DUBLIN--(BUSINESS WIRE)--The "Microporous Insulation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global microporous insulation market size reached US$ 148.1 Million in 2021. Looking forward, the publisher expects the market to reach US$ 192.5 Million by 2027, exhibiting a CAGR of 4.47% during 2021-2027.
Microporous insulation is a composite material available in compact powder or fiber form with opacifiers. It offers compressive strength, minimal thermal shrinkage, excellent fire barrier, and resistance to liquids, vibration, and chemicals. As it is inorganic and non-combustible, it is considered suitable for passive fire protection applications.
Besides this, it is widely used in refining and petrochemical manufacturing plants for industrial process piping and equipment. It is also utilized in filler material for mattresses, cassettes, heat shields, and expansion joints across the globe.
Microporous insulation is used in the nuclear steam supply system (NSSS) to control the heat of various elements, including reactors, pipes, pumps, and valves. The growing demand for nuclear energy due to the increasing consumption of electricity, along with the rising concerns about environmental pollution and climate change, acts as a major growth-inducing factor.
Moreover, the increasing air traffic is catalyzing the demand for microporous insulation for heat shields and protection of data recorder boxes of airplanes.
The rising exploration of oil and gas activities to deep-water areas is also promoting the use of microporous insulation in subsea pipelines. Apart from this, it is employed in the automotive industry to meet specified heat loss requirements. As microporous insulation is environmental-friendly, it is gaining traction in road, marine, and railway applications. Furthermore, its escalating demand in the energy and power, aerospace, and defense sectors is strengthening the market.
Additionally, major market players are investing in research and development (R&D) activities to develop innovative product variants and meet constantly changing consumer needs. They are also offering high-quality acoustic insulation, which is anticipated to propel the growth of the market.
Companies Mentioned
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global microporous insulation market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on material, product and application.
Breakup by Material:
Breakup by Product:
Breakup by Application:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Key Questions Answered in This Report:
For more information about this report visit https://www.researchandmarkets.com/r/non64g
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID (NYSE: AGR), a leading sustainable energy company and part of the Iberdrola Group, today released the following statement regarding its clean energy investments in Massachusetts and the path forward for the Commonwealth Wind project.
“We are proud that our joint venture, the nation-leading Vineyard Wind 1 project, will bring 800 Megawatts (MW) of offshore wind to and create 3,600 jobs for Massachusetts. The project has achieved material milestones, including the securing of 62 GE Haliade-X turbines, receipt of all federal, state, and local permits, and commencing of undersea cable installation. We’re projecting delivering first power to the grid late 2023, achieving Commercial Operation in 2024. And recently, we announced that AVANGRID will lead the operations and maintenance of the project, tapping into our global expertise to become the first offshore O&M operator in the U.S. We are proud that Vineyard Wind 1 is a turning point moment for the U.S. and launches a brand new American clean energy industry that will create thousands of jobs, improve our energy security, and help address the climate emergency.
In addition to Vineyard Wind 1, AVANGRID has also invested in the New England Clean Energy Connect (NECEC) hydroelectric line, and the Commonwealth Wind project, bringing its total of proposed investment in the region to $10 billion – demonstrating the company’s steadfast commitment to helping Massachusetts meet its nation-leading climate and clean energy goals We continue to battle incumbent energy interests, including fossil fuel opposition, to bring the 1200 MW cost-effective NECEC hydroelectric project forward.
Regarding Commonwealth Wind, we know how important this project is to ensure that Massachusetts can meet its climate goals, have cost-effective pricing for ratepayers, and jump start economic development, including the redevelopment of Salem Harbor as an offshore wind marshalling port and the development of a cable manufacturing facility at Brayton Point. We have a path forward to ensure that we can finance and build this project to deliver 1200 MW of emissions free, cost-effective energy resources, helping Massachusetts achieve the state’s climate law and targets for 2030. Despite unprecedented challenges in the global economy in the form of supply chain disruptions, historic levels of inflation, and rising interest rates, AVANGRID has engaged in good-faith and productive discussions with Massachusetts state officials regarding these challenges and the need to restore the project to economic viability. AVANGRID appreciates their engagement as we worked to find a path forward for the project having invested millions of dollars already in its permitting and development. As building Commonwealth Wind remains our objective, AVANGRID has been disappointed in the Electric Distribution Companies’ refusal to immediately engage on this matter.
To advance this project as expeditiously as possible, AVANGRID today filed a motion with the DPU to dismiss its review of the Commonwealth Wind contracts, which will allow all parties an opportunity to pursue an expedient path forward – opening the path to inclusion of the 1200 MW in the upcoming offshore wind solicitation slated for April 2023. With this step, a competitive process that accounts for the unprecedented changes will ensure that a clean energy project can be built to serve the Commonwealth’s energy needs. AVANGRID is committed to bidding Commonwealth Wind into that solicitation, and has the utmost confidence, given the advanced stage of the project and its inherent benefits, that it can address the current economic challenges facing the project and offer the most cost-effective pricing; a superior timeline for completion that positions Massachusetts to meet its ambitious 2030 climate target; and the creation of thousands of jobs and transformational economic development opportunities.
We thank the Baker Administration, the Attorney General’s Office, and the incoming Administration of Governor-elect Maura Healey for their work on behalf of the people of the Commonwealth. We are proud of the remarkable partnership we have built with Massachusetts as we work together to launch a nascent offshore wind industry for the United States, and we remain committed as ever to reinforcing our bond and advancing our shared goal of a better, brighter clean energy future.”
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $40 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates 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 more than 7,000 people and has been recognized by JUST Capital in 2021 and 2022 as one of the JUST 100 companies – a ranking of America’s best corporate citizens. In 2022, AVANGRID ranked second within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2022 for the fourth consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com.
About Iberdrola: Iberdrola is one of the world's biggest energy companies and a leader in renewables, spearheading the energy transition to a low carbon economy. The group supplies energy to almost 100 million people in dozens of countries. With a focus on renewable energy, smart networks and smart solutions for customers, Iberdrola’s main markets include Europe (Spain, the United Kingdom, Portugal, France, Germany, Italy and Greece), the United States, Brazil, Mexico and Australia. The company is also present in growth markets such as Japan, Taiwan, Ireland, Sweden and Poland, among others.
With a workforce of nearly 40,000 and assets in excess of €141.7 billion, across the world, Iberdrola helps to support 400,000 jobs across its supply chain, with annual procurement of €12.2 billion. A benchmark in the fight against climate change, Iberdrola has invested more than €130 billion over the past two decades to help build a sustainable energy model, based on sound environmental, social and governance (ESG) principles.
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BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) ("Advent"), an innovation-driven leader in the fuel cell and hydrogen technology sectors, today launched a proof of concept ("PoC") project with Vantage Towers Greece (“Vantage Towers”) to replace diesel generators with fuel cells. Vantage Towers Greece is the largest and only independent tower infrastructure company in Greece, operating more than 5,250 towers for Vodafone Greece and Wind Hellas. By replacing diesel generators with fuel cells at non-permanent sites that are not connected to the power grid, they can be supplied with electricity even more environmentally friendly.
