Company leaders will participate in Goldman Sachs Global Energy and Clean Technology Conference on Jan. 5
HOUSTON--(BUSINESS WIRE)--Greg Garland, Chairman and CEO of Phillips 66 (NYSE: PSX), and other company leaders will participate in a fireside chat at the Goldman Sachs Global Energy and Clean Technology Conference on Wednesday, Jan. 5, 2022, at 11 a.m. EST.
Phillips 66 leaders will discuss the company’s strategic initiatives, including its focus on energy transition activities, and its continued commitment to disciplined capital allocation.
To access the webcast, go to the Events and Presentations section of the Phillips 66 Investors site, https://www.phillips66.com/investors. A replay will be archived on the Events and Presentations page approximately two hours after the event, and a transcript will be available at a later date.
About Phillips 66
Phillips 66 is a diversified energy manufacturing and logistics company. With a portfolio of Midstream, Chemicals, Refining, and Marketing and Specialties businesses, the company processes, transports, stores and markets fuels and products globally. Headquartered in Houston, the company has 14,100 employees committed to safety and operating excellence. Phillips 66 had $56 billion of assets as of Sept. 30, 2021. For more information, visit www.phillips66.com or follow us on Twitter @Phillips66Co.
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DUBLIN--(BUSINESS WIRE)--The "Oil Spill Management Market Review 2021 and Strategic Plan for 2022" report has been added to ResearchAndMarkets.com's offering.
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Oil Spill Management Market Insights - Latest Trends, Drivers, Opportunities, and Challenges
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Oil Spill Management Market Research Scope
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CARSON CITY, Nevada--(BUSINESS WIRE)--Vidler Water Resources, Inc. (“Vidler”) announced today an alternative energy company has exercised its option to purchase 53,750 Long Term Storage Credits (“LTSC”) at the Company’s recharge facility in the Harquahala Valley, Arizona for $400 per LTSC. The Company expects the sale to close in 2021 and to generate revenue of approximately $21.5 million.
Vidler’s President and Chief Executive Officer, Dorothy Timian - Palmer, commented:
“We are extremely pleased to enter into a sale and purchase agreement with this highly respected alternative energy producer for a significant quantity of our LTSC in the Harquahala basin in Arizona. With the prior sale of 1,250 LTSC to this purchaser earlier in the fourth quarter of 2021, we will have sold approximately 22% of our inventory of LTSC in our recharge facility in the Harquahala Valley for total revenue of $22 million. We have worked with the purchaser on certain of our properties in Nevada and Arizona, and we have found it to be an excellent partner with first rate innovative and sustainable energy solutions for the communities it serves. The purchaser’s parent company is actively involved in the Data Center and Green Hydrogen power space, and on the closing of the sale, our water will provide the purchaser with a resource required to manufacture clean energy. We look forward to other opportunities our business relationship with the purchaser may bring that could allow us, over time, to monetize some of our remaining Harquahala LTSC in the basin where they are stored.
“We are in active discussions with a number of commercial and residential developers and municipalities regarding the sale of our remaining LTSC, not only from our recharge facility in Harquahala but also from our current inventory of approximately 27,000 LTSC in the Phoenix Active Management Area.”
About Vidler Water Resources, Inc.
As of September 30, 2021, our primary holding was Vidler Water Company, Inc. (“Vidler”), a water resource and water storage business, with assets and operations primarily in the Southwestern U.S.
Our business is to source, develop and provide sustainable potable water resources to fast-growing communities throughout the Southwest U.S. that lack, or are running short of, available water resources.
We conduct our business by working closely with many constituents in these communities: regulators, utilities, Native North American tribes, community leaders, residential and commercial developers and alternative energy companies. We ensure the water resources we develop and sell are sustainable and provide benefit to the citizens of the communities and regions we serve.
Currently, we believe the highest potential return to shareholders is from a return of capital. As we monetize our water and real estate assets, rather than reinvest the proceeds, we intend to return capital to shareholders through a stock repurchase program or by other means such as special dividends. Nonetheless, we may, from time to time, reinvest a portion of proceeds from asset monetization in further development of existing assets, if we believe the returns on such reinvestment outweigh the benefits of a return of capital.
OTHER INFORMATION
As of September 30, 2021, we had a market capitalization of $208.6 million, and 18,330,910 shares outstanding.
CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS
This press release contains statements that may constitute forward-looking statements, which are based on information currently available, usually identified by words such as "anticipates," "believes," "estimates," "plans,'' "projects," "expects," "hopes," "intends," "strategy," ''focus," "outlook," "will," "could," "should," "may," "continue," or similar expressions, and which speak only as of the date the statement was made. Such statements are forward-looking statements and are within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, and such statements are subject to the safe harbor created by those provisions and the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical or current fact, are statements that could be deemed forward-looking statements, including without limitation, statements regarding our business objectives, our ability to monetize our water resources, the future demand for our water resources, our ability to reduce net operating cash use, our ability to source additional revenue streams, our ability to preserve and utilize NOLs to offset taxable income and reduce our federal income liability, and our ability to monetize assets and return capital to shareholders through stock repurchases or through other means. Our forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties.
A number of factors may cause actual results to differ materially from our expectations, including: any slow down or downturn in the housing or in the real estate markets in which Vidler operates; fluctuations in the prices of water and water rights; physical, governmental and legal restrictions on water and water rights; a downturn in some sectors of the stock market; general economic conditions; the impacts of the COVID-19 global pandemic on the demand for real estate; the pace of real estate development, and demand for water resources to support residential and commercial real estate development; prolonged weakness in the overall U.S. and global economies; the performance of the businesses in which Vidler operates; the continued service and availability of key management personnel; and potential capital requirements and financing alternatives.
For further information regarding risks and uncertainties associated with our business, please refer to the “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” sections of our SEC filings, including our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q, copies of which may be obtained by contacting us at (775) 885-5000 or at http://vidlerwater.com.
We undertake no obligation to (and we expressly disclaim any obligation to) update our forward-looking statements, whether as a result of new information, subsequent events, or otherwise, in order to reflect any event or circumstance which may arise after the date of this press release, except as may otherwise be required by law. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Dorothy Timian-Palmer
President and Chief Executive Officer
(775) 885-5000
PARIS--(BUSINESS WIRE)--Technip Energies (Paris:TE) (ISIN:NL0014559478), leader of a consortium with GE Gas Power (NYSE:GE), has been selected by bp, on behalf of its partners, to perform a Front-End Engineering Design (FEED) study for the Net Zero Teesside (NZT) Power project and the Northern Endurance Partnership’s (NEP) carbon compression infrastructure in Teesside, UK.
Located in the UK’s Teesside region, the Net Zero Teesside project comprises industrial, power and hydrogen businesses which aim to decarbonize their operations and become UK’s first decarbonized cluster.
This FEED study covers design and technical solutions development for NZT Power’s proposed 860MW power station and carbon capture facility. The Technip Energies and GE Gas Power consortium will use Shell Cansolv CO2 capture technology with a planned capture capacity of 2 mtpa(1) and will be supported by Balfour Beatty for the construction. The scope also includes NEP’s planned 4 mpta Teesside high pressure CO2 compression and export facilities.
The companies will work together to develop a detailed plan for integrating amine-based carbon capture technologies at scale with a highly efficient natural gas combined cycle plant, powered by an advanced GE 9HA.02 gas turbine. This FEED study – a detailed blueprint and operating business guide - will explore gas and steam turbine equipment enhancements to improve the capture process whilst seeking to minimize the impact to plant output and performance and preserve the value that a gas turbine brings to the grid.
Net Zero Teesside Power will be one of the world’s first commercial scale gas fired power station with carbon capture and will share the CO2 transportation and storage infrastructure being developed by the Northern Endurance Partnership.
Arnaud Pieton, CEO of Technip Energies, commented: “We are honoured to have been selected, along with GE Gas Power, our consortium partner, to work on Net-Zero Teesside Power, a flagship carbon capture project in the UK energy sector. Led by Technip Energies, the consortium will be supported by Shell Catalysts & Technologies, provider of the licensed Cansolv CO2 capture technology and Balfour Beatty, our UK construction partner. Our capabilities in carbon capture projects and technology integration, combined with GE Gas Power’s expertise in natural gas combined cycle plant engineering, operability, and plant integration, will support bp’s goal of developing one of the first decarbonised industrial clusters in the world. This project perfectly illustrates that cross-industries collaboration is central to reaching net-zero targets.”
Martin O’Neill, VP Strategy at GE Gas Power, added: “GE views FEED studies for CCUS projects as a crucial first step in gas plants’ journey towards decarbonisation and we are looking forward to collaborating with bp on such an important effort: capturing and reducing carbon emissions at scale in the UK. GE continues to advance our gas power technologies toward zero-carbon power generation, and part of this evolution includes building upon our experience in the carbon capture space to support carbon abatement for the combined cycle power plants of the future. Through the collaboration with Technip Energies, we’ll develop a roadmap aimed at supporting bp’s goal of developing one of the first decarbonised industrial clusters in the world.”
Stephen Tarr, Chief Executive Officer of Balfour Beatty’s Major Projects and Highways business, said: “Today represents a significant milestone in the decarbonisation of the UK. One that further demonstrates how, together, we are harnessing the spirit of collaboration to help shape the ambitions that will help us tackle the climate change challenge. Whilst there is inevitably still more to be done, alongside the consortium partners, we are forging a path towards the sustainable infrastructure of the future; putting our foot to the pedal as we work to build back smarter, greener and faster.”
