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IQHQ’s inaugural ESG annual report highlights the company’s transformational vision for commercial life science real estate development by creating strategic, sustainable, and resilient districts where partners, employees, and communities thrive in a healthy, equitable, and innovative environment

SAN DIEGO & BOSTON--(BUSINESS WIRE)--IQHQ, Inc., a leading and sustainable life sciences real estate development company, today announced the launch of its inaugural ESG Annual Report, a comprehensive overview of the carbon mitigation goals for the company’s nearly 10 million square foot development portfolio. The report also outlines IQHQ’s vision for vibrant, innovative, and healthy workspaces for the company’s future partners and growing team, along with strategies to deliver diversity, equity, and inclusion (DEI). The report provides a blueprint of action on ESG priorities for the company: advancing a healthy, climate-resilient future; and social responsibility within the company to support their philanthropic pillars and surrounding communities.


We are proud to deliver our first ESG report – a framework of all that we have accomplished in the environmental stewardship, social responsibility, and ethical governance realm this year. In addition, this will serve as a blueprint of the critical responsibilities we will execute in the years ahead as a growing and thriving company and true leader when it comes to sustainable innovation ecosystems,” said Tracy Murphy, President and co-founder of IQHQ. “Bold ESG targets were non-negotiable when building our company – they are core to our mission – but they are also non-negotiable for our employees, partners, future collaborators, and host communities who demand best-in-class healthy, climate-resilient, equitable spaces, which is exactly what we’ll deliver.”

IQHQ’s 2021 ESG Annual Report provides details in the following areas:

Environmental Sustainability and Stewardship

As a commercial real estate developer, IQHQ has an absolute responsibility to provide a positive environmental impact and carbon neutral portfolio. This report highlights stringent environmental corporate policies along with sustainable design and construction guidelines with green building certification requirements to ensure that all buildings achieve certifications such as LEED (Leadership in Energy & Environmental Design) Gold Certification, in addition to pursuing healthy building certifications such as Fitwel and WELL Building Certification. To mitigate tenant exposure of COVID-19 or other viruses, IQHQ pursued the Fitwel Viral Response Module entity certification to set policies and procedures that mitigate viral transmission in buildings. The company incorporates sustainable design and construction guidelines into tenant lease agreements to address sustainability and efficiency for all tenant spaces. For all new development or re-development sites, the company pursues an environmental assessment and performs environmental remediation where necessary. IQHQ is a Biden Administration Real Estate Partner for Climate Commitments.

Diversity, Equity, and Inclusion

Shaping a diverse, inclusive, and equitable culture for employees and partners is paramount as IQHQ grows and thrives. It is for that reason that IQHQ is fully committed to a non-discriminatory and inclusive culture by providing equal opportunity for employment and advancement in all departments, programs, and worksites. IQHQ pledges to model diversity and inclusion for the company and its partners and to maintain an inclusive and equitable environment. IQHQ is building a different type of culture, one where all employees – whatever their gender, race, ethnicity, national origin, age, sexual orientation or identity, education, or disability – feel valued, respected, and heard. The company’s DEI goals and metrics are fully aligned with the JUST label requirements, administered by the International Living Future Institute.

Corporate Social Responsibility & Governance

IQHQ seeks to empower the communities that the company serves to be equitable and inclusive centers of innovation through their impact-driven philanthropic initiatives. As part of the Corporate Social Responsibility platform, the company has developed IQHQ Impact, a program which allows them to curate and define philanthropic priorities and invigorate company culture. IQHQ encourages its employees to donate their time through volunteer efforts and to engage in activities outside work that are rewarding and benefit their communities by providing paid volunteer time off and employee match contributions for volunteering with non-profit organizations. The company believes strong governance is the key to implementing robust policies and programs that ensure accountability and fiscal responsibility. The IQHQ corporate governance policies combined with committees and oversight are at the forefront of its business practices to bolster transparency and ensure accountability to its Board and stakeholders at large.

At IQHQ, we have a vested interest in making a positive long-term impact on our properties and the communities in which we are located,” said Jenny Whitson, Director of Sustainability & ESG for IQHQ. “The public rollout of this report makes a clear commitment and plan to achieve our ESG goals and mission to sustainably develop premier life science districts for our stakeholders, building occupants, and visitors. This report is just the beginning for IQHQ – we strive to consistently push the boundaries of sustainable innovation and ESG initiatives that support our mission to achieve transformational development in each project we undertake.”

Click the link to view the full IQHQ 2021 ESG Annual Report.

About IQHQ

IQHQ is giving progress a home, empowering the life science community to thrive and succeed by creating and developing districts that inspire innovation and drive progress and growth. IQHQ’s focus is to acquire, develop, and operate sustainable life science districts in the innovation hubs of San Francisco, San Diego, and Boston in the United States, and the Golden Triangle in the United Kingdom. IQHQ has offices in San Diego and Boston. To learn more, visit iqhqreit.com or follow us on LinkedIn or Instagram.

IQHQ’s Sustainability and CSR Commitments

As pioneers in developing innovative life science districts, IQHQ is partnering with the life science community to develop purpose-driven real estate solutions that inspire continuous progress. IQHQ is raising the bar in the commercial real estate and life sciences industries through continuous improvement and innovation, which integrates seamlessly with the tenets of sustainability, energy efficiency, and ESG excellence. In the company’s inaugural and industry-leading Environmental, Social, and Governance (ESG) Report, IQHQ highlights the company’s commitment to implement ESG initiatives in all aspects of development, asset management, corporate leadership, hiring practices, and investments.

IQHQ is committed to promoting sustainable development and high-performance operational practices. The company’s social initiatives are focused on creating a healthy, inclusive, and diverse culture. IQHQ’s governance initiatives hold the company to high standards to create accountability and prioritize fiscal responsibility. To find out more about IQHQ’s ESG commitments, visit iqhqreit.com/esg.


Contacts

Media:
For IQHQ
Dom Slowey
781-710-0014
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Travis Small
617-538-9041
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WYOMISSING, Pa.--(BUSINESS WIRE)--UGI Corporation (NYSE: UGI) announced today that its subsidiary, UGI Energy Services, LLC, acquired a 33% equity interest in Ag-Grid Energy LLC (“Ag-Grid”), a renewable energy producer with projects in the United States. Ag-Grid currently develops and operates small scale renewable power projects that support local energy demands while lowering emissions.


Ag-Grid is currently engaged in the production of renewable power with four operational projects, in Connecticut and Massachusetts, and two under construction with a target completion date in December 2022. These six projects include the conversion of dairy waste and roughly 16 million gallons of food waste annually from nearby food manufacturers to renewable power. Ag-Grid also has food waste de-packaging services at selected sites. The renewable power, currently produced annually through the use of anaerobic digesters, is sold through long-term net metering contracts to local utility and industrial customers. Approximately 1,300 kilowatts of power generation capacity is now in-service with the four existing projects, and an additional 1,500 kilowatts is expected after the completion of the two projects under construction in Connecticut and New York.

Ag-Grid also has a strong pipeline of dairy and food waste digester projects that are expected to produce additional renewable power and renewable natural gas (“RNG”) in the U.S. GHI Energy, LLC, a wholly owned subsidiary of UGI, will be the exclusive off-taker and marketer of RNG for Ag-Grid.

“We are pleased with the opportunity to increase our supply of safe, reliable, affordable and environmentally friendly energy,” said Robert F. Beard, Executive Vice President – Natural Gas, Global Engineering, Construction & Procurement, UGI. “This investment provides a platform for growth and additional diversification as we expand our renewables footprint into new geographies. We look forward to a long, productive relationship with Ag-Grid.”

“We are very excited to partner with UGI and look forward to creating a reliable supply of renewable energy for UGI and achieve our common goals of environmental stewardship and long-term sustainability of the communities that we serve and operate in,” said Rashi Akki, Founder and CEO of Ag-Grid Energy. “Ag-Grid has a robust pipeline of projects in both renewable electricity and RNG and, with this partnership, we will be able to effectively execute and accelerate these projects to provide enhanced financial and environmental sustainability benefits to all stakeholders including our dairy farm partners as well as our food waste partners.”

About UGI Corporation

UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, natural gas utilities in West Virginia, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in the Mid-Atlantic region of the United States and California, and internationally in France, Belgium, the Netherlands and the UK.

Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.

About Ag-Grid Energy

Ag-Grid Energy is a developer, owner and operator of waste to energy facilities on dairy farms in the United States. Ag-Grid Energy has a vision to convert agricultural and organic waste into renewable energy and byproducts to support local area practices that leads towards a sustainable environment.

Comprehensive information about Ag-Grid Energy is available on the Internet at https://www.aggridenergy.com.


Contacts

Investor Relations
610-337-1000
Tameka Morris, ext. 6297
Arnab Mukherjee, ext. 7498

Milestone achieved at flagship Ashley, Indiana Plastics Renewal Facility

SAN FRANCISCO--(BUSINESS WIRE)--Brightmark LLC, the global waste solutions provider, today announced it has achieved the milestone of recycling four million pounds of plastic waste. This waste, which includes all forms of plastics types 1-7, has been successfully recycled at the company's flagship plastics renewal facility in Ashley, Indiana, and converted into valuable products, creating a closed loop, circular economy.


Brightmark’s breakthrough closed loop solution has the unique ability to recycle all types of plastic waste that has reached the end of its useful life. This waste includes single-use plastics such as beverage bottles, food packaging, plastic bags, straws and coffee stirrers – as well as the difficult to recycle plastic types 3-7, such as plastic film, flexible packaging, styrofoam, coffee K-Cups, car seats and children’s toys, which are not currently recycled at scale.