Under the PoC, Vantage Towers Greece, a subsidiary of Vantage Towers Group, one of Europe's leading tower companies, will explore the applicability of Advent's Serene biomethanol-powered fuel cell systems as back-up and primary power sources for its telecom towers. This new collaboration is particularly aligned with the overall strategy of Vantage Towers, which aims to drive sustainable digitalization in Europe by reducing carbon emissions across their network by using clean energy solutions. Following the successful completion of the PoC project in Greece, Advent and Vantage Towers could consider wider deployments.
Liquid biomethanol as a carrier of hydrogen allows for easier transportation, logistics and storage compared with hydrogen gas, and enhances the safety of operations by simultaneously achieving more than 80% CO2 emissions reduction compared to diesel generators. Key advantages of using Advent's methanol-powered fuel cells include:
In addition, Advent fuel cells can operate across a range of conditions, such as weather, ambient temperatures from as low as -20°C and up to +50°C, and work in humid and polluted environments. Advent has already installed approximately 500 methanol-powered Serene fuel cell systems in the Asian market, primarily used as back-up and primary power source for the telecommunications sector.
Athanasios Exarchos, Chairman & Managing Director of Vantage Towers Greece, stated: "Operating more than 5,250 towers in Greece and constantly expanding our presence, at Vantage Towers we work every day to connect people, businesses, and devices in Greek cities, islands and rural areas, making a significant contribution to a better-connected Europe. Vantage Towers is highly interested in using fuel cells to drive carbon emissions reductions in the European telecom sector as back-up and primary power source. We look forward to the successful completion of this PoC project and the continuation of our collaboration with Advent, as it will further enhance the Group’s goal to continue supporting partners through technological innovation in decarbonization and achieving their climate goals."
Dr. Vasilis Gregoriou, Advent Technologies Chief Executive Officer & Executive Chairman of the Board, commented: "Regardless of the location, I strongly believe that fuel cells are the most appropriate solution when there is a need for uninterrupted and sustainable back-up power, particularly for off-grid locations. We are delighted that Vantage Towers Greece has recognized the great potential that Advent's biomethanol-powered fuel cells hold for decarbonizing their operations. We truly hope this is the beginning of a long and fruitful collaboration that will allow us to lead in the decarbonization of the telecommunications sector in Europe."
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles complete fuel cell systems as well as supplying customers with critical components for fuel cells in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in California, Greece, Denmark, Germany, and the Philippines. With more than 150 patents issued, pending, and/or licensed for fuel cell technology, Advent holds the IP for next-generation HT-PEM that enables various fuels to function at high temperatures and under extreme conditions – offering a flexible fuel option for the automotive, aviation, defense, oil and gas, marine and power generation sectors.
Contact:
For more information contact Elisabeth Maragoula/Michael Trontzos (This email address is being protected from spambots. You need JavaScript enabled to view it.) or visit www.advent.energy.
About Vantage Towers
Vantage Towers is a leading tower company in Europe with around 83,000 sites in ten countries, connecting people, businesses and devices in cities and rural areas.
The company was founded in 2020 and is headquartered in Düsseldorf. Vantage Towers has been listed on the Deutsche Börse’s Prime Standard in Frankfurt since 18 March 2021. The shares are included in the MDAX, TecDAX, STOXX Europe 600 and FTSE Global Midcap Indices.
Vantage Towers’ portfolio includes towers, masts, rooftop sites, distributed antenna systems (DAS) and small cells. By building, operating and leasing this infrastructure to MNOs or other network providers such as IoT companies or utilities, Vantage Towers is making a significant contribution to a better-connected Europe.
While already 100% of the electricity that Vantage Towers uses to operate its infrastructure is obtained from renewable energy sources, green energy is increasingly being generated directly on site with the help of solar panels, micro wind turbines and in future also hydrogen solutions. This fits well into the overall strategy of the company to drive a sustainable digitalisation in Europe and to support partners through technological innovation in decarbonisation and achieving their climate goals.
For more information, please visit our website at www.vantagetowers.com, follow us on Twitter at @VantageTowers or connect with us on LinkedIn at www.linkedin.com/company/vantagetowers.
Contact:
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Elisabeth Maragoula/Michael Trontzos (This email address is being protected from spambots. You need JavaScript enabled to view it.)
Ms. Elias Gerafenti, 210 728 9000, This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--SLB (NYSE: SLB) will hold a conference call on January 20, 2023 to discuss the results for the fourth quarter and full year ending December 31, 2022.
The conference call is scheduled to begin at 9:30 am US Eastern time and a press release regarding the results will be issued at 7:00 am US Eastern time.
To access the conference call, listeners should contact the Conference Call Operator at +1 (844) 721-7241 within North America or +1 (409) 207-6955 outside of North America approximately 10 minutes prior to the start of the call and the access code is 8858313.
A webcast of the conference call will be broadcast simultaneously at www.slb.com/irwebcast on a listen-only basis. Listeners should log in 15 minutes prior to the start of the call to test their browsers and register for the webcast. Following the end of the conference call, a replay will be available at www.slb.com/irwebcast until February 20, 2023, and can be accessed by dialing +1 (866) 207-1041 within North America or +1 (402) 970-0847 outside of North America and giving the access code 5784911.
About SLB
SLB (NYSE: SLB) is a global technology company that drives energy innovation for a balanced planet. With a global footprint in more than 100 countries and employees representing almost twice as many nationalities, we work each day on innovating oil and gas, delivering digital at scale, decarbonizing industries, and developing and scaling new energy systems that accelerate the energy transition. Find out more at slb.com.
Investors
Ndubuisi Maduemezia – Vice President of Investor Relations
Joy V. Domingo – Director of Investor Relations
Tel: +1 (713) 375-3535
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Media
Moira Duff – Director of External Communication
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DUBLIN--(BUSINESS WIRE)--The "Global Industrial Air Compressor Market by Product Type (Positive Displacement, Dynamic), Output Power (Up to 50 kW, 51-250 kW, 251-500 kW, & Above 500 kW), Seal (Oil-flooded & Oil-free), End-user, Design, Pressure, Coolant and Region - Forecast to 2026" report has been added to ResearchAndMarkets.com's offering.
The industrial air compressor market is projected to reach USD 42.9 billion by 2026 from an estimated USD 32.7 billion in 2021, at a CAGR of 5.6% during the forecast period.
The oil-flooded segment, by seal type, is expected to be the largest market from 2021 to 2026
The seal type segment is categorized as oil-flooded and oil-free. The oil-flooded segment held the largest share of the industrial air compressor market. Oil-flooded compressors use oil to lubricate the air compression chamber, lubricate parts, and seal in the air.
They find increasing usage as they are more economical than an oil-free compressor and generally complete the compression process in a single stage. The compressor is commonly used in industries such as oil & gas, textiles, rubber and plastics, and metals and mining, where cleaner compressed air requirement is optional.
The positive displacement segment, by product type, is expected to be the largest market from 2021 to 2026
The positive displacement segment held the largest share of the industrial air compressor market. Positive displacement industrial air compressors can be bifurcated into reciprocating and rotary compressors.
Positive displacement air compressors are commonly used in construction, automotive and transportation, packaging, food & beverages, metals and mining, and other end-user industries. These sectors are expected to experience a growth in investments, propelling the demand for positive displacement air compressors.
