Finalists and nominees reimagine regional landscapes and economic vitality with an emphasis on pioneering rail transportation
WASHINGTON--(BUSINESS WIRE)--CG/LA, the global leader in infrastructure strategy and project development announced the winners of the 2020 Infrastructure Project of the Year Awards at the 13th Global Infrastructure Leadership Virtual Forum.
The Project of the Year Awards are one of the highlights of every Leadership Forum event. Announced on September 17th, the awards recognize the projects - and the leaders behind the projects - identified as global models. The projects are highlighted for their outstanding commitment across five categories: Job Creation, Sustainability/Green Infrastructure, Finance/Funding, Engineering, and Strategic. This year’s winners are:
ABOUT THE 13TH GLOBAL INFRASTRUCTURE LEADERSHIP FORUM
Convening leaders in transportation, finance, policy, engineering, technology, construction, energy, law, and hydroelectricity from more than 20 countries across both private and public sectors, the annual Global Infrastructure Leadership Forum highlights leading-edge strategies that propel the advancement of our built environment around the world. For more information, click here.
ABOUT CG/LA INFRASTRUCTURE
For three decades CG/LA Infrastructure has served as the foremost thought leader on global infrastructure investment and strategic project development. Headquartered in Washington, DC, CG/LA works with leading infrastructure executives, project owners, policymakers, investors, innovators, design practitioners, and risk specialists from over 30 countries across the public and private spectrum. The firm's globally-recognized Leadership Forum series highlights leading-edge strategies and compelling infrastructure projects accelerating global mobility, sustainability, and overall social impact. See more on CG/LA here.
MEDIA CONTACT
Brent Harrison
CG/LA Infrastructure
Deputy Director of Projects
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Avista, McKinstry, Katerra and Eastern Washington University demonstrate the potential for positive, sustainable solutions when industry leaders work together
SPOKANE, Wash.--(BUSINESS WIRE)--The five-story, 159,000-square-foot Catalyst building opened its doors today, marking the culmination of a collaborative effort of diverse industry partners to create a transformative, real-world prototype for sustainable development. Anchoring the new South Landing Eco-District neighborhood in Spokane, the Catalyst building and the adjacent Scott Morris Center for Energy Innovation demonstrate new building techniques, materials and a sustainable shared energy model that is central to the goal of making Catalyst one of the largest zero energy buildings in North America and one of the first zero carbon buildings to be certified by the International Living Future Institute.
Catalyst is the result of a unique collaboration between a cross-industry team of partners including Avista, McKinstry, Katerra and Eastern Washington University (EWU). The South Landing neighborhood started with a bold vision when Avista’s then-CEO and current chairman Scott Morris conceived and set out to create “the five smartest blocks in the world.” Morris’s idea was to create a real-world model for sustainable, efficient and forward-looking development in which smart buildings are deeply integrated with the grid and talk to each other to better manage demand, while leveraging on-site renewable energy generation and storage during peak loads.
“This is an important milestone to celebrate. With the foundation for the five smartest blocks in the world now in place, Catalyst and the South Landing Eco-District prove what is possible when industry leaders work together to think big and test bold ideas,” said Scott Morris, Chairman of Avista. “What we have created is so transformative and innovative, it will serve as a new model for collaboration across industries. Together, we are reimagining the future of energy and sustainable development. What we learn will support a reliable, affordable, and clean energy future for all of us.”
“Catalyst and the South Landing Eco-District are more than just another smart building project, they are the cornerstones of a fully integrated neighborhood that will serve as a living laboratory for new sustainability technologies, materials, construction techniques and operational practices,” said Dean Allen, CEO of national construction and energy services firm McKinstry. “Catalyst demonstrates how the built environment can be constructed and operated for our partners, our clients, our communities and our planet to deliver sustainability and impact, not just physical space.”
The Catalyst building employs innovative, integrated systems for on-site renewable energy generation using photovoltaic arrays, heating, lighting, and exhaust heat and gray water recovery, as well as Internet of Things (IoT) sensors to optimize operation.
Catalyst’s design, by Michael Green Architecture, uses roughly 4,000 cubic meters of locally sourced mass timber products produced by Katerra as both structural and design elements, enabling Catalyst to achieve near-passive house levels of thermal performance. Incorporating mass timber into Catalyst also reduced the need for steel and concrete, helping to collectively offset approximately 5,000 metric tons of carbon, equating to 1,100 cars off the road for a year.
“Katerra’s team is so grateful to have partnered with Avista and McKinstry on this landmark project,” said Craig Curtis, Katerra’s Chief Architect Building Platforms Architecture. “Our hope is that Catalyst will spark a new generation of similar high-performance, low-carbon buildings. We believe mass timber is much more than a structural building material, it is an opportunity to guide building design and construction towards a future of sustainable building on an entirely new scale.”
“This project is really special for MGA because it brings together a lot of the thought and ambition we have around how we can start to change both the environmental performance and the affordability of buildings,” said Michael Green, Principal of Michael Green Architecture. “It is the beginning of what we think will be the transformation of the construction industry, moving away from the more carbon intensive materials like concrete and steel, and towards mass timber as the best choice when making a carbon neutral building.”
Catalyst and the recently opened Morris Center were designed in tandem to test the innovative new shared energy eco-district model. The main idea of the eco-district is to have buildings that work together to actively manage energy loads and balance on-site energy demand, generation and storage in real-time to reduce the impact on the grid. A centralized heating, cooling and electrical system reliably, sustainably and affordably serves the energy needs of current and future buildings in the South Landing development. In addition to heat pumps, boilers and chillers, the Morris Center houses thermal and electrical storage, as well as onsite renewable energy generation that can be stored and shared. South Landing and Catalyst show how utilities can partner with property owners to operate their buildings in a manner that better utilizes the existing grid and could lead to a more affordable, clean energy future.
Eastern Washington University is the anchor tenant for Catalyst, with its College of Science, Technology, Engineering and Mathematics (CSTEM) re-locating its electrical engineering, computer science and design programs to the new building. CSTEM is also creating a new program, computer engineering, which will be housed there as well. Additionally, EWU’s College of Business, several programs from the College of Health Science and Public Health, and EWU’s Creative Writing MFA program will also be based in Catalyst.
This will allow more than EWU 1,000 students and faculty to work alongside private industry tenants who will provide hands-on, practical, and multi-disciplinary experiential learning opportunities.
“We are so grateful for this unique partnership with Avista, McKinstry and Katerra,” said EWU interim President David May. “Eastern is proud to be a leader in this inspiring expansion of Spokane’s University District. The Catalyst creates tremendous learning and employment opportunities for our students, as academia and groundbreaking companies will unite to spark innovation.”
Catalyst and the South Landing project will be unveiled in a virtual grand opening event at 1 p.m. PDT (4 p.m. EDT) today, featuring short presentations by representatives of the project partners and a video walk-through of the Catalyst building and the Morris Center. There will also be an online media availability immediately following the grand opening event. More information and the embedded livestream of the event can be found here: http://www.catalystspokane.com/south-landing/.
About Avista Development
Avista Development, a non-utility subsidiary of Avista Corp., seeks to invest in local real estate, businesses and other assets that strategically leverage the strengths of local and regional partnerships, enhance the economic vitality of Avista’s utility service areas, and further Avista’s commitment to deliver shared value to those we serve.
About McKinstry
McKinstry is a national full-service, design-build-operate-and-maintain (DBOM) firm specializing in consulting, construction, energy and facility services. The firm’s innovative, integrated delivery methodology provides clients with a single point of accountability that drives waste and redundancy out of the design/build process. McKinstry advocates collaborative, sustainable solutions designed to ensure occupant comfort, improve systems efficiency, reduce facility operational costs, and optimize profitability “For The Life of Your Building.”
About Katerra
Katerra is a technology company optimizing every aspect of building development, design, and construction. With leaders from the most groundbreaking technology, design, manufacturing and construction companies, Katerra transforms how buildings and spaces come to life. Founded in 2015, Katerra has a growing number of domestic and international offices, factories and building projects. For more information, visit www.katerra.com.
