Sarawak Energy to Deploy 180,000 Advanced Metering Infrastructure Endpoints, Take Advantage of Network-as-a-Service
LIBERTY LAKE, Wash.--(BUSINESS WIRE)--#AMI--Itron, Inc. (NASDAQ: ITRI), which is innovating the way utilities and cities manage energy and water, announced that Syarikat SESCO Berhad (SESCO), a subsidiary of Sarawak Energy, an energy development and vertically integrated electrical utility company located in Sarawak, Malaysia, signed a contract to deploy Itron’s industrial IoT (IIoT) solution. The solution, which will help Sarawak Energy improve operational efficiency and consumer engagement, includes Itron’s communications network for 180,000 Advanced Metering Infrastructure (AMI) endpoints as well as Operations Optimizer and UtilityIQ (UIQ) Software-as-a-Service. As part of the 15-year contract, Sarawak Energy will leverage Itron’s Network-as-a-Service (NaaS) to deploy, monitor and maintain the communications network.
In 2018, Sarawak Energy collaborated with Itron on a project to deploy and operate Itron’s IIoT network, including a pilot for 6,000 AMI endpoints. With the successful implementation of the pilot, Sarawak Energy has now progressed to the next phase and awarded Itron with an expanded deployment of 180,000 AMI endpoints. As a NaaS contract, Itron will manage the network and the UIQ headend software suite on Sarawak Energy’s behalf to collect and manage consumption data. Sarawak Energy will also utilize Itron’s Operations Optimizer analytics solution to improve operational efficiency and develop business processes and workflows by leveraging insights from a variety of internal and external data sources.
“With our open, standards-based network, Sarawak Energy will be able to easily and efficiently improve customer service, safety and operational efficiency,” said Don Reeves, senior vice president of Outcomes at Itron. “With such a high success rate from our pilot deployment in 2018, we are thrilled to continue the expansion of this project with our long-term customer, Sarawak Energy.”
About Sarawak Energy
Sarawak Energy is an energy development company and a vertically integrated power utility with a vision to achieve sustainable growth and prosperity for Sarawak by meeting the region's need for reliable and renewable energy—providing electricity to 3 million Sarawakians in urban and rural areas.
With 100 years of experience, Sarawak Energy aspires to become a digital utility by 2025 and has embarked on a mission to continuously improve their service by integrating the latest technologies and best industry practices, while continuing to offer a safe, reliable and the most competitively priced power in the region.
About Itron
Itron enables utilities and cities to safely, securely and reliably deliver critical infrastructure solutions to communities in more than 100 countries. Our portfolio of smart networks, software, services, meters and sensors helps our customers better manage electricity, gas and water resources for the people they serve. By working with our customers to ensure their success, we help improve the quality of life, ensure the safety and promote the well-being of millions of people around the globe. Itron is dedicated to creating a more resourceful world. Join us: www.itron.com.
Itron® is a registered trademark of Itron, Inc. All third-party trademarks are property of their respective owners and any usage herein does not suggest or imply any relationship between Itron and the third party unless expressly stated.
Itron, Inc.
Alison Mallahan
Senior Manager, Corporate Communications
509-891-3802
This email address is being protected from spambots. You need JavaScript enabled to view it.
RICHMOND, Va.--(BUSINESS WIRE)--Integrated Global Services, Inc. (IGS, www.integratedglobal.com), a leading provider of thermal spray surface protection solutions and portfolio company of investment affiliates of J.F. Lehman & Company (“JFLCO”), is pleased to announce it has acquired GE Steam Power’s on-site thermal spray coatings technology, AmStar. AmStar’s 888 material and related corrosion- and erosion-resistant coatings offer a proven track record of reliable pressure part protection throughout the Power Generation industry for over two decades.
“This is tremendous news for our customers,” said Rich Crawford, President and CEO of IGS. “We are excited to further enhance IGS’s broad portfolio of bespoke solutions by acquiring the patented AmStar 888 technology. This combined solution set provides historical customers with an expanded offering to address their surface solution needs. Our acquisition of Amstar represents another step in IGS’s mission to be the most valued provider of engineered solutions in the world for mission-critical equipment, and our ongoing commitment to support GE customers in the U.S., Europe, South America, and Asia.”
Integrated Global Services
Based in Richmond, VA, IGS is an international, private equity-backed company with over 30 years of experience in providing in-situ internal thermal spray surface protection solutions, internal ceramic coating solutions, and environmental products that focus primarily on metal wastage reduction, corrosion mitigation, process efficiency improvements and emissions reduction. Specializing in customized, engineered solutions, IGS is the largest provider of in-situ thermal spray and ceramic surface protection.
IGS maintains global operations with locations across the U.S., Canada, Europe, the Middle East, Africa, and Asia.
For more information on our global service capabilities, along with details on how to contact IGS personnel who can support your needs, refer to the IGS website at www.integratedglobal.com/contact-us/ or through email to This email address is being protected from spambots. You need JavaScript enabled to view it..
Marina Silva
International Marketing Manager
M: +44 7407805620
T: +1 888 506 2669
E: This email address is being protected from spambots. You need JavaScript enabled to view it.
SAN FRANCISCO--(BUSINESS WIRE)--#carboncredits--NCX, the science-driven forest carbon marketplace delivering large-scale, immediate impact for climate and communities, announced the appointment of Dr. Jennifer Jenkins as Chief Sustainability Officer effective August 2021. Dr. Jenkins is broadly responsible for shaping and sharing the scientific integrity of NCX’s programs. Her work includes the development and approval of certified carbon offset methodologies and working with academic and stakeholder communities to ensure offset quality and development of new approaches to valuing ecosystem services such as wildlife habitat quality, wildfire risk reduction, and water quality.
“We are thrilled to have Dr. Jen Jenkins join the NCX team,” said NCX Co-founder and CEO Zack Parisa. “NCX is dedicated to ensuring accountability and transparency as we forge natural capital markets that work for all. This is critical work for the climate and communities that calls for unparalleled expertise, and we could think of no one better suited to help us deliver on that than Dr. Jenkins.”
Dr. Jenkins has more than 25 years of experience in government, academia and the private sector at the intersection of forests and climate. In 2007, along with former Vice President Al Gore, she was part of the IPCC team of scientists that won the Nobel Peace Prize for their work on climate, and led the work that culminated in the “Jenkins Equations,” which are the generally-accepted method for estimating tree biomass from diameter in the US.
Prior to joining NCX, Dr. Jenkins held various roles in academia and government, including as a Research Professor at the Gund Institute for Ecological Economics at the University of Vermont, Research Forester at the USDA Forest Service Northern Global Change Program, and in climate policy at the USEPA Climate Change Division. From 2016 to 2021, she served as Vice President and Chief Sustainability Officer at Enviva. Dr. Jenkins holds a Ph.D. in ecosystem ecology from the University of New Hampshire, a Master of Business Administration from the RH Smith School of Business at the University of Maryland, a Master of Forest Science from Yale University, and a Bachelor of Arts in biology and environmental studies from Dartmouth College.
To learn more about the NCX marketplace, watch the on-demand webinar, “Designing forest carbon markets for massive climate impact here.”
