Ammonia

CVR Partners and CapturePoint Close Section 45Q Tax Credit Transaction

Retrieved on: 
Wednesday, January 11, 2023

SUGAR LAND, Texas, and ALLEN, Texas, Jan. 11, 2023 (GLOBE NEWSWIRE) -- CVR Partners, LP (“CVR Partners”) (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate solution fertilizer products, and CapturePoint LLC (“CapturePoint”), a Texas limited liability company focused on capturing carbon oxides from industrial processes, announced today that CapturePoint and CVR Partners’ subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC (“CRNF”), have entered into a series of agreements with certain unaffiliated third-party investors and certain of their respective affiliates intended to qualify under the Internal Revenue Service safe harbor described in Revenue Procedure 2020-12 for certain joint ventures that are eligible to claim Section 45Q Credits (collectively, the “45Q Transaction”).

Key Points: 
  • SUGAR LAND, Texas, and ALLEN, Texas, Jan. 11, 2023 (GLOBE NEWSWIRE) -- CVR Partners, LP (“CVR Partners”) (NYSE: UAN), a manufacturer of ammonia and urea ammonium nitrate solution fertilizer products, and CapturePoint LLC (“CapturePoint”), a Texas limited liability company focused on capturing carbon oxides from industrial processes, announced today that CapturePoint and CVR Partners’ subsidiary, Coffeyville Resources Nitrogen Fertilizers, LLC (“CRNF”), have entered into a series of agreements with certain unaffiliated third-party investors and certain of their respective affiliates intended to qualify under the Internal Revenue Service safe harbor described in Revenue Procedure 2020-12 for certain joint ventures that are eligible to claim Section 45Q Credits (collectively, the “45Q Transaction”).
  • “As a leader in the production of low carbon nitrogen fertilizer, CVR Partners is proud to participate in the generation of carbon capture and sequestration credits as a result of our voluntary nitrous oxide abatement and carbon sequestration projects in Coffeyville, Kansas,” said Mark Pytosh, Chief Executive Officer of CVR Partners’ general partner.
  • “This facility is uniquely qualified to produce hydrogen and ammonia that is certified ‘blue’ to a market that is increasingly demanding reduced carbon footprints.
  • “CapturePoint looks forward to even more exciting announcements in the near future as it continues to expand its carbon capture and sequestration services.”

Vision Energy New Dutch Subsidiaries

Retrieved on: 
Tuesday, January 10, 2023

JERSEY CITY, N.J., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTCQB:VENG) (“Vision Energy” or the “Company”) announces the incorporation of new Dutch subsidiaries to accommodate strategic initiatives for prospective partners, operators and launching customers for its integrated Green Energy Hub development in North Sea Port of Vlissingen, the Netherlands.

Key Points: 
  • JERSEY CITY, N.J., Jan. 10, 2023 (GLOBE NEWSWIRE) -- Vision Energy Corporation (OTCQB:VENG) (“Vision Energy” or the “Company”) announces the incorporation of new Dutch subsidiaries to accommodate strategic initiatives for prospective partners, operators and launching customers for its integrated Green Energy Hub development in North Sea Port of Vlissingen, the Netherlands.
  • The Company has incorporated “Vision Hydrogen BV” as a project development company to develop, own and operate the Company’s planned Ammonia Cracking Facility, for back-cracking imported green ammonia to hydrogen gas as a service.
  • On December 2, 2022, the Company entered into a Memorandum of Understanding with Linde Engineering in connection with a mutual interest to participate in co-investment, development and operations associated with Hydrogen production through Ammonia back-cracking (please refer to Company News Release December 12, 2022).
  • Vision Hydrogen BV plans to commence pre-feasibility, pre-development and initial permit preparation efforts in consultation with Linde Engineering to define the land area required for the facility, and to allocate suitable lands for detailed development and engineering.

Acer Therapeutics Highlights Key 2022 Achievements and Pipeline Advancements, and Provides Anticipated 2023 Milestones

Retrieved on: 
Monday, January 9, 2023

NEWTON, MA – January 09, 2023 – Acer Therapeutics Inc. (Nasdaq: ACER), a pharmaceutical company focused on the acquisition, development and commercialization of therapies for serious, rare and life-threatening diseases with significant unmet medical needs, today announced a corporate update and provided anticipated key development milestones for 2023.

