Michael Wojcik, John Matesic, and Michael Rapp bring exceptional trade credit and surety expertise for the energy alternative assurance market
HOUSTON--(BUSINESS WIRE)--#Energy--Navitas Assurance Partners has engaged senior underwriting teams to support its effort to bring a new approach and new liquidity resources to the energy markets.
Michael Wojcik has joined the Navitas team as Vice President, Underwriting. Michael has 16 years of experience as a trade credit manager and credit insurance underwriter. With a growing specialization on energy sector transactions, Michael held the role of Head of Underwriting with one of the world’s largest credit insurance providers. During this time, he worked on the development and implementation of new product offerings designed to support the North American energy markets and their unique and specialized trades.
“Michael brings deep understanding of the niche market with empowerment to deliver results for clients and broker partners,” says Jay Rose, Managing Director at Navitas Assurance Partners. “We are very excited for Michael to lead our trade credit expansion.”
Wojcik may be reached via This email address is being protected from spambots. You need JavaScript enabled to view it..
John Matesic has joined Navitas as Vice President, Underwriting. Matesic has over 16 years of risk management and underwriting experience within the insurance industry with some of the nation’s largest insurance companies. Throughout this time, Matesic developed a deep connection within the commercial surety industry.
“Having one of the best and well-respected underwriting minds coupled with direct expertise from the energy market creates an unrivaled team dynamic,” adds Rose. “John is the ultimate team player and the perfect fit to deliver value to broker partners and clients alike.”
Matesic may be reached via This email address is being protected from spambots. You need JavaScript enabled to view it..
Michael Rapp joins Navitas as Vice President with more than 22 years of insurance experience. He previously served as Vice President, Underwriting with one of the world’s largest credit insurance providers. Prior to that, Rapp was Regional Manager for Trade Credit in the Southwest region with a large, national insurance carrier. He also has experience in a producer role with a global insurance brokerage firm.
“Michael has been a key asset in developing the trade credit energy marketplace since its formation,” says Rose. “He brings the level of rooted trust the market demands coupled with the empowerment required to help our clients prosper.”
Rapp may be reached via This email address is being protected from spambots. You need JavaScript enabled to view it..
About Navitas Assurance Partners
Navitas Assurance Partners is a managing general underwriter (MGU) representing some of the strongest balance sheets in North America. Created for an evolving market and tapping into more than 100 years of operational development and risk management experience from the energy and credit insurance /surety industries, Navitas is built for today’s changing marketplace. Navitas acts as the leading conduit among the energy markets, their broker-partners, and carrier-partners—specializing in the energy assurance markets and offering a new approach that brings additional capacity, unrivaled speed, and exceptional broker support. To learn more, visit www.navitasassurance.com or contact us via This email address is being protected from spambots. You need JavaScript enabled to view it..
Patrick McKinnon
Navitas Assurance Partners
(832) 606-9319
This email address is being protected from spambots. You need JavaScript enabled to view it.
TOKYO--(BUSINESS WIRE)--#Change--Leading international nonprofit organization, CDP, has included Kao Corporation (TOKYO:4452) in its prestigious ‘A List’ across three categories for the third year in a row. Kao, a leading manufacturer of personal care, household, and cosmetics products, received the highest triple-A score for its sustainability initiatives involving climate change, forests, and water security. Selection onto the list was determined by a global survey of businesses and an evaluation of their activities. More than 10,000 firms were evaluated for the ‘A List’, with only 12 selected for inclusion across the three categories. Kao has now been included in the Climate Change ‘A List’ for the fourth time, the Forests ‘A List’ for the third time, and the Water Security ‘A List’ for the sixth time.
Dave Muenz, Director and Managing Executive Officer in charge of Kao’s ESG Division, comments, “Receiving a triple-A score in CDP’s rankings three years in a row is a great honor. Being included in this selection reassures us that we are taking the right steps to realize a sustainable lifestyle for each and every consumer. We must all take certain and urgent action across society to tackle climate change. At Kao, we have committed to achieve our goals of carbon zero by 2040 and carbon negative by 2050. Through our current and future actions taken to realize these ambitions, we will strive to live up to this recognition we have received from CDP today.”
As an enterprise that provides products people use on a daily basis, the Kao Group has the responsibility for taking active steps to reduce the environmental footprint of its products throughout the product lifecycle. In April 2019, Kao launched its ESG strategy, the Kirei Lifestyle Plan, and has been promoting the Kao Group Mid-term Plan 2025 (K25) since 2021 with its vision of “protecting future lives” and “sustainability as the only path.”
The inclusion of Kao in the Climate Change, Forests, and Water Security ‘A Lists’ is the result of efforts being made across its value chain. To further decarbonization, Kao has drawn up a roadmap committed to achieving carbon zero by 2040 and carbon negative by 2050. It is also accelerating efforts to switch globally to 100% renewable energy by 2030 by having all of its 55 logistics hubs and the Sakata Plant in Japan use renewable energy. In the forests area, Kao, acknowledging the challenges that exist in its palm oil supply chain, promotes the SMILE (Smallholder Inclusion for Better Livelihood & Empowerment) program designed to support oil palm smallholders in Indonesia. This program includes knowledge-sharing on sustainable production and productivity improvement; support for acquiring RSPO*1 Certification; education on safe work, providing safety equipment such as helmets and gloves, and installing fire extinguishers; and free distribution of the Adjuvant series*2 spreading agent and guidance on how to use it. Higher productivity helps improve smallholder plantation farmers’ living standards and also alleviates the pressure for deforestation caused by development of new plantations. With regard to water security, Kao continues to pursue its “eco together” approach in which it works together with stakeholders including consumers, business partners, and society to reduce water use by providing products with water-saving features powered by its proprietary technologies. In pursuit of a sustainable small-scale, decentralized water reuse society, Kao and WOTA Corp., which operates small-scale decentralized water recycling systems and autonomous control systems for water treatment, have concluded a business alliance aimed at solving social problems related to water and sanitation. Key to these efforts will be conducting and maximizing scenario analyses relating to climate change, forests, and water security by identifying risks and opportunities and integrating plans and actions into Kao’s business strategy.
*1 Roundtable on Sustainable Palm Oil
*2 A very efficient agricultural spreading agent developed by Kao that is derived from plant materials and helps spread the pesticides when it is sprayed on plants.
Dexter Galvin, Global Director of Corporations and Supply Chains at CDP, said: “Congratulations to all the companies on this year’s A List; environmental transparency is the first vital step towards a net-zero and nature-positive future. In a year of ever-increasing environmental concerns around the world – from extreme weather to unprecedented losses to nature – the need for transformational, urgent and collaborative change is more critical than ever. We must decarbonize half of global GHG emissions and eliminate deforestation by 2030, alongside achieving water security on the same timescale – there is no route to 1.5°C without nature. As CDP continues to raise the bar on what qualifies as climate, forests and water leadership, we hope to see the ambitions and actions of companies on the A List – and those wanting a place on it – do the same.”
By integrating ESG into the core of company management, for example by taking active steps in relation to climate change, forests, and water security, Kao will develop its business, provide better products and services for consumers and society, and work toward its purpose, “to realize a Kirei world in which all life lives in harmony.”
About CDP
CDP is a global non-profit that runs the world’s environmental disclosure system for companies, cities, states and regions. Founded in 2000 and working with more than 680 financial institutions with over $130 trillion in assets, CDP pioneered using capital markets and corporate procurement to motivate companies to disclose their environmental impacts, and to reduce greenhouse gas emissions, safeguard water resources and protect forests. Nearly 20,000 organizations around the world disclosed data through CDP in 2022, including more than 18,700 companies worth half of global market capitalization, and over 1,100 cities, states and regions. Fully TCFD aligned, CDP holds the largest environmental database in the world, and CDP scores are widely used to drive investment and procurement decisions towards a zero carbon, sustainable and resilient economy. CDP is a founding member of the Science Based Targets initiative, We Mean Business Coalition, The Investor Agenda and the Net Zero Asset Managers initiative. Visit cdp.net or follow us @CDP to find out more.
About the Kirei Lifestyle Plan
Over the past 130 years, Kao has worked to improve people’s lives and help them realize more sustainable lifestyles—a Kirei Lifestyle. The Japanese word ‘kirei’ describes something that is clean, well-ordered and beautiful, all at the same time. The Kao Group established its ESG strategy, the Kirei Lifestyle Plan in April 2019, which is designed to deliver the vision of a gentler and more sustainable way of living. By 2030, Kao aims to empower at least 1 billion people, to enjoy more beautiful lives and have 100% of its products leave a full lifecycle environmental footprint that science says our natural world can safely absorb.
For more information please, click https://www.kao.com/global/en/sustainability/
About Kao
Kao creates high-value-added products and services that provide care and enrichment for the life of all people and the planet. Through its portfolio of over 20 leading brands such as Attack, Bioré, Goldwell, Jergens, John Frieda, Kanebo, Laurier, Merries, and Molton Brown, Kao is part of the everyday lives of people in Asia, Oceania, North America, and Europe. Combined with its chemical business, which contributes to a wide range of industries, Kao generates about 1,420 billion yen in annual sales. Kao employs about 33,500 people worldwide and has 135 years of history in innovation.
