CME Group to Launch a Global Emissions Offset (GEO) Futures Contract on March 1

CHICAGO, Jan. 26, 2021 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will launch a Global Emissions Offset™ (GEO™) futures contract on March 1, 2021, pending all relevant regulatory reviews. The new contract, which will provide customers with a market-based solution to manage global emissions risk, was jointly developed with Xpansiv market CBL, a leader in spot energy and environmental markets….

CHICAGO, Jan. 26, 2021 /PRNewswire/ — CME Group, the world’s leading and most diverse derivatives marketplace, today announced it will launch a Global Emissions Offset™ (GEO™) futures contract on March 1, 2021, pending all relevant regulatory reviews. The new contract, which will provide customers with a market-based solution to manage global emissions risk, was jointly developed with Xpansiv market CBL, a leader in spot energy and environmental markets.  

«Demand for voluntary carbon offsets is growing around the world as more countries and companies take action toward creating a lower carbon economy,» said Peter Keavey, Global Head of Energy at CME Group. «GEO futures will provide a regulated, market-based solution that can help address risk management needs for near-term emissions reduction strategies, as well as a standardized pricing benchmark to help facilitate long-term climate goals.»

«After a decade building the largest voluntary carbon market in the world, it’s remarkable to witness this watershed moment,» said Xpansiv Chief Strategy Officer Nathan Rockliff. «We’ve worked closely with myriad stakeholders—corporates, project developers, trading firms, airlines, and leading standards like VERRA, CAR, ACR—to develop the GEO, the first standardized contract for carbon offsets across multiple project types and geographies. The GEO helps to establish a global price for the voluntary carbon market based on offsets vetted by a multi-year process, and with this landmark futures contract, CME Group and Xpansiv provide a clear path to action for net-zero commitments.»

The Taskforce on Scaling Voluntary Carbon Markets, a private sector-led voluntary carbon market initiative, has published recommendations around the need for a physically-delivered futures market, stating that it could help achieve a more robust and transparent voluntary offset market. CME Group is a member of the Taskforce alongside many of its clients and market participants.

Voluntary offsets allow businesses to purchase credits to help reduce their overall carbon footprint as they work to transition to more sustainable business practices. The scale of trading in the voluntary carbon offset market is currently around $320 million and this is expected to grow as demand for global decarbonization increases and climate hedging strategies become more standardized.

The GEO futures contract is based on the Carbon Offsetting and Reduction Scheme for International Aviation (CORSIA), which includes globally accepted carbon offset standards based on a set of rigorous criteria developed by the International Civil Aviation Organization (ICAO), a specialized agency of the United Nations.  

GEO futures will allow for delivery of CORSIA eligible voluntary offset credits from three ICAO approved registries and will be listed by and subject to the rules of NYMEX.  For more information and contract specifications, please visit www.cmegroup.com/geo.  

About CME Group

As the world’s leading and most diverse derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest ratesequity indexesforeign exchangeenergyagricultural products and metals.  The company offers futures and options on futures trading through the CME Globex® platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform.  In addition, it operates one of the world’s leading central counterparty clearing providers, CME Clearing.  With a range of pre- and post-trade products and services underpinning the entire lifecycle of a trade, CME Group also offers optimization and reconciliation services through TriOptima, and trade processing services through Traiana.

CME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc.  CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc.  NYMEX, New York Mercantile Exchange and ClearPort are trademarks of New York Mercantile Exchange, Inc.  COMEX is a trademark of Commodity Exchange, Inc. BrokerTec, EBS, TriOptima, and Traiana are trademarks of BrokerTec Europe LTD, EBS Group LTD, TriOptima AB, and Traiana, Inc., respectively. Dow Jones, Dow Jones Industrial Average, S&P 500 and S&P are service and/or trademarks of Dow Jones Trademark Holdings LLC, Standard & Poor’s Financial Services LLC and S&P/Dow Jones Indices LLC, as the case may be, and have been licensed for use by Chicago Mercantile Exchange Inc.  All other trademarks are the property of their respective owners

About Xpansiv
Xpansiv is the global market for ESG-inclusive commodities. These Intelligent Commodities™ bring transparency and liquidity to markets, empowering participants to value energy, carbon, and water to meet the challenges of an information-rich, resource-constrained world. The company’s main business units include CBL, the leading spot exchange for ESG commodities, including carbon, renewable energy certificates, and Digital Natural Gas™; H2OX, the leading spot exchange for water in Australia; and XSignals, which provides end-of-day and historical market data. Xpansiv is the digital nexus where ESG and price signals merge. Xpansiv.com

CME-G

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TERRA Expands «Done With IT» Electronics Reuse And Recycling Program

NASHVILLE, Tenn., Jan. 26, 2021 /PRNewswire/ — While the coronavirus has disrupted recycling programs nationwide, TERRA‘s Done with IT mail-in program continues…

NASHVILLE, Tenn., Jan. 26, 2021 /PRNewswire/ — While the coronavirus has disrupted recycling programs nationwide, TERRA‘s Done with IT mail-in program continues to provide electronics recycling to those impacted the epidemic.

