NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (NYSE:CLH), the leading provider of environmental and industrial services throughout North America, will host its third-quarter 2020 conference call on Wednesday, November 4, 2020 at 9:00 a.m. ET.

On the call, Chairman, President and Chief Executive Officer Alan S. McKim, Executive Vice President and Chief Financial Officer Michael L. Battles, and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.

Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881. Please dial in at least 10 minutes prior to the start of the call. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.

About Clean Harbors

Clean Harbors (NYSE:CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.

Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
781.792.5100
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DUBLIN--(BUSINESS WIRE)--The "Drilling and Completion Fluids Market - Growth, Trends, and Forecast (2020-2025)" report has been added to ResearchAndMarkets.com's offering.

The drilling and completion fluids market is expected to register a CAGR of over 5% during the forecast period of 2020-2025

Factors, such as increase in the number of drilling operations in Europe, North America, and Middle East are expected to drive the demand for the drilling and completion fluids market. Additionally, development of shale and deep-water and ultra-deepwater fields is expected to drive the market for drilling and completion fluids. However, the volatile oil prices over the recent period, owing to the supply-demand gap, geopolitics, and several other factors, are restraining the market's growth.

The onshore segment accounted for the maximum market share in the market in 2018. Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of the global oil production.

• With wells being drilled farther away from land and into the sea, primarily drilled deeper than before, there is an increasing demand for drilling and completion fluids. The total rig count increased by 18% from 933 in beginning of 2017 to 1,104 by the end of 2019. During the same period, the offshore rig count increased by 24% from 206 to 257.
• North America is the largest market for drilling and completion fluids, accounting for over 40% of the market share. Moreover, it is expected to be the fastest growing market over the forecast period mainly due to the development of shale plays.

Key Market Trends

Onshore to Dominate the Market

Onshore drilling encompasses all the drilling sites located on dry land and accounts for 70% of the global oil production. Onshore drilling is similar to offshore drilling but without the difficulty of deep water between the platform and the oil.

• The demand for oil and gas has always been increasing, and this resulted in an increase of drilling activities around the world in an effort to discover new fields. This, in turn, resulted in an increase in the demand for drill collars.
• Currently, the wells are being drilled deeper, and they are more complex than before. This is expected to drive the drill collar market's growth.
• In 2019, ONGC announced that it allotted INR 6,000 crore for drilling 200 wells over the next seven years in Assam, to increase the output from the state. The wells are expected to be drilled during the next seven years.
• Hence, new investment in the onshore oil and gas industry, increasing exploration of unconventional resources, and the crude oil price stability are expected to increase the demand for drill collar across the world.

North America to Dominate the Market

• North America is expected to dominate the drilling and completion fluids market, and it is expected to witness significant growth over the forecast period.
• In North America, the offshore oil and gas projects are becoming more competitive, owing to improving efficiencies and tightening of the supply chain, which led to declining costs of offshore drilling. For example, prior to 2014, a deepwater well in the Gulf of Mexico used to cost about USD 200 million to drill. As of 2017, drilling a deepwater well in the same region costs between USD 10-50 million.
• In terms of policy support, 2017 witnessed some positive developments. The tax overhaul plan drastically increased the fiscal competitiveness of the offshore projects in the Gulf of Mexico, relative to other offshore basins. Additionally, the Trump administration announced to uplift the ban on offshore drilling off the coasts of Florida and California. The administration is considering more than 40 sites for the leasing of natural gas and oil production.
• Furthermore, the recent development of shale plays, horizontal drilling, and fracking resulted in a massive increase in the demand for drilling and completion fluids in the country.
• Therefore, factors, such as rising offshore oil and gas investments, along with the development of shale plays in the region, are expected to drive the drilling and completion fluids market's growth over the forecast period.

Competitive Landscape

The drilling and completion fluids market is moderately fragmented, with numerous small and big companies operating in the market. The key players in this market include Schlumberger Limited, Baker Hughes Company, Halliburton Company, CES Energy Solutions Corp., Tetra Technologies and Scomi Energy Services BHD, among others.

Key Topics Covered:

1 INTRODUCTION

2 EXECUTIVE SUMMARY

3 RESEARCH METHODOLOGY

4 MARKET OVERVIEW

4.1 Introduction

4.2 Market Size and Demand Forecast in USD billion, till 2025

4.3 Onshore and Offshore Active Rig Count, till July 2020

4.4 Historic and Demand Forecast of Upstream CAPEX in USD billion, by Onshore and Offshore, 2017-2025

4.5 Historic and Demand Forecast of Offshore CAPEX in USD billion, by Water Depth, 2017-2025

4.6 Historic and Demand Forecast of Offshore CAPEX in USD billion, by Region, 2017-2025

4.7 Major Upcoming Upstream Projects

4.8 Recent Trends and Developments

4.9 Market Dynamics

4.9.1 Drivers

4.9.2 Restraints

4.10 Supply Chain Analysis

4.11 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Onshore

5.1.2 Offshore

5.2 Fluid Type

5.2.1 Water-based

5.2.2 Oil-based

5.2.3 Other Fluid Types

5.3 Well Type

5.3.1 Conventional

5.3.2 HPHT

5.4 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Strategies Adopted by Leading Players

6.3 Company Profiles

6.3.1 Baker Hughes Company

6.3.2 CES Energy Solutions Corp.

6.3.3 Chevron Phillips Chemical Company LLC

6.3.4 Halliburton Company

6.3.5 Newpark Resources Inc.

6.3.6 Schlumberger Limited

6.3.7 Tetra Technologies Inc.

6.3.8 Weatherford International PLC

6.3.9 National Oilwell Varco Inc.

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

For more information about this report visit https://www.researchandmarkets.com/r/zeh10x.

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SANTIAGO & LONDON--(BUSINESS WIRE)--Highview Power, a global leader in long duration energy storage solutions, has entered into a joint venture agreement with Energía Latina S.A.-Enlasa, the largest backup power generation provider in Chile, to co-develop giga-scale cryogenic energy storage projects in Chile and other Latin American markets.

“We are excited to work with Enlasa to bring Highview’s technology to Chile,” said Javier Cavada, CEO and President of Highview Power. “Together, our two companies can harness the growing deployment of renewables in Chile and across Latin America and bring renewable baseload power to the region, all without the geographic constraints associated with other energy storage technologies.”

The joint venture, named Highview Enlasa, will help to open Latin American energy markets to baseload renewable energy potential. Highview Power’s long duration energy storage system, paired with renewable energy sources, are equivalent in performance to thermal and nuclear power. CRYOBatteries are developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power.

“Enlasa is very committed to sustainability and through our partnership with Highview Power we are on the leading edge of providing innovative energy storage solutions to Latin America,” said Rodrigo Sáez, CEO of Enlasa. “Highview Power’s cryogenic technology is the optimal solution to provide the large scale, long duration energy storage that is needed to balance the grid as more solar and wind power come online.”

Chile has one of the best solar irradiations of the world and the deployment of solar power together with the national decarbonization strategy require long duration energy storage to provide the needed energy balance to achieve a sustainable grid. Other Latin America markets have similar initiatives, and a CRYOBattery™ plant in Chile will serve as a great business case for the region.

About Highview Power

Highview Power is a designer and developer of the CRYOBattery™, a proprietary cryogenic energy storage system that delivers reliable and cost-effective long duration energy storage to enable a 100 percent renewable energy future. Its proprietary technology uses liquid air as the storage medium and can deliver anywhere from 20 MW/100 MWh to more than 200 MW/2 GWh of energy and has a lifespan over 30 years. Developed using proven components from mature industries, it delivers pumped-hydro capabilities without geographical constraints and can be configured to convert waste heat and cold to power. For more information, please visit: http://www.highviewpower.com.

About Enlasa

Energía Latina S.A. -Enlasa is an energy generation company with more than 12 years of history. Until now our business model has been mainly oriented to provide backup power to the National Grid making available flexible/fast response units to the system, providing grid security in case of contingencies or unavailability in the transmission facilities. Energía Latina S.A. is an open joint-stock company and the parent company of a corporate conglomerate. Its affiliate Enlasa Generación Chile S.A. owns the historical generation assets.

http://www.enlasa.com

Media Contact Highview Power:
Wendy Prabhu, Mercom Communications
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+1 512 215 4452

- Conference Call to Follow at 4:30 p.m. ET/3:30 p.m. CT –

AMES, Iowa--(BUSINESS WIRE)--$REGI #REG--Renewable Energy Group, Inc. (NASDAQ:REGI) today announced that it will release financial results for the third quarter 2020 after the market close on Thursday, November 5, 2020. An investor conference call will follow at 4:30 p.m. ET/3:30 p.m. CT. The call will be hosted by Cynthia (CJ) Warner, President and Chief Executive Officer, and Chad Stone, Chief Financial Officer.

