Oil shale

YETI Reports Second Quarter 2023 Results

Retrieved on: 
Thursday, August 10, 2023

YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the second quarter ended July 1, 2023.

Key Points: 
  • YETI Holdings, Inc. (“YETI”) (NYSE: YETI) today announced its financial results for the second quarter ended July 1, 2023.
  • Sales and adjusted sales for the second quarter of 2023 include $12.5 million of sales related to gift card redemptions in connection with recall remedies.
  • Our 2023 results have also been materially adversely impacted by the stop sale of the soft coolers included in the recalls initiated during the first quarter of 2023.
  • A conference call to discuss the second quarter of 2023 financial results is scheduled for today, August 10, 2023, at 8:00 a.m. Eastern Time.

Par Pacific Holdings Reports Strong Second Quarter 2023 Results

Retrieved on: 
Monday, August 7, 2023

HOUSTON, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended June 30, 2023.

Key Points: 
  • HOUSTON, Aug. 07, 2023 (GLOBE NEWSWIRE) -- Par Pacific Holdings, Inc. (NYSE: PARR) (“Par Pacific” or the “Company”) today reported its financial results for the quarter ended June 30, 2023.
  • Second quarter 2023 Adjusted Net Income was $105.6 million, compared to an Adjusted Net Income of $197.2 million in the second quarter of 2022.
  • Second quarter 2023 Adjusted EBITDA was $150.8 million, compared to $242.1 million in the second quarter of 2022.
  • Adjusted Gross Margin for the Refining segment was $205.6 million in the second quarter of 2023, compared to $287.3 million in the second quarter of 2022.

Viant Technology Announces Second Quarter 2023 Financial Results

Retrieved on: 
Monday, August 7, 2023

Viant Technology Inc. (Nasdaq: DSP), a leading people-based advertising technology company, today reported financial results for its second quarter ended June 30, 2023.

Key Points: 
  • Viant Technology Inc. (Nasdaq: DSP), a leading people-based advertising technology company, today reported financial results for its second quarter ended June 30, 2023.
  • “We are pleased to report another quarter of strong performance, highlighted by double-digit revenue growth,” said Tim Vanderhook, Co-Founder and CEO, Viant.
  • Reconciliations of these non-GAAP financial measures to Viant’s financial results as determined in accordance with GAAP are included at the end of this press release under “Reconciliation of Non-GAAP Financial Measures.” For a description of these non-GAAP financial measures, including the reasons management uses each measure, please see “Non-GAAP Financial Measures” in this press release.
  • For more information, please refer to our Quarterly Report on Form 10-Q for the quarter ended June 30, 2023.

Cooper Standard Sells Technical Rubber Business to Holcim

Retrieved on: 
Wednesday, August 2, 2023

NORTHVILLE, Mich., Aug. 2, 2023 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today announced it has completed the sale of its Technical Rubber business to Switzerland-based Holcim .

Key Points: 
  • NORTHVILLE, Mich., Aug. 2, 2023 /PRNewswire/ -- Cooper-Standard Holdings Inc. (NYSE: CPS) today announced it has completed the sale of its Technical Rubber business to Switzerland-based Holcim .
  • Based in Mannheim, Germany, Cooper Standard Technical Rubber (CSTR) offers versatile sheeting, compounding and flooring solutions.
  • "Cooper Standard is committed to our Technical Rubber team and ensuring a smooth transition for our employees and Holcim," said Ramsey Changoo, vice president and managing director – ISG (Industrial and Specialty Group).
  • Holcim will continue CSTR`s existing business activities and serve its existing customer base under its new name of Holcim Technical Solutions & Products GmbH.

Leading Sustainable Construction in North America: Lafarge Canada Achieves 100% Low Carbon Cement Production at Richmond Plant

Retrieved on: 
Tuesday, July 25, 2023

Sustainable building solutions leader Lafarge Canada, a member of Holcim Group, announced its conversion to the production of 100% ECOPlanet cement at its Richmond Cement Plant.

Key Points: 
  • Sustainable building solutions leader Lafarge Canada, a member of Holcim Group, announced its conversion to the production of 100% ECOPlanet cement at its Richmond Cement Plant.
  • ECOPlanet, Holcim’s brand of low-carbon cement, offers a minimum 30% reduction in CO2 emissions per tonne in comparison to ordinary portland cement.
  • “This is a proud moment for our organization," says Brad Kohl, president & CEO of Lafarge Canada (West).
  • The Richmond plant has been at the forefront of carbon emissions reduction in the industry’s built environment since the mid-2000s.

