Verbund

EQS-News: EVN AG: Business development in the 2022/23 financial year

Retrieved on: 
Thursday, December 14, 2023
Heat, 2022–23 Salvadoran gang crackdown, DB Netze, EBITDA, Kilowatt-hour, EVN, EVN Group, Verbund, Investment, RAG, Weather, Capital expenditure, Growth, Plant, Financial result, Climate, Policy, Annual general meeting, Electricity, Federal Executive Boards, Wind, Drinking water, Film industry, Renewable energy, Cryptocurrency, Lithium, EUR, Weinviertel, EBIT

Revenue recorded by the EVN Group declined by 7.2% year-on-year to EUR 3,768.7m in 2022/23.

Key Points: 
  • Revenue recorded by the EVN Group declined by 7.2% year-on-year to EUR 3,768.7m in 2022/23.
  • In the international project business, the largely completed wastewater treatment plant in Kuwait led to lower revenue.
  • This decline – which was already reported during the financial year – is attributable to the energy supply company EVN KG, where the development of earnings was significantly impaired by several factors.
  • Revaluations of EUR 3.2m were recorded to plants operated by EVN Wärme and EVN Wasser.

EQS-News: Deutsche Rohstoff AG: Prime Lithium AG reserves strategic site for potential lithium production and welcomes chemicals executive as CEO and co-founder

Retrieved on: 
Thursday, December 7, 2023
DAX, Dow Chemical Company, Dow, Bayer, Verbund, Herty Advanced Materials Development Center, Research, Lanxess, State Farm Research and Development Center, Security (finance), Lithium

Deutsche Rohstoff AG announces significant progress in Prime Lithium AG’s recent developments.

Key Points: 
  • Deutsche Rohstoff AG announces significant progress in Prime Lithium AG’s recent developments.
  • Prime Lithium is a 88% subsidiary of Deutsche Rohstoff.
  • Deutsche Rohstoff AG founded Prime Lithium AG in 2021 to position itself in the rapidly growing battery value chain in Germany (see press release dated 21 March 2022).
  • He has acquired 12% of the shares in Prime Lithium, making him the company’s sole shareholder alongside Deutsche Rohstoff AG.

EQS-News: EVN AG: Business development in the first three quarters of 2022/23

Retrieved on: 
Thursday, August 24, 2023
Letter, BofA Securities, EVN Group, Drinking water, Investment, RAG, Sewage, Electricity, EBIT, Wind, Kilowatt-hour, EVN, EUR, EBITDA, Financial result, Depreciation, Heat, DB Netze, European Investment Bank, Verbund, CO2, Sewage treatment, Lithium, Film industry, Renewable energy, Generation

The market prices for base load and peak load electricity followed this development but remain at a high level.

Key Points: 
  • The market prices for base load and peak load electricity followed this development but remain at a high level.
  • Revenue recorded by the EVN Group declined by 1.3% to EUR 2,904.1m in the first three quarters of 2022/23.
  • The first three quarters of 2022/23 also included a revaluation of EUR 1.6m at EVN Wasser as of 30 June 2023.
  • EVN generated 2,330 GWh of electricity in the first three quarters of 2022/23, which represents a 15.7% year-on-year decline.

BASF and Yara to evaluate low-carbon blue ammonia project at U.S. Gulf Coast

Retrieved on: 
Thursday, June 29, 2023
Agriculture, BASF, Carbon dioxide, Chemical industry, CO2, Carbon, Ammonia, Chemical, Industrial gas, Verbund

OSLO, Norway, June 29, 2023 (GLOBE NEWSWIRE) -- BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region.

Key Points: 
  • OSLO, Norway, June 29, 2023 (GLOBE NEWSWIRE) -- BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region.
  • “Yara and BASF have successfully collaborated in the past and we are pleased to explore a new clean ammonia project together.
  • BASF and Yara are long-standing collaboration partners and are successfully operating a joint world-scale ammonia plant at BASF’s site in Freeport, Texas .
  • The companies plan to complete the feasibility study on the low-carbon blue ammonia production facility by end of 2023.

BASF and Yara to evaluate low-carbon blue ammonia project at U.S. Gulf Coast

Retrieved on: 
Thursday, June 29, 2023
Agriculture, BASF, Carbon dioxide, BE, Chemical industry, NO, CO2, Carbon, Ammonia, Chemical, Industrial gas, Verbund

OSLO, NO – WATERLOO, BE – BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region.

Key Points: 
  • OSLO, NO – WATERLOO, BE – BASF and Yara Clean Ammonia are collaborating on a joint study to develop and construct a world-scale low-carbon blue ammonia production facility with carbon capture in the U.S. Gulf Coast region.
  • “Yara and BASF have successfully collaborated in the past and we are pleased to explore a new clean ammonia project together.
  • BASF and Yara are long-standing collaboration partners and successfully operating a joint world-scale ammonia plant at BASF’s site in Freeport, Texas .
  • The companies plan to complete the feasibility study on the low-carbon blue ammonia production facility by end of 2023.

EQS-News: EVN AG: Business development in the first half of 2022/23

Retrieved on: 
Saturday, May 27, 2023
Letter, EVN Group, Drinking water, Investment, RAG, Electricity, Income tax, EBIT, Government, Wind, Kilowatt-hour, EVN, EUR, EBITDA, Financial result, Federal Executive Boards, Growth, CO2, Depreciation, DB Netze, Verbund, Annual general meeting, Renewable energy, Film industry, Bank, Central Europe

Revenue recorded by the EVN Group rose by 3.1% to EUR 2,192.6m in the first half of 2022/23.