About NCX
NCX is the science-driven forest carbon marketplace delivering large-scale, immediate impact for climate and communities. By using high integrity data to generate carbon credits that connect corporations to family forests, NCX is democratizing access to markets while enabling real climate action. In 2021 NCX broke records for the largest forest carbon project by acreage in the contiguous United States.
Cheryl Sansonetti, Director of Marketing
NCX
This email address is being protected from spambots. You need JavaScript enabled to view it.
OSLO, Norway & NEW YORK--(BUSINESS WIRE)--Capricorn Investment Group makes their first move into the Nordic venture space with their investment in Norselab, an Oslo-based European impact investment manager for private capital.
“With their thoughtful approach to innovative impact investments, Norselab stands out as an ideal partner to expand our presence into the Nordics and Europe. We are thrilled to help scale their impact investment platform,” says Michaela Edwards, Partner at Capricorn Investment Group.
Edwards is the partner in charge of the investment into Norselab. The deal, offering Capricorn’s Sustainable Investment Fund a 20% stake in Norselab, relied heavily on their belief in the team and the structure that they have built.
“The team behind Norselab has an outstanding track record in building and scaling tech companies, in addition to a clear ambition to build a larger ecosystem of funds. These were key factors weighing in on our investment decision,” adds Edwards.
Both firms share the belief that impact investments will offer the best opportunities over the coming decades. Through investment into companies that target industries in need of transformation, Norselab aims to ignite disruption, and to create potential for solid returns and massive impact.
Unexplored opportunities in the Nordics
Capricorn’s investment in Norselab marks its first, strategic move into the Nordics. According to Edwards, the Nordics are still unexplored territory from a global perspective, and offer plentiful opportunities for both impact and high returns. She highlights that Norway, with its ongoing green shift and hunger for innovation, offers a great location from which Norselab can expand to Europe.
Building system value
Norselab launched its first impact-focused venture fund, Meaningful Equity I, in 2020. On the back of a solid tailwind in terms of market trends and deal flow, the impact investor is expanding its platform with several new funds. This means a significant upscaling of the organization where creating system value through knowledge sharing is the key to accelerate growth and value creation across the ecosystem.
“Our partnership with Capricorn Investment Group will connect us with their globally leading impact investment ecosystem. Being part of their impact funds also means that our portfolio companies will gain greater access to international resources, co-investors and talents,” says Yngve Tvedt, Norselab Founder and Chief Investment Officer.
Uncompromising on impact
Tvedt adds that Capricorn’s solid impact profile was decisive for Norselab’s decision to bring on board a larger capital partner.
“Impact is at the heart of our investment philosophy, and core to the products and services of the companies we invest in. We want to build Norselab into a leading European impact investment platform, and believe Capricorn is a match made in heaven for scaling Norselab while staying true to our fundamental DNA,” says Tvedt.
With the Sustainable Investment Fund, Capricorn Investment Group aims to back purpose-built investment managers with an authentic vision around impact.
“We’re not in business to create incremental change, we are aiming to drive systemic change,” comments Edwards.
A fit-for-scale platform
Norselab’s CEO, Erik Syvertsen, explains how they created an international fund platform for venture investments with the building blocks that most market participants would recognize from larger institutional structures.
“As we established our first fund, we knew that a robust infrastructure with scalability would be essential if we were to have international ambitions both in terms of deal flow and the ability to attract capital. Capricorn recognized the value in the ecosystem we are aiming to build in and around Norselab. It’s a privilege for us to work with a capital partner that is aligned with our values and ambitions across the board,” says Syvertsen.
Norwegian capital partners joining the party
Two significant Norwegian capital partners are also part of the deal. Long-term Norselab investor Ness, Risan & Partners, invests in the impact investment platform to offer Norselab’s attractive impact products to their large Nordic customer base. Joakim Lehmkuhl is also among the new capital partners. His connection to international investor groups will give the Norselab team solid traction to scale its platform out of Norway.
About Capricorn
Capricorn is one of the largest mission-aligned firms in the world, and has since its inception in 2000 grown to manage more than $10 billion in multi-asset classes for foundations and institutional investors, through their range of impact-focused fund products. Their Sustainable Investors Fund (SIF) is a private equity partnership whose investment objective is to create significant value through ownership and early stage investment in public and private asset managers who incorporate sustainability as a key driver of investment returns.
The firm has offices in New York City and Palo Alto, and was born from a belief that sustainable investment practices can enhance risk-adjusted returns. Underlying this investment approach is a deep desire to demonstrate the huge investment potential that resides in breakthrough commercial solutions to the world’s most pressing problems.
About Norselab
Norselab is a leading impact investment platform based out of Oslo, Norway. With an uncompromising focus on net positive impact, Norselab invests in fast-growing, meaningful companies that ignite radical changes in traditional industries.
Norselab established their internationally regulated fund structure in 2020, and closed their first venture fund, Norselab Meaningful Equity I, in 2021. Norselab is currently scaling up its activities, and plans to launch several new funds in 2022, all with impact at their core.
About Ness, Risan & Partners
Ness, Risan & Partners AS (NRP) is an independent and privately-owned investment firm. Its clients include family offices, private investors, investment companies, foundations, trusts and institutional investors. NRP offers direct investment and fund solutions within the real estate, shipping and offshore sectors. The company was founded in 2000 by Christian Ness and Ragnvald Risan, and has more than 70 employees and an AUM of more than $ 1Billion.
Interviews on request.
Media contact:
Maria de Perlinghi
Partner, Impact & Communications at Norselab
+47 92221959
This email address is being protected from spambots. You need JavaScript enabled to view it.
Uplight Vice President of Market Innovation Tanuj Deora will join the Council on Environmental Quality to coordinate across agencies to help reach the aggressive targets on the path to 100 percent 24/7 carbon pollution-free electricity for all Federal Government operations
BOULDER, Colo.--(BUSINESS WIRE)--Uplight announced today that its Vice President of Market Innovation, Tanuj Deora, departed at the end of December to join the White House Council on Environmental Quality (CEQ), part of the Executive Office of the President, as Director of Clean Energy and team leader for 24/7 carbon pollution-free electricity (CFE) team, reporting to Andrew Mayock, US Federal Chief Sustainability Officer.
Deora will help lead the Biden administration to enable all government operations to run sustainably, as required by the Executive Order on Catalyzing Clean Energy Industries and Jobs Through Federal Sustainability. The Order includes several pledges leveraging the federal government’s purchasing power including a transition to CFE, net-zero government buildings and green jobs creation.
“After three rewarding years helping with the formation and growth of Uplight, I’m honored to be asked to again join public sector service, particularly for this compelling opportunity. Having focused on the supply side of clean energy in the wind and solar industries, and at Uplight to innovate customer experience, I’m excited to bring that experience to the customer side of our energy system decarbonization challenge,” said Tanuj Deora, former Vice President of Market Innovation at Uplight. “Particularly exciting is the Administration’s focus on leadership by example, with a commitment to invest in stimulating the energy markets’ capacity for CFE for all energy consumers, a complementary element to the broader climate policy so highly prioritized by the President and his team.”
Uplight has focused on empowering energy consumers of all types, including residential, small-and-medium-businesses, and both State and Federal governments to make energy more sustainable for every community. Uplight’s core capability of creating connected customer experiences across organizational silos is a key element to unlocking hard to achieve decarbonization, and is profoundly aligned to the role of the Office of the Chief Sustainability Officer in the Executive Office of the President. As a certified B-corp, Uplight is excited to see a member of its senior leadership team continue his contributions to the mission of creating a sustainable future by powering the clean energy transition on this larger platform.
