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CIT Leads $69 Million Financing for Solar Portfolio

NEW YORK, Jan. 13, 2021 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Power…

NEW YORK, Jan. 13, 2021 /PRNewswire/ — CIT Group Inc. (NYSE: CIT) today announced that its Power and Energy business led a $69 million financing for a portfolio of solar facilities owned and operated by Strata Solar LLC, a leading integrated solar and storage energy service provider based in North Carolina.

The 23 operating solar assets in the portfolio, a majority of which are located in North Carolina, have a combined capacity of more than 130 megawatts. Output from the solar assets is covered by purchase agreements that ensure a steady demand for the renewable power they generate.

«Solar power is an increasingly important source of clean, renewable energy,» said Jimmy Chuang, Chief Capital Markets Officer of Strata Solar. «We appreciated CIT’s expertise and agility in arranging financing for this portfolio of solar facilities.»

«Strata Solar has a well-earned reputation for excellence in solar power development, and we are pleased to support their continuing efforts with this latest financing,» said Mike Lorusso, managing director and group head of CIT’s Power and Energy business.

CIT consistently ranks among the nation’s top lenders for renewable energy projects, as reported by market research firm Inframation, an Acruis company. CIT also was recognized as Renewable Energy Lead Arranger of the Year in 2020 by Power Finance & Risk, a top energy industry trade publication.

Power and Energy, part of CIT’s Commercial Finance division, leverages its deep industry knowledge and expertise to offer comprehensive financing solutions for renewable and conventional power generation. The unit manages a large, diverse portfolio that includes investments in all asset classes across the energy sector.

About CIT
CIT is a leading national bank focused on empowering businesses and personal savers with the financial agility to navigate their goals. CIT Group Inc. (NYSE: CIT) is a financial holding company with over a century of experience and operates a principal bank subsidiary, CIT Bank, N.A. (Member FDIC, Equal Housing Lender). The company’s commercial banking segment includes commercial financing, community association banking, middle market banking, equipment and vendor financing, factoring, railcar financing, treasury and payments services, and capital markets and asset management. CIT’s consumer banking segment includes a national direct bank and regional branch network. Discover more at cit.com/about.

About Strata Solar
Strata Solar is a leading provider of utility-scale solar and battery-energy-storage systems. The company’s integrated approach, which includes development, financing, engineering, procurement, construction, and operations and maintenance, allows Strata to consistently develop and build highly profitable, clean-energy projects for clients with long-term ownership in mind.

MEDIA RELATIONS:
John M. Moran
212-461-5507
john.moran@cit.com

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SOURCE CIT Group Inc.

Covalent Taps IBM Blockchain to Help Track the Carbon Impact of its AirCarbon®-based Fashion Goods

ARMONK, N.Y., Jan. 13, 2021 /PRNewswire/ — IBM (NYSE: IBM) and Covalent, a fashion brand recently launched by Newlight Technologies, today announced that Covalent is using IBM Blockchain technology on IBM LinuxONE so consumers can track the carbon footprint and supply chain of its sustainable, AirCarbon-based fashion accessories, from…

Purchasing sustainable products is a growing motivation for consumers. A recent study by IBM showed 57% of consumers surveyed were willing to change their shopping habits to reduce environmental impact.

Covalent’s products, which can be purchased on its website, are made with AirCarbon, a biomaterial made by microorganisms that is meltable and can be used as an alternative to fiber, plastic and leather. Because it is made using renewable power, AirCarbon is certified as carbon-negative by the Carbon Trust, meaning it reduces the amount of carbon in the air.

In addition to being part of a new category of «regenerative» products emerging that can have a positive impact on the amount of carbon in the atmosphere, Covalent’s AirCarbon-based products provide a new level of traceability through the application of IBM Blockchain technology. Often, when consumers buy products labeled as sustainable fashion, they cannot see a verified record of how the product was made or how it affects the environment. Covalent’s products bridge that gap with a blockchain-based number that can be used to show the steps in the production process for that specific product as well as its third-party-verified carbon impact so customers can view impact the product is having on the environment.

A unique 12-digit number printed on each Covalent product, known as the «Carbon Date,» represents the time when the AirCarbon used to create that specific product was created. The number can be entered into Covalent’s website to trace the steps that went into creating the product. The supply chain journey that brought each product to life is stored in an immutable record on the blockchain and stretches from when the AirCarbon was formed and molded into a handbag to who independently verified its carbon footprint and when it was moved to a stockroom.

