Gulf

HyVelocity Selected by U.S. Department of Energy to Develop Gulf Coast Hydrogen Hub

Retrieved on: 
Friday, October 13, 2023
AES, Joe Biden, Organization, Workforce, U.S. Department of Energy, Office of Inspector General, U.S. Department of Defense Strategy for Operating in Cyberspace, Quality of life, The Hub, Mobility, Gulf, Mitsubishi Power Systems Europe, Hub, Houston Advanced Research Center, Heart, Renewable energy, Transport, Economic development, University of Texas at Austin, Energy Institute, DOE, HARC, University, Air Liquide, Moses Austin, AES Corporation, ExxonMobil, Partnership, Senior, Doctor of Philosophy, Carbon, Primary energy, Ecosystem, Growth, Hydrogen infrastructure, Gulf Coast of the United States, Life, Oil, Natural gas, Hydrogen

Houston, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Today, the HyVelocity Hub team announced it has been selected by the U.S Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for the development of the HyVelocity Gulf Coast Hydrogen Hub, which is estimated to receive up to $1.2 billion in Bipartisan Infrastructure Law funding.

Key Points: 
  • Houston, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Today, the HyVelocity Hub team announced it has been selected by the U.S Department of Energy (DOE) Office of Clean Energy Demonstrations to begin award negotiations for the development of the HyVelocity Gulf Coast Hydrogen Hub, which is estimated to receive up to $1.2 billion in Bipartisan Infrastructure Law funding.
  • HyVelocity is an industry-led hydrogen hub that includes seven core industry partners – AES Corporation, Air Liquide, Chevron, ExxonMobil, Mitsubishi Power Americas, Ørsted, and Sempra Infrastructure.
  • With more than 1,000 miles of dedicated hydrogen pipelines, 48 hydrogen production plants and dozens of hydrogen end-use applications, the Gulf Coast is already the heart of hydrogen infrastructure and use in the United States.
  • HyVelocity will build on the region’s diverse array of energy resources, including hydrogen production facilities and pipelines, renewable energy, a large base of industrial energy consumers, and a skilled workforce.

TEMBO HONOURED WITH ELECTRICAL VEHICLE INNOVATION OF THE YEAR AWARD IN DUBAI, UNITED ARAB EMIRATES

Retrieved on: 
Friday, October 6, 2023
Gulf, COP28, Innovation, B Corporation (certification), Coin of the Year Award, GCC, United Arab Emirates, Food delivery

LONDON, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Tembo E-LV BV (“Tembo”), a subsidiary of the NASDAQ listed B Corp, VivoPower International PLC (“VivoPower”), is pleased to announce that it has been honoured with the prestigious Electric Vehicle Innovation of the Year Award at the Tech Innovation Awards 2023 event in Dubai.

Key Points: 
  • Tech Innovation Awards 2023 was hosted in Dubai, ahead of COP28 later this year
    LONDON, Oct. 06, 2023 (GLOBE NEWSWIRE) -- Tembo E-LV BV (“Tembo”), a subsidiary of the NASDAQ listed B Corp, VivoPower International PLC (“VivoPower”), is pleased to announce that it has been honoured with the prestigious Electric Vehicle Innovation of the Year Award at the Tech Innovation Awards 2023 event in Dubai.
  • Hosted by Entrepreneur Middle East , the Tech Innovation Awards recognises the best technological innovations in the Middle East and North Africa region.
  • The prestigious event sees industry leaders come together to celebrate the individuals and enterprises shaping the tech industry's future.
  • The recognition is testament to VivoPower and Tembo’s commitment to the United Arab Emirates and broader GCC (Gulf Co-Operation Council) and African regions as important markets for its sustainable energy solutions.

Gulf Coast Sequestration Appoints Industry Veteran David Cook as CEO; W. Gray Stream Named Executive Chairman

Retrieved on: 
Wednesday, October 11, 2023
Other Energy, Environment, Oil, Gas, Sustainability, Green Technology, Energy, Environmental Health, Multimedia, INEOS, Gulf, Michigan State University, Carbon, Environmental Protection Agency (Ghana), Chair, Doctor of Philosophy, Conservation, Nature, Vaalco Energy, GCS, Head, LDNR, Geology, Gulf Coast of the United States, Executive, United States Environmental Protection Agency, BP, Louisiana Department of Public Safety & Corrections, Management, Noreco

Gulf Coast Sequestration (GCS), a pioneering company building a secure, world-scale carbon sequestration hub on the Gulf Coast, today announced David “Dave” Cook as Chief Executive Officer, effective immediately.

