LOUISVILLE, Ky.--(BUSINESS WIRE)--GE Appliances (GEA), a Haier company, was selected by Supply & Demand Chain Executive as a recipient of the Top Supply Chain Projects Award for 2021 for the transformation of its inbound transportation strategy and the creation of its new Southern Logistics Center (SLC) in Crandall, Georgia that opened on March 9, 2020.
GE Appliances was the first company to create a parts distribution center in northwest Georgia near the Appalachian Regional Port – connected by an inland rail spur to the Port of Savannah – where off-loaded shipping containers are quickly distributed to GEA’s nearby plants. Opening a week before U.S. COVID-19 pandemic shutdowns occurred, the new Southern Logistics Center has been integral to enabling GE Appliances to provide materials and components needed to produce essential appliances at its nine U.S. manufacturing plants, even during widespread supply chain shortages affecting other companies.
“The success of our Southern Logistics Center has been a homerun for our supply chain,” said Harry Chase, director for advanced manufacturing-strategic materials for GE Appliances. “It’s one of those investments that just keeps delivering wins: reducing 3 million miles of trucking and helping the environment, avoiding the congestion of west coast ports, improving our responsiveness to customers, creating good jobs in an area that needed them, and helping keep production parts flowing over the last 16 months as the pandemic just kept throwing one curveball after another. We are extremely thankful for the support and continued partnership from the state of Georgia, the Georgia Port Authority and the Georgia Department of Economic Development.”
The Top Supply Chain Projects (formerly known as SDCE 100) spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium and large enterprises across a range of supply chain functions. These projects show how supply chain solution and service providers help their customers and clients achieve supply chain excellence and prepare their supply chains for success.
“The supply chain industry has been challenged with a host of supply chain disruptions over the last year. Yet, the winners on this list continued to re-tool and innovate,” says Marina Mayer, editor for Supply & Demand Chain Executive and Food Logistics. “Whether it be moving a customer to a cloud-based solution or implementing a more sustainable shipping option, these top supply chain projects reflect the supply chain industry’s strength and resilience to overcome disruptions and work better, smarter and more efficiently in the years ahead.”
GE Appliances builds more than 2,500 appliances per hour in nine U.S. plants, which requires the purchase, storage and distribution of more than two billion parts and components. With the opening of the $32 million Southern Logistics Center, the fulfillment of those parts became easier. The 504,000 square foot center is the largest investment and first fulfillment and distribution warehouse at the Appalachian Regional Port (ARP), located in Murray County, an inland extension of the Port of Savannah.
Comprehensive Logistics Co., Inc. (CLI), a third-party logistics company, operates the Southern Logistics Center under an agreement with and on behalf of GE Appliances. CLI is an innovator of material flow visibility technologies and warehouse management processes.
Go to www.SDCExec.com to view the full list of all 2021 Top Supply Chain Projects winners.
About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development and more. Go to www.SDCExec.com.
About GE Appliances
GE Appliances strives to make the world a better place, and its team is committed to leading in the communities where employees live and work. A purpose-rooted and passion-driven organization, GE Appliances believes there is always a better way. It sells products under the Monogram®, Café™, GE Profile™, GE® Appliances, Haier and Hotpoint brands. Products include refrigerators, freezers, cooking products, dishwashers, washers, dryers, air conditioners, water filtration systems, water heaters and small appliances. For more information, visit www.geappliancesco.com.
Julie Wood, GE Appliances, a Haier company
(502) 741-1557 or This email address is being protected from spambots. You need JavaScript enabled to view it.
DEERFIELD BEACH, Fla.--(BUSINESS WIRE)--#clevels--In June, Vision Solar, which is one of the leaders in Residential Solar Panel Installations, announced Stephanie Provost as Chief Marketing Officer and the newest member of their executive team.
Stephanie possesses a unique skill set focused on building and developing brands with a Business to Consumer (B2C) focus driving a more consumer-centric approach. Stephanie will be heading our company-wide marketings and client service teams. She will leverage her prior experience building and growing brands across numerous Fortune 500 companies which include Unilever, Kraft, Pepsi, Aramark, and others.
Stephanie Provost has over 20 years of professional experience within the CPG (Consumer Product Goods) and Retail Food Industries. Prior to joining Vision Solar, Stephanie served as the VP of Marketing (Brand Development & Innovation) at Aramark. It was here that she led the development of their retail brand portfolio that deployed out to numerous sectors across thousands of locations. She holds a B.S. in Finance from Rutgers College - School of Business.
“As the CMO of Vision Solar, my goal will be to keep the consumer experience at the cornerstone of everything the organization does. This mission will help drive brand transformation and enable us to drive rapid growth across markets, while also providing a competitive edge that differentiates us within the renewables space,” Provost enthusiastically stated.
For any inquiries regarding this press release, please feel free to contact John Czelusniak at This email address is being protected from spambots. You need JavaScript enabled to view it.
About Vision Solar:
Vision Solar is one of the fastest growing solar energy companies in the United States. Their full-service renewable energy company installs solar services for residential homes nationwide. Over the past three years, Vision Solar has grossed over $100 million in revenue, with significant increase in projected growth to produce 1000+ high-quality Green Jobs by 2022. To learn more, visit: https://www.visionsolar.com
John Czelusniak
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DUBLIN--(BUSINESS WIRE)--The "LATAM Oilfield Chemicals Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)" report has been added to ResearchAndMarkets.com's offering.
The market for LATAM Oilfield Chemicals is expected to witness a moderate growth, registering a CAGR of 1.95% during the forecast period. The major factors driving the growth of the market studied are the increasing offshore activities in Brazil, Mexico, and Argentina.
Companies Mentioned
Key Market Trends
Increasing Demand from the Drilling and Cementing Segment
Brazil to Dominate the Market
Key Topics Covered:
1 Introduction
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET DYNAMICS
4.1 Drivers
4.1.1 Increasing Offshore activities in Brazil, Mexico & Argentina
4.2 Restraints
4.2.1 Downfall of Venezuela Economy
4.3 Industry Value Chain Analysis
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Consumers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products and Services
4.4.5 Degree of Competition
5 MARKET SEGMENTATION
5.1 Chemical Type
5.2 Application
5.3 Geography
6 COMPETITIVE LANDSCAPE
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Ranking Analysis
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 Discovery of Potential Oil and Gas Reserves in the Region
For more information about this report visit https://www.researchandmarkets.com/r/c4qevu
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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TULSA, Okla.--(BUSINESS WIRE)--Williams (NYSE: WMB) President and Chief Executive Officer Alan Armstrong is scheduled to present at the J.P. Morgan Energy, Power & Renewables Virtual Conference on Tuesday, June 22, at approximately 9:50 a.m. Eastern Time (8:50 a.m. Central Time).
A link to the live webcast of Mr. Armstrong’s presentation, along with presentation slides for viewing and downloading, will be available at https://investor.williams.com on the morning of June 22.
