DENVER--(BUSINESS WIRE)--Taproot Energy Partners LLC announced today that its affiliate, Taproot Rockies Midstream LLC (“Taproot”) has been awarded an acreage dedication for crude gathering by Confluence Resources (Confluence) for its Platte River position. The in-service date for the pipeline is expected to be July 1, 2021.
The Confluence acreage dedication brings Taproot’s current dedicated acreage to over 325,000 acres from five producers and continues Taproot’s growth story of system expansion to support premier DJ Basin operators.
“We look forward to providing world-class midstream services and solutions to Confluence as it develops its very attractive, productive DJ Basin acreage position. As our system expands, so does producer access to crude gathering pipelines, eliminating the need for trucking and providing the safest, most environmentally friendly transportation from the wellhead,” said Garrick Brown, Taproot CCO.
“The growth Taproot has accomplished in the DJ Basin since its inception in 2018 has been remarkable. We are excited to continue our record of on-time and under-budget projects as we construct the Confluence pipeline, and providing exceptional midstream service thereafter,” said Kevin Sullivan, Taproot CEO.
For more information, please contact Colin Moe, Taproot VP of Commercial Development, at (303) 749-0365.
About Taproot Energy Partners LLC
Based in Denver, Colorado, Taproot is a midstream company led by an experienced management team with extensive prior success in creating long-term value for its producer customers. Taproot management brings a full suite of skills to partner with producers in providing all necessary midstream services. Capabilities include natural gas gathering, compression, treating and processing, crude oil gathering and transportation, produced water disposal, fresh water supply, condensate treating/blending and natural gas liquids products marketing. Taproot is backed by Energy Spectrum Capital, based in Dallas, Texas.
Visit www.TaprootEP.com for more information.
About Confluence Resources
Founded in September 2016, Confluence Resources is a private oil and gas company headquartered in Denver, Colorado. The management team comprises recognized leaders in the industry with proven track records of creating significant shareholder value over more than three decades across multiple oil and gas resource plays. The team is currently executing on the development of assets in the DJ Basin.
Visit www.confluenceresources.com for more information.
About Energy Spectrum Capital
Founded in 1995, Energy Spectrum Capital is a Dallas-based venture capital firm that makes direct investments in well-managed, lower-middle-market companies that acquire, develop and operate energy infrastructure assets in the United States and Canada. Since inception, the firm has raised more than $4.5 billion of equity capital commitments and has sponsored 65 portfolio companies.
Visit www.EnergySpectrum.com for more information.
Colin Moe
Taproot VP of Commercial Development
(303) 749-0365
ATLANTA--(BUSINESS WIRE)--Green Atom Renewable Energy Corporation has awarded PIC Group the Operation and Maintenance Agreement (O&M Agreement), effective December 2020, for the operation and maintenance of the first utility scale Waste to Energy (WtE) power generation plant in the Philippines located in Barangay Sapang Balen Mabalacat City, Philippines. Under the terms of the O&M Agreement, valued at more than $60 million, PIC Group will provide mobilization, full care and custody operations and maintenance services of the 12MW Waste to Energy Power Plant through 2035.
“Being the first utility scale Waste to Energy plant in Philippines, Green Atom wanted a well-established and experienced Operation and Maintenance company with a proven yet versatile set of O&M Management Systems, Programs and Standards,” said Rex Recarro, President at Green Atom Renewable Energy Corporation. “PIC Group has this along with a successful record of nationalized staffing and knowledge transfer.”
“PIC Group’s O&M services comprise unique, systemic programs for long-term Operation and Maintenance Services of the facilities,” said Frank Avery, President and CEO at PIC Group. “This includes remote monitoring of the plant equipment’s performance on a continuous basis, to ensure that we exceed the owner’s expectations.” PIC Group’s approach to O&M services ensures consistent and reliable operations while enabling Green Atom to achieve the maximum financial and operational goals, to include compliance, performance, and commercial management, while reducing operational risk.
About Green Atom Renewable Energy Corporation
Green Atom Renewable Energy Corporation, a subsidiary of Rublou Inc, was established in February 2015 through the collaboration of incorporators who share the same passion, advocacy and aspiration in the development of Renewable Energy Power Plants in the Philippines and elsewhere in the world.
About PIC Group
Founded in 1988, PIC Group, Inc. is dedicated to delivering value by providing global energy services to facilities across four continents – North America, South America, Asia and Africa. PIC provides O&M Services (Care, Custody and Control), Commissioning and Startup, Documentation & Training and Staffing services and serves the power generation, oil and gas, petrochemical, pulp and paper and manufacturing industries.
PIC Group, Inc. is a wholly owned subsidiary of Marubeni Corporation, a Fortune Global 500 Company. Marubeni is a major Japanese sogo shosha (international trading company) and the third largest global independent power producer (IPP).
About Marubeni
Marubeni Corporation and its consolidated subsidiaries use their broad business networks, both within Japan and overseas, to conduct importing and exporting (including third country trading), as well as domestic business, encompassing a diverse range of business including consumer products, food, agriculture, chemicals, energy and metals and power business machinery and infrastructure.
For press inquiries, contact:
Douglas Shuda
Marketing Director
678-627-4142
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AUSTIN, Texas--(BUSINESS WIRE)--Hyliion Holdings Corp. (NYSE: HYLN) (“Hyliion”), a leader in electrified powertrain solutions for Class 8 semi-trucks, today announced that it has partnered with leading frac sand solutions provider Detmar Logistics LLC. Their first collaboration with a company serving the oil and gas industry, Hyliion will work closely with Detmar as they initiate the electrification of their fleet over the next five years.
“We’re thrilled to be building a lasting relationship with a business that shares our vision of a net-carbon-negative commercial transportation industry,” said Hyliion’s Founder and CEO Thomas Healy. “Detmar is paving the way with their commitment to adopting alternative fuels, and we look forward to continuing to offer the practical solutions they need to help realize their goal of becoming a fully electrified fleet.”
An early adopter of electrification in the oil and gas industry, Detmar owns and operates 127 trucks and hauls over 200 loads of fracking sand per day. The logistics company has placed their initial order of 10 Hyliion Hybrid Electric units, marking the first step on its path to powering 100% of its fleet by low emission solutions.
“Oil and gas will continue to be an important part of the world’s energy future, and it’s imperative that we align with climate efforts to make our operations sustainable for generations to come. Hyliion’s approach to electrification by making improvements to our existing semi-trucks makes the most sense for us. We also see natural gas playing a significant role as an energy source for powering electric vehicles in the years ahead,” said Detmar Logistics President and CEO Matthew Detmar.
