Business Wire News

MIAMI--(BUSINESS WIRE)--World Fuel Services Corporation (NYSE:INT) announced today that its board of directors has declared a quarterly cash dividend of $0.10 per share payable on October 9, 2020 to shareholders of record on September 25, 2020.


About World Fuel Services Corporation

Headquartered in Miami, Florida, World Fuel Services is a global energy management company involved in providing energy procurement advisory services, supply fulfillment and transaction and payment management solutions to commercial and industrial customers, principally in the aviation, marine and land transportation industries. World Fuel Services sells fuel and delivers services to its clients at more than 8,000 locations in more than 200 countries and territories worldwide.

For more information, call 305-428-8000 or visit www.wfscorp.com.


Contacts

Ira M. Birns,
Executive Vice President &
Chief Financial Officer

Glenn Klevitz,
Vice President & Treasurer
305-428-8000

DUBLIN--(BUSINESS WIRE)--The "Food Grade Industrial Gas Market Report: Trends, Forecast, and Competitive Analysis" report has been added to ResearchAndMarkets.com's offering.


The future of the food-grade industrial gas market looks promising with opportunities in the food and beverage industries. The global food grade industrial gas market is expected to grow with a CAGR of 7% from 2019 to 2024.

The major growth drivers for this market are increasing demand for conveniently packaged foods, carbonated beverages, the growing importance of preservative-free food, and increasing application in packaging and storage of frozen products, fruits, vegetables, beverages, meat, seafood, convenience foods, bakery and confectioneries.

Some of the features of 'Global Food Grade Industrial Gas Market 2019-2024: Trends, Forecast, and Opportunity Analysis' include

  • Market size estimates: Global food grade industrial gas market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by segments and region.
  • Segmentation analysis: Global food grade industrial gas market size by gas type, application, end use, and region.
  • Regional analysis: Global food grade industrial gas market breakdown by North America, Europe, Asia Pacific, and the Rest of the World
  • Growth opportunities: Analysis on growth opportunities in different applications and regions for food grade industrial gases in the global food grade industrial gas market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape for food grade industrial gases in the global food grade industrial gas market.
  • Analysis of competitive intensity of the industry based on Porter's Five Forces model.

This report answers the following 11 key questions:

  • Q.1 What are some of the most promising potential, high-growth opportunities for the global food grade industrial gas market by gas type (carbon dioxide, nitrogen, and oxygen), application (freezing & chilling, packaging, and carbonation), end use (confectionery, frozen products, beverages, meat, and fish), and region (North America, Europe, Asia-Pacific, Row)?
  • Q.2 Which segments will grow at a faster pace and why?
  • Q.3 Which regions will grow at a faster pace and why?
  • Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the food grade industrial gas market?
  • Q.5 What are the business risks and threats to the food grade industrial gas market?
  • Q.6 What are the emerging trends in this food grade industrial gas market and the reasons behind them?
  • Q.7 What are some changing demands of customers in the food grade industrial gas market?
  • Q.8 What are the new developments in the food grade industrial gas market? Which companies are leading these developments?
  • Q.9 Who are the major players in this food grade industrial gas market? What strategic initiatives are being implemented by key players for business growth?
  • Q.10 What are some of the competitive products and processes in this food grade industrial gas area and how big of a threat do they pose for loss of market share via material or product substitution?
  • Q.11 What M & A activities have taken place in the last 5 years in this, food grade industrial gas market?

Scope of the Report

By Gas Type [$M shipment analysis for 2013-2024]:

  • Carbon dioxide
  • Nitrogen
  • Oxygen
  • Other (Hydrogen and argon)

By Application [$M shipment analysis for 2013-2024]:

  • Freezing and Chilling
  • Packaging
  • Carbonation
  • Other (Blanketing, Purging, Sparging, and Hydrogenation)

By End Use [$M shipment analysis for 2013-2024]:

  • Confectionery
  • Frozen Products
  • Beverages
  • Meat, Fish and Seafood
  • Other (Oil, Sauces, Dressings and Condiments)

By Region [$M shipment analysis for 2013-2024]:

  • North America
  • United States
  • Canada
  • Mexico
  • Europe
  • United Kingdom
  • Germany
  • France
  • Italy
  • Spain
  • Asia-Pacific
  • China
  • Japan
  • India
  • Rest of the World
  • Brazil

Companies Profiled

  • Air Liquide
  • Air Products & Chemicals
  • The Linde
  • Praxair
  • Airgas
  • Matheson
  • Messer
  • SOL-SPA
  • Emirates
  • Gulf

For more information about this report visit https://www.researchandmarkets.com/r/bxguro


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
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LEAWOOD, KS--(BUSINESS WIRE)--TortoiseEcofin today announced upcoming additions to its indices as part of its regular quarterly rebalancing for the third quarter of 2020. Following the close of trading on September 18, 2020, the indices will be rebalanced and as a result, the following changes will become effective.


Ecofin Global Water ESG Index SM
(EGWESG/EGWESGT)

Action

Company

Ticker

Addition

Lindsay Corp

LNN

Addition

Tetra Tech Inc

TTEK

Addition

Montrose Environmental Group Inc

MEG

The full constituent list can be viewed at https://tortoiseadvisors.com/media/1260/egwesg-constituent-overview-61920.pdf

Ecofin Global Digital Payments Infrastructure IndexSM
(TPMT/TPAYMENT)

Action

Company

Ticker

Addition

BigCommerce Holdings Inc

BIGC

The full constituent list can be viewed at https://tortoiseadvisors.com/media/1539/tpmt-constituent-overview-61920.pdf

There were no third quarter rebalancing updates to report for the Tortoise MLP Index® (TMLP) and the Tortoise North American Pipeline IndexSM (TNAP).

The full constituent list for TMLP can be viewed at https://tortoiseadvisors.com/media/1528/tmlp-constituent-overview-61920.pdf

The full constituent list for TNAP can be viewed at https://tortoiseadvisors.com/media/1530/tnap-constituent-overview-61920.pdf

About TortoiseEcofin

TortoiseEcofin focuses on essential assets – those assets and services that are indispensable to the economy and society. We strive to make a positive impact on clients and communities by investing in energy infrastructure and the transition to cleaner energy and by providing capital for social impact projects focused on education and senior housing. TortoiseEcofin brings together strong legacies from Tortoise, with expertise investing across the energy value chain for more than 20 years, and from Ecofin, which unites ecology and finance and has roots back to the early 1990s. To learn more, please visit www.tortoiseadvisors.com.

The Tortoise MLP Index® is a float-adjusted, capitalization weighted index of energy master limited partnerships (MLPs). The index is comprised of publicly traded companies organized in the form of limited partnerships or limited liability companies engaged in transportation, production, processing and/or storage of energy commodities.

The Tortoise North American Pipeline IndexSM is a float-adjusted, capitalization weighted index of pipeline companies that are organized and have their principal place of business in the United States or Canada. A pipeline company is defined as a company that either 1) has been assigned a standard industrial classification (“SIC”) system code that indicates the company operates in the energy pipeline industry or 2) has at least 50% of its assets, cash flow or revenue associated with the operation or ownership of energy pipelines. Pipeline companies engage in the business of transporting natural gas, crude oil and refined products, storing, gathering and processing such gas, oil and products and local gas distribution. The index includes pipeline companies structured as corporations, limited liability companies and master limited partnerships (MLPs).

The Ecofin Global Water ESG Total Return IndexSM is a proprietary, rules-based, modified capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in the water infrastructure or water management industries.

The indices mentioned above are the exclusive property of TIS Advisors, which has contracted with S&P Opco, LLC (a subsidiary of S&P Dow Jones Indices LLC) to calculate and maintain the Tortoise MLP Index®, Tortoise North American Pipeline IndexSM, and Ecofin Global Water ESG IndexSM (the “Indices”). The Indices are not sponsored by S&P Dow Jones Indices or its affiliates or its third party licensors (collectively, “S&P Dow Jones Indices”). S&P Dow Jones Indices will not be liable for any errors or omissions in calculating the Indices. “Calculated by S&P Dow Jones Indices” and its related stylized mark(s) are service marks of S&P Dow Jones Indices and have been licensed for use by TIS Advisors and its affiliates. S&P® is a registered trademark of Standard & Poor’s Financial Services LLC (“SPFS”), and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”).

The Ecofin Global Digital Payments Infrastructure IndexSM represents the existing global digital payments landscape. It is a proprietary, rules-based, modified market capitalization-weighted, float-adjusted index comprised of companies that are materially engaged in digital payments, including merchant processing and settlement, real time record keeping, settlement networks, and Fintech products/ services that facilitate the ease, efficiency, and speed of electronic transactions. This includes companies whose primary business is comprised of one or a combination of the following categories: credit card networks, electronic transaction processing and associated products/services, credit card issuers, electronic transaction processing software (payments Fintech) or online financial services market places.

