumes and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may”, “should”, “expect”, “intend”, “will”, “estimate”, “anticipate”, “believe”, “predict”, “potential”, “forecast”, “plan”, “seek”, “future”, “propose” or “continue”, or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward looking statements.
These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by the Company and its management, and Polestar and its management, as the case may be, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (a) the occurrence of any event, change or other circumstances that could give rise to the termination of definitive agreements with respect to proposed Business Combination; (b) the outcome of any legal proceedings that may be instituted against the Company, the combined company or others following the announcement of the proposed Business Combination and any definitive agreements with respect thereto; (c) the inability to complete the proposed Business Combination due to the failure to obtain approval of the stockholders of the Company, to obtain financing to complete the proposed Business Combination or to satisfy other conditions to Closing; (d) changes to the proposed structure of the proposed Business Combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the proposed Business Combination; (e) the ability to meet stock exchange listing standards following the consummation of the proposed Business Combination; (f) the risk that the proposed Business Combination disrupts current plans and operations of Polestar as a result of the announcement and consummation of the proposed Business Combination; (g) the ability to recognize the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (h) costs related to the proposed Business Combination; (i) risks associated with changes in applicable laws or regulations and Polestar’s international operations; (j) the possibility that Polestar or the combined company may be adversely affected by other economic, business, and/or competitive factors; (k) Polestar’s estimates of expenses and profitability; (l) Polestar’s ability to maintain agreements or partnerships with its strategic partners Volvo Cars and Geely and to develop new agreements or partnerships; (m) Polestar’s ability to maintain relationships with its existing suppliers and strategic partners, and source new suppliers for its critical components, and to complete building out its supply chain, while effectively managing the risks due to such relationships; (n) Polestar’s reliance on its partnerships with vehicle charging networks to provide charging solutions for its vehicles and its strategic partners for servicing its vehicles and their integrated software; (o) Polestar’s ability to establish its brand and capture additional market share, and the risks associated with negative press or reputational harm, including from lithium-ion battery cells catching fire or venting smoke; (p) delays in the design, manufacture, launch and financing of Polestar’s vehicles and Polestar’s reliance on a limited number of vehicle models to generate revenues; (q) Polestar’s ability to continuously and rapidly innovate, develop and market new products; (r) risks related to future market adoption of Polestar’s offerings; (s) increases in costs, disruption of supply or shortage of materials, in particular for lithium-ion cells or semiconductors; (t) Polestar’s reliance on its partners to manufacture vehicles at a high volume, some of which have limited experience in producing electric vehicles, and on the allocation of sufficient production capacity to Polestar by its partners in order for Polestar to be able to increase its vehicle production capacities; (u) risks related to Polestar’s distribution model; (v) the effects of competition and the high barriers to entry in the automotive industry, and the pace and depth of electric vehicle adoption generally on Polestar’s future business; (w) changes in regulatory requirements, governmental incentives and fuel and energy prices; (x) the impact of the global COVID-19 pandemic, inflation, interest rate changes, the ongoing conflict between Ukraine and Russia, supply chain disruptions and logistical constraints on the Company, Polestar, Polestar’s post business combination’s projected results of operations, financial performance or other financial metrics, or on any of the foregoing risks; and (y) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s final prospectus relating to its initial public offering (File No. 333-253338) declared effective by the SEC on March 22, 2021, and other documents filed, or to be filed, with the SEC by the Company or ListCo, including the Definitive Proxy Statement. There may be additional risks that neither the Company, Polestar nor ListCo presently know or that the Company, Polestar or ListCo currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither the Company, Polestar nor ListCo undertakes any duty to update these forward-looking statements.
Disclaimer
This press release relates to the proposed Business Combination. This document shall not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
For inquiries regarding The Gores Group and affiliates:
Jennifer Kwon Chou
Managing Director
The Gores Group
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John Christiansen/Cassandra Bujarski
FGS Global
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For inquiries regarding Polestar:
Bojana Flint
Polestar (Investor Relations)
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Jonathan Goodman
Polestar
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Andrew Lytheer
Polestar
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John Paolo Canton
Polestar
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TORONTO--(BUSINESS WIRE)--Superior Plus Corp. (“Superior”) (TSX:SPB) is pleased to publish its second Sustainability Report which outlines its established environmental, social and governance (“ESG”) practices. The report includes insight into Superior’s 2021 operations and future milestones, and the Sustainability Report is available at www.superiorplus.com/investor-relations/financial-reports/.