Flaring at oil and gas extraction sites is one of the largest greenhouse gas emitting practices in the industry. However, with an increasing focus on environmental, social, and corporate governance (ESG), the infrastructure to convert flare gas into usable CNG continues to grow, allowing what was once a waste product to be turned into usable fuel to power electrified trucks, like Hyliion’s CNG Hybrid and Hypertruck ERX.
“We want to work with our customers to keep American energy moving forward and oil and gas production sustainable. We believe in doing our part in pushing toward reliable, low carbon alternatives and we look forward to achieving that through Hyliion’s Hybrid solution and the Hypertruck ERX in the future,” Detmar added.
These initial Hybrid units are being installed on Detmar’s Volvo trucks at Hyliion’s headquarters in Austin, TX. Hyliion’s Diesel and CNG Hybrid solutions can be installed on most major Class 8 commercial trucks and are designed to improve performance, reduce emissions, lower fuel costs, and enhance the driver experience.
About Hyliion
Hyliion’s mission is to reduce the carbon intensity and greenhouse gas (GHG) emissions of Class 8 commercial trucks by being a leading provider of electrified powertrain solutions. Leveraging advanced software algorithms and data analytics capabilities, Hyliion offers fleets an easy, efficient system to decrease fuel and operating expenses while seamlessly integrating with their existing fleet operations. Headquartered in Austin, Texas, Hyliion designs, develops, and sells electrified powertrain solutions that are designed to be installed on most major Class 8 commercial trucks, with the goal of transforming the commercial transportation industry’s environmental impact at scale. For more information, visit www.hyliion.com.
Forward Looking Statements
The information in this press release includes “forward-looking statements” 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. All statements, other than statements of present or historical fact included in this press release, regarding Hyliion and its future financial and operational performance, as well as its strategy, future operations, estimated financial position, estimated revenues, and losses, projected costs, prospects, plans and objectives of management are forward looking statements. When used in this press release, including any oral statements made in connection therewith, the words “could,” “should,” “will,” “may,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “project,” the negative of such terms and other similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on management’s current expectations and assumptions about future events and are based on currently available information as to the outcome and timing of future events. Except as otherwise required by applicable law, Hyliion expressly disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements herein, to reflect events or circumstances after the date of this press release. Hyliion cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond the control of Hyliion. These risks include, but are not limited to, Hyliion’s ability to disrupt the powertrain market, Hyliion’s focus in 2021 and beyond, the effects of Hyliion’s dynamic and proprietary solutions on its commercial truck customers, accelerated commercialization of the Hypertruck ERX, the ability to meet 2021 and future product milestones, the impact of COVID-19 on long-term objectives, the ability to reduce carbon intensity and greenhouse gas emissions and the other risks and uncertainties set forth in “Risk Factors” section of Hyliion’s annual report on Form 10-K/A filed with the Securities and Exchange Commission (the “SEC”) on May 17, 2021 for the year ended December 31, 2020. Given these risks and uncertainties, readers are cautioned not to place undue reliance on such forward-looking statements. Should one or more of the risks or uncertainties described in this press release occur, or should underlying assumptions prove incorrect, actual results and plans could different materially from those expressed in any forward-looking statements. Additional information concerning these and other factors that may impact Hyliion’s operations and projections can be found in its filings with the SEC. Hyliion’s SEC Filings are available publicly on the SEC’s website at www.sec.gov, and readers are urged to carefully review and consider the various disclosures made in such filings.
Hyliion Holdings Corp.
Ryann Malone
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(833) 495-4466
Customers May Qualify for Several Different Financial Assistance Programs at Once
Apply or Enroll Now, Don’t Wait for Summer
SAN FRANCISCO--(BUSINESS WIRE)--Customers who have been financially impacted by the COVID-19 pandemic can now find new and updated information and web resources on various programs available to those who are behind on their bills and/or needing financial assistance due to the ongoing pandemic by going to pge.com/covid19.
Pacific Gas and Electric Company’s (PG&E) updated customer support website, launched earlier this month, provides information on all the financial assistance and support programs currently available to qualified customers in one easy to use page.
Get Help with Past Due Bills
The Get Help with Past Due Bills portions of the page points to a variety of financial assistance programs and payment plan arrangement support, including:
Find Ways to Reduce Future Energy Bills
The Find Ways to Reduce Future Energy Bills section links customers to applications for ongoing monthly discounts as part of the CARE and FERA Programs as well as the Energy Savings Assistance Program offering free energy efficiency upgrades to qualified customers.
Get Additional Information
The Get Additional Information portion of the page highlights more ways for customers to access support through PG&E’s Medical Baseline Program as well as various external programs such as the California COVID-19 Rent Relief Act helping income-eligible households pay rent and utilities, both for past due and future payments. Renters and landlords are eligible to apply.
The revamped webpage offers a useful resource for customers as the existing COVID-19 customer protections expire on July 1, 2021. PG&E remains committed to providing support for customers during this transition, and we want our customers to know that we are here to help.
For additional questions, we encourage customers to call 800-743-5000. Financial resources for business customers are available here.
About PG&E
Pacific Gas and Electric Company, a subsidiary of PG&E Corporation (NYSE:PCG), is a combined natural gas and electric utility serving more than 16 million people across 70,000 square miles in Northern and Central California. For more information, visit pge.com and pge.com/news.
MEDIA RELATIONS:
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SCHENECTADY, N.Y.--(BUSINESS WIRE)--Distributed Solar Development (DSD) announced today the closing of $85 million in tax equity financing from Bank of America to support its expanding pipeline of distributed generation solar projects in the commercial and industrial (C&I) market through 2021, with a sizeable portion going toward New York State Energy Development and Research Authority Value of Distributed Energy Resources (VDER) assets.
This is the third major financing deal DSD has closed this year. DSD previously announced a two-year, $300 million debt facility financed by Credit Suisse in January and a two-year, $150 million construction revolver with Rabobank in March, both of which will support DSD’s expanding pipeline of distributed generation solar projects in the C&I market.
“Our tax equity financing with Bank of America nicely complements the Credit Suisse and Rabobank financing deals closed earlier this year, and once again validates DSD’s evolution as an industry hub for the C&I market,” says DSD CEO Erik Schiemann. “We look forward to further developing our industry-leading renewable energy solutions.”
As part of Bank of America’s Environmental Business Initiative the company has deployed $200 billion since 2007 to low-carbon, sustainable business activities and recently committed $1 trillion in financing by 2030 to these efforts. Its renewable energy tax equity portfolio was approximately $10.1 billion at the end of 2020 and these investments have contributed to the development of approximately 17% (33GW) of the total installed renewable wind and solar energy capacity in the U.S.
