HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P (NYSE: GEL) announced today that it has successfully syndicated and closed on a refinancing of its existing revolving credit facility with $950 million in new commitments from existing lenders, including a new $650 million revolving credit facility and a $300 million Term Loan A, both due March 15, 2024. Proceeds from the Term Loan A will be used to repay an equivalent amount outstanding under the existing revolving facility.
Grant Sims, CEO of Genesis Energy said, “Given improving business and economic conditions and our increasing free cash flow profile, we thought it was timely and prudent to proactively reduce the size, and extend the tenor, of our senior secured facility. With this extension, we now have no maturities until 2024. The new facility provides us with ample liquidity and flexibility to allow our base businesses to continue to recover in advance of first production and significant additional cash flow to come on-line from our two large growth projects in the Gulf of Mexico, Argos and King’s Quay, which are on schedule for the first and second quarters of 2022, respectively. All of this comes in advance of first production of soda ash from our fully expanded Granger facility anticipated in the back half of 2023.
We very much value the relationships with the banks in our group and are very appreciative of their continued support of Genesis. As always, we intend to be prudent as we evaluate additional opportunities to reduce leverage, and we remain steadfast in our commitment to reaching our target long-term leverage ratio of 4.0x.
Turning briefly to our operations for the first quarter, we would re-confirm our expectation for our offshore segment returning to a normalized quarterly run rate of around $85 million of Segment Margin. Additionally, we set an all-time record for first quarter production from our Westvaco soda ash facility. Finally, we experienced a de minimus financial impact from the winter storms that gripped much of Texas and Louisiana in February and March.”
As mentioned above, the new facility is comprised of a $650 million revolving facility and a $300 million Term Loan A, the proceeds from which will be used to pay down the balance under our existing revolver. The term loan will begin amortizing at the end of the fourth quarter of 2021 at $15 million per quarter through the fourth quarter of 2022, increasing to $25 million a quarter thereafter with the balance due at maturity. The relevant covenants contained in the new facility are summarized below:
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Actual results may vary materially. All statements, other than statements of historical facts, included in this release that address activities, events or developments that we expect, believe or anticipate will or may occur in the future, including but not limited to statements relating to future financial and operating results and our strategy and plans are forward-looking statements, and historical performance is not necessarily indicative of future performance. Those forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, factors and risks, many of which are outside our control, that could cause results to differ materially from those expected by management. Such risks and uncertainties include but are not limited to weather, political, economic and market conditions, and other uncertainties that are described more fully in our Annual Report on Form 10-K for the year ended December 31, 2020 filed with the Securities and Exchange Commission and other filings, including our Current Reports on Form 8-K and Quarterly Reports on Form 10-Q. We undertake no obligation to publicly update or revise any forward-looking statement.
Genesis Energy, L.P.
Ryan Sims
SVP – Finance and Corporate Development
(713) 860-2521
LOS ANGELES--(BUSINESS WIRE)--AECOM (NYSE: ACM) (“we,” “us,” “our” or the “Company”), the world’s premier infrastructure consulting firm, today announced that, in connection with its previously announced tender offer (the “Tender Offer”) to purchase for cash certain of its 5.875% Senior Notes due 2024 (the “Notes”), it is increasing the Aggregate Maximum Purchase Price from $500 million to $700 million (as amended, the “Aggregate Maximum Purchase Price”).
Accordingly, all Notes tendered prior to 5:00 p.m. New York City time, on April 6, 2021 (the “Early Tender Deadline”) are expected to be accepted for purchase on April 13, 2021 (the “Early Settlement Date”), with no tendered Notes being subject to proration. As of the date hereof, no additional Notes have been tendered after the Early Tender Deadline.
The terms and conditions of the Tender Offer and the Consent Solicitation are described in an Offer to Purchase and Consent Solicitation Statement, dated March 24, 2021, as amended by this press release (the “Offer to Purchase and Consent Solicitation Statement”). The following table summarizes the material terms of the Tender Offer and the aggregate principal amount of Notes validly tendered and not validly withdrawn at or prior to the Early Tender Deadline.
Title
|
CUSIP Number |
Aggregate
|
Aggregate
|
Aggregate
|
Early Tender
|
Tender Offer
|
Total
|
5.875% Senior
|
00766TAD2 |
$797,252,000 |
$607,940,000 |
$700,000,000 |
$30.00 |
$1,116.25 |
$1,146.25 |
(1) |
Per $1,000 principal amount of Notes tendered and accepted for purchase. |
|
(2) |
Included in the Total Consideration for Notes tendered and accepted for purchase on or prior to the Early Tender Deadline. |
|
(3) |
Does not include accrued and unpaid interest from the last date on which interest has been paid to, but excluding, the Early Settlement Date (as defined below) or the Final Settlement Date (as defined below), as applicable, that will be paid on the Notes accepted for purchase. |
In addition, AECOM announced the Tender Offer will now expire immediately after 11:59 p.m. New York City time, on April 23, 2021, unless extended or earlier terminated by the Company (as amended, the “Expiration Time”). Except for the amendments described in this press release, all other terms and conditions of the Tender Offer and the Consent Solicitation remain unchanged.
The consummation of the Tender Offer is subject to, and conditioned upon, the satisfaction or waiver of certain conditions described in the Offer to Purchase and Consent Solicitation Statement, including the Company entering into a new senior secured term loan credit facility on terms and conditions satisfactory to the Company, the net proceeds of which, together with cash on hand, are sufficient to fund the purchase of the Notes validly tendered and accepted for purchase.
Registered holders (each, a “Holder” and, collectively, the “Holders”) of Notes that are validly tendered on or prior to the Expiration Time and accepted for purchase by the Company pursuant to the Tender Offer will receive the Tender Offer Consideration set forth in the table above. No tenders submitted after the Expiration Time will be valid. Tendered Notes may no longer be withdrawn, except in certain limited circumstances where additional withdrawal or revocation rights are required by law. Holders of all Notes validly tendered and accepted for purchase pursuant to the Tender Offer will receive accrued and unpaid interest on such Notes from the last date on which interest has been paid to, but excluding, the Early Settlement Date or the Final Settlement Date, as applicable.
As previously announced, in connection with the Consent Solicitation (as defined in the Offer to Purchase and Consent Solicitation Statement), after receipt of at least a majority of the principal amount of the Notes on April 6, 2021, the Company and the Trustee executed a supplemental indenture (the “Supplemental Indenture”) to the Indenture giving effect to the Proposed Amendments. The Supplemental Indenture became effective upon execution by the Company and the Trustee and the proposed amendments will become operative upon the Company accepting and making payment for all Notes tendered by the Early Settlement Date, subject to further terms described in the Offer to Purchase and Consent Solicitation Statement.
Subject to the Aggregate Maximum Purchase Price, the Company will purchase Notes that have been validly tendered and not validly withdrawn after the Early Tender Deadline and on or prior to the Expiration Time on or about April 26, 2021 (the “Final Settlement Date”), assuming that the conditions to the Tender Offer and the Consent Solicitation are satisfied or waived.
This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any security. No offer, solicitation, or sale will be made in any jurisdiction in which such an offer, solicitation, or sale would be unlawful.
BofA Securities is the dealer manager (the “Dealer Manager”) in the Tender Offer and the Consent Solicitation. D.F. King & Co., Inc. has been retained to serve as the tender and information agent (the “Tender and Information Agent”) for the Tender Offer and the Consent Solicitation. Questions regarding the Tender Offer and the Consent Solicitation should be directed to BofA Securities at (980) 388-3646 (all call) 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 Consent Solicitation Statement and other related materials should be directed to D.F. King & Co., Inc. at (800) 290-6426 (all call), (212) 232-3233 (Banks and Brokers) or at This email address is being protected from spambots. You need JavaScript enabled to view it..
