CCS

LSB Industries, Inc. Reports Operating Results for the 2023 Fourth Quarter and Provides Product Sales Volume Outlook for 2024

Retrieved on: 
Tuesday, March 5, 2024
Sustainability, Environment, Climate Change, Chemicals, Plastics, Maritime, Green Technology, Transport, Manufacturing, Dorado, Engineering, LSB, Nitric acid, Investment, Mining, Farmer, Carbon, INPEX, Safety, CCS, Metal, UAN, CO2, Air Liquide, KBR, Fertilizer

LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the fourth quarter ended December 31, 2023.

Key Points: 
  • LSB Industries, Inc. (NYSE: LXU) (“LSB” or the “Company”) today announced results for the fourth quarter ended December 31, 2023.
  • Total cash and short-term investments of approximately $306 million as of December 31, 2023
    This is a Non-GAAP measure.
  • “Our fourth quarter results were consistent with our expectations," stated Mark Behrman, LSB Industries’ President and CEO.
  • Our fourth quarter results benefited from increased production and sales volumes of downstream products reflecting improved manufacturing operations.”
    "Our continued focus on safety resulted in a TRIR of 0.33 for the year representing 'world class' performance.

CommScope Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Thursday, February 29, 2024
Data Management, Technology, Mobile, Wireless, Telecommunications, Networks, Hardware, Home, CCS, EPS, CommScope, GAAP, NICS, ANS, Pressure, OWN, Investment, Pharmaceutical industry

“For the fourth quarter, CommScope reported consolidated net sales of $1.186 billion, a decrease of 38% from the prior year, driven by declines in all of the segments.

Key Points: 
  • “For the fourth quarter, CommScope reported consolidated net sales of $1.186 billion, a decrease of 38% from the prior year, driven by declines in all of the segments.
  • As previously announced, in the fourth quarter of 2023, CommScope entered into an agreement with Vantiva SA to divest of its Home business.
  • Non-GAAP adjusted net income (loss) for the fourth quarter of 2023 was $(3.9) million, or $(0.02) per share, versus $138.1 million, or $0.55 per share, in the fourth quarter of 2022.
  • Non-GAAP adjusted EBITDA decreased 49.2% to $190.7 million in the fourth quarter of 2023 compared to the same period last year.

Carbon TerraVault Provides 2023 Update

Retrieved on: 
Tuesday, February 27, 2024
Other Energy, Utilities, Environment, Oil, Gas, Alternative Energy, Energy, Climate Change, Carbon, Engineering, DAC, MMT, Inglewood Oil Field, Carbon dioxide, Research, Class, FEED, Natural gas, CRC, Government, Golden State, CCS, CDMA, Climate change, Mergers and acquisitions, CTV, California Resources Corporation, CO2, EPA, Primary energy, Economics, EIR, Aera Energy, DOE, Comment, South Belridge Oil Field, Renewable energy

Carbon TerraVault (CTV) today provided an update on its 2023 operations.

Key Points: 
  • Carbon TerraVault (CTV) today provided an update on its 2023 operations.
  • California Resources Corporation (NYSE: CRC) conducts its carbon management business through Carbon TerraVault which pursues carbon capture and sequestration projects that are directly sited or within close proximity to significant sources of carbon dioxide (CO2) emissions in California.
  • “During 2023, our team meaningfully advanced the expansion of our carbon management business by announcing new Carbon Dioxide Management Agreements (CDMAs)1, submitting new permits to the EPA and attracting new greenfield project capital to California,” said Francisco Leon, CRC’s President and Chief Executive Officer.
  • The CDMA provides a path for the parties to reach final definitive documents and final investment decision.

Rayonier Announces Additional Pore Space Lease Agreements with ExxonMobil

Retrieved on: 
Wednesday, February 21, 2024
REIT, Natural Resources, Other Construction & Property, Construction & Property, Forest Products, Carbon, CCS, Carbon dioxide, ExxonMobil, CO2, RYN

Rayonier (NYSE:RYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States.