“While we’re sad to see Tanuj depart, we’re thrilled to see his talents working toward the goal of carbon-free electricity and meeting the goals of COP 26. Since Tanuj joined Uplight we have benefitted from his critical eye, collegial leadership style, and passionate commitment to our mission. As an American and a global citizen, I’m thrilled to have an Uplighter join the White House,” said Uplight CEO Adrian Tuck.
Added Justin Segall, Uplight Chief Strategy Officer, “I recruited Tanuj to join the Simple Energy team three years ago on the basis of his industry knowledge and forward thinking, with both a powerful vision of the future and a clear-eyed understanding of the challenges to realize it. I’m appreciative of his partnership from Simple Energy into Uplight to help shape regulatory and innovation strategy and execution to accelerate outcomes for our end users and customers in pursuit of a more sustainable future. I am looking forward to Tanuj’s leadership in accelerating America to 24/7 carbon free energy.”
Deora’s tenure at Uplight included leading the regulatory affairs group, where he helped champion legislation and regulatory policy for energy efficiency and demand flexibility, determined market fit for innovative products, and represented the company in policymaker and industry forums. Deora’s 20 years of leadership experience includes four years as Chief Strategy Officer for the Smart Electric Power Alliance, serving as Director of the Colorado Energy Office in the cabinet of Governor John Hickenlooper, developing wind energy and transmission projects at EDP Renewables, and working as a power industry strategist at McKinsey & Company. A trained mechanical engineer and Harvard Business School graduate, Tanuj has also served on the boards of the Energy Efficiency Alliance, Hygge Power, the Smart Energy Consumer Collaborative and the Interwest Energy Alliance.
Deora will begin his new position under the White House Council on Environmental Quality in January of 2022. For more information about the work of the Office of the Chief Sustainability Officer see www.sustainability.gov.
About Uplight
Uplight is the technology partner for energy providers and the clean energy ecosystem. Uplight’s software solutions connect energy customers to the decarbonization goals of power providers while helping customers save energy and lower costs, creating a more sustainable future for all. Using the industry’s only comprehensive customer-centric technology suite and critical energy expertise across disciplines, Uplight is streamlining the complex transition to the clean energy ecosystem for more than 80 electric and gas utilities around the world. By empowering energy providers to achieve critical outcomes through data-driven customer experiences, delivering control at the grid edge, creating new revenue streams and optimizing existing load and assets, Uplight shares a mission with its clients to make energy more sustainable for every community. Uplight is a certified B Corporation. To learn more, visit us at www.uplight.com, find us on Twitter @Uplight or on LinkedIn at Linkedin.com/company/uplightenergy.
Elaine Reddy
720-252-8105
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Biocides Market Share, Size, Trends, Industry Analysis Report, By Product (Halogen Compounds, Metallic Compounds, Organosulfur, Organic Acids, Quaternary Ammonium Compound, Phenolic, Nitrogen, Glutaraldehyde); By Application; By Region; Segment Forecast, 2021 - 2028" report has been added to ResearchAndMarkets.com's offering.
The global biocides market size is expected to reach $14.81 billion by 2028 according to this report. It gives a detailed insight into current market dynamics and provides analysis on future market growth.
The global market is mainly driven by the factors such as the increased adoption of biocides in areas such as water treatment, food & beverages industry, paints and coating industry, oil and gas industry, wood preservation, and personal care. The need to comply with environmental norms in developed nations leads to new product development, which will hugely influence the growth of the global market in the coming years.
Biocides are used in the marine coating industry as the chances of microbial growth increase in shipping vessels, and new anti-fouling paint under the trademark Armanda has been developed for marine coating. This anti-fouling contains Ultima crust-remover silicon marine coating, and it also controls the release rate of the product. Increased application of the product in various industries is expected to fuel the growth of the industry.
COVID-19 pandemic is having both positive and negative effects on the market depending on its applications. The increasing demand for proper sanitization of surfaces and hands has increased in the product in the personal care segment.
However, there is a considerable reduction in the production of oil & gas, which will limit the use of the product in the fuel industry during the pandemic period. Restaurants across the globe have been shut during pandemic times, and hence the use of biocides in the food and beverages industry will be decreased during the pandemic time.
Companies Mentioned
Key Topics Covered:
1. Introduction
2. Executive Summary
3. Research Methodology
4. Biocides Market Insights
4.1. Biocides - Industry snapshot
4.1.1. Biocides Market Dynamics
4.1.1.1. Drivers and Opportunities
4.1.1.1.1. Applicability in varied verticals
4.1.1.1.2. Significant investments in the sector
4.1.1.2. Restraints and Challenges
4.1.1.2.1. Hazardous to humans
4.2. Porter's Five Forces Analysis
4.2.1. Bargaining Power of Suppliers (Moderate)
4.2.2. Threats of New Entrants: (Low)
4.2.3. Bargaining Power of Buyers (Moderate)
4.2.4. Threat of Substitute (Moderate)
4.2.5. Rivalry among existing firms (High)
4.3. PESTLE Analysis
4.4. Biocides Market Industry trends
4.5. COVID-19 Impact Analysis
5. Biocides Market Assessment by Product
6. Global Biocides Market, by Application
7. Biocides Market Assessment by Geography
8. Competitive Landscape
8.1. Expansion and Acquisition Analysis
8.1.1. Expansion
8.1.2. Acquisition
8.2. Partnerships/Collaborations/Agreements/Exhibitions
9. Company Profiles
For more information about this report visit https://www.researchandmarkets.com/r/ko1lh2
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
WILLISTON, Vt.--(BUSINESS WIRE)--$isun #cleanenergy--iSun, Inc. (NASDAQ: ISUN) (the “Company”, or “iSun”), a leading solar energy and clean mobility infrastructure company with 50-years of construction experience in solar, electrical and data services and a provider of proprietary electric vehicle charging platforms, today announced that it has been selected to design and deliver an expected total of 1,780 off-grid solar canopies to be located at EV charging stations.
HIGHLIGHTS:
“iSun has built a platform capable of addressing the needs of each segment of the solar industry, which includes serving the EV infrastructure demands of our new and current customers,” said Jeffrey Peck, Chairman and Chief Executive Officer of iSun. “This award validates not only iSun’s innovative solar canopy products, but also our strategy for addressing the Nation’s EV infrastructure needs. We are constantly striving to introduce innovations that will elevate the EV charging experience and drive the EV industry forward. We’re excited to have our approach validated through this significant contract; we’re looking forward to sharing the iSun experience with consumers.”
About iSun Inc.
Since 1972, iSun has accelerated the adoption of proven, life-improving innovations in electrification technology. iSun has been the trusted electrical contractor to Fortune 500 companies for decades and has installed clean rooms, fiber optic cables, flight simulators, and over 400 megawatts of solar systems. The Company has provided solar EPC services across residential, commercial & industrial, and utility scale projects and provides solar electric vehicle charging solutions for both grid-tied and battery backed solar EV charging systems. iSun believes that the transition to clean, renewable solar energy is the most important investment to make today and is focused on profitable growth opportunities. Please visit www.isunenergy.com for additional information.