Investors in the U.S. interested in participating in the live call should dial 1-800-709-0218 and provide conference ID 21971208 to the operator. Those calling from outside the U.S. should dial 1-416-981-9037 and provide conference ID 21971208 to the operator. A telephone replay will be available one hour after the call concludes through November 12, 2020 by dialing from the U.S. 1-844-512-2921, or from international locations 1-412-317-6671 and entering the passcode 21971208.

A simultaneous live webcast will be available on the Investor Relations section of the Company's website at http://investor.regi.com/. The webcast will be archived on the website for six months.

About Renewable Energy Group

Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry's transition to sustainability by transforming renewable resources into high quality, cleaner fuels. REG is North America’s largest producer of biodiesel and an industry leading producer of renewable diesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes a global integrated procurement, distribution and logistics network to operate 13 biorefineries in the U.S. and Europe. In 2019, REG produced 495 million gallons of cleaner fuel delivering over 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.

Investor Relations:
Renewable Energy Group
Todd Robinson
Treasurer
+1 (515) 239-8048
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TORONTO--(BUSINESS WIRE)--DREAM HARD ASSET ALTERNATIVES TRUST (TSX:DRA.UN) (“Dream Alternatives” or the “Trust”) today announced its October 2020 monthly distribution in the amount of 3.333 cents per Unit (40 cents annualized). The October distribution will be payable on November 13, 2020 to unitholders of record as at October 30, 2020.

Dream Alternatives is a real estate impact investing vehicle that targets projects that create positive and lasting impacts on communities and the environment, while achieving market returns. Dream Alternatives provides investors with access to an exceptional portfolio of real estate development and income properties that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of the Trust are to provide investors with a portfolio of high-quality real estate development opportunities and alternative assets that generate both strong financial returns and provide positive social and environmental impacts in our communities; balance growth and stability of the portfolio, increasing cash flow, unitholders' equity and NAV over time; and provide predictable cash distributions to unitholders on a tax-efficient basis. For more information, please visit: www.dreamalternatives.ca

DREAM HARD ASSET ALTERNATIVES TRUST
Meaghan Peloso
Chief Financial Officer
(416) 365-6322
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Kimberly Lefever
Director, Investor Relations
(416) 365-6339
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NEW YORK--(BUSINESS WIRE)--#offshorewind--Today, Equinor submitted bids into New York’s second offshore wind solicitation, building on its strong commitment to deliver renewable energy to the Empire State. In keeping with New York’s commitment to a just energy transition Equinor would provide large investments in economically disadvantaged communities.

Equinor submitted its proposals to the New York State Energy Research and Development Authority (NYSERDA) in response to the state’s most recent solicitation requesting proposals for up to 2,500 megawatts of offshore wind and a multi-port infrastructure investment plan.

“The U.S. offshore wind industry is poised for expansion and we are passionate about creating substantial value in the New York market,” said Siri Espedal Kindem, President Equinor Wind U.S. “These proposals include significant new benefits for New York – from workforce training, economic development, and community benefits – alongside a tremendous amount of homegrown, renewable energy. We look forward to building on our collective success in New York together.”

Equinor has offered bids including two projects, “Empire Wind Phase 2” and “Beacon Wind,” which together have the potential to power more than one million homes and generate more than 3,000 new jobs for New York State. This latest announcement builds on the success of Empire Wind Phase 1, an 816 MW winning bid in 2019 that is currently under development, and further demonstrates the company’s position as a leader in the U.S. offshore wind industry and a major player in advancing New York’s ambitious renewable energy agenda.

Equinor’s projects will help achieve New York’s nation-leading renewable energy goals and enable the region to “build back better,” supporting the state’s economic rebound and strengthening economically disadvantaged communities.

Equinor plans to use the South Brooklyn Marine Terminal for construction activities and its operations and maintenance (O&M) base going forward. The proposals include plans for manufacturing offshore wind components upstate at the Port of Coeymans and the Port of Albany. In addition, Equinor is advancing efforts to address environmental justice and support disadvantaged communities, basing many of the project’s investments in these underserved communities.

Equinor’s investments are an extension of its company-wide commitment to ensuring that its activities create lasting value for local communities through its business activities, including direct and indirect local employment, procurement, and social investments.

New York State has a goal to secure 70 percent of its electricity from renewable energy by 2030, and at least 9,000 megawatts of offshore wind by 2035. The state has indicated it will notify awards for the solicitation during Q4 2020.

In September 2020, BP and Equinor announced that they have formed a strategic partnership for offshore wind in the U.S., and that BP will be a 50% non-operating partner in the Empire Wind and Beacon Wind assets on the U.S. East Coast. The transaction is expected to close in early 2021.

About Equinor

Equinor is developing into a broad energy company, building a material position in renewable energy. Equinor now powers more than one million European homes with renewable offshore wind from four projects in the United Kingdom and Germany. Equinor commissioned the world’s first floating offshore wind farm in 2017 off the coast of Scotland. In the U.S., Equinor holds two lease areas, the Empire Wind lease located approximately 20 miles south of Long Island and the Beacon Wind lease area 60 miles off the coast of Long Island.

Key Facts

Empire Wind:

• Empire Wind Phase 1 & 2 are located in an 80,000-acre lease area that was acquired in 2017.
• Extends 15 to 30 miles southeast of Long Island.
• Covers water depths between 65 and 131 feet.

Beacon Wind:

• Acquired in 2019, Beacon Wind is a 128,000-acre lease area located approximately 20 miles south of Massachusetts and 60 miles east of New York.
• Covers water depths between 120 and 200 feet.

Media:
Eskil Eriksen, Media Relations
+47 958 82 534 (mobile)

LONDON--(BUSINESS WIRE)--#naturalgas--The Natural Gas Utilities market will register an incremental spend of about USD 259 billion, growing at a CAGR of 5.11% during the five-year forecast period. A targeted strategic approach to Natural Gas Utilities sourcing can unlock several opportunities for buyers. This report also offers market impact and new opportunities created due to the COVID-19 pandemic. Request free sample pages

Key benefits to buy this report:

• What are the market dynamics?
• What are the key market trends?
• What are the category growth drivers?
• What are the constraints on category growth?
• Who are the suppliers in this market?
• What are the demand-supply shifts?
• What are the major category requirements?
• What are the procurement best practices in this market?

Information on Latest Trends and Supply Chain Market Information Knowledge centre on COVID-19 impact assessment

SpendEdge's reports now include an in-depth complimentary analysis of the COVID-19 impact on procurement and the latest market data to help your company overcome sourcing challenges. Our Natural Gas Utilities market procurement intelligence report offers actionable procurement intelligence insights, sourcing strategies, and action plans to mitigate risks arising out of the current pandemic situation. The insights offered by our reports will help procurement professionals streamline supply chain operations and gain insights into the best procurement practices to mitigate losses.

Insights into buyer strategies and tactical negotiation levers:

Several strategic and tactical negotiation levers are explained in the report to help buyers achieve the best prices for Natural Gas Utilities market. The report also aids buyers with relevant Natural Gas Utilities pricing levels, pros and cons of prevalent pricing models such as volume-based pricing, spot pricing, and cost-plus pricing and category management strategies and best practices to fulfil their category objectives.

For more insights on buyer strategies and tactical negotiation levers Click Here

To access the definite purchasing guide on the Global Natural Gas Utilities that answers all your key questions on price trends and analysis:

• Am I paying/getting the right prices? Is my Natural Gas Utilities TCO (total cost of ownership) favorable?
• How is the price forecast expected to change? What is driving the current and future price changes?
• Which pricing models offer the most rewarding opportunities?

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Some of the top Global Natural Gas Utilities suppliers listed in this report:

This Global Natural Gas Utilities procurement intelligence report has enlisted the top suppliers and their cost structures, SLA terms, best selection criteria, and negotiation strategies.

• Centrica Plc
• The Hong Kong and China Gas Co. Ltd.
• Daigas Group
• Naturgy Energy Group SA
• Sempra Energy
• UGI Corp.
• PG&E Corp.
• Tokyo Gas Co. Ltd.
• Atmos Energy Corp.
• NiSource Inc.

