Terneuzen

Trinseo Reports Fourth Quarter and Full-Year 2023 Financial Results; Provides First Quarter 2024 Outlook

Retrieved on: 
Monday, February 12, 2024
Automotive Manufacturing, Manufacturing, Other Manufacturing, Packaging, Chemicals, Plastics, Free cash flow, Adjustment, Weakness, Styrene, Perseverance, Public expenditure, Terneuzen, EPS, Q&A, Bank statement, Environment, Pharmaceutical industry

Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its full-year and fourth quarter 2023 financial results.

Key Points: 
  • Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its full-year and fourth quarter 2023 financial results.
  • Additionally, there was a year-over-year $52 million unfavorable impact due to higher goodwill impairment and restructuring charges.
  • Fourth quarter net loss from continuing operations of $265 million was $99 million above prior year.
  • Due to these closures, starting in the first quarter of 2024, the Company will no longer have a Feedstocks reporting segment.

Trinseo Reports Second Quarter 2023 Financial Results, Announces Additional Restructuring Initiatives and Updates 2023 Outlook

Retrieved on: 
Thursday, August 3, 2023
Automotive Manufacturing, Manufacturing, Textiles, Packaging, Chemicals, Plastics, CASE, Works council, Death Note 2: The Last Name, Q&A, Electronics, Bank statement, Engineering, Engineered materials arrestor system, PMMA, GAAP, Absorption, ABS, EBITDA, Styrene, Terneuzen, Natural gas, EPS, Growth, Free cash flow, Adjustment, NYSE, TSE, Drug, Bank, Fine chemical, Pharmaceutical industry, Petrochemical, Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2023 financial results.

Key Points: 
  • Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its second quarter 2023 financial results.
  • Second quarter net loss from continuing operations of $349 million was $386 million below prior year.
  • Commenting on the Company’s second quarter performance, Frank Bozich, President and Chief Executive Officer of Trinseo, said, “As expected, second quarter sales volume was sequentially similar as general market conditions remained unchanged.
  • Trinseo will host a conference call to discuss its second quarter 2023 financial results on Friday, August 4, 2023 at 10 a.m. Eastern Time.

Dow's Seadrift, Texas location selected for X-energy advanced SMR nuclear project to deliver safe, reliable, zero carbon emissions power and steam production

Retrieved on: 
Thursday, May 11, 2023
State, JDA, U.S. Department of Agriculture Cotton Annex, Clean and Environmentally Safe Advanced Reactor, NRC, Enhanced Defense Cooperation Agreement, Seadrift, Texas, Planning permission, Texas Gulf Coast Regional Airport, Carbon, DOE, History, Coastal Bend College, Food packaging, Steam, Terneuzen, Engineering, Economic development, SMR, Growth, U.S. Department of Energy, Office of Inspector General, NYSE, Safety, Uranium mining, Renewable energy, Dow

The project is focused on providing the Seadrift site with safe, reliable, zero carbon emissions power and steam as existing energy and steam assets near their end-of-life.

Key Points: 
  • The project is focused on providing the Seadrift site with safe, reliable, zero carbon emissions power and steam as existing energy and steam assets near their end-of-life.
  • The U.S. Department of Energy ("DOE") named Dow a sub-awardee under X-energy's Advanced Reactor Demonstration Program ("ARDP") Cooperative Agreement.
  • "Advanced nuclear has attractive advantages over other sources of clean power, including a compact footprint, competitive cost, and enhanced power and steam reliability.
  • "Our advanced nuclear project is another example of Dow leading the way and showing industry the path toward a lower carbon future.

Trinseo Reports Fourth Quarter and Full-Year 2022 Financial Results; Provides Full-Year 2023 Guidance

Retrieved on: 
Wednesday, February 8, 2023
Automotive Manufacturing, Manufacturing, Textiles, Packaging, Chemicals, Plastics, Bank statement, EPS, Natural gas, Q&A, Free cash flow, EH&S, ABS, NYSE, COVID-19, Plastic, Economics, Arkema, Böhlen, EBITDA, Rinker School of Building Construction, EH, PMMA, Pressure, Styrene, Terneuzen, ERP, Adjustment, CASE, Death Note 2: The Last Name, TSE, MMA, Fine chemical, Pharmaceutical industry, Petrochemical, Trinseo

†This amount varies from the Company’s available liquidity stated in its press release announcing preliminary fourth quarter 2022 results, dated January 26, 2023, based on the completion of financial covenant calculations under its debt agreements.

