CCPS

Michael J. Graff of Air Liquide Announced as Vice Chair of AIChE Foundation

Retrieved on: 
Tuesday, February 27, 2024

NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The American Institute of Chemical Engineers (AIChE®) has announced the selection of Michael (Mike) J. Graff, Chairman and CEO of American Air Liquide Inc., and Executive Vice President of Air Liquide Group, as Vice Chair of the AIChE Foundation Board of Trustees.

Key Points: 
  • NEW YORK, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The American Institute of Chemical Engineers (AIChE®) has announced the selection of Michael (Mike) J. Graff, Chairman and CEO of American Air Liquide Inc., and Executive Vice President of Air Liquide Group, as Vice Chair of the AIChE Foundation Board of Trustees.
  • Graff joins a team led by Jennifer Sinclair Curtis, Distinguished Professor of Chemical Engineering at the University of California, Davis.
  • Graff began his term as Vice Chair in January 2024, and he will succeed Curtis as Foundation Chair in 2026.
  • For more information about the AIChE Foundation and its projects, visit www.aiche.org/giving.

Clayton County Public Schools to Offer Cignition's Home-Based, High-Dosage Tutoring to Students at C.L.A.S.S. Act Tutoring Registration Fair on February 24, 10:00 a.m.

Retrieved on: 
Friday, February 23, 2024

PORTOLA VALLEY, Calif., Feb. 23, 2024 /PRNewswire-PRWeb/ -- Cignition, a K-12 virtual tutoring provider, today announced the availability of home-based high-impact tutoring to all of Georgia's Clayton County Public School (CCPS) students through the Comprehensive Learning & Academic Support for Success Act (C.L.A.S.S.) Tutoring Registration Fair.

Key Points: 
  • Act Tutoring Program Vendor fair will take place on Saturday, February 24, from 10:00 am to 12 noon, at Drew High School, 6237 Garden Walk Blvd., Riverdale, Ga. Parents who attend the C.L.A.S.S.
  • Tutoring Registration Fair can meet with a member of Cignition's program management team to learn more about virtual high-impact tutoring.
  • Interested parents should contact their designated liaison at their student's school for additional information or to sign up.
  • Individual households with a CCPS student are entitled to $1,000 worth of tutoring services through the program per student.

Your Life ABA, a New Story company, Designated Behavioral Analyst Consulting Vendor for Calver County, Maryland Public Schools

Retrieved on: 
Tuesday, July 11, 2023

This expansion comes after being designated a qualified contractor by the Board of Education of Calvert County to deliver behavior analyst consulting services to students with disabilities in Calvert County Public Schools (CCPS).

Key Points: 
  • This expansion comes after being designated a qualified contractor by the Board of Education of Calvert County to deliver behavior analyst consulting services to students with disabilities in Calvert County Public Schools (CCPS).
  • At Your Life ABA, our unwavering dedication lies in delivering tailored and targeted interventions, founded in ABA Therapy.
  • Your Life ABA is a part of the New Story network of schools, clinics, and services.
  • This designation marks an exciting opportunity to provide behavioral analyst support to students in Calvert County, Maryland.

Maryland's Charles County Public Schools Select Omnilert AI Visual Gun Detection Technology to Keep Students and Staff Safe

Retrieved on: 
Wednesday, March 15, 2023

LEESBURG, Va., March 15, 2023 /PRNewswire/ --  Omnilert, a leader in active shooter and emergency notification solutions, today announced that the Charles County Public Schools (CCPS) in Maryland have selected its active shooter solution to monitor external cameras throughout its campuses. As the industry's only visual gun detection technology to feature a proven emergency notification system (ENS), the Omnilert solution is the most effective system available today - providing 24/7 monitoring with a near-instant response at the first sight of a gun to ensure the best possible outcomes.

Key Points: 
  • CCPS is home to 27,598 students located across 22 elementary and 9 middle schools, 7 high schools, and 5 education centers.
  • We are proud to see CCPS taking a leadership position in protecting their students and staff and setting an example for other schools."
  • Omnilert Gun Detect is an advanced AI software that detects handguns and long guns in a vast array of environments.
  • This demo lets users see the power and potential of Gun Detect using their computer's webcam and a real or real-looking toy gun.

aeSolutions to Present and Exhibit at AIChE 2023 Spring Meeting and 19th Global Congress on Process Safety

Retrieved on: 
Friday, March 3, 2023

aeSolutions , a consulting, engineering and systems integration company that provides industrial process safety and automation products and services, today announced that the company will be presenting and exhibiting at the AIChE 2023 Spring Meeting and 19th Global Congress on Process Safety (GCPS) .