MGA | Michael Green Architecture
MGA | Michael Green Architecture is one of the most internationally recognized architecture firms in Canada. Beyond the four Governor General’s Medals for Architecture and the two Royal Architectural Institute of Canada Awards for Architectural Innovation, they are recognized for innovation in sustainable architecture and developing carbon-neutral buildings with advanced wood construction. The firm was founded in 2012 by Michael Green, who is known for his research, leadership, and expertise in building with timber products. In fact, he literally wrote the book on the subject, authoring The Case For Tall Wood Buildings, and popularizing the phrase ‘mass timber.’ From their head office in Kitsilano, they work on projects from tiny boutique interiors to large institutional buildings and airport complexes, locally and internationally. The studio houses architecture, interior design, graphic design, landscape, and model making staff.
About Eastern Washington University
EWU is a regional, comprehensive public university, located in Cheney, just 16 miles from Spokane. Founded in 1882, Eastern has evolved to meet the demands of an ever-changing workforce and become a driving force in the culture, economy and vitality of the Inland Northwest. In addition to its main campus, EWU has always had a strong presence in the thriving University District, allowing the university to solidify important academic and community partnerships in the region. Learn more at www.ewu.edu.
Steve Smith
425.753.1653
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HOUSTON--(BUSINESS WIRE)--BBVA USA, as Trustee of the San Juan Basin Royalty Trust (the “Trust”) (NYSE:SJT), today reported that it will not declare a monthly cash distribution to the holders of its Units of beneficial interest (the “Unit Holders”) due to prior excess production costs from the April 2020 production month. Excess production costs occur when production costs and capital expenditures exceed the gross proceeds for a certain period.
For the production month of July 2020, the operator of the Trust’s subject interests, Hilcorp San Juan L.P. (“Hilcorp”), reported to the Trust profits of $762,715 gross ($572,036 net to the Trust), which reduced, but did not eliminate, the previously reported excess production costs of $854,718 gross ($641,038 net to the Trust). Hilcorp will charge the remaining excess production costs of $92,003 gross ($69,003 net to the Trust) to the next month’s distribution.
Cash reserves will be utilized to pay Trust administrative expenses of $87,207 for the month. No cash distributions will be distributed by the Trust until future net proceeds are sufficient to pay then-current Trust liabilities and replenish cash reserves.
Based upon information provided to the Trust by Hilcorp, gas production for the subject interests totaled 2,031,263 Mcf (2,256,959 MMBtu) for July 2020, as compared to 2,005,697 Mcf (2,228,552 MMBtu) for June 2020. Dividing revenues by production volume yielded an average gas price for July 2020 of $1.26 per Mcf ($1.14 per MMBtu), as compared to an average gas price for June 2020 of $1.09 per Mcf ($0.98 per MMBtu).
Hilcorp has advised the Trust that the July 2020 reporting month included additional profits of $135,411 gross ($101,558 net to the Trust) based on true-ups for the March 2018, January 2019, and February 2020 production months. The July 2020 reporting month also includes a reimbursement by the Trust to Hilcorp of $0.2 million, being a portion of the total $2.0 million in “Other” revenue that was included in the estimated gross proceeds in the December 2017 and January 2018 distribution months.
Hilcorp also reported that for the reporting month of July 2020, revenue included an estimated $100,000 for non-operated revenue. For the month ended July 2020, Hilcorp reported to the Trust capital costs of $11,207, lease operating expenses and property taxes of $1,673,125, and severance taxes of $383,808.
Except for historical information contained in this news release, 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. Such forward-looking statements generally are accompanied by words such as “estimates,” “anticipates,” “could,” “plan,” or other words that convey the uncertainty of future events or outcomes. Forward-looking statements and the business prospects of San Juan Basin Royalty Trust are subject to a number of risks and uncertainties that may cause actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, certain information provided to the Trust by Hilcorp, volatility of oil and gas prices, governmental regulation or action, litigation, and uncertainties about estimates of reserves. These and other risks are described in the Trust’s reports and other filings with the Securities and Exchange Commission.
San Juan Basin Royalty Trust
BBVA USA, Trustee
2200 Post Oak Blvd., Floor 18
Houston, TX 77056
website: www.sjbrt.com e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Joshua R. Peterson, Head of Trust Real Assets & Mineral Resources
and Senior Vice President
Kaye Wilke, Investor Relations, toll-free: (866) 809-4553
Collaboration to focus on DOE-NETL funded projects in USA
VANCOUVER, British Columbia & LENEXA, Kan.--(BUSINESS WIRE)--#carboncapture--Svante Inc. has selected Kiewit Engineering Group Inc. to provide engineering, procurement and construction (EPC) services for two DOE funded carbon capture projects. On September 1, the United States Department of Energy’s National Energy Laboratory Technology (DOE-NETL) awarded $1,500,000 in federal funding for cost-shared development to support the initial engineering analysis and advancement of the LH CO2MENT Colorado first-of-a-kind commercial project of up to 2 million tonnes per year of CO2; and $13,000,000 in federal funding for the cost-shared development to support the design, construction and operation of a second-of-a-kind engineering-scale carbon capture plant at Chevron’s Kern River oil field in the San Joaquin Valley, California.
The carbon-capture facilities will employ Svante’s solid sorbent technology to capture carbon directly from industrial post-combustion flue gases as a non-intrusive ‘’end-of-the-pipe’’ solution to produce pipeline-grade CO2 for safe storage.
Svante’s technology is currently being deployed in the field at pilot plant-scale by industry leaders in the energy and cement manufacturing sectors. The CO2MENT Pilot Plant Project – a partnership between LafargeHolcim and TOTAL S.A. – is building a 1 tonne per day plant in Richmond, British Columbia, Canada that will re-inject captured CO2 into concrete, while the construction and commissioning of a 30 tonne per day demonstration plant was completed in 2019 at an industrial facility in Lloydminster, Saskatchewan, Canada. The demonstration plant is currently operating with an up-stream factor of about 85% and achieving the design performance.
‘’We are very proud to become the engineering and construction partner of Svante for the deployment of this novel technology leveraging our expertise in building carbon capture plants. New technologies have the greatest probability of success when deployed with an integrated project delivery approach by organizations skilled at driving cost and schedule certainty.’’ said Jon P. Gribble, EVP Services, Kiewit Engineering Group Inc.
“With the development of new sustainable investment strategies, in combination with government policies such as the United States’ 45Q tax credit to incentivize industry and traditional project financing, the financial sector is poised to support industrial scale carbon capture that will have a meaningful impact on the climate change,” said Claude Letourneau, President and CEO of Svante. “These projects along with the US DOE-NETL funding are an important external validation that we are becoming a significant global technology provider in the carbon capture space across a range of large-scale industrial applications like cement and blue hydrogen”.
About Svante
Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be recycled for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu; CEO of OGCI Climate Investments Pratima Rangarajan; and Steven Berkenfeld, former Head of Industrial & Cleantech Practice at Barclays Capital. To learn more about Svante’s technology, click here or visit Svante’s website. You can also connect with us on LinkedIn or Twitter @svantesolutions.
About Kiewit
Kiewit is one of North America’s largest and most respected construction and engineering organizations. With its roots dating back to 1884, the employee-owned organization operates through a network of subsidiaries in the United States, Canada, and Mexico. Kiewit offers construction and engineering services in a variety of markets including transportation; oil, gas and chemical; power; building; water/wastewater; industrial; and mining. Kiewit had 2019 revenues of $10.3 billion and employs 23,000 staff and craft employees. For more information on Kiewit’s projects and carbon capture capabilities, click here or visit our website.
Svante
Julia McKenna (Media)
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+1 (778) 985 5722
Kiewit
Angela Nemeth (Media)
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+1 402-952-4627
AKRON, Ohio--(BUSINESS WIRE)--$BW--Babcock & Wilcox (B&W) (NYSE: BW) announced today that its B&W Thermal segment will design, manufacture and supply new superheater components for a B&W Universal Pressure supercritical (highly efficient) boiler at Luminant’s Oak Grove Power Plant near Franklin, Texas. The plant provides low-emissions power to more than one million central Texas homes and businesses.
Engineering is underway for the contract, which was awarded to B&W’s subsidiary, The Babcock & Wilcox Company. Components will be manufactured in B&W’s Monterrey, Mexico, facility.
“B&W Thermal serves an essential role in maintaining the global power plant fleet,” said B&W Chief Operating Officer Jimmy Morgan. “Now more than ever, it’s important that plants continue to operate efficiently, and we’re proud to supply reliable, cost-effective technologies to help customers across a wide range of industries meet emission standards. We thank Luminant for the opportunity to supply components for this important boiler maintenance project.”
Material delivery to Oak Grove is scheduled for February 2021.
