LOS ANGELES--(BUSINESS WIRE)--$CGRN #CleanPower--Capstone Green Energy Corporation (NASDAQ: CGRN) will hold its quarterly conference call to discuss its third quarter fiscal year 2023 financial results on Monday, February 13, 2023 at 1:45 p.m. Pacific Time (4:45 p.m. Eastern Time).
At the end of the live conference call, Capstone Management will host a question-and-answer session to provide an opportunity for financial analysts to ask questions. Investors and interested individuals are invited to listen to the webcast that can be found on the Company’s investor relations webpage.
A replay of the webcast will be available on the company website for at least 90 days.
About Capstone Green Energy
Capstone Green Energy (NASDAQ: CGRN) is a leading provider of customized microgrid solutions and on-site energy technology systems focused on helping customers around the globe meet their environmental, energy savings, and resiliency goals. Capstone Green Energy focuses on four key business lines. Through its Energy as a Service (EaaS) business, it offers rental solutions utilizing its microturbine energy systems and battery storage systems, comprehensive Factory Protection Plan (FPP) service contracts that guarantee life-cycle costs, as well as aftermarket parts. Energy Generation Technologies (EGT) are driven by the Company's industry-leading, highly efficient, low-emission, resilient microturbine energy systems offering scalable solutions in addition to a broad range of customer-tailored solutions, including hybrid energy systems and larger frame industrial turbines. The Energy Storage Solutions (ESS) business line designs and installs microgrid storage systems creating customized solutions using a combination of battery technologies and monitoring software. Through Hydrogen & Sustainable Products (H2S), Capstone Green Energy offers customers a variety of hydrogen products, including the Company's microturbine energy systems.
To date, Capstone has shipped over 10,000 units to 83 countries and estimates that in FY22, it saved customers over $213 million in annual energy costs and approximately 388,000 tons of carbon. Total savings over the last four years are estimated to be approximately $911 million in energy savings and approximately 1,503,100 tons of carbon savings.
For customers with limited capital or short-term needs, Capstone offers rental systems; for more information, contact: This email address is being protected from spambots. You need JavaScript enabled to view it..
For more information about the Company, please visit www.CapstoneGreenEnergy.com. Follow Capstone Green Energy on Twitter, LinkedIn, Instagram, Facebook, and YouTube.
Capstone Green Energy
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PITTSBURGH--(BUSINESS WIRE)--Intelligent power management company Eaton today announced that it is collaborating with Rewiring America, the leading electrification nonprofit in the U.S., to advance electrification education, awareness and action. Additionally, Brian Brickhouse, president, Americas Region, Electrical Sector, has joined Rewiring America’s CEOs for Electrification, a national coalition of business leaders committed to furthering sustainability through electrification, beginning with the American household. Brickhouse joins the coalition as part of Eaton’s continuing efforts to lead the energy transition through key sustainability initiatives including its Home as a Grid approach, which envisions a future in which homes become both producers and users of energy.
“Electrification is a core tenet in the ongoing drive to reduce dependence on carbon-based energy sources and deliver on the promise of a sustainable future,” said Brickhouse. “From enabling the electrification of homes to helping states and municipalities understand how to leverage federal funding for EV charging infrastructure, Eaton is at the forefront of this movement. I look forward to working with the CEOs for Electrification coalition as we advance this essential element in the energy transition.”
According to the United States Energy Information Administration, home energy use accounted for approximately one-sixth of total U.S. energy consumption as of 2020, unlocking a significant opportunity to reduce overall greenhouse gas emission by converting homes to electric power. The CEOs for Electrification coalition drives action by bringing together CEOs across industries to champion electrification, electrify their operations and accelerate market transformation required to electrify everything. Working together, the coalition aims to create millions of new jobs, improve health outcomes and reduce emissions.
“We’re thrilled to partner with Eaton and have Brian Brickhouse join the CEOs for Electrification coalition,” said Rewiring America Head of Partnerships and Engagement Keishaa Austin. “For over a century, Eaton has demonstrated the kind of business leadership and vision we need today to make the clean energy transition work for everyone. Eaton’s Home as a Grid approach is a brilliant example of how electrifying everything can mean better resiliency, sustainability and comfort. We look forward to working together to make electrification easier for all Americans.”
Eaton’s Home as a Grid approach to the energy transition envisions a future where, through the two-way flow of electricity, homes become both producers and consumers of energy. Through technology innovation, homes can act as energy hubs by producing their own power to help support grid flexibility and stability of electrical power. To learn more about Eaton’s Home as a Grid approach, visit Eaton.com/HomeAsAGrid.
Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. We are guided by our commitment to do business right, to operate sustainably and to help our customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, we’re accelerating the planet’s transition to renewable energy, helping to solve the world’s most urgent power management challenges, and doing what’s best for our stakeholders and all of society.
Founded in 1911, 2023 marks Eaton’s 100th anniversary of being listed on the NYSE. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.
Hilary Spittle, (216) 712-2005
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UNION CITY, Ind.--(BUSINESS WIRE)--Cardinal Ethanol, LLC (Cardinal) and Vault 44.01 Ltd. (Vault) announced today that, through their affiliate companies, they have formed a joint venture to design, implement, and operate a carbon dioxide (CO2) capture and sequestration (CCS) project at Cardinal’s ethanol production facility near Union City, Indiana. The joint venture is structured with each party controlling an equal interest in a newly formed limited partnership named One Carbon Partnership, LP.
Cardinal’s facility produces approximately 135 million gallons of ethanol per year, which generates approximately 400,000 metric tons of CO2 as a by-product of the corn fermentation process.
One Carbon Partnership plans to construct a facility to capture the CO2 generated from the ethanol production process and safely and permanently store such emissions deep underground in a secure geologic reservoir, thereby substantially reducing the CO2 emissions from the ethanol production process. While the project is still in its early stages and subject to customary variables that could influence the project, the partnership has submitted a Class VI permit application to EPA Region 5 in support of the project and has received a completeness determination from the EPA. The partners have engaged with local landowners and communities about the potential project and are very pleased with the support they have received.
Cardinal will continue to provide high quality jobs and economic opportunity while working towards minimizing the amount of CO2 emitted into the earth’s atmosphere.
“We are committed to enhancing shareholder value through employing the latest technology in the production of clean, low carbon intensity and environmentally friendly bioethanol. Partnering with Vault 44.01 on this CCS project is another step in Cardinal Ethanol’s commitment to further lower our carbon impact and protect our environment. This partnership aligns with Cardinal Ethanol’s goals and keeps us on a path to zero emission liquid fuels,” said Jeff Painter, Chief Executive Officer, Cardinal ethanol, LLC.
“We are pleased to be working with the excellent team at Cardinal and are excited to have reached several important milestones in the development of this high quality, early-to-market CCS project. This project with Cardinal exemplifies our view that the lowest cost option for CCS is often to find a local solution, where that’s possible,” said Scott Rennie, Chief Executive Officer, Vault 44.01.
About Cardinal Ethanol, LLC
Located in Union City, Indiana, Cardinal Ethanol is a leader in ethanol production within the State. Cardinal offers a variety of co-products like DDGS, Distiller’s Corn Oil, and CO2. Cardinal Ethanol continues to bring value to its shareholders by utilizing the latest technologies, advances in fermentation, and expertise of professional and technical partners across the US. For more information regarding Cardinal ethanol, LLC, visit www.cardinalethanol.com.
About Vault 44.01
Vault, a portfolio company of Grey Rock Investment Partners, is a leading carbon capture and sequestration developer focused on the development, capitalization, and operation of carbon storage assets throughout North America. Vault’s core management, technical, and execution team brings over 60 years of direct carbon sequestration experience, with involvement in the development of carbon storage projects across North America since 2007. The company is currently engaged in 15+ emerging CCS projects throughout North America that range from single emitter sourced, on-site sequestration projects, to the origination and development of large multi-emitter CO2 sequestration hubs. For more information, visit www.vault4401.com.
About Grey Rock Investment Partners
Grey Rock Investment Partners is a private equity firm with more than $1.3 billion in asset value across its private equity fund platform. The firm invests across the energy value chain with private equity funds focusing on investments in natural resources, carbon capture, industrial electrification, and power optimization. For more information, visit www.grey-rock.com.
Matthew Kielbasinski, CFO, Vault 44.01
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Patrick Hogan will help clients achieve sustainability, resiliency and business growth goals
OVERLAND PARK, Kan.--(BUSINESS WIRE)--Black & Veatch, a global leader in critical infrastructure solutions, has announced Patrick Hogan as the company’s first Chief Client Officer (CCO) and member of the company’s leadership team.