About Williams
Williams (NYSE: WMB) is committed to being the leader in providing infrastructure that safely delivers natural gas products to reliably fuel the clean energy economy. Headquartered in Tulsa, Oklahoma, Williams is an industry-leading, investment grade C-Corp with operations across the natural gas value chain including gathering, processing, interstate transportation and storage of natural gas and natural gas liquids. With major positions in top U.S. supply basins, Williams connects the best supplies with the growing demand for clean energy. Williams owns and operates more than 30,000 miles of pipelines system wide – including Transco, the nation’s largest volume and fastest growing pipeline – and handles approximately 30 percent of the natural gas in the United States that is used every day for clean-power generation, heating and industrial use.
MEDIA:
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(800) 945-8723
INVESTOR CONTACTS:
Danilo Juvane
(918) 573-5075
Grace Scott
(918) 573-1092
Energy Services Companies are Poised for Growth as Demand for Clean Energy, Resiliency, and Outsourced Energy Management Solutions Rises
MONTREAL--(BUSINESS WIRE)--#decarbonization--A new report from Atlas Energy Intelligence analyzes the North American energy service company (ESCO) market to provide insights into the role that the ESCO model will play in the broader energy transition.
Since the 1970s, ESCOs across North America have provided a wide range of public and private sector customers with comprehensive, self-funding energy efficiency retrofit solutions, particularly in the federal and MUSH (municipalities, universities, schools, and healthcare) sectors. Today, these customers are driven by other priorities as well, such as carbon neutrality and resiliency, which ESCOs have responded to with solutions that integrate distributed energy technologies such as solar PV, energy storage batteries, and microgrids.
“While ESCOs have been operating in North America for decades, they are finding new applications in the current energy landscape given the adaptability of the ESPC model to new innovations in distributed energy,” said Eric Bloom, Managing Director, Atlas Energy Intelligence. “As the U.S. and Canada look to emerge from the COVID-19 pandemic by building cleaner and more resilient infrastructure, the ESCO model is well-positioned for growth.”
According to the report, The North American Energy Service Company (ESCO) Market, ESCO revenues will grow from $4.9 billion in 2021 to $6.5 billion in 2027 at a combined annual growth rate of 4.8%. The market forecasts provide detailed information on growth across all customer verticals (federal, local/state/provincial government, K-12 schools, higher education, healthcare, public housing, and commercial), and segments the market by service type (ESPC, design-build, and O&M services), with individual forecasts for the United States and Canada. An executive summary and table of contents for the report can be downloaded at the Atlas Energy Intelligence website.
About Atlas Energy Intelligence
Atlas Energy Intelligence is a market research and strategy consulting firm that helps all types of organizations - manufacturers, project developers and integrators, utilities, government agencies, and others - navigate the rapidly changing clean energy landscape. The company’s deep expertise in analyzing market developments for renewable energy, energy efficiency, intelligent grid technologies, smart cities, and other segments of the clean energy sector helps position customers for success in the ongoing energy transition.
Eric Bloom, This email address is being protected from spambots. You need JavaScript enabled to view it., +1 (438) 797-5036
IRVINE, Calif.--(BUSINESS WIRE)--Q CELLS officially announced plans for expanding its reach in the Hawaiian residential energy market through a partnership with eStat Inc.
eStat Inc. is focused on providing resilient and affordable clean energy solutions in the residential energy sector. eStat’s innovative cloud-based energy optimization and management technology allows homeowners to build a sustainable Zero Carbon Smart Home that achieves NEM-equivalent savings in Hawaii. As utilities phase out NEM programs, eStat’s technology will allow homeowners to achieve savings equivalent to those earned through NEM programs. The technology also enables homes to become resilient island nano-grids through storage batteries which provide backup power when service disruptions occur on the grid.
eStat recently partnered with Poncho’s Solar in Oahu, HI (in its 34th year of business) and plans to grow with more local partners and communities in the future to provide a steady supply of solar and storage systems to the Hawaiian market.
Q CELLS partnered with eStat to supply its world-class solar modules and Q.HOME+ ESS HYB-G1 (“Q.HOME”) all-in-one home energy storage system for homeowners to consume clean solar energy in Hawaii. After nearly a year of refining features of the Q.HOME product, Q.HOME will be fully integrated with eStat’s cloud-based monitoring and management system, utilizing machine learning to enable home consumption to fully utilize onsite production and storage. The partnership will underscore eStat as Q CELLS’ primary O&M partner in the Hawaiian market.
Shane Kim, President of Q CELLS North America said, “We are thrilled to join forces with eStat Inc. who we have collaborated closely with over the past year to enhance our Q.HOME product and integrate eStat’s in-home energy monitoring and management solution. Hawaii is a very important market for renewables and Q CELLS is excited to play a leading role in helping facilitate a sustainable energy future for the state.”
John Borland, Director of eStat Hawaii, said, “We are happy to contribute to achieving Hawaii's goal of generating all residential power from 100% renewable energy sources with the world-renowned renewables company, Q CELLS. Hawaii provides one of the best locations on earth for the deployment and maximum utilization of solar energy including solar-PV+Battery storage and solar-thermal hot water storage year round. We just completed a 4-month field test of the Q.HOME product on Oahu verifying its ability to achieve: 1) a Zero Carbon Smart Home, 2) a Resilient Island Nano-Grid (grid-tie and off-grid operation) and 3) NEM-Equivalent savings.”
About Q CELLS
Q CELLS is a renowned total energy solutions provider in solar cell and module, energy storage, downstream project business and energy retail. It is headquartered in Seoul, South Korea (Global Executive HQ) and Thalheim, Germany (Technology & Innovation HQ) with operations all over the world. Through its growing global business network spanning Europe, North America, Asia, South America, Africa and the Middle East, Q CELLS provides excellent services and long-term partnerships to its customers in the utility, commercial, governmental and residential markets. For more information, visit: http://www.q-cells.com.
About eStat Inc.
CEO Harumi Fujii McClure founded eStat in 2019 with a customer centric view and assembled a talented team of energy industry professionals whose individual careers span over 20 years and who have deep connections with key stakeholders in the Hawaiian residential energy market. eStat combines optimal hybrid inverter and cloud-based control technology where power is supplied by a third party. eStat solves problems that are barriers to the introduction of solar such as curtailment and initial payment or capital investment for the power generation and energy storage equipment. For more information visit: https://www.estat.energy.
Safe-Harbor Statement
This press release contains forward-looking statements. These forward-looking statements can be identified by terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates" and similar statements. Among other things, the quotations from management in this press release and Q CELLS’ operations and business outlook, contain forward-looking statements. Such statements involve certain risks and uncertainties that could cause actual results to differ materially from those expressed in or suggested by the forward-looking statements. Except as required by law, Q CELLS does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Kristina Arden-Wen
E-mail: This email address is being protected from spambots. You need JavaScript enabled to view it.