B&W Universal Pressure boilers are designed to operate at highly efficient steam outlet temperatures of approximately 1100° F and at supercritical pressures, producing power with lower overall emissions than subcritical pressure boilers.
About B&W
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises, Inc., is a global leader in energy and environmental technologies and services for the power and industrial markets. Follow us on Twitter @BabcockWilcox and learn more at www.babcock.com.
About B&W Thermal
Babcock & Wilcox Thermal designs, manufactures and erects steam generation equipment, aftermarket parts, construction, maintenance and field services for plants in the power generation, oil & gas, and industrial sectors. B&W has an extensive global base of installed equipment for utilities and general industrial applications including refining, petrochemical, food processing, metals and more.
Forward-Looking Statements
B&W cautions that this release contains forward-looking statements, including, without limitation, statements relating to the execution and completion of a contract to design, manufacture and supply new superheater components for a B&W Universal Pressure supercritical boiler at Luminant’s Oak Grove Power Plant near Franklin, Texas. These forward-looking statements are based on management’s current expectations and involve a number of risks and uncertainties. For a more complete discussion of these risk factors, see our filings with the Securities and Exchange Commission, including our most recent annual report on Form 10-K. If one or more of these risks or other risks materialize, actual results may vary materially from those expressed. We caution readers not to place undue reliance on these forward-looking statements, which speak only as of the date of this release, and we undertake no obligation to update or revise any forward-looking statement, except to the extent required by applicable law.
Investors:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Ryan Cornell
Public Relations
Babcock & Wilcox
330.860.1345 | This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Leadership Quadrant of Fuel Additive Suppliers - 2019" report has been added to ResearchAndMarkets.com's offering.
The fuel additive manufacture landscape is diverse and continually evolving. Major players in fuel additive market have diversified product portfolios, strong geographical reach, and have made several strategic initiatives. The dynamics of the fuel additive market extends beyond routine macro-economic elements of supply and demand. It is the relationship between buyer's needs and seller's capabilities as well as the macroeconomic forces at work that affect the market. It is how well and how efficiently the sellers meet the needs of the buyers that determine long-term success.
Over the years, the level of demand for fuel additives has increased due to the increasing penetration of Ultra-Low Sulphur Diesel (ULSD). Fuel additives are used for a variety of applications, such as gasoline, diesel, and others and is forecast to grow at a CAGR of 7%. The major growth drivers for this market are growing fuel demand, growing awareness among users regarding the benefits of fuel additives, demand of high fuel efficiency, and stringent regulations and emission standards adopted by various countries.
Firms that produce fuel additive are approaching market opportunities with starkly different strategies. The analyst, a leading global management consulting and market research firm, has analyzed the global fuel additive suppliers and has come up with a comprehensive research report, Leadership Quadrant and Strategic Positioning of Fuel Additive Suppliers. Using its proprietary research methodology, the analyst has developed a comparative analysis tool, the Leadership Quadrant,' which identifies leaders, contenders, visionaries, and specialists in the fuel additive market and rates each fuel additive producer.
This report also offers a full competitive analysis from target markets to product mapping, from selling strategies to production capabilities. In this research study, eight companies such as Lubrizol, Afton, Innospec, Infineum, BASF, Chevron, Fuel Performance, and Evonik were analyzed and profiled because they are the top revenue producers for fuel additive. The eight profiled manufacturers are grouped in the quadrant. The leadership quadrant analyzes the relative strength among these players. The leadership quadrant addresses the need in the market for manufacturer evaluation based on objective data and metrics.
A total of 60 figures/charts and 6 tables are provided in this 140-pages report to help in your business decisions.
This report answers the following key questions:
Key Topics Covered:
1. Leadership Analysis
1.1: Market Description
1.2: Scoring Criteria
1.3: Leadership Quadrant Analysis
1.3.1: Leaders (Top Right)
1.3.2: Contenders (Bottom Right)
1.3.3: Visionaries (Top Left)
1.3.4: Specialists (Lower Left)
2. Competitive Benchmarking
2.1: Product Portfolio Analysis
2.2: Financial Strength
2.3: Market Share Analysis
2.3.1: Market Share in Various Segments
2.3.2: Market Share in Various Regions
3. Lubrizol Profile
3.1: Company Overview
3.1.1: Lubrizol Company Description and Business Segments
3.1.2: Lubrizol Company Statistics
3.2: Fuel Additive Business Overview
3.2.1: Fuel Additive Business Segment
3.2.2: Global Fuel Additive Operations
3.2.3: Key Differentiators and Strengths
3.3: Products and Product Positioning
3.3.1: Product Line Overview
3.3.2: Fuel Additive Product Mapping
3.3.3: Product Positioning in Market Segments
3.4: Markets and Market Positioning
3.4.1: Market Position in Global Fuel Additive Business
3.5: Revenue Breakdown by Market Segments
3.6: Revenue Breakdown by Regions
3.7: Production
3.7.1: Global Manufacturing Operations
3.8: Innovation and Market Leadership
3.9: Marketing, Sales, and Organizational Capabilities
3.9.1: Marketing and Sales
3.9.2: Management Commitment and Track Record
3.10: Financial Strength
4. Afton Profile
5. Innospec Profile
6. Infineum Profile
7. BASF Profile
8. Chevron Profile
9. Fuel Performance Profile
10. Evonik Profile
For more information about this report visit https://www.researchandmarkets.com/r/kb7qff
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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IRVING, Texas--(BUSINESS WIRE)--Fluor Corporation (NYSE: FLR) announced today that its joint venture COOEC-Fluor Heavy Industries, Co., Ltd. (COOEC-Fluor) fabrication yard in Zhuhai, China, has been awarded a contract to fabricate jackets and suction caissons by Seaway 7, the Renewables business unit of Subsea 7, for phase one of the Seagreen offshore wind farm project (Seagreen 1) located in the North Sea off the coast of Scotland.
“Fluor is committed to building a better world by providing renewable energy solutions to meet our clients’ needs,” said Mark Fields, president of Fluor’s energy and chemicals business. “Through our joint venture COOEC-Fluor fabrication yard – one of the world’s largest – we will demonstrate Fluor’s commitment to sustainable development by working with Seaway 7 to successfully deliver the jackets and suction caissons for Scotland’s largest wind farm.”
COOEC-Fluor’s scope of work for Seagreen 1 includes the fabrication and load-out of suction caisson jackets.
When complete, Seagreen will generate up to 1,075 megawatts – enough to supply electricity for approximately 1 million homes.
About Fluor Corporation
Fluor Corporation (NYSE: FLR) is a global engineering, procurement, fabrication, construction and maintenance company with projects and offices on six continents. Fluor’s 47,000 employees build a better world by designing, constructing and maintaining safe, well-executed, capital-efficient projects. Fluor is ranked 181 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has served its clients for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
#ec
Brian Mershon
Media Relations
469.398.7621
Jason Landkamer
Investor Relations
469.398.7222
CARNEGIE, Pa.--(BUSINESS WIRE)--Ampco-Pittsburgh Corporation (NYSE: AP) (the “Corporation” or “Ampco-Pittsburgh”) announced today that it has received $18,557,202.89 of subscriptions (approximately 93% subscribed) for its up to $20 million rights offering. Approximately 7%, or $1,442,797.11, remains available. In order to accommodate right holders who wish to subscribe for additional units, Ampco-Pittsburgh is extending the expiration of its previously announced rights offering two business days to 5:00 PM Eastern Time on Friday, September 18, 2020 (the “Extended Expiration Time”). The rights offering was previously scheduled to expire on Wednesday, September 16, 2020.
This extension is being offered to ensure adequate time for rights holders to make their investment decision and for additional orders to be processed. All other terms and conditions of the rights offering remain unchanged.
The rights offering allows Ampco-Pittsburgh’s shareholders of record as of August 17, 2020, to purchase up to 12,800,795 units. Units consist of shares of common stock (the “Common Shares”) and Series A warrants to purchase Common Shares, which expire on August 1, 2025. The subscription price for units entitling participants in the rights offering to a whole Common Share and to receive a Series A warrant to purchase a whole Common Share was determined based on $3.50 per share. In addition, the exercise price for Series A warrants to purchase a whole Common Share has been set at $5.75 per share. The units and Series A warrants will be exercisable only for whole Common Shares.
