Backed by Clearlake Capital, Unifrax’s new fiber-based catalysis media offers enhanced production for specialty chemical and industrial catalytic reactions, with applications in hydrogen gas and fuel cell production
BUFFALO, N.Y.--(BUSINESS WIRE)--Unifrax, the leading manufacturer of high-performance specialty materials, today introduced FlexCat™ by Unifrax, a new high-surface area flexible media designed to provide enhanced catalyst effectiveness with increased yield using fewer raw materials. For use in fuel cells, specialty gas production, chemical processing, air purification and other applications, FlexCat offers catalyzers and industrial partners better performance, considerable cost savings, and improved safety for employees.
A game-changing solution for specialty catalyst markets
With many industries currently relying on alumina pellets to drive catalytic reactions, specialty chemical companies often grapple with stalled reactions because of clogged materials, large upfront investments and significant space requirements. They are also forced to contend with environmentally harmful emissions. To address these issues, Unifrax has designed a fibrous catalyst support solution that is 15 times lighter on average than the industry standard, while using significantly less precious metal catalysts and rare earth metals to drive an increase in yield while improving purity. This allows for increased output using existing equipment and enables a smaller reactor footprint for future designs. FlexCat can be incorporated into existing plant emission control systems to drive lower carbon footprints and allowing customers to meet tougher Environmental Protection Agency (EPA) standards.
“FlexCat is a truly revolutionary offering as a very lightweight, customized product form that is extremely durable in the harsh conditions typically encountered in many reactors,” said Chad Cannan, senior vice president of research and development, Unifrax. “FlexCat provides our industry partners with the potential to save millions of dollars across their operations in material costs, capital investments and improved quality from existing equipment. From cleaner emissions to meeting tougher EPA standards to increased purity, flow rates, and conversion speeds, the introduction of FlexCat is a true environmental, social, and governance (ESG) game changer for the industry.”
FlexCat is also poised to impact the hydrogen economy. As the demand for hydrogen increases, FlexCat supports the growth of hydrogen production through better selectivity and increased yield using significantly less catalyst material. FlexCat technology drives greater adoption by utilizing smaller and more efficient units that span from fuel cells to consumer devices.
Fiber-based technology that delivers
Leveraging the effective surface area of Unifrax’s unique fibrous material, FlexCat offers enhanced outputs by providing a more tortuous path for improved catalysis inside a reactor. FlexCat eliminates the need for any prewash or zeolite-coating process before applying catalyst metals. Testing to date has shown:
FlexCat’s lightweight fiber mat structure allows for safer installation and removal, and limits hazardous waste, important benefits for Unifrax’s client’s workforce and the safety of the environment.
FlexCat and Unifrax’s deep technology portfolio
FlexCat is Unifrax’s first step into industrial catalysis, building on the company’s deep history of fiber-based technology and manufacturing. Unifrax has a track record of 75+ years developing and supplying engineered inorganic materials on a large scale to advanced industries worldwide, including electric vehicles, aerospace and chemical processing.
“Unifrax continues to pursue its mission to provide greener, cleaner, and safer solutions for our customers and partners. FlexCat is a revolutionary step forward for industrial catalysis that delivers on those three pillars,” commented John Dandolph, president and CEO, Unifrax. “Unifrax has worked closely with petrochemical and renewable fuels partners throughout our company’s history. As these industries look for new and innovative technologies to deliver cost-savings and efficiencies that current products can’t offer today, products like FlexCat, along with our new vehicle emissions technology Eco-lytic™, deliver unique, game-changing solutions to catalysis industries overall. These products will have a transformational impact on safety, cost, and the environment in hundreds of industrial and chemical processes.”
Customizable for individual partners, processes and specific reactions, FlexCat can be manufactured at scale today. Unifrax will be available at Hydrogen 2021 Digital Conference & Exhibition to discuss in more with interested parties. For more information on the event visit this link.
Learn more about FlexCat at www.unifrax.com/landing-page/flexcat/.
About Unifrax
Unifrax develops and manufactures high-performance specialty materials used in advanced applications, including high-temperature industrial insulation, electric vehicles, energy storage, filtration and fire protection, among many others. Unifrax products are designed with the ultimate goal of saving energy, reducing pollution and improving safety for people, buildings and equipment by delivering on our commitment to our customers of greener, cleaner, safer solutions for their application challenges. Unifrax has 37 manufacturing facilities operating in 12 countries and employs 2,700+ employees globally. More information is available at www.unifrax.com. For updates, follow us on Twitter, LinkedIn, and Facebook.
About Clearlake
Founded in 2006, Clearlake Capital Group, L.P. is an investment firm operating integrated businesses across private equity, credit and other related strategies. With a sector-focused approach, the firm seeks to partner with experienced management teams by providing patient, long-term capital to dynamic businesses that can benefit from Clearlake’s operational improvement approach, O.P.S.® The firm’s core target sectors are industrials, technology and consumer. Clearlake currently has approximately $35 billion of assets under management and its senior investment principals have led or co-led over 300 investments. The firm has offices in Santa Monica and Dallas. More information is available at www.clearlake.com and on Twitter @ClearlakeCap.
For Unifrax:
Deborah L. Myers
Global Marketing Communication Director
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Jennifer Hurson
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Merger on track to close in the second half of 2021
ORANGE, Conn.--(BUSINESS WIRE)--AVANGRID, Inc. (NYSE: AGR), a leading sustainable energy company, announced today that it has received Federal Energy Regulatory Commission (FERC) approval for its proposed PNM Resources (NYSE: PNM) merger.
“This approval is an important step in the merger process, which will bring together two companies focused on delivering safe, reliable and clean energy for customers and communities,” said Dennis V. Arriola, CEO of AVANGRID. “The merger will further AVANGRID’s growth in both clean energy distribution and transmission, as well as expand our leadership position in renewables.”
Today’s announcement follows Federal Communications Commission (FCC) approval, the approval of the merger by PNM Resources’ shareholders, the receipt of regulatory clearance from the Committee on Foreign Investment in the United States (CFIUS) and the expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act.
The company recently announced a unanimous stipulation agreement with all parties for the merger approval before the Public Utility Commission of Texas and continues to pursue state approval for the merger from the New Mexico Public Regulation Commission. The merger also requires approval from the Nuclear Regulatory Commission.
AVANGRID announced the strategic PNM Resources merger combination in October 2020 in an all cash offer for PNM Resources’ shares at $50.30 per share, an $8.3 billion enterprise value transaction. The resulting entity would be one of the major clean energy companies in the US with ten regulated utilities in six states and the third largest renewables company with operations in 24 states.
About AVANGRID: AVANGRID, Inc. (NYSE: AGR) aspires to be the leading sustainable energy company in the United States. Headquartered in Orange, CT with approximately $38 billion in assets and operations in 24 U.S. states, AVANGRID has two primary lines of business: Avangrid Networks and Avangrid Renewables. Avangrid Networks owns and operates eight electric and natural gas utilities, serving more than 3.3 million customers in New York and New England. Avangrid Renewables owns and operates a portfolio of renewable energy generation facilities across the United States. AVANGRID employs approximately 7,000 people and has been recognized by Forbes and Just Capital as one of the 2021 JUST 100 companies – a list of America’s best corporate citizens – and was ranked number one within the utility sector for its commitment to the environment and the communities it serves. The company supports the U.N.’s Sustainable Development Goals and was named among the World’s Most Ethical Companies in 2021 for the third consecutive year by the Ethisphere Institute. For more information, visit www.avangrid.com
Forward-Looking Statements
Certain statements made in this press release for AVANGRID that relate to future events or expectations, developments, projections, estimates, intentions, goals, targets, and strategies are made pursuant to the Private Securities Litigation Reform Act of 1995. All statements contained in this Press Release that do not relate to matters of historical fact should be considered forward-looking statements, and are generally identified by words such as “may,” “will,” “would,” “can,” “expect(s),” “intend(s),” “anticipate(s),” “estimate(s),” “believe(s),” “future,” “could,” “should,” “plan(s),” “aim(s),” “assume(s)”, “project(s)”, “target(s)”), “forecast(s)”, “seek(s)” and or the negative of such terms or other variations on such terms, comparable terminology or similar expressions. These forward-looking statements generally include statements regarding the potential transaction between AVANGRID and PNM Resources, including any statements regarding the expected timetable for completing the potential merger, the ability to complete the potential merger, the expected benefits of the potential merger, projected financial information, future opportunities, and any other statements regarding AVANGRID’s and PNM Resources’ future expectations, beliefs, plans, objectives, results of operations, financial condition and cash flows, or future events or performance. Readers are cautioned that all forward-looking statements are based upon current reasonable beliefs, expectations and assumptions. AVANGRID assumes no obligation to update this information. Because actual results may differ materially from those expressed or implied by these forward-looking statements, AVANGRID cautions readers not to place undue reliance on these statements.