Q CELLS North America, Media
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BOSTON--(BUSINESS WIRE)--#Empowered--Schneider Electric CEO and Chairman Jean-Pascal Tricoire has been named a Glassdoor Top CEO for his ongoing commitment to building an inclusive and empowering employee culture that drives innovation and sustainability.
Glassdoor, the worldwide leader in insights about jobs and companies, released its annual Employee Choice Award recognizing the top CEOs in countries throughout North America and parts of Europe. Tricoire ranked second in France and eighth in Canada based on anonymous and voluntary employee feedback throughout the past year. Globally, he holds a 97% approval rating from employees, 24 points higher than the Glassdoor CEO average.
“Great People make Schneider Electric a Great company,” says Charise Le, Chief Human Resources Officer at Schneider Electric. “I am delighted that our employees recognize we collectively drive a meaningful purpose to enable progress and sustainability for all. At the same time, we are committed to providing equal opportunities to everyone, everywhere so that our employees are empowered to innovate and manage their unique life and work.”
Since being named CEO in 2006, Tricoire’s leadership has helped transform Schneider into a global group, extending the scope of the company's activities from a vendor of electrical products to a supplier of digital systems. Tricoire’s commitment to sustainability, founded within the purpose of “empowering all to make the most of our energy and resources”, led to Schneider being recognized as the 2021 Most Sustainable Corporation in the World by Corporate Knights.
Earlier this year, Tricoire’s tenure on the United Nations Global Compact Board was extended for an additional three years as he wraps up his five-year stint as one of the 10 corporate U.N. #HeForShe IMPACT champions. Over the past six years he has led the company in achieving three commitments to advance gender equality, including bringing worldwide pay equity to 99.6% of the global workforce, above the initial goal of 95%.
When employees submit reviews about their employer on Glassdoor, they are asked to rate several factors tied to their employment experience. These include rating sentiment around their CEO’s leadership as well as senior management, among others. Specifically, when rating their CEO on Glassdoor, employees are asked to report whether they approve, disapprove or have no opinion about their CEO’s performance. Across the 1.5 million employers reviewed on Glassdoor, the average CEO approval rating is 73%.
About Glassdoor Top CEO
Employees’ Choice Award winners for the 2021 Top CEOs are determined using Glassdoor’s proprietary algorithm, taking into account the quantity, quality and consistency of Glassdoor-approved company reviews shared by France and Canada-based employees between 2nd May, 2020 and 1st May, 2021. To be eligible for the 25 Top CEOs - France, employers must have received at least 25 ratings across the two leadership attributes from France-based employees and have at least 1,000 employees at the end of the eligibility time frame. To be eligible for the 25 Top CEOs - Canada, employers must have received at least 25 ratings across the two leadership attributes from Canadian-based employees and have at least 1,000 employees at the end of the eligibility time frame. For reporting simplicity, CEO approval ratings are displayed as whole numbers, though calculations extend beyond the thousandth decimal place to determine final rank order. Complete award methodology can be found and downloaded here: https://www.glassdoor.co.uk/Award/index.htm
About Schneider Electric
Schneider’s purpose is to empower all to make the most of our energy and resources, bridging progress and sustainability for all. We call this Life Is On.
Our mission is to be your digital partner for Sustainability and Efficiency.
We drive digital transformation by integrating world-leading process and energy technologies, end-point to cloud connecting products, controls, software and services, across the entire lifecycle, enabling integrated company management, for homes, buildings, data centers, infrastructure and industries.
We are the most local of global companies. We are advocates of open standards and partnership ecosystems that are passionate about our shared Meaningful Purpose, Inclusive and Empowered values.
Follow us on:
https://www.twitter.com/SchneiderNA
https://www.facebook.com/SchneiderElectricUS/
https://www.linkedin.com/company/schneider-electric
https://www.youtube.com/user/SchneiderCorporate
https://www.instagram.com/schneiderelectric/
http://blog.se.com/
Hashtags: #LifeIsOn: #OurImpact #SEGreatPeople #Meaningful #Inclusive #Empowered
Schneider Electric Media Relations – Thomas Eck This email address is being protected from spambots. You need JavaScript enabled to view it.
MELBOURNE, Australia--(BUSINESS WIRE)--Rio Tinto has partnered with the Australian Renewable Energy Agency (ARENA) to study whether hydrogen can replace natural gas in alumina refineries to reduce emissions.
Rio Tinto will conduct a $1.2 million feasibility study, equally funded with ARENA through a $580,000 grant, into using clean hydrogen to replace natural gas in the calcination process of refining at the Yarwun aumina refinery in Gladstone.
The study program includes work to be done at Rio Tinto’s Bundoora Technical Development Centre in Melbourne, where Rio Tinto’s in-house development capability has now been extended to hydrogen.
ARENA CEO Darren Miller said “If we can replace fossil fuels with clean hydrogen in the refining process for alumina, this will reduce emissions in the energy and emissions intensive refining stage of the aluminium supply chain. Exploring these new clean energy technologies and methods is a crucial step towards producing green aluminium.
“This study will investigate a potential technology that can contribute to the decarbonisation of the Australian alumina industry. If successful, the technical and commercial lessons from Rio Tinto’s study could lead to the implementation of hydrogen calcination technology, not only in Australia, but also internationally.”
Rio Tinto Aluminium Pacific Operations acting managing director Daniel van der Westhuizen said “We see the ARENA and Rio Tinto-funded study as a step towards reducing refinery emissions and one that has the potential to play an important part in Rio Tinto’s commitment to decarbonisation.
“We’re investing in work that needs to be done, not only to decarbonise one of our sites, but also to help provide a lower-emissions pathway for Rio Tinto and the global aluminium industry.
“We recognise we are on a long road towards reducing emissions across our operations and there is clearly more work to be done. But projects such as this are an important part of helping us get there.”
The study comprises two distinct work packages:
Once complete, the study will inform the viability of a potential demonstration project. Rio Tinto has lodged patents for the hydrogen calcination process.
Rio Tinto is aiming to reach net zero emissions across its operations by 2050. Across the company, it is targeting a 15% reduction in absolute emissions and a 30% reduction in emissions intensity by 2030, from a 2018 baseline.