If exercising subscription rights through a broker, dealer, custodian bank, or other nominee (including any mobile investment platform), then rights holders of record should deliver all required subscription documents and subscription payments pursuant to the instructions provided by their nominee.
If shares of common stock are held in the rights holder’s name, and subscription rights will not be exercised through a broker, dealer, custodian bank, or other nominee (including any mobile investment platform), then the subscription certificate, all other required subscription documents, and subscription payments should be sent by mail to Broadridge Corporate Issuer Solutions, Inc., the Subscription Agent, at the address below, to be received before the Extended Expiration Time. Participants should refer to the instructions included with the subscription documents for complete information regarding completing and submitting the subscription documents.
By Mail:
Broadridge Corporate Issuer Solutions, Inc.
Attn: BCIS re-Organization Dept.
P.O. Box 1317
Brentwood, NY 11717-0718
By Hand Delivery or Overnight Courier:
Broadridge Corporate Issuer Solutions, Inc.
Attn: BCIS IWS
51 Mercedes Way
Edgewood, NY 11717
For additional information on the rights offering, please reference the prospectus filed pursuant to the Corporation’s registration statement on Form S-1, as amended, which can be viewed at this link to the SEC’s Edgar website (https://www.sec.gov/edgar).
The rights offering includes an over-subscription privilege, which entitles each rights holder that exercises all its basic subscription privileges in full the right to purchase additional units that remain unsubscribed at the Extended Expiration Time. The over-subscription privileges are subject to availability and a pro-rata allocation of shares among participants. All basic subscription rights and over-subscription privileges may be exercised during the subscription period of Tuesday, August 18, 2020, through the Extended Expiration Time at 5:00 PM Eastern Time, Friday, September 18, 2020.
If a rights holder does not exercise their subscription rights before the Extended Expiration Time, such rights will be deemed expired and void and will have no value. Such rights holders will then own the same number of the Corporation’s common shares as before the commencement of the rights offering.
A copy of the prospectus and related materials were sent to holders of record on August 17, 2020. Additionally, a copy of the prospectus may be requested from, and questions relating to the rights offering may be directed to, the information agent for the rights offering, as follows:
Rights Offering Information Agent
D.F. King & Co., Inc.
48 Wall Street, 22nd Floor
New York, NY 10005
Telephone at (212) 269-5550 (bankers and brokers) or (800) 290-6432 (all others)
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Ampco-Pittsburgh has engaged Advisory Group Equity Services, Ltd. d/b/a RHK Capital to act as dealer-manager for the rights offering. Any broker-dealers interested in participating in the rights offering may contact This email address is being protected from spambots. You need JavaScript enabled to view it..
The Company’s registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission on August 13, 2020. The prospectus relating to and describing the terms of the rights offering has been filed with the SEC on August 17, 2020, and is available on the SEC’s website at www.sec.gov. This announcement shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state.
About Ampco-Pittsburgh Corporation
Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry. It also manufactures open-die forged products that principally are sold to customers in the steel distribution market, oil and gas industry, and the aluminum and plastic extrusion industries. The Corporation is also a producer of air and liquid processing equipment, primarily custom-engineered finned tube heat exchange coils, large custom air handling systems, and centrifugal pumps. It operates manufacturing facilities in the United States, England, Sweden, Slovenia, and participates in three operating joint ventures located in China. It has sales offices in North and South America, Asia, Europe, and the Middle East. Corporate headquarters is located in Carnegie, Pennsylvania.
Forward-Looking Statements
The Private Securities Litigation Reform Act of 1995 (the “Act”) provides a safe harbor for forward-looking statements made by or on behalf of the Corporation. The information contained in this press release may include, but are not limited to, statements about undertaking the rights offering described herein, operating performance, trends, events that the Corporation expects or anticipates will occur in the future, statements about sales and production levels, restructurings, the impact from global pandemics (including COVID-19), profitability and anticipated expenses and cash outflows. All statements in this document other than statements of historical fact are statements that are, or could be, deemed “forward-looking statements” within the meaning of the Act and words such as “may,” “intend,” “believe,” “expect,” “anticipate,” “estimate,” “project,” “forecast” and other terms of similar meaning that indicate future events and trends are also generally intended to identify forward-looking statements. Forward-looking statements speak only as of the date on which such statements are made, are not guarantees of future performance or expectations and involve risks and uncertainties. For the Corporation, these risks and uncertainties include, but are not limited to: cyclical demand for products and economic downturns; excess global capacity in the steel industry; increases in commodity prices or shortages of key production materials; consequences of global pandemics (including COVID-19); new trade restrictions and regulatory burdens associated with “Brexit”; inability of the Corporation to successfully restructure its operations; limitations in availability of capital to fund the Corporation’s operations and strategic plan; inability to satisfy the continued listing requirements of the New York Stock Exchange; potential attacks on information technology infrastructure and other cyber-based business disruptions; and those discussed more fully in documents filed with the SEC by the Corporation, particularly in the prospectus related to the rights offering and in Item 1A, Risk Factors, in Part I of the Corporation’s latest annual report on Form 10-K, and Part II of the Corporation’s Form 10-Q for the quarter ended June 30, 2020. The Corporation cannot guarantee any future results, levels of activity, performance or achievements. In addition, there may be events in the future that the Corporation may not be able to predict accurately or control which may cause actual results to differ materially from expectations expressed or implied by forward-looking statements. Except as required by applicable law, the Corporation assumes no obligation, and disclaims any obligation, to update forward-looking statements whether as a result of new information, events or otherwise.
Michael G. McAuley
Senior Vice President, Chief Financial Officer and Treasurer
(412) 429-2472
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LONDON--(BUSINESS WIRE)--#FrackingWaterTreatmentMarket--This report provides comprehensive insights into the fracking water treatment market by application (treatment and recycle and deep well injection), geography (APAC, Europe, MEA, North America, and South America), market valuations and forecasts, and the competitive landscape globally.
The research is classified into seven sections – fracking water treatment market landscape, market sizing, five force analysis, customer landscape, geographic landscape, drivers, challenges, and trends, and vendor landscape and analysis.
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Key Topics Covered:
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Tigo Enhanced aims to increase customers’ confidence in selecting an MLPE device, while ensuring a reliable and cost-effective solution.
CAMPBELL, Calif.--(BUSINESS WIRE)--#rapidshutdown--Tigo Energy, Inc. has launched a joint marketing program, called Tigo Enhanced, in conjunction with its major inverter partners to make it even easier for customers to choose Tigo's reliable module level power electronics (MLPE) for their solar PV projects.
Under the program, inverter partners that use Tigo technology will include a Tigo Enhanced logo on their specification sheets and product marketing material. The Tigo Enhanced logo creates a clear visual link between the Tigo MLPE that gets installed on the back of each PV module and the inverter that integrates Tigo’s technology - giving customers the assurance of a reliable, plug and play solution for their PV projects.
“We have the most reliable and cost-effective rapid shutdown solution available, along with the largest network of inverters that our customers can choose from,” said Zvi Alon, Chairman and CEO of Tigo. “We wanted to create a program that makes it simple for our clients to select our trusted rapid shutdown solution with the inverter of their choice.”
Customers can look for the Tigo Enhanced logo on the inverter and know that the system has been designed to work with Tigo’s MLPE that are connected to each module.
“So now, the only thing our customers need to do to benefit from the experience of the leading solution in the market is verify that the inverter they choose carries the Tigo Enhanced logo - very simple,” added Zvi.
The launch of the Tigo Enhanced program comes on the heels of Tigo introducing its latest MLPE for rapid shutdown, the TS4-A-2F. Tigo’s rapid shutdown solutions are certified as UL Photovoltaic Rapid Shutdown Systems (PVRSS) - an electrical code requirement - with hundreds of inverter types.
Across the US, every new rooftop PV installation is required - or will soon be required - to have module level rapid shutdown capability for the safety of first responders. As a result, many installers and PV system owners are looking for reliable and cost-effective ways to meet the requirements and protect their assets.
“Many people are looking into rapid shutdown solutions and MLPE for the first time. The Tigo Enhanced program is all about making it simple and straightforward for them to get a reliable solution that meets their needs,” said John Lerch, Tigo’s Global Marketing Director.
Tigo equipment is installed with PV systems on all seven continents with thousands of different inverter models that are helping produce gigawatt hours of clean energy every single day.