Key Points: 
  • NEWTON, MA – January 09, 2023 – Acer Therapeutics Inc. (Nasdaq: ACER), a pharmaceutical company focused on the acquisition, development and commercialization of therapies for serious, rare and life-threatening diseases with significant unmet medical needs, today announced a corporate update and provided anticipated key development milestones for 2023.
  • “Our commitment to patients is the cornerstone of our mission, and we are proud to have secured our first FDA approval.
  • We are eager to report the topline results from our ongoing Phase 2a trial of ACER-801 in moderate to severe VMS in post-menopausal women in Q1 of 2023.
  • These trial results will provide important insight into ACER-801’s therapeutic potential in induced VMS (iVMS).

Bloom Energy Partners to Serve Spanish and Portuguese Markets

Retrieved on: 
Monday, January 9, 2023

Bloom Energy (NYSE:BE) has teamed with Telam Partners, a leading senior advisory firm specialized in the financing and market entry of energy, infrastructure, and technology projects, to expand Bloom’s footprint into Spain and Portugal.

Key Points: 
  • Bloom Energy (NYSE:BE) has teamed with Telam Partners, a leading senior advisory firm specialized in the financing and market entry of energy, infrastructure, and technology projects, to expand Bloom’s footprint into Spain and Portugal.
  • The two companies will market and deploy the Bloom Electrolyzer, as well as Bloom’s Energy Servers, supporting customers with solutions that can efficiently meet their energy security needs and green hydrogen demand.
  • “Business and political leaders are looking for clean technologies and energy solutions,” said Tim Schweikert, Senior Managing Director of International Business Development, Bloom Energy Inc. “Bloom is now engaged to address these priorities in Spain and Portugal.
  • Telam and Bloom will also market Bloom’s highly efficient fuel cell Energy Server™ to decarbonize port activities when ships are at berth.

Korea Shipbuilding & Offshore Engineering to Develop Fuel Cell System with European Research Institute and Stack Manufacturer Partner

Retrieved on: 
Tuesday, January 10, 2023

Korea Shipbuilding & Offshore Engineering (KSOE) signs an MOU with Fraunhofer IKTS of Germany and fuel cell component manufacturer Elcogen, based in Estonia and Finland

Key Points: 
  • Korea Shipbuilding & Offshore Engineering (KSOE) signs an MOU with Fraunhofer IKTS of Germany and fuel cell component manufacturer Elcogen, based in Estonia and Finland
    LAS VEGAS, Jan. 9, 2023 /PRNewswire/ -- Korea Shipbuilding & Offshore Engineering (KSOE), the intermediate holding company of HD Hyundai, will embark on a mission to develop fuel cell systems for ships and power generation and acquire technologies for green hydrogen production, in collaboration with Europe's largest research institute and a fuel cell stack manufacturer.
  • "The MOU will allow us to acquire key technologies in the fields of green hydrogen production and fuel cell system manufacturing."
  • Fraunhofer IKTS is the largest applied research institute in Europe with 72 labs across Germany.
  • (From left: Hanna Granö-Fabritius, Managing Director of Elcogen; Sungjoon Kim, Senior Executive Vice President and head of KSOE's Advanced Research Center; Alexander Michaelis, Institute Director of Fraunhofer IKTS)

Mitsubishi Electric and Mitsubishi Heavy Industries Reach a Basic Agreement to Start Detailed Studies for Business Integration for Power Generator Systems

Retrieved on: 
Monday, December 26, 2022

TOKYO, Dec 26, 2022 - (JCN Newswire) - Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.

Key Points: 
  • TOKYO, Dec 26, 2022 - (JCN Newswire) - Mitsubishi Electric Corporation (TOKYO: 6503) and Mitsubishi Heavy Industries, Ltd. (TOKYO: 7011) announced today that the two companies have reached a basic agreement to establish a joint venture to integrate their businesses in fields focused on power generator systems.
  • It is expected that Mitsubishi Electric will be the majority shareholder and Mitsubishi Heavy Industries will be the minority shareholder of the new company.
  • In the future, existing thermal power generation will decarbonize its systems with fuel conversion to hydrogen, ammonia, and other carbon-free fuels.
  • Considering this market environment, Mitsubishi Electric and Mitsubishi Heavy Industries have reached this basic agreement to strengthen their market competitiveness further by integrating their respective businesses and combining their respective technologies and assets.

Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners

Retrieved on: 
Saturday, January 7, 2023

JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.