This index mentioned above is the exclusive property of TIS Advisors and is calculated by Solactive AG (“Solactive”). The financial instruments that are based on the Index are not sponsored, endorsed, promoted or sold by Solactive AG (“Solactive”) in any way and Solactive makes no express or implied representation, guarantee or assurance with regard to: (a) the advisability in investing in the financial instruments; (b) the quality, accuracy and/or the completeness of the Index or the calculations thereof; and/or (c) the results obtained or to be obtained by any person or entity from the use of the Index.

This data is provided for informational purposes only and is not intended for trading purposes. This document shall not constitute an offering of any security, product or service. The addition, removal or inclusion of a security in the index is not a recommendation to buy, sell or hold that security, nor is it investment advice. The information contained in this document is current as of the publication date. TortoiseEcofin makes no representations with respect to the accuracy or completeness of these materials and will not accept responsibility for damages, direct or indirect, resulting from an error or omission in this document. The methodology involves rebalancing and maintenance of the index that is made periodically during each year and may not, therefore, reflect real time information.

Safe Harbor Statement

This press release shall not constitute an offer to sell or a solicitation to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer or solicitation or sale would be unlawful prior to registration or qualification under the laws of such state or jurisdiction.


Contacts

Maggie Zastrow at (913) 981-1020 or This email address is being protected from spambots. You need JavaScript enabled to view it.

  • The joint venture, which currently includes ten projects for around 30 MW of capacity, is dedicated to operating and developing battery storage projects in Ontario, Canada
  • Ardian Infrastructure holds 80% of the partnership, while Enel X holds the remaining 20% and will continue to manage the operations and maintenance of all projects as well as the development of future projects

ROME--(BUSINESS WIRE)--Enel X, the Enel Group’s advanced energy services business line, and Ardian, a world-leading private investment house, have entered into a joint venture to manage Enel X’s battery storage projects in Canada and support the acceleration of the development of similar projects in the country.


Battery storage systems represent a key element in the transition towards a decarbonized energy system as they facilitate the flexibility and stability of grids, and we are committed to empowering customers to help drive the shift towards these technologies,” said Francesco Venturini, CEO of Enel X. “This partnership with Ardian Infrastructure represents an important step that will further support the expansion of innovative energy efficiency solutions in the North American market. In partnering with Ardian we are combining our financial strength and Enel X’s industry expertise to create even more value for our customers and further accelerate our growth in the region.”

This investment bolsters Ardian’s position as a leading player in the sustainable energy sector across the Americas,” said Stefano Mion, Senior Managing Director and co-head of Ardian Infrastructure US. “This latest partnership, our first in Canada, marks an important step forward as we diversify our sustainable energy portfolio into the rapidly growing battery storage sector. Behind-the-meter battery storage is a compelling component of the sustainable energy ecosystem as it allows users to store electricity when it is least expensive and consume it when costs from the grid are most expensive. We are excited to partner with Enel X on the opportunity to accelerate the joint venture’s growth, initially in Canada but longer term across the Americas.

Under the agreement, a dedicated vehicle company, 80% owned by Ardian Infrastructure and 20% by Enel X, has been constituted to manage the battery storage projects in Canada currently included in the joint venture for around 30 MW of capacity. The battery storage portfolio is composed of ten asset locations throughout Ontario and includes two separate 10 MW/20 MWh projects expected to reach commercial operations in 2021. Through the partnership, Enel X will continue to construct, operate, and maintain these projects and will be responsible for the development of future projects.

The partnership with Ardian is in line with Enel X’s commitment to foster the deployment of cutting-edge energy service solutions for commercial and industrial (C&I) clients, leveraging on the company’s offering of integrated services to end customers. All of Enel X’s storage projects utilize the company’s Distributed Energy Resources (DER) Optimization software that has the unique capability to maximize the earnings potential across multiple use cases, such as demand and energy management programs. Through the financial support of Ardian, the platform will enable C&I customers to deploy state-of-the-art energy storage equipment, aimed at making power consumption and infrastructure more efficient.

The deal is part of Ardian’s ongoing commitment to invest in new technology and clean energy assets with the aim to create a more sustainable energy market and address climate change, as outlined in its most recent Augmented Infrastructure report. With 50 employees across eight offices throughout the Americas and Europe, the Ardian Infrastructure team is a world leading Infrastructure Fund Manager focused on the energy and transportation sectors.

Enel X in North America manages over 10.5 billion US dollars in customers’ annual energy spend for approximately 4,500 business customers, spanning more than 35,000 sites. The company has approximately 4.7 GW of demand response capacity and over 70 behind-the-meter storage projects in operation or under contract. Enel X’s intelligent DER Optimization Software is designed to analyze real-time energy and utility bill data, improve performance, and manage distributed energy assets across a number of different value streams and applications.

Enel X is Enel's global business line dedicated to the development of innovative products and digital solutions in sectors where energy is showing the greatest potential for transformation: cities, homes, industries and electric mobility. The company is a global leader in the advanced energy services field with a demand management capacity of more than 6 GW globally managed and assigned and 110 MW of storage capacity worldwide, as well as a leading operator in the electric mobility sector, with 80,000 public and private EV charging points around the globe.

Ardian is a world-leading private investment house with assets of 100 billion US dollars managed or advised in Europe, the Americas and Asia. The company is majority-owned by its employees. It keeps entrepreneurship at its heart and focuses on delivering excellent investment performance to its global investor base. Through its commitment to shared outcomes for all stakeholders, Ardian’s activities fuel individual, corporate and economic growth around the world.

Holding close its core values of excellence, loyalty and entrepreneurship, Ardian maintains a truly global network, with more than 690 employees working from fifteen offices across Europe (Frankfurt, Jersey, London, Luxembourg, Madrid, Milan, Paris and Zurich), the Americas (New York, San Francisco and Santiago) and Asia (Beijing, Singapore, Tokyo and Seoul). It manages funds on behalf of around 1,000 clients through five pillars of investment expertise: Fund of Funds, Direct Funds, Infrastructure, Real Estate and Private Debt.
www.ardian.com


Contacts

Enel X
Media Relations
+39 06 8305 5699
This email address is being protected from spambots. You need JavaScript enabled to view it.
enelx.com

Ardian US Media Contact
Ardian US
The Neibart Group
Charlie Mathon
This email address is being protected from spambots. You need JavaScript enabled to view it.
Mobile: +1 508 614 0667

LONDON--(BUSINESS WIRE)--#GlobalSidetrackingMarket--Technavio has been monitoring the sidetracking market and it is poised to grow by USD 2 bn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions:

  • What are the major trends in the market?
    Adoption of automation in oilfield operations is a major trend driving the growth of the market.
  • At what rate is the market projected to grow?
    The year-over-year growth for 2020 is estimated at 5.56% and the incremental growth of the market is anticipated to be $ 2 bn.
  • Who are the top players in the market?
    Baker Hughes Co., Equinor ASA, Eurasia Drilling Co. Ltd., Halliburton Energy Services, Inc., Nabors Industries Ltd., National Oilwell Varco Inc., Odfjell Drilling Ltd., Schlumberger Ltd., Weatherford International Plc, and Yantai Jereh Oilfield Services Group Co. Ltd., are some of the major market participants.
  • What are the key market drivers and challenges?
    The production optimization of mature oil and gas fields is one of the major factors driving the market.
  • How big is the Europe market?
    The Europe region will contribute 37% of the market share.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Baker Hughes Co., Equinor ASA, Eurasia Drilling Co. Ltd., Halliburton Energy Services, Inc., Nabors Industries Ltd., National Oilwell Varco Inc., Odfjell Drilling Ltd., Schlumberger Ltd., Weatherford International Plc, and Yantai Jereh Oilfield Services Group Co. Ltd. are some of the major market participants. The production optimization of mature oil and gas fields will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Sidetracking Market 2020-2024: Segmentation

Sidetracking Market is segmented as below:

  • Application
    • Onshore
    • Offshore
  • Geographic Landscape
    • APAC
    • Europe
    • MEA
    • North America
    • South America

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41404

Sidetracking Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The sidetracking market report covers the following areas:

  • Sidetracking Market Size
  • Sidetracking Market Trends
  • Sidetracking Market Industry Analysis

This study identifies the adoption of automation in oilfield operations as one of the prime reasons driving the sidetracking market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Sidetracking Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist sidetracking market growth during the next five years
  • Estimation of the sidetracking market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the sidetracking market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of sidetracking market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application placement
  • Onshore - Market size and forecast 2019-2024
  • Offshore - Market size and forecast 2019-2024
  • Market opportunity by Application

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Baker Hughes Co.
  • Equinor ASA
  • Eurasia Drilling Co. Ltd.
  • Halliburton Energy Services, Inc.
  • Nabors Industries Ltd.
  • National Oilwell Varco Inc.
  • Odfjell Drilling Ltd.
  • Schlumberger Ltd.
  • Weatherford International Plc
  • Yantai Jereh Oilfield Services Group Co. Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

TORONTO--(BUSINESS WIRE)--September 2020 Cash Dividend - $0.06 per share


Superior Plus Corp. (“Superior”) (TSX:SPB) today announced its cash dividend for the month of September 2020 of $0.06 per share payable on October 15, 2020. The record date is September 30, 2020 and the ex-dividend date will be September 29, 2020. Superior’s annualized cash dividend rate is currently $0.72 per share. This dividend is an eligible dividend for Canadian income tax purposes.

