Mitsui & Co.

Innovative Education Solutions Leader Norm Allgood Joins Ambow Education to Head HybriU AI Education Technology Business

Retrieved on: 
Wednesday, March 6, 2024
Orbis, Michigan State University, Senior, Mitsui & Co., Apollo Education Group, Education, Strategic planning, Mitsui, Target Corporation, Business, University, IPD, Professional development, Workforce, Criminal justice

CUPERTINO, Calif., March 6, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced the appointment of Norm Allgood as fractional Head of HybriU, effective immediately.

Key Points: 
  • CUPERTINO, Calif., March 6, 2024 /PRNewswire/ -- Ambow Education Holding Ltd. (NYSE American: AMBO) ("Ambow" or the "Company"), an AI technology-driven educational company, today announced the appointment of Norm Allgood as fractional Head of HybriU, effective immediately.
  • In this newly established position, Mr. Allgood will lead the dissemination and implementation of HybriU, Ambow's cutting-edge, AI-driven hybrid learning solution for education and workforce training.
  • Mr. Allgood holds over two decades of experience expanding educational access to quality, programs, launching technology platforms for the education industry, collaborating with higher education partners, strategic planning and operational optimization.
  • This shift requires a right-fit solution, and HybriU remains the only technology specifically designed to address this large untapped market."

LANZAJET ANNOUNCES $30 MILLION INVESTMENT FROM SOUTHWEST AIRLINES TO ACCELERATE COMPANY'S GROWTH AND ADVANCE U.S. SUSTAINABLE AVIATION FUEL PRODUCTION

Retrieved on: 
Wednesday, February 28, 2024
Carbon, Breakthrough Energy, Mitsui & Co., Aviation, Southwest Airlines, Suncor Energy, ANA, ISCC, SAF, Aviation biofuel, Shell, Biofuel, Agriculture, Economics, All Nippon Airways, Development, Microsoft, Renewable energy

CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet. As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).

Key Points: 
  • LanzaJet Plans to Support Southwest Airlines with U.S. SAF Production and with Development of Ethanol from Agriculture Residue with SAFFiRE Renewables
    CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet.
  • As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).
  • LanzaJet plans to undertake project development efforts for the SAF production facility in the United States, with Southwest as the anchor SAF offtaker.
  • Southwest's investment comes on the heels of the opening of LanzaJet Freedom Pines Fuels – the world's first commercial-scale ethanol-to-SAF plant.

LANZAJET ANNOUNCES $30 MILLION INVESTMENT FROM SOUTHWEST AIRLINES TO ACCELERATE COMPANY'S GROWTH AND ADVANCE U.S. SUSTAINABLE AVIATION FUEL PRODUCTION

Retrieved on: 
Wednesday, February 28, 2024
Carbon, Breakthrough Energy, Mitsui & Co., Aviation, Southwest Airlines, Suncor Energy, ANA, ISCC, SAF, Aviation biofuel, Shell, Biofuel, Agriculture, Economics, All Nippon Airways, Development, Microsoft, Renewable energy

CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet. As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).

Key Points: 
  • LanzaJet Plans to Support Southwest Airlines with U.S. SAF Production and with Development of Ethanol from Agriculture Residue with SAFFiRE Renewables
    CHICAGO, Feb. 28, 2024 /PRNewswire/ -- LanzaJet, Inc. (LanzaJet) a leading sustainable fuels technology company and sustainable fuels producer, today announced a $30 million investment by Southwest Airlines Co. (Southwest) in LanzaJet.
  • As part of the agreement, LanzaJet and Southwest intend to work toward the development of a sustainable aviation fuel (SAF) production facility and collaborate to advance the operations of a corn stover to ethanol technology company in which Southwest is invested: SAFFiRE Renewables, LLC (SAFFiRE).
  • LanzaJet plans to undertake project development efforts for the SAF production facility in the United States, with Southwest as the anchor SAF offtaker.
  • Southwest's investment comes on the heels of the opening of LanzaJet Freedom Pines Fuels – the world's first commercial-scale ethanol-to-SAF plant.