None of the Company, its board of directors, the Dealer Manager, the Tender and Information Agent, the Trustee under the Indenture, the Depository Trust Company nor any of their respective affiliates, makes any recommendation as to whether any Holder should tender or deliver, or refrain from tendering or delivering, any or all of such Holder’s Notes or the Consents, and none of the Company nor any of its affiliates has authorized any person to make any such recommendation. The Tender Offer and the Consent Solicitation are made only by the Offer to Purchase and Consent Solicitation Statement. The Tender Offer and the Consent Solicitation are not being made to Holders of Notes in any jurisdiction in which the making or acceptance thereof would not be in compliance with the securities, blue sky or other laws of such jurisdiction. In any jurisdiction where the securities, blue sky or other laws require the Tender Offer and the Consent Solicitation to be made by a licensed broker or dealer, the Tender Offer and the Consent Solicitation will be deemed to be made on behalf of the Company by the Dealer Manager or one or more registered brokers or dealers that are licensed under the laws of such jurisdiction.
About AECOM
AECOM (NYSE: ACM) is the world’s premier infrastructure consulting firm, delivering professional services throughout the project lifecycle – from planning, design and engineering to program and construction management. On projects spanning transportation, buildings, water, energy and the environment, our public- and private-sector clients trust us to solve their most complex challenges. Our teams are driven by a common purpose to deliver a better world through our unrivaled technical expertise and innovation, a culture of equity, diversity and inclusion, and a commitment to environmental, social and governance priorities. AECOM is a Fortune 500 firm and its Professional Services business had revenue of $13.2 billion in fiscal year 2020.
Forward-Looking Statements
All statements in this communication other than statements of historical fact are “forward-looking statements” for purposes of federal and state securities laws, including any statements of the plans, strategies and objectives for future operations, profitability, strategic value creation, coronavirus impacts, risk profile and investment strategies, and any statements regarding future economic conditions or performance, and the expected financial and operational results of AECOM. Although we believe that the expectations reflected in our forward-looking statements are reasonable, actual results could differ materially from those projected or assumed in any of our forward-looking statements. Important factors that could cause our actual results, performance and achievements, or industry results to differ materially from estimates or projections contained in our forward-looking statements include, but are not limited to, the following: our business is cyclical and vulnerable to economic downturns and client spending reductions; impacts caused by the coronavirus and the related economic instability and market volatility, including the reaction of governments to the coronavirus, including any prolonged period of travel, commercial or other similar restrictions, the delay in commencement, or temporary or permanent halting of construction, infrastructure or other projects, requirements that we remove our employees or personnel from the field for their protection, and delays or reductions in planned initiatives by our governmental or commercial clients or potential clients; losses under fixed-price contracts; limited control over operations run through our joint venture entities; liability for misconduct by our employees or consultants; failure to comply with laws or regulations applicable to our business; maintaining adequate surety and financial capacity; high leverage and potential inability to service our debt and guarantees; exposure to Brexit; exposure to political and economic risks in different countries; currency exchange rate fluctuations; retaining and recruiting key technical and management personnel; legal claims; inadequate insurance coverage; environmental law compliance and adequate nuclear indemnification; unexpected adjustments and cancellations related to our backlog; partners and third parties who may fail to satisfy their legal obligations; AECOM Capital real estate development projects; managing pension costs; cybersecurity issues, IT outages and data privacy; risks associated with the benefits and costs of the Power transaction and other recent acquisitions and divestitures, including the risk that the expected benefits of such transactions or any contingent purchase price will not be realized within the expected time frame, in full or at all; the risk that costs of restructuring transactions and other costs incurred in connection with recent acquisitions and divestitures will exceed our estimates or otherwise adversely affect our business or operations; as well as other additional risks and factors that could cause actual results to differ materially from our forward-looking statements set forth in our reports filed with the Securities and Exchange Commission. Any forward-looking statements are made as of the date hereof. We do not intend, and undertake no obligation, to update any forward-looking statement.
Investor:
Will Gabrielski
Senior Vice President, Investor Relations
213.593.8208
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Media:
Brendan Ranson-Walsh
Vice President, Global Communications & Corporate Responsibility
213.996.2367
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VALLEY FORGE, Pa.--(BUSINESS WIRE)--#CEO--UGI Corporation (NYSE: UGI) announced today that John L. Walsh, age 65, intends to retire as President and Chief Executive Officer on June 25, 2021. Mr. Walsh will continue to serve as a member of UGI’s Board of Directors. Roger Perreault, age 57, will become President and Chief Executive Officer of UGI and will join the UGI Board as a Director upon Mr. Walsh’s retirement. Mr. Perreault currently serves as UGI’s Executive Vice President, Global LPG, and President of UGI’s subsidiary, UGI International, LLC.
Mr. Walsh has served as Chief Executive Officer of UGI since 2013 and as President and a Director since 2005. Mr. Walsh previously served as UGI’s Chief Operating Officer from 2005 to 2013 and as the President and Chief Executive Officer of UGI Utilities, Inc., a subsidiary of UGI, from 2009 to 2011. Prior to joining UGI, Mr. Walsh held various senior management positions at the BOC Group plc (an industrial gas company) from 1986 to 2005.
Frank S. Hermance, UGI’s Chair of the Board of Directors, stated, “During John’s time as President and CEO, the company experienced significant growth and value creation for UGI shareholders and executed on key strategic investments, including the Totalgaz France acquisition, the AmeriGas merger, the Columbia Midstream acquisition and the pending Mountaineer Gas acquisition. In addition to his impressive track record of financial and operational success, John has made significant progress on the company’s critical environmental, social and governance initiatives, including investment in renewable and sustainable energy solutions, commitment to greenhouse gas emission reduction targets and promotion of diversity and inclusion through the company’s Belonging, Inclusion, Diversity & Equity initiative. Most recently, we are grateful to John for his unwavering leadership of the company through the challenges and uncertainty of the COVID-19 pandemic.” Mr. Hermance continued, “We wish John a long, happy and healthy future retirement, and we are very pleased that the UGI shareholders will continue to benefit from John’s leadership as a member of UGI’s Board of Directors.”
Mr. Perreault joined UGI in 2015 as President of UGI International, LLC and has served as UGI’s Executive Vice President, Global LPG since 2018. Prior to joining UGI, Mr. Perreault spent 21 years at Air Liquide, a world leader in gases, technologies and services for industry and health, where he served in various leadership positions globally. At Air Liquide, Mr. Perreault was President of its large industries business, and prior to that, was responsible for Air Liquide’s North American large industries business. The large industries business line provides comprehensive gas and energy solutions to customers in the metals, chemicals, refining and energy industries.
Mr. Walsh stated, “I am very pleased with the Board’s decision to appoint Roger Perreault as my successor as UGI’s President and Chief Executive Officer. Roger has been an invaluable addition to the company since joining UGI in 2015 and has had a significant impact on UGI Corporation and our Global LPG business through his leadership of the ongoing UGI International and AmeriGas transformation projects designed to improve long-term operational performance and deliver an enhanced customer experience. He has also taken a lead role in developing many of the renewable energy solutions opportunities that are so critical to our future. Roger’s broad global experience, rigorous focus on operational excellence and customer service mindset will be critical to UGI’s continued evolution of its natural gas, LPG and renewable energy businesses. I am confident that UGI and its shareholders will benefit from Roger’s strong leadership and I wish him success in his new role. I am also pleased to be continuing in my role as a member of the Board of Directors and I look forward to continuing to contribute to the future success of UGI in that capacity.”
About UGI Corporation
UGI Corporation is a distributor and marketer of energy products and services. Through subsidiaries, UGI operates natural gas and electric utilities in Pennsylvania, distributes LPG both domestically (through AmeriGas) and internationally (through UGI International), manages midstream energy assets in Pennsylvania, Ohio, and West Virginia and electric generation assets in Pennsylvania, and engages in energy marketing, including renewable natural gas, in twelve states and the District of Columbia and internationally in France, Belgium, the Netherlands and the UK.
Comprehensive information about UGI Corporation is available on the Internet at https://www.ugicorp.com.