Forward Looking Statements
This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, which are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, as amended. Words or phrases such as "may," "should," "expects," "could," "intends," "plans," "anticipates," "estimates," "believes," "forecasts," "predicts" or other similar expressions are intended to identify forward-looking statements, which include, without limitation, earnings forecasts, effective tax rate, statements relating to our business strategy and statements of expectations, beliefs, future plans and strategies and anticipated developments concerning our industry, business, operations and financial performance and condition.
The forward-looking statements included in this press release are based on our current expectations, projections, estimates and assumptions. These statements are only predictions, not guarantees. Such forward-looking statements are subject to numerous risks and uncertainties that are difficult to predict. These risks and uncertainties may cause actual results to differ materially from what is forecast in such forward-looking statements, and include, without limitation, the risk factors described from time to time in our filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K.
All forward-looking statements included in this press release are based on information currently available to us, and we assume no obligation to update any forward-looking statement except as may be required by law.
IR:
Tyler Barnes
This email address is being protected from spambots. You need JavaScript enabled to view it.
802-289-8141
DUBLIN--(BUSINESS WIRE)--The "Global Produced Water Treatment Market 2021-2025" report has been added to ResearchAndMarkets.com's offering.
The produced water treatment market is poised to grow by $2.28 bn during 2021-2025, progressing at a CAGR of 6.63%
This study identifies the increase in world energy demand as one of the prime reasons driving the produced water treatment market growth during the next few years. The market is driven by increasing global concerns regarding water scarcity and increased produced water volumes in mature oil fields.
The report on the produced water treatment market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors. The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The produced water treatment market analysis includes the application segment and geographic landscape.
The publisher robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading produced water treatment market vendors that include Baker Hughes Co., Enviro-Tech Systems, General Electric Co., Minerals Technologies Inc., Ovivo Inc., Schlumberger Ltd., Siemens AG, TechnipFMC Plc, VEOLIA ENVIRONNEMENT SA, and Weatherford International Plc.
Also, the produced water treatment market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Key Topics Covered:
Executive Summary
Market Landscape
Market Sizing
Five Forces Analysis
Market Segmentation by Application
Customer landscape
Geographic Landscape
Vendor Landscape
Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/r/m9dzd9
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
STAMFORD, Conn.--(BUSINESS WIRE)--Crane Co. (NYSE: CR) announces the following schedule and teleconference information for its fourth quarter 2021 earnings release:
Crane Co. is a diversified manufacturer of highly engineered industrial products. Founded in 1855, Crane Co. provides products and solutions to customers in the chemicals, oil & gas, power, automated payment solutions, banknote design and production and aerospace & defense markets, along with a wide range of general industrial and consumer related end markets. The Company has four business segments: Aerospace & Electronics, Process Flow Technologies, Payment & Merchandising Technologies and Engineered Materials. Crane Co. has approximately 11,000 employees in the Americas, Europe, the Middle East, Asia and Australia. Crane Co. is traded on the New York Stock Exchange (NYSE:CR). For more information, visit www.craneco.com.
Jason D. Feldman
Vice President, Investor Relations
203-363-7329
www.craneco.com
DUBLIN--(BUSINESS WIRE)--The "Global Oil and Gas Industry Contracts Review, Q3 2021 - Consolidated Contractors Company Secures North Field East LNG Plant Contract in Qatar" report has been added to ResearchAndMarkets.com's offering.
"Global Oil and Gas Industry Contracts Review, Q3 2021 is an essential source of data on the awarded contracts in the oil and gas industry.
The report portrays detailed comparative data on the number of contracts and their value in the quarter, subdivided by region, sector and geographies during the quarter, Additionally, the report provides information on the top contractors and issuers based on the worth of contracts executed in the oil and gas industry during the quarter by geographies and over the year.
Scope
Reasons to Buy
Key Topics Covered:
For more information about this report visit https://www.researchandmarkets.com/r/vtgaqf
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
BOSTON--(BUSINESS WIRE)--#BuildingsOfTheFuture--Schneider Electric, the global leader in the digital transformation of energy management and automation, today released a new report analyzing the essential role that digital innovation can play in advancing sustainability and efficiency.
Created in partnership with CNBC Catalyst, Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation outlines how companies and institutions leverage digital technology to reduce greenhouse gas (GHG) emissions, transition to renewable energy, and build more transparent supply chains.
Notable insights in the report include:
The commitments made during the November UN COP26 climate change meeting will reshape the agenda for global business. An expected acceleration of activity to address climate points toward net-zero emissions as an organizing principle for business. The scale of the climate emergency requires organizations in every industry to mobilize now to boost efficiency. Digital technology presents the straightest path to achieve the ambitious targets outlined in the COP26 agreement.
“The outcomes of COP26 underline the urgent need for businesses to take ownership of sustainability and work towards becoming more energy efficient now,” says Jean-Pascal Tricoire, Chairman and CEO of Schneider Electric. “The next decade will be the one where digital technology puts sustainability ambition into action. With 70% of emissions reduction achievable with existing, proven and competitive technologies, this report is testament to how organizations can apply the digital tools of today to help us arrive at the net-zero future the planet depends on.”
Advanced Artificial Intelligence and machine learning bolster sustainability
Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation features useful case studies from businesses and institutions, including Swire Properties, Equinix, IBM, IHG Hotels & Resorts, Jacobs, Singapore Management University, Tata Power, and the University of Oxford. It illustrates how these organizations have broken ground on digital efficiency, with key stakeholders relaying their digital sustainability experience.
By integrating human and machine intelligence, the companies featured have capitalized on the ability of algorithms and high-powered computing to create change in essential areas such as energy use, city design, resource consumption, supply chain efficiency, and power generation.
Businesses view digital solutions as crucial in balancing environmental and societal responsibilities
Increased expectations to achieve tangible sustainability gains has raised the bar for businesses. With COP26 emphasizing the need for governments and businesses to be held accountable, progressive companies are fast recognizing that a more sustainable future is crucial to ensuring the long-term viability of their business.
For example, Swire Properties embarked on a long-term decarbonization trajectory focused on reducing the intensity of GHG emissions within its portfolio. Achieving this entailed investment in digitally efficient measurement tools and a partnership with Schneider Electric to model the energy efficiency of its buildings, resulting in a 19% GHG reduction across their portfolio.
Companies stand to gain by viewing sustainability and digitalization as connected transformations
Digital technology investments can create significant business value when deployed with the right partner to drive momentum. With the pandemic confirming the importance of digitization for business continuity, the need for a robust, energy-efficient future has never been more apparent.
This is also signified by companies such as IHG Hotels & Resorts, who supports its franchise partners around the globe to measure and manage their environmental impact using an innovative online platform. Going a step further, the company now has two hotels making strides to decarbonize, with a clear roadmap helping them navigate toward net-zero based on modeling and carbon impact assessments.
Ranked the world’s most sustainable corporation by media and research organization Corporate Knights in 2021, Schneider Electric has played a leading role in developing energy-efficient digital solutions for its customers, including the case studies described in this report. Connected, open and digital technology creates business advantages and provides tangible gains in efficiency and business resilience. This helps customers jointly address their twin mandates to deliver for the environment and shareholders.