“The release of our second Sustainability report with improved disclosure demonstrates our focus on prioritizing ESG in our operations,” said Luc Desjardins, President and Chief Executive Officer. “We are also developing an enterprise-wide sustainability strategy, supported by meaningful targets as we move forward on our carbon reduction and energy transition initiatives.”
Mr. Desjardins further added, “Superior’s resilient base business model and strong track record on execution positions us well to capture growth opportunities through the transition to a lower carbon energy environment. We are also evaluating opportunities for our existing and prospective commercial customers to help them decarbonize their operations through new product offerings, including green hydrogen and low carbon propane.”
About the Corporation
Superior is a leading North American distributor and marketer of propane and distillates and related products and services, servicing approximately 890,000 customer locations in the U.S. and Canada.
For further information about Superior, please visit Superior’s website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Capital Markets, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll-Free: 1-866-490-PLUS (7587).
Forward Looking Information
This news release contains certain forward-looking information and statements based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, "expects", "annualized", and similar expressions.
In particular, this news release contains forward-looking statements and information relating to the development of an enterprise-wide sustainability strategy supported by meaningful targets. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2021, which can be found at www.sedar.com.
Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.
Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015
Rob Dorran
Vice President, Capital Markets
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll-Free: 1-866-490-PLUS (7587)
PORT CANAVERAL, Fla.--(BUSINESS WIRE)--ABS has signed a joint development project (JDP) with SpaceX to review the remotely controlled functions of autonomous rocket recovery droneships used for booster rocket recovery at sea.
The rocket recovery droneships are modified to include an expanded deck to increase the size of the landing platform, four thruster engines for propulsion and to hold on station, and blast shielding to protect electrical and engine equipment on deck. The droneships are entirely unmanned during landings, with a robot deployed on board to secure the rocket booster to the droneship before the vessel returns to port.
The project will review the design of one of SpaceX’s three rocket recovery droneships for compliance with the ABS Guide for Autonomous and Remote-Control Functions. Due to the unique and challenging operating requirements, ABS will apply a risk-based approach to the evaluation of the autonomous functions.
“Through our work on autonomous and remote-control technologies in projects with leading partners all over the world, ABS has been leading the way in supporting its practical application at sea. This makes us ideally placed to work with SpaceX on its unique and exciting project. We are proud that our capabilities in this area have been recognized by a true pioneer such as SpaceX,” said Patrick Ryan, ABS Senior Vice President, Global Engineering and Technology.
ABS is a world leader in supporting the development of autonomous and remote-control functions at sea. A remotely operated harbor tug developed by Keppel Offshore & Marine was the first in the world to receive the ABS REMOTE-CON Notation in October 2021.
A copy of the ABS Guide for Autonomous and Remote-Control Functions can be downloaded here.
About ABS
ABS, a leading global provider of classification and technical advisory services to the marine and offshore industries, is committed to setting standards for safety and excellence in design and construction. Focused on safe and practical application of advanced technologies and digital solutions, ABS works with industry and clients to develop accurate and cost-effective compliance, optimized performance and operational efficiency for marine and offshore assets.
For more information, contact ABS Media Relations: This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Biodiesel - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Biodiesel Market to Reach US$40.2 Billion by the Year 2026
Amid the COVID-19 crisis, the global market for Biodiesel estimated at US$30.7 Billion in the year 2020, is projected to reach a revised size of US$40.2 Billion by 2026, growing at a CAGR of 4.6% over the analysis period.
The global biodiesel market is driven by the increasing need for clean and renewable fuel sources. There is rising environmental consciousness leading to a preference for environment-friendly fuel. The soaring prices of non-renewable sources of energy such as due to their limited resources are driving focus onto alternative fuels. The main factor which influences growth is the rising concern over gas emissions by fossil fuels.
Government policies favoring the promotion of sustainable projects that save energy and protect the environment are important drivers of growth in the biodiesel market. Advanced biofuels and ethanol are being promoted by the US Environment Protection Agency (EPA) through mandates and regulations.