About the Corporation

Superior consists of two primary operating businesses: Energy Distribution includes the distribution of propane and distillates, and Specialty Chemicals includes the production and distribution of specialty chemicals products.

For further information about Superior, please visit our website at: www.superiorplus.com or contact: Beth Summers, Executive Vice President and Chief Financial Officer, Tel: (416) 340-6015, or Rob Dorran, Vice President, Investor Relations and Treasurer, Tel: (416) 340-6003, E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it., Toll Free: 1-866-490-PLUS (7587).

Forward Looking Information

This news release contains certain forward-looking information and statements that are based on Superior’s current expectations, estimates, projections and assumptions in light of its experience and its perception of historical trends. In this news release, such forward-looking information and statements can be identified by terminology such as “will”, expects, annualized, and similar expressions.

In particular, this news release contains forward-looking statements and information relating to: future dividends which may be declared on Superior’s common shares, the dividend payment, the tax treatment thereof, and the receipt of cash dividends. These forward-looking statements are being made by Superior based on certain assumptions that Superior has made in respect thereof as at the date of this news release, regarding, among other things: the success of Superior’s operations; prevailing commodity prices, margins, volumes and exchange rates; that Superior’s future results of operations will be consistent with past performance and management expectations in relation thereto; the continued availability of capital at attractive prices to fund future capital requirements; future operating costs; that any required commercial agreements can be reached; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner. These forward-looking statements are not guarantees of future performance and are subject to a number of known and unknown risks and uncertainties, including, but not limited to: the regulatory environment and decisions; non-performance of agreements in accordance with their terms; the impact of competitive entities and pricing; reliance on key industry partners and agreements; actions by governmental or regulatory authorities including changes in tax laws and treatment, or increased environmental regulation; adverse general economic and market conditions in Canada, North America and elsewhere; fluctuations in operating results; labour and material shortages; and certain other risks detailed from time to time in Superior’s public disclosure documents including, among other things, those detailed under the heading "Risk Factors" in Superior’s management's discussion and analysis and annual information form for the year ended December 31, 2019, which can be found at www.sedar.com.

Accordingly, readers are cautioned that events or circumstances could cause results to differ materially from those predicted, forecasted or projected. Such forward-looking statements are expressly qualified by the above statements. Superior does not undertake any obligation to publicly update or revise any forward looking statements or information contained herein, except as required by applicable laws.


Contacts

Beth Summers
Executive Vice President and Chief Financial Officer
Tel: (416) 340-6015

Rob Dorran
Vice President, Investor Relations and Treasurer
Tel: (416) 340-6003
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Toll Free: 1-866-490-PLUS (7587)

LONDON--(BUSINESS WIRE)--#DemandResponseDRMarket--Technavio has been monitoring the demand response (DR) market and it is poised to grow by USD 5.91 bn during 2020-2024, progressing at a CAGR of over 17% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • What are the major trends in the market?
  • Rising popularity of clean energy technologies is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 17%, the incremental growth of the market is anticipated to be USD 5.91 billion.
  • Who are the top players in the market?
  • ABB Ltd., Cisco Systems Inc., Enel Spa, Honeywell International Inc., Itron Inc., LS Power Development LLC, Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. are some of the major market participants.
  • What are the key market drivers and challenges?
  • Gap between electricity supply and demand is one of the major factors driving the market. However, the growing threat of hacking restraints the market growth.
  • How big is the North America market?
  • The North America region will contribute 53% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ABB Ltd., Cisco Systems Inc., Enel Spa, Honeywell International Inc., Itron Inc., LS Power Development LLC, Oracle Corp., Schneider Electric SE, Siemens AG, and Toshiba Corp. are some of the major market participants. the gap between electricity supply and demand will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Demand Response (DR) Market 2020-2024: Segmentation

Demand Response (DR) Market is segmented as below:

  • Product
    • Hardware
    • Software
    • Service
  • Geography
    • North America
    • Europe
    • APAC
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR41453

Demand Response (DR) Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The demand response (DR) market report covers the following areas:

  • Demand Response (DR) Market Size
  • Demand Response (DR) Market Trends
  • Demand Response (DR) Market Analysis

This study identifies the rising popularity of clean energy technologies as one of the prime reasons driving the demand response (DR) market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

Register for a free trial today and gain instant access to 17,000+ market research reports. Technavio's SUBSCRIPTION platform

Demand Response (DR) Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist demand response (DR) market growth during the next five years
  • Estimation of the demand response (DR) market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the demand response (DR) market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of demand response (DR) market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Product

  • Market segments
  • Comparison by Product
  • Hardware and software - Market size and forecast 2019-2024
  • Service - Market size and forecast 2019-2024
  • Market opportunity by Product

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Industrial - Market size and forecast 2019-2024
  • Residential - Market size and forecast 2019-2024
  • Commercial - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • APAC - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Volume driver- Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Cisco Systems Inc.
  • Enel Spa
  • Honeywell International Inc.
  • Itron Inc.
  • LS Power Development LLC
  • Oracle Corp.
  • Schneider Electric SE
  • Siemens AG
  • Toshiba Corp.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

     

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


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AUSTIN, Texas--(BUSINESS WIRE)--$PHUN #PHUN--Phunware, Inc. (NASDAQ: PHUN) (the “Company”), a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, announced today that it has won a multiyear contract to deploy its comprehensive Smart Workplace mobile app portfolio with Norfolk Southern Corporation (or “Norfolk Southern”).

Norfolk Southern, together with its subsidiaries, is a leading national rail transportation provider, operating approximately 19,500 route miles in 22 states and the District of Columbia, and serves every major container port in the Eastern United States. It also transports overseas freight through various Atlantic and Gulf Coast ports and provides commuter passenger services as well. Norfolk Southern is a major transporter of industrial products, including chemicals, agriculture and metals and construction materials, while also operating as a principal carrier of coal, automobiles and automotive parts.

The Phunware Smart Workplace solution will give Norfolk Southern access to all of the features and capabilities provided by Phunware’s Multiscreen-as-a-Service (MaaS) platform on both Apple iOS and Google Android for its corporate campus environment. Norfolk Southern’s Smart Workplace will come pre-integrated with Phunware’s award-winning MaaS software, including Location Based Services (LBS), Mobile Engagement, Analytics and Content Management, for up to 750,000 square feet. Norfolk Southern will tech-enable its corporate campus experience to better engage its more than 25,000 employees with features that include room booking, parking reservations, food ordering, help requests and more.

“This kind of 7-figure engagement shows true commitment by Norfolk Southern to advance its digital transformation initiatives while ensuring a world-class employee and visitor experience in a post-pandemic world,” said Alan S. Knitowski, President, CEO and Co-Founder of Phunware. “We are thrilled to work with such an innovative leadership team to provide the necessary mobile software and cloud platform to reimagine their corporate campus experience in a mobile-first world, where safety, auditability and reliability are of paramount importance at operational scale.”

Click here to learn more about how Phunware facilitates a safer return to work with its Smart Workplace solution on MaaS.

Safe Harbor Clause and Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (SEC), including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

About Phunware, Inc.

Everything You Need to Succeed on Mobile — Transforming Digital Human Experience

Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & Phun) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds, visit https://www.phunware.com, https://www.phuncoin.com, https://www.phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.


Contacts

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LONDON--(BUSINESS WIRE)--#GlobalShippingContainerLinersMarket--Technavio has been monitoring the shipping container liners market and it is poised to grow by USD 174.63 million during 2020-2024, progressing at a CAGR of over 3% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.



Although the COVID-19 pandemic continues to transform the growth of various industries, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. Technavio’s in-depth research has all your needs covered as our research reports include all foreseeable market scenarios, including pre- & post-COVID-19 analysis. Download a Free Sample Report on COVID-19 Impacts

Frequently Asked Questions-

  • Based on segmentation by end-user, which is the leading segment in the market?
  • The food industry is expected to be the leading segment in the global market during the forecast period.
  • What are the major trends in the market?
  • Increased innovation in the global container liners market is one of the major trends in the market.
  • At what rate is the market projected to grow?
  • Growing at a CAGR of over 3%, the incremental growth of the market is anticipated to be USD 174.63 million.
  • Who are the top players in the market?
  • A.P. Moller - Maersk AS, Amcor Plc, Berry Global Group Inc., Bulk Handling Australia Group Pty. Ltd., Bulk-Flow, Eceplast Srl, Greif Inc., Intertape Polymer Group Inc., LC Packaging International BV, and Sinopack Industries Ltd. are some of the major market participants.
  • What are the key market drivers and challenges?
  • The increasing need for container liners is one of the major factors driving the market. However, the expected increase in raw material prices restraints the market growth.
  • How big is the APAC market?
  • The APAC region will contribute 36% of market growth.