Today, TERRA announces Environmental Office Solutions, Inc. (E.O.S.) has joined the program and will provide certified recycling services from their R2 certified facility in Loveland, CO.

Done with IT serves the entire continental U.S. as well as Canada with recycling options from its international network of e-Stewards and Certified R2 facilities.

«While the electronics recycling industry has been deemed essential, most e-waste recycling programs have been suspended,» said Steven Napoli, President & CEO of TERRA. «Done with IT offers e-waste recycling and ITAD services from nation’s best recyclers for both businesses and consumers without the need for physical contact.»

In addition to being simple, secure and sustainable, Done with IT also partners with professional sports teams and non-profit organizations to return refurbished devices to students that lack the proper equipment for remote learning.

«Most people don’t understand the importance and value of choosing a Certified recycler when retiring their used electronics,» said Matt Service, Vice President of Special Projects at E.O.S. «We specialize in maximizing the value of retired technology and devices while ensuring both data security and sustainability.»

Done with IT also provides opportunities for city, county and state governments to extend e-waste recycling options to their residents through its «Community Member» program. Likewise, business can connect to TERRA’s certified network and offer discounts to their employees through their «Sustainer Member» program.

«TERRA and Done with IT are actively seeking more certified recycling partners like E.O.S.,» Napoli added.

TERRA & Done with IT
TERRA is dedicated to diverting used electronics to the care of Certified Recyclers to maximize reuse and the recycling of natural resources.
http://www.jointerra.org / http://www.donewithit.org / Facebook / LinkedIn / Twitter

Environmental Office Solutions, Inc. (E.O.S.)
Environmental Office Solutions (EOS) provides custom-tailored, comprehensive, closed-loop recycling and end-of-life asset recovery programs for large corporations and small businesses alike, federal, state and municipal governments as well as educational institutions of all sizes. With multiple facilities, EOS can quickly and efficiently process assets, thus providing more attractive pricing for customers.

Exceptional customer service is the cornerstone of our business. EOS has a responsive and knowledgeable team of recycling representatives with over 50 years of combined industry experience.
https://www.eosusa.com/

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SOURCE TERRA

LiqTech International Announces Preliminary Fourth Quarter 2020 Financial Results and Provides Operational Update

BALLERUP, Denmark, Jan. 26, 2021 /PRNewswire/ — LiqTech International, Inc. (NASDAQ: LIQT) («LiqTech»), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced preliminary fourth quarter 2020 financial results and provided an operational update on various growth strategies, including marine scrubber, oil and gas, and black carbon reduction operations.

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BALLERUP, Denmark, Jan. 26, 2021 /PRNewswire/ — LiqTech International, Inc. (NASDAQ: LIQT) («LiqTech»), a clean technology company that manufactures and markets highly specialized filtration technologies, today announced preliminary fourth quarter 2020 financial results and provided an operational update on various growth strategies, including marine scrubber, oil and gas, and black carbon reduction operations.

«As we enter 2021, we see three key opportunities driving growth for LiqTech,» commented Sune Mathiesen, CEO of LiqTech. «First, a rebound in the marine scrubber market as fuel spreads return to pre-COVID levels and an increasing number of countries around the globe move to ban open loop systems in favor of closed-loop systems whereby a filtration system is included. Second, the launch of our water treatment solutions through our joint venture into the oil and gas market, particularly in the Middle East, where our solutions address water scarcity issues and increased regulations toward sustainable solutions. And finally, in the black carbon reduction market, particularly within the Chinese marine industry, where our history in the diesel particulate filters, and the marine market, positions us as an early entrant to this very large opportunity. Given the recent business developments and progress in each of our three lead market opportunities, we have decided to further double our manufacturing capacity in our facility near Copenhagen, Denmark in 2021.»

«We are excited about the development in our three main markets and we believe that 2021 will be an inflection point for LiqTech. Based on the progress to date, we are reiterating our expectation to achieve record revenue in fiscal 2021 and to return to profitability. Looking further out, we believe we are well positioned to grow LiqTech into a leading global filtration company addressing significant global sustainable development goals of clean water and sanitation, climate action and life below water. We look forward to sharing additional details at today’s analyst and investor day.»

Preliminary Fourth Quarter Financial Results

For the fourth quarter of 2020 ended December 31, 2020 revenue is anticipated to be $4.1 million compared to $3.5 million in the third quarter of 2020. The improvement compared to the third quarter of 2020 is driven by a modest rebound in the marine scrubber business following a slowdown in both inquiries and orders that occurred throughout much of 2020 due to the global economic effects of COVID-19.

LiqTech Investor Day

LiqTech will be discussing these preliminary financial results, along with an operational update during its January 2021 investor day being held today, Tuesday, January 26, 2021 commencing 8:00am ET.

The event will be webcast live on LiqTech’s website with a replay of the webcast available for 30 days following the event. Interested parties can access the webcast via the Company’s website at https://www.liqtech.com/investor-relations/events-presentations/ or https://streams.eventcdn.net/liqtech/investor-day/register.

Presentation: Presentation materials for the event will also be located on the Company’s website prior to the start of the event.

About LiqTech International Inc.