The senior leadership position is part of Black & Veatch’s strategic transformation that further strengthens the company’s focus on client relationships to ensure client satisfaction. As CCO, Hogan will partner with professionals across the company to align Black & Veatch’s full portfolio of integrated solutions and services with the needs of clients globally.
A 20-year veteran of Honeywell, Hogan is a seasoned executive with extensive experience in building sales communities, cultivating client relationships and taking cutting-edge solutions to market to address the changing needs of government, utility, commercial and industrial clients. Having recently served as Chief Commercial Officer for Honeywell, at both the enterprise and business unit level, he focused on clients with business needs that intersected many areas of critical infrastructure.
“Patrick is a highly experienced executive with a proven track record in helping clients grow and transform their businesses as they face changing market conditions,” said Mario Azar, Black & Veatch’s Chairman & CEO. “His passion for client engagement and transformative solutions complements our client-driven culture as we help our clients transform their own infrastructure strategies in a fast-changing world increasingly focused on sustainability.”
Hogan brings a wealth of experience working with diverse clients and managing teams across the globe. He previously served in multiple leadership roles for Honeywell, British Gas (now Royal Dutch Shell) and Cedar Consulting, and he has broad experiences in energy, environmental safety, IT consulting and global sales and marketing operations.
As CCO for Black & Veatch, Hogan will lead the design and execution of the company’s sales strategy, teaming with professionals across Black & Veatch to align the company’s integrated solutions and services with clients’ needs.
“Black & Veatch is not only known globally as a company with deep expertise in solving clients’ infrastructure challenges, but as a company that is innovative, forward-looking and focused on the future,” Hogan said. “It’s an exciting time to be joining the company and the critical infrastructure industry. We will help our clients navigate rapid change and grow their businesses as they face increasing pressures to address sustainability and resiliency.”
Editor’s Notes:
About Black & Veatch
Black & Veatch is a 100-percent employee-owned global engineering, procurement, consulting and construction company with a more than 100-year track record of innovation in sustainable infrastructure. Since 1915, we have helped our clients improve the lives of people around the world by addressing the resilience and reliability of our most important infrastructure assets. Our revenues in 2021 exceeded US $3.3 billion. Follow us on www.bv.com and on social media.
Media Contact:
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IRVING, Texas--(BUSINESS WIRE)--ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions.
ExxonMobil’s Baytown low-carbon hydrogen, ammonia and carbon capture facility is expected to produce one billion cubic feet of low-carbon hydrogen per day, making it the largest low-carbon hydrogen project in the world at planned startup in 2027-2028.
More than 98% of the associated CO2 produced by the facility, or around 7 million metric tons per year, is expected to be captured and permanently stored. The carbon capture and storage network being developed for the project will be made available for use by third-party CO2 emitters in the area in support of their decarbonization efforts.
“This project allows us to offer significant volumes of low-carbon hydrogen and ammonia to third party customers in support of their decarbonization efforts,” said Dan Ammann, president of ExxonMobil Low Carbon Solutions. “In addition, the project is expected to enable up to a 30% reduction in Scope 1 and 2 emissions from our Baytown integrated complex, by switching from natural gas as a fuel source to low-carbon hydrogen.”
ExxonMobil will pair the world’s largest low-carbon hydrogen facility with the largest olefins plant in the United States to deliver more sustainable, lower-emissions products for customers and society.
ExxonMobil has awarded the contract to Technip Energies who will be responsible for the next stage of front-end engineering and design of the low-carbon hydrogen project.
About ExxonMobil
ExxonMobil, one of the largest publicly traded international energy and petrochemical companies, creates solutions that improve quality of life and meet society’s evolving needs.
The corporation’s primary businesses - Upstream, Product Solutions and Low Carbon Solutions - provide products that enable modern life, including energy, chemicals, lubricants, and lower-emissions technologies. ExxonMobil holds an industry-leading portfolio of resources, and is one of the largest integrated fuels, lubricants and chemical companies in the world.
In 2021, ExxonMobil announced Scope 1 and 2 greenhouse gas emission-reduction plans for 2030 for operated assets, compared to 2016 levels. The plans are to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity; a 40-50% reduction in greenhouse gas intensity of upstream operations; a 70-80% reduction in corporate-wide methane intensity; and a 60-70% reduction in corporate-wide flaring intensity.
With advancements in technology and the support of clear and consistent government policies, ExxonMobil aims to achieve net-zero Scope 1 and 2 greenhouse gas emissions from its operated assets by 2050. To learn more, visit exxonmobil.com, the Energy Factor, and ExxonMobil’s Advancing Climate Solutions.
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Cautionary Statement
Statements of future events, investments, or partnerships in this release are forward-looking statements. Actual future results, including project plans, partner participation, timing, capacities, and costs could differ materially depending on a number of factors including the ability to execute operational objectives on a timely and successful basis; implementation of government frameworks and permitting for carbon capture and storage, hydrogen, ammonia and other lower-emission technologies; timely completion of construction projects; commercial and consumer interest in lower-emissions opportunities; changes in plans or objectives prior to final funding decisions or project startups; unforeseen technical or operational difficulties; and other factors discussed under the heading Factors Affecting Future Results in the Investors section of our website at www.exxonmobil.com. Any forward-looking statement speaks only as of the date of this press release and the companies named herein disclaim any obligation to update any forward-looking statement.
ExxonMobil Media Relations
(972) 940-6007
DUBLIN--(BUSINESS WIRE)--The "Dry Natural Gas Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
This report on the global dry natural gas market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031.
The report provides revenue of the global dry natural gas market for the period 2017-2031, considering 2021 as the base year and 2031 as the forecast year.
The report also provides the compound annual growth rate (CAGR %) of the global dry natural gas market from 2022 to 2031.
Companies Mentioned
Key Topics Covered:
1. Executive Summary
2. Market Overview
2.1. Market Segmentation
2.2. Key Developments
2.3. Market Definitions
2.4. Market Dynamics
2.4.1. Drivers
2.4.2. Restraints
2.4.3. Drivers
2.5. Porter's Five Forces Analysis
2.6. Regulatory Analysis
2.7. Value Chain Analysis
2.8. Production Overview
2.9. Product Specification Analysis
2.10. Cost Structure Analysis
3. COVID-19 Impact Analysis
3.1. Impact on the Supply Chain of Dry Natural Gas
3.2. Impact on the Demand of Dry Natural Gas - Pre & Post Crisis
4. Impact of Current Geopolitical Scenario
5. Production Output Analysis
6. Price Trend Analysis
7. Global Dry Natural Gas Market Analysis and Forecast, by Source, 2022-2031
7.1. Key Findings
7.2. Global Dry Natural Gas Market Volume (Million Cubic Feet) and Value (US$ Bn) Forecast, by Source, 2020-2031
7.2.1. Onshore
7.2.2. Offshore
7.3. Global Market Attractiveness Analysis, by Source
8. Global Dry Natural Gas Market Analysis and Forecast, by End-use, 2022-2031
8.1. Key Findings
8.2. Global Dry Natural Gas Market Volume (Million Cubic Feet) and Value (US$ Bn) Forecast, by End-use, 2020-2031
8.2.1. Electric Power
8.2.2. Residential
8.2.3. Transportation
8.2.4. Industrial
8.2.5. Commercial
8.2.6. Others (Petrochemical, Aviation, etc.)
8.3. Global Market Attractiveness, by End-use
9. Global Dry Natural Gas Market Analysis and Forecast, by Region, 2022-2031
10. North America Dry Natural Gas Market Analysis and Forecast, 2022-2031
11. Europe Dry Natural Gas Analysis and Forecast, 2022-2031
12. Asia Pacific Dry Natural Gas Analysis and Forecast, 2022-2031
13. Latin America Dry Natural Gas Analysis and Forecast, 2022-2031
14. Middle East & Africa Dry Natural Gas Analysis and Forecast, 2022-2031
15. Competition Landscape
15.1. Market Players - Competition Matrix (by Tier and Size of Companies)
15.2. Market Share Analysis, 2021
15.3. Market Footprint Analysis
15.3.1. By Source
15.4. Company Profiles
16. Appendix
For more information about this report visit https://www.researchandmarkets.com/r/pbe01x-natural-gas?w=4
ResearchAndMarkets.com
Laura Wood, Senior Press Manager
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Initiative Will Employ a Holistic Approach on Company’s Path to Carbon Neutrality and Providing Green Logistics Solutions for Clients on a Global Scale
SINGAPORE--(BUSINESS WIRE)--20Cube Logistics Pte. Ltd. (“20Cube”), a Singapore-based software-enabled international supply chain orchestrator, today announced it has selected Ramboll, a global architecture, engineering and consultancy company founded in Denmark in 1945, with world-leading expertise in the energy and environment space, to accelerate its path to carbon neutrality through a sustainability framework of comprehensive reports, plans and initiatives for carbon emission reduction.