Last November, BlackRock Real Assets completed its acquisition of the remaining 20 percent stake in DSD from GE Renewable Energy. That followed BlackRock’s initial investment in July 2019 for an 80 percent stake in DSD.
“These recent financing deals are a testament to DSD’s continued growth and position as a leading C&I operator,” says Martin Torres, Head of the Americas for the Renewable Power Group at BlackRock. “DSD’s end-to-end capabilities for developing and operating commercial, industrial and municipal solar in the U.S. gives our investors exposure to a market that’s poised to help drive the energy transition forward.”
About Distributed Solar Development
Distributed Solar Development (DSD) is transforming the way organizations harness clean energy. With unparalleled capabilities including development, structured financing, project acquisition and long-term asset ownership, DSD creates significant value for our commercial, industrial and municipal customers and partners. Backed by world-leading financial partners like BlackRock Real Assets and rooted in our founding at GE with a 120+ year legacy of innovation, our solar energy team brings a distinct combination of ingenuity, rigor, and accountability to every project we manage, acquire, own and maintain. To learn more about our industry-leading solar energy solutions, visit dsdrenewables.com and be sure to connect with us on LinkedIn and Twitter.
Meghan Gainer
Head of Marketing & Communications, Distributed Solar Development
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518-369-3692
Jessica Loizeaux
Gregory FCA for Distributed Solar Development
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610-228-2156
California rollout at seven locations includes solar, electric vehicle charging stations and energy storage, and is expected to save nearly $65,000,000 over a 20-year period
PLEASANTON, Calif.--(BUSINESS WIRE)--#workerscomp--State Compensation Insurance Fund (State Fund), California’s leading provider of workers’ compensation insurance, today announced that construction has begun on an extensive sustainability and solar energy program that includes solar, electric vehicle charging stations and energy storage at seven locations throughout California. Designed and constructed by ENGIE North America, through its affiliate ENGIE Services U.S. Inc., and JLL, State Fund will install 9.8 MW of solar, 2 MW/4.3 MWh of energy storage and 150 Level II and DC charging stations, offsetting nearly 230,000 metric tons of green-house-gas emissions over a 20-year period and saving nearly $65,000,000 in energy costs over the life of the project.
“Breaking ground on this project is a huge step forward in our drive to reduce our use of fossil fuels, limit the load we place on local and statewide electrical grids, and improve air quality throughout California,” said Andreas Acker, Executive Vice President and Chief Administrative Officer at State Fund. “Increasing our efforts and investments around sustainability initiatives will bring a number of benefits to our customers, employees, and California as a whole.”
The State Fund construction sites are located in Vacaville, Pleasanton, Redding, Fresno, Bakersfield, Sacramento and Riverside. The portfolio of solar projects is projected to produce 311 GWh over 20 years, enough to power more than 26,500 homes, and provide a reduction in CO2 emissions equivalent to taking 47,000 gas vehicles off the road.
“In addition to supporting State Fund’s greater environmental strategy, the construction helps the California economy during this critical time for recovery after the pandemic,” said Courtney Jenkins, General Manager and Vice President for Cities & Communities at ENGIE North America. “State Fund is truly a partner that aligns with ENGIE’s mission to help our customers decarbonize and optimize energy use.”
State Fund’s EV charging stations will be available to its employees and used by the company’s fleet vehicles. State Fund’s fleet currently includes eight battery electric vehicles, three of which are new long-range BEVs that allow employees to travel between State Fund locations while lowering their reliance on fossil fuels.
“JLL is proud to play an active role in initiatives that support adoption of renewable and sustainable energy like State Fund’s, a trend whose adoption is quickly accelerating,” said Kyle Goehring, Executive Vice President, JLL Clean Energy Solutions. “As a global company, we have an inherent responsibility to drive sustainability and corporate social responsibility efforts. We embrace technology to meet the needs of today and opportunities of tomorrow.”
About State Compensation Insurance Fund
State Fund is California’s leading provider of workers’ compensation insurance. Not for profit and funded solely by premiums and investment income, we’ve supported California’s entrepreneurial spirit and played a vital role in the state’s economy for more than 100 years. By innovating in areas such as workplace safety and injured worker care, we’re committed to serving California for the next 100 as well. To learn more or get a quote, contact your broker or visit www.StateFundCA.com.
About ENGIE North America
ENGIE North America Inc. offers a range of capabilities in the United States and Canada through its various subsidiaries and affiliates to help our customers achieve their sustainability goals as we work together to shape a sustainable future. Our comprehensive services include helping run facilities more efficiently and optimize energy and other resource use and costs; clean power generation; energy storage; and retail energy supply that includes renewable, demand response, and on-bill financing options. Nearly 100% of the company’s power generation portfolio is low-carbon or renewable. ENGIE S.A. is a global organization focused on low-carbon energy and services, that relies on its key businesses (gas, renewable energy, services) to offer competitive solutions to its customers. With 170,000 employees, along with its customers, partners and stakeholders, the group is committed to accelerating the transition to a carbon-neutral world through reduced energy consumption and more environmentally-friendly solutions.
For more information on ENGIE North America, please visit our LinkedIn page or Twitter feed, https://www.engie-na.com/ and https://www.engie.com.
About JLL
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. JLL shapes the future of real estate for a better world by using the most advanced technology to create rewarding opportunities, amazing spaces and sustainable real estate solutions for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.6 billion in 2020, operations in over 80 countries and a global workforce of more than 91,000 as of March 31, 2021. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com.
State Fund: Susan Wells, This email address is being protected from spambots. You need JavaScript enabled to view it., (707) 455-9740
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AWS’s secure global infrastructure expands access to DELFI Petrotechnical Suite for more customers
LONDON--(BUSINESS WIRE)--Schlumberger announced today a collaboration with Amazon Web Services (AWS) to deploy domain centric digital solutions, enabled by the DELFI* cognitive E&P environment, on the cloud with AWS. This collaboration will bring AWS customers to the DELFI Petrotechnical Suite, which provides access to AI-enhanced applications from Schlumberger and high-performance computing from AWS’s secure, extensive, and reliable global infrastructure.
“Our partnership with AWS complements our strategy to further expand access to the DELFI environment so that more customers can benefit from their subsurface data,” said Rajeev Sonthalia, president, Digital & Integration, Schlumberger. “By increasing access to digital solutions enabled by DELFI, our collaboration with AWS further unlocks opportunities for customers to continuously improve their productivity and performance.”