(1) mtpa : million tons per annum
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) traded over-the-counter in the United States.
For further information: www.technipenergies.com.
About GE Gas Power
GE Gas Power is a world leader in natural gas power technology, services, and solutions. Through relentless innovation and continuous partnership with our customers, we are providing more advanced, cleaner and efficient power that people depend on today and building the energy technologies of the future. With the world’s largest installed base of gas turbines and more than 670 million operating hours across GE’s installed fleet, we offer advanced technology and a level of experience that’s unmatched in the industry to build, operate, and maintain leading gas power plants. For more information, please visit www.ge.com/power/gas and follow GE’s gas power businesses on Twitter and LinkedIn.
Important Information for Investors and Security holders
Forward-Looking Statement
This release contains “forward-looking statements” as defined in Section 27A of the United States Securities Act of 1933, as amended, and Section 21E of the United States Securities Exchange Act of 1934, as amended. Forward-looking statements usually relate to future events and anticipated revenues, earnings, cash flows or other aspects of Technip Energies’ operations or operating results. Forward-looking statements are often identified by the words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could,” “may,” “estimate,” “outlook,” and similar expressions, including the negative thereof. The absence of these words, however, does not mean that the statements are not forward-looking. These forward-looking statements are based on Technip Energies’ current expectations, beliefs and assumptions concerning future developments and business conditions and their potential effect on Technip Energies. While Technip Energies believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting Technip Energies will be those that Technip Energies anticipates.
All of Technip Energies’ forward-looking statements involve risks and uncertainties (some of which are significant or beyond Technip Energies’ control) and assumptions that could cause actual results to differ materially from Technip Energies’ historical experience and Technip Energies’ present expectations or projections. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those set forth in the forward-looking statements.
For information regarding known material factors that could cause actual results to differ from projected results, please see Technip Energies’ risk factors set forth in Technip Energies’ filings with the U.S. Securities and Exchange Commission, which include amendment no. 4 to Technip Energies’ registration statement on Form F-1 filed on February 11, 2021.
Forward-looking statements involve inherent risks and uncertainties and speak only as of the date they are made. Technip Energies undertakes no duty to and will not necessarily update any of the forward-looking statements in light of new information or future events, except to the extent required by applicable law.
Contacts Technip Energies
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 20 7585 5051
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Media relations
Stella Fumey
Director Press Relations & Digital Communications
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Press Relations & Social Media Lead
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Contacts GE Gas Power
Laura Aresi
Public Relations Leader
GE Gas Power
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HOUSTON--(BUSINESS WIRE)--US Development Group, LLC (through a wholly-owned affiliate, collectively USD) and USD Partners LP (NYSE:USDP) (the “Partnership”) announced the diluent recovery unit (DRU) has been declared fully operational and the shipment of DRUbit™ by Rail™ (DBR™) has commenced.
The DRU is located at the Hardisty Energy Terminal (HET) near Hardisty, Alberta and is a 50%/50% joint venture between USD and Gibson Energy Inc. (Gibson). HET is located adjacent to USD Partners’ existing Hardisty Rail Terminal, which is the origination terminal for transloading the DRUbit™ onto railcars for shipment. The current destination terminal for the DRUbit™ is the USD-owned and operated Port Arthur Terminal in Port Arthur, Texas (PAT). This DBR network is highly scalable and is well-positioned for future commercial expansions. USD and Gibson continue to pursue commercial discussions with current and potential producer and refiner customers to secure additional long-term agreements to support future expansions at both the DRU and the PAT.
In association with the initial commencement of operations at the DRU in August 2021, approximately 32% of the Hardisty Terminal’s capacity was extended beyond 2030 pursuant to long-term, multi-year renewals at the Hardisty Terminal executed with a subsidiary of ConocoPhillips.
USD’s patented DRU technology separates the diluent that has been added to the raw bitumen in the production process, which meets two important market needs. It creates DRUbit™, a proprietary heavy Canadian crude oil or bitumen that ships by rail and does not meet any of the defined categories of hazardous materials by U.S. DOT Hazardous Materials regulations and Canada’s Transport of Dangerous Goods regulations, creating safety and environmental benefits. Additionally, it returns the recovered diluent to ConocoPhillips at HET for reuse in the Western Canadian market, which reduces delivered costs for diluent. The DBR network provides meaningful safety, economic and environmental benefits relative to conventional crude by rail.
The DRU at HET is operating at or above its nameplate capacity of 50,000 barrels per day of inlet bitumen blend, which the DRU separates into DRUbit™ and diluent. Transporting DRUbit™ by Rail™ is projected to reduce carbon emissions nearly 20% relative to dilbit by rail alternatives and approximately 30% compared to dilbit by pipeline alternatives.(1)
Updated USD Partners and USD Website
In addition, USD and the Partnership announced today that their associated websites (www.usdg.com and www.usdpartners.com) have been updated with information regarding the DRU and PAT projects.
About USD Partners LP
USD Partners LP is a fee-based, growth-oriented master limited partnership formed in 2014 by US Development Group, LLC (“USD”) to acquire, develop and operate midstream infrastructure and complementary logistics solutions for crude oil, biofuels and other energy-related products. The Partnership generates substantially all of its operating cash flows from multi-year, take-or-pay contracts with primarily investment grade customers, including major integrated oil companies and refiners. The Partnership’s principal assets include a network of crude oil terminals that facilitate the transportation of heavy crude oil from Western Canada to key demand centers across North America. The Partnership’s operations include railcar loading and unloading, storage and blending in on-site tanks, inbound and outbound pipeline connectivity, truck transloading, as well as other related logistics services. In addition, the Partnership provides customers with leased railcars and fleet services to facilitate the transportation of liquid hydrocarbons and biofuels by rail.
About USD
USD and its affiliates, which own the general partner of USD Partners LP, are engaged in designing, developing, owning, and managing large-scale multi-modal logistics centers and energy-related infrastructure across North America. USD solutions create flexible market access for customers in significant growth areas and key demand centers, including Western Canada, the U.S. Gulf Coast and Mexico. Among other projects, USD is currently pursuing the development of a premier energy logistics terminal on the Houston Ship Channel with capacity for substantial tank storage, multiple docks (including barge and deepwater), inbound and outbound pipeline connectivity, as well as a rail terminal with unit train capabilities. For additional information, please visit www.usdg.com. DRUbit™, DBR™ and DRUbit™ by Rail™ are trademarks of DRU Assets LLC, a subsidiary of USD, and are used by permission. All rights reserved. Information on websites referenced in this release is not part of this release.
Cautionary Note Regarding Forward-Looking Statements
This press release contains forward-looking statements within the meaning of U.S. federal securities laws, including statements with respect to the ability of the Partnership and USD to achieve contract extensions and commitments, new customer agreements and expansions; the ability of the Partnership and USD to develop existing and future additional projects and expansion opportunities and whether those projects and opportunities developed by USD would be made available for acquisition, or acquired, by the Partnership; the impact of the West Colton Renewable Diesel project; the impact of the completion of USD’s DRU project; volumes at, and demand for, the Partnership’s terminals; the amount and timing of future distribution payments and distribution growth; and statements about actions by third parties. Words and phrases such as “expect,” “progressing on,” “plan,” “intent,” “believes,” “projects,” “begin,” “anticipates,” “subject to” and similar expressions are used to identify such forward-looking statements. However, the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements relating to the Partnership are based on management’s expectations, estimates and projections about the Partnership, its interests, USD’s projects and the energy industry in general on the date this press release was issued. These statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecast in such forward-looking statements. Factors that could cause actual results or events to differ materially from those described in the forward-looking statements include the impact of the novel coronavirus (COVID-19) pandemic and related economic impact and changes in general economic conditions and commodity prices, as well as those factors set forth under the heading “Risk Factors” and elsewhere in the Partnership’s most recent Annual Report on Form 10-K and in the Partnership’s subsequent filings with the Securities and Exchange Commission (many of which may be amplified by the COVID-19 pandemic and the significant volatility in demand for, and fluctuations in the prices of, crude oil, natural gas and natural gas liquids). The Partnership is under no obligation (and expressly disclaims any such obligation) to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
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(1) |
Results of comparative carbon emissions model developed jointly by USDG and Gibson Energy and verified by Dr. Damien Hocking, PhD (of Corelium): Third-Party Review of Gibson/USD Group Operational Value Chain Carbon Emissions Model. Dr. Damien Hocking, Corelium Software (August 18, 2021) (report available upon request). |
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Category: Operations
Adam Altsuler
Executive Vice President, Chief Financial Officer
(281) 291-3995
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Jennifer Waller
Director, Financial Reporting & Investor Relations
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Located near Bakersfield, Calif., the facility aims to remove carbon from the air by diverting wood waste from open-air burn and landfills and converting it into carbon-negative hydrogen for transportation
LOS ANGELES--(BUSINESS WIRE)--Climatetech innovator Mote announced today it is establishing its first facility to convert wood waste into hydrogen fuel while capturing, utilizing, and sequestering carbon dioxide (CO2) emissions resulting from its process. It’s estimated that more than 500 million metric tons of wood and agricultural waste are generated every year in the U.S., which today is either disposed of via natural decay, landfills, or open-air burn, all of which return carbon to the atmosphere. With the engineering work of their first facility underway, Mote expects to produce approximately seven million kilograms of carbon-negative hydrogen and remove 150,000 metric tons of CO2 from the air annually. That’s equivalent to removing 32,622 cars off the road. Mote expects to start hydrogen production starting as soon as 2024.