Key Points: 
  • JAKARTA, Jan 7, 2023 - (ACN Newswire) - PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners.
  • PIS signs MoC with Elite Tankship, signed by the CEO of Elite Tankship, Mangish Kakodkar, and the Director of Operations of PIS, Brilian Perdana.
  • Witnessed by CEO PIS, Yoki Firnandi, President Director Pertamina, Nicke Widyawati, President Commissioner Pertamina, Basuki Tjahaja Purnama, and H.E Ambassador of Indonesia for UAE, Husin Bagis.
  • Elite Tankship, headquartered in Singapore, established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company's pride, in May 2022 for a six-year contract period.

MMEX Resources Corp. and Trans Permian H2Hub, LLC Given Green Light by The US Department of Energy in Application Stage for Green Energy Regional Hydrogen Hub

Retrieved on: 
Monday, January 2, 2023

Jack W. Hanks, President and CEO of MMEX Resources Corp and sponsor of the Trans Permian H2Hub said,  “ Trans Permian H2Hub filed on November 5, 2022 ,  announcing its formation and the filing of its Concept Paper for the regional hub Trans Permian H2Hub, LLC and to apply for DOE funding.

Key Points: 
  • Jack W. Hanks, President and CEO of MMEX Resources Corp and sponsor of the Trans Permian H2Hub said,  “ Trans Permian H2Hub filed on November 5, 2022 ,  announcing its formation and the filing of its Concept Paper for the regional hub Trans Permian H2Hub, LLC and to apply for DOE funding.
  • On December 27, 2022, we received the decision by the DOE to proceed to the formal application stage in April 2023.
  • The plan also includes community benefits programs including environmental justice that check the core elements set out in the FOA.
  • The H2Hub also encompasses several university, college, and trade school campuses to implement hydrogen attributes curriculum or job training.

Acer Therapeutics and Relief Therapeutics Announce U.S. FDA Approval of OLPRUVA™ for Patients with Urea Cycle Disorders

Retrieved on: 
Tuesday, December 27, 2022

NEWTON, Mass. and GENEVA, Dec. 27, 2022 (GLOBE NEWSWIRE) -- Acer Therapeutics Inc. (Nasdaq: ACER) (“Acer”) and its collaboration partner, RELIEF THERAPEUTICS Holding SA (SIX: RLF, OTCQB: RLFTF, RLFTY) (“Relief”), today announced that the U.S. Food and Drug Administration (FDA) has approved OLPRUVA™ (sodium phenylbutyrate) for oral suspension in the U.S. for the treatment of certain patients living with urea cycle disorders (UCDs) involving deficiencies of carbamylphosphate synthetase (CPS), ornithine transcarbamylase (OTC), or argininosuccinic acid synthetase (AS).

Key Points: 
  • “Patients who are living with UCDs now have an alternative treatment option with OLPRUVA™, to address some of the challenges they may have with existing therapy.
  • OLPRUVA™ has been approved as an oral suspension by the FDA for the treatment of patients with UCDs.
  • Acer intends to offer Navigator by Acer Therapeutics, a suite of integrated patient support services designed to facilitate access to therapy.
  • Navigator by Acer Therapeutics is designed to assist UCD patients with support, access, education, and adherence.

EverWind Fuels Announces Memorandum of Understanding for Crown Land Leases to Power its Green Hydrogen Hub in Nova Scotia

Retrieved on: 
Thursday, December 22, 2022

HALIFAX, Nova Scotia, Dec. 22, 2022 (GLOBE NEWSWIRE) -- EverWind Fuels Company (“EverWind”), a developer of green hydrogen and ammonia production in Atlantic Canada, announced it was successful in its response to the Province of Nova Scotia’s request for applications (RFA) to commence the process to lease Crown Land to provide power to its multi-phase green hydrogen hub development project at Point Tupper. EverWind and the Province of Nova Scotia have entered into a memorandum of understanding (MOU) in respect of the process for EverWind to exclusively apply for and obtain a lease of the Crown Land subject to the MOU. Such Crown Land is projected to support the development of approximately two gigawatts of onshore wind generation capacity. The intended onshore wind farm will enable EverWind to reach 1 million tonnes of annual green ammonia production capacity by 2026.

Key Points: 
  • EverWind and the Province of Nova Scotia have entered into a memorandum of understanding (MOU) in respect of the process for EverWind to exclusively apply for and obtain a lease of the Crown Land subject to the MOU.
  • The intended onshore wind farm will enable EverWind to reach 1 million tonnes of annual green ammonia production capacity by 2026.
  • Trent Vichie, CEO of EverWind commented: “The MOU for the lease of Crown Land for onshore wind farm development is a crucial step forward for EverWind to develop gigawatt-scale green hydrogen and ammonia production.
  • We thank them for spearheading an expedited process for obtaining Crown Land leases.