AVANGRID’s business, financial condition, cash flow, and operating results are influenced by many factors, which are often beyond its control, that can cause actual results to differ from those expressed or implied by the forward-looking statements. For a discussion of risk factors and other important factors affecting forward-looking statements, please see AVANGRID’s Form 10-K and Form 10-Q filings and the information filed on Avangrid’s Forms 8-K with the Securities and Exchange Commission (the “SEC”) as well as its subsequent SEC filings, and the risks and uncertainties related to the proposed merger with PNM Resources, including, but not limited to: the expected timing and likelihood of completion of the pending merger, including the timing, receipt and terms and conditions of any required governmental and regulatory approvals of the pending merger that could reduce anticipated benefits or cause the parties to abandon the transaction, the failure by AVANGRID to obtain the necessary financing arrangement set forth in commitment letter received in connection with the Merger, the occurrence of any event, change or other circumstances that could give rise to the termination of the merger agreement, the risk that the parties may not be able to satisfy the conditions to the proposed Merger in a timely manner or at all, risks related to disruption of management time from ongoing business operations due to the proposed Merger, and the risk that the proposed transaction and its announcement could have an adverse effect on the ability of PNM Resources to retain and hire key personnel and maintain relationships with its customers and suppliers, and on its operating results and businesses generally. Other unpredictable or unknown factors not discussed in this communication could also have material adverse effects on forward looking statements. Readers are cautioned not to place undue reliance on these forward-looking statements that speak only as of the date hereof.
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BUFFALO, N.Y.--(BUSINESS WIRE)--Gibraltar Industries, Inc. (Nasdaq: ROCK), a leading manufacturer and provider of products and services for the renewable energy, conservation, residential and infrastructure markets, announced today that it expects to release its first quarter 2021 financial results at approximately 7:30 a.m. ET on Wednesday, May 5, 2021. It also expects to discuss the results on a conference call that will be webcast live that same day starting at 9:00 a.m. ET. Hosting the call will be Chief Executive Officer William Bosway and Chief Financial Officer Timothy Murphy.
Those who wish to listen to the conference call should visit the Investors section of the Company’s website at www.gibraltar1.com. The call also may be accessed by dialing (877) 407-3088 or (201) 389-0927. For interested individuals unable to join the live conference call, a webcast replay will be available on the Company’s website for one year.
About Gibraltar
Gibraltar Industries is a leading manufacturer and provider of products and services for the renewable energy, conservation, residential, and infrastructure markets. With a three-pillar strategy focused on business systems, portfolio management, and organization and talent development, Gibraltar’s mission is to create compounding and sustainable value with strong leadership positions in higher growth, profitable end markets. Gibraltar serves customers primarily throughout North America. Comprehensive information about Gibraltar can be found on its website at www.gibraltar1.com.
Timothy Murphy
Chief Financial Officer
(716) 826-6500 ext. 3277
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LHA Investor Relations
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NORWELL, Mass.--(BUSINESS WIRE)--Clean Harbors, Inc. (NYSE: CLH), the leading provider of environmental and industrial services throughout North America, will host its first-quarter 2021 financial results conference call on Wednesday, May 5, 2021 at 9:00 a.m. ET.
On the call, Chairman, President and Chief Executive Officer Alan S. McKim, Executive Vice President and Chief Financial Officer Michael L. Battles, and Senior Vice President of Investor Relations Jim Buckley will discuss Clean Harbors’ financial results, business outlook and growth strategy.
Those who wish to listen to the conference call webcast should visit the Investor Relations section of the Company’s website at www.cleanharbors.com. The live call also can be accessed by dialing 877.709.8155 or 201.689.8881. Please dial in at least 10 minutes prior to the start of the call. If you are unable to listen to the live call, the webcast will be archived on the Company’s website.
About Clean Harbors
Clean Harbors (NYSE: CLH) is North America’s leading provider of environmental and industrial services. The Company serves a diverse customer base, including a majority of Fortune 500 companies. Its customer base spans a number of industries, including chemical, energy and manufacturing, as well as numerous government agencies. These customers rely on Clean Harbors to deliver a broad range of services such as end-to-end hazardous waste management, emergency spill response, industrial cleaning and maintenance, and recycling services. Through its Safety-Kleen subsidiary, Clean Harbors also is North America’s largest re-refiner and recycler of used oil and a leading provider of parts washers and environmental services to commercial, industrial and automotive customers. Founded in 1980 and based in Massachusetts, Clean Harbors operates in the United States, Canada, Mexico, Puerto Rico and India. For more information, visit www.cleanharbors.com.
Michael L. Battles
EVP and Chief Financial Officer
Clean Harbors, Inc.
781.792.5100
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Jim Buckley
SVP Investor Relations
Clean Harbors, Inc.
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Visa marks Earth Day 2021 with industry-leading milestones, innovative partnerships and initiatives toward its vision of a sustainable future
SAN FRANCISCO--(BUSINESS WIRE)--Visa (NYSE: V), a leading global payments technology company, announced today a new global commitment to reach net-zero emissions by 2040, and that the company achieved carbon neutrality across its operations in 2020.i Visa also outlined plans to become a climate positive company through new partnerships and expanded initiatives to support sustainable commerce and the transition to a low-carbon economy beyond the company’s own footprint.
“Visa is committed to creating a more sustainable future,” said Al Kelly, chairman and chief executive officer of Visa. “Our new net-zero commitment and enhanced efforts across our network in support of sustainable initiatives are immediate ways we will achieve our goals to help build a better future for our planet.”
Net-zero by 2040 – 10 years ahead of Paris Climate Agreement goal
As part of the commitment to reach net-zero emissions by 2040, Visa announced it is a new signatory of The Climate Pledge, an initiative co-founded by Amazon and Global Optimism, as well as a new member of the Climate Business Network, a World Wildlife Fund (WWF) initiative to accelerate action toward a net-zero future. Visa’s net-zero commitment is aligned with emerging global standards and definitions and will include efforts with suppliers to abate a significant portion of the greenhouse gas footprint of the company’s purchased goods and services. Visa also has committed to set science-based targets through the Science Based Target initiative at the 1.5 degree Celsius ambition level. These new commitments join Visa’s existing sustainability leadership, including its transition to 100 percent renewable electricity usage in 2020.
“This Earth Month Visa is using the power of our network to accelerate transformation in sustainability and economic recovery, while helping ensure that the planet and economies around the world thrive,” said Douglas Sabo, chief sustainability officer of Visa. “By prioritizing clean energy and sustainable practices, investing in environmentally innovative initiatives and engaging with corporate and civil society leaders on climate, we are committed to being a part of the global solution to climate change.”
Supporting Sustainable Commerce
Visa is expanding its initiatives to use its products, services, network, data, payments expertise and brand to support sustainable commerce and the transition to a low-carbon economy. Today, Visa announced its collaboration with the Cambridge Institute for Sustainability Leadership (CISL) to work together to identify new opportunities to apply electronic payments capabilities and the Visa network toward realizing a sustainable future. Results of the collaboration are anticipated in Summer 2021.
Visa’s collaboration with CISL complements the company’s efforts to work across its network to support a low-carbon future, including:
Visa’s new goals and efforts to support sustainable commerce build upon the company’s existing recognized industry leadership in sustainability, including inclusion on the following: Dow Jones Sustainability North American Index, America’s Most Responsible Companies, 100 Best Corporate Citizens and 100 Most Just Companies.
For more information, please visit: https://usa.visa.com/visa-everywhere/blog/bdp/2021/04/15/sustainable-commerce-and-1618453815474.html.
About Visa Inc.
Visa is the world’s leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network – enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company’s relentless focus on innovation is a catalyst for the rapid growth of connected commerce on any device. As the world moves from analogue to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information visit usa.visa.com/about-visa.html, usa.visa.com/visa-everywhere/blog.html and @VisaNews.
This release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are identified by words such as “will,” “plans,” “is expected,” and other similar expressions. Examples of forward-looking statements include, but are not limited to, statements we make regarding the timing and likelihood of taking actions related to our strategy, plans for future climate initiatives and goals, and the potential impact of our actions. By their nature, forward-looking statements: (i) speak only as of the date they are made; (ii) are not statements of historical fact or guarantees of future performance; and (iii) are subject to risks, uncertainties, assumptions or changes in circumstances that are difficult to predict or quantify. Therefore, actual results could differ materially and adversely from Visa’s forward-looking statements due to a variety of factors, including those contained in our Annual Report on Form 10-K for the fiscal year ended September 30, 2020, and our other filings with the U.S. Securities and Exchange Commission. You should not place undue reliance on such statements. Except as required by law, we do not intend to update or revise any forward-looking statements as a result of new information, future developments or otherwise.
i This carbon neutrality achievement covers greenhouse gas emissions footprint from Visa’s Scope 1 (owned source), Scope 2 (purchased electricity) and business travel and employee commuting elements of Scope 3 (value chain) emissions. Scopes 1, 2 and 3 are as defined by the Greenhouse Gas Protocol of the World Resources Institute (WRI) and the World Business Council for Sustainable Development (WBCSD).
