Framework agreement

Petrofac Limited: PETROFAC AND HITACHI ENERGY ANNOUNCE SECOND PROJECT IN SUPPORT OF TENNET’S 2GW PROGRAMME

Retrieved on: 
Saturday, December 30, 2023

The project is to be executed under a standalone contract, with Petrofac’s portion valued at around US$1.4 billion.

Key Points: 
  • The project is to be executed under a standalone contract, with Petrofac’s portion valued at around US$1.4 billion.
  • In an initial announcement earlier this year, Petrofac and Hitachi Energy reported the award of the six-project Framework Agreement.
  • Additional projects within the TenneT’s 2GW Programme are expected to be awarded at approximately six-month intervals.
  • Commenting on the award, John Pearson, Chief Operating Officer, Energy Transition Projects, Petrofac, said: “We have been collaborating with our partner Hitachi Energy, and client TenneT, on the first project, Ijmuiden Ver Alpha.

Petrofac Limited: Trading Update

Retrieved on: 
Wednesday, December 20, 2023

Petrofac issues the following pre-close trading update for the year ending 31 December 2023.

Key Points: 
  • Petrofac issues the following pre-close trading update for the year ending 31 December 2023.
  • Asset Solutions and IES underlying performance in line with guidance, before a one-off bad debt provision in Asset Solutions of approximately US$12 million.
  • Good progress in reaching contractual settlements in the second half, with approximately US$180 million collected year-to-date.
  • A project and commercial update will be provided with the publication of the Group’s full year results in 2024.

One year since COP15: Protecting nature and strengthening communities in partnership with Indigenous Peoples

Retrieved on: 
Thursday, December 7, 2023

"Protecting nature and walking forward on the shared path of reconciliation can and must go together.

Key Points: 
  • "Protecting nature and walking forward on the shared path of reconciliation can and must go together.
  • "Our Nations have proven that Indigenous-led conservation, backed by durable finance, delivers real returns for nature, for the economy, and for communities.
  • These Indigenous-led PFP projects bring together Indigenous organizations, governments, and the philanthropic community to identify shared goals for protecting nature and ultimately halting biodiversity loss while advancing reconciliation with Indigenous Peoples.
  • The Government of Canada has made historic investments in Indigenous-led conservation initiatives, including through initiatives like the Indigenous Guardians program .

Government of Canada, British Columbia and the First Nations Leadership Council sign a historic tripartite nature conservation framework agreement

Retrieved on: 
Friday, November 3, 2023

To support the commitments in the Tripartite Framework Agreement on Nature Conservation (the Framework Agreement), the Government of Canada is investing up to $500 million over the life of the Framework Agreement, which matches commitments from the Government of British Columbia.

Key Points: 
  • To support the commitments in the Tripartite Framework Agreement on Nature Conservation (the Framework Agreement), the Government of Canada is investing up to $500 million over the life of the Framework Agreement, which matches commitments from the Government of British Columbia.
  • Moving forward, the Tripartite Framework Agreement on Nature Conservation will serve as a model of collaboration with First Nations to halt and reverse the loss of nature.
  • "The Tripartite Framework Agreement on Nature Conservation is a groundbreaking commitment by the First Nations Leadership Council, the government of British Columbia, and the government of Canada to work together to ensure that this province's rich biodiversity is restored and maintained for future generations.
  • The Tripartite Framework Agreement on Nature Conservation, should it meet its stated objectives, is historic and imperative.

Barrick Set for Strong Finish to the Year

Retrieved on: 
Thursday, October 12, 2023

TORONTO, Oct. 12, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today reported preliminary Q3 sales of 1.03 million ounces of gold and 101 million pounds of copper, as well as preliminary Q3 production of 1.04 million ounces of gold and 112 million pounds of copper. Q3 production was higher than Q2, although lower than previous plans for the quarter, especially at Pueblo Viejo where equipment design deficiencies contributed to the delayed ramp up of the expansion project. We continue to expect a significant increase in fourth quarter production volume.

Key Points: 
  • Porgera has been on temporary care and maintenance since April 2020 and is not currently included in our full year 2023 guidance.
  • On February 3, 2022, the Framework Agreement was replaced by the more detailed Porgera Project Commencement Agreement (the “Commencement Agreement”).
  • Barrick will provide a full reconciliation of these non-GAAP financial measures when the Company reports its quarterly results on November 2, 2023.
  • Barrick also cautions that its 2023 guidance may be impacted by the ongoing business and social disruption caused by the spread of Covid-19.

Nature Wood Group Limited Announces Strategic Cooperation with the Research Institute of Wood Industry, Chinese Academy of Forestry, Launching Its Biomass Supramolecular New Materials Innovation Project

Retrieved on: 
Monday, September 25, 2023

This collaboration marks a significant stride towards advancing biomass carbon innovation, with both parties dedicated to propelling advancements in biomass supramolecular and biomass carbon electrode materials.

Key Points: 
  • This collaboration marks a significant stride towards advancing biomass carbon innovation, with both parties dedicated to propelling advancements in biomass supramolecular and biomass carbon electrode materials.
  • Under the Framework Agreement, the Research Institute will carry out research and development work according to the technological requirements put forward by Linjia Tech and promote the technological innovation of Linjia Tech on new biomass supramolecular materials.
  • The Research Institute will offer to transfer to Linjia Tech in priority of any of its technological achievements relating to biomass carbon.
  • Nature Wood brings exceptional research capabilities to the field of biomass supramolecular materials, complementing our expertise in biomass supramolecular materials.

