DRI

Hy Stor Energy partner, steelmaker SSAB, selected by Department of Energy for award negotiation to accelerate industrial decarbonization

Retrieved on: 
Monday, March 25, 2024

Under an exclusive LOI, Hy Stor Energy has agreed to supply SSAB with zero-carbon renewable hydrogen from its Mississippi Clean Hydrogen Hub (MCHH) in a direct offtake partnership.

Key Points: 
  • Under an exclusive LOI, Hy Stor Energy has agreed to supply SSAB with zero-carbon renewable hydrogen from its Mississippi Clean Hydrogen Hub (MCHH) in a direct offtake partnership.
  • “Today’s announcement marks a milestone in U.S. DOE and industry progress and validates green hydrogen’s role in deep industrial decarbonization.
  • “SSAB is excited about the prospect of collaborating with the Department of Energy and Hy Stor Energy on this potential project.
  • The environmental and community benefits associated with the SSAB and Hy Stor Energy collaboration to utilize green hydrogen and renewable energy align with our shared mission and values.

IN8bio Reports Fourth Quarter and Full-Year 2023 Financial Results and Recent Business Highlights

Retrieved on: 
Thursday, March 14, 2024

(Nasdaq: INAB), a clinical-stage biopharmaceutical company developing innovative gamma-delta T cell therapies, today reported financial results and business highlights for the fourth quarter and full-year ended December 31, 2023.

Key Points: 
  • (Nasdaq: INAB), a clinical-stage biopharmaceutical company developing innovative gamma-delta T cell therapies, today reported financial results and business highlights for the fourth quarter and full-year ended December 31, 2023.
  • “IN8bio entered 2024 with significant momentum behind the company,” said William Ho, CEO and co-founder of IN8bio.
  • “Despite the difficult environment in 2023, the IN8bio team executed operationally and successfully advanced our programs.
  • Cash position: As of December 31, 2023, the Company had cash of $21.3 million, compared to $18.2 million as of December 31, 2022.

Omeros Corporation Reports Fourth Quarter and Year-End 2023 Financial Results

Retrieved on: 
Monday, April 1, 2024

Net loss from continuing operations was $39.3 million for the 2023 fourth quarter compared to $51.7 million for the prior quarter.

Key Points: 
  • Net loss from continuing operations was $39.3 million for the 2023 fourth quarter compared to $51.7 million for the prior quarter.
  • Total operating expenses for the fourth quarter of 2023 were $39.8 million compared to $48.2 million for the third quarter of 2023.
  • Interest expense during the fourth quarter of 2023 was $7.1 million compared to $7.9 million during the prior quarter.
  • During the fourth quarter of 2023, we earned $3.4 million in interest and other income compared to $4.4 million in the third quarter.

Cleveland-Cliffs Selected to Receive $575 Million in US Department of Energy Investments for Two Projects to Accelerate Industrial Decarbonization Technologies

Retrieved on: 
Monday, March 25, 2024

This federal funding is being made available through DOE’s Industrial Demonstrations Program funded through the Infrastructure Investment and Jobs Act and the Inflation Reduction Act.

Key Points: 
  • This federal funding is being made available through DOE’s Industrial Demonstrations Program funded through the Infrastructure Investment and Jobs Act and the Inflation Reduction Act.
  • Middletown will maintain its existing raw steel production capacity of approximately 3 million net tons per year and will no longer use coke for iron production.
  • We are grateful for the support of the Department of Energy and their recognition of Cleveland-Cliffs’ strong leadership in steel decarbonization.
  • The Department of Energy has facilitated a perfect situation for our union workforce, our decarbonization endeavors, our communities in Ohio and Pennsylvania, and our shareholders.”
    U.S.

Diversity Research Institute to Honor Diversity First Top Companies for Diversity and their CEOs at the 20th Annual National Diversity & Leadership Conference in Dallas, TX

Retrieved on: 
Wednesday, March 13, 2024

The companies to be honored were selected from the U.S. Fortune 500 Governance Report (2023) published by Diversity First and DRI last year.

Key Points: 
  • The companies to be honored were selected from the U.S. Fortune 500 Governance Report (2023) published by Diversity First and DRI last year.
  • The report evaluates the executive and board demographics of U.S. Fortune 500 companies.
  • It assesses racial/ethnic and gender demographics of each company according to 2019 U.S. Census Data, providing each company with a score and a ranking.
  • The DRI, in affiliation with Diversity First, lists the companies with the highest scores as Diversity First Top 50 Companies.

ArcelorMittal Dofasco publishes Environmental Product Declarations (EPDs) for XCarb™ recycled and renewably produced steel, the lowest embodied carbon sheet steel available in the North American market

Retrieved on: 
Monday, March 18, 2024

HAMILTON, ON, March 1, 2024 /CNW/ - On its journey towards carbon neutral steel, ArcelorMittal Dofasco, Canada's largest flat roll steel producer, today announced the publication of five Environmental Product Declarations (EPDs) for end use construction products using XCarb™ recycled and renewably produced (RRP) steel.

