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Houston American Energy Secures $5 Million in Strategic Financing to Acquire Texas Gulf Coast Development Site
Globenewswire· 2025-07-11 12:30
Core Viewpoint - Houston American Energy Corp. has secured a $5 million Convertible Note to fund part of the acquisition of a 25-acre site at Cedar Port Industrial Park, aimed at developing a plastics-to-low-carbon fuels hub [1][4]. Group 1: Acquisition Details - The acquisition site is located in the largest rail and barge-served industrial park in the U.S., providing logistical advantages for transporting feedstock and low-carbon fuels [2]. - The expected closing date for the acquisition is July 2025, with a total cost of approximately $8.5 million [4]. Group 2: Financial Instrument - The Senior Secured Convertible Note has an 8% Original Issue Discount for a face amount of about $5.4 million and carries a 7% interest rate, maturing on July 10, 2026 [3]. - The Note is convertible into common shares at a price representing a 10% premium to a defined look-back price, which is the lower of the closing price on the day prior to signing or the five-day average closing price [3]. Group 3: Company Overview - Houston American Energy Corp. is an independent energy company with a diversified portfolio in both conventional and renewable sectors, focusing on oil and natural gas exploration and production [5]. - The company has recently acquired Abundia Global Impact Group, which specializes in converting waste plastics into low-carbon fuels, reflecting its commitment to sustainable energy solutions [5].
Mercer International Inc. Announces Conference Call for Second Quarter 2025 Results
Globenewswire· 2025-07-09 20:30
Company Overview - Mercer International Inc. is a global forest products company with operations in Germany, the United States, and Canada [4] - The company has a consolidated annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, 210,000 cubic meters of cross-laminated timber, 45,000 cubic meters of glulam, 17 million pallets, and 230,000 metric tonnes of biofuels [4] Upcoming Financial Results - Mercer International will release its second quarter results for the period ending June 30, 2025, on Thursday, July 31, 2025, after the close of the market [1] - A conference call will be hosted by Juan Carlos Bueno, President and CEO, and Richard Short, CFO and Secretary, on Friday, August 1, 2025, at 10:00 am ET to discuss the results [1] Conference Call Details - The conference call will be available live over the Internet through a webcast [2] - Participants must register to join the live call and ask questions, with registration available via a specific URL [3] - A replay of the webcast will be archived and accessible through the company's website for those unable to participate live [2]
Valero Energy (VLO) Moves 3.4% Higher: Will This Strength Last?
ZACKS· 2025-07-09 16:36
Valero Energy (VLO) shares soared 3.4% in the last trading session to close at $148.67. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 12.1% gain over the past four weeks.The surge can be attributed to Valero Energy’s strong foothold in the refining sector and an expected improvement in refining margins in the United States. A decline in domestic refining capacity, driven by the closure of major refineries such as Phillips 66’s ...
Gevo to Participate in Virtual Fireside Chat
Globenewswire· 2025-07-08 13:00
Core Insights - Gevo, Inc. is hosting a virtual fireside chat featuring its CFO and VP of Finance and Strategy on July 9, 2025, at 10:00 am ET, aimed at engaging investors and interested parties [1] Company Overview - Gevo is a diversified energy company focused on providing cost-effective, drop-in fuels that enhance energy security, reduce carbon emissions, and support rural economic growth [2] - The company utilizes innovative technology to produce renewable products, including synthetic aviation fuel (SAF), motor fuels, and chemicals, contributing to U.S.-made solutions [2] - Gevo operates one of the largest dairy-based renewable natural gas (RNG) facilities in the U.S., converting by-products into clean energy, and has an ethanol plant with a carbon capture and sequestration (CCS) facility [2] - The company is recognized for owning the world's first production facility for specialty alcohol-to-jet (ATJ) fuels and chemicals [2] - Gevo's market-driven "pay for performance" approach ensures value delivery to the local economy while promoting transparency and efficiency in the supply chain through its Verity subsidiary [2]
Mercer further improves Sustainalytics ESG Risk Rating, ranking in the top 15% globally
Globenewswire· 2025-07-02 20:30