According to a McKinsey report, while the consumer sector will see a five percent annual growth rate, Consumer-Packaged-Goods (CPG) companies will have to reduce their greenhouse-gas emissions by a stark 92% by 2050 in order to achieve global climate goals. Logistics partners will play a key role in helping CPG companies achieve this goal. Companies are choosing to decarbonize by designing business strategies and operation plans that deliver lower carbon emissions.
Following the Greenhouse Gas Protocol, the world’s most widely-used greenhouse gas accounting standard, 20Cube Logistics will develop a sustainability framework and full emissions inventory incorporating Scope 1 (emissions from sources that an organization owns or controls directly), Scope 2 (emissions that a company causes indirectly) and Scope 3 (emissions that are not produced by the company itself, but by those up and down its value chain) to understand its full value chain of emissions and focus efforts on the greatest reduction opportunities. The Company has already reduced emissions substantially under Scope 1 and 2 through its operating model and digital approach.
With decades of experience and expertise, Ramboll will support 20Cube Logistics’ goal of becoming carbon neutral through a series of comprehensive strategies, plans and initiatives in Scope 1, 2 and 3 of carbon emission reduction. Critical efforts will involve transitioning away from fossil fuels, scaling up renewable energy share in total energy consumption, transitioning away from traditional freight handling materials to sustainable alternatives, introducing necessary measures and adopting strategic external sustainability partnerships.
“Supply chains play a major role in global carbon emissions and with global trade increasing it has become imperative for the industry to undertake tangible initiatives to lower carbon footprints and find sustainable alternatives,” said Mahesh Niruttan, Founder & CEO of 20Cube Logistics. “As a global supply chain solutions provider, we see this as an opportunity to contribute to this ambitious global goal. With our mission to ‘Make Trade Easy’, green logistics is an extension of our responsibility which will address the carbon emissions of our clients, and in turn also reduce 20Cube Logistics' emissions.
“We believe that a robust sustainability philosophy and a framework has become a necessity for organizations. One of our founding intentions has been to become a leading player in the industry towards sustainability through zero emissions. Our operating model was designed to achieve a material reduction compared to the industry norms, and we now intend to take our vision to the next level of carbon neutrality. We are excited to have engaged Ramboll who will bring in best practices and emerging new technologies to accelerate us toward our goals,” concluded Niruttan.
Juliana Ding, Head of Sustainability at Ramboll in Asia Pacific, added, “We are impressed by 20Cube Logistics’ commitment to building and implementing policies and frameworks to achieve their sustainability goals, following our initial assessment. We are pleased to be entrusted by 20Cube Logistics to support them along their ambitious and impactful journey and are confident that with our global leading expertise and deep local knowledge, we are the right partner to drive sustainable changes together with our client. This will be an ongoing journey, and we expect to complete our Phase I assignment in the next six months. Ramboll will engage three senior members of our team for this assignment.”
Mr. Ranjan Kedia, Business Head for India, added, “As the largest emitter within 20Cube Logistics, the India business unit will play a significant role in achieving our sustainability goal. There are several initiatives already underway towards this which will bring tangible results in the short and near terms. We look forward to Ramboll’s assistance to accelerate our vision towards carbon neutrality.”
About Ramboll:
Ramboll is a global architecture, engineering and consultancy company founded in Denmark in 1945. Our 17,000 experts create sustainable solutions across Buildings, Transport, Energy, Environment & Health, Water, Management Consulting and Architecture & Landscape. Across the world, Ramboll combines local experience with a global knowledge base to create sustainable cities and societies. We combine insights with the power to drive positive change for our clients, in the form of ideas that can be realized and implemented. We call it: Bright ideas. Sustainable change. For more information, please visit www.ramboll.com.
About 20Cube Logistics Pte. Ltd.
20Cube Logistics is a software-enabled international supply chain orchestrator from purchase order (PO) to point of delivery (POD) with a technology-driven, proven proprietary system and key presence at over 60 locations in Asia, Australia, and East Africa. 20 Cube has over 600 employees. 20Cube Logistics was built from the ground up over the past 10 years on a disruptive software, workflow and control tower driven platform. 20Cube Logistics’ platform is centered around MyHubPlus, which captures data from every part of the supply chain to provide customers with unprecedented real-time visibility, alerts, exception management and reporting. Its suite of freight forwarding, intelligent warehousing/distribution, customs and trade compliance solutions have resulted in significant savings from better container utilization, load balancing, predictability, and logistics process management. For more information visit www.20Cube.com.
On October 18, 2022, 20Cube Logistics announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Evo Acquisition Corp. (Nasdaq: EVOJ), a publicly traded special purpose acquisition company. Pubco’s ordinary shares are expected to be listed on the Nasdaq Capital Market under the symbol “TCUB”.
About Evo Acquisition Corp.
Evo is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. While Evo may pursue an acquisition in any business industry or sector, it intends to focus its search on companies in the technology and financial sectors, including companies with a nexus to Japan. Evo is led by its Chairman, Michael Lerch, its Chief Executive Officer, Richard Chisholm, its Chief Financial Officer, Adrian Brindle and Managing Director Jason Sausto. For more information visit www.evospac.com.
Forward-Looking Statements
Certain statements included in this press release are not historical facts but are forward-looking statements. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “future,” “outlook,” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence of these words does not mean that a statement is not forward-looking. These forward-looking statements include, but are not limited to, statements regarding estimates and forecasts of other performance metrics and projections of market opportunity. These statements are based on various assumptions, whether or not identified in this press release and on the current expectations of 20Cube’s management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of 20Cube. Some important factors that could cause actual results to differ materially from those in any forward-looking statements could include changes in domestic and foreign business, market, financial, political and legal conditions.
These forward-looking statements are subject to a number of risks and uncertainties, including the ability of 20Cube to compete effectively in a highly competitive market; the ability to protect and enhance 20Cube’s corporate reputation and brand; the impact from future regulatory, judicial, and legislative changes in 20Cube’s industry; and, the uncertain effects of the COVID-19 pandemic or other public health matters; competition from larger technology companies that have greater resources, technology, relationships and/or expertise; future financial performance of 20Cube including the ability of future revenues to meet projected annual bookings; the ability of 20Cube to forecast and maintain an adequate rate of revenue growth and appropriately plan its expenses; the ability of 20Cube to generate sufficient revenue from each of our revenue streams; the ability of 20Cube’s patents and patent applications to protect our core technologies from competitors; 20Cube’s ability to manage a complex set of marketing relationships and realize projected revenues from subscriptions, advertisements; product sales and/or services; 20Cube’s ability to execute its business plans and strategy; and those factors set forth in documents of Evo or 20Cube Logistics Solutions Pte. Ltd. filed, or to be filed, with SEC. You should carefully consider the foregoing factors and other documents to be filed by Evo or 20Cube Logistics Solutions Pte. Ltd. from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The foregoing list of risks is not exhaustive.
If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that 20Cube does not presently know or that 20Cube currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect 20Cube’s current expectations, plans and forecasts of future events and views as of the date of this press release. Nothing in this press release should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements in this press release, which speak only as of the date they are made and are qualified in their entirety by reference to the cautionary statements herein and the risk factors described above. 20Cube anticipates that subsequent events and developments will cause its assessments to change. However, while 20Cube may elect to update these forward-looking statements at some point in the future, it specifically disclaims any obligation to do so, except as may be required by law. These forward-looking statements should not be relied upon as representing 20Cube’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Participants in the Solicitation
20CUBE LOGISTICS PTE. LTD., (“20Cube”), EVO ACQUISITION CORP. (“EVO”), and their respective directors, executive officers and employees and other persons may be deemed to be participants in the solicitation of proxies from the holders of shares of EVO common stock in respect of the Business Combination described herein. Information about EVO’s directors and executive officers and their ownership of EVO common stock is set forth in EVO’s annual report on Form 10-K dated March 28, 2022 filed with the Securities and Exchange Commission (the “SEC”), as amended. Other information regarding the interests of the participants in the proxy solicitation will be included in the proxy statement / prospectus pertaining to the Business Combination which will be filed by 20CUBE LOGISTICS SOLUTIONS PTE. LTD. These documents can be obtained free of charge from the sources indicated below.