Key Points: 
  • aeSolutions , a consulting, engineering and systems integration company that provides industrial process safety and automation products and services, today announced that the company will be presenting and exhibiting at the AIChE 2023 Spring Meeting and 19th Global Congress on Process Safety (GCPS) .
  • The conference will be held at the George R. Brown Convention Center at the Hilton of the Americas in Houston, Texas from March 12th to 15th, 2023.
  • The annual AIChE Spring Meeting and GCPS is the key technical conference for practicing chemical and process safety engineers, and covers the industry's critical needs more broadly and in-depth than any other industry conference.
  • Additionally, the company announced that Don Connolley, CSP, Process Safety Group Manager at aeSolutions, is Vice-Chair of the Center for Chemical Process Safety (CCPS) International Conference for the 2023 GCPS.

Cboe Clear Europe Receives Permanent Recognition as a non-UK Central Counterparty

Retrieved on: 
Thursday, January 12, 2023

AMSTERDAM and LONDON, Jan. 12, 2023 /PRNewswire/ -- Cboe Global Markets Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, has received permanent recognition by the Bank of England to operate as a central counterparty (CCP) in the UK.

Key Points: 
  • AMSTERDAM and LONDON, Jan. 12, 2023 /PRNewswire/ -- Cboe Global Markets Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, has received permanent recognition by the Bank of England to operate as a central counterparty (CCP) in the UK.
  • Arnoud Siegmann, Interim President and Chief Operating Officer, Cboe Clear Europe, said: "We are delighted to announce the removal of Brexit uncertainty for UK-based clearing members and UK trading venues that wish to continue to access Cboe Clear Europe and benefit from its services on a permanent basis.
  • Cboe Clear Europe, which is an EU-authorised CCP under the European Market Infrastructure Regulation (EMIR), is the first non-UK CCP to achieve permanent recognition by the Bank of England.
  • Cboe Clear Europe operates as an independent subsidiary of the Cboe group, retaining a separate governance structure and management team.

Cboe Clear Europe Receives Permanent Recognition as a non-UK Central Counterparty

Retrieved on: 
Thursday, January 12, 2023

AMSTERDAM and LONDON, Jan. 12, 2023 /PRNewswire/ -- Cboe Global Markets Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, has received permanent recognition by the Bank of England to operate as a central counterparty (CCP) in the UK.

Key Points: 
  • AMSTERDAM and LONDON, Jan. 12, 2023 /PRNewswire/ -- Cboe Global Markets Inc. (Cboe: CBOE), a leading provider of global market infrastructure and tradable products, today announced that Cboe Clear Europe, its Amsterdam-based clearing house, has received permanent recognition by the Bank of England to operate as a central counterparty (CCP) in the UK.
  • Arnoud Siegmann, Interim President and Chief Operating Officer, Cboe Clear Europe, said: "We are delighted to announce the removal of Brexit uncertainty for UK-based clearing members and UK trading venues that wish to continue to access Cboe Clear Europe and benefit from its services on a permanent basis.
  • Cboe Clear Europe, which is an EU-authorised CCP under the European Market Infrastructure Regulation (EMIR), is the first non-UK CCP to achieve permanent recognition by the Bank of England.
  • Cboe Clear Europe operates as an independent subsidiary of the Cboe group, retaining a separate governance structure and management team.

Mitsubishi Power to Upgrade Two Gas Turbines at Tuas Power to Achieve 16.9 kilo-tonnes of Carbon Emissions Reduction Annually

Retrieved on: 
Wednesday, November 30, 2022

- Upgrade of two 360MW GTCC power plants can cut CO2 emissions by 16.9 kilo-tonnes annually, with work scheduled for completion in 2023.