Key Points: 
  • HAMILTON, ON, March 1, 2024 /CNW/ - On its journey towards carbon neutral steel, ArcelorMittal Dofasco, Canada's largest flat roll steel producer, today announced the publication of five Environmental Product Declarations (EPDs) for end use construction products using XCarb™ recycled and renewably produced (RRP) steel.
  • "This is another example of our commitment to delivering innovative and sustainable steel products for our customers who are striving to lower GHG emissions in their products."
  • The Environmental Product Declarations (EPDs) are compliant with ISO 21930, ISO 14025 and the applicable North American PCR standards.
  • The EPD's, for cold formed sections, corrugated steel pipe, hollow structural sections, steel cladding and roofing, and steel deck are available online at XCarb™ - Recycled and renewably produced products | ArcelorMittal .

Nucor Announces Guidance for the First Quarter of 2024 Earnings

Retrieved on: 
Thursday, March 14, 2024

About NucorNucor and its affiliates are manufacturers of steel and steel products, with operating facilities in the United States, Canada and Mexico. Products produced include: carbon and alloy steel -- in bars, beams, sheet and plate; hollow structural section tubing; electrical conduit; steel racking; steel piling; steel joists and joist girders; steel deck; fabricated concrete reinforcing steel; cold finished steel; precision castings; steel fasteners; metal building systems; insulated metal panels; overhead doors; steel grating; wire and wire mesh; and utility structures. Nucor, through The David J. Joseph Company and its affiliates, also brokers ferrous and nonferrous metals, pig iron and hot briquetted iron / direct reduced iron; supplies ferro-alloys; and processes ferrous and nonferrous scrap. Nucor is North America's largest recycler.

Key Points: 
  • CHARLOTTE, N.C., March 14, 2024 /PRNewswire/ -- Nucor Corporation (NYSE: NUE) today announced guidance for its first quarter ending March 30, 2024.
  • Nucor expects first quarter earnings to be in the range of $3.55 to $3.65 per diluted share.
  • Nucor reported net earnings of $3.16 per diluted share in the fourth quarter of 2023 and $4.45 per diluted share in the first quarter of 2023.
  • Earnings in the steel products segment are expected to decrease in the first quarter of 2024 due to lower average selling prices and decreased volumes.

BigLaw Leader and Strategist Jumps to Shook

Retrieved on: 
Thursday, March 14, 2024

LOS ANGELES, March 14, 2024 /PRNewswire/ -- Shook, Hardy & Bacon welcomes Partner Alycia Degen to the firm's world-renowned Product Liability Litigation Practice.

Key Points: 
  • LOS ANGELES, March 14, 2024 /PRNewswire/ -- Shook, Hardy & Bacon welcomes Partner Alycia Degen to the firm's world-renowned Product Liability Litigation Practice.
  • After co-leading a highly-respected product liability and mass tort practice at an AmLaw 10 firm, Degen's move is a natural fit for Shook.
  • Recognized as a strategist, Degen serves as lead and coordinating counsel in product liability and class action litigation across a broad array of industries, and focuses on life sciences industries, where Shook excels as a global leader.
  • "I've collaborated with Shook attorneys for decades on some of the most complex and high-stakes litigations.

DRI International Announces Winners of the 2024 DRI Awards of Excellence

Retrieved on: 
Wednesday, March 13, 2024

NEW YORK, March 13, 2024 /PRNewswire/ -- Disaster Recovery Institute (DRI) International, the leading nonprofit in business continuity and resilience training, is proud to announce the winners of the 2024 DRI Awards of Excellence for their achievements in the business continuity, disaster recovery, and crisis management fields.

Key Points: 
  • NEW YORK, March 13, 2024 /PRNewswire/ -- Disaster Recovery Institute (DRI) International, the leading nonprofit in business continuity and resilience training, is proud to announce the winners of the 2024 DRI Awards of Excellence for their achievements in the business continuity, disaster recovery, and crisis management fields.
  • The awards were revealed at a special gala event held during DRI2024, the annual conference, in New Orleans, LA, on Mar.
  • "We have the privilege of hosting the hardest working and most dedicated professionals in the resilience community," said Chloe Demrovsky, DRI President and CEO.
  • "The DRI Awards are a great opportunity to give them the spotlight they deserve."

Infinite Blue named 2024 Product/Service Provider of the Year by DRI International

Retrieved on: 
Wednesday, March 13, 2024

AUDUBON, Pa., March 13, 2024 /PRNewswire/ -- Infinite Blue, the leader in total enterprise resilience solutions, has received the 2024 Product/Service Provider of the Year Award from DRI International, the largest nonprofit in business continuity and resilience education and certification. This is the second time Infinite Blue has received the award.

Key Points: 
  • AUDUBON, Pa., March 13, 2024 /PRNewswire/ -- Infinite Blue , the leader in total enterprise resilience solutions, has received the 2024 Product/Service Provider of the Year Award from DRI International, the largest nonprofit in business continuity and resilience education and certification.
  • This is the second time Infinite Blue has received the award.
  • "As disruptions become more complex, organizations need to be able to anticipate impacts, coordinate across the enterprise, and continuously evolve their programs," said Frank Shultz, CEO and founder of Infinite Blue .
  • Infinite Blue's advanced enterprise resilience solutions empower organizations to connect information, assets, plans, and people everywhere.