FID

High Arctic Announces 2023 Fourth Quarter and Year End Financial and Operating Results and Provides Update on Plan to Reorganize

Retrieved on: 
Monday, April 8, 2024
Element, Create, Government, High, Growth, YTD, HWO, FID, Corporation, Policy, LLP, Acquisition, DLA Piper, Shareholder, Bank statement, Adjustment, TSX, Renting, Safety, NOT, TotalEnergies, Distribution

CALGARY, Alberta, April 08, 2024 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ fourth quarter and year-end results today. The audited consolidated financial statements, management discussion & analysis (“MD&A”), and annual information form for the year ended December 31, 2023 will be available on SEDAR at www.sedar.com, and on High Arctic’s website at www.haes.ca. All amounts are denominated in Canadian dollars (“CAD”), unless otherwise indicated.

Key Points: 
  • ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAW
    CALGARY, Alberta, April 08, 2024 (GLOBE NEWSWIRE) -- High Arctic Energy Services Inc. (TSX: HWO) (the “Corporation” or “High Arctic”) released its’ fourth quarter and year-end results today.
  • The Corporation is working with DLA Piper (Canada) LLP as legal advisor and Lightyear Capital Inc. as financial advisor on the revised reorganization plan.
  • High Arctic paid out dividends of $2.2 million in 2023 and repurchased 18,296 shares for cancellation.
  • Monthly dividends were suspended on October 23, 2023 to preserve cash to maximize the opportunity to tax-efficiently return capital.

Avina Unveils Plans for Cutting-Edge Sustainable Aviation Fuel Plant in the Midwest, Forges Alliance for Low-Carbon Ethanol Supply

Retrieved on: 
Wednesday, April 3, 2024
Hydrogen, FEED, Ethanol, Aviation biofuel, FID, Aviation, ASTM, Carbon, CO2, Airport, SAF, Gasoline

The SAF produced will have significantly reduced life cycle carbon emissions compared to conventional jet fuel.

Key Points: 
  • The SAF produced will have significantly reduced life cycle carbon emissions compared to conventional jet fuel.
  • Preliminary Front End Engineering Design (Pre-FEED) for the project is complete and FEED is expected to kick off in Q2 2024.
  • Avina is proactively collaborating with airline customers and other stakeholders to play a key role in meeting this target.
  • Sustainable Aviation Fuels are critical to decarbonizing the aviation sector and the Ethanol-to-Jet production pathway is the most immediate, cost-effective, and scalable option for aviation decarbonization.

Pembina Pipeline Corporation Announces Significant Milestones Achieved on Cedar LNG

Retrieved on: 
Thursday, April 4, 2024
Energy, Transport, Logistics, Supply Chain Management, Oil, Gas, Pembina Pipeline, PBA, CIBC, PPL, Haisla, Black & Veatch, Montney, British Columbia, MUFG Bank, Environment, Natural gas, Growth, Coastal GasLink Pipeline, Project, Notice, Partnership, Risk, FID, Knowledge, Environmental impact assessment, ARC Resources, Black, LLP, Carbon, King & Spalding, TSX, Engineering, Climate change, Hydrocarbon, Samsung Heavy Industries, CGL, ARC, WCSB, Haisla Nation, Capital, NGL, Multimedia, BC Hydro, Marketing, Government, NTP, Panama Canal, Economics, EPC

In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.

Key Points: 
  • In addition, Pembina has executed an identical bridging agreement with Cedar LNG for 1.5 mpta.
  • Cedar LNG has secured a 20-year take-or-pay, fixed toll contract with ARC Resources for 1.5 million mtpa of LNG.
  • "We are proud to partner with Cedar LNG, the Haisla Nation and Pembina Pipeline who share our commitment to responsible energy development."
  • Once operational, Cedar LNG is expected to generate annual run-rate adjusted EBITDA of US$200 million to US$260 million, net to Pembina.

UK Government Selects X-energy and Cavendish Nuclear for First Advanced Modular Reactor Award from Future Nuclear Enabling Fund

Retrieved on: 
Thursday, April 4, 2024
Environment, Commercial Building & Real Estate, Construction & Property, Other Energy, Utilities, Sustainability, Alternative Energy, Energy, Nuclear, Other Construction & Property, Electricity, Constructability, Temperature, Dow, Government, Babcock International, Kier Group, Partnership, FID, Howden, Steam, AMR, Hydrogen, Modularity, Kier, Renewable energy

X-Energy UK Holdings, Ltd (“X-energy”), a wholly-owned subsidiary of X-Energy Reactor Company, LLC, and Cavendish Nuclear, a wholly-owned subsidiary of Babcock International, today welcomed a funding award from the UK Government’s Future Nuclear Enabling Fund (“FNEF”) to further the development of their plans for Advanced Modular Reactors (AMRs) in the UK.

