RIN

Montauk Renewables Announces Full Year 2023 Results

Retrieved on: 
Thursday, March 14, 2024
Kilowatt-hour, Natural gas, Squat toilet, Certificate, D3, Webcast, Sale, Public expenditure, Table, Apex, RIN, Adjustment, GAAP, Security, British thermal unit, Electricity, Primary energy, RNG, Digestion, Bookkeeping

PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the year ended December 31, 2023.

Key Points: 
  • PITTSBURGH, March 14, 2024 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the year ended December 31, 2023.
  • However, lower prices of both the average realized price of RINs sold and natural gas resulted in lower revenues in 2023.
  • These 2023 price driven reductions to revenues of approximately $30.7 million were offset through our tiered royalty structure reducing royalty expense in 2023 by approximately $9.3 million, which led to our $20.9 million reduction in 2023 operating income.
  • Our average pricing realized on RIN sales during 2023 of $2.71 exceeded the average D3 RIN index price of $2.63 during 2023.

MIRDC Showcases Exceptional Innovations at 2024 RIN Summit with Taiwan RTOs

Retrieved on: 
Wednesday, April 3, 2024
Economy, Organization, Database, Grand, NRC, Fraunhofer, Industrial technology, Grand Hyatt Taipei, Welding, 3D, MOEA, Metal Industries, Limited, RIN, Methane, Ecosystem, National Research Council Canada, Summit, Fermentation, Siderian, Ministry, Fatigue, Multimedia, CSBC Corporation, Taiwan, Biomass, Sewage

KAOHSIUNG, April 3, 2024 /PRNewswire/ -- RTOs International Network (RIN), an entity within the European Association of Research and Technology Organizations (EARTO), Europe's premier network of R&D institutions, convened its inaugural meeting in Taiwan this year.

Key Points: 
  • KAOHSIUNG, April 3, 2024 /PRNewswire/ -- RTOs International Network (RIN), an entity within the European Association of Research and Technology Organizations (EARTO), Europe's premier network of R&D institutions, convened its inaugural meeting in Taiwan this year.
  • Chiou Chyou-Huey, Director General of the Department of Industrial Technology at the Ministry of Economic Affairs (MOEA), together with the chief executives of RIN member organizations and delegates from various R&D institutions, assembled at the Grand Hyatt Taipei on March 27th for the 2024 RIN Summit with Taiwan RTOs.
  • MIRDC exhibited its leading-edge technology and expertise in industrialization, with focus on overcoming challenges faced by local industries and facilitating their access to global markets.
  • Yung-Hsiang Lai, President of MIRDC, stated that the two milestones are a testament to the organization's commitment to fostering industrial innovation and pursuing international collaboration.

Montauk Renewables Announces Third Quarter 2023 Results

Retrieved on: 
Thursday, November 9, 2023
Webcast, EBITDA, Acquisition, Kagamine Rin/Len, Duke, Anomaly, British thermal unit, Public expenditure, Weather, RIN, GAAP, Natural gas, Adjustment, RNG, Table, Kilowatt-hour, Electricity, Primary energy, Rare-earth element, Video game, Bookkeeping, Magnolia

PITTSBURGH, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the third quarter ended September 30, 2023.

Key Points: 
  • PITTSBURGH, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Montauk Renewables, Inc. (“Montauk” or “the Company”) (NASDAQ: MNTK), a renewable energy company specializing in the management, recovery, and conversion of biogas into renewable natural gas (“RNG”), today announced financial results for the third quarter ended September 30, 2023.
  • Total revenues in the third quarter of 2023 were $55.7 million, a decrease of $0.2 million (0.4%) compared to $55.9 million in the third quarter of 2022.
  • Additionally, realized RIN prices decreased 12.6% to $3.05 in the third quarter of 2023 compared to $3.49 in the third quarter of 2022.
  • Our Bowerman facility produced approximately 3 thousand MWh less in the third quarter of 2023 compared to the third quarter of 2022 due to higher ambient temperatures in the third quarter of 2023.

Accipiter Radar Technologies Inc. and Moog Inc. team to deliver superior integrated airport safety & security surveillance solutions.

