Categoría: Geovanny Vicente

Phytosterols Market Revenue to Hit $1.4 Billion by 2027, Says Global Market Insights, Inc.

SELBYVILLE, Del., Jan. 21, 2021 /PRNewswire/ — The phytosterols market value is anticipated to cross USD 1.4 billion by 2027, according to a new research report by…

SELBYVILLE, Del., Jan. 21, 2021 /PRNewswire/ — The phytosterols market value is anticipated to cross USD 1.4 billion by 2027, according to a new research report by Global Market Insights, Inc. Gaining huge prominence among both young and geriatric populace owing to health benefits associated phytosterols is projected to propel the industry outlook.

Phytosterols industry from campesterol segment is anticipated to exceed 425 million by 2027 owing to increasing its usage in food as it has excellent blood cholesterol-lowering properties. Since campesterol is a steroid derived from plants, thus also helps to reduce cholesterol absorption in intestine which should support the market demand from campesterol product.

Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/776

Some major findings of the phytosterols market report include:

  • Heightened demand for fortified food owing to changing lifestyles is creating favourable growth for the market.
  • Global market from food ingredients application is projected to register over 9% CAGR in the forecast period as it reduces LDL level and used as fat replacers without hampering product texture and taste.
  • Heightened demand for cosmetic application owing to increasing skin care products coupled with increasing individual purchasing power is attributing towards market outlook.
  • Some of the key players operating in the market include Raisio Group, The Unilever Group, DuPont, PrimaPharma, BASF Cognis, DRT, Fenchem, Arboris LLC, Wilmar Spring Fruit Nutrition Products Co., Ltd., ADM, Cargill Inc, Lipofoods, ConnOils, LLC, Vitae Naturals, and Triple Crown.

Browse key industry insights spread across 190 pages with 196 market data tables and 36 figures & charts from the report, «Phytosterols Market Outlook by Application (Pharmaceuticals, Food ingredients, Cosmetics), Product (Beta-Sitosterol, Campesterol, Stigmasterol), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027» in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/phytosterols-market

Europe phytosterols market is anticipated to gain over 9% CAGR through 2027, owing to rise in phytosterol consumption to reduce heart disease and health related issues. Growing consumer awareness towards healthy diet consumption through intake of low levels of cholesterol has led to increasing demand for foods & beverages fortified with phytosterols. Phytosterols are naturally forming compounds found in plants, especially in nuts, pine trees and oil seeds which are extracted for consumption due to its inherent characteristics to lower blood cholesterol level. Phytosterols have structure like that of cholesterol and therefore compete with it in gut, limiting its absorption.

European regulations authorize phytosterol- and phytostanol-fortified products to label their products with a claim that these substances lower blood cholesterol along with reducing the risk of coronary heart disease. These listed factors are fuelling phytosterols industry demand in the region.

Read the latest blog on « Phytosterols: Potential dietary compounds to help lower down the bad cholesterol levels».

https://justpositivity.com/phytosterols-industry/

Browse Related Report:

Plant Based Ingredients Market by Product (Soy, Rice, Pea, Canola, Wheat, Potato, Corn), Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2019 – 2025.

https://www.gminsights.com/industry-analysis/plant-based-ingredients-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com

Related Images

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Phytosterols Industry Forecasts 2027

Related Links

Plant Milk Market Report

Plant Protein Ingredients Market Report

 

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SOURCE Global Market Insights, Inc.

Equinix Joins European Cloud and Data Center Providers to Make Historic Pledge Towards Climate Neutrality by 2030

AMSTERDAM and REDWOOD CITY, Calif., Jan. 21, 2021 /PRNewswire/ — <a target="_blank"…

AMSTERDAM and REDWOOD CITY, Calif., Jan. 21, 2021 /PRNewswire/ — Equinix, the world’s digital infrastructure company, today announced it will join European cloud infrastructure and data center providers and European trade associations, to form the Climate Neutral Data Centre Operator Pact and Self-Regulatory Initiative.

The Pact marks the first time the industry has come together to solidify its commitment to ensure that European data centers are carbon neutral by 2030. The industry is seeking to play a leading role in transitioning Europe to a climate neutral economy, in support of the European Data Strategy and the European Green Deal, which aims to make Europe the world’s first climate neutral continent by 2050.

The Pact also establishes a Self-Regulatory Initiative for the industry, which will set goals to facilitate the transition to a greener economy in Europe. Equinix, and other operator signatories, commit to the measurable and ambitious targets set for 2025 and 2030, which include:

  • Improving the efficiency of energy use
  • Purchasing 100% carbon-free energy
  • Water conservation through the selection of efficient and appropriate cooling solutions
  • Recycling of servers, electrical equipment and other related electrical components
  • Reusing data center heat where practical, environmentally sound and cost effective

The European Commission will monitor progress on achieving the goals outlined by the Initiative twice a year.

Equinix, along with a dozen trade associations and over twenty Cloud and Colocation datacenter operators, announced the formation of the Climate Neutral Data Centre Operator Pact and the Self-Regulatory Initiative at Kickstart Europe.

More information on the Climate Neutral Data Centre Pact, can be found here.

The Pact and Self-Regulatory Framework support and enable Equinix’s sustainability commitments. In 2019 and 2020, Equinix purchased 100% renewable energy for all of its sites in the EU and reached over 90% renewable energy globally. Every megawatt-hour (MWh) of renewable energy procured reduces the carbon footprint of both Equinix and its customers, greening their digital supply chains and addressing the urgency of global climate change.