LiqTech International, Inc., a Nevada corporation, is a clean technology company that provides state-of-the-art ceramic silicon carbide filtration technologies for gas and liquid purification. LiqTech’s silicon carbide membranes are designed to be used in the most challenging water purification applications and its silicon carbide filters are used to control diesel exhaust soot emissions. Using nanotechnology, LiqTech develops products using its proprietary silicon carbide technology, resulting in a wide range of component membranes, membrane systems and filters for both microfiltration and ultrafiltration applications. By incorporating LiqTech’s SiC liquid membrane technology with the Company´s extensive systems design experience and capabilities, LiqTech offers unique, turnkey solutions for the most difficult water purification applications.

For more information, please visit www.liqtech.com 

Follow LiqTech on Linkedln: http://www.linkedin.com/company/liqtech-international 

Follow LiqTech on Twitter: https://twitter.com/LiqTech

Forward–Looking Statement

This press release contains «forward-looking statements.» Although the forward-looking statements in this release reflect the good faith judgment of management, forward-looking statements are inherently subject to known and unknown risks and uncertainties that may cause actual results to be materially different from those discussed in these forward-looking statements. Readers are urged to carefully review and consider the various disclosures made by us in the reports filed with the Securities and Exchange Commission, including the risk factors that attempt to advise interested parties of the risks that may affect our business, financial condition, results of operation and cash flows. If one or more of these risks or uncertainties materialize, or if the underlying assumptions prove incorrect, our actual results may vary materially from those expected or projected. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this release.

We assume no obligation to update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this release.

Company Contact: 
Sune Mathiesen, Chief Executive Officer
LiqTech International, Inc.                                                          
Phone: +45 5197 0908                                                               
www.liqtech.com                                                                      

Investor Contact:
Robert Blum
Lytham Partners, LLC
Phone: (602) 889-9700
liqt@lythampartners.com
www.lythampartners.com 

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SOURCE LiqTech International, Inc.

Say «I Do» to Zoom Weddings at World Famous Las Vegas Chapel

LAS VEGAS, Jan. 26, 2021 /PRNewswire-PRWeb/ — Couples from around the world planning their upcoming wedding have been anxiously waiting for word of when it will be safe to gather for their special day. With many states limiting the capacities of weddings during the global pandemic, newly engaged couples have decided to postpone their ceremonies or elope in Las Vegas.

Just in time for Valentine’s Day weddings, Chapel of the Flowers has come up with a creative…

LAS VEGAS, Jan. 26, 2021 /PRNewswire-PRWeb/ — Couples from around the world planning their upcoming wedding have been anxiously waiting for word of when it will be safe to gather for their special day. With many states limiting the capacities of weddings during the global pandemic, newly engaged couples have decided to postpone their ceremonies or elope in Las Vegas.

Just in time for Valentine’s Day weddings, Chapel of the Flowers has come up with a creative solution to have wedding guests safely attend ceremonies at their iconic Las Vegas wedding venue. The chapel just released their new «Zoom Wedding Broadcasting» feature that allows loved ones to virtually attend a ceremony from the comforts of home. Simultaneously, newlyweds getting married at the chapel will see their wedding guests on high-resolution television screens wall mounted in the back row of the chapel.

«Our couples have loved our online broadcasting for over 20 years,» says Donne Kerestic, CEO at Chapel of the Flowers. «The wedding live stream has always been a one-way viewing experience, and couples don’t know who is watching. We are excited that we now have the option where couples can see their guests during their ceremony as they are exchanging vows and have their first kiss.»

Chapel of the Flowers was one of the first Las Vegas wedding chapels to offer live wedding videos on their website. Each of their four indoor ceremony locations is equipped with high-definition cameras and operated by a highly skilled video technician. The professional videographer will edit the live online feed in a control room outside the ceremony space to avoid being captured in the background of candid wedding photos.

Like many other businesses, Chapel of the Flowers had to adapt to performing ceremonies during the pandemic. Some weddings have guest counts that exceed the Government mandated reduced capacity.

«We have also been using the TV monitors for overflow viewing,» exclaims Donne. «Some guest counts are larger than the capacity allowed. If the Victorian Chapel is available, we can take the late arrivals or guests that don’t fit in the chapel space and live stream the ceremony to watch on-site. This way, guests won’t miss the ceremony.»

With couples opting for small weddings now and celebrating with larger receptions later, the chapel is excited to offer the new «Zoom Wedding Broadcasting» exclusively in their Victorian Chapel location. Ceremony broadcasting is included in most of the chapel’s all-inclusive wedding packages, along with Facebook Live options in their simple celebrant ceremony packages.

About Chapel of the Flowers

Chapel of the Flowers has been celebrating 60 years of love on the Las Vegas Strip. Located near the Arts District in Downtown Las Vegas (1717 Las Vegas Boulevard South), they are the largest free-standing chapel in Las Vegas.

Marrying over a quarter of a million couples, Chapel of the Flowers is known for its first-class wedding planners, ceremony & reception wedding packages, professional wedding photographer, and on-site floral shop. The expansive acre property features five newly renovated indoor and outdoor wedding locations perfect for an intimate elopement or larger celebrations with space up to 88 guests. From garden weddings to elegant ceremonies, the chapel has a ceremony space for almost any style.