Celanese Low-Carbon ECO-CC Products Available Through U.S. Department of Energy Procurement Grant Program

Retrieved on: 
Monday, February 12, 2024
Chemicals, Plastics, Other Energy, Environment, Manufacturing, Sustainability, Energy, Carbon, CE, Carbon dioxide, Acetic acid, Government, Fertilisation, Mitsui & Co., CO2, CCU, Methanol, Corporation, DOE, Acetyl group, Coal

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has been approved by the U.S. Department of Energy (DOE)’s Office of Fossil Energy and Carbon Management as a Utilization Procurement Grants (UPGrants) vendor .
  • This includes Celanese low carbon acetic acid, which uses the ECO-CC product name because it is manufactured using carbon capture and utilization (CCU) technology.
  • These product offerings have demonstrated significant net reductions in life cycle greenhouse gas emissions and passed a critical DOE review of the product’s life cycle analysis.
  • As an UPGrants vendor, Celanese has already begun working with our value-chain partners to extend product usage opportunities to eligible U.S. government entities nationwide.

LANZAJET CELEBRATES GRAND OPENING OF THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY

Retrieved on: 
Sunday, February 4, 2024
All Nippon Airways, Ethanol, Agriculture, Mitsui & Co., Energy, ANA, Aviation biofuel, Government, Climate change, Shell, Carbon, Breakthrough Energy, Suncor Energy, Aviation, Microsoft, Economics, SAF, Gasoline

SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.

Key Points: 
  • SOPERTON, Ga., Feb. 4, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility on January 24, 2024.
  • LanzaJet's ethanol-based technology is the world's first next-generation SAF technology capable of scaling production to the levels needed to decarbonize aviation.
  • LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and enables LanzaJet's aspiration for 1 billion gallons of SAF production by 2030.
  • "LanzaJet's facility will help accelerate the SAF industry and provide new economic opportunities for producers for a more sustainable future."

LANZAJET CELEBRATES GRAND OPENING OF FREEDOM PINES FUELS PLANT, THE WORLD'S FIRST ETHANOL TO SUSTAINABLE AVIATION FUEL PRODUCTION FACILITY GOVERNMENT, CORPORATE, AND COMMUNITY

Retrieved on: 
Wednesday, January 24, 2024
Pacific Northwest National Laboratory, Aviation, ANA, Mitsui & Co., Shell, Suncor Energy, History, All Nippon Airways, PNNL, Government, Economics, SAF, IAG, Carbon, Climate change, Human, Aircraft, Aviation biofuel, Ethanol, Breakthrough Energy, International Airlines Group, Virgin Atlantic, Climate, United Nations, Agriculture, United, Energy, Renewable energy

SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.

Key Points: 
  • SOPERTON, Ga., Jan. 24, 2024 /PRNewswire/ -- LanzaJet, a leading sustainable fuels technology company and sustainable fuels producer, today joined government officials, industry leaders, partners, and supporters to open LanzaJet Freedom Pines Fuels, the world's first ethanol to sustainable aviation fuel (SAF) production facility.
  • With its proprietary ethanol to SAF technology, LanzaJet Freedom Pines Fuels serves as a blueprint for utilizing first-of-its-kind innovation to scale SAF production and combat the worsening climate crisis.
  • "LanzaJet Freedom Pines Fuels is proof of the energy transition accelerating in real time," said Jennifer Holmgren, LanzaJet Board Director and Chief Executive of LanzaTech.
  • LanzaJet Freedom Pines Fuels is fully funded and has committed offtake agreements for all fuel produced in the next 10 years.

Honeywell Announces the Closing of $300 Million Equity Investment Round for Quantinuum at $5 Billion Pre-Money Valuation

Retrieved on: 
Tuesday, January 16, 2024
JPMorgan Chase, Amgen, Research, Mitsui & Co., Airbus, AI, HSBC, Carbon, Digital, Transport, Cambridge Quantum Computing, Organization, Computational chemistry, BMW, Cryptocurrency

CHARLOTTE, N.C., Jan. 16, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the closing of a $300 million equity fundraise for Quantinuum, the world's leading integrated quantum computing company, at a pre-money valuation of $5 billion. The round is anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the company's majority shareholder. This investment brings the total capital raised by Quantinuum since inception to approximately $625 million.

Key Points: 
  • CHARLOTTE, N.C., Jan. 16, 2024 /PRNewswire/ -- Honeywell (NASDAQ: HON) today announced the closing of a $300 million equity fundraise for Quantinuum, the world's leading integrated quantum computing company, at a pre-money valuation of $5 billion.
  • The round is anchored by Quantinuum's strategic partner JPMorgan Chase, with additional participation from Mitsui & Co., Amgen and Honeywell, which remains the company's majority shareholder.
  • This investment brings the total capital raised by Quantinuum since inception to approximately $625 million.
  • This capital raise represents Quantinuum's first equity funding round since Cambridge Quantum Computing and Honeywell Quantum Solutions merged in November 2021.