Asia Pacific: The largest and the fastest-growing region in the industrial air compressor market
Asia Pacific is expected to dominate the global industrial air compressor market between 2021-2026. The growth of the regional market is driven by the increasing investments in LNG, chemicals, and mining along with the growth of the domestic manufacturing sector, including automotive and food & beverages.
Asia Pacific is experiencing rapid economic growth, and to meet its energy demand while adhering to decarbonization plans, it is witnessing a spike in investments in hydrogen energy as well as green energy sectors.
Market Dynamics
Drivers
Restraints
Opportunities
Challenges
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/46pw23
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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HOUSTON--(BUSINESS WIRE)--Permianville Royalty Trust (NYSE: PVL, the “Trust”) today announced a cash distribution to the holders of its units of beneficial interest of $0.058000 per unit, payable on January 17, 2023 to unitholders of record on December 30, 2022. The net profits interest calculation represents reported oil production for the month of September 2022 and reported natural gas production during August 2022. The calculation includes accrued costs incurred in October 2022.
The following table displays reported underlying oil and natural gas sales volumes and average received wellhead prices attributable to the current and prior month recorded net profits interest calculations.
|
|
Underlying Sales Volumes |
|
Average Price |
||||||||||
|
|
Oil |
|
Natural Gas |
|
Oil |
|
Natural Gas |
||||||
|
|
Bbls |
|
Bbls/D |
|
Mcf |
|
Mcf/D |
|
(per Bbl) |
|
(per Mcf) |
||
Current Month |
|
37,419 |
|
1,247 |
|
250,486 |
|
8,080 |
|
$ |
94.66 |
|
$ |
7.20 |
Prior Month |
|
42,594 |
|
1,374 |
|
144,367 |
|
4,657 |
|
$ |
97.06 |
|
$ |
7.05 |
Recorded oil cash receipts from the oil and gas properties underlying the Trust (the “Underlying Properties”) totaled $3.5 million for the current month on realized wellhead prices of $94.66/Bbl, down $0.6 million from the prior month’s oil cash receipts.
Recorded natural gas cash receipts from the Underlying Properties totaled $1.8 million for the current month on realized wellhead prices of $7.20/Mcf, up $0.8 million from the prior month.
Total accrued operating expenses for the period were $2.3 million, a decrease of $0.5 million from the prior period. Capital expenditures increased $0.1 million from the prior period to $0.5 million.
As previously disclosed, COERT Holdings 1 LLC (the “Sponsor”) has established a $1.0 million cash reserve for approved, future development expenses. As operators of the Underlying Properties are still preparing their capital expenditure budgets for the upcoming fiscal year, and given current commodity price volatility, the Sponsor has informed the Trustee that it plans to continue to maintain the $1.0 million reserve to fund incremental future development expenses; however, if those expenses are ultimately delayed or are less than expected, or if the outlook changes, amounts reserved but unspent will be released as an incremental cash distribution in a future period.
About Permianville Royalty Trust
Permianville Royalty Trust is a Delaware statutory trust formed to own a net profits interest representing the right to receive 80% of the net profits from the sale of oil and natural gas production from certain, predominantly non-operated, oil and gas properties in the states of Texas, Louisiana and New Mexico. As described in the Trust’s filings with the Securities and Exchange Commission (the “SEC”), the amount of the periodic distributions is expected to fluctuate, depending on the proceeds received by the Trust as a result of actual production volumes, oil and gas prices, the amount and timing of capital expenditures, and the Trust’s administrative expenses, among other factors. Future distributions are expected to be made on a monthly basis. For additional information on the Trust, please visit www.permianvilleroyaltytrust.com.
Forward-Looking Statements and Cautionary Statements
This press release contains statements that are “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. All statements contained in this press release, other than statements of historical facts, are “forward-looking statements” for purposes of these provisions. These forward-looking statements include the amount and date of any anticipated distribution to unitholders, expectations regarding the cash reserve for future development expenses and expectations regarding current and future capital expenditures and development activities on the Underlying Properties. The anticipated distribution is based, in large part, on the amount of cash received or expected to be received by the Trust from the Sponsor with respect to the relevant period. The amount of such cash received or expected to be received by the Trust (and its ability to pay distributions) has been and will continue to be directly affected by the volatility in commodity prices, which have experienced significant fluctuation since the beginning of 2020 as a result of a variety of factors that are beyond the control of the Trust and the Sponsor. Low oil and natural gas prices will reduce profits 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. Other important factors that could cause actual results to differ materially include expenses of the Trust, reserves for anticipated future expenses and the effect, impact, potential duration or other implications of the COVID-19 pandemic. In addition, future monthly capital expenditures may exceed the average levels experienced in 2021 and prior periods. Statements made in this press release are qualified by the cautionary statements made in this press release. Neither the Sponsor nor the Trustee intends, and neither assumes any obligation, to update any of the statements included in this press release. An investment in units issued by the Trust is subject to the risks described in the Trust’s filings with the SEC, including the risks described in the Trust’s Annual Report on Form 10-K for the year ended December 31, 2021, filed with the SEC on March 25, 2022. The Trust’s quarterly and other filed reports are or will be available over the Internet at the SEC’s website at http://www.sec.gov.
Permianville Royalty Trust
The Bank of New York Mellon Trust Company, N.A., as Trustee
Sarah Newell 1 (512) 236-6555
DUBLIN--(BUSINESS WIRE)--The "Hydrogen Compressor Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global hydrogen compressor market.
The global hydrogen compressor market is expected to grow from $1.68 billion in 2021 to $1.8 billion in 2022 at a compound annual growth rate (CAGR) of 6.9%. The market is expected to grow to $2.24 billion in 2026 at a compound annual growth rate (CAGR) of 5.6%.
Companies Mentioned
Reasons to Purchase
The hydrogen compressor market consists of the sale of hydrogen compressor devices by entities (organizations, partnerships, sole proprietors), which increases the pressure of hydrogen by decreasing gas volume. The compression in hydrogen compressor is achieved by moving hydrogen through a compressor that decreases gas volume between the inlet and the discharge. The reduced volume results in compressed hydrogen or liquid hydrogen.
The main products in the hydrogen compressors market are oil-free and oil-based. The oil-free market consists of the sale of oil-free hydrogen compressors by entities (organizations, sole proprietors, partnerships), which are intended to compress hydrogen and the technology process does not require any oil vapours. The power ranges offered in hydrogen compressors include 0-100 HP and 101 HP to 200 HP and operate in either single-stage or multiple stages. These devices are used by end-users ranging from oil & gas, chemical, utility, refuelling stations, and others.
Asia Pacific was the largest region in the hydrogen compressor market in 2021. The regions covered in the hydrogen compressor market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
Increasing demand for hydrogen from end-use industries is expected to propel the growth of the hydrogen compressor market. The end-use sectors such as household energy distribution companies, oil & gas, and power generation companies are increasingly investing in new hydrogen distribution and generation plants to meet consumer demand and government measures towards environmental pollution.