“As the world’s first carbon removal project converting biomass to hydrogen, we are addressing the ever-growing demand for renewable hydrogen with a carbon-negative approach,” says co-founder and CEO Mac Kennedy. “Our pioneered technology directly supports California in its carbon-neutrality goals by removing carbon dioxide from the atmosphere with our wood waste conversion process. With this new facility, Mote is laying the groundwork for affordable hydrogen offerings on a global scale while also supercharging natural carbon removal processes.”
Mote’s proprietary integration of proven equipment in a novel process establishes this ground-breaking carbon removal and clean energy generation facility. Mote utilizes wood waste from farms, forestry, and other resources where it would otherwise be open-air burned for disposal, left to decompose, or sent to a landfill. Through gasification and subsequent treatment processes, the remaining carbon dioxide is extracted and permanently placed deep underground for ecologically safe storage.
Mote is also in discussions with carbon utilization company CarbonCure Technologies on the potential of permanently storing its CO2 in concrete via CarbonCure’s carbon removal technologies, deployed in hundreds of CO2 mineralization systems at concrete plants worldwide. Through this biomass-to-hydrogen process, Mote contributes to reversing climate change through the functional removal of carbon from the air and putting it deep underground or permanently storing it in concrete at construction sites.
“CarbonCure applauds Mote as it enters the market with its innovative hydrogen production process. Curbing climate change requires creative, complementary solutions to scale up carbon removal rapidly,” CarbonCure Chair and CEO Robert Niven said. “We look forward to ongoing collaboration.”
As head of the carbon capture program at Lawrence Livermore National Laboratory (LLNL), Dr. Joshuah Stolaroff co-authored the award-winning report, Getting to Neutral: Options for Negative Carbon Emissions in California, which lays out the value of biomass-to-hydrogen and addresses practices and technologies for removing CO2 from the air, providing clear evidence that carbon neutrality in California is possible by 2045.
“After spending the last 20 years researching carbon capture and clean energy, it's amazing to have a solution that can address both and even divert waste to a beneficial use,” said Dr. Stolaroff, Chief Technology Officer of Mote.
“This is exactly the kind of project we need to meet our climate goals at a reasonable cost,” said Roger Aines, Chief Scientist of the Energy Program at LLNL. “Mote understands the energy system, and they are making a smart play for long-term impact.”
Located near Bakersfield, the Mote facility aims to assist California in recycling the 54 million metric tons of wood waste generated annually. The focus on carbon removal and storage sets Mote’s technology apart from other clean hydrogen projects as Mote’s product delivers hydrogen with a producer sale price and carbon intensity score significantly lower than its competitors.
Mote is joined by Fluor Corporation and SunGas Renewables, Inc. to develop its new plant. The engineering firm Fluor will support the integration of proven equipment into the facility. In addition, SunGas Renewables ("SunGas"), a subsidiary of GTI International (GTII), has entered into an Engineering Services Agreement with Mote to provide its gasification systems to the Mote California Central Valley Project.
“Fluor is excited to support Mote in establishing a successful project delivery strategy through early-stage design development,” said Nicole Davies, Vice President, Business Development & Strategy, Energy Solutions. “Mote is positioned to introduce wood-waste-derived green hydrogen to consumers leveraging the latest advancements in equipment and technology. With Energy Transition as a principal focus, we are pleased to join this team.”
“Mote is in a strong position to deploy the first carbon-negative biomass-to-hydrogen gasification project, and we are happy to support them,” said Robert Rigdon, CEO of SunGas Renewables.
While the components for Mote’s process exist and have been commercially operating in various industries, Mote has integrated them to maximize energy efficiency and scalability to achieve carbon reduction at a lower cost than current models of carbon removal.
"Carbon removal and clean hydrogen are booming markets right now. Mote is extraordinarily positioned to scale quickly for huge impact,” said Andy Bonsall, Managing Partner at Counteract, an investor in Mote.
Earlier this year, Mote was selected for the inaugural class of Rice University's Clean Energy Accelerator. They closed a seed round this fall with support from Preston-Werner Ventures, Counteract, and investor Joffre Baker.
About Mote
Mote is a private technology company focused on removing carbon from the air by making hydrogen from wood waste. Mote uses its system integration technologies to deploy proven equipment to make hydrogen from wood waste. With its dual revenue streams of hydrogen and carbon credits, Mote can offer its customers the least expensive hydrogen. For more information about Mote, visit motehydrogen.com or follow us on Twitter or LinkedIn.
About CarbonCure
CarbonCure Technologies, co-winner of the NRG COSIA Carbon XPRIZE, retrofits easy-to-adopt, carbon dioxide removal technologies that enable concrete producers to permanently mineralize captured carbon dioxide in fresh concrete mixes to produce reliable, low-carbon concrete products. Available from hundreds of concrete plants worldwide, more than two million truckloads of CarbonCure mixes have supplied a broad spectrum of sustainable construction projects around the world. For more information, please visit www.carboncure.com or follow CarbonCure on Twitter, LinkedIn, Facebook and Instagram.
About Fluor
Fluor Corporation (NYSE: FLR) is building a better world by applying world-class expertise to solve its clients’ greatest challenges. Fluor’s 44,000 employees provide professional and technical solutions that deliver safe, well-executed, capital-efficient projects to clients around the world. Fluor had revenue of $14.2 billion in 2020 and is ranked 196 among the Fortune 500 companies. With headquarters in Irving, Texas, Fluor has been providing engineering, procurement, and construction services for more than 100 years. For more information, please visit www.fluor.com or follow Fluor on Twitter, LinkedIn, Facebook and YouTube.
About SunGas Renewables
SunGas Renewables, a subsidiary of GTI International, Inc., delivers cost-effective technology solutions and energy products for companies needing to lower their carbon footprint to address ESG and regulatory goals and mandates. SunGas is driving commercialization by providing licensed technology, equipment systems, and services, as well as through selective investments in renewable energy projects utilizing its technology. For more information, please visit www.sungasrenewables.com.
Technica Communications
Sarah Malpeli
408-806-9626 Ext. 6840
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LEAWOOD, Kan.--(BUSINESS WIRE)--Tallgrass Pony Express Pipeline, LLC (“Pony Express”), operated by Tallgrass, today announced a binding open season soliciting shipper commitments for crude oil transportation from Pony Express’ Guernsey and Sterling origins to its Augusta destination, located in Butler County, Kan., in exchange for incentive tariff rates.
Prospective shippers may review details of the open season after executing a confidentiality agreement obtained by contacting Matt Hester at This email address is being protected from spambots. You need JavaScript enabled to view it..
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. Visit Tallgrass.com to learn more.
Cautionary Note Concerning Forward-Looking Statements
Disclosures in this press 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. 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 because of new information, future events or otherwise, except as required by law.
Tallgrass Energy
Media and Trade Inquiries
Phyllis Hammond, 303-763-3568
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Andrea Attel, 913-928-6012
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BOSTON--(BUSINESS WIRE)--#CES2022--Schneider Electric, the leader in the digital transformation of energy management and automation, and the world's most sustainable corporation 2021 as ranked by Corporate Knights, is thrilled to announce four CES 2022 Innovation Awards across the Sustainability and Smart Home categories.
Schneider Electric’s Wiser Energy Center, anchored by the Square D™ Energy Center in the US, Named Honoree in Sustainability and Smart Home Categories
The Wiser Energy Center helps homes contribute to today’s global sustainability goals and was named a CES 2022 Innovation Awards winner in both the Sustainability and Smart Home categories. The Wiser Energy Center is pioneering in the field of smart home sustainability. Less than 10% of homeowners believe their home is a major contributor to climate change, while research from the UN Environment Program confirms that Households consume 29% of global energy and contribute to 21% of resultant CO2 emissions.
This new generation of home electrical panel controls the energy needs of connected devices from one place. And with the help of AI-enabled algorithms, it transforms homes from smart to smart and sustainable. By combining the power of the Wiser Energy Center and Wiser software, consumers gain full control over how energy is produced, stored and distributed in the home. It optimizes the allocation of energy, and can also detect renewable energy sources, switching to use these at the most optimal time of the day.
Merten Ocean Plastic Named Honoree in Sustainability Category
Merten is a market leader in the field of electrical innovation and design. With the launch of the ocean plastic model and collaboration with DSM, Schneider Electric is shaping the future of sustainability by being the first in the market to offer home electrical solutions made from recycled ocean plastics.
According to the United Nations, more than 8 million tons of plastic end up in the ocean, harming marine wildlife, fisheries and causing irreversible damage to ecosystems. Abandoned fishing nets are a significant part of this problem, accounting for 10% of all plastic waste found in the sea. The Merten ocean plastic helps combat this issue and promotes a circular economy by repurposing collected nets and giving them a new life.
Odace Sustainable Smart Switches & Plugs are a Sustainability Category Honoree
The new Odace Sustainable collection from Schneider Electric is a collection of stylish, smart switch and plug solutions for the home. Created from recycled materials collected from electrical drop-off centers and super-markets, waste plastics enter a circular economy loop using a waste electrical and electronic equipment (WEEE) recycling system, transforming discarded materials into new products.