Quotes

  • Maurice Mortell, Managing Director, Ireland, Equinix:
    «Digital technologies are an essential part of the EU’s goal to become the first climate neutral continent by 2050. Cloud infrastructure and data center providers are a crucial component within this, as we have historically provided cloud first solutions to enhance the carbon efficiency within our sector whilst supporting other industries to meet their own climate neutrality goals. At Equinix we firmly believe that it will take a concerted effort by numerous companies, governments and people to protect our planet and create a better future. Which is why we’re proud to be a signatory of the Climate Neutral Data Centre Operator Pact and Self-Regulatory Initiative, to take a leap forward in ensuring that our industry plays a leading role in taking climate action and transitioning Europe to a green economy.» 
      
  • Alban Schmutz, Chairman, Cloud Infrastructure Services Providers in Europe:
    «With cloud infrastructure the backbone of the European Union’s digital economy, our industry is committed to the idea that we must all play a central role in addressing climate change. This commitment underpins a roadmap for Europe’s cloud infrastructure industry to offer climate neutral services to customers by 2030.» 
      
  • Apostolos Kakkos, Chairman, European Data Centre Association:
    «Data centers are the supporting pillars of the fourth industrial revolution and, as seen during the COVID-19 pandemic and lockdowns, are essential infrastructure of not only the digital economy but of the entire global economy. It is our duty to commit to a self-regulatory initiative that will help to ensure the operational availability, sustainability and the future of our industry.»

Additional Resources

About Equinix
Equinix (Nasdaq: EQIX) is the world’s digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix enables today’s businesses to access all the right places, partners and possibilities they need to accelerate advantage. With Equinix, they can scale with agility, speed the launch of digital services, deliver world-class experiences and multiply their value.

Forward-Looking Statements 
This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from expectations discussed in such forward-looking statements. Factors that might cause such differences include, but are not limited to, the challenges of acquiring, operating and constructing IBX data centers and developing, deploying and delivering Equinix products and solutions, unanticipated costs or difficulties relating to the integration of companies we have acquired or will acquire into Equinix; a failure to receive significant revenues from customers in recently built out or acquired data centers; a failure to complete any financing arrangements contemplated from time to time; competition from existing and new competitors; the ability to generate sufficient cash flow or otherwise obtain funds to repay new or outstanding indebtedness; the loss or decline in business from our key customers; risks related to our taxation as a REIT; and other risks described from time to time in Equinix filings with the Securities and Exchange Commission. In particular, see recent Equinix quarterly and annual reports filed with the Securities and Exchange Commission, copies of which are available upon request from Equinix. Equinix does not assume any obligation to update the forward-looking information contained in this press release.

Equinix. (PRNewsFoto/Equinix) (PRNewsfoto/Equinix, Inc.)

 

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SOURCE Equinix, Inc.

Two Wildlife Sanctuary Managers Receive PASA Leadership Grant

PORTLAND, Ore., Jan. 21, 2021 /PRNewswire-PRWeb/ — The Pan African Sanctuary Alliance (PASA)—the largest alliance of wildlife centers in Africa—proudly announced its new cohort of Norm Rosen Leadership Grant recipients today. Mr. Frederick MacKinnon Onyancha, of Kenya, and Dr. Titus Mukungu, of Uganda, are this year’s grant recipients. PASA awards this grant each year…

PORTLAND, Ore., Jan. 21, 2021 /PRNewswire-PRWeb/ — The Pan African Sanctuary Alliance (PASA)—the largest alliance of wildlife centers in Africa—proudly announced its new cohort of Norm Rosen Leadership Grant recipients today. Mr. Frederick MacKinnon Onyancha, of Kenya, and Dr. Titus Mukungu, of Uganda, are this year’s grant recipients. PASA awards this grant each year to develop leadership for primate protection and wildlife conservation in Africa. The recipients are chosen from nominated professionals working at the 23 wildlife centers and sanctuaries that form the PASA network.

«PASA is committed to developing leaders in primate protection in Africa,» said Gregg Tully, Executive Director of PASA. «This grant is a key way we do this, and we’re inspired by the work Mr. Onyancha and Dr. Mukungu have undertaken at the sanctuaries they represent.»

Mr. Onyancha is the sanctuary manager at Colobus Conservation in Kenya, where he has been on staff since 2018. He brings scientific expertise to his role, and he has attracted grants through proposal writing, networking and lobbying both local and international organizations. Mr. Onyancha recently raised USD $43,000 for a project aimed at the conservation of Mijikenda sacred forests, which are UNESCO World Heritage Sites.

Dr. Titus Mukungu is sanctuary manager and veterinarian at Ngamba Island Chimpanzee Sanctuary in Uganda. He holds a Masters of Science in Veterinary Epidemiology and Public Health from the Royal Veterinary College of the University of London. Responsible for day to day operations as well as the health and well being of the sanctuary’s 50 chimpanzees, Dr. Mukungu oversees a staff of 20 and heads the COVID-19 task force for the sanctuary to ensure the protection of the chimpanzees and the staff, volunteers and visitors from the risk of acquiring the disease. The team also monitors 230 chimpanzees living in the wild, and Dr. Mukungu manages researchers who come to the island as well.

«Running a primate sanctuary is challenging under normal conditions,» said Michele Stumpe, president of the PASA board of directors. «But with the COVID-19 pandemic still raging, it is especially important to invest in talent and ensure that we have skilled professionals who can step into leadership roles.»

The award is named for Norm Rosen, who was instrumental in founding PASA. This year’s recipients will attend PASA’s Strategic Development Conference, an annual event that brings together primate sanctuary leaders from across Africa to share information and develop joint solutions to the challenges facing Africa’s primates, including the bushmeat crisis, wildlife crime, habitat loss, and climate change. Each grantee receives this stipend for three years to foster sustained professional growth.

Fast Facts:

  • Colobus Conservation located in Kenya and Ngamba Island Chimpanzee Sanctuary in Uganda are among the 23 sanctuaries that make up the PASA network.
  • PASA member sanctuaries rescue, rehabilitate and provide long-term care for over 3000 animals. In 2020, they rescued over 250 primates.