Retrieved on: 
Tuesday, November 7, 2023
Accipiter, NYSE, Bird, FOD, RIN, Moog Inc., Sales & Marketing Executives International, Moog, National Plan of Integrated Airport Systems, Instrumentation

NIAGARA, ON, Nov. 7, 2023 /PRNewswire-PRWeb/ -- Accipiter Radar Technologies Inc. announced today the formalization of its relationship with Moog Inc. (NYSE: MOG.A and MOG.B), expanding collaborative access to a wide range of sensors and capabilities through the Accipiter® Radar Intelligence Network (RIN) platform into Moog's Digital Airfield Solutions portfolio.

Key Points: 
  • The combination of Moog's Tarsier® FOD system along with Accipiter's Integrated Airport platform technology and Surveillance-to-Intelligence™ (S2I) tools, provide enhanced decision support for airport customers globally.
  • Guy Berry, Moog Digital Airfield Solutions Business Unit Director said, "We are excited for the opportunity to work with Accipiter Radar within this new agreement.
  • Simon Jerome, Vice President for Sales & Marketing at Accipiter Radar, said "We are delighted to have signed this collaboration agreement with Moog.
  • Accipiter's Integrated Airport is built upon our core RIN Platform Technology and is designed to bring a multi-sensor, multi-mission, multi-user approach to airport operators.

CVR Energy Reports Third Quarter 2023 Results, Announces a Cash Dividend of 50 Cents and a Special Dividend of $1.50

Retrieved on: 
Monday, October 30, 2023
Adjustment, Partner, Ammonia, Sale, Lamp, Fertilizer, NYSE, UAN, RIN, Public expenditure, Ethanol, EBITDA, Rin Tin Tin, Wynnewood, Conference, CVR Partners, Rest, Nitrogen, Webcast, Gallagher Amendment, RFS, Credit, Credit agreements in South Africa, ABL, CVR, CVI, Video game, Holding company, Oil, Oil shale

Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million.

Key Points: 
  • Third quarter 2023 EBITDA was $530 million, compared to third quarter 2022 EBITDA of $181 million.
  • “CVR Energy achieved solid results for the 2023 third quarter driven by continued strong crack spreads,” said Dave Lamp, CVR Energy’s Chief Executive Officer.
  • “In addition to our third quarter 2023 cash dividend of 50 cents, our Board of Directors was pleased to approve a special dividend of $1.50 per share, bringing our year-to-date declared dividends to $4.00 per share.
  • CVR Energy announced a third quarter 2023 cash dividend of 50 cents per share.

National Federation of the Blind Issues Public Comments on NPRM Proposing ADA Title II Regulations

Retrieved on: 
Wednesday, September 27, 2023
Disability discrimination act, Language, Federal Department of Justice and Police, United States Department of Justice, RIN, National Federation of the Blind v. Target Corp., Federation, Justice, ADA, Notice of proposed rulemaking, Legislation

BALTIMORE, Sept. 27, 2023 /PRNewswire/ -- The National Federation of the Blind, the transformative membership and advocacy organization of blind Americans, has published its official comments on the Notice of Proposed Rulemaking (RIN 1190-AA79) that was issued last month by the United States Department of Justice under Title II of the Americans with Disabilities Act (ADA). The Federation's comments state that specific provisions of the proposed rule granting broad exceptions to the general requirement to comply "give us serious cause for concern" and urge that the exceptions be eliminated.

Key Points: 
  • The Federation's comments state that specific provisions of the proposed rule granting broad exceptions to the general requirement to comply "give us serious cause for concern" and urge that the exceptions be eliminated.
  • Mark Riccobono, President of the National Federation of the Blind, said: "While we appreciate the long-overdue proposal of Title II regulations and agree with the broader aspects of the proposed rule, we are deeply concerned by the seven proposed exceptions to compliance.
  • The ADA, which is compromise legislation passed with bipartisan support, already allows state and local governments to assert robust defenses to allegations of noncompliance.
  • These exceptions undermine both the proposed regulations and the ADA itself.

ITRI Holds Envisioning a Better Future International Forum Featuring Global Industry Giants

Retrieved on: 
Tuesday, September 12, 2023
Communication, Corning Inc., ITRI, International, Multilateralism, ECS, Merck Group, IMD, RIN, Australian Nuclear Science and Technology Organisation, Carbon, AVL, Science, Oxford Instruments, Entrepreneurship, Plasma, Water, Applied Materials, Corning, Merck, European Association for Evolutionary Political Economy, AI, Mitsubishi Electric, Glass, Renewable energy

TAIPEI, Sept. 12, 2023 /PRNewswire/ -- As a part of its 50th anniversary celebration, ITRI hosted the International Forum Envisioning a Better Future on September 12 to explore Taiwan's forthcoming industry opportunities toward 2035.