Key Points: 
  • Rayonier (NYSE:RYN) today announced that it has entered into additional underground pore space lease agreements with ExxonMobil covering approximately 33,000 acres of timberlands in the United States.
  • These leases increase Rayonier’s total acres under pore space lease agreements with ExxonMobil to approximately 59,000 acres.
  • ExxonMobil owns and operates the largest carbon dioxide (CO2) pipeline network in the United States, enabling a cost-efficient transportation system that accelerates carbon capture and storage (CCS) deployment for both ExxonMobil and third-party customers.
  • “We are pleased to have this relationship with ExxonMobil, the leader in carbon capture and storage in the US.

Mavenir Selected to Deliver Converged Charging System for Aruba’s National Telecom Provider SETAR

Retrieved on: 
Tuesday, February 20, 2024
5G, Telecommunications, Software, Networks, Internet, Data Management, Technology, Mobile, Wireless, Senior, MDE, CCS, Converge, Computer network, TM Forum, Telecom

Mavenir, the Network Software Provider building the future of networks with cloud-native solutions that run on any cloud, today announces that it has been selected to deliver a complete Converged Charging System (CCS) transformation for Aruba’s national telecom provider, SETAR, leveraging Mavenir’s Digital Enablement (MDE) platform.

Key Points: 
  • Mavenir, the Network Software Provider building the future of networks with cloud-native solutions that run on any cloud, today announces that it has been selected to deliver a complete Converged Charging System (CCS) transformation for Aruba’s national telecom provider, SETAR, leveraging Mavenir’s Digital Enablement (MDE) platform.
  • The new CCS will be hosted in Aruba and serve both SETAR as well as Telbo, Bonaire’s leading Telecom provider, using a multi-tenancy architecture.
  • SETAR turned to long-term partner Mavenir and its proven digital transformation capabilities to perform its Charging System transformation, which will involve migrating SETAR’s existing Mavenir-supplied charging system to the latest MDE CCS system.
  • The modern, TM Forum-based solution offers improved time-to-market and a simplified architecture with convergence of prepaid and postpaid charging in the same system.

Global Hydrogen Hubs Market Forecast to 2030: Increased Focus on Green and Clean Energy Solutions to Drive Market Growth

Retrieved on: 
Thursday, March 7, 2024
Hydrogen, Oxygen, Liquid hydrogen, Ship, USD, Steam, Automotive industry, Natural gas, Transport, Growth, SMR, Carbon, CCS, MEA, Car

The hydrogen hub market is witnessing substantial growth driven by the emergence of vertically integrated hydrogen infrastructure.

Key Points: 
  • The hydrogen hub market is witnessing substantial growth driven by the emergence of vertically integrated hydrogen infrastructure.
  • Increased spending on hydrogen infrastructure further fuels market expansion, positioning hydrogen hubs as pivotal players in the evolving landscape of clean energy solutions.
  • Based on industry, the hydrogen hubs market is segmented into automotive, aviation, marine, and others, which includes defense and space.
  • Based on end use form, liquid hydrogen and fuel cells are the primary products that hydrogen hubs are expected to produce as more hydrogen hubs are developed
    Based in end-use, hydrogen hubs market are segmented into liquid hydrogen and hydrogen fuel cells, which are the primary products from these hubs.

Century Communities Announces CFO Transition

Retrieved on: 
Monday, March 4, 2024
CFO, Interim management, Certified Public Accountant, University, Assistant, Pleasure, Interim, Senior, CCS, Accounting, Financial management, Management

GREENWOOD VILLAGE, Colo., March 4, 2024 /PRNewswire/ -- Century Communities, Inc. (NYSE: CCS), one of the nation's largest homebuilders, announced today that David L. Messenger, the Company's current Chief Financial Officer, is stepping down effective March 22, 2024 after 10 years with the Company to pursue other opportunities. Following Mr. Messenger's departure, J. Scott Dixon, the Company's current Assistant Chief Financial Officer, will assume the role of Interim Chief Financial Officer until a permanent successor is appointed.

Key Points: 
  • The Century Board of Directors has initiated a search process to identify the Company's next CFO and expects to evaluate both internal and external candidates for the role.
  • "I also want to thank Scott for stepping into the interim CFO role and providing a seamless transition.
  • Mr. Dixon has been with Century for over 10 years and was promoted to Assistant Chief Financial Officer in May 2022.
  • We look forward to working closely with Scott as he assumes the CFO role on an interim basis."

