Mercuria

CapturePoint Closes 45Q Direct Transfer Tax Credit Transaction Associated With the Arkalon Co2 Capture Facility in Kansas

Retrieved on: 
Monday, March 18, 2024
Environment, Other Energy, Environmental Health, Utilities, Oil, Gas, Alternative Energy, Sustainability, Green Technology, Energy, Carbon, Transfer, Mercuria, CO2, Carbon dioxide, Marathon Capital, Landfill

“CapturePoint is at the leading edge of carbon management innovation in the United States,” said CEO Tracy Evans, “and our Arkalon CO2 capture facility and Panhandle CO2-EOR operations are helping the nation achieve important environmental and energy security goals. Our team is also developing expansive deep underground carbon storage sites – like our CPS Central Louisiana Regional Carbon Storage Hub -- to permanently and safely sequester much larger volumes of CO2 currently released into the atmosphere by industrial emitters.”

Key Points: 
  • The CapturePoint Arkalon CO2 capture facility has the capacity to capture 250,000 metric tons of CO2 annually from nearby bio-ethanol production.
  • The new Arkalon CO2 capture facility was placed in service in April 2023, generating Section 45Q tax credits for capturing and utilizing industrially sourced CO2 emissions.
  • The Tax Credit Transfer Agreement between CapturePoint and the buyer includes placement of 100% of the 45Q tax credits generated by the Arkalon facility for a total of 12 years.
  • “We were honored to support CapturePoint on one of the industry’s first Section 45Q tax credit transfer transactions for their Arkalon CO2 capture facility,” said Matthew Shanahan, Managing Director at Marathon Capital.

Aspen Power Adds Peter Sherk to Board of Directors

Retrieved on: 
Wednesday, February 14, 2024
Green Technology, Alternative Energy, Energy, Environment, Utilities, Sherk, Imperial Oil, Senior, Multimedia, Investment, McGill University, Mercuria, Morgan Stanley, CO2, Economics, Management

Aspen Power , a leading distributed generation platform with a mission to accelerate and democratize decarbonization, today announced the addition of Peter Sherk to its Board of Directors.

Key Points: 
  • Aspen Power , a leading distributed generation platform with a mission to accelerate and democratize decarbonization, today announced the addition of Peter Sherk to its Board of Directors.
  • View the full release here: https://www.businesswire.com/news/home/20240214082388/en/
    Peter Sherk, Aspen Power Board Member (Photo: Business Wire)
    “Peter is a seasoned business leader who will help guide Aspen Power in delivering on its growth strategy,” said Jorge Vargas, Chief Executive Officer, Aspen Power.
  • “His financial acumen and his market perspective will be particularly relevant as Aspen Power continues to grow as a leading independent power producer,” he added.
  • “I’m pleased to join Aspen Power’s board at this important point in the company’s growth,” commented Sherk.

Zefiro Methane Corp. 2023 Year in Review: Scaling an Integrated Enterprise to Reduce Methane Emissions

Retrieved on: 
Tuesday, January 9, 2024
Carbon, Commissioner, Natural Resources, Mercuria, METHANE, Biophysical environment, Methane, Public, Interior, Environmental protection, Conference, USD, Organization, Government, News, Infrastructure, Appetite, United, Renewable energy

October 2023: As a subcontractor to North Wind Site Services, LLC, Zefiro’s subsidiary Plants & Goodwin, Inc. completed the very first plugging operation of an orphaned gas well in New York State using federal funding.

Key Points: 
  • October 2023: As a subcontractor to North Wind Site Services, LLC, Zefiro’s subsidiary Plants & Goodwin, Inc. completed the very first plugging operation of an orphaned gas well in New York State using federal funding.
  • Please access the Investors section of the Company’s website for a version of this press release containing all published media.
  • The Environmental Protection Agency has indicated that methane emissions are at least 28 times more potent than carbon dioxide in terms of trapping heat in the atmosphere.
  • Additionally, unplugged wells that leak methane have been found to seriously threaten the environmental well-being of their surroundings, including public spaces, private properties, and local farmland .

Energy Capital Partners Acquires Triple Oak Power from EnCap Investments L.P.

Retrieved on: 
Tuesday, January 9, 2024
Other Energy, Environment, Sustainability, Alternative Energy, Green Technology, Energy, Wind, LLP, Natural Resources, Electricity, ECP, Partnership, Latham & Watkins, History, EnCap Investments, Partner, Marathon Capital, Mercuria, EnCap, Sidley Austin, Growth, Renewable energy

Energy Capital Partners (“ECP") today announced that it has acquired Triple Oak Power ("Triple Oak") from EnCap Energy Transition Fund I (“EnCap") and its co-investors, Yorktown Partners and Mercuria Energy.

