Business Wire News

Food Union entities transition to make ice cream powered by the sun

RIGA, Latvia--(BUSINESS WIRE)--Food Union, the international ice cream and dairy production and distribution group, has announced its investments in renewable energy to power ice cream and dairy operations in the Baltics and Norway.


“The integral importance of ESG within Food Union resulted in our investments in renewable energy resources in two of our leading entities within the group: Premia and Isbjørn Is. As one of the leading ice-cream and dairy producers in the Baltic region with a growing global presence, we constantly monitor and review pathways to limit our environmental impact and seek out alternative renewable energy sources to balance our energy needs as we continue to grow,” says Normunds Staņēvičs, CEO of Food Union, Europe.

Premia, a Food Union company and Estonia’s oldest and largest ice cream producer, has transitioned to 100% renewable energy resources, like solar, to power its operations. Premia's journey toward greener production had many stages, including the installment of automated LED lights and the introduction of Fusebox virtual power plant solution that reduces electricity consumption.

We are thrilled to announce our investments in renewable energy sources and plan to continue bringing our customers the best ice cream possible. Premia is the largest ice cream producer in Estonia, and we understand that we must do everything we can to minimize the environmental impact of our production and operations,” said Aivar Aus, Chairman of the Management Board of Premia.

Premia produces around 5,000 tons of ice cream annually and operates 9 production lines. Its commitment to 100% renewable energy coupled with its power saving solutions will reduce its factory and freezer warehouse CO2 emissions by more than 95% annually or 2,800 tons.

Solar energy has long been the fastest-growing power alternative for energy-intensive businesses. Premia’s investment in renewables is only one component of Food Union’s integrated approach to sustainability.

Isbjørn Is, a Food Union company based in Norway, has also committed to using renewable energy in its operations. In 2019 Isbjørn Is invested in 360 solar panels, constructed on its warehouse facility roof. This investment generates 68,904 kWh annually — the equivalent to offsetting approximately 48.2 tons of CO2 emissions.

At Isbjørn Is, we aim to grow our business locally while reducing the environmental impact of our operations. Utilizing renewable energy sources is a key ingredient in reducing our carbon footprint now and as we expand in the future,” adds Morten Kolseth, CEO of Isbjørn Is.

ABOUT FOOD UNION

Food Union is the leading ice cream producer in the Baltics and Denmark, and the group holds a strong market position in Norway, Romania, Russia and Belarus. Food Union Group is backed by Hong Kong-based investment company Meridian Capital Limited, and one of Asia’s largest private capital firms, PAG.


Contacts

Linda Mežgaile
Food Union Head of PR
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T:+37129772050

LUXEMBOURG--(BUSINESS WIRE)--FREYR Battery (NYSE: FREY, or “FREYR”), a developer of clean, next-generation battery cell production capacity, has reached a final investment decision (“FID”) by the FREYR Board of Directors to proceed with the construction of the Customer Qualification Plant (“CQP”) and first battery cell production line in Mo i Rana, Norway.

The FID comes after completing the tender processes and allows for the award of contracts for key production equipment supply. Preparatory work on the facility is already ongoing with a targeted start of initial operations in the second half of 2022. The CQP production line is based on 24M Technologies Inc.’s (“24M”) SemiSolid lithium-ion battery technology and is designed with flexibility and capacity to meet anticipated demand for samples from targeted customer segments over time.

The CQP enables implementation of the 24M technology, testing of materials and battery cells and the supply of samples to potential customers across all targeted market segments. It will further support product optimisation and meeting specific customer requirements in the conditional offtake agreements that FREYR plans to negotiate, and is thus strategically important in securing final offtake agreements for the planned development of up to 35 GWh of cost competitive and clean battery cell production capacity by 2025 in Mo i Rana. FREYR is also targeting 8 GWh capacity in operations by 2025 via joint ventures in Norway and/or the Nordic region.

“The qualification plant will become the first lithium-ion battery cell manufacturing facility at industrial scale in Norway, supporting the core tenets of our strategy of speed, scale and sustainability,” said Tom Jensen, the CEO of FREYR. “The rapid development of initial production capacity supports ongoing customer dialogues as it will validate and improve technology, materials and cell designs as we prepare for commercial production at our planned Gigafactories. The plant will also provide us with an arena for training and development to ensure high-quality operations for the entire battery cell factory portfolio,” said Einar Kilde, EVP Projects in FREYR. The customer qualification plant is the first of a total of five factories that the Company is planning to build within the area of Mo Industrial Park.

FREYR has an ambition to accelerate the decarbonisation of transportation and energy systems, and utilize Norway’s inherent advantages, including access to renewable energy, low electricity prices, Norway’s highly skilled workforce and the closeness to rapidly growing markets in Europe and the US. On July 9, FREYR completed a business combination with Alussa Energy Acquisition Corp. raising equity funding for FREYR’s battery cell manufacturing development strategy.

About FREYR Battery

FREYR plans to develop up to 35 GWh of battery cell production capacity in Norway and an additional 8 GWh via joint ventures in Norway and/or the Nordic region by 2025 to position the company as one of Europe’s largest battery cell suppliers. The facilities will be located in the Mo i Rana industrial complex in Northern Norway, leveraging Norway’s highly skilled workforce and abundant, low-cost renewable energy sources from hydro and wind in a crisp, clear and energized environment. FREYR will supply safe, high energy density and cost competitive clean battery cells to the rapidly growing global markets for electric vehicles, energy storage, and marine applications. FREYR is committed to supporting cluster-based R&D initiatives and the development of an international ecosystem of scientific, commercial, and financial stakeholders to support the expansion of the battery value chain in our region. For more information, please visit www.freyrbattery.com.

Forward-looking Statements

The information in this press release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of present or historical fact included in this press release, including, without limitation, regarding the development, timeline, capacity and other usefulness of FREYR’s CQP and planned Gigafactories, the development and commercialization of 24M SemiSolid technology, FREYR’s manufacturing capacity relative to other market participants, and the development of customer and supplier relationships are forward-looking statements.

These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside FREYR’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to the following: (i) FREYR faces significant barriers in its attempts to scale and commercialize the SemiSolid lithium-ion battery platform cell technology and related manufacturing processes, which may not be successful, (ii) FREYR may encounter substantial delays in the development, manufacture, regulatory approval, and launch of FREYR’s battery cells and building out of the CQP or other planned plants, which could prevent FREYR from commercializing products on a timely basis, if at all, (iii) FREYR’s licensing strategy relies heavily on 24M’s process and technology, and any disagreements with 24M may impede FREYR’s ability to maximize the benefits of its licensing strategy, (iv) FREYR may not be able to engage target customers successfully and convert such contacts into meaningful orders in the future, (v) FREYR may not be able to establish supply relationships for necessary components and materials which could prevent or delay the introduction of FREYR’s product and negatively impact its business, and (vi) substantial increases in the prices for FREYR’s raw materials and components, some of which are obtained in volatile markets where demand may exceed supply, could materially and adversely affect FREYR’s results of operations, financial conditions and negatively impact FREYR’s prospects. FREYR cautions that the foregoing list of factors is not exclusive. Additional information about factors that could materially affect FREYR is set forth under the “Risk Factors” section in documents filed by FREYR from time to time with the Securities and Exchange Commission and available on the SEC’s website at www.sec.gov.

Except as otherwise required by applicable law, FREYR disclaims any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. Should underlying assumptions prove incorrect, actual results and projections could different materially from those expressed in any forward-looking statements.

Source: FREYR Battery


Contacts

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Department of Energy selects global engineering leader to participate in R&D project aimed at capturing a ground-breaking 100,000 tons of CO2 per year


OVERLAND PARK, Kan.--(BUSINESS WIRE)--The U.S. Department of Energy (DOE) has awarded Black & Veatch $2.5 million in federal funding to participate in a research and development (R&D) project aimed at advancing direct air capture (DAC) technology. The global engineering leader will develop an initial engineering design of a DAC system that aims to capture 100,000 tons of carbon dioxide (CO2) emissions from the atmosphere per year – currently, no existing DAC system has this level of capacity.

DAC technology can extract CO2 directly from the atmosphere, but current carbon removal operations are costly and energy intensive. The DOE will award a total of $12 million to fund six R&D projects aimed at improving this clean energy technology by increasing the amount of CO2 captured by DAC, decreasing the cost of materials and improving design and operational efficiency to help drive deployment. Advancing DAC technologies will be an important step in helping the Biden-Harris Administration reach its goal of net-zero emissions and carbon neutrality by 2050.

Three of the six projects will explore DAC operations in three distinct geographical locations, with varying climates. As part of the effort, Black & Veatch will develop an initial engineering design (Technology Readiness Level 6) for a large-scale DAC system to be placed in three locations: Odessa, Texas; Bucks, Alabama; and Goose Creek Illinois. The company will serve as the prime contractor, responsible for project management and balance of plant engineering. Black & Veatch will leverage Global Thermostat’s DAC technology, an innovative technology capable of achieving negative emission solutions.

“This DOE-funded cost-share project will enable Black & Veatch and our partners to scale Global Thermostat’s technology and ready it for global commercial adoption for CO2 sequestration and CO2 utilization such as producing carbon neutral synthetic e-fuels, and for carbon negative power generation applications,” said Jason Rowell, director of global decarbonization solutions with Black & Veatch.

Black & Veatch recently completed a technology assessment of Global Thermostat’s modular DAC units for an unnamed client, which provided the engineering leader with deep insight into the technology’s readiness, scalability, maturity plan and path to commercialization. The initial engineering design project is expected to start in the latter half of 2021 and last 18 months.

“This award is yet another steppingstone towards our intimate knowledge of the technology and its path to commercialization, while deepening our understanding of the technical and economic aspects for deployment at scale,” said Algert Prifti, CCUS technology manager with Black & Veatch. “This allows us to further expand our strategy to develop DAC technology for commercial-scale operations in North America and around the world.”

About Black & Veatch

Black & Veatch is an employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2020 exceeded US$3.0 billion. Follow us on www.bv.com and on social media.


Contacts

MELINA VISSAT | +1 303-256-4065 P | +1 617-595-8009 M | This email address is being protected from spambots. You need JavaScript enabled to view it.
24-HOUR MEDIA HOTLINE | +1 866-496-9149

DUBLIN--(BUSINESS WIRE)--The "Syngas Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.


The global syngas market exhibited strong growth during 2015-2020. Looking forward, the global syngas market is expected to grow at a CAGR of around 7% during the forecast period (2021-2026).