The collaboration enables more customers to use advanced digital solutions in the DELFI Petrotechnical Suite to draw deep insights from a large pool of data sources and apply those insights across their workflows for faster and better decision making.
“With AWS, Schlumberger can leverage the most comprehensive set of cloud services in the world, including AI and machine learning services that easily integrate with customer applications,” said Matt Garman senior vice president of sales & marketing at AWS. “Schlumberger’s cloud-based solutions paired with the high performance, scalability and security of AWS cloud, increase efficiencies so customers have more freedom to innovate—and this is just the beginning. By combining our expertise, we have the potential to accelerate innovation across the entire energy sector including new energies.”
By deploying digital solutions enabled by the DELFI environment and running on AWS, customers can run complex models, computer simulations, and analyses in a fraction of the time compared to traditional computing solutions.
For more information about the DELFI Petrotechnical Suite, click here.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “can,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.
*Mark of Schlumberger
Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
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MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today declared a quarterly dividend on its common stock of 45.75 cents per share. The dividends are payable July 20, 2021, to shareholders of record on June 15, 2021.
Xcel Energy is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies. Company headquarters are located in Minneapolis. More information is available at www.xcelenergy.com.
This information is not given in connection with any sale or offer for sale or offer to buy any securities.
Statements in this press release regarding Xcel Energy’s business which are not historical facts are “forward-looking statements” that involve risks and uncertainties. For a discussion of such risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see “Risk Factors” in the Company's Annual Report on Form 10-K for the most recently ended fiscal year.
Xcel Energy, Minneapolis
Shareholder Services
Darin Norman (612) 337-2310
or
Paul Johnson, Vice President, Investor Relations (612) 215-4535
or
Xcel Energy Media Relations Representatives (612) 215-5300
PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA) today announced a development project with the potential to significantly reduce carbon emissions in the alumina refining process, which would further enhance the Company’s strong sustainability performance across the aluminum value chain.
The Australian Renewable Energy Agency (ARENA) has granted to Alcoa of Australia $8.8 million (A$11.3 million) to test the potential use of renewable energy in a process known as Mechanical Vapor Recompression (MVR). Alcoa of Australia is currently conducting technical and commercial studies to adapt MVR technology to refining. Electricity sourced from renewable energy would power compressors to turn waste vapor into steam, which would then be used to provide refinery process heat.
If the feasibility studies are successful, Alcoa of Australia plans to install, by the end of 2023 a three megawatt MVR module with renewable energy at the Wagerup refinery in Western Australia to test the technology at scale.
“Already, Alcoa is the world’s lowest carbon intensity alumina producer, and the application of MVR, if proven successful, would be an important step forward in further reducing greenhouse gas emissions,” said Eugenio Azevedo, Alcoa’s Vice President for Continuous Improvement. “Using lower carbon alumina in the smelting process will reduce the overall carbon footprint of the metal, too, when considering the indirect and direct emissions across bauxite mining, alumina refining and aluminum smelting and casting.”
The MVR technology powered by renewable energy could reduce an alumina refinery’s carbon footprint by 70 percent. The technology also has the potential to significantly reduce water use in the refining process by capturing water vapor that would otherwise be lost to the atmosphere.
Alcoa of Australia has filed provisional patent applications in Australia for the use of MVR technology in the alumina refining process. The patent applications cover a variety of MVR applications in retrofit and greenfield scenarios in refining.
The development project aligns with Alcoa’s strategic priority to “Advance Sustainably.” Today, Alcoa’s global refining system has the industry’s lowest average carbon intensity, and Alcoa is the only company providing a low-carbon alumina brand, EcoSourceTM. Marketed as part of the Company’s SustanaTM line of products, EcoSource has no more than 0.6 metric tons of carbon dioxide equivalents for every ton of smelter-grade alumina produced, which is better than 90 percent of the industry.
About Alcoa
Alcoa (NYSE: AA) is a global industry leader in bauxite, alumina and aluminum products, with a strong portfolio of value-added cast and rolled products and substantial energy assets. Alcoa is built on a foundation of strong values and operating excellence dating back 135 years to the world-changing discovery that made aluminum an affordable and vital part of modern life. Since inventing the aluminum industry, and throughout our history, our talented Alcoans have followed on with breakthrough innovations and best practices that have led to efficiency, safety, sustainability and stronger communities wherever we operate. Visit us online on www.alcoa.com, follow @Alcoa on Twitter and on Facebook at www.facebook.com/Alcoa.
About Alcoa of Australia
Alcoa of Australia is owned by Alcoa World Alumina and Chemicals (AWAC), an unincorporated global joint venture between Alcoa Corporation and Alumina Limited that consists of a number of affiliated entities that own, operate or have an interest in bauxite mines and alumina refineries, as well as an aluminum smelter, in seven countries. Alcoa Corporation owns 60 percent of AWAC with Alumina Limited owning 40 percent.
Dissemination of Company Information
Alcoa Corporation intends to make future announcements regarding company developments and financial performance through its website at www.alcoa.com, as well as through press releases, filings with the Securities and Exchange Commission, conference calls and webcasts.
Forward-Looking Statements
This news release contains statements that relate to future events and expectations and as such constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include those containing such words as “anticipates,” “believes,” “could,” “estimates,” “expects,” “forecasts,” “goal,” “intends,” “may,” “outlook,” “plans,” “projects,” “seeks,” “sees,” “should,” “targets,” “will,” “would,” or other words of similar meaning. All statements by Alcoa Corporation that reflect expectations, assumptions or projections about the future, other than statements of historical fact, are forward-looking statements. Forward-looking statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties, and changes in circumstances that are difficult to predict. Although Alcoa Corporation believes that the expectations reflected in any forward-looking statements are based on reasonable assumptions, it can give no assurance that these expectations will be attained and it is possible that actual results may differ materially from those indicated by these forward-looking statements due to a variety of risks and uncertainties. Additional information concerning factors that could cause actual results to differ materially from those projected in the forward-looking statements is contained in Alcoa Corporation’s filings with the Securities and Exchange Commission. Alcoa Corporation disclaims any obligation to update publicly any forward-looking statements, whether in response to new information, future events or otherwise, except as required by applicable law.
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412-992-5450
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DAYTON, Ohio--(BUSINESS WIRE)--REX American Resources Corporation (NYSE American: REX), a leading ethanol company, announced today that it will report its fiscal 2021 first quarter financial results on Wednesday, May 26, pre-market and will host a conference call and webcast at 11:00 a.m. ET that morning to review the results.