Schneider’s top thought leadership content, including reports like Unlocking a sustainable future: Why digital solutions are the key to sustainable business transformation, can be found on the newly launched Schneider Electric Insights website.
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.
Discover Life Is On Follow us on: Twitter, Facebook, LinkedIn, YouTube, Instagram, Blog
Discover the newest perspectives shaping sustainability, electricity 4.0, and next generation automation on Schneider Electric Insights
Hashtags: #LifeIsOn #BuildingsOfTheFuture #IndustriesOfTheFuture #SustainabilityForAll #PartnershipsOfTheFuture
__________________
1 Schneider Electric Sustainability Research Institute, International Energy Agency
Thomas Eck
Schneider Electric
This email address is being protected from spambots. You need JavaScript enabled to view it.
917-797-4974
LOS ANGELES--(BUSINESS WIRE)--3DEO, a metal 3D printing technology company, has set a number of records in what was one of the most challenging and thrilling years in recent history for American-based manufacturing.
The team as a whole expanded by 91% in 2021 to 175 total employees with engineering alone seeing growth numbers upwards of 120% and a total of 33 engineers. 3DEO’s leadership team also expanded significantly with the addition of head of sales, Jim Golden, and head of marketing, Emily Elpes. The aforementioned growth figures set 3DEO in a prime position to facilitate rapid advancements in the coming years.
“Beyond our headcount growth, 3DEO’s technological advantage continues to rise as we have the data and IP to create a powerful flywheel,” said Payman Torabi, 3DEO’s co-founder and CTO. “The possibilities for continued digitization and technology implementation in manufacturing are infinite.”
3DEO has more than 20 patents granted or pending across a wide range of applications including 3D printing, robotics, software and automation.
To accommodate the company’s accelerated growth year over year, 3DEO more than doubled its local facility, spanning 80,000 square feet of manufacturing and office space in Torrance, California. The company currently has 37 printers in production with plans to add 44 additional printers into production in 2022 – nearly one printer per week. The expanded facility has enough space to accommodate 125 printers, making way for continued growth beyond 2022.
3DEO’s Production Manufacturing Milestones
Since its inception, 3DEO has ramped up to achieve world-class uptimes of its printers, approaching an average uptime of 89% in 2021. This uptime has been key to 3DEO becoming the highest volume metal 3D printing company in the world, according to 3dpbm Market Research.
In July 2021, 3DEO announced it had shipped its millionth customer part, queueing up the company to ship 1.3 million parts in total while penetrating new markets like surgical devices, industrial manufacturing and consumer packaged goods.
The average order size across 3DEO’s customer base is 10,000 parts over a nine-month commitment period. In some cases, 3DEO executed shipments of more than 150,000 parts of a single component in 2021, accounting for an increase in average deal size upwards of 90% year over year.
“Shipping parts in these volumes allows 3DEO to compete with traditional manufacturing such as metal injection molding and CNC machining,” said Jim Golden, 3DEO’s Vice President of Sales. “Our customers see how much additional value we can bring to their bottom line, which is the main reason we are growing so quickly.”
The manufacturing and 3D printing industries are starting to take note.
3DEO has won four industry awards, including the LEAP award and three design awards in 2021 alone from Metal Powder Industries Federation.
According to Matt Sand, 3DEO’s co-founder and President: “We are in an exciting position for continued scale. 3D printing is a tiny fraction of manufacturing overall, which means we basically have unlimited room to run in the coming years. 3DEO’s progress over the last few years has been breathtaking; I can’t wait to see what we accomplish over the next few years.”
2022 at a Glance
3DEO expects to triple its growth from 2021.
3DEO expects this tripling of growth to come mostly from its medical and aerospace companies, and the continued global supply chain chaos makes a strong argument for domestic production.
“Our team is stepping up, the printers are performing flawlessly, and we have an incredibly supportive customer base. As we prove our ability to execute and deliver great parts in spec and on time, our customers are expanding more than 10X with us,” said Matt Petros, 3DEO’s co-founder and CEO. “The opportunity is ahead, and we are primed to scale.”
ABOUT 3DEO
Based in Los Angeles, California, 3DEO is a software-powered manufacturing system that enables innovators to launch better products, faster. 3DEO invented the Manufacturing Cloud™, an end-to-end platform built to scale 3DEO’s patented metal 3D printers into mass production through software, 3D printing, robotics, automation, augmented reality, and materials innovation. 3DEO is ISO 9001:2015 certified and serves a variety of industries, including medical, defense, and industrial. By working with 3DEO, customers get dedicated engineering support and access to cutting edge manufacturing technologies. For more information, visit www.3deo.co.
Matt Sand
President, 3DEO
(424) 732-9596
This email address is being protected from spambots. You need JavaScript enabled to view it.
Unique Natural Gas Liquids Pipeline Data Drives Transparency in Energy Markets
GREENWOOD VILLAGE, Colo.--(BUSINESS WIRE)--#Bloomberg--East Daley Analytics, Inc. announced today that its unique Pipeline Financial Dataset is now available through Bloomberg’s Enterprise Access Point. The Pipeline Financial Dataset provides consolidated historical Federal Energy Regulatory Commission (FERC) financial pipeline data (back to 2005) updated weekly to handle late and revised quarterly filings. The financial data has also been enhanced with metadata layers that give ownership percentages and Legal Entity Identifiers (LEIs) at the asset and ownership levels offering clients a variety of ways to use the data.
“This unique dataset on Bloomberg provides analysts with transparency into due diligence projects and the impact to companies,” said Andy Ptacek, senior director of analytics at East Daley. “Working with Bloomberg speeds up time to value for our clients by reducing costly and lengthy operations of procurement processes.”
The Pipeline Financial Dataset is comprised of income statements, statement of cash flows, and balance sheets for natural gas, crude, natural gas liquids (NGL), and refined products pipelines organized into a more commonly accepted accounting format than the raw governmental presentation so it can be directly inputted into financial models. Key features include:
“Another advantage of getting this information via East Daley and Bloomberg Enterprise Access Point is that it includes FERC data from further back into history as well as for 1Q2021 and 2Q2021,” added Ptacek. “This data has been more challenging to access since FERC changed the reporting requirement from Visual FoxPro to XBRL for a number of their forms effective October 1, 2021.”
As a trusted source of data, Bloomberg helps clients easily integrate high-value data in context within their analytics and workflows. Bloomberg has been providing a variety of alternative datasets through the Bloomberg Terminal for over a decade. More recently, some of these data sets were made available through Bloomberg's Data License product.
Bloomberg Enterprise Access Point is Bloomberg’s web-based data marketplace that allows Data License clients to easily discover, access and immediately use high quality, market leading content from both Bloomberg and third-party providers. Recently, Bloomberg announced the expansion of its alternative data offering, representing a three-fold increase in the number of third-party alternative data vendors available since the product’s introduction in February 2019. The move allows Bloomberg clients to access a much-expanded catalogue of curated alternative data, uniquely positioned to provide insights in today's market environment.
About East Daley Analytics, Inc.
East Daley Analytics specializes in identifying, understanding, and monitoring operational risk at the asset level and how that translates to operational risk. We have built the largest U.S. energy asset database to cash flow to help identify which assets are most important and isolate their operational value. We can help with the heavy lifting by providing access to capital and commodity market experts through both subscription and advisory services. For more information visit https://eastdaley.com.