Key Points: 
  • X-Energy UK Holdings, Ltd (“X-energy”), a wholly-owned subsidiary of X-Energy Reactor Company, LLC, and Cavendish Nuclear, a wholly-owned subsidiary of Babcock International, today welcomed a funding award from the UK Government’s Future Nuclear Enabling Fund (“FNEF”) to further the development of their plans for Advanced Modular Reactors (AMRs) in the UK.
  • X-energy and Cavendish Nuclear also announced a partnership with Kier Group (“Kier”), a leading UK provider of construction and infrastructure services, to support constructability and supply chain analyses.
  • Kier joins steel producer and engineer Sheffield Forgemasters and the Nuclear Advanced Manufacturing Research Centre (NAMRC) to support X-energy and Cavendish Nuclear in completing the scope outlined in their FNEF proposal.
  • Last year X-energy and Cavendish Nuclear signed a memorandum of understanding with Howden, the Glasgow-based gas circulator manufacturer.

NMG Provides Commercial and Operational Update upon Filing 2023 Financial Reports: Significant Progress over the Year in Advancing North America’s Mine-to-Battery-Material Graphite Production

Retrieved on: 
Thursday, March 28, 2024
Natural Resources, Batteries, Alternative Energy, EV, Electric Vehicles, Energy, Automotive, Technology, Mining, Minerals, Carbon, Quality control, Anchor, Innu, Investment, TYO, Inflation, General Motors, EVS, Minority, FID, Education, Benchmark Mineral Intelligence, United States Geological Survey, Graphite, CO2, Verified Carbon Standard, Safety, Workforce, Climate change, Acceleration, VCS, GHG, ESG, Regulation, Acquisition, Student, Annual report, Kilowatt-hour, NOU, NMG, Engineering, Health, Intel, Government, Abitibi, GM, Pressure, Growth, Unitary state, Environment, Bloomberg, Mineral, Multimedia

Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.

Key Points: 
  • Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.
  • NMG also signed a supply agreement with GM for 18,000 tpa of active anode material for an initial term of six years.
  • The Company maintains intensive commercial discussions and continued product qualification with other tier-1 battery manufacturers for the balance of its Phase-2 production.
  • Such measures reaffirm the importance of establishing a local, resilient, and ESG-compliant supply chain of graphite to support battery and EV production.

Verde Clean Fuels, Inc. Reports 2023 Results

Retrieved on: 
Thursday, March 28, 2024
Alternative Energy, Energy, Oil, Gas, Permian, STG, Natural gas, Joint, Diamondback Energy, Gasoline, D3, FID, Research, Carbon, Fuel pump, JDA, GAAP, LCFS, Engineering, FANG

Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production plants to convert syngas derived from diverse feedstocks into gasoline, today reported full year 2023 GAAP diluted net loss per share of $(0.45).

Key Points: 
  • Verde Clean Fuels, Inc. (“Verde” or the “Company”) (Nasdaq: VGAS), a renewable energy company focused on the development of commercial production plants to convert syngas derived from diverse feedstocks into gasoline, today reported full year 2023 GAAP diluted net loss per share of $(0.45).
  • Verde is continuing the selection process for FEED/EPC services for the Cottonmouth Ventures Permian Basin project.
  • Verde is proceeding with selection of a front end engineering and design (“FEED”) partner and an engineering, procurement, and construction (“EPC”) partner.
  • With the execution of the Cottonmouth Ventures JDA, Verde expects to finalize its partner selections soon.

NextDecade Provides Fourth Quarter 2023 Business Update

Retrieved on: 
Monday, March 11, 2024
Oil, Gas, Chemicals, Plastics, Commercial Building & Real Estate, Construction & Property, Energy, Green Technology, Manufacturing, Sustainability, Finance, Professional Services, Environment, Mining, Minerals, Natural Resources, Other Energy, Other Construction & Property, FEED, MTPA, Growth, FID, Movement, Investment, Federal Energy Regulatory Commission, Train, Safety, FERC, Primary energy, TotalEnergies, DOE, Engineering, EPC, Development

NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.