Syngas, or synthesis gas, is a fuel gas mixture of carbon monoxide, hydrogen, carbon dioxide and trace gases. It is produced through gasification of carbon-containing fuel such as coal when it is exposed to heat, air and water in a closed space. Since syngas has over half of the energy density of natural gas, it can be easily burnt and used as a fuel source. It is carbon-rich and is extensively used to generate Synthetic Natural Gas (SNG), oxo-chemicals, dimethyl ether, hydrogen and ammonia or methanol for industrial applications. It is also used to produce a variety of fertilizers, solvents, fuels and synthetic materials.

Growing demand for syngas from the chemical industry is one of the key factors driving the market growth. Furthermore, syngas is primarily used to produce SNG that is used in the form of Liquified Natural Gas (LNG) and Compressed Natural Gas (CNG) in rail, marine and road transportation industries. It can also be used to fuel gas engines for power supply owing to benefits such as low energy costs, increased stability and predictability. Moreover, the development of underground coal gasification (UCG) method is also creating a positive outlook for the market. It facilitates the completion of in-situ gasification process that converts coal into syngas. This is catalyzing the market growth as it reduces the need to transport the feedstock to the gasification plants, which consequently provides significant cost benefits. Additionally, growing environmental consciousness and stringent government regulations regarding the usage of clean fuels are also significantly contributing to the market growth. Syngas is crucial in reducing the waste pollution in landfills and greenhouse gases from the atmosphere.

This report provides a deep insight into the global syngas market covering all its essential aspects. This ranges from macro overview of the market to micro details of the industry performance, recent trends, key market drivers and challenges, SWOT analysis, Porter's five forces analysis, value chain analysis, etc. This report is a must-read for entrepreneurs, investors, researchers, consultants, business strategists, and all those who have any kind of stake or are planning to foray into the syngas market in any manner.

Companies Mentioned

  • Air Products and Chemicals
  • Air Liquide
  • BASF SE
  • BP PLC
  • Royal Dutch Shell
  • Siemens
  • The Linde Group
  • General Electric
  • Dakota Gasification Company
  • SynGas Technology LLC
  • TechnipFMC PLC
  • OXEA GmbH
  • Yara
  • John Wood Group
  • ECUST

Key Questions Answered in This Report:

  • How has the global syngas market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global syngas industry?
  • What are the key regional markets in the global syngas industry?
  • What is the breakup of the market based on the gasifier type?
  • What is the breakup of the market based on the feedstock?
  • What is the breakup of the market based on the technology?
  • What is the breakup of the market based on the end-use?
  • What are the various stages in the value chain of the global syngas industry?
  • What are the key driving factors and challenges in the global syngas industry?
  • What is the structure of the global syngas industry and who are the key players?
  • What is the degree of competition in the global syngas industry?

Key Topics Covered:

1 Preface

2 Scope and Methodology

3 Executive Summary

4 Introduction

4.1 Overview

4.2 Key Industry Trends

5 Global Syngas Market

5.1 Market Overview

5.2 Market Performance

5.3 Impact of COVID-19

5.4 Market Breakup by Gasifier Type

5.5 Market Breakup by Feedstock

5.6 Market Breakup by Technology

5.7 Market Breakup by End-Use

5.8 Market Breakup by Region

5.9 Market Forecast

6 Market Breakup by Gasifier Type

7 Market Breakup by Feedstock

8 Market Breakup by Technology

9 Market Breakup by End-Use

10 Market Breakup by Region

11 SWOT Analysis

12 Value Chain Analysis

13 Porters Five Forces Analysis

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players

15.3 Profiles of Key Players

For more information about this report visit https://www.researchandmarkets.com/r/c368ml


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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DALLAS--(BUSINESS WIRE)--Primoris Services Corporation (NASDAQ Global Select: PRIM) (“Primoris” or the “Company”) today announced that Carla S. Mashinski, who serves as an independent Board Member of Primoris, has been recognized as NACD Directorship Certified™ by the National Association of Corporate Directors (“NACD”).



“NACD Directorship Certification demonstrates a commitment to the highest standards of boardroom excellence,” said David L. King, Chairman of the Board for Primoris. “This is a great achievement for Ms. Mashinski and brings a higher level of engagement to her role on our Board. We all benefit from her continued success.”

Mashinski is the Chief Financial and Administrative Officer for Cameron LNG. She joined the Board of Primoris in 2019. She was recognized by Women Inc. as one of the 2019 Most Influential Corporate Board Directors, received the 2020 Breakthrough Award from Greater Houston Women’s Chamber of Commerce, and was named among the 2020 Top 50 Most Powerful Women in Oil and Gas by the National Diversity Council.

ABOUT PRIMORIS

Founded in 1960, Primoris Services Corporation is one of the leading providers of specialty contracting services operating throughout the United States and Canada. Primoris provides a wide range of specialty construction services, fabrication, maintenance, and engineering services to a diversified base of blue-chip customers. For additional information, please visit www.primoriscorp.com.


Contacts

Brook Wootton
Vice President, Investor Relations
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  • FF Intelligent App establishes FF’s Futurists co-creation and sharing platform to reform the future of mobility
  • FF Intelligent App will allow users to interact with the FF community, configure and reserve a unique FF 91, control numerous vehicle systems, and stay connected with exciting news, features and technology in the FF ecosystem
  • Faraday Future remains on track to complete its previously announced business combination with Property Solutions Acquisition Corp. (“PSAC”) on July 21, 2021, which is expected to provide approximately $1 billion in gross proceeds

LOS ANGELES--(BUSINESS WIRE)--Faraday Future (“FF” or the “Company”), a California-based global shared intelligent mobility ecosystem company, today announced the launch of its new highly-interactive FF Intelligent App. In addition to being able to reserve a FF 91 through the FF Intelligent App, users can become part of FF’s user ecosystem and not only experience the benefits and excitement of the FF community, products and technologies that FF offers, but also provide input and ideas into the products and business they interact with. The FF Intelligent App, available beginning today, is available for both iOS and Android operating systems and can be downloaded by users free of charge from the Apple App Store and Google Play Store by searching “Faraday Future” or download at: https://www.appdownload.ff.com



In addition to using the FF Intelligent App to configure and reserve an FF 91, users of the FF Intelligent App will be able to create a FFID, book exclusive test rides, and even book a tour of FF’s global HQ in Los Angeles. The FF Intelligent APP is not only an FF 91 reservation platform and social community where all Futurists connect and communicate, but also the most important platform for the value co-creation and sharing of our FF user ecosystem. Users can learn more about our products and interact with the technology that sets FF apart from others in the EV space. Along with the social community aspects where users and fans can share thoughts and ideas together, users will also have an opportunity to sign up for a unique Futurist Product Officer (FPO) program and even interact with FF executives and employees to share ideas.

For a first time ever, we are extending an exclusive invitation for you to join the FPO program. You will work directly with FF’s designers and engineers to turn your ideas and creativity into reality; enjoy a highly customized and hands-on experience with FF 91, and help shape the future of mobility.

“At FF, the principal pillar of our ‘ultimate intelligent techluxury’ experience is the co-creative relationship we share with our users,” said Dr. Carsten Breitfeld, Global CEO of FF. “The new FF Intelligent App focuses on our users who make up the core of FF’s business model – people who are passionate about FF’s mission, its transformative products, innovative technologies, and sharing platform.”

The FF Intelligent App continues the momentum of FF in driving the ultimate goal to promoting the transformation of the automotive industry through product and technological innovation, business model innovation, user ecosystem innovation and governance structure innovation. With I.A.I (Internet, Autonomous Driving, and Intelligence) as the core driving force, FF has created a smart driving platform and a third Internet living space.

The FF 91 is FF’s flagship product offering, and features an industry-leading 1,050 HP, 0-60 mph sprint in less than 2.4 seconds, zero gravity rear seats with the industry's largest reclining rear-seat angle of 60 degrees, and a revolutionary user experience designed to create a mobile, connected, and luxurious third Internet living space. FF 91 is scheduled to be delivered within twelve months after the business combination is closed.

Users can reserve an FF 91 now at: https://www.ff.com/us/reserve.

ABOUT FARADAY FUTURE

Established in May 2014, Faraday Future (FF) is a global shared intelligent mobility ecosystem company, headquartered in Los Angeles, California. FF's vision is to create a shared intelligent mobility ecosystem that empowers everyone to move, connect, breathe, and live freely. FF aims to perpetually improve the way people move by creating a forward-thinking mobility ecosystem that integrates clean energy, AI, the Internet and new usership models. With the FF 91, FF has envisioned a vehicle that redefines transportation, mobility, and connectivity, creating a true “third Internet living space,” complementing users’ home and smartphone Internet experience.

FOLLOW FARADAY FUTURE:

https://www.ff.com/

https://twitter.com/FaradayFuture

https://www.facebook.com/faradayfuture/

https://www.instagram.com/faradayfuture/

www.linkedin.com/company/faradayfuture

ABOUT PROPERTY SOLUTIONS ACQUISITION CORP.

Property Solutions Acquisition Corp. is a special purpose acquisition company formed for the purpose of effecting a merger, stock purchase or similar business combination with one or more differentiated businesses. The company is managed by Co-CEO’s Jordan Vogel and Aaron Feldman.

Property Solutions I is a $230 million SPAC formed in July 2020 and is traded on the Nasdaq under the ticker symbol “PSAC”.

IMPORTANT INFORMATION AND WHERE TO FIND IT

This press release relates to a proposed transaction between PSAC and FF. PSAC has filed with the Securities and Exchange Commission (“SEC”) a registration statement on Form S-4 that includes a proxy statement and prospectus of PSAC and a consent solicitation statement with respect to FF. The proxy statement/consent solicitation statement/prospectus has been mailed to stockholders of PSAC as of the June 21, 2021 record date established for voting on the proposed business combination. PSAC also will file other relevant documents from time to time regarding the proposed transaction with the SEC. INVESTORS AND SECURITY HOLDERS OF PSAC ARE URGED TO READ THE PROXY STATEMENT, PROSPECTUS AND OTHER RELEVANT DOCUMENTS THAT WILL BE FILED BY PSAC FROM TIME TO TIME WITH THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE PROPOSED TRANSACTION. Investors and security holders will be able to obtain free copies of the proxy statement/consent solicitation statement/prospectus and other documents containing important information about PSAC and FF once such documents are filed with the SEC, through the website maintained by the SEC at http://www.sec.gov. Copies of the documents filed with the SEC by PSAC when and if available, can also be obtained free of charge by directing a written request to Property Solutions Acquisition Corp., 654 Madison Avenue, Suite 1009, New York, New York 10065.