Investor Relations
Tameka Morris, 610-456-6297
Arnab Mukherjee, 610-768-7498
Shelly Oates, 610-337-1000 ext. 3202
HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its first quarter 2021 results on Monday, April 26, 2021, after the close of business. The press release and associated slide presentation will be available on Helix's website, www.HelixESG.com.
Helix will review its first quarter 2021 results on Tuesday, April 27, 2021, at 9:00 a.m. Central Time via a live webcast and teleconference. The live webcast will be available on our website under "For the Investor." Investors and other interested parties wishing to dial in to the teleconference may join by dialing 1-800-771-6871 for participants in the United States or 1-303-223-0117 for international participants. The passcode is "Staffeldt." A replay of the webcast will be available on our website under "For the Investor" by selecting the "Audio Archives" link beginning approximately two hours after the completion of the event.
About Helix
Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention and robotics operations. For more information about Helix, please visit our website at www.HelixESG.com.
Erik Staffeldt
Executive Vice President & CFO
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281-618-0465
HOUSTON--(BUSINESS WIRE)--AFG Holdings, Inc. (“AFG” or the “Company”) today announced that its Board of Directors has appointed Michael Walter as Chief Executive Officer, effective immediately. Mike most recently served as President of Wyman Gordon Forgings, a division of Precision Castparts Corporation. Mike succeeds Curtis Samford following his unexpected passing in February.
Evan Middleton, on behalf of the Board of Directors, stated, “Mike is a seasoned executive with a proven track record of leading scaled organizations similar to AFG. He will bring a wealth of market knowledge, relationships, and leadership acumen at a critical time for AFG as the Company continues its growth plan.”
“I am pleased to join a diversified company with deep roots in the industrial forging, aerospace and oil and gas markets,” said Mike. “While I am saddened to join under these circumstances, I intend to carry forward the Company’s mission while accelerating profitability and growth for our stakeholders.”
Throughout his career, Mike has held several leadership positions in the industrial forgings and metal products business, serving the aerospace, transportation and oil and gas markets. As President of Wyman Gordon, he was responsible for a multi-national business, overseeing all aspects of the company’s business strategy, operations, and finance, while managing significant strategic acquisitions and integrations.
About AFG Holdings, Inc.
AFG Holdings, Inc. is a fully integrated OEM providing differentiated technology, products, and services. The Company maintains a market-leading position in many of its businesses, including aerospace, general industrial, oil and gas, and power generation.
Christine Mathers - Vice President, Marketing & Communications
AFG Holdings, Inc. | 713.393.4361 | This email address is being protected from spambots. You need JavaScript enabled to view it.
EIG-led consortium to acquire 49% equity stake in new entity, Aramco Oil Pipelines Co., with rights to 25-years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network
One of the world’s largest energy infrastructure transactions
WASHINGTON--(BUSINESS WIRE)--EIG, a leading institutional investor to the global energy sector and one of the world’s leading infrastructure investors, today announced that it has entered into a lease and lease-back agreement with Saudi Arabian Oil Co. ("Aramco"), under which a consortium of investors led by EIG will acquire a 49% equity stake in Aramco Oil Pipelines Company (“Aramco Oil Pipelines”), a newly formed entity with rights to 25-years of tariff payments for oil transported through Aramco’s stabilized crude oil pipeline network. The transaction is valued at approximately $12.4 billion with Aramco holding the remaining 51% stake in the new entity, indicating a total equity value of Aramco Oil Pipelines of approximately $25.3 billion.
The pipeline network, which includes all of Aramco’s existing and future stabilized crude pipelines in the Kingdom of Saudi Arabia, connects oilfields to downstream networks. The pipeline network transports 100% of Aramco’s crude oil produced in the Kingdom under its Concession Agreement.
As part of the transaction, Aramco will lease the usage rights in its stabilized crude oil pipelines network to Aramco Oil Pipelines, and Aramco Oil Pipelines will grant back to Aramco the exclusive right to use, transport through, operate and maintain the pipeline network during the 25-year period in exchange for a quarterly, volume-based tariff, payable by Aramco. The tariff will be backed by minimum volume commitments. Aramco will at all times retain title to, and operational control of, the pipeline network and will assume all operating and capital expense risk. The transaction will not impose any restrictions on Aramco’s actual crude oil production volumes that are subject to production decisions issued by the Kingdom.
“This is an extraordinary opportunity for EIG’s investors, and we are proud to partner with Aramco in this marquee global infrastructure asset,” said R. Blair Thomas, EIG’s Chairman and CEO. “This transaction aligns perfectly with EIG’s philosophy of investing in high-quality assets with contracted cash flows in critical infrastructure. We look forward to a long-term partnership with Aramco and to delivering value for our investors through this landmark investment.”
Aramco President & CEO, Amin H. Nasser, said: “This landmark transaction defines the way forward for our portfolio optimization program. We are capitalizing on new opportunities that also align strategically with the Kingdom’s recently-launched Shareek program. Aramco’s strong capital structure will be further enhanced with this deal, which in turn will help maximize returns for our shareholders. Additionally, our long-term partners in this venture will benefit from investment in one of the world’s most impressive energy infrastructures. Moving forward, we will continue to explore opportunities that underpin our strategy of long-term value creation.”
The transaction is expected to close as soon as practicable, subject to customary closing conditions, including any required merger control and related regulatory approvals.
HSBC Bank plc acted as financial advisor to EIG in connection with the transaction, and Latham & Watkins served as EIG’s legal advisor.
About EIG
EIG is a leading institutional investor to the global energy sector with $22.0 billion under management as of December 31, 2020. EIG specializes in private investments in energy and energy-related infrastructure on a global basis. During its 39-year history, EIG has committed over $34.9 billion to the energy sector through more than 365 projects or companies in 36 countries on six continents. EIG’s clients include many of the leading pension plans, insurance companies, endowments, foundations and sovereign wealth funds in the U.S., Asia and Europe. EIG is headquartered in Washington, D.C. with offices in Houston, London, Sydney, Rio de Janeiro, Hong Kong and Seoul. For additional information, please visit EIG’s website at www.eigpartners.com.
About Aramco
Aramco is a global integrated energy and chemicals company. We are driven by our core belief that energy is opportunity. From producing approximately one in every eight barrels of the world’s oil supply to developing new energy technologies, our global team is dedicated to creating impact in all that we do. We focus on making our resources more dependable, more sustainable and more useful. This helps promote stability and long-term growth around the world. www.aramco.com.
EIG
Sard Verbinnen & Co.
Kelly Kimberly / Brandon Messina
+1 212-687-8080
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Aramco
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Purchase of leading solar developer and installer significantly expands project pipeline, geographic presence in California, and adds proprietary rooftop solar technology
BOULDER, Colo.--(BUSINESS WIRE)--Catalyze today announced it has acquired award-winning solar developer and installer PermaCity, representing a major strategic transaction in Catalyze’s recently-announced market consolidation strategy. Catalyze is a leading national independent power producer that develops, constructs, owns and operates renewable distributed generation and storage projects for commercial and industrial (C&I) customers.
With a commitment to deliver more than 400 megawatts (MWs) of projects within the next few years, PermaCity expands Catalyze’s project pipeline to more than 2 gigawatts and establishes a stronghold in the large California distributed solar market.
The transaction is expected to produce substantial synergies between the two companies as Catalyze will use PermaCity’s revolutionary and proprietary rooftop solar panel mounting technology, “SolarStrap,” to deploy rooftop solar projects more quickly, efficiently, and profitably nationwide. In addition, PermaCity will now be able to provide battery storage solutions in partnership with Catalyze for their existing and future customers.
Headquartered in Los Angeles, PermaCity was founded in 2003 by Jonathan Port. The company has developed more than 100 MWs of installed and operating solar generation on more than 9 million square feet of commercial roofs, including the Westmont Industrial Complex, the largest solar roof in the U.S. at 16.4 MWs, the L.A. Convention Center, Fox Studios, and many others.