Media Contact

Jean Fleming, Pan African Sanctuary Alliance (PASA), +1 925-209-3329, jean@pasa.org

Twitter, Facebook

 

SOURCE Pan African Sanctuary Alliance (PASA)

Supply Chain Decarbonization Offers a Game-Changing Opportunity for Companies to Fight Climate Change

GENEVA, Jan. 21, 2021 /PRNewswire/ — The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, states, and regions doubling in the past year. Decarbonizing supply chains is a major opportunity for companies to put these commitments into practice.

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GENEVA, Jan. 21, 2021 /PRNewswire/ — The commitment to tackling climate change is accelerating in all sectors of society, with net-zero pledges from companies, cities, states, and regions doubling in the past year. Decarbonizing supply chains is a major opportunity for companies to put these commitments into practice.

New research published today by the World Economic Forum and Boston Consulting Group (BCG) shows how tackling supply chain emissions can be a game changer in the global fight against climate change. Net-Zero Challenge: The Supply Chain Opportunity analyzes the top eight global supply chains that account for more than 50% of global greenhouse gas emissions and finds that end-to-end decarbonization of these supply chains would add as little as 1% to 4% to end-consumer costs in the medium term.

The report breaks down the major sources of emissions along each of the eight major supply chains—food, construction, fashion, fast-moving consumer goods, electronics, automotive, professional services, and freight. It assesses the key levers to reduce emissions in each supply chain and shows that many can be easily deployed today and cost very little to implement. The report also points to the global nature of many supply chains, enabling companies to support decarbonization across borders and in countries where governments do not yet prioritize climate action.

The opportunity for impact is especially high for consumer-facing companies, whose supply chain emissions far outweigh their direct emissions from manufacturing. These companies can use their buying power to push for rapid decarbonization and help fund the transition by co-investing with upstream raw-material producers, which struggle to finance the transition alone.

For example, while it costs a steel producer significantly more to make zero-carbon steel, raw input materials like steel account for such a low proportion of end-consumer prices that a zero-carbon car is only about 2% more expensive for the buyer in the medium term.

The report points to nine major actions that CEOs should take today to address supply chain emissions, including:

  • Building a robust view of emissions with supplier-specific data and setting ambitious targets for emissions reductions
  • Redesigning products and reconsidering geographical sourcing strategies to optimize for CO2
  • Cofunding abatement measures and educating suppliers on how to implement low-carbon solutions
  • Engaging in industry ecosystems to share best practices and create a demand signal for green products
  • Aligning incentives internally to ensure that decision makers focus on lowering emissions

Quotes

Nigel Topping, the UNFCCC’s high-level climate action champion, said: «Supply-chain decarbonization will be a ‘game changer’ for the impact of corporate climate action. Addressing Scope 3 emissions is fundamental for companies to realize credible climate change commitments.»

Dominic Waughray, managing director, World Economic Forum, said: «This important report shows how companies have the opportunity to make a hug impact in the fight against climate change by also decarbonizing their supply chains. The interaction between governments and companies to seize this opportunity is an important one. We welcome more leaders to join and help build momentum on this important agenda.»

Patrick Herhold, a report coauthor and managing director and partner at BCG’s Centre for Climate Action, said: «The argument that costs are a major barrier to reducing emissions is increasingly flawed—around 40% of the emissions across the eight major supply chains we analyzed can be eliminated with measures that bring cost savings or are at costs of less than €10 per ton of CO2 equivalent. Increasing process efficiency and the use of recycled materials, as well as buying more renewable power, provides companies with major climate gains at very low costs.»

A copy of the report can be downloaded here.

To arrange an interview with one of the authors, please contact Eric Gregoire at +1 617 850 3783 or gregoire.eric@bcg.com.

About the Davos Agenda and the World Economic Forum
The Davos Agenda is a pioneering mobilization of global leaders aimed at rebuilding trust to shape the principles, policies and partnerships needed in 2021. It features a full week of global programming dedicated to helping leaders choose innovative and bold solutions to stem the pandemic and drive a robust recovery over the next year. Heads of state, CEOs, civil society leaders, and global media will actively participate in almost 100 sessions across five themes. Media can register here.

The World Economic Forum, committed to improving the state of the world, is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business and other leaders of society to shape global, regional and industry agendas.

About Boston Consulting Group
Boston Consulting Group partners with leaders in business and society to tackle their most important challenges and capture their greatest opportunities. BCG was the pioneer in business strategy when it was founded in 1963. Today, we help clients with total transformation—inspiring complex change, enabling organizations to grow, building competitive advantage, and driving bottom-line impact.

To succeed, organizations must blend digital and human capabilities. Our diverse, global teams bring deep industry and functional expertise and a range of perspectives to spark change. BCG delivers solutions through leading-edge management consulting along with technology and design, corporate and digital ventures—and business purpose. We work in a uniquely collaborative model across the firm and throughout all levels of the client organization, generating results that allow our clients to thrive.

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SOURCE Boston Consulting Group (BCG)

Shanghai Electric Strengthens Environmental, Social, and Corporate Governance for Dubai MBR Solar Park Project

SHANGHAI, Jan. 21, 2021 /PRNewswire/ — Shanghai Electric Group («Shanghai Electric» or «the Company») has strengthened its environmental, social, and corporate governance for the Phase 5 project for Dubai’s 900MW Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park), winning praise from Shuaa Energy, the venture leading the project.

<a…

SHANGHAI, Jan. 21, 2021 /PRNewswire/ — Shanghai Electric Group («Shanghai Electric» or «the Company») has strengthened its environmental, social, and corporate governance for the Phase 5 project for Dubai’s 900MW Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park), winning praise from Shuaa Energy, the venture leading the project.

