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Saratoga Investment Corp. Announces Fiscal Third Quarter 2023 Financial Results

Retrieved on: 
星期二, 一月 10, 2023

Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.

Key Points: 
  • Since Saratoga Investment took over the management of the BDC, $879 million of repayments and sales of investments originated by Saratoga Investment have generated a gross unlevered IRR of 16.4%.
  • For the quarter ended November 30, 2022, total investment income of $26.3 million increased by $9.8 million, or 59.1%, when compared to $16.5 million for the quarter ended November 30, 2021.
  • Net investment income on a weighted average per share basis was $0.83 for the quarter ended November 30, 2022.
  • The Company previously declared in fiscal 2023 a quarterly dividend of $0.54 per share for the quarter ended August, 31, 2022 and $0.53 per share for the quarter ended May 31, 2022.

As the Market Drivers for Sustainable Polymers Intensify, the Industry Response Accelerates: IDTechEx

Retrieved on: 
星期二, 十一月 29, 2022

The market drivers are becoming more significant, and industry activity is responding accordingly.

Key Points: 
  • The market drivers are becoming more significant, and industry activity is responding accordingly.
  • IDTechEx covers sustainable polymers in detail through both alternative feedstocks, bio-based and CO2, and recycling to achieve a circular economy.
  • IDTechEx has three leading reports on sustainable polymers covering the recycling of plastic waste and assessing the use of bio-based and CO2 feedstocks.
  • Bioplastics manufacturers are scaling production rapidly, and IDTechEx expects the industry to grow by 10.1% CAGR in the next ten years.

As the Market Drivers for Sustainable Polymers Intensify, the Industry Response Accelerates: IDTechEx

Retrieved on: 
星期二, 十一月 29, 2022

The market drivers are becoming more significant, and industry activity is responding accordingly.

Key Points: 
  • The market drivers are becoming more significant, and industry activity is responding accordingly.
  • IDTechEx covers sustainable polymers in detail through both alternative feedstocks, bio-based and CO2, and recycling to achieve a circular economy.
  • IDTechEx has three leading reports on sustainable polymers covering the recycling of plastic waste and assessing the use of bio-based and CO2 feedstocks.
  • Bioplastics manufacturers are scaling production rapidly, and IDTechEx expects the industry to grow by 10.1% CAGR in the next ten years.

Doc2Doc Closes New $25 Million Warehouse Facility to Further Growth

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星期四, 九月 15, 2022

Atlanta, Georgia--(Newsfile Corp. - September 15, 2022) - Doc2Doc, a leading LendTech company focused on the medical space, announces the closing of a new $25 Million warehouse facility to help further growth, provided by Encina Lender Finance.

Key Points: 
  • Atlanta, Georgia--(Newsfile Corp. - September 15, 2022) - Doc2Doc, a leading LendTech company focused on the medical space, announces the closing of a new $25 Million warehouse facility to help further growth, provided by Encina Lender Finance.
  • "We are ecstatic to be able to help more members, and grateful for our amazing relationship with our partner Encina," states Zwade J. Marshall, MD, MBA & CEO of Doc2Doc Lending.
  • Demand has been a driving force behind their expansion, including surpassing $100MM in aggregated funding requests last month.
  • Founded in 2017, Doc2Doc provides a suite of financial products to doctors.

Encina Announces Delivering First-Ever High Purity Aromatics Made Entirely from End-of-Life Plastics

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星期一, 九月 12, 2022

Encina Development Group, LLC (Encina) today announced the first-ever production of high purity aromatics made entirely from end-of-life mixed plastics.

Key Points: 
  • Encina Development Group, LLC (Encina) today announced the first-ever production of high purity aromatics made entirely from end-of-life mixed plastics.
  • Encina has delivered its high purity monomer chemicals to customers and confirms that ongoing production will continue.
  • The facility is designed to accept mixed end-of-life plastics, which are then catalytically converted into circular chemicals for Encinas customers.
  • According to the EPA, less than 10% of plastics are currently recycled, said Carlo Badiola, Senior Vice President of Engineering & Technology.

