HOA

Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production

Retrieved on: 
Wednesday, April 3, 2024

BEIJING, April 3, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.

Key Points: 
  • BEIJING, April 3, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.
  • The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.
  • Patrick Pouyanné, Chairman and CEO of TotalEnergies expressed enthusiasm about partnering with Sinopec - a major player in the global refining industry - to manufacture SAF in China and establish a sustainable aviation fuel value chain.
  • In 2009, Sinopec successfully developed its bio-jet fuel production technology securing intellectual property rights followed by producing qualified bio-jet fuels for the first time in December 2011.

Sinopec and TotalEnergies Ink Agreement for Sustainable Aviation Fuel Production

Retrieved on: 
Wednesday, April 3, 2024

BEIJING, April 2, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.

Key Points: 
  • BEIJING, April 2, 2024 /PRNewswire/ -- China Petroleum & Chemical Corporation (HKG:0386, "Sinopec") has inked a landmark heads of agreement (HoA) with TotalEnergies in Beijing, embarking on a joint venture to produce sustainable aviation fuel (SAF) from waste oils at one of Sinopec's refineries.
  • The partnership aims to achieve an annual production capacity of 230,000 tons, with the new production line co-operated by both entities.
  • Patrick Pouyanné, Chairman and CEO of TotalEnergies expressed enthusiasm about partnering with Sinopec - a major player in the global refining industry - to manufacture SAF in China and establish a sustainable aviation fuel value chain.
  • In 2009, Sinopec successfully developed its bio-jet fuel production technology securing intellectual property rights followed by producing qualified bio-jet fuels for the first time in December 2011.

CHESAPEAKE ENERGY CORPORATION, DELFIN LNG AND GUNVOR SIGN LONG-TERM LNG LIQUEFACTION OFFTAKE AGREEMENT INDEXED TO JAPAN KOREA MARKER

Retrieved on: 
Tuesday, February 13, 2024

OKLAHOMA CITY, Feb. 13, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, "Chesapeake"), Delfin LNG LLC ("Delfin") and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd ("Gunvor"), today announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements ("SPA") for long-term liquefaction offtake.

Key Points: 
  • OKLAHOMA CITY, Feb. 13, 2024 /PRNewswire/ -- Chesapeake Energy Corporation (NASDAQ: CHK, together with certain of its subsidiaries, collectively, "Chesapeake"), Delfin LNG LLC ("Delfin") and Gunvor Group Ltd, through Gunvor Singapore Pte Ltd ("Gunvor"), today announced the entrance into a liquefied natural gas (LNG) export deal that includes executed Sales and Purchase Agreements ("SPA") for long-term liquefaction offtake.
  • These volumes will represent 0.5 mtpa of the previously announced up to 2 mtpa HOA with Gunvor.
  • We are pleased to formalize our agreement which provides diversification and access to global LNG pricing while enabling the delivery of affordable, reliable, lower carbon energy to markets in need."
  • Dudley Poston, Delfin CEO, said: "We are excited to partner with a premier company like Chesapeake.

Hooters® Paves Way for U.S. Development with Second Generation Real Estate Opportunity + Line of Flexible Store Models

Retrieved on: 
Tuesday, January 23, 2024

ATLANTA, Jan. 23, 2024 /PRNewswire/ -- Hooters®, the original American wing joint, outlines flexible store model options to provide franchise owners with location-specific customizability. The iconic restaurant brand showcases how store model flexibility will play a key role in adapting to various market-dependent real estate options as leadership hones in on U.S. franchise development.

Key Points: 
  • The iconic restaurant brand showcases how store model flexibility will play a key role in adapting to various market-dependent real estate options as leadership hones in on U.S. franchise development .
  • One of the keys to Hooters' growth strategy is the opportunity that lies in second generation real estate.
  • One of the keys to Hooters' growth strategy is the opportunity that lies in second generation real estate.
  • Its kitchen design and position of 'heart of the house' equipment, are only one of the main ingredients to its long-standing formula for success.

Associa’s Top 8 Frequently Asked Questions About Condominium Association Insurance

Retrieved on: 
Thursday, January 11, 2024

Condominium association insurance coverage, also called a Master Condo Policy, is a type of insurance designed to cover the cost of condo property damage, protecting association members against liability.

Key Points: 
  • Condominium association insurance coverage, also called a Master Condo Policy, is a type of insurance designed to cover the cost of condo property damage, protecting association members against liability.
  • The general purpose of condo association insurance is to cover unexpected costs that result from damage, accidents, and injuries in shared spaces.
  • Because a Master Insurance Policy limits financial risk for the association and its members, many governing documents require a form of insurance.
  • Condo association insurance can be more complicated than other types of coverage, so find an agency that specializes in condo association coverage.

