World Fuel Services

Boeing Makes its Largest Purchase of Blended Sustainable Aviation Fuel

Retrieved on: 
Tuesday, April 16, 2024
Pacific Northwest, Safety, World Fuel Services, Policy, Climate, Signature Aviation, Research, Carbon, Growth, Culture, EcoDemonstrator, Oil, Airport, SAF, CO2, Aviation, Fats, Gasoline

The blended fuel – 30% SAF made from waste by-products such as fats, oils, and greases and 70% conventional jet fuel – will support the Boeing ecoDemonstrator program and Boeing U.S. commercial operational flights.

Key Points: 
  • The blended fuel – 30% SAF made from waste by-products such as fats, oils, and greases and 70% conventional jet fuel – will support the Boeing ecoDemonstrator program and Boeing U.S. commercial operational flights.
  • "Sustainable aviation fuel is essential to decarbonize aviation.
  • Boeing will receive 4 million gallons of the blended SAF into its fuel farms in the Pacific Northwest.
  • Boeing will also purchase the CO2 emissions reduction associated with 5.4 million gallons of blended SAF through an accounting process called book-and-claim.

World Kinect Corporation Highlights Growth Strategy and Financial Outlook During 2024 Investor Day

Retrieved on: 
Wednesday, March 13, 2024
Oil, Gas, Alternative Energy, Energy, Sustainability, Other Transport, Environment, Trucking, Rail, Maritime, Air, Transport, Logistics, Supply Chain Management, Other Energy, Public Transport, Utilities, WKC, Growth, World Fuel Services, Renewable energy

World Kinect Corporation (NYSE: WKC) (“World Kinect” or the “Company”) today hosted its 2024 Investor Day, during which the Company discussed its unique position in a large global market, its strategy to capture opportunities across its three business segments, and its financial targets to drive attractive long-term shareholder returns.

Key Points: 
  • World Kinect Corporation (NYSE: WKC) (“World Kinect” or the “Company”) today hosted its 2024 Investor Day, during which the Company discussed its unique position in a large global market, its strategy to capture opportunities across its three business segments, and its financial targets to drive attractive long-term shareholder returns.
  • Increased operating efficiencies and profitable growth are expected to contribute to annual adjusted EBITDA of $480 – 520 million by 2026.
  • “With a focus on generating improved shareholder returns, today we announced an updated financial outlook for increased operating efficiencies, profitability, and free cash flow,” stated Ira M. Birns, Executive Vice President and Chief Financial Officer.
  • This is a continuation of rebranding efforts begun in June 2023, when the Company changed its name from World Fuel Services Corporation to World Kinect Corporation and celebrated the occasion by ringing the NYSE closing bell .

Knightscope Welcomes New Board of Directors

Retrieved on: 
Tuesday, February 20, 2024
Security, Hardware, Robotics, Technology, Artificial Intelligence, Autonomous Solutions, Senior, Rice University, GF, Artificial intelligence, Mining, Utah State University, Culture, Growth, INS, IPO, Mobile robot, University, Machine learning, Space, GlobalFoundries, Federal Protective Service, Federation, MBA, Ford, Ernst & Young, Agriculture, Multimedia, Case, Billings, Montana, Airbnb, DHS, Traveler, Komatsu, ASI, World Fuel Services, AI, Immigration, General Electric, Build automation, Management

Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading innovator in robotics and artificial intelligence (“A.I.”) technologies focused on public safety, today announces the appointment of its new members of its Board of Directors.

Key Points: 
  • Knightscope, Inc. [Nasdaq: KSCP] (“Knightscope” or the “Company”), a leading innovator in robotics and artificial intelligence (“A.I.”) technologies focused on public safety, today announces the appointment of its new members of its Board of Directors.
  • View the full release here: https://www.businesswire.com/news/home/20240220718264/en/
    “Our departing directors have my deepest gratitude for their years of service on our Board.
  • In addition, the following new directors have been appointed, succeeding Patricia Howell, Linda Keene Solomon, and Patricia L. Watkins.
  • I’m now honored to join Knightscope’s Board of Directors and further my commitment to making America the safest country in the world,” said Mocny.

RTX's Pratt & Whitney Canada and Gulfstream successfully complete first 100% SAF transatlantic flight with G600 business jet powered by PW800 engines

Retrieved on: 
Monday, November 20, 2023
Pratt & Whitney, Gulfstream G400/G500/G600, Dicarboxylic acid, NYSE, Gulfstream Aerospace, Ester, CO2, SAF, PW800, Trust, Marketing, Pratt & Whitney Canada, PT6, Aircraft, Aviation, World Fuel Services, Family, G600, Jet fuel

LONGUEUIL, Quebec, Nov. 20, 2023 /PRNewswire/ -- Pratt & Whitney Canada and Gulfstream Aerospace Corp. today announced the successful completion of the first transatlantic flight using sustainable aviation fuel (SAF) with both PW815GA engines on a Gulfstream business jet. Pratt & Whitney is an RTX (NYSE: RTX) business.