Visa Media
Lindy Mockovak
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Completed $171 million in PACE financing over the past year
ATLANTA--(BUSINESS WIRE)--Stonehill, a leading direct hospitality lender, announced new leadership appointments supporting its growing Stonehill PACE lending platform. The commercial property assessed clean energy ("PACE") focused unit has extended its leadership role by financing commercial loans to companies involved in renewable energy, energy-efficient components and seismic retrofitting.
Over the past year, Stonehill PACE has completed more than $171 million in commercial PACE loans for clean energy measures and seismic retrofitting, primarily in California, Colorado, Florida, Kentucky, Missouri, Nevada and Texas.
With approximately $75 million of the $171 million funding seismic improvements, Stonehill PACE has become the largest seismic-improvement lender in the country, helping owners protect their buildings and occupants against natural disasters.
To support this growing industry and Stonehill PACE’s leadership position, Stonehill promoted Jared Schlosser to senior vice president and head of Stonehill PACE, Lisa Nordel to vice president of operations and Allison Neary to senior analyst. Also, Stonehill PACE recently hired Gabrielle Arieno and Robert Loeb as business development associates and Jadah Quick as a senior asset management analyst.
"These associates are an integral part of the company's overall success; their appointments reflect our acknowledgment of their ability and contributions to Stonehill PACE," said Mat Crosswy, president and principal of Stonehill. "Jared has exceeded our every expectation, and we are extremely confident he'll continue to excel and lead his high-performing team."
The U.S. PACE Program, launched in 2010, which the U.S. Department of Energy oversees, completed approximately $530 million of commercial PACE financing in 2020.
"Given the trend toward broader environmental, social and corporate governance concerns, more building owners and senior lenders are taking advantage of PACE financing and overcoming the challenges that have hindered the adoption of energy efficiency and related projects in their buildings," Schlosser said.
Nearly half the energy consumed and three-quarters of the electricity generated in the United States heats, cools, lights and otherwise operates buildings. Most of this energy is created by burning fossil fuels. If 15% of eligible buildings across the country utilized the commercial PACE program, it would abate 352 million metric tons of carbon, save 991 billion kilowatt-hours and add 3.2 million jobs annually, according to PACENation, the industry's nonprofit association.
About Stonehill
Stonehill primarily focuses on funding permanent loans, bridge loans, mezzanine loans, and preferred equity investments backed by limited- and select-service and compact full-service hotel assets. Since its founding in 2013, Stonehill originated more than $3.0 billion in loans for hospitality projects seeking capital to complete acquisitions, recapitalizations, refinancing and renovations. Stonehill PACE, a direct lender for Property Assessed Clean Energy (PACE) financing, is a division of Stonehill specializing in providing PACE funding for all commercial asset classes. For additional information, please visit www.stonehillsc.com.
About Stonehill PACE
Stonehill PACE, a division of Stonehill, is a direct lender for Property Assessed Clean Energy (PACE) financing. The group specializes in providing PACE funding for all commercial asset classes. Its depth of experience in sourcing, underwriting and closing real estate transactions is unparalleled in the PACE industry. The team at Stonehill PACE has earned a reputation for providing a professionally managed, efficient execution. For additional information, please visit www.stonehillpace.com.
Media
Charles Talbert
Corporate Communications Director
678-823-7683
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Corporate
Brent LeBlanc
Executive Vice President
713-666-2544
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Energy Executive Joins as Chief Corporate Development Officer
HOUSTON--(BUSINESS WIRE)--#blockchain--Data Gumbo, provider of GumboNet™ — the massively interconnected industrial smart contract network secured and powered by blockchain, today announced that it expanded its executive team with the addition of Robin Macmillan as Chief Corporate Development Officer to lead the Corporate Development team.
Macmillan joins Data Gumbo with a 40+ year career in energy with the last 12 years as Vice President and Senior Vice President for Business Development at National Oilwell Varco (NOV Inc.), the American multinational corporation and leading worldwide provider of equipment and services to upstream the oil and gas industry.
“The sheer breadth of Macmillan’s experience will serve as an invaluable asset to Data Gumbo as we continue to exponentially grow and mature our company into new industrial markets and further solidify our leadership in energy,” said Andrew Bruce, CEO and Founder, Data Gumbo. “Macmillan has the experience to expand Data Gumbo’s commercial market penetration to aid companies in undertaking digital transformation with smart contracts to reveal streamlined efficiencies and cost savings, sustainability insights across supply chains and transactional certainty in any commercial relationship.”
Macmillan is the current VP of Drilling Services at the International Association of Drilling Contractors (IADC) where he is also Chair Emeritus of the Advanced Rig Technology committee. He is also vice-chair of the Society of Petroleum Engineers (SPE) Drilling Systems Automation Technical Section. With a degree in Geology from the University of Leeds in England, Macmillan has worked in numerous countries including eight years in Latin America. His previous experience includes Management of Schlumberger Drilling and Measurements in Canada and President at the drill bit company ReedHycalog.
“There is tremendous opportunity right now to change how business is executed,” said Macmillan. “Data Gumbo is poised to deliver trust through automated, auditable blockchain-backed smart contracts that execute transactions in real-time. I am thrilled to be a part of the Data Gumbo executive team as the company is in a period of hyper growth into new industries, serving as a harbinger for significant digital transformation across commercial relationships and transparent, accurate sustainability impact data.”
About Data Gumbo
Data Gumbo is a Houston-headquartered technology company that provides GumboNet™ — a massively interconnected industrial smart contract network secured and powered by blockchain. With integrated real-time capabilities that automate and execute smart contracts, GumboNet reduces contract leakage, frees up working capital, enables real-time cash and financial management and delivers provenance with unprecedented speed, accuracy, visibility and transparency. Data Gumbo also provides GumboNet™ ESG, the automated and accurate sustainability measurement solution that ties a company’s operational data to environmental, social and governance (ESG) standards reporting for industrial supply chains.
To date, Data Gumbo has received equity funding with Saudi Aramco Energy Ventures, the venture subsidiary of Saudi Aramco, and Equinor Technology Ventures, the venture subsidiary of Equinor, Norway’s leading energy operator. With offices in Stavanger, Norway, and London, UK, the growing company was recognized as the Disruptive Innovator in the Forbes Energy Awards 2020 and named to CB Insights Blockchain 50, among other awards last year. For more information, visit www.datagumbo.com or follow on LinkedIn, Twitter and Facebook.
Gina Manassero
Data Gumbo
VP of Communications
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132,450 contracts traded in total on ICE Futures Abu Dhabi since launch
Liquidity out to January 2022 contract
Record Open Interest of more than 42,000 contracts
ABU DHABI, United Arab Emirates--(BUSINESS WIRE)--Intercontinental Exchange, Inc. (NYSE:ICE), a leading global provider of data, technology, and market infrastructure, today announced that a record 18,848 ICE Murban Crude Oil Futures contracts traded on ICE Futures Abu Dhabi (“IFAD”) on April 20, marking its highest volume day since the contracts launched on March 29. Alongside ICE Murban Crude Oil Futures, IFAD launched trading in 18 Murban-related cash settled derivatives and inter-commodity spreads, offering the market the broadest range of ways to trade and hedge Murban crude oil.
A total of 132,450 contracts have traded on IFAD since the launch, equivalent to 132 million barrels of Murban Crude oil. This includes 125,890 ICE Murban Crude Oil futures contracts and 6,560 Murban-related cash settled derivatives, with 49 firms having traded on IFAD since the launch.
“Although we are only in week four, we are seeing week-on-week growth in traded volumes and open interest in both the prompt and deferred months, with activity out to January 2022. New daily volume records are being set each week, and there is an increasing number of participants trading Murban,” said Jamal Oulhadj, President of ICE Futures Abu Dhabi. “This is a very encouraging start and really reflects how the energy industry is utilizing its new ability to hedge forward price risk for Murban crude with the physical and financial sides of the market coming together to contribute to the price formation process of Murban crude oil.”