Technological advancements are a key trend in gaining an advantage in the hydrogen compressor market. The key players in the hydrogen compressor market are focusing on developing hydrogen compressors with innovative technologies to meet the technical demands of end customers such as hydrogen fuel stations, power generation industries and others. For instance, in November 2021, Burckhardt Compression AG, a Switzerland-based manufacturer of reciprocator compression systems, launched an oil-free hydrogen compression solution, designed for hydrogen trailer filling and fuel stations with higher mass flows.
In November 2021, Fluitron Inc., a USA-based manufacturer of industrial gas compression units acquired Bethlehem Hydrogen, a Pennsylvania-based provider of customer hydrogen compression, dispensing and storage systems, for an undisclosed amount. The acquisition by Fluitron Inc. is focused on building a global entity focused on developing and commercializing hydrogen infrastructure solutions.
The countries covered in the hydrogen compressor market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
For more information about this report visit https://www.researchandmarkets.com/r/sjv7s9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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NEW YORK--(BUSINESS WIRE)--#KBRA--KBRA assigns ratings of ‘AAA’ for the Senior Notes (the “Notes”) and ‘A+’ for the Mandatory Redeemable Preferred Shares (“MRPS”) issued by Tortoise Pipeline & Energy Fund, Inc. (NYSE: TTP) (“TTP” or the “Fund”). Additionally, KBRA assigns a ‘Stable’ Outlook to the Notes and MRPS.
The Fund is registered under the Investment Company Act of 1940 (the “’40 Act”) and is a closed-end investment fund sponsored by Tortoise Capital Advisors, LLC. The Fund had its Initial Public Offering in October 2011 and its shares are listed on the New York Stock Exchange under the symbol TTP. The Fund invests primarily in equity securities of pipeline companies that transport natural gas, natural gas liquids (NGLs), crude oil and refined products and, to a lesser extent, in other energy infrastructure companies.
Key Credit Considerations
The rating is driven primarily by TTP’s asset coverage, liquidity, and management experience. Since inception through November 2022, the Fund has average senior and total asset coverage of 533% and 408%. Excluding one breach of asset coverage levels in March 2020 as a result of the market volatility experienced during the height of the COVID-19 pandemic and decline in crude oil prices, TTP has remained in compliance with the 1940 Act requirements.
Rating Sensitivities
Changes in asset coverage can occur throughout the life of a transaction. These variations can often be driven by changes to the fund’s NAV, which can be due to actual or anticipated defaults and losses, as well as reassessment of the underlying asset values. The KBRA ratings process, however, incorporates a certain amount of tolerance to changes in asset coverage levels. A deterioration in asset coverage levels below ’40 Act requirements and the Fund manager’s inability to liquidate assets and demonstrate intention to cure within the allowed 30-day period could impact the current ratings.
To access ratings and relevant documents, click here.
Click here to view the report.
Related Publications
Disclosures
A description of all substantially material sources that were used to prepare the credit rating and information on the methodology(ies) (inclusive of any material models and sensitivity analyses of the relevant key rating assumptions, as applicable) used in determining the credit rating is available in the Information Disclosure Form(s) located here.
Information on the meaning of each rating category can be located here.
This credit rating is endorsed by Kroll Bond Rating Agency Europe Limited for use in the European Union and by Kroll Bond Rating Agency UK Limited for use in the UK. Information on a credit rating’s endorsement status is available on its rating page at KBRA.com.
Further disclosures relating to this rating action are available in the Information Disclosure Form(s) referenced above. Additional information regarding KBRA policies, methodologies, rating scales and disclosures are available at www.kbra.com.
There are certain issuers, entities or transactions rated by KBRA Europe or KBRA UK that may be or have relationships with Shareholders and/or Shareholder-Related Companies, as that term is defined in KBRA’s Shareholder and Shareholder Related Companies for KBRA Europe and KBRA UK Policy and Procedure. Relevant disclosure information may be found here.
About KBRA
Kroll Bond Rating Agency, LLC (KBRA) is a full-service credit rating agency registered with the U.S. Securities and Exchange Commission as an NRSRO. Kroll Bond Rating Agency Europe Limited is registered as a CRA with the European Securities and Markets Authority. Kroll Bond Rating Agency UK Limited is registered as a CRA with the UK Financial Conduct Authority pursuant to the Temporary Registration Regime. In addition, KBRA is designated as a designated rating organization by the Ontario Securities Commission for issuers of asset-backed securities to file a short form prospectus or shelf prospectus. KBRA is also recognized by the National Association of Insurance Commissioners as a Credit Rating Provider.
Analysts
Chelsea Nguyen, CFA, Director (Lead Analyst)
+1 (646) 731-1251
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Lacey O’Dowd, Analyst
+1 (646) 731-1317
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Gopal Narsimhamurthy, Managing Director (Rating Committee Chair)
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Business Development
Constantine Schidlovsky, Senior Director
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NEW YORK--(BUSINESS WIRE)--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will participate in a Fireside Chat at the Goldman Sachs Global Energy and Clean Technology Conference on January 5, 2023 at 10:20 a.m. Eastern Time.
A live webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor:
Jay Wilson
(212) 536-8940
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Media:
Lorrie Hecker
(212) 536-8250
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DUBLIN--(BUSINESS WIRE)--The "Global Pipeline Processing and Pipeline Services Market 2022-2026" report has been added to ResearchAndMarkets.com's offering.
The pipeline processing and pipeline services market is poised to grow by $982.99 million during 2022-2026, accelerating at a CAGR of 5.17% during the forecast period.
This report on the pipeline processing and pipeline services 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 of the current global market scenario, the latest trends and drivers, and the overall market environment.
The market is driven by an increasing preference for pipeline transportation, increasing oil and gas E and P activities, and developments in cross-border and cross-country pipeline infrastructure.
The pipeline processing and pipeline services market analysis includes type segment and geographic landscape. This study identifies the technological advances in pipeline inspection as one of the prime reasons driving the pipeline processing and pipeline services market growth during the next few years. Also, safer and continuous transportation and increasing incidents of pipeline ruptures will lead to sizable demand in the market.
Companies Mentioned
The analyst 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. This report covers the following areas:
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 analyst 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 influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The analyst's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.
Key Topics Covered:
1 Executive Summary
1.1 Market overview
2 Market Landscape
2.1 Market ecosystem
3 Market Sizing
3.1 Market definition
3.2 Market segment analysis
3.3 Market size 2021
3.4 Market outlook: Forecast for 2021-2026
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
6.1 Customer landscape overview
7 Geographic Landscape
8 Drivers, Challenges, and Trends
8.1 Market drivers
8.2 Market challenges
8.3 Impact of drivers and challenges
8.4 Market trends
9 Vendor Landscape
9.1 Overview
9.2 Vendor landscape
9.3 Landscape disruption
9.4 Industry risks
10 Vendor Analysis
11 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/xci9
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TORONTO--(BUSINESS WIRE)--Lafarge Canada has been consistently advancing in their journey to Net-Zero and today, the largest provider of sustainable and innovative building solutions in Canada, is proud to announce the full transformation of the Brookfield Cement Plant’s cement production in Nova Scotia to a greener portfolio. From now on, the site’s production of general use cement (GU) ends and will shift to reduced carbon portland limestone cement - branded as OneCem - the company’s eco-efficient alternative. Brookfield is Lafarge’s third cement plant to be converted in 2022 and the first Atlantic Market plant to convert - the others being the Bath Cement Plant (ON) in June and the Richmond Cement Plant (BC) earlier this year, in March.
