Decarbonization

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Weekly report share buyback from July 7 to July 11, 2025
Globenewswire· 2025-07-14 15:30
Core Viewpoint - Technip Energies has conducted a share buyback program from July 7, 2025, to July 11, 2025, purchasing a total of 10,542 shares at an average price of €35.936780 per share [1][2]. Group 1: Share Buyback Details - The share buyback program was executed under a discretionary mandate by an investment services provider [1]. - The daily transactions included the purchase of 10,000 shares on July 7, 2025, and 542 shares on July 8, 2025, with no purchases on July 9, 10, and 11, 2025 [2]. - The total volume of shares purchased during this period was 10,542, with an average purchase price of €35.936780 [2]. Group 2: Company Overview - Technip Energies is a global technology and engineering company with a focus on LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management [3]. - The company generated revenues of €6.9 billion in 2024 and is listed on Euronext Paris [4]. - Technip Energies employs over 17,000 people across 34 countries, emphasizing sustainability and innovation in its operations [4].
Tom Kishchuk Joins MAX Power as Senior Strategic Advisor for Natural Hydrogen Development
Newsfile· 2025-07-14 11:30
Company Overview - MAX Power Mining Corp. has appointed Tom Kishchuk as Senior Strategic Advisor for Natural Hydrogen Development, bringing over three decades of experience in technical and business leadership [1][2] - The company is focused on the Natural Hydrogen sector, holding approximately 1.3 million acres (521,000 hectares) of permits for exploration, positioning itself as a first mover in this rapidly growing market [7] Key Contributions and Experience - Tom Kishchuk has significant experience in developing Saskatchewan's nuclear power supply chain and has served on the Board of Directors for the Sylvia Fedoruk Canadian Centre For Nuclear Innovation [2] - He has also been involved with the Global Institute for Energy, Minerals and Society (GIEMS) as a Special Advisor, indicating his strong ties to energy innovation in Saskatchewan [2] Strategic Importance - Kishchuk's expertise is expected to enhance MAX Power's strategic initiatives, bridging exploration and development scenarios effectively [6] - The company aims to leverage Kishchuk's experience in discussions with various local and global parties to advance its objectives in the Natural Hydrogen sector [6] Future Outlook - MAX Power is positioned to capitalize on the increasing demand for clean energy sources, with Kishchuk expressing excitement about the potential of Natural Hydrogen as a cost-effective power source [3][6] - The company is actively managing multiple streams of development, indicating a proactive approach to its growth strategy in the energy sector [6]
FuelCell Energy and Inuverse Sign MOU for Data Center Development in Korea, Signaling Growth in Hyperscale and AI Markets
Globenewswire· 2025-07-10 11:30
Core Insights - FuelCell Energy, Inc. and Inuverse have signed a Memorandum of Understanding (MOU) to explore deploying up to 100 megawatts (MW) of fuel cell-based power at the AI Daegu Data Center, aiming to make it Korea's largest data center starting in 2027 [1][5] Company Overview - FuelCell Energy specializes in high-efficiency fuel cell platforms that provide clean, reliable energy solutions, helping data centers meet energy and climate goals without operational disruptions [3][7] - The company operates the largest single-site fuel cell park in Korea, with a capacity of 58 MW, showcasing the reliability and commercial readiness of its technology [5] Technological Capabilities - The AI DDC will utilize advanced cooling technologies, including absorption chilling powered by thermal energy from FuelCell Energy's systems, which are designed to reduce operational costs and enhance performance [2][4] - FuelCell Energy's systems are capable of rapid deployment, providing modular, phased, onsite power in months, which is essential for meeting the energy demands of AI and cloud computing [4] Strategic Collaboration - The partnership with Inuverse is expected to expand FuelCell Energy's presence in Asia and demonstrate its ability to support decarbonization and reduce particulate emissions in the digital economy [5][6] - Inuverse aims to address the increasing data processing demands of the AI era while achieving renewable energy and ESG objectives through this collaboration [6][9]
HyOrc, Expands European Green Methanol Strategy with New Porto Deal
Globenewswire· 2025-07-08 14:04