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About Tigo
Tigo is a Silicon Valley company founded in 2007 by a team of experienced technologists. Combining a unique systems-level approach with expertise in semiconductors, power electronics, and solar energy, the Tigo team developed the first-generation Smart Module Optimizer technology for the solar industry. Tigo's vision is to leverage integrated and retrofitted Flex MLPE and communications technology to drive the cost of solar electricity down. By partnering with tier 1 module and inverter manufacturers in the industry, Tigo is able to focus on its key innovation with the smartest TS4 modular platform and leverage the broader ecosystem. Tigo has operations in the USA, Europe, Latin America, Japan, China, Australia, and the Middle East. Visit www.tigoenergy.com.
John Lerch
408.402.0802 x430
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LONDON--(BUSINESS WIRE)--#GlobalMethanolMarket--Technavio has been monitoring the methanol market and it is poised to grow by $ 15.62 bn during 2020-2024, progressing at a CAGR of over 10% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts
Frequently Asked Questions:
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, BP Plc, Celanese Corp., ENERKEM Inc., Eni Spa, LyondellBasell Industries NV, Methanex Corp., OCI NV, Petroliam Nasional Berhad, and Proman AG are some of the major market participants. The increasing adoption of MTO technology will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
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Methanol Market 2020-2024: Segmentation
Methanol Market is segmented as below:
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Methanol Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The methanol market report covers the following areas:
This study identifies the rising demand for methanol from China as one of the prime reasons driving the methanol market growth during the next few years.
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Methanol Market 2020-2024: Key Highlights
Table of Contents:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by End-user
Market Segmentation by Derivative Type
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
Appendix
About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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HOUSTON & LONDON--(BUSINESS WIRE)--Baker Hughes (NYSE: BKR) will hold a webcast on Wednesday, October 21, 2020 to discuss the results for the third quarter ending September 30, 2020. The webcast is scheduled to begin at 9:00 a.m. Eastern Time (8:00 a.m. Central Time). A press release announcing the results will be issued at 7:00 a.m. Eastern Time (6:00 a.m. Central Time).
To access the webcast, listeners should visit the Baker Hughes website at: investors.bakerhughes.com. An archived version will be available on the website following the webcast.
About Baker Hughes:
Baker Hughes (NYSE: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and with operations in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.
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DUBLIN--(BUSINESS WIRE)--The "North America Fracking Chemicals Market - Growth, Trends, and Forecasts (2020 - 2025)" report has been added to ResearchAndMarkets.com's offering.
The North America fracking chemicals market is expected to grow at a CAGR of approximately 8.77% during the forecast period
Factors such as high active rig count, longer lateral lengths, increased number of frac stages per well, and the amount of fracking fluid used per frac stage are expected to drive the market. Moreover, the market is expected to be driven by the completion of a large number of uncompleted wells in the United States. However, volatile crude oil prices and the environmental risks associated with hydraulic fracturing are restraining the hydraulic fracturing services market and, in turn, the fracking chemicals market in North America.
Key Market Trends
Water-Based Fluid Segment to Dominate the Market
United States to Dominate the Market
Competitive Landscape
The North America fracking chemicals market is moderately fragmented. Some of the key players are Halliburton Company, BASF SE, The Dow Chemical Company, CES Energy Solutions Corp, and Solvay SA.
Key Topics Covered:
1 INTRODUCTION
1.1 Scope of the Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast, in USD billion, till 2025
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.2 Restraints
4.6 Supply Chain Analysis
4.7 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 Fluid Type
5.1.1 Water-Based
5.1.2 Foam-Based
5.1.3 Others
5.2 Well Type
5.2.1 Vertical
5.2.2 Horizontal & Directional
5.3 Geography
5.3.1 United States
5.3.2 Canada
5.3.3 Rest of North America
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 The Dow Chemical Company
6.3.2 Parchem Fine & Specialty Chemicals Inc.
6.3.3 Halliburton Company
6.3.4 Solvay SA
6.3.5 SNF Group
6.3.6 DuPont de Nemours, Inc.
6.3.7 BASF SE
6.3.8 Flotek Industries Inc.
6.3.9 CES Energy Solutions Corp.
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE:XOM) and the National Math and Science Initiative (NMSI) are bringing college readiness and foundational education programs to students in Permian-area schools in Midland Independent School District and Ector County Independent School District in Texas and the Carlsbad Municipal School District in New Mexico.
Two core programs will come to the Permian region, including the College Readiness Program — a comprehensive, three-year program designed to increase student participation and performance in Advanced Placement® coursework in math, science, computer science and English.
The second program, called Laying the Foundation, provides educators of 3rd through 12th grade students with hands-on training, strategies and resources to raise academic rigor and prepare students for advanced critical and creative thinking. The programs will start in the 2020-21 academic year and can be implemented in both classroom-based and virtual settings.
“ExxonMobil is one of the largest oil and gas operators in the Permian Basin, and we’ve heard from parents and educators that these programs would make a difference for their students and children,” said Bart Cahir, senior vice president of unconventional at ExxonMobil. “Through our association with the National Math and Science Initiative, we’ve been able to increase the value we bring to communities where we operate by strengthening opportunities for today’s students and generations to come.”
ExxonMobil helped launch NMSI in 2007 to improve math and science education across the United States. Schools that implement NMSI programs have been shown to improve Advanced Placement® exam performance up to five times greater than the national average and improve teacher capacity to advance student achievement at all levels. Since its founding, NMSI has helped two million students and more than 65,000 teachers.
“Proficiency in math and science is crucial to our country’s capacity for innovation and future economic growth, yet a growing number of today’s students lack foundational knowledge and skills in these subjects,” said Dr. Bernard A Harris, Jr., chief executive officer of the National Math and Science Initiative and the first Black astronaut to complete a spacewalk. “With ExxonMobil’s generous support, we’re able to continue addressing this critical gap by expanding to school districts in the Permian region.”
NMSI programs include collaboration and goal setting with partner schools, intensive teacher training and support from expert educators, student study resources, lab and classroom supplies, exam subsidies and greater access to advanced courses to broaden student participation, particularly among Black, Latino, female and military-dependent students. The nonprofit organization uses evidenced-based programming and has expanded its online training and resources to support teachers, students and families during the COVID-19 pandemic.
ExxonMobil has a long history of support for communities where it operates. Earlier this year, ExxonMobil supported the West Texas Food Bank and the Carlsbad Municipal School District to help those facing difficult economic circumstances during the COVID-19 pandemic. ExxonMobil is a founding member of the Permian Strategic Partnership, an alliance of 19 energy companies, working in partnership with community leaders to address public education, health care, housing, infrastructure and workforce development.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy companies, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. To learn more, visit exxonmobil.com and the Energy Factor.
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About National Math and Science Initiative
Founded in 2007, the National Math and Science Initiative is a Dallas-based nonprofit with a presence in 40 states. Its mission is to advance science, technology, engineering and math education to ensure all students, especially those furthest from opportunity, thrive and reach their highest potential as problem solvers and lifelong learners. In STEM fields, this often includes Black, Latino and female students. The nonprofit organization helps develop new STEM teachers through its Teacher Pathways programs, and supports schools, teachers and students through Laying the Foundation and the College Readiness Program. Learn more at nms.org.
ExxonMobil Media Relations, (972) 940-6007
National Math and Science Initiative, (214) 346-1249
LONDON--(BUSINESS WIRE)--#GlobalWindTurbineGeneratorMarket--The global wind turbine generator market is expected to grow by USD 7.22 billion as per Technavio. This marks a significant market slow down compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. However, steady growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of almost 4%.
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The market is driven by the rise in wind energy consumption. In addition, R&D in direct-drive generators for wind turbines is anticipated to boost the growth of the wind turbine generator market.
The depletion of conventional sources of energy and rising GHG emissions are fueling the adoption of renewable energy sources across the world. Wind energy is one of the most abundant and efficient source of power generation compared to other renewable energy sources. In 2018, China added a wind capacity of 23,000 MW. Similarly, countries such as Denmark, Spain, Germany, and the UK produce more than 10% of their power from wind energy. The growing use of wind energy worldwide is increasing the demand for wind turbine generators, thereby driving the growth of the market.
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Major Five Wind Turbine Generator Companies:
ABB Ltd.
ABB Ltd. operates its business through segments such as Electrification, Industrial Automation, Motion, Robotics & Discrete Automation, and Corporate and Other. The company offers generators for all drivetrain concepts such as gearless or geared, and also for both doubly-fed and full converter type and all power and voltage levels up to 20 MW and 15 kV.