OneCem is a sustainable product that presents up to 10% lower CO2 emissions while providing the same performance and durability. “We have been steadily moving the needle forward when it comes to cement decarbonization and we will continue to honour our commitment in progressing our greener portfolio in Eastern Canada over the coming years. For us at Lafarge Canada, sustainability and profitability go together - our main goal is to keep partnering with our customers to advance sustainable construction and, at the same time, provide innovative world-class products,” commented Andrew Stewart, Vice President, Cement, Lafarge Canada (East).
According to Robert Cumming, Head of Sustainability & Public Affairs, Lafarge Canada (East), “Over the last four years, we avoided more than 140,000 tonnes of CO2 by converting GU cement to OneCem in our plants across Canada - the equivalent to taking 42,891 cars off the road, which would have consumed 59,640,854 liters of gasoline. With the recent cement production conversion of the Brookfield Plant, the Bath Plant in June, and Richmond Plant in March, these numbers will continue to grow.”
“We are excited to take our plant to the next level of decarbonization. Our teams on the ground have been successfully showcasing our company’s values of passion, collaboration, and grit, and we couldn’t be prouder. This is a very important milestone in our Net-Zero journey in Nova Scotia and in Canada as a whole,” affirmed Travis Smith, Plant Manager, Brookfield Cement Plant.
The portland limestone cement, OneCem, contributes to lowering the industry’s carbon footprint not only during the manufacturing process - while cement may be as little as 11% of a concrete mix, it can account for more than 80% of all energy required to produce concrete. Across Canada, Lafarge has produced over 6 million metric tonnes of OneCem since 2011, and users can be confident in its performance while reducing the carbon footprint in the built environment and community.
Quick Facts
Associated links
https://onecemcement.com/
https://www.lafarge.ca/en
Greenhouse Gas Equivalencies Calculator | Natural Resources Canada
About Lafarge Canada Inc.
Lafarge is Canada’s largest provider of sustainable and innovative building solutions including Aggregates, Cement, Ready Mix and Precast Concrete, Asphalt and Paving, and Road and Civil Construction. With over 6,900 employees and 400 sites across the country, we provide green products to build the infrastructure and communities where Canadians live and work.
As a member of Holcim Group, our purpose is to build progress for people and the planet.
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Anna Salomao
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BOSTON--(BUSINESS WIRE)--SES AI Corporation (“SES AI”) (NYSE: SES), a global leader in the development and manufacturing of high-performance Li-Metal batteries for electric vehicles (EV) and other applications, hosted its second annual Battery World event and announced its progress towards the commercialization of its Li-Metal battery technology.
During his Keynote speech, Dr. Qichao Hu, Founder and CEO of SES AI, disclosed the Company’s new facility in Chungju, South Korea. Equipped with expanded in-house manufacturing capability, the new facility further enhances SES AI’s global cell engineering capability, serving as a strong complement to SES AI’s Shanghai Giga in the steady production of large-format 50Ah and 100Ah Li-Metal cells. The added manufacturing capacity in South Korea will also strengthen ties with SES AI’s joint development agreement OEMs, GM, Hyundai and Honda.
Through the development of enhanced engineering capability, the initial data of SES AI’s large-format cells continue to show encouraging potential of Li-Metal chemistry. The 50Ah cells boast excellent performance in cold weather climates of -30oC and in high power discharge under room temperature, both achieved at a high energy density. In terms of safety, the 50Ah cells passed third-party abuse tests including nail penetration, overcharge, external short circuit and thermal stability. SES AI believes it is the first Li-Metal battery manufacturer in the world to secure the UN38.3 transport certification for large-format Li-Metal cells.
Hu also showcased a video featuring a successful Electric Vertical Take Off and Landing (eVTOL) aircraft test flight powered by SES AI's 100Ah Li-Metal battery pack and AI-powered safety software Avatar. “Li-Metal is not an individual technology or a collection of individual technologies, it has to be a system.” said Hu. SES AI’s systemic approach is key to its leadership in next generation battery technology. The Avatar software collects data across the manufacturing process - from raw materials to applications for battery health monitoring. SES AI has been training data of 4Ah Li-Metal cells since 2019 with the accuracy of failure prediction approaching nearly 99%. With large-format cells, the failure prediction went from 0 to 60% in only a few months with much room for optimization.
“We have learned a lot this year, in particular the importance of building a robust supply chain to achieving commercialization of Li-Metal battery technology. We have taken meaningful steps towards having more control over our supply chain, and are excited by how it will accelerate the development of our batteries in 2023. The electric vehicle revolution is coming, and the more we can all do to diversify the global supply chain, the sooner it will arrive.” said Hu.
The event also featured a panel discussion joined by leading representatives from across the EV ecosystem from upstream mining industry players to downstream auto OEMs.
A replay of the whole session is available on SES AI’s official YouTube channel (https://youtu.be/NkqzHdYPq64).
About SES AI
SES AI is a global leader in development and production of high-performance Li-Metal rechargeable batteries for electric vehicles (EVs) and other applications. Founded in 2012, SES AI is an integrated Li-Metal battery manufacturer with strong capabilities in material, cell, module, AI-powered safety algorithms and recycling. Formerly known as SolidEnergy Systems, SES AI is headquartered in Boston, MA and has operations in Singapore, Shanghai, and South Korea. To learn more about SES AI, please visit: ses.ai/investors/
SES AI may use Its website as a distribution channel of material company Information. Financial and other important information regarding SES AI is routinely posted on and accessible through SES AI’s website at ses.ai. Accordingly, investors should monitor this channel, in addition to following SES AI’s press releases, Securities and Exchange Commission filings and public conference calls and webcasts.
Forward-looking statements
All statements other than statements of historical facts contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements relating to expectations for future financial performance, business strategies or expectations for our business. These statements are based on the beliefs and assumptions of the management of SES AI. Although SES AI believes that its plans, intentions and expectations reflected in or suggested by these forward-looking statements are reasonable, it cannot provide assurance that it will achieve or realize these plans, intentions or expectations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as “anticipate”, “believe”, “can”, “continue”, “could”, “estimate”, “expect”, “forecast”, “intend”, “may”, “might”, “plan”, “possible”, “potential”, “predict”, “project”, “seek”, “should”, “strive”, “target”, “will”, “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.