In achieving this milestone, Brightmark has recycled 4,000 children's car seats, 60,000 pounds of boat wrap, 6,000 pounds of plastics recovered from the ocean, 200,000 yogurt cups, and a variety of other non-single use plastics that are likely to otherwise end up incinerated in landfills or as litter in the natural environment, where it will sit for thousands of years.

A staggering 91% of all plastic products do not get recycled. Post-use plastics end up choking waterways, harming vulnerable ecosystems, and often can even end up in our bodies in the form of microplastics. Brightmark’s first-of-its- plastics renewal facility is creating circular solutions to waste, drastically reducing the negative impacts of plastic waste and production. When fully operational in the second half of 2022, Brightmark's Ashley, Indiana plastics renewal facility will be capable of recycling 200 million pounds of plastics per year. Scaling Brightmark’s technology in the U.S. and globally is critical for avoiding projections that by 2050, there will be more plastic in the ocean than fish by weight, as reported by the World Economic Forum.

"Achieving this milestone is a great way for Brightmark to celebrate Earth Day as we advance our mission to ‘Reimagine Waste’," said Bob Powell, Brightmark Founder and Chief Executive Officer. "While four million pounds is no small feat, it represents a drop in the bucket as it pertains to the plastic waste crisis our planet faces. By deploying innovative, circular solutions Brightmark is ushering in a new era of pragmatic environmentalism to end plastic waste.”

In November 2021, Brightmark announced that a life cycle analysis of its plastics renewal technology has revealed that its proprietary, pyrolysis-based process produces 39%-139% fewer greenhouse gas emissions than equivalent products made from virgin materials. The data collection was conducted by the Georgia Institute of Technology with analysis by Environmental Clarity, Inc.

The life cycle analysis revealed that plastics renewal provides 82% energy use savings, 46% water use savings, and a 39%-139% reduction in carbon footprint. The technology’s carbon footprint benefit was further found to be directly correlated to the extent which a given country relied on incineration as a waste disposal method: In Europe, where 50% of plastics are incinerated, plastics renewal’s carbon footprint improvement jumps to 139% compared to equivalent virgin products.

ABOUT BRIGHTMARK
Brightmark LLC is a global waste solutions company with a mission to reimagine waste. The company takes a holistic, closed loop, circular economy approach to tackling the planet’s most pressing environmental challenges with imagination and optimism for the future. Through the deployment of disruptive, breakthrough waste-to-energy solutions focused on plastics renewal (plastic-to-plastic) and renewable natural gas (organic waste-to-fuel), Brightmark enables programs specifically tailored to environmental needs in order to build scalable project solutions that have a positive impact on the world and communities in which its stakeholders live and work. For more information, visit www.brightmark.com.


Contacts

Media:
Cory Ziskind
ICR
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646-277-1232

NORTH CHARLESTON, S.C.--(BUSINESS WIRE)--Ingevity Corporation (NYSE:NGVT) today announced that a study conducted by consulting firm Environmental Resources Management (ERM), London, U.K., has determined the carbon negative properties of its lignin-based Polyfon® H dispersant completely offset the volume of greenhouse gas (GHG) emissions associated with its manufacture, resulting in a carbon footprint 122% lower than fossil carbon-based alternatives and positively impacting climate change.


Ingevity’s research legacy in lignin process chemistry provides us with a wide range of high-quality, sustainable crop protection products like our Polyfon technology,” said Rich White, senior vice president, Performance Chemicals, and president, Industrial Specialties and Pavement Technologies. “ERM’s study now allows us to quantifiably realize the net positive GHG benefits of Polyfon as we continue to provide renewable solutions that help customers advance their sustainability goals and enhance their products’ performance.”

Used mainly as a dispersant in the agriculture industry for a diverse set of crop protection formulations including biological products, Polyfon is created from lignin, a renewable by-product of the kraft paper-making industry. According to the ERM study, the 2.2 metric tons (MT) of biogenic carbon dioxide - carbon pulled from the atmosphere and stored as carbon in the pine tree during tree growth - outbalance the 1.46 MT of carbon dioxide released with the energy use, materials, packaging and wastes associated with Polyfon manufacture, resulting in a negative carbon footprint, or a positive benefit to climate change.

ERM’s study notes that after application to crops, Polyfon’s innate biogenic carbon is expected to remain in the soil for at least a 100-year timeframe, storing the carbon in the soil instead of releasing it to the atmosphere to impact climate change.

ERM is a global provider of environmental, health, safety, risk, social and sustainability-related consulting services, and relied on the IPCC 2013 Life Cycle Impact Assessment (LCIA) method to calculate the product’s GHG emissions to assess climate change potential. This approach is consistent with the assumptions of the LCIA study conducted by Franklin Associates for the American Chemistry Council Pine Chemistry Panel. ERM used the Franklin Associates study as the source of carbon footprint data for the tall oil rosin input.

This is the fourth study in Ingevity’s ongoing review of the environmental impacts of its major product lines. For more information on ERM’s net product benefit study of Polyfon H, please visit the sustainability page on Ingevity’s website.

Ingevity: Purify, Protect and Enhance

Ingevity provides products and technologies that purify, protect, and enhance the world around us. Through a team of talented and experienced people, we develop, manufacture and bring to market solutions that help customers solve complex problems and make the world more sustainable. We operate in two reporting segments: Performance Chemicals, which includes specialty chemicals and engineered polymers; and Performance Materials, which includes high-performance activated carbon. These products are used in a variety of demanding applications, including asphalt paving, oil exploration and production, agrochemicals, adhesives, lubricants, publication inks, coatings, elastomers, bioplastics and automotive components that reduce gasoline vapor emissions. Headquartered in North Charleston, South Carolina, Ingevity operates from 25 locations around the world and employs approximately 1,850 people. The company is traded on the New York Stock Exchange (NYSE:NGVT). For more information visit www.ingevity.com.


Contacts

Caroline Monahan
843-740-2068
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Investors:
Mary Dean Hall
84-INGEVITY
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Project to enhance understanding of emissions associated with the operation of assets delivering to Cheniere LNG facilities

HOUSTON--(BUSINESS WIRE)--Kinder Morgan, Inc. (NYSE: KMI) today announced that it has joined a collaboration with Cheniere Energy, Inc. (NYSE: LNG), several other midstream operators, methane detection technology providers and leading academic institutions on a project focused on quantifying, monitoring, reporting and verifying (QMRV) greenhouse gas (GHG) emissions associated with the operation of natural gas gathering, processing, transmission, and storage systems. The work is intended to improve the overall understanding of GHG emissions and further the deployment of advanced monitoring technologies and protocols.

The midstream QMRV work will be conducted by global emissions researchers from Colorado State University and the University of Texas. The measurement protocol designed by the research group and Cheniere will be field-tested at facilities operated by the participating midstream companies. KMI assets involved in this project include select pipeline segments and compressor stations on the Tennessee Gas Pipeline (TGP), Kinder Morgan Louisiana Pipeline (KMLP) and Natural Gas Pipeline of America (NGPL) systems.

“We are excited to be participating in this project and have enrolled selected assets across multiple pipelines that deliver natural gas to Cheniere’s Sabine Pass and Corpus Christi LNG facilities,” said KMI’s Interstate Natural Gas President Kimberly Watson. “We believe our collaboration in this project further demonstrates our dedication to better understanding the GHG emissions from our facilities and supporting the needs of our customers.”

“Collaboration with our midstream partners is a vital part of Cheniere’s efforts to measure and verify our emissions and look for opportunities for reductions across our value chain,” said Scott Culberson, Cheniere’s Senior Vice President of Gas Supply. “KMI is a critical teammate in this effort to provide cleaner sources of energy around the world, and their leadership will help to improve the environmental performance of U.S. natural gas and LNG.”

“Emissions quantification requires scientifically rigorous methods that are unique to each segment of the industry. This first-of-its-kind R&D project will investigate emissions performance at multiple midstream facilities not just by short-duration spot checks, but over several months, employing multiple monitoring technologies at multiple scales,” said Dan Zimmerle, the principal investigator on the project from Colorado State University who also serves as the Director of the school’s Methane Emissions Program.

“It is vital for both public policy and science that we have empirically driven measurement protocols, and importantly the complex and voluminous data collected is independently analyzed and verified by the scientific community,” said Dr. Arvind Ravikumar, professor in the Petroleum and Geosystems Engineering department at the University of Texas at Austin.

About Kinder Morgan, Inc.

Kinder Morgan, Inc. (NYSE: KMI) is one of the largest energy infrastructure companies in North America. Access to reliable, affordable energy is a critical component for improving lives around the world. We are committed to providing energy transportation and storage services in a safe, efficient and environmentally responsible manner for the benefit of the people, communities and businesses we serve. We own an interest in or operate approximately 83,000 miles of pipelines, 141 terminals, and 700 billion cubic feet of working natural gas storage capacity. Our pipelines transport natural gas, refined petroleum products, crude oil, condensate, CO2 and other products, and our terminals store and handle various commodities including gasoline, diesel fuel, chemicals, ethanol, metals and petroleum coke. Learn more about our renewables initiatives on the low carbon solutions page at www.kindermorgan.com.