Murban futures are open for trading for 24 hours a day on Mondays and 22 hours a day Tuesdays to Fridays, with investors from jurisdictions including Abu Dhabi Global Market, United States, Singapore, UK, Switzerland, the Netherlands, France, Norway, Australia, Japan and South Korea, able to trade on IFAD. IFAD has 27 Exchange Members and 20 Clearing Members, who are listed in full on IFAD’s Membership page.
Contracts traded on IFAD are cleared at ICE Clear Europe where they are cleared alongside ICE’s global energy futures platform covering oil, natural gas and the environmental complex, allowing customers to benefit from critical margin offsets to enhance capital efficiency.
For more information on how to clear or trade IFAD markets please contact This email address is being protected from spambots. You need JavaScript enabled to view it. or to arrange education sessions on IFAD markets please contact This email address is being protected from spambots. You need JavaScript enabled to view it..
About Intercontinental Exchange
Intercontinental Exchange, Inc. (NYSE: ICE) is a Fortune 500 company that designs, builds and operates digital networks to connect people to opportunity. We provide financial technology and data services across major asset classes that offer our customers access to mission-critical workflow tools that increase transparency and operational efficiencies. We operate exchanges, including the New York Stock Exchange, and clearing houses that help people invest, raise capital and manage risk across multiple asset classes. Our comprehensive fixed income data services and execution capabilities provide information, analytics and platforms that help our customers capitalize on opportunities and operate more efficiently. At ICE Mortgage Technology, we are transforming and digitizing the U.S. residential mortgage process, from consumer engagement through loan registration. Together, we transform, streamline and automate industries to connect our customers to opportunity.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located here. Key Information Documents for certain products covered by the EU Packaged Retail and Insurance-based Investment Products Regulation can be accessed on the relevant exchange website under the heading “Key Information Documents (KIDS).”
Safe Harbor Statement under the Private Securities Litigation Reform Act of 1995 -- Statements in this press release regarding ICE's business that are not historical facts are "forward-looking statements" that involve risks and uncertainties. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see ICE's Securities and Exchange Commission (SEC) filings, including, but not limited to, the risk factors in ICE's Annual Report on Form 10-K for the year ended December 31, 2020, as filed with the SEC on February 4, 2021.
ICE- CORP
Source: Intercontinental Exchange
ICE Media Contact:
Rebecca Mitchell
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ICE Investor Contact:
Warren Gardiner
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770-835-0114
EVANSTON, Ill.--(BUSINESS WIRE)--Star Peak Energy Transition Corp. (“Star Peak” or “the Company”) (NYSE: STPK), a publicly traded special purpose acquisition company, reminds its holders of common stock to vote in favor of the approval of the Company’s proposed business combination with Stem, Inc. (“Stem”), a global leader in artificial intelligence (AI)-driven clean energy storage systems, and the related proposals to be voted upon at the Company’s virtual Special Meeting on April 27, 2021.
The Special Meeting to approve the pending business combination is scheduled for Tuesday, April 27, 2021, at 11:00 a.m. ET. It will be completely virtual and conducted via live webcast via the following link: https://www.cstproxy.com/starpeakcorp/2021. Holders of Star Peak’s shares of common stock at the close of business on the record date of March 4, 2021 are entitled to notice of the virtual Special Meeting and should vote before 11:59 p.m. ET on April 26, 2021.
If the proposals at the Special Meeting are approved, the parties anticipate that the business combination will close shortly thereafter, subject to the satisfaction or waiver (as applicable) of all other closing conditions.
It remains important that all holders who owned Star Peak common stock as of March 4, 2021 – even if they have since sold – vote by the April 26, 2021 deadline to ensure the deal proceeds in a timely manner.
There are three ways to vote: online, via telephone or by mail. More information on how to vote can be found at https://stpk.starpeakcorp.com/vote. Holders of Star Peak common stock who need assistance voting or have questions regarding the Special Meeting may contact Star Peak’s proxy solicitor, Morrow Sodali, toll-free at (877) 787-9239 or email Morrow Sodali at This email address is being protected from spambots. You need JavaScript enabled to view it..
About Stem
Stem provides solutions that address the challenges of today’s dynamic energy market. By combining advanced energy storage solutions with Athena™, a world-class artificial intelligence (AI)-powered analytics platform, Stem enables customers and partners to optimize energy use by automatically switching between battery power, onsite generation and grid power. Stem’s solutions help enterprise customers benefit from a clean, adaptive energy infrastructure and achieve a wide variety of goals, including expense reduction, resilience, sustainability, environmental and corporate responsibility and innovation. Stem also offers full support for solar partners interested in adding storage to standalone, community or commercial solar projects – both behind and in front of the meter.
Headquartered in Millbrae, Calif., Stem is directly funded by a consortium of leading investors including Activate Capital, Angeleno Group, BNP Paribas, Constellation Technology Ventures, Copec, Iberdrola (Inversiones Financieras Perseo), GE Ventures, Magnesium Capital, Mithril Capital Management, Mitsui & Co. LTD., Ontario Teachers’ Pension Plan, RWE Supply & Trading, Temasek and Total Energy Ventures. For more information, visit www.stem.com.
About Star Peak Energy Transition Corp.
Star Peak is a blank check company incorporated in Delaware for the purpose of effecting a merger, capital stock exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Star Peak is led by a management team with extensive experience investing in the energy, energy infrastructure and renewables sectors, including Chairman, Michael Morgan and Chief Executive Officer, Eric Scheyer. Michael Morgan is Chairman and Chief Executive Officer at Triangle Peak Partners LP and currently serves as a director of Sunnova Energy International (NYSE: NOVA) and lead director of Kinder Morgan, Inc. (NYSE: KMI), one of the largest energy infrastructure companies in North America, a company he joined at its founding in 1997. Eric Scheyer is a Partner at Magnetar and has served as the Head of the Magnetar Energy and Infrastructure Group since its inception in 2005. For more information, visit https://stpk.starpeakcorp.com/.
Additional Information
This communication is being made in respect of a proposed merger transaction (the “proposed transactions”) involving Star Peak and Stem. The proposed transactions will be submitted to stockholders of Star Peak for their consideration and approval at a special meeting of stockholders. In connection with the proposed transactions, Star Peak has filed a Registration Statement on Form S-4 (the “Registration Statement”) with the Securities and Exchange Commission (“SEC”), which includes a definitive proxy statement / prospectus / written consent solicitation that has been distributed to Star Peak stockholders in connection with Star Peak’s solicitation for proxies for the vote by Star Peak’s stockholders in connection with the proposed transactions and other matters as described in such Registration Statement, as well as the prospectus relating to the offer of the securities. Star Peak has mailed a definitive proxy statement / prospectus / written consent solicitation and other relevant documents to its stockholders as of the record date established for voting on the proposed transactions. Investors and security holders of Star Peak are advised to read the definitive proxy statement / prospectus / written consent solicitation in connection with Star Peak’s solicitation of proxies for its special meeting of stockholders to be held to approve the proposed transaction because the proxy statement / prospectus / written consent solicitation contains important information about the proposed transaction and the parties to the proposed transaction. Stockholders may also obtain copies of the definitive proxy statement / prospectus / written consent solicitation, without charge at the SEC’s website at www.sec.gov or by directing a request to: Star Peak Energy Transition Corp., 1603 Orrington Ave., 13 Floor Evanston, IL 60201.
This communication does not constitute an offer to sell or the solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offering of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act.
Participants in the Solicitation
Star Peak and Stem and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Star Peak’s stockholders in connection with the proposed transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Star Peak s stockholders in connection with the proposed business combination is set forth in Star Peak’s registration statement / proxy statement that has been filed with the SEC. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of Star Peak’s directors and officers in Star Peak’s filings with the SEC, and such information is also in the Registration Statement that has been filed with the SEC by Star Peak, which includes the definitive proxy statement / prospectus / written consent solicitation of Star Peak for the proposed transaction.
Forward-Looking Statements
Certain statements in this communication may be considered “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally relate to future events of Star Peak or Stem’s future financial or operating performance. For example, projections of future revenue and other metrics are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “or“ or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Star Peak and its management, and Stem and its management, as the case may be, are inherently uncertain factors that may cause actual results to differ materially from current expectations include, but are not limited to: 1) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive merger agreement with respect to the business combination; 2) the outcome of any legal proceedings that may be instituted against Star Peak, the combined company or others following the announcement of the business combination and any definitive agreements with respect thereto; 3) the inability to complete the business combination due to the failure to obtain approval of the stockholders of Star Peak, to obtain financing to complete the business combination or to satisfy other conditions to closing; 4) changes to the proposed structure of the business combination that may be required or appropriate as a result of applicable laws or regulations or as a condition to obtaining regulatory approval of the business combination; 5) the ability to meet the New York Stock Exchange’s listing standards following the consummation of the business combination; 6) the risk that the business combination disrupts current plans and operations of Stem as a result of the announcement and consummation of the business combination; 7) the ability to recognize the anticipated benefits of the business combination, which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; 8) costs related to the business combination; 9) changes in applicable laws or regulations; 10) the possibility that Stem or the combined company may be adversely affected by other economic, business and/or competitive factors; 11) Stem’s estimates of its financial performance; 12) the impact of the novel coronavirus disease pandemic and its effect on business and financial conditions; and 13) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in Star Peak’s Annual Report on Form 10-K for the year ended December 31, 2020. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Star Peak nor Stem undertakes any duty to update these forward-looking statements, except as otherwise required by law.