To access the conference call, interested parties may dial 212/231-2911 (domestic and international callers). Participants can also listen to a live webcast of the call by going to the Investors section on the REX website at www.rexamerican.com. A webcast replay will be available for 30 days following the live event.
About REX American Resources Corporation
REX American Resources has interests in six ethanol production facilities, which in aggregate shipped approximately 605 million gallons of ethanol over the twelve-month period ended January 31, 2021. REX’s effective ownership of the trailing twelve-month gallons shipped (for the twelve months ended January 31, 2021) by the ethanol production facilities in which it has ownership interests was approximately 222 million gallons. In addition, the Company acquired a refined coal operation in August 2017. Further information about REX is available at www.rexamerican.com.
Douglas Bruggeman
Chief Financial Officer
937/276‑3931
Joseph Jaffoni, Norberto Aja
JCIR
212/835-8500
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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 May 2021 payable on June 25, 2021 to unitholders of record at the close of business on May 31, 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.
For further information:
Rohit Bhardwaj
Vice President, Finance & CFO
Tel: (416) 496-4177
Ryan Paull
Business Development Manager
Tel: (973) 515-1831
VALLEY FORGE, Pa.--(BUSINESS WIRE)--#BIDE--UGI Corporation (NYSE: UGI) announced today that John Walsh and Roger Perreault are joining over 2,000 other chief executive officers in signing the CEO Action for Diversity & Inclusion™ pledge, the largest CEO-driven business commitment to advance diversity and inclusion in the workplace.
The CEO Action for Diversity and Inclusion™ commitment is driven by a realization that addressing diversity and inclusion is a collaborative societal effort and CEOs can play a critical role. Companies from 85 industries have signed on, giving the signatory group unique perspectives on how to develop comfortable environments for employees to thrive and feel empowered to discuss critical diversity and inclusion topics.
The CEO Action pledge centers around four commitments: cultivating trusting workplaces, implementing and/or expanding unconscious bias education, sharing best—and unsuccessful—practices, and creating and sharing strategic inclusion and diversity plans with our Board of Directors.
“UGI is proud to join more than 2,000 leading companies in signing the CEO Action for Diversity and Inclusion pledge,” said John L. Walsh, President and Chief Executive Officer of UGI Corporation. “This commitment aligns with our Belonging, Inclusion, Diversity, and Equity (“BIDE”) Initiative that we recently established. We believe this is an important step for UGI as we continue to influence change, empower our employees, and strengthen our work environment.”
Roger Perreault, Executive Vice President - Global LPG, and President and Chief Executive Officer of UGI effective June 26, 2021, said, “We are committed to diversity, inclusion, and equity in all areas of our business and celebrate the unique perspectives and backgrounds that make us stronger. Two of our core values are Respect and Integrity, which are integral in how we conduct business.” Mr. Perreault concluded, “Joining the CEO Action movement is a meaningful step in expanding UGI’s BIDE Initiative and acknowledging that there is more to be done to foster a diverse and inclusive environment for our employees, customers, and the communities we serve.”
To learn more about the CEO Action for Diversity & Inclusion™, visit www.CEOAction.com
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in twelve states and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
Investor Relations
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-992-3202
AWS’s secure global infrastructure expands access to DELFI Petrotechnical Suite for more customers
LONDON--(BUSINESS WIRE)--Regulatory News:
Schlumberger announced today a collaboration with Amazon Web Services (AWS) to deploy domain centric digital solutions, enabled by the DELFI* cognitive E&P environment, on the cloud with AWS. This collaboration will bring AWS customers to the DELFI Petrotechnical Suite, which provides access to AI-enhanced applications from Schlumberger and high-performance computing from AWS’s secure, extensive, and reliable global infrastructure.
“Our partnership with AWS complements our strategy to further expand access to the DELFI environment so that more customers can benefit from their subsurface data,” said Rajeev Sonthalia, president, Digital & Integration, Schlumberger. “By increasing access to digital solutions enabled by DELFI, our collaboration with AWS further unlocks opportunities for customers to continuously improve their productivity and performance.”
The collaboration enables more customers to use advanced digital solutions in the DELFI Petrotechnical Suite to draw deep insights from a large pool of data sources and apply those insights across their workflows for faster and better decision making.
“With AWS, Schlumberger can leverage the most comprehensive set of cloud services in the world, including AI and machine learning services that easily integrate with customer applications,” said Matt Garman senior vice president of sales & marketing at AWS. “Schlumberger’s cloud-based solutions paired with the high performance, scalability and security of AWS cloud, increase efficiencies so customers have more freedom to innovate—and this is just the beginning. By combining our expertise, we have the potential to accelerate innovation across the entire energy sector including new energies.”
By deploying digital solutions enabled by the DELFI environment and running on AWS, customers can run complex models, computer simulations, and analyses in a fraction of the time compared to traditional computing solutions.
For more information about the DELFI Petrotechnical Suite, click here.
About Schlumberger
Schlumberger (SLB: NYSE) is a technology company that partners with customers to access energy. Our people, representing over 160 nationalities, are providing leading digital solutions and deploying innovative technologies to enable performance and sustainability for the global energy industry. With expertise in more than 120 countries, we collaborate to create technology that unlocks access to energy for the benefit of all.
Find out more at www.slb.com.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the U.S. federal securities laws — that is, statements about the future, not about past events. Such statements often contain words such as “expect,” “may,” “believe,” “plan,” “can,” “estimate,” “intend,” “anticipate,” “should,” “could,” “will,” “likely,” “goal,” “potential,” “projected" and other similar words. Forward-looking statements address matters that are, to varying degrees, uncertain, such as forecasts or expectations regarding the deployment of, or anticipated benefits of, digital technologies. These statements are subject to risks and uncertainties, including, but not limited to, the inability to recognize intended benefits from digital strategies, initiatives or partnerships; and other risks and uncertainties detailed in our most recent Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission. If one or more of these or other risks or uncertainties materialize (or the consequences of such a development changes), or should underlying assumptions prove incorrect, actual outcomes may vary materially from those reflected in our forward-looking statements. Statements in this press release are made as of the date of this release, and Schlumberger disclaims any intention or obligation to update publicly or revise such statements, whether as a result of new information, future events, or otherwise.
*Mark of Schlumberger
Media
Giles Powell – Director of Corporate Communication, Schlumberger Limited
Tel: +1 (713) 375-3494
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Amazon.com, Inc.