Glenfarne Energy Transition’s Texas LNG Announces LNG Tolling Agreement With EQT

Retrieved on: 
Thursday, January 11, 2024

Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services.

Key Points: 
  • Texas LNG Brownsville LLC (“Texas LNG”), a four million tonnes per annum (“MTPA”) liquefied natural gas (“LNG”) export terminal to be constructed in the Port of Brownsville, Texas, a subsidiary of Glenfarne Energy Transition, LLC (“Glenfarne”), has signed a Heads of Agreement (“HOA”) with EQT Corporation (“EQT”) for natural gas liquefaction services.
  • The HOA anticipates the finalization of a definitive 15-year LNG tolling agreement for 0.5 MTPA of LNG from the first train of Texas LNG.
  • “We are proud to welcome EQT as a customer and partner for Texas LNG, with our industry-leading low-emissions facility liquefying US natural gas for global markets,” said Brendan Duval, Glenfarne CEO and Founder.
  • Texas LNG will achieve financial close and begin construction in 2024 commencing commercial operations in late 2027 or early 2028.

Dahua Technology Unveils Video Access Controller for Enhanced Security

Retrieved on: 
Thursday, December 14, 2023

Dahua Technology, a global leader in innovative security solutions, has announced the launch of its state-of-the-art video access controller.

Key Points: 
  • Dahua Technology, a global leader in innovative security solutions, has announced the launch of its state-of-the-art video access controller.
  • This cutting-edge device aims to redefine residential access control systems by incorporating advanced security technology and intuitive user-friendly features, ensuring a new level of security for residential environments.
  • The DHI-ASI8213SA-W video access controller, equipped with the cutting-edge Android 11 operating system, offers a seamless integration platform for third-party applications, delivering an all-encompassing and adaptable security solution.
  • Dahua Technology USA Inc. is a subsidiary of Dahua Technology, which is estimated to be the second largest supplier of video security equipment in the world according to the Omdia 2020 Market Share Database.

CINC Systems Secures Meaningful Strategic Investment From Hg to Accelerate Its Growth as a Premier Software Provider to the Community Association Management Industry

Retrieved on: 
Thursday, December 14, 2023

CINC Systems (“CINC”), a leading cloud-based software company serving the community association management sector, today announced it has secured a strategic growth investment from Hg, a leading investor in European and North American software and services businesses.

Key Points: 
  • CINC Systems (“CINC”), a leading cloud-based software company serving the community association management sector, today announced it has secured a strategic growth investment from Hg, a leading investor in European and North American software and services businesses.
  • CINC is a leading provider of accounting, homeowner management, bank integrations and payments software for the association management industry, comprised of homeowner association (“HOA”) and condominium associations.
  • Bill Blanton, CINC Systems Founder and Chairman, said: “I’m proud that our achievements have attracted the attention of two globally renowned SaaS-specialist investors.
  • Harris Williams is serving as exclusive financial advisor to Hg and Kirkland & Ellis LLP is serving as its legal advisor.

Banc of California Announces Completion of Transformational Merger with PacWest Bancorp and $400 Million Equity Raise

Retrieved on: 
Thursday, November 30, 2023

Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger with PacWest Bancorp (“PacWest”) (Nasdaq: PACW), pursuant to which PacWest has merged into Banc of California, and as of December 1, 2023, Banc of California, N.A.

Key Points: 
  • Banc of California, Inc. (“Banc of California”) (NYSE: BANC) today announced the completion of its transformational merger with PacWest Bancorp (“PacWest”) (Nasdaq: PACW), pursuant to which PacWest has merged into Banc of California, and as of December 1, 2023, Banc of California, N.A.
  • The combined bank will operate under the Banc of California name and brand.
  • Concurrent with the completion of the merger, Banc of California also completed its $400 million equity raise from affiliates of funds managed by Warburg Pincus LLC and certain investment vehicles sponsored, managed or advised by Centerbridge Partners, L.P. and its affiliates.
  • “Today begins a new chapter for Banc of California,” said Jared Wolff, CEO and President of Banc of California.

Energy Transfer Announces a Heads of Agreement With TotalEnergies for Crude Offtake From Its Blue Marlin Offshore Project

Retrieved on: 
Thursday, November 16, 2023

Energy Transfer LP (NYSE: ET) announced today it has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month.

Key Points: 
  • Energy Transfer LP (NYSE: ET) announced today it has entered into a non-binding Heads of Agreement (HOA) with TotalEnergies related to term crude oil offtake from its proposed Blue Marlin Offshore Port for 4 million barrels per month.
  • The HOA is subject to the negotiation and execution of definitive agreements and the satisfaction of other conditions, including Energy Transfer taking a final investment decision.
  • The agreement with TotalEnergies marks an important step in the commercialization of the proposed Blue Marlin Offshore Port and underscores the need for the further development of export capabilities to support the efficient delivery of U.S.-produced energy products globally.