Since construction began in August 2020, Shanghai Electric has dedicated itself to boosting anti-pandemic measures and ensuring employee safety, as well as engaging workers in environmental protection activities. To commend the staff for their hard work, Shuaa Energy CEO Omar Hassan awarded the 2020 Excellent Performance Award to the project department, expressing his gratitude for the past six months of hard work and his confidence in what lies ahead.

The world’s largest solar park

The MBR Solar Park is set to become the world’s largest single-site solar park based on the Independent Power Producer (IPP) model, with a planned total capacity of 5GW and a total investment value of $US136 billion upon completion. It is expected to reduce Dubai’s carbon emissions by 6.5 million tons per year once implemented.

The Phase 5 900MW project will boost MBR Solar Park’s production capacity to 2,863MW, capable of providing electricity to an expected 270,000 households and offsetting up to 1.18 million tons of carbon emissions each year. Thus far, 85% of Phase 5’s design work has been completed, while construction of the high-voltage electricity transmission lines has reached 40%.

As a new global benchmark in the solar industry, the MBR Solar Park deploys some of the world’s most cost-effective solar panels. Leveraging the latest bifacial photovoltaic solar panels, sunlight is captured on both sides of the panel, while an advanced solar tracking system boosts generation efficiency. As the Middle East’s most advanced solar project to date, its realization is due to the robust and fruitful partnership between Shanghai Electric and ACWA Power, established during the park’s Phase 4 solar thermal project and which seeks to drive Dubai’s low-carbon, sustainable development forward.

Anti-pandemic measures for employee safety

As the pandemic persists, Shanghai Electric is adopting extra measures to ensure that their overseas employees are cared for. In fact, those stationed abroad will possess priority to obtain the COVID-19 vaccine. Meanwhile, the company also ensures regular disinfection of the office and accommodation areas, while the project department always has on-hand a comprehensive range of pandemic prevention supplies, including masks, personal protective clothing, goggles, disinfectant, vitamins, medication, and isolation rooms.

To strengthen the connection between Chinese and local employees, birthday parties are organized to bring people together. Games such as table tennis, chess, and cards are held to enhance cohesion and strengthen a sense of belonging. During Chinese New Year, not only will annual benefits be provided to the families of workers overseas, but a special activity that engages Chinese and local employees in writing Spring Festival couplets will be organized in honor of the special cultural celebration.

Environmental and CSR action

Not only is Shanghai Electric dedicated to constructing new energy infrastructure around the world, but it is also committed to engaging its employees in corporate social responsibility and environmental awareness. In August 2020, the company’s Dubai Solar Thermal Project Department heeded the call of the United Arab Emirates (UAE) environmental protection organization and participated in its «My Community, Everybody’s Community» waste recycling activities. During the event, the project department amassed nearly 245 kilograms of recyclables.

Through such initiatives, Shanghai Electric seeks to further its contribution to the UAE’s sustainable development and promote a brighter future for all.

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SOURCE Shanghai Electric

Nel CMD 2021: Launches 1.5 USD/kg target for green renewable hydrogen to outcompete fossil alternatives

OSLO, Norway, Jan. 21, 2021 /PRNewswire/ — Nel ASA (Nel, OSE: NEL) today hosts the Nel Capital Markets Day 2021, outlining the target of producing green hydrogen at USD 1.5 per kilo* by 2025, to outcompete fossil alternatives. Cost reductions through scale-up of production to multi-GW scale, growing the organization to add capacities and capabilities, and investing in technology for the near- and long-term are crucial components in ensuring that Nel continues to be…

OSLO, Norway, Jan. 21, 2021 /PRNewswire/ — Nel ASA (Nel, OSE: NEL) today hosts the Nel Capital Markets Day 2021, outlining the target of producing green hydrogen at USD 1.5 per kilo* by 2025, to outcompete fossil alternatives. Cost reductions through scale-up of production to multi-GW scale, growing the organization to add capacities and capabilities, and investing in technology for the near- and long-term are crucial components in ensuring that Nel continues to be the global leader in the hydrogen industry.

«Green renewable hydrogen is set to outcompete fossil alternatives, and Nel is placed in the centre of this transition. We’re today launching our target which should enable our customers in certain markets to produce green renewable hydrogen from a large-scale Nel facility at 1.5 USD/kg from low cost renewable power, already within 2025. Achieving this would allow green hydrogen to start to reach fossil parity, representing one of the most significant achievement for zero-emission solutions and a carbon neutral planet,» says Jon André Løkke, Chief Executive Officer of Nel.

Nel’s Capital Markets Day 2021 (CMD) outlines the strategy and ambitions towards 2025, addressing the current hydrogen market of 70 million tons, which, by the Hydrogen Council, is expected to grow by 8-times by 2050, largely based on green hydrogen.

«The hydrogen market is already large, but with only a fraction served by electrolysis, there are significant opportunities to turn the existing market green. In addition, we see a regulatory landslide across the globe, with the EU and the US pledging hundreds of billions of dollars into their zero-emission programs where hydrogen serves a vital part as the energy carrier of choice. The growth will not only come from industrial applications, but also from transforming the current diesel-based heavy-duty transportation to run on zero-emission and cost-efficient green hydrogen. These developments require low-cost electrolysis and ultra-fast fueling, both areas where Nel is the global leader,» Løkke adds.

Taking electrolysis to GW-scale

Nel is expanding the electrolysis production to accommodate large-scale projects by constructing a fully automated manufacturing facility at Herøya, Norway. Test production of the first 500 MW production line will commence in the second quarter of 2021 with start of commercial ramp-up in the third quarter 2021. Based on the secured facility at Herøya, Nel today outlines the potential to expand the production capacity at this facility beyond 2 GW annually.