With Odace Sustainable, consumers help to eliminate single-use plastic and give waste plastic a second life. Made from almost 100% recycled sources, this new product from Schneider Electric marks a significant step forward in reducing carbon emissions and landfill waste.
YiFu Qi, Executive Vice-President, Home and Distribution Division, Schneider Electric, says: "CES is a place where innovation is recognized and we have the opportunity to push not only our industries, but society forward. We’re thrilled to receive four CES 2022 Innovation Awards in the two categories representing who we are today and our future. From the ability to put control into the hands of homeowners globally with the Wiser Energy Center to the incredible ingenuity of the Merten Ocean Plastic and Odace Sustainable, we are making sustainability a reality for people around the world and living up to our vision of making homes smart and sustainable.”
Visit Schneider Electric’s Home of the Future exhibition, featuring each of the sustainability-focused innovations at CES, Hall C, Booth 53214.
See a full smart home installation with Schneider’s Wiser Energy Center at the core, connecting smart plugs, window sensors, heating, temperature and motion sensors, EV charging and more to bring efficiency, resiliency and sustainability to every home.
For more information, please visit https://www.se.com/us/en/home/offers/connected-home/.
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Hashtags: #CES2022 #LifeIsOn #HomeoftheFuture #Sustainability
Thomas Eck
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917-797-4974
Cube District Energy will be renamed Captis Energy
NEW YORK & MIAMI--(BUSINESS WIRE)--Fiera Infrastructure Inc. (“Fiera Infrastructure”), a leading global mid-market direct infrastructure investor and an affiliate of Fiera Capital Corporation (TSX: FSZ) (“Fiera Capital”), announced today that it has acquired 100% of the equity interests in Cube District Energy (“Cube”), a premier US landfill gas-to-energy platform, from I Squared Capital.
Cube provides customers with dispatchable renewable power by capturing and repurposing methane emitted by landfills, reducing greenhouse gas emissions and providing an alternative to fossil fuel resources. Cube owns and operates eight assets across the Southeast region of the United States, all under long-term contracts with investment grade counterparties. One of the facilities supplies electricity, steam and chilled water to a corporate entity, while the other seven assets supply power to premier electric utilities.
Cube will be renamed Captis Energy, following the completion of the transaction.
Alina Osorio, President of Fiera Infrastructure, commented:
“Cube is a leading operator of landfill gas-to-energy assets in the United States, offering a replacement for fossil energy sources while supporting methane reduction targets and clean energy initiatives. We believe that the company is well positioned, with a strong management and operations team, to expand its current footprint through scale acquisitions and new development, including both landfill gas-to-power and RNG production projects. We are excited to add this platform to our existing portfolio of high-quality infrastructure assets and support its growth.”
Thomas Lefebvre, Partner of I Squared, remarked:
“Under I Squared’s ownership, Cube District Energy executed various operational initiatives that have positioned the company well for its next chapter of growth. We wish Chris Eastgate and his team every continued success and congratulate Fiera on the transaction.”
Chris Eastgate, Chief Executive Officer of Cube, said:
“I Squared’s ownership and leadership positioned Cube District Energy as a sustainable platform business in the renewable energy sector. Together with our new owners, Fiera, and a committed team at Cube District Energy, I look forward to building on this platform, continuing to grow a successful core business and leveraging off this into adjacent renewables activities.”
Moelis & Company LLC acted as financial advisor and Allen & Overy LLP as legal advisor to Fiera Infrastructure on this transaction. Houlihan Lokey Inc. acted as financial advisor and Troutman Pepper LLP as legal advisor to I Squared Capital on this transaction.
About Cube District Energy
Founded in 2014 and headquartered in Atlanta, Georgia, Cube owns and operates seven landfill gas-to-power assets and one cogeneration asset across the southeastern United States.
About Fiera Infrastructure
Fiera Infrastructure is a leading global mid-market direct infrastructure investor operating across all subsectors of the infrastructure asset class. Led by a team of highly experienced and specialized professionals, the firm leverages strong global relationships, with a local presence in Toronto, London and New York. Fiera Infrastructure has assets under management and commitments of C$3.0 billion as of September 30, 2021. Fiera Infrastructure has invested in 40 infrastructure assets across utilities, telecommunications, transportation, renewables and PPPs.
For further information, please visit www.fierainfrastructure.com. Follow Fiera Infrastructure on LinkedIn.
About Fiera Capital Corporation
Fiera Capital is a leading independent asset management firm with approximately C$180.8 billion in assets under management as of September 30, 2021. The Firm provides institutional, retail and private wealth clients with access to full-service integrated money management solutions across traditional and alternative asset classes. Clients and their portfolios derive benefit from Fiera Capital’s depth of expertise, diversified offerings and outstanding service. Fiera Capital trades under the ticker FSZ on the Toronto Stock Exchange. For further information, please visit www.fieracapital.com.
Headquartered in Montreal, Fiera Capital, with its affiliates in various jurisdictions, has offices in over a dozen cities around the world, including New York (U.S.), London (UK), and Hong Kong (SAR).
In the U.S., asset management services are provided by the Firm’s U.S. affiliates who are investment advisers that are registered with the U.S. Securities and Exchange Commission (SEC) or exempt from registration. Registration with the SEC does not imply a certain level of skill or training. For details on the particular registration of, or exemptions therefrom relied upon by, any Fiera Capital entity, please consult this webpage.
Additional information about Fiera Capital Corporation, including the Firm's annual information form, is available on SEDAR at www.sedar.com.
About I Squared Capital
I Squared Capital is an independent global infrastructure investment manager with over $32 billion in assets under management focusing on energy, utilities, digital infrastructure, transport and social infrastructure in the Americas, Europe and Asia. The firm has offices in Hong Kong, London, Miami, New Delhi, and Singapore.
Disclaimer
This document is for information purposes only and does not constitute an offering of any security, product, service or fund. This document does not take into account any investor’s investment objectives, strategies, tax status, or investment horizon. This document does not constitute investment advice and may not be used in making any investment decision. This document contains only summary information and no representation or warranty, express or implied, is or will be made in relation to the accuracy or completeness of the information contained herein, by Fiera Capital Corporation, Fiera Infrastructure, or any of their respective affiliates or funds. Some of the statements contained in this document are, or may be deemed to be, “forward-looking statements”. Forward-looking statements are not guarantees of future performance. Past performance is no guarantee of future results. Should any of the descriptions or terms in this document be inconsistent with any applicable governing documents, such documents shall prevail.
United Kingdom: This document is issued by Fiera Capital (UK) Limited which is authorised and regulated by the Financial Conduct Authority.
Fiera Capital (UK) Limited Queensberry House, 3 Old Burlington Street, London W1S 3AE, UK.
Tel: + 44 (0)20 7518 2100 www.fiera.com
European Economic Area (EEA): Fiera Capital (Germany) GmbH (“Fiera Germany”) offers, as a tied agent for the account and under the liability of Netfonds Financial Service GmbH, Heidenkampsweg 73, 20097 Hamburg (NFS), investment brokerage of financial instruments. NFS is a securities institute in accordance with Section 2 (1) WpIG and has the necessary licences from the Federal Financial Supervisory Authority (BaFin). As a tied agent of NFS Netfonds Financial Service GmbH, Fiera Germany are entered in the public register maintained by BaFin at www.bafin.de.
Fiera Capital (Germany) GmbH Walther-von-Cronberg-Platz 13, 60594 Frankfurt, Germany
Tel: +49 69 9202 075-0
Fiera Infrastructure
Ashley Ng
Vice President, Investor Relations
(416) 646-2708
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I Squared Capital
Andreas Moon
Managing Director and Head of Investor Relations
(786) 693-5739
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MINNEAPOLIS--(BUSINESS WIRE)--Northern Oil and Gas, Inc. (NYSE American: NOG) (“Northern”) today announced a long-term base dividend growth plan. Details can be found in the presentation made available today on Northern’s website at https://www.northernoil.com/investors/company-information/presentations.
MANAGEMENT COMMENT
“Our base dividend growth plan should provide additional clarity to investors on our current plans,” commented Nick O’Grady, Northern’s Chief Executive Officer. “We are dedicated to providing strong capital returns, while maintaining avenues for additional growth to our business. We have made great strides in building a diversified, low-leverage entity, and remain focused on delivering a superior total return for our investors.”
ABOUT NORTHERN OIL AND GAS
Northern Oil and Gas, Inc. is a company with a primary strategy of investing in non-operated minority working and mineral interests in oil & gas properties, with a core area of focus in the premier basins within the United States. More information about Northern Oil and Gas, Inc. can be found at www.northernoil.com.
SAFE HARBOR
This press release and the presentation referred to herein contain forward-looking statements regarding future events and future results that are subject to the safe harbors created under the Securities Act of 1933, as amended (the “Securities Act”), and the Securities Exchange Act of 1934, as amended (the “Exchange Act”). All statements other than statements of historical facts included or referenced in this press release regarding Northern’s dividend plans and practices (including timing, amounts and relative performance), financial position, business strategy, plans and objectives for future operations, industry conditions, cash flow, and borrowings are forward-looking statements. When used in this presentation, forward-looking statements are generally accompanied by terms or phrases such as “estimate,” “project,” “predict,” “believe,” “expect,” “continue,” “anticipate,” “target,” “could,” “plan,” “intend,” “seek,” “goal,” “will,” “should,” “may” or other words and similar expressions that convey the uncertainty of future events or outcomes. Items contemplating or making assumptions about actual or potential future sales, market size, collaborations, and trends or operating results also constitute such forward-looking statements.