Key Points: 
  • TAIPEI, Sept. 12, 2023 /PRNewswire/ -- As a part of its 50th anniversary celebration, ITRI hosted the International Forum Envisioning a Better Future on September 12 to explore Taiwan's forthcoming industry opportunities toward 2035.
  • The event featured participation from industry giants such as Applied Materials, Corning Incorporated, Merck, Oxford Instruments, Mitsubishi Electric, and AVL List GmbH.
  • Premier Chen Chien-jen attended the opening ceremony and acknowledged ITRI's pivotal role in empowering Taiwan's global competitiveness.
  • With representatives from the US, UK, Japan, and Europe, alongside ITRI's international partners at the forum, Lee trusted that strengthening Taiwan's global ties could ensure a reliable global supply chain.

Aemetis Biogas Builds Revenues With First Commercial Sale of D3 RINs Generated by Dairy Renewable Natural Gas Project

Retrieved on: 
Friday, August 25, 2023
Carbon, Pacific Gas and Electric Company, Rin Tin Tin, RIN, RNG, LCFS, PG, Sale, RFS, EPA, Qualification, Natural gas, D3, Transport, PG&E, Renewable Fuel Standard (United States), End, Renewable energy, Dairy

CUPERTINO, CA, Aug. 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the sale of 88,883 D3 Renewable Identification Number credits (RINs), the company’s first commercial D3 RIN transaction under the federal Renewable Fuel Standard (RFS) generated by the Aemetis Biogas Central Dairy Digester Project in California.  The D3 RINs were generated by the sale of dairy renewable natural gas (RNG) delivered to customers in June 2023 and begins ongoing monthly revenues from the sale of D3 RINs.

Key Points: 
  • Sale of D3 RINs from RNG Delivered in June 2023 Commences Ongoing Monthly Generation of RFS Revenues; LCFS Credits to be Generated at End of Q3 2023
    CUPERTINO, CA, Aug. 25, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire – Aemetis, Inc. (NASDAQ: AMTX), a renewable natural gas and renewable fuels company focused on negative carbon intensity products, announced today the sale of 88,883 D3 Renewable Identification Number credits (RINs), the company’s first commercial D3 RIN transaction under the federal Renewable Fuel Standard (RFS) generated by the Aemetis Biogas Central Dairy Digester Project in California.
  • The D3 RINs were generated by the sale of dairy renewable natural gas (RNG) delivered to customers in June 2023 and begins ongoing monthly revenues from the sale of D3 RINs.
  • The federal D3 RINs that were sold completed an independent review to enable the sale to be entirely comprised of Qualified RINs (QRINs) that have been verified to conform with regulations and identify sourcing.
  • The RNG is then injected into the Pacific Gas and Electric (PG&E) gas pipeline for delivery to transportation fuel customers throughout California.

Montauk Renewables Announces Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Maintenance, Failure, Table, Coast, Electricity, Rin Tin Tin, British thermal unit, RIN, RNG, GAAP, Frank R. Bowerman Landfill, Primary energy, Frank, United States Environmental Protection Agency, Kilowatt-hour, Apex, EBITDA, Erin, Natural gas, D3, Webcast, Renewable Fuel Standard (United States), Adjustment, Atascocita, Texas, REG, Rare-earth element, Video game, Bookkeeping, Rumpke Sanitary Landfill

Gas commodity indices decreased 70.7% during the second quarter of 2023 compared to the second quarter of 2022.

Key Points: 
  • Gas commodity indices decreased 70.7% during the second quarter of 2023 compared to the second quarter of 2022.
  • Our Rumpke facility produced less than 0.1 million fewer MMBtu in the second quarter of 2023 compared to the second quarter of 2022 as a result of process equipment failure in the second quarter of 2023 which temporarily impacted production.
  • Our Pico facility produced less than 0.1 million fewer MMBtu in the second quarter of 2023 compared to the second quarter of 2022 as a result of feedstock processing challenges in the second quarter of 2023.
  • Our Security facility produced approximately 1 thousand MWh more in the second quarter of 2023 compared to the second quarter of 2022 due to engine maintenance completed in the second quarter of 2022.

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.