“By acquiring PermaCity, not only are we adding an experienced professional team from the most successful C&I solar developer and installer in Southern California, we also gain the ability to implement the SolarStrap rooftop installation strategy which enables us to rapidly and efficiently deploy hundreds of rooftop projects for our customers,” said Catalyze Chief Executive Officer Steve Luker. “This standardization of rooftop installations will drive down costs, decrease construction time and allow us to deploy more capital across a larger number of rooftop projects, all of which is critical in meeting requirements from large customers with multiple installations occurring in parallel across the country.”
PermaCity will now operate as a business unit of Catalyze and Port will continue to lead the PermaCity division while also joining Catalyze’s executive leadership team. As part of the transaction PermaCity also has access to Catalyze’s proprietary origination-to-operations software integration platform, REenergyze™, battery storage and integration expertise, supply chain, project capital, tax equity partners, and shared services.
“We looked at several options for financing projects, but the magnitude of the opportunity created by integrating PermaCity and Catalyze went far beyond that of any other mere capital provider and we can now offer more complete solutions to customers plus pursue previously unavailable opportunities,” said Port. “Catalyze’s REenergyze™ platform is a game changer for this sector, and the combination of their integrated battery storage solutions and PermaCity’s demonstrated experience with SolarStrap technology creates the ability to dominate the C&I market.”
Catalyze, which is backed by leading energy investors EnCap Investments L.P. and Yorktown Partners LLC, recently purchased two community solar projects in upstate New York and integrated battery storage provider Prisma Energy Solutions at the beginning of the year.
“We couldn’t be more excited about the integration of PermaCity into the growing Catalyze family,” said Catalyze Vice President of Corporate Development Kenton Harder. “The highly-fragmented C&I solar industry is ripe for consolidation and efficiency gains. Catalyze, with its combination of powerful proprietary technologies, financial strength, and battery storage savvy, is in an even stronger position to lead a market consolidation effort with PermaCity on board.”
About Catalyze
Catalyze is a developer and independent power producer of renewable distributed generation, storage and electric vehicle projects, unlocking the commercial and industrial markets at scale through a first-of-its-kind approach. The company owns and operates integrated renewable assets and combines its proprietary technology, financial strength and battery and electric vehicle savvy to deliver standardized, yet configurable systems that meet their partners’ unique needs. These offerings enable property owners and customers to extract greater value from their assets, take increased responsibility and ownership of their energy profile, and ultimately become part of the clean energy transition. Catalyze is headquartered in Boulder, Colorado with offices in California, Massachusetts and Texas and is backed by leading energy investors EnCap Investments, L.P. and Yorktown Partners LLC. For more information, visit https://catalyze.energy/.
About EnCap Investments L.P.
Since 1988, EnCap Investments has been the leading provider of venture capital to the independent sector of the US energy industry. The firm has raised 21 institutional investment funds totaling approximately $37 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.
About Yorktown Partners LLC
Yorktown Partners LLC is an energy-focused private equity firm that has raised $9 billion of capital commitments across thirteen partnerships since 1991. The firm has provided financing and leadership to over 90 companies in the energy industry. Yorktown’s principals are significant investors in their partnerships. Yorktown's limited partners include endowments, foundations, families, insurance companies, and other institutional investors. To learn more about Yorktown, see www.yorktownenergy.com.
Media Contacts:
For Catalyze
Lauren Williams, This email address is being protected from spambots. You need JavaScript enabled to view it. | O: 713-627-2223, M: 319-538-7212
For EnCap Investments, L.P.
Casey Nikoloric, This email address is being protected from spambots. You need JavaScript enabled to view it. | O: 303.433.4397, x101, M: 303.507.0510
For Yorktown Partners, LLC
Tomás LaCosta, This email address is being protected from spambots. You need JavaScript enabled to view it. | O: 212-515-2114
PORTLAND, Ore.--(BUSINESS WIRE)--Northwest Natural Holding Company (NYSE: NWN) (NW Natural Holdings) announced today it will issue its first quarter 2021 earnings release and conduct an analyst conference call and webcast to review results at 8 a.m. Pacific Time (11 a.m. Eastern Time) on Wednesday, May 5, 2021.
To hear the conference by webcast, log on to NW Natural Holdings’ corporate website at ir.nwnaturalholdings.com. To hear the conference call by phone, please dial 1-866-267-6789 within the United States and 1-855-669-9657 from Canada. International callers can dial 1-412-902-4110.
To access the conference replay, please call 1-877-344-7529 within the United States and enter the conference identification pass code 10154315. To hear the replay from Canada, please dial 1-855-669-9658 and from international locations, please dial 1-412-317-0088.
About NW Natural Holdings
Northwest Natural Holding Company, (NYSE: NWN) (NW Natural Holdings), is headquartered in Portland, Oregon and has been doing business for more than 160 years. It owns Northwest Natural Gas Company (NW Natural), NW Natural Water Company (NW Natural Water), and other business interests.
NW Natural is a local distribution company that currently provides natural gas service to approximately 2.5 million people in more than 140 communities through more than 770,000 meters in Oregon and Southwest Washington with one of the most modern pipeline systems in the nation. NW Natural consistently leads the industry with high J.D. Power & Associates customer satisfaction scores. NW Natural owns and operates 20 Bcf of underground gas storage capacity in Oregon.
NW Natural Water provides water distribution and wastewater services to communities throughout the Pacific Northwest and Texas. NW Natural Water currently serves approximately 63,000 people through about 26,000 connections. Learn more about our water business at nwnaturalwater.com.
Additional information is available at nwnaturalholdings.com.
Investor and Media Contact:
Nikki Sparley
Phone: 503-721-2530
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
SCHAFFHAUSEN, Switzerland--(BUSINESS WIRE)--Garmin® Ltd. (Nasdaq: GRMN) invites shareholders and investors to join Garmin executives for its first quarter 2021 earnings conference call that will be livestreamed on Wed., April 28, 2021 at 10:30 a.m. ET. The call will be held in conjunction with the company's earnings release, which will be distributed prior to market open on April 28, 2021.
What: Garmin Ltd. First Quarter 2021 Earnings Call
When: Wednesday, April 28, 2021 at 10:30 a.m. ET
Where: http://www.garmin.com/en-US/company/investors/events/
How: Join via the website link above or participate by phone by dialing 855-757-3897. (Due to the limited number of lines available, we encourage you to dial-in approximately 15 minutes prior to the start of the call.)
Contact: This email address is being protected from spambots. You need JavaScript enabled to view it.
An archive of the live webcast will be available until April 27, 2022 on Garmin’s website at www.garmin.com. To access the replay, click on the Investor Relations link and select the Quarterly and Annual Earnings page.
Engineered on the inside for life on the outside, Garmin products have revolutionized the aviation, automotive, fitness, marine and outdoor lifestyles. Dedicated to helping people make the most of the time they spend pursuing their passions, Garmin believes every day is an opportunity to innovate and a chance to beat yesterday. For more information, visit Garmin's virtual pressroom at garmin.com/newsroom, email This email address is being protected from spambots. You need JavaScript enabled to view it., or follow us at linkedin.com/company/garmin, facebook.com/garmin, twitter.com/garminnews, instagram.com/garmin or youtube.com/garmin.
About Garmin Ltd: Garmin Ltd. is incorporated in Switzerland, and its principal subsidiaries are located in the United States, Taiwan and the United Kingdom. Garmin is a registered trademark of Garmin Ltd.
INVESTOR CONTACT:
Teri Seck
Garmin International, Inc.
Phone | 913/397-8200
E-Mail | This email address is being protected from spambots. You need JavaScript enabled to view it.
MEDIA CONTACT:
Carly Hysell
Garmin International, Inc.
Phone | 913/397-8200
E-Mail | This email address is being protected from spambots. You need JavaScript enabled to view it.
PARIS--(BUSINESS WIRE)--Regulatory News:
Technip Energies (PARIS:TE) will issue its first quarter 2021 financial results on Thursday April 22, 2021 at 7 a.m. Paris time. The Company will also host its first quarter 2021 results conference call and webcast on Thursday, April 22, 2021, at 1 p.m. Paris time.