Investor Contact – Stem
Ted Durbin, Stem, Inc.
Marc Silverberg, ICR, Inc.
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Media Contact – Stem
Cory Ziskind, ICR, Inc.
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Star Peak
Tricia Quinn
Courtney Kozel
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847 905 4400
TORONTO--(BUSINESS WIRE)--Chemtrade Logistics Income Fund (TSX: CHE.UN) today announced that it has declared a cash distribution of $0.05 per unit for the month of April 2021 payable on May 26, 2021 to unitholders of record at the close of business on April 30, 2021.
Holders of units who are non-residents of Canada will be required to pay all withholding taxes payable in respect of any distributions of income by the Fund.
Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177
Ryan Paull
Business Development Manager
Tel: (973) 515-1831
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Nuverra Environmental Solutions, Inc. (NYSE American: NES) (“Nuverra” or the “Company”) today announced the appointment of Patrick L. Bond as the Chief Executive Officer of Company, effective April 21, 2021. Charlie Thompson, the Company’s current Chief Executive Officer, will continue to serve as Chairman of the Company’s Board of Directors following the transition.
“Pat has a long and distinguished history in the oilfield services sector, and we are excited to have him lead the Nuverra team,” said Mr. Thompson. “As a 30-year industry veteran, Pat brings not only tremendous operational expertise, but also a deep commercial focus that will be critically important to the Company as the industry emerges from the effects of the COVID-19 pandemic and the oil price collapse in 2020. He is a petroleum engineer who has successfully undertaken numerous business development and management roles throughout the United States and internationally, including senior leadership positions at Halliburton, Weatherford, Schlumberger and several of its affiliated companies, and most recently as Co-CEO of Gravity Oilfield Services. Pat has spent the better part of the last ten years leading smaller private companies like Gravity and its predecessors, and we believe he will be an excellent fit for Nuverra, our customers and our employees.” Mr. Bond will be based in the Company’s corporate office in Houston.
As previously announced, David J. Nightingale joined the Board of Directors of the Company effective April 6, 2021. Mr. Nightingale brings relevant industry experience having served as Executive Vice President, Wellsite Services of Select Energy Services, Inc. and as the Executive Vice President and Chief Operating Officer of Rockwater Energy Solutions, Inc. “We are looking forward to the strategic insights that David will bring as a result of his many years in the broader oil service industry as well as the water sector specifically,” said Mr. Thompson.
“The addition of Pat and David to these key leadership roles adds formidable commercial strength, strategic insight and operating expertise to help Nuverra address the challenges and uncertainties the business is facing.”
About Nuverra
Nuverra Environmental Solutions, Inc. provides water logistics and oilfield services to customers focused on the development and ongoing production of oil and natural gas from shale formations in the United States. Our services include the delivery, collection, and disposal of solid and liquid materials that are used in and generated by the drilling, completion, and ongoing production of shale oil and natural gas. We provide a suite of solutions to customers who demand safety, environmental compliance and accountability from their service providers. Find additional information about Nuverra in documents filed with the U.S. Securities and Exchange Commission (“SEC”) at http://www.sec.gov.
Nuverra Environmental Solutions, Inc.
Investor Relations
602-903-7802
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Emissions reduction goals will support the United Nations’ Paris Agreement and a better future
BOISE, Idaho--(BUSINESS WIRE)--$ACI--Albertsons Companies (NYSE: ACI) has announced its commitment to the Science Based Targets initiative (SBTi) and will set an emissions reduction target that supports the goals of the United Nations’ Paris Agreement to reduce carbon emissions. Albertsons Cos.’ emissions reduction goal will align with standards that are designed to ensure a better future and to prevent the worst impacts of climate change.
In a recent assessment of priorities for Albertsons Cos.’ Environmental, Social, Governance (ESG) strategy, internal and external stakeholders rated energy and emissions as high priorities for the Company to focus on. To support these priorities, leaders across the enterprise are updating long-term strategic plans to include opportunities to reduce emissions from Albertsons Cos.’ direct operations and indirect value chain.
Albertsons Cos. will evaluate energy use and procurement, refrigerants, transportation, and its supply chain to submit an emissions reduction goal to SBTi for approval. The Science Based Targets initiative is a partnership between CDP, UN Global Compact, WRI, and WWF that helps companies take meaningful climate action through its science-based framework. The framework requires all emissions reduction goals to support the Paris Agreement’s objective to limit global warming to well below 2°C above pre-industrial levels.
“We are passionate about making a meaningful difference in our neighborhoods and planet and are committed to continuing to reduce our climate impacts,” said Vivek Sankaran, President and CEO. “The SBTi framework will guide us in doing our part to minimize our impact within our own operations and beyond. We look forward to working with our supply chain partners to address this important issue.”
Efforts currently underway to measure and reduce emissions at Albertsons Cos include:
These goals will continue to drive innovation within and beyond Albertsons Cos. to reduce climate impact. For more information, please visit https://www.albertsonscompanies.com/our-values/planet.html.
About Albertsons Companies
Albertsons Companies is one of the largest food and drug retailers in the United States, with both a strong local presence and national scale. Albertsons Companies operates stores across 34 states and the District of Columbia with more than 20 well-known banners including Albertsons, Safeway, Vons, Pavilions, Randalls, Tom Thumb, Carrs, Jewel-Osco, Acme, Shaw's, Star Market, United Supermarkets, Market Street, Haggen, Kings Food Markets and Balducci’s Food Lovers Market.
Christine Wilcox
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SAN LEANDRO, Calif.--(BUSINESS WIRE)--FreeWire Technologies, a leader in electric vehicle (EV) charging and power solutions, today announced that it has formed an alliance with AssetWorks, a leading supplier of fleet management software in North America and the United Kingdom. Under this collaboration, FreeWire’s EV charging solutions can be combined with AssetWorks’ robust FuelFocusEV software solution that monitors and compiles EV charging data, enabling fleet organizations to make better-informed decisions based on vehicle energy consumption.
"The future of fleet management is zero emission, and our support for fleet electrification is constantly growing," says Michael Terreri, EV Product Manager at AssetWorks. “FuelFocusEV is a giant leap forward for how fleets track and manage EV charging. By fully integrating with charging solution providers like FreeWire, FuelFocusEV provides a single dashboard and control interface for fleet leaders to manage their operations and plan future growth.”
“FreeWire has been providing battery-integrated electric vehicle charging to fleets since 2015, and we look forward to working with the leader in fleet and fuel management systems,” said John Erdman, Director of Partner Sales at FreeWire. “AssetWorks is leading the way to enable fleet managers to incorporate and manage electric vehicles in their fleets. By combining FreeWire DC Fast-Charging (DCFC) stations with the FuelFocusEV platform, AssetWorks will enable fleet managers to charge electric fleet vehicles without the need for an upgrade to 480V service, saving time and infrastructure costs and greatly reducing operating expenses by providing off-peak and demand-charge-elimination technology.”
FreeWire has deployed battery-integrated chargers with Fortune 100 companies, commercial customers, fleets, retail locations, and gas stations. In December 2020, FreeWire and bp pulse, one of the UK’s leading providers of EV charging infrastructure, announced an exclusive MOU for bp pulse to deploy Boost Charger in its operations across the UK. FreeWire and ampm, a bp subsidiary and convenience store chain with over 1,000 locations, have already deployed multiple public charging stations in the U.S.
In January 2021, FreeWire announced a $50 million Series C funding round, led by Riverstone Holdings, with participation from current shareholders bp ventures, Energy Innovation Capital, and Blue Bear Capital. This financing will enable FreeWire to accelerate international market expansion of Boost Charger and expand production capacity to meet unprecedented customer demand.
About FreeWire Technologies
FreeWire's turnkey power solutions deliver energy whenever and wherever it's needed for reliable electrification beyond the grid. With scalable clean power that moves to meet demand, FreeWire customers can tackle new applications and deploy new business models without the complexity of upgrading traditional energy infrastructure. Learn more at www.freewiretech.com
About AssetWorks
AssetWorks is a leading supplier of fleet management software, automated fueling systems and enterprise asset management software in North America and the United Kingdom, with more than 550 software customers, including private fleet operators as well as City, County, State and Federal organizations. AssetWorks solutions enable fleet organizations of all sizes to improve maintenance practices, streamline operations and improve accountability for mission-critical transportation assets.