«Herøya represents the first industrial-scale production of the most efficient electrolysers on the market, at a game-changing low cost. The Nel team is continuously working to drive down the cost of hydrogen, where scale-up is key, and will continue to assess the exact timing for the next expansion step. A 2 GW production capacity of electrolysers would represent a potential of four-to-five million tons of CO2 reductions for our customers, or ten percent of the annual CO2 emissions in Norway,» says Jon André Løkke, and continues:

«Nel uniquely covers both PEM and alkaline technologies, each with their respective advantages, and we will continue give them our full support and equal priority. The technology roadmap highlights our priority on large-scale products, continuous improvements, and lowest total cost of ownership for our customers. The hydrogen industry will become increasingly competitive and Nel therefore needs to continue to invest in organization, technology, and equipment to remain in the forefront of the industry.»

Price and ultra-fast fueling is key to outcompete diesel

Nel has delivered more than 110 hydrogen fueling stations (HRS), H2Stations™, in 13 different countries. The global HRS market is expected to grow by 30 percent annually towards 2030, with 11,000 installed fueling stations, in addition to solutions for fueling of private trailer parks, trains, ferries, etc.

«The only way to transform heavy-duty transportation is to beat diesel at the pump. In addition to green hydrogen reaching fossil parity at production, we have to enable fast fueling of hydrogen in a reliable and cost-efficient manner to be able to beat fossil alternatives. Nel has a technology roadmap enabling fueling in 10-15 minutes of a heavy duty truck to achieve a range of 1,000 km, and we are in a good position to continue to lead the hydrogen fueling industry,» Jon André Løkke says.

Reiterates strong market outlook

Nel reiterates the confidence in the long-term potential for the industry, supported by the «green recovery» outlined by various governmental initiatives. The company aims to capitalize on the opportunities by leveraging on the position as a technology front-runner, continued high focus on safety, global presence, scalability, cost leadership, strong financing, and preferred-partner status for industry participants.

«Large opportunities also represent major challenges for Nel going forward, as maintaining a leadership position requires large investments, rapid expansion of the organization, and execution of large-scale projects across the globe in an increasingly competitive environment. In 2021 alone, we will add more than 100 new colleagues, deploy over 25% of the capital raised in 2020 in plant, equipment, and technology development projects, and add more capacity as required by the market. The Capital Markets Day will unveil how Nel will address these challenges, as an emission-free future depends on green hydrogen,» Løkke concludes. 

Event information for Nel Capital Markets Day 2021

Time: 08:00 – around 11:15 CET

Date: 21 January 2021Streaming details: https://channel.royalcast.com/hegnarmedia/#!/hegnarmedia/20210121_3, or www.nelhydrogen.com/CMD

Programme and speakers:  

  • Jon André Løkke, CEO, The global market leader
  • Erik Løkke-Øvre, VP Operations Alkaline, Taking electrolysis to GW-scale
  • Filip Smeets, SVP Electrolyser, Nel electrolyser activities
  • Mikael Norlander, SVP Vattenfall/Hybrit
  • Jørn Rosenlund, SVP Fueling, Nel fueling station activities
  • Joseph S. Cappello, CEO Iwatani Corporation of America
  • Anders Søreng, CTO, Next generation technologies
  • Kjell Christian Bjørnsen, CFO, Financials and ESG
  • Jon André Løkke, CEO, Summary and outlook

The presentation for the CMD is enclosed and the event will be concluded with a Q&A session. Questions can be submitted throughout the CMD.

For further information, please contact:

Jon André Løkke, CEO, +47 907 44 949

Kjell Christian Bjørnsen, CFO, +47 917 02 097

About Nel ASA | www.nelhydrogen.com

Nel is a global, dedicated hydrogen company, delivering optimal solutions to produce, store, and distribute hydrogen from renewable energy. We serve industries, energy, and gas companies with leading hydrogen technology. Our roots date back to 1927, and since then, we have had a proud history of development and continuous improvement of hydrogen technologies. Today, our solutions cover the entire value chain: from hydrogen production technologies to hydrogen fueling stations, enabling industries to transition to green hydrogen, and providing fuel cell electric vehicles with the same fast fueling and long range as fossil-fueled vehicles – without the emissions.

*Assumptions: Nel analysis based on electricity of 20 $/MWh, >8% cost of capital, cost of land, civil works, installation, commissioning, building water etc., lifetime 20 years incl. O&M cost, at 30 bar.

This information was brought to you by Cision http://news.cision.com

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SOURCE NEL ASA

East Coast Housing Market Continues To Dominate Areas Most Vulnerable To Coronavirus Impact

IRVINE, Calif., Jan. 21, 2021 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database, today released its fourth-quarter 2020 Special Coronavirus Report spotlighting county-level housing markets around the United States that are more or less…

IRVINE, Calif., Jan. 21, 2021 /PRNewswire/ — ATTOM Data Solutions, curator of the nation’s premier property database, today released its fourth-quarter 2020 Special Coronavirus Report spotlighting county-level housing markets around the United States that are more or less vulnerable to the impact of the virus pandemic. The report shows that pockets of the Northeast and other parts of the East Coast remained most at risk in the fourth quarter – with clusters in the New York City and Philadelphia, PA areas – while the West continued to be less vulnerable.

The report reveals that New Jersey, Illinois, California, Louisiana, New York, Florida and Maryland had 40 of the 50 counties most vulnerable to the economic impact of the pandemic in the fourth quarter of 2020. They included eight suburban counties in the New York City metropolitan area, four around Philadelphia, PA, and two near Washington, D.C. Another six sat in the Chicago, IL, suburbs and two were in the St. Louis, MO area.