To participate in the conference call, please use any of the following telephone numbers and dial in approximately 10 minutes prior to the scheduled start time:
United Kingdom: +44 (0) 20 7192 8000
France: +33 1 76 70 07 94
United States: +1 631 510 74 95
Conference Code: 9683427
The event will be webcast simultaneously and can be accessed at: https://edge.media-server.com/mmc/p/y6js8by6
To listen to the webcast, please register on the website at least 10 minutes before the call begins. The webcast will be available on-demand shortly after it has finished.
About Technip Energies
Technip Energies is a leading Engineering & Technology company for the energy transition, with leadership positions in Liquefied Natural Gas (LNG), hydrogen and ethylene as well as growing market positions in blue and green hydrogen, sustainable chemistry and CO2 management. The company benefits from its robust project delivery model supported by extensive technology, products and services offering.
Operating in 34 countries, our 15,000 people are fully committed to bringing our client’s innovative projects to life, breaking boundaries to accelerate the energy transition for a better tomorrow.
Technip Energies is listed on Euronext Paris with American depositary receipts (“ADRs”) trading over-the-counter in the United States. For further information: www.technipenergies.com.
Investor relations
Phil Lindsay
Vice-President Investor Relations
Tel: +44 203 429 3929
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Media relations
Stella Fumey
Director Press Relations & Digital Communications
Tel: +33 1 85 67 40 95
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Jason Hyonne
Press Relations & Social Media Lead
Tel: +33 1 47 78 22 89
Email: This email address is being protected from spambots. You need JavaScript enabled to view it.
AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (“REG”) (NASDAQ: REGI) announced today that it will redeem all of its outstanding 4.00% Convertible Senior Notes due 2036 (CUSIP No. 75972A AC7) (the “Notes”) on June 15, 2021 (the “Redemption Date”) at a redemption price (the “Redemption Price”) equal to 100% of the principal amount of the Notes redeemed. Because the Redemption Date is the interest payment date relating to the regular record date of June 1, 2021, the holder of a Note as of 5:00 p.m., New York City time, on June 1, 2021 will be entitled, notwithstanding the redemption of the Notes, to receive, on the Redemption Date, the unpaid interest that would have accrued on such Note to, but excluding, the Redemption Date and, accordingly, the Redemption Price to be paid to the redeeming holder of a Note will not include accrued and unpaid interest on such Note to, but excluding, the Redemption Date. As of April 11, 2021, there was approximately $31.4 million aggregate principal amount of the Notes outstanding.
The Notes may be converted at any time before 5:00 p.m., New York City time, on June 11, 2021, which is the second business day immediately before the Redemption Date, in accordance with and subject to the terms of the Indenture governing the Notes, dated as of June 2, 2016 (the “Indenture”) and the Notes. REG has determined that Notes surrendered for conversion will be settled in cash up to the principal amount of the Notes surrendered for conversion and shares of REG common stock for the remainder of the conversion obligation, if any, in excess of the principal amount (provided that REG will pay cash in lieu of issuing fractional shares) in accordance with the terms of the Indenture. The Notes are currently convertible at a conversion rate of 92.8074 shares of REG common stock per $1,000 principal amount of Notes.
Unless REG defaults in making payment of the Redemption Price, interest on the Notes will cease to accrue from and after the Redemption Date and thereafter the only remaining right of a holder of Notes will be the right to receive payment of the Redemption Price upon surrender of Notes to the Paying Agent. Notes called for redemption must be surrendered to the Paying Agent through the facilities of The Depository Trust Company to collect the Redemption Price.
Additional Information
Wilmington Trust, National Association, as Trustee for the Notes, is sending a Notice of Full Redemption to all registered holders.
This press release is for informational purposes only and does not constitute a notice of redemption of the Notes or an offer to sell or the solicitation of an offer to buy securities in any jurisdiction.
About Renewable Energy Group
Renewable Energy Group, Inc. (NASDAQ: REGI) is leading the energy industry’s transition to sustainability by transforming renewable resources into high-quality, cleaner fuels. REG is an international producer of cleaner fuels and North America’s largest producer of biodiesel. REG solutions are alternatives for petroleum diesel and produce significantly lower carbon emissions. REG utilizes an integrated procurement, distribution and logistics network to operate 12 biorefineries in the U.S. and Europe. In 2020, REG produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. REG is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to redemption of the Notes and conversion of the Notes. These forward-looking statements are based on current expectations and assumptions, are subject to change, and actual results may differ materially. Factors that could cause actual results to differ materially include those relating to difficulties, delays or unexpected costs related to, or REG’s inability to consummate, the redemption of the Notes and other risks described in REG’s annual report on Form 10-K for the year ended December 31, 2020 and from time to time in the REG’s other periodic filings with the SEC. All forward-looking statements are made as of the date of this press release and REG does not undertake to update any forward-looking statements based on new developments or changes in its expectations.
Renewable Energy Group
Todd Robinson
Interim Chief Financial Officer
+1 (515) 239-8048
This email address is being protected from spambots. You need JavaScript enabled to view it.
ST. CATHARINES, Ontario--(BUSINESS WIRE)--Algoma Central Corporation (“Algoma” or the “Company”) (TSX:ALC), a leading supplier of marine transportation services, today announced that the 2021 Annual General and Special Meeting of Shareholders (the “Meeting”) to take place on Wednesday May 5, 2021 at the hour of 11:30 a.m. (EDT) will be held in a virtual-only format via a live webcast.
Due to the ongoing COVID-19 (coronavirus) pandemic, and in an effort to protect the safety of our shareholders, we have chosen to hold our Meeting in a virtual-only format via a live webcast available at www.virtualshareholdermeeting.com/ALC2021 in lieu of a physical meeting. Registered shareholders and duly appointed proxyholders will have an equal opportunity to attend, participate and vote at this virtual Meeting from any location. Non-registered (beneficial) shareholders who have not duly appointed themselves as proxyholders may also attend the Meeting virtually and ask questions but will not be able to vote. Guests will be able to attend virtually and listen to the Meeting but will not be able to vote or ask questions during the Meeting. A summary of the information shareholders will need in order to attend, participate and vote at the Meeting is provided in the How to Vote section of the Company’s 2021 Management Information Circular (the “Circular”) available at www.algonet.com/investor-relations.
Shareholders are encouraged to vote in advance of the Meeting using the methods described on either your proxy form (registered shareholders) or your voting instruction form (non-registered [beneficial] shareholders). Instructions on how to vote at the Meeting can also be found in the Circular. Even if you currently plan to participate in the virtual Meeting, we encourage you to vote your shares by proxy in advance so that your vote will be counted if you later decide not to attend the Meeting or in the event that you are unable to access the meeting for any reason.
Voting results for each of the resolutions to be considered by shareholders will be announced after the Meeting and reported on SEDAR at www.sedar.com.
We would like to thank all of our valued shareholders in advance for your understanding and cooperation.
About Algoma Central Corporation
Algoma owns and operates the largest fleet of dry and liquid bulk carriers operating on the Great Lakes – St. Lawrence Waterway, including self-unloading dry-bulk carriers, gearless dry-bulk carriers, cement carriers and product tankers. Algoma also owns ocean self-unloading dry-bulk vessels operating in international markets and a 50% interest in NovaAlgoma, which owns and operates a diversified portfolio of dry-bulk fleets serving customers internationally.
Gregg A. Ruhl
President & CEO
905-687-7890
Peter D. Winkley CPA, CA
Chief Financial Officer
905-687-7897
Or visit www.algonet.com
DUBLIN--(BUSINESS WIRE)--The "Ultracapacitors - Global Market Trajectory & Analytics" report has been added to ResearchAndMarkets.com's offering.
Global Ultracapacitors Market to Reach $12.6 Billion by 2027
Amid the COVID-19 crisis, the global market for Ultracapacitors estimated at US$3.2 Billion in the year 2020, is projected to reach a revised size of US$12.6 Billion by 2027, growing at a CAGR of 21.7% over the analysis period 2020-2027.
