VUL

EQS-News: Appointment of Vulcan Group Chief Financial Officer

Retrieved on: 
Tuesday, January 30, 2024
Poseidon, Carbon, ASX, VUL, CFO, Knowledge, Mining, Commercial, Growth, Fortescue Metals Group, Freedom Fund, Management

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to advise that Ms Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group.

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to advise that Ms Felicity Gooding has been appointed to the role of Group Chief Financial Officer (CFO) for the Vulcan Group.
  • Prior to this, Ms Gooding was the Deputy CEO at the Minderoo Foundation and Chief Operating Officer and CFO of both the Minderoo Foundation and Tatterang, Andrew and Nicola Forrest’s private family office and investment vehicle.
  • She has significant director experience, having served on the boards of Poseidon Nickel, the Freedom Fund, Impact Minerals Limited, and Zhero BV1, among others.
  • Ms Gooding is also a fellow of the Australian Institute of Chartered Accountants and a member of the Australian Institute of Company Directors.

Penn Mutual offers more choice with Accumulation Variable Universal Life

Retrieved on: 
Tuesday, January 16, 2024
Growth, Accumulation, S&P, Vanguard, Penn Mutual, VUL, Fortune 1000, Life insurance

HORSHAM, Pa., Jan. 16, 2024 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced the addition of Accumulation Variable Universal Life (VUL) to its life product portfolio. Issued through Penn Mutual's wholly owned subsidiary, The Penn Insurance and Annuity Company, Accumulation VUL offers a diverse selection of accumulation options, including lower-fee investment options managed by Vanguard — one of the nation's most well-known investment management companies — and indexed fixed accounts tied to the S&P 500® Index.

Key Points: 
  • HORSHAM, Pa., Jan. 16, 2024 /PRNewswire/ -- The Penn Mutual Life Insurance Company (Penn Mutual), a Fortune 1000 company, has announced the addition of Accumulation Variable Universal Life (VUL) to its life product portfolio.
  • Issued through Penn Mutual's wholly owned subsidiary, The Penn Insurance and Annuity Company, Accumulation VUL offers a diverse selection of accumulation options, including lower-fee investment options managed by Vanguard — one of the nation's most well-known investment management companies — and indexed fixed accounts tied to the S&P 500® Index.
  • "In addition to providing permanent death benefit protection, Accumulation VUL has built-in diversity and flexibility that lets clients choose from a wide range of accumulation options based on their evolving needs or market conditions," said Jacqueline Fallon, vice president of product management at Penn Mutual.
  • Adding Accumulation VUL to our life portfolio helps solidify our position as a go-to variable universal life provider."

EQS-News: Reduced CAPEX for Zero Carbon Lithium™ Project: Bridging Study

Retrieved on: 
Thursday, December 14, 2023
Carbon, Lithium, Heat, Bev, Geothermal energy, NPV, Electric vehicle, CapeNature, Acquisition, EPC, Tier 1, VUL, CAPEX, FDP, RISK, Policy, Employment, FSE, LCE, LHM, Feed-in tariff, Security (finance), Renewable energy, Recycling, Pharmaceutical industry, Fine chemical, Environmental remediation

Reduced CAPEX for Zero Carbon Lithium™ Project: Bridging Study

Key Points: 
  • Reduced CAPEX for Zero Carbon Lithium™ Project: Bridging Study
    The issuer is solely responsible for the content of this announcement.
  • Reduced CAPEX for Zero Carbon Lithium™ Project:
    First integrated renewable geothermal energy, and lithium hydroxide producer with net zero greenhouse gas emissions.
  • Securing Europe’s lithium supply chain
    Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company) is pleased to announce the results of its Bridging Engineering Study for Phase One of Vulcan’s Zero Carbon Lithium™ Project.
  • REDUCED RISK: Streamlining into one core production area that is already commercially producing brine, with increased lithium reserves.

EQS-News: Environmental and Social Impact Assessment completed for Phase One ZERO CARBON LITHIUM™ Project

Retrieved on: 
Thursday, December 14, 2023
Carbon, Storm, Heat, ERM, Research, Lithium, New Source Performance Standards, Sustainability, ASX, Lead, International Finance Corporation, ZERO, Equator Principles, VUL, Project, ESIA, Biophysical environment, Social impact assessment, Phase 1, EP4, FSE, Risk management, Renewable energy

Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) announces that its Environmental and Social Impact Assessment (ESIA) for Phase One of its Zero Carbon Lithium™ Project (Project) has been completed by ERM.