The top-ranked chapel has earned top recognition and awards on TripAdvisor, The Knot, and Las Vegas Review Journal’s Best of Las Vegas. Chapel of the Flowers has also been featured in the media on TLC shows, «Say Yes to the Dress» and «90 Day Fiancé», as well as music videos for Carrie Underwood «Last Name» and Rascal Flatts «Why Wait».

In 2020, Chapel of the Flowers rolled out their «Safe and Clean Program,» which is their initiative to keeping couples, guests, and employees safe while performing unforgettable Las Vegas weddings. This COVID safety program was created to help stop the spread of the coronavirus by using CDC and Government guidelines with a robust cleaning routine using EPA/ FDA certified products and safety equipment. For more information, visit the company’s coronavirus Safe and Clean Program post, available on Chapel of the Flowers’ wedding blog.

Chapel of the Flowers aims for excellence and is honored to be one of the preferred Las Vegas chapels in the «Wedding Capital of the World».

###

Media Contact
Michelle Goldberg,
Head of Marketing
http://www.littlechapel.com
Phone: 702-735-4331
Email: media (at) littlechapel.com

Media Contact

Michelle Goldberg, Chapel of the Flowers, 702-735-4331, media@littlechapel.com

Twitter, LinkedIn

 

SOURCE Chapel of the Flowers

Sunset World Group Expands Its Safe Stay™ Program in Accordance with New International Air Travel Regulations

CANCUN QUINTANA ROO, Mexico, Jan. 26, 2021 /PRNewswire-PRWeb/ — Sunset World Group recently announced that it has implemented additional measures in its resorts in accordance with the new regulations that countries including Canada, the United Kingdom, Brazil, Chile, Colombia, Argentina and, more recently,…

CANCUN QUINTANA ROO, Mexico, Jan. 26, 2021 /PRNewswire-PRWeb/ — Sunset World Group recently announced that it has implemented additional measures in its resorts in accordance with the new regulations that countries including Canada, the United Kingdom, Brazil, Chile, Colombia, Argentina and, more recently, the United States have implemented for international air travelers to prevent the spread of COVID-19.

These new regulations require that passengers traveling to these countries from abroad present a negative COVID-19 test that was done within three days of their departure, or a test and testimonial that they have recovered from the disease.

Consequently, Sunset World Group made an agreement with Laboratorios Chopo (Chopo Laboratories) to make tests available with preferential prices to its guests at Sunset Royal and Hacienda Tres Ríos hotels as of February 1, 2021. It is worth mentioning that guests who will return to their country before that date and need a test can visit the concierge in their hotel to set up an external appointment with the laboratory.

If the test results are positive, the guest and their companions will have Sunset World Group’s support and be able to extend their stay.

«At Sunset World Group we understand that circumstances are always changing and we are adapting to offer our members and guests a smooth return home,» reported Martha Richardson, Sunset World Group Corporate Operations Director. «The well-being of our members and guests is very important to us, whatever the result of their test,» she added.

Sunset World Group is a family-owned Mexican company and a leader in the hospitality industry, offering authentic and unforgettable vacation experiences in Cancun and the Riviera Maya. It was founded more than 30 years ago and has grown to offer six resorts, world-class travel services, amenities and a diverse network of operational and marketing solutions that focus on providing the best vacation experiences for its Members and guests. From cultural excursions to water sports, the Members of Sunset World are never far from their next great adventure.

Media Contact

Nayely Nahuat, Sunset World, 52 (998) 287 3502, marcom@sunset.com.mx

 

SOURCE Sunset World

New ACCA and IMA Survey on Global Economy Finds Fragile Confidence in Early 2021

NEW YORK and MONTVALE, N.J., Jan. 26, 2021 /PRNewswire/ — The latest Global Economic Conditions Survey (GECS) released today from ACCA (the Association of Chartered Certified Accountants) and <a target="_blank"…

NEW YORK and MONTVALE, N.J., Jan. 26, 2021 /PRNewswire/ — The latest Global Economic Conditions Survey (GECS) released today from ACCA (the Association of Chartered Certified Accountants) and IMA® (Institute of Management Accountants) found that global confidence in the fourth quarter of 2020 stalled and remains fragile at the start of 2021.

The GECS, the largest regular economic survey of more than 3,000 senior accountants and finance professionals from around the world, captured the true scale of the global recession caused by the response to the coronavirus pandemic, noting that global economic prospects have deteriorated since the survey was completed on December 8. The full report is available here or at https://www.imanet.org/insights-and-trends/global-economic-conditions-survey?ssopc=1.