East Daley Analytics, Inc.
Meredith Bagnulo
This email address is being protected from spambots. You need JavaScript enabled to view it.
303-513-7494
NEW YORK--(BUSINESS WIRE)--#ceo--Hess Corporation (NYSE: HES) announced today that John Hess, Chief Executive Officer, will present at the Goldman Sachs Global Energy and Clean Technology Conference Virtual Conference on January 6, 2022 at 12:00 p.m. Eastern Time.
A live audio webcast and a replay of the discussion will be accessible via Hess Corporation’s website.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Cautionary Statements
This presentation will contain projections and other forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These projections and statements reflect the company’s current views with respect to future events and financial performance. No assurances can be given, however, that these events will occur or that these projections will be achieved, and actual results could differ materially from those projected as a result of certain risk factors. A discussion of these risk factors is included in the company’s periodic reports filed with the Securities and Exchange Commission.
Investor contact:
Jay Wilson
(212) 536-8940
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media contact:
Lorrie Hecker
(212) 536-8250
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Oil & Gas Start-Up Tracker - Issue 21" report has been added to ResearchAndMarkets.com's offering.
This issue in our series of studies to track and evaluate the impact of start-ups and dynamic companies, looks specifically at 6 dynamic firms that are making a significant impact on the innovation agenda for CCUS.
With the rising importance of sustainability and the increasingly urgent prioritization of decarbonization technologies and solutions, the carbon capture, utilization, and storage (CCUS) market is poised for rapid growth.
The acceleration of the energy transition is creating a landscape of innovation and disruption, and the CCUS market will provide dynamic growth opportunities for companies of different sizes and backgrounds.
Key Topics Covered:
1. Strategic Imperatives
2. Growth Environment
3. Companies to Action
4. Growth Opportunity Universe
Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/hu4dlk
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
NEW YORK--(BUSINESS WIRE)--#4Q2021--Hess Corporation (NYSE:HES) announced today that it will hold a conference call on Wednesday, January 26, 2022 at 10 a.m. Eastern Time to discuss its fourth quarter 2021 earnings release.
To phone into the conference call, parties in the United States should dial 877-693-6685 and enter the pass code 4683739 after 9:45 a.m. Outside the United States, parties should dial 443-295-9223 and enter the pass code 4683739. This conference call will also be accessible by webcast (audio only).
A replay of the conference call will be available from January 26 through February 5, 2022 by dialing 855-859-2056 and entering the pass code 4683739. Outside the United States, parties should dial 404-537-3406 and enter the pass code 4683739.
Hess Corporation is a leading global independent energy company engaged in the exploration and production of crude oil and natural gas. More information on Hess Corporation is available at https://www.hess.com/.
Forward-looking Statements
Certain statements in this release may constitute "forward-looking statements" within the meaning of Section 21E of the United States Securities Exchange Act of 1934, as amended, and Section 27A of the United States Securities Act of 1933, as amended. Forward-looking statements are subject to known and unknown risks and uncertainties and other factors which may cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, uncertainties inherent in the measurement and interpretation of geological, geophysical and other technical data. Estimates and projections contained in this release are based on the Company’s current understanding and assessment based on reasonable assumptions. Actual results may differ materially from these estimates and projections due to certain risk factors discussed in the Corporation’s periodic filings with the Securities and Exchange Commission and other factors.
Investors:
Jay Wilson
(212) 536-8940
This email address is being protected from spambots. You need JavaScript enabled to view it.
Media:
Lorrie Hecker
(212) 536-8250
This email address is being protected from spambots. You need JavaScript enabled to view it.
-- New Initiative Helps JetBlue’s Corporate Travel Partners Fast Track Their Companies’ Sustainable Travel Targets with Options to Help Purchase Sustainable Aviation Fuel, Receive Complimentary Carbon Offsetting and Personalized Emissions Reporting --
-- JetBlue Partners With Launch Customers: Biogen, Deloitte, ICF, and Salesforce to Accelerate the Path Toward Sustainable Aviation and Reducing a Combined 2,730 Metric Tons of CO2e Emissions –
NEW YORK--(BUSINESS WIRE)--JetBlue (Nasdaq: JBLU) today announced the launch of its “JetBlue Sustainable Travel Partners” program, and its inaugural customers, Biogen, Deloitte, ICF, and Salesforce, a suite of offerings to help corporate travel customers reduce their business travel emissions and meet their own corporate sustainability targets. In keeping with JetBlue’s customer focus, the airline is approaching sustainable travel as a partnership by providing its corporate travelers with personalized data and resources to help them enhance the sustainability of their travel. JetBlue has a long history of taking meaningful and measurable steps in reducing aviation’s contribution to climate change and is now inviting its corporate partners to join in this mission.
The Sustainable Travel Partners program offers corporate partners the following resources:
JetBlue Sustainable Aviation Fuel (SAF) Certificates
SAF is a synthetic jet fuel produced from renewable biological resources that can be replenished rapidly and without impacting food supply. Compared to traditional petroleum-based Jet-A fuel, SAF can emit up to 80 percent less CO2 over its lifecycle when used in neat form and reduces air pollutants such as particulate matter and sulfur oxides. SAF drops into existing engines and infrastructure and is ASTM certified when blended up to 50-50 with fossil Jet-A fuel. With more than a 10 year track record of safe use in aircraft, SAF is recognized as the most promising solution to mitigate air transport emissions currently available.
JetBlue has been flying regularly on SAF as a component of its fuel supply from its partners Neste out of San Francisco International Airport (SFO) since July 2020 and World Energy (SAF producer) and World Fuel Services (logistics supplier) out of Los Angeles International Airport (LAX) since July 2021. JetBlue recently shared industry-leading plans to speed up its transition to SAF with a deal with its partner SG Preston that will bring 67 million gallons of blended SAF a year to the Northeast over 10 years. Following this agreement, JetBlue leads the airline industry in committed SAF off-take based on a percentage of total fuel at roughly 8% and is on track to meet its goal of converting 10% of its total fuel use to SAF years ahead of its 2030 target.
Through the purchase of SAF certificates, JetBlue customers now have the ability to directly and meaningfully reduce their business travel emissions. Business travel emissions, categorized as “Scope 3” emissions, are indirect emissions customers are not directly responsible for but that exist within the value chain, such as those produced through corporate travel. By purchasing SAF certificates, our corporate customers may reduce their reported carbon footprint, while helping cover the cost premium of SAF that exists today - thereby growing the share of SAF JetBlue is able to source while helping stimulate the emerging SAF market that is critical for the aviation industry to reach its net zero goals. Through the Sustainable Travel Partners program, our partners are helping source roughly 325,000 gallons of SAF, helping reduce 2,730 metric tons of CO2 emissions.
Complimentary Domestic Carbon Offsetting
In July 2020, JetBlue became the first US airline to voluntarily offset the CO2 emissions from jet fuel for all its domestic flights. All of JetBlue’s purchased carbon offsets are audited, verified and retired on the airline’s behalf from its three expert carbon offsetting partners Carbonfund.org, EcoAct, and South Pole. As part of its offsetting portfolio, JetBlue selects projects around the globe focused on forestry, landfill gas capture, solar, and wind projects that reduce or avoid CO2 emissions. As Sustainable Travel Partners, JetBlue’s customers can benefit from enhanced reporting on our complimentary carbon offsets, as well as review opportunities to expand offsetting utilizing JetBlue’s offsetting expertise and business partners.