PARTICIPANTS IN THE SOLICITATION

PSAC and FF and their respective directors and executive officers, under SEC rules, may be deemed to be participants in the solicitation of proxies of PSAC’s stockholders in connection with the proposed transaction. Investors and security holders may obtain more detailed information regarding the names and interests in the proposed transaction of PSAC’s directors and officers in PSAC’s filings with the SEC, including PSAC’s Annual Report on Form 10-K for the period ended December 31, 2020, which was filed with the SEC on March 31, 2021. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of proxies to PSAC’s stockholders in connection with the proposed business combination is set forth in the proxy statement/consent solicitation statement/prospectus for the proposed business combination. Additional information regarding the interests of participants in the solicitation of proxies in connection with the proposed business combination is included in the proxy statement/consent solicitation statement/prospectus that PSAC has filed with the SEC.

NO OFFER OR SOLICITATION

This communication shall neither constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of securities in any jurisdiction in which the offer, solicitation or sale would be unlawful prior to the registration or qualification under the securities laws of any such jurisdiction.

FORWARD LOOKING STATEMENTS

This press release includes “forward looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this press release, the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements are not guarantees of future performance, conditions or results, and involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside PSAC’s or FF’s management’s control, that could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include: the inability to complete the transactions contemplated by the proposed business combination; the inability to recognize the anticipated benefits of the proposed business combination, which may be affected by, among other things, the amount of cash available following any redemptions by PSAC stockholders; the ability to meet the Nasdaq’s listing standards following the consummation of the transactions contemplated by the proposed business combination; costs related to the proposed business combination; FF’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; FF’s estimates of the size of the markets for its vehicles; the rate and degree of market acceptance of FF’s vehicles; the success of other competing manufacturers; the performance and security of FF’s vehicles; potential litigation involving PSAC or FF; the result of future financing efforts and general economic and market conditions impacting demand for FF’s products. Other factors include the possibility that the proposed transaction does not close, including due to the failure to receive required security holder approvals, or the failure of other closing conditions. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the registration statement on Form S-4 and proxy statement/consent solicitation statement/prospectus discussed above and other documents filed by PSAC from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and neither PSAC nor FF undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.


Contacts

For Faraday Future
Investors:
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Media:
John Schilling
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  • Second Quarter 2021 Revenue: $2.91 billion; up 36%
  • Second Quarter 2021 Operating Income: $241.5 million; up 38%
  • Second Quarter 2021 EPS: $1.61 vs. $1.14; up 41%

LOWELL, Ark.--(BUSINESS WIRE)--J.B. Hunt Transport Services, Inc., (NASDAQ: JBHT) announced second quarter 2021 net earnings of $172.2 million, or diluted earnings per share of $1.61 vs. second quarter 2020 net earnings of $121.7 million, or $1.14 per diluted share.


Total operating revenue for the current quarter was $2.91 billion, compared with $2.15 billion for the second quarter 2020, an increase of 36%. All segments contributed at least double-digit revenue growth vs. the prior year period. Integrated Capacity Solutions (ICS) and Truck (JBT) grew revenue 100% and 70% year-over-year, respectively, as both segments were able to source and secure capacity for customers in the Marketplace for J.B. Hunt 360°® in the capacity constrained freight market during the quarter. Intermodal (JBI) revenue grew 21%, driven by a 6% increase in volume and a 15% increase in revenue per load. Final Mile Services® (FMS) revenue increased 52%, as stops increased 59% year-over-year. Dedicated Contract Services® (DCS®) revenue grew 17% as fleet productivity improved 11% combined with a 5% increase in average revenue producing trucks versus the prior year period. Current quarter total operating revenue, excluding fuel surcharge revenue, increased 31% vs. the comparable quarter 2020.

Total freight transactions in the Marketplace for J.B. Hunt 360 increased to $500 million in the second quarter 2021 compared to $281 million in the prior year quarter. ICS revenue on the platform increased 73% to $396 million versus a year ago. JBI and JBT executed approximately $33 million and $71 million, respectively, of their third-party dray, independent contractor and power-only capacity costs through the platform during the quarter.

Operating income for the current quarter totaled $241.5 million versus $175.2 million for the second quarter 2020. Operating income increased from second quarter 2020 primarily from customer rate and cost recovery efforts, higher volumes, further scaling into our technology investments, higher productivity of our assets and people across our DCS, FMS and ICS segments, and a benefit of $3.2 million related to the net settlement of claims in FMS. These items were partially offset by increases in driver wage and recruiting costs, rail and truck purchase transportation expense, non-driver personnel salary, wages and incentive compensation, higher group medical expense, elevated implementation costs for new, long term DCS contracts, and a lack of network fluidity from both rail and customer activity in JBI.

Net interest expense in the current quarter decreased from second quarter 2020 due to lower interest rates compared to the same period last year. The effective income tax rate in the quarter was 25.0% and in line with the prior year quarter. We now expect our 2021 annual tax rate to be between 23.5% and 24.5%.

Segment Information:

Intermodal (JBI)

  • Second Quarter 2021 Segment Revenue: $1.29 billion; up 21%
  • Second Quarter 2021 Operating Income: $134.6 million; up 26%

JBI load volumes increased 6% over the same period in 2020. Eastern network volumes increased 9% and transcontinental volumes increased 3% from second quarter 2020. Demand for intermodal service remains robust, however, significant restrictions across the rail network were implemented throughout the quarter by rail service providers reflecting challenges within their network related to car imbalances and chassis and labor shortages. In addition, customer detention of trailing equipment was at an all-time high during the quarter further pressuring the availability of capacity and our volumes during the quarter. Despite these volume-related challenges, revenue increased 21% year-over-year, reflecting the 6% increase in volumes and a 15% increase in gross revenue per load. Excluding fuel surcharge revenue, revenue per load increased 9% year-over-year.

Operating income increased 26% from the prior year period primarily driven by the increase in volume, complemented with higher rate and cost recovery efforts. These benefits were partially offset by higher rail and third-party dray purchased transportation expense, higher costs to attract and retain drivers, and higher equipment cost. The current period ended with approximately 99,400 units of trailing capacity and 5,820 power units in the dray fleet.

Dedicated Contract Services (DCS)

  • Second Quarter 2021 Segment Revenue: $621 million; up 17%
  • Second Quarter 2021 Operating Income: $79.0 million; down 5%

DCS revenue increased 17% during the current quarter over the same period in 2020. Productivity, defined as revenue per truck per week, increased approximately 11% vs. 2020. Productivity excluding fuel surcharge revenue increased 7% from a year ago primarily from higher utilization of assets, contracted indexed-based price escalators, and less idled equipment in the quarter. A net additional 832 revenue producing trucks were in the fleet by the end of the quarter compared to the prior year, and a net additional 555 versus the end of the first quarter 2021. Customer retention rates remain above 98%.

Operating income decreased by 5% from the prior year quarter. Higher revenue and productivity were more than offset by increases in driver wage and recruiting costs, non-driver personnel salary, wages and incentive compensation, higher group medical expense, and elevated costs related to the implementation of new, long term contracts.

Integrated Capacity Solutions (ICS)

  • Second Quarter 2021 Segment Revenue: $607 million; up 100%
  • Second Quarter 2021 Operating Income: $3.1 million; compared to $(13.1) million loss in 2Q’20

ICS revenue increased 100% during the current quarter vs. the second quarter 2020. Segment volumes increased 20% during the quarter with truckload volumes increasing 30% from the prior year period. Revenue per load increased 66%. In addition to changes in customer freight mix, revenue per load was favorably impacted by higher contractual and spot rates in our truckload business as compared to the second quarter 2020. Contractual volumes represented approximately 48% of the total load volume and 35% of the total revenue in the current quarter compared to 67% and 55%, respectively, in second quarter 2020. Of the total reported ICS revenue, approximately $396 million was executed through the Marketplace for J.B. Hunt 360 compared to $229 million in second quarter 2020.

Operating income increased to $3.1 million compared to an operating loss of $13.1 million in the second quarter 2020. Benefits from higher gross profit margin dollars and increased scale in the Marketplace for J.B. Hunt 360 platform were partially offset by higher personnel and technology costs as compared to the same period 2020. Gross profit margin percent decreased to 10.5% in the current period versus 11.8% in the same period last year primarily as a result of tighter industry capacity dynamics versus the prior year period. ICS carrier base increased 30% vs. second quarter 2020.

Final Mile Services (FMS)

  • Second Quarter 2021 Segment Revenue: $212 million; up 52%
  • Second Quarter 2021 Operating Income: $10.7 million; compared to $(5.2) million loss in 2Q’20

FMS revenue increased 52% compared to the same period 2020. Stop count within FMS increased 59% during the current quarter vs. a year ago, primarily from the addition of multiple customer contracts implemented over the last year. Additionally, the prior year period included temporary suspension of operations at several of our customers’ sites as a result of COVID-19. Productivity, defined as revenue per stop, decreased approximately 5% compared to the prior year period primarily from a shift in the mix of business between asset and asset-light operations.

Operating income increased to $10.7 million compared to an operating loss of $5.2 million in the second quarter 2020. The increase in operating income in the second quarter 2021 was primarily the result of higher volumes compared to the prior year period and a $3.2 million benefit from the net settlement of claims, partially offset by higher personnel expense related to salary, wages and incentive comp.

Truckload (JBT)

  • Second Quarter 2021 Segment Revenue: $184 million; up 70%
  • Second Quarter 2021 Operating Income: $14.2 million; up 308%

JBT revenue increased 70% from the same period in 2020. Revenue excluding fuel surcharge revenue increased 66% primarily from a 58% increase in revenue per load excluding fuel surcharge revenue and a 5% increase in load count compared to a year ago. The increase in revenue per load excluding fuel surcharge revenue was driven by a 40% increase in revenue per loaded mile excluding fuel surcharge revenue and a 13% increase in average length of haul. Load count growth and the length of haul increase were primarily related to the continued expansion of J.B. Hunt 360box™ which leverages the J.B. Hunt 360 platform to access drop-trailer capacity for customers across our transportation network. Comparable contractual customer rates were up approximately 25% compared to the same period 2020. The current period ended with 8,958 trailers and 1,770 tractors, compared to 7,985 and 1,897 respectively.

Operating income increased to $14.2 million compared to $3.5 million in the second quarter 2020. Benefits from increased load counts and revenue per load were partially offset by increases in purchased transportation expense and higher salary and wage expenses for non-driving personnel related to the continued expansion of 360box and increased usage of non-asset power.

Cash Flow and Capitalization:

At June 30, 2021, we had approximately $1.3 billion outstanding on various debt instruments which is comparable to levels at June 30, 2020 and at December 31, 2020.