Please visit the Kao Group website for updated information. https://www.kao.com/global/en/
Related Information
Media inquiries should be directed to:
Corporate Strategy
Kao Corporation
This email address is being protected from spambots. You need JavaScript enabled to view it.
OSAGE, Iowa--(BUSINESS WIRE)--The new solar field at Valent BioSciences’ manufacturing facility in Osage, Iowa, is now fully operational. Testing over the past several weeks confirmed that the solar field is functioning as it was intended, which will enable it to produce about 3.4 million kilowatt hours of solar-generated electricity annually. This amount of electricity can power the equivalent of about 425 average-sized homes annually.
Work on the 1.5-megawatt alternating current (AC) solar field began in August and was completed on time with the assistance of OneEnergy Renewables and Heartland Power Cooperative. The solar field includes 3,432 bifacial solar panels that produce power from both sides of the panel and also track the sun from east to west. It is situated on 12 acres of Valent BioSciences land adjacent to the manufacturing facility and also adjoins 34 acres of native prairie that the company began reconstructing earlier this year.
“The solar field and prairie reconstruction work expand our sustainability activities at the manufacturing site,” said Brian Lynch, Valent BioSciences’ Osage Facility Manager. “These two projects together will eliminate 2,400 metric tons of carbon dioxide from the environment annually. We are proud of these projects, which would not have been possible without the support of our many partners, who include OneEnergy Renewables, Heartland Power Cooperative, the City of Osage, the Mitchell County Conservation Board, and other local organizations.”
About Valent BioSciences LLC
Headquartered in Libertyville, Illinois, Valent BioSciences is a subsidiary of Tokyo-based Sumitomo Chemical Co., Ltd., and is the worldwide leader in the development, manufacturing, and commercialization of biorational products with sales in 95 countries around the world. Valent BioSciences is an ISO 9001 Certified Company. For additional information, visit the company’s website at www.valentbiosciences.com.
John Mandel
Valent BioSciences LLC
847-968-4728
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
VIBORG, Denmark--(BUSINESS WIRE)--At least 70 cities in Europe can now prevent huge amounts of waste from ending up in the sea. This has been demonstrated in the city of Aarhus in Denmark, where the robot SeaProtectorOne, made by All In On Green, collected over 100,000 pieces of waste from the city’s river in just 20 months. The technology thus shows how much pollution the city is otherwise sending into the marine environment.
Once waste enters the oceans, removing it is extremely difficult. This is why a Danish robotics invention is tackling the problem before it happens. The robot SeaProtectorOne is installed at the river mouth in Aarhus, where the river flows into the harbour and wider sea. The robot collects the waste—things like plastic cups, facemasks and pizza boxes—before it pollutes the sea. At the same time, it allows boats and other marine vessels to pass by.
SeaProtectorOne could also limit sea pollution from rivers in at least 70 other cities in Europe. This potential has been shown by thorough studies of the cities’ local conditions carried out by the team that has developed SeaProtectorOne. Kim Gulvad Svendsen, COO, Aarhus Municipality, readily shares his positive experience with this new weapon in the fight to prevent sea pollution.
“After the trial period, we were surprised at just how effective the robot was and by how much waste – especially plastic – it removed. This is plastic that will no longer end up in our marine environment. So the robot supports Aarhus Municipality’s sustainability efforts and above all, the UN’s global sustainable development goal no. 14: Life Below Water,” said Kim Gulvad Svendsen.
Every year, the amount of plastic waste that ends in the oceans is equivalent in weight to 57,000 blue whales. At least 90% of the plastic waste that floats around in the oceans, ends in the sea via river systems, according to the periodical Environmental Science.
“Once waste enters the sea it spreads quickly and is difficult to collect. Whereas the current in a river allows for the systematic filtering of waste in a limited area without disturbing fish or birds,” said Peter Grønkjær, Professor of Marine Biology at the Aarhus University.
Mads Tranders Nielsen from All In On Green is the man who invented SeaProtectorOne.
“In an ideal world, every citizen everywhere would learn to always put waste into a waste bin. But we don’t live in an ideal world. The idea for the robot came to me when I saw huge amounts of waste floating in a river in Melbourne. SeaProtectorOne has now shown its worth, even in Aarhus, one of Europe’s greenest cities. So, I’m looking forward to bringing this technology to the rest of the world for the benefit of the marine environment, fish and birds,” said Mads Tranders Nielsen from All In On Green.
Partner, All In On Green, Frank Rosenbjerg: +45 27150805/This email address is being protected from spambots. You need JavaScript enabled to view it.
PR Consultant: Malene Grouleff: +45 28915809/This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Innovation Tracker: Emissions Management" report has been added to ResearchAndMarkets.com's offering.
This study looks at 6 dynamic firms that are making a significant impact on the innovation agenda for emissions management in the oil and gas sector and other associated industries.
As decarbonization strategies gather pace across industries, emissions management is emerging as a key growth opportunity. The publisher has identified a complex and dynamic value chain and set of process steps where opportunities abound: Planning and advisory; measuring and monitoring; mitigation; removal; reporting; and offsetting. Digital platforms and creative business models that deliver end-to-end solutions underpin these steps.
Companies are investing in innovative technologies like smart sensors, to accurately capture different types of emissions data, as well as drones and satellite imagery for mapping.
With emerging technologies such as artificial intelligence (AI), machine learning (ML), and cloud services, managing and storing large datasets is becoming common across industries. In the next 10 years, automation and robotics along with data analytics will be prevalent in measuring and controlling emissions.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Environment
3. Companies to Action
4. Growth Opportunity Universe
For more information about this report visit https://www.researchandmarkets.com/r/h9089s
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
VELIZY-VILLACOUBLAY, France--(BUSINESS WIRE)--#3DEXPERIENCE--Dassault Systèmes (Euronext Paris: FR0014003TT8, DSY.PA) (Paris:DSY) today announced that it has signed a memorandum of understanding with Ecole normale supérieure Paris-Saclay, founding member of France’s leading university for students preparing for careers in higher education and research. The MoU aims to accelerate sustainable innovation by driving knowledge and know-how on the use of virtual twins in academia and research. The announcement was made at a ceremony marking the 40th anniversary of LURPA, the university’s research laboratory in automated production, with a testimonial from Bernard Charlès, Vice Chairman and CEO of Dassault Systèmes, alumnus of ENS Paris-Saclay and sponsor of the lab.
Under the MoU, ENS Paris-Saclay will deploy Dassault Systèmes’ 3DEXPERIENCE platform to offer new, innovative learning experiences as part of its university curriculum as well as its continuing education programs. The two organizations will work together to share platform best practices with the university’s professors and researchers that will be used for experiential learning in classes spanning multiple disciplines and addressing sectors such as health, infrastructure and cities, and manufacturing.
In addition to the deployment, Dassault Systèmes and ENS Paris-Saclay will create a virtual twin think tank combining their respective expertise on virtual twins. The objective is to deliver a shared scientific vision on the definition and use of virtual twins in education, health, sustainable innovation and industry through joint research projects, white papers, conferences and other thought leadership initiatives.
“As a founding member of one of France’s leading universities, we have a mission to offer the highest-caliber curriculum to future educators that infuses the latest in technological innovation. Research and education are particularly relevant in nurturing solutions to today’s challenges in manufacturing, healthcare and cities. This MoU extends and deepens our long-standing relationship with Dassault Systèmes. Together, we can drive new opportunities to advance the impacts of virtual twins in these sectors,” said Nathalie Carrasco, President, ENS Paris-Saclay.
“ENS Paris-Saclay is a founding member of a leading university in France, with a focus on educating the country’s top professors and reseachers. By initiating 3DEXPERIENCE platform training early on in its curriculum, ENS Paris-Saclay can empower its students with expertise they can then leverage throughout their careers as professors and share with their own students,” said Florence Verzelen, Executive Vice President, Industry, Marketing and Sustainability, Dassault Systèmes. “Their multidiscipline approach, coupled with our joint initiative to drive a greater understanding of the role of virtual twins in enabling sustainable innovations, are two steps forward in helping society tackle some of the major challenges it faces.”
###
FOR MORE INFORMATION
Dassault Systèmes’ 3DEXPERIENCE platform, 3D design software, 3D Digital Mock Up and Product Lifecycle Management (PLM) solutions: http://www.3ds.com
SHARE THIS ON TWITTER
@Dassault3DS and @ENS_Paris-Saclay sign MoU to boost #virtualtwin knowledge and know-how #3DEXPERIENCE
Connect with Dassault Systèmes on
Twitter | Facebook | LinkedIn | Youtube
ABOUT DASSAULT SYSTÈMES
Dassault Systèmes, the 3DEXPERIENCE Company, is a catalyst for human progress. We provide business and people with collaborative 3D virtual environments to imagine sustainable innovations. By creating virtual twin experiences of the real world with our 3DEXPERIENCE platform and applications, our customers push the boundaries of innovation, learning and production to achieve a more sustainable world for patients, citizens, and consumers. Dassault Systèmes brings value to more than 300,000 customers of all sizes, in all industries, in more than 140 countries. For more information, visit www.3ds.com
ABOUT THE ÉCOLE NORMALE SUPÉRIEURE PARIS-SACLAY
The ENS Paris-Saclay, a major multidisciplinary school for research and higher education, aims to lead its students to a doctoral degree. They are rigorously selected and follow reinforced courses in basic sciences, humanities and social sciences, as well as engineering sciences. The School also offers them several original research training courses on subjects such as quantity technology, artificial intelligence, etc., along with immersion in the largest international laboratories. It has a public service mission to guide the best pupils and students to academic careers, as well as to careers in the public and private sectors requiring a high level of scientific expertise. Founding member of University Paris-Saclay.