Additional Information and Where to Find It
In connection with the transaction described herein, EVO has filed and will file relevant materials with the SEC, including the registration statement / proxy statement. Promptly after the proxy statement / prospectus is declared effective by the SEC, EVO will mail the proxy statement / prospectus and a proxy card to each stockholder entitled to vote at the special meeting relating to the transaction. INVESTORS AND SECURITY HOLDERS OF EVO ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS IN CONNECTION WITH THE TRANSACTION THAT EVO WILL FILE WITH THE SEC WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT EVO, 20CUBE AND THE TRANSACTION. The proxy statement / prospectus and other relevant materials in connection with the transaction (when they become available), and any other documents filed by EVO with the SEC, may be obtained free of charge at the SEC’s website (www.sec.gov) or by writing to EVO.
Non-Solicitation
This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the potential transaction and shall not constitute an offer to sell or a solicitation of an offer to buy the securities of EVO, the combined company or 20Cube, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended.
20Cube Investor Contact:
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Evo Acquisition Corp. Investor Contact:
Chris Tyson
949-491-8235
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DUBLIN--(BUSINESS WIRE)--The "Boat Rental Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2022-2031" report has been added to ResearchAndMarkets.com's offering.
This report on the global boat rental market studies the past as well as the current growth trends and opportunities to gain valuable insights of the indicators of the market during the forecast period from 2022 to 2031.
The report provides revenue of the global boat rental market for the period 2017-2031, considering 2021 as the base year and 2031 as the forecast year.
The report also provides the compound annual growth rate (CAGR %) of the global boat rental market from 2022 to 2031.
Companies Mentioned
Key Topics Covered:
1. Executive Summary
2. Market Overview
2.1. Macro-economic Factors
2.2. Analysis and Recommendations
2.3. Market Dynamics
2.3.1. Drivers
2.3.2. Restraints
2.3.3. Opportunity
2.4. Market Factor Analysis
2.4.1. Porter's Five Force Analysis
2.4.2. SWOT Analysis
2.4.3. Value Chain Analysis
2.5. Regulatory Scenario
2.6. Key Trend Analysis
2.7. Cost Structure Analysis
2.8. Profit Margin Analysis
3. COVID-19 Impact Analysis - Boat Rental Market
4. Global Boat Rental Market, by Business Model
4.1. Market Snapshot
4.1.1. Introduction, Definition, and Key Findings
4.1.2. Market Growth & Y-o-Y Projections
4.1.3. Base Point Share Analysis
4.2. Global Boat Rental Market Size Analysis & Forecast, 2017-2031, by Business Model
4.2.1. Charter
4.2.2. Day Cruise
4.2.3. Lux Charter
4.2.4. Lux Day Cruise
4.2.5. Tour
4.2.6. Event/ B2B
4.2.7. Peer to Peer (P2P)
5. Global Boat Rental Market, by Boat Size
5.1. Market Snapshot
5.1.1. Introduction, Definition, and Key Findings
5.1.2. Market Growth & Y-o-Y Projections
5.1.3. Base Point Share Analysis
5.2. Global Boat Rental Market Size Analysis & Forecast, 2017-2031, by Boat Size
5.2.1. Up to 20 Feet
5.2.2. 21 Feet - 35 Feet
5.2.3. 36 Feet - 50 Feet
6. Global Boat Rental Market, by Technology
6.1. Market Snapshot
6.1.1. Introduction, Definition, and Key Findings
6.1.2. Market Growth & Y-o-Y Projections
6.1.3. Base Point Share Analysis
6.2. Global Boat Rental Market Size Analysis & Forecast, 2017-2031, by Technology
6.2.1. Service & Maintenance
6.2.2. Connected Systems
6.2.3. Fleet Management
6.2.4. Assistance Systems
6.2.5. Monitoring Systems
6.2.6. Others
7. Global Boat Rental Market, by Boat Class
7.1. Market Snapshot
7.1.1. Introduction, Definition, and Key Findings
7.1.2. Market Growth & Y-o-Y Projections
7.1.3. Base Point Share Analysis
7.2. Global Boat Rental Market Size Analysis & Forecast, 2017-2031, by Boat Class
7.2.1. Luxury
7.2.2. Sports
7.2.3. Entry
7.2.4. Others
8. Global Boat Rental Market, by Propulsion
8.1. Market Snapshot
8.1.1. Introduction, Definition, and Key Findings
8.1.2. Market Growth & Y-o-Y Projections
8.1.3. Base Point Share Analysis
8.2. Global Boat Rental Market Size Analysis & Forecast, 2017-2031, by Propulsion
8.2.1. Fuel Powered
8.2.2. Outboard Engine
8.2.3. Sterndrive/ Inboard Engine
8.2.4. Electric Boats
8.2.5. Sailed
8.2.6. Others
9. Global Boat Rental Market, by Region
9.1. Market Snapshot
9.1.1. Introduction, Definition, and Key Findings
9.1.2. Market Growth & Y-o-Y Projections
9.1.3. Base Point Share Analysis
9.2. Global Boat Rental Market Size Analysis & Forecast, 2017-2031, by Region
9.2.1. North America
9.2.2. Europe
9.2.3. Asia Pacific
9.2.4. Middle East & Africa
9.2.5. South America
10. North America Boat Rental Market
11. Europe Boat Rental Market
12. Asia Pacific Boat Rental Market
13. Middle East & Africa Boat Rental Market
14. South America Boat Rental Market
15. Competitive Landscape
15.1. Company Share Analysis/ Brand Share Analysis, 2021
15.2. Pricing comparison among key players
15.3. Company Analysis for each player (Company Overview, Company Footprints, Production Locations, Product Portfolio, Competitors & Customers, Subsidiaries & Parent Organization, Recent Developments, Financial Analysis, Profitability, Revenue Share)
16. Company Profile/ Key Players
For more information about this report visit https://www.researchandmarkets.com/r/eq5q31-rental?w=4
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Leveraging the power of ChatGPT to personalize customer interactions, improve efficiency and reduce operational costs
NEW YORK--(BUSINESS WIRE)--Helbiz (NASDAQ: HLBZ), a leading global provider of electric shared micro-mobility solutions, announced the incorporation of OpenAI's advanced technology, ChatGPT, into multiple departments of the company. This integration marks the initial phase of a comprehensive approach to incorporating artificial intelligence, as Helbiz remains steadfast in its commitment to staying at the forefront of technological progression. The integration of OpenAI technology aims to drastically improve the first touch communication, from users as well as frontline operational staff, and automate the majority of standard tickets with personalized and human-like handling, driving increases in customer satisfaction and operational efficiencies for an overall improved service.
ChatGPT, a state-of-the-art language model that is trained on a diverse range of internet text, allows for a better understanding of natural language and context, which will enable Helbiz to personalize its responses to customers and provide more relevant and accurate information in real time. With ChatGPT, Helbiz's customer service and relations department will be able to handle more interactions with increased efficiency, reducing operational costs while increasing customer satisfaction. By leveraging the power of ChatGPT, Helbiz aims to identify and summarize patterns of issues and directly inform the relevant parties internally to more quickly address any potential areas needing attention from operational, administration or software teams.
Helbiz is incorporating OpenAI's advanced technology, ChatGPT, across a variety of its departments in a commitment to enhance customer satisfaction and operational efficiency through the utilization of cutting-edge technology. The integration aims to improve the first touch communication and automate the majority of standard tickets with personalized and human-like handling, identify and communicate patterns of issues, and integrate into internal tools and operational platforms. This integration represents a significant stride towards utilizing AI across all customer touchpoints and operations, resulting in improved user satisfaction and margins.
"The integration of OpenAI's technology represents just a first step on the path of more deeply integrating AI across all of our operations and customer touchpoints to increase user satisfaction and margins in a measurable way," said Jonathan Hannestad, COO of Helbiz. "With ChatGPT-3 as a deeply integrated AI tool, we are not only able to enhance the overall customer support experience but also empower our front-line workers to access information quickly and resolve tasks, monitor and report on issues, and reduce the number of tasks escalated to tech support. This leads to increased operational efficiency and decreased operational costs, providing our customers with an even better experience, both in terms of customer support and riding and service."