Key Points: 
  • Gulf Coast Sequestration (GCS), a pioneering company building a secure, world-scale carbon sequestration hub on the Gulf Coast, today announced David “Dave” Cook as Chief Executive Officer, effective immediately.
  • W. Gray Stream, founder of GCS, will assume the role of Executive Chairman.
  • Completing the leadership team, Benjamin Heard will serve as Chief Strategy Officer, while Scott Stepp is Chief Financial Officer.
  • View the full release here: https://www.businesswire.com/news/home/20231011785806/en/
    “Dave brings extensive experience in our industry and an unmatched track record of performance delivery, organizational leadership, business transformation, and strategy execution,” said Stream.

ILA Union Leader Alan A. Robb Appointed Port Houston Commissioner

Retrieved on: 
Thursday, September 28, 2023
Maritime, Transport, Logistics, Supply Chain Management, Other Transport, Volunteering, ILA, International, Commission, Port, Woman, Multimedia, Municipal council, Gulf, Atlantic Coast, Assistant, Houston City Council, Lancaster Port Commission, City, Houston Ship Channel, AFL-CIO, Commerce, Harbor

On Tuesday, September 19, the City Council of Pasadena, Texas appointed Mr. Alan A. Robb as Port Commissioner of the Port of Houston Authority to serve on behalf of the city beginning October 1, 2023.

Key Points: 
  • On Tuesday, September 19, the City Council of Pasadena, Texas appointed Mr. Alan A. Robb as Port Commissioner of the Port of Houston Authority to serve on behalf of the city beginning October 1, 2023.
  • View the full release here: https://www.businesswire.com/news/home/20230928898811/en/
    Alan A. Robb has been appointed to serve on the Port Commission of the Port of Houston Authority, effective October 1.
  • (Photo: Business Wire)
    A respected labor union leader, Mr. Robb is a 47-year International Longshoremen’s Association (ILA) veteran.
  • “We sincerely appreciate the service of outgoing Port Commissioner Roy Mease, and we look forward to having Alan Robb join us as a new Port Commissioner,” said Chairman Ric Campo.

GAF and Acclaimed Actor Anthony Mackie Reach Goal of Repairing Roofs of 500 Homes in Gulf Region Previously Devastated by Natural Disasters

Retrieved on: 
Thursday, September 21, 2023
Universe, Saturn V, SBP, Plague, Human, Partnership, Captain America, United States Air Force, SBP (nonprofit organization), Sam Wilson (Marvel Cinematic Universe), Rebuilding Together, GAF, Record, Hurricane Ida, Mackie, Gulf, Persian Gulf, Moon, Wind, Standard Industries, NOAA, Saturn, Hurricane Katrina, Humanity, Weather, Tourism, Property insurance

PARSIPPANY, N.J., Sept. 21, 2023 /PRNewswire/ -- GAF, a Standard Industries company and North America's largest roofing and waterproofing manufacturer, announced today that it has reached the goal of repairing or replacing 500 roofs on the homes of families in need throughout the Gulf Region impacted by severe weather. The effort, announced last fall in partnership with actor Anthony Mackie, Marvel Cinematic Universe's next "Captain America," is part of GAF Community Matters, a social impact initiative focused on building more resilient communities across the country.  

Key Points: 
  • In 2022, it's estimated that more than 1 million Americans were forced from their homes for more than a month due to severe weather.
  • And, according to NOAA , 2023 is already setting records for the most billion-dollar disasters in the first seven months of any year since 1980.
  • GAF Community Matters first launched in 2020 and to date has helped repair roofs on over 3,500 homes.
  • "Completing 500 roofs in the Gulf Region is a milestone for GAF Community Matters.

Tint World® continues growth with new location in Pensacola

Retrieved on: 
Tuesday, September 12, 2023
Maintenance, Marketing, Gulf, National Automotive Innovation Centre, Safety, Tiger Point, Florida, Car dealership, Mobile phone

PENSACOLA, Fla., Sept. 12, 2023 /PRNewswire/ -- Tint World® Automotive Styling Centers™, a leading auto accessory and window tinting franchise, expands its service along the Gulf Coast with a new location in Pensacola, Florida.

Key Points: 
  • Tint World Pensacola, owned by John and Jennifer Mitchell, delivers premium automotive aftermarket services and accessories to drivers throughout the western Panhandle area.
  • In addition to the industry's leading window tint solutions, Tint World offers automotive paint protection film, wheels and tires, audio and video, safety and security technology, custom lighting, detailing and more.
  • "John and Jennifer are passionate about serving the Pensacola community, and they've proven their commitment to Tint World's world-class franchise system and processes," said Charles J. Bonfiglio, president and CEO of Tint World.
  • Tint World Pensacola, located at 6254 N. W St., Pensacola, Florida 32505, serves the Pensacola, Pace, Cantonment, Gulf Breeze, Avalon, Tiger Point, Bellview, Goulding and Lillian areas.