Below 10 Volts, one of the segments analyzed in the report, is projected to record a 18.5% CAGR and reach US$2.6 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the 10-25 Volts segment is readjusted to a revised 18.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $949.5 Million, While China is Forecast to Grow at 21.4% CAGR
The Ultracapacitors market in the U.S. is estimated at US$949.5 Million in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$2.2 Billion by the year 2027 trailing a CAGR of 21.5% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 19.1% and 18.8% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 15.5% CAGR.
26-50 Volts Segment to Record 21.1% CAGR
In the global 26-50 Volts segment, USA, Canada, Japan, China and Europe will drive the 21% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$436.9 Million in the year 2020 will reach a projected size of US$1.7 Billion by the close of the analysis period.
China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.5 Billion by the year 2027.
Key Topics Covered:
I. METHODOLOGY
II. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
2. FOCUS ON SELECT PLAYERS (Total 36 Featured):
3. MARKET TRENDS & DRIVERS
4. GLOBAL MARKET PERSPECTIVE
III. MARKET ANALYSIS
IV. COMPETITION
For more information about this report visit https://www.researchandmarkets.com/r/vru8az
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
WHITE PLAINS, N.Y.--(BUSINESS WIRE)--April 9, 2021-- ITT Inc. (NYSE: ITT) will release its first quarter financial results before the opening of The New York Stock Exchange on Friday, May 7, 2021. The company will hold a conference call at 9:00 a.m. Eastern Time to discuss the 2021 first quarter financial results.
To participate on the conference call, please dial +1 (706) 643-7542 approximately ten minutes before the 9:00 a.m. ET start. Please provide ID#: 3580229 to the conference operator. A real- time audio webcast of the presentation can be accessed at www.itt.com/investors, where related materials will be posted prior to the presentation.
A replay of the conference call will be available telephonically from two hours after the call concludes until Friday, May 21, 2021, at midnight. The telephone replay is available by calling +1 (800) 585-8367 (ID#: 3580229).
About ITT
ITT is a diversified leading manufacturer of highly engineered critical components and customized technology solutions for the transportation, industrial, and oil and gas markets. Building on its heritage of innovation, ITT partners with its customers to deliver enduring solutions to the key industries that underpin our modern way of life. ITT is headquartered in White Plains, N.Y., with employees in more than 35 countries and sales in approximately 125 countries. For more information, visit www.itt.com.
Investors
Mark Macaluso
+1 914-641-2064
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DALLAS & OKLAHOMA CITY--(BUSINESS WIRE)--Energy Transfer LP (NYSE: ET) and Enable Midstream Partners, LP (NYSE: ENBL) today announced that following the Securities and Exchange Commission declaring effective the Registration Statement on Form S-4 on April 7, 2021, the two largest Enable unitholders have delivered their written consents to approve the merger of Enable into Energy Transfer. These unitholders, CenterPoint Energy, Inc. (CNP) and OGE Energy Corp (OGE), own approximately 79% of Enable’s outstanding common units. While the consents of CNP and OGE are sufficient to approve the transaction, Enable is requesting all its common unitholders approve the merger and other proposals outlined in the Registration Statement by executing and returning the written consent furnished with the filing. Energy Transfer and Enable expect the transaction to close in mid-2021, subject to the satisfaction of customary closing conditions, including Hart-Scott-Rodino clearance.
About Energy Transfer
Energy Transfer LP (NYSE: ET) owns and operates one of the largest and most diversified portfolios of energy assets in the United States, with a strategic footprint in all of the major domestic production basins. ET is a publicly traded limited partnership with core operations that include complementary natural gas midstream, intrastate and interstate transportation and storage assets; crude oil, NGL and refined product transportation and terminalling assets; NGL fractionation; and various acquisition and marketing assets. ET, through its ownership of Energy Transfer Operating, L.P., also owns Lake Charles LNG Company, as well as the general partner interests, the incentive distribution rights and 28.5 million common units of Sunoco LP (NYSE: SUN), and the general partner interests and 46.1 million common units of USA Compression Partners, LP (NYSE: USAC). For more information, visit the Energy Transfer LP website at https://www.energytransfer.com/.
About Enable
Enable (NYSE: ENBL) owns, operates and develops strategically located natural gas and crude oil infrastructure assets. Enable’s assets include approximately 14,000 miles of natural gas, crude oil, condensate and produced water gathering pipelines, approximately 2.6 Bcf/d of natural gas processing capacity, approximately 7,800 miles of interstate pipelines (including Southeast Supply Header, LLC of which Enable owns 50%), approximately 2,200 miles of intrastate pipelines and seven natural gas storage facilities comprising 84.5 billion cubic feet of storage capacity. For more information, visit https://www.enablemidstream.com/.
Forward-Looking Statements
This release includes “forward-looking” statements. Forward-looking statements are identified as any statement that does not relate strictly to historical or current facts. Statements using words such as “anticipate,” “believe,” “intend,” “project,” “plan,” “expect,” “continue,” “estimate,” “goal,” “forecast,” “may” or similar expressions help identify forward-looking statements. Energy Transfer and Enable cannot give any assurance that expectations and projections about future events will prove to be correct. Forward-looking statements are subject to a variety of risks, uncertainties and assumptions. These risks and uncertainties include the risks that the proposed transaction may not be consummated or the benefits contemplated therefrom may not be realized. Additional risks include: the ability to obtain requisite regulatory approval and the satisfaction of the other conditions to the consummation of the proposed transaction, the ability of Energy Transfer to successfully integrate Enable’s operations and employees and realize anticipated synergies and cost savings, the potential impact of the announcement or consummation of the proposed transaction on relationships, including with employees, suppliers, customers, competitors and credit rating agencies, the ability to achieve revenue, DCF and EBITDA growth, and volatility in the price of oil, natural gas, and natural gas liquids. Actual results and outcomes may differ materially from those expressed in such forward-looking statements. These and other risks and uncertainties are discussed in more detail in filings made by Energy Transfer and Enable with the SEC, which are available to the public. Energy Transfer and Enable undertake no obligation to update publicly or to revise any forward-looking statements, whether as a result of new information, future events or otherwise.
Additional Information and Where to Find It
SECURITY HOLDERS ARE URGED TO READ THE REGISTRATION STATEMENT AND PROXY STATEMENT/PROSPECTUS REGARDING THE TRANSACTION CAREFULLY WHEN IT BECOMES AVAILABLE. These documents and any other documents filed by Energy Transfer and Enable with the SEC, may be obtained free of charge at the SEC’s website, at https://www.sec.gov/. In addition, investors and security holders will be able to obtain free copies of the registration statement and the proxy statement/prospectus by phone, e-mail or written request by contacting the investor relations department of Energy Transfer at the number and address set forth below:
Energy Transfer LP
8111 Westchester Drive, Suite 600
Dallas, Texas 75225
Enable Midstream Partners LP
499 W. Sheridan Ave., Suite 1500
Oklahoma City, OK 73102
No offer or solicitation
This communication relates to a proposed merger (the “Merger”) between Enable and Energy Transfer. This communication is for informational purposes only and does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, in any jurisdiction, pursuant to the Merger or otherwise, nor shall there be any sale, issuance, exchange or transfer of the securities referred to in this document in any jurisdiction in contravention of applicable law. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended.
Participants in the Solicitation
Enable, Energy Transfer, and the directors and executive officers of their respective general partners, CNP (and their affiliates), OGE (and their affiliates) may be deemed to be participants in the solicitation of proxies in respect to the Merger.
Information regarding the directors and executive officers of Enable’s general partner is contained in Enable’s 2020 Annual Report on Form 10-K filed with the SEC on February 24, 2021, and certain of its Quarterly Reports on Form 10-Q Current Reports on Form 8-K. You can obtain a free copy of this document at the SEC’s website at http://www.sec.gov or by accessing Enable’s website at http://www.enablemidstream.com. Information regarding the executive officers and directors of Energy Transfer’s general partner is contained in Energy Transfer’s 2020 Annual Report on Form 10-K filed with the SEC on February 19, 2021 and certain of its Current Reports on Form 8-K. You can obtain a free copy of this document at the SEC’s website at www.sec.gov or by accessing Energy Transfer’s website at http://www.energytransfer.com.