Important Information Relating to Forward-Looking Statements

This news release includes forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities and Exchange Act of 1934. Generally the words “expects,” “believes,” anticipates,” “plans,” “will,” “shall,” “estimates,” and similar expressions identify forward-looking statements, which are not historical in nature. Forward-looking statements in this news release include express or implied statements concerning the anticipated timing, capacities and benefits of the planned QMRV project. Forward-looking statements are subject to risks and uncertainties and are based on the beliefs and assumptions of management, based on information currently available to them. Although KMI believes that these forward-looking statements are based on reasonable assumptions, it can give no assurance as to when or if any such forward-looking statements will materialize or their ultimate impact on KMI’s operations or financial condition. Important factors that could cause actual results to differ materially from those expressed in or implied by these forward-looking statements include the risks and uncertainties described in KMI’s reports filed with the Securities and Exchange Commission (SEC), including its Annual Report on Form 10-K for the year-ended December 31, 2021 (under the headings “Risk Factors” and “Information Regarding Forward-Looking Statements” and elsewhere) and its subsequent reports, which are available through the SEC’s EDGAR system at www.sec.gov and on KMI’s website at ir.kindermorgan.com.


Contacts

Katherine Hill
Media Relations
(713) 469-9176
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Investor Relations
(800) 348-7320
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www.kindermorgan.com

  • MP Materials and General Motors simultaneously announce a definitive supply agreement commencing in late 2023 to produce rare earth alloy and magnets for GM’s EV programs
  • The facility will create approximately 150 skilled jobs and approximately 1,300 indirect jobs
  • MP Materials’ Texas magnetics facility will source materials from Mountain Pass, California, and produce magnets powering approximately 500,000 EV motors per year, with potential to scale
  • The facility is a substantial component of a $700 million investment MP Materials will make to fully restore the U.S. rare earth magnetics supply chain over the next two years
  • Integrated recycling and leading environmental capabilities will deliver world class sustainability to support the energy transition

FORT WORTH, Texas--(BUSINESS WIRE)--$MP #rareearth--MP Materials Corp. (NYSE: MP) today commemorates the start of construction at its first rare earth metal, alloy, and magnet manufacturing facility, located in Fort Worth, Texas. The first-of-its kind U.S. facility is a substantial component of a $700 million investment the company will make over the next two years to fully restore the U.S. rare earth magnetics supply chain. The project will create around 150 high-skill jobs and 1,300 indirect jobs and is located in Hillwood’s 27,000-acre, mixed-use development, AllianceTexas.



In parallel, MP Materials and General Motors (NYSE: GM) are co-announcing a definitive supply agreement to produce alloy and magnets for GM’s EV programs. The definitive supply agreement solidifies the terms of a binding agreement announced by MP Materials and GM in December. Under the long-term agreement, MP Materials will supply U.S.-sourced and manufactured rare earth materials, alloy, and finished magnets for the electric motors in more than a dozen models using GM’s Ultium Platform, with a gradual production ramp that is expected to begin in late 2023, starting with alloy.

MP Materials’ Fort Worth facility will have the capacity to produce approximately 1,000 tonnes of neodymium-iron-boron (NdFeB) magnets per year, supporting the production of approximately 500,000 EV traction motors, with room to scale. In addition to EVs, NdFeB magnets are critical inputs to robots, wind turbines, drones, defense systems, and many other high-growth technologies. Adamas Intelligence, an independent research firm, forecasts that global demand for NdFeB magnets will triple by 2035 on the back of rising demand for EV traction motors, wind power generators, energy efficient consumer appliances, and more.

In February, the Department of Defense awarded MP Materials $35 million to refine and separate heavy rare earth elements at the company’s Mountain Pass, California, rare earth materials production facility. MP’s Texas magnetics factory will source refined feedstock from Mountain Pass and transform it into finished products, delivering an end-to-end supply chain, including mining and refining, metal, alloy, and magnet manufacturing, and recycling.

Mountain Pass is a closed loop, zero-discharge facility with a dry tailings process that recycles more than 1.7 billion liters of water per year. To optimize for efficiency and sustainability, byproduct generated from alloy and magnet manufacturing will be recycled in a closed loop to every extent possible.

James Litinsky, Founder, Chairman, and Chief Executive Officer, MP Materials

“Bringing magnetics capabilities home is transformational for MP Materials and America’s supply chains. I am very proud that after a series of executive orders spanning multiple presidential administrations MP Materials is leading the restoration of the full supply chain and the revitalization of the American manufacturing spirit in our sector.”

Anirvan Coomer, Executive Director, Global Purchasing & Supply Chain, General Motors

"The new MP Materials magnetics facility in Fort Worth, Texas, will play a key role in GM’s journey to build a secure, scalable, and sustainable EV supply chain. As the foundational automotive customer of the Fort Worth facility, GM will use the products from this plant in the GMC HUMMER EV, Cadillac LYRIQ, Chevrolet Silverado EV, and more than a dozen models based on GM’s Ultium platform. We also look forward to collaborating with MP Materials from a public policy perspective to seek policies that are supportive of the establishment of an efficient U.S.-based rare earth and magnet supply chain."

Ross Perot Jr., Chairman, Hillwood and The Perot Group

“Today is an exciting day for North Texas and our entire country. MP Materials is not only bringing their state-of-the art magnetics facility to AllianceTexas, but also reshoring important next-generation manufacturing jobs to America. Securing and developing rare earth materials is one of the most important national security issues of our day, and we’re proud that AllianceTexas can partner with MP Materials to play a key role in America’s ability to power its future.”

The Honorable Ted Cruz, U.S. Senator for Texas

“The United States needs to do everything we can to end our dangerous dependence on China for rare earth elements and critical minerals across the entire supply chain. It is both significant and important that MP Materials is going beyond mining and into alloying and manufacturing, and I’m deeply proud of the role Texas is playing in these projects.”

The Honorable Kay Granger, U.S. Representative for Texas

"MP’s investment will bring hundreds of new jobs and millions in economic growth to the TX-12 community. Rare earth materials are crucial for many defense systems, and by producing these much-needed magnets, this facility will reduce our dependence on countries like China. For the sake of our national security, we must continue to increase domestic rare earth production, and I’m proud that we will do that right here in Fort Worth.”

The Honorable Michael Burgess, U.S. Representative for Texas

“When it comes to solving the energy crisis facing our nation, we need innovative and visionary solutions at the forefront. It is exciting that Texas is able to welcome another energy provider today with the groundbreaking of MP Materials’ new rare earth alloying and magnet manufacturing facility. I hope you will join me in welcoming MP Materials to our community.”

The Honorable Beth Van Duyne, U.S. Representative for Texas

“Rare earth magnets are essential for U.S. economic and national security, and it is vital to our national interest that we manufacture these components at scale here at home. I applaud MP Materials for building this landmark facility in Fort Worth, and I’m pleased that Texas is at the forefront of restoring this important supply chain back to America.”

The Honorable Marc Veasey, U.S. Representative for Texas

“Rare earth magnets are critical to the energy transition and security of the United States. It is essential we manufacture these components in the United States from domestic materials sourced in an environmentally responsible manner. The people of TX-33 are prepared to support and lead this effort.”

The Honorable Greg Abbott, Governor of Texas

“Congratulations to MP Materials on the groundbreaking of their new magnet manufacturing facility and engineering headquarters in Fort Worth. This incredible investment will not only create more than 100 new jobs for hardworking Texans, but will also bolster the state’s supply chain in high-tech industries while solidifying Texas as a mecca for advanced manufacturing and innovation. It’s thanks to industry innovators like MP Materials that ‘Made in Texas’ continues to be the most powerful global brand.”

The Honorable Mattie Parker, Mayor of Fort Worth

“This new MP Materials facility is an excellent fit for the groundbreaking work being done at AllianceTexas, and it presents an incredible opportunity to bring more advanced manufacturing jobs home to the U.S. right here in Fort Worth. Our local, state, and national economic and mobility goals require secure development of rare earth magnets, and I am proud that Fort Worth will serve as a center for our nation's focus on advancing this effort.”

About MP Materials

MP Materials Corp. (NYSE: MP) is the largest producer of rare earth materials in the Western Hemisphere. The Company owns and operates the Mountain Pass Rare Earth Mine and Processing Facility in California, North America’s only active and scaled rare earth production site. Separated rare earth elements are critical inputs to the world’s most powerful and efficient magnets found in electric vehicles, drones, defense systems, wind turbines and various advanced technologies. The Company is developing U.S. metal, alloy and magnet manufacturing capacity to build these critical components domestically. More information is available at https://mpmaterials.com/.

Join the MP Materials community on Twitter, Instagram and LinkedIn.

Forward-Looking Statements

This press release contains certain statements that are not historical facts and are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “expect,” “anticipate,” “believe,” “seek,” “will,” “target,” or similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the Company’s expected investment to restore the rare earth supply chain in the United States, the expected number of employees and jobs being created in connection with the Company’s Forth Worth facility, statements regarding the long-term agreement with General Motors and the Company’s ability and timing to supply U.S.-produced NdFeB alloy and magnets. Such statements are all subject to risks, uncertainties and changes in circumstances that could significantly affect the Company’s future financial results and business.