Group 1 - HyOrc Corporation has signed a Memorandum of Understanding (MOU) with Start Lda to develop a 25,000 ton per annum green methanol production facility in Porto, with projected lifetime revenues of $390 million [1][2] - This agreement complements a previous MOU with Acetech Metals for a 13,000 ton per annum RDF-to-methanol facility in Scunthorpe, UK, forming a strategy for a European supply network for low-carbon marine fuels [2][5] - The combined annual output from both facilities will exceed 38,000 tons of renewable methanol, with plans for future expansion to meet rising demand from the shipping sector [6] Group 2 - The Porto and Scunthorpe facilities are strategically located near major shipping lanes and logistics hubs, enhancing delivery efficiency to maritime operators and industrial users [6] - Both projects will utilize HyOrc's proprietary RDF gasification and methanol synthesis systems, converting waste-derived feedstocks into high-purity methanol with lower lifecycle emissions [6] - The plants will contribute to regional job creation, energy security, and compliance with EU decarbonization targets by transforming local waste streams into clean fuel [6] Group 3 - HyOrc Corporation focuses on developing advanced waste-to-methanol systems and hydrogen combustion engines for various sectors, aiming to decarbonize hard-to-abate industries without relying on subsidies [7] - The company has a growing patent portfolio and ISO-certified operations, with 728.19 million shares issued and outstanding [7]
Weekly report share buyback from June 30 to July 4, 2025
Globenewswire· 2025-07-07 15:30
Core Viewpoint - Technip Energies has conducted a share buyback program from June 30, 2025, to July 4, 2025, purchasing a total of 50,000 shares at an average price of €35.741625 per share [1][2]. Group 1: Share Buyback Details - The share buyback program was executed under a discretionary mandate by an investment services provider [1]. - Daily transactions included the purchase of 10,000 shares on each day from June 30 to July 4, 2025, with daily average prices ranging from €35.531312 to €35.902700 [2]. - The total volume of shares purchased during this period was 50,000 [2]. Group 2: Company Overview - Technip Energies is a global technology and engineering company with a focus on LNG, hydrogen, ethylene, sustainable chemistry, and CO2 management [3]. - The company generated revenues of €6.9 billion in 2024 and operates in 34 countries with over 17,000 employees [4].
California Resources Corporation Schedules Second Quarter 2025 Earnings Conference Call
Globenewswire· 2025-07-07 13:00
Financial Results Announcement - California Resources Corporation (CRC) plans to release its second quarter 2025 financial results on August 5 after market close [1] - A conference call to discuss these results will be held on August 6 at 1:00 p.m. Eastern Time [1] Conference Call Participation - Participants are encouraged to pre-register for the conference call via a provided link [2] - Callers who pre-register will receive a conference passcode and unique PIN for immediate access [2] - To join the call, participants can dial (877) 328-5505 or access the webcast at www.crc.com [3] Company Overview - California Resources Corporation is an independent energy and carbon management company focused on energy transition [4] - The company emphasizes environmental stewardship while providing responsibly sourced energy [4] - CRC aims to maximize the value of its land and mineral ownership through carbon capture and storage (CCS) and emissions-reducing projects [4]
Petrobras Bets Big on Rio's Refining Commitment With Major Projects
ZACKS· 2025-07-04 13:41
Investment Overview - Petrobras is investing R$33 billion ($6 billion) to enhance Brazil's downstream sector, focusing on refining, petrochemicals, and renewable fuels in Rio de Janeiro [1][11][14] - The investment aims to increase domestic fuel supply, support energy transition goals, and stimulate industrial synergy across the value chain [1] Key Projects - The Boaventura Energy Complex and Duque de Caxias Refinery (Reduc) represent a combined investment of R$26 billion, enhancing S-10 diesel output by 76,000 barrels per day (bpd) and increasing jet fuel production by 20,000 bpd [2][11] - Boaventura will feature a biojet fuel facility producing 19,000 bpd of sustainable fuels, alongside two gas-fired thermoelectric plants [3][11] Sustainability Initiatives - Reduc is exploring a lubricant oil re-refining unit with a capacity of 30,000 m (6,300 bpd) to align with circular economy practices [4] - A pilot project blending 1.2% corn oil into jet fuel has been completed, paving the way for 10,000 bpd commercial-scale production of renewable diesel [5] Infrastructure Modernization - Petrobras plans to invest R$860 million in modernizing on-site power infrastructure and R$2.4 billion on maintenance shutdowns from 2025 to 2029 [6] Petrochemical Expansion - Studies are underway for local production of acetic acid and monoethylene glycol at Boaventura, reducing Brazil's reliance on imports [7] - Braskem, a Petrobras affiliate, is expected to invest R$4 billion to expand its polyethylene plant, adding 230,000 tons per year of production capacity [8][11] Gas Supply Strategy - Petrobras is focusing on boosting domestic gas availability by reactivating shut-in gas wells and integrating with Argentina and Bolivia to lower prices and meet rising demand [12] Future Investments - Beyond Rio de Janeiro, Petrobras plans to invest R$8 billion in a second refining train at RNEST in Pernambuco and R$6 billion to resume fertilizer production [13]