Key Points: 
  • LONGUEUIL, Quebec, Nov. 20, 2023 /PRNewswire/ -- Pratt & Whitney Canada and Gulfstream Aerospace Corp. today announced the successful completion of the first transatlantic flight using sustainable aviation fuel (SAF) with both PW815GA engines on a Gulfstream business jet.
  • "For more than a decade, we have worked closely with Pratt & Whitney Canada to power a new generation of our business jets using the PW800 engine," said Mike Burns, president, Gulfstream.
  • "The G600 entered service in 2019 powered by twin PW815GA engines and the aircraft has consistently delivered on our promises to our customers.
  • Pratt & Whitney Canada engines have achieved more than one billion hours of flight across the entire fleet since the introduction of the PT6 turboprop engine in 1963.

Gulfstream Completes World's First Trans-Atlantic Flight on 100% Sustainable Aviation Fuel

Retrieved on: 
Monday, November 20, 2023
Gulfstream G400/G500/G600, Carbon, Gulfstream G650/G700/G800, Dicarboxylic acid, Gulfstream Aerospace, Climate, Safran, Ester, CO2, Multimedia, Honeywell, Burns, SAF, Farnborough Airport, Pratt & Whitney Canada, Partnership, Aircraft, Aviation, General Dynamics, Customer support, World Fuel Services, Gulfstream IV, Gulfstream G280, Acosta Sales & Marketing, Airline, Jet fuel

SAVANNAH, Ga., Nov. 20, 2023 /PRNewswire/ -- Gulfstream Aerospace Corp. today announced the successful completion of the world's first trans-Atlantic flight using 100% sustainable aviation fuel (SAF). Accomplished on November 19, the flight took place on a Gulfstream G600 aircraft, which departed the company's headquarters in Savannah and landed 6 hours, 56 minutes later at Farnborough Airport in England. 

Key Points: 
  • SAVANNAH, Ga., Nov. 20, 2023 /PRNewswire/ -- Gulfstream Aerospace Corp. today announced the successful completion of the world's first trans-Atlantic flight using 100% sustainable aviation fuel (SAF).
  • "Gulfstream is innovating for a sustainable future," said Mark Burns, president, Gulfstream.
  • Inspired by the belief that aviation could fuel business growth, Gulfstream Aerospace Corp. invented the first purpose-built business aircraft, the Gulfstream I, which first flew in 1958.
  • With a fleet that includes the super-midsize Gulfstream G280, the high-performing Gulfstream G650 and Gulfstream G650ER, and a next-generation family of aircraft including the all-new Gulfstream G400, the award-winning Gulfstream G500 and Gulfstream G600, the flagship Gulfstream G700 and the ultralong-range Gulfstream G800, Gulfstream offers an aircraft for every mission.

Ricardo Losada Revol Joins Choice Hotels as Senior Vice President and General Manager, International

Retrieved on: 
Monday, November 13, 2023
NYSE, Senior, Ryder, International, Choice Hotels, Marketing, CHH, Business administration, Boy Scouts of America, University, Tesco international operations, Hawaii Pacific University, Growth, World Fuel Services, Corporate finance, Transport, Restaurant, Amazon, Choice, Science

ROCKVILLE, Md., Nov. 13, 2023 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, has named Ricardo Losada Revol as Senior Vice President and General Manager, International. A veteran finance and international business development executive, Mr. Losada Revol joins Choice as the company continues to expand its global footprint.

Key Points: 
  • ROCKVILLE, Md., Nov. 13, 2023 /PRNewswire/ -- Choice Hotels International, Inc. (NYSE: CHH), one of the world's largest lodging franchisors, has named Ricardo Losada Revol as Senior Vice President and General Manager, International.
  • A veteran finance and international business development executive, Mr. Losada Revol joins Choice as the company continues to expand its global footprint.
  • Mr. Losada Revol joins Choice from Amazon, where he was Director of Corporate Development Finance, covering the company's global operations and international consumer verticals.
  • "Choice has a well-earned reputation for offering every kind of guest the right stay at the right price — across the U.S. and in an increasing number of international locations," said Mr. Losada Revol.

Stem Announces Appointment of New Independent Director

Retrieved on: 
Tuesday, October 31, 2023
Software, EV, Electric Vehicles, Other Energy, Utilities, Data Management, Alternative Energy, Alternative Vehicles, Fuels, Energy, Technology, Automotive, Artificial Intelligence, Other Technology, Intelligence, Electronics, Certified Public Accountant, NYSE, Arrow Electronics, Business administration, Executive, Hofstra University, World Fuel Services, AI, Certified Treasury Professional, Audit, Audit committee, Management

Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the appointment of Ira M. Birns to the Company’s Board of Directors (the “Board”), effective November 6, 2023.