Forward-looking statements involve inherent risks and uncertainties, and important factors (many of which are beyond Northern’s control) that could cause actual results to differ materially from those set forth in the forward-looking statements, including the following: changes in Northern’s capitalization, changes in crude oil and natural gas prices; the pace of drilling and completions activity on Northern’s properties and properties pending acquisition; the effects of the COVID-19 pandemic and related economic slowdown; Northern’s ability to acquire additional development opportunities; the projected capital efficiency savings and other operating efficiencies and synergies resulting from Northern’s acquisition transactions; integration and benefits of property acquisitions, or the effects of such acquisitions on Northern’s cash position and levels of indebtedness; changes in Northern’s reserves estimates or the value thereof; general economic or industry conditions, nationally and/or in the communities in which Northern conducts business; changes in the interest rate environment or market dividend practices, legislation or regulatory requirements; conditions of the securities markets; Northern's ability to consummate any pending acquisition transactions; other risks and uncertainties related to the closing of pending acquisition transactions; Northern’s ability to raise or access capital; changes in accounting principles, policies or guidelines; and financial or political instability, acts of war or terrorism, and other economic, competitive, governmental, regulatory and technical factors affecting Northern’s operations, products, services and prices. Additional information concerning potential factors that could affect future plans and results is included in the section entitled “Item 1A. Risk Factors” and other sections of Northern’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, as updated from time to time in amendments and subsequent reports filed with the SEC, which describe factors that could cause Northern’s actual results to differ from those set forth in the forward-looking statements.
Northern has based these forward-looking statements on its current expectations and assumptions about future events. While management considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks, contingencies and uncertainties, most of which are difficult to predict and many of which are beyond Northern’s control. You are urged not to place undue reliance on these forward-looking statements, which speak only as of the date they are made. Except as may be required by applicable law or regulation, Northern does not undertake, and specifically disclaims, any obligation to update any forward-looking statements to reflect events or circumstances occurring after the date of such statements.
Mike Kelly, CFA
Chief Strategy Officer
952-476-9800
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PHOENIX--(BUSINESS WIRE)--Pinnacle West Capital Corporation’s (NYSE: PNW) board of directors today declared a quarterly dividend of $0.85 per share of common stock, payable on March 1, 2022, to shareholders of record at the close of business on Feb. 1, 2022.
Pinnacle West Capital Corp., an energy holding company based in Phoenix, has consolidated assets of approximately $22 billion, about 6,300 megawatts of generating capacity and more than 6,000 employees in Arizona and New Mexico. Through its principal subsidiary, Arizona Public Service, the company provides retail electricity service to more than 1.3 million Arizona homes and businesses. For more information about Pinnacle West, visit the company’s website at pinnaclewest.com.
Media Contact: Alan Bunnell (602) 250-3376
Analyst Contact: Amanda Ho (602) 250-3334
Website: pinnaclewest.com
GREENSBORO, N.C.--(BUSINESS WIRE)--$KTB--Building on its previous commitments and stated goals, Kontoor Brands, Inc. (NYSE:KTB), a global lifestyle apparel company with a portfolio led by two of the world’s most iconic consumer brands, Wrangler® and Lee®, today released its 2020 Sustainability Report, the second report in the company’s two years as a publicly traded organization. In accordance with the standards of the Global Reporting Initiative (GRI) and Sustainable Accounting Standard Board (SASB), the report details Kontoor’s progress in advancing its sustainability agenda focusing on People, Product and Planet – operating with the highest standards of ethics and transparency, seeking to source products and materials that are sustainable and from partners that share its values.
“Sustainability is core part of our DNA at Kontoor – a foundational element of how we do business around the world,” said Scott Baxter, Board Chair, President and Chief Executive Officer, Kontoor Brands. “While we are pleased with our initial progress outlined in the report, we recognize there is more that we can do. As we move ahead, we are committed to using our scale and purpose-led approach to drive meaningful environmental and social advancements for all of our stakeholders.”
Throughout a volatile 2020 for the apparel industry, Kontoor continued its holistic approach to its sustainability strategy which encompasses the end-to-end product lifecycle and is deeply engrained in the company’s overall business strategy. Kontoor Brands closely manages its supply chain and distribution, and directly owns one-third of its manufacturing operations. The company also leverages its strong relationships with third-party manufacturers and seeks to embed sustainability in all stages of production to improve the overall impact of its products.
“Although our industry faced substantial uncertainty over the last two years, we have used this time to strengthen our resolve to meet our goals and set new ones – for our people, products and the planet,” said Jeff Frye, VP of Procurement, Product Development, Innovation, and Sustainability, Kontoor Brands. “We’re incredibly proud of the progress we have made during this period and have rallied as a team and continue to focus on building a more resilient future.”
Report highlights include:
These goals are supported by a wide array of initiatives across Kontoor Brands’ production chain – from the focus on circularity and diverting materials from landfills to partnering with Business for Social Responsibility’s HERproject to improve access to healthcare knowledge and services for garment workers in Bangladesh. Kontoor is aiming to not only set and meet its own ambitious goals, but also to apply lessons learned and best practices transparently so that others can bring these innovations to life in their own manufacturing operations.
Kontoor Brands’ 2020 Sustainability Report has been prepared in accordance with the Global Reporting Initiative (GRI) Sustainability Reporting Standards and the SASB Apparel, Accessories and Footwear Industry Standard. To read the full report or to find additional information about Kontoor Brands’ sustainability approach and goals, visit KontoorBrands.com/Sustainability.
About Kontoor Brands
Kontoor Brands, Inc. (NYSE: KTB) is a global lifestyle apparel company, with a portfolio led by two of the world’s most iconic consumer brands: Wrangler® and Lee®. Kontoor designs, manufactures and distributes superior high-quality products that look good and fit right, giving people around the world the freedom and confidence to express themselves. Kontoor Brands is a purpose-led organization focused on leveraging its global platform, strategic sourcing model and best-in-class supply chain to drive brand growth and deliver long-term value for its stakeholders. For more information about Kontoor Brands please visit www.KontoorBrands.com.
This press release may include “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. In some cases, these forward-looking statements can be identified by the use of words such as “may,” “might,” “will,” “should,” “expects,” “plans,” “goal,” “target,” “mission,” “strategy,” vision,” “roadmap,” “anticipates,” “believes,” “estimates,” “predicts,” “potential” or “continue” or the negative version of these words or other comparable words. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause actual results to be materially different from any future results expressed or implied by such forward-looking statements. Any statements that refer to expectations or other characterizations of future events or circumstances, such as statements about Kontoor’s sustainability commitments, objectives, targets, and plans, as well as our progress towards those goals are forward-looking statements. These statements are not guarantees of future performance and are subject to certain risks, uncertainties and other factors, some of which are beyond our control and are difficult to predict. Risks and uncertainties include: assumptions not being realized; evolving government regulations; our expansion into new products, services, technologies, and geographic regions; scientific or technological developments; evolving sustainability strategies; economic, competitive, technological, and public health factors affecting our operations, markets, products, services and prices; or other changes in circumstances; and the factors set forth under “Risk Factors” in Kontoor’s Annual Report on Form 10-K for the fiscal year ended January 2, 2021 and Kontoor’s Quarterly Report on Form 10-Q for the quarter ended October 2, 2021. You are cautioned not to place undue reliance on these forward-looking statements. Kontoor undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as required by law.
Julia Burge, (336) 332-5122
Director, External Communications
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HOUSTON--(BUSINESS WIRE)--Tidewater Inc. (NYSE: TDW) (the “Company”) today announced that its Board of Directors has amended its previously adopted Tax Benefits Preservation Plan (the "Plan") to accelerate the termination of the Plan to December 15, 2021. The Plan, previously scheduled to expire on April 13, 2023, was designed to protect the Company’s existing net operating loss carryforwards and foreign tax credits, by deterring an acquisition of the Company's stock in-excess of a threshold amount that could trigger an “ownership change” within the meaning of the Internal Revenue Code.
Quintin Kneen, Tidewater’s President and Chief Executive Officer, commented, “The Plan was established in March of 2020 to protect significant tax attributes that were at risk of being limited under Section 382 of the Internal Revenue Code due to the considerable rolling three-year change in ownership percentage of the Company, which was driven in part by the issuance of shares in the November 2018 acquisition of GulfMark Offshore, Inc. Subsequent to the recent third anniversary of that transaction as well as other factors, the rolling three-year change in ownership was reduced significantly. The Board determined that the Company's tax attributes no longer need the protection of the Plan, and it is in the best interest of the Company's shareholders to promptly terminate the Plan.”
About Tidewater
Tidewater owns and operates one of the largest fleets of offshore support vessels in the industry, with more than 65 years of experience supporting offshore energy exploration, production, generation and offshore wind activities worldwide.