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Media Relations, UK
Illtud Harri
M +44 7920 503 600
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Jonathan Rose
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Matthew Klar
T +1 514 608 4429
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Menno Sanderse
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Investor Relations, Australia
Natalie Worley
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Rio Tinto plc
6 St James’s Square
London SW1Y 4AD
United Kingdom
T +44 20 7781 2000
Registered in England
No. 719885
Rio Tinto Limited
Level 7, 360 Collins Street
Melbourne 3000
Australia
T +61 3 9283 3333
Registered in Australia
ABN 96 004 458 404
riotinto.com
Category: General
HAZEL CREST, Ill.--(BUSINESS WIRE)--#LancoGroup--Lanco International, Inc., parent company of Mi-Jack Products, Inc. of Hazel Crest, Illinois, today announced the sale of its Technical Services International (TSI), Hubert Line and Hubert Rail companies to Remprex, LLC, effective as of the close of business May 31, 2021. Terms of the sale are confidential. Frank Calomino – Executive Vice President of Lanco International, Inc. said, “We recognized early on that Remprex would represent an optimal path forward from a perspective of increased growth and innovation as one of our existing trusted partners and we are excited for both companies.”
Remprex, LLC is a high-growth, technology-enabled company that has expanded rapidly in the last decade into many areas of the transportation ecosystem, including lift operations, engineering, equipment management, IT services and remote operations, all with a view towards leveraging the integration of technology into these services. Remy Diebes, President & CEO of Remprex, said, “We are looking forward to building on the foundation of this great business. We continue to expand our line of services in the rail & port facility space and see unlimited growth opportunities ahead of us.”
Mi-Jack Products will continue to concentrate on building its manufacturing portfolio with expanded product lines in rail, port, and industrial markets. In addition, its efforts to provide parts and service support to its customers will be enhanced with state-of-the-art processes to deliver the best support for all its industries.
Lastly, it continues its commitment to provide industry-leading technical training via the John J. Lanigan Sr. Training Academy (JJLST). Its total immersion approach and multitude of certification paths empower customers’ technicians to develop more independence, become more productive and versatile, as well as reduce risk, all while becoming experts at supporting Mi-Jack equipment.
Frank Calomino
Executive Vice President, Lanco International
(708) 589-7514
This email address is being protected from spambots. You need JavaScript enabled to view it.
Remy Diebes
President, Remprex, LLC
(630) 743-7087
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CARNEGIE, Pa.--(BUSINESS WIRE)--Rice Acquisition Corp. II (the “Company”) announced today the pricing of its initial public offering (“IPO”) of 30,000,000 units at a price of $10.00 per unit. The offering was upsized from a base offering of 25,000,000 units. The units will be listed on the New York Stock Exchange (the “NYSE”) and trade under the ticker symbol “RONI U” beginning on June 16, 2021. Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant entitling the holder thereof to purchase one Class A ordinary share at an exercise price of $11.50 per share. Once the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on the NYSE under the symbols “RONI” and “RONI WS,” respectively.
Citigroup and Barclays are acting as joint book-running managers for the offering. AmeriVet Securities and Academy Securities are acting as co-managers for the proposed offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 4,500,000 units at the IPO price.
The public offering will only be made by means of a prospectus. Copies of the preliminary prospectus relating to the offering and final prospectus, when available, may be obtained from Citigroup, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, telephone: 1-800-831-9146; and Barclays, c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, NY 11717, email: This email address is being protected from spambots. You need JavaScript enabled to view it., telephone: 1-888-603-5847
A registration statement relating to these securities has been declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on June 15, 2021. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The initial public offering is expected to close on June 18, 2021, subject to customary closing conditions.
About Rice Acquisition Corp. II
Rice Acquisition Corp. II is a newly organized blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities. The Company’s efforts to identify a prospective target business will not be limited to a particular industry, although it intends to focus its search for a target business in the broadly defined energy transition or sustainability arena.
Forward Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the anticipated closing of the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
J. Kyle Derham
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DUBLIN--(BUSINESS WIRE)--The "Needle Coke Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029" report has been added to ResearchAndMarkets.com's offering.
The premium type of petroleum coke and coal tar based coke is needle coke. Coke is a byproduct of oil refining and coal gasification process and is used as a fuel to manufacture iron, steel and anodes for aluminum smelters. Higher quality ultra-high power (UHP) graphite electrodes and cathode electrodes to melt the scrap metal for recycling steel in the electric arc furnace (EAF) are manufactured from needle coke. For the production, of needle coke the separation of heavy fraction of aromatic feedstock is required to be done in fractionation unit. The thick fraction is then fed to coker unit to attain coking temperatures (3000ºC). The furnace operation is critical since it has to 'delay' the feed to attain desired temperature. This minimizes the coke formation in the furnace. Thus, the effective extraction of needle coke is done in this step which is similar to delayed coking.
Based on the type of needle coke, the market is segmented into oil & gas and coal tar pitch derived. Needle coke is the major heating elements used in an electric arc furnace (EAF) for steel making. Scrap from old cars or appliances are melted to form steel. The EAF steel furnace requires high quality coke for graphite electrode manufacturing. The demand from steel industry for specialty cokes is increasing for UHP (Ultra High Power) EAF to produce steel. The developed economies have huge demand of steel and aluminum due to its high consumption in automobiles, heavy equipment and machineries, aircraft amongst others. Graphitized cathodes are used in aluminum production and graphite electrodes are used in steel production. Thus, for graphitization of electrodes in metal production has led to high demand for needle coke globally.
In terms of grade, the needle coke is bifurcated into base premium, intermediate premium and super premium needle coke. The base premium needle coke has the highest coefficient of thermal expansion (CTE) that is less than 0.65 (10-6/ºC). The sulfur content is less than 0.6% and hydrogen content is in the range of 0.035-0.055%. The intermediate premium coke has the CTE less than 0.5 (10-6/ºC). The xylene content is 2.12 g/cm3 and hydrogen content is similar to base premium type. The super-premium needle coke has sulfur content less than 0.4%. The coefficient of thermal expansion is less than 0.4 (10-6/ºC) Max. World's biggest manufacturers of needle coke also have super premium needle cokes with CTE as low as 0.1 (10-6/ºC) Max. On the basis of end-user, the market is segmented into steel industry, aluminum industry, nuclear power plants and others (lithium batteries, aerospace, etc.)
U.S., China and Japan are the world's top manufacturers of needle coke. India, Russia, Germany and the U.K are the other major countries where needle coke and graphite electrode manufacturing is based. The world's largest manufacturer of needle coke is Conoco Phillips (Phillips 66). There are only 2 companies in the world which derive needle coke from coal tar pitch. Both the companies are Japan based. As of 2021, the global EAF based steel production is expected to witness high growth rate. This has led to similar rise in demand of the graphite electrodes. Eventually, the rise in graphite electrode demand is expected to trigger the demand for needle coke.
