Element Markets

CNX and New Frontier Announce Strategic Partnership to Leverage Abated Methane Emissions to Transform International Travel

Retrieved on: 
Monday, November 7, 2022

The two companies are working towards a path to next generation air travel that is carbon neutral well before the airline industry's 2050 target date.

Key Points: 
  • The two companies are working towards a path to next generation air travel that is carbon neutral well before the airline industry's 2050 target date.
  • CNX's carbon negative methane will be sold to New Frontier Aerospace at a premium to conventional natural gas reflecting its low carbon intensity value.
  • The monetary benefit CNX is receiving from NFA for supplying this methane will be used to expand CNX's methane capture program and create more climate benefit in the future.
  • As of December 31, 2021, CNX had 9.63 trillion cubic feet equivalent of proved natural gas reserves.

Anew and OHA-Led Investor Consortium Acquire 1.7 Million Acre Timberland Portfolio to Expand Improved Forestry Management for Climate Action

Retrieved on: 
Wednesday, November 2, 2022

HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Anew Climate, LLC ("Anew") announced today the acquisition of entities managed by The Forestland Group ("TFG"), which includes a 1.7-million-acre timberland portfolio.

Key Points: 
  • HOUSTON, Nov. 02, 2022 (GLOBE NEWSWIRE) -- Anew Climate, LLC ("Anew") announced today the acquisition of entities managed by The Forestland Group ("TFG"), which includes a 1.7-million-acre timberland portfolio.
  • BSFC has also entered into definitive agreements to acquire additional TFG-managed entities holding an additional 200,000 timberland acres.
  • "Forests, sustainably managed, are and will be a major climate mitigation tool with substantial benefits to local ecosystems and communities," stated Bill Townsend, Chief Strategy Officer, Anew.
  • Anew Climate, LLC ("Anew") is accelerating the fight against climate change by enabling companies and organizations to align their goals for conservation and impact with actionable next steps.

Anew Selected as LCFS Partner for U.S. Navy, Port of San Diego Initiative

Retrieved on: 
Wednesday, September 21, 2022

Through its ongoing support to the Port of San Diego, Anew will generate and monetize the LCFS crediting opportunities associated with the local activities of the U.S. Navy.

Key Points: 
  • Through its ongoing support to the Port of San Diego, Anew will generate and monetize the LCFS crediting opportunities associated with the local activities of the U.S. Navy.
  • In parallel to the Navy agreement, the Port of San Diego and Anew are extending their agreement through 2030.
  • The Port of San Diego manages 34 miles of the San Diego Bay waterfront.
  • "Working with Anew has been a good experience for the Port," said Job Nelson, Port of San Diego Vice President, Strategy & Policy.

Element Markets and Bluesource Formally Merge to Create Anew™

Retrieved on: 
Tuesday, June 14, 2022

HOUSTON, June 14, 2022 (GLOBE NEWSWIRE) -- Element Markets and Bluesource announced a new brand name today, Anew, forming one of the largest climate solutions companies in North America.

Key Points: 
  • HOUSTON, June 14, 2022 (GLOBE NEWSWIRE) -- Element Markets and Bluesource announced a new brand name today, Anew, forming one of the largest climate solutions companies in North America.
  • "We are providing real-world solutions for the real-world problem of climate change," said Angela Schwarz, CEO of Anew.
  • Anew is leading new ventures in the environmental sector including electric vehicles, carbon capture, utilization, and storage (CCUS), and emerging technologies.
  • Anew emerged from the February 2022 combination of durational industry leaders Element Markets, LLC and Bluesource, LLC .

Gas South Partners with Element Markets to Offer FlexRNG

Retrieved on: 
Thursday, May 12, 2022

ATLANTA, May 12, 2022 /PRNewswire/ -- Gas South, one of the leading natural gas marketers in the Southeast, announced an agreement with Element Markets to offer a new, first-to-market sustainable energy product, FlexRNG.

Key Points: 
  • ATLANTA, May 12, 2022 /PRNewswire/ -- Gas South, one of the leading natural gas marketers in the Southeast, announced an agreement with Element Markets to offer a new, first-to-market sustainable energy product, FlexRNG.
  • "As we continue showcasing our commitment to renewable energy, Gas South is proud to partner with Element Markets to provide this innovative product to our commercial, industrial and municipal customers," said Kevin Greiner, president and CEO of Gas South.
  • By offering FlexRNG to its customers, Gas South is providing an important and effective tool for companies aiming to achieve net zero emissions.
  • Gas South is a leading provider of natural gas in competitive markets throughout the southeastern U.S.

TPG Closes Rise Climate Fund at $7.3 Billion

Retrieved on: 
Wednesday, April 27, 2022

TPG, a leading global alternative asset management firm, today announced the $7.3 billion final close of TPG Rise Climate, the dedicated climate investing strategy of its global impact investing platform TPG Rise.