The survey notes that the global economy contracted by around 4.5% in 2020, the biggest fall in global activity in several decades. Having recovered from lockdown-imposed weakness in the first half of the year, many economies again faced weakness as a second wave of COVID infections triggered renewed lockdowns. The survey envisions a steady recovery this year, but continued uncertainty limits the bounce in consumer and busines confidence, with pre-crisis output not being reached until mid-2022. The 2020 Q4 findings also reveal that:

  • Global orders, employment and capital investment indices recorded a further modest improvement, but still point to activity well below the pre-crisis level in the fourth quarter of 2019.
  • The «fear» indices—concern about customers and suppliers going out of business—edged lower in 2020 Q4 but remain elevated, clearly underlining the extreme uncertainty in the global economic outlook at the start of 2021.
  • Inflation concerns remain negligible with concern about costs staying close to an all-time low.
  • The confidence measure fell back in North America, having surged in the prior third quarter. By contrast, there was a big improvement in Middle East confidence, buoyed probably by continued recovery in oil prices.
  • More than 50% of respondents in Asia Pacific, North America and South Asia expect sustainable recovery in the second half of this year.

«Last year was the worst for the global economy for several decades,» said Warner Johnston, Head of ACCA USA. «2021 will see recovery, but precisely when and how strong it will be is very uncertain. We anticipate a weak start, followed by a recovery gathering momentum through the second half. Much depends on the evolution of the COVID virus and variants relative to the progress of vaccination programs, and there is great uncertainty surrounding these developments.»

Raef Lawson, Ph.D., CMA, CPA, IMA vice president of research and policy, said, «The pandemic has forced millions into extreme poverty as emerging markets suffered recession for the first time in decades last year. Policy responses to the pandemic have left the public finances of most economies in a perilous state with budget deficits in the range of 10% to 15% of GDP in many countries with debt to GDP ratios well over 100%.»

He added, «All this presents a big test for policy makers in terms of when to withdraw policy support and when policy should be tightened to rebuild public finances. Policy mistakes would risk derailing economic recovery.’

Michael Taylor, Chief Economist at ACCA, noted that since polling concluded in December, many countries have witnessed increased COVID-19 infection rates, prompting governments to re-impose restrictions, including national lockdowns. This means that global economic prospects early in 2021 have deteriorated since the Q4 survey. At the same time, there has been progress on the approval of vaccines, raising hopes of a permanent improvement in economic conditions later this year. However, unemployment rates will rise in many countries, potentially undermining consumer confidence and limiting the strength of a rebound.

North America/United States

In North America, confidence dropped in Q4, having jumped by the most on record in Q3. The orders and capital spending indices were both little changed in Q4 and were well below their pre-crisis levels of a year ago. The employment index recovered significantly in Q4, highlighting the continued relatively good jobs market rebound since the early weeks of the pandemic. Overall, the North America region GECS is consistent with continued recovery in early 2021.

Meanwhile, the U.S. economy suffered one of the smallest contractions among advanced economies last year – likely around 3.5%. A large fiscal package equivalent to around 10% of Gross Domestic Product and easier monetary policy, including cuts in interest rates and greatly increased quantitative easing, cushioned the economic downturn.

But toward the end of 2020, the economy was losing momentum and COVID infections were increasing rapidly. The report notes that the economy was likely to show modest expansion in the fourth quarter of 2020, but renewed weakness is possible in early 2021.

«There are significant risks to the outlook for the year ahead,» Lawson said. «Much depends on the evolution of the COVID virus and variants, rates of infection and the speed and effectiveness of vaccination programs. The central case is economic weakness early on in 2021 as the virus dominates, followed by recovery gathering momentum later in the year as vaccination takes effect. There are significant risks surrounding the timing of these developments. In addition, the emergence of vaccine- resistant variants of the COVID virus, unexpected adverse side effects from vaccination and low vaccine take up are also health-related risks that could cause deviations in the recovery path.»

Fieldwork for the 2020 Q4 survey took place between November 20 and December 8, 2020, and attracted 3086 responses from ACCA and IMA members, including over 300 CFOs.

About ACCA
ACCA (the Association of Chartered Certified Accountants) is the global body for professional accountants, offering business-relevant, first-choice qualifications to people of application, ability and ambition around the world who seek a rewarding career in accountancy, finance and management.

ACCA supports its 227,000 members and 544,000 students (including affiliates) in 176 countries, helping them to develop successful careers in accounting and business, with the skills required by employers. ACCA works through a network of 110 offices and centres and 7,571 Approved Employers worldwide, and 328 approved learning providers who provide high standards of learning and development. Through its public interest remit, ACCA promotes appropriate regulation of accounting and conducts relevant research to ensure accountancy continues to grow in reputation and influence.

ACCA has introduced major innovations to its flagship qualification to ensure its members and future members continue to be the most valued, up to date and sought-after accountancy professionals globally. Founded in 1904, ACCA has consistently held unique core values: opportunity, diversity, innovation, integrity and accountability. More information is here: www.accaglobal.com

About IMA® (Institute of Management Accountants)
IMA® is one of the largest and most respected associations focused exclusively on advancing the management accounting profession. Globally, IMA supports the profession through research, the CMA® (Certified Management Accountant) and CSCA® (Certified in Strategy and Competitive Analysis) programs, continuing education, networking, and advocacy of the highest ethical business practices. Twice named Professional Body of the Year by The Accountant/International Accounting Bulletin, IMA has a global network of more than 125,000 members in 150 countries and 300 professional and student chapters. Headquartered in Montvale, N.J., USA, IMA provides localized services through its four global regions: The Americas, Asia/Pacific, Europe and Middle East/India. For more information about IMA, please visit www.imanet.org.