CoreLogic: Hurricane Idalia Threatens More than 800,000 Homes Along Florida Gulf with Forecasted Storm Surge Heights Up to Fifteen Feet

Retrieved on: 
Wednesday, August 30, 2023
Women, Software, Construction & Property, Men, Data Management, Technology, Consumer, Residential Building & Real Estate, Storm, Risk, Hurricane Ian, Multimedia, Gulf, Atlantic Coast, Science, CoreLogic, Publication, RCV, Chart, National Hurricane Center, DEM, Total, Property insurance

These figures assume Hurricane Idalia makes landfall as a Category 3 hurricane and are based on the August 29, 2023 National Hurricane Center 5 a.m. E.T.

Key Points: 
  • These figures assume Hurricane Idalia makes landfall as a Category 3 hurricane and are based on the August 29, 2023 National Hurricane Center 5 a.m. E.T.
  • “Even so, systems that make landfall along the Gulf Coast are likely to generate a more substantial storm surge than equivalent storms that hit the Atlantic Coast.
  • As Hurricane Idalia approaches Florida, its path will become more certain and the below metropolitan areas at risk will narrow.
  • For a complete view of total storm surge risk for all Atlantic and Gulf Coast states metropolitan areas, download the 2023 CoreLogic Hurricane Risk Report .

Vertex Energy Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Energy, Other Energy, Utilities, Pressure, Gasoline, RIN, Gulf, RD, EBITDA, Renewable Identification Number, Financial result, Jet, Adjustment, Total, Oil, Vertex

Vertex Energy, Inc. (NASDAQ: VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the second quarter ended June 30, 2023.

Key Points: 
  • Vertex Energy, Inc. (NASDAQ: VTNR) (“Vertex” or the “Company”), a leading specialty refiner and marketer of high-quality refined products, today announced its financial results for the second quarter ended June 30, 2023.
  • The Company will host a conference call to discuss second quarter 2023 results today at 8:30 A.M. Eastern Time, details are included at the end of this release.
  • Adjusted EBITDA (see “Non-GAAP Financial Measures”, below) was $(34.2) million for the second quarter 2023, compared to Adjusted EBITDA of $71.3 million in the prior-year period.
  • The benchmark Gulf Coast 2-1-1 crack spread decreased from $31.59 per barrel in the first quarter of 2023 to $23.60 in the second quarter, while pricing for refined products outside of the benchmark crack spread, such as Jet fuel, which experienced significant pressure during the second quarter of 2023.

POWELL INDUSTRIES ANNOUNCES FISCAL 2023 THIRD QUARTER RESULTS

Retrieved on: 
Tuesday, August 1, 2023
Powell, Risk, Gulf, History, Internet, Powell Industries, POWL, Investment, Growth, Security (finance), Commercial, Cryptocurrency, Video game, LNG

HOUSTON, Aug. 1, 2023 /PRNewswire/ -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the fiscal 2023 third quarter ended June 30, 2023.

Key Points: 
  • HOUSTON, Aug. 1, 2023 /PRNewswire/ -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom-engineered solutions for the management, control and distribution of electrical energy, today announced results for the fiscal 2023 third quarter ended June 30, 2023.
  • Revenues in the third fiscal quarter totaled $192.4 million, an increase of 42% compared to $135.5 million in the prior year and a sequential increase of 12% compared to $171.4 million in the second fiscal quarter.
  • New orders placed in the third quarter totaled $505 million, compared to $202 million in the prior year and $508 million in the second fiscal quarter.
  • The net income in the fiscal third quarter also increased compared to net income in the second fiscal quarter of $8.5 million, or $0.70 per diluted share.

Vertex Energy Provides Operational Update for Second Quarter 2023

Retrieved on: 
Tuesday, July 25, 2023
Utilities, Oil, Gas, Sustainability, Environment, Alternative Energy, Energy, Technology, Other Technology, Benchmark, Vertex, Commodity, Gulf, Erosion, VGO

Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update to its financial and operational outlook for the second quarter of 2023.

Key Points: 
  • Vertex Energy, Inc. (NASDAQ: VTNR) ("Vertex" or “the Company"), a leading specialty refiner and marketer of high-quality refined products, today provided an update to its financial and operational outlook for the second quarter of 2023.
  • Production of renewable diesel achieved the Phase I installed capacity target of 8,000 bpd during the second quarter, as anticipated.
  • The validation of maximum throughput capacity provides important data related to the Company's strategic approach for long-term optimization of the project.
  • Significant Downturn in Benchmark 2-1-1 Crack Spread – The Gulf Coast 2-1-1 crack spread for the second quarter 2023 averaged $23.61 per barrel, reflecting a 25.3% decline from the reported first quarter 2023 average of $31.59 per barrel.