Emissions Travel Data and Analysis
Historically, business travelers have not had the ability to estimate their air travel emissions in a personalized, accurate, or granular way. Through the Sustainable Travel Partners program, JetBlue is saving partners the effort of inaccurate guesswork by offering emissions reporting based on travelers’ actual flying and JetBlue’s average actual fuel burn on those routes. JetBlue’s intent is to provide our partners with more accurate emissions reporting by sharing actual operational data, as well as incorporating the airline’s own emissions reduction initiatives into emissions reporting. JetBlue is also working to include travel emissions data into Salesforce’s Net Zero Cloud with hopes of making this available to the airline’s Sustainable Travel Partners. For corporate customers who purchase SAF certificates, JetBlue will also provide emissions reporting highlighting the estimated emissions reduction associated with the SAF.
Sustainable Tools and Consultation
JetBlue Sustainability and Corporate Sales representatives have developed guidance and are available for personalized conversations to help JetBlue’s business customers develop strategies to reduce their emissions associated with their organization’s business travel. This includes helping set emissions reduction targets associated with their business travel and recommending actions to promote more sustainable travel decisions to achieve these goals.
“As our business customers return to the skies, they increasingly have been asking for our support in meeting their net zero and sustainable travel goals," said Sara Bogdan, director of sustainability and environmental social governance, JetBlue. “JetBlue has extensive expertise in decarbonizing air travel thanks to our early and leading commitments and supply agreements. We’re now extending these options to our corporate customers so that, for the first time, they can play a direct role in enhancing the sustainability of their air travel when flying with JetBlue. We’re proud to introduce the Sustainable Travel Partners program to help our business customers set and achieve their sustainable travel targets.”
Partner Quotes
“Climate action is essential for human and planetary wellbeing,” says Alphonse Galdes, Ph.D., Head of Pharmaceutical Operations and Technology at Biogen. “Yet, if we hope to make a substantive impact in this area, we all must come together – across industries – to re-examine the way we work, the way we live and the way we consume energy. By becoming an inaugural member of JetBlue's Sustainable Travel Partner Program, we at Biogen are proud to reduce our dependency on fossil fuels and their associated impacts, as well as utilize more accurate data to inform travel decisions in the future.”
“Deloitte is committed to driving responsible climate choices,” said Scott Corwin, Managing Director and US Leader for Sustainability and Climate Change at Deloitte LLP. “By coming together with JetBlue, we are another step closer to reducing our travel emissions and achieving a more sustainable future.”
“As the first professional services firm in the world to reach carbon neutral status in 2006, sustainability is part of our company’s DNA,” said ICF President, Chair and CEO John Wasson. “As we continue to pursue our own ambitious carbon reduction targets, we’re thrilled to partner with JetBlue to help other companies achieve their sustainability targets, too.”
"We are proud to join JetBlue's Sustainable Travel Partners program to help accelerate the aviation industry's journey to net zero," said Patrick Flynn, VP and Global Head of Sustainability at Salesforce. "The urgency of this climate emergency means we need all-of-the-above strategies. For us that includes helping incentivize emerging clean technologies like Sustainable Aviation Fuels and working with partners like the Sustainable Aviation Buyers Alliance to lower barriers to scale and cost reduction."
JetBlue’s Decarbonization Strategy
JetBlue is taking bold steps to address its emissions and reduce its contribution to climate change. In 2020, JetBlue became the first US airline to voluntarily offset CO2 emissions on all its domestic flights. To date, the airline has offset more than 6 million metric tons of CO2. Upon launching this initiative, JetBlue has been very transparent that it views carbon offsetting as a short-term solution while the industry builds up lower-carbon solutions. The airline has therefore been very aggressive in growing solutions that have a more direct reduction in air travel emissions, such as making large commitments to the purchase of SAF. JetBlue recently shared plans to speed up its transition to SAF with a deal that will bring 67 million gallons of SAF a year to the Northeast over 10 years, putting the airline well ahead of pace to reach its target to convert 10 percent of its total fuel usage to SAF on a blended basis by 2030.
While JetBlue views SAF and carbon offsetting as promising solutions in addressing aircraft emissions, these are just two pieces of JetBlue’s larger decarbonization strategy, which currently also includes aircraft efficiency, fuel optimization, electric ground operations and technology partnerships.
Industry Collaboration
The Sustainable Travel Partners Program represents the next step as JetBlue collaboratively works with its many partners to accelerate solutions to decarbonize aviation. In November, JetBlue announced it had joined Sustainable Aviation Buyers Alliance (SABA), a joint initiative with Rocky Mountain Institute (RMI), Environmental Defense Fund (EDF), and a forward-looking group of corporate travelers and U.S. airlines to help drive investment in high-integrity SAF. In October, JetBlue joined as a launch member of the Aviation Climate Taskforce, a new non-profit organization founded to accelerate breakthroughs in emerging technologies to decarbonize aviation, alongside 9 other global airlines and Boston Consulting Group (BCG).
To join JetBlue’s Sustainable Travel Partner program, visit https://www.jetblue.com/sustainability/sustainable-travel-partners.
For more information on JetBlue’s sustainability and ESG strategy, read the 2019-2020 ESG Report which can be found here.
JetBlue’s Focus on the Environment
JetBlue depends on natural resources and a healthy environment to keep its business running smoothly. Natural resources are essential for the airline to fly, and tourism relies on having beautiful, natural and preserved destinations for customers to visit. The airline focuses on issues that have the potential to impact its business. Customers, crewmembers and community are key to JetBlue's sustainability strategy. Demand from these groups for responsible service is one of the motivations behind changes that help reduce the airline’s carbon output and overall environmental impact. For more on JetBlue’s sustainability initiatives, visit www.jetblue.com/sustainability.
About JetBlue Airways
JetBlue is New York's Hometown Airline®, and a leading carrier in Boston, Fort Lauderdale-Hollywood, Los Angeles, Orlando and San Juan. JetBlue carries customers across the U.S., Caribbean and Latin America, and between New York and London. For more information, visit jetblue.com.
Media
JetBlue Corporate Communications
This email address is being protected from spambots. You need JavaScript enabled to view it.
Advances downstream strategy and position in the clean energy transition
AMES, Iowa--(BUSINESS WIRE)--Renewable Energy Group, Inc. (REG) (NASDAQ: REGI) has acquired Amber Resources, LLC (dba Sawyer Petroleum) and its affiliated entities, M.O. Dion & Sons and Amber Petroleum Products. Amber Resources is a leading Southern California full-service distributor of diesel, gasoline, lubricants, other transportation fuel components, industrial services and additives.
This acquisition builds upon REG’s downstream participation, growing the company’s footprint in one of the most renewables-focused regions in the world. Amber Resources will add over 60 million gallons/year of diesel sales to the company’s portfolio and a significant lubricants business as a Shell® Prestige distributor. The deal is expected to be immediately accretive to earnings and in line with the Company’s targeted Internal Rate of Return.