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SOURCE ACCA (the Association of Chartered Certified Accountants)

Corn Ethanol Emits 46% Less Greenhouse Gases Than Gasoline

NEWTON, Mass., Jan. 26, 2021 /PRNewswire/ — Research from Environmental Health & Engineering, Inc. (EH&E) shows that greenhouse gas (GHG) emissions for ethanol, a biofuel made from corn, are 46% lower than gasoline. Conventional wisdom based on a prior analysis done by EPA had pegged the…

NEWTON, Mass., Jan. 26, 2021 /PRNewswire/ — Research from Environmental Health & Engineering, Inc. (EH&E) shows that greenhouse gas (GHG) emissions for ethanol, a biofuel made from corn, are 46% lower than gasoline. Conventional wisdom based on a prior analysis done by EPA had pegged the difference to only 20%. EH&E’s topical review of the latest science shows that this renewable biofuel is less carbon intensive and more climate-favorable than previously thought.

«This research provides an up-to-date accounting of corn starch ethanol’s GHG profile in comparison to that of gasoline refined from crude oil,» says EH&E Chief Science Officer David MacIntosh. «The results of this research are timely for the scientific, public health, legislative, and business communities seeking to establish a net zero carbon economy while addressing related technological, political and economic challenges.»

The research delivers a transparent, state-of-the-science assessment on life cycle analyses of corn starch ethanol in the U.S. EH&E researchers reached their conclusions after critically reviewing earlier life cycle analysis modeling and data, and consulting with more than two dozen experts from government, academia, and nonprofits. Their findings uncovered significant reductions in carbon intensity made possible by advances in farming technology, soil conservation practices, and production of animal feed as a by-product of making ethanol. 

EH&E’s assessment also shows that carbon emissions from converting prior land uses to corn farming make up only 3.9% of the biofuel’s total GHG emissions–a much smaller amount than generally recognized. This finding stems directly from the latest models and data that consider both the economic value and productivity of land to estimate release of carbon when land is put into corn production. The research’s findings suggest that substitution of conventional gas with corn ethanol could deliver a net carbon sink over a much shorter period than previously estimated.  

Today, corn ethanol accounts for about 10% of liquid fuel sold at gasoline stations in the U.S. and has the potential to account for a greater share of liquid fuel for transportation. The findings provide much-needed data for decisions and policies on the future role of biofuels to address climate change as well as opportunities for continued reduction of carbon emissions across the life cycle of corn ethanol.

About Environmental Health & Engineering, Inc.: 
For over 30 years, our business has been helping organizations deliver safe work environments and healthy buildings. Our Advanced Analytics practice, the research and development arm of EH&E, allows our team members to explore various avenues to improve and enhance today’s environmental, engineering, and health and safety practices.

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SOURCE Environmental Health and Engineering

The Institutes Announce Helix, a New Advisory Board Focused on Natural Catastrophe Resilience

MALVERN, Pa., Jan. 26, 2021 /PRNewswire-PRWeb/ — In an effort to advance resilience from natural catastrophes, a group of U.S. insurers, reinsurers, intermediaries, and model providers are forming an advisory board named Helix™ facilitated by The Institutes. Seeking improved application of science, data, operations, and technology, Helix will contribute to the insurance industry’s focus on providing ever-improving resilience and economic stability in a healthy and competitive marketplace, and…

MALVERN, Pa., Jan. 26, 2021 /PRNewswire-PRWeb/ — In an effort to advance resilience from natural catastrophes, a group of U.S. insurers, reinsurers, intermediaries, and model providers are forming an advisory board named Helix™ facilitated by The Institutes. Seeking improved application of science, data, operations, and technology, Helix will contribute to the insurance industry’s focus on providing ever-improving resilience and economic stability in a healthy and competitive marketplace, and reducing or closing existing protection gaps.

Initially building on work to implement open common data standards for catastrophe risk analytics, the Helix vision is grounded on four interwoven pillars targeted at advancing the industry’s increasingly diverse and expanding capabilities:

  • Climate and Resiliency — pursuing hazard and resilience research, and advocating for innovation in insurance products and economic responsiveness
  • Data —data standards, data content/interpretation/quality, and industry-level data resources
  • Technology — transparency in models and analytics, Insurtech innovations, and technology solutions
  • Operations — common industry tools, improved communication/exchange across the value chain, and support/education for the industry

Helix will primarily serve the U.S. market while collaborating with parallel efforts addressing catastrophe risk analytics issues globally, such as those undertaken by the Insurance Development Forum and the Open Data Standards Initiative.

The insurance industry is increasingly challenged to provide economic resilience in the face of shifting patterns in demographics, risk concentrations, and climate hazards, and the consequential escalation in natural catastrophe loss volatility. These challenges are pronounced for companies insuring interests in the U.S., a significant marketplace with broad, varied, and acute catastrophe exposure. Helix will contribute to global, communal efforts to improve fundamental operating issues in catastrophe risk analytics practices to better address these challenges.