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. A.P. Moller - Maersk AS, Amcor Plc, Berry Global Group Inc., Bulk Handling Australia Group Pty. Ltd., Bulk-Flow, Eceplast Srl, Greif Inc., Intertape Polymer Group Inc., LC Packaging International BV, and Sinopack Industries Ltd. are some of the major market participants. The increasing need for container liners will offer immense growth opportunities. To make most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.

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Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Shipping Container Liners Market 2020-2024: Segmentation

Shipping Container Liners Market is segmented as below:

  • End-user
    • Food
    • Chemicals
    • Minerals
    • Others
  • Geographic Landscape
    • APAC
    • Europe
    • North America
    • South America
    • MEA

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR43008

Shipping Container Liners Market 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The shipping container liners market report covers the following areas:

  • Shipping Container Liners Market Size
  • Shipping Container Liners Market Trends
  • Shipping Container Liners Market Analysis

This study identifies increased innovation in the global container liners market as one of the prime reasons driving the shipping container liners market growth during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavio’s in-depth research has direct and indirect COVID-19 impacted market research reports.

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Shipping Container Liners Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist shipping container liners market growth during the next five years
  • Estimation of the shipping container liners market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the shipping container liners market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of shipping container liners market vendors

Table of Contents:

Executive Summary

  • Market Overview

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Food - Market size and forecast 2019-2024
  • Chemicals - Market size and forecast 2019-2024
  • Minerals - Market size and forecast 2019-2024
  • Others - Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Overview

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography

Drivers, Challenges, and Trends

  • Market drivers
  • Volume driver - Demand led growth
  • Volume driver - Supply led growth
  • Volume driver - External factors
  • Volume driver - Demand shift in adjacent markets
  • Price driver - Inflation
  • Price driver - Shift from lower to higher-priced units
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • A.P. Moller - Maersk AS
  • Amcor Plc
  • Berry Global Group, Inc.
  • Bulk Handling Australia Group Pty. Ltd.
  • Bulk-Flow
  • Eceplast Srl
  • Greif Inc.
  • Intertape Polymer Group Inc.
  • LC Packaging International BV
  • Sinopack Industries Ltd.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations 

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

CANONSBURG, Pa.--(BUSINESS WIRE)--#ETRN--Equitrans Midstream Corporation (NYSE: ETRN) management and board of directors, today, released a statement regarding a contract dispute and the related attempt by EQT Corporation (EQT) and its financial advisor to market ETRN’s Hammerhead pipeline.


The Hammerhead gathering header pipeline, with a total capacity of 1.6 Bcf per day, was completed and injected with initial line-pack provided by EQT in July 2020 and was placed in-service effective August 1, 2020. EQT has a 1.2 Bcf per day firm capacity commitment on the Hammerhead pipeline, which provides access to the Texas Eastern Transmission and Dominion Transmission pipelines, as well as an interconnect to the Mountain Valley Pipeline.

“It has recently come to our attention that EQT has a mistaken belief that the Hammerhead pipeline is not in-service under the terms of its agreement; and, on that basis, that EQT believes it may terminate the gathering agreement and take title to the Hammerhead pipeline in exchange for a reimbursement payment. EQT, acting through its financial advisor, has attempted to market ETRN’s Hammerhead pipeline, which action constitutes unlawful conduct.

ETRN has demanded that EQT and its advisor immediately cease marketing ETRN’s pipeline. To ETRN’s knowledge they have not done so. We firmly believe, and have communicated to EQT, that EQT lacks any valid basis for its actions and that any attempt by EQT to terminate the Hammerhead gathering agreement and to acquire (or potentially sell) the Hammerhead pipeline is contrary to law. ETRN will continue to enforce its rights under the Hammerhead gathering agreement in full.

ETRN gathers the overwhelming majority of EQT’s production. Given the scope of our business relationship, ETRN and EQT periodically have disputes and disagreements and most often amicably resolve them. While we disagree with EQT’s actions, ETRN remains committed to pursuing a resolution to this dispute. ETRN’s duty, first and foremost, is to its shareholders, and ETRN will firmly pursue all available legal avenues or remedies to protect its investment in the Hammerhead pipeline.”

About Equitrans Midstream Corporation:
Equitrans Midstream Corporation (ETRN) has a premier asset footprint in the Appalachian Basin and, as the parent company of EQM Midstream Partners, is one of the largest natural gas gatherers in the United States. Through its strategically located assets in the Marcellus and Utica regions, ETRN has an operational focus on gas transmission and storage systems, gas gathering systems, and water services that support natural gas development and production across the Basin. With a rich 135-year history in the energy industry, ETRN was launched as a standalone company in 2018 with the vision to be the premier midstream services provider in North America. ETRN is helping to meet America’s growing need for clean-burning energy, while also providing a rewarding workplace and enriching the communities where its employees live and work.

For more information on Equitrans Midstream Corporation, visit www.equitransmidstream.com; and to learn more about our environmental, social, and governance practices visit Sustainability Reporting.

Cautionary Statements
This news release contains certain forward-looking statements within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended (the Exchange Act), and Section 27A of the United States Securities Act of 1933, as amended (the Securities Act), concerning ETRN and other matters. These statements may discuss goals, intentions and expectations as to future plans, trends, events, results of operations or financial condition, or otherwise, based on current beliefs of the management of ETRN, as well as assumptions made by, and information currently available to, such management. Words such as “could,” “will,” “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe,” “project,” “budget,” “potential,” “target” or “continue,” and similar expressions are used to identify forward-looking statements. These statements are subject to various risks and uncertainties, many of which are outside ETRN's control. Without limiting the generality of the foregoing, forward-looking statements contained in this news release specifically include expectations of plans, strategies, objectives and growth and anticipated financial and operational performance of ETRN and its affiliates, including guidance and any changes in such guidance regarding ETRN’s gathering, transmission and storage and water service revenue and volume growth; the impact of a dispute with EQT (or resolution thereof) regarding the Hammerhead gathering agreement and/or ownership of the Hammerhead assets (or any other agreement or ETRN assets) on ETRN’s forecasts of net income attributable to ETRN, adjusted EBITDA (including incremental adjusted EBITDA), revenue (including firm revenue), expenses, leverage ratio, free cash flow, retained free cash flow and capital expenditures, and the impacts of any such dispute (or related resolution) on ETRN’s commercial relationship with EQT; the weighted average contract life of gathering, transmission and storage contracts; any credit rating impacts associated with any potential dispute with EQT or other matters related to the Hammerhead gathering agreement, the Hammerhead system or otherwise (including any resolution of any such dispute); the effect and outcome of future litigation and other proceedings; liquidity and financing requirements, including sources and availability; and the ability of ETRN’s subsidiaries to service debt under, and comply with the covenants contained in, their respective credit agreements. These forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from projected results. Accordingly, investors should not place undue reliance on forward-looking statements as a prediction of actual results. ETRN has based these forward-looking statements on current expectations and assumptions about future events. While ETRN considers these expectations and assumptions to be reasonable, they are inherently subject to significant business, economic, competitive, regulatory and other risks and uncertainties, many of which are difficult to predict and beyond ETRN’s control. The risks and uncertainties that may affect the operations, performance and results of ETRN’s business and forward-looking statements include, but are not limited to, those set forth under Item 1A, "Risk Factors" in ETRN's Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission (the SEC), as updated by the risk factors disclosed under Part II, Item 1A, "Risk Factors," of ETRN’s Quarterly Reports on Form 10-Q for the three months ended March 31, 2020 and the three and six months ended June 30, 2020, as each is filed with the SEC, and ETRN's subsequent Quarterly Reports on Form 10-Q.

All forward-looking statements speak only as of the date they are made and are based on information available at that time. ETRN assumes no obligation to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements were made or to reflect the occurrence of unanticipated events except as required by federal securities laws. As forward-looking statements involve significant risks and uncertainties, caution should be exercised against placing undue reliance on such statements.

Source: Equitrans Midstream Corporation


Contacts

Analyst inquiries:
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Media inquiries:
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LONDON--(BUSINESS WIRE)--#ButaneMarket--The butane market is expected to grow by USD 13.22 billion during 2020-2024. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. We expect the impact to be significant in the first quarter but gradually lessen in subsequent quarters – with a limited impact on the full-year economic growth.