Key Points: 
  • Energy Capital Partners (“ECP") today announced that it has acquired Triple Oak Power ("Triple Oak") from EnCap Energy Transition Fund I (“EnCap") and its co-investors, Yorktown Partners and Mercuria Energy.
  • "ECP is excited to work with Triple Oak Power to execute our shared mission of delivering cost-effective, clean energy to consumers," said Schuyler Coppedge, Partner at ECP.
  • "We are proud of the platform that the Triple Oak team has created alongside our partner, EnCap, and we are thrilled to partner with ECP in the next chapter of growth for Triple Oak Power," said Jesse Gronner, CEO of Triple Oak.
  • Marathon Capital acted as the exclusive financial advisor to EnCap and Triple Oak on the transaction, and Sidley Austin LLP served as legal counsel to EnCap and Triple Oak.

Global Commodity Digital Trader 'Open Mineral Ltd' Appoints Chief Financial Officer

Retrieved on: 
Sunday, December 17, 2023
Social, Mercuria, Corporation, Mineral, CFO, EY, Growth, GCC, Environment, Corporate finance, ESG, Cryptocurrency, Entrepreneurship, Accounting, Kingdom

Abu Dhabi, UAE, Dec. 17, 2023 /PRNewswire/ -- Abu Dhabi based critical minerals commodity digital trader and market intelligence house 'Open Mineral Ltd' is pleased to announce the Board's appointment of Miguel Pacheco, as its new Chief Financial Officer.

Key Points: 
  • Abu Dhabi, UAE, Dec. 17, 2023 /PRNewswire/ -- Abu Dhabi based critical minerals commodity digital trader and market intelligence house 'Open Mineral Ltd' is pleased to announce the Board's appointment of Miguel Pacheco, as its new Chief Financial Officer.
  • And with the world's economies continuing to advance amid volatility, and global trade headwinds impacting our GCC region, the need for a CFO with an evolved skillset and mindset like Miguel is invaluable."
  • Prior to joining Open Mineral, he was Chief Executive Officer at TF Cargoes, and held senior positions in several leading commodity companies and large MNCs including Trafigura, Mercuria Energy Trading SA, Hartree Partners, and EY.
  • Miguel holds an MBA (Finance, Accounting, and Entrepreneurship) from The Wharton School.

Global Commodity Digital Trader 'Open Mineral Ltd' Appoints Chief Financial Officer

Retrieved on: 
Sunday, December 17, 2023
Social, Mercuria, Corporation, Mineral, CFO, EY, Growth, GCC, Environment, Corporate finance, ESG, Cryptocurrency, Entrepreneurship, Accounting, Kingdom

Abu Dhabi, UAE, Dec. 17, 2023 /PRNewswire/ -- Abu Dhabi based critical minerals commodity digital trader and market intelligence house 'Open Mineral Ltd' is pleased to announce the Board's appointment of Miguel Pacheco, as its new Chief Financial Officer.

Key Points: 
  • Abu Dhabi, UAE, Dec. 17, 2023 /PRNewswire/ -- Abu Dhabi based critical minerals commodity digital trader and market intelligence house 'Open Mineral Ltd' is pleased to announce the Board's appointment of Miguel Pacheco, as its new Chief Financial Officer.
  • And with the world's economies continuing to advance amid volatility, and global trade headwinds impacting our GCC region, the need for a CFO with an evolved skillset and mindset like Miguel is invaluable."
  • Prior to joining Open Mineral, he was Chief Executive Officer at TF Cargoes, and held senior positions in several leading commodity companies and large MNCs including Trafigura, Mercuria Energy Trading SA, Hartree Partners, and EY.
  • Miguel holds an MBA (Finance, Accounting, and Entrepreneurship) from The Wharton School.

Exergyn sets new boundaries in solid-state refrigerant technology

Retrieved on: 
Friday, September 8, 2023
SMA, Maintenance, Climate, Radiation, Food, Hydrofluorocarbon, Montreal, Spinal muscular atrophies, Montreal Protocol, CCAC, Air conditioning, Refrigeration, Ozone, Temperature, CFC, Carbon, GWP, Ventilation, COP, Kigali, Kigali Amendment, National academy, Climate change, HFC, Developed country, Climate and Clean Air Coalition to Reduce Short-Lived Climate Pollutants, HVACR, Science, Heat, Health, Global warming potential, Greenhouse, Safety, Heating, ventilation, and air conditioning, Renewable energy, Propane, Lacerta, Mercuria

DUBLIN, Sept. 8, 2023 /PRNewswire/ -- With global surface temperatures soaring past highs not seen for millennia, the need for climate-friendly cooling has never been greater. Increasingly frequent events directly linked to climate change are drawing attention to the damaging effects of traditional refrigerant gases in heating, cooling, air conditioning, and refrigeration products. Exergyn, a leading technology firm, is on track to mitigate these issues by deploying its unique solid-state cooling technology based on shape memory alloys (SMAs). 