There is a growing demand for biodiesel for use in commercial cars to reduce usage of crude oil. Fuel oil blended biodiesel fuel blends are being researched to reduce dependence on petroleum in the transportation sector. Also favoring market growth is the continuous focus on research activities aimed at developing biodiesel products that can replace crude oil.
Vegetable Oils, one of the segments analyzed in the report, is projected to grow at a 4.7% CAGR to reach US$33 Billion by the end of the analysis period.
After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Animal Fats segment is readjusted to a revised 4.3% CAGR for the next 7-year period. Vegetable oils are easily available, renewable, biodegradable, easy to transport, and provide high heat content. Most of the companies use vegetable oils to produce biodiesel on account of its higher yield and renewability.
The U.S. Market is Estimated at $5.2 Billion in 2021, While China is Forecast to Reach $2.2 Billion by 2026
The Biodiesel market in the U.S. is estimated at US$5.2 Billion in the year 2021. The country currently accounts for a 16.2% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$2.2 Billion in the year 2026 trailing a CAGR of 5.9% through the analysis period.
Among the other noteworthy geographic markets are Canada and Europe, each forecast to grow at 4.2% and 3.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 4% CAGR while Rest of European market (as defined in the study) will reach US$6 Billion by the end of the analysis period.
Europe represents the leading region in the global biodiesel market. The region's large share is due to the several government initiatives and regulations aimed at reducing greenhouse gas emissions. Biodiesel fuel consumption is on the rise in Europe on account of the government laws and programs and energy taxation regimes.
The US is among the major producers and consumers of biodiesel. Increasing use of biodiesel in the United States is mainly driven by the presence of favorable legislations. Asia-Pacific region represents a promising market for biodiesel.
Due to rapid industrialization and increase in demand for liquid fuel in power and transport sectors in emerging countries such as Indonesia, China, India, Thailand, and Malaysia, Asia Pacific will witness high growth in the coming years.
Transportation Fuel (Application) Segment to Reach $20.6 Billion by 2026
Biodiesel is increasingly playing a role as a fuel in automobiles, railways, agriculture, and maritime operations. Biodiesel has improved efficiency compared to gasoline and is useful for compression-ignition engines.
Biodiesel is used in its pure form i.e. B100 or in the form of a blend with conventional petroleum diesel. Some of the blends of biodiesel include B2, B5 and B20, referring to 2%, 5% and 20% of biodiesel content, respectively. In the global Transportation Fuel (Application) segment, USA, Canada, China and Europe will drive the 4.9% CAGR estimated for this segment. T
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 152 Featured)
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. REGIONAL MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/hx82tj
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TUCSON, Ariz.--(BUSINESS WIRE)--#Licerion--Sion Power Corporation (Sion Power) announced it has appointed Mack Treece as its Chief Financial Officer. Mr. Treece brings more than 30 years of experience in senior leadership positions with a specific focus on successfully scaling young companies into dominant market positions.
“Sion Power is extremely fortunate to have Mack join our team,” says Tracy Kelley, Chief Executive Officer of Sion Power. Kelley goes on to say, “His extensive strategic and financial experience in the energy sector will be essential as we enter into the next stage of commercial EV development.”
“I believe Sion Power is at the forefront of commercializing an advanced lithium metal battery for electric vehicles (EVs) that will significantly increase the energy density versus existing EV battery solutions, and I am excited to join Tracy and the Sion Power team as we enter the next phase of the journey,” said Mr. Treece.
Before joining Sion Power, Mr. Treece was with EOS Energy Storage, where he held the position of Chief Financial Officer (CFO) before becoming the Chief Strategic Alliances Officer for the company.
Treece has earned a B.S. in Finance and Marketing from the University of Virginia and an MBA in International Finance from Widener University.
About Sion Power
Sion Power advances the rechargeable battery industry with its Licerion® technology. Licerion® is an advanced approach to lithium-metal batteries containing twice the energy in the same size and weight battery, compared to a traditional lithium-ion battery. At up to 500 Wh/kg, Licerion batteries are produced at scale in large-format cells. As a result, Licerion® batteries have the potential to significantly enhance the performance of commercial and consumer electric vehicles. Visit Sion Power on the web at www.sionpower.com.
Angela Kliever
Dir., Marketing
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