© Dassault Systèmes. All rights reserved. 3DEXPERIENCE, the Compass icon, the 3DS logo, CATIA, BIOVIA, GEOVIA, SOLIDWORKS, 3DVIA, ENOVIA, NETVIBES, MEDIDATA, CENTRIC PLM, 3DEXCITE, SIMULIA, DELMIA, and IFWE are commercial trademarks or registered trademarks of Dassault Systèmes, a French “société européenne” (Versailles Commercial Register # B 322 306 440), or its subsidiaries in the United States and/or other countries.
Dassault Systèmes Press Contacts
Corporate / France
Arnaud MALHERBE
This email address is being protected from spambots. You need JavaScript enabled to view it.
+33 (0)1 61 62 87 73
North America
Natasha LEVANTI
This email address is being protected from spambots. You need JavaScript enabled to view it.
+1 (508) 449 8097
EMEAR
Virginie BLINDENBERG
This email address is being protected from spambots. You need JavaScript enabled to view it.
+33 (0) 1 61 62 84 21
China
Grace MU
This email address is being protected from spambots. You need JavaScript enabled to view it.
+86 10 6536 2288
India
Kriti ASHOK
This email address is being protected from spambots. You need JavaScript enabled to view it.
+91 9741310607
Japan
Yukiko SATO
This email address is being protected from spambots. You need JavaScript enabled to view it.
+81 3 4321 3841
Korea
Jeemin JEONG
This email address is being protected from spambots. You need JavaScript enabled to view it.
+82 2 3271 6653
AP South
Jessica TAN
This email address is being protected from spambots. You need JavaScript enabled to view it.
+65 6511 6248
ENS Paris-Saclay Press Contact
Morgann CROZET, Director of the Communication Department
This email address is being protected from spambots. You need JavaScript enabled to view it. / +33 (0)6 78 30 27 29
SAN ANTONIO--(BUSINESS WIRE)--Texas First Rentals®, a division of HOLT, announced today that it has acquired Rental One, a full-service equipment and storage container rental company offering a complete line of construction equipment and supplies in 15 locations throughout the Dallas-Fort Worth Metroplex and Central Texas regions.
Texas First Rentals, a construction equipment rental company, offers rental solutions through its full line of aerial, dirt and portable power equipment. The equipment Texas First Rentals provides includes boom lifts, scissor lifts, excavators, generators, pumps and trench safety equipment.
“Rental One is an excellent strategic and cultural fit that complements our existing products and services,” said CEO and General Manager of HOLT, Peter J. Holt. “More importantly, Rental One is a multi-generational, family-owned Texas company. As a family-owned business ourselves, we know the value of such an organization and what that means to our customers.”
Rental One, founded in 2004 in Colleyville, Texas, with equipment rental roots going back to the 1950s, is a family-owned, full-service equipment and storage container rental company offering a full line of well-maintained, quality construction equipment and concrete, safety, erosion control and construction supplies throughout its locations.
“Our team has worked to build a successful business with meaningful relationships that span three generations,” said Rental One President Mike O’Neal. “Our customers will benefit from a broader range of products and combined expertise as we join the Texas First Rentals team. We continue to be committed to providing customers with the best equipment and reliable service they have grown to know.”
With this acquisition, the 300 current Rental One employees, including the leadership team, will become employees of Texas First Rentals and will continue to operate from current Rental One locations.
“I’m confident joining a values-based organization is a positive move for us all.” said O’Neal. “We look forward to collaborating with the Texas First Rentals team to build upon our mutual success.”
This acquisition will allow Texas First Rentals to expand its presence to a total of 40 locations in highly attractive regions poised for future growth. For more information about the products and services available through Texas First Rentals, visit www.texasfirstrentals.com.
About Texas First Rentals
Texas First Rentals® is a leading construction equipment rental company and a division of HOLT, serving 118 Texas counties spanning from the Red River to the Rio Grande™. Texas First Rentals offers rental solutions through its full line of aerial, dirt and portable power equipment such as booms, scissor lifts, excavators, generators, pumps and trench safety equipment. Products available for rent include Caterpillar®, Genie®, JLG®, Sullair® and others. Daily, weekly and long-term equipment rental options are available.
Texas First Rentals® is part of the HOLT family of companies. For more information, visit www.texasfirstrentals.com and www.holtcat.com
Marcie Ramsey
KGBTexas Communications
(210) 630-5930
This email address is being protected from spambots. You need JavaScript enabled to view it.
Rivian to prioritize its current consumer product development roadmap and manufacturing capacity expansion as well as its commercial business
IRVINE, Calif.--(BUSINESS WIRE)--Electric vehicle manufacturer Rivian has today announced it is pausing plans to produce its electric commercial vans in Europe and will therefore no longer pursue the Memorandum of Understanding with Mercedes-Benz. This Memorandum of Understanding was signed in September 2022.
RJ Scaringe, Chief Executive Officer of Rivian:
“We’ve decided to pause discussions with Mercedes-Benz Vans regarding the Memorandum of Understanding we signed earlier this year for joint production of electric vans in Europe. As we evaluate growth opportunities, we pursue the best risk-adjusted returns on our capital investments. At this point in time, we believe focusing on our consumer business, as well as our existing commercial business, represent the most attractive near-term opportunities to maximize value for Rivian. We share the same goal as Mercedes-Benz Vans, to help the world transition to electric vehicles, and we look forward to exploring opportunities with them at a more appropriate time for Rivian.”
Mathias Geisen, Head of Mercedes-Benz Vans:
“Our collaboration with the Rivian team has been based on a common engineering passion and a strong spirit of partnership. That’s why I respect and understand the decision of Rivian to prioritize the delivery of their consumer business and existing commercial business in the near-term. While the timeline for our common European production joint venture is now on hold, the pace of our own electrification strategy at Mercedes-Benz Vans remains unchanged. The ramp-up plan for our new EV manufacturing site in Jawor, Poland is not affected. We will continue with full speed and determination to scale up electric vehicle production in our first dedicated electric van plant – designed for maximum flexibility and productivity. Exploring strategic opportunities with the team at Rivian in the future remains an option, as we share the same strategic ambition: accelerating the EV adoption with benchmark products for our customers.”
Rivian is building a brand and product portfolio with the objective of maximizing impact in the shift to carbon-neutral transportation. The R1T, R1S, and Electric Delivery Van (“EDV”) last-mile delivery vans are Rivian’s first vehicles in the consumer and commercial space. The R1T and R1S are flagship products for Rivian, uniquely combining performance, utility, and efficiency – see Rivian.com for further information. On the commercial side Rivian launched the EDV, which was designed and engineered by Rivian in collaboration with Amazon, as an anchor product to combat climate change at scale in the fleet market.
About Rivian
Rivian exists to create products and services that help our planet transition to carbon neutral energy and transportation. Rivian designs, develops, and manufactures category-defining electric vehicles and accessories and sells them directly to customers in the consumer and commercial markets. Rivian complements its vehicles with a full suite of proprietary, value-added services that address the entire lifecycle of the vehicle and deepen its customer relationships. Learn more about the company, products, and careers at rivian.com.
Forward-looking statements:
This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements that do not relate to matters of historical fact should be considered forward-looking statements and are often identified by terms such as “will,” “should,” “target,” “aim,” “expects,” “plans,” “intends,” “targets,” or “believes” or the negative of these terms or other similar expressions. These forward-looking statements speak only as of the date when made, and Rivian undertakes no obligation to publicly update or revise any forward-looking statements, except as required by applicable law. Forward-looking statements are not guarantees of future performance and inherently involve a wide range of risks and uncertainties that are difficult to predict. A discussion of other risks and uncertainties is contained in Rivian’s filings with the U.S. Securities and Exchange Commission.
Europe: Harry Porter: +447776178609, This email address is being protected from spambots. You need JavaScript enabled to view it.
US: Marina Hoffmann Norville: +1 914-391-7395, This email address is being protected from spambots. You need JavaScript enabled to view it.
Amy Mast: +1 949-910-5290, This email address is being protected from spambots. You need JavaScript enabled to view it.
General: Press Office – This email address is being protected from spambots. You need JavaScript enabled to view it.
THORNTON, Colo.--(BUSINESS WIRE)--Ascent Solar Technologies, Inc. (NASDAQ: ASTI) today announced that its board of directors compensation committee has granted Paul Warley Jr., the company’s newly appointed chief financial officer, an inducement grant of restricted stock units (RSUs) for an aggregate of 700,000 shares of Ascent Solar’s common stock.