Forward-Looking Statements
In accordance with the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, Tidewater notes that certain statements set forth in this press release contain certain forward-looking statements which reflect our current view with respect to future events and future financial performance. Forward-looking statements are all statements other than statements of historical fact. All such forward-looking statements are subject to risks and uncertainties, many of which are beyond the control of the Company, and our future results of operations could differ materially from our historical results or current expectations reflected by such forward-looking statements. Investors should carefully consider the risk factors described in detail in the Company’s most recent Form 10-K, most recent Form 10-Q, and in similar sections of other filings made by the Company with the SEC from time to time. The Company’s filings can be obtained free of charge on the SEC’s website at www.sec.gov. Except to the extent required by law, the Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained in this press release to reflect any change in the Company’s expectations or any change in events, conditions or circumstances on which any statement is based. Forward-looking statements and written and oral forward-looking statements attributable to the Company or its representatives after the date of this release are qualified in their entirety by the cautionary statements contained in this paragraph and in other reports filed by the Company with the SEC.
Tidewater Inc.
West Gotcher
Vice President,
Finance and Investor Relations
+1.713.470.5285
The funding will enable the company to accelerate deployment and drive down costs along the entire carbon capture and sequestration supply chain
ARVADA, Colo.--(BUSINESS WIRE)--Carbon America, the first vertically integrated carbon capture and sequestration (CCS) super developer, today announced it has secured $30 million in Series A funding to deploy commercial projects and scale up its technology. Participating investors include the Canada Pension Plan Investment Board (CPP Investments), ArcTern Ventures, Energy Impact Partners, the Grantham Environmental Trust’s Neglected Climate Opportunities Fund, and Golden Properties. The shareholders will also have an option to invest an additional $15 million by April 2022 to support the company’s continued accelerated growth.
“We’re extremely pleased to be joining with an amazing set of financial partners who are committed to climate solutions and who have a sophisticated understanding of the emerging supply chain and economies of scale in carbon capture,” said Alex Lau, Chairman and Co-Founder of Carbon America. “Having such strong financial and strategic partners is a key enabler to advance our mission of working with some of the biggest emitters in North America to mitigate their climate impact, capture as much CO2 as possible as quickly as possible, and drive down the cost of carbon capture for the world.”
Carbon America’s team of highly skilled and experienced talent spans the entire CCS value chain, from development to financing, engineering and execution, and provides the foundation for moving CCS projects from concept to operation faster and more cost effectively than existing approaches. The company is currently developing multiple projects that accelerate emissions reductions and commercial deployment of CCS.
“As a long-term investor, we believe carbon capture will have an important role to play in the world’s transition to address climate change,” said Bruce Hogg, Managing Director, Head of the Sustainable Energies Group at CPP Investments. “Carbon America’s focus on the entire carbon capture and sequestration supply chain makes this investment a good fit for our Innovation, Technologies and Services strategy, in support of our Sustainable Energies program and overall investment mandate.”
“Carbon capture is an increasingly pivotal part of the toolkit for fighting the climate crisis - particularly for really tough sectors like cement and steel - and we’re excited to support such a highly capable team in their pursuit of supercharging growth in this field,” said Tom Rand, Co-Founder and Managing Partner at ArcTern Ventures. “We believe Carbon America has a new and unmatched level of strategic and savvy thinking on CCS, tremendous technical depth, and we look forward to seeing the impact they bring as they deploy projects and help drive this important industry forward.”
Carbon America anticipates further announcements regarding project deployment and technology scale-up over the course of 2022.
“Carbon capture technology has been around for a long time,” said Hans Kobler, Founder and Managing Partner at Energy Impact Partners. “What’s been missing is the ability to finance, build and operate carbon capture projects, at scale, in an efficient, cost effective way. We think Carbon America has cracked the code on how to deploy CCS projects at scale with their vertically integrated model backed by technical expertise and look forward to seeing the emissions reductions from these projects.”
About Carbon America
Carbon America is a vertically integrated super developer of carbon capture and sequestration projects founded with a climate impact-focused mission to accelerate the technological, financial and operational maturity of CCS. More information can be found at carbonamerica.com.
About Canada Pension Plan Investment Board
Canada Pension Plan Investment Board (CPP Investments™) is a professional investment management organization that manages the Fund in the best interest of the more than 20 million contributors and beneficiaries of the Canada Pension Plan. In order to build diversified portfolios of assets, investments are made around the world in public equities, private equities, real estate, infrastructure and fixed income. Headquartered in Toronto, with offices in Hong Kong, London, Luxembourg, Mumbai, New York City, San Francisco, São Paulo and Sydney, CPP Investments is governed and managed independently of the Canada Pension Plan and at arm’s length from governments. At September 30, 2021, the Fund totaled C$541.5 billion. For more information, please visit www.cppinvestments.com.
About Energy Impact Partners
Energy Impact Partners, LP (EIP) is a global venture capital firm leading the transition to a sustainable future. EIP brings together entrepreneurs and the world's most forward-looking energy and industrial companies to advance innovation. With over $2 billion in assets under management, EIP invests globally across venture, growth, credit, and infrastructure – and has a team of nearly 60 professionals based in its offices in New York, San Francisco, Palm Beach, London, Cologne, and Oslo. For more information on EIP, please visit www.energyimpactpartners.com.
About ArcTern Ventures:
ArcTern Ventures is a venture capital firm obsessed with helping solve the climate crisis and rethinking sustainability. ArcTern, based in Toronto with offices in Oslo and San Francisco, invests globally in breakthrough technology companies solving climate change and sustainability - we call it #earthtech. The fund was founded on the premise that accelerating the transition to a carbon-neutral economy will disrupt all industries and present an unprecedented opportunity for outsized financial returns. Solving our planet's biggest problems will lead to big rewards—for companies, their investors, and of course, Mother Earth.
About Grantham Trust’s Neglected Climate Opportunities
Neglected Climate Opportunities LLC is a climate-focused venture capital vehicle that invests to redesign energy systems, improve soil health, spare the ocean from acidification, and recapture carbon from the atmosphere. NCO is a wholly owned subsidiary of the Jeremy and Hannelore Grantham Environmental Trust which, along with its affiliate, the Grantham Foundation for the Protection of the Environment, believe that innovation and technology are the best hope for an enduring future. The Grantham Trust and Foundation have, for over 15 years, focused almost exclusively on climate change mitigation and currently support over eighty grantees and forty portfolio companies around the world.
Media
Isaac Steinmetz
Antenna for Carbon America
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2 MW Plant to Utilize Gazelle's Breakthrough Hybrid Floating Wind Platform
DUBLIN--(BUSINESS WIRE)--#CleanEnergy--Gazelle Wind Power (Gazelle) has signed a memorandum of understanding (MOU) with Maersk Supply Service (Maersk), a leading provider of global offshore marine services and integrated solutions for the energy sector worldwide, to support the development of a 2 MW pilot plant using the company's breakthrough floating wind platform at the Oceanic Platform of the Canary Islands (PLOCAN). Maersk Supply Service will provide the project's engineering, procurement, construction and installation (EPCI), which is expected to be completed in Q2 2023.
Through Maersk's expertise in providing EPCI services, as well as their global offshore project execution in the marine sector, this partnership is the next step in bringing Gazelle's patented, breakthrough hybrid floating wind platform and first-of-its-kind dynamic mooring system to the commercial market.
Having demonstrated the capabilities of its technology with a statement of feasibility by leading worldwide classification organization DNV, Gazelle's platform successfully combines the top attributes of the most popular floating offshore wind platform designs seen today without their drawbacks. The Gazelle platform enables wind farms to be placed in deep waters and is much lighter than conventional platforms. It is also more compact and simpler to build, deploy, and maintain than other floating platforms, which translates to a dramatically lower levelized cost of energy (LCOE).
"Maersk has an impressive track record and we could not have asked for a better organization to work with on this project," said Connie Hedegaard, Non Executive Director, Gazelle Wind Power. "This agreement with Maersk will help Gazelle accelerate the momentum of the development of its hybrid floating platform and open up the massive offshore wind market."
”Green transition and decarbonisation initiatives are at the heart of our strategy,” said Yvan Leyni, Floating Wind Solutions Director at Maersk Supply Service, “We are committed to being at the forefront of the rapidly evolving floating wind industry and are delighted to support the Gazelle pilot project.”
As more industries and world governments commit to decarbonisation and net-zero emissions goals, enabling wind farms to be placed in deeper waters as far as 400 meters will be critical to generate the required energy for a growing worldwide population without fossil fuels. According to DNV, the floating offshore wind market is projected to reach as much as 250 GW of output by 2050.
Gazelle is supported by an elite group of energy industry veterans on its board of directors, including leading global policymakers, government officials, engineers, and CEOs.
About Gazelle Wind Power
Gazelle Wind Power Limited is unlocking the massive deep-water offshore wind market to achieve global decarbonisation. The company's durable, disruptive hybrid floating platform with a high stability attenuated pitch surmounts the current barriers of buoyancy and geographic limitations while reducing costs and preserving fragile marine environments. The company is based in Dublin and has a presence in Dubai, London, Madrid, Paris, and Texas. For more information, visit www.gazellewindpower.com.