Companies Mentioned
Key Topics Covered:
Chapter 1 Preface
Chapter 2 Executive Summary
Chapter 3 Market Overview
3.1 Introduction
3.2 Market Dynamics
3.2.1 Market Drivers
3.2.2 Market Restraints
3.2.3 Opportunities
3.3 Impact Analysis of Drivers, Challenges and Opportunities During the Forecast Period
3.4 Attractive Investment Proposition, by Geography, 2020
Chapter 4 Global Needle Coke Market, by Grade
Chapter 5 Global Needle Coke Market, By Type
Chapter 6 Global Needle Coke Market, by End-User
Chapter 7 Global Needle Coke Market, by Geography
Chapter 8 Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/s269ts
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DENVER--(BUSINESS WIRE)--Liberty Oilfield Services Inc. (NYSE: LBRT; “Liberty” or the “Company”) announced today the appointment of Audrey Robertson to its Board of Directors. Ms. Robertson joined the Board contemporaneously with the resignation of Brett Staffieri, who previously served on the Board as a nominee of entities affiliated with Riverstone Holdings. Mr. Staffieri resigned after Riverstone completed the divestiture of its equity investment in the Company earlier this month.
“We are excited and pleased to welcome Audrey to the Board and the Liberty family,” said Chris Wright, Liberty’s Chairman and CEO. “Audrey has extensive expertise in finance and accounting matters. When coupled with her executive leadership and governance experience in the energy industry, her background is a complementary addition to our Board and augments the core skill sets represented by our Directors.”
Mr. Wright also commented, “Brett has been involved with the Liberty Board since our founding. I want to thank him and the team at Riverstone for their contribution over the years.”
Ms. Robertson has served as the co-founder and Chief Financial Officer of Franklin Mountain Energy, LLC, a private oil and gas company operating in the Permian Basin since September 2018. She also serves as a co-founder and Managing Partner of Copper Trail Partners, LLC, a private equity platform based in Denver since November 2017. From 2005 to 2016, she served as a Partner and Senior Managing Director at Kayne Anderson Capital Advisors. Prior to that time, she was an investment banker with Goldman Sachs & Co. Ms. Robertson has been a Director of Bonanza Creek Energy, LLC since January 2020 and served on the board of directors of Extraction Oil and Gas, LLC from September 2019 to January 2021. She has served on the boards of several private companies and not-for-profit organizations. She holds a Bachelor of Science degree in Applied Economics and Management from Cornell University and a Master of Accounting degree from the University of Southern California.
About Liberty
Liberty is a leading North American oilfield services firm that offers one of the most innovative suites of completion services and technologies to onshore oil and natural gas exploration and production companies. Liberty was founded in 2011 with a relentless focus on developing and delivering next generation technology for the sustainable development of unconventional energy resources in partnership with our customers. Liberty is headquartered in Denver, Colorado. For more information about Liberty, please contact Investor Relations at This email address is being protected from spambots. You need JavaScript enabled to view it..
Michael Stock
Chief Financial Officer
303-515-2851
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HOUSTON--(BUSINESS WIRE)--#completecommunities--Hess Corporation (NYSE: HES) today announced a $9 million financial commitment over the next three years as part of its Learning for Life Partnership to fund educational programs and support services for children in three economically disadvantaged communities in Houston that are part of Mayor Sylvester Turner’s Complete Communities Initiative. Hess employees will also volunteer time and expertise to support these programs.
The Hess Learning for Life Partnership will benefit approximately 22 schools and more than 13,000 children from pre-K through elementary, middle, and high school in Houston’s Third Ward, Magnolia Park-Manchester, and Second Ward Complete Communities neighborhoods. The partnership expands the scope and reach of Hess’ LEAP (Learn, Engage, Advance, Persevere) educational program, a $7.4 million investment over the last eight years to support students in the Magnolia Park and Second Ward neighborhoods.
Hess Learning for Life grants are being made through the Greater Houston Community Foundation to various nonprofit organizations to address needs identified by Mayor Turner’s Complete Communities initiative, helping ensure that all Houstonians have equal access to quality services and amenities.
“Our company has a proud history of social investment programs that make a positive and lasting impact on the communities where we operate,” said John B. Hess, Chief Executive Officer. “In partnership with Mayor Turner’s initiative, we are delighted to expand our commitment to provide children in the neighborhoods adjacent to Hess Tower in downtown Houston with the academic and social resources they need to reach their full potential.”
“All children deserve an opportunity to pursue their dreams,” said Greg Hill, Hess President, and Chief Operating Officer. “With this partnership, we are supporting the needs of underserved children at every level of their development.”
“Philanthropic support to local nonprofits and volunteerism from corporations, such as Hess, keep Houston’s workforce competitive and youth equipped with the tools they need to succeed. Local schools also need support and corporate stewardship to improves student achievement, reduce absenteeism, and develop strong school-community partnerships,” stated Mayor Turner.
The Hess Learning for Life Partnership will fund STEM equipment and curricula, teacher training, computer equipment, mentorship programs, accreditation initiatives, career life guidance counseling, and other support. It also will provide full scholarships for nine high school seniors each year to pursue a college degree or vocational certification and support work-study programs at the University of Houston and Texas Southern University in the Third Ward.
Nonprofit organizations to receive funding include The Barbara Bush Houston Literacy Foundation’s My Home Library; Big Brothers Big Sisters’ Beyond School Walls mentorship program; Genesys Works’ high school internship program; Communities In Schools’ on-campus student support; Children’s Museum Houston’s science workshop summer camp; Collaborative for Children’s Center of Excellence’s early childhood education programming; Comp-u-Dopt’s computer education series and hardware distribution; Edgenuity’s credit recovery program; C-STEM’s Robotics Prototype toolkits and teacher training; and Alliance Financial Ministries’ student workshops and after-school programs
Schools benefitting from the investment are Briscoe, Blackshear, Carrillo, DeZavala, Foster, Franklin, Gallegos, Hartsfield, KIPP Explore, Lockhart, Peck, Thompson, Tijerina, and Whidby elementary schools; Cullen, Edison, and Ryan (Baylor College of Medicine) middle schools; Austin, Energy Institute and Yates high schools; Texas Southern University and the University of Houston.
About Hess
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information about Hess Corporation is available at http://www.hess.com.
About Houston Complete Communities
Complete Communities is a signature initiative of City of Houston Mayor Sylvester Turner. Its mission is to ensure that all Houstonians have equal access to quality services and amenities that improve their lives. By developing public-private partnerships that tap into the strengths of Houston’s residents, nonprofits, businesses, and philanthropic partners, together, we can build a stronger, more resilient city and make transformational change where it’s needed most. To learn more about the Complete Communities initiative and read the Action Plans created by residents and approved by City Council for the first five Complete Communities, visit the website www.houstontx.gov/completecommunities.
Media Contact:
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OSLO, Norway--(BUSINESS WIRE)--Turbulent Flux, a Software-as-a-Service flow simulation company, today announced an exclusive agency agreement with Sumitomo Australia Pty Ltd (“Sumitomo Australia”).
Under this agreement, Sumitomo Australia will act as Turbulent Flux’s sales agent for FLUX Solutions in Australia and New Zealand to provide regional oil and gas operators with accurate and efficient flow insights into wells and pipelines. The portfolio of Turbulent Flux’s proprietary software products range from virtual flow metering and pipeline monitoring, to advisers assessing flow instabilities and depositions.