Helix builds on the work of the Catastrophe Modeling Operating Standards (CMOS) initiative. The CMOS team completed a survey project in September 2020 to successfully operationalize an open common exposure data standard. This project also provided a set of recommendations for the community to advance and progress the ongoing work. The summary report and recommendations can be found at https://lp.theinstitutes.org/helixcmos.

«Helix is an opportunity for The Institutes to facilitate bringing the industry together and to serve as a neutral third party in work on this important issue that ultimately benefits the general public. We are excited to help coordinate this effort focused on mitigating the adverse effects of natural disasters,» says Peter Miller, President and CEO of The Institutes.

«Based on the interest in and success of the CMOS, it is clear there is a desire for an industry-wide, cooperative effort focused on resilience from natural catastrophes. We’ve received strong interest in creation of Helix, and look forward to welcoming the participation of additional organizations,» says Sean Ringsted, Chief Risk Officer, Chubb.

The Institutes is in the process of engaging founding members and building out the appropriate governance structure. As those are put in place, Helix members will determine initial priorities in support of the four pillars and leveraging the work performed under the CMOS initiative. Companies in search of additional information, or that have interest in contributing expertise to the effort can contact The Institutes at helix@theinstitutes.org.

About The Institutes | Risk and Insurance Knowledge Group

The Institutes, a leading provider of risk management and insurance knowledge solutions, offer innovative education, research, networking, and career resources, including professional designations such as the CPCU® program, leadership programs, continuing education courses, events and conferences, associations, custom solutions, publications, and assessment tools.

CPCU is a registered trademark of The Institutes. All rights reserved.

Media Contact

Susan Wisbey-Smith, The Institutes, 224-558-2370, wisbey-smith@theinstitutes.org

 

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Boxed Water Is Better® Launches Four New Flavors Responding to Mounting Consumer Demand

HOLLAND, Mich., Jan. 26, 2021 /PRNewswire/ — Boxed Water Is Better® – the leading sustainable alternative to plastic bottles and aluminum cans –…

HOLLAND, Mich., Jan. 26, 2021 /PRNewswire/ — Boxed Water Is Better® – the leading sustainable alternative to plastic bottles and aluminum cans – announced the launch of its much anticipated flavor line with four naturally and subtly flavored varieties – Lemon, Blackberry, Cucumber and Grapefruit – available for purchase now on their website and in stores soon. Crafted with Boxed Water’s award-winning taste and uncompromising purity, the new flavors offer palette-pleasing hydration options, while continuing to feature the 92% plant-based box – the most renewable option in the water aisle.

«Consumers who support our mission and love our design have passionately called for more flavors almost since our inception, and we are listening,» said Boxed Water CMO, Robert Koenen. «Our flavor launch comes at an exciting time – when consumers are looking for healthy, tasty and eco- friendly options to kick off 2021 and support a better planet. Beyond the ‘new normal’ we are working towards a ‘renewed normal,’ that sets a brighter and higher standard.»

Purified through an eight-step purification process and UV treated, every Boxed Water™ carton promises a crisp, fresh taste. Boxed Water’s line extension will include:

  • Lemon – a classic flavor with a hint of citrus
  • Blackberry – natural berry sweetness for a change of pace
  • Cucumber – spa-influenced refreshing taste
  • Grapefruit – an energizing way to kick start the day

Displaying Boxed Water Is Even Better on each carton, the new packaging incorporates vibrant pops of colors with fruit-inspired designs. The new flavors are offered in Boxed Water’s 92 percent plant-based packaging – the highest rate achieved in the industry to date amongst all carton, aluminum and plastic brands.  Even the cap is plant-based, derived from residue waste from FSC-certified sustainably grown trees used for pulp and bioenergy. Every Boxed Water carton is created out of paper sourced from trees in well managed forests, is 100% recyclable and BPA free.

«Like everything we do at Boxed Water, our core goal with the flavor launch is to support our planet and make sustainability a convenient and accessible choice,» continued Koenen. «Being environmentally conscious can still be a lot of fun, as these boxes and flavors convey.»

Boxed Water will continue to institute their One Million Trees campaign with the new flavors, where consumers are encouraged to post a picture of Boxed Water on social media with #BetterPlanet, and Boxed Water will plant two trees with the National Forest Foundation (NFF). Boxed Water has partnered with the NFF for over five years, planting more than a million trees, to support reforestation efforts in areas affected by wildfires and other natural threats.

Lemon, Blackberry, Cucumber and Grapefruit are available in the standard 500mL size and be available online and at select retailers alongside the brand’s current products: 250 mL, 330 mL, 500 mL and 1L sizes. To inquire about availability for purchase and resale, visit http://bit.ly/flavorwaitlist. To learn more about Boxed Water, visit https://boxedwaterisbetter.com/ or follow them on InstagramFacebook, or Twitter.

ABOUT BOXED WATER
Boxed Water was founded in the belief that sustainability matters with the purpose of changing the way packaged water is shipped, sold and enjoyed. This year, Boxed Water became the most sustainable brand on the market, at 92 percent plant based with their packaging and new plant-based cap. All of Boxed Water’s cartons source paper from trees in well-managed forests – where new trees are continuously planted to replace the ones harvested – and are shipped flat to reduce the number of trucks required for transportation. Boxed Water also fills water close to the source and the consumer to reduce its carbon footprint, and all cartons are 100% recyclable, refillable, and BPA free. Boxed Water is a proud member of 1% For The Planet and partner of the National Forest Foundation and Ocean Blue Project. The simple act of choosing Boxed Water is a statement that sustainability matters. Boxed Water is headquartered in Holland, Michigan with filling locations in Michigan and Utah.