Five of the seven western counties in the top 50 during the fourth quarter were in northern California, while Illinois had eight of the nine midwestern counties among those most vulnerable. Outside of Florida and Maryland, the only southern state with more than two counties in the top 50 was Louisiana.

Fourth-quarter trends generally continued those found in the third quarter of 2020, but with different concentrations around several major metropolitan areas. The number of counties among the top 50 most at-risk was up from five to eight in the New York, NY, area and from three to six in the Chicago, IL, area, but down from four to two in the Washington, D.C., region and from four to one in the Baltimore, MD area.

Markets are considered more or less at risk based on the percentage of homes facing possible foreclosure, the portion with mortgage balances that exceed the estimated property value and the percentage of average local wages required to pay for major home ownership expenses.

The conclusions are drawn from an analysis of the most recent home affordability, equity and foreclosure reports prepared by ATTOM. Rankings were based on a combination of those three categories in 499 counties around the United States with sufficient data to analyze in the fourth quarter. Counties were ranked in each category, from lowest to highest, with the overall conclusion based on a combination of the three ranks. See below for the full methodology.

The findings come as the national housing market continues to withstand the effect of the virus pandemic while also remaining vulnerable to a fall. Home values shot up in 2020 by more than 10 percent in about three-quarters of the country, even as significant portions of the economy were shut down or idled, spiking unemployment. But amid a halting economic recovery, the ongoing market boom faces major questions connected to how long the pandemic will last, whether another recession looms and if a surge of buyers seen last year continues.

«Areas of the U.S. most at risk from damage connected to the Coronavirus pandemic spread out somewhat in the fourth quarter of 2020. But they still fell mainly along the East Coast, with significant pockets in certain areas, while other parts of the country seem to be less vulnerable,» said Todd Teta, chief product officer with ATTOM Data Solutions. «This report is not a sign that any area actually took a fall in the fourth quarter. It’s more a gauge of areas that may be more vulnerable if the market falters. In the coming months, much will depend on whether the country can halt the pandemic. We will continue to keep a close watch on home sales and prices to see how everything shakes out in 2021 and if changes hit different regions in different ways.»

Most vulnerable counties clustered around New York City, Philadelphia and Chicago 
Eighteen of the 50 U.S. counties most at-risk in the fourth quarter of 2020 from housing market troubles connected to the pandemic (from among the 499 counties with enough data to be included in the report) were in metropolitan statistical areas around New York, NY, Philadelphia, PA, and Chicago, IL.

They included eight in or near the New York City suburbs (Bergen, Essex, Ocean, Passaic and Sussex counties in New Jersey, along with Dutchess, Orange and Rockland counties in New York), and four around Philadelphia, PA (Burlington, Camden and Gloucester counties in New Jersey plus Delaware County, PA). The other six were in the Chicago, IL, suburbs (DuPage, Kane, Kendall, Lake, McHenry and Will counties). The New York and Chicago metropolitan areas saw increases from the third quarter of 2020 in the numbers of counties in the top 50 list.

While seven of Connecticut’s eight counties made the top 50 list in the third quarter of 2020, just two did in the fourth quarter – Litchfield and Windham counties. The number of counties on the list in the Baltimore, MD, metro area also fell notably in the fourth quarter, from four to one (Carroll County) and dropped from four to two in the Washington, D.C, area (Charles County, MD, and Prince George’s County, MD).

The only western counties among the top 50 most at risk from problems connected to the Coronavirus outbreak in the fourth quarter of 2020 were Butte County (Chico), CA; El Dorado County, CA (outside Sacramento); Humboldt County (Eureka), CA; Madera County, CA (outside Fresno); San Bernardino County, CA; Shasta County (Redding), CA; and Santa Fe County, NM.

Louisiana also had four counties in the top 50 during the fourth quarter – Caddo Parish (Shreveport), Livingston Parish (outside Baton Rouge), Orleans Parish (New Orleans) and Tangipahoa Parish (north of New Orleans). Florida had another three – Bay County (Panama City) Charlotte County (outside Fort Myers) and Flagler County (outside Daytona Beach).

Higher levels of unaffordable housing, underwater mortgages and foreclosure activity in most-at-risk counties 
Major home ownership costs (mortgage payments, property taxes and insurance) consumed more than 30 percent of average local wages in 36 of the 50 counties that were most vulnerable to market problems connected to the virus pandemic in the fourth quarter of 2020. The highest percentages in those counties were in Rockland County (65 percent of average wages needed for major ownership costs); El Dorado County, CA, (outside Sacramento) (57.8 percent); Bergen County, NJ (outside New York City) (55.3 percent); Delaware County, PA (outside Philadelphia) (52 percent) and Beaufort County (Hilton Head), SC (51.7 percent). Nationwide, major expenses on the median-priced home typically consumed 29.6 percent of average wages.

At least 15 percent of mortgages were underwater in the third quarter of 2020 (the latest data available on owners owing more than their properties are worth) in 33 of the 50 most at-risk counties. Nationwide, 12.3 percent of mortgages fell into that category. Those with the highest underwater rates in those counties were Lowndes County (Valdosta), GA (36.8 percent of mortgages underwater); Hardin County, KY (outside Louisville) (32.8 percent); Cumberland County (Vineland), NJ (30.8 percent); Caddo Parish (Shreveport), LA (28.6 percent) and Atlantic County (Atlantic City), NJ (27.8 percent).

More than one in 2,500 residential properties faced a foreclosure action in the third quarter of 2020 (the latest available data) in 29 of the 50 most at-risk counties. Nationwide, one in 5,048 homes were in that position. (Foreclosure actions dropped about 80 percent last year amid a federal moratorium on banks taking back properties from homeowners behind on their mortgages during the virus pandemic.) Those with the highest rates in those counties were Hardin County, KY (outside Louisville) (one in 1,032 residential properties facing possible foreclosure); Onslow County (Jacksonville), NC (one in 1,090); Caddo Parish (Shreveport), LA (one in 1,361); Saint Clair County, IL (outside St. Louis, MO) (one in 1,409) and Livingston Parish, LA (outside Baton Rouge) (one in 1,562).