"Sumitomo has a keen interest in sustainable operations and environmental code of conduct. With software-driven services like those from Turbulent Flux, we have found an excellent Norwegian partner that commits to the digital transition of optimising oil and gas production lines whilst reducing financial and environmental implications,” said Siddharth Setia, Trade & Digitalisation Lead at Sumitomo Australia.
Turbulent Flux’s real-time, cloud-native software solutions are based on a unique hybrid modeling approach combining predictive capabilities of physical models with machine learning models that assist and self-adjust data over time. This assures an unprecedented level of accuracy and accessibility in the market.
“The access to quality flow rate predictions and real-time insights, is the basis for effective production optimisation. We are excited to work with Sumitomo Australia and support the Oceanian E&P companies in their operational challenges whilst creating effective dialogues and lasting relationships going forward,” said Halvard Ellingsen, CEO at Turbulent Flux.
Both companies are committed to developing and handling innovative solutions that address the needs of the global energy industry within an era of transition. Common themes include reducing operators’ flaring and chemical injection needs, as well as hydrogen and CO2 transportation.
The collaboration between Turbulent Flux and Sumitomo Australia supports the wider scaling of Turbulent Flux’s software services within the Australian and New Zealand markets. Beginning immediately, Sumitomo Australia will represent Turbulent Flux in Australia and New Zealand, with a first representation set during this year’s APPEA Conference.
About Sumitomo Australia
Sumitomo Australia Pty Ltd is a wholly owned subsidiary of Sumitomo Corporation, one of Japan’s leading global integrated trading and investment business enterprises. Since its establishment in the Oceania region in 1961, Sumitomo Australia trades in a wide range of products, provides integrated supply chain management services, and engages in investment and business development across various industries. With its accumulated knowledge and experience in the local market and Sumitomo Corporation’s strong global presence and diverse portfolio, Sumitomo Australia seeks to drive new business opportunities and bring innovation to society.
https://www.sumitomocorp.com/en/asia-oceania/sapl
About Turbulent Flux
Turbulent Flux provides real-time simulation software for flow insights for the oil & gas industry. Simulations undertaken are based on a hybrid model combining the predictive capabilities of physical models with the speed and self-correcting abilities of data analytics. We are a trusted software provider to clients around the world.
Halvard Ellingsen
CEO, Turbulent Flux
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Siddharth Setia
Trade & Digitalisation Lead at Sumitomo Australia
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+61-08-9476-5122
Enviva is recognized for its philanthropic outreach, investments in community development, and its continuous commitment to manufacturing excellence
BETHESDA, Md.--(BUSINESS WIRE)--#BioEnergy--Enviva, a leading renewable energy company specializing in sustainable wood bioenergy, today announced it was the recipient of the Northampton County Chamber of Commerce’s “Corporate Business of the Year” award. The Northampton County Chamber of Commerce was established to advance the general welfare and prosperity of the county as well as to promote economic, civic, commercial, cultural, industrial, and educational interests to enhance the well-being of local citizens. Enviva was selected as a recipient of this year’s award for its commitment to manufacturing excellence, its outstanding community outreach, along with its support of several existing educational and non-profit partnerships within the region.
“We are both honored and humbled to be the recipient of this year’s Northampton County Chamber of Commerce’s ‘Corporate Business of the Year’ award,” said Chris Brown, Senior Community Relations Manager of the Mid-Atlantic at Enviva. “This award further underscores our commitment to leaving a positive impact on the communities we are grateful to serve, and we look forward to strengthening our relationship with the Northampton community for years to come.”
Enviva’s Involvement in Northampton County
Over the last year, Enviva has sponsored and supported several county initiatives including the new Northampton Career and Technical Academy of Innovation, which is slated to open later this fall; the Halifax Community College’s Foundation, which supports student scholarships; and the construction of Northampton County’s new walking trail and playground in Rich Square, which will provide local residents an inclusive community place to enjoy and recreate outdoors.
“Enviva has been a staple of this community since they began their operations here in 2013 and we are honored to present them with this award,” said Judy Collier, Executive Director of the Northampton, North Carolina Chamber of Commerce. “As an active member of this community, Enviva has continuously supported, donated, and invested their time and talents into local organizations and causes. We are very lucky to have Enviva as part of our community as they continue to bring more business and more support to Northampton County. We look forward to working and partnering with Enviva more in the future.”
In an effort to empower and recruit top talent within the community, Enviva actively supports the Halifax Community College’s RAMP East Program — a 96-hour curriculum that helps prepare undergraduate students for a job in the manufacturing industry. Enviva associates provide invaluable input to the training program curriculum and interview graduating program members for positions that may be available at the company’s Northampton and Ahoskie, NC facilities. Several program graduates are now successfully employed by Enviva in those plants, with more currently in the pipeline.
Yet another example of the company’s community engagement is the partnership that started in 2015 with the Roanoke Electric Cooperative and the Sustainable Forestry and Land Retention Project (SFLR), to assist forest landowners in obtaining access to technical assistance, cost-share funds, and certification programs. Enviva also partners with the local organizations, such as the Northampton County NAACP, on several events from back-to-school drives in August to holiday food distributions around Thanksgiving and Christmas.
Enviva’s total economic impact in North Carolina is forecasted to be close to $1 billion annually. In Northampton County alone, Enviva employs 97 full-time workers and on average offers compensation close to 40% higher than the average wage in the county. To-date, Enviva has invested close to $200 million in the Northampton plant.
About Enviva Holdings, LP
Enviva Holdings, LP is the world’s largest producer of industrial wood pellets, a renewable and sustainable energy source used to generate electricity and heat. Through its subsidiaries, Enviva Holdings, LP owns and operates wood pellet processing plants and deep-water export terminals in the U.S. Southeast. We export our pellets to power plants in the United Kingdom, Europe, and Japan that previously were fueled by coal, enabling them to reduce their lifecycle carbon footprint by more than 85 percent. We make our pellets using sustainable practices that protect Southern forests and employ about 1,200 people and support many other businesses in the U.S. Southeast. Enviva Holdings, LP conducts its activities primarily through two entities: Enviva Partners, LP, a publicly traded master limited partnership (NYSE: EVA), and Enviva Development Holdings, LLC, a wholly owned private company. To learn more about Enviva Holdings, LP, please visit our website at www.envivabiomass.com.
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~ Claus Sørensen Cold Storage is a leading cold storage company in Denmark ~
~ Acquisition adds warehouse network and capable team that will strengthen Lineage’s end-to-end supply chain offering for its customers in the Nordic region~
NOVI, Mich.--(BUSINESS WIRE)--#onelineage--Lineage Logistics, LLC (“Lineage” or the “Company”), a leading global temperature-controlled industrial REIT and logistics solutions provider, today announced its intention to acquire the cold storage division of Claus Sørensen Group, a renowned cold storage operator in Denmark.