Key Points: 
  • †This amount varies from the Company’s available liquidity stated in its press release announcing preliminary fourth quarter 2022 results, dated January 26, 2023, based on the completion of financial covenant calculations under its debt agreements.
  • The Company had $354.7 million available under its revolving credit facility at the end of fourth quarter 2022 and expects availability under such facility to be approximately $102 million at the end of the first quarter 2023.
  • Trinseo (NYSE: TSE), a specialty material solutions provider, today reported its fourth quarter and full-year 2022 financial results.
  • Fourth quarter net loss from continuing operations of $364 million was $365 million below prior year and Adjusted EBITDA of $6 million was $127 million below prior year.

Trinseo Provides Third Quarter 2022 Expected Results and Potential Profitability Improvement Initiatives; Announces Third Quarter 2022 Conference Call

Retrieved on: 
Tuesday, October 18, 2022
Packaging, Chemicals, Plastics, Automotive, Automotive Manufacturing, Tires & Rubber, Manufacturing, Growth, NYSE, Income, Compound, Works council, History, Terneuzen, ABS, Company, Q&A, Adjustment, Face, Styrene, TSE, PMMA, COVID-19, Micromax IN Note 1, Tourism, Bank, Thermoplastic, Trinseo

Trinseo (NYSE: TSE), a specialty material solutions provider, today released preliminary result estimates for third quarter of 2022.

Key Points: 
  • Trinseo (NYSE: TSE), a specialty material solutions provider, today released preliminary result estimates for third quarter of 2022.
  • Historically high natural gas prices resulted in negative styrene margins in Europe throughout the quarter.
  • Customer demand, particularly in consumer durables and building and construction applications, was very low in Europe and Asia.
  • Further details will be communicated on Trinseos third quarter 2022 earnings conference call on Thursday, Nov. 3 at 10 a.m. Eastern Time.

TD Greystone Infrastructure Fund Completes Investment in Sea Port Infrastructure with Verbrugge International

Retrieved on: 
Monday, October 17, 2022
Toronto-Dominion Bank, Fund, City, Paper, Global, TD, Terneuzen, Solution, Company, Vlissingen, CEO, Foundation, Entrepreneurship, Food industry, Financial adviser, Verbrugge

TORONTO, Oct. 17, 2022 /CNW/ - The TD Greystone Infrastructure Fund1 (the "Fund") has acquired an interest in Verbrugge International B.V. ("Verbrugge" or the "Company"), a leading Dutch bulk and breakbulk terminal operator.

Key Points: 
  • TORONTO, Oct. 17, 2022 /CNW/ - The TD Greystone Infrastructure Fund1 (the "Fund") has acquired an interest in Verbrugge International B.V. ("Verbrugge" or the "Company"), a leading Dutch bulk and breakbulk terminal operator.
  • Verbrugge provides critical transport infrastructure to move essential commodities such as wood pulp, bulk, paper, and agricultural products across Continental Europe.
  • 1 The TD Greystone Infrastructure Fund is comprised of the TD Greystone Infrastructure Fund (Global Master) L.P., the TD Greystone Infrastructure Fund (Canada) L.P. and the TD Greystone Infrastructure Fund (Canada) L.P. II.
  • TD Asset Management Inc. ("TDAM"), a member of TD Bank Group, is a North American investment management firm.

Vision Hydrogen Monetizes First Two Development Projects

Retrieved on: 
Wednesday, May 11, 2022
Hydrogen, Private Securities Litigation Reform Act, Negotiation, Carbon, BV, Terneuzen, GLOBE, Company, Purchasing, Treasury, Vlissingen, First Finance Commission, Industry, OTCQB, Bossard Holding AG, Sale, Transport, BVS, USD, Bank

JERSEY CITY, N.J., May 11, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Vision Hydrogen Corporation (OTCQB:VIHD) (the Company) is pleased to announce that it has monetized its 100% interest in its Vlissingen green hydrogen development project and its 50% interest in its Terneuzen green hydrogen development project through the sale of its Dutch interests to Volt Energy BV (Purchaser), wholly-owned by its former co-CEO Andre Jurres.

Key Points: 
  • JERSEY CITY, N.J., May 11, 2022 (GLOBE NEWSWIRE) -- via InvestorWire -- Vision Hydrogen Corporation (OTCQB:VIHD) (the Company) is pleased to announce that it has monetized its 100% interest in its Vlissingen green hydrogen development project and its 50% interest in its Terneuzen green hydrogen development project through the sale of its Dutch interests to Volt Energy BV (Purchaser), wholly-owned by its former co-CEO Andre Jurres.
  • Consistent with our plan to fund our development trajectory through monetizing early-stage development projects, VisionH2 is pleased to have established proof of concept with our initial two projects, said Andrew Hromyk, Vision Hydrogen CEO.
  • With numerous hydrogen and carbon abatement projects in very early stages of development across Europe and our proven method economically rewarded much earlier than forecast, the Company is well positioned for future growth.
  • VisionH2 is leveraging its proven track-record in site procurement and permitting,accelerating pre-development and grid integration to produce low-carbon and green hydrogen.