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LPG is a cleaner alternative to conventional fuels such as petrol and diesel as it contains comparatively simpler hydrocarbon compounds. LPG offers similar efficiency and better mileage than petrol vehicles for the same volume of fuel. Also, LPG is free from additives such as lead and has very low sulfur content. Moreover, vehicles that run on LPG have comparatively lower maintenance costs due to the cleaner burning of the fuel. Many such benefits are increasing the use of LPG as an automotive fuel, which is contributing to the growth of the global butane market.

To learn more about the global trends impacting the future of market research, download a free sample: https://www.technavio.com/talk-to-us?report=IRTNTR44057

As per Technavio, the increasing demand for LPG in APAC will have a positive impact on the market and contribute to its growth significantly over the forecast period. This research report also analyzes other significant trends and market drivers that will influence market growth over 2020-2024.

Butane Market: Increasing Demand for LPG in APAC

The rising number of petrochemical units such as propane dehydrogenation units, alkylation units, mixed dehydrogenation, steam crackers, and isomerization units has increased the use of LPG in APAC. In addition, the rising competition from the US LPG exporters is prompting exporters in the Middle East to strengthen the existing deals with major importers in the region. For instance, India has signed a contract with Iran to import LPG to meet the growing domestic demand for cooking fuel. Similarly, the growing demand from propane dehydrogenation (PDH) plants has significantly increased LPG imports in China. Therefore, the increasing import of LPG in APAC is expected to fuel the growth of the global butane market during the forecast period.

“Less stringent regulations in North America and the increasing number of strategic alliances will further boost market growth during the forecast period”, says a senior analyst at Technavio.

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Butane Market: Segmentation Analysis

This market research report segments the butane market by Application (LPG, Petrochemicals, Refineries, and Others) and Geography (APAC, MEA, North America, Europe, and South America).

The APAC region led the butane market in 2019, followed by MEA, North America, Europe, and South America respectively. During the forecast period, the APAC region is expected to register the highest incremental growth due to the increased use of LPG in the production of plastic products.

Technavio’s sample reports are free of charge and contain multiple sections of the report, such as the market size and forecast, drivers, challenges, trends, and more. Request a free sample report

Some of the key topics covered in the report include:

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • Competitive scenario

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.


Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Website: www.technavio.com/

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE:GEL) intends herewith to provide an update on its offshore operations, following Hurricane Laura, as well as disclose the receipt of some $41 million in cash that will also be accounted for as an increase in reported Adjusted EBITDA for the third quarter.


Turning first to the offshore, there is no apparent damage to our 100% owned and operated Cameron Highway Oil Pipeline System (“CHOPS”) nor any of its appurtenant facilities. As currently configured, the CHOPS pipeline goes up and over a junction platform located in Garden Banks block 72, where it can receive pigs and launch pigs for proper maintenance of two of its 30 inch diameter pipeline segments. That platform, located in 520 feet of water, recorded waves in the 70-80 foot range and sustained winds in excess of 130 mph as the eye of Laura passed some 17 miles to the southwest of its location. The platform experienced damage to its topside facilities which is usual and customary, and not significant nor unexpected, after experiencing those type of weather conditions. Below the waterline, through diving and remotely operated vehicle inspections, several areas of structural stress have been identified that will require further investigation and analysis. As a result, no oil is currently flowing through the CHOPS pipeline.

Grant Sims, CEO of Genesis Energy, said, “We are aggressively working to collect data and conduct a rigorous structural analysis for review by the Bureau of Safety and Environmental Enforcement to hopefully be able to re-occupy the platform, conduct the cleanup tasks required and return the CHOPS pipeline to normal operations. Based upon continuing data collection, observations and analysis, it would appear that CHOPS is more than likely not going to be in a position to resume operations before October 1 at the earliest.

However, we have been successful, to date, in working with shippers to divert all available and affected CHOPS barrels into our 64% owned and operated Poseidon Oil Pipeline for deliveries by it directly to shore or for Poseidon to deliver barrels into the Auger Pipeline for further transportation to shore via this alternative path. Because of the rate structures amongst the various pipelines, we expect minimal revenue impact to Genesis during this period of interrupted operations of CHOPS, other than when the volumes were shut in for the storm, and assuming the continuing conditions that there is enough available capacity on Poseidon and/or Auger to receive and transport all of the affected CHOPS volumes.

We would expect to incur total expenses associated with inspections, analyses and topside facility repairs in the range of $3-5 million, most of which will be reflected in the third quarter. Any potential costs associated with structural reinforcement or modification, either to the platform or pipeline facilities, will be treated as capital in future periods.

We are working diligently and as hard as possible to determine what it will take to return CHOPS to normal service as soon as we can, while never losing sight of our commitment to safe and responsible operations.

Shifting gears a bit, I would like to also take this opportunity to disclose that we have received approximately $41 million in cash that will be recognized as Adjusted EBITDA in the third quarter for covenant compliance purposes, all as more fully described in our senior secured credit agreement. The cash received is associated with the exercise of a letter of credit we had issued to us as beneficiary from a customer that defaulted under a twenty year term agreement entered into in 2008. The dollars collected from such contractual right will be credited to dollars owed us under the last years of the contract. Under the mechanics of said agreement, we will continue to be paid the dollars owed to us.

Having already received this cash and being able to recognize it as increased Adjusted EBITDA this quarter is a positive development for us under the circumstances. Accordingly, we see no scenarios where we have the risk of not comfortably living within all of our financial covenants as we deal with the aftermath of this hurricane season and the Covid-19 pandemic which has directly and indirectly challenged our businesses, like virtually all others, but which are clearly recovering and looking forward to better things in 2021.”

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.

This operations and commercial update includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Actual results may vary materially. All statements, other than statements of historical facts, included in this operations and commercial update that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including but not limited to statements relating to future financial and operating results, the impact of Hurricane Laura and the associated timing and costs, the COVID-19 pandemic, and our strategy and plans, are forward-looking statements, and historical performance is not necessarily indicative of future performance. Those forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside our control, that could cause results to differ materially from those expected by management. Such risks and uncertainties include, but are not limited to, weather, political, economic and market conditions, including a decline in the price and market demand for products, the outbreak or continued spread of disease, and other uncertainties that are described more fully in our Annual Report on Form 10-K for the year ended December 31, 2019 filed with the Securities and Exchange Commission and other filings, including our Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statement.


Contacts

Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521

Approaching 1GW of flexible supply Supporting the U.K.’s Energy Transition towards Net Zero

LONDON--(BUSINESS WIRE)--Quinbrook Infrastructure Partners (‘Quinbrook’), a specialist investor in lower carbon and renewable energy infrastructure, today announced further progress just two years into its ongoing investment campaign aimed at helping drive the United Kingdom’s energy transition toward net zero emissions of greenhouse gases by investing in infrastructure supporting energy security, ongoing economic recovery and job creation following COVID-19.


Over the past 24 months, Quinbrook has developed, constructed and agreed to acquire the following assets spanning flexible generation, grid support infrastructure and demand response capability:

  • Over 300MW of flexible reserve capacity either in operations or under construction across 21 sites in Scotland, England and Wales, with the ability to be dispatched on call from National Grid, the high-voltage electric power transmission network serving Great Britain
  • Commencement of construction of the first new Synchronous Condenser to be built in the U.K. under National Grid’s Pathfinder program. The condenser, to be located in Wales, is expected to provide critical support services to stabilise the grid as older baseload coal, gas and nuclear plants are retired and intermittent renewables capacity increases
  • Flexitricity, a first mover in a very small group of demand-response operators in Great Britain. Flexitricity has been an innovative market participant for over 10 years addressing customer demand management as decarbonization accelerates, creating real cost savings for energy consumers whilst also enhancing grid support during periods of system stress and higher power prices. The Flexitricity virtual power plant consists of an aggregated 540MW of distributed flexible energy from a wide range of different assets owned by customers across Great Britain
  • A diversified portfolio of distributed renewable gas projects located at 30 sites in Scotland, England and Wales, many of which are intended to be converted to solar and battery storage. Once converted, these project sites are expected to deliver measurable benefits to local communities and distributed power networks, further improving grid stability and reliability

Quinbrook plans to commit significant capital to the U.K. energy sector over the coming years, using its experience from prior investments in the U.S. and Australia spanning utility and distributed scale solar and battery storage, Virtual Power Plants and Community Energy Networks to develop and construct innovative and impactful infrastructure designed to aid the U.K. economic recovery.

Quinbrook’s UK investments to date are consistent with the U.K. Government’s policies to create a smarter, more resilient and flexible power system in the U.K. that enables the Net Zero transition to progress and achieve the significant carbon emissions reductions required from the energy sector. Last year, the U.K. government became the first major economy in the world to pass laws aimed at ending its contribution to global warming by 2050. This target requires the U.K. to bring all greenhouse gas emissions to Net Zero by 2050, compared with the previous target of at least 80% reduction from 1990 levels.