This procurement report helps buyers identify and shortlist the most suitable suppliers for their Global Natural Gas Utilities requirements by answering the following questions:

• Am I engaging with the right suppliers?
• Which KPIs should I use to evaluate my incumbent suppliers?
• Which supplier selection criteria are relevant for?
• What are the natural gas utilities category essentials in terms of SLAs and RFx?

Get access to regular sourcing and procurement insights to our digital procurement platform- Contact Us.

Table of Content

Executive Summary

Market Insights

Category Pricing Insights

Cost-saving Opportunities

Best Practices

Category Ecosystem

Category Management Strategy

Category Management Enablers

Suppliers Selection

Suppliers under Coverage

US Market Insights

Category scope

Appendix

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CHANDLER, Ariz.--(BUSINESS WIRE)--Rogers Corporation (NYSE:ROG) plans to announce third quarter 2020 results on October 29 after market close, which will be followed by a conference call at 5:00 pm ET. The call will be hosted by Bruce Hoechner, President and CEO, who will be joined by Mike Ludwig, SVP and CFO, and Bob Daigle, SVP and CTO.

A live webcast and slide presentation will be available under the investors section of www.rogerscorp.com. To participate, please dial 1-800-574-8929 from the US, or 1-973-935-8524 from outside the US. The passcode for the live teleconference is 9474445.

About Rogers Corporation

Rogers Corporation (NYSE:ROG) is a global leader in engineered materials to power, protect, and connect our world. With more than 180 years of materials science experience, Rogers delivers high-performance solutions that enable the company’s growth drivers-- advanced connectivity and advanced mobility applications, as well as other technologies where reliability is critical. Rogers delivers Power Electronics Solutions for energy-efficient motor drives, e-Mobility and renewable energy; Elastomeric Material Solutions for sealing, vibration management and impact protection in mobile devices, transportation interiors, industrial equipment and performance apparel; and Advanced Connectivity Solutions for wireless infrastructure, automotive safety and radar systems. Headquartered in Arizona (USA), Rogers operates manufacturing facilities in the United States, China, Germany, Belgium, Hungary, and South Korea, with joint ventures and sales offices worldwide.

Investor contact:
Steve Haymore
Phone: 480.917.6026
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NEW YORK--(BUSINESS WIRE)--Global energy software provider Smarter Grid Solutions (SGS) is driving its ambitious product program forward with the appointment of Euan Davidson to Chief Technology Officer (CTO).

SGS’s software solutions connect clean energy producers and low carbon technologies to the grid, helping grid operators tackle the climate emergency and moving the grid and the market towards net zero carbon emissions.

Based in Glasgow, Euan will take a lead role in advancing its Distributed Energy Resource Management System (DERMS) software products to meet the demand of Distributed Energy Resource (DER) customers. This includes energy asset owners, energy as a service providers, virtual power plant operators and system operators.

The new role will see him develop SGS’s product range and drive new business with energy asset operator, distribution wires utility and microgrid customers. He will also look at broadening the application of SGS’s products to a wider set of value streams in smart, clean and resilient energy systems.

Since joining SGS in 2012 as its first R&D engineer, Euan has contributed to the delivery of the firm’s research, product, system delivery and market strategies. He has led significant projects, including SGS’s first product delivery in Germany.

Brent Marshall, CEO at Smarter Grid Solutions said: “We are currently working towards an ambitious program of product releases to meet the needs of our markets and customers. Euan not only possesses the deep technical expertise to pursue world-class solutions, but has a vision which aligns with our technology and product roadmaps.

“We have already enabled the management of over 425 MW of DER and delivered over €200 million of savings to our customers worldwide. We aim to have a total 3GW of clean energy assets under control in 2021 and Euan’s work will be instrumental in achieving this.”

Euan Davidson, CTO at Smarter Grid Solutions said: “It's an exciting time to be taking the reins on technology development at such an innovative company. Right now the climate emergency is of utmost importance and we are carrying out essential work to decarbonize and balance grid supply and demand.

“We are going through an extraordinary period of growth, reaching new markets including Canada and India. I am excited to lead SGS’s range of DERMS solutions and continue to deliver green energy innovation to our customers on a global scale.”

ENDS

Jasmine Geddes
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DALLAS & AUSTIN, Texas--(BUSINESS WIRE)--Pioneer Natural Resources Company (NYSE:PXD) ("Pioneer" or "the Company") and Parsley Energy, Inc. (NYSE:PE) (“Parsley”) today announced that they have entered into a definitive agreement under which Pioneer will acquire all of the outstanding shares of Parsley in an all-stock transaction valued at approximately $4.5 billion as of October 19, 2020. Under the terms of the agreement, Parsley shareholders will receive a fixed exchange ratio of 0.1252 shares of Pioneer common stock for each share of Parsley common stock owned. The total value for the transaction, inclusive of Parsley debt assumed by Pioneer, is approximately $7.6 billion.

Scott D. Sheffield, Pioneer’s President and CEO stated, “This transaction creates an unmatched independent energy company by combining two complementary and premier Permian assets, further strengthening Pioneer’s leadership position within the upstream energy sector. Parsley’s high-quality portfolio in both the Midland and Delaware Basins, when added to Pioneer’s peer-leading asset base, will transform the investing landscape by creating a company of unique scale and quality that results in tangible and durable value for investors.

This combination is expected to drive annual synergies of $325 million and to be accretive to cash flow per share, free cash flow per share, earnings per share and corporate returns beginning in the first year, creating an even more compelling investment proposition. Further, Pioneer’s emphasis on environmental stewardship aligns with Parsley’s culture of sustainable operations. The addition of Parsley’s high-quality assets enhances Pioneer’s investment framework by improving our free cash flow profile and strengthening our ability to return capital to shareholders. We look forward to integrating Parsley into Pioneer and continuing our history of strong execution.”

Matt Gallagher, Parsley's President and CEO stated, “The combination of Parsley and Pioneer creates an organization set to thrive as we forge a strong new link at the low end of the global cost curve. With neighboring acreage positions located entirely in the low-cost, high-margin Permian Basin, the industrial logic of this transaction is sound. Furthermore, the Pioneer team shares our belief that a clear returns-focused mindset is the best tool to compete for capital within the broader market. Sustainable free cash flow and growing return of capital are now investment prerequisites for the energy sector and this combination strengthens those paths for our shareholders. Finally, I would like to personally thank every employee of Parsley Energy for their role in the evolution of this company – from operating a few dozen vertical wells in 2008 to a global leadership position in E&P operations today.”

S. Wil VanLoh, Jr., a Parsley director and the Founder and Chief Executive Officer of Quantum Energy Partners, Parsley’s largest shareholder, commented, “The inevitable consolidation in the Permian marches on and I couldn’t think of a better combination of assets than Pioneer and Parsley. This combination will provide Parsley shareholders new structural advantages including a lower cost of capital, a fortified balance sheet, economies of scale, and enhanced ESG capabilities, while amplifying all of the relative strengths of our standalone model. We look forward to partnering with the Pioneer team as they cement their position as the premier independent E&P.”

Strategic and Financial Benefits

• Accretive to Key Financial Metrics– Pioneer expects the transaction to be accretive on key financial metrics including cash flow and free cash flow per share, earnings per share and return on capital employed beginning in 2021. The enhanced cash flow generation of the combined company strengthens Pioneer’s investment framework creating a more robust free cash flow profile while lowering the reinvestment rate to a range of 65% to 75% at strip pricing.

• Significant Synergies – The combination of Pioneer and Parsley is expected to result in annual cost savings of approximately $325 million through operational efficiencies and reductions in general and administrative (G&A) and interest expenses. The expected present value of these cost savings exceeds $2 billion over a ten-year period. Operational savings are driven by the utilization of shared facilities, overlapping operations, scale efficiencies and benefits provided by Pioneer’s extensive water infrastructure. Further synergies are realized from adjacent acreage footprints and the ability to drill extended laterals where lease configurations of the separate companies prevented long-lateral horizontal wells.

• Unmatched Permian Scale – The combined company will be the leading Permian independent exploration and production company with a premium asset base of approximately 930,000 net acres with no federal acreage and a production base of 328 thousand barrels of oil per day and 558 thousand barrels oil equivalent per day as of the second quarter of 2020. Additionally, based on year-end 2019 proved reserves, this transaction will increase Pioneer’s proved reserves by approximately 65%.

• Top-Tier Balance Sheet – Pioneer’s pro forma leverage will remain among the lowest in the industry, preserving the Company’s financial flexibility and allowing for significant return of capital to shareholders. The combined company is expected to benefit from approximately $75 million per year in lower interest expense and will gradually reduce net debt to EBITDAX to less than 0.75x from an already strong position.