"We are excited to incorporate OpenAI's technology into our operations," said Salvatore Palella, CEO of Helbiz. "With ChatGPT, we will be able to provide our customers with the highest level of service and support, while also reducing our operational costs.”
The OpenAI integration will be launched in a few key cities and scaled across the Helbiz platform globally in the close future. Helbiz is dedicated to using and developing latest technologies to enhance the customer experience, and the incorporation of OpenAI's ChatGPT is a significant step in that direction. The integration of ChatGPT will allow Helbiz to provide a more seamless and efficient service to its customers, making it easier for them to find the information they need and have their queries resolved in a timely manner.
About Helbiz
Helbiz is a global leader in micro-mobility services. Launched in 2015 and headquartered in New York City, the company offers a diverse fleet of vehicles including e-scooters, e-bicycles and e-mopeds all on one convenient, user-friendly platform with over 65 licenses in cities around the world. Helbiz utilizes a customized, proprietary fleet management technology, artificial intelligence and environmental mapping to optimize operations and business sustainability. For additional information, please visit www.helbiz.com.
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DUBLIN--(BUSINESS WIRE)--The "Fiberglass Pipes - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering.
Global Fiberglass Pipes Market to Reach $9.6 Billion by 2030
The global market for Fiberglass Pipes estimated at US$7.5 Billion in the year 2022, is projected to reach a revised size of US$9.6 Billion by 2030, growing at a CAGR of 3% over the analysis period 2022-2030.
GRE, one of the segments analyzed in the report, is projected to record a 3.9% CAGR and reach US$5.1 Billion by the end of the analysis period. Taking into account the ongoing post pandemic recovery, growth in the GRP segment is readjusted to a revised 2.2% CAGR for the next 8-year period.
The U.S. Market is Estimated at $2.1 Billion, While China is Forecast to Grow at 5.3% CAGR
The Fiberglass Pipes market in the U.S. is estimated at US$2.1 Billion in the year 2022. China, the world's second largest economy, is forecast to reach a projected market size of US$1.9 Billion by the year 2030 trailing a CAGR of 5.3% over the analysis period 2022 to 2030.
Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 1.6% and 2.5% respectively over the 2022-2030 period. Within Europe, Germany is forecast to grow at approximately 2% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$1.2 Billion by the year 2030.
What's New?
Key Topics Covered:
MARKET OVERVIEW
FOCUS ON SELECT PLAYERS (Total 44 Featured)
MARKET TRENDS & DRIVERS
For more information about this report visit https://www.researchandmarkets.com/r/33rhif-pipes?w=4
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ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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Laura Wood, Senior Press Manager
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) and its wholly owned subsidiary, Martin Midstream Finance Corp. (“MMFC” and together with MMLP, the “Issuers”), intend to commence an offering of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “Notes”). The Notes will be guaranteed by certain of MMLP’s current wholly owned subsidiaries and future subsidiaries. The Notes and the guarantees will be secured on a second-priority basis by a lien on the collateral of the Issuers and the guarantors, which will consist of substantially all the assets of the Issuers and the guarantors, subject to certain exceptions.
The Issuers intend to use the net proceeds from the offering to (i) repurchase any and all of the approximately $53.7 million outstanding aggregate principal amount of the Issuers’ 10.00% senior secured 1.5 lien notes due 2024 and the approximately $291.4 million outstanding aggregate principal amount of the Issuers’ 11.50% senior secured second lien notes due 2025 (collectively, the “Existing Notes”) through cash tender offers (the “Tender Offers”), (ii) to the extent any Existing Notes remain outstanding after the Tender Offers, pay the redemption price of such Existing Notes using the optional redemption provisions of the indentures governing the Existing Notes, (iii) pay fees and expenses incurred in connection with the offering or the repurchase of the Existing Notes and (iv) partially repay outstanding borrowings under MMLP’s revolving credit facility.
The Notes and related guarantees are being offered only to qualified institutional buyers in reliance on Rule 144A under the Securities Act of 1933, as amended (the “Securities Act”), or outside the United States to persons other than “U.S. persons” in compliance with Regulation S under the Securities Act. The Notes and related guarantees have not been registered under the Securities Act or the securities laws of any other jurisdiction and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release is issued pursuant to Rule 135c of the Securities Act and does not constitute an offer to sell any security, including the Notes, nor a solicitation for an offer to purchase any security, including the Notes or the Existing Notes, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.
About Martin Midstream Partners
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.
Forward-Looking Statements
All statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, including (i) the effects of the continued volatility of commodity prices and the related macroeconomic and political environment, (ii) risks and uncertainties related to the capital markets generally, (iii) whether the Issuers will offer the Notes or consummate the offering, (iv) the anticipated terms of the Notes, (v) the anticipated use of proceeds, including the repurchase of the Existing Notes, and (vi) other factors, many of which are outside its control, which could cause actual results to differ materially from such statements. While MMLP believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in MMLP’s annual and quarterly reports filed from time to time with the Securities and Exchange Commission (the “SEC”). MMLP disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise except where required to do so by law.
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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-- Well Positioned to Capitalize on Top-Tier Opportunities and Accelerate Growth --
HOUSTON & FORT WORTH, Texas--(BUSINESS WIRE)--EnCap Investments L.P.(“EnCap”), Double Eagle Energy Holdings IV, LLC (“Double Eagle”), and Tumbleweed Royalty IV, LLC (“Tumbleweed”) announced the successful equity commitment upsize and establishment of their RBL facility. The expansion of capital will provide for acceleration of Double Eagle’s core strategy of acquiring and developing top-tier, accretive drilling opportunities in the Permian Basin.
The establishment of Double Eagle’s syndicated RBL facility, led by JP Morgan Chase Bank, N.A. with Citibank, N.A., PNC Bank, N.A., and RBC Capital Markets acting as joint lead arrangers and joint bookrunners, enhances Double Eagle’s ability to pursue high-quality assets and increase development pace.
Cody Campbell and John Sellers, Co-Chief Executive Officers of Double Eagle, commented, “We are excited to announce this commitment increase with EnCap and our other investors. We are also pleased to have established our RBL facility with four great banks. We appreciate the support of our strategic partners and look forward to continuing these legacy relationships from previous Double Eagle iterations. This all comes at a time when we are ramping up our development pace - we recently added two additional drilling rigs to our program and will continue running four rigs for the foreseeable future with a potential fifth rig joining later this year. We are now in a position to execute on a robust development plan while maintaining the ability to expand our footprint throughout the Permian.”
Jason DeLorenzo, Managing Partner of EnCap, added “We are pleased to show our continued support of Double Eagle through this commitment expansion. Since our partnership began less than a year ago, the team at Double Eagle has been highly successful in re-establishing themselves as a premier acquirer and developer of assets. We are excited to continue building this business together with them.”
About Double Eagle
Double Eagle is a Fort Worth, Texas-based energy company focused on acquiring and developing oil and gas assets throughout North America.
About EnCap Investments L.P.
Since 1988, EnCap Investments has been a leading provider of growth capital to the independent sector of the U.S. energy industry. The firm has raised 24 institutional funds totalling approximately $40 billion and currently manages capital on behalf of more than 350 U.S. and international investors. For more information, please visit www.encapinvestments.com.
For Double Eagle:
Jordan Huelse
Vice President – Finance
817-928-3260
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For EnCap:
Meredith Hargrove Howard
Redbird Communications Group
210-737-4478
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For other investor inquiries regarding EnCap
Charles W. Bauer
Partner – Investor Relations
713-659-6100
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Matt Crystal
Managing Director – Investor Relations
713-659-6100
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KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) announced that it has commenced cash tender offers to purchase (i) any and all of the approximately $53.7 million outstanding aggregate principal amount of the 10.00% senior secured 1.5 lien notes due 2024 (the “2024 Notes”) issued by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp. (together with MMLP, the “Issuers”), and (ii) any and all of the approximately $291.4 million outstanding aggregate principal amount of the Issuers’ 11.50% senior secured second lien notes due 2025 (the “2025 Notes” and, together with the 2024 Notes, the “Existing Notes”), with a portion of the net proceeds from the Issuers’ concurrent private placement of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “New Notes”), which was also announced today by MMLP. The tender offers are being made pursuant to an offer to purchase and related notice of guaranteed delivery, each dated as of January 30, 2023. The tender offers will expire at 5:00 p.m., New York City time, on February 3, 2023 (as such time and date may be extended, the “expiration time”). Tendered Notes may be withdrawn at any time before the expiration time.
