Sumitomo Group

Sumitomo Corporation, Sumitomo Mitsui Finance and Leasing Co., Ltd. (SMFL) and Gogoro Inc. to Explore First of its Kind Partnership to Accelerate Gogoro's Global Business Expansion

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星期二, 四月 30, 2024

CFO, Sumitomo Corporation, Ecosystem, MOU, City, Corp, Partnership, Transport, GGR, EV, Sumitomo Group, Recycling, Knowledge, Mobile phone

TAIPEI, April 29, 2024 /PRNewswire/ -- Gogoro Inc. (Nasdaq: GGR), a global technology leader in battery-swapping ecosystems that enable sustainable mobility solutions for cities, today announced the signing of a non-binding memorandum of understanding (the "MOU"), the first step in establishing a new partnership with Sumitomo Corporation and Sumitomo Mitsui Finance and Leasing Co., Ltd. ("SMFL") to accelerate Gogoro's global business expansion while providing Sumitomo and SMFL with new unique opportunities to expand their mobility business and second life battery use cases using Gogoro Smart Batteries and battery swapping.

Key Points:

"Gogoro's innovative business ecosystem is designed to create broader business partnerships and business models that were not previously possible.
Today, Sumitomo and SMFL are looking to accelerate Gogoro's global business expansion while utilizing Gogoro Smart Batteries and battery swapping to drive expansion of their own mobility business and second life battery revenue," said Horace Luke, founder and CEO of Gogoro.
In the mobility services field, Sumitomo is involved in auto leasing, auto financing, EV-related business, individual subscription business, and parking lot business.
The MOU signals Sumitomo and SMFL's interest to support Gogoro's global business expansion, by leveraging their global networks and knowledge gained from existing businesses.

Kenorland Minerals Provides 2024 Exploration Update

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星期三, 四月 17, 2024

The total updated forecast for exploration expenditures on properties in which Kenorland holds direct or royalty interests is anticipated to be over $24.0 million in 2024, which includes approximately $19.0 million in exploration financed by partners.

Key Points:

The total updated forecast for exploration expenditures on properties in which Kenorland holds direct or royalty interests is anticipated to be over $24.0 million in 2024, which includes approximately $19.0 million in exploration financed by partners.
Drill results from the winter 2024 program are expected to be reported throughout the second and third quarters of 2024.
Opinaca Project, Quebec: Kenorland will remain operator for Targa Exploration's Opinaca Project during two phases of planned exploration to be completed in 2024.
The property has seen no historical systematic exploration and Kenorland is planning an initial property-wide, regional geochemical survey to be completed in 2024.

IDTechEx Discusses Future Market Penetration of the Redox Flow Battery

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星期四, 四月 25, 2024

Mercedes-Benz Group, Sumitomo Electric Industries, Membrane, Ultrafiltration, Growth, Chemours, Kilowatt-hour, VERL, Chemistry, RFB, Sumitomo Group, Vanadium, Miner, Electric battery

BOSTON, April 25, 2024 /PRNewswire/ -- The evolution of the redox flow battery over several decades has seen various chemistries being developed, commercialized, or even abandoned due to factors such as poor electrochemical reversibility and cross-contamination of active species. The vanadium redox flow battery (VRFB) has prevailed as the most widely deployed and commercialized RFB chemistry over the last decade; despite this, the volume of their installations for stationary energy storage applications is still minimal compared to the incumbent Li-ion battery, with economic barriers inhibiting their market growth. However, as suggested in IDTechEx's market report, 'Redox Flow Batteries Market 2024-2034: Forecasts, Technologies, Markets', a combination of factors including developments in vanadium markets, development of cheaper RFB chemistries, and future demand for long duration energy storage (LDES) technologies, could see increasing penetration of the redox flow battery in the stationary energy storage market over the coming years. These developments will aid in RFB market growth and IDTechEx forecasts that by 2034, this market will be valued at US$2.8B.

Key Points:

However, as suggested in IDTechEx's market report, ' Redox Flow Batteries Market 2024-2034: Forecasts, Technologies, Markets ', a combination of factors including developments in vanadium markets, development of cheaper RFB chemistries, and future demand for long duration energy storage (LDES) technologies, could see increasing penetration of the redox flow battery in the stationary energy storage market over the coming years.
These developments will aid in RFB market growth and IDTechEx forecasts that by 2034, this market will be valued at US$2.8B.
As such, this can make it difficult for RFB players to penetrate the existing stationary battery storage market and acquire sizeable market share.
For more information on RFB materials, players, value chains, technologies, economics, and granular 10-year RFB market forecasts, please refer to IDTechEx's market report ' Redox Flow Batteries Market 2024-2034: Forecasts, Technologies, Markets '.