Key Points: 
  • Revenue recorded by the EVN Group rose by 3.1% to EUR 2,192.6m in the first half of 2022/23.
  • This increase was supported, above all, by price effects from renewable electricity generation, valuation effects from hedges and price adjustments at EVN Wärme.
  • Growth was also recorded in the international project business through progress on the major project in Kuwait.
  • Based on these developments, EBITDA recorded by the EVN Group rose by 11.0% year-on-year to EUR 466.4m in the first half of 2022/23.

EQS-News: Pyrum Innovations AG: From end-of-life tyre to door handle – Pyrum to recycle used tyres from Mercedes-Benz vehicles in future

Retrieved on: 
Saturday, April 15, 2023
Plastic, Mercedes-Benz, EQE, Dillingen (Saar) station, Recycling, Verbund, Semicassis pyrum, Crash, ELT, Mercedes, ISIN, Pyrolysis, BASF, Mercedes-Benz S-Class, BASF SE, SE, Automotive industry

From end-of-life tyre to door handle: Pyrum to recycle used tyres from Mercedes-Benz vehicles in future

Key Points: 
  • From end-of-life tyre to door handle: Pyrum to recycle used tyres from Mercedes-Benz vehicles in future
    Dillingen / Saar, 3 April 2023 - Pyrum Innovations AG ("Pyrum", the "Company", ISIN: DE000A2G8ZX8), a pioneer in the sustainable recycling of end-of-life tyres (ELTs) based on its patented pyrolysis technology, is taking the next step in its cooperation with Mercedes-Benz AG.
  • In future, the company will recycle several hundred tonnes of used tyres from the Mercedes-Benz Used Parts Centre every year.
  • Pascal Klein, CEO of Pyrum Innovations AG: “We are very pleased to take the next step in our cooperation with Mercedes-Benz.
  • Since last year, the first series-production models such as the EQE and the Mercedes-Benz S-Class have been equipped with door handles.

EQS-News: EVN AG: Business development in the first quarter of 2022/23

Retrieved on: 
Wednesday, February 22, 2023
Income tax, Verbund, Drinking water, EBIT, Water, Natural gas, Investment, Electricity, Wind, Kilowatt-hour, EBITDA, Austria, EUR, Growth, Letter, Financial result, SPAR, EVN Group, Energy crisis, Electric vehicle, Depreciation, EVN, Public utility, Film industry, Renewable energy, Bank

Revenue recorded by the EVN Group rose by 30.3% to EUR 1,174.3m in the first quarter of 2022/23.

Key Points: 
  • Revenue recorded by the EVN Group rose by 30.3% to EUR 1,174.3m in the first quarter of 2022/23.
  • This increase was supported, above all, by price effects in renewable generation, valuation effects of hedges and higher prices at EVN Wärme.
  • Growth was also recorded in the international project business due to progress on the major project in Kuwait.
  • Based on these developments, EBITDA recorded by the EVN Group rose by 39.6% year-on-year to EUR 281.7m in the first quarter of 2022/23.

BASF breaks ground on MDI capacity expansion project at Geismar site

Retrieved on: 
Wednesday, January 11, 2023
Verbund, House, Transport, BASF, Growth, Louisiana State Legislature, MDI, Senior, Petrochemical, Renewable energy

GEISMAR, La., Jan. 11, 2023 (GLOBE NEWSWIRE) -- BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022 .

Key Points: 
  • GEISMAR, La., Jan. 11, 2023 (GLOBE NEWSWIRE) -- BASF has broken ground on the third and final phase of the methylene diphenyl diisocyanate (MDI) expansion project at its Verbund site in Geismar, Louisiana, announced in July 2022 .
  • The investment for this final expansion phase, which takes place from 2022 to 2025, amounts to $780 million.
  • Including the first and second phases, the investment volume totals around $1 billion, making the MDI expansion project BASF’s largest wholly owned investment in North America.
  • “BASF is investing to support our customers in various industries with significant growth potential in MDI applications, including transportation, automotive, footwear and furniture.”
    Kicked off in 2018, the expansion project follows a staggered approach.

EQS-News: EVN AG: Business development in the 2021/22 financial year

Retrieved on: 
Sunday, December 18, 2022
Electricity, Capital expenditure, Waldviertel, Water, Climate change, Heat, Natural gas, Investment, Sale, Drinking water, EEX, Petronell-Carnuntum, EBITDA, EVN Group, Article, COVID-19, Financial result, EUR, EVN, Plant, OPEX, Verbund, Growth, DB Netze, Wind, RAG, Kilowatt-hour, Renewable energy, Japons, Schildberg, EBIT, Weinviertel

Revenue recorded by the EVN Group rose by 69.6% year-on year to EUR 4,062.2m in 2021/22.

Key Points: 
  • Revenue recorded by the EVN Group rose by 69.6% year-on year to EUR 4,062.2m in 2021/22.
  • This sound development was supported by a number of individual effects: In South East Europe, the dramatic increase in electricity prices supported substantial growth in the energy distribution business.
  • Other operating income in the previous year was positively influenced by non-recurring effects related to the Walsum 10 power plant.
  • The cost of materials and services rose by 38.9% to EUR 707.1m in line with revenue growth in the international project business.