Our net capital expenditures for the six months ended June 30, 2021 approximated $261 million compared to $265 million for the same period 2020. At June 30, 2021, we had cash and cash equivalents of approximately $571 million.

In the second quarter 2021, we purchased approximately 484,000 shares of common stock for approximately $81 million. At June 30, 2021, we had approximately $416 million remaining under our share repurchase authorization. Actual shares outstanding at June 30, 2021 approximated 105.2 million.

Conference Call Information:

The company will hold a conference call today at 4:00-5:00 p.m. CDT to discuss the quarterly earnings. To participate in the call, dial 1-833-360-0810 (domestic) or 470-495-0976 (international) 15 minutes prior to the start of the call and provide the following conference ID: 9793029. A replay of the call will be posted on the investor relations section of our website here later this evening.

Forward-Looking Statements:

This press release may contain forward-looking statements, which are based on information currently available. Actual results may differ materially from those currently anticipated due to a number of factors, including, but not limited to, those discussed in Item 1A of our Annual Report filed on Form 10-K for the year ended December 31, 2020. We assume no obligation to update any forward-looking statement to the extent we become aware that it will not be achieved for any reason. This press release and additional information will be available to interested parties on the investor relations section of our website, www.jbhunt.com.

About J.B. Hunt

J.B. Hunt Transport Services, Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.

J.B. HUNT TRANSPORT SERVICES, INC.
Condensed Consolidated Statements of Earnings
(in thousands, except per share data)
(unaudited)
 

Three Months Ended June

2021

 

2020

% Of % Of
Amount Revenue Amount Revenue
 
Operating revenues, excluding fuel surcharge revenues $ 2,606,981 $ 1,986,130
Fuel surcharge revenues

 

301,389

 

 

159,443

 

Total operating revenues

 

2,908,370

 

100.0

%

 

2,145,573

 

100.0

%

 
Operating expenses
Rents and purchased transportation

 

1,538,232

 

52.9

%

 

1,034,297

 

48.2

%

Salaries, wages and employee benefits

 

665,471

 

22.9

%

 

554,136

 

25.8

%

Depreciation and amortization

 

139,371

 

4.8

%

 

130,298

 

6.1

%

Fuel and fuel taxes

 

126,841

 

4.4

%

 

75,459

 

3.5

%

Operating supplies and expenses

 

91,019

 

3.1

%

 

79,134

 

3.7

%

General and administrative expenses, net of asset dispositions

 

47,505

 

1.6

%

 

44,599

 

2.1

%

Insurance and claims

 

35,508

 

1.2

%

 

30,899

 

1.4

%

Operating taxes and licenses

 

14,209

 

0.5

%

 

13,567

 

0.6

%

Communication and utilities

 

8,668

 

0.3

%

 

8,001

 

0.4

%

Total operating expenses

 

2,666,824

 

91.7

%

 

1,970,390

 

91.8

%

Operating income

 

241,546

 

8.3

%

 

175,183

 

8.2

%

Net interest expense

 

12,059

 

0.4

%

 

12,818

 

0.6

%

Earnings before income taxes

 

229,487

 

7.9

%

 

162,365

 

7.6

%

Income taxes

 

57,325

 

2.0

%

 

40,667

 

1.9

%

Net earnings $

 

172,162

 

5.9

%

$

 

121,698

 

5.7

%

Average diluted shares outstanding

 

106,816

 

 

106,580

 

Diluted earnings per share $

 

1.61

 

$

 

1.14

 

 
 
J.B. HUNT TRANSPORT SERVICES, INC.
Condensed Consolidated Statements of Earnings
(in thousands, except per share data)
(unaudited)
 
Six Months Ended June 30

2021

2020

% Of % Of
Amount Revenue Amount Revenue
 
Operating revenues, excluding fuel surcharge revenues $

 

4,995,015

 

$

 

4,031,824

 

Fuel surcharge revenues

 

531,504

 

 

394,574

 

Total operating revenues

 

5,526,519

 

100.0

%

 

4,426,398

 

100.0

%

 
Operating expenses
Rents and purchased transportation

 

2,890,533

 

52.3

%

 

2,170,449

 

49.0

%

Salaries, wages and employee benefits

 

1,285,502

 

23.3

%

 

1,128,386

 

25.5

%

Depreciation and amortization

 

276,916

 

5.0

%

 

260,393

 

5.9

%

Fuel and fuel taxes

 

239,881

 

4.4

%

 

176,582

 

4.0

%

Operating supplies and expenses

 

172,717

 

3.1

%

 

164,732

 

3.7

%

General and administrative expenses, net of asset dispositions

 

92,396

 

1.7

%

 

89,761

 

2.0

%

Insurance and claims

 

73,538

 

1.3

%

 

63,260

 

1.4

%

Operating taxes and licenses

 

28,024

 

0.5

%

 

26,879

 

0.6

%

Communication and utilities

 

17,814

 

0.3

%

 

16,032

 

0.4

%

Total operating expenses

 

5,077,321

 

91.9

%

 

4,096,474

 

92.5

%

Operating income

 

449,198

 

8.1

%

 

329,924

 

7.5

%

Net interest expense

 

24,084

 

0.4

%

 

24,854

 

0.6

%

Earnings before income taxes

 

425,114

 

7.7

%

 

305,070

 

6.9

%

Income taxes

 

106,346

 

1.9

%

 

78,538

 

1.8

%

Net earnings $

 

318,768

 

5.8

%

$

 

226,532

 

5.1

%

Average diluted shares outstanding

 

106,816

 

 

106,765

 

Diluted earnings per share $

 

2.98

 

$

 

2.12

 

 
 
 
Financial Information By Segment
(in thousands)
(unaudited)
 
Three Months Ended June

2021

2020

% Of % Of
Amount Total Amount Total
 
Revenue
 
Intermodal $

 

1,289,400

 

44

%

$

 

1,065,106

 

50

%

Dedicated

 

621,179

 

22

%

 

533,158

 

25

%

Integrated Capacity Solutions

 

607,614

 

21

%

 

304,267

 

14

%

Final Mile Services

 

212,265

 

7

%

 

139,550

 

6

%

Truck

 

183,634

 

6

%

 

108,298

 

5

%

Subtotal

 

2,914,092

 

100

%

 

2,150,379

 

100

%

Intersegment eliminations

 

(5,722

)

(0

%)

 

(4,806

)

(0

%)

Consolidated revenue $

 

2,908,370

 

100

%

$

 

2,145,573

 

100

%

 
 
Operating income
 
Intermodal $

 

134,641

 

56

%

$

 

106,965

 

61

%

Dedicated

 

79,010

 

33

%

 

83,102

 

47

%

Integrated Capacity Solutions

 

3,118

 

1

%

 

(13,072

)

(7

%)

Final Mile Services

 

10,691

 

4

%

 

(5,249

)

(3

%)

Truck

 

14,195

 

6

%

 

3,480

 

2

%

Other (1)

 

(109

)

(0

%)

 

(43

)

(0

%)

Operating income $

 

241,546

 

100

%

$

 

175,183

 

100

%

 
 
Six Months Ended June 30

2021

2020

% Of % Of
Amount Total Amount Total
Revenue
 
Intermodal $

 

2,466,532

 

45

%

$

 

2,214,825

 

50

%

Dedicated

 

1,201,137

 

22

%

 

1,074,904

 

24

%

Integrated Capacity Solutions

 

1,132,561

 

20

%

 

639,761

 

14

%

Final Mile Services

 

414,148

 

7

%

 

293,179

 

7

%

Truck

 

333,165

 

6

%

 

213,223

 

5

%

Subtotal

 

5,547,543

 

100

%

 

4,435,892

 

100

%

Intersegment eliminations

 

(21,024

)

(0

%)

 

(9,494

)

(0

%)

Consolidated revenue $

 

5,526,519

 

100

%

$

 

4,426,398

 

100

%

 
 
Operating income
 
Intermodal $

 

242,108

 

54

%

$

 

209,240

 

64

%

Dedicated

 

153,349

 

34

%

 

155,992

 

47

%

Integrated Capacity Solutions

 

10,387

 

2

%

 

(31,970

)

(10

%)

Final Mile Services

 

19,189

 

4

%

 

(8,549

)

(3

%)

Truck

 

24,369

 

6

%

 

5,259

 

2

%

Other (1)

 

(204

)

(0

%)

 

(48

)

(0

%)

Operating income $

 

449,198

 

100

%

$

 

329,924

 

100

%

 
(1) Includes corporate support activity
Operating Statistics by Segment
(unaudited)
 
Three Months Ended June

2021

2020

 
Intermodal
 
Loads

499,682

473,486

Average length of haul

1,678

1,676

Revenue per load $

2,580

$

2,249

Average tractors during the period *

5,782

5,420

Tractors (end of period) *

5,823

5,343

Trailing equipment (end of period)

99,377

96,512

Average effective trailing equipment usage

98,210

84,909

 
 
Dedicated
 
Loads

996,650

907,221

Average length of haul

161

160

Revenue per truck per week** $

4,707

$

4,250

Average trucks during the period***

10,224

9,718

Trucks (end of period) ***

10,506

9,674

Trailing equipment (end of period)

27,354

27,497

 
 
Integrated Capacity Solutions
 
Loads

330,127

274,399

Revenue per load $

1,841

$

1,109

Gross profit margin

10.5%

11.8%

Employee count (end of period)

966

1,117

Approximate number of third-party carriers (end of period)

116,600

89,900

Marketplace for J.B. Hunt 360 revenue (millions) $

396.1

$

228.9

 
 
Final Mile Services
 
Stops

1,732,962

1,093,182

Average trucks during the period***

1,488

1,333

 
 
Truck
 
Loads

108,538

103,314

Loaded miles (000)

52,840

44,555

Nonpaid empty mile percentage

19.6%

19.1%

Revenue per tractor per week** $

4,714

$

3,686

Average tractors during the period *

1,772

1,979

 
Tractors (end of period)
Company-owned

752

800

Independent contractor

1,018

1,097

Total tractors

1,770

1,897

 
Trailers (end of period)

8,958

7,985

 
 
* Includes company-owned and independent contractor tractors
** Using weighted workdays
*** Includes company-owned, independent contractor, and customer-owned trucks
 
Operating Statistics by Segment
(unaudited)
 
Six Months Ended June 30

2021

2020

 
Intermodal
 
Loads

977,967

964,776

Average length of haul

1,683

1,677

Revenue per load $

2,522

$

2,296

Average tractors during the period *

5,750

5,453

Tractors (end of period) *

5,823

5,343

Trailing equipment (end of period)