Celanese Begins Carbon Capture and Utilization Operations at Clear Lake, Texas, Facility

Retrieved on: 
Tuesday, January 9, 2024
Environment, Packaging, Chemicals, Plastics, Oil, Gas, Manufacturing, Alternative Energy, Sustainability, Green Technology, Energy, Methanol, CO2, Engineering, CCS, Corporation, CCU, Carbon, Mitsui & Co., Adhesive, POM, CE, Coal

Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has begun running a carbon capture and utilization (CCU) project at its Clear Lake, Texas, site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd.

Key Points: 
  • Celanese Corporation (NYSE: CE), a global specialty materials and chemical company, announced it has begun running a carbon capture and utilization (CCU) project at its Clear Lake, Texas, site as part of its Fairway Methanol joint venture with Mitsui & Co., Ltd.
  • The project is expected to capture 180,000 metric tons of CO2 industrial emissions and produce 130,000 metric tons of low-carbon methanol per year.
  • Celanese is actively leveraging CCU to offer low-carbon options across its Acetyl Chain and Engineered Materials products to help global customers meet the growing demand for more sustainable and circular solutions.
  • The products will be launched under the ECO-CC name and be transparently supported through mass balance tracking and life cycle assessment processes.

Inspiro and Microsoft Continue to Elevate the Philippine BPO Industry through Cloud Technology

Retrieved on: 
Wednesday, December 6, 2023
Azure, Microsoft Teams, Microsoft, Partnership, Azure Virtual Desktop, Health, Synthetic media, Microsoft Azure, Telecommunications, Mitsui, Mitsui & Co., KDDI, BPO, Generative, DDM, CX, Video game

MANILA, Philippines, Dec. 07, 2023 (GLOBE NEWSWIRE) -- In a groundbreaking partnership, Inspiro and Microsoft are joining forces to create innovative solutions using Microsoft technology.

Key Points: 
  • MANILA, Philippines, Dec. 07, 2023 (GLOBE NEWSWIRE) -- In a groundbreaking partnership, Inspiro and Microsoft are joining forces to create innovative solutions using Microsoft technology.
  • Since the partnership was announced in 2022, Inspiro has harnessed Microsoft’s revolutionary tools, including Azure cloud services, Power BI, Windows Virtual Desktop, and Microsoft Teams.
  • These cutting-edge solutions have propelled Inspiro to the forefront of the industry, elevating its services and establishing its Philippine operations as a center of excellence.
  • Inspiro has already migrated 40% of its targeted applications to the Microsoft Azure cloud, with plans to migrate more by the first quarter of 2024.

Firefly Aerospace Closes Third Tranche of Series C Round, Reaching Approximately $300 Million of Financing to Date

Retrieved on: 
Friday, November 10, 2023
Belcan, Ground Intelligence Officer, Grumman, Government, Lockheed Martin, NASA, Mitsui & Co., CLPS, Alpha, LP, National Reconnaissance Office, Mitsui, Firefly Aerospace, Management, Communications satellite, Firefly, Elytron

CEDAR PARK, Texas, Nov. 10, 2023 /PRNewswire/ -- Firefly Aerospace, Inc., an end-to-end space transportation company, today announced the closing of another tranche of financing, valuing the company at $1.5 billion pre-money. The round is being led by existing investors including AE Industrial Partners, LP, as well as new investors including Mitsui & Co., Ltd. Firefly has raised approximately $300 million in funding since February 2023.

Key Points: 
  • The round is being led by existing investors including AE Industrial Partners, LP, as well as new investors including Mitsui & Co., Ltd. Firefly has raised approximately $300 million in funding since February 2023.
  • "We have been successful at raising funds at an increased valuation in this challenging capital markets environment due to our focus on production and mission execution," said Bill Weber, CEO Firefly Aerospace.
  • "Firefly has clinched key contracts and cemented itself as the leader in tactically responsive launch," said Kirk Konert Partner at AE Industrial and Chairman of Firefly.
  • The Company expects to announce a close of its current financing round in the near future.