Under the terms of the tender offers, holders of the Notes that are validly tendered and accepted at or prior to the expiration time, or holders who deliver to the depository and information agent a properly completed and duly executed notice of guaranteed delivery and subsequently deliver such Notes, each in accordance with the instructions described in the offer to purchase, will receive total cash consideration of $1,015.50 per $1,000 principal amount of 2024 Notes and $1,006.90 per $1,000 principal amount of 2025 Notes, plus an amount equal to any accrued and unpaid interest up to, but not including, the settlement date, which is expected to be February 8, 2023, subject to satisfaction of the Financing Condition described below.
The tender offers are contingent upon the satisfaction of certain conditions, including the condition that the Issuers shall have raised at least $400 million in gross proceeds from the offering of the New Notes on or prior to the settlement date (the “Financing Condition”). The tender offers are not conditioned on any minimum amount of Notes being tendered. MMLP may amend, extend or terminate either or both tender offers in its sole discretion.
To the extent any Notes remain outstanding after the consummation of the tender offers, the Issuers will exercise their optional redemption rights with respect to any outstanding Notes and satisfy and discharge each indenture governing the Notes (the “Indentures”), as applicable, on the settlement date, in accordance with the terms of the Indentures. Neither this statement nor the tender offers constitute a notice of redemption under the provisions of the Indentures.
The tender offers are being made pursuant to the terms and conditions contained in the offer to purchase and related notice of guaranteed delivery, each dated January 30, 2023, copies of which may be requested from the information agent for the tender offer, D.F. King & Co., Inc., at (800) 628-8510 (Toll-Free) or (212) 269-5550, by email at This email address is being protected from spambots. You need JavaScript enabled to view it., or via the following web address: www.dfking.com/mmlp. Wells Fargo Securities, LLC will act as Dealer Manager for the tender offers. Questions regarding the tender offers may be directed to the Dealer Manager at (866) 309-6316 (toll-free) or (704) 410-4756 (collect).
This press release does not constitute a notice of redemption under the optional redemption provisions of the Indentures, nor does it constitute an offer to sell, or a solicitation of an offer to buy, any security, including the New Notes or the Existing Notes, nor does it constitute an offer, solicitation or sale in any jurisdiction in which such offer, solicitation or sale would be unlawful.
About MMLP
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.
Forward-Looking Statements
All statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements and all references to financial estimates rely on a number of assumptions concerning future events and are subject to a number of uncertainties, including (i) the effects of the continued volatility of commodity prices and the related macroeconomic and political environment, (ii) risks and uncertainties related to the capital markets generally, (iii) whether the Issuers will offer the New Notes or consummate the offering, (iv) the anticipated terms of the New Notes, (v) the anticipated use of proceeds, including the repurchase of the Notes, and (vi) other factors, many of which are outside its control, which could cause actual results to differ materially from such statements. While MMLP believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in MMLP’s annual and quarterly reports filed from time to time with the Securities and Exchange Commission (the “SEC”). MMLP disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise except where required to do so by law.
Sharon Taylor
Chief Financial Officer
(877) 256-6644
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HOUSTON--(BUSINESS WIRE)--Helix Energy Solutions Group, Inc. (NYSE: HLX) will issue a press release reporting its fourth quarter and full year 2022 results on Monday, February 20, 2023, 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 fourth quarter and full year 2022 results on Tuesday, February 21, 2023, 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 1-877-207-9876 for participants in the United States or 1-212-231-2907 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. Our services are centered toward and well positioned to facilitate global energy transition by maximizing production of remaining oil and gas reserves, decommissioning end-of-life oil and gas fields, and supporting renewable energy developments. For more information about Helix, please visit our website at www.helixesg.com.
Erik Staffeldt, Executive Vice President and CFO
email: This email address is being protected from spambots. You need JavaScript enabled to view it.
Ph: 281-618-0465
KILGORE, Texas--(BUSINESS WIRE)--Martin Midstream Partners L.P. (NASDAQ:MMLP) (“MMLP”) announced today that its wholly owned subsidiary, Martin Operating Partnership L.P., as borrower, MMLP and certain of MMLP’s other subsidiaries, as guarantors, entered into an amendment to MMLP’s existing revolving credit facility (as so amended, the “Amended Credit Facility”). The Amended Credit Facility will become effective upon the closing of the offering by MMLP and its wholly owned subsidiary, Martin Midstream Finance Corp., of $400 million in aggregate principal amount of senior secured second lien notes due 2028 (the “Notes”), which was also announced today by MMLP, and the satisfaction of certain other conditions related thereto. The Amended Credit Facility amends MMLP’s existing revolving credit facility entered into on March 28, 2013 to, among other things, (i) extend the stated maturity date from August 2023 to February 2027; (ii) reduce the commitments from $275.0 million to $200.0 million, then further reduce such commitments to $175.0 million on June 30, 2023 and then further reduce such commitments to $150.0 million on June 30, 2024; and (iii) permit the revolving credit facility to be increased from time to time upon MMLP’s written request, subject to certain conditions (including the consent of the increasing lenders), up to an additional $50.0 million.
This press release does not constitute an offer to sell any security, including the Notes, nor a solicitation for an offer to purchase any security, including the Notes, and shall not constitute an offer, solicitation or sale in any jurisdiction in which such offering, solicitation or sale would be unlawful.
About Martin Midstream Partners
MMLP, headquartered in Kilgore, Texas, is a publicly traded limited partnership with a diverse set of operations focused primarily in the Gulf Coast region of the United States. MMLP’s primary business lines include: (1) terminalling, processing, storage, and packaging services for petroleum products and by-products; (2) land and marine transportation services for petroleum products and by-products, chemicals, and specialty products; (3) sulfur and sulfur-based products processing, manufacturing, marketing and distribution; and (4) natural gas liquids marketing, distribution, and transportation services.
Forward-Looking Statements
All statements in this release other than historical facts are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements rely on a number of assumptions concerning future events and are subject to a number of uncertainties, including (i) the effects of the continued volatility of commodity prices and the related macroeconomic and political environment, (ii) risks and uncertainties related to the capital markets generally, (iii) whether the Issuers will offer the Notes or consummate the offering, and (iv) other factors, many of which are outside its control, which could cause actual results to differ materially from such statements. While MMLP believes that the assumptions concerning future events are reasonable, it cautions that there are inherent difficulties in anticipating or predicting certain important factors. A discussion of these factors, including risks and uncertainties, is set forth in MMLP’s annual and quarterly reports filed from time to time with the Securities and Exchange Commission (the “SEC”). MMLP disclaims any intention or obligation to revise any forward-looking statements, including financial estimates, whether as a result of new information, future events, or otherwise except where required to do so by law.
Sharon Taylor
Chief Financial Officer
(877) 256-6644
This email address is being protected from spambots. You need JavaScript enabled to view it.
TULSA, Okla.--(BUSINESS WIRE)--Alliance Resource Partners, L.P. (NASDAQ: ARLP) today announced that the Board of Directors of ARLP’s general partner approved an increased cash distribution to its unitholders for the quarter ended December 31, 2022 (the "2022 Quarter").
ARLP unitholders will receive a cash distribution for the 2022 Quarter of $0.70 per unit (an annualized rate of $2.80 per unit), payable on February 14, 2023 to all unitholders of record as of the close of trading on February 7, 2023. The announced distribution represents a 180% increase over the cash distribution of $0.25 per unit for the quarter ended December 31, 2021 and a 40% increase over the cash distribution of $0.50 per unit for the quarter ended September 30, 2022.
As previously announced, ARLP will report financial results for the 2022 Quarter before the market opens on Monday, January 30, 2023 and Alliance management will discuss these results during a conference call beginning at 10:00 a.m. Eastern that same day.
To participate in the conference call, dial (877) 407-0784 and request to be connected to the Alliance Resource Partners, L.P. earnings conference call. International callers should dial (201) 689-8560 and request to be connected to the same call. Investors may also listen to the call via the "investor relations" section of ARLP’s website at http://www.arlp.com.
An audio replay of the conference call will be available for approximately one week. To access the audio replay, dial U.S. Toll Free (844) 512-2921; International Toll (412) 317-6671 and request to be connected to replay using access code 13735338.