• Sustainable Development – Pioneer and Parsley have demonstrated strong commitments to best-in-class environmental, social and governance practices. The combined company will continue to aggressively pursue improvements and promote a culture that prioritizes sustainable operations. Pioneer plans to publish a comprehensive 2020 Sustainability Report detailing its efforts in these areas during the fourth quarter of 2020.

Transaction Details

This all-stock transaction constitutes a 7.9% premium to Parsley shareholders based on unaffected closing share prices as of October 19, 2020. Pioneer will issue approximately 52 million shares of common stock in the transaction. After closing, existing Pioneer shareholders will own approximately 76% of the combined company and existing Parsley shareholders will own approximately 24% of the combined company.

The transaction has been unanimously approved by the Boards of Directors of both Pioneer and Parsley and is expected to close in the first quarter of 2021, subject to customary closing conditions, regulatory approvals and shareholder approvals. Parsley’s largest investor, Quantum Energy Partners, which owns approximately 17% of Parsley’s outstanding shares, has executed a Voting and Support Agreement in connection with the transaction.

Upon closing of the transaction, Pioneer’s Board of Directors will be expanded to thirteen to include Matt Gallagher, Parsley’s President and CEO, and A.R. Alameddine, Parsley’s lead director. Pioneer’s executive management team will lead the combined company with the headquarters remaining in Dallas, Texas.

Advisors

In connection with this transaction, Pioneer has retained Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC as financial advisors and Gibson, Dunn & Crutcher LLP as a legal advisor. Parsley has retained Credit Suisse Securities (USA) LLC and Wells Fargo Securities, LLC as financial advisors and Vinson & Elkins LLP as a legal advisor.

Conference Call

On Tuesday, October 20, 2020 at 3:45 p.m. Central Time, Pioneer will host a conference call to discuss the transaction. Instructions for listening to the call and viewing the accompanying presentation are shown below.

Internet: www.pxd.com
Select "Investors," then "Earnings & Webcasts" to listen to the discussion, view the presentation and see other related material.

Telephone: Dial (800) 263-0877 and enter confirmation code 3079213 five minutes before the call.

A replay of the webcast will be archived on Pioneer’s website. This replay will be available through November 20, 2020. Click here to register for the call-in audio replay and you will receive the dial-in information.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.

Parsley Energy, Inc. is an independent oil and natural gas company focused on the acquisition, development, exploration and production of unconventional oil and natural gas reserves in the Permian Basin. For more information, visit Parsley’s website at www.parsleyenergy.com.

Additional Information and Where to Find It

This communication may be deemed to be solicitation material in respect of the proposed transaction. The proposed transaction will be submitted to Pioneer’s stockholders and Parsley’s stockholders for their consideration. Pioneer and Parsley intend to file a joint proxy statement/prospectus (the “Joint Proxy Statement/Prospectus”) with the SEC in connection with the solicitation of proxies by Pioneer and Parsley in connection with the proposed transaction. Pioneer intends to file a registration statement on Form S-4 (the “Form S-4”) with the SEC, in which the Joint Proxy Statement/Prospectus will be included. Pioneer and Parsley also intend to file other relevant documents with the SEC regarding the proposed transaction. The definitive Joint Proxy Statement/Prospectus will be mailed to Pioneer’s stockholders and Parsley’s stockholders when available. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION WITH RESPECT TO THE PROPOSED TRANSACTION, INVESTORS AND STOCKHOLDERS OF PIONEER AND INVESTORS AND STOCKHOLDERS OF PARSLEY ARE URGED TO READ THE DEFINITIVE JOINT PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND OTHER RELEVANT MATERIALS CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION.

The Joint Proxy Statement/Prospectus, any amendments or supplements thereto and other relevant materials, and any other documents filed by Pioneer or Parsley with the SEC, may be obtained once such documents are filed with the SEC free of charge at the SEC’s website at www.sec.gov or free of charge from Pioneer at www.pxd.com or by directing a request to Pioneer’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it. or free of charge from Parsley at www.parsleyenergy.com or by directing a request to Parsley’s Investor Relations Department at This email address is being protected from spambots. You need JavaScript enabled to view it..

No Offer or Solicitation

This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.

Participants in the Solicitation

Pioneer, Parsley and certain of their respective executive officers, directors, other members of management and employees may, under the rules of the SEC, be deemed to be “participants” in the solicitation of proxies in connection with the proposed transaction. Information regarding Pioneer’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 9, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 24, 2020. Information regarding Parsley’s directors and executive officers is available in its Proxy Statement on Schedule 14A for its 2020 Annual Meeting of Stockholders, filed with the SEC on April 6, 2020 and in its Annual Report on Form 10-K for the year ended December 31, 2019, filed with the SEC on February 21, 2020. These documents may be obtained free of charge from the sources indicated above. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Form S-4, the Joint Proxy Statement/Prospectus and other relevant materials relating to the proposed transaction to be filed with the SEC when they become available. Stockholders and other investors should read the Joint Proxy Statement/Prospectus carefully when it becomes available before making any voting or investment decisions.

Cautionary Statement Regarding Forward-Looking Information

Except for historical information contained herein, the statements in this news release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements and the business prospects of Pioneer and Parsley are subject to a number of risks and uncertainties that may cause Pioneer’s and Parsley’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, the risk that Pioneer’s and Parsley’s businesses will not be integrated successfully; the risk that the cost savings, synergies and growth from the proposed transaction may not be fully realized or may take longer to realize than expected; the diversion of management time on transaction-related issues; the effect of future regulatory or legislative actions on the companies or the industries in which they operate, including the risk of new restrictions with respect to development activities on Pioneer’s or Parsley’s assets; the risk that the credit ratings of the combined company or its subsidiaries may be different from what the companies expect; the risk that Pioneer or Parsley may be unable to obtain governmental and regulatory approvals required for the proposed transaction, or that required governmental and regulatory approvals may delay the proposed transaction or result in the imposition of conditions that could reduce the anticipated benefits from the proposed transaction or cause the parties to abandon the proposed transaction; the risk that a condition to closing of the proposed transaction may not be satisfied; the length of time necessary to consummate the proposed transaction, which may be longer than anticipated for various reasons; potential liability resulting from pending or future litigation; changes in the general economic environment, or social or political conditions, that could affect the businesses; the potential impact of the announcement or consummation of the proposed transaction on relationships with customers, suppliers, competitors, management and other employees; the effect of this communication on Pioneer’s or Parsley’s stock prices; transaction costs; volatility of commodity prices, product supply and demand; the impact of a widespread outbreak of an illness, such as the COVID-19 pandemic, on global and U.S. economic activity, competition, the ability to obtain environmental and other permits and the timing thereof, other government regulation or action, the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms, litigation, the costs and results of drilling and operations, availability of equipment, services, resources and personnel required to perform the Pioneer’s and Parsley’s drilling and operating activities, access to and availability of transportation, processing, fractionation, refining, storage and export facilities; Pioneer’s and Parsley’s ability to replace reserves, implement its business plans or complete its development activities as scheduled; access to and cost of capital; the financial strength of counterparties to Pioneer’s or Parsley’s credit facility, investment instruments and derivative contracts and purchasers of Pioneer’s and Parsley’s oil, natural gas liquids and gas production; uncertainties about estimates of reserves and resource potential; identification of drilling locations and the ability to add proved reserves in the future; the assumptions underlying forecasts, including forecasts of production, cash flow, well costs, capital expenditures, rates of return to shareholders, expenses, cash flows from purchases and sales of oil and gas net of firm transportation commitments, sources of funding and tax rates; quality of technical data; environmental and weather risks, including the possible impacts of climate change; cybersecurity risks; ability to implement stock repurchases; the risks associated with the ownership and operation of Pioneer’s oilfield services businesses and acts of war or terrorism. These and other risks are described in Pioneer’s and Parsley’s Annual Reports on Form 10-K for the year ended December 31, 2019, Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 2020 and other filings with the Securities and Exchange Commission. In addition, Pioneer and Parsley may be subject to currently unforeseen risks that may have a materially adverse impact on the combined company. Accordingly, no assurances can be given that the actual events and results will not be materially different than the anticipated results described in the forward-looking statements. Pioneer and Parsley undertake no duty to publicly update these statements except as required by law.