IDTechEx Discusses Future Market Penetration of the Redox Flow Battery

Retrieved on:

星期四, 四月 25, 2024

Mercedes-Benz Group, Sumitomo Electric Industries, Membrane, Ultrafiltration, Growth, Chemours, Kilowatt-hour, VERL, Chemistry, RFB, Sumitomo Group, Vanadium, Miner, Electric battery

BOSTON, April 25, 2024 /PRNewswire/ -- The evolution of the redox flow battery over several decades has seen various chemistries being developed, commercialized, or even abandoned due to factors such as poor electrochemical reversibility and cross-contamination of active species. The vanadium redox flow battery (VRFB) has prevailed as the most widely deployed and commercialized RFB chemistry over the last decade; despite this, the volume of their installations for stationary energy storage applications is still minimal compared to the incumbent Li-ion battery, with economic barriers inhibiting their market growth. However, as suggested in IDTechEx's market report, 'Redox Flow Batteries Market 2024-2034: Forecasts, Technologies, Markets', a combination of factors including developments in vanadium markets, development of cheaper RFB chemistries, and future demand for long duration energy storage (LDES) technologies, could see increasing penetration of the redox flow battery in the stationary energy storage market over the coming years. These developments will aid in RFB market growth and IDTechEx forecasts that by 2034, this market will be valued at US$2.8B.

Key Points:

However, as suggested in IDTechEx's market report, ' Redox Flow Batteries Market 2024-2034: Forecasts, Technologies, Markets ', a combination of factors including developments in vanadium markets, development of cheaper RFB chemistries, and future demand for long duration energy storage (LDES) technologies, could see increasing penetration of the redox flow battery in the stationary energy storage market over the coming years.
These developments will aid in RFB market growth and IDTechEx forecasts that by 2034, this market will be valued at US$2.8B.
As such, this can make it difficult for RFB players to penetrate the existing stationary battery storage market and acquire sizeable market share.
For more information on RFB materials, players, value chains, technologies, economics, and granular 10-year RFB market forecasts, please refer to IDTechEx's market report ' Redox Flow Batteries Market 2024-2034: Forecasts, Technologies, Markets '.

AAR signs extension and expansion of V2500 engine component distribution agreement with Sumitomo Precision Products

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星期四, 四月 11, 2024

AIR, AOG, SPP, AAR, Original equipment manufacturer, Distribution, WOOD, GM, Sumitomo Group, Aviation, Sumitomo Precision Products, Airline

WOOD DALE, Ill., April 11, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP).

Key Points:

WOOD DALE, Ill., April 11, 2024 /PRNewswire/ -- AAR CORP. (NYSE: AIR), a leading provider of aviation services to commercial and government operators, MROs, and OEMs, has signed an extension and expansion of its V2500 engine component distribution agreement with Sumitomo Precision Products Co., Ltd. (SPP).
Under the agreement, AAR has extended its exclusive agreement to distribute the V2500 pneumatic starter and starter control valve on behalf of SPP for the life of the program.
"AAR is proud to expand and extend our support of Sumitomo Precision Products on this critical engine component," said Paige Immordino, AAR's Vice President of Distribution – Commercial.
"AAR has been a valued partner to Sumitomo Precision Products since 2017, and we are pleased to extend our distribution relationship through this agreement."

Kenorland Minerals Reports Completion of Winter Drilling at the Frotet Project, Quebec

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星期二, 四月 9, 2024

Project, Sumitomo Group, R4, R11, R10, Regnault

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce that the 2024 winter exploration program at the Frotet Project ("Project"), located in Northern Quebec, is complete.

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - April 9, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") is pleased to announce that the 2024 winter exploration program at the Frotet Project ("Project"), located in Northern Quebec, is complete.
Kenorland currently holds a 4% net smelter return royalty ("NSR Royalty") and is temporary operator on the Project.
Zach Flood, President and CEO, states, "The completion of the 2024 winter drill program marks a major project milestone as total drilling eclipsed 100,000 meters and over 200 drillholes completed at Regnault, a high-grade gold discovery made by Kenorland and Sumitomo Metal Mining Canada Ltd. in 2020.
The winter exploration program at the Regnault gold discovery reached completion with a total of 18,448 meters over 27 drillholes, with an average drill depth of 675 meters.