Covestro publishes climate neutrality targets for scope 3 emissions

Retrieved on: 
Thursday, February 29, 2024
MAKE, Sustainability, Innovation, Intelligence, Investment, Greenhouse, Carbon accounting, Sale, Carbon, CCS, Climate, CQ, Plastic, Chemical industry, Recycling, Renewable energy

Reduction of 10 million metric tons of greenhouse gases produced in upstream and downstream supply chains (scope 3) by 2035, climate neutrality for scope 3 by 2050

Key Points: 
  • Reduction of 10 million metric tons of greenhouse gases produced in upstream and downstream supply chains (scope 3) by 2035, climate neutrality for scope 3 by 2050
    Concrete plan for implementation to reduce emissions, transformation along the entire supply chain required
    LEVERKUSEN, Germany, Feb. 29, 2024 /PRNewswire/ -- Covestro has published its climate neutrality targets for scope 3 emissions, completing its climate strategy for reducing greenhouse gas emissions.
  • Covestro previously published ambitious targets for scope 1 and scope 2 emissions in 2022, which included achieving operational climate neutrality by 2035.
  • Scope 1 emissions come from Covestro's own production processes, while scope 2 emissions result from purchased energy sources.
  • Covestro's scope 3 climate neutrality targets are an important part of this and will be implemented alongside customers and suppliers.

Weyerhaeuser and Lapis Energy Announce Carbon Sequestration Exploration Agreement

Retrieved on: 
Tuesday, February 27, 2024
CCS, Lapis lazuli, CO2, Carbon, Renewable energy

SEATTLE, Feb. 27, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) and Lapis Energy LP ("Lapis") announced today the execution of an exclusive exploration agreement for subsurface carbon dioxide sequestration in Arkansas, Louisiana and Mississippi. The agreement covers 187,500 acres of subsurface rights owned by Weyerhaeuser and spans five potential sequestration sites, including two locations that were previously identified by Weyerhaeuser as prospective opportunities for carbon capture and sequestration (CCS) development.

Key Points: 
  • Exclusive two-year agreement covers 187,500 acres across Arkansas, Louisiana and Mississippi
    SEATTLE, Feb. 27, 2024 /PRNewswire/ -- Weyerhaeuser Company (NYSE: WY) and Lapis Energy LP ("Lapis") announced today the execution of an exclusive exploration agreement for subsurface carbon dioxide sequestration in Arkansas, Louisiana and Mississippi.
  • The agreement covers 187,500 acres of subsurface rights owned by Weyerhaeuser and spans five potential sequestration sites, including two locations that were previously identified by Weyerhaeuser as prospective opportunities for carbon capture and sequestration (CCS) development.
  • Under the exclusive two-year agreement, Lapis will determine the sequestration potential of each site.
  • "Lapis looks forward to developing these carbon sequestration sites with Weyerhaeuser to provide solutions for regional industrial customers.

Aker Carbon Capture awarded milestone project in the United States

Retrieved on: 
Tuesday, February 27, 2024
Carbon, Just, Economic development, Sale, CCS, CO2, JPMorgan Chase, Renewable energy

OSLO, Norway, Feb. 27, 2024 /PRNewswire/ -- CO280 Solutions and a leading pulp and paper company have awarded a carbon capture test campaign to Aker Carbon Capture for an undisclosed site on the Gulf Coast in the US.

Key Points: 
  • OSLO, Norway, Feb. 27, 2024 /PRNewswire/ -- CO280 Solutions and a leading pulp and paper company have awarded a carbon capture test campaign to Aker Carbon Capture for an undisclosed site on the Gulf Coast in the US.
  • Aker Carbon Capture has extensive testing experience, with more than 60,000 operational hours worldwide on multiple industrial flue gases.
  • Aker Carbon Capture is already enabling the creation of high-quality carbon removal credits through its delivery to Ørsted Kalundborg Hub.
  • Aker Carbon Capture's Just Catch™ modular offering is a standardized product that enables the pre-fabrication of carbon capture units.