Cautionary Note to U.S. Investors – The SEC prohibits oil and gas companies, in their filings with the SEC, from disclosing estimates of oil or gas resources other than "reserves," as that term is defined by the SEC. In this presentation, Pioneer includes estimates of quantities of oil and gas using certain terms, such as "resource base," "resource potential," "net recoverable resource potential," "estimated ultimate recovery," "EUR," "oil in place" or other descriptions of volumes of reserves, which terms include quantities of oil and gas that may not meet the SEC’s definitions of proved, probable and possible reserves, and which the SEC’s guidelines strictly prohibit Pioneer from including in filings with the SEC.

These estimates are by their nature more speculative than estimates of proved reserves and accordingly are subject to substantially greater risk of being recovered by Pioneer. U.S. investors are urged to consider closely the disclosures in the Company’s periodic filings with the SEC. Such filings are available from the Company at 777 Hidden Ridge, Irving, Texas 75038, Attention: Investor Relations and the Company’s website at www.pxd.com. These filings also can be obtained from the SEC by calling 1-800-SEC-0330.

Pioneer Natural Resources Company Contacts:
Investors
Neal Shah - 972-969-3900
Tom Fitter - 972-969-1821
Michael McNamara - 972-969-3592

Media and Public Affairs
Tadd Owens - 972-969-5760

Parsley Energy Company Contacts:
Investors
Kyle Rhodes – 512-505-5199
Dan Guill – 512-505-5199

Media and Public Affairs
Kate Zaykowski – 512-220-7100

BETHESDA, Md. & WAYNE, Pa.--(BUSINESS WIRE)--Today, Enviva, a leading global energy company specializing in sustainable wood bioenergy, and Finite Carbon, North America’s leading developer of forest carbon offsets, announced they are teaming up to engage small forest landowners across the U.S. Southeast to voluntarily participate in global greenhouse gas emissions reduction programs. The partnership, leveraging Finite Carbon’s CORE Carbon online platform, will help address climate change while generating new annual income for small landowners based on forest stewardship and extended rotations of mature bottomland hardwood forests.

“Enviva’s partnership with Finite Carbon will deliver on the promise of continued forest growth and carbon sequestration across the U.S. Southeast by creating an additional incentive for small forest landowners to protect their forests, especially sensitive, bottomland hardwoods,” said John Keppler, Chairman and Chief Executive Officer of Enviva. “This partnership will move our mission of fighting climate change and displacing coal forward by opening new avenues for forest owners with less than 5,000 acres to generate income from the growing carbon offset market by choosing not to harvest their timberlands right now, enabling them to be a critical participant in addressing the global climate crisis.”

“CORE Carbon is a free, easy to use digital platform designed to incentivize sustainable land management decisions,” said Sean Carney, President of Finite Carbon. “Our partnership with Enviva will make it easier for small forest landowners to enroll in the voluntary carbon offset market, access a new source of revenue, and protect some of the South’s cherished forests.”

While CORE Carbon will be available to over 1.5 million family and non-industrial forest owners in the U.S., this partnership will leverage Enviva's focus on bottomland hardwood forests in the U.S. Southeast.

The partnership will significantly increase the availability of global carbon offset programs to privately held forestland by leveraging Enviva’s well-established landowner network along with Finite Carbon’s CORE Carbon Platform, which utilizes remote sensing technologies to dramatically reduce the costs and barriers to market entry for smaller forest landowners with as little as 40 acres of forestland. The initial phase of CORE Carbon will focus on a deferred harvest methodology, co-authored with American Carbon Registry, focusing on high conservation value forests such as mature bottomland hardwood stands in the U.S. Southeast.

Over the next decade, the program will seek to make sustainable forestry a more feasible proposition by opening the carbon offset market to over 1.5 million small forest landowners and generating $1 billion in carbon offset revenue for participating landowners.

Through the partnership, Enviva and Finite Carbon will create real and measurable progress toward the protection of bottomland forest habitats, which are critically important to biodiversity and wildlife, water quality and flood control, and carbon storage in the region. Bottomland hardwood forests reduce the risk and severity of flooding to downstream communities by providing areas to store floodwater. In addition, these habitats improve water quality by filtering and flushing nutrients, processing organic wastes, and reducing sediment before it reaches open water.

Learn more about CORE Carbon at corecarbon.com or https://youtu.be/wdEpA-BMewo.

About Enviva Holdings, LP

Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the Southeastern United States. We export our pellets primarily to power plants in the United Kingdom, Europe and Japan that previously were fueled by coal, enabling them to reduce their lifetime carbon footprint by about 80 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. South. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com and follow us on social media @Enviva.

About Finite Carbon:

Finite Carbon is North America’s leading developer and supplier of forest carbon offsets. With offices in seven states, it combines unparalleled project development experience with extensive carbon market knowledge. Finite Carbon has generated over one-third of all California compliance offset supply and delivered more than $500 million to landowners. Its project portfolio includes over three million acres of working forestland representing every region and major forest type from the Appalachians to coastal Alaska. Learn more at finitecarbon.com.

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+1 (301) 657-5560

Jazmin Varela: This email address is being protected from spambots. You need JavaScript enabled to view it.
+1( 919) 724-7402

HOUSTON--(BUSINESS WIRE)--Mesa Royalty Trust (the “Trust”) (NYSE: MTR) announced today that there will be no distribution paid for the month of October 2020 to holders of record as of the close of business on October 30, 2020, as costs, charges and expenses attributable to the Trust’s royalty properties exceeded the revenue received from the sale of oil, natural gas and other hydrocarbons produced from such properties, as reported by the working interest owners.

The Trust was formed to own an overriding royalty interest of the net proceeds attributable to the specified interest in certain producing oil and gas properties located in the Hugoton field of Kansas and the San Juan Basin fields of New Mexico and Colorado. As described in the Trust's filings, the amount of the monthly distributions is expected to fluctuate from month to month, depending on the proceeds, if any, received by the Trust as a result of production, oil and natural gas prices and the amount of the Trust’s administrative expenses, among other factors. The amount of proceeds, if any, received or expected to be received by the Trust (and its ability to pay distributions to unitholders) has been and will continue to be directly affected, among other things, by the volatility in commodity prices. Recently, there has been a substantial decrease in oil and natural gas prices due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil and natural gas prices could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Continued low oil and natural gas prices, among other things, will reduce proceeds to which the Trust is entitled, which will reduce the amount of cash available for distribution to unitholders and in certain periods could result in no distributions to unitholders.

This press release contains forward-looking statements. No assurances can be given that the expectations contained in this press release will prove to be correct. The working interest owners alone control historical operating data, and handle receipt and payment of funds relating to the royalty properties and payments to the Trust for the related royalty. The Trustee cannot assure that errors or adjustments or expenses accrued by the working interest owners, whether historical or future, will not affect future royalty income and distributions by the Trust. Other important factors that could cause these statements to differ materially include delays in actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, declines in commodity pricing, and other factors described in the Trust’s Form 10-K for the year ended December 31, 2019 under “Part I, Item 1A. Risk Factors,” the Trust’s Form 10-Q for the quarter ended March 31, 2020 under “Part II, Item 1A. Risk Factors” and the Trust’s Form 10-Q for the quarter ended June 30, 2020 under “Part II, Item 1A. Risk Factors.” Statements made in this press release are qualified by the cautionary statements made in such risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

Mesa Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Elaina Rodgers
713-483-6020
http://mtr.investorhq.businesswire.com/

• Technology-driven Danish ride-hailing service places its largest single vehicle order
• Fisker Ocean SUV will join an all-electric vehicle fleet that will operate across Denmark

LOS ANGELES & COPENHAGEN, Denmark--(BUSINESS WIRE)--#EVs--Fisker Inc. (Fisker) – designer and manufacturer of the world’s most emotion-stirring, eco-friendly electric vehicles and advanced mobility solutions – today announced the signing of a vehicle order for 300 units with Viggo, the technology-driven Danish ride-hailing service.

Viggo, founded in 2019, is aiming to challenge the standards for urban transportation through advanced data-driven innovation, zero-emission cars and Scandinavian simplicity. Since founding, Viggo has built a network of more than 55 (100 projected by the end of the year) electric cars and delivered more than 100,000 rides. The company will expand into Norway in 2021 and the 300 Fisker Ocean all-electric luxury SUVs, to be delivered Q4 2022, will be a strong part of their Scandinavian expansion. Viggo’s focus is on business users and has brought many large multinational companies into its customer/user base.

“We created the Fisker Ocean with space, range and value as product priorities, attributes that are also very important to Viggo, their drivers and customers,” said Henrik Fisker, chairman and CEO of Fisker. “As someone born and raised in Denmark, I am also personally proud that this Danish company has chosen to work with Fisker and put their confidence in our company and products. This agreement is the first of many multi-vehicle orders that we are planning to sign with both mobility companies like Viggo and large corporate fleets.”