Media Contact 
Boxed Water is Better
844-429-3987
press@boxedwaterisbetter.com 

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Air Liquide inaugurates the world’s largest low-carbon hydrogen membrane-based production unit in Canada

PARIS, Jan. 26, 2021 /PRNewswire/ – Air Liquide has completed the construction of the world’s largest PEM (Proton Exchange Membrane) electrolyzer. Supplied with renewable energy, this unit is now producing up to 8.2 tonnes per day of low-carbon hydrogen in Bécancour, Québec. With this large-scale investment, the Group confirms its long-term commitment to the hydrogen energy markets and its ambition to be a major player in the supply of low-carbon hydrogen.

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PARIS, Jan. 26, 2021 /PRNewswire/ – Air Liquide has completed the construction of the world’s largest PEM (Proton Exchange Membrane) electrolyzer. Supplied with renewable energy, this unit is now producing up to 8.2 tonnes per day of low-carbon hydrogen in Bécancour, Québec. With this large-scale investment, the Group confirms its long-term commitment to the hydrogen energy markets and its ambition to be a major player in the supply of low-carbon hydrogen.

The new 20 MW PEM electrolyser, equipped with Cummins1 technology, is the largest operating unit of its kind in the world and will help meet the growing demand for low-carbon hydrogen in North America. Bécancour’s proximity to the main industrial markets in Canada and the United States will help ensure their supply of low-carbon hydrogen for industrial use and mobility. The commissioning of this electrolysis unit increases by 50% the capacity of Air Liquide’s Bécancour hydrogen production complex.

Compared to the traditional hydrogen production process, this new production unit will avoid the emission of around 27,000 tonnes of CO2 per year, which is equivalent to the emissions of 10,000 cars per year. The choice of Bécancour is based on two attributes of the site: the access to abundant renewable power from Hydro-Québec and the proximity to the hydrogen mobility market in the northeast of the continent.

Susan Ellerbusch, CEO, Air Liquide North America and Group Executive Committee Member: «The fight against climate change is at the heart of the Air Liquide Group’s strategy. The inauguration of the Bécancour site in Canada marks an important step in the implementation of this strategy. With this world’s first, Air Liquide confirms its commitment to the production of low-carbon hydrogen on an industrial scale and its ability to effectively deploy the related technological solutions. Hydrogen will play a key role in the energy transition and the emergence of a low-carbon society.»

Air Liquide’s commitment to hydrogen energy
In the past 50 years, Air Liquide has developed unique expertise enabling it to master the entire hydrogen supply chain, from production and storage to distribution and the development of applications for end users, thus contributing to the widespread use of hydrogen as a clean energy source, for mobility in particular. Air Liquide has designed and installed more than 120 stations around the world to date. Hydrogen is an alternative to meet the challenge of clean transportation and thus contributes to the improvement of air quality. Used in a fuel cell, hydrogen combines with oxygen in the air to produce electricity, emitting only water. It does not generate any pollution at the point of use: zero greenhouse gases, zero particles and zero noise. Hydrogen provides a concrete response to the challenges posed by sustainable mobility and local pollution in urban areas.

About Air Liquide in Canada
Air Liquide started its activity in Canada in 1911 and now has a team of more than 2,500 employees working to serve more than 200,000 customers and patients across Canada. In all of the country’s key industrial regions from coast to coast, Air Liquide offers innovative solutions — gas, equipment and services — in a wide variety of sectors: aeronautics, automotive, agri-food industries, chemical, metallurgy, metal fabrication, mining, oil and gas and healthcare.

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1 After the acquisition of Hydrogenics by CUMMINS, Air Liquide (through its wholly owned subsidiary: The Hydrogen Company) has increased its ownership stake to 19%

A world leader in gases, technologies and services for Industry and Health, Air Liquide is present in 80 countries with approximately 67,000 employees and serves more than 3.7 million customers and patients. Oxygen, nitrogen and hydrogen are essential small molecules for life, matter and energy. They embody Air Liquide’s scientific territory and have been at the core of the company’s activities since its creation in 1902.

Air Liquide’s ambition is to be a leader in its industry, deliver long term performance and contribute to sustainability. The company’s customer-centric transformation strategy aims at profitable, regular and responsible growth over the long term. It relies on operational excellence, selective investments, open innovation and a network organization implemented by the Group worldwide. Through the commitment and inventiveness of its people, Air Liquide leverages energy and environment transition, changes in healthcare and digitization, and delivers greater value to all its stakeholders.

Air Liquide’s revenue amounted to 22 billion euros in 2019 and its solutions that protect life and the environment represented more than 40% of sales. Air Liquide is listed on the Euronext Paris stock exchange (compartment A) and belongs to the CAC 40, EURO STOXX 50 and FTSE4Good indexes.

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