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Investors
Ndubuisi Maduemezia – Vice President of Investor Relations, Schlumberger Limited
Joy V. Domingo – Director of Investor Relations, Schlumberger Limited
Tel: +1 (713) 375-3535
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TAMPA, Fla.--(BUSINESS WIRE)--Overseas Shipholding Group, Inc. (NYSE: OSG) (the “Company” or “OSG”) announces that its Annual Meeting of Stockholders will be held virtually on Thursday, May 27, 2021 at 10:00 a.m. Eastern Time (“ET”). Any stockholder wishing to participate in the Annual Meeting may do so by means of remote communication. The Company determined to hold its meeting virtually due to continuing concerns relating to the COVID-19 pandemic.
To participate in the Annual Meeting of Stockholders remotely, dial (844) 850-0546 for domestic callers and (412) 317-5203 for international callers. Please dial in ten minutes prior to the start of the call. Stockholders and other interested parties can listen to a live webcast of the Meeting from the Investor Relations section of the Company’s website at www.osg.com. Stockholders can ask questions by using the call in option. The call is hosted by Chorus Call with a moderator who will provide instructions on how to ask a question when the Q&A section of the meeting is set to begin. If you are having technical difficulties in joining the meeting, you should email This email address is being protected from spambots. You need JavaScript enabled to view it. and someone will be available to assist.
As noted in our Proxy Statement for the Meeting, it is possible to vote by telephone or over the Internet, and we urge you to vote as soon as possible by either of these methods. A stockholder who wishes to vote on the date of the Annual Meeting or who wishes to change his or her vote may do so by sending an email to This email address is being protected from spambots. You need JavaScript enabled to view it. and attaching either your proxy card or your voting instruction form and the legal proxy provided by your bank, broker or other nominee. Your email must be submitted by 10:10 a.m. ET on Thursday, May 27, 2021. This information is necessary in order for your vote to be validated and counted.
An audio replay of the Annual Meeting of Stockholders will be available starting at 11:30 a.m. ET on Thursday, May 27, 2021 by dialing (877) 344-7529 for domestic callers and (412) 317-0088 for international callers and entering Access Code 10154244.
About Overseas Shipholding Group, Inc.
Overseas Shipholding Group, Inc. (NYSE: OSG) is a publicly traded company providing energy transportation services for crude oil and petroleum products in the U.S. Flag markets. OSG is a major operator of tankers and ATBs in the Jones Act industry. OSG’s 22 vessel U.S. Flag fleet consists of three crude oil tankers doing business in Alaska, two conventional ATB, two lightering ATBs, three shuttle tankers, ten MR tankers, and two non-Jones Act MR tankers that participate in the U.S. Maritime Security Program. OSG also currently owns and operates two Marshall Islands flagged MR tankers which trade internationally.
OSG is committed to setting high standards of excellence for its quality, safety and environmental programs. OSG is recognized as one of the world’s most customer-focused marine transportation companies and is headquartered in Tampa, FL. More information is available at www.osg.com.
Susan Allan, Overseas Shipholding Group, Inc.
(813) 209-0620
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HOUSTON--(BUSINESS WIRE)--#analytical--Universal Plant Services (UPS) has entered into a Memorandum of Understanding (MoU) with Demerara Group/AGT Energy Group. The MoU states that UPS is to provide maintenance, repair and installation services for rotating, fixed, reciprocating and electrical equipment to support the energy sector. Demerara Group/AGT is engaged to provide services to multinational companies to support all services associated with the upstream sector of Guyana and Suriname both offshore and onshore. Together, the organizations are working to support ExxonMobil’s offshore refining interests in Guyana.
UPS, a Jones Industrial Holdings company, provides world-class integrated specialty services designed to maximize the performance of critical energy assets. As one of North America’s largest comprehensive specialty service providers, UPS provides construction and maintenance, repair, and installation services for rotating, fixed, reciprocating and electrical equipment to the refining, petrochemical, power generation and offshore industries. The company has the proven skills to guide diverse construction projects to successful completion with extensive experience operating in greenfield (new) and brownfield (existing) construction.
“UPS is honored to enter into this agreement with AGT Energy and begin work in Guyana. We understand the importance of Guyana’s oil and gas sector to the growth of the country and its people and recognize the significance this particular refining project will have on both,” said Reagan Busbee, President and Chief Operating Officer of UPS. “We’ve successfully completed projects all over the world, and we’re excited to bring our expertise and passion to this project, as well as to the people of Guyana.”
Darren Debideen, Oil and Gas Consultant for Demerara Contractors and Engineers Limited (DCEL), a subsidiary of Demerara Distillers Limited (DDL), stated, “We’re excited to bring UPS onto the team. They have an extensive track record as a trusted service provider to ExxonMobil, and we’re confident that experience, along with their reputation for training and community involvement, will be beneficial for this project. We’re confident UPS is the right partner who will be dedicated not only to the success of the project, but to Guyana and its people as well,” said Danny Balkissoon, Managing Director of AGT Energy Group Inc.
About Universal Plant Services
Universal Plant Services, a Jones Industrial Holdings company, is one of North America’s largest comprehensive specialty service providers for the energy industry — providing maintenance, repair and installation services for rotating, fixed, reciprocating and electrical equipment. With headquarters in Houston, Texas, UPS employs 3,000 highly trained individuals with 16 full-service facilities that specialize in daily maintenance, turnarounds and capital projects. For more information, please visit universalplant.com.
About AGT Energy Group
AGT Energy Group Inc. Guyana was founded with a joint consortium agreement with the Demerara Group of companies in Guyana under the umbrella of Demerara Contractors and Engineering Limited. AGT Energy strives to become Guyana’s preferred integrated solutions provider of engineering, maintenance, repair, overhaul, sub-sea and project management services. The Demerara Group is a local Guyanese conglomerate with deep industry and investment expertise, providing a differentiated set of capabilities and experiences to their multinational customers in the oil and gas sector of Guyana. For more information, please visit agtenergygroup.com.
Paul Stouffer
Vice President of Corporate Development
Universal Plant Services
+1-832-540-2468
AKRON, Ohio--(BUSINESS WIRE)--$BW #BabcockWilcox--Babcock & Wilcox Enterprises, Inc. ("B&W") (NYSE: BW) has been invited to present at Jefferies Renewable Energy Conference, which is being held virtually on May 25-27, 2021.
B&W management is scheduled to present on May 25, 2021 at 1 p.m. Eastern time, with one-on-one meetings to be held throughout the conference. To receive additional information, request an invitation or to schedule a one-on-one meeting, please email This email address is being protected from spambots. You need JavaScript enabled to view it..