“This deal is a strategic move for REG that enables us to build upon our platform of direct sales, positioning us to capture full value chain margins and drive commercial optimization, while helping our customers achieve their decarbonization goals,” said Cynthia (CJ) Warner, REG President & CEO. “REG provides clean fuels that reduce carbon now, and adding the Amber Resources products and services line to our network expands our low carbon fuel sales opportunities in California.”
With this deal, REG adds eight locations in Southern California, including distribution centers and three cardlock sites. REG will continue business operations from these locations, providing customers with uninterrupted services and an enhanced clean fuel product offering. Amber Resources is a family of companies that has a deep history in Southern California and is known for its top quality products and customer service.
“Amber Resources has a long history of delivering an outstanding customer experience in Southern California,” said previous owner, Matt Cullen. “Joining with Renewable Energy Group is a natural next step for our business as customers look for renewable solutions.”
This announcement adds to recent news regarding REG’s growing downstream business. Most notably, REG has received commitments to supply biofuels for both rail and marine operations. In addition, REG recently announced a partnership with Booster Fuels, a tech-enabled mobile fueling company.
“This acquisition is the next big step in our full value chain strategy, and we are thrilled about the future and the opportunity to expand our downstream offerings,” said REG Senior Vice President, Sales & Marketing Bob Kenyon. “Combining Amber Resources’ talented professionals, best in class customer service and expansive product line with REG’s clean fuels expertise enables REG to become our customer’s clean energy transition partner of choice.”
About Renewable Energy Group
Renewable Energy Group, Inc. is leading the energy and transportation industries’ transition to sustainability by converting renewable resources into high-quality, sustainable fuels. Renewable Energy Group is an international producer of sustainable fuels that significantly lower greenhouse gas emissions to immediately reduce carbon impact. Renewable Energy Group utilizes a global integrated procurement, distribution and logistics network to operate 11 biorefineries in the U.S. and Europe. In 2020, Renewable Energy Group produced 519 million gallons of cleaner fuel delivering 4.2 million metric tons of carbon reduction. Renewable Energy Group is meeting the growing global demand for lower-carbon fuels and leading the way to a more sustainable future.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, including statements regarding REG’s strategic growth plans and downstream offerings and strategy, downstream participation, the addition of over 60 million gallons/year of diesel sales and lubricants business as a Shell® Prestige distributor, the acquisition being immediately accretive to earnings and in line with the Company’s targeted Internal Rate of Return, capturing full value chain margins, driving commercial optimization, expanding low carbon fuel sales in California, customer demand for low carbon fuels, the addition of Amber Resources’ locations and our ability to continue business from these locations, and REG being a clean energy transition partner of choice. These forward-looking statements are based on current expectations, estimates, assumptions and projections that are subject to change, and actual results may differ materially from the forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, our inability to successfully integrate the acquired companies’ operations and accounting systems into ours, our inability to establish and maintain effective internal controls, our inability to successfully retain the employees, customers and suppliers of the acquired companies, our lack of experience operating the type of business acquired, failure to achieve expected synergies or discover liabilities or other obligations of the acquired companies through the diligence process, failure to capture full value and expand low carbon fuel sales in California, limited customer demand for low carbon fuels and REG being a clean energy transition partner of choice, failure to continue the business from the acquired companies locations, and other risks and uncertainties described in REG’s annual report on Form 10-K for the year ended December 31, 2020 and subsequently filed Form 10-Q and other periodic filings with the Securities and Exchange Commission. 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 our expectations.
For Investors:
Renewable Energy Group
Todd Robinson
Deputy Chief Financial Officer and Treasurer
+1 (515) 239-8048
This email address is being protected from spambots. You need JavaScript enabled to view it.
For Media:
Renewable Energy Group
Katie Stanley
Manager, Communications
+1 (515) 239-8184
This email address is being protected from spambots. You need JavaScript enabled to view it.
DUBLIN--(BUSINESS WIRE)--The "Chemical logistic Market: Global Industry Analysis, Trends, Market Size, and Forecasts up to 2027" report has been added to ResearchAndMarkets.com's offering.
The report predicts the global chemical logistic market to grow with a CAGR of 5.5% over the forecast period from 2021-2027
The report on the global chemical logistic market provides qualitative and quantitative analysis for the period from 2019 to 2027. The study on chemical logistic market covers the analysis of the leading geographies such as North America, Europe, Asia-Pacific, and RoW for the period of 2019 to 2027.
The report on chemical logistic market is a comprehensive study and presentation of drivers, restraints, opportunities, demand factors, market size, forecasts, and trends in the global chemical logistic market over the period of 2019 to 2027. Moreover, the report is a collective presentation of primary and secondary research findings.
Porter's five forces model in the report provides insights into the competitive rivalry, supplier and buyer positions in the market and opportunities for the new entrants in the global chemical logistic market over the period of 2019 to 2027. Further, Growth Matrix gave in the report brings an insight into the investment areas that existing or new market players can consider.
Segment Covered
The Global Chemical Logistic Market by Mode of Transportation
The Global Chemical Logistic Market by Service
The Global Chemical Logistic Market by End Use Industry
Company Profiles
Key Topics Covered:
1. Preface
2. Executive Summary
3. Global Chemical Logistic Market Overview
4. Chemical Logistic Market Macro Indicator Analysis
5. Global Chemical Logistic Market by Mode of Transportation
6. Global Chemical Logistic Market by Service
7. Global Chemical Logistic Market by End Use Industry
8. Global Chemical Logistic Market by Region 2021-2027
9. Company Profiles and Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/r/szj2ux
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
MILWAUKEE--(BUSINESS WIRE)--Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer” or the “Company”), a global industrial company innovating niche applications in materials engineering, today announced that its Board of Directors has declared an interim dividend of 12.5 cents per ordinary share.
The dividend will be payable on February 2, 2022 to shareholders of record at the close of business January 14, 2022.
All holders of NYSE-listed ordinary shares will be paid in U.S. dollars through the Company’s dividend disbursing agent.
For holders of ordinary shares not directly listed on the NYSE, the dividend will be paid directly by the Company. Payment will be made in U.S. dollars, but holders of ordinary shares can elect to receive their dividend payment in respect of those ordinary shares in pounds sterling. If a holder of ordinary shares has previously requested and received a dividend in pounds sterling, the holder will receive this dividend payable on February 2, 2022 in pounds sterling, unless a written election to change the payment currency is received by the Company Secretary by January 13, 2022. Holders of ordinary shares electing to receive their dividend in pounds sterling will have the U.S. dollar amount converted to pounds sterling at the spot rate reported in the Financial Times for the record date.
About Luxfer Holdings PLC
Luxfer is a global industrial company innovating niche applications in materials engineering and focuses on value creation using its broad array of technical know-how and proprietary technologies. Luxfer’s high-performance materials, components, and high-pressure gas containment devices are used in defense and emergency response, healthcare, transportation, and general industrial applications. For more information, please visit www.luxfer.com.
Luxfer is listed on the New York Stock Exchange and its ordinary shares are traded under the symbol LXFR.
Heather Harding
Investor Relations
This email address is being protected from spambots. You need JavaScript enabled to view it.
Offshore Source keeps you updated with relevant information concerning the Offshore Energy Sector.
Any views or opinions represented on this website belong solely to the author and do not represent those of the people, institutions or organizations that Offshore Source or collaborators may or may not have been associated with in a professional or personal capacity, unless explicitly stated.