This RSU grant was agreed to as an inducement material to Mr. Warley entering into an employment agreement with Ascent Solar. The RSU grant was agreed to and granted in accordance with Nasdaq Listing Rule 5635(c)(4). Twenty percent (20%) of the RSUs are fully vested upon grant. The remaining eighty percent (80%) of the RSUs shall vest in equal monthly increments over the next thirty-six (36) months. Any outstanding and unvested RSUs will accelerate and fully vest upon the earlier of (i) a change of control and (ii) the termination of Mr. Warley’s employment for any reason other than (x) by Ascent Solar for cause or (y) by Mr. Warley without good reason.
The RSUs shall be settled in eight (8) equal increments on the last business day of each calendar quarter beginning with the initial settlement date of December 31, 2024. Notwithstanding the foregoing, any RSUs that are then outstanding and vested will accelerate and be settled upon the earlier of (i) a change of control and (ii) the termination of Mr. Warley’s employment for any reason other than (x) by Ascent Solar for cause or (y) by Mr. Warley without good reason. At the election of Ascent Solar or Mr. Warley prior to each settlement date, the RSUs shall be “net settled” and Ascent Solar shall retain such number of shares for sale on behalf of Mr. Warley at a price equal to the fair market value of the shares on the settlement date as will be sufficient for the payment of withholding tax liability to satisfy the obligation of Mr. Warley upon settlement of any RSUs.
About Ascent Solar Technologies, IncAbout Ascent Solar Technologies, Inc.
With 40 years of R&D, 15 years of manufacturing, numerous awards, and a comprehensive IP and patent portfolio, Ascent Solar is a leading provider of CIGS solar technology and manufacturer of innovative, high performance, flexible thin-film solar panels for both existing and emerging agrivoltaics, space and aerospace applications. Ascent Solar’s patented, monolithic integration process enables remarkable levels of flexibility, efficiency, durability and weight savings – revolutionizing the way solar power can be used in everyday life. Ascent Solar’s research and development center and 5-MW nameplate production facility are in Thornton, Colorado. To learn more, visit https://www.ascentsolar.com
Forward-Looking Statements
Statements in this press release that are not statements of historical or current fact constitute "forward-looking statements." Such forward-looking statements involve known and unknown risks, uncertainties and other unknown factors that could cause the company's actual operating results to be materially different from any historical results or from any future results expressed or implied by such forward-looking statements. In addition to statements that explicitly describe these risks and uncertainties, readers are urged to consider statements that contain terms such as "believes," "belief," "expects," "expect," "intends," "intend," "anticipate," "anticipates," "plans," "plan," to be uncertain and forward-looking. No information in this press release should be construed as any indication whatsoever of our future revenues, stock price, or results of operations. The forward-looking statements contained herein are also subject generally to other risks and uncertainties that are described from time to time in the company's filings with the Securities and Exchange Commission.
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "AI in Oil and Gas Market By Component, By Operation: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
According to this report the AI in oil and gas market was valued at $2.32 billion in 2021, and is estimated to reach $7.99 billion by 2031, growing at a CAGR of 13.5% from 2022 to 2031.
Artificial intelligence (AI) is a cutting-edge technology that aids in the improvement of production and business efficiency. Artificial intelligence in the oil and gas industry aids in improving oil and gas output through predictive maintenance and machinery inspection, quality control, dwelling, exploration, tank and reservoir monitoring, and other methods, as well as increasing profit in the oil and gas industry.
Artificial intelligence consists of a variety of tools such as machine learning, artificial neutral networks, fuzzy logic, and expert systems that aid in the transformation of data into useful information that can then be applied at various stages of the lifecycle's exploration and production.
The oil and gas industry is beginning to see the incredible impact that AI can have on every sector in the value chain. The opportunities for AI strike directly at the greatest challenges in today's oilfield. Companies that effectively leverage AI are expected to have a distinct advantage over other operators that lack accurate understanding of their reservoirs, operating processes, and producing assets.
Oil and gas continue to be one of the most valuable commodities in the energy industry. Oil and gas businesses have been focusing more on boosting efficiency and minimizing downtime in recent years, as their revenues have been reduced since 2014 owing to shift in oil prices. However, as worries about the environmental impact of energy production and use grow, oil and gas corporations are looking for new ways to meet their commercial objectives while decreasing their environmental impact.
Furthermore, according to the International Energy Agency (IEA), oil prices in OECD countries fell by 40.6 percent from March to April 2020, causing alarm among oil and gas companies. As a result, companies in the oil and gas industry are experimenting with new technologies to improve efficiency and revenue.
Corporations can design algorithms to guide drills on landmasses and ocean floors using AI in oil and gas operation. The AI in oil and gas market is segmented on the basis of component, type, operation and region. Based on component, it is segmented into solutions and services. Based on operation, the market is categorized into upstream, downstream, and midstream. Region wise, it is analyzed across North America, Europe, Asia-Pacific and LAMEA.
Key Benefits
Key Market Segments
By Component
By Operation
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/1zv6av
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
SCOTTSDALE, Ariz.--(BUSINESS WIRE)--Carlisle Companies Incorporated (NYSE:CSL) today announced a commitment to achieve Net-Zero greenhouse gas emissions across its entire value chain by 2050. Carlisle has proposed near-term greenhouse gas reduction targets through the Science Based Targets Initiative (SBTi). Setting near-term targets is the first step to setting a long-term net-zero target with SBTi. The methods and reduction scenarios Carlisle has adopted in the near-term targets are aligned with the SBTi Net-Zero Standard.
The SBTi is a partnership among the Carbon Disclosure Project, the United Nations Global Compact, the World Resources Institute, and the World Wide Fund for Nature. It focuses on partnering with companies to help guide emission reduction initiatives using science-based targets.
Chris Koch, Chair, President and Chief Executive Officer, said, “Our announcement today of Carlisle’s commitment to achieve Net-Zero by 2050 is another significant milestone on our ESG journey. We understand the path to Net-Zero cannot happen overnight, requires substantial effort from our supply chain partners, and will also depend on significant changes to global energy infrastructure.
We continue our commitment to being a responsible environmental stakeholder, as we have for over 100 years, by delivering products that improve the energy efficiency of buildings, while reducing emissions from our manufacturing facilities and reducing the volume of construction materials in landfills. With Carlisle’s employees engaged and momentum growing, we are confident Carlisle can make a meaningful contribution to creating a more sustainable future for us all.”
Forward -Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements of future ambitions, projections, goals, events or plans to reduce emissions and emissions intensity, expectations, estimates, and business plans. Actual future results, including reaching Scope 1, Scope 2 and Scope 3 Net-Zero by 2050 could vary depending on our ability to execute operational objectives on a timely basis, changes in laws and regulations, including those laws and regulations regarding greenhouse gas emissions, industry development of applicable technology, availability on a commercially competitive basis of emission-reducing feedstocks and raw materials, the accuracy of third-party science-based models and targets, the availability of sufficient data, the quality of the data and methodology used for measurement and estimation, changes to the performance data and/or emission methodologies, changes in supply and demand and other market factors affecting global energy infrastructure, the plans and actions of our suppliers and customers, changes in transportation and distribution, and other factors disclosed in this press release. Any forward-looking statement speaks only as of the date on which that statement is made, unless otherwise required by law. New factors emerge from time to time and it is not possible for management to predict all of those factors, nor can it assess the impact of each of those factors on the business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement.
About Carlisle Companies Incorporated
Carlisle Companies Incorporated is a leading supplier of innovative Building Envelope products and energy-efficient solutions for customers creating sustainable buildings of the future. Through its building products businesses (CCM and CWT) and family of leading brands, Carlisle delivers innovative, labor-reducing and environmentally responsible products and solutions to customers through the Carlisle Experience. Over the life of a building, Carlisle’s products help drive lower greenhouse gas emissions, improve energy savings for building owners and operators, and increase a building’s resiliency to the elements. Driven by its strategic plan, Vision 2025, Carlisle is committed to generating superior shareholder returns and maintaining a balanced capital deployment approach, including investments in our businesses, strategic acquisitions, share repurchases and continued dividend increases. Carlisle also is a leading provider of products to the Aerospace, Medical Technologies and General Industrial markets through its Interconnect Technologies (CIT) and Fluid Technologies (CFT) business segments.
Vice President of Investor Relations
Carlisle Companies Incorporated
(480) 781-5135
This email address is being protected from spambots. You need JavaScript enabled to view it.
Jim Giannakouros, CFA
DUBLIN--(BUSINESS WIRE)--The "Gas Engine Market By Fuel Type, By Power Output, By Application, By End Use: Global Opportunity Analysis and Industry Forecast, 2021-2031" report has been added to ResearchAndMarkets.com's offering.
The global gas engines market size was valued at $4.2 billion in 2021, and projected to reach $6.0 billion by 2031, with a CAGR of 3.8% from 2022 to 2031.
A gas engine is a reciprocating internal combustion engine, which primarily runs on natural gas and other special gas such as shale gas, mine gas, biogas, landfill gas, sewage gas, and syngas. These engines generally achieve more than 90% efficiency due to their high electrical and thermal efficiency, low operating and service costs, and high reliability.
They are used for various applications including power generation, cogeneration, mechanical drive, and tri-generation applications, such as district heating schemes, hospitals, universities, or industrial plants.
The construction of new power plants and transmission lines requires massive investment and high maintenance. Most of the government companies prefer to offer cost-effective ways to fulfill electricity demand. According to the World Energy Council (WEC), the global electricity demand is expected to double by 2050.