Fisker recently announced a strategic cooperation with Magna International supporting the co-development and manufacture of the Fisker Ocean SUV, projected to launch in Q4 2022. The Ocean will be assembled by Magna in Europe and is poised to deliver class-leading range, functional interior space with third-row seating and overall vehicle performance.

On behalf of Viggo, CEO Kenneth Herschel and Chairman Peter Bardenfleth-Hansen made the following comment: “We founded Viggo to create a better and more sustainable experience all-around for our customers, and so our choice of vehicle is a critically important part of that service delivery. The seating and flexible space of the Fisker Ocean, together with the projected cost of operation, makes this vehicle a very logical choice for our fleet.”

For more information, or for interview inquiries, contact This email address is being protected from spambots. You need JavaScript enabled to view it..

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

About Viggo HQ ApS

Viggo is a Danish technology company driving the green change with climate-friendly mobility in the city. With advanced data-driven innovation, zero-emission cars, and Scandinavian simplicity, Viggo will revolutionize the way we move. The goal is to challenge the standards for urban transportation. Customer feedback is critical input for service development and the experiences are rated directly in the app for service and safety. Read more at www.viggo.com.

Fisker Inc.
Andrew de Lara
310.374.6177
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HOUSTON--(BUSINESS WIRE)--VOC Energy Trust (NYSE: VOC) announced the Trust distribution of net profits for the third quarterly payment period ended September 30, 2020.

Unitholders of record on October 30, 2020 will receive a distribution amounting to $1,445,000 or $0.085 per unit, payable November 13, 2020.

Volumes, average sales prices and net profits for the payment period were:

As previously reported, there was a substantial decrease in oil prices during the first six months of 2020 due in part to significantly decreased demand as a result of the COVID-19 pandemic and an oversupply of crude oil. Oil prices have remained low through the third quarter of 2020 and could remain low for an extended period of time, which in turn could have a material adverse effect on Trust distributions. Low oil prices and other factors reduced net proceeds to which the Trust was entitled, and there were not sufficient net proceeds for VOC Energy Trust to make a payment for the scheduled quarterly distribution in August 2020 to unitholders of record on July 30, 2020. VOC Brazos Energy Partners L.P. applied funds from the reserve for future expenditures to cover the Trust deficit. For the quarter ended September 30, 2020, gross proceeds exceed quarterly costs and the reserve account is being replenished. The Trustee will withhold an additional minimal amount and use cash reserves from the provision for estimated Trust expenses provided in the first quarter distribution to pay current Trust administrative expenses. If commodity prices for crude oil remain at reduced levels, subsequent distributions in 2021 will be substantially lower than historical distributions, and in certain periods there may be no distribution to unitholders.

This press release contains forward-looking statements. Although VOC Brazos Energy Partners, L.P. has advised the Trust that VOC Brazos Energy Partners, L.P. believes that the expectations contained in this press release are reasonable, no assurances can be given that such expectations will prove to be correct. The announced distributable amount is based on the amount of cash received or expected to be received by the Trustee from the underlying properties on or prior to the record date with respect to the quarter ended September 30, 2020. Any differences in actual cash receipts by the Trust could affect this distributable amount. Other important factors that could cause these statements to differ materially include the actual results of drilling operations, risks inherent in drilling and production of oil and gas properties, the ability of commodity purchasers to make payment, the effect, impact, potential duration or other implications of the COVID-19 pandemic, the dispute over production levels between Russia and the members of the Organization of Petroleum Exporting Countries, including Saudi Arabia, and other risk factors described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2019 and Quarterly Report on Form 10-Q for the period ended June 30, 2020 filed with the Securities and Exchange Commission. Statements made in this press release are qualified by the cautionary statements made in these risk factors. The Trust does not intend, and assumes no obligations, to update any of the statements included in this press release.

VOC Energy Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Mike Ulrich
(512) 236-6599

DUBLIN--(BUSINESS WIRE)--The "Global Onshore Oil and Gas Pipeline Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.

The onshore oil and gas pipeline market is poised to grow by USD 13.49 billion during 2020-2024 progressing at a CAGR of 5% during the forecast period.

The reports on onshore oil and gas pipeline market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the rising global energy demand.

The onshore oil and gas pipeline market analysis includes application segment and geographic landscapes. This study identifies the economic advantages of pipeline transportation as one of the prime reasons driving the onshore oil and gas pipeline market growth during the next few years.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

• ArcelorMittal SA
• Bechtel Corp.
• BP Plc
• Essar Steel India Ltd.
• EUROPIPE GmbH
• General Electric Co.
• Gulf Interstate Engineering Co.
• Saipem Spa
• TechnipFMC Plc
• Tenaris SA.

The onshore oil and gas pipeline market covers the following areas:

• Onshore oil and gas pipeline market sizing
• Onshore oil and gas pipeline market forecast
• Onshore oil and gas pipeline market industry analysis.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The report presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influences. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary.

This market research report provides a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast an accurate market growth.

Key Topics Covered:

1. Executive Summary

• Market Overview

2. Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

3. Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

4. Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

5. Market Segmentation by Application

• Market segments
• Comparison by Application
• Gas pipelines - Market size and forecast 2019-2024
• Oil pipelines - Market size and forecast 2019-2024
• Market opportunity by Application

6. Customer landscape

7. Geographic Landscape

• Geographic segmentation
• Geographic comparison
• APAC - Market size and forecast 2019-2024
• North America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

8. Vendor Landscape

• Vendor landscape
• Landscape disruption
• Competitive scenario

9. Vendor Analysis

• Vendors covered
• Market positioning of vendors
• ArcelorMittal SA
• Bechtel Corp.
• BP Plc
• Essar Steel India Ltd.
• EUROPIPE GmbH
• General Electric Co.
• Gulf Interstate Engineering Co.
• Saipem Spa
• TechnipFMC Plc
• Tenaris SA

10. Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/z8392h

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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For U.S./CAN Toll Free Call 1-800-526-8630
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HOUSTON--(BUSINESS WIRE)--Noble Midstream Partners LP (NASDAQ: NBLX) (“Noble Midstream” or the “Partnership”) today announced that the Board of Directors of its general partner, Noble Midstream GP LLC, declared a cash distribution of $0.1875 per unit for third-quarter 2020.

The third-quarter 2020 distribution will be payable on November 13, 2020, to unitholders of record as of November 6, 2020.

About Noble Midstream

Noble Midstream is a growth-oriented master limited partnership formed by Noble Energy Inc., to own, operate, develop and acquire domestic midstream infrastructure assets. Noble Midstream currently provides crude oil, natural gas, and water-related midstream services in the DJ Basin in Colorado and the Delaware Basin in Texas. For more information, please visit www.nblmidstream.com.

This release serves as a qualified notice to nominees and brokers as provided for under Treasury Regulation Section 1.1446-4(b) that 100% of the Partnership's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, the Partnership's distributions to foreign investors are subject to federal income tax withholding at the highest effective tax rate.

Noble Midstream Partners LP
Park Carrere
Investor Relations
(281) 872-3208
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DUBLIN--(BUSINESS WIRE)--The "Barium Petroleum Sulfonate Market - Growth, Trends, and Forecast (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.

The barium petroleum sulfonate market is expected to develop at a CAGR of less than 3% during the forecast period

The major factor driving the growth of the barium petroleum sulfonate market is the rapid increase in demand from the corrosion inhibitors segment. On the flip-side, unfavorable conditions arising due to the sudden outbreak of COVID-19 is anticipated to foil the growth of the market studied.

• Rust preventatives application is expected to be the largest application market due to its properties like moisture resistance and water displacement coupled with extensive demand from the various sectors of the segment during the period of forecast.
• North America is expected to be the largest market due to the large-scale consumption of the barium petroleum sulfonate and products in the region.

Key Market Trends

Rust Preventatives to be the Largest Segment for Barium Petroleum Sulfonate Market

• Barium Petroleum Sulfonate is extensively used in rust preventive applications as it gives a better defensive coating film, high protection from dampness and saltwater spray test, as a cleanser in fuel additives. This product is soluble in oil and solvents.
• Moreover, it has properties like superb resistance for moisture and water displacement. It can protect black and non-ferrous metals from corrosion. This makes it suitable where a significant level of non-staining rust protection is required.
• Additionally, it has great oil dissolvability after heating and develops a protective covering on the metal surface to secure the metals. Barium petroleum sulfonates ensures stability under different environmental conditions.
• All the aforementioned factors are expected to drive the barium petroleum sulfonate market during the forecast period.