This commitment is projected to increase the country’s number of “green collar jobs” to approximately 2 million and boost the value of exports from the low carbon economy to £170 billion a year by 2030.

The U.K. is undergoing a real and fundamental transformation of its energy system and we want to be at the forefront of where the U.K. industry is heading, not where it’s been,” said Rory Quinlan, co-founder and managing partner of Quinbrook. “By supporting the U.K. grid in managing the challenges presented by massive scale-up in intermittent wind and solar, we can deliver high-impact investments that enable even more renewables capacity to be built and carbon emissions abated. This is the only way the U.K.’s success to-date in decarbonizing its power sector can continue at the rapid pace needed.”

These are sustainable investments in the purest sense, creating and preserving jobs in local communities across the U.K., reducing carbon emissions, helping the U.K. grid manage more zero emissions renewables without risk of blackouts and stimulating U.K. manufacturing. We are creating real and measurable ESG impact with the deployment of our investors’ capital and measurably supporting key United Nations Sustainable Development Goals, across climate action, creating sustainable cities and communities, affordable clean energy, innovative infrastructure, job creation and economic growth,” said Quinlan.

About Quinbrook

Quinbrook Infrastructure Partners (www.quinbrook.com) is a specialist investment manager focused exclusively on lower carbon and renewable energy infrastructure investment and operational asset management in the U.S., U.K. and Australia. Quinbrook is led and managed by a senior team of power industry professionals who have collectively invested over U.S.$8 billion of equity in energy infrastructure assets since the early 1990's, representing a total enterprise value of U.S.$28.7 billion or 19.5 GW of power supply capacity. Quinbrook's investment and asset management team has offices in Houston, London, Jersey, and the Gold Coast of Australia. Quinbrook's global investment and portfolio company teams are actively developing and constructing a portfolio exceeding 6GW of onshore wind, solar PV, reserve peaking power, battery storage projects, grid support infrastructure, Virtual Power Plants and Community Energy Networks across the U.S., U.K. and Australia.


Contacts

Media
Amanda Coyle
Sloane & Company
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
P: 212-446-1867

 

BELLEVUE, Wash.--(BUSINESS WIRE)--PACCAR (Nasdaq: PCAR) Inc’s Board of Directors today declared a regular quarterly cash dividend of thirty-two cents ($.32) per share, payable on December 1, 2020, to stockholders of record at the close of business on November 10, 2020.

PACCAR is a global technology leader in the design, manufacture and customer support of high-quality light-, medium- and heavy-duty trucks under the Kenworth, Peterbilt and DAF nameplates. PACCAR also designs and manufactures advanced powertrains, provides financial services and information technology, and distributes truck parts related to its principal business. PACCAR shares are listed on the NASDAQ Global Select market, symbol PCAR. Its homepage is www.paccar.com.


Contacts

Ken Hastings
(425) 468-7530
This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Carbon Black (BC): 2020 World Market Outlook and Forecast up to 2029 (with COVID-19 Impact Estimation)" report has been added to ResearchAndMarkets.com's offering.


The report is an essential resource for a one looking for detailed information on the world carbon black market. The report covers data on global, regional and national markets including present and future trends for supply and demand, prices, and downstream industries.

In addition to the analytical part, the report provides a range of tables and figures which all together give a true insight into the national, regional and global markets for carbon black.

Report Scope

  • The report covers global, regional and country markets of carbon black
  • It describes present situation, historical background and forecast
  • Comprehensive data showing carbon black capacities, production, consumption, trade statistics, and prices in the recent years are provided (globally, regionally and by country)
  • The report indicates a wealth of information on carbon black manufacturers and distributors
  • Region market overview covers the following: production of carbon black in a region/country, consumption trends, price data, trade in the recent year and manufacturers
  • Carbonblack market forecast for next ten years, including market volumes and prices is also provided

COVID-19 IMPACT ESTIMATION

  • As uncertainty in overall global economy is further increasing as a result of continuing COVID-19 pandemic, each report forecasts are being revised
  • The market situation is constantly being monitored, the latest developments are being tracked and consequently the most recent data are to be provided in the report
  • Three possible scenarios of market development: optimistic, pessimistic and middling

Key Topics Covered:

1. INTRODUCTION: CARBON BLACK PROPERTIES AND USES

2. CARBON BLACK MANUFACTURING PROCESSES

3. CARBON BLACK WORLD MARKET

3.1. World carbon black capacity

  • Capacity broken down by region
  • Capacity divided by country
  • Manufacturers and their capacity by plant

3.2. World carbon black production

  • Global output dynamics
  • Production by region
  • Production by country

3.3. Carbon black consumption

  • World consumption
  • Consumption trends in Europe
  • Consumption trends in Asia Pacific
  • Consumption trends in North America

3.4. Carbon black global trade

  • World trade dynamics
  • Export and import flows in regions

3.5. Carbon black prices in the world market

4. CARBON BLACK REGIONAL MARKETS ANALYSIS

Each country section comprises the following parts:

  • Total installed capacity in country
  • Production in country
  • Manufacturers in country
  • Consumption of in country
  • Export and import in country
  • Prices in country

4.1. Carbon black European market analysis

Countries covered:

  • Croatia
  • Czech Republic
  • France
  • Germany
  • Hungary
  • Italy
  • Netherlands
  • Poland
  • Portugal
  • Russia
  • Spain
  • Sweden

4.2. Carbon black Asia Pacific market analysis

Countries included:

  • China
  • India
  • Indonesia
  • Singapore
  • South Korea
  • Taiwan
  • Thailand

4.3. Carbon black North American market analysis

Countries under consideration:

  • Canada
  • USA

4.4. Carbon black Latin American market analysis

Countries included:

  • Argentina
  • Brazil
  • Mexico
  • Venezuela

4.5. Carbon black Middle East market analysis

Countries examined:

  • Egypt
  • Iran
  • Turkey

5. CARBON BLACK MARKET PROSPECTS

5.1. Carbon black capacity and production forecast up to 2029

  • Global production forecast
  • On-going projects

5.2. Carbon black consumption forecast up to 2029

  • World consumption forecast
  • Forecast of consumption in Europe
  • Consumption forecast in Asia Pacific
  • Consumption forecast in North America

5.3. Carbon black market prices forecast up to 2029

6. KEY COMPANIES IN THE CARBON BLACK MARKET WORLDWIDE

7. CARBON BLACK END-USE SECTOR

7.1. Consumption by application

7.2. Downstream markets review and forecast

For more information about this report visit https://www.researchandmarkets.com/r/g9jkk5


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

SAN RAMON, Calif.--(BUSINESS WIRE)--Chevron Corporation today announced a contribution of $250,000 from the Chevron Global Community Fund to the American Red Cross to support relief efforts for wildfires in California.

“Our thoughts are with those impacted by the overwhelming effects of this situation and the people on the front lines battling to contain and extinguish the fires,” said Dale Walsh, vice president of corporate affairs for Chevron. “This donation reflects our ongoing commitment to help people in the communities where we do business during challenging times.”

Chevron has operated in California for more than 140 years. The company will also match any qualifying donations to wildfire relief efforts made by employees and retirees. The company has also previously committed $2 million to the California Fire Foundation (CFF) for a four-year program to support CFF’s direct victim assistance program, Supplying Aid to Victims of Emergency (SAVE).

Chevron (NYSE: CVX) is one of the world’s leading integrated energy companies. Through its subsidiaries that conduct business worldwide, the company 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, Calif. More information about Chevron is available at www.chevron.com.


Contacts

Sean Comey, +1-925-842-5509

HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) today announced that it intends to offer, subject to market and other conditions, $1.0 billion aggregate principal amount of Senior Secured Notes due 2028 (the “Cheniere Notes”).


Cheniere intends to use the proceeds from its inaugural offering to prepay a portion of the outstanding indebtedness of Cheniere under the 3-year $2.695 billion delayed draw term loan credit facility Cheniere entered into in June 2020 and subsequently partially repaid and reduced to $2.595 billion, and to pay related fees, expenses and other amounts owing in connection therewith.

The offer of the Cheniere Notes has not been registered under the Securities Act of 1933, as amended (the "Securities Act") and the Cheniere Notes may not be offered or sold in the United States absent registration under the Securities Act or an applicable exemption from the registration requirements of the Securities Act. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale of these securities would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Forward-Looking Statements

This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding expectations regarding regulatory authorizations and approvals, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, (vii) statements relating to the amount and timing of share repurchases, and (viii) statements regarding the outbreak of COVID-19 and its impact on Cheniere’s business and operating results. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.