Accordingly, the Company cautions that the forward-looking statements contained herein are qualified by important factors that could cause actual results to differ materially from those reflected by such statements. These forward-looking statements are subject to a number of risks and uncertainties, including changes in domestic and foreign business, market, financial, political and legal conditions; uncertainty of the projected financial information with respect to the Company; continued demand for NdFeB magnets which may decrease materially in the future; risks related to the Company’s long-term agreement with General Motors; the Company’s ability to produce and supply NdFeB magnets to third parties, including General Motors, is subject to a number of uncertainties and contingencies; the impact of the global COVID-19 pandemic, on any of the foregoing risks; and those risk factors discussed in the Company’s filings with the Securities and Exchange Commission, including Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other documents filed by the Company with the Securities and Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. The Company does not intend to update publicly any forward-looking statements except as required by law. In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this earnings release may not occur.


Contacts

Matt Sloustcher
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HOUSTON--(BUSINESS WIRE)--Today Western Midstream Partners, LP (NYSE: WES) (“WES” or the “Partnership”) announced that the board of directors of its general partner declared a quarterly cash distribution of $0.50 per unit for the first quarter of 2022. This distribution represents a 53-percent increase over the prior quarter’s distribution and is consistent with the partnership’s previously disclosed annualized regular quarterly distribution (“Base Distribution”) target of $2.00 per unit. WES’s first-quarter 2022 distribution is payable May 13, 2022, to unitholders of record at the close of business on May 2, 2022.


The Partnership plans to report its first-quarter 2022 results after market close on Tuesday, May 10, 2022. Management will host a conference call on Wednesday, May 11, 2022, at 2 p.m. CDT (3 p.m. EDT) to discuss the Partnership’s quarterly results. The full text of the release announcing the results will be available on the Partnership’s website at www.westernmidstream.com.

First-Quarter 2022 Results
Wednesday, May 11, 2022
2 p.m. CDT (3 p.m. EDT)
Dial-in number: 844-200-6205
International dial-in number: 929-526-1599
Participant access code: 131945

To participate in WES’s scheduled first-quarter 2022 earnings call, refer to the above-listed dial-in number and participant access code. To access the live audio webcast of the conference call, please visit the investor relations section of the Partnership’s website at www.westernmidstream.com. A replay of the conference call also will be available on the website following the call.

ABOUT WESTERN MIDSTREAM

Western Midstream Partners, LP (“WES”) is a Delaware master limited partnership formed to acquire, own, develop, and operate midstream assets. With midstream assets located in the Rocky Mountains, North-central Pennsylvania, Texas, and New Mexico, WES is engaged in the business of gathering, compressing, treating, processing, and transporting natural gas; gathering, stabilizing, and transporting condensate, NGLs, and crude oil; and gathering and disposing of produced water for its customers. In addition, in its capacity as a processor of natural gas, WES also buys and sells natural gas, NGLs, and condensate on behalf of itself and as an agent for its customers under certain of its contracts.

For more information about Western Midstream Partners, LP and Western Midstream Flash Feed updates, please visit www.westernmidstream.com.

This news release contains forward-looking statements. WES and its general partner believe that their expectations are based on reasonable assumptions. No assurance, however, can be given that such expectations will prove to have been correct. A number of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this news release. These factors include our ability to meet distribution expectations and financial guidance; the timeline for a full recovery in commodity demand and prices; our ability to safely and efficiently operate WES’s assets; the supply of, demand for, and price of oil, natural gas, NGLs, and related products or services; our ability to meet projected in-service dates for capital-growth projects; construction costs or capital expenditures exceeding estimated or budgeted costs or expenditures; and the other factors described in the “Risk Factors” section of WES’s most-recent Form 10-K and Form 10-Q filed with the Securities and Exchange Commission and other public filings and press releases. WES undertakes no obligation to publicly update or revise any forward-looking statements.

Note regarding Non-United States Investors: This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100.0%) of Western Midstream Partners, LP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, Western Midstream Partners, LP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.


Contacts

WESTERN MIDSTREAM CONTACTS

Kristen Shults
Senior Vice President, Finance and Sustainability
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832.636.1009

Daniel Jenkins
Director, Investor Relations
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832.636.1009

Shelby Keltner
Manager, Investor Relations
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832.636.1009

HOUSTON--(BUSINESS WIRE)--$XPRO #XPRO--Expro Group Holdings N.V. (NYSE: XPRO) (“Expro” or “the Company”) will hold a conference call on May 5, 2022 to discuss results for the quarter ended March 31, 2022. The conference call is scheduled to begin at 10:00 a.m. Central Time (11:00 a.m. Eastern Time). A press release regarding the results will be issued before the market opens on May 5 and the press release, together with associated presentation slides, will be posted to the investor relations section of the Expro website in advance of the conference call.


We encourage those who plan to dial into the conference to pre-register: pre-registration link. Callers who pre-register will be given a dial-in number and unique PIN via email to gain immediate access to the call.

Participants may also join the conference call by dialing:
US: 1 844 200 6205
International: +1 929 526 1599
Access code: 482756

To listen via live webcast, please visit the Investor section of www.expro.com.

An audio replay of the webcast will be available in the Investor section of the Company’s website approximately 3 hours after the conclusion of the call and remain available for a period of 12 months.

To access the audio replay telephonically:
Dial-In: US1 929 458 6194 or 44 (204) 525 0658
Access ID: 324599
Start Date: May 5, 2022, 1:00 p.m. CT
End Date: May 12, 2022, 11:00 p.m. CT

ABOUT EXPRO

Working for clients across the entire well life cycle, Expro is a leading provider of energy services, offering cost-effective, innovative solutions and what the Company considers best-in-class safety and service quality. The Company’s extensive portfolio of capabilities spans well construction, well flow management, subsea well access and well intervention and integrity solutions.

With roots dating to 1938, Expro has more than 7,200 employees and provides services and solutions to leading exploration and production companies in both onshore and offshore environments in approximately 60 countries with over 100 locations.

For more information, please visit: expro.com and connect with Expro on Twitter @ExproGroup and LinkedIn @Expro.


Contacts

Karen David-Green – Chief Communications, Stakeholder & Sustainability Officer
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+1 281 994 1056

DALLAS--(BUSINESS WIRE)--Cardinal Midstream Partners (“Cardinal”), a newly-formed independent midstream company based in Dallas, announced today it has secured an initial capital commitment of $300 million from EnCap Flatrock Midstream (“EnCap Flatrock”). Led by a team of industry veterans with a proven track record of success and value creation, Cardinal will pursue acquisition and development opportunities in prolific basins across North America with a focus on natural gas gathering and processing as well as congruent carbon capture and sequestration.


The Cardinal leadership team includes four founders: Chief Executive Officer Doug Dormer; Chief Financial Officer Douglas Gale; Chief Commercial Officer Justin Garrity; and Chief Operating Officer Clayton Hewett. With more than 80 years of combined experience in the energy industry, the founders each have built notable careers creating, managing, constructing, and operating successful midstream businesses through full life cycle.

CEO Perspective

“EnCap Flatrock has been a trusted and valued partner to me for over a decade and I am excited to continue as we work together to grow Cardinal Midstream Partners,” said Doug Dormer, Cardinal chief executive officer. “We believe that clean burning natural gas will continue to play an important role in the energy mix, driving global demand, upstream production, and accompanying midstream infrastructure. We look forward to being part of the energy solution, aggressively pursuing a hybrid strategy focused on natural gas gathering and processing, and carbon capture and sequestration.”

From EnCap Flatrock

“We are excited to continue our longstanding relationship with Doug Dormer and partner with Cardinal Midstream Partners,” said Billy Lemmons, EnCap Flatrock managing partner. “Doug has assembled a world class team who have deep industry relationships and outstanding reputations in the energy industry. The company’s strategy and focus provide a solid platform, well positioned for growth and value creation.”

Advisors

Cardinal was advised by Akin Gump Strauss Hauer & Feld LLP, led by partner Wesley P. Williams. Sarah E. McClean, partner with Sherman & Sterling, LLC acted as legal counsel to EnCap Flatrock.

About Cardinal Midstream:

Based in Dallas, Cardinal Midstream Partners was founded in 2022 and is focused on the pursuit of midstream acquisition and development opportunities across North America, specifically natural gas gathering and processing and congruent carbon capture and sequestration. The company is led by four founders: Chief Executive Officer Doug Dormer; Chief Financial Officer Douglas Gale; Chief Commercial Officer Justin Garrity; and Chief Operating Officer Clayton Hewett. For more information, visit cardinalmp.com.

About EnCap Flatrock Midstream:

EnCap Flatrock Midstream provides value-added growth capital to proven management teams focused on midstream infrastructure opportunities across North America. The firm was formed in 2008 by a partnership between EnCap Investments L.P. and Flatrock Energy Advisors, LLC. Based in San Antonio with offices in Oklahoma City and Houston, the firm manages investment commitments of nearly $9 billion from a broad group of prestigious institutional investors. EnCap Flatrock Midstream is currently making commitments to new management teams from EFM Fund IV, a $3.25 billion fund. For more information, please visit efmidstream.com.


Contacts

Meredith Hargrove Howard
Redbird Communications Group
210-737-4478
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Project is in support of the Israeli Navy through the United States Army Corps of Engineers


ORLANDO, Fla.--(BUSINESS WIRE)--Conti Federal Services, a leading U.S. government construction and engineering firm specializing in complex critical infrastructure, secure construction, and environmental remediation projects, has been awarded a $17,757,234 design-bid-build contract to demolish existing infrastructure and construct a new pier for one of the Israeli naval bases. The marine work will be followed by building new infrastructure on the site, including the construction of a new electrical building and landscaping the location.