Counties least at-risk concentrated in Colorado, Massachusetts, Minnesota and Texas 
Eighteen of the 50 counties least vulnerable to pandemic-related problems from among the 499 included in the fourth-quarter report were in Colorado, Massachusetts, Minnesota and Texas. They were concentrated in the Denver, Boston, Minneapolis, Houston and Dallas metro areas. The largest of the 50 least at-risk counties were Harris County (Houston), TX; King County (Seattle), WA; Clark County (Las Vegas), NV; Tarrant County (Fort Worth), TX and Middlesex County, MA (outside Boston).

Others among the 50 least at-risk counties with a population of at least 500,000 included Hennepin County (Minneapolis), MN; Suffolk County (Boston), MA; Essex County, MA (outside Boston); Norfolk County, MA (outside Boston) and Denver County, CO.

Lower levels of unaffordable housing, underwater mortgages and foreclosure activity in less vulnerable counties 
Major home ownership costs (mortgage, property taxes and insurance) consumed less than 30 percent of average local wages in 33 of the 50 counties that were least at-risk from market problems connected to the virus pandemic in the fourth quarter of 2020. The lowest percentages in those counties were in Marion County (Indianapolis), IN (18.6 percent of average local wages required for major ownership costs); Benton County (Rogers), AR (19.6 percent); Potter County (Amarillo), TX (20.4 percent); Niagara County (Niagara Falls), NY (20.5 percent) and Macomb County, MI (outside Detroit) (20.6 percent).

More than 15 percent of mortgages were underwater in the third quarter of 2020 (with owners owing more than their properties are worth) in none of the 50 least at-risk counties. Those with the lowest rates in those counties were Chittenden County (Burlington), VT (3.5 percent); King County (Seattle), WA (4.8 percent); Washington County, OR (outside Portland) (4.8 percent); Marion County (Salem), OR (5.2 percent) and Boulder County, CO (5.2 percent).

More than one in 2,500 residential properties faced a foreclosure action in the third quarter of 2020 in none of the 50 least at-risk counties. Those with the lowest rates in those counties included Eau Claire County, WI (no residential properties facing possible foreclosure); Norfolk County, MA (outside Boston) (one in 277,275); Marion County (Salem) OR (one in 125,190); Clark County (Las Vegas), NV (one in 88,856); Suffolk County (Boston), MA (one in 83,310) and Middlesex County, MA (outside Boston) (one in 79,073).

Report methodology 
The ATTOM Data Solutions Special Coronavirus Market Impact Report is based on ATTOM’s third-quarter 2020 residential foreclosure and underwater property reports and fourth-quarter 2020 home affordability report. (Press releases for those reports show the methodology for each.) Counties with sufficient data to analyze were ranked based on the percentage of residential properties with a foreclosure filing during the third quarter of 2020, the percentage of properties with outstanding mortgage balances that exceeded estimated market values in the third quarter of 2020 and the percentage of average local wages need to afford the major expenses of owning a median-priced home in the fourth quarter of 2020. Ranks then were added up to develop a composite ranking across all three categories. Equal weight was given to each category. Counties with the lowest composite rank were considered most vulnerable to housing market problems. Those with the highest composite rank were considered least vulnerable.

About ATTOM Data Solutions 
ATTOM Data Solutions provides premium property data to power products that improve transparency, innovation, efficiency and disruption in a data-driven economy. ATTOM multi-sources property tax, deed, mortgage, foreclosure, environmental risk, natural hazard, and neighborhood data for more than 155 million U.S. residential and commercial properties covering 99 percent of the nation’s population. A rigorous data management process involving more than 20 steps validates, standardizes and enhances the data collected by ATTOM, assigning each property record with a persistent, unique ID — the ATTOM ID. The 20TB ATTOM Data Warehouse fuels innovation in many industries including mortgage, real estate, insurance, marketing, government and more through flexible data delivery solutions that include bulk file licenses, property data APIs, real estate market trends, marketing lists, match & append and introducing the first property data delivery solution, a cloud-based data platform that streamlines data management – Data-as-a-Service (DaaS).

Media Contact:
Christine Stricker
949.748.8428
christine.stricker@attomdata.com 

Data and Report Licensing:
949.502.8313
datareports@attomdata.com 

 

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SOURCE ATTOM Data Solutions

Emerging from COVID: An Opportunity to Reinvent Credit for Latino-Owned Businesses

LOS ANGELES, Jan. 21, 2021 /PRNewswire/ — The Q4 2020 Latino Small Business Credit Survey edition is a review of 2020 highlighting credit trends relating to Latino-Owned Businesses (LOBs). Based on our report findings, Camino Financial offers policy…

LOS ANGELES, Jan. 21, 2021 /PRNewswire/ — The Q4 2020 Latino Small Business Credit Survey edition is a review of 2020 highlighting credit trends relating to Latino-Owned Businesses (LOBs). Based on our report findings, Camino Financial offers policy guidance for the new Biden-Harris administration to promote the financial inclusion of LOBs.

Camino Financial offers policy guidance for the Biden-Harris administration to promote the financial inclusion of LOBs.

The report shows the lack of PPP and other government relief programs reaching the Latino business community. Only 2.5% of LOBs without a pre-existing relationship with a lender received government relief, compared to 16.5% for those with a pre-existing lender relationship.

In addition, the report shows the emergence of Haves and Have-Nots within the LOB community. The survey shows that lenders are targeting larger businesses with longer operational history and higher credit scores. This asymmetric approach to lending creates barriers for LOBs that skew lower on their size and credit history, preventing them from obtaining capital.