Contacts

Cheniere Energy, Inc.
Investors
Randy Bhatia 713-375-5479
Megan Light 713-375-5492

Or

Media Relations
Eben Burnham-Snyder 713-375-5764
Jenna Palfrey 713-375-5491

DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS) (the “Offeror”), a leading provider of flow control products and services for the global infrastructure markets, announced an offer to purchase for cash (such offer, the “Offer”) any and all of its outstanding 1.250% Senior Notes due March 17, 2022 (the “Notes”) from the holders of the Notes (each, a “Noteholder” and, collectively, the “Noteholders”). On the terms and subject to the conditions set out in the Tender Offer Memorandum dated September 14, 2020 (as it may be supplemented or amended from time to time) (the “Tender Offer Memorandum”), including the accompanying notice of guaranteed delivery (the “Notice of Guaranteed Delivery”), including the satisfaction (or waiver) of the New Issue Condition (as described herein), the Offeror launched an invitation to the Noteholders (subject to the “Offer and Distributions Restrictions” in the Tender Offer Memorandum) to tender their Notes for purchase at the Purchase Price. Capitalized terms used in this announcement but not defined herein have the meanings given to them in the Tender Offer Memorandum.


Copies of the Tender Offer Memorandum and the Notice of Guaranteed Delivery are available for Noteholders at the following Internet address: http://www.lucid-is.com/flowserve.

The Offer will expire at 5:00 p.m. (New York time) on September 21, 2020 (the “Expiration Deadline”) unless extended, re-opened, withdrawn or terminated at the sole discretion of the Offeror.

Description of Notes

ISIN

Aggregate Principal Amount Outstanding

Purchase Price(1)

Amount Subject to the Offer

 

 

 

 

 

1.250% Senior Notes due 2022

(the “Notes”)

XS1196536731

€500,000,000

€1,000

Any and all

_________

  1. Represents the purchase price per €1,000 principal amount of the Notes (such consideration, the “Purchase Price”).

New Issue Condition

In addition, the Offeror announced on September 14, 2020, its intention to issue new U.S. dollar-denominated fixed rate notes (the “New Notes”). The purchase of any Notes by the Offeror pursuant to the Offer is subject to the successful completion of the offering of the New Notes, on terms and conditions satisfactory to the Offeror, in its sole discretion, including, but not limited to, the amount of gross proceeds received by the Offeror upon the issuance of the New Notes being sufficient to fund the purchase of the aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Expiration Deadline (the “New Issue Condition”) or the waiver of such New Issue Condition at the sole discretion of the Offeror.

Rationale for the Offer

The purpose of the Offer, in conjunction with the proposed issuance of the New Notes, is to proactively manage the Offeror’s overall debt profile and to extend the debt maturity profile of the Offeror (subject to satisfaction of the New Issue Condition).

Details of the Offer

Subject to the Minimum Denomination in respect of the Notes, the price payable per €1,000 in principal amount of the Notes accepted for purchase will be €1,000 (the “Purchase Price”). In respect of any Notes accepted for purchase, the Offeror will also pay an amount equal to any accrued and unpaid interest on the relevant Notes from, and including, the interest payment date for the Notes immediately preceding the Settlement Date up to, but excluding, the Settlement Date, which is expected to be September 23, 2020 (the “Settlement Date”).

Notes repurchased will be cancelled. Notes that have not been validly tendered at or before the Expiration Deadline and accepted for purchase pursuant to the Offer will remain outstanding after the Settlement Date.

Indicative Timetable for the Offer

Date

Action

September 14, 2020

Commencement of the Offer

Offer announced. Tender Offer Memorandum available from the Tender and Information Agent.

 

September 21, 2020

5:00 p.m.

(New York time)

Expiration Deadline/Withdrawal Deadline

Deadline for receipt by the Tender and Information Agent of all Tender Instructions in order for Noteholders to be able to participate in the Offer and to be eligible to receive the Purchase Price and Accrued Interest Payment on the Settlement Date, and for Notes to be validly withdrawn by Noteholders, unless a later deadline is required by applicable law (as determined by the Offeror in its reasonable discretion).

 

As soon as reasonably
practicable on
September 22, 2020

Announcement of Result of Offer

The Offeror will announce (i) whether the New Issue Condition has been satisfied and (ii) its decision whether to accept valid tenders of Notes for purchase pursuant to the Offer (subject to the satisfaction or waiver at the sole discretion of the Offeror of the New Issue Condition if not already satisfied), including, if applicable, the Settlement Date for the Offer, and the results of the Offer in accordance with the methods set out in the Tender Offer Memorandum under the heading “Terms and Conditions of the Offer—Announcements”.

 

September 23, 2020

5:00 p.m. (New York Time)

Deadline for Delivery of Notes Tendered pursuant to the Guaranteed Delivery Procedures

If any Noteholder desires to tender their Notes and such Note certificates are not immediately available, such Noteholder must tender their Notes according to the Guaranteed Delivery Procedures described in the Tender Offer Memorandum under the heading “Procedures for Participating in the Offer” (which requires, among other things, the delivery of a properly completed and duly executed Notice of Guaranteed Delivery to the Tender and Information Agent before the Expiration Deadline) and deliver their Notes by 5:00 p.m. (New York Time) on September 23, 2020.

 

September 23, 2020

Expected Settlement Date

Subject to the satisfaction or waiver (at the sole discretion of the Offeror) of the New Issue Condition, the expected Settlement Date for the Offer. Payment of the Purchase Price and Accrued Interest Payment in respect of the Offer.

 

September 24, 2020

Expected Guaranteed Delivery Settlement Date

Subject to the satisfaction or waiver (at the sole discretion of the Offeror) of the New Issue Condition, the expected settlement of the Offer for Notes tendered pursuant to the Guaranteed Delivery Procedures described in the Tender Offer Memorandum under the heading "Procedures for Participating in the OfferSummary of Action to be Taken—Procedures for Tender of Notes using Notice of Guaranteed Delivery”.

 

Unless stated otherwise, announcements in connection with the Offer will be made by the delivery of notices to the Clearing Systems for communication to Direct Participants. Announcements may also be made by the issue of a press release to one or more Notifying News Service(s). Copies of all announcements, notices and press releases can also be obtained from the Tender and Information Agent. Significant delays may be experienced where notices are delivered to the Clearing Systems and Noteholders are urged to contact the Tender and Information Agent for the relevant announcements during the course of the Offer.

Tender Instructions

The Offer of Notes for repurchase by the Offeror pursuant to the Offer may only be made by the submission of a valid Tender Instruction. The Offeror is not under any obligation to accept for purchase any Notes tendered pursuant to the Offer. The acceptance for purchase by the Offeror of Notes tendered pursuant to the Offer is at the sole and absolute discretion of the Offeror and tenders may be rejected by the Offeror for any reason. The Offeror reserves the right, in its sole and absolute discretion, to extend, re-open, withdraw or terminate the Offer and to amend or waive any of the terms and conditions of the Offer at any time following the announcement of the Offer. Details of any such extension, re-opening, withdrawal, termination, amendment or waiver will be notified to the Noteholders as soon as possible after such decision.

To tender Notes for purchase pursuant to the Offer, a holder of Notes should deliver, or arrange to have delivered on its behalf, via the relevant Clearing System and in accordance with the requirements of such Clearing System, a valid Tender Instruction that is received in each case by the Tender and Information Agent by the Expiration Deadline.

Tender Instructions must be submitted in respect of a principal amount of Notes of no less than the Minimum Denomination, being €100,000 and may be submitted in integral multiples of €1,000 thereafter.

Noteholders are advised to check with any bank, securities broker or other Intermediary through which they hold Notes when such Intermediary would require to receive instructions from a Noteholder in order for that Noteholder to be able to participate in, or withdraw their instruction to participate in, the Offer before the deadlines specified above. The deadlines set by any such Intermediary and each Clearing System for the submission and withdrawal of Tender Instructions will be earlier than the relevant deadlines specified above.

Noteholders are advised to read carefully the Tender Offer Memorandum for full details of and information on the procedures for participating in the Offer.

BofA Securities, Inc. is acting as sole dealer manager (“Dealer Manager”) for the Offer and Lucid Issuer Services Limited is acting as tender and information agent (“Tender and Information Agent”).

Questions and requests for assistance in connection with the Offer may be directed to the Dealer Manager at +44 207 996 5420, +1 (888) 292-0070 (U.S. toll-free), +1 (980) 387-3907 (U.S. collect) or This email address is being protected from spambots. You need JavaScript enabled to view it..

Questions and requests for assistance in connection with the delivery of Tender Instructions may be directed to the Tender and Information Agent at +44 20 7704 0880 or This email address is being protected from spambots. You need JavaScript enabled to view it..

Copies of the Tender Offer Memorandum and the Notice of Guaranteed Delivery are available for Noteholders at the following Internet address: http://www.lucid-is.com/flowserve.