99,377

96,512

Average effective trailing equipment usage

96,406

84,971

 
 
Dedicated
 
Loads

1,938,870

1,786,230

Average length of haul

161

161

Revenue per truck per week** $

4,643

$

4,288

Average trucks during the period***

10,093

9,721

Trucks (end of period) ***

10,506

9,674

Trailing equipment (end of period)

27,354

27,497

 
 
Integrated Capacity Solutions
 
Loads

622,492

570,146

Revenue per load $

1,819

$

1,122

Gross profit margin

11.4%

10.7%

Employee count (end of period)

966

1,117

Approximate number of third-party carriers (end of period)

116,600

89,900

Marketplace for J.B. Hunt 360 revenue (millions) $

755.0

$

463.8

 
 
Final Mile Services
 
Stops

3,408,987

2,317,624

Average trucks during the period***

1,501

1,318

 
 
Truck
 
Loads

211,600

200,792

Loaded miles (000)

98,979

85,119

Nonpaid empty mile percentage

19.0%

18.7%

Revenue per tractor per week** $

4,505

$

3,842

Average tractors during the period*

1,753

1,897

 
Tractors (end of period)
Company-owned

752

800

Independent contractor

1,018

1,097

Total tractors

1,770

1,897

 
Trailers (end of period)

8,958

7,985

 
 
* Includes company-owned and independent contractor tractors
** Using weighted workdays
*** Includes company-owned, independent contractor, and customer-owned trucks
 
J.B. HUNT TRANSPORT SERVICES, INC.
Condensed Consolidated Balance Sheets
(in thousands)
(unaudited)
 
June 30, 2021 December 31, 2020
ASSETS
Current assets:
Cash and cash equivalents $

570,918

$

313,302

Accounts Receivable, net

1,293,924

1,124,403

Prepaid expenses and other

344,457

404,412

Total current assets

2,209,299

1,842,117

Property and equipment

6,108,195

5,908,710

Less accumulated depreciation

2,390,467

2,219,816

Net property and equipment

3,717,728

3,688,894

Other assets, net

396,367

397,337

$

6,323,394

$

5,928,348

 
 
LIABILITIES & STOCKHOLDERS' EQUITY
Current liabilities:
Trade accounts payable $

674,856

$

587,510

Claims accruals

282,331

276,056

Accrued payroll

174,718

130,943

Other accrued expenses

96,450

90,294

Total current liabilities

1,228,355

1,084,803

 
Long-term debt

1,303,467

1,305,424

Other long-term liabilities

263,576

245,961

Deferred income taxes

728,968

692,022

Stockholders' equity

2,799,028

2,600,138

$

6,323,394

$

5,928,348

 
Supplemental Data
(unaudited)
 
June 30, 2021 December 31, 2020
 
Actual shares outstanding at end of period (000)

105,196

105,654

 
Book value per actual share outstanding at end of period $

26.61

$

24.61

 
 
Six Months Ended June 30

2021

2020

 
Net cash provided by operating activities (000) $

668,748

$

639,950

 
Net capital expenditures (000) $

260,711

$

264,614

 


Contacts

Brad Delco
Vice President – Finance & Investor Relations
(479) 820-2723

Ameresco will be recognized at the virtual awards summit for its innovative energy project at Foothill Landfill in San Joaquin County, California

FRAMINGHAM, Mass.--(BUSINESS WIRE)--#cleanenergy--Ameresco, Inc., (NYSE: AMRC), a leading cleantech integrator specializing in energy efficiency and renewable energy, today announced that its solar installation at the Foothill Landfill in San Joaquin County, California, has received a Top Project of the Year Award in the Environment + Energy Leader Awards program. Organized annually, the program’s expert judges identified this solar installation as a leading example of how to best repurpose underutilized land for maximum energy savings.



Over the past seven years, Ameresco partnered with the officials of San Joaquin County to develop and maintain two standalone projects at the Foothill Landfill. In 2014, the company developed a landfill gas-to-energy (LFGTE) facility to convert the County’s waste into renewable energy. Following its success, Ameresco oversaw the installation of over 13,000 solar panels on the landfill’s underdeveloped land in 2020 to further support the County’s long-term sustainability goals.

“With a very experienced and critical judging panel and a strict set of judging criteria, entrants faced an extremely high bar to qualify for an award in 2021,” says Sarah Roberts, Environment + Energy Leader publisher.

One judge said of the San Joaquin County project, “This project demonstrates excellent use of underutilized land at the Foothill Landfill site and serves as a model for what others should and could develop.”

Alongside the Top Project of the Year Award win, Ameresco will participate in the Environment + Energy Leader Solutions Summit on Wednesday, July 21, 2021. During a half-hour session, scheduled for 4:00 p.m. ET, representatives from San Joaquin County and Ameresco will delve into what inspired a second project at the same location, why it’s important to maximize underdeveloped land, and how a similar strategy can be implemented into other projects. Interested parties are encouraged to register for the session.

“We’re honored that the development of renewable energy resources within San Joaquin County has been recognized with this award,” said Supervisor Tom Patti, Chairman of the San Joaquin County Board of Supervisors. “The Board’s prioritization to improve our local communities through clean and secure energy resources is of utmost importance as we plan for our energy future. The Foothill Landfill Solar project is not only great for the environment but obviously it helps offset the cost of rising electric costs to local taxpayers.”

“Our collaborative partnership with the County’s officials truly allowed us to think creatively about both the LFGTE facility and the solar farm,” said Ameresco’s executive vice president Bob Georgeoff. “We are honored that our work has been recognized for its excellence by Environment + Energy Leader judges, and we are proud to have worked with the County to lower their emissions by over 28,500 tons annually. We look forward to championing their ongoing sustainability efforts.”

The Environment + Energy Leader Awards is a program recognizing excellence in products and services that provide companies with energy and environmental benefits, and in projects implemented by companies that improved environmental or energy management and increased the bottom line. This year’s complete list of winners will be announced during the Solutions Summit on July 20, 2021, beginning at 9:15 a.m. ET. For more information and to register to attend, please visit: https://www.environmentalleader.com/ee-summit/

About the Environment + Energy Leader Awards

For nearly a decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environmental, sustainability and energy management. Award winners are truly buzz-worthy, and companies that sport a Top Project or Top Product of the Year Award badge are known to be the best of the best. When other companies are seeking a sustainability or energy management solution, they know that E+E Product of the Year Award winners offer a significant group of products, vetted by experts, to peruse for help in making their decisions. Project of the Year Award winners are known to illustrate how sustainability and energy management projects can successfully help other companies improve the bottom line.

About Ameresco, Inc.

Founded in 2000, Ameresco, Inc. (NYSE:AMRC) is a leading cleantech integrator and renewable energy asset developer, owner and operator. Our comprehensive portfolio includes energy efficiency, infrastructure upgrades, asset sustainability and renewable energy solutions delivered to clients throughout North America and the United Kingdom. Ameresco’s sustainability services in support of clients’ pursuit of Net Zero include upgrades to a facility’s energy infrastructure and the development, construction, and operation of distributed energy resources. Ameresco has successfully completed energy saving, environmentally responsible projects with Federal, state and local governments, healthcare and educational institutions, housing authorities, and commercial and industrial customers. With its corporate headquarters in Framingham, MA, Ameresco has more than 1,000 employees providing local expertise in the United States, Canada, and the United Kingdom. For more information, visit www.ameresco.com.


Contacts

Media Contact:
Ameresco: Leila Dillon, 508-661-2264, This email address is being protected from spambots. You need JavaScript enabled to view it.

SPRING, Texas--(BUSINESS WIRE)--Southwestern Energy Company (NYSE: SWN) today announced it will host a conference call and live audio webcast on July 30, 2021 to discuss second quarter 2021 financial and operating results. The Company plans to release results on July 29, 2021 after market close, which will be available on SWN’s website at www.swn.com.


Date:

       

July 30, 2021

Time:

       

9:30 a.m. CT

Webcast:

       

ir.swn.com

US/Canada:

       

877-883-0383

International:

       

412-902-6506

Access code:

       

3889842

A replay of the call will also be available until August 27, 2021 at 877-344-7529, International 412-317-0088, or Canada Toll Free 855-669-9658, access code 10158959.

About Southwestern Energy

Southwestern Energy Company (NYSE: SWN) is a leading U.S. producer of natural gas and natural gas liquids focused on responsibly developing large-scale energy assets in the nation’s most prolific shale gas basins. SWN’s returns-driven strategy strives to create sustainable value for its stakeholders by leveraging its scale, financial strength and operational execution. For additional information, please visit www.swn.com and www.swn.com/responsibility.


Contacts

Investor Contacts
Brittany Raiford
Director, Investor Relations
(832) 796-7906
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Bernadette Butler
Investor Relations Advisor
(832) 796-6079
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its second quarter 2021 results on Monday, July 26, 2021, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.


Helix will review its second quarter 2021 results on Tuesday, July 27, 2021, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on our website under "For the Investor." Investors and other interested parties wishing to dial in to the teleconference may join by dialing 1-800-954-0656 for participants in the United States or 1-212-231-2919 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on our website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.

About Helix

Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.


Contacts

Erik Staffeldt
Executive Vice President & CFO
281-618-0465

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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its second quarter 2021 results:


  • Earnings Release: Monday, August 09, 2021, pre-UK market open via Business Wire, Regulatory News Service, and the Company’s website at www.kosmosenergy.com.
  • Conference Call: Monday, August 09, 2021 at 11:00 a.m. EST. The call will be available via telephone and webcast.

Dial-in telephone numbers:
Toll Free: 1-877-407-0790
Toll/International: 1-201-689-8560
UK Toll Free: 0800 756 3429

Webcast:
investors.kosmosenergy.com

  • Webcast Conference Call Replay: A replay of the webcast will be available at investors.kosmosenergy.com for approximately 90 days following the event.

About Kosmos Energy

Kosmos is a full-cycle deepwater independent oil and gas exploration and production company focused along the Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.


Contacts

Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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MILPITAS, Calif.--(BUSINESS WIRE)--SolarEdge Technologies, Inc. (Nasdaq: SEDG), a global leader in smart energy technology, will report financial results for the second quarter 2021 after market close on Monday, August 2, 2021. Management will host a conference call at 4:30 P.M. ET on Monday, August 2, 2021 to discuss these results.

The call will be available, live, to interested parties by dialing:

United States/Canada Toll Free:

888-204-4368

International Toll:

+1 323-994-2093

Conference ID:

3169869

A live webcast will be available in the Investor Relations section of SolarEdge’s website at: Event Calendar | SolarEdge Technologies, Inc.