You should not place undue reliance on these forward-looking statements. Should one or more of a number of known and unknown risks and uncertainties materialize, or should any of our assumptions prove incorrect, our actual results or performance may be materially different from those expressed or implied by these forward-looking statements. Some factors that could cause actual results to differ include, but are not limited to the following risks: changes in domestic and foreign business, market, financial, political and legal conditions, including but not limited to the ongoing conflict between Russia and Ukraine; risks relating to the uncertainty of the projected financial information with respect to SES AI; risks related to the development and commercialization of SES AI’s battery technology and the timing and achievement of expected business milestones; the effects of competition on SES AI’s business; the ability of SES AI to issue equity or equity-linked securities or obtain debt financing in the future; the ability of SES AI to integrate its products into electric vehicles (“EVs”); the risk that delays in the pre-manufacturing development of SES AI’s battery cells could adversely affect SES AI’s business and prospects; potential supply chain difficulties; risks resulting from SES AI’s joint development agreements and other strategic alliances and investments; the quickly evolving battery market; SES AI’s ability to accurately estimate future supply and demand for its batteries; SES AI’s ability to develop new products on an ongoing basis in a timely manner; product liability and other potential litigation, regulation and legal compliance; SES AI’s ability to effectively manage its growth; SES AI’s ability to attract, train and retain highly skilled employees and key personnel; the willingness of vehicle operators and consumers to adopt EVs; developments in alternative technology or other fossil fuel alternatives; SES AI’s ability to meet certain motor vehicle standards; a potential shortage of metals required for manufacturing batteries; risks related to SES AI’s intellectual property; risks related to SES AI’s business operations outside the United States, including in China and South Korea; the uncertainty in global economic conditions and risks relating to health epidemics, including the COVID-19 pandemic and any operational interruptions; SES AI has identified material weaknesses in its internal control over financial reporting and may identify material weaknesses in the future or otherwise fail to maintain an effective system of internal controls; compliance with certain health and safety laws; changes in U.S. and foreign tax laws; and the other risks described in “Part I, Item 1A. Risk Factors” in our annual report on Form 10-K for the fiscal year ended December 31, 2021 filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022 and other documents filed from time to time with the SEC. There may be additional risks that SES AI presently knows and/or believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect SES AI’s expectations, plans or forecasts of future events and views only as of the date of this press release. SES AI anticipates that subsequent events and developments will cause its assessments to change. However, while SES AI may elect to update these forward-looking statements at some point in the future, SES AI specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing SES AI’s assessments as of any date subsequent to the date of this press release.
Irene Lam
PR Manager
SES AI
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DUBLIN--(BUSINESS WIRE)--The "Chlorine Compressors Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering.
The global chlorine compressors market size reached US$ 66.5 Million in 2021. Looking forward, the publisher expects the market to reach US$ 81.8 Million by 2027, exhibiting a CAGR of 3.51% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Chlorine compressors are mechanical equipment used for compressing chlorine in solid or liquid forms. Some of the commonly used variants include centrifugal, reciprocating and liquid ring chlorine compressors. The compressor units are arranged parallelly and have a separate start-up by-pass line for gas circulation between suction and discharge points.
The chlorine gas is produced by the process of electrolysis, the gas enters the compressor to initiate the compression and liquefaction process. Once compressed, the gas is then liquefied through cooling. The obtained chlorine is further used as a bleach in the manufacturing of cloths, papers, solvents, pesticides, synthetic rubbers and refrigerants. As a result, chlorine compressors find extensive applications in oil refineries, chemical manufacturing units and petroleum plants.
Chlorine Compressors Market Trends:
Significant growth in the chemical industry across the globe is one of the key factors creating a positive outlook for the market. Chlorine compressors are extensively used in manufacturing plants to regulate the pressure and ensure controlled flow of chlorine. Moreover, the widespread adoption of chlorine as an essential ingredient to produce organic and inorganic chemicals used in paper and pulp production, is providing a thrust to the market growth.
The compressors are also used for the manufacturing of caustic soda and other chlorine and sodium-based derivatives, such as sodium hypochlorite, poly aluminum chloride, bleaching powder and chlorinated paraffin. In line with this, the launch of novel compressor variants that are integrated with additional filtration units is also contributing to the growth of the market. Other factors, including rising expenditure capacities of the consumers, along with the implementation of favorable government policies, are anticipated to drive the market toward growth.
Key Market Segmentation:
The publisher provides an analysis of the key trends in each sub-segment of the global chlorine compressors market report, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product and application.
Breakup by Product:
Breakup by Application:
Breakup by Region:
North America
Asia-Pacific
Europe
Latin America
Key Questions Answered in This Report:
Key Topics Covered:
1 Preface
2 Scope and Methodology
3 Executive Summary
4 Introduction
5 Global Chlorine Compressors Market
6 Market Breakup by Product
7 Market Breakup by Application
8 Market Breakup by Region
9 SWOT Analysis
10 Value Chain Analysis
11 Porters Five Forces Analysis
12 Price Analysis
13 Competitive Landscape
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/j2zseb
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DUBLIN--(BUSINESS WIRE)--The "Saudi Arabia Green Hydrogen Market: Prospects, Trends Analysis, Market Size and Forecasts up to 2028" report has been added to ResearchAndMarkets.com's offering.
The country research report on Saudi Arabia green hydrogen market is a customer intelligence and competitive study of the Saudi Arabia market. Moreover, the report provides deep insights into demand forecasts, market trends, and, micro and macro indicators in the Saudi Arabia market.
Also, factors that are driving and restraining the green hydrogen market are highlighted in the study. This is an in-depth business intelligence report based on qualitative and quantitative parameters of the market. Additionally, this report provides readers with market insights and a detailed analysis of market segments to possible micro levels. The companies and dealers/distributors profiled in the report include manufacturers & suppliers of the green hydrogen market in Saudi Arabia.
Segments Covered
The report on Saudi Arabia green hydrogen market provides a detailed analysis of segments in the market based on technology, application, and distribution channel.
Segmentation Based on Technology
Segmentation Based on Application
Segmentation Based on Distribution Channel
Highlights of the Report
The report provides detailed insights into:
The report answers questions such as:
1) What is the market size of the green hydrogen market in Saudi Arabia?
2) What are the factors that affect the growth in the green hydrogen market over the forecast period?
3) What is the competitive position in Saudi Arabia green hydrogen market?
4) What are the opportunities in Saudi Arabia green hydrogen market?
5) What are the modes of entering Saudi Arabia green hydrogen market?
Key Topics Covered:
1. Report Overview
1.1. Report Description
1.2. Research Methods
1.3. Research Approaches
2. Executive Summary
3. Market Overview
3.1. Introduction
3.2. Market Dynamics
3.2.1. Drivers
3.2.2. Restraints
3.2.3. Opportunities
3.2.4. Challenges
3.3. PEST-Analysis
3.4. Porter's Diamond Model for Brazil Green Hydrogen Market
3.5. IGR-Growth Matrix Analysis
3.6. Competitive Landscape in Brazil Green Hydrogen Market
4. Brazil Green Hydrogen Market by Technology
4.1. Alkaline Electrolyzer
4.2. Polymer Electrolyte Membrane (PEM) Electrolyzer
4.3. Proton Exchange Membrane Electrolyzer
4.4. Solid Oxide Electrolyzer
5. Brazil Green Hydrogen Market by Application
5.1. Power Generation
5.2. Transportation
5.3. Others
6. Brazil Green Hydrogen Market by Distribution Channel
6.1. Pipeline
6.2. Cargo
7. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/s4xvba
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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AI Clearing formed a long-term partnership with PCL Solar to provide a suite of digital tools facilitating and accelerating project supervision, quality control, commissioning, and handover activities across PCL’s entire portfolio of solar projects.
AUSTIN, Texas--(BUSINESS WIRE)--AI Clearing is pleased to announce a multi-year partnership with PCL Construction’s Solar Division. This partnership will launch the next step in managing solar work with production tracking, quality checks, commissioning, and tracking key performance indicators with its AI Surveyor™ solution.
