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MEOH & Partners Launch U.K.'s First Biomethanol Bunkering Service
ZACKS· 2026-02-11 15:55
Core Insights - Methanex Corporation (MEOH), Exolum, and Orsted have launched the UK's first commercially ready biomethanol storage and supply service at the Port of Immingham, aiming to decarbonize the maritime sector despite delays in the International Maritime Organization's Net Zero Framework [1][3] Group 1: Collaboration Details - Exolum will provide storage and fueling infrastructure at its Immingham facility, while Methanex will supply the biomethanol, and Orsted will be the first to utilize the fuel for its North Sea offshore wind farm maintenance vessels [2] - This initiative exemplifies how existing energy infrastructure can be adapted to support sustainable fuels, showcasing the partners' commitment to low-carbon operations [2] Group 2: Environmental Impact - The launch is significant as it targets emissions in maritime operations, with domestic shipping contributing 4.7% of the UK's transport-related CO2 emissions, surpassing emissions from buses, trains, and domestic aviation combined [3][6] Group 3: Stock Performance - MEOH's stock has increased by 4.7% over the past year, contrasting with a 13.3% decline in the industry [3]
Tech Selloff Deepens, Stellantis Faces Billions in Charges | The Opening Trade 2/6/2026
Bloomberg Television· 2026-02-06 11:53
Good morning. Good morning. It's Friday the sixth.This is what we're talking about this morning. Tech has been hit hard again. Amazon's big spending plans are just adding to the angst.Silver, it was had a really wild night overnight. We'll get to that in a minute. And Bitcoin bouncing off 60,000.It's down, though, 50% since October. Michael Saylor strategy hits the rocks with a 2.4% billion Q4 loss. Let's put some of that together to show.We show you where we are in terms of equity market futures right now ...
Orsted Backs Guidance Despite Hit From U.S. Disruption
WSJ· 2026-02-06 08:06
Core Viewpoint - The renewable-energy company has maintained its two-year outlook despite facing significant impairments and tariff costs that are impacting its financial performance in 2025 [1] Group 1 - The company is experiencing hefty impairments that are affecting its bottom line [1] - Tariff costs are also contributing to the financial challenges faced by the company [1] - Despite these challenges, the company remains confident in its two-year outlook [1]
X @Bloomberg
Bloomberg· 2026-02-06 07:18
Orsted reported profit that missed analyst estimates, as a string of expensive setbacks in the US hampered turnaround efforts https://t.co/ak2oNFvoRj ...
Orsted Q4 core profit slightly lags forecast
Reuters· 2026-02-06 07:06
Core Insights - Danish wind farm group Orsted reported a fourth-quarter profit before depreciation, amortisation, new partnerships, and cancellation fees that was slightly below expectations [1] - The company expects core profit for 2026 to exceed 28 billion Danish crowns, equivalent to approximately $4.42 billion [1] Financial Performance - The fourth-quarter profit was reported to be slightly below market expectations, indicating potential challenges in meeting financial targets [1] - The specific figures for the fourth-quarter profit were not disclosed, but the context suggests a need for further analysis of operational efficiency and market conditions [1] Future Outlook - Orsted's forecast for core profit in 2026 is set above 28 billion Danish crowns, signaling confidence in future growth and profitability [1] - This projection may reflect anticipated developments in the renewable energy sector and the company's strategic initiatives [1]
Orsted Sells Onshore Business for $1.7 Billion After Judge Rules U.S. Wind Project Can Resume
WSJ· 2026-02-03 09:48
The company has been working through a major restructuring that includes a large-scale divestment program to free up funds and shore up its coffers. ...
Orsted Sells Onshore Business to Copenhagen Infrastructure Partners for $1.7 Billion
WSJ· 2026-02-03 07:53
Core Viewpoint - The company is undergoing a significant restructuring that involves a large-scale divestment program aimed at freeing up funds and strengthening its financial position [1] Group 1 - The restructuring is part of a broader strategy to improve the company's financial health [1] - The divestment program is designed to release capital that can be utilized for other strategic initiatives [1] - The overall goal of these efforts is to shore up the company's coffers and enhance its operational efficiency [1]
X @Bloomberg
Bloomberg· 2026-02-03 07:22
Orsted agrees to sell its European onshore business to a Danish investor for €1.4 billion https://t.co/MYSJ683mZh ...
Orsted sells European onshore business to CIP for $1.7 billion
Reuters· 2026-02-03 07:08
Core Viewpoint - Danish wind farm operator Orsted has agreed to sell its European onshore business to Copenhagen Infrastructure Partners (CIP) for 1.44 billion euros ($1.70 billion) [1] Group 1: Transaction Details - The sale involves Orsted's European onshore business [1] - The transaction is valued at 1.44 billion euros, equivalent to approximately 1.70 billion dollars [1] Group 2: Implications for the Industry - This sale reflects ongoing consolidation trends within the renewable energy sector, particularly in wind energy [1] - The transaction may signal a shift in investment strategies among major players in the European renewable market [1]
Us judge allows Orsted to resume building New York offshore wind project
Reuters· 2026-02-02 18:22
A federal judge on Monday cleared Denmark's Orsted to resume work on its Sunrise Wind project off the coast of New York, which President Donald Trump's administration halted along with four other proj... ...