Key Points: 
  • - Upgrade of two 360MW GTCC power plants can cut CO2 emissions by 16.9 kilo-tonnes annually, with work scheduled for completion in 2023.
  • TOKYO, Nov 30, 2022 - (JCN Newswire) - Mitsubishi Power, a power solutions brand of Mitsubishi Heavy Industries, Ltd. (MHI), has received a contract from Tuas Power Generation Pte.
  • Ltd., a major power company in Singapore, for upgrades to two of the four M701F gas turbines (CCP3 and CCP4) in its gas turbine combined cycle (GTCC) power generation facility.
  • Since 2001, Mitsubishi Power had supplied four gas turbines to Tuas Power, each with a rated output of 360 megawatts (MW).

Financial stability risks from energy derivatives markets

Retrieved on: 
Saturday, November 26, 2022

= Financial stability risks from energy derivatives markets =

Key Points: 
  • = Financial stability risks from energy derivatives markets =
    Published as part of the Financial Stability Review, November 2022.
  • Energy sector firms use energy derivatives under different strategies, depending on their main area of activity, business model and exposure to risk in physical markets.
  • The significant volatility and a surge in prices seen in energy markets since March 2022 have resulted in large margin calls, generating liquidity risks for derivatives users.
  • European energy prices and stylised representation of players active in the physical energy market

    Sources: Bloomberg Finance L.P. and ECB staff calculations.

  • The extreme price movements over recent months highlight the importance of energy derivatives markets for hedging risks in the energy sector, as well as some of the pressures that can arise in these markets.
  • This special feature provides an overview of the European energy derivatives market, with a focus on natural gas and power.
  • It analyses the impact of extreme energy prices on the structure of energy markets, the liquidity stress faced by entities with the largest exposures to market risk and the risks that their vulnerabilities may pose to their counterparties in derivatives and credit markets.
  • Energy sector companies are key users of energy derivatives, and the number of firms active in the market has increased in 2022.
  • Of the 1,700 firms active in the euro area energy derivatives market between September 2021 and October 2022, a quarter belong to the energy production chain, meaning they are extracting oil and gas or distributing energy.
  • On average, the number of firms active in energy derivatives increased by 30% between January and September 2022.
  • Most positions belong to a few large utilities or energy companies which use derivatives to hedge their operations against market risk.
  • [5] Such a high concentration of positions might raise financial stability concerns, as it increases the risk of disorderly market functioning.
  • [6] In general, energy derivatives require relatively high margining, reflecting the generally large volatility of energy prices.
  • Overview of direct and indirect risks from increased volatility in energy markets and gross exposures in energy derivatives per market segment

    Sources: EMIR data and authors calculations.

  • Commodity swaps traded in OTC markets can partially mitigate energy firms liquidity needs as margins are lower for bilaterally cleared trades.
  • A more significant shift by utilities and energy firms towards the OTC space would imply greater risks for counterparties and the financial system.
  • Some firms trading energy derivatives are relying on bank credit to deal with the consequences of rising energy costs.
  • Overall, this evidence might signal energy firms needs to finance inflated working capital, precautionary inventories and high liquidity demand on energy spot and derivatives markets ( Chart A.7, panel a).
  • A quarter of energy firms deal with the same set of banks for obtaining credit and client-clearing services for derivatives.

EuroCCP Rebranded to Cboe Clear Europe

Retrieved on: 
Monday, November 14, 2022

Cboe Clear Europe remains committed to an open-access approach to its clearing services, by continuing to serve multiple exchanges and venues

Key Points: 
  • Cboe Clear Europe remains committed to an open-access approach to its clearing services, by continuing to serve multiple exchanges and venues
    AMSTERDAM and LONDON, Nov. 14, 2022 /PRNewswire/ -- EuroCCP, a leading pan-European clearing house and subsidiary of CboeGlobal Markets, Inc. (Cboe: CBOE), today announced it has rebranded to Cboe Clear Europe with immediate effect.
  • Cboe Clear Europe has also successfully diversified into equity derivatives clearing in support of Cboe Europe Derivatives (CEDX), Cboe's pan-European derivatives exchange which launched in September 2021.
  • Cboe Clear Europe will continue to operate as an independent subsidiary of the Cboe group, retaining a separate governance structure and management team.
  • Cboe Clear Europe is the most connected CCP in Europe - offering clearing services to 47 trading venues - and is approved to clear cash equities, depositary receipts, ETFs and equity derivatives (index futures and options).