Media:
Cory Ziskind
ICR
646-277-1232
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Using protective coating solution from LINE-X (normally sprayed on truck bedliners), Vietnam’s Quang Ninh Province to enhance the durability of Styrofoam floats for fish farmers and save aquatic life from pollution
HA LONG BAY, Quang Ninh Province, Vietnam & HUNTSVILLE, Ala.--(BUSINESS WIRE)--In celebration of Earth Day 2021, LINE-X, a U.S.-based leading manufacturer of high-performance protective coatings for truck bedliners, automotive and industrial uses, and its LINE-X Coating Developer in Vietnam, announced that they are working with Quang Ning Province in Vietnam to substantially reduce waste (by removing 3 million cubic meters of Styrofoam pollution in the next 10-20 years) in its Ha Long Bay region by applying coatings on the surface of foam floats used by local aquatic fish farmers. LINE-X is also contributing a sizeable amount of its coatings at no cost to the Quảng Ninh Province to further support the effort.
In 2015, Jenna Jambeck, an environmental engineer at the University of Georgia, analyzed plastic waste levels in the world’s oceans. According to her report, the 192 countries with a coast bordering Atlantic, Pacific and Indian oceans, Mediterranean and Black seas produced a total of 2.5 billion metric tons of solid waste. Of that, 275 million metric tons was plastic, and an estimated 8 million metric tons of mismanaged plastic waste entered the ocean in 2010. According to a 2017 report by Ocean Conservancy covered by Forbes, Vietnam is among the top five countries in the world contributing to ocean pollution.
A significant portion of Vietnam’s aquatic pollution stems from the country’s floating farms with the help of Styrofoam floats that range in size from small – 25cm x 30cm x 50 cm – to large – 50cm x 60cm x 100cm. However, each float only lasts up to a year before the water causes the Styrofoam to break off and crumble, causing not only immense pollution on the bay and shores, but dangers aquatic life as the fish tend to eat the foam. With an estimated 20 million floats used in Ha Long Bay alone, this has been a serious problem for the area for decades.
In response, Quảng Ninh Province launched environmental protection projects, which aimed at finding a solution to prevent plastic and Styrofoam waste in the bay as well as helping the region become a model city for waste management. After three years of research and running pilot programs, one of its solutions is to apply LINE-X coatings, a high performance polyurea protective coatings offering scientifically formulated polymers that permanently bond to a wide range of surfaces for unmatched durability, to each float. With LINE-X applied, the floats have proven to drastically harden and become more durable – without effecting buoyancy – while minimizing breakage and flaking. With the floats having around 1-year shelf life before breaking away, LINE-X has extended its lifespan to 10 years. Furthermore, the coating itself is environmentally safe – particularly when compared to other coating solutions – as it’s made up of 100% solids, are not made with any volatile organic compounds (VOCs) or harmful solvents, and once coated, it doesn’t emit any harmful chemicals.
The floats that have been coated with LINE-X since the start of the project have shown no signs of wear or tear. It’s estimated that in 10 years, 10 million floats will be coated with LINE-X to keep the bay from being polluted. It’s also estimated that in 10-20 years, 3 million cubic meters of Styrofoam pollution will be eliminated because of the coated floats. All pilot projects have worked so well that the People's Committee of Quang Ninh Province has issued Document No. 6419/UBND-MT, dated September 5, 2019, on strengthening environmental protection in aquaculture activities and construction of floating works in the Province. The regulation states: "in case of using foam buoys, it is required to coat LINE-X paint on the surface to increase the durability of foam buoys, resist impact, compression, prolong while using.”
Quang Ninh Province has also made LINE-X's Vietnam branch, also known as SHQ Quang Ninh Limited Liability Company (operated by CEO Lam Nguyen Manh Cuong in Vietnam as well as president Mike Le in the U.S.), the first organization to be officially certified to apply local foam buoys with LINE-X products, according to the Province's regulation QCĐP 08: 2020/QN dated August 30, 2020.
“We’re excited for LINE-X to be applied to the floats of our local fishing farms. It drastically expands the life of the float and supports our aquatic farms from a cost savings perspective,” said Mr. Tang Van Phien, a local farmer in the Ha Long Bay. “Not only will we be able to go longer without purchasing new floats year after year since they last longer, we will also be saving money for pollution cleanup. LINE-X is helping us environmentally and economically.”
Each float (i.e. 25cm x 30cm x 50 cm) is estimated to cost around $6 USD. With LINE-X now being added, the farming community in the bay will be saving about 40% in total investment cost across 10 years compared to using normal foam buoys. LINE-X is also extending its support for the effort by donating a sizeable amount of its spray on coatings, helping the farmers to save even more.
“To say we are thrilled and honored on all the wonderful accomplishments the people and environment of Quảng Ninh Province and Ha Long Bay will be able to attain using LINE-X is an understatement,” said Lam Nguyen Manh Cuong, CEO of LINE-X Vietnam. “The local province officials and others have been great to work with and I admire their relentless efforts to turn their fishing communities into models for modern-day waste management. I have no doubt they will reach that goal in the coming years and we’re excited to be a part this mission.”
Roberto Martinez, LINE-X’s Senior Vice President, Marketing and International Development, added: “Part of our mission at LINE-X is to provide a coating that helps protect the most important assets to industries and everyday people. It’s humbling to know that our product has even a deeper and more significant use across the world where families and farmers get to protect their aquatic environment and main food source. That’s truly remarkable. We’re also proud of the fact that the Vietnamese people are able to make their fish farms cleaner by using a coating that is safe for the environment compared to other solutions that are out there.”
About LINE-X
LLC LINE-X LLC (www.LINE-X.com) is a global leader in high performance polyurea protective coatings offering scientifically formulated polymers that permanently bond to a wide range of surfaces for unmatched durability. With the launch of the brand’s Truck Gear by LINE-X accessory line, LINE-X’s near-‘unbreakable’ coatings are complemented with premium, stylish truck offerings to make for a true one-stop truck customization solution at franchise locations across the United States and the globe. With prominent applications in the automotive, military, commercial, light industrial, heavy industrial, agricultural, marine and personal customization worlds, LINE-X brings legendary protection to any business or manufacturer serious about protecting and prolonging the life of its products. Headquartered in Huntsville, Ala., LINE-X supports more than 660 customers in 75 countries, manages eight warehouses across six continents, and employs an award-winning chemistry team with state-of-the-art product innovation lab. Follow LINE-X on Twitter @LINEXProtects, become a fan on Facebook of LINE-X Protective Coatings, follow LINE-X on Instagram @LINEXNorthAmerica, and check out what LINE-X is doing on YouTube at: www.youtube.com/LINEXProtects.
Hunter Dodson
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512-914-6745
SAN RAMON, Calif. & PLANO, Texas--(BUSINESS WIRE)--Chevron U.S.A. Inc., through its Chevron Products Company division (Chevron), and Toyota Motor North America, Inc. (Toyota) announced a memorandum of understanding to explore a strategic alliance to catalyze and lead the development of commercially viable, large-scale businesses in hydrogen, with the goal to advance a functional, thriving global hydrogen economy.
Chevron and Toyota are seeking to work on three main strategic priorities: collaborating on hydrogen-related public policy measures that support the development of hydrogen infrastructure; understanding current and future market demand for light-duty and heavy-duty fuel cell electric vehicles and supply opportunities for that demand; and exploring opportunities to jointly pursue research and development in hydrogen powered transportation and storage.
“We are excited to collaborate with Toyota. Working towards a strategic alliance on hydrogen presents an opportunity to build a large-scale business in a low-carbon area that is complementary to our current offerings,” said Andy Walz, president of Chevron’s Americas Fuels & Lubricants. “This opportunity leverages our market position, assets, technology, and organizational capability and supports our efforts to help advance a lower-carbon future.”
“This is another important step toward building a hydrogen economy,” said Bob Carter, executive vice president, Toyota Motor North America. “Combining Toyota’s decades of experience in developing hydrogen powered fuel cell electric technology with Chevron’s deep resources in the energy sector has the potential to create new transportation choices for both consumers and businesses that move us toward our goal of carbon neutrality.”
About Chevron
Chevron U.S.A. Inc. is a subsidiary of Chevron Corporation, one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, Chevron Corporation is involved in virtually every facet of the energy industry. Chevron explores for, produces and transports crude oil and natural gas; refines, markets and distributes transportation fuels and lubricants; manufactures and sells petrochemicals and additives; generates power; and develops and deploys technologies that enhance business value in every aspect of the company's operations. Chevron is based in San Ramon, CA. More information about Chevron is available at www.chevron.com.