  • In 2019, LOBs based in Low to Moderate-Income (LMI) areas were 10.6% smaller and generated $25.4K less than those based in non-LMI areas.
  • Whereas in 2020, LOBs based in LMI areas were 25.1% smaller and generated $64.7K less than those based in non-LMI areas.

Based on report findings, Camino Financial recommends the following: 

Define «micro businesses» and design loan programs around this large cohort: When LOBs apply and qualify for PPP or other government loans, they often do not receive the full amount requested, and must look to private lenders to bridge the difference.

  • In Q4 2020, more than 85% of LOBs earned less than $300k in annual revenue, roughly half the size relative to the national average.

Target relief in LMI areas: In order for lenders to gain confidence in lending to more sectors, the Biden administration must focus on recovery for businesses in LMI areas that are historically left out.

  • 87% of LOBs operate in low to moderate-income (LMI) areas.

Create simple onboarding and training programs: Offering the appropriate credit and educational experience will increase creditworthiness and decrease the negative bias effect against smaller LOBs.

About Camino Financial

Camino Financial is a data-driven fintech platform pioneering affordable credit for U.S. small businesses. Learn more at www.caminofinancial.com

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SOURCE Camino Financial, Inc.

U.S. Mayors Celebrate President Biden’s Day One Focus on Rooting Out Systemic Racism and Supporting Underserved Communities

WASHINGTON, Jan. 20, 2021 /PRNewswire/ — On his first day in office, President Joe Biden took executive action to advance a racial equity agenda that aligns with U.S. Conference of Mayors’ (USCM) priority initiatives of dismantling systemic racism and ensuring the human and civil rights of all Americans. Welcoming the executive orders signed by the president, USCM President and Louisville Mayor Greg Fischer issued the following…

WASHINGTON, Jan. 20, 2021 /PRNewswire/ — On his first day in office, President Joe Biden took executive action to advance a racial equity agenda that aligns with U.S. Conference of Mayors’ (USCM) priority initiatives of dismantling systemic racism and ensuring the human and civil rights of all Americans. Welcoming the executive orders signed by the president, USCM President and Louisville Mayor Greg Fischer issued the following statement:

«It’s a new day in America, and mayors across the country applaud President Biden for making good on his day-one promise to address the systemic and institutional racism that has for too long denied equal rights, access and opportunity to too many people. The global health pandemic has not only stolen the lives of our family and friends, but it has also disproportionately affected communities of color and has forced us to more quickly, more aggressively and more transformationally confront the realities of how deep the ills of racial inequity run in our government, our systems, and our collective communities.  

«In response to the pandemic, America’s mayors have marshaled our resources, our collective wisdom, our energy, and our compassion to create actionable plans to rebuild our country and we are heartened to now have the leadership necessary to begin dismantling inequitable systems and processes that have impeded pathways to opportunity and justice. President Biden’s actions today have the power to fundamentally transform and bring much-needed balance to all levels of government—in areas ranging from health care to criminal justice—for generations to come. Mayors are committed to this important work and will remain steadfast in our responsibility to root out racism, support underserved communities, and advance necessary change at the local level.»

About the United States Conference of Mayors — The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are more than 1,400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Like us on Facebook at facebook.com/usmayors, or follow us on Twitter at twitter.com/usmayors.

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SOURCE U.S. Conference of Mayors

U.S. Mayors Applaud President Biden’s Day One Action on Climate Change, Efforts to Advance Environmental Justice

WASHINGTON, Jan. 20, 2021 /PRNewswire/ — In recognition of the four concurrent crises facing our nation, President Joe Biden took executive action today on issues including racial equity, immigration, the ongoing COVID pandemic and climate change. On the issue of climate change, the President has taken numerous actions consistent with longstanding U.S. Conference of Mayors’ (USCM) policy. Most notably, he rejoined the Paris Agreement on Climate Change, reestablishing…

WASHINGTON, Jan. 20, 2021 /PRNewswire/ — In recognition of the four concurrent crises facing our nation, President Joe Biden took executive action today on issues including racial equity, immigration, the ongoing COVID pandemic and climate change. On the issue of climate change, the President has taken numerous actions consistent with longstanding U.S. Conference of Mayors’ (USCM) policy. Most notably, he rejoined the Paris Agreement on Climate Change, reestablishing America’s role in the global effort to combat climate change and revoked executive actions by the Trump Administration that threatened the nation’s public health and environment. In response to these Day One actions, USCM President and Louisville Mayor Greg Fischer issued the following statement:

«The rejection of science that has guided our nation’s posture regarding climate change over the last four years has left mayors and local leaders to pick up a discarded mantle of environmental leadership. In response, American mayors prioritized local investments in sustainable infrastructure, supported development of innovative technologies and redoubled efforts to maintain and expand national obligations under the Paris Agreement, despite a federal government that had abandoned its international role.

«America’s mayors welcome the Federal Government back to the climate change fight. We are grateful to have a federal partner who is willing to work with us to expand local climate solutions to protect our health and spur our economy. We applaud President Biden for elevating issues related to environmental justice, in recognition of the disparities felt by those in underserved communities, and we look forward to collaborating to create a new, healthier, cleaner and more prosperous America based on innovative and green solutions that have originated in cities across the nation.»

About the United States Conference of Mayors — The U.S. Conference of Mayors is the official nonpartisan organization of cities with populations of 30,000 or more. There are more than 1,400 such cities in the country today, and each city is represented in the Conference by its chief elected official, the mayor. Like us on Facebook at facebook.com/usmayors, or follow us on Twitter at twitter.com/usmayors.

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SOURCE U.S. Conference of Mayors