Founded in 1926, Claus Sørensen is headquartered in Esbjerg, Denmark and operates nine cold storage facilities that are strategically located in relation to major fishing ports and food production facilities. The total capacity of Claus Sørensen’s facility network exceeds 800,000 cubic metres, with a freezing capacity of approximately 1,800 tonnes per day.
“At Lineage, we actively look for opportunities to strengthen our leading facility network and deliver strategic value to our customers by connecting more dots within their supply chains,” said Greg Lehmkuhl, President and CEO of Lineage. “Our acquisition of Claus Sørensen will amplify our reach in the Nordic region and will add a highly capable team to our European organization.”
“Lineage’s dedication to both innovation and service perfectly aligns with our longstanding commitment to being a preferred partner for our customers,” said Jesper Toft Mathiasen at Claus Sørensen. “We are excited to join a company that shares our same values and to join forces with Lineage’s team in the region to innovate for our customers and to help them grow their businesses.”
“Like many companies that have joined Lineage, Claus Sørensen is a family owned and operated company with a long legacy and strong entrepreneurial culture,” said Mike McClendon, President of International Operations & EVP of Network Optimization at Lineage. “We are very excited to partner with Jesper and the team at Claus Sørensen cold storage and I am confident in our combined teams’ ability to succeed on behalf of our customers.”
The acquisition comes on the heels of Lineage’s recently announced agreement to acquire Kloosterboer Group and contributes to the strategic expansion of Lineage’s facility network across Europe. Lineage’s global footprint currently spans over 2.1 billion cubic feet of temperature-controlled capacity in 15 countries across North America, Europe, Asia-Pacific, and South America.
Deloitte Corporate Finance is acting as financial advisor and Gorrissen Federspiel is acting as legal advisor to Claus Sørensen Group. Rabobank is acting as Lineage’s financial advisor and Bech Bruun is serving as its legal counsel.
About Lineage Logistics
Lineage Logistics is one of the leading temperature-controlled industrial REIT and logistics solutions providers worldwide. It has a global network of over 350 strategically located facilities totaling over 2 billion cubic feet of capacity which spans 15 countries across North America, Europe, Asia-Pacific, and South America. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivaled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)
About Claus Sørensen
Claus Sørensen was established in 1926 and operates cold and freezer storage facilities, all strategically placed in relation to the production of food products and main fishing ports across Denmark. Focused strongly on the customer, Claus Sørensen aims to be the food industry's preferred partner requires advanced facilities, logistics expertise and the best IT systems in the industry. As a link in the food and beverage supply chain, Claus Sørensen works to optimise processes on behalf of the customer, achieve maximum energy efficiency and protect the environment. Headquartered in Esbjerg, Claus Sørensen is a well-consolidated, foundation-owned business with 220 employees that are strongly driven by our values: quality, efficiency, credibility, responsibility and development. (https://www.csgruppen.dk/)
Lineage Logistics
Megan Hendricksen
949.247.5172
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The Studio will engage entrepreneurs and corporate partners to realize a future powered by renewable energy.
NEW YORK--(BUSINESS WIRE)--Newlab, a community of experts and innovators applying transformative technology to solve the world’s biggest challenges, and Ørsted, the global leader in offshore wind development, announced the launch of the Blue Energy Studio, a collaborative initiative designed to drive innovation towards a future powered by renewable energy. The Blue Energy Studio will engage entrepreneurs, engineers, inventors, and corporate partners, beginning with Ørsted, to test and iterate innovative solutions to critical challenges across the renewable energy value chain.
With an eye towards the United States’ goal of reaching 100% carbon pollution-free electricity by 2035, the Studio aims to advance solutions to challenges across the renewable energy value chain. During its initial phase, the Studio will focus on offshore wind innovation, and will recruit technology companies focused on streamlining the investigation and installation of new sites for offshore wind development; improving efficiency in site operations and maintenance; and optimizing power distribution to energy grids. With the addition of other industry partners, the Studio will expand its purview to include the geothermal, hydroelectric, and solar categories.
“We are excited to partner with Newlab and deliver on our shared goal to grow the Blue Energy Studio into a world-class program for innovation in renewable energy. We will engage the world’s leading minds to help address one of the most significant challenges facing humanity today—climate change,” said Neil Hamel, Head of U.S. Innovation & Venture at Ørsted. “The Studio is possible through a combination of Ørsted’s deep expertise in renewable energy and Newlab’s extraordinary capacity for driving world-changing innovation, and is primed to support critical solutions that have the potential to greatly advance the renewable energy sector, starting with offshore wind.”
“At Newlab, we are committed to leveraging our community of over 800 entrepreneurs, engineers, inventors, investors, and advisors to tackle significant, real-world challenges across industries,” said Shaun Stewart, CEO of Newlab. “Solving key bottlenecks in the renewable energy sector will be essential to ensuring the health and wellbeing of our planet for decades to come. We welcome the opportunity to work with Ørsted, along with entrepreneurs utilizing transformative technologies, to enable powerful solutions that will drive the sector forward.”
This partnership is the first of its kind for Ørsted’s Innovation Hub, based in Providence, Rhode Island, which works to identify, foster, and, where appropriate, finance enterprises related to offshore wind, focusing on next-generation technology and related innovation in the offshore wind energy field.
About Ørsted
The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, and bioenergy plants, and provides energy products to its customers. Ørsted ranks as the world’s most sustainable energy company in Corporate Knights' 2021 index of the Global 100 most sustainable corporations in the world and is recognised on the CDP Climate Change A List as a global leader on climate action. Headquartered in Denmark, Ørsted employs 6,311 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2020, the group's revenue was DKK 52.6 billion (EUR 7.1 billion). Visit orsted.com or follow us on Facebook, LinkedIn, Instagram, and Twitter.
About Newlab
Newlab is a community of experts and innovators applying transformative technology to solve the world's biggest challenges. Newlab membership and studios bring together entrepreneurs, engineers, inventors and industry leaders to create sustainable solutions and enterprises. Newlab employs technologies including robotics, AI and material science to transform what matters most—health, environment, media, cities, and infrastructure.
Angelina Mah
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DUBLIN--(BUSINESS WIRE)--The "Industrial Catalyst Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026" report has been added to ResearchAndMarkets.com's offering.
The global industrial catalyst market reached a value of US$ 20.7 Billion in 2020.
Looking forward, the market to exhibit moderate growth during the next five years. Catalysts are substances that are utilized in large quantities for accelerating chemical reactions between two substances without undergoing physical or chemical changes themselves. They enhance chemical processes and minimize cost and energy usage.
Apart from this, they assist in the production of improved oil fractions for clean fuels, such as biodiesel, ethanol, natural gas and propane. As a result, they find a wide range of applications, including petrochemical production, petroleum refining, polymer processing, environment protection reactions, and synthesis of bulk chemicals.