Investors may obtain additional information regarding the interests of those persons and other persons who may be deemed participants in the Merger by reading the consent solicitation statement/prospectus regarding the Merger when it becomes available. You may obtain free copies of this document as described above.
Energy Transfer LP
Investors
Bill Baerg, Brent Ratliff, Lyndsay Hannah
(214) 981-0795
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media
Vicki Granado, Lisa Coleman
(214) 840-5820
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Enable Midstream Partners
Investors
Matt Beasley
(405) 558-4600
Media
Leigh Ann Williams
(405) 553-6947
DUBLIN--(BUSINESS WIRE)--The "Global Green Hydrogen Market (Value, Volume) - Analysis By Technology, Application, By Region, By Country (2021 Edition): Market Insights, Covid-19 Impact, Competition and Forecast (2021-2026)" report has been added to ResearchAndMarkets.com's offering.
Global Green Hydrogen Market in terms of Value was USD 908.15 Million in 2020 with Europe leading regional market share.
Green hydrogen is produced by electrolysis of water for which electric power is utilised, which is generated by renewable energy sources, such as wind or solar energy.
The major factors driving the growth of the global green hydrogen market is the growing demand for renewable energy resources. The adoption rate of green hydrogen is increasing significantly due to the increasing government investments and subsidies promoting clean fuel usage, including hydrogen. These resources are being considered as eco-friendly alternatives to fossil fuel, which is likely to drive the global market during the forecast period.
Among the Technology segment in the Green Hydrogen market (Proton Exchange Membrane Electrolyzer, Alkaline Electrolyzer, Solid Oxide Electrolyzer), Alkaline Electrolyzer segment leads the market. Alkaline electrolyzer operate by the principle of transportation of hydroxide ions via the electrolyte.
These are transferred from the cathode to the anode, while hydrogen is generated on the cathode side during the process. These electrolyzer use potassium or sodium hydroxide based liquid alkaline solution as an electrolyte. This type of electrolyzer is supplied by many companies, such as Tianjin Mainland Hydrogen Equipment Co., Ltd. (THE), one of the leading suppliers of this equipment.
Based on Application (Power Generation, Transport and Others), Power Generation segment gains a considerable share. Power demand has been increasing to a noteworthy extent. An increase in the global population, rapid industrialisation in emerging economies, and the migration of population into urban areas are likely to drive the demand for energy and power.
The European Region dominates the Green Hydrogen market. The region has an extensive oil and gas infrastructure, which has tremendous potential to be converted into infrastructure for hydrogen production, storage, and transportation while also creating job opportunities.
Scope of the Report
Key Target Audience
Key Topics Covered:
1. Report Scope and Methodology
2. Strategic Recommendations
3. Global Green Hydrogen Market Product Outlook
4. Global Green Hydrogen Market: An Analysis
4.1 Market Size, By Value, Year 2016-2026
4.2 Market Size, By Volume, Year 2016-2026
4.3 Market Growth Rate, Year 2016-2026
5. Global Green Hydrogen Market Segmentation By Technology (By Value, By Volume)
5.1 Competitive Scenario of Global Green Hydrogen Market: By Technology
5.2 Proton Exchange Membrane Electrolyzer Market - Size and Forecast (2021-2026)
5.3 Alkaline Electrolyzer Market -Size and Forecast (2021-2026)
5.4 Solid Oxide Electrolyzer - Market Size and Forecast (2021-2026)
6. Global Green Hydrogen Market Segmentation By End-User (By Value, By Volume)
6.1 Competitive Scenario of Global Green Hydrogen Market: By Application
6.2 Power Generation Market - Size and Forecast (2021-2026)
6.3 Transport Market - Size and Forecast (2021-2026)
6.4 Others Market - Size and Forecast (2021-2026)
7. Global Green Hydrogen Market: Regional Analysis
7.1 Competitive Scenario of Global Green Hydrogen Market: By Region
8. North America Green Hydrogen Market: An Analysis (2021-2026), (By Value, By Volume)
9. Europe Green Hydrogen Market: An Analysis (2021-2026), (By Value, By Volume)
10. Asia Pacific Green Hydrogen Market: An Analysis (2021-2026), (By Value, By Volume)
11. Global Green Hydrogen Market Dynamics
11.1 Global Green Hydrogen Market Drivers
11.2 Global Green Hydrogen Market Restraints
11.3 Global Green Hydrogen Market Trends
12. Market Attractiveness and Strategic Analysis
12.1 Market Attractiveness
12.1.1 Market Attractiveness Chart of Global Green Hydrogen Market - By Technology, By Value (Year-2026)
12.1.2 Market Attractiveness Chart of Global Green Hydrogen Market - By Application, By Value (Year-2026)
12.1.3 Market Attractiveness Chart of Global Green Hydrogen Market - By Region, By Value (Year-2026)
12.2 Strategic Analysis
12.2.1 Mergers and Acquisitions
12.2.2 Recent Industry Developments
13. Competitive Landscape
13.1 Market Share Analysis
13.2 Competitive Positioning (Leaders, Challengers, Followers, Niche Players)
14. Company Profiles (Business Description, Financial Analysis, Business Strategy)
14.1 Linde plc
14.2 Air Liquide
14.3 Siemens
14.4 Air Products & Chemicals
14.5 Plug Power
14.6 Nel Hydrogen
14.7 Green Hydrogen Systems
14.8 Solena Group
14.9 ERGOSUP
14.10 Loop Energy Inc.
For more information about this report visit https://www.researchandmarkets.com/r/f825ih
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
AUSTIN, Texas--(BUSINESS WIRE)--WhiteWater Midstream, LLC (“WhiteWater”), today announced an open season to solicit commitments for firm natural gas storage services at the Waha Gas Storage (“WGS”) facility in Pecos County, Texas. WhiteWater is offering interested parties an opportunity to execute storage service agreements for up to 2 Bcf of firm storage capacity under firm intrastate or 311 storage services. Service for the capacity contracted under this open season is anticipated to commence on or around July 1, 2022.
OPEN SEASON PROCEDURE AND DURATION
The open season will commence on Monday, April 12, 2021 and conclude at 5:00 PM CDT on Friday May 21, 2021. WhiteWater may, in its sole discretion, extend the duration of the open season at any time.
Any customer desiring firm storage services at the WGS facility must complete the Service Request Form (the “Service Request”) attached to the open season notice found at http://whitewatermidstream.com/projects. The Service Request must be signed by a duly authorized representative of the requesting customer, together with requesting customer’s completed nondisclosure agreement. All submittals should be sent via email to This email address is being protected from spambots. You need JavaScript enabled to view it.. Service Requests made during the open season will be subject to the negotiation and execution of a binding storage services agreement, which will be shared with interested parties upon receipt and review of the Service Requests.
Prior to close of the Open Season, Parties may submit questions concerning the Open Season to This email address is being protected from spambots. You need JavaScript enabled to view it.. WhiteWater will post any clarifications provided in response to submitted inquiries at www.whitewatermidstream.com.
ABOUT THE WAHA GAS STORAGE FACILITY
WhiteWater’s Waha Gas Storage facilities are underground salt caverns located in Pecos County, Texas, immediately adjacent to the Agua Blanca header system. The Waha Gas Storage facilities will be connected to Agua Blanca’s Waha header system and natural gas may be physically received from or delivered to the interconnecting facilities on the header. With six existing caverns and five additional permitted caverns, the facilities can provide approximately 10 Bcf of storage capacity once fully developed.
The 2 Bcf of storage capacity will be associated with 200,000 MMBtu/d of Maximum Daily Injection Quantities (“MDIQ”) and Maximum Daily Withdrawal Quantities (“MDWQ”). Each customer will be granted MDIQ and MDWQ rights pro-rated to their total capacity commitments.