About Toyota
Toyota (NYSE:TM) has been a part of the cultural fabric in North America for more than 60 years, and is committed to advancing sustainable, next-generation mobility through our Toyota and Lexus brands plus our 1,800 dealerships. Toyota has created a tremendous value chain and directly employs more than 47,000 in North America. The company has contributed world-class design, engineering, and assembly of more than 40 million cars and trucks at our 14 manufacturing plants, 15 including our joint venture in Alabama that begins production in 2021.
Through its Start Your Impossible campaign, Toyota highlights the way it partners with community, civic, academic and governmental organizations to address our society’s most pressing mobility challenges. We believe that when people are free to move, anything is possible. For more information about Toyota, visit www.toyotanewsroom.com.
Tyler Kruzich, Chevron External Affairs
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t. (925) 549-8686
Tania Saldana, Toyota Mobility Communications
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t. (469) 292-2418
DUBLIN--(BUSINESS WIRE)--The "Electric Vehicle (EV) Battery Housing Market - A Global and Regional Analysis: Focus on Battery Housing Materials, Component, Cell Format, and Application, Supply Chain Analysis, Country Analysis, and Impact of COVID-19 - Analysis and Forecast, 2019-2025" report has been added to ResearchAndMarkets.com's offering.
The global EV battery housing market generated revenue of $873.4 million in 2020 and is expected to reach $4,478.0 million by 2025 at a CAGR of 36.9%.
The report constitutes an extensive study of the global EV battery housing market. It includes a thorough analysis of different vehicle types as well as different materials used in the EV battery housing systems.
In terms of volume, the total demand for EV battery housing material in 2020 was 279.7 kilotons, which is expected to increase to 1,167.3 kilotons in 2025, growing at a CAGR of 31.5% during the forecast period. Growing penetration of EVs across the globe, increasing EV range, and battery capacity coupled with demand for robust vehicle design is benefitting the market growth.
The EV battery housing market has further been segmented in terms of cell format, which helps in understanding the material requirements in battery enclosures of different battery packs. It further explains the driving forces, challenges, and growth opportunities of the EV battery housing market.
Major players have been identified on the basis of revenue generation pertaining to the EV battery housing market, regional presence, and developments related to battery enclosure systems. A detailed company profiling has been done in order to understand the player's strategic behavior.
Moreover, the country analysis has also been done in order to have a clear picture of the EV battery housing market. Different countries based on the adoption of the EV technology, battery production, battery enclosure manufacturing, and ongoing developments in the regions by the government as well as the private entities are some of the factors based on which countries growth rate has been calculated.
Competitive Landscape
In the recent past, partnership and new product launches have been the major recent activities in this industry. The growth in demand for advanced and light battery enclosure systems has made its providers focus on differentiated products, mainly based on aluminum and composite materials.
SGL Carbon, Novelis Inc., Nemak, S.A.B., de C.V., Constellium SE, Gestamp Automocion, UACJ Corporation, GF Linamar LLC, Hanwha Advanced Materials, Minth, Continental Structural Plastics, Thyssenkrupp AG, TRB Lightweight, Hitachi Metals, Ltd., POSCO, Norsk Hydro ASA
Key Topics Covered:
1 Markets
1.1 Industry Outlook
1.1.1 Electric Vehicle Trends: Current and Future
1.1.2 EV Battery Housing Market: Overview
1.1.2.1 Timeline: Evolution of EV Battery Industry
1.1.2.2 Increasing EV Range: Decreasing Battery Pack Weight
1.1.2.3 Securing the Supply of Lithium-Ion Batteries by EV Manufacturers
1.1.3 Supply Chain Analysis/MAP
1.2 Business Dynamics
1.2.1 Business Drivers
1.2.1.1 Increasing Demand for EVs Globally
1.2.1.1.1 Rising Concern Toward the Environment
1.2.1.1.2 Increasing Government Support
1.2.1.2 Growing EV Battery Production and Robust Design Requirements
1.2.1.3 Continuously Declining Price of Li-Ion Battery
1.2.2 Business Challenges
1.2.2.1 Solid-State Batteries
1.2.2.2 Lack of Standardization
1.2.2.3 Underdeveloped Value Chain for Raw Materials in Developing Countries
1.2.3 Partnerships and Collaborations
1.2.4 Product Launches
1.2.5 Business Opportunities
1.2.5.1 Light Weight Battery Housing Systems: From Steel to Aluminum
1.2.5.2 Housing with Integrated Cooling Systems
1.2.5.3 Composite Battery Housings: Lightweight and Safe
2 Application
2.1 Application and Specification
2.1.1 Market Application and Specification Based on Cell Format
2.1.1.1 Pouch Cell
2.1.1.2 Cylindrical Cell
2.1.1.3 Prismatic Cell
2.1.2 Market Application and Specification Based on Vehicle Type
2.1.2.1 Plug-In Hybrid Electric Car
2.1.2.2 Battery Electric Car
2.1.2.3 E-Bus
2.1.2.4 E-Truck
2.2 Demand Analysis of EV Battery Housing Market (by Cell Format)
2.3 Demand Analysis of EV Battery Housing Market (by Vehicle Type)
3 Products
3.1 Global EV Battery Housing Market: Material and Specifications
a. Steel
b. Aluminum
c. Glass Fiber-reinforcede Polymer (GFRP)
d. Carbon Fiber-reinforced Polymer (CFRP)
3.2 Demand Analysis of EV Battery Housing Market (by Material)
3.3 Product Benchmarking: Growth Rate - Market Share Matrix
3.3.1 Opportunity Matrix, by Region
3.3.2 Opportunity Matrix, by Material
3.4 Technology Roadmap
4 Region
5 Markets - Competitive Benchmarking & Company Profiles
5.1 Who Supplies Whom?
5.2 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/r7f5fl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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SAVANNAH, Ga.--(BUSINESS WIRE)--#ports--Genesee & Wyoming Inc. (G&W) today announced its subsidiary Savannah Port Terminal Railroad, Inc. (SAPT) has broadened its long-term rail services agreement with the Georgia Ports Authority (GPA) to include GPA’s new Mason Mega Rail Terminal.
The new agreement is especially significant as rail container capacity at the port, which already has the country’s largest and fastest-growing container terminal, is expected to double to two million TEUs per year with the completion of the Mason Mega Rail project later this year.
“We are confident in the ability of Genesee & Wyoming’s SAPT railroad to consistently provide the safe, efficient rail services needed to match our growth trajectory,” said GPA Executive Director Griff Lynch. “With the near completion of Garden City Terminal’s Mason Mega Rail project, intermodal trade via the Port of Savannah is expected to play an increasing role in our business.”
Founded by G&W in 1998, SAPT provides the Port of Savannah’s rail intermodal and merchandize service, railcar switching and yardmaster services, and interchange with connecting railroads CSX and Norfolk Southern, as well as track inspection and maintenance. SAPT currently operates 24/7 over 18 track-miles inside the Port, which is increasing by an additional 15 track-miles serving the Mega Rail Terminal. When completed later this year, the new terminal will have the ability to build and receive six 10,000-foot trains simultaneously and cut transit times to the Midwest by 24 hours.
“After 23 years of providing rail services to the Port of Savannah, it is an honor for SAPT to extend its relationship with Georgia Ports Authority for the long term and be entrusted with the doubling of rail capacity at such a vital component of U.S. transportation infrastructure and the nation’s economy,” said G&W Chief Executive Officer Jack Hellmann. “To support their success, customers demand that we provide safe, highly responsive service that is constantly adapting to new business conditions, and there is no better illustration of that close partnership than the phenomenal growth at the Port of Savannah.”
G&W railroads serve more than 30 ports in North America, the United Kingdom and continental Europe. Operations include direct rail service to inland, river and Atlantic/Gulf Coast/Pacific ports in North America; long-term contracts to operate rail infrastructure for leading port authorities in North America; “last mile” rail services within Europe’s largest port; and complete “dock-to-door” rail and road transport of maritime containers from the major U.K. seaports.
About Genesee & Wyoming
G&W owns or leases 116 freight railroads organized in locally managed operating regions with 7,300 employees serving 3,000 customers.
G&W subsidiaries and joint ventures also provide rail service at more than 30 major ports, rail-ferry service between the U.S. Southeast and Mexico, transload services, and industrial railcar switching and repair. For more information, please visit www.gwrr.com or LinkedIn.
Michael Williams, G&W Corporate Communications
1-203-202-8916
HOUSTON--(BUSINESS WIRE)--United Salt Corporation, a privately owned company based in Houston and operating for almost 100 years, has revisualized its company image and brand identity. These changes are being introduced to better serve United Salt customers, while looking to accelerate planned strategic growth.