Key Points: 
  • NextDecade Corporation (NextDecade or the Company) (NASDAQ: NEXT) today provided an update on developmental and strategic activities for the fourth quarter 2023 and early 2024.
  • "We are committed to maximizing long-term value for NextDecade's shareholders by executing our business strategy efficiently and effectively," said Matt Schatzman, NextDecade's Chairman and Chief Executive Officer.
  • With regulatory approvals in place, our Train 4 and 5 expansion capacity is well-positioned to meet growing global demand for LNG.
  • NextDecade has posted an updated investor presentation to its website concurrently with this release.

SIGMA LITHIUM ANNOUNCES FINAL INVESTMENT DECISION AND INITIATION OF CONSTRUCTION TO DOUBLE PRODUCTION CAPACITY TO 520,000t/y

Retrieved on: 
Monday, April 1, 2024
Lithium, Letter, Growth, FCF, Sigma, Project, EVS, FID, Public expenditure, Carbon, ICE, Factory, Engineering, Parity, BNDES, Technical report, USD, Hand, Iron

SÃO PAULO , April 1, 2024 /PRNewswire/ -- SIGMA Lithium Corporation ("Sigma Lithium" or the "Company") (NASDAQ: SGML, TSXV: SGML, BVMF: S2GM34), a leading global lithium producer dedicated to powering the next generation of electric vehicles with carbon neutral, responsibly sourced lithium concentrate, today announced the Company's Board of Directors has made a Final Investment Decision ("FID") to double production of its unique Quintuple Zero Green Lithium from current 270,000t/y to 520,000t/y. The Board of Directors approved the initiation of construction of a second line of its Greentech Industrial Plant ("Phase 2 Industrial Greentech Plant") with Capex of $100mm (FEL3).

Key Points: 
  • Sigma Lithium announces that it concluded the Final Investment Decision to double production of its unique Quintuple Zero Green Lithium from current 270,000t/y to 520,000t/y.
  • Sigma Lithium was transformed from a construction site into the world's 6th largest global integrated producer of lithium concentrate.
  • Sigma Lithium became the world's 4th largest lithium industrial complex after approximately 60,000m 2023 campaign.
  • Sigma Lithium is also releasing its unaudited financial information for the fourth quarter and full year ended December 31, 2023.

Landmark study on offloading onboard captured carbon dioxide identifies low port readiness as key barrier to large-scale commercialisation

Retrieved on: 
Tuesday, March 19, 2024
Carbon, GCMD, Safety, ARUP, FID, Investment, CO2, Lloyd's Register

Whilst the technologies required for offloading onboard captured CO2 exist at high levels of maturity, safe operationalisation of captured CO2 transfer by trained personnel has not been demonstrated.

Key Points: 
  • Whilst the technologies required for offloading onboard captured CO2 exist at high levels of maturity, safe operationalisation of captured CO2 transfer by trained personnel has not been demonstrated.
  • The report, titled "Concept study to offload onboard captured CO₂," found that while a limited number of ports possess the infrastructure to offload liquefied CO2 (LCO2), they are primarily designed to handle food-grade CO2.
  • The higher purity standards that accompany this use limits the interoperability of facilities to handle onboard captured CO2.
  • Furthermore, introducing LCO2 offloading into already complex port operations will likely impact port efficiency and operational performance.

New Energy Blue forms New Energy Chemicals to sustainably produce bio-sourced ethylene for carbon-zero jet fuel and Dow's renewable plastics

Retrieved on: 
Monday, March 18, 2024
Ethanol, USDA, Certification, Grain, Gasoline, GHG, FID, Arundo donax, Carbon, Life, Lignin, ISCC, CO2, Plastic, Biomass, Airport, HD, Midwestern United States, SAF, Renewable energy

"New Energy Chemicals opens multiple pathways to our exponential growth in biobased fuels and chemicals," says Albury Fleitas, President of New Energy Blue.

Key Points: 
  • "New Energy Chemicals opens multiple pathways to our exponential growth in biobased fuels and chemicals," says Albury Fleitas, President of New Energy Blue.
  • New Energy Chemicals gives us 360-degree downstream options for achieving liftoff of an American bioenergy revolution.
  • New Energy Chemicals is expected to pre-qualify for maximum decarbonizing credits, giving it an advantage in a competitive capital marketplace.
  • "It starts with a biomass refinery in Mason City, Iowa and New Energy Chemicals conversion operations in Port Lavaca, Texas.