Alxion
Alxion operates its business through a unified segment. The company offers AC frameless permanent magnet generators which include 6 sizes from 145 mm up to 800 mm available in four different lengths per size and two standard rated speeds.
AVANTIS Energy Group
AVANTIS Energy Group operates its business through a unified segment. The company offers water-cooled permanent magnet synchronous generator with 690 V and 120 poles per phase (3 phases) to operate at low revolution speeds.
Bora Energy
Bora Energy operates its business through a unified segment. The company develops a series of wind turbine generators specifically made for remote, industrial, and community wind, simulating large wind farm turbines features.
General Electric Co.
General Electric Co. operates its business through segments such as Power, Renewable energy, Aviation, and Healthcare. The company offers medium and large generators (3.2-3.8 MW at 50 or 60 Hz).
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Wind Turbine Generator Market Application Outlook (Revenue, USD Billion, 2020-2024)
Wind Turbine Generator Market Geography Outlook (Revenue, USD Billion, 2020-2024)
Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more.
Related Reports on Industrials Include:
Global Wind Turbine Bearing Market – Global wind turbine bearing market by product (GBMB and BBYBGB), application (offshore and onshore), and geography (APAC, Europe, North America, South America, and MEA).
Global Industrial Gearbox Market – Global industrial gearbox market by product (standard gearbox, and precision gearbox), end-user (power generation, oil & gas, general machinery, and others), and geography (North America, APAC, Europe, South America, and MEA).
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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- Company will host a virtual ceremony to commemorate event -
CANTON, Ohio--(BUSINESS WIRE)--Hall of Fame Resort & Entertainment Company (“HOFV” or the “Company”) (NASDAQ: HOFV, HOFVW), a resort, entertainment and media company centered around the power of professional football and owner of the Hall of Fame Village powered by Johnson Controls in Canton, Ohio, has announced that construction on Phase II of the resort will commence on September 17, 2020, with the groundbreaking of the Constellation Center for Excellence (the “Center”). To commemorate the event, the Company will host a virtual ceremony, which can be viewed by using the link below.
Constellation Center for Excellence Groundbreaking Video
“We are very excited to continue the expansion of Phase II of the Hall of Fame Village powered by Johnson Controls with the groundbreaking of the Constellation Center for Excellence,” said Michael Crawford, President and CEO of HOFV. “The Center will be an innovative hub and interactive environment for companies and individuals to collaborate and convene in a multitude of ways to further the sport. We are building a world-class, smart, sustainable and digital facility where partners can collectively conduct research focused on helping athletes reach their full potential while making sports safer overall.”
The Constellation Center for Excellence will be a 75,000-square-foot, mixed-use facility that will include a variety of sports-centric research and programming, office space and retail pads. The types of tenants the Center will house include those that are dedicated to improving the game, player safety and the mind and body through research and technology. Constellation, an Exelon company and a leading competitive energy supplier, plans to utilize the Center to host regional energy conferences and other customer-focused events.
Mr. Crawford continued, “On behalf of our entire Company, I want to thank our partner, Constellation, for its support for this facility. We are thrilled to work alongside the Constellation team and to create an innovative center that will provide a home for some of the best technology and brightest minds in the world.”
Constellation, the official energy provider for the Hall of Fame Village powered by Johnson Controls and the Pro Football Hall of Fame, provided funding for the Center through its Efficiency Made Easy® (EME) program. EME will enable HOFV to implement energy-efficient technology at the Center and other facilities within the Hall of Fame Village campus without any upfront capital expense.
“We are very excited that construction on the Constellation Center for Excellence is underway and are eager to utilize this facility and our work with a historic organization like the Pro Football Hall of Fame to showcase our innovative and sustainable solutions to our customers and industry thought leaders,” said Mark Huston, President of Constellation’s National Retail Business. “We’re also pleased that the HOFV is leveraging our Efficiency Made Easy program to build this facility — and implement other energy conservation measures across its campus — with sustainability at the forefront.”
“Now that we have crossed the goal line as it relates to the groundbreaking on the Constellation Center for Excellence, we look forward to the next steps of the construction process, which will include bringing together our partners at Constellation, along with our construction team and Johnson Controls, to ensure we have the foundation to deliver a world-class facility that is smart and sustainable,” said Carol Smith, Senior Vice President - Special Projects for HOFV. “Upon completion, which is expected to occur late next year, the Center will be one of the top sports-specific research and programming centers in the world, and will be another reason fans are drawn to the Hall of Fame Village powered by Johnson Controls.”
In addition to the Constellation Center for Excellence, other projects slated for Phase II include the Center for Performance – an 135,000-square-foot, state-of-the-art indoor field house and training facility – an indoor, football-themed waterpark; additional youth fields; stadium expansions; two premium hotels; and a retail promenade.
About the Hall of Fame Resort & Entertainment Company
The Hall of Fame Resort & Entertainment Company (NASDAQ: HOFV, HOFVW) is a resort and entertainment company leveraging the power and popularity of professional football and its legendary players in partnership with the Pro Football Hall of Fame. Headquartered in Canton, Ohio, the Hall of Fame Resort & Entertainment Company is the owner of the Hall of Fame Village powered by Johnson Controls, a multi-use sports, entertainment and media destination centered around the Pro Football Hall of Fame's campus. Additional information on the Company can be found at www.HOFREco.com.
About Constellation
Constellation is a leading competitive retail supplier of power, natural gas and energy products and services for homes and businesses across the continental United States. Constellation's family of retail businesses serves approximately 2 million residential, public sector and business customers, including three-fourths of the Fortune 100. Baltimore-based Constellation is a subsidiary of Exelon Corporation (Nasdaq: EXC), the nation's leading competitive energy provider, with 2019 revenues of approximately $34 billion, and more than 31,000 megawatts of owned capacity comprising one of the nation's cleanest and lowest-cost power generation fleets. Learn more at www.constellation.com or on Twitter at @ConstellationEG.
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Next phase of project feasibility study to commence, will develop facility design to support capture, use and storage of 2 million tonnes of carbon dioxide annually
CHICAGO & HOUSTON & PARIS & VANCOUVER, British Columbia--(BUSINESS WIRE)--On September 1, the United States Department of Energy’s National Energy Technology Laboratory (DOE-NETL) awarded $1.5 million in federal funding for cost-shared research and development to support the initial engineering analysis and advancement of the LH CO2MENT Colorado Project, which was the subject of a scoping study launched earlier this year. The commercial-scale carbon-capture project, based in Florence, Colorado, is a partnership of Svante Inc., LafargeHolcim, Oxy Low Carbon Ventures, LLC (OLCV), a wholly-owned subsidiary of Occidental, and Total.
With the successful completion of the initial scoping study in June 2020 and confirmation of DOE funding, the partnership has committed to the next project phase to evaluate the feasibility of the facility designed to capture up to 2 million tonnes of carbon dioxide per year directly from the Holcim cement plant and the natural gas-fired steam generator, which would be sequestered underground permanently by Occidental.
“Oxy Low Carbon Ventures is leveraging Occidental’s 40 years of experience in securely storing CO2 in geologic formations to advance permanent sequestration as a solution that supports global emissions reduction efforts through carbon retirement,” said Oxy Low Carbon Ventures President Richard Jackson. “This partnership is a powerful example of how cross-industry collaboration can help progress carbon capture, utilization and storage projects that will be critical to accelerating the transition to a lower-carbon world.”
The carbon-capture facility under review will employ Svante’s solid sorbent technology to capture carbon directly from the cement kiln as a non-intrusive “end-of-the-pipe’’ solution.
“We have been very vocal about the importance we place on finding and accelerating global solutions to reduce our carbon footprint,” said Jamie Gentoso, CEO, U.S. Cement for LafargeHolcim. “Effective and efficient large scale carbon capture technology will be a profound advancement for many industries. This U.S. DOE grant is a significant step in advancing this first-of-its-kind, large-scale technology, and we’re proud to partner with Svante, Oxy Low Carbon Ventures and Total to bring it to life.”
“This project along with the U.S. DOE funding is an important external validation that we are becoming a significant global technology provider in carbon capture space across a range of large-scale industrial applications like cement and blue hydrogen,” said Claude Letourneau, president and CEO of Svante Inc.