Sudan’s future is being shaped by guns and money – like its past

Retrieved on: 
Thursday, August 24, 2023

It is many other things, among them a gun class of constantly shifting coalitions of specialists in violence and political trading that prey on civilians.

Key Points: 
  • It is many other things, among them a gun class of constantly shifting coalitions of specialists in violence and political trading that prey on civilians.
  • Sudan’s peripheries have long been a lawless arena of brutal exploitation of people and natural resources by a military-commercial complex.
  • Four months after the fighting began, neither the Sudan Armed Forces (SAF) nor the Rapid Support Forces (RSF) has won a decisive victory on the battlefield.
  • Looking at Sudan’s war in the context of the history of the Sudanese state and its wars, it’s reverting to type.
  • For this reason, current efforts at finding a compromise between al-Burhan and Hemedti are no more than a square peg for a multi-sided hole.

Sudan’s political marketplace

    • It was my view that the issues under negotiation at the time did not include the real structures of power in the country.
    • I saw the major question not as instituting democracy but whether Hemedti —- the dominant political entrepreneur —- could take power himself and secure an accommodation with the other political-military businesses or whether there would be an establishment counter-coup.
    • Most important are the political funds of the bosses of each belligerent coalition.
    • Now as earlier, the SAF has had more material overall but the RSF has more disposable political income, which matters more.

The square peg

    • In the early weeks of the war, American and Saudi mediators pushed a straightforward cessation of hostilities between the Sudanese forces.
    • The African Union, the Intergovernmental Authority on Development led by Kenya as well as Egypt are all heading initiatives.
    • The Americans and Saudis are reviving their joint ceasefire plans, shying away from the question of how a Sudanese state can be made viable.
    • Others, for example the United Arab Emirates, may yet propose new forums or insist on having a role.

A barebones state

    • The towns and commercial farming schemes within a day’s drive of Khartoum became known as the “Hamdi Triangle”.
    • Hamdi argued that this area could prosper without having to administer the troublesome peripheries of southern Sudan, Darfur and other far-flung areas that served chiefly as labour reserves.
    • The fruit of this war may be a truncated semi-triangle in eastern Sudan.
    • This would be run like the military-Islamist duopoly of the al-Bashir years, except more brutal and more venal.
    • The militiamen drive out the locals but they can sustain themselves only by moving on to new victims.

A Landmark Achievement | REPT BATTERO and VENA ENERGY Signs Framework Agreement to Explore Expansion of Indonesia's Renewable Energy Supply Chain

Retrieved on: 
Wednesday, August 9, 2023

JAKARTA, Indonesia, Aug. 9, 2023 /PRNewswire/ -- REPT BATTERO and renewable energy company VENA ENERGY have officially signed a framework agreement to explore opportunities in establishing local production lines for energy storage components in Indonesia.

Key Points: 
  • JAKARTA, Indonesia, Aug. 9, 2023 /PRNewswire/ -- REPT BATTERO and renewable energy company VENA ENERGY have officially signed a framework agreement to explore opportunities in establishing local production lines for energy storage components in Indonesia.
  • This momentous collaboration marks the formal establishment of a strategic partnership between the two companies, setting to drive the expansion of Indonesia's renewable energy supply chain and infrastructure, while also fostering global promotion and adoption of renewable energy.
  • With the support from the leadership of the Indonesian government, the partnership between REPT BATTERO and VENA ENERGY aims to furnish Indonesia with sustainable, efficient, and stable clean energy supply, thereby making significant strides in reducing carbon emissions.
  • VENA ENERGY has been supporting Indonesia in its green energy transformation journey since 2015, having commissioned five solar and onshore wind projects totaling 114 MW.

U Power Limited Enters into Framework Strategic Cooperation Agreement with Quantum Solutions Co., Ltd. in Japan

Retrieved on: 
Thursday, June 1, 2023

Jia Li, Chief Executive Officer, Director, and Chairman of the Board of Directors of the Company, commented, “We are thrilled to cooperate with Quantum Solutions.

Key Points: 
  • Jia Li, Chief Executive Officer, Director, and Chairman of the Board of Directors of the Company, commented, “We are thrilled to cooperate with Quantum Solutions.
  • This collaboration brings together our expertise in EV battery technology with Quantum Solutions' market presence in Japan’s EV market.
  • Moving forward, we plan to continue to seek new strategic partners and tap into the potential of Japan’s EV market.
  • We expect to utilize our UOTTA battery-swapping technology to innovate and ultimately expand into Japan’s EV market.

EQS-News: EcoGraf Receives Australian Government Grant for Product Qualification Facility

Retrieved on: 
Thursday, May 18, 2023

EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to report that today, Federal Minister for Resources and Northern Australia, the Hon.

Key Points: 
  • EcoGraf Limited (EcoGraf or the Company) (ASX: EGR; FSE: FMK; OTCQX: ECGFF) is pleased to report that today, Federal Minister for Resources and Northern Australia, the Hon.
  • Madeleine King MP announced1 that EcoGraf Limited is among the successful applicants selected for funding as part of the Commonwealth Government A$48.9m Critical Minerals Development Program.
  • EcoGraf has been successful in its application for grant funding of A$2.9m towards a battery anode material product qualification facility, that is forecast to cost A$5.8m and which will support the Company’s product testing activities and offtake discussions with prospective anode, battery and electric vehicle customers in Europe, North America and Asia.
  • Prospective customers have shown strong interest in the Company’s plans to provide a new source of environmentally superior battery anode material and EcoGraf is delighted that the Commonwealth Government has chosen to support its product qualification facility initiative, which is backed by the Company’s application for an Australian patent for its EcoGraf HFfree™ purification process.