ZIM Integrated Shipping: ZIMmering Hope In A Sinking Market
Seeking Alpha· 2025-06-30 17:39
Core Insights - ZIM Integrated Shipping Services Ltd. demonstrates a well-run business model with an asset-light operating strategy [1] - The company has made investments in LNG-powered ships, appealing to logistics companies focused on decarbonization [1] Company Overview - ZIM Integrated Shipping Services Ltd. is listed on NYSE under the ticker ZIM [1] - The company is recognized for its effective management and operational efficiency [1] Investment Focus - The company targets income-oriented individual investors who are building a solid dividend portfolio in sectors such as oil and gas, shipping, energy, and minerals [1]
Eni Opens First Agri-Hub in Congo to Boost Biofuel Ambitions
ZACKS· 2025-06-30 13:25
Core Insights - Eni S.p.A has inaugurated its first agri-hub in the Republic of the Congo, marking a significant advancement in its biofuel supply-chain strategy and decarbonization objectives [1][11] - The facility is designed to produce up to 30,000 tons of vegetable oil annually, which will be processed into biofuels to support Eni's sustainable mobility strategy [2][11] - The initiative aligns with Eni's commitment to achieving net-zero emissions by 2050, utilizing crops from degraded land and regenerative agricultural practices [3][11] Investment and Economic Impact - The Loudima agri-hub enhances the Republic of the Congo's agro-industrial capabilities, with Eni investing in advanced mechanization, high-quality seeds, and training for local farmers [5] - Approximately 200 agricultural machines are committed to the initiative, with about half currently in use, and 400 local tractor operators are expected to be trained, creating job opportunities [5][11] - The facility will also produce vegetable proteins for livestock feed, contributing to the agri-food sector and improving food security [6] Sustainability and Compliance - All vegetable oil produced at the facility will comply with the European Union's Renewable Energy Directive, ensuring sustainability and adherence to biodiversity and labor standards [4] - The agri-hub complements other Eni initiatives in the Republic of the Congo, including a cookstove program that has benefited over 300,000 people by reducing biomass consumption [7] Long-term Commitment - Eni has been operating in the Republic of the Congo since 1968 and is the only company developing the country's substantial natural gas reserves, supplying gas to the Congo Power Plant, which generates 70% of the country's electricity [8] - The establishment of the Loudima agri-hub reinforces Eni's dual commitment to climate goals and community development in the region [9]
HyOrc, Acetech Ink UK Green Methanol Deal, Projected to Generate $200 Million in Revenues
Globenewswire· 2025-06-30 13:09
Core Insights - HyOrc Corporation has signed a Memorandum of Understanding (MOU) with Acetech Metals Limited to develop a municipal waste to green methanol production facility in Scunthorpe, UK [1][4] Project Overview - The project will deploy a 35 tons per day (TPD) Municipal Waste: Refuse-Derived Fuel (RDF) gasification plant combined with a methanol synthesis unit, with plans to scale up to a 150 TPD integrated facility [2][3] - Once fully operational, the facility is expected to produce approximately 12,000 metric tons of methanol annually over a projected 25-year lifespan [2] Financial and Operational Highlights - The planned scale-up to 150 TPD capacity is expected to support the production of an estimated $200 million of green methanol over the project's lifetime [3] - Acetech will arrange RDF supplies and provide the necessary industrial land under a long-term agreement [3] - HyOrc will deliver proprietary gasification and methanol synthesis equipment, retaining ownership and licensing rights [3] Strategic Importance - This collaboration is a significant milestone in HyOrc's mission to decarbonize hard-to-abate sectors using waste-to-fuel solutions [4] - The project is the first of a series of waste to green methanol projects planned by HyOrc as part of its green fuels portfolio rollout [4] Company Background - HyOrc Corporation develops and commercializes advanced waste to methanol systems and hydrogen combustion engines for various sectors [6] - The company is backed by a growing patent portfolio and ISO-certified operations, aiming to decarbonize sectors without relying on subsidies [6] - Acetech Metals Limited is a UK-based recycling and waste processing company focused on sustainable materials management and clean energy projects [7]