“Total brings its experience in this new phase of feasibility to support the development of Svante’s promising CO2 capture technology. Together with our industrial partners and thanks to public-private initiative, we aim at accelerating the deployment, at scale, of innovative and cost-efficient technologies, contributing to decarbonize industry and curb CO2 emissions,” said Marie-Noëlle Semeria, senior vice president, Group CTO at Total.
Electricore, Inc. will facilitate management of the federal grant, and Kiewit Engineering Group Inc. will lead the engineering development. This joint initiative follows the recently-launched Pilot Plant Project CO2MENT between Svante, LafargeHolcim and Total in Canada at the Lafarge Richmond cement plant, where progress has been made towards re-injecting captured CO2 into concrete.
About Total
Total is a broad energy company that produces and markets fuels, natural gas and low-carbon electricity. Our 100,000 employees are committed to better energy that is more affordable, more reliable, cleaner and accessible to as many people as possible. Active in more than 130 countries, our ambition is to become the responsible energy major. www.total.com
Cautionary Note
This press release, from which no legal consequences may be drawn, is for information purposes only. The entities in which TOTAL S.A. directly or indirectly owns investments are separate legal entities. TOTAL S.A. has no liability for their acts or omissions. In this document, the terms “Total”, “Total Group” and Group are sometimes used for convenience. Likewise, the words “we”, “us” and “our” may also be used to refer to subsidiaries in general or to those who work for them. This document may contain forward-looking information and statements that are based on a number of economic data and assumptions made in a given economic, competitive and regulatory environment. They may prove to be inaccurate in the future and are subject to a number of risk factors. Neither TOTAL S.A. nor any of its subsidiaries assumes any obligation to update publicly any forward-looking information or statement, objectives or trends contained in this document whether as a result of new information, future events or otherwise.
About Oxy Low Carbon Ventures
Oxy Low Carbon Ventures, LLC (OLCV) is a subsidiary of Occidental an international energy company with operations in the United States, Middle East, Africa and Latin America. OLCV is advancing cutting-edge, low-carbon technologies and business solutions that economically and sustainably grow our business while reducing emissions. OLCV is also progressing the development of low-carbon fuels and products, as well as sequestration services to support carbon capture projects globally.
Cautionary Statement Regarding Forward-Looking Statements by Occidental
Any statements in this release relating to expectations, beliefs, plans or forecasts, including any statements relating to the success, capability or scalability of the project, that are not historical facts are forward-looking statements. These statements are typically identified by words such as “potential,” “will,” “would,” “should,” “may,” “plan,” “believe,” “expect,” “designed to,” or similar expressions that convey the prospective nature of events or outcomes. Actual results, including those related to project plans and timing and the impact and results of new technologies, including emission reductions, could vary from anticipated results. Factors that could cause actual results to differ include, but are not limited to: the scope and duration of the COVID-19 pandemic and actions taken by governmental authorities and other third parties in response to the pandemic; global commodity pricing fluctuations; supply and demand considerations for carbon capture and sequestration technologies; the competitiveness of alternative energy sources or product substitutes; higher-than-expected costs; the regulatory environment; availability of funding, personnel and materials; litigation; actions by third parties; failures in risk management; and changes in laws, regulations or tax rates. Material risks that may affect the results of Occidental and its subsidiaries appear in Part I, Item 1A “Risk Factors” of Occidental’s Annual Report on Form 10-K for the year ended December 31, 2019 and in Occidental’s other filings with the Securities and Exchange Commission.
About LafargeHolcim
LafargeHolcim is the global leader in building materials and solutions and active in four business segments: Cement, Aggregates, Ready-Mix Concrete and Solutions & Products. Its ambition is to lead the industry in reducing carbon emissions and shifting towards low-carbon construction. With the strongest R&D organization in the industry, the company seeks to constantly introduce and promote high-quality and sustainable building materials and solutions to its customers worldwide - whether individual homebuilders or developers of major infrastructure projects. In the United States, LafargeHolcim companies include close to 350 sites in 43 states and employ 7,000 people. Our customers rely on us to help them design and build better communities with innovative solutions that deliver structural integrity and eco-efficiency.
About Svante
Svante offers companies in emissions-intensive industries a commercially viable way to capture large-scale CO2 emissions from existing infrastructure, either for safe storage or to be recycled for further industrial use in a closed loop. With the ability to capture CO2 directly from industrial sources at less than half the capital cost of existing solutions, Svante makes industrial-scale carbon capture a reality. Svante’s Board of Directors includes Nobel Laureate and former Secretary of Energy, Steven Chu; CEO of OGCI Climate Investments Pratima Rangarajan; and Steven Berkenfeld, former Head of Industrial & Cleantech Practice at Barclays Capital. To learn more about Svante’s technology, click here or visit Svante’s website. You can also connect with us on LinkedIn or Twitter @svantesolutions.
Svante
Julia McKenna (Media)
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LafargeHolcim
Jocelyn Gerst
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Oxy Low Carbon Ventures
Merritt Talbott (Media)
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Total
Media Relations:
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Fortistar, Rumpke Waste & Recycling and Chesapeake Utilities Corporation Announce $33 Million Project to Address Global Climate Change
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--#CNG--Fortistar, a privately-owned investment firm that addresses global challenges, and Rumpke Waste & Recycling, one of the nation’s largest privately-owned residential and commercial waste and recycling firms, announced commencement of construction of the Noble Road Landfill Renewable Natural Gas (RNG) Project, a $33 million transportation decarbonization project in Shiloh, Ohio.
The project will extract and capture waste methane from the Noble Road landfill in Ohio and transform it into Renewable Natural Gas (RNG). The RNG will be distributed through a key partner, Chesapeake Utilities Corporation affiliate Aspire Energy’s pipelines. The fuel will be dispensed in fueling stations for natural gas vehicles via Trustar Energy, a Fortistar portfolio company. Like carbon dioxide, methane is a greenhouse gas (GHG) that contributes to climate change, but is 30 times more potent as a heat-trapping gas. The Noble Road Project will capture 20,323 tons of methane emissions, the equivalent of 49,940 tons of carbon dioxide, per year and produce RNG. Instead of simply flaring or burning the methane, the naturally occurring gas will generate sustainable energy and jobs in the community. It will produce 6.9 million gallons of gasoline gallon equivalents (GGE) per year, which is enough to fuel 725 biofuel trucks—displacing diesel fuel for those vehicles—and creating approximately 35 to 40 construction jobs and three permanent green operations jobs to ensure the ongoing production of this sustainable energy source.
“We believe that this should be the future for all landfills. At Fortistar, we repurpose the captured methane in a way that benefits local communities, environments and economies,” said Mark Comora, President at Fortistar. “That’s why we’re working with major innovators like Chesapeake Utilities Corporation, Air Liquide and partnering with Rumpke, which was recognized this year by Deloitte as one of the best managed companies in the U.S.”
“Our commitment is to the communities where we operate facilities and service customers,” said Area President, Andrew Rumpke. “Partnering with Fortistar on a Renewable Natural Gas (RNG) Project at the Noble Road Landfill aligns with our mission to deliver complete service solutions that provide long-term, positive and sustainable environmental and economic impacts. This project does just that.”
“As a collaborator across the renewable natural gas development, distribution and transmission value chain, our Company is committed to investing in innovative energy solutions for our customers while lowering the carbon footprint of our system,” said Jeff Householder, President and CEO of Chesapeake Utilities Corporation. “This unique project enables us to utilize our existing natural gas gathering assets to inject RNG into our system and deliver to our customers. Because of the magnitude of this project’s benefit, once flowing, the RNG volume will represent nearly 10 percent of Aspire Energy’s entire system.”
The project includes the construction of a new state-of-the-art facility that will utilize advanced, patented technology to treat landfill gas by removing carbon dioxide and other components to purify the gas and produce pipeline quality RNG. The process includes proprietary membranes provided by Air Liquide, a multinational leading company in gases, technologies and services for industry and health and the second largest supplier of industrial gases in over 80 countries.
This Noble Road Landfill RNG Project advances an aggressive renewable fuels growth strategy at Fortistar aimed at helping businesses and public agencies dramatically reduce GHG emissions with a cost-effective and proven solution today. The project is the fourth of 12 new Fortistar RNG projects with an investment of nearly $500 million, which is expected to enter construction over the next year. When completed over the next three years, these new projects will help produce 120 million GGE of RNG and reduce U.S. transportation emissions by 2 million metric tons of CO2 annually, which is the equivalent of taking approximately 424,628 passenger cars off the road.