Catalysts are employed in the petroleum industry for improving product yields as most of the processes undertaken in refineries are catalytic in nature. With the escalating demand for petroleum-based products, especially from the industrial and power generation sectors, the market is currently experiencing steady growth.
Apart from this, there is an increase in the manufacturing of catalytic converters that are utilized in the emission control system of automobiles to minimize toxic emissions. This can be accredited to the growing environmental concerns, in confluence with the implementation of stringent regulations by governing agencies of numerous countries.
Furthermore, the burgeoning automotive industry is also fueling the growth of the industrial catalyst market growth. Moreover, there has been a rise in the demand for nano-catalysts that help in improving the catalytic process in the pharmaceuticals and food processing industries across the globe.
Key Questions Answered in This Report:
Competitive Landscape:
The competitive landscape of the market has been analyzed in the report, along with the detailed profiles of the major players operating in the industry.
Some of these players are
Break up by Type:
Heterogeneous catalysts exhibit a clear dominance in the market.
Break up by Raw Material:
Mixed catalysts account for the majority of the total market share.
Break up by Application:
At present, petroleum refineries hold the largest market share.
Regional Insights:
Asia Pacific currently enjoys the leading position in the market.
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The state-of-the-art operation specializes in fresh produce, proteins, and other perishables
TAMPA BAY, Fla.--(BUSINESS WIRE)--PLRS Powered by Titan Cold welcomes Dole Fresh Fruit to its state-of-the art, 135,000-square-foot facility situated in Port Tampa Bay at Hooker’s Point. Dole Fresh Fruit will include the Port Tampa Bay location in a new containerized service operating between Central America and the U.S. Gulf, beginning in mid-July of this year.
The new venture, as part of their Gulf Express Service, will deliver fresh fruit and other cargo, including automobiles, from Honduras and Guatemala to Port Tampa Bay and the cities of Gulfport, Miss. and Freeport, Texas.
PLRS Titan Cold will provide warehousing, terminal, stevedoring, and distribution services to Dole Fresh Fruit. The temperature-controlled warehouse includes refrigerated and frozen rooms, an onsite customs office, and specializes in handling large volumes of fresh produce, proteins, and other perishable food and beverage commodities. The facility also provides 148 reefer plugs, fumigation services, ripening rooms, and stevedoring services with the use of two high-speed Gottwald cranes. It is one of the only facilities with a Radiation Portal Monitor (RPM) onsite.
According to Titan Cold Vice President Carel Els, “We offer Dole – and all of our customers – the most modern processes for safely handling and efficiently delivering perishable goods to key U.S. markets. Our Tampa facility provides a critical link in serving central Florida and the entire Southeast.”
Two ships built in 2021, the MV Dole Maya and MV Dole Aztec, will service the route, and have been constructed to meet strict environmental mandates and substantially reduce greenhouse gases and other emissions.
Nadene Gallagher
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310.991.0230
Market barriers include financial considerations and data security issues, as well as IT and operations technology integration challenges
BOULDER, Colo.--(BUSINESS WIRE)--#IIoT--A new report from Guidehouse Insights examines warehouse management systems (WMS) technology for e-commerce, providing global market forecasts through 2030. In addition to WMS, the report projects increased global investment in associated warehouse operations hardware, such as Wi-Fi 6 deployment, industry IoT (IIoT) hardware, and both fixed and mobile robotics.
The COVID-19 pandemic has accelerated explosive growth in e-commerce retail market share. A large ecosystem of warehouse refurbishment management software providers, new as a service companies, and logistics providers are expanding rapidly to meet demand. New and more efficient technologies are available to reduce energy intensity in this area, leading to operational and energy savings opportunities, and ultimately more sustainable e-commerce growth. According to a new report from Guidehouse Insights, global investment in WMS infrastructure, including on-cloud and on-premise systems, in e-commerce is expected to grow from $6 billion in 2021 to $10.7 billion in 2030 at a compound annual growth rate (CAGR) of 6.7%.
“Technologies used by decarbonizing solutions in e-commerce warehousing (DSEW) facilitate a new level of warehouse operational efficiency and energy load control,” says Daniel Talero, research analyst with Guidehouse Insights. “This level of efficiency and control is especially valuable in a context where operators need capacity to manage crisis-level demand scenarios for key stock keeping units (SKUs), as was the case in the early months of the COVID-19 pandemic.”
Market barriers to growth include financial considerations and data security issues, as well as IT and operations technology integration challenges. Despite the outsized market presence of Amazon, e-commerce is a highly fragmented market, particularly in North America, Europe, and Asia Pacific. There is a large degree of variation in size, regional, and product focus, and in technological sophistication. Many local players do not have strong sustainability targets and may not have the capital for large structural investments in DSEW technologies.
The report, Decarbonized Solutions in e-Commerce Warehousing, provides participants in industrial verticals an overview of WMS technology applied to e-commerce and its newest hardware, software, and related services applications. The report offers an understanding of important market and technology developments and how they affect decarbonization and market participants. All major global regions are included, and market forecasts for the technologies covered extend through 2030. An executive summary of the report is available for free download on the Guidehouse Insights website.
About Guidehouse Insights
Guidehouse Insights, the dedicated market intelligence arm of Guidehouse, provides research, data, and benchmarking services for today’s rapidly changing and highly regulated industries. Our insights are built on in-depth analysis of global clean technology markets. The team’s research methodology combines supply-side industry analysis, end-user primary research, and demand assessment, paired with a deep examination of technology trends, to provide a comprehensive view of emerging resilient infrastructure systems. Additional information about Guidehouse Insights can be found at www.guidehouseinsights.com.
About Guidehouse
Guidehouse is a leading global provider of consulting services to the public and commercial markets with broad capabilities in management, technology, and risk consulting. We help clients address their toughest challenges and navigate significant regulatory pressures with a focus on transformational change, business resiliency, and technology-driven innovation. Across a range of advisory, consulting, outsourcing, and digital services, we create scalable, innovative solutions that prepare our clients for future growth and success. The company has more than 10,000 professionals in over 50 locations globally. Guidehouse is a Veritas Capital portfolio company, led by seasoned professionals with proven and diverse expertise in traditional and emerging technologies, markets, and agenda-setting issues driving national and global economies. For more information, please visit: www.guidehouse.com.
* The information contained in this press release concerning the report, Decarbonized Solutions in e-Commerce Warehousing, is a summary and reflects the current expectations of Guidehouse Insights based on market data and trend analysis. Market predictions and expectations are inherently uncertain and actual results may differ materially from those contained in this press release or the report. Please refer to the full report for a complete understanding of the assumptions underlying the report’s conclusions and the methodologies used to create the report. Neither Guidehouse Insights nor Guidehouse undertakes any obligation to update any of the information contained in this press release or the report.
Lindsay Funicello-Paul
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