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan, ASX: VUL, FSE: VUL, the Company) announces that its Environmental and Social Impact Assessment (ESIA) for Phase One of its Zero Carbon Lithium™ Project (Project) has been completed by ERM.
  • Vulcan is advancing Phase One of its ZERO CARBON LITHIUM™ Project: the first integrated project delivering renewable energy and lithium, from Europe for Europe.
  • Key outcomes of the ESIA report:
    The environmental and social baseline, impact assessment, and cumulative impact assessment completed by ERM is in line with lenders’ requirements to ensure a level of environmental performance prior to the furnishing of debt finance, e.g.
  • Vulcan’s ESG Lead, Storm Taylor, commented: “The completion of the Environmental and Social Impact Assessment marks a significant milestone in the advancement of our Zero Carbon Lithium™ Project.

EQS-News: Vulcan Energy Resources Limited: A$200 million Letter of Support received from Export Finance Australia

Retrieved on: 
Thursday, October 26, 2023
Carbon, ASX, EDC, Phase 1, VUL, ECA, European Commission, EFA, Civil service commission, Mineral, FSE, SACE, Letter, Renewable energy, Support, EU

Vulcan Energy Resources Ltd.  (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce that it has received a conditional, non-binding Letter of Support from Export Finance Australia (EFA) for up to $200 million (~€120 million) for the upcoming financing of Phase One of Vulcan’s Zero Carbon Lithium™ Project.

Key Points: 
  • Vulcan Energy Resources Ltd.  (Vulcan, ASX: VUL, FSE: VUL, the Company) is pleased to announce that it has received a conditional, non-binding Letter of Support from Export Finance Australia (EFA) for up to $200 million (~€120 million) for the upcoming financing of Phase One of Vulcan’s Zero Carbon Lithium™ Project.
  • Following a successful market sounding period, Phase One project level debt and strategic equity financing is formally due to commence in mid-November, after completion of the Bridging Study.
  • Vulcan’s Phase One financing process start is also timed to coincide with public funding applications in Germany.
  • Vulcan has already secured substantial in-principle government-backed ECA support, subject to customary conditions, from Bpifrance Assurance Export, the French ECA, SACE, the Italian ECA, and EDC, the Canadian ECA.

Protective Life Insurance Company Receives Favorable Private Letter Ruling on Advisory VUL Offering

Retrieved on: 
Tuesday, October 24, 2023
Professional Services, Insurance, Finance, Dai, Policy, VUL, IRS, RIA, RIAS, SVP, PLR, Internal Revenue Service, Business development, Protection, Private, Average revenue per user, Nashville, Tennessee, Registered investment adviser, Universal Life, Dai-ichi, 14th Railway Facilities Protection Division NKVD, Financial adviser

Protective Life Insurance Company (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces the Private Letter Ruling (PLR) from the Internal Revenue Service (IRS) related to Protective’s fee-based advisory Variable Universal Life (VUL) offering.

Key Points: 
  • Protective Life Insurance Company (Protective), a subsidiary of Dai-ichi Life Holdings, Inc. (Dai-ichi, TSE:8750), announces the Private Letter Ruling (PLR) from the Internal Revenue Service (IRS) related to Protective’s fee-based advisory Variable Universal Life (VUL) offering.
  • This ruling, an industry first for a life insurance product, was issued on July 17, 2023, by the IRS regarding Protective’s Investors Benefit Advisory VUL offering.
  • “Having the first PLR issued for an advisory VUL offering shows Protective’s commitment to being an industry leader in fee-based insurance for Registered Investment Advisors (RIA),” said Chad Nulty, VP of Business Development for Protective’s RIA Insurance.
  • The Protective Investors Benefit Advisory VUL offering is issued by Protective (Nashville, Tenn.) in all states except New York on policy form ICC19-V15 and state variations thereof.

EQS-News: Vulcan Energy Resources Limited: Vulcan granted new licence for expansion into Frankfurt

Retrieved on: 
Monday, September 25, 2023
Lithium, Carbon, Vulcan Energy Resources, Hessian Ministry of Economics, Energy, Transport and Housing, Heat, LIAG, Frankfurt Airport, VUL, FSE, Research, German Federation of Consumer Organisations v Planet49 GmbH, LEA, Coal, CLP, Federation, City, Leibniz Association, Renewable energy, Buntsandstein, Economics

The Luftbrücke license, in the Frankfurt region, includes a number of large industrial areas including the Höchst Chemical Park, and Frankfurt Airport, which are all heavy energy consumers requiring large quantities of renewable energy and heating solutions.