Three Holcim clean tech projects selected for EU Innovation Fund grants to decarbonize Europe

Retrieved on: 
Friday, July 14, 2023

Holcim Carbon Capture Utilization and Storage (CCUS) projects in Belgium, France and Croatia selected

Key Points: 
  • Holcim Carbon Capture Utilization and Storage (CCUS) projects in Belgium, France and Croatia selected
    Holcim has been selected for three grants from the European Union (EU) Innovation Fund for breakthrough Carbon Capture Utilization and Storage (CCUS) projects in Belgium, France and Croatia.
  • With these three grants, Holcim is now advancing five decarbonization projects with EU Innovation Fund support, adding to its ongoing CCUS projects in Germany and Poland.
  • Miljan Gutovic, Region Head Europe: “It’s exciting to be at the forefront of decarbonizing the building sector in Europe.
  • The EU Innovation Fund is one of the world's largest funding programs for innovative low-carbon technologies.

Holcim Alpena Cement Plant Opens New Tire-Derived Fuel Facility

Retrieved on: 
Thursday, June 1, 2023

"Holcim has invested more than $100 million in eco-friendly technologies at the Alpena plant in the last 15 years.

Key Points: 
  • "Holcim has invested more than $100 million in eco-friendly technologies at the Alpena plant in the last 15 years.
  • State and local representatives joined Holcim Alpena plant employees for a ribbon cutting on Thursday.
  • The Alpena Plant will begin using TDF to fuel approximately 10% of its thermal needs for operations.
  • "These improvements to the Holcim Alpena plant are a great example of a public-private partnership," said Hoitenga.

Holcim completes its share buyback program

Retrieved on: 
Saturday, May 27, 2023

Holcim today announces the successful completion of its share buyback program initiated on 14 November 2022.

Key Points: 
  • Holcim today announces the successful completion of its share buyback program initiated on 14 November 2022.
  • Through this program, Holcim repurchased 36,804,453 shares on a second trading line on SIX Swiss Exchange.
  • This is equivalent to 6.0% of its share capital, for a total amount of CHF 2 billion at an average purchase price of CHF 54.3 per share.
  • As a result, the share capital of Holcim Ltd will be reduced to CHF 1,158,249,212 and divided into 579,124,606 shares on 1 June 2023.

Zion Oil & Gas, Inc. Announces Significant Progress and Launch of a New Unit Program

Retrieved on: 
Thursday, May 18, 2023

"We have seen God's hand guiding us as we make significant strides toward our mission of providing oil and gas for Israel's economic and political independence," said Rob Dunn, CEO of Zion Oil & Gas.

Key Points: 
  • "We have seen God's hand guiding us as we make significant strides toward our mission of providing oil and gas for Israel's economic and political independence," said Rob Dunn, CEO of Zion Oil & Gas.
  • The company owns its drilling rig, a substantial advantage that eliminates past challenges of securing one.
  • As pioneers in their field, Zion Oil & Gas conducted the first and only commercial 3D seismic testing in Israel.
  • Zion is also excited to announce a new Unit Program running from May 15, 2023, to June 15, 2023.

Valmet to convert Helen Ltd's coal-fired district heat boiler to a pellet-fired BFB boiler at the Salmisaari power plant in Helsinki, Finland

Retrieved on: 
Thursday, May 4, 2023

ESPOO, Finland, May 4, 2023 /PRNewswire/ -- Valmet is to convert Helen Ltd's coal-fired district heat boiler to bubbling fluidized bed (BFB) combustion to enable wood pellet firing at the Salmisaari 'A' power plant in Helsinki, Finland.

Key Points: 
  • ESPOO, Finland, May 4, 2023 /PRNewswire/ -- Valmet is to convert Helen Ltd's coal-fired district heat boiler to bubbling fluidized bed (BFB) combustion to enable wood pellet firing at the Salmisaari 'A' power plant in Helsinki, Finland.
  • Valmet has decades of experience of successful boiler conversions," says Niina Ollikka, Director, Energy Business Unit, Rebuilds and Conversions, Valmet.
  • In 2018, Valmet started-up a 92 MWth pellet-fired heating plant at the Salmisaari power plant area, and during this year the heat recovery plant belonging to the Vuosaari bioheating plant will be completed.
  • Valmet is to convert Helen Ltd's coal-fired district heat boiler to bubbling fluidized bed (BFB) combustion at the Salmisaari power plant in Helsinki, Finland.