The rise in demand for integrating natural gas in electricity generation mix and improving natural gas associated infrastructure will have positive impact on the market. Gas engines based distributed power generation is fast emerging as an economical solution for government companies which is projected to drive the growth of the market.
Caterpillar Inc. and MAN SE are offering low pollutions engines with fuel type natural gas having ultimate reliability and the highest energy efficiency. Natural gas based engines deliver better functioning than coal plants because they can be turned up and down rapidly. For instance, according to the International Energy Agency (IEA), the total fossil fuel supply is expected to be 80% by 2040, making natural gas based engines the most preferred fuel in the future.
Key Benefits
Key Market Segments
By Fuel Type
By Power Output
By Application
By End Use
By Region
Key Market Players
For more information about this report visit https://www.researchandmarkets.com/r/9hlkgl
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
This email address is being protected from spambots. You need JavaScript enabled to view it.
For E.S.T Office Hours Call 1-917-300-0470
For U.S./ CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
DALLAS--(BUSINESS WIRE)--Flowserve Corporation (NYSE: FLS), a leading provider of flow control products and services for the global infrastructure markets, announced that its Board of Directors has authorized a quarterly cash dividend of $0.20 per share on the company's outstanding shares of common stock.
The dividend is payable on January 13, 2023, to shareholders of record as of the close of business on December 30, 2022.
While Flowserve currently intends to pay regular quarterly cash dividends for the foreseeable future, any future dividends, at this $0.20 per share rate or otherwise, will be reviewed individually and declared by the Board at its discretion.
About Flowserve: Flowserve Corp. is one of the world’s leading providers of fluid motion and control products and services. Operating in more than 55 countries, the company produces engineered and industrial pumps, seals and valves as well as a range of related flow management services. More information about Flowserve can be obtained by visiting the company’s Web site at www.flowserve.com.
Safe Harbor Statement: This news release includes 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, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as, "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition
The forward-looking statements included in this news release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the following: the impact of the global outbreak of COVID-19 on our business and operations; a portion of our bookings may not lead to completed sales, and our ability to convert bookings into revenues at acceptable profit margins; changes in global economic conditions and the potential for unexpected cancellations or delays of customer orders in our reported backlog; our dependence on our customers’ ability to make required capital investment and maintenance expenditures; if we are not able to successfully execute and realize the expected financial benefits from our strategic transformation and realignment initiatives, our business could be adversely affected; risks associated with cost overruns on fixed-fee projects and in taking customer orders for large complex custom engineered products; the substantial dependence of our sales on the success of the oil and gas, chemical, power generation and water management industries; the adverse impact of volatile raw materials prices on our products and operating margins; economic, political and other risks associated with our international operations, including military actions, trade embargoes, epidemics or pandemics or changes to tariffs or trade agreements that could affect customer markets, particularly North African, Russian and Middle Eastern markets and global oil and gas producers, and non-compliance with U.S. export/re-export control, foreign corrupt practice laws, economic sanctions and import laws and regulations; increased aging and slower collection of receivables, particularly in Latin America and other emerging markets; our exposure to fluctuations in foreign currency exchange rates, including in hyperinflationary countries such as Venezuela and Argentina; our furnishing of products and services to nuclear power plant facilities and other critical processes; potential adverse consequences resulting from litigation to which we are a party, such as litigation involving asbestos-containing material claims; expectations regarding acquisitions and the integration of acquired businesses; our relative geographical profitability and its impact on our utilization of deferred tax assets, including foreign tax credits; the potential adverse impact of an impairment in the carrying value of goodwill or other intangible assets; our dependence upon third-party suppliers whose failure to perform timely could adversely affect our business operations; the highly competitive nature of the markets in which we operate; environmental compliance costs and liabilities; potential work stoppages and other labor matters; access to public and private sources of debt financing; our inability to protect our intellectual property in the U.S., as well as in foreign countries; obligations under our defined benefit pension plans; our internal control over financial reporting may not prevent or detect misstatements because of its inherent limitations, including the possibility of human error, the circumvention or overriding of controls, or fraud; the recording of increased deferred tax asset valuation allowances in the future or the impact of tax law changes on such deferred tax assets could affect our operating results; our information technology infrastructure could be subject to service interruptions, data corruption, cyber-based attacks or network security breaches, which could disrupt our business operations and result in the loss of critical and confidential information; ineffective internal controls could impact the accuracy and timely reporting of our business and financial results; and other factors described from time to time in our filings with the Securities and Exchange Commission.
All forward-looking statements included in this news release are based on information available to us on the date hereof, and we assume no obligation to update any forward-looking statement.
Flowserve Contacts
Investor Contacts:
Jay Roueche, Vice President, Treasurer and Investor Relations, (972) 443-6560
Mike Mullin, Director, Investor Relations, (972) 443-6636
NEW YORK--(BUSINESS WIRE)--Stonepeak Partners LP (together with its affiliates, “Stonepeak”), a leading alternative investment firm specializing in infrastructure and real assets, today announced that it has entered into an agreement to acquire a 50 percent interest in KAPS, a Canadian natural gas liquids (“NGL”) pipeline system connecting Northwest Alberta to energy hubs in Edmonton and Fort Saskatchewan. Keyera Corp. (TSX: KEY) will continue to own the remaining 50 percent of KAPS and operate the asset.
KAPS is an approximately 560 kilometer dual pipeline system linking Montney and Duvernay production in Western Canada to Keyera’s fractionation and logistics assets in Fort Saskatchewan. The system is anchored by secure, long-term, take-or-pay revenues with a broad customer base that includes meaningful commitments from investment grade counterparties. It also has the ability to expand to include additional pump stations in a cost-effective manner should the basin require additional capacity.
KAPS’ infrastructure is well-positioned to support decarbonization and global energy security goals by supporting the ongoing global displacement of coal by natural gas. Stonepeak believes this will be particularly impactful as the liquified natural gas (“LNG”) corridor from Western Canada to Asia continues to expand in the near-term. KAPS provides a competitive transportation alternative that allows producers to grow their natural gas production in advance of additional LNG in-service both in Western Canada and the U.S. Gulf Coast. The project strengthens the economic viability of Western Canadian LNG facilities, whose product reaches Asian markets with approximately 30 percent reduced shipping emissions relative to U.S. Gulf Coast originated routes. Additionally, KAPS has the ability to help diminish emissions output on a local level as their transportation of NGLs by pipeline reduces the emissions intensity from products that would otherwise be moved by truck.
“We believe that North American hydrocarbons, particularly natural gas, will continue to be an important component of the global energy mix for the foreseeable future, especially as efforts to decarbonize East Asia continue – natural gas production growth in Western Canada will play a critical role in those efforts,” said Anthony Borreca, Senior Managing Director at Stonepeak. “In our view, this makes KAPS a strong fit for Stonepeak’s opportunities strategy. We look forward to working closely with Keyera and the KAPS team as a trusted partner who is committed to the responsible ownership of traditional hydrocarbon infrastructure that plays a critical role in the global energy transition.”
Similar to Stonepeak’s approach to responsibly stewarding critical infrastructure assets, Keyera is committed to responsible ownership and the implementation of ESG initiatives within its business. Keyera has committed to reducing its greenhouse gas intensity by 25 percent by 2025 and 50 percent by 2035 by decarbonizing its current base operations and pursuing energy transition investment opportunities leveraging the existing asset base, core competencies, and strong customer relationships.
The transaction is subject to regulatory approvals and is expected to close in the first quarter of 2023.
Goldman Sachs & Co. LLC, MUFG Bank Ltd., and Mizuho Securities USA LLC are serving as financial advisors to Stonepeak. Sidley Austin LLP and Stikeman Elliott LLP are serving as legal counsel.
About Stonepeak
Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $51.7 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy transition, transport and logistics, and social infrastructure. Stonepeak is headquartered in New York with offices in Austin, Hong Kong, Houston, London, and Sydney. For more information, please visit www.stonepeak.com.
Kate Beers
(646) 540-5225
This email address is being protected from spambots. You need JavaScript enabled to view it.
PLANO, Texas & SEATTLE, Washington--(BUSINESS WIRE)--#blueoil--Denbury Inc. (NYSE: DEN) (“Denbury”) and Weyerhaeuser Company (NYSE: WY) (“Weyerhaeuser”) today announced an agreement for the evaluation and potential development of a CO2 sequestration site in Mississippi. The lease agreement provides Denbury with the exclusive right to develop and operate approximately 16,000 acres of subsurface pore space owned by Weyerhaeuser in Simpson and Copiah Counties in Mississippi. The site is located directly adjacent to Denbury’s NEJD Pipeline in Mississippi, approximately 35 miles south of the company’s Jackson Dome field. Denbury is planning to utilize the site to permanently sequester industrial CO2 in secure underground geologic formations. Weyerhaeuser will continue to manage the timberland acreage as a sustainable working forest.
Denbury estimates the site will have total sequestration capacity of approximately 275 million metric tons of CO2. The site represents Denbury’s first planned CO2 sequestration location in Mississippi, expanding its storage portfolio that already includes sites along the U.S. Gulf Coast in Alabama, Louisiana, and Texas. Denbury intends to drill a stratigraphic test well on the site in 2023 to support the Company’s geologic interpretation and progress Class VI permitting with the EPA.