Strategic Biofuels Announces Strategic Investment from Magnolia Sustainable Energy Partners

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星期二, 四月 9, 2024

Carbon, Sumitomo Group, Partnership, LGF, JX, CCS, Biofuel, Utilization, Forestry, CCUS, SAF, Renewable energy

COLUMBIA, La., April 9, 2024 /PRNewswire/ -- Strategic Biofuels, a leading sustainable aviation fuels (SAF) project developer, announced today a strategic investment commitment from Magnolia Sustainable Energy Partners (M-SEP), a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas (SCOA) and JX Nippon Oil & Gas Exploration Corporation (JX). The investment from M-SEP will be used to further advance the company's flagship Louisiana Green Fuels (LGF) project, an ultra-low carbon negative SAF plant located in Caldwell Parish, Louisiana.

Key Points:

COLUMBIA, La., April 9, 2024 /PRNewswire/ -- Strategic Biofuels , a leading sustainable aviation fuels (SAF) project developer, announced today a strategic investment commitment from Magnolia Sustainable Energy Partners (M-SEP), a newly formed Japanese-based investment consortium created by Sumitomo Corporation of Americas (SCOA) and JX Nippon Oil & Gas Exploration Corporation (JX).
"It's an honor to work with Strategic Biofuels and SCOA, who possess remarkable technical, project management, business, and financing expertise and leadership to help us achieve our goals."
We continue to support creating strategic partnership with Japanese strategic investors through M-SEP"
In February, SCOA announced a major investment commitment to Strategic Biofuels' LGF project, revealing that it will help the project reach a Financial Investment Decision and commencement of construction in early 2025.
At the same time, Strategic Biofuels announced that it would be shifting its primary renewable fuel product to SAF.

Sumitomo Chemical and Valent BioSciences Announce Divestiture of Pace International and Future Collaboration with AgroFresh Solutions in the Postharvest Solutions Space

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星期三, 三月 27, 2024

Sumitomo Chemical Co., Ltd. and Valent BioSciences LLC announced today that Pace International LLC (Pace) and its operations overseas will become part of AgroFresh Solutions, Inc., a well-established leader in the postharvest solutions space.

Key Points:

Sumitomo Chemical Co., Ltd. and Valent BioSciences LLC announced today that Pace International LLC (Pace) and its operations overseas will become part of AgroFresh Solutions, Inc., a well-established leader in the postharvest solutions space.
The decision to divest the Pace International business unit is part of Sumitomo Chemical’s strategic realignment efforts.
Sumitomo Chemical and Valent BioSciences also plan to develop a strategic research collaboration with AgroFresh.
Under this collaboration, Sumitomo Chemical and Valent BioSciences will continue working together in developing innovative new postharvest solutions and bringing them to the market with AgroFresh’s global market access.

MARITIME INDUSTRY LEADERS TO EXPLORE AMMONIA AS MARINE FUEL IN THE US WEST COAST

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星期五, 三月 29, 2024

This Study will be conducted at the Port of Oakland, Benicia and nearby major ports in U.S. West Coast.

Key Points:

This Study will be conducted at the Port of Oakland, Benicia and nearby major ports in U.S. West Coast.
CALAMCO is a California based cooperative composed of grower members, as well as the largest ammonia distributer in California.
Safety assessments are critical to formulate standards for use of ammonia as a marine fuel due to the toxicity of the substance.
Dan Stone, President at CALAMCO, said, "We are excited to support the exploration of ammonia bunkering in the US West Coast.

Kenorland Receives Notice of Exercise of Top-Up Right from Sumitomo

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星期五, 三月 8, 2024

IRA, Sumitomo Group, TSX Venture Exchange, Exercise

Vancouver, British Columbia--(Newsfile Corp. - March 8, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that, further to the investor rights agreement dated November 5, 2021 (the "IRA") between the Company and Sumitomo Metal Mining Canada Ltd. ("Sumitomo"), Sumitomo has issued to the Company its intent to exercise its 'top-up right' as it relates to certain non-cash transactions completed by the Company and to retain its 10.1% interest in the Company.

Key Points:

Vancouver, British Columbia--(Newsfile Corp. - March 8, 2024) - Kenorland Minerals Ltd. (TSXV: KLD) (OTCQX: KLDCF) (FSE: 3WQ0) ("Kenorland" or the "Company") announces that, further to the investor rights agreement dated November 5, 2021 (the "IRA") between the Company and Sumitomo Metal Mining Canada Ltd. ("Sumitomo"), Sumitomo has issued to the Company its intent to exercise its 'top-up right' as it relates to certain non-cash transactions completed by the Company and to retain its 10.1% interest in the Company.
An aggregate of 24,075 common shares will be issued at a price of $0.70 per share for aggregate consideration of $16,852.50 in accordance with the IRA, subject to the approval of the TSX Venture Exchange.
A copy of the IRA is available on the Company's SEDAR+ profile.