DISCLAIMER:

This announcement does not contain or constitute an offer, or the solicitation of an offer, to buy, sell or subscribe for the Notes, the New Notes or other securities in the United States or any other jurisdiction. This announcement must be read in conjunction with the Tender Offer Memorandum. This announcement and the Tender Offer Memorandum contain important information which should be read carefully before any decision is made with respect to the Offer. If you are in any doubt as to the contents of this announcement, the Offer, the Tender Offer Memorandum or the action you should take, you are recommended to seek your own financial and legal advice, including tax advice relating to the tax consequences, immediately from your broker, bank manager, solicitor, accountant or other independent financial or legal advisor. Any individual or company whose Notes are held on its behalf by a broker, dealer, bank, custodian, trust company or other nominee or intermediary must contact such entity if it wishes to participate in the Offer.

None of the Offeror, the Dealer Manager, the Tender and Information Agent or the trustee under the indenture governing the Notes (the “Trustee”), or any of their respective directors, officers, employees, agents or affiliates, makes any representation or recommendation whatsoever regarding this announcement, the Tender Offer Memorandum, the Offer or any recommendation as to whether Noteholders should tender Notes in the Offer or otherwise participate in the Offer or subscribe for the New Notes.

None of the Offeror, the Dealer Manager, the Tender and Information Agent, the Trustee, or any of their respective directors, officers, employees, agents or affiliates, assumes any responsibility for the accuracy or completeness of the information concerning the Offeror, the Notes, the Offer or the New Notes contained in this announcement or in the Tender Offer Memorandum. None of the Dealer Manager, the Tender and Information Agent, the Trustee, or any of their respective directors, officers, employees, agents or affiliates is acting for any Noteholder, or will be responsible to any Noteholder for providing any protections which would be afforded to its clients or for providing advice in relation to the Offer, and accordingly none of the Dealer Manager, the Tender and Information Agent, the Trustee or any of their respective directors, officers, employees, agents or affiliates) assumes any responsibility for any failure by the Offeror to disclose information with regard to the Offeror or the Notes which is material in the context of the Offer and which is not otherwise publicly available.

OFFER AND DISTRIBUTION RESTRICTIONS

Neither this announcement nor the Tender Offer Memorandum constitutes an invitation to participate in the Offer in any jurisdiction in which, or to any person to or from whom, it is unlawful to make such invitation or for there to be such participation under applicable securities laws. The distribution of this announcement and the Tender Offer Memorandum in certain jurisdictions may be restricted by law. Persons into whose possession this announcement or the Tender Offer Memorandum comes are required by each of the Offeror, the Dealer Manager and the Tender and Information Agent to inform themselves about and to observe any such restrictions.

About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s website at www.flowserve.com.

Forward Looking Statements: This announcement includes forward-looking statements. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.

The forward-looking statements included in this announcement are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: statements related to the expected timing, final terms and completion of the Offer and similar statements concerning anticipated future events and expectations that historical facts.

All forward-looking statements included in this announcement are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.


Contacts

Media Contact:
Lars Rosene, Vice President, Corporate Communications & Public Affairs, (972) 443-6644

LONDON--(BUSINESS WIRE)--#GlobalUnderwaterExplorationRobotsMarket--The global underwater exploration robots market size is expected to grow by USD 2.54 billion as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 13%. Request Free Sample Report on COVID-19 Impacts



Read the 120-page report with TOC on "Underwater Exploration Robots Market Analysis Report by Product (AUV and ROV) and Geography (North America, Europe, APAC, MEA, and South America), and the Segment Forecasts, 2020-2024".

https://www.technavio.com/report/underwater-exploration-robots-market-industry-analysis

The market is driven by the increasing offshore E&P programs. In addition, the emergence of swarm intelligence is anticipated to boost the growth of the Underwater Exploration Robots Market.

The increasing need to explore petroleum-based energy sources by the oil and gas industry has propelled the demand for technologies suitable for hostile offshore and subsea environments. The demand for underwater exploration robots for such environments is high, as they are hard to reach and require advanced hardware and software to operate. Moreover, E&P activities involve various serious challenges related to health, safety, and environment (HSE), which further boosts the demand for underwater exploration robots. The past few years have seen an overhaul in the upstream business of companies in the industry. As the industry recovers, more stakeholders in the oil and gas industry will invest in search, recovery, and production of crude oil and natural gas through the drilling of exploratory wells. Thus, the increasing offshore E&P programs will drive the growth of the market.

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Major Five Underwater Exploration Robots Companies:

ATLAS ELEKTRONIK GmbH

ATLAS ELEKTRONIK GmbH is a developer and integrator of autonomous underwater vehicles. It offers solutions such as surface vessel systems, mine warfare systems, anti-submarine systems, naval weapons, etc. The company offers various underwater exploration robots under the brand names SeaFox, SeaCat, and SeaOtter.

DOF Subsea Group

DOF Subsea Group has business operations under two segments: Subsea/IMR Projects and Long-term Chartering. The company offers a wide range of underwater exploration robots such as EdgeDVR and The UHD-III.

Forum Energy Technologies Inc.

Forum Energy Technologies Inc. operates its business through three segments: drilling and downhole, completions, and productions. The company offers various underwater exploration robots such as Work class ROVs and Sub-Atlantic brand ROVs used for sub sea- oil and gas applications.

General Dynamics Mission Systems Inc.

General Dynamics Mission Systems Inc. has business operations under various segments such as LAND, SEA, AIR, SPACE, and CYBER. The company offers various underwater exploration robots such as Bluefin Robotics unmanned underwater vehicles. Also, the company offers wide range of modular, free-flooded UUV platforms and products, including more than 70 different sensors on more than 100 vehicles.

Kongsberg Gruppen ASA

Kongsberg Gruppen ASA operates its business through segments such as Kongsberg Maritime and Kongsberg Defence & Aerospace. The company offers various autonomous underwater vehicles robots such as HUGIN, MUNIN, REMUS, and Seaglider.

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Underwater Exploration Robots Market Product Outlook (Revenue, USD bn, 2020-2024)

  • AUV - size and forecast 2019-2024
  • ROV - size and forecast 2019-2024

Underwater Exploration Robots Market Regional Outlook (Revenue, USD bn, 2020-2024)

  • North America - size and forecast 2019-2024
  • Europe - size and forecast 2019-2024
  • APAC - size and forecast 2019-2024
  • MEA - size and forecast 2019-2024
  • South America - size and forecast 2019-2024

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DUBLIN--(BUSINESS WIRE)--The "Global EV Charging Adapter Market 2020-2024" report has been added to ResearchAndMarkets.com's offering.


The global EV charging adapter market is poised to grow by $4,928.40 million during 2020-2024 progressing at a CAGR of 39% during the forecast period.

This report on the EV charging adapter market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment.

The market is driven by the increased investments in developing charging infrastructure by governments and OEMs, growing sales of PEVs in China, Japan, the US, and other countries, and rising demand for rapid charging units to combat range issues.

The EV charging adapter market analysis includes types of charger segment and geographical landscapes. This study identifies the focus on reducing charging time as one of the prime reasons driving the EV charging adapter market growth during the next few years. Also, diversity in the dc fast charger adapter standards, and increasing investment in EV charging stations powered by renewable sources will lead to sizable demand in the market.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters.

Companies Mentioned

  • ABB Ltd.
  • AddEnergie Technologies Inc.
  • AeroVironment Inc.
  • Aptiv PLC
  • ChargePoint Inc.
  • Eaton Corporation PLC
  • EFACEC Power Solutions SGPS SA
  • Leviton Manufacturing Co. Inc.
  • Robert Bosch GmbH
  • Webasto SE

The report covers the following areas:

  • EV charging adapter market sizing
  • EV charging adapter market forecast
  • EV charging adapter market industry analysis

Key Topics Covered:

1. Executive Summary

  • Market Overview

2. Market Landscape

  • Market ecosystem
  • Value chain analysis

3. Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019-2024

4. Five Forces Analysis

  • Five forces summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

5. Market Segmentation by Type of charger

  • Market segments
  • Comparison by Type of charger
  • AC - Market size and forecast 2019-2024
  • DC - Market size and forecast 2019-2024
  • Market opportunity by Type of charger

6. Customer Landscape

7. Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • APAC - Market size and forecast 2019-2024
  • Europe - Market size and forecast 2019-2024
  • North America - Market size and forecast 2019-2024
  • South America - Market size and forecast 2019-2024
  • MEA - Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

8. Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive scenario
  • Vendor Analysis
  • Vendors covered
  • Market positioning of vendors
  • ABB Ltd.
  • Addnergie Technologies Inc.
  • AeroVironment Inc.
  • Aptiv Plc
  • ChargePoint Inc.
  • Eaton Corporation Plc
  • EFACEC Power Solutions SGPS SA
  • Leviton Manufacturing Co. Inc.
  • Robert Bosch GmbH
  • Webasto SE

9. Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

For more information about this report visit https://www.researchandmarkets.com/r/3yuj0i


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