Under the leadership and guidance of the company’s new CEO, Marcie Peters, United Salt Corporation is introducing a new logo, new packaging and a more user-friendly website to reflect a modern sensibility, while continuing to serve long-standing customer needs and expectations.
“We have an exciting story to tell,” according to Ms. Peters. “We've been operating continuously for nearly 100 years. We are a family-owned company, and over half of our employees have worked for United Salt for much of their careers. Similarly, we have deep customer relationships, many of which go back decades and even longer. And while our brands are well known in the salt market, we wanted to build upon what makes us unique. We strive to appreciate what we do well and understand what we can do better. Most importantly, we hope our story will endure for the next 100 years and more."
Prior to joining United Salt Corporation, Ms. Peters most recently held the position of General Manager, Peroxides North America for Solvay Chemicals. She has a B.S. in Mechanical Engineering from the University of California, Los Angeles, and an M.B.A. from Case Western Reserve University, Cleveland, Ohio.
A fixture in Texas since 1928, United Salt Corporation and its affiliates now produce and distribute USC’s salt products from four salt mining and manufacturing facilities in the United States. The original of these facilities continues its operations in Hockley, Texas, and produces salt used in animal feed mix and salt licks, road deicing, and industrial applications. United Salt’s other products are made in Baytown, Texas, Saltville, Virginia and Carlsbad, New Mexico. This salt serves a diverse range of markets, including agriculture, water softening, consumer goods, food service, food processing, road deicing, shrimping and seafood fisheries, and industrial uses such as in leather tanning and oilfield drilling.
Rosemary Dunn
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FREIBURG, Germany--(BUSINESS WIRE)--#CTO--NexWafe GmbH today named Dr. Dirk Habermann its Chief Technology Officer. Dr. Habermann brings extensive experience in delivering products from small batch piloting to full production manufacturing at some of the photovoltaic industry’s top manufacturing companies.
NexWafe is pioneering the use of a proprietary green silicon manufacturing process fully compatible with conventional solar cell manufacturing. The result is ultra-thin, high-efficiency, monocrystalline silicon wafers that can lower their production costs while increasing solar panel efficiency.
Prior to his new position at NexWafe, Dr. Habermann served as a consultant to NexWafe while heading H2GEMINI Technology Consulting GmbH in Switzerland. H2GEMINI develops and markets technology solutions for photovoltaics, wind energy and energy storage systems. Prior to H2GEMINI, Mr. Habermann served as Chief Innovation Officer and CTO at Switzerland-based Meyer Burger Technology AG, a leading European photovoltaic (PV) company, after being elevated from his role as Head of Process, Material and Line Design there. Other industry roles he has held include VP of R&D at the Schmid Group, Technical Director of SCHMID Technology Systems GmbH, and Process Manager at RENA GmbH.
“NexWafe recently completed a €10 million round of funding, putting us on our way to pilot production and beyond,” said Davor Sujita, CEO of NexWafe. “Dr. Habermann will be instrumental in accelerating the pace of our wafer development so manufacturers can start building even more efficient photovoltaic cells into their solar panels as part of the global energy transition.”
Prior to working in the photovoltaics industry, Dr. Habermann worked as a consultant to electronics companies while also serving as an Assistant Professor in Experimental Physics at the Technical University Bergakademie Freiberg.
About NexWafe GmbH
NexWafe GmbH designs, develops and pilots a proprietary process to produce ultra-thin, high-efficiency, monocrystalline green solar wafers to make photovoltaics more sustainable and efficient. Fully compatible with conventional solar cell manufacturing, NexWafe offers a 70% reduction in carbon dioxide emissions during manufacturing. NexWafe’s continuous, direct gas-to-wafer manufacturing process also minimizes waste, resulting in wafers that are 30% less expensive than conventional wafers. NexWafe’s in-line, ultra-scalable process shatters cost down roadmap barriers and inherently supports the industry’s extraordinary growth as the transition to solar power accelerates worldwide. The company was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015. For more information, please visit https://www.nexwafe.com and follow on LinkedIn and Twitter.
Jenna Beaucage or Alan Ryan
Rainier Communications
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DUBLIN--(BUSINESS WIRE)--The "Epoxy Resin Market in Pressure Vessels for Alternative Fuels by Vessel Type, by Application Type, by Vehicle Type, and by Region, Size, Share, Trend, Forecast, & Industry Analysis: 2021-2026" report has been added to ResearchAndMarkets.com's offering.
This strategic assessment report, from the publisher, provides a comprehensive analysis that reflects today's Epoxy resin market in reality and future possibilities for pressure vessels used in alternative fuels for the forecast period 2021 to 2026.
The report segments and analyzes the market in the most detailed and comprehensive manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of low-hanging fruits available as well as formulate growth strategies.
The global epoxy resin market in pressure vessels for alternative fuels grew continuously from 2015 to 2019 and was estimated to maintain its upward growth trajectory in 2020 as well. However, the rapid spread of the pandemic has drastically changed the entire market dynamics. The pandemic worsened the existing challenges of the automotive industry, weakened the industry sales to its lowest figure of the decade, which, in turn, affected the demand for epoxy resins in pressure vessels for alternative fuels.
Analogous to the projected recoveries in the industrial estimates for the automotive industry, the study of market recoveries in previous downturns (The Great Recession) and primary interviews across the supply chain, the publisher's estimates suggest that the market for epoxy resin in pressure vessels for alternative fuels is likely to commence rebounding from 2021 onwards, followed by maintaining sequential growth till 2026, ultimately reaching to the value of US$ 31.8 million by 2026.
Companies Mentioned
Key Topics Covered:
1. Executive Summary
2. Epoxy Resin Market in Pressure Vessels for Alternative Fuels - Overview and Segmentation
2.1. Introduction
2.2. Epoxy Resin Market Segmentation in Pressure Vessels for Alternative Fuels
2.3. Supply Chain Analysis
2.4. Industry Life Cycle Analysis
2.5. PEST Analysis
2.6. SWOT Analysis
3. Epoxy Resin Market in Pressure Vessels for Alternative Fuels - The COVID-19 Impact Assessment
3.1. Insights
3.2. Epoxy Resin Market Trend and Forecast in Pressure Vessels for Alternative Fuels (US$ Million and Million Lbs.)
3.3. Pre-COVID vs Post-COVID Assessment
3.4. Real GDP Loss vs Epoxy Resin Market Loss in Pressure Vessels for Alternative Fuels (2020-2021)
3.5. Market Scenario Analysis: Pessimistic, Most Likely, and Optimistic
3.6. Market Segments' Analysis (US$ Million and Million Lbs.)
3.7. Regional and Country-Level Analysis (US$ Million)
3.8. Market Drivers
3.9. Market Challenges
4. Competitive Analysis
5. Epoxy Resin Market Trend and Forecast in Pressure Vessels for Alternative Fuels by Vessel Type (2015-2026)
6. Epoxy Resin Market Trend and Forecast in Pressure Vessels for Alternative Fuels by Application Type (2015-2026)
7. Epoxy Resin Market Trend and Forecast in Pressure Vessels for Alternative Fuels by Application Type (2015-2026)
8. Epoxy Resin Market Trend and Forecast in Pressure Vessels for Alternative Fuels by Region (2015-2026)
8.1. Insights
8.2. North American Epoxy Resin Market in Pressure Vessels for Alternative Fuels Analysis: Country Analysis
8.3. European Epoxy Resin Market in Pressure Vessels for Alternative Fuels Analysis: Country Analysis
8.4. Asia-Pacific's Epoxy Resin Market in Pressure Vessels for Alternative Fuels Analysis: Country Analysis
8.5. Rest of the World's (RoW) Epoxy Resin Market in Pressure Vessels for Alternative Fuels Analysis: Country Analysis
9. Strategic Growth Opportunities
9.1. Market Attractiveness Analysis
9.1.1. Market Attractiveness by Vessel Type
9.1.2. Market Attractiveness by Application Type
9.1.3. Market Attractiveness by Vehicle Type
9.1.4. Market Attractiveness by Region
9.1.5. Market Attractiveness by Country
9.2. Emerging Trends
9.3. Growth Matrix Analysis
9.4. Strategic Implications
9.5. Key Success Factors (KSFs)
10. Company Profile of Key Players
10.1. Aditya Birla Chemicals Ltd.
10.2. Hexion Inc.
10.3. Huntsman Corporation
10.4. Nan Ya Plastics Corporation
10.5. Olin Corporation
10.6. The 3M Company
For more information about this report visit https://www.researchandmarkets.com/r/z652wk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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