A replay of the webcast will be available in the Investor Relations section of the company’s web site approximately two hours after the conclusion of the call and remain available for approximately 30 calendar days.

About SolarEdge

SolarEdge is a global leader in smart energy technology. By leveraging world-class engineering capabilities and with a relentless focus on innovation, SolarEdge creates smart energy solutions that power our lives and drive future progress. SolarEdge developed an intelligent inverter solution that changed the way power is harvested and managed in photovoltaic (PV) systems. The SolarEdge DC optimized inverter seeks to maximize power generation while lowering the cost of energy produced by the PV system. Continuing to advance smart energy, SolarEdge addresses a broad range of energy market segments through its PV, storage, EV charging, batteries, UPS, electric vehicle powertrains, and grid services solutions. SolarEdge is online at www.solaredge.com


Contacts

Investor Contacts
SolarEdge Technologies, Inc.
Lior Danziger, Director of Investor Relations and Finance Operations
+1 510-498-3263
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Sapphire Investor Relations, LLC
Erica Mannion or Michael Funari
+1 617-542-6180
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— Aiming for carbon neutrality over the entire product life cycle by 2050 —

IWATA, Japan--(BUSINESS WIRE)--#marine--Yamaha Motor Co., Ltd. (TOKYO: 7272) announced today that it has reviewed the CO2 emission reduction targets in the Yamaha Motor Group Environmental Plan 2050 (hereinafter referred to as ”Environmental Plan 2050”) first formulated in 2018, and has set a new goal of aiming for carbon neutrality throughout all of its business activities, including across the life cycles of its products,* by 2050.
*Emissions as a direct result of business activities (Scope 1 and 2) and emissions outside of these (Scope 3).


This review of the Environmental Plan 2050 resets the vision (goals) for the Yamaha Motor group to aim for by 2050 as well as the targets to meet by 2030 and 2035, respectively. We will formulate a medium-term plan every three years and advance initiatives and activities toward these targets.

Based on this review, the Company will further accelerate its efforts toward achieving carbon neutrality, and by meeting its goals, continue to offer new excitement and a more fulfilling life for people all over the world.

Scope 1 and Scope 2 Targets(Emissions produced as a direct result of business activities)
We aim to halve our emissions by 2030 and then reduce them as much as 86% by 2050.

Scope 3 Targets (Emissions produced from the Company’s value chain)
We have set a target for reduction of 24% in 2030 and 38% in 2035, with a further reduction to 90% by 2050.

Uniquely Yamaha Motor Carbon-Neutral Strategies

Yamaha Motor has continuously offered personal mobility options with small environmental footprints and low CO2 emissions over the entire product life cycle, from raw material procurement and manufacturing to use and disposal. Toward realizing a carbon-neutral society in 2050, the Company will continue to offer new value by proposing new forms mobility unique to Yamaha Motor in addition to its signature motorcycles.

  • Basic Policy
    Aim to further reduce the CO2 emitted per person during movement
    • Use efficient power sources and switch to power sources with low CO2 emissions
    • Promote use of personal mobility with low CO2 emissions

 


Contacts

Naoto Horie
Media Releation,
Corporate Communication Division
YAMAHA MOTOR CO., LTD.
e-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.

Annual recognition by NAM’s Manufacturing Institute celebrates outstanding women in industry

THE WOODLANDS, Texas--(BUSINESS WIRE)--Chevron Phillips Chemical announced today that Operations Superintendent Amanda Baca at the Sweeny/Old Ocean Facilities is among the 130 national recipients of the prestigious 2021 STEP Ahead awards by the National Association of Manufacturers’ (NAM) Manufacturing Institute. The distinct honor celebrates women with an impressive track record of leadership, professional excellence and community involvement in science, technology, engineering and production (STEP) careers.



“We congratulate Amanda for the well-deserved recognition, following her many outstanding contributions to the company and local community as an inspiring leader and caring team player,” said Maricela Caballero, senior vice president of human resources. “At Chevron Phillips Chemical, we have amazing women that elevate our performance with their insight and dedicated work.

“We continue to create an environment where women can succeed and develop as effective leaders,” she added. “That’s why it’s so exciting to see someone as exceptional as Amanda receive such a prized distinction.”

Baca received top marks by Manufacturing Institute following her remarkable work and dedicated service in multiple areas. Those include her successful efforts to reduce operating costs and improve production volumes and margins at Chevron Phillips Chemical’s Sweeny/Old Ocean Facilities. Further, she serves as a mentor in and outside the company, and is actively engaged in community involvement, for which she also earned the Leaders Under 40 Award for Brazoria County, Texas.

“It is a great honor and privilege to receive this recognition, as well as a humbling reminder of how critical it is to work for an organization that nurtures the next generation of women leaders,” said Baca. “I look forward to continuing to grow as a leader and bring further value to Chevron Phillips Chemical and the community.”

“Women in manufacturing proved themselves time and time again after the pandemic began, leading our industry in innovation and progress,” said Carolyn Lee, executive director at Manufacturing Institute. “We will honor these manufacturing leaders with the STEP Ahead Awards, elevating their success and granting them a platform to inspire the next generation of women manufacturing leaders.”

Manufacturing Institute will celebrate the 2021 STEP Ahead award recipients at a Nov. 4 gala in Washington, D.C. The organization is the workforce development and education partner of NAM. Its STEP Women’s Initiative works to empower and inspire women in manufacturing as the nation’s top program to close the gender gap within the sector.

About Chevron Phillips Chemical

Chevron Phillips Chemical ranks first among America’s best large employers in the oil and gas sector according to Forbes. The company is one of the world’s top producers of olefins and polyolefins and a leading supplier of aromatics, alpha olefins, styrenics, specialty chemicals, plastic piping and polymer resins. With approximately 5,000 employees, Chevron Phillips Chemical and its affiliates own more than $17 billion in assets, including 31 manufacturing and research facilities in six countries. Chevron Phillips Chemical is equally owned indirectly by Chevron Corporation U.S.A. Inc. and Phillips 66 Company, and is headquartered in The Woodlands, Texas. For more information about Chevron Phillips Chemical, visit www.cpchem.com. Also, follow us on Twitter: @chevronphillips.

“Chevron Phillips Chemical” or “CPChem” may refer to one or more Chevron Phillips Chemical's subsidiaries or affiliates or to all of them taken as a whole. All of these terms are used for convenience only and are not intended as a precise description of any of the separate companies, each of which manages its own affairs.


Contacts

News Inquiries: Nick Facchin
Phone: 832-813-4264; Email: This email address is being protected from spambots. You need JavaScript enabled to view it.

DUBLIN--(BUSINESS WIRE)--The "Waxy Crude Oil Market Report - Industry Size, Competition, Trends and Growth Opportunities by Region - COVID Impact Forecast by Types and Applications (2021-2028)" report has been added to ResearchAndMarkets.com's offering.


This report contains comprehensive research with in-depth data and contemporary analysis of the Waxy Crude Oil market at a global, regional and key country level, covering different sub-segments of the industry.

Impact of COVID-19 on the Waxy Crude Oil Market

The Waxy Crude Oil market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period, driven by the economic revival in most of the developing nations. However, unprecedented situations due to expected third and further waves are creating a gloomy outlook. This study endeavors to evaluate different scenarios of COVID-19's impact on the future of the Waxy Crude Oil market from 2001 to 2028.

Waxy Crude Oil Market Structure and Strategies of Key Competitors

Companies operating in the Waxy Crude Oil business are strategizing moves to enhance their market share highlighting their USP statements, designing attractive product packaging, offering diverse product portfolio, and showcasing products on online platforms, being a few of the key winning strategies. The report offers detailed profiles of the top companies serving the Waxy Crude Oil value chain along with their strategies for the near, medium, and long term period.

Waxy Crude Oil Market Trends, Growth Opportunities, and Forecast Scenarios to 2028

Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the supply chain posing challenges for manufactures in the Waxy Crude Oil market. Intense competition, pricing issues, and shifting consumer preferences will continue the downward pressure on vendors' profit margins.

The fast pace recovery of developing economies leading to increased disposable income will support the Waxy Crude Oil market demand between 2021 and 2028.

The market research report portrays the latest trends shaping the Waxy Crude Oil industry along with key demand drivers and potential challenges anticipated for the market during the outlook period.

Waxy Crude Oil Market Analysis by Types, Applications and Regions

The research estimates global Waxy Crude Oil market revenues in 2021, considering the Waxy Crude Oil market prices, supply, demand, and trade analysis across regions. A detailed market share and penetration of different types, processes, and geographies in the Waxy Crude Oil market from 2001 to 2028 is included.

The report covers North America, Europe, Asia-Pacific, Middle East, Africa, and LATAM Waxy Crude Oil market statistics from 2020 to 2028 with further division by leading product types, processes, and distribution channels of Waxy Crude Oil. The status of the Waxy Crude Oil market in 16 key countries across the world is elaborated to enable an in-depth understanding of the Waxy Crude Oil industry.

Key Topics Covered:

1. Table of Contents

1.1 List of Tables

1.2 List of Figures

2. Waxy Crude Oil Market Latest Trends, Drivers and Challenges, 2020 - 2028

2.1 Waxy Crude Oil Market Overview

2.2 Impact of COVID on the future of Waxy Crude Oil Market

2.2.1 Waxy Crude Oil Market forecast (USD Million), by COVID scenario

2.2.2 COVID Strategies of Leading Waxy Crude Oil Market Companies

2.3 Waxy Crude Oil Market Insights, 2020 - 2028

2.3.1 Prominent Waxy Crude Oil Market product types, 2020 - 2028

2.3.2 Leading Waxy Crude Oil Market End-User markets, 2020 - 2028

2.3.3 Fast-Growing countries for Waxy Crude Oil Market sales, 2020 - 2028

2.4 Waxy Crude Oil Market Drivers and Restraints

2.4.1 Waxy Crude Oil Market Demand Drivers to 2028

2.4.2 Waxy Crude Oil Market Challenges to 2028

2.5 Waxy Crude Oil Market- Five Forces Analysis

2.5.1 Waxy Crude Oil Market Industry Attractiveness Index, 2020

2.5.2 Threat of New Entrants

2.5.3 Bargaining Power of Suppliers

2.5.4 Bargaining Power of Buyers

2.5.5 Intensity of Competitive Rivalry

2.5.6 Threat of Substitutes

3. Global Waxy Crude Oil Market Value, Market Share, and outlook to 2028

3.1 Global Waxy Crude Oil Market Overview, 2020

3.2 Global Waxy Crude Oil Market Revenue and Forecast, 2020 - 2028 (US$ Million)

3.3 Global Waxy Crude Oil Market Size and Share Outlook by Type, 2020 - 2028

3.4 Global Waxy Crude Oil Market Size and Share Outlook by End-User, 2020 - 2028

3.5 Global Waxy Crude Oil Market Size and Share Outlook by Region, 2020 - 2028

4. Asia Pacific Waxy Crude Oil Market Value, Market Share and Forecast to 2028

5. Europe Waxy Crude Oil Market Value, Market Share, and Forecast to 2028

6. North America Waxy Crude Oil Market Value, Market Share, and Forecast to 2028

7. South and Central America Waxy Crude Oil Market Value, Market Share, and Forecast to 2028

8. Middle East Africa Waxy Crude Oil Market Value, Market Share and Forecast to 2028

9. Waxy Crude Oil Market Players Analysis

9.1 Waxy Crude Oil Market Companies - Key Strategies and Financial Analysis

10. Waxy Crude Oil Market Industry Recent Developments

For more information about this report visit https://www.researchandmarkets.com/r/w59xzf


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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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

WALTHAM, Mass.--(BUSINESS WIRE)--Global Partners LP (NYSE: GLP) (the “Partnership”) announced today that the Board of Directors (the “Board”) of its general partner, Global GP LLC, has declared a cash distribution of $0.609375 per unit ($2.4375 per unit on an annualized basis) on the Partnership’s Series A preferred units for the period from May 15, 2021 through August 14, 2021. This distribution will be payable on August 16, 2021 to holders of record as of the opening of business on August 2, 2021.