Key Points: 
  • The Luftbrücke license, in the Frankfurt region, includes a number of large industrial areas including the Höchst Chemical Park, and Frankfurt Airport, which are all heavy energy consumers requiring large quantities of renewable energy and heating solutions.
  • It is also very carbon intensive, with almost 80% fossil energy sources, mainly gas and coal.
  • Given Frankfurt’s high heat demand, there is a significant commercial and decarbonisation opportunity for Vulcan Energy via geothermal renewable energy development in Luftbrücke.
  • “This new licence signifies a major future phase opportunity for Vulcan as a dual lithium and geothermal energy producer,” said Managing Director and CEO Cris Moreno.

EQS-News: Vulcan Energy Resources Limited: Commissioning start at Lithium Extraction Optimisation Plant

Retrieved on: 
Tuesday, August 22, 2023
Carbon, Umicore, DLE, EV, LEOP, LG Energy Solution, VUL, FSE, Lithium chloride, Volkswagen, Adsorption, Water, Renault, Lithium

Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company), the renewable energy producer and carbon neutral lithium developer, has commenced commissioning at its Lithium Extraction Optimisation Plant (LEOP).

Key Points: 
  • Vulcan Energy Resources Limited (Vulcan; ASX: VUL, FSE: VUL, the Company), the renewable energy producer and carbon neutral lithium developer, has commenced commissioning at its Lithium Extraction Optimisation Plant (LEOP).
  • Vulcan has commenced commissioning of its Lithium Extraction Optimisation Plant (LEOP), for the purpose of extraction, purification, and concentration of lithium chloride from brine in the Upper Rhine Valley in Germany.
  • The commissioning phase for LEOP is expected to run until October, when first brine will be introduced into the plant for the lithium extraction process to begin.
  • Once the lithium chloride is produced, it will be transported to Vulcan’s downstream Central Lithium Electrolyser Optimisation Plant (CLEOP) in Frankfurt-Höchst where the lithium chloride will be converted into lithium hydroxide, which will be tested by Vulcan’s lithium offtake partners, Stellantis, Volkswagen, Renault, Umicore and LG Energy Solution.

Verve Industrial Protection Added to the Department of Homeland Security Continuous Diagnostics and Mitigation Approved Products List with Distinction Following Independent, Third-Party Evaluation

Retrieved on: 
Wednesday, August 2, 2023
APL, Computer security, DHS, Cybersecurity and Infrastructure Security Agency, CISA, VUL, Organization, CDM, Software asset management, Verve, Vulnerability management, CSM, United States Secretary of Homeland Security, Federation, Safety, Medical device, Risk management

CHICAGO, Aug. 2, 2023 /PRNewswire/ -- Verve Industrial Protection, a leading endpoint management platform for operational technology and industrial control systems (OT/ICS) cybersecurity, announced it has been added to the Department of Homeland Security (DHS) Continuous Diagnostics and Mitigation (CDM) Program's Approved Products List (APL).

Key Points: 
  • CHICAGO, Aug. 2, 2023 /PRNewswire/ -- Verve Industrial Protection, a leading endpoint management platform for operational technology and industrial control systems (OT/ICS) cybersecurity, announced it has been added to the Department of Homeland Security (DHS) Continuous Diagnostics and Mitigation (CDM) Program's Approved Products List (APL).
  • Furthermore, Verve stands out as a unique and distinguished OT cybersecurity vendor on the CDM APL, having validated its CDM capabilities through a third-party evaluation.
  • The DHS CDM Program, overseen by the Cybersecurity and Infrastructure Security Agency (CISA), is vital in securing federal government networks and systems.
  • We strive to outperform industry standards, offering solid protection for critical infrastructure," said John Livingston, CEO of Verve Industrial.

EQS-News: Vulcan Energy Resources Limited: Positive local development and permitting progress towards delivery of Phase One of Vulcan’s Zero Carbon Lithium™ Project

Retrieved on: 
Thursday, July 13, 2023
Lithium, Carbon, Hoechst, Communication, State, Lord, Life, VUL, FSE, CDO, CLP, City, Phase 1, Water, LEP, Commercial property

The G-LEP construction is planned as part of Phase One of Vulcan’s Zero Carbon Lithium™ Project in the Upper Rhine Valley Brine Field.

Key Points: 
  • The G-LEP construction is planned as part of Phase One of Vulcan’s Zero Carbon Lithium™ Project in the Upper Rhine Valley Brine Field.
  • Vulcan plans to extract carbon neutral lithium and supply carbon neutral, renewable heat to the city, as part of its Phase One development.
  • We have worked closely with local stakeholders to progress our Zero Carbon Lithium™ Project plans.
  • Our hard work is paying off, with positive decisions for the Project provided by the Landau City Council and the surrounding planned Phase One project locations.