Rumpke Waste & Recycling was named one of the 2020 U.S. Best Managed Companies. The award, sponsored by Deloitte Private and The Wall Street Journal, recognizes the best managed private companies in the country. Additionally, Chesapeake Utilities Corporation was recently recognized as a Top Workplace in Delaware for the ninth consecutive year. Chesapeake Utilities is one of only two companies to receive this honor nine consecutive years.
About Fortistar
Founded in 1993, Fortistar is a privately-owned investment firm that successfully builds, operates and manages companies and projects that address global challenges that others viewed as too complex or uncertain. Fortistar utilizes its capital, flexibility and operating expertise to grow high-performing assets, first in independent power projects and now into other areas that support decarbonization. As a team, Fortistar has led financings raising over $3.5 billion in capital for companies and projects in the energy, transportation and industrial sectors. For more information about Fortistar or its portfolio companies, please visit: www.fortistar.com and follow the company on LinkedIn.
About Rumpke Waste and Recycling
Rumpke Waste and Recycling has been committed to keeping neighborhoods and businesses clean and green since 1932 by providing environmentally friendly waste disposal and recycling solutions. Headquartered in Colerain Township, Ohio, just outside of Cincinnati, Rumpke is one of the nation’s largest privately-owned residential and commercial waste and recycling firms, providing service to areas of Ohio, Kentucky, Indiana and West Virginia. Rumpke’s network of landfills currently includes landfill gas to energy facilities at four sites, including a landfill gas to direct pipeline facility in Cincinnati that is one of the largest of its kind in the world. Today, Rumpke provides energy for more than 30,000 homes and businesses and fuel for hundreds of garbage trucks with energy produced at its landfills. The project at the Noble Road Landfill is one of three new landfill gas to energy projects that Rumpke is launching over the next couple of years. Rumpke divisions include Rumpke Recycling, Rumpke Portable Restrooms, The William-Thomas Group, Rumpke Hydraulics, and Rumpke Haul-it-Away.
About Chesapeake Utilities Corporation
Chesapeake Utilities Corporation is a diversified energy delivery company, listed on the New York Stock Exchange, which is engaged in natural gas transmission and distribution; electricity generation and distribution; propane gas distribution; mobile compressed natural gas (CNG) utility services and solutions; and other businesses. Information about Chesapeake Utilities Corporation’s businesses is available at www.chpk.com, through the Company’s Investor Relations App and on the Annual Report Microsite at cpkannualreport.com. Please note that Chesapeake Utilities Corporation is not affiliated with Chesapeake Energy, an oil and natural gas exploration company headquartered in Oklahoma City, Oklahoma.
Hayley Advokat
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HAMILTON, Bermuda--(BUSINESS WIRE)--Hygo Energy Transition Ltd. (NASDAQ: HYGO) (“Hygo”) announced today that it has launched an initial public offering of 23,100,000 common shares (“common shares”) at an anticipated initial offering price between $18.00 and $21.00 per share pursuant to a registration statement on Form F-1 previously filed with the Securities and Exchange Commission (the “SEC”). In addition, Hygo intends to grant the underwriters a 30-day option to purchase up to an additional 3,465,000 common shares. Hygo has applied to list the common shares on the Nasdaq Global Select Marketplace under the ticker symbol “HYGO.”
Morgan Stanley & Co. LLC and Goldman Sachs & Co. LLC are acting as joint book-running managers for the offering. The offering of these securities will be made only by means of a prospectus that meets the requirements of Section 10 of the Securities Act of 1933. A copy of the preliminary prospectus may be obtained from:
Morgan Stanley & Co. LLC
Attention: Prospectus Department
180 Varick Street, Second Floor
New York, New York 10014
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Goldman Sachs & Co.
Attention: Prospectus Department
200 West Street
New York, NY 10282
Telephone: (866) 471-2526
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About Hygo Energy Transition Ltd.
Hygo provides integrated downstream LNG solutions to underserved markets by delivering low cost, environmentally sound energy alternatives to consumers around the world. Hygo’s business includes (i) its network of existing and development stage marine LNG import terminals, (ii) its ownership of interests in existing and development stage large-scale power plants backed by high quality offtakers, and (iii) the downstream distribution of LNG from its terminals via marine and onshore logistics to major demand centers.
Important Information
A registration statement relating to these securities has been filed with the SEC but has not yet become effective. These securities may not be sold nor may offers to buy be accepted prior to the time the registration statement becomes effective. The registration statement may be obtained free of charge at the SEC’s website at www.sec.gov under “Hygo Energy Transition Ltd.” This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such state or jurisdiction.
Cautionary Statement Concerning Forward-Looking Statements
Certain statements contained in this press release constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, including statements regarding the size, timing or results of the initial public offering, represent Hygo’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of Hygo’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Hygo does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for Hygo to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in the prospectus filed with the SEC in connection with Hygo’s initial public offering. The risk factors and other factors noted in Hygo’s prospectus could cause its actual results to differ materially from those contained in any forward-looking statement.
Eduardo Maranhão
+44 020 7499 1600
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Erik Stavseth
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Williams to build and lead EnCore’s operations team, as company continues transition to E&P operator
MIDLAND, Texas--(BUSINESS WIRE)--Midland-based EnCore Permian (EnCore) announced today that Ted Williams has joined the company as Partner and Chief Operating Officer (COO). Williams is responsible for building out and leading EnCore’s growing operations department, as the company makes a material transformation from a historically transactional leasehold and mineral acquisition firm, to an oil and natural gas exploration and production company. As part of this transition, EnCore will deploy its first rig in north Reeves and Culberson counties at the end of this year.
“We are at a pivotal point in our journey and excited about our future as we continue to capitalize on opportunities to successfully transition into a leading E&P operator,” said J.D. Smith, EnCore Permian Chief Executive Officer. “Ted has an extensive background in A&D, minerals, upstream exploration, and working within leadership teams to transact and grow in a fast-paced, entrepreneurial environment. We are confident that Ted’s new role as Partner and COO of EnCore will be a key component as we build on our successful track record and execute on powerful strategic initiatives in one of the leading oil and gas development regions in the U.S., the Permian Basin.”
“I am thrilled to have partnered with EnCore and joined their leadership team,” said Williams. “I look forward to continuing to expand upon EnCore’s proven track record of success, assembling a best-in-class operations team to position us as a premier E&P partner in the Delaware and Midland basins, and beyond.”
Founded in 2017 by J.D. Smith and Josh Lorenz as a successor to PetroLima, LLC, EnCore began as a leasehold and mineral acquisition firm investing more than $200 million in the purchase of over 33,000 acres across 100 deals. The company has quickly grown and transitioned those strategies into an upstream exploration and production company. EnCore currently has approximately 10,000 acres of horizontal drill-ready assets in the Midland and Delaware Basins. To support this anticipated drilling activity, Williams has begun building out the company’s operations team, most recently adding Davis Walker as Vice President of Exploration and Tyler Thomason as Vice President of Operations.
"We are especially pleased to have Davis Walker and Tyler Thomason round out our operations team with Ted. We see these additions as analogous to the 1990 Dallas Cowboys trifecta of Aikman, Irvin and Smith; we are on track to win some championships," said Smith.
About Ted Williams
Williams has a long and demonstrated history in the energy industry. While a significant portion of his background is in energy finance, Williams most recently served in executive officer roles in partnership with Luxe Energy and Luxe Minerals. As President of Luxe Minerals, Williams grew the company to a core 15,000 net royalty acres in the Permian Basin. Upon his departure, Luxe Minerals had material cash flow and a healthy balance sheet. Williams also served as Vice President of Business Development for Luxe Energy, where he was integral in establishing the company’s operated position, creating drilling capital financing, negotiating commercial contracts, managing relationships with potential buyers, and managing banking relationships. Ultimately, Williams helped Luxe Energy become a 35,000 net acre Delaware basin company producing 25,000 net barrels of oil equivalent per day from 33 horizontal wells with another strong balance sheet. More information about Williams’ professional background can be found here.
About EnCore Permian:
Founded in 2017, EnCore Permian is an oil and gas exploration and production company primarily focused in the Permian Basin region of West Texas and southern New Mexico. Currently, EnCore Permian has operated assets, non-operated assets, and mineral interests in both the Midland and Delaware Basins. EnCore is headquartered in Midland, Texas, with the Operations department located in Austin.
Meredith Hargrove Howard
Redbird Communications Group
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