Awarded by the U.S. Army Corps of Engineers (USACE) Europe, the task order is part of the $50M Northern Israel Multiple Award Task Order Contract (MATOC) that Conti Federal won in 2021 to provide repair and renovation, associated environmental work, force protection work and construction services in support of the Israel Ministry of Defense under the Foreign Military Sales (FMS) agreement with the United States Government.

“To be selected once again for this critical work speaks to the success that our team continues to deliver for the U.S. Army Corps of Engineers – specifically in the Israel region. We’ve been supporting the mission in Israel for more than a decade and look forward to continuing to serve for the next one,” said Conti Federal Israel Regional Manager Mike Sziy.

The project is to be completed in 2023 and is just the latest in the many construction and modernization projects Conti Federal has taken on for the Israel Ministry of Defense. For details about Conti Federal’s work with USACE and other government agencies globally, visit https://www.contifederal.com/projects.

About Conti Federal

Conti Federal Services is a leading global construction and engineering company with roots dating back 115 years. The company has delivered some of the most demanding projects for the U.S. federal government, on time and on budget. Conti Federal specializes in disaster preparedness and recovery, classified and secure construction, critical infrastructure and environmental remediation. Conti Federal is dedicated to ensuring clients meet mission success while committing to their core values of safety, integrity, and compliance.


Contacts

Meredith Koons
Conti Federal
732-540-9478
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DENVER--(BUSINESS WIRE)--Civitas Resources, Inc. (NYSE: CIVI) (“Civitas” or the “Company”), today announced that it has given notice of its intent to redeem in full the $100 million in aggregate principal amount of its currently outstanding 7.50% senior notes due 2026 (the “Notes”) on May 1, 2022 (the “Redemption Date”). The redemption price of the Notes will be 100% of the principal amount of the Notes redeemed, plus accrued and unpaid interest to the Redemption Date. The Company has instructed the Trustee to send a notice of full redemption in the name of the Company to all currently registered holders of the Notes.


The Company also announced that it has entered into an amendment to its senior secured revolving credit facility (the "Credit Facility") under which the borrowing base has been increased from $1.0 billion to $1.7 billion and the elected commitment amount has increased from $800 million to $1.0 billion in connection with its regularly scheduled semi-annual redetermination. As of March 31st, the Company had zero borrowings outstanding on the Credit Facility and approximately $154 million in cash on hand.

This press release is for informational purposes only and does not constitute a notice of redemption under the optional redemption provisions of the Notes, nor does it constitute an offer to purchase the Notes or any other securities.

Forward-looking Statements

This press release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, the completion of the full redemption of the Notes constitute forward-looking statements. For a description of factors that may cause Civitas’ actual results, performance or expectations to differ from any forward-looking statements, please review the information under the heading “Risk Factors” included in Item 1A of Civitas’ 2021 Annual Report on Form 10-K and other documents of Civitas’ on file with the Securities and Exchange Commission. Any forward-looking statements made in this press release are qualified by these cautionary statements, and there can be no assurance that the actual results or developments anticipated by Civitas will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Civitas or its business or operations. Except as required by law, Civitas undertakes no obligation to update publicly or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. We caution you that actual outcomes and results may differ materially from what is expressed, implied or forecasted by Civitas’ forward-looking statements.


Contacts

Investor Relations:
John Wren, This email address is being protected from spambots. You need JavaScript enabled to view it.

Media:
Brian Cain, This email address is being protected from spambots. You need JavaScript enabled to view it.

EQT’s certified natural gas agreement will enable Bloom Energy customers such as T-Mobile to use responsible fuels

SAN JOSE, Calif. & PITTSBURGH, Pa.--(BUSINESS WIRE)--$BE--Bloom Energy (NYSE: BE) and EQT, the largest producer of natural gas in the U.S., today announced they have closed a certificate trade agreement (CTA) for certified, responsibly sourced natural gas. Bloom Energy has purchased certificates for all of its U.S. fleet’s natural gas consumption for the next two years from EQT. EQT's certified natural gas became available for sale in December 2021. The agreement marks the realization of Bloom’s commitment made in July 2021 to convert its fleet to certified gas.



Together, Bloom and EQT are leading the market for certified natural gas, which not only allows end-users to reduce the emissions associated with their value chain but also incentives emissions reduction efforts by producers.

By converting its U.S. fleet of fuel cell installations – deployed at more than 700 sites – to EQT’s certified natural gas, an estimated 176,000 metric tons of CO2e emissions will be avoided per year when compared to the national average leak rate, the equivalent of 38,329 passenger vehicles taken off the road annually.

The certificates purchased by Bloom from EQT represent gas production jointly approved under both the MiQ Methane Standard and the Equitable Origin EO100TM Standard for Responsible Energy Development, which together provide a transparent, verified method for tracking environmental, social and governance (ESG) performance. The certification standards developed by MiQ and EO aim to bring transparency to an opaque market, drive demand for certified natural gas and help operators differentiate themselves through methane-emissions performance and overall responsible energy production.

“As the energy industry works to make renewable and zero-carbon technologies more widely available, we must do everything in our power to reduce the carbon intensity of today’s energy production,” said Stephen Lamm, senior director of sustainability, Bloom Energy. “By transitioning our domestic fleet of fuel cells to certified natural gas, we believe we are taking an immediate and impactful step to help eliminate harmful methane emissions as we lay the foundation for a net-zero future. We’re proud to partner with EQT on their mission to transform the natural gas market, and we strongly urge other gas producers and consumers to join us in embracing more responsible practices – not only for the industry, but the planet.”

“We are excited to support Bloom’s transition to certified, responsibly sourced natural gas, which is expected to make an immediate and significant impact on their customers’ efforts to reduce their own environmental footprint,” said Toby Z. Rice, President and CEO, EQT. “Natural gas offers an immediate path to decarbonize industries in an impactful way. This agreement validates our belief that certified natural gas is a differentiator for customers seeking affordable, reliable and clean energy sources that are produced with the highest of ESG standards.”

EQT's certified natural gas production currently comprises 4.5% of all-natural gas produced in the U.S., making EQT not only the nation's largest natural gas producer, but also the nation's largest producer of certified natural gas.

The use of certified natural gas is gaining increasing interest from major organizations, such as T-Mobile, who value the benefits of clean, reliable, and resilient energy.

“Bloom Energy power will support approximately 20 T-Mobile data centers across multiple states and, more broadly, help us deliver on our commitment to create a more sustainable future by sourcing clean and lower carbon resources for our operations,” said Chad Wilkerson, director of sustainability and infrastructure sourcing, T-Mobile.

This work aligns with Bloom’s gas sector transformation and consistent decarbonization efforts, including the implementation of waste-to-electricity solutions using biogas and the production of low-cost green hydrogen through the integration of concentrated solar and solid oxide electrolyzer technologies.

For more information about the Bloom and the company’s commitment to a zero-carbon future, visit: www.bloomenergy.com/.

About Bloom Energy

Bloom Energy empowers businesses and communities to responsibly take charge of their energy. The company’s leading solid oxide platform for distributed generation of electricity and hydrogen is changing the future of energy. Fortune 100 companies around the world turn to Bloom Energy as a trusted partner to deliver lower carbon energy today and a net-zero future. For more information, visit www.bloomenergy.com.

About EQT

EQT Corporation is a leading independent natural gas production company with operations focused in the cores of the Marcellus and Utica Shales in the Appalachian Basin. We are dedicated to responsibly developing our world-class asset base and being the operator of choice for our stakeholders. By leveraging a culture that prioritizes operational efficiency, technology and sustainability, we seek to continuously improve the way we produce environmentally responsible, reliable and low-cost energy. We have a longstanding commitment to the safety of our employees, contractors, and communities, and to the reduction of our overall environmental footprint. Our values are evident in the way we operate and in how we interact each day – trust, teamwork, heart, and evolution are at the center of all we do. To learn more, visit eqt.com.

Bloom Energy Cautionary Statements

This press release contains certain forward-looking statements, which are subject to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events or our future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as “anticipate,” “believe,” “could,” “estimate,” “expect,” “intend,” “may,” “should,” “will” and “would” or the negative of these words or similar terms or expressions that concern Bloom’s expectations, strategy, priorities, plans or intentions. These forward-looking statements include, but are not limited to, Bloom’s expectations regarding use of responsible fuels and impact on harmful methane emissions; Bloom’s expectations regarding the amount of CO2e emissions that will be avoided as a result of the CTA and Bloom’s products; and the impact of the CTA and Bloom’s products on Bloom’s customers’ efforts to reduce their environmental footprint. Readers are cautioned that these forward-looking statements are only predictions and may differ materially from actual future events or results due to a variety of factors including, but not limited to, the emerging nature of the distributed generation market and rapidly evolving market trends; the ability of the Bloom Energy Server to operate on the fuel source a customer will want; the impact of the COVID-19 pandemic on the global economy and its potential impact on Bloom’s business; Bloom’s reliance upon a limited number of customers; business and economic conditions and growth trends in commercial and industrial energy markets; global economic conditions and uncertainties in the geopolitical environment; overall electricity generation market; and other risks and uncertainties detailed in Bloom’s SEC filings from time to time. More information on potential factors that may impact Bloom’s business are set forth in Bloom’s periodic reports filed with the SEC, including Bloom’s Annual Report on Form 10-K for the year ended on December 31, 2021 as filed with the SEC on February 25, 2022, as well as subsequent reports filed with or furnished to the SEC from time to time. These reports are available on Bloom’s website at www.bloomenergy.com and the SEC’s website at www.sec.gov. Bloom assumes no obligation to, and does not currently intend to, update any such forward-looking statements.