Concurrent with this announcement we are providing qualified notice to brokers and nominees that hold ARLP units on behalf of non-U.S. investors under Treasury Regulation Section 1.1446-4(b) and (d) and Treasury Regulation Section 1.1446(f)-4(c)(2)(iii). Brokers and nominees should treat one hundred percent (100%) of ARLP’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. In addition, brokers and nominees should treat one hundred percent (100%) of the distribution as being in excess of cumulative net income for purposes of determining the amount to withhold. Accordingly, ARLP’s distributions to non-U.S. investors are subject to federal income tax withholding at a rate equal to the highest applicable effective tax rate plus ten percent (10%). Nominees, and not ARLP, are treated as the withholding agents responsible for withholding on the distributions received by them on behalf of non-U.S. investors.
About Alliance Resource Partners, L.P.
ARLP is a diversified energy company that is the second largest coal producer in the eastern United States. ARLP also generates operating and royalty income from mineral interests it owns in strategic coal and oil & gas producing regions in the United States. In addition, ARLP is positioning itself as an energy provider for the future by leveraging its core technology and operating competencies to make strategic investments in the fast-growing energy and infrastructure transition.
News, unit prices and additional information about ARLP, including filings with the Securities and Exchange Commission ("SEC"), are available at http://www.arlp.com. For more information, contact the investor relations department of ARLP at (918) 295-7674 or via e-mail at This email address is being protected from spambots. You need JavaScript enabled to view it..
Brian L. Cantrell
Alliance Resource Partners, L.P.
(918) 295-7674
HOUSTON--(BUSINESS WIRE)--#CarbonNeutral--The City of Houston’s Mayor Sylvester Turner, along with Greater Houston Partnership CEO Bob Harvey and Consul General Hirofumi Murabayashi, will tour Toshiba International Corporation’s manufacturing campus in Northwest Houston today as part of a larger effort to progress the Houston Energy Transition Initiative.
“For 50 years, Toshiba has chosen to call Houston home,” said Mayor Turner. “Toshiba has demonstrated its commitment to our region while enhancing the city’s image as an advanced manufacturing and technology center. I am proud of Houston’s diverse talent pool, highly-skilled workforce, and stability that have contributed to Toshiba International Corporation (TIC) offices in Houston becoming a leading manufacturer of state-of-the-art industrial & electrical equipment. The City of Houston supports Toshiba and I look forward to touring and seeing first-hand Toshiba’s facilities in Houston.”
Mayor Turner and Harvey’s visit serve as a follow up to their trade mission to Japan last October, during which the delegation visited Toshiba and the City of Houston and the City of Chiba marked 50 years of sister-city friendship. A central theme of the visit focused on furthering cooperation in energy, innovation and advanced manufacturing between the City of Houston and Japan.
“Toshiba is one of the most established Japanese corporations in the Houston region,” said Mr. Harvey. “During a recent trade and investment mission to Japan, I had the honor of visiting with Toshiba’s leadership team at their headquarters to discuss the company’s growth in Houston and strengthen opportunities for collaboration in the digital technology and energy transition space. Today’s tour of Toshiba’s Houston facility is a great opportunity to continue these conversations with local leadership. We are grateful for Toshiba’s investment in Houston, as it further underscores our region’s position as a premiere location for foreign direct investment and a key global manufacturing hub.”
The tour will showcase advanced manufacturing operations and innovative product solutions for the energy sector, including hybrid electric vehicle (HEV) motors and generators, SCiB™ lithium-ion energy storage systems, and electric motor and adjustable speed drive products used in a variety of applications, including power generation and carbon capture.
“We are honored to host Mayor Sylvester Turner, Greater Houston Partnership CEO Bob Harvey, and Consul General Murabayashi on our manufacturing campus. We see significant alignment between the vision of Houston’s Energy Transition Initiative and our ongoing commitment to contribute to society through a focus on carbon neutrality and resilient infrastructure around the world,” said Toshiba International Corporation President & CEO Ken Takagi. “We believe our meeting can serve as a solid foundation for further collaboration and that Toshiba will play a meaningful role in the continued transformation and growth of Houston through local projects.”
About Toshiba International Corporation
Toshiba International Corporation (TIC) is a Toshiba America Inc. (TAI) Group Company, a wholly owned subsidiary of Toshiba Corporation, and comprised of various business units including – Motors & Variable Frequency Drives, Power Electronics, Automotive Systems, Transportation, and Transmission & Distribution Systems. Headquartered in Houston, Texas, TIC provides application solutions to a wide range of industries including the energy sector, general industrial, automotive, IT, medical and more.
For more information about TIC, please visit www.toshiba.com/tic.
TIC on LinkedIn: linkedin.com/company/toshiba-international-corporation
Toshiba International Corporation
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713-466-0277 x3771
ANNAPOLIS, Md.--(BUSINESS WIRE)--Hannon Armstrong Sustainable Infrastructure Capital, Inc. ("Hannon Armstrong," or the "Company") (NYSE: HASI), a leading investor in climate solutions, today announced the Federal income tax treatment of the Company’s 2022 distributions on its common stock (CUSIP #41068X100).
The Federal income tax classification of the aggregate $1.4750 distribution per share on the Company's common stock with respect to the calendar year ended December 31, 2022, is shown in the table below:
Record Date |
Payable Date |
Total
|
Ordinary
|
Return of
|
Capital
|
12/28/2021 |
01/11/2022 |
$0.3500 |
$0.1101 |
$0.2399 |
$0.0000 |
04/04/2022 |
04/11/2022 |
$0.3750 |
$0.1180 |
$0.2570 |
$0.0000 |
07/05/2022 |
07/12/2022 |
$0.3750 |
$0.1180 |
$0.2570 |
$0.0000 |
10/04/2022 |
10/11/2022 |
$0.3750 |
$0.1180 |
$0.2570 |
$0.0000 |
2022 |
Total |
$1.4750 |
$0.4641 |
$1.0109 |
$0.0000 |
12/28/2022 |
01/06/2023 |
|
To be reported on 2023 1099-DIV |
||
The amount reported as Ordinary Income Per Share is treated as a qualified REIT dividend for purposes of Section 199A. As the Company's aggregate distributions exceeded its taxable earnings and profits, the January 2023 distribution declared in the fourth quarter of 2022 and payable to stockholders of record as of December 28, 2022, will be treated as a 2023 distribution for Federal income tax purposes and is not included on the 2022 Form 1099. Stockholders are encouraged to consult with their own tax advisors as to their specific tax treatment of the Company's distributions.
About Hannon Armstrong
Hannon Armstrong (NYSE: HASI) is the first U.S. public company solely dedicated to investments in climate solutions, providing capital to leading companies in energy efficiency, renewable energy, and other sustainable infrastructure markets. With more than $9 billion in managed assets, Hannon Armstrong's core purpose is to make climate-positive investments with superior risk-adjusted returns. For more information, please visit www.hannonarmstrong.com. Follow Hannon Armstrong on LinkedIn and Twitter @HannonArmstrong.
Forward Looking Statements
Some of the information contained in this press release is forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended that are subject to risks and uncertainties. For these statements, we claim the protections of the safe harbor for forward-looking statements contained in such Sections. These forward-looking statements include information about possible or assumed future results of our business, financial condition, liquidity, results of operations, plans and objectives. When we use the words "believe," "expect," "anticipate," "estimate," "plan," "continue," "intend," "should," "may" or similar expressions, we intend to identify forward-looking statements.
Forward-looking statements are subject to significant risks and uncertainties. Investors are cautioned against placing undue reliance on such statements. Actual results may differ materially from those set forth in the forward-looking statements. Factors that could cause actual results to differ materially from those described in the forward-looking statements include those discussed under the caption “Risk Factors” included in our most recent Annual Report on Form 10-K as well as in other periodic reports that we file with the U.S. Securities and Exchange Commission (the "SEC").
Forward-looking statements are based on beliefs, assumptions and expectations as of the date of this press release. We disclaim any obligation to publicly release the results of any revisions to these forward-looking statements reflecting new estimates, events or circumstances after the date of this press release.
Investor Relations Inquiries:
Neha Gaddam
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410-571-6189
DUBLIN--(BUSINESS WIRE)--The "The Global Market for Biofuels to 2033" report has been added to ResearchAndMarkets.com's offering.
Renewable energy sources can be converted directly into biofuels. There has been a huge growth in the production and usage of biofuels as substitutes for fossil fuels.
Due to the declining reserve of fossil resources as well as environmental concerns, and essential energy security, it is important to develop renewable and sustainable energy and chemicals.
The use of biofuels manufactured from plant-based biomass as feedstock would reduce fossil fuel consumption and consequently the negative impact on the environment.