The Board also declared a cash distribution of $0.59375 per unit ($2.375 per unit on an annualized basis) on the Partnership’s Series B preferred units for the period from May 15, 2021 through August 14, 2021. This distribution will be payable on August 16, 2021 to holders of record as of the opening of business on August 2, 2021.

Non-U.S. Withholding Information

This press release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat one hundred percent (100%) of GLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, GLP’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

About Global Partners LP

With approximately 1,550 locations primarily in the Northeast, Global Partners is one of the region’s largest independent owners, suppliers and operators of gasoline stations and convenience stores. Global also owns, controls or has access to one of the largest terminal networks in New England and New York, through which it distributes gasoline, distillates, residual oil and renewable fuels to wholesalers, retailers and commercial customers. In addition, Global engages in the transportation of petroleum products and renewable fuels by rail from the mid-continental U.S. and Canada. Global, a master limited partnership, trades on the New York Stock Exchange under the ticker symbol “GLP.” For additional information, visit www.globalp.com.

Forward-looking Statements
Certain statements and information in this press release may constitute “forward-looking statements.” The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “foresee,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature, although not all forward-looking statements contain such identifying words. These forward-looking statements are based on Global’s current expectations and beliefs concerning future developments and their potential effect on the Partnership. While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting the Partnership will be those that it anticipates. Forward-looking statements involve significant risks and uncertainties (some of which are beyond the Partnership’s control) including, without limitation, the impact and duration of the COVID-19 pandemic, uncertainty around the timing of an economic recovery in the United States which will impact the demand for the products we sell and the services that we provide, uncertainty around the impact of the COVID-19 pandemic to our counterparties and our customers and their corresponding ability to perform their obligations and/or utilize the products we sell and/or services we provide, uncertainty around the impact and duration of federal, state and municipal regulations related to the COVID-19 pandemic, and assumptions that could cause actual results to differ materially from the Partnership’s historical experience and present expectations or projections.

For additional information regarding known material factors that could cause actual results to differ from the Partnership’s projected results, please see Global’s filings with the SEC, including its Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Global undertakes no obligation to publicly update or revise any forward-looking statements after the date they are made, whether as a result of new information, future events or otherwise.


Contacts

Daphne H. Foster
Chief Financial Officer
Global Partners LP
(781) 894-8800

Sean T. Geary
Interim General Counsel and Vice President – Mergers & Acquisitions
Global Partners LP
(781) 894-8800

DUBLIN--(BUSINESS WIRE)--The "Passenger Car Motor Oil Market - Revenue, Trends, Growth Opportunities, Competition, COVID-19 Strategies, Regional Analysis and Future Outlook to 2030 (By Products, Applications, End Cases)" report has been added to ResearchAndMarkets.com's offering.


This report contains comprehensive research with in-depth data and contemporary analysis of the Passenger Car Motor Oil market at a global, regional and key country level, covering different sub-segments of the industry.

The automotive industry is set to experience a few structural changes in the near term due to the rapid developments in novel technologies. Artificial intelligence (AI) and machine learning will significantly transform the manufacturing process improving robotic efficiency, accuracy, and consistency.

Level 2 automation including active safety systems and driver assistance is allowing OEMs to add attractive features and bolster revenue growth. However, the full-fledged rollout of level 4 autonomous vehicles is expected to witness further delays for the technology to mature and for consumers to accept.

Impact of COVID-19 on Passenger Car Motor Oil market

Passenger Car Motor Oil market is quickly reaching its pre-COVID levels and a healthy growth rate is expected over the forecast period driven by the economic revival in most of the developing nations. Frequent suspension of public transport systems coupled with the highly contagious nature of the virus propelled the need for passenger cars leading to the derived demand for Passenger Car Motor Oil products.

However, unprecedented situations due to expected third and further waves of the pandemic are creating a gloomy outlook. This study endeavors to evaluate different scenarios of COVID-19 impact on the future of the Passenger Car Motor Oil market from 2021 to 2030.

Passenger Car Motor Oil Market Structure and Strategies of key competitors

Companies operating in the Passenger Car Motor Oil business are strategizing moves to enhance their market share highlighting their USP statements, diversifying product folio, and adding attractive features being a few of the key winning strategies. The report offers detailed profiles of top companies serving the Passenger Car Motor Oil value chain along with their strategies for the near, medium, and long term period.

Passenger Car Motor Oil Market Trends, Growth Opportunities, and Forecast Scenarios to 2030

Lockdowns across the globe in 2020 and continuing restrictions in 2021 disrupted the Passenger Car Motor Oil supply chain posing challenges for manufacturers in the Passenger Car Motor Oil industry. Intense competition, fluctuating prices, and shifting OEM preferences are expected to be the major challenges for Passenger Car Motor Oil Market during the forecast period.

The fast pace recovery of developing economies leading to increased disposable income will support the Passenger Car Motor Oil market demand between 2021 and 2030.

The Passenger Car Motor Oil research report portrays the latest trends shaping the Passenger Car Motor Oil industry along with key demand drivers and potential challenges anticipated for the market during the outlook period.

Passenger Car Motor Oil Market Analysis by Types, Applications and Regions

The research estimates global Passenger Car Motor Oil market revenues in 2021, considering the Passenger Car Motor Oil market prices, supply, demand, and trade analysis across regions. A detailed market share and penetration of different types, processes, and geographies in the Passenger Car Motor Oil market from 2001 to 2030 is included.

Key Topics Covered:

1. Table of Contents

1.1 List of Tables

1.2 List of Figures

2. Global Passenger Car Motor Oil Market Introduction, 2021

2.1 Passenger Car Motor Oil Industry Overview

2.2 Research Methodology

3. Passenger Car Motor Oil Market Analysis

3.1 Passenger Car Motor Oil Market Trends to 2030

3.2 Future Opportunities in Passenger Car Motor Oil Market

3.3 Dominant Applications of Passenger Car Motor Oil to 2030

3.4 Key Types of Passenger Car Motor Oil to 2030

3.5 Leading End Uses of Passenger Car Motor Oil Market to 2030

3.6 High Prospect Countries for Passenger Car Motor Oil Market to 2030

4. Passenger Car Motor Oil Market Drivers and Challenges

4.1 Key Drivers Fuelling the Passenger Car Motor Oil Market Growth to 2030

4.2 Major Challenges in the Passenger Car Motor Oil industry

4.3 Impact of COVID-19 on Passenger Car Motor Oil Market to 2030

5. Five Forces Analysis for Global Passenger Car Motor Oil Market

5.1 Passenger Car Motor Oil Industry Attractiveness Index, 2021

5.2 Ranking Methodology

6. Global Passenger Car Motor Oil Market Share, Structure, and Outlook

6.1 Passenger Car Motor Oil Market Sales Outlook, 2020 - 2030 ($ Million)

6.1 Global Passenger Car Motor Oil Market Sales Outlook by Type, 2020 - 2030 ($ Million)

6.2 Global Passenger Car Motor Oil Market Sales Outlook by Application, 2020 - 2030 ($ Million)

6.3 Global Passenger Car Motor Oil Market Revenue Outlook by End-User, 2020 - 2030 ($ Million)

6.4 Global Passenger Car Motor Oil Market Revenue Outlook by Region, 2020 - 2030 ($ Million)

7. Asia Pacific Passenger Car Motor Oil Market Size, Share, Competition and Outlook

8. Europe Passenger Car Motor Oil Market Trends, Outlook, and Growth Prospects

9. North America Passenger Car Motor Oil Market Trends, Outlook, and Growth Prospects

10. Latin America Passenger Car Motor Oil Market Drivers, Challenges, and Growth Prospects

11. Middle East Africa Passenger Car Motor Oil Market Outlook and Growth Prospects

12. Passenger Car Motor Oil Market Structure and Competitive Landscape

12.1 Key Companies in Passenger Car Motor Oil Business

12.2 Passenger Car Motor Oil Key Player Benchmarking

12.3 Passenger Car Motor Oil Product Portfolio

12.4 Financial Analysis

12.5 SWOT and Financial Analysis Review

13. Latest News, Deals, and Developments in Passenger Car Motor Oil Market

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


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
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Fundraising strengthens Generate’s position as the leading diversified investment and operating platform for sustainable infrastructure



Consortium of some of the world’s largest pension funds from Australia, Europe, U.S. and Canada participate in round led by existing investors AustralianSuper and QIC with new investment from Harbert Management Corporation

SAN FRANCISCO--(BUSINESS WIRE)--Generate, a leading sustainable infrastructure company, today announced it has raised $2 billion in corporate equity from some of the world’s leading institutional investors to accelerate the deployment of sustainable infrastructure. Existing investors AustralianSuper and QIC led the fundraising round with new investment from Harbert Management Corporation, Aware Super, and CBRE Caledon. The fundraising tapped many of the world’s largest long-term oriented pension funds and institutional investors from Australia, the U.S., and Europe, including additional commitments from existing investors AP2 of Sweden, Railways Pension of the UK and The Wellcome Trust.