The Investor Relations section of Bloom’s website at investor.bloomenergy.com contains a significant amount of information about Bloom Energy, including financial and other information for investors. Bloom encourages investors to visit this website from time to time, as information is updated and new information is posted.

EQT Cautionary Statements

This news release contains certain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Statements that do not relate strictly to historical or current facts are forward-looking. Without limiting the generality of the foregoing, forward-looking statements contained in this news release include the expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of EQT Corporation and its subsidiaries (collectively, the Company), including projections and expectations regarding the Company’s contract to provide certified, responsibly sourced natural gas to Bloom Energy and the projected emissions reduction opportunities related thereto.

The forward-looking statements included in this new release involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. The Company has based these forward-looking statements on current expectations and assumptions about future events, taking into account all information currently available to the Company. While the Company considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond the Company’s control and which include, but are not limited to, volatility of commodity prices; the costs and results of drilling and operations; uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying production forecasts; the quality of technical data; the Company's ability to appropriately allocate capital and other resources among its strategic opportunities; access to and cost of capital; the Company’s hedging and other financial contracts; inherent hazards and risks normally incidental to drilling for, producing, transporting and storing natural gas, natural gas liquids and oil; cyber security risks; availability and cost of drilling rigs, completion services, equipment, supplies, personnel, oilfield services and water required to execute the Company's exploration and development plans, including as a result of the COVID-19 pandemic; risks associated with operating primarily in the Appalachian Basin and obtaining a substantial amount of the Company's midstream services from Equitrans Midstream; the ability to obtain environmental and other permits and the timing thereof; government regulation or action, including regulations pertaining to methane and other greenhouse gas emissions; negative public perception of the fossil fuels industry; increased consumer demand for alternatives to natural gas; environmental and weather risks, including the possible impacts of climate change; and disruptions to the Company's business due to acquisitions and other strategic transactions. These and other risks and uncertainties are described under Item 1A, “Risk Factors,” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2021 as filed with the SEC, as updated by any subsequent Form 10-Qs, and those set forth in other documents the Company files from time to time with the SEC.

Any forward-looking statement speaks only as of the date on which such statement is made, and the Company does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.


Contacts

Media Contact:
Jennifer Duffourg
480.341.5464
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Bloom Energy Investor Relations:
Ed Vallejo
267.370.9717
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EQT Contact:
Bridget McNie
Director of Communications
412.720.4500
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Water Management Solutions Provider Targets 42% Reduction in Greenhouse Gas Emissions

HILLIARD, Ohio--(BUSINESS WIRE)--Advanced Drainage Systems, Inc. (ADS) (NYSE: WMS) today announced that in celebration of Earth Day, Scott Barbour, President and Chief Executive Officer signed a commitment to pursue Science Based Targets (SBTs) to reduce the Company’s greenhouse gas emissions.

ADS’ commitment to reducing overall greenhouse gas emissions reflects the Company’s broader goal to continue making progress on environmental stewardship initiatives,” Barbour stated. “We are proud to join the more than 2,000 businesses that are working with the Science Based Targets initiative to reduce emissions in line with climate science. I believe this goal fits in perfectly with this year’s Earth Day theme of ‘Invest in our planet’.”

The Science Based Targets initiative is a partnership between the Carbon Disclosure Project, the United National Global Compact, World Resources Institute and the World Wide Fund for Nature. This partnership is working to mobilize the private sector to limit global warming to 1.5°C and prevent the worst effects of climate change. More information can be found at https://sciencebasedtargets.org.

ADS is the second largest plastic recycler in North America, making the Company a natural leader in sustainability initiatives. Today’s announcement is part of a broader set of 10-year sustainability goals the Company issued in January 2022, including a commitment to nearly double its consumption of recycled material to one billion pounds and implementing closed-loop water usage at all manufacturing locations.

At ADS, our reason is water. Our 10-year sustainability goals, highlight our continued commitment to sustainability, including reducing the impact of our energy footprint and safeguarding the land at our sites, while helping to manage the world’s most precious resource, water,” Barbour explained.

More about the company’s 10 Year sustainability goals can be found at: www.sustainability.ads-pipe.com/

Additional information about ADS can be found at: www.adspipe.com

About the Company

Advanced Drainage Systems is a leading provider of innovative water management solutions in the stormwater and on-site septic wastewater industries, providing superior drainage solutions for use in the construction and agriculture marketplace. For over 50 years, the Company has been manufacturing a variety of innovative and environmentally friendly alternatives to traditional materials. Its innovative products are used across a broad range of end markets and applications, including non-residential, residential, infrastructure and agriculture applications. The Company has established a leading position in many of these end markets by leveraging its national sales and distribution platform, overall product breadth and scale and manufacturing excellence. Founded in 1966, the Company operates a global network of 63 manufacturing plants and 32 distribution centers. To learn more about ADS, please visit the Company’s website at www.adspipe.com.


Contacts

Marketing
Tori Durliat
419-424-8275
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Investor Relations
Michael Higgins
614-658-0050
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Breezeline environmental targets are designed to reduce the company’s carbon footprint to protect the environment

QUINCY, Mass.--(BUSINESS WIRE)--Breezeline, formerly Atlantic Broadband, the nation’s eighth-largest cable operator, today announced that the company has begun to deploy electric vehicles (EVs), a key step in its commitment to reduce its operational emissions by 65% by 2030 and achieve net zero emissions by 2050.



The company has deployed the first electric vehicle into what will be a fleet of electric vehicles used by Breezeline sales teams starting this year in New Hampshire and West Virginia, with plans in the coming years to also transition technician vans and trucks to electric. The rear of the vehicles displays the company’s stated commitment of being “On the road to zero emissions.”

According to the Environmental Protection Agency, transportation accounts for the largest portion (27%) of total U.S. greenhouse gas emissions (based on 2020 data). Greenhouse gas emissions, in turn, are a factor in global warming and other negative environmental impacts.

Other Breezeline initiatives designed to reduce the company’s environmental impacts include:

  • Breezeline will use Power Purchase Agreements to generate renewable energy and reduce electricity emissions. The company intends to obtain 100% of its energy consumption from renewable sources by 2030, with an approved science-based emissions reduction target.
  • Breezeline will also reduce its non-operational emissions by 30%. This includes reducing the environmental impact of equipment used in customer homes. New product innovations like IPTV, which Breezeline has recently introduced, relies on equipment that uses a fraction of the energy of traditional set top boxes.
  • Breezeline is also reducing employee commuting hours through the introduction of a FlexWork policy, which became effective this year.

“The greening of our fleet is a key initiative in our long term plan to reduce emissions and to protect the environment,” said Frank van der Post, President of Breezeline. “Our parent company, Cogeco, has led the way through its ongoing commitment to sustainable operations. We are committed to doing the same in our U.S. operations by adopting these emissions reduction targets and seeking improvements that will lead to a sustainable future.”

Cogeco, Breezeline’s parent company, has made care for the environment a key area of focus. The company has been recognized as a leader in sustainability practices and is ranked in the Corporate Knights Global 100 Most Sustainable Companies. The company achieved an “A” score for its 2021 CDP Climate Change response, the only North American telecommunications company on the list (the CDP is a non-profit that runs the global disclosure system for investors, companies, cities, states and regions to manage their environmental impacts). Cogeco, a signatory to the United Nations Global Compact, also was one of only 45 companies globally to receive the inaugural HRH Prince of Wales Terra Carta Seal last year, which recognizes companies committed to the creation of genuinely sustainable markets.

ABOUT BREEZELINETM

Cogeco US, operating as Breezeline, a subsidiary of Cogeco Communications Inc. (TSX: CCA), is the eighth-largest cable operator in the United States. The company provides its residential and business customers with Internet, TV and Voice services in 12 states: Connecticut, Delaware, Florida, Maine, Maryland, New Hampshire, New York, Ohio, Pennsylvania, South Carolina, Virginia and West Virginia. Cogeco Communications Inc. also operates in Québec and Ontario, in Canada, under the Cogeco Connexion name. Cogeco Inc.’s subsidiary, Cogeco Media, owns and operates 23 radio stations serving audiences across the province of Québec, as well as a news agency.


Contacts

Andrew Walton
Breezeline
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API’s membership will focus on enhancing ESG metrics tools for the natural gas and oil industry.

HOUSTON--(BUSINESS WIRE)--#Blockchain--Blockchain for Energy today announced that the American Petroleum Institute (API), will join the consortium. This membership brings a new collaboration with API, the leading trade association representing all segments of the natural gas and oil industry, and whose members produce, process, and distribute much of the nation’s energy. API’s membership will focus on environmental, social and governance issues, as the consortium continues to build and expand its industry grade solutions.


“We are very pleased to welcome our newest member, the American Petroleum Institute, to the consortium,” said Raquel Clement, Chairperson of the Board and Lean Six Sigma Manager at Chevron. “Together we are firmly on our way to a digital future that collaboratively supports and enhances our industry. We welcome their support and direction.”

“The natural gas and oil industry is constantly evolving and continues to invest in, and implement, powerful digital tools such as blockchain, that can be used for transparent and efficient tracking of GHG emissions,” said Aaron Padilla, Director of Corporate Policy at API. “We are pleased to be joining Blockchain for Energy and look forward to working with the consortium on innovative solutions and best practices to advance our ESG goals.”

Developing ESG solutions to lead industry change

This membership supports rapid advancements on environmental and safety progress. By fostering new, decentralized technologies and use cases, Blockchain for Energy enables companies to become more efficient, provide greater operational visibility, and increase profits by employing blockchain technology.