About the Jefferies Renewable Conference: From The Mine To The Market
Jefferies Renewable Energy Conference is a virtual event that will offer an end-to-end look at renewables and the transition to low-carbon energy sources. The conference will focus on four verticals: renewable power generation from wind and solar; energy storage and distribution through batteries and hydrogen, as well as related enabling technologies such as fuel cells; companies involved in sourcing key raw materials, such as cobalt, lithium and rare earths; and companies active in other parts of the renewable energy value chain.
About B&W Enterprises
Headquartered in Akron, Ohio, Babcock & Wilcox Enterprises is a leader in energy and environmental products and services for power and industrial markets worldwide. Follow us on LinkedIn and learn more at www.babcock.com.
Investor Contact:
Megan Wilson
Vice President, Corporate Development & Investor Relations
Babcock & Wilcox
704.625.4944 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Media Contact:
Ryan Cornell
Public Relations
Babcock & Wilcox
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SAN DIEGO--(BUSINESS WIRE)--#ACRP--XENDEE Corporation, Converge Strategies, Barrett Energy Resources Group, and Principal Investigator RMI have launched a new Airport Microgrid Implementation Toolkit designed to expedite the transition of airports and aerospace facilities to secure on-site Microgrids and distributed energy resources (DERs). The project, which was funded by the Airport Cooperative Research Program, seeks to provide airports with a standardized framework for increasing resilience and avoiding the disruptive impacts of electrical power loss. The toolkit itself is available for free online and leads airport staff through eight guided modules that introduce Microgrid concepts and best practices.
“When one of the world’s busiest airports came to a standstill in 2017 because of a power failure we saw how airport blackouts can cause cascading impacts not just regionally but across the country. This event underscored the importance of understanding the critical functions that would be impacted by electricity disruptions,” said Meredith Pringle, Director at Converge Strategies. “This toolkit seeks to address these concerns, and offers Airport staff an actionable framework for validating how a Microgrid or distributed energy resources could strengthen the energy resilience posture of their airport.”
To access the new toolkit, airport personnel can navigate to the Airport Microgrid Implementation Toolkit website and register for free. This will grant access to download the toolkit as well as a user guide that walks personnel through all eight modules explaining definitions and Microgrid concepts as it progresses. This toolkit also systematically leads airport personnel through the information gathering process, which is meant to organically involve other departments at the airport and to make sure the future needs of the airport are considered and the right maintenance decisions are being made.
“Energy resilience and security are becoming more important with each passing year as temperatures rise and the energy grid continues to age,” said Adib Naslé, CEO of XENDEE. “This toolkit was designed to help make the distributed energy transition process possible for airport facility owner/operators.”
With the energy goals of the airport defined as well as metrics like their critical loads, energy supply, and energy consumption, the toolkit will generate a project validation report. This report includes current and future energy needs, equipment already onsite, and suggestions for how much capacity will be required to meet the facilities’ security and sustainability goals. With this information, projects can easily be submitted to contractors for bids, or airports can engage with the project team directly and utilize their Microgrid design, optimization, training and consulting services directly through the US Government’s GSA catalog.
As more facilities complete the Airport Microgrid Implementation Toolkit, the project team will be updating and adapting their framework based on feedback and real world results. This will allow the framework to remain responsive as it addresses the ever evolving operational needs of modern aerospace facilities.
“The toolkit was developed and enhanced by our workshops and research at the Ithaca-Tompkins and Massport’s Hanscom Airports. However as more facilities move through the process and provide feedback we can add more data points and continue to refine the toolkit to address new technologies and emerging challenges,” said Dr. Michael Stadler, CTO of XENDEE.
A report on this toolkit, as well as its ability to address vulnerabilities in the existing electrical system, has also been published by the Transportation Research Board and is available here.
About XENDEE: XENDEE develops world-class Microgrid decision support software that helps designers and investors optimize and certify the resilience and financial performance of projects with confidence. The XENDEE Microgrid platform enables a broad audience; from business decision makers to scientists, with the objective of supporting investments in Microgrids and maintaining electric power reliability when integrating sources of renewable generation.
About Converge Strategies, LLC: Converge Strategies, LLC is a consulting company focused on the intersection of clean energy, resilience, and national security. We build partnerships with the military, civilians, and all levels of government to accelerate resilience and security in the clean energy transformation. For more information, visit www.convergestrategies.com.
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LOS ANGELES--(BUSINESS WIRE)--Kilroy Realty Corporation (NYSE: KRC) today announced that its new 160,000 square foot San Diego office development, 9455 Towne Centre Drive, has earned LEED Platinum certification under the Core & Shell rating system created by the US Green Building Council. The project exhibits forward-thinking, environmentally-focused design with sustainable elements incorporated into all aspects of the building. It is fully leased to a Fortune 50 publicly-traded technology company and was completed and added to the company’s stabilized portfolio in January 2021. 9455 Towne Centre Drive is located in the vibrant University Towne Centre technology and life science hub of San Diego, with connectivity to a wide range of fine and casual dining, fitness studios, and high-end shopping amenities.
KRC has a successful track record of sustainability achievements. GRESB, widely recognized as the most rigorous standard for measuring the sustainability performance of real estate companies and funds, named KRC the global leader on sustainability in both the office and office development sectors in 2020.
“9455 Towne Centre’s energy goals were the most advanced in KRC’s history,” says Jake Brehm, Vice President of Development at KRC. “The LEED Platinum certification shows that when we set ambitious environmental goals and focus on sustainability throughout the entire development process, we achieve tremendous success with our projects.”
The project’s environmentally-focused design elements include:
The project was designed by Flad Architects. McParlane created the mechanical, electrical and plumbing design. Swinerton oversaw the construction of the project, and Stok executed the commissioning.
About Kilroy Realty Corporation. Kilroy Realty Corporation (NYSE: KRC, the “company”, “KRC”) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies.
KRC is a publicly traded real estate investment trust (“REIT”) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects.
KRC’s stabilized portfolio totals approximately 14.0 million square feet of primarily office and life science space. The company also has 1,000 residential units currently in Hollywood and San Diego. In addition, as of March 31, 2021, KRC had five in-process development projects with an estimated total investment of $1.5 billion, totaling approximately 1.8 million square feet of office and life science space. The office and life science space was 88% leased.
A Leader in Sustainability and Commitment to Corporate Social Responsibility
KRC is listed on the Dow Jones Sustainability World Index and has been recognized by industry organizations around the world. KRC’s stabilized portfolio was 67% LEED certified, 41% Fitwel certified, the highest of any non-government organization, and 71% of eligible properties were ENERGY STAR certified as of March 31, 2021.