North America Region to Dominate Barium Petroleum Sulfonate Market

• North America region holds a prominent share in the barium petroleum sulfonate market globally and is expected to dominate the market during the forecast timeline.
• Barium Petroleum Sulphonate is broadly utilized in the manufacturing industry in industrial facilities and plants because of its properties, for example, excellent corrosion/rust inhibitor and rust preventatives and are likewise suggested for the production of oils, erosion inhibitors, surface-dynamic operators, metalworking liquids.
• In 2020, revenue of the United States from manufacturing is projected to be USD 8,129.8 billion and it is anticipated to grow at an annual rate of 0.4% during 2020-2024.
• In 2019, the total revenue of iron and steel mills and ferroalloy manufacturing industry in the United States is projected to be USD 95.03 billion. It is anticipated to amount to USD 96.91 billion by 2023.
• Thus, rising demand from various industries is expected to drive the market studied in the region during the forecast timeframe.

Competitive Landscape

The market for barium petroleum sulfonate is consolidated. Some of the players in the market include UNICORN PETROLEUM INDUSTRIES PVT. LTD, Goodway Chemicals Private Limited, Eastern Petroleum Pvt. Ltd., Xinji Rongchao Petroleum Chemical Plant, and MORESCO Corporation.

Key Topics Covered:

1 INTRODUCTION

2 RESEARCH METHODOLOGY

3 EXECUTIVE SUMMARY

4 MARKET DYNAMICS

4.1 Drivers

4.1.1 Rapid Increase in Corrosion Inhibitors Demand

4.1.2 Rust preventatives Application to Boost the Market

4.2 Restraints

4.2.1 Unfavorable Conditions Arising Due to COVID-19 Outbreak

4.2.2 Other Restraints

4.3 Industry Value Chain Analysis

4.4 Porter's Five Forces Analysis

5 MARKET SEGMENTATION

5.1 Application

5.1.1 Corrosion Inhibitors

5.1.2 Coatings & Greases

5.1.3 Rust Preventatives

5.1.4 Others

5.2 Geography

6 COMPETITIVE LANDSCAPE

6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

6.2 Market Share/Ranking Analysis

6.3 Strategies Adopted by Leading Players

6.4 Company Profiles

6.4.1 UNICORN PETROLEUM INDUSTRIES PVT. LTD

6.4.2 Eastern Petroleum Pvt. Ltd.

6.4.3 Ganesh Benzoplast Limited

6.4.4 Gars Lubricants

6.4.5 Goodway Chemicals Private Limited

6.4.6 MORESCO Corporation

6.4.7 Royal Castor Products Limited

6.4.8 Xinji Rongchao Petroleum Chemical Plant

7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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• Solid performance at Networks, while overall earnings impacted by lower results in Renewables, higher interest costs, and expenses incurred in advance of New York rate cases
• New York settlement approval anticipated in November
• 461 MW wind projects on track for year-end 2020 COD
• U.S Army Corps approval of NECEC transmission project expected by month end; last major permit required to begin construction
• Company expects Consolidated 2020 EPS & Adjusted EPS Outlook of $1.90-$2.00

ORANGE, Conn.--(BUSINESS WIRE)--Today AVANGRID, Inc. (NYSE: AGR) reported consolidated U.S. GAAP net income of $87 million, or $0.28 per share, for the third quarter ended September 30, 2020, compared to $150 million, or $0.48 per share, for the same period in 2019. For the first nine months of 2020, consolidated net income was $415 million, or $1.34 per share, compared to $477 million, or $1.54 share, for the first nine months of 2019.

On a non-U.S. GAAP adjusted basis, net income for the third quarter 2020 was $100 million, or $0.32 per share, compared to $123 million, or $0.40 per share, for the same period in 2019. For the first nine months of 2020, non-U.S. GAAP adjusted net income was $434 million, or $1.40 per share, compared to $442 million, or $1.43 per share, for the first nine months of 2019.

“We have continued to operate safely and reliably while managing the impacts of the pandemic and responding to numerous weather events during the quarter, including Tropical Storm Isaias,” commented Dennis V. Arriola, chief executive officer of AVANGRID. “While our Networks group had a solid quarter overall, consolidated results were below our expectations, impacted by expenses incurred in advance of receiving final rate approvals in New York, lower wind production from existing assets and unfavorable market pricing. Despite these challenges, we have continued to progress on important strategic objectives. One of our top priorities this quarter has been to conduct a detailed review of the Company’s financial prospects for 2020 and beyond. Today, we are providing an updated full-year 2020 outlook of $1.90-$2.00 per share and will provide more information beyond 2020 at our upcoming Investor Day on November 5^th.”

AVANGRID recently received two significant accolades. The Company was included on the annual Forbes JUST 100 list of America’s best corporate citizens, where it ranked first within the utility industry for its commitment to the environment and the communities it serves. The Company was also listed by Forbes as one of America’s Best Employers by State in Connecticut.

“We are being recognized as a leading purpose-driven company, reflecting our commitment as a clean energy leader in our sector and the progress we have made toward being a place where talented and committed people want to build long-term careers,” added Arriola.

Non-U.S. GAAP adjusted earnings and adjusted earnings per share exclude mark-to-market adjustments in the Renewables segment, accelerated depreciation derived from repowering of wind farms, restructuring charges and COVID-19 impacts. For additional information, see “Use of Non-U.S. GAAP Financial Measures” and “Reconciliation of Non-U.S. GAAP Financial Measures” at the end of the release.

Avangrid Networks

Earnings for the third quarter 2020 and the first nine months of 2020, compared to the same periods in 2019 increased primarily due to higher rates in Maine and our Connecticut gas companies and tax benefits, but were negatively impacted by depreciation, greater outage restoration costs, and expenses incurred in advance of the New York rate cases approval.

Avangrid Renewables

Earnings for the third quarter 2020 compared to the same period in 2019 benefited primarily from wind production from new assets and thermal and trading operations, which were more than offset by lower mark-to-market earnings, depreciation, and wind production from existing assets.

Earnings for the first nine months of 2020 compared to the same period in 2019 benefited from higher wind production from new and existing assets and new production tax credits, which were offset by lower mark-to-market earnings, lower merchant prices, depreciation, and prior year positive asset sales and asset retirement obligation adjustment that did not recur.

Corporate

Corporate primarily reflects net interest expenses and taxes period over period. Earnings for the third quarter and first nine months of 2020 compared to the same periods in 2019 decreased due to increased interest expense from the issuances of Green Bonds in May 2019 and May 2020.

Outlook

AVANGRID’s U.S. GAAP and adjusted non-U.S. GAAP Consolidated earnings outlook for 2020 is projected to be $1.90-$2.00 per share. This outlook includes an expected approval of the New York rate cases.

Third Quarter 2020 Earnings Webcast and 2020 Investor Day

AVANGRID will webcast an audio-only financial presentation in conjunction with releasing third quarter 2020 earnings tomorrow, Wednesday, October 21, 2020 beginning at 10:00 A.M. Eastern time. The webcast will feature a presentation from members of the executive team, and can be accessed through the Investor Relations’ section of AVANGRID’s website.

In addition, AVANGRID will host a virtual Investor Day on Wednesday, November 5, 2020 beginning at 9:00 A.M. Eastern time. AVANGRID’s Executive team will present an update of AVANGRID’s Long-term Outlook followed by a question and answer session. The webcast can be accessed through the Investor Relations’ section of AVANGRID’s website.

About AVANGRID: AVANGRID, Inc. (NYSE: AGR) is a leading, sustainable energy company with approximately $36 billion in assets and operations in 24 U.S. states. With headquarters in Orange, Connecticut, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 6,600 people. AVANGRID supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2019 and 2020 by the Ethisphere Institute. For more information, visit www.avangrid.com.