Key Points: 
  • Stem, Inc. (NYSE: STEM), a global leader in artificial intelligence (AI)-driven clean energy software and services, today announced the appointment of Ira M. Birns to the Company’s Board of Directors (the “Board”), effective November 6, 2023.
  • In connection with his appointment to the Board, Mr. Birns will also Chair the Audit Committee of the Board.
  • For nearly two decades prior to that, Mr. Birns held various leadership positions, including Vice President and Treasurer, at Arrow Electronics, Inc., a Fortune 250 global provider of technology products, services and solutions.
  • David Buzby, Chairman of the Board of Stem, said: “On behalf of the Board, I am excited to welcome Ira to Stem.

The Education Fund sends top business and hospitality leaders back to school in the Teach-A-Thon

Retrieved on: 
Friday, September 22, 2023
Linda, Public school, Learning, Social, TD, World Fuel Services, Teaching, Toronto-Dominion Bank, Higher Education Funding Council for Wales, Science, School district, Student, Biscayne Bay, Engineering, STEM, Shoe, Wells Fargo, Assurant, Tutoring

"The Education Fund Teach-A-Thon is not Career Day. The business professionals are teaching actual lessons -- in financial literacy, science, technology, engineering, math, English, and social sciences," says Linda Lecht, president of The Education Fund.

Key Points: 
  • The Education Fund and Wells Fargo unite to ensure success for thousands of public school students in Miami-Dade.
  • The Education Fund Teach-A-Thon fosters awareness about the role of educators and, in the process, begins prepping tomorrow's workforce today.
  • This year, The Education Fund aims to enlist more than 150 business professionals as Public School Champions to share their expertise with public school students in Miami-Dade County and teach financial literacy, STEM, and other critical lessons.
  • Since then, the program has raised more than $500,000 from 2,728 Public School Champions for public school classrooms across Miami-Dade.

LNG Bunkering Market Analysis: Forecast Growth Rate, Competitive Landscape And Top Segments - By The Business Research Company

Retrieved on: 
Monday, July 10, 2023
Shell, Shell plc, OSV, CMA CGM, CMA, World Fuel Services, Gaz-System, Nippon Yusen, KEYS, Crowley Maritime, Ship, Korea Gas Corporation, Natural gas, NYK, TotalEnergies, Fuel oil, LNG

LONDON, July 10, 2023 /PRNewswire/ -- As per The Business Research Company's LNG Bunkering Global Market Report 2023, the LNG bunkering market size is expected to grow from $0.7 billion in 2022 to $1 billion in 2023 at a compound annual growth rate (CAGR) of more than 50%. The LNG bunkering market size is then expected to grow to $5.1 billion in 2027 at a CAGR of more than 48%. The market is expected to grow due to drivers such as increase in number of vessels and ships, demand for LNG fuel, and marine decarbonization needs.

Key Points: 
  • The LNG bunkering market size is then expected to grow to $5.1 billion in 2027 at a CAGR of more than 48%.
  • The global LNG bunkering market is concentrated, with a few large players in the market.
  • The development of environmentally friendly LNG bunkering vessels is becoming a key trend in the LNG bunkering market.
  • Major companies in the LNG bunkering market are focusing on strategic partnerships to strengthen their capabilities in the market.

LNG Bunkering Market Analysis: Forecast Growth Rate, Competitive Landscape And Top Segments - By The Business Research Company

Retrieved on: 
Monday, July 10, 2023
Shell, Shell plc, OSV, CMA CGM, CMA, World Fuel Services, Gaz-System, Nippon Yusen, KEYS, Crowley Maritime, Ship, Korea Gas Corporation, Natural gas, NYK, TotalEnergies, Fuel oil, LNG

LONDON, July 10, 2023 /PRNewswire/ -- As per The Business Research Company's LNG Bunkering Global Market Report 2023, the LNG bunkering market size is expected to grow from $0.7 billion in 2022 to $1 billion in 2023 at a compound annual growth rate (CAGR) of more than 50%. The LNG bunkering market size is then expected to grow to $5.1 billion in 2027 at a CAGR of more than 48%. The market is expected to grow due to drivers such as increase in number of vessels and ships, demand for LNG fuel, and marine decarbonization needs.

Key Points: 
  • The LNG bunkering market size is then expected to grow to $5.1 billion in 2027 at a CAGR of more than 48%.
  • The global LNG bunkering market is concentrated, with a few large players in the market.
  • The development of environmentally friendly LNG bunkering vessels is becoming a key trend in the LNG bunkering market.
  • Major companies in the LNG bunkering market are focusing on strategic partnerships to strengthen their capabilities in the market.