Encina Development Group Announces Appointment of Leslie Hess to Board of Directors

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星期四, 八月 25, 2022

Encina Development Group (Encina or the Company), a producer of ISCC+ circular chemicals from end-of-life plastics, announced the appointment of Ms. Leslie Hess to its board of directors.

Key Points: 
  • Encina Development Group (Encina or the Company), a producer of ISCC+ circular chemicals from end-of-life plastics, announced the appointment of Ms. Leslie Hess to its board of directors.
  • Leslie is a phenomenal addition to Encinas board, said David Schwedel, Executive Director of Encina.
  • Her experience will serve Encina well as we advance our goals to deliver highly valued circular chemicals and build commercial facilities around the world.
  • Im excited to join Encinas board, said Leslie Hess.

Encina Achieves ISCC PLUS Certification

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星期三, 五月 18, 2022

Encina Development Group (Encina or the Company), a producer of circular chemicals, announced today that it achieved the International Sustainability and Carbon Certification (ISCC) PLUS designation for its circular monomers converted from post-consumer and scrap plastic.

Key Points: 
  • Encina Development Group (Encina or the Company), a producer of circular chemicals, announced today that it achieved the International Sustainability and Carbon Certification (ISCC) PLUS designation for its circular monomers converted from post-consumer and scrap plastic.
  • ISCC is a leading, internationally recognized third-party certification system.
  • Encina uses a proprietary advanced recycling technology which, unlike traditional mechanical recycling, works at the molecular level.
  • Achieving ISCC PLUS certification is a critical milestone and validator of our work to catalyze the move from linear to circular manufacturing systems, with the long-term vision of getting to a world where nothing is wasted, said Sheida Sahandy, Chief Sustainability Officer for the Company.

Encina Announces Sheida Sahandy Will Present at World Petrochemical Conference

Retrieved on: 
星期一, 三月 21, 2022

Encina Development Group (Encina), a producer of circular chemicals from post-consumer materials, announced today that Ms. Sheida Sahandy, Encinas Chief Sustainability Officer will present at the World Petrochemical Conference (WPC) to be held on March 22 25, 2022 in Houston, TX.

Key Points: 
  • Encina Development Group (Encina), a producer of circular chemicals from post-consumer materials, announced today that Ms. Sheida Sahandy, Encinas Chief Sustainability Officer will present at the World Petrochemical Conference (WPC) to be held on March 22 25, 2022 in Houston, TX.
  • Ms. Sahandy commented, As we take stock of our global sustainability problem, the enormity and necessity of societal and economic change is apparent.
  • For one, our relationship to natural resources must mature.
  • Ms. Sahandys presentation is scheduled on Tuesday, March 22nd at 10:30 am - 11:00 am (CT) / 11:30am - 12:00pm (ET) in the Circular Plastics in a Net-Zero Carbon World track.

Encina Announces $55 Million of Committed Financing Supported by IMM Investment Global Limited

Retrieved on: 
星期一, 三月 14, 2022

Encina Development Group (Encina or the Company), a producer of circular chemicals from waste materials, announced today that it has secured a total of $55 Million of equity capital which included participation from institutional investors IMM Investment Global Limited (IMM Global) and SW Recycle Fund through a $32 million private placement.

Key Points: 
  • Encina Development Group (Encina or the Company), a producer of circular chemicals from waste materials, announced today that it has secured a total of $55 Million of equity capital which included participation from institutional investors IMM Investment Global Limited (IMM Global) and SW Recycle Fund through a $32 million private placement.
  • IMM Global will join the Companys Board of Directors as a result of their investment.
  • IMM Investment Global (IMM Global) is a pure-play overseas investment arm of IMM Investment Corp. (IMM), which is the leading alternative asset manager in Korea with US$5.0bn assets under management.
  • IMM Global aims to serve as the driving force in further developing Korean presence across the global energy transition sector.