Collaboration sparks opportunity to set new industry standards

The newly formed alliance will support our members by using blockchain technology to develop standards in interoperability and portability. Drawing on knowledge from some of the most experienced industry leaders, the collaboration will lead to enhanced innovation and drive the necessary change as we transition into the new digital era.

Membership shows promise for proactive development

Blockchain for Energy and API are eager to join forces in decision and policy making to develop an efficient, future-proof sector that harnesses blockchain technology. Through collaboration on ESG issues, industry consensus, and proactive development of new technologies, Blockchain for Energy is working to ensure a smooth transition to a low-carbon environment.

About Blockchain for Energy

Utilizing the benefits of blockchain technology, Blockchain for Energy provides its members with the best in industry solutions. They drive digital transformation by providing members a venue to accelerate the digitalization journey to resolve, reinvent, and transform the industry through collective synergies.

Blockchain for Energy is a safe venue to create transformational change – for the energy industry – by the energy industry.

About API

API represents all segments of America’s natural gas and oil industry, which supports more than 11 million U.S. jobs. Its nearly 600 members produce, process, and distribute the majority of the nation’s energy, and participate in API Energy Excellence®, which is accelerating environmental and safety progress by fostering new technologies and transparent reporting. API was formed in 1919 as a standards-setting organization and has developed more than 700 standards to enhance operational and environmental safety, efficiency, and sustainability.


Contacts

Martin Juniper
Blockchain for Energy
713.816.4173
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79 per cent of Canadian homeowners say they are familiar with smart home technology and 4 in 5 (78 per cent) believe smart home technology can reduce their bills by using less electricity according to a new survey by Schneider Electric Canada



MISSISSAUGA, Ontario--(BUSINESS WIRE)--As the cost of living continues to rise, Canadian homeowners are increasingly seeking solutions that help them save on energy, as well as reduce their carbon footprint. New data from a recent study conducted by Schneider Electric, the leader in the digital transformation of energy management and automation, reveals 73 per cent of Canadian homeowners have seen an increase in their electrical bills in the past year, and most are interested in further integrating energy monitoring systems (71 per cent) and smart switches (63 per cent) into their homes to help combat that rise.

Homes and buildings continue to be a significant source of greenhouse gas emissions. After accounting for the electricity used for heating, cooling, lighting, and appliances, they total 18 per cent of national greenhouse gas (GHG) emissions. For Canada to achieve its goal of net-zero emissions, while also encouraging construction of new homes in response the ongoing housing affordability crisis, it is imperative energy solution providers do their part to help homeowners understand and embrace technology aiding us in the fight against climate change.

Encouragingly, the study found Canadian homeowners share this sentiment, with 82 per cent stating they are concerned about how climate change may affect future generations and 3 in 4 (76 per cent) agreeing smart home technology would make it easy to manage energy efficiency. However, while 79 per cent of homeowners are familiar with smart home solutions, less than 1 in 5 (17 per cent) households have currently adopted and integrated the technology.

“Our study found 9 in 10 (89 per cent) Canadian homeowners say it’s important to have energy efficient appliances or devices when buying, building, or renovating a home," said David O'Reilly, Vice President of Home and Distribution at Schneider Electric Canada. “Beyond cost savings, smart home technology, like Square D and Wiser Energy solutions gives Canadian homeowners incredible visibility into their energy usage which in turn gives them increased control over their energy consumption, while offering an effortless way to reduce their personal carbon footprint.”

To help more homeowners take advantage of this emerging technology, Schneider Electric launched a suite of connected living products aimed at addressing the most common demands of Canadian homeowners when shopping for smart home technology including ease of installation and use, long-term durability and sustainability.

Designed to make life easier with the end-user in mind, products such as Schneider Electric’s Square D Wiring Devices appeal to homeowners by saving them energy, while also offering them unprecedented control of their home from an easy-to-use smart phone application. Additionally, these devices incorporate unique and thoughtful design, built to complement any taste or style.

“Encouraging further adoption of smart home technology will not only help households reduce their individual carbon emissions, but also encourage them to reimagine what it means to live sustainably,” said O’Reilly. “With 3 in 5 homeowners agreeing that adopting smart home technology is “the right thing to do” for the environment, Canadians continue to recognize the importance of reducing energy consumption and lessening their environmental impact wherever possible.”

Learn more about Schneider Electric and our smart home solutions here.

About Schneider Electric

Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.

Our mission is to be your digital partner for Sustainability and Efficiency.

We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.

We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.

https://www.se.com/ca/en/

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Survey Methodology

An online quantitative survey was conducted between Nov 30, 2021 and Dec 6, 2021 through the Angus Reid online panel amongst a sample of 1,523 nationally representative Canadian homeowners over the age of 18, offered in both French and English.


Contacts

Media Relations - Edelman on behalf of Schneider Electric, Juan Pablo Guerrero, Phone: +1 416 875 7173, Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

World’s largest vacation ownership business celebrates new solar installations that continue to drive alternative energy across portfolio of vacation ownership resorts

ORLANDO, Fla.--(BUSINESS WIRE)--$TNL #clubwyndham--Wyndham Destinations, the world’s largest vacation ownership business as part of Travel + Leisure Co. (NYSE:TNL), today announced the completion of its latest solar installations and its commitment to further investments in alternative energy.



The company recently turned on solar panels at its Limetree Beach Resort by Club Wyndham in St. Thomas, and is finishing installation at the WorldMark Clear Lake Resort in Nice, Calif., this spring. With the two new resorts online, the company will have an estimated annual solar output of more than nine million kilowatt hours at 19 properties across the U.S. that are powered by more than 18,000 solar panels.

As part of its Environmental, Social, and Governance (ESG) strategy, the company is planning to invest in opportunities to reduce water and energy usage across its portfolio of 245 resorts.

In addition, the company is installing water use reduction and leak detection technologies in guest suites that cut water use on average by 15-17%. Resort staff is working to have this equipment installed in as many as 25% of the Wyndham Destinations managed resort portfolio by the end of 2022.

In the Environmental Sustainability goals published in its 2021 ESG Report, the company is working to drive the following goals:

  • 20% renewable energy consumption of total electricity at our managed resorts by 2030
  • 40% reduction in greenhouse gas emissions by 2025 from a 2010 baseline
  • 35% reduction in water withdrawal per square foot by 2025 from a 2010 baseline

“In partnership with our home owners associations, we’re investing in environmentally sustainable operations to protect the beautiful destinations our members enjoy visiting,” said Geoff Richards, chief operating officer of Wyndham Destinations. “As a part of our responsible operations, we place a high value on protecting the environment and communities in which we live and operate.”

Wyndham Destinations’ vacation club resorts offer a more comfortable way to travel, with most suites featuring multiple bedrooms, fully equipped kitchens and relaxed living spaces. Guests who stay at Wyndham Destinations resorts will experience all the comforts and amenities of home while living their bucket lists – and, with 95% of the U.S. population living within 300 miles of nearly 200 Wyndham Destinations resorts, finding home-away-from-home accommodations in sought-after destinations is easier than ever.

About Wyndham Destinations

Wyndham Destinations is the world’s largest vacation ownership business with more than 245 vacation club resorts around the world that offer a contemporary take on the timeshare model. The brand portfolio -- featuring Club Wyndham®, WorldMark® by Wyndham, Margaritaville Vacation Club® by Wyndham, and Shell Vacations Club -- offers travelers the chance to own their vacation and explore places they’ve never visited before, year after year. More than 850,000 owners enjoy stays in a home away from home, featuring spacious suites with separate bedrooms, fully-equipped kitchens, living and dining areas, as well as resort-style amenities and services. Wyndham Destinations is part of Travel + Leisure Co. (NYSE:TNL). Learn more at WyndhamDestinations.com.


Contacts

Steven Goldsmith
Wyndham Destinations
(407) 626-3830
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RICHMOND, Va.--(BUSINESS WIRE)--Afton Chemical is pleased to announce its latest development in diesel fuel detergent technology, Greenclean™ 3, now available in North America. This powerful, innovative technology builds on the successful and recognized first-generation Greenclean™ platform. With its more robust detergent system, Greenclean™ 3 will continue to enhance the operation of heavy-duty fleets and off-road equipment that contain the latest engine technology and emission control devices.


Greenclean™ 3 Detergent Technology benefits include protection from both traditional deposits and internal injector deposits, enhanced filterability, improved stability, reduction in emissions, and improved fuel economy. This new platform also incorporates other additive combinations to address performance needs such as lubricity, cetane, and cold flow improvers to minimize the complexity of handling multiple additives.

Roman Olini, Americas Commercial Vehicle Marketing Manager, credited Afton’s extensive industry experience in developing this latest generation of Greenclean™ Detergent Technology. “We developed this platform building on Afton's long legacy of technical expertise and real-world experience in the diesel fuel segment. We are proud to launch an efficient new product line that maintains the strengths of our current technology while continuing to deliver optimal performance in all segments of the commercial vehicle space,” he said.

Tim Brennan, Fuels Technical Services Manager, said, “This new detergent system has been proven in the United States, under real-world conditions validating very robust fuel economy benefits.”