Renewable energy sources cover a broad raw material base, including cellulosic biomass (fibrous and inedible parts of plants), waste materials, algae, and biogas.
The Global Market for Biofuels covers biobased fuels, bio-diesel, renewable diesel, sustainable aviation fuels (SAFs), biogas, electrofuels (e-fuels), green ammonia based on utilization of:
Report contents include:
153 company profiles including
Key Topics Covered:
1 RESEARCH METHODOLOGY
2 EXECUTIVE SUMMARY
2.1 Market drivers
2.2 Market challenges
2.3 Liquid biofuels market 2020-2033, by type and production
3 INDUSTRY DEVELOPMENTS 2020-2023
4 BIOFUELS
4.1 The global biofuels market
4.1.1 Diesel substitutes and alternatives
4.1.2 Gasoline substitutes and alternatives
4.2 Comparison of biofuel costs 2022, by type
4.3 Types
4.3.1 Solid Biofuels
4.3.2 Liquid Biofuels
4.3.3 Gaseous Biofuels
4.3.4 Conventional Biofuels
4.3.5 Advanced Biofuels
4.4 Feedstocks
4.4.1 First-generation (1-G)
4.4.2 Second-generation (2-G)
4.4.2.1 Lignocellulosic wastes and residues
4.4.2.2 Biorefinery lignin
4.4.3 Third-generation (3-G)
4.4.3.1 Algal biofuels
4.4.4 Fourth-generation (4-G)
4.4.5 Advantages and disadvantages, by generation
5 HYDROCARBON BIOFUELS
5.1 Biodiesel
5.1.1 Biodiesel by generation
5.1.2 Production of biodiesel and other biofuels
5.1.2.1 Pyrolysis of biomass
5.1.2.2 Vegetable oil transesterification
5.1.2.3 Vegetable oil hydrogenation (HVO)
5.1.2.4 Biodiesel from tall oil
5.1.2.5 Fischer-Tropsch BioDiesel
5.1.2.6 Hydrothermal liquefaction of biomass
5.1.2.7 CO2 capture and Fischer-Tropsch (FT)
5.1.2.8 Dymethyl ether (DME)
5.1.3 Global production and consumption
5.2 Renewable diesel
5.2.1 Production
5.2.2 Global consumption
5.3 Bio-jet (bio-aviation) fuels
5.3.1 Description
5.3.2 Global market
5.3.3 Production pathways
5.3.4 Costs
5.3.5 Biojet fuel production capacities
5.3.6 Challenges
5.3.7 Global consumption
5.4 Syngas
5.5 Biogas and biomethane
5.5.1 Feedstocks
5.6 Bio-naphtha
5.6.1 Overview
5.6.2 Markets and applications
5.6.3 Production capacities, by producer, current and planned
5.6.4 Production capacities, total (tonnes), historical, current and planned
6 ALCOHOL FUELS
6.1 Biomethanol
6.1.1 Methanol-to gasoline technology
6.1.1.1 Production processes
6.2 Bioethanol
6.2.1 Technology description
6.2.2 1G Bio-Ethanol
6.2.3 Ethanol to jet fuel technology
6.2.4 Methanol from pulp & paper production
6.2.5 Sulfite spent liquor fermentation
6.2.6 Gasification
6.2.6.1 Biomass gasification and syngas fermentation
6.2.6.2 Biomass gasification and syngas thermochemical conversion
6.2.7 CO2 capture and alcohol synthesis
6.2.8 Biomass hydrolysis and fermentation
6.2.8.1 Separate hydrolysis and fermentation
6.2.8.2 Simultaneous saccharification and fermentation (SSF)
6.2.8.3 Pre-hydrolysis and simultaneous saccharification and fermentation (PSSF)
6.2.8.4 Simultaneous saccharification and co-fermentation (SSCF)
6.2.8.5 Direct conversion (consolidated bioprocessing) (CBP)
6.2.9 Global ethanol consumption
6.3 Biobutanol
6.3.1 Production
7 BIOFUEL FROM PLASTIC WASTE AND USED TIRES
7.1 Plastic pyrolysis
7.2 Used tires pyrolysis
7.2.1 Conversion to biofuel
8 ELECTROFUELS (E-FUELS)
8.1 Introduction
8.1.1 Benefits of e-fuels
8.2 Feedstocks
8.2.1 Hydrogen electrolysis
8.2.2 CO2 capture
8.3 Production
8.4 Electrolysers
8.4.1 Commercial alkaline electrolyser cells (AECs)
8.4.2 PEM electrolysers (PEMEC)
8.4.3 High-temperature solid oxide electrolyser cells (SOECs)
8.5 Costs
8.6 Market challenges
8.7 Companies
9 ALGAE-DERIVED BIOFUELS
9.1 Technology description
9.2 Production
10 GREEN AMMONIA
10.1 Production
10.1.1 Decarbonisation of ammonia production
10.1.2 Green ammonia projects
10.2 Green ammonia synthesis methods
10.2.1 Haber-Bosch process
10.2.2 Biological nitrogen fixation
10.2.3 Electrochemical production
10.2.4 Chemical looping processes
10.3 Blue ammonia
10.3.1 Blue ammonia projects
10.4 Markets and applications
10.4.1 Chemical energy storage
10.4.1.1 Ammonia fuel cells
10.4.2 Marine fuel
10.5 Costs
10.6 Estimated market demand
10.7 Companies and projects
11 BIOFUELS FROM CARBON CAPTURE
11.1 Overview
11.2 CO2 capture from point sources
11.3 Production routes
11.4 Direct air capture (DAC)
11.4.1 Description
11.4.2 Deployment
11.4.3 Point source carbon capture versus Direct Air Capture
11.4.4 Technologies
11.4.5 Commercialization and plants
11.4.6 Metal-organic frameworks (MOFs) in DAC
11.4.7 DAC plants and projects-current and planned
11.4.8 Markets for DAC
11.4.9 Costs
11.4.10 Challenges
11.4.11 Players and production
11.5 Methanol
11.6 Algae based biofuels
11.7 CO2-fuels from solar
11.8 Companies
11.9 Challenges
12 COMPANY PROFILES (153 company profiles)
For more information about this report visit https://www.researchandmarkets.com/r/89laj1-global-market?w=4
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DALLAS--(BUSINESS WIRE)--Kosmos Energy (NYSE/LSE: KOS) announced today the following schedule for its fourth quarter 2022 results:
Dial-in telephone numbers:
Toll Free: 1-877-407-0784
Toll/International: 1-201-689-8560
UK Toll Free: 0800 756 3429
Webcast:
investors.kosmosenergy.com
About Kosmos Energy
Kosmos is a full-cycle deepwater, independent oil and gas exploration and production company focused along the offshore Atlantic Margins. Our key assets include production offshore Ghana, Equatorial Guinea and the U.S. Gulf of Mexico, as well as a world-class gas development offshore Mauritania and Senegal. We also pursue a proven basin exploration program in Equatorial Guinea, Ghana and the U.S. Gulf of Mexico. Kosmos is listed on the New York Stock Exchange and London Stock Exchange and is traded under the ticker symbol KOS. As an ethical and transparent company, Kosmos is committed to doing things the right way. The Company’s Business Principles articulate our commitment to transparency, ethics, human rights, safety and the environment. Read more about this commitment in our Corporate Responsibility Report. For additional information, visit www.kosmosenergy.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical facts, included in this press release that address activities, events or developments that Kosmos expects, believes or anticipates will or may occur in the future are forward-looking statements. Kosmos’ estimates and forward-looking statements are mainly based on its current expectations and estimates of future events and trends, which affect or may affect its businesses and operations. Although Kosmos believes that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made in light of information currently available to Kosmos. When used in this press release, the words “anticipate,” “believe,” “intend,” “expect,” “plan,” “will” or other similar words are intended to identify forward-looking statements. Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of Kosmos, which may cause actual results to differ materially from those implied or expressed by the forward-looking statements. Further information on such assumptions, risks and uncertainties is available in Kosmos’ Securities and Exchange Commission (“SEC”) filings. Kosmos undertakes no obligation and does not intend to update or correct these forward-looking statements to reflect events or circumstances occurring after the date of this press release, except as required by applicable law. You are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. All forward-looking statements are qualified in their entirety by this cautionary statement.
Investor Relations
Jamie Buckland
+44 (0) 203 954 2831
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Media Relations
Thomas Golembeski
+1-214-445-9674
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