Trinseo Provides Fourth Quarter and Full Year 2021 Expected Results and Full Year 2022 Estimates; Announces Fourth Quarter 2021 Conference Call

Retrieved on: 
Monday, January 24, 2022
Automotive Manufacturing, Manufacturing, Textiles, Packaging, Chemicals, Plastics, Income, U.S. Securities and Exchange Commission, Webcast, Adjustment, GAAP, Micromax IN Note 1, NYSE, Trinseo, Â, Q&A, Terneuzen, Industry, Synthetic, Plastic, Company, Sale, Depreciation, LaTeX, TSE, Business Wire, Acquisition, Bookkeeping, Video game, Real estate

Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics and latex binders announced expectations for its fourth quarter 2021 financial results.

Key Points: 
  • Trinseo (NYSE: TSE), a global materials company and manufacturer of plastics and latex binders announced expectations for its fourth quarter 2021 financial results.
  • Bozich continued, In the first quarter we are seeing continued strong end-market demand and significantly lower European natural gas prices.
  • These factors, combined with the pricing actions weve already taken, give us confidence in a strong first quarter to start 2022.
  • Trinseo will host a conference call to discuss further details of its fourth quarter and full year 2021 financial results on Wednesday, February 9, 2022 at 10 AM Eastern Time.

Eagle Bulk Shipping Inc. Completes First Sustainable Biofuel Voyage with GoodFuels

Retrieved on: 
Wednesday, December 8, 2021
Eagle, Frisbee, Company, Carbon, GLOBE, Handymax, CO2, Biofuel, RSB, Miner, ISCC, Efficiency, Industry, Transport, R, Terneuzen, Marketing, Nasdaq, Solution, Renewable energy, Airline

STAMFORD, Conn., Dec. 08, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (Eagle Bulk, Eagle, or the Company), one of the worlds largest owner-operators within the midsize dry bulk segment, today announced that the Company has successfully completed its first sustainable biofuel voyage in cooperation with GoodFuels, a leading biofuels pioneer for the global transport industry.

Key Points: 
  • STAMFORD, Conn., Dec. 08, 2021 (GLOBE NEWSWIRE) -- Eagle Bulk Shipping Inc. (Nasdaq: EGLE) (Eagle Bulk, Eagle, or the Company), one of the worlds largest owner-operators within the midsize dry bulk segment, today announced that the Company has successfully completed its first sustainable biofuel voyage in cooperation with GoodFuels, a leading biofuels pioneer for the global transport industry.
  • The M/V Sydney Eagle (2015-built SDARI-64 Ultramax) was bunkered with GoodFuels advanced marine biofuel during its port call at Terneuzen, the Netherlands.
  • Jonathan Dowsett, Director of Fleet Performance at Eagle Bulk Shipping, said: Eagle continues to actively explore ways to decarbonize its fleet, while maximizing efficiency in line with international targets to reduce carbon intensity and absolute emissions from shipping.
  • AboutEagle Bulk Shipping Inc.
    Eagle Bulk Shipping Inc. (Eagle or the Company) is a US-based fully integrated shipowner-operator providing global transportation solutions to a diverse group of customers including miners, producers, traders, and end users.

Prolific bolsters leadership team, adds global business executive Toni McEwan as Senior Vice President

Retrieved on: 
Tuesday, July 27, 2021
Midland, Michigan, DuPont, Bhopal disaster, Dow Chemical Company, Terneuzen, Corteva, Cities in the United States, Indianapolis, New York Stock Exchange, Companies, Political divisions of the United States

INDIANAPOLIS, July 27, 2021 /PRNewswire/ -- Prolific, a national growth firm headquartered in Indianapolis, Ind., has added Toni McEwan to its leadership team.

Key Points: 
  • INDIANAPOLIS, July 27, 2021 /PRNewswire/ -- Prolific, a national growth firm headquartered in Indianapolis, Ind., has added Toni McEwan to its leadership team.
  • McEwan comes to Prolific with expertise in the fields of manufacturing, agriculture, and global non-profit work with enterprise companies such as Corteva (NYSE:CTA-A) and Dow Chemical (NYSE: DOW).
  • McEwan will lead many day-to-day operational and strategic efforts at Prolific.
  • "We are thrilled that Toni is joining our leadership team during this era of unprecedented growth and impact.