Nik Wood, Denbury’s Senior Vice President, CCUS, commented, “Our agreement with Weyerhaeuser is a significant step in building out the Gulf Coast’s leading CO2 transportation and sequestration network. The location of this Mississippi site, directly adjacent to our existing pipeline network, provides for a very efficient development and increases the overall flexibility and capacity of our operations. We now have the pathways to move industrial-sourced CO2 from the Mississippi River Industrial corridor north on our NEJD pipeline, west on our Green Pipeline, and east to our previously announced planned storage in southeast Louisiana. We look forward to working with Weyerhaeuser as we develop the safest, most reliable and efficient CO2 transportation and storage system in the Gulf Coast.”
The lease agreement demonstrates Weyerhaeuser’s continued progress on its previously announced plan to grow its Natural Climate Solutions business, including through carbon capture and sequestration (CCS), forest carbon offsets, renewable energy development, mitigation solutions and conservation. Weyerhaeuser has identified multiple locations for potential sequestration projects across a portion of its 7-million-acre footprint in the U.S. South using proprietary geological data covering its lands.
Russell Hagen, Weyerhaeuser’s Senior Vice President and Chief Development Officer, commented, “This agreement represents another important milestone in the growth of our CCS business, and it supports our broader commitment to sustainability and providing natural climate solutions across our land base. We are excited to partner on this project with Denbury and unlock the option value created when combining our uniquely positioned acreage and subsurface ownership with high-quality developers of CCS projects in the Gulf South.”
ABOUT DENBURY
Denbury is an independent energy company with operations and assets focused on Carbon Capture, Use and Storage (CCUS) and Enhanced Oil Recovery (EOR) in the Gulf Coast and Rocky Mountain regions. For over two decades, the Company has maintained a unique strategic focus on utilizing CO2 in its EOR operations and since 2012 has also been active in CCUS through the injection of captured industrial-sourced CO2. The Company currently injects over four million tons of captured industrial-sourced CO2 annually, with an objective to fully offset its Scope 1, 2, and 3 CO2 emissions by 2030, primarily through increasing the amount of captured industrial-sourced CO2 used in its operations. For more information about Denbury, visit www.denbury.com.
The Denbury Carbon Solutions team was formed in January 2020 to advance Denbury’s leadership in the anticipated high-growth CCUS industry, leveraging Denbury’s unique capabilities and assets that were developed over the last 20-plus years through its focus on CO2 EOR.
Follow Denbury on Twitter and LinkedIn.
ABOUT WEYERHAEUSER
Weyerhaeuser Company, one of the world's largest private owners of timberlands, began operations in 1900. We own or control approximately 11 million acres of timberlands in the U.S. and manage additional timberlands under long-term licenses in Canada. We manage these timberlands on a sustainable basis in compliance with internationally recognized forestry standards. We are also one of the largest manufacturers of wood products in North America. Our company is a real estate investment trust. In 2021, we generated $10.2 billion in net sales and employed approximately 9,200 people who serve customers worldwide. Our common stock trades on the New York Stock Exchange under the symbol WY. Learn more at www.weyerhaeuser.com
FORWARD-LOOKING STATEMENTS
This press release contains forward-looking statements as to the timing of the first stratigraphic test well and as to the estimated potential pore space for permanent CO2 sequestration that involve risks and uncertainties, including the timing and availability of CO2 to be sequestered, Denbury’s successful preparation and testing of the site for permanent CO2 sequestration and obtaining Class VI permits required for permanent CO2 sequestration. These statements are based on engineering, geological, financial and operating assumptions that Denbury believes are reasonable based on currently available information; however, their achievement are subject to a wide range of business risks, and there is no assurance that these goals and projections can or will be met. Actual results may vary materially. In addition, any forward-looking statements represent Denbury’s estimates only as of today and should not be relied upon as representing its estimates as of any future date. Denbury assumes no obligation to update these forward-looking statements.
This press release also contains forward-looking statements concerning Weyerhaeuser Company and its subsidiaries (“Weyerhaeuser”) including, but not limited to, with respect to Weyerhaeuser’s plans to grow its natural climate solutions business and the potential for multiple carbon sequestration projects on locations throughout its land ownership. Forward-looking statements can be identified by the fact that they do not relate strictly to historical or current facts. These forward-looking statements are based on Weyerhaeuser’s current expectations and assumptions and are not guarantees of future events or performance. The realization of Weyerhaeuser’s expectations and the accuracy of its assumptions are subject to a number of risks and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include, but are not limited to, those described in Weyerhaeuser Company’s 2021 Annual Report on Form 10-K, as well as those set forth from time to time in its other public statements, reports, registration statements, prospectuses, information statements and other filings with the SEC. It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of Weyerhaeuser’s forward-looking statements and, consequently, its descriptions of such risks and uncertainties should not be considered exhaustive. There is no guarantee that any of the events anticipated by these forward-looking statements will occur, and if any of the events do occur, there is no guarantee what effect they will have on Weyerhaeuser’s business, results of operations, cash flows, financial condition and future prospects. Forward-looking statements speak only as of the date they are made, and Weyerhaeuser undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise. It is not possible to predict or identify all risks and uncertainties that might affect the accuracy of Weyerhaeuser’s forward-looking statements and, consequently, its descriptions of such risks and uncertainties should not be considered exhaustive. There is no guarantee that any of the events anticipated by these forward-looking statements will occur, and if any of the events do occur, there is no guarantee what effect they will have on Weyerhaeuser’s business, results of operations, cash flows, financial condition and future prospects. Forward-looking statements speak only as of the date they are made, and Weyerhaeuser undertakes no obligation to publicly update or revise any forward-looking statements, whether because of new information, future events, or otherwise.
DENBURY CONTACTS:
Brad Whitmarsh, 972.673.2020, This email address is being protected from spambots. You need JavaScript enabled to view it.
Beth Bierhaus, 972.673.2554, This email address is being protected from spambots. You need JavaScript enabled to view it.
WEYERHAEUSER CONTACTS:
Media - Nancy Thompson, 919.861.0342, This email address is being protected from spambots. You need JavaScript enabled to view it.
Investor Relations - Andy Taylor, 206.539.3907, This email address is being protected from spambots. You need JavaScript enabled to view it.
CALGARY, Alberta--(BUSINESS WIRE)--Imperial Oil Limited (TSE: IMO, NYSE American: IMO) announced today the preliminary results of its substantial issuer bid (the “Offer”), pursuant to which Imperial offered to purchase for cancellation up to $1.5 billion of its common shares (the “Shares”). The Offer proceeded by way of a modified Dutch auction, which had a tender price range from $72.50 per Share to $87.00 per Share, and included the option for shareholders to participate via a proportionate tender. The Offer expired at 5:00 p.m. (Calgary time) on December 9, 2022. All amounts are in Canadian dollars.
In accordance with the terms and conditions of the Offer and based on the preliminary calculation of Computershare Investor Services Inc., as depositary for the Offer (the “Depositary”), Imperial expects to take up and pay for 20,689,655 Shares at a price of $72.50 per Share under the Offer (the “Purchase Price”), representing an aggregate purchase of approximately $1.5 billion and 3.4 percent of the total number of Imperial’s issued and outstanding Shares as of the close of business on October 31, 2022. Immediately following completion of the Offer, Imperial anticipates that 584,152,718 Shares will be issued and outstanding.
14,027,904 Shares were validly tendered and not withdrawn pursuant to auction tenders at or below the Purchase Price and pursuant to purchase price tenders. Since the Offer was oversubscribed, shareholders who made auction tenders at or below the Purchase Price and shareholders who made, or were deemed to have made, purchase price tenders will have the number of Shares purchased prorated following the determination of the final results of the Offer (other than “odd lot” tenders, which are not subject to proration). Imperial currently expects that shareholders who made auction tenders at or below the Purchase Price and shareholders who made, or were deemed to have made, purchase price tenders will have approximately 45 percent of their tendered Shares purchased by Imperial. Shareholders who made auction tenders at a price in excess of the Purchase Price should not expect to have any of their Shares purchased by Imperial. 14,400,145 Shares are anticipated to be taken up and purchased pursuant to proportionate tenders.
Exxon Mobil Corporation, Imperial’s majority shareholder, made a proportionate tender under the Offer and will maintain its proportionate Share ownership at approximately 69.6 percent following completion of the Offer.
The number of Shares to be purchased, the proration factor and the Purchase Price referred to above are preliminary, remain subject to verification by the Depositary and assume that all Shares tendered through notice of guaranteed delivery will be delivered within the two trading-day settlement period. Upon take-up and payment of the Shares purchased, Imperial will issue a press release disclosing the final results, including the final proration factor, the final Purchase Price, the estimated paid-up capital per Share and the “specified amount” for purposes of the Income Tax Act (Canada).
Promptly after such press release, payment for the Shares accepted for purchase will be made in accordance with the terms of the Offer and applicable law, and the Depositary will return all other Shares tendered and not purchased.
The full details of the Offer are described in the offer to purchase and issuer bid circular dated November 4, 2022, as well as the related letter of transmittal and notice of guaranteed delivery, copies of which were filed and are available on SEDAR at www.sedar.com and on EDGAR at www.sec.gov.