Core Insights - Mercer International Inc. has received an updated ESG Risk Rating of 16.8 from Sustainalytics, improving from the previous rating of 17.4 in 2024, indicating ongoing progress in ESG risk management [1][2] - The company remains in the "low" risk category and ranks in the top 15th percentile within the global Paper and Forestry industry sector [3] - Mercer achieved a "Strong" management rating across all material ESG issues and maintained "Low" or "Negligible" risk ratings in key areas such as emissions, waste, and corporate governance [4] Company Overview - Mercer International Inc. operates in Germany, the USA, and Canada, with a consolidated annual production capacity of 2.1 million tonnes of pulp, 960 million board feet of lumber, and various other products including biofuels [6] ESG Management - The improvement in the ESG Risk Rating reflects tangible progress in managing key sustainability risks, particularly in emissions tracking and governance [5] - The Sustainalytics ESG Risk Rating assesses a company's exposure to industry-specific ESG risks and its management of those risks, classified into five categories: negligible, low, medium, high, and severe [3][8]
Alto Ingredients, Inc. Names Gilbert Nathan Chair, Dianne Nury Vice-Chair and Elects Two New Directors
Globenewswire· 2025-06-26 20:05
- Jeremy T. Bezdek is a seasoned expert in energy transition - - Alan R. Tank has played pivotal roles in advancing renewable energy, including decarbonization - PEKIN, Ill., June 26, 2025 (GLOBE NEWSWIRE) -- Alto Ingredients, Inc. (NASDAQ: ALTO), leading producer and distributor of specialty alcohols, renewable fuels, and essential ingredients, named Gilbert Nathan Chair and Dianne Nury Vice-Chair of the board of directors and announced that Alan R. Tank and Jeremy T. Bezdek were elected as directors at th ...
Chevron (CVX) Earnings Call Presentation
2025-06-24 11:47
Chevron 2025 Investor Presentation May 6, 2025 © 2025 Chevron Cautionary statement and additional information CAUTIONARY STATEMENTS RELEVANT TO FORWARD-LOOKING INFORMATION FOR THE PURPOSE OF "SAFE HARBOR" PROVISIONS OF THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995 AND OTHER IMPORTANT LEGAL DISCLAIMERS This presentation contains forward-looking images and statements relating to Chevron's operations, assets, and strategy that are based on management's current expectations, estimates, and projections ab ...
PBF Energy to Release Second Quarter 2025 Earnings Results
Prnewswire· 2025-06-18 21:00
Core Points - PBF Energy Inc. will release its earnings results for the second quarter of 2025 on July 31, 2025 [1] - A conference call and webcast will be held on the same day at 8:30 a.m. ET to discuss the results and other business matters [1][2] Company Overview - PBF Energy Inc. is one of the largest independent refiners in North America, operating oil refineries and related facilities in California, Delaware, Louisiana, New Jersey, and Ohio [3] - The company's mission includes operating facilities safely and responsibly, providing a rewarding workplace for employees, positively influencing local communities, and delivering superior returns to investors [3] - PBF Energy is a 50% partner in the St. Bernard Renewables joint venture, which focuses on producing next-generation sustainable fuels [4]
Blue Biofuels Strengthens Intellectual Property Portfolio with Issuance of New U.S. Patent
Globenewswire· 2025-06-18 19:12
PALM BEACH GARDENS, FL, June 18, 2025 (GLOBE NEWSWIRE) -- Blue Biofuels, Inc. (OTCQB: BIOF). Blue Biofuels is proud to announce the issuance of a new United States patent, further strengthening the company’s expanding intellectual property portfolio. This latest patent brings the company’s total number of granted patents to seven, with an additional 25 patent applications pending. Together, they form a robust IP foundation that underscores Blue Biofuels’ commitment to safeguarding its pioneering biofuel tec ...
Ecopetrol: A Good Company With Potential Catalysts
Seeking Alpha· 2025-06-18 04:40
Company Overview - Ecopetrol is a Colombian-integrated oil company involved in exploration, production, transportation, and refining of fossil fuels [1] - The company's primary operating basins are located in Colombia and Ecuador, with additional interests in Brazil and the United States [1] Investment Focus - The company is characterized by sustained free cash flows, low levels of leverage, and sustainable debt over time [1] - It targets companies in distress with high recovery potential, particularly in the oil & gas, metals, and mining sectors [1] - The focus is on emerging markets that exhibit high margins and present good medium to long-term investment opportunities [1] Shareholder Value - The company maintains a solid pro-shareholder attitude, with ongoing buyback programs and dividend distributions [1]