The company has been recognized by GRESB, the Global Real Estate Sustainability Benchmark, as the listed sustainability leader in the Americas for six of the last seven years. Other honors have included the National Association of Real Estate Investment Trust’s (NAREIT) Leader in the Light award for six consecutive years and ENERGY STAR Partner of the Year for eight years as well as ENERGY STAR’s highest honor of Sustained Excellence, for the past six years.
A big part of the company’s foundation is its commitment to enhancing employee growth, satisfaction and wellness while maintaining a diverse and thriving culture. For the second year in a row, the company has been named to Bloomberg’s Gender Equality Index—recognizing companies committed to supporting gender equality through policy development, representation, and transparency.
More information is available at http://www.kilroyrealty.com.
Forward-Looking Statements. This press release contains forward-looking statements 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. Forward-looking statements are based on our current expectations, beliefs and assumptions, and are not guarantees of future performance. Forward-looking statements are inherently subject to uncertainties, risks, changes in circumstances, trends and factors that are difficult to predict, many of which are outside of our control. Accordingly, actual performance, results and events may vary materially from those indicated or implied in the forward-looking statements, and you should not rely on the forward-looking statements as predictions of future performance, results or events. Numerous factors could cause actual future performance, results and events to differ materially from those indicated in the forward-looking statements, including, among others: global market and general economic conditions and their effect on our liquidity and financial conditions and those of our tenants; adverse economic or real estate conditions generally, and specifically, in the States of California and Washington; risks associated with our investment in real estate assets, which are illiquid, and with trends in the real estate industry; defaults on or non-renewal of leases by tenants; any significant downturn in tenants’ businesses; our ability to re-lease property at or above current market rates; costs to comply with government regulations, including environmental remediation; the availability of cash for distribution and debt service and exposure to risk of default under debt obligations; increases in interest rates and our ability to manage interest rate exposure; the availability of financing on attractive terms or at all, which may adversely impact our future interest expense and our ability to pursue development, redevelopment and acquisition opportunities and refinance existing debt; a decline in real estate asset valuations, which may limit our ability to dispose of assets at attractive prices or obtain or maintain debt financing, and which may result in write-offs or impairment charges; significant competition, which may decrease the occupancy and rental rates of properties; potential losses that may not be covered by insurance; the ability to successfully complete acquisitions and dispositions on announced terms; the ability to successfully operate acquired, developed and redeveloped properties; the ability to successfully complete development and redevelopment projects on schedule and within budgeted amounts; delays or refusals in obtaining all necessary zoning, land use and other required entitlements, governmental permits and authorizations for our development and redevelopment properties; increases in anticipated capital expenditures, tenant improvement and/or leasing costs; defaults on leases for land on which some of our properties are located; adverse changes to, or enactment or implementations of, tax laws or other applicable laws, regulations or legislation, as well as business and consumer reactions to such changes; risks associated with joint venture investments, including our lack of sole decision-making authority, our reliance on co-venturers’ financial condition and disputes between us and our co-venturers; environmental uncertainties and risks related to natural disasters; our ability to maintain our status as a REIT; and uncertainties regarding the impact of the COVID-19 pandemic, and restrictions intended to prevent its spread, on our business and the economy generally. These factors are not exhaustive and additional factors could adversely affect our business and financial performance. For a discussion of additional factors that could materially adversely affect our business and financial performance, see the factors included under the caption “Risk Factors” in our annual report on Form 10-K for the year ended December 31, 2020 and our other filings with the Securities and Exchange Commission. All forward-looking statements are based on currently available information and speak only as of the dates on which they are made. We assume no obligation to update any forward-looking statement made in this press release that becomes untrue because of subsequent events, new information or otherwise, except to the extent we are required to do so in connection with our ongoing requirements under federal securities laws.
Sara Neff
Senior Vice President, Sustainability
310-481-8449
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DUBLIN--(BUSINESS WIRE)--The "Engine Oil Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The Global Engine Oil market was valued at around 22,000 Kilotons in 2020 and the market is projected to register a CAGR of greater than 2% during the forecast period (2021-2026).
Companies Mentioned
Key Market Trends
Automotive and Other Transportation Segment Dominated the Market
Asia-Pacific Region to Dominate the Market
Key Topics Covered:
1 INTRODUCTION
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Adoption of High-performance Lubricants
4.1.2 Other Drivers
4.2 Restraints
4.2.1 Extended Drain Intervals
4.2.2 Modest Impact of Electric Vehicles (EVs) in the Future
4.2.3 Impact of COVID-19 Pandemic
4.3 Industry Value-Chain Analysis
4.4 Porter's Five Forces Analysis
5 MARKET SEGMENTATION
5.1 End-user Industry
5.2 Geography
5.2.1 Asia-Pacific
5.2.2 North America
5.2.3 Europe
5.2.4 South America
5.2.5 Middle-East and Africa
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Colaborations and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Numerous Upcoming Construction Projects in North America and Asia-Pacific
For more information about this report visit https://www.researchandmarkets.com/r/v0y5nk
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Company to Report Q1 2021 Results on May 20, 2021
BOSTON--(BUSINESS WIRE)--Advent Technologies Holdings, Inc. (NASDAQ: ADN) (“Advent”), an innovation-driven company in the fuel cell and hydrogen technology space, today announced that it will release its financial results for the first quarter ended March 31, 2021 on Thursday, May 20, 2021 and will host a conference call the same day, Thursday, May 20, 2021, at 9:00 AM ET to discuss its results.
To access the call please dial (866) 498-0631 from the United States, or (873) 415-0202 from outside the U.S. The conference call I.D. number is 2763459. Participants should dial in 5 to 10 minutes before the scheduled time.
A replay of the call can also be accessed via phone through June 3, 2021 by dialing (800) 585-8367 from the U.S., or (416) 621-4642 from outside the U.S. The conference I.D. number is 2763459.
About Advent Technologies Holdings, Inc.
Advent Technologies Holdings, Inc. is a U.S. corporation that develops, manufactures, and assembles critical components for fuel cells and advanced energy systems in the renewable energy sector. Advent is headquartered in Boston, Massachusetts, with offices in the San Francisco Bay Area and Europe. With 120-plus patents (issued and pending) for its fuel cell technology, Advent holds the IP for next-gen high-temperature proton exchange membranes (HT-PEM) that enable various fuels to function at high temperatures under extreme conditions – offering a flexible ‘Any Fuel. Anywhere’ option for the automotive, maritime, aviation and power generation sectors. www.advent.energy
Advent Technologies Holdings, Inc.
Elisabeth Maragoula
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Sloane & Company
Joe Germani / James Goldfarb
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