This news release is for informational purposes only and does not constitute an offer to buy or the solicitation of an offer to sell Shares.
Imperial is one of Canada’s largest integrated oil companies. It is active in all phases of the petroleum industry in Canada, including the exploration for, and production and sale of, crude oil and natural gas. In Canada, it is a major producer of crude oil, the largest petroleum refiner and a leading marketer of petroleum products. It is also a major producer of petrochemicals. The company’s operations are conducted in three main segments: Upstream, Downstream and Chemical.
Cautionary statement: Statements of future events or conditions in this release, including projections, expectations and estimates are forward-looking statements. Forward-looking statements can be identified by words such as believe, anticipate, intend, propose, plan, expect, future, continue, likely, may, should, will and similar references to future periods. Forward-looking statements in this release include, but are not limited to, references to the number of shares, the Purchase Price and the aggregate amount Imperial expects to pay on take up and payment of tendered shares in connection with the Offer; the number of Shares issued and outstanding following completion of the Offer; the anticipated proration due to oversubscription; expectations for shareholders who have made auction tenders at a price in excess of the Purchase Price; the number of Shares to be taken up and paid for pursuant to proportionate tenders; ExxonMobil’s anticipated holdings following completion of the Offer; further communication regarding completion of the Offer; the payment for Shares in accordance with the Offer; and the return of Shares not purchased.
Forward-looking statements are based on the company's current expectations, estimates, projections and assumptions at the time the statements are made. Actual results, including expectations and assumptions concerning shares tendered through notice of guaranteed delivery will be delivered, the assumption that the conditions to completion of the Offer will be satisfied or waived, could differ materially depending on a number of factors. These factors include those discussed in Item 1A risk factors and Item 7 management’s discussion and analysis of financial condition and results of operations of Imperial Oil Limited’s most recent annual report on Form 10-K and subsequent interim reports on Form 10-Q.
Forward-looking statements are not guarantees of future performance and involve a number of risks and uncertainties, some that are similar to other oil and gas companies and some that are unique to Imperial Oil Limited. Imperial’s actual results may differ materially from those expressed or implied by its forward-looking statements and readers are cautioned not to place undue reliance on them. Imperial undertakes no obligation to update any forward-looking statements contained herein, except as required by applicable law.
Source: Imperial
After more than a century, Imperial continues to be an industry leader in applying technology and innovation to responsibly develop Canada’s energy resources. As Canada’s largest petroleum refiner, a major producer of crude oil, a key petrochemical producer and a leading fuels marketer from coast to coast, our company remains committed to high standards across all areas of our business.
Investor Relations
(587) 476-4743
Media Relations
(587) 476-7010
NEW YORK--(BUSINESS WIRE)--New Fortress Energy Inc. (NASDAQ: NFE) (“NFE” or the “Company”) announced today that its Board of Directors (the “Board”) has approved an update to NFE’s dividend policy following a comprehensive evaluation. This update is part of NFE’s plan to return significant capital to its shareholders while continuing to fund substantial growth.
The dividend policy is being updated with a goal to provide a clear go-forward framework to NFE’s shareholders. Effective immediately, NFE is targeting an annual cash dividend equal to approximately 40% of its annual Adjusted EBITDA. In connection with adopting this dividend policy, the Board today declared a dividend of $3.00 per share, with a record date of January 4, 2023, and a payment date of January 13, 2023.
The dividend declared today, on an annualized basis, equates to approximately 40% of NFE’s Illustrative Adjusted EBITDA Goal of $2.5+ billion for FY2023. The Board will evaluate whether to declare a dividend every six months.
“Our business is now generating significant, stable, and growing cash, which we believe affords us the ability to both retain capital necessary to grow and return excess capital to shareholders in the form of meaningful dividends,” said Wes Edens, Chairman and CEO of NFE. “We are fortunate to have a strong balance sheet and the liquidity we believe is necessary to execute our strategy and achieve our goals, matching long-term LNG supply with long-term power demand around the world.”
NFE expects to generate more than $11 billion of additional liquidity over the next three years, which it plans to use primarily to facilitate accretive investments, including investments in floating LNG facilities and downstream capital expenditures, and to pay significant dividends to shareholders.
In addition to these priorities, other objectives of the dividend policy announced today include maintaining a strong and durable balance sheet, reducing our leverage ratio to below 1.0x by year-end 2025, allowing the Company to initiate a share buyback program, and achieving and maintaining an investment grade rating.
“Over the years, we have found that the best companies are extremely disciplined about their use of capital and return to their shareholders the amounts they do not need,” continued Mr. Edens. “We believe the policy we are announcing today will promote the continued growth and success of our business while allowing us to exercise proper stewardship of our capital.”
The payment of future dividends under the dividend policy being announced today will be made at the discretion of the Board and will be subject to the Board’s final determination based on a number of factors, including, but not limited to, the Company’s financial performance, its available cash resources, the terms of its indebtedness, its cash requirements, credit rating impacts, alternative uses of cash that the Board may conclude would represent an opportunity to generate a greater return on investment for the Company, restrictions and other factors the Board deems relevant at the time it determines to declare such dividends, and under applicable law. The dividend policy may be revised, suspended, or cancelled at the discretion of the Board at any time.
Conference Call
Management will host a conference call on Tuesday, December 13, 2022, at 8:00 A.M. Eastern Time. The conference call may be accessed by dialing (888) 254-3590 (toll free from within the U.S.) or +1-323-994-2093 (from outside of the U.S.) fifteen minutes prior to the scheduled start of the call; please reference “NFE Investor Update” or conference code 5194206.
A simultaneous webcast of the conference call will be available to the public on a listen-only basis at www.newfortressenergy.com within the “Investors” tab under “Events & Presentations.” Please allow extra time prior to the call to visit the website and download any necessary software required to listen to the internet broadcast. A replay of the conference call will be available at the same website location shortly after the conclusion of the live call.
Additional Information
For additional information that management believes to be useful for investors, please refer to the presentation posted on the Investors section of New Fortress Energy’s website, www.newfortressenergy.com, and the Company’s most recent SEC filings, also available on the Company’s website. Nothing on our website is included or incorporated by reference herein.
# # #
About New Fortress Energy
New Fortress Energy Inc. (NASDAQ: NFE) is a global energy infrastructure company founded to help address energy poverty and accelerate the world’s transition to reliable, affordable, and clean energy. The company owns and operates natural gas and liquefied natural gas (LNG) infrastructure, ships and logistics assets to rapidly deliver turnkey energy solutions to global markets. Collectively, the company’s assets and operations seek to support global energy security, enable economic growth, enhance environmental stewardship, and transform local industries and communities around the world.
Cautionary Language Regarding Forward-Looking Statements
This communication contains certain statements and information that may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as “expects,” “may,” “will,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of those words or other comparable words. Forward looking statements include: generating more than $11 billion of additional liquidity over the next three years and expected uses; objectives of our dividend policy and business plan, including maintaining a strong and durable balance sheet, reducing our leverage ratio to below 1.0x by 2025, potentially initiating a share buyback program, and achieving and maintaining an investment grade rating; and that the plan will support the continued growth and success of the business while allowing the Company to exercise proper stewardship of capital. These forward-looking statements represent the Company’s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved.
These forward-looking statements are necessarily estimates based upon current information and are subject to risks, uncertainties and other factors, many of which are outside of the Company’s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: risks related to the implementation of our mission and business strategy; adverse regional, national, or international economic conditions, adverse capital market conditions and adverse political developments; and the impact of public health crises, such as pandemics (including coronavirus (COVID-19)) and epidemics and any related company or government policies and actions to protect the health and safety of individuals or government policies or actions to maintain the functioning of national or global economies and markets. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE’s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.
Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements, even though our situation may change in the future.
Investors
Patrick Hughes
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media
Jake Suski
+1 (516) 268-7403
This email address is being protected from spambots. You need JavaScript enabled to view it.
HOUSTON--(BUSINESS WIRE)--Cheniere Energy, Inc. (“Cheniere”) (NYSE American: LNG) announced today the expiration of its cash tender offer to purchase any and all of the $1.25 billion aggregate principal amount of the outstanding 7.000% Senior Secured Notes due 2024 (the “Notes”) issued by Cheniere Corpus Christi Holdings, LLC (“CCH”).
The tender offer described herein was made on the terms and conditions set forth in the Offer to Purchase, dated December 5, 2022 (the “Offer to Purchase”) and the related Notice of Guaranteed Delivery. Capitalized terms used but not defined in this announcement have the meanings given to them in the Offer to Purchase.
The Offer to Purchase expired at 5:00 p.m., New York City time, on December 9, 2022 (the “Expiration Date”). The settlement date for the Offer will be December 14, 2022 (the “Settlement Date”).
According to information provided by D.F. King & Co., Inc., $752,330,000 aggregate principal amount of the Notes were validly tendered prior to or at the Expiration Date and not validly withdrawn. In addition, $1,524,000 aggregate principal amount of the Notes were tendered pursuant to the guaranteed delivery procedures set forth in the Offer to Purchase (the “Guaranteed Delivery Procedures”) and remain subject to the Holders’ performance of the delivery requirements under such procedures. The table below provides certain information about the tender offer, including the aggregate principal amount of the Notes validly tendered and not validly withdrawn prior to the Expiration Date and the aggregate principal amount of Notes reflected in Notices of Guaranteed Delivery delivered at or prior to the Expiration Date.