Forward Looking Statements

Certain statements in this presentation may relate to our future business and financial performance and future events or developments involving us and our subsidiaries that are not purely historical and may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of forward-looking terms such as “may,” “will,” “should,” “would,” “could,” “can,” “expect(s),” “believe(s),” “anticipate(s),” “intend(s),” “plan(s),” “estimate(s),” “project(s),” “assume(s),” “guide(s),” “target(s),” “forecast(s),” “are (is) confident that” and “seek(s)” or the negative of such terms or other variations on such terms or comparable terminology. Such forward-looking statements include, but are not limited to, statements about our plans, objectives and intentions, outlooks or expectations for earnings, revenues, expenses or other future financial or business performance, strategies or expectations, or the impact of legal or regulatory matters on business, results of operations or financial condition of the business and other statements that are not historical facts. Such statements are based upon the current reasonable beliefs, expectations, and assumptions of our management and are subject to significant risks and uncertainties that could cause actual outcomes and results to differ materially. Important factors are discussed and should be reviewed in our Form 10-K and other subsequent filings with the SEC. Specifically, forward-looking statements include, without limitation:

• the future financial performance, anticipated liquidity and capital expenditures;
• actions or inactions of local, state or federal regulatory agencies;
• success in retaining or recruiting our officers, key employees or directors;
• changes in levels or timing of capital expenditures;
• adverse developments in general market, business, economic, labor, regulatory and political conditions;
• fluctuations in weather patterns;
• technological developments;
• the impact of any cyber breaches or other incidents, grid disturbances, acts of war or terrorism, civil or social unrest, natural disasters, pandemic health events or other similar occurrences;
• the impact of any change to applicable laws and regulations affecting operations, including those relating to the environment and climate change, taxes, price controls, regulatory approval and permitting;
• the implementation of changes in accounting standards; and
• other presently unknown unforeseen factors.

Should one or more of these risks or uncertainties materialize, or should any of the underlying assumptions prove incorrect, actual results may vary in material respects from those expressed or implied by these forward-looking statements. You should not place undue reliance on these forward-looking statements. We do not undertake any obligation to update or revise any forward-looking statements to reflect events or circumstances after the date of this report, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Other risk factors are detailed from time to time in our reports filed with the SEC, and we encourage you to consult such disclosures.

Use of Non-U.S. GAAP Financial Measures

To supplement our consolidated financial statements presented in accordance with generally accepted accounting principles in the United States (“GAAP”), we consider adjusted net income and adjusted earnings per share as non-GAAP financial measures that are not prepared in accordance with GAAP. The non-GAAP financial measures we use are specific to AVANGRID and the non-GAAP financial measures of other companies may not be calculated in the same manner. We use these non-GAAP financial measures, in addition to GAAP measures, to establish operating budgets and operational goals to manage and monitor our business, evaluate our operating and financial performance and to compare such performance to prior periods and to the performance of our competitors. We believe that presenting such non-GAAP financial measures is useful because such measures can be used to analyze and compare profitability between companies and industries by eliminating the impact of certain non-cash charges. In addition, we present non-GAAP financial measures because we believe that they and other similar measures are widely used by certain investors, securities analysts and other interested parties as supplemental measures of performance.

We define adjusted net income as net income adjusted to exclude restructuring charges, mark-to-market earnings from changes in the fair value of derivative instruments used by AVANGRID to economically hedge market price fluctuations in related underlying physical transactions for the purchase and sale of electricity, accelerated depreciation derived from repowering of wind farms and the impact of the global coronavirus (COVID-19) pandemic. We believe adjusted net income is more useful in understanding and evaluating actual and projected financial performance and contribution of AVANGRID core lines of business and to more fully compare and explain our results. The most directly comparable GAAP measure to adjusted net income is net income. We also define adjusted earnings per share, or adjusted EPS, as adjusted net income converted to an earnings per share amount.

The use of non-GAAP financial measures is not intended to be considered in isolation or as a substitute for, or superior to, AVANGRID’s GAAP financial information, and investors are cautioned that the non-GAAP financial measures are limited in their usefulness, may be unique to AVANGRID, and should be considered only as a supplement to AVANGRID’s GAAP financial measures. The non-GAAP financial measures may not be comparable to other similarly titled measures of other companies and have limitations as analytical tools.

Non-GAAP financial measures are not primary measurements of our performance under GAAP and should not be considered as alternatives to operating income, net income or any other performance measures determined in accordance with GAAP.

Investors and others should note that AVANGRID routinely posts important information on its website and considers the Investor Relations section, www.avangrid.com/wps/portal/avangrid/Investors,a channel of distribution.

Analysts: Patricia Cosgel, This email address is being protected from spambots. You need JavaScript enabled to view it., 203-499-2624
Media: Zsoka McDonald, This email address is being protected from spambots. You need JavaScript enabled to view it., 203-997-6892

BRYN MAWR, Pa.--(BUSINESS WIRE)--The board of directors of Essential Utilities Inc. (NYSE: WTRG) today declared a quarterly cash dividend of $0.2507 per share, payable Dec. 1, 2020 to all shareholders of record on Nov. 13, 2020.

Essential Utilities has paid consecutive quarterly cash dividends for 75 years and has increased the dividend 30 times in the last 29 years.

About Essential

Essential is one of the largest publicly traded water, wastewater and natural gas providers in the U.S., serving approximately 5 million people across 10 states under the Aqua and Peoples brands. Essential is committed to excellence in proactive infrastructure investment, regulatory expertise, operational efficiency and environmental stewardship. The company recognizes the importance water and natural gas play in everyday life and is proud to deliver safe, reliable services that contribute to the quality of life in the communities it serves. For more information, visit http://www.essential.co.

WTRGF

Brian Dingerdissen
Essential Utilities Inc.
Investor Relations
O: 610.645.1191
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Dan Lockwood
Communications and Marketing
O: 610.645.1157
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SACRAMENTO, Calif.--(BUSINESS WIRE)--Electrochaea GmbH, a leading European provider of renewable methane technology, announced today that it has established a Sacramento-based U.S. subsidiary, Electrochaea Corporation, to accelerate the commercial roll-out of its technology in North America. The company offers a climate-friendly solution to store renewable electricity and recycle CO₂ in the form of renewable methane. This technology is a major advancement toward the critical goal of transitioning to a clean energy economy.

Renewable electricity sources such as solar and wind, which are naturally intermittent, are only optimized when mechanisms for electricity storage are present. As more solar sources are developed, an unexpected problem, the inability to use all of the electricity produced during the hours when the sun is available, has arisen reducing the enthusiasm for additional solar installations. Electrochaea’s technology can take that unneeded electricity and store it in the form of renewable methane. This methane, a substitute for fossil fuels, can be used when the sun is not shining for electricity generation.

Over the past six years, Electrochaea has successfully developed renewable methane from the lab to industrial-scale pilot plants in Denmark and Switzerland, feeding the national gas grids. In 2019 the company opened a third pilot plant at the U.S. Department of Energy’s National Renewable Energy Laboratory (NREL) in Golden, CO, with support from SoCalGas. The company has several renewable methane projects under development in the USA as it moves forward with commercial roll-out in North America.

“This is a transformative time in the U.S. energy market. The critical needs for both new climate solutions and new areas of economic development are increasingly urgent, while new renewable energy solutions are gaining traction,” said Mich Hein, CEO of Electrochaea. “We’re optimistic about the growing potential for our renewable methane to promote use of renewable electricity, and we look forward to deepening our collaborations with U.S. partners to accelerate its commercialization.”

“Electrochaea has presented us with an innovative technology to investigate at an important time,” said Martin Keller, Laboratory Director at NREL. “We appreciate the opportunity to collaborate with a partner who has experience and know-how in the field of biological methanation. We anticipate a huge potential for scale in the U.S. market as we seek to diversify the gas grid, which is the backbone of the U.S. energy storage network.”

The business development activities of the U.S. subsidiary will focus on development and execution of commercial opportunities and partnerships in the United States, Canada and Mexico. Electrochaea’s headquarters, with laboratories, engineering and business functions, will remain in Munich.

Electrochaea uses ancient microorganisms, called archaea, as a biocatalyst to convert hydrogen from renewable energy and carbon dioxide into grid-quality methane. The technology was developed by Prof. Laurens Mets at the University of Chicago. Mets was the first to discover the potential of the archaea’s metabolism and its impact for environmental applications. Compared to chemical methanation technologies, this biological process is extremely robust, efficient and reliable. The operation of the system is simple and cost-effective.

About Electrochaea: Founded in 2014, Electrochaea GmbH delivers an innovative, patented technology for producing high-quality renewable natural gas that can be stored and used on demand in the existing natural gas grid. The company has successfully operated industrial-scale pilot plants in the U.S., Switzerland and Denmark and plans to produce more than 15 billion cubic feet per year of renewable methane by 2025. Electrochaea’s technology was recently awarded the Swiss energy prize Watt d'Or and listed by FOCUS magazine as one of the most important technologies for climate and environment. Electrochaea is headquartered in Munich, Germany. www.electrochaea.com

Shermineh Rohanizadeh
Silverline Communications
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Beth Bray
US Communications Director
Electrochaea Corporation
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+1 (773) 241-4948