For Gazelle Wind Power:
Wendy Prabhu | Mercom Communications
T: +1 512 215 4452
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Annual award presented by the Sea Tow Foundation honors marine companies for their concentrated promotion of boating safety
OLATHE, Kan.--(BUSINESS WIRE)--Garmin® International, Inc., a unit of Garmin Ltd. (NYSE: GRMN), the world’s largest1 and most innovative marine electronics manufacturer, today announced it was awarded a 2021 National Boating Industry Safety Award from the Sea Tow Foundation, honoring Garmin’s commitment to boating safety through its product innovations and dedicated promotion efforts. The award was presented December 8, 2021, in cooperation with the Boating Safety Advisory Council, during the Marine Retailers Association of the Americas (MRAA) national Dealer Week and seeks to recognize for-profit companies in the recreational boating industry that successfully promote safe and responsible boating.
Garmin received top honors in the Gear and Equipment Manufacturer category for its work aligned with National Safe Boating Week 2021. The company was praised for utilizing its social channels to drive heightened awareness for the resources, programming and training opportunities available to boaters by the National Safe Boating Council, U.S. Coast Guard, and Sea Tow. In addition to social amplification, Garmin helped influence safe boating education and promotion through purposeful media outreach, informative blog posts and a special Garmin marine webinar emphasizing ways that boaters can stay prepared and vigilant while on the water.
“This award represents our dedication to not only creating products that can support safe and responsible boating for customers, but to help shed light on an important conversation within industry,” said Dan Bartel, Garmin vice president of global consumer sales. “Whether for the seasoned skipper or a brand-new boater, our goal is to provide products and resources needed for a stronger and smarter community of boaters. The National Boating Industry Safety Award is evidence that we are already making a difference within that community, and we thank the Sea Tow Foundation for this great honor.”
For decades, Garmin marine products – such as No.1 marine mapping1 from combined Garmin and Navionics® content, VHF and AIS marine radio systems and much more – have helped bring greater peace of mind and situational awareness to boaters, anglers, and sailors alike. Due to the impact that the pandemic has had on the marine industry, Garmin continues to prioritize the value of safer boating behavior by offering innovative communication and navigation systems with seamless onboard integration and a variety of resources designed to cultivate greater confidence in boaters and anglers when leaving shore.
“Garmin is a true leader in boating safety, evidenced by its significant investment in the Navionics app, g3 cartography, inReach satellite communications capability, as well as AIS, GPS and VHS systems,” said Gail Kulp, Sea Tow Foundation executive director. “This is in addition to the strong social media campaign it held over National Safe Boating Week that focused on educating the wave of new boaters who joined the boating community over the past two years on enhanced situational and boating safety awareness initiatives that truly impressed the judges.”
Engineered on the inside for life on the outside, Garmin products have revolutionized life for anglers, sailors, mariners and boat enthusiasts everywhere. Committed to developing the most sophisticated marine electronics the industry has ever known, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For the seventh consecutive year, Garmin was recently named the Manufacturer of the Year by the National Marine Electronics Association (NMEA). Other Garmin marine brands include Fusion®. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, email This email address is being protected from spambots. You need JavaScript enabled to view it., or follow us at facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin, youtube.com/garmin or linkedin.com/company/garmin.
1 Based on 2020 reported sales.
About Garmin International, Inc. Garmin International, Inc. is a subsidiary of Garmin Ltd. (NYSE: GRMN). Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin, Navionics and Fusion are registered trademarks of Garmin Ltd. or its subsidiaries.
Notice on Forward-Looking Statements:
This release includes forward-looking statements regarding Garmin Ltd. and its business. Such statements are based on management’s current expectations. The forward-looking events and circumstances discussed in this release may not occur and actual results could differ materially as a result of known and unknown risk factors and uncertainties affecting Garmin, including, but not limited to, the risk factors that are described in the Annual Report on Form 10-K for the year ended December 26, 2020 and the Quarterly Report on Form 10-Q for the quarter ended September 25, 2021, filed by Garmin with the Securities and Exchange Commission (Commission file number 0-31983). A copy of Garmin’s Form 10-K and the Q3 2021 Form 10-Q can be downloaded from https://www.garmin.com/en-US/investors/sec/. No forward-looking statement can be guaranteed. Forward-looking statements speak only as of the date on which they are made and Garmin undertakes no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.
Riley Swickard
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Green LIB tokens to be backed by leading EV, battery technology sector investments, to build India’s first Gigafactory.
JAKARTA, Indonesia--(BUSINESS WIRE)--#BlockchainTechnology--A group of experienced business professionals have come together to launch Libcoin (LIB), a “governance and reward” crypto token. The Libcoin initiative combines financial engineering borne of the digital economy with heightened excitement over infrastructure development through greater “greening” technologies. The green LIB tokens will be accessed through Ethereum blockchain technology, expected to convert to Ethereum 2.0 in 2022. An initial exchange offering (IEO) will comprise 15% of the total token supply to investors through dozens of crypto currency exchanges and launch pads. Adding an initial dex offering (IDO), also over Ethereum, is planned in due course.
Investment in LIB tokens will support establishment of India’s first lithium-ion manufacturing Gigafactory. India has set an aggressive goal of reaching a greater percentage of electric motor vehicles on its roads by 2030 and plans for the LIB-funded Gigafactory and an EV plant to be constructed by Australia-based Avass Group are under way. Avass is a subsidiary of the Duggal Family Trust, broad-based international business conglomerate active across many industry sectors, with special interest in advancing the causes of clean and renewable energy projects and initiatives. The Avass Touring Bus holds the Guinness World Record for an Electric Bus travelling more than 1,000 km on a single charge, and Avass is also the first Australian Electric Vehicle manufacturer to obtain a World Manufacturer ID (WMI) and be registered with the Department of Transport and Regional Services (DOTARS).
Libcoin Pte Ltd, registered in Singapore, where DFT centralizes much of its activity, chose India as its launch point due to that country’s fifth place standing in world auto sales and as a ripe market for EV sector growth. In addition to India, the Libcoin launch will include Indonesia, whose government demonstrates similar enthusiasm for DFT’s ideas and Libcoin’s plan.
A small supply of LIB tokens will be sold at a discount to strategic investors, inversely proportional to the vesting schedules of long-term investors. Twenty-five percent of net profits will divert to an annual token “burn” that will be monitored by a top-tier auditing company. Early investors will have direct stake in the growth of Libcoin.
Commenting on the launch, Libcoin Executive President George H. Gregor states, “Libcoin comes to the right place at the right time. India is the place, and our talent-integrated team of managers, operators, and financial engineers coalesce just as attention upon clean and renewable energy in improving countries’ infrastructures is being more keenly fixed. We believe that Libcoin is the first crypto asset to offer its holders both financial opportunity and exposure to the thriving battery technology industry. Advanced storage batteries, electric vehicles of all types, and charging stations. Yes, their time is now. . . and here through Libcoin we are uniting the ‘twin technologies’ of EV excellence with the financial means of a governance payback token model. All in one renewable energy sector – for the benefit of people as citizens and as investors.”
Website: www.libcoin.net
Rosilian Raja-+919820888023
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SAN JOSE, Calif.--(BUSINESS WIRE)--#CleanEnergy--ZEDEDA, a leader in orchestration for the distributed edge, today announced that 77% of recent survey respondents expect to increase spending on edge computing projects in 2022.
The findings are part of the Edge Computing Landscape report, sponsored by ZEDEDA and conducted with EMC Research following ZEDEDA’s annual Transform conference in August. Survey respondents represented a diverse mix of decision-makers and implementers in various verticals.
When asked about annual spending today, 59% of respondents reported an annual budget of less than $500,000, but 77% said they expect to see much more or somewhat more spending for edge projects in 2022. Nearly three-quarters (74%) said they expected to see up to a 25% spending increase in 2022.
“It makes sense that as more data is processed at the edge of the network, more spending also moves to the edge,” said Said Ouissal, founder and CEO of ZEDEDA. “Companies see edge computing as a foundational enabler for digital transformation. As organizations modernize their OT and IT infrastructure to connect previously unconnected devices and systems to the cloud, edge computing enables these new architectures with flexibility, agility and security.”
Representatives from Across Organizations Recognize the Value of Open Source
Survey respondents identified their role as being in OT, IT or line of business, but one constant was that all three roles saw open source as important to their edge computing solutions. The highest number who deemed open source important came from OT (88%), with 83% of IT and 75% in line of business agreeing. Vendor lock-in was a bigger concern for IT and line-of-business respondents, but 69% of OT respondents also reported it as a concern.
Edge Computing As a Competitive Advantage
The survey indicated that edge projects are generally led by OT departments or business units that drive the core use case, with IT departments brought in to help determine how to scale the effort. When asked why their organizations were pursuing an edge strategy, all parts of the organization overwhelmingly responded that it was due to the competitive advantage it offered.
“With ongoing COVID-19 and supply chain issues driving the need for more rapid digital transformation, we are seeing companies gain even more confidence in the market and moving innovative projects forward more quickly than they have in the past couple of years,” said Michael Pearl, ZEDEDA’s vice president of global sales. “More edge nodes are being deployed and new data-driven solutions are launching because of the need to move compute closer to the physical world and increase overall resilience to prepare for future events.”
Different Perspectives on the Challenges of Deploying Edge Projects
While nearly all respondents said they have found getting a budget for edge projects challenging in the past, different departments had unique perspectives on why that was happening. IT and business groups described obtaining funding as significantly challenging, while less than half of respondents from OT groups felt funding was an obstacle. One potential explanation is that OT-led projects may have money or safety on the line, with operations that are firmly in the physical world and impact to the bottom line being more easily measured. Also, projects tied to specific business-critical use cases (e.g., safety) may have an easier time getting funding.