Overall, Cheniere plans to accept for purchase $752,330,000 combined aggregate principal amount of Notes under the tender offer (excluding Notes delivered pursuant to the Guaranteed Delivery Procedures).
Series of
|
CUSIP
|
Aggregate
|
Aggregate
|
Aggregate Principal Amount
|
Principal Amount
|
7.000% Senior
|
16412X AD7,
|
$1,250,000,000 |
$752,330,000 |
$752,330,000 |
$1,524,000 |
(1) The issuer of the Notes is CCH, which is a wholly-owned subsidiary of Cheniere.
(2) The amounts exclude the principal amount of Notes for which Holders have complied with certain procedures applicable to guaranteed delivery pursuant to the Guaranteed Delivery Procedures. Such amounts remain subject to the Guaranteed Delivery Procedures. Notes tendered pursuant to the Guaranteed Delivery Procedures are required to be tendered at or prior to 5:00 p.m., New York City time, on December 13, 2022.
Holders of Notes must validly tender and not validly withdraw their Notes, or submit a Notice of Guaranteed Delivery and comply with the related procedures, prior to the Expiration Date in order to be eligible to receive the Consideration for each $1,000 principal amount of the Notes in cash on the Settlement Date. In addition to the Consideration, Holders whose Notes are accepted for purchase will receive a cash payment representing the accrued and unpaid interest on such Notes from the last interest payment date up to, but not including, the Settlement Date. Interest will cease to accrue on the Settlement Date for all accepted Notes, including those tendered through the Guaranteed Delivery Procedures.
For holders who delivered a Notice of Guaranteed Delivery and all other required documentation at or prior to the Expiration Date, upon the terms and subject to the conditions set forth in the Offer to Purchase and Notice of Guaranteed Delivery, the deadline to validly tender Notes using the Guaranteed Delivery Procedures will be 5:00 p.m., New York City time, on December 13, 2022.
Cheniere has retained BofA Securities to act as the dealer manager and D.F. King & Co., Inc. to act as the tender and information agent for the tender offer. For additional information regarding the terms of the tender offer, please contact BofA Securities at (980) 388 3646, (888) 292 0070, or This email address is being protected from spambots. You need JavaScript enabled to view it.. Requests for copies of the Offer to Purchase and questions regarding the tendering of Notes may be directed to D.F. King & Co., Inc. at (212) 269-5550 (for banks and brokers) or (888) 280-6942 (all others, toll-free) or email This email address is being protected from spambots. You need JavaScript enabled to view it.. The Offer to Purchase, and the related Notice of Guaranteed Delivery can be accessed at the following link: www.dfking.com/cheniere.
This press release is for informational purposes only and does not constitute an offer to purchase securities or a solicitation of an offer to sell any securities or an offer to sell or the solicitation of an offer to purchase any securities nor does it constitute an offer or solicitation in any jurisdiction in which such offer or solicitation is unlawful.
None of Cheniere, the tender and information agent, the dealer manager or the trustee (nor any of their respective directors, officers, employees or affiliates) makes any recommendation as to whether holders should tender their Notes pursuant to the tender offer, and no one has been authorized by any of them to make such a recommendation. Holders must make their own decisions as to whether to tender their Notes, and, if so, the principal amount of Notes to tender.
Forward-Looking Statements
This press release contains certain statements that may include “forward-looking statements” within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are “forward-looking statements.” Included among “forward-looking statements” are, among other things, statements regarding Cheniere’s business strategy, plans and objectives, including statements regarding the intended conduct, timing and terms of the tender offer, related financing plans and any future actions by Cheniere in respect of the Notes. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
Cheniere Contacts
Investors
Randy Bhatia 713-375-5479
Frances Smith 713-375-5753
Media Relations
Eben Burnham-Snyder 713-375-5764
Phil West 713-375-5586
KUALA LUMPUR, Malaysia--(BUSINESS WIRE)--PETRONAS has recently inked a Memorandum of Understanding (MoU) with global technology and software company Emerson (NYSE:EMR) to drive digital transformation and decarbonization initiatives.
The two companies are building on their decades-long relationship to develop advanced automation solutions. Over the past few years, Emerson has been collaborating with PETRONAS to identify digitalization and decarbonization opportunities while localizing a services and solutions portfolio.
The agreement was signed between PETRONAS Head of Group Technical Solutions (GTS), Project Delivery and Technology (PD&T), M Iskandar Bakeri and Emerson Vice President and General Manager of Automation Solutions (Malaysia), Khairil Affandi Akhiruddin. PETRONAS Head (Engineering), GTS, PD&T, Badrul Hisham Ibrahim together with Emerson Director of Marketing (Asia Pacific), Robert Halgren witnessed the signing.
Iskandar said, "Emerson has a comprehensive portfolio of industry expertise and a network of global industry centers. Through this collaboration, we look forward to enhancing our remote operation capability and strengthening our cybersecurity, while at the same time accelerating our carbon footprint reduction and improving asset efficiency and operational excellence.”
The agreement will pave the way for PETRONAS and Emerson to collaborate on extracting Highway Addressable Remote Transducer (HART) diagnostic data from field instrument and control systems, developing effective predictive analytics and optimizing wireless instrument performance. These are used in process control applications and in the implementation of cybersecurity improvements to strengthen threat monitoring capabilities, achieve higher security level compliance as well as develop measurement and automation solutions to support sustainability and decarbonization initiatives focusing on carbon capture, utilization and storage (CCUS), hydrogen and ammonia.
Commenting on the latest collaboration, Khairil Affandi said, “We are very grateful for our ongoing collaboration with PETRONAS. This agreement will further strengthen our synergy on sustainability and digital transformation – key priorities for both organizations.”
PETRONAS is progressively pursuing its goal to achieve Net Zero Carbon Emissions (NZCE) by 2050 with focused efforts in place to decarbonize its operations through innovative solutions, especially on cleaner energy options, and operational excellence that reduces carbon footprints.
About Petroliam Nasional Berhad
We are a dynamic global energy group with presence in over 50 countries. We produce and deliver energy and solutions that power society’s progress in a responsible and sustainable manner.
We seek energy potential across the globe, optimizing value through our integrated business model. Our portfolio includes cleaner conventional and renewable resources and a ready range of advanced products and adaptive solutions.
Sustainability is at the core of what we do as we harness the good in energy to elevate and enrich lives. People are our strength and partners for growth, driving our passion for innovation to progress towards the future of energy sustainability.
About Emerson
Emerson (NYSE: EMR) is a global technology and software company providing innovative solutions for the world’s essential industries. Through its leading automation portfolio, including its majority stake in AspenTech, Emerson helps hybrid, process and discrete manufacturers optimize operations, protect personnel, reduce emissions and achieve their sustainability goals. For more information, visit Emerson.com.
Additional resources:
For Emerson
Taufik Atman : +60 19 669 9579 | This email address is being protected from spambots. You need JavaScript enabled to view it.
Denise Clarke : +1 512 587 5879 | This email address is being protected from spambots. You need JavaScript enabled to view it.
AUSTIN, Texas--(BUSINESS WIRE)--SeekOps Inc., a global leader in providing best-in-class sensors and actionable analytics to support both traditional and renewable energy sectors in their decarbonization efforts, today announced the addition of David Cox to their advisory board.
“It is my pleasure to welcome David to our advisory board,” said Iain Cooper, President and CEO of SeekOps. “David’s insights will greatly aid SeekOps’ long term growth into the renewable natural gas and landfill markets as we scale our operations globally. His deep understanding of the complex and rapidly evolving regulatory environment and ESG reporting frameworks will also be key to our growing engagement in the broader RNG community as we continue to incorporate the newest, field-proven innovations into our products and services.”
David Cox is a founding partner of Coalition for Renewable Natural Gas, the association of the RNG industry in North America. RNG Coalition members capture fugitive methane from waste and generate carbon-neutral and carbon-negative renewable energy, including gas, electricity, and hydrogen. Under David’s leadership, RNG Coalition, which includes many of the largest energy companies in the world, has grown to a national and increasingly international leader in the advancement of renewable natural gas. David is widely recognized for his leadership in RNG law, policy and market development. He is a graduate of the McGeorge School of Law and Westmont College. He is licensed to practice law in Texas, Oklahoma and California.
“There has never been a more critical time to have reliable and actionable information about emissions performance,” said Cox. “SeekOps’ data-driven technology and services are mission critical to any company with a decarbonization commitment. I’m honored to join their Advisory Board and look forward to assisting their exceptionally talented team.”
David joins Advisory Board member Dr Simon Bittleston, Chairman of the International Scientific Advisory Board for GAPSTI at Cambridge University, who joined in 2022.
About SeekOps
SeekOps Inc. SeekOps deploys its industry-leading SeekIRTM sensors with enterprise-grade drones to provide field-proven measurement systems for methane Leak Detection and Quantification (LDAQTM), through repeatable, consistent and cost-effective automated workflows. For more information, please visit www.seekops.com
Paul Khuri
VP - Business Development
713 962 6146
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.