About Afton Chemical Corporation:

Afton Chemical Corporation is part of the NewMarket Corporation (NYSE: NEU) family of companies. Afton Chemical Corporation uses its formulation, engineering and marketing expertise to help their customers develop and market fuels and lubricants that reduce emissions, improve fuel economy, extend equipment life, improve operator satisfaction and lower the total cost of vehicle and equipment operation. Afton Chemical Corporation develops and sells an extensive line of unique additives for gasoline and distillate fuels, driveline fluids, engine oils and industrial lubricants. Afton Chemical Corporation supports global operations through regional headquarters located in Asia Pacific, EMEAI, Latin America and North America. Afton Chemical Corporation is headquartered in Richmond, Virginia. For more information, visit www.aftonchemical.com.

Greenclean™ and Greenclean™ 3 are trademarks owned by Afton Chemical Corporation.

Cautionary Note Regarding Forward-Looking Statements:

Some of the information contained in this press release constitutes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements regarding the benefits of the company’s manufacturing expansion and statements about the company’s long-term global growth plans. Although NewMarket’s management believes its expectations are based on reasonable assumptions within the bounds of its knowledge of its business and operations, there can be no assurance that actual results will not differ materially from expectations.

Factors that could cause actual results to differ materially from expectations include, but are not limited to, the availability of raw materials and distribution systems; disruptions at production facilities, including single-sourced facilities; hazards common to chemical businesses; the ability to respond effectively to technological changes in our industry; failure to protect our intellectual property rights; sudden or sharp raw material price increases; competition from other manufacturers; current and future governmental regulations; the gain or loss of significant customers; failure to attract and retain a highly-qualified workforce; an information technology system failure or security breach; the occurrence or threat of extraordinary events, including natural disasters; terrorist attacks and health-related epidemics such as the COVID-19 pandemic; risks related to operating outside of the United States; political, economic, and regulatory factors concerning our products; our inability to realize expected benefits from investment in our infrastructure or from recent or future acquisitions, or our inability to successfully integrate recent or future acquisitions into our business; and other factors detailed from time to time in the reports that NewMarket files with the Securities and Exchange Commission, including the risk factors in Item 1A. “Risk Factors” of our 2021 Annual Report on Form 10-K, which is available to shareholders upon request.

You should keep in mind that any forward-looking statement made by NewMarket in the foregoing discussion speaks only as of the date on which such forward-looking statement is made. New risks and uncertainties arise from time to time, and it is impossible for us to predict these events or how they may affect the company. We have no duty to, and do not intend to, update or revise the forward-looking statements in this discussion after the date hereof, except as may be required by law. In light of these risks and uncertainties, you should keep in mind that the events described in any forward-looking statement made in this discussion, or elsewhere, might not occur.


Contacts

Americas: Lauren Packard on +1 804 788 6081 or This email address is being protected from spambots. You need JavaScript enabled to view it.

  • The ASCO Power Digital Hub will be at Innovation Days: Permian Basin 2022 to present its latest critical power innovations
  • The display showcases ASCO Critical Power Products through the multimedia tools in its Digital Hub
  • Attendees can see the value of ASCO backup power solutions for critical oil and gas operations

FLORHAM PARK, N.J.--(BUSINESS WIRE)--ASCO Power Technologies, the world’s leading provider of critical power solutions, will highlight its latest innovations at the Schneider Electric Innovation Days: Permian Basin in April. Attendees can meet seasoned ASCO experts and participate in ASCO’s multimedia Digital Hub experiences to learn about the value of ASCO's critical power solutions for oil and gas facilities.


The event will be held on April 26 and 27, 2022, from 8 AM to 4 PM at Odessa College in Odessa, Texas. It will highlight solutions for enhancing power continuity to increase productivity, reduce downtime, and reduce operating costs. Attendees can meet ASCO Power experts who can help solve power challenges for oil and gas producers and see multimedia presentations about ASCO solutions through its Digital Hub.

Visiting the Digital Hub enables oil industry professionals to see ASCO Power's offerings from transfer switches and industrial control products to onsite service solutions. The Hub’s Interactive 3D Facilities enable attendees to virtually see inside operating ASCO equipment and learn how ASCO solutions improve power reliability and streamline compliance. Its Video Library presents summaries, FAQs, and expert perspectives on critical power topics. Attendees can operate ASCO critical power equipment virtually and see power devices in operation to learn how ASCO solves backup power challenges.

By visiting the ASCO exhibit, members can:

  • Learn about the latest ASCO technologies, products, solutions, and applications
  • Get a closer look at backup power equipment through virtual experiences and 360-degree videos of customer installations
  • Network with ASCO experts and industry peers to solve industry challenges
  • Explore next-generation solutions that enhance power availability and improve operations

Visit the Innovation Days: Permian Basin 2022 page for event details.

ASCO critical power solutions are backed by technology, support, and service that are unmatched in the industry. Visit www.ascopower.com or contact an ASCO representative to learn more about ASCO products and services.

About ASCO Power Technologies

ASCO Power Technologies has provided power reliability solutions for more than 125 years. The firm designs, manufactures, services, and supports automatic transfer switches, power control equipment, load banks, and critical power management appliances. ASCO products serve mission-critical functions in data centers, healthcare facilities, telecommunication networks, commercial buildings, and industrial operations. To learn more about any of ASCO’s premium products and services, call (800) 800 ASCO (2726), email This email address is being protected from spambots. You need JavaScript enabled to view it., or visit www.ascopower.com. To receive updates on the latest news and updates, follow ASCO’s Facebook and LinkedIn.


Contacts

Laurence Grodsky
+ 1 973 307 7352
This email address is being protected from spambots. You need JavaScript enabled to view it.

Agreement will result in a lump sum turnkey contract with liquidated damages, signaling confidence in commercial feasibility for the world’s most deeply negative carbon footprint liquid fuels plant.

COLUMBIA, La.--(BUSINESS WIRE)--Strategic Biofuels, the leader in developing deeply negative carbon footprint renewable fuels plants, announced today that it has finalized its partnership with leading engineering, procurement and construction (EPC) firm, Koch Project Solutions (KPS) a subsidiary of Koch Engineered Solutions, for their Louisiana Green Fuels (LGF) Project in Caldwell Parish, Louisiana. The companies have agreed that KPS will construct the renewable fuels plant on a lump sum turnkey basis with parent company backed guarantees with liquidated damages for performance and schedule delays. KPS will be responsible for constructing, commissioning, and startup of this facility which will produce the world’s lowest carbon footprint liquid fuel.


“Koch Project Solutions is excited to continue our work with Strategic Biofuels,” said Antoine Schellinger, senior vice president of corporate development for Koch Project Solutions. “We are confident in Strategic Biofuels’ ability to bring innovative solutions to market. We look forward to helping move the Louisiana Green Fuels project forward.”

With this agreement, Strategic Biofuels further solidifies a strong team of industry leaders. KPS has served in a Project Management role for the LGF Project since its inception in late 2020 and has substantially contributed to the Project’s rapid achievement of major project milestones. Last month, Strategic Biofuels announced that LGF had moved into the Front End Engineering Design (FEED) or FEL-3 phase of engineering. Upon completion of FEED, expected in the first quarter of 2023, KPS will provide Strategic Biofuels with a Lump Sum Turnkey price for the plant which will allow Strategic Biofuels to secure project financing and begin construction.

Once in operation the project will convert forestry waste feedstock into cleaner-burning renewable diesel producing approximately 34 million gallons of renewable fuel per year. The project achieves its negative carbon footprint through carbon capture and sequestration (CCS), renewable power, and forestry waste feedstocks. The LGF plant’s emission for production of its renewable diesel represents a reduction in greenhouse gas emissions of approximately 400% relative fossil diesel fuel and is the equivalent of removing about a quarter of a million cars from the road.

“Achieving this agreement with Koch further demonstrates our shared goal and commitment to ushering in a new wave of commercial carbon capture projects, changing the industry by offering cleaner solutions, and ultimately pushing the boundaries of what is commercially scalable,” said Dr. Paul Schubert, chief executive officer of Strategic Biofuels. “We are tremendously proud of what has been accomplished to-date and know that the invaluable experience and innovative solutions the Koch team brings to the table will have a lasting impact as we move forward together to bringing our revolutionary plant online.”

For more information about Strategic Biofuels or the Louisiana Green Fuels project, visit: www.strategicbiofuels.com.

About Strategic Biofuels

Strategic Biofuels LLC is a team of energy, petrochemical and renewable technology experts focused on developing a series of deeply negative carbon footprint plants in northern Louisiana that convert waste materials from managed forests into renewable diesel fuel and renewable naphtha. The fuel qualifies for substantial Carbon Credits under the Federal Renewable Fuel Standard Program and under the California Low Carbon Fuels Standard.

About Louisiana Green Fuels

Louisiana Green Fuels is the first project by Strategic Biofuels LLC in Northern Louisiana at the Port of Columbia in Caldwell Parish. The plant and its accompanying Class VI Carbon Capture and Sequestration (CCS) Well will be the first renewable diesel project in North America to achieve deeply “negative” carbon emissions. The feedstock for the plant is forestry waste from managed and sustainable forests.

About Koch Project Solutions

Koch Project Solutions strives to be the preferred partner for capital project execution. Built on a foundation of safety, Koch Project Solutions partners with project owners to develop customized execution and contracting strategies designed to maximize the return on investment. Koch Project Solutions is a part of Koch Engineered Solutions providing world-class services and technologies broadly across industrial sectors. Superior Outcomes. Consistently Delivered. Learn more at our website: www.kochprojectsolutions.com.


Contacts

Hunter Dodson
713-627-2223
This email address is being protected from spambots. You need JavaScript enabled to view it.

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