Key Points: 
  • Increasingly frequent events directly linked to climate change are drawing attention to the damaging effects of traditional refrigerant gases in heating, cooling, air conditioning, and refrigeration products.
  • Exergyn, a leading technology firm, is on track to mitigate these issues by deploying its unique solid-state cooling technology based on shape memory alloys (SMAs).
  • "We are now producing SMA material with performance factors beyond anything that has been achieved before in the SMA domain," said Exergyn co-founder and CEO Dr. Kevin O'Toole.
  • "Exergyn's solid state refrigerant technology is the kind of breakthrough the Kigali Amendment was intended to create," O'Toole said.

Broad Reach Power Acquired by ENGIE from EnCap Energy Transition and Apollo Funds

Retrieved on: 
Thursday, August 24, 2023
Professional Services, Technology, Utilities, Batteries, Energy, Finance, EnCap, BRP, ERCOT, Electric Reliability Council of Texas, CAISO, GW, Point of sail, Mercuria, Corinne, Sale, Duck Reach Power Station, Wind, Energy transition, Acquisition, Work, ENGIE, Mountain West Conference, Pleasure, Growth, Cryptocurrency, Renewable energy

EnCap Energy Transition today announced that French multinational utility company ENGIE has agreed to acquire the battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I, its co-investment partners Yorktown Partners , Mercuria Energy and Apollo Infrastructure Funds (the “Apollo Funds”) for a total equity value in excess of $1 billion.

Key Points: 
  • EnCap Energy Transition today announced that French multinational utility company ENGIE has agreed to acquire the battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I, its co-investment partners Yorktown Partners , Mercuria Energy and Apollo Infrastructure Funds (the “Apollo Funds”) for a total equity value in excess of $1 billion.
  • Since Broad Reach was founded in 2019 with backing from EnCap Energy Transition, it has become a leading U.S. developer and operator of renewable energy and energy storage power projects in Texas, California and other markets.
  • Apollo Funds acquired a 50% stake in the company and joined the Board in December 2021.
  • Together with EnCap and the Broad Reach Power management team, we’ve built what we believe is the leading and most innovative battery storage IPP in North America.

TechMet closes $200m equity raise to further develop critical minerals operations

Retrieved on: 
Tuesday, August 15, 2023
Momentum, Michael Mullen, DLE, UK Infrastructure Bank, EV, Metal, Face, Nickel, Brian Menell, Energy, Recycling, Cornish Lithium, Mineral group, Paul Ruddock, EVS, DFC, Climate change, Tungsten, Mining, Mercuria, Tin, Legislation, Cryptocurrency, Pharmaceutical industry, Renewable energy, Rare-earth element, Management, Lithium, EU, Q4

TechMet, the global critical minerals investment company backed by the US Development Finance Corporation, closes $200 million fundraising round.

Key Points: 
  • TechMet, the global critical minerals investment company backed by the US Development Finance Corporation, closes $200 million fundraising round.
  • In the last 12 months, TechMet has invested more than $180 million into critical minerals projects around the world.
  • WASHINGTON and LONDON and DUBLIN, Ireland, Aug. 15, 2023 (GLOBE NEWSWIRE) -- TechMet , the leading global critical minerals investment company, has closed its latest $200 million equity fundraising round.
  • Menell added: “Recent US legislation supporting the critical minerals sector, and supply chain investments by major automakers, represent significant steps forward.

Minerva Bunkering Further Expands in the Kingdom of Saudi Arabia

Retrieved on: 
Thursday, August 10, 2023
Ship, Vision 2030, Minerva, King Abdullah Economic City, Multimedia, Mercuria, DWT, Transport, Fuel oil

GENEVA, Aug. 10, 2023 /PRNewswire/ -- Minerva Bunkering has expanded its Saudi Arabia Red Sea operations to serve vessels calling King Abdullah Port, having now performed the first bunker delivery ever conducted in the port.

Key Points: 
  • GENEVA, Aug. 10, 2023 /PRNewswire/ -- Minerva Bunkering has expanded its Saudi Arabia Red Sea operations to serve vessels calling King Abdullah Port, having now performed the first bunker delivery ever conducted in the port.
  • Consistent with this expansion, Minerva has added a third barge, the 6,262 DwT MV Tilos, to its fleet supporting Yanbu, Jeddah, and now King Abdullah ports.
  • Minerva Bunkering is the world's largest physical supplier of marine fuels and related service solutions to ships in port and at sea.
  • Minerva Bunkering is a 100-percent-owned subsidiary of Mercuria Energy Group, one of the largest privately-held energy and commodities companies in the world.