ABOUT WHITEWATER MIDSTREAM
WhiteWater Midstream is a management owned, Austin based infrastructure company. WhiteWater Midstream is partnered with multiple private equity funds including but not limited to Ridgemont Equity Partners, Denham Capital Management, First Infrastructure Capital and the Ontario Power Generation Inc. Pension Plan. Since inception, WhiteWater has reached final investment decision on ~$3 billion in greenfield development projects. For more information about WhiteWater Midstream, visit www.whitewatermidstream.com.
WhiteWater Midstream
Caleb Ryan
Senior Vice President of Operations
(512) 953-2105
This email address is being protected from spambots. You need JavaScript enabled to view it.
Bryan Willoughby
Director Business Development
(512) 953-2107
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EXCELSIOR, Minn.--(BUSINESS WIRE)--Excelsior Energy Capital (“Excelsior”), a leading independent North American renewable energy investor and manager, announced today the initial investment from its discretionary affiliate Tax Equity Vehicle, Excelsior 2021 TE Vehicle 1, LP (“Excelsior TE Vehicle”). The Excelsior TE Vehicle funded its initial investment into the Central Station and Venture 1 projects, owned and managed by Excelsior. These projects, located in California and Colorado, represent the first of the portfolio of projects acquired by Excelsior from Unico under the UX Solar Partnership.
About Excelsior Energy Capital
Excelsior Energy Capital is a pure-play renewable energy infrastructure fund focused on long-term investments in wind and solar power plants in North America. The Excelsior Team brings over 70 years of combined experience and a comprehensive set of strategic, financial, legal and operational expertise; making Excelsior Energy Capital a valuable partner for developers and operators, and a trusted manager for investors. For more information, visit http://www.excelsiorcapital.com.
Alex Ellis
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WASHINGTON--(BUSINESS WIRE)--LG Energy Solution and SK Innovation announced on April 11th (Korea time) that they have agreed to settle all legal disputes relating to EV batteries in the United States and Korea.
As a result, all litigation between the companies, which began in April 2019, is resolved. In this agreement, the two companies agreed to the following terms.
"LG Energy Solution and SK Innovation have decided to settle to compete in an amicable way, all for the future of the U.S. and South Korean electric vehicle battery industries," said Jong Hyun Kim, CEO and President of LG Energy Solution and Jun Kim, CEO and President of SK Innovation. "We are dedicated to work together to support the Biden Administration’s climate agenda and to develop a robust U.S. supply chain."
The two CEOs added, "We are grateful to the Korean and U.S. governments and stakeholders involved for their efforts in making this settlement possible.”
LG Energy Solution’s Official Statement
Jong Hyun Kim stated, "This settlement demonstrates LG Energy Solution's willingness to protect and maintain a fair and competitive climate within the EV industry. This agreement also reinforces the significance of our intellectual property acquired over the past 30 years."
He also stated, "LG Energy Solution is grateful to the U.S. government and stakeholders involved for their efforts in making this settlement possible. The agreement will help provide a stable battery supply chain for important partners, including Ford and Volkswagen, while also allowing SK Innovation to operate its Georgia plant undisrupted. The agreement allows the two companies to peacefully coexist in the global market and compete in good faith."
Kim added, “As a global pioneer in the industry, LG Energy Solution will continue to make bold investments that align with President Biden's environmental policies. The company intends to play an important role in ensuring a successful large-scale expansion of battery supplies and electric vehicles. To make this possible, the company will further accelerate its investment efforts including investing over $4.5 billion in its own U.S. business by 2025. LG Energy Solution is close to finalizing its second joint venture plant with GM."
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James Richardson
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DUBLIN--(BUSINESS WIRE)--The "Carbon Dioxide Global Market Opportunities and Strategies to 2030: COVID-19 Impact and Recovery" report has been added to ResearchAndMarkets.com's offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global carbon dioxide market as it emerges from the COVID-19 shut down.
The global carbon dioxide market reached a value of nearly $9,682.1 million in 2020, having increased at a compound annual growth rate (CAGR) of 4.94% since 2015. The market is expected to reach $11,265.1 million by 2025, and $12,707.1 million by 2030.
Companies Mentioned
Reasons to Purchase
Asia Pacific was the largest region in the global carbon dioxide market, accounting for 40.1% of the total in 2020. It was followed by North America, Western Europe, and then the other regions. Going forward, the fastest-growing regions in the carbon dioxide market will be Middle East and Africa, where growth will be at CAGRs of 7.0% and 4.0% respectively. These will be followed by the Asia Pacific and Eastern Europe where the markets are expected to grow at CAGRs of 3.6% and 3.5% respectively.
The top opportunities in the carbon dioxide market segmented by type will arise in the gas segment, which will gain $1,109.8 million of global annual sales by 2025. The top opportunities in the carbon dioxide market segmented by application will arise in the beverages segment, which will gain $426.9 million of global annual sales by 2025. The top opportunities in the carbon dioxide market segmented by grade type will arise in the segment, which will gain $805.0 million of global annual sales by 2025.
Market-trend-based strategies for the carbon dioxide market include developing carbon dioxide separation technology, focusing on carbon capture and utilization, supplying to greenhouses, and considering mergers or the acquisition to increase market share. Player-adopted strategies in the carbon dioxide market include expanding through establishments of new production facilities, expanding through strategic acquisitions, expanding operational presence through establishment of manufacturing and recycling facilities across the globe, and by expanding CO2 production facilities through establishment of Co2 recovery plants. The COVID-19 pandemic has decreased the short-term potential growth opportunities for the carbon dioxide industry.
Key Topics Covered:
1. Carbon Dioxide Market Executive Summary
2. Table of Contents
3. List of Figures
4. List of Tables
5. Report Structure
6. Introduction
6.1. Segmentation by Geography
6.2. Segmentation by Type
6.3. Segmentation by Application
6.4. Segmentation by Grade Type
7. Carbon Dioxide Market Characteristics
7.1. Market Definition
7.2. Market Segmentation by Type
7.3. Market Segmentation by Application
7.4. Market Segmentation by Grade Type
8. Carbon Dioxide Manufacturing Methods
8.1. Comparison of Different Processes
8.2. Carbon Dioxide Produced during Ammonia Production
8.3. Carbon Dioxide Produced Through Ethanol Production
8.4. Carbon Dioxide Produced Through Hydrogen Production
8.5. Carbon Dioxide Produced Through Cement Manufacturing
8.6. Carbon Dioxide Production Using Natural Gas
8.7. Carbon Dioxide Produced Through Ethylene Oxide
8.8. Technologies Used in the Carbon Dioxide Capture
8.9. Cost Drivers for Carbon Capture and Storage
9. Carbon Dioxide Distribution/Trading Landscape
9.1. Trade Flow
9.2. Global
9.3. Africa
10. Method of Transport
10.1. Pipelines
10.2. Marine Tankers
10.3. Trains or Trucks
11. Effect of Global Carbon Dioxide Emission Trade for Carbon Dioxide Business
11.1. Introduction
11.2. Carbon Dioxide Emissions
11.3. Benefits of CO2 Emission Trading
11.4. Existing and Emerging CO2 Emission Schemes
11.5. Capturing CO2 Potential
12. Carbon Dioxide Market Trends and Strategies
12.1. Carbon Dioxide Separation Technology
12.2. Carbon Capture and Utilization
12.3. Carbon Capture Providing Financially Lucrative Opportunities
12.4. Carbon Dioxide Supply to Greenhouses
12.5. Increase Mergers and Acquisition Activity Among Carbon Dioxide Market Players
13. COVID Impact on the Carbon Dioxide Market
14. Global Carbon Dioxide Market Size and Growth
15. Global Carbon Dioxide Market Segmentation
15.1. Global Carbon Dioxide Market, Segmentation by Type
15.2. Global Carbon Dioxide Market, Segmentation by Application
15.3. Global Carbon Dioxide Market, Segmentation by Grade
16. Carbon Dioxide Market, Regional and Country Analysis
For more information about this report visit https://www.researchandmarkets.com/r/llfp39
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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