Key Points: 
  • TPG, a leading global alternative asset management firm, today announced the $7.3 billion final close of TPG Rise Climate, the dedicated climate investing strategy of its global impact investing platform TPG Rise.
  • Since launching in 2021, TPG Rise Climate has been rapidly deploying capital through growth-stage investments in innovative climate solutions.
  • The climate crisis is accelerating and we are proud to be confronting it with substantial capital and action, said Jim Coulter, TPG Founding Partner and Managing Partner of TPG Rise Climate.
  • TPG Rise Climate is the dedicated climate investing strategy of TPGs global impact investing platform TPG Rise.

Shopify purchases carbon offsets from reforestation company DroneSeed to remove 50,000 tonnes of carbon from the atmosphere

Retrieved on: 
Monday, March 28, 2022

SEATTLE, March 28, 2022 /PRNewswire/ -- Reforestation company DroneSeed today announced its largest sale of offsets to date to Shopify, a leading provider of essential internet infrastructure for commerce, which is on a mission to reverse climate change. As part of the post-fire reforestation, native trees of multiple species will remove 50,000 tonnes as they grow over the next century on a legally protected site. A leader in climate tech and post-wildfire reforestation, DroneSeed serves as a one-stop shop for reforestation, combining drone-based aerial seeding, seed inventory, and tree nurseries. As wildfire size and severity has increased due to climate change, funding the high up-front costs of reforestation has become a significant bottleneck. DroneSeed's reforestation initiatives are financed by the generation and sale of carbon offsets in partnership with Element Markets, an environmental commodities company dedicated to the rapid deployment of carbon reduction products and services.

Key Points: 
  • DroneSeed's offsets are at the forefront of a new class of carbon removal offsets available on the voluntary market to fund reforestation.
  • Historically, the majority of forest carbon offsets have been generated from projects protecting mature forests, while carbon offsets have much more rarely been an effective tool for financing the high up-front costs of reforestation.
  • Repayment periods for reforestation projects were 10-25 years long and reforestation projects funded by offsets have been rare.
  • After independent verification, the reforestation projects generate offsets that the company sells to help finance its ongoing reforestation work and pay landowners.

GEF Capital Partners-backed Bluesource to combine with Element Markets to Form a Global Decarbonization Platform

Retrieved on: 
Thursday, February 24, 2022

GEF Capital partnered with Bluesource in 2018 by making an investment into the company and becoming the company's largest shareholder.

Key Points: 
  • GEF Capital partnered with Bluesource in 2018 by making an investment into the company and becoming the company's largest shareholder.
  • Since GEF Capital's investment in 2018, Bluesource has experienced exponential growth while continuing to be an innovator in the industry.
  • Stuart Barkoff, a founder of GEF Capital who co-led the investment in Bluesource, noted that, "Bluesource is a perfect representation of the value that partnership, alignment and capital can bring to an investment.
  • Daniel Prawda, also a founder of GEF Capital and co-leader of the investment, further stated that, "GEF Capital is excited to continue as an investor in the combined Element Markets and Bluesource businesses.

Bluesource & Element Markets are Combining to Form a Global Decarbonization Platform Backed by TPG Rise

Retrieved on: 
Wednesday, February 23, 2022

TPG Rises investment comes through a significant new commitment from TPG Rise Climate and additional investment from The Rise Fund following its acquisition of Element Markets in January 2021.

Key Points: 
  • TPG Rises investment comes through a significant new commitment from TPG Rise Climate and additional investment from The Rise Fund following its acquisition of Element Markets in January 2021.
  • NGP ETP, the energy transition investment platform of NGP Energy Capital Management, joined TPG Rise in the transaction.
  • TPG Rise Climate is the dedicated climate investing strategy of TPG's global impact investing platform TPG Rise.
  • The Rise Funds are a core pillar of TPG Rise, TPG's global impact investing platform.

NW Natural and Element Markets Team up to Deliver Benefits of Renewable Natural Gas to Customers

Retrieved on: 
Wednesday, August 4, 2021

NW Natural, a subsidiary of NW Natural Holding Company (NYSE: NWN), has signed an agreement with Element Markets to purchase renewable natural gas (RNG) for Oregon customers as part of the RNG program instituted under Oregon Senate Bill 98.

Key Points: 
  • NW Natural, a subsidiary of NW Natural Holding Company (NYSE: NWN), has signed an agreement with Element Markets to purchase renewable natural gas (RNG) for Oregon customers as part of the RNG program instituted under Oregon Senate Bill 98.
  • This marks the second RNG contract for NW Natural under the landmark bill, which supports renewable energy procurement and investment by natural gas utilities.
  • Were pleased to partner with Element Markets to help lower emissions on behalf of our customers, said David H. Anderson, NW Natural president and CEO.
  • NW Holdings owns NW Natural, NW Natural Water Company (NW Natural Water), and other business interests.