Other top deployment challenges cited were security, device management, physical deployment and having the necessary personnel skills. The complexity of edge computing, which often involves different types of hardware, applications, networks and physical locations, and is done at a scale ranging from hundreds to thousands of devices, often causes organizations to struggle with the transition from proof-of-concept to full deployment.
For more details on the survey and to download the full report, go to https://zededa.com/edge-computing-landscape-2021/.
Methodology
The survey was conducted this fall, with a total of 153 qualified respondents.
About ZEDEDA
ZEDEDA, the leader in orchestration for the distributed edge, delivers visibility, control and security for edge computing deployments. ZEDEDA enables customers the freedom of deploying and managing any app on any hardware at scale and connecting to any cloud or on-premises systems. Distributed edge solutions require a diverse mix of technologies and domain expertise, and ZEDEDA provides customers with an open, vendor-agnostic orchestration framework that breaks down silos and provides the needed agility and futureproofing as they evolve their connected operations. Customers can now seamlessly orchestrate intelligent applications at the distributed edge to gain access to critical insights, make real-time decisions and maximize operational efficiency. ZEDEDA is a venture-backed Silicon Valley company, headquartered in San Jose, CA, with teams based in Bangalore and Pune, India and Berlin, Germany. For more information, contact This email address is being protected from spambots. You need JavaScript enabled to view it..
Treble
Matt Grant
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VIENNA--(BUSINESS WIRE)--RIDDLE&CODE Energy Solutions, a subsidiary firm of the leading European blockchain interface company RIDDLE&CODE, today announced a joint venture partnership with the largest energy provider in Austria, Wien Energie. The signing of the agreement took place on 9 December, with the objective of accelerating global decarbonisation efforts and distributing solutions that have proven effective in Vienna to customers worldwide.
Under this agreement, Wien Energie and RIDDLE&CODE will share financial and technological resources to provide cutting-edge services and continue shaping the future of the energy market. A joint venture of two companies that have collaborated for years will leverage Wien Energie’s technical, commercial and legal expertise in the energy sector and access to more than two million customers, and RIDDLE&CODE’s know-how in asset tokenization.
“The energy market is complex, and the complexity further increases with decentralisation,” said Michael Strebl, Wien Energie CEO. “Wien Energie has long-standing experience of decarbonising energy production portfolios. RIDDLE&CODE helps bring more transparency and traceability into the system, while incentivising sustainable business models, such as our dynamic Citizen Solar Power Plant. We are looking forward to strengthening our collaboration with our signature today and opening the next successful chapter for this young company.”
“RIDDLE&CODE and Wien Energie have an extensive track record of successful projects and we look forward to working together again to accelerate the decarbonisation of the world’s economy, while providing an empowering customer experience. The partnership with Wien Energie is in line with RIDDLE&CODE’s growth strategy, centred around tokenization of physical assets, and will build on the company’s existing and long-dated footprint in the energy sector,” said Alexander Koppel, CEO of RIDDLE&CODE.
Citizen Solar Power Plant utilises energy tokenization platform MyPower, patented Trusted Gateway and the regulatory-compliant Token Management Platform, which provides the foundation for trusted data sharing. Upcoming MyPower releases will focus on creating data market interfaces for all machines connected to the energy grid and offering tokenized green power purchase agreements. It will also focus on opening the platform’s capabilities to the automotive industry to create a “Green Mobility Chain of Trust”, which will provide a chain of evidence between green energy sources, charging stations and battery electric vehicles (BEVs).
Wien Energie
Wien Energie is one of Austria’s largest utility providers, responsible for ensuring the reliable supply of electricity, natural gas and heating to around two million people, 230,000 businesses and industrial facilities, and 4,500 farms in the Greater Vienna metropolitan area.
RIDDLE&CODE Energy Solutions
RIDDLE&CODE Energy Solutions, a subsidiary firm of the leading European blockchain interface company RIDDLE&CODE, provides the blockchain-powered infrastructure that enables resilient, low-cost and green electricity production and builds a foundation for a decentralised urban energy marketplace.
More information: www.riddleandcode.com
Media contact:
Aysenur Yükselal Aji
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Alliance members commit to food waste reduction and repurposing, decarbonization
BOSTON--(BUSINESS WIRE)--Smithfield Foods Inc., the world’s largest pork processor, is the latest food company to join the Farm Powered Strategic Alliance (FPSA), a collaborative movement to boost food waste reduction and recycling, and expand renewable energy production across America. The Farm Powered Strategic Alliance, founded in 2020 by Vanguard Renewables, Unilever, Starbucks, and Dairy Farmers of America, aims to avoid or eliminate food waste first and repurpose what can’t be eliminated into renewable energy via farm-based anaerobic digesters.
Smithfield’s inclusion in the alliance will further support progress toward sustainability initiatives the vertically integrated company has underway across its operations, including commitments to reduce waste sent to landfills, increase renewable energy sourcing and creation and become carbon negative in its U.S. company-owned operations by 2030.
“Smithfield sets an example for other companies to take a hard look at their business practices to see how they can do even better for the planet,” said John Hanselman, Founder and Chief Strategy Officer at Vanguard Renewables. “Smithfield has significant sustainability efforts across its value chain and recognizes the Farm Powered Strategic Alliance’s value in offering additional pathways to reach them.”
“Our aggressive sustainability goals and programs are the foundation of how we carry out our commitment to produce 'Good food. Responsibly.®' with respect for our people, animals, communities and planet,” said Stewart Leeth, Chief Sustainability Officer for Smithfield Foods. “We’re excited to join the Farm Powered Strategic Alliance and accelerate progress toward our leading goals, including our pledge to achieve a 75% reduction in waste and certify 75% of our U.S. facilities zero-waste-to-landfill by 2025.”
The Farm Powered Strategic Alliance, named one of Fast Company’s 2021 World Changing Ideas, includes Unilever, Starbucks, Dairy Farmers of America, Vanguard Renewables, Stonyfield Organic, Cabot Creamery, and now Smithfield Foods. The Alliance offers U.S. food manufacturers and retailers a circular approach to reducing the detrimental environmental impacts of CO2 emissions and offers a pathway toward a carbon-neutral footprint. Members have the opportunity to recycle unavoidable food and beverage waste on farms, where it is combined with farm manure in a Farm Powered anaerobic digester to generate renewable natural gas (RNG). The process also produces a low-carbon fertilizer that host farms can use to support regenerative agriculture practices and provide the American farmer with a diversified income stream.
“The world cannot wait for governments to do the right thing; private industry must take initiative, and we are thrilled to welcome Smithfield to the Alliance,” says Hanselman.
More information about Smithfield’s sustainability program and its zero-waste-to-landfill initiatives is available on its website.
To learn more about the Farm Powered Strategic Alliance, visit this link.
About Vanguard Renewables
Vanguard Renewables is a national leader in the development of food and dairy waste-to-renewable energy projects. The Company, based in Wellesley, Massachusetts, is committed to advancing decarbonization by reducing greenhouse gas emissions from farms and food waste and supporting regenerative agriculture best practices on partner farms. Vanguard co-founded the Farm Powered Strategic Alliance alongside food industry leaders Dairy Farmers of America, Unilever, and Starbucks; the Alliance now includes Cabot Creamery, Stonyfield Organic, and Smithfield Foods. The Alliance commits to developing a circular solution for food waste reduction and recycling and decarbonization of manufacturing and the supply chain. Vanguard Renewables owns and operates six on-farm anaerobic digester facilities in the northeast and plans to expand to more than 100 sites nationwide by 2025. Vanguard’s established relationships and renewable natural gas offtake agreements with national utilities including Dominion Energy, Enbridge, ONE Gas, National Grid, and Eversource, and its strategic alliance with 14,500-dairy member cooperative Dairy Farmers of America, position the Company to significantly increase U.S. production and delivery of renewable natural gas to commercial and residential customers across the country. Vanguard is a 2020 Energy Vision Leadership Award recipient and its Farm Powered anaerobic digester at Goodrich Farm in Salisbury, Vermont earned the 2021 Outstanding Dairy Sustainability Award from the Innovation Center for U.S. Dairy. Please visit https://vanguardrenewables.com/fpsa-farm-powered-strategic-alliance/ to learn more.
Vanguard Renewables Media Room
https://vanguardrenewables.com/vanguard-renewables-media-room
About Smithfield Foods, Inc.
Headquartered in Smithfield, Va. since 1936, Smithfield Foods, Inc. is an American food company with agricultural roots and a global reach. Our 63,000 team members are dedicated to producing "Good food. Responsibly.®" and have made Smithfield one of the world's leading vertically integrated protein companies. We have pioneered sustainability standards for more than two decades, including our industry-leading commitments to become carbon negative in U.S. company-owned operations and reduce GHG emissions by 30 percent across our entire U.S. value chain by 2030. We believe in the power of protein to end food insecurity and have donated hundreds of millions of food servings to our communities. Smithfield boasts a portfolio of high-quality iconic brands, such as Smithfield®, Eckrich®, and Nathan's Famous®, among many others. For more information, visit www.smithfieldfoods.com.
Vanguard Renewables Media Contacts
Billy Kepner (Media)
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(781) 371-4935
Kelley Devaney (Farm Powered Strategic Alliance)
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(855) 720-2364
Smithfield Foods Media Contact
Anna Harry
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757-707-4266
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