Generate builds, owns, operates and finances sustainable infrastructure that delivers affordable and reliable resource solutions for companies, governments and communities. Over the last seven years, Generate has built a portfolio of about $2 billion in sustainable infrastructure assets across the energy, waste, water and transport markets, deploying proven solutions that can have an immediate impact on reducing greenhouse gas emissions and improving resource efficiency. The company works with more than 40 technology and project development partners to build infrastructure that serves the mission-critical needs of over 1,000 customers, including companies, universities, school districts, cities and non-profits across North America.

The new equity infusion makes Generate one of the most well-capitalized sustainability-focused enterprises in the world and will allow it to continue expanding its reach into new sectors and regions to meet rising demand for sustainable infrastructure.

“Generate is purpose-built to deploy sustainable infrastructure at scale and we are thrilled to reach this milestone that builds on our strong track record and enables our next phase of growth,” said Scott Jacobs, chief executive and co-founder of Generate. “Successful infrastructure projects require a long time horizon, dedicated operational expertise and a commitment to deliver returns for all of the many stakeholders involved in infrastructure. The urgent need to deploy proven climate solutions and get the world to a Net Zero pathway has never been greater. We are grateful to have a truly values-aligned set of investors committed to our mission of rebuilding the world.”

As the only one-stop shop for companies and communities looking to meet their Net Zero goals with new infrastructure, Generate offers customers the chance to quickly deploy solutions across diverse clean technology sectors. Because of Generate’s well-established Infrastructure-as-a-Service model, customers no longer need to make large capital commitments to meet their sustainability goals. They can rely on Generate to manage those infrastructure assets rather than taking that financial and operational risk – removing the key barriers to adoption of decarbonization and resource efficiency solutions. Generate’s holding company structure means that project developers and technology companies pioneering the Infrastructure Revolution have access to any and all types of financing and help needed to rebuild the world.

Generate has accelerated its business over the past year, despite a global pandemic and economic uncertainty, doubling staff across all business lines to meet this unprecedented opportunity in sustainable infrastructure. The company recently launched its Generate Credit unit dedicated to creating more credit solutions for green projects and companies, and geographic expansion beyond North America is also underway.

“Generate is a market leader, with an innovative business model that successfully leverages growing global demand for sustainable infrastructure solutions. Investing in Generate provides both an attractive investment return for our members and fosters the development of new sustainability focused technology which is making a real impact on the global transition to clean energy,” said AustralianSuper Head of Infrastructure Nik Kemp.

Added Ross Israel, Head of Global Infrastructure at QIC: “We are very pleased to continue partnering with Generate as it grows its sustainable infrastructure platform across power, mobility, waste, and water. This follow-on investment reinforces QIC’s sector-centric, thematic-based investment strategy across energy transition, decarbonization, and distributed infrastructure. We look forward to further leveraging our infrastructure sector expertise to accelerate the expansion of Generate’s high-quality platform across dynamic and rapidly growing markets for its customers.”

“As one of Australia’s largest pension funds, we have committed to achieving net zero by 2050 and have ambitious targets to invest in renewables and sustainable technologies to help us achieve this goal. This new partnership with Generate supports our growing portfolio of sustainable infrastructure assets in the US and globally. We look forward to supporting Generate’s continued impressive growth and development while delivering strong returns to our members,” said Mark Hector, Senior Portfolio Manager, Infrastructure and Real Assets, Aware Super.

Generate offers sustainability project developers and technology companies a comprehensive and flexible range of financial and operational solutions, establishing itself as the only “one-stop-shop” for sustainable infrastructure pioneers. The asset base the company owns, operates and finances includes renewable power, community solar, energy efficiency, microgrids, energy storage, electric mobility, hydrogen, wastewater, and waste management. Generate’s projects create thousands of jobs across communities and the infrastructure assets already on its balance sheet are expected to prevent over 43 million metric tons of CO2e from entering the atmosphere over the course of their operating lives.

“In infrastructure, stakeholder alignment is extremely challenging when you consider all of the various needs customers, communities, investors, regulators, suppliers and developers have. Generate has pioneered approaches that meet all of those needs, while solving some of the world’s most pressing problems. We are excited to continue partnering with the Generate team to rebuild the world,” says Helena Olin, head of infrastructure and real assets at Swedish national pension AP2.

Added Claude Estes, Co-Head of Investments at Harbert Infrastructure: “Generate has a deep bench of experienced professionals, an extensive pipeline via leading development partners and an aligned investor base which includes several of the largest and most respected capital providers in the world. Harbert believes that Generate will continue to execute on their vision and will benefit from durable energy transition tailwinds for the foreseeable future.”

About Generate

Generate Capital, Inc. is a leading sustainable infrastructure company driving the infrastructure revolution. Generate builds, owns, operates and finances solutions for clean energy, water, waste and transportation. Founded in 2014, Generate partners with over 40 technology and project developers and owns and operates more than 2,000 assets globally. Generate is the one-stop shop offering pioneers of the infrastructure revolution tailored funding and support needed to get projects built. Our Infrastructure-as-a-Service model delivers affordable, reliable and sustainable resources to over 1,000 customers, companies, communities, school districts and universities. Together, we are rebuilding the world. For more information, please visit www.generatecapital.com.


Contacts

Emily Chasan
(415) 480-2914
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DUBLIN--(BUSINESS WIRE)--The "Global N-Hexane Market Report and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.


According to this latest report the global n-hexane market attained a volume of 1.75 million tons in 2020. Aided by various end-uses of n-hexane, the market is projected to further grow at a CAGR of 3.1% between 2021 and 2026 to reach a volume of 2.18 million tons by 2026.

Companies Mentioned

  • Royal Dutch Shell plc
  • Exxon Mobil Corporation
  • GFS Chemicals, Inc.
  • Junyuan Petroleum Group

n-Hexane is an organic compound that is a colourless liquid. It is extracted from crude oils and is highly flammable in nature. This is why it is mixed with solvents to be used for industrial and commercial purposes. n-Hexanes have a low boiling point, low solubility, and low surface tension due to which they can be used for various versatile purposes. Moreover, n-hexane is cost-effective and recyclable, due to which it is preferred in several end-uses in major industries. It is widely used as a cleaning agent in the textile and pharmaceutical industry. In addition, it is used in various cleansers for domestic purposes, the demand for which rocketed due to the COVID-19 pandemic. This is expected to aid the market growth in the forecast period.

The rising demand for edible oils is aiding the market growth. As the production of oilseeds is increasing significantly to meet the edible oil demand of the surging global population, n-hexane is being used as a solvent to extract edible oils. This is aiding the market growth. Moreover, favourable properties of n-hexane, such as low latent heat of vapourisation, make it an ideal solvent for extraction of oil from oilseeds, hence augmenting the industry growth. The increasing use of commercial hexane that contains 20%-80% of n-hexane is propelling the industry growth. Hexanes are extensively used in the commercial sector in the formulation of leather products, glues for footwear, and roofing. In addition, the wide of n-hexane in the pharmaceuticals industry in various end-uses ranging from production to cleaning owing to its minimal odour, low boiling point, and versatility is further invigorating the growth of the n-hexane industry. The use of n-hexane in industrial cleaning agents is providing further impetus to the industry growth.

Key Topics Covered:

1 Preface

2 Report Coverage - Key Segmentation and Scope

3 Report Description

3.1 Market Definition and Outlook

3.2 Properties and Applications

3.3 Market Analysis

3.4 Key Players

4 Key Assumptions

5 Executive Summary

5.1 Market Overview

5.2 Key Drivers

5.3 Key Developments

5.4 Competitive Structure

5.5 Key Industrial Trends

6 Snapshot

6.1 Global

6.2 Regional

7 Industry Opportunities and Challenges

8 Global N-Hexane Market Analysis

8.1 Key Industry Highlights

8.2 Global N-Hexane Historical Market (2016-2020)

8.3 Global N-Hexane Market Forecast (2021-2026)

8.4 Global N-Hexane Market by Application

8.5 Global N-Hexane Market by Region

9 Regional Analysis

10 Market Dynamics

10.1 SWOT Analysis

10.2 Porter's Five Forces Analysis

10.3 EMR's Key Indicators for Demand

10.4 EMR's Key Indicators for Price

11 Value Chain Analysis

12 Price Analysis

12.1 North America Historical Price Trends (2016-2020) & Forecast (2021-2026)

12.2 Europe Historical Price Trends (2016-2020) & Forecast (2021-2026)

12.3 Asia Pacific Historical Price Trends (2016-2020) & Forecast (2021-2026)

12.4 Latin America Historical Price Trends (2016-2020) & Forecast (2021-2026)

12.5 Middle East & Africa Historical Price Trends (2016-2020) & Forecast (2021-2026)

13 Manufacturing Process

13.1 Detailed Process Flow

13.2 Operations Involved

13.3 Mass Balance

14 Feedstock Market Analysis

14.1 Global Crude Oil Market Analysis

14.1.1 Key Industry Highlights

14.1.2 Global Crude Oil Historical Market (2016-2020)

14.1.3 Global Crude Oil Market Forecast (2021-2026)

14.1.4 Global Crude Oil Market by Application

14.1.5 Global Crude Oil Market by Region

14.1.6 Crude Oil Historical Price Trends (2016-2020) and Forecast (2021-2026)

15 Competitive Landscape

15.1 Market Structure

15.2 Key Players' Market Share

15.3 Company Profiles

16 Industry Events and Developments

For more information about this report visit https://www.researchandmarkets.com/r/9dh05g


Contacts

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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BOSTON--(BUSINESS WIRE)--Global Container International Holdings LLC (“GCI”) today announced that Stephen Controulis will be joining its executive management team as Chief Financial Officer.


Steve is an accomplished C-Suite executive with significant experience in financial services, including more than 20 years in the container leasing industry where he was the Chief Financial Officer of Triton Container International Limited. Most recently, Steve was the Chief Financial Officer of Solar Mosaic, a specialty “clean-energy” finance company. Steve holds an MBA degree from the University of Michigan and a BS degree from New York University.

Jeffrey Gannon, CEO of GCI, noted, “We are incredibly excited to bring Steve on board and to welcome him back to the container leasing industry. Steve brings a depth of experience that makes him uniquely qualified to immediately add value to our rapidly expanding business platform. We look forward to him joining our team.”

About Global Container International LLC

Global Container International LLC is a Bermuda-based marine container leasing company with worldwide operations including offices or agency representation in the United States, Hong Kong, Shanghai, Singapore, Antwerp, Taipei, and Seoul. For more information, please visit www.gcxint.com


Contacts

Global Container International Holdings LLC
Jeffrey Gannon, +1-339-203-0939
Chief Executive Officer
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