“We are very excited about this partnership with AI Clearing,” says Andrew Moles, Solar General Manager for PCL. “We believe the combination of their amazing technical expertise with our wealth of construction experience will change how solar facilities are built, commissioned and managed.”
Today, many parts of the solar lifecycle could be much more efficient. AI Clearing’s proprietary solution provides significant practical benefits such as increased efficiency, reduced surveying costs and mitigated construction-related risks. Taking advantage of this technology is a huge benefit as well for our valued clients as explained in this video.
“It is amazing to see such deep tech solution being quickly and safely deployed with PCL,” says Adam Wiśniewski, CTO for AI Clearing. “Especially the combination of all aerial data with our OnSite app is proving to be super powerful for end users.”
About AI Clearing
AI Clearing was founded in 2019 and is headquartered in Austin, Texas. Apart from the US location, their Research & Development hub is located in Warsaw, Poland. AI Clearing enhances trust and productivity in the construction industry using Artificial Intelligence to automate progress, quality tracking, and commissioning. The AI Surveyor™ platform allows for real-time construction progress tracking and red flags identification, generating trustworthy reports covering 100% of the construction site area.
About PCL Construction
PCL is a group of independent construction companies that carries out work across Canada, the United States, the Caribbean, and in Australia. These diverse operations in the civil infrastructure, heavy industrial, renewable energy, and buildings markets are supported by a strategic presence in more than 30 major centers. Together, these companies have an annual construction volume of more than $8 billion, making PCL the largest contracting organization in Canada and one of the largest in North America.
AI Clearing
Patryk Pilipczuk
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A new report by Validere’s Market Fundamentals Team assesses the environmental impacts of potential natural gas projects.
HOUSTON & CALGARY, Alberta--(BUSINESS WIRE)--#emissions--In the latest Validere Insights report, Validere’s Market Fundamentals Team finds that, despite facing public and political challenges to the natural gas industry’s climate benefits, proposed Appalachia-to-Southeast pipelines may provide tangible emissions reduction opportunities.
The report examines the market and environmental impacts of projects such as the canceled Atlantic Coast Pipeline (ACP) and delayed Mountain Valley Pipeline (MVP), and how they could reduce CO2-equivalent emissions as well as reduce the region’s reliance on coal.
“The burner-tip emissions benefits of ACP and MVP more than outweigh the methane emissions associated with their added gas production,” says Amber McCullagh, Senior Advisor at Validere and an author on the report. “We estimate that MVP and ACP would reduce CO2-equivalent emissions by approximately 8 and 14 Mmt annually, respectively, the equivalent of taking approximately 1.7 million and 3 million cars off the road.”
Additionally, the team analyzes the likely full value chain methane emissions rate for Appalachian gas, using a synthesis of measurement-based national and regional studies to get the full picture of Appalachian producers and midstream operators’ impact on the environment.
The report’s main findings include:
“When accounting for the climate impacts of natural gas pipelines, you need to look at the full picture,” says McCullagh. “Natural gas pipeline development induces changes across the value chain, including in natural gas production, gas pipeline flows, gas- and coal-fired power generation, and even flows of LNG and refined products.”
About Validere
Validere is a measurement, reporting, and verification (MRV) SaaS company that helps energy organizations transform disconnected, incomplete data into clear and immediately actionable pathways to financial and environmental value. Over 50 of North America’s leading energy companies rely on Validere’s technology and multidisciplinary experts to understand their physical and environmental commodities and navigate an increasingly complex environment with clarity and ease. Validere is on a mission to better human prosperity by making the energy supply chain efficient and sustainable. The company has offices in Houston, Calgary, and Toronto.
Media:
Nicole Yager
Validere
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Matthew Juul
Validere
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DUBLIN--(BUSINESS WIRE)--The "The Global Methane Pledge and the Rising Energy Risks Drive US Landfill Gas Management Growth Opportunities" report has been added to ResearchAndMarkets.com's offering.
The possibility of generating energy through landfill gas is an opportunity that has been gaining momentum in recent years. In 2018, the United States generated 292.4 million tons of waste, 146.1 million tons of which were sent to landfills. These landfills are one of the main emitters of methane in the country, a greenhouse gas with a much higher heating capacity than carbon dioxide (CO2).
The collection of the gas generated in landfills represents a unique opportunity; when captured, methane can be used as a renewable fuel for power generation and heat application in different industries as well as a vehicle fuel.
With plans to reduce greenhouse gas emissions, rising new investments, increase emphasis on circular solutions, and the rising interest in renewable energy sources, opportunities in the US landfill gas management market will continue to increase. With projects to upgrade the gas collected from landfills into renewable natural gas, the possibility of migrating to green energy is gaining momentum.
This study identifies the companies to watch in the US landfill gas management market and analyzes the factors that will drive and restrain its growth. It focuses on landfill operation and management, landfill gas collection and filtration technology, renewable power and fuel generation, and renewable fuel segments. The study provides revenue forecasts and forecast analyses and determines the growth opportunities that will emerge from this space that market participants can leverage. The base year is 2022, and the forecast period is from 2023 to 2032.
Growth Opportunities
Key Topics Covered:
1. Strategic Imperatives
2. Growth Opportunity Analysis
3. Growth Opportunity Universe
4. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pgdbz3
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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MINNEAPOLIS--(BUSINESS WIRE)--$CHRW #CHRobinson--C.H. Robinson Worldwide, Inc. (“C.H. Robinson”) (Nasdaq: CHRW) announced today that its Board of Directors has appointed Jim Barber as a new director. Mr. Barber retired as the Chief Operating Officer for United Parcel Service (“UPS”) in January 2020. In this role, he was responsible for international operations, U.S. operations, freight forwarding, distribution and logistics, freight brokerage, customs brokerage and more. Prior to his appointment as COO, Jim served as President of UPS International from 2013-2018, where he had responsibility for distribution, forwarding, small-package delivery, brokerage, customs compliance, and UPS's other service offerings in more than 220 countries and territories outside the U.S.
“We are excited to have Jim join C.H. Robinson’s Board of Directors and look forward to his contributions,” said Scott P. Anderson, Chairman of the Board of C.H. Robinson. “Jim’s background and expertise from 35 years in the transportation and logistics industry will be an asset for our Board. His deep background driving innovative operating models, as well as delivering a great customer experience for both businesses and consumers will serve our company and shareholders well.”
Barber, 62, currently sits on the Board of Directors at US Foods, Inc., serving in this capacity since May 2022, and is a member of US Food’s Compensation and Human Capital Committee. Barber previously served on the boards of UNICEF USA and the Folks Center for International Business at the University of South Carolina. He earned a Bachelors degree in Finance from Auburn University.
“Jim brings a wealth of experience in managing and growing a global, integrated transportation business, as well as delivering a great customer experience,” said Bob Biesterfeld, President and CEO of C.H. Robinson. “We look forward to benefitting from his expertise as we continue to advance our strategic initiatives.”
“I am honored to join C.H. Robinson’s Board of Directors,” said Jim Barber. “C.H. Robinson is a highly regarded market leader known for its customer-centric execution, transformational technology and strong financial performance. I believe the company is well positioned for future success, and I look forward to adding my insights and voice to the Board.”
About C.H. Robinson
C.H. Robinson solves logistics problems for companies across the globe and across industries, from the simple to the most complex. With $28 billion in freight under management and 20 million shipments annually, we are one of the world’s largest logistics platforms. Our global suite of services accelerates trade to seamlessly deliver the products and goods that drive the world’s economy. With the combination of our multimodal transportation management system and expertise, we use our information advantage to deliver smarter solutions for our 100,000 customers and 85,000 contract carriers. Our technology is built by and for supply chain experts to bring faster, more meaningful improvements to our customers’ businesses. As a responsible global citizen, we are also proud to contribute millions of dollars to support causes that matter to our company, our Foundation and our employees. For more information, visit us at www.chrobinson.com (Nasdaq: CHRW).
CHRW-IR
FOR INVESTOR INQUIRIES, CONTACT:
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New hires take steps toward becoming full-time lineworkers
CHICAGO--(BUSINESS WIRE)--ComEd leaders today joined IBEW Local 15 and members of the community to recognize 121 local residents as they graduated from training programs required to become full-time lineworkers with ComEd. Graduation events held by the company today recognized newly hired pre-apprentices now on track to begin an overhead apprenticeship school in 2023. This on-the-job training is a requirement for performing the role of a lineworker, a key role helping to ensure reliable power is safely delivered to communities across northern Illinois.
Today’s graduation represents one of the largest overhead classes in recent history, as ComEd has expanded investments in training and committed to hire hundreds of additional entry-level craft workers in the next couple of years to prepare for the state’s clean energy transition.
“ComEd is working to ensure that as we grow and move toward a clean energy future, we are creating equitable opportunity for diverse, local talent to join our company and to play a role in addressing climate change,” said Terence Donnelly, president and COO of ComEd. “Congratulations to our newest class of overhead trainees for taking essential steps forward in your career journeys, and for your dedication to this challenging yet rewarding work to deliver safe, reliable and resilient power to all our northern Illinois communities in the years ahead.”
Today’s graduates have completed required skills training across the company’s three regional facilities: the Chicago Training Center, the Joliet Training Center, and the Rockford Training Center. ComEd craft trainees receive competitive pay of $29 an hour on average at the time of their hire and are paid during their training. More information on the training progression for entry-level craft roles can be found here.
The latest class of graduates is diverse with more than 32 percent minorities, 12 percent Veterans, and an increase in female hires to join the workforce as well. Additionally, graduates hail from all corners of the service region, representing 89 unique zip codes from across northern Illinois.
Working with ComEd, we are committed to building a diverse talent pipeline to prepare residents for the growing numbers of clean energy jobs in Illinois,” said Terry McGoldrick, President of IBEW Local 15. “By expanding access to our apprenticeship training programs, we’re working to invite more men and women of all backgrounds to learn a skilled trade that will be critical to powering communities, and the economy, for years to come.”
New entry-level craft positions – including the overhead helper position and other entry-level union roles – will play a key role in building and operating a more resilient grid that can withstand increasingly severe weather and meet the increased demand for renewable energy and electric vehicles. Jobs in the clean energy space are on the rise today, as Illinois transitions to a clean energy future and as the energy industry outpaces growth of other industries nationally, adding more than 300,000 jobs last year alone (USEER 2022).
To prepare to meet these demands, ComEd has been working to expand the reach of its career readiness programs, including hosting more frequent climb clinics, expanding test prep, and boosting capacity of its apprenticeship schools to reach more residents interested in careers in utilities. As a result, ComEd has nearly doubled participation in the overhead apprenticeship program in the past two years.
Since announcing it would expand craft hiring earlier this year, ComEd has extended hiring offers to over 200 candidates for roles including overhead helpers, as well as construction workers. As interest in craft careers at ComEd has increased, so too has diversity: More than 75 percent of applications to craft roles in 2022 were for minority candidates, and 15 percent for women. This record level of diversity follows on efforts by the company to bolster outreach and recruitment in communities across the service territory, and to reduce barriers to help more qualified applicants get the training they need to compete for these new careers.
For more information on how ComEd is helping job seekers prepare for entry-level craft roles, please visit www.comed.com/cleanenergyjobs.
ComEd is a unit of Chicago-based Exelon Corporation (NASDAQ: EXC), a Fortune 200 energy company with approximately 10 million electricity and natural gas customers – the largest number of customers in the U.S. ComEd powers the lives of more than 4 million customers across northern Illinois, or 70 percent of the state’s population. For more information visit ComEd.com, and connect with the company on Facebook, Twitter, Instagram and YouTube.
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Media Relations
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Acquisition will provide immediate cash flows with opportunities for growth
HOUSTON--(BUSINESS WIRE)--Today, Tallgrass has announced an agreement to purchase the Ruby Pipeline. The acquisition of this asset provides access to established markets, an additional ~1.5 bcf/d of natural gas capacity to the company’s portfolio and immediate and strong cash flow to the company.
The investment will provide Tallgrass a platform to enhance natural gas service to West Coast markets. It also provides a unique opportunity for Tallgrass to utilize Ruby’s 683-mile existing infrastructure network to advance Tallgrass’ initiatives to offer decarbonized energy solutions such as responsibly sourced and renewable natural gas to customers across the U.S.
“Ruby’s capabilities maintain our nation’s energy security and provide long-term opportunities in the transportation of the molecules that will be required in the energy transition,” said Matt Sheehy, President and CEO of Tallgrass. "In addition to gaining new teammates, this acquisition further advances our track record of optimizing existing infrastructure to lead energy solutions.”
The transaction is expected to close in the first quarter of 2023 subject to customary regulatory approvals and closing conditions.
Cautionary Note Concerning Forward-Looking Statements
Disclosures in this news release contain forward-looking statements. All statements, other than statements of historical fact, included in this press release that address activities, events or developments that management expects, believes or anticipates will or may occur in the future are forward-looking statements. Without limiting the generality of the foregoing, forward-looking statements contained in this press release specifically include the expected benefits of the acquisition, including statements regarding the immediate and strong cash flows, opportunities for growth, access to established markets and the potential utilization of Ruby as a future vehicle for North America’s decarbonization efforts; whether the transaction will close in the first quarter of 2023 or at all; and statements regarding Ruby’s key pipeline employees remaining in place following closing. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Tallgrass, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements, and other important factors that could cause actual results to differ materially from those projected, including those set forth in reports and financial statements made available by Tallgrass. Any forward-looking statement applies only as of the date on which such statement is made, and Tallgrass does not intend to correct or update any forward-looking statement, whether as a result of new information, future events or otherwise, except as required by law.
About Tallgrass
Tallgrass is a leading energy infrastructure company focused on safely, reliably and sustainably delivering the energy and services that fuel homes and businesses and enable quality of life. We are committed to being at the forefront of efforts to decarbonize our world. An investor group led by Blackstone Infrastructure Partners, which includes Enagás SA, GIC, NPS and USS, owns the outstanding equity interests in Tallgrass. Learn more at Tallgrass.com.
Tallgrass Media Inquiries
Steven Davidson, 817-988-4284
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