«Our goal was to give people the information they need to decide what kind of impact they want to make,» Newlight CEO Mark Herrema said. «With IBM Blockchain and LinuxONE technology, we can now provide visibility into not only the steps used to make each Covalent product, but also the carbon impact that each specific product has on the environment. For us, that’s important, because it helps make tangible the unique pathway that led to the creation of that product.»

By working with IBM Business Partner Cognition Foundry, a services provider and systems integrator, Covalent is able to host its IBM Blockchain solution on IBM LinuxONE, a highly secured server for mission critical workloads and that provides scalability and resiliency, including the industry’s first and only FIPS 140-2 Level 4 certified Hardware Security Module (HSM).^[1]

«Blockchain’s ability to foster trust gives Covalent’s customers a better understanding of how their products were made,» said Alistair Rennie, General Manager of IBM Blockchain. «In turn, Covalent can create a better customer experience, and a better opportunity for consumers to understand how their choices impact the environment. This is another great example of how blockchain is supporting our mission of using technology for good.»

For information on how IBM is using blockchain for social good, please visit here.

About Newlight Technologies

Founded in 2003, Newlight Technologies is a biotechnology company in Huntington Beach, California dedicated to producing materials that help improve life. After over ten years of research, Newlight developed AirCarbon: a regenerative material made by natural ocean microorganisms that is being used to replace synthetic plastic and fibers to help solve plastics pollution and climate change. AirCarbon was named «Biomaterial of the Year» by the Nova Institute and «Innovation of the Year» by Popular Science. Newlight was also recognized as a «Technology Pioneer» by the World Economic Forum and awarded the Presidential Green Chemistry Challenge Award by the U.S. Environmental Protection Agency.

About IBM Blockchain

IBM is recognized as the leading enterprise blockchain provider. The company’s research, technical and business experts have broken barriers in transaction processing speeds, developed the most advanced cryptography to secure transactions, and are contributing millions of lines of open source code to advance blockchain for businesses. IBM is the leader in open-source blockchain solutions built for the enterprise. Since 2016, IBM has worked with hundreds of clients across financial services, supply chain, government, retail, digital rights management and healthcare to implement blockchain applications, and operates a number of networks running live and in production. The cloud-based IBM Blockchain Platform delivers the end-to-end capabilities that clients need to quickly activate and successfully develop, operate, govern and secure their own business networks. IBM is an early member of Hyperledger, an open source collaborative effort created to advance cross-industry blockchain technologies. For more information about IBM Blockchain, visit https://www.ibm.com/blockchain/ or follow us on Twitter at @ibmblockchain.

Media Contact:
Anthony Colucci, IBM External Relations
Anthony.colucci@ibm.com

^[1] The Federal Information Processing Standard (FIPS) Publication 140-2 is a U.S. government computer security standard used to approve cryptographic modules. It is issued by the National Institute of Standards and Technology (NIST). Level 4 is the highest level of security.

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SOURCE IBM

Leading Provider of Customized Compliance Solutions HCG Associates Completes Integration with MaxPSM

TAUNTON, Mass., Jan. 13, 2021 /PRNewswire-PRWeb/ — HCG Associates (HCG), a leading nationwide provider of professional environmental health and safety (EH&S), compliance advice and support to leading organizations in the industrial refrigeration, manufacturing, storage/distribution, and critical environment sectors, today announced it has integrated operations with MaxPSM, a regional provider of Process Safety Management (PSM) solutions for anhydrous ammonia refrigeration systems.

MaxPSM…

MaxPSM Founder and President G.J. «Max» Lindsay will continue to serve as a Regional Director at HCG and remain active in the management and integration of the two businesses.

By joining forces and benefiting from the synergies of the two firms, HCG is increasing its technical scale and depth of customized compliance solutions while assisting their combined clients with an increased portfolio of services. As a direct result of the acquisition, HCG will continue to provide nationwide consulting services to both companies’ existing clients, while expanding its national focus with regional offices in Wisconsin, Virginia, and Massachusetts.

«We plan to integrate the businesses methodically and ensure that our clients continue to receive the highest quality service without any disruptions,» said Scott Sweet, President, HCG Associates. «Today, two premier Process Safety and Environmental, Health and Safety (EHS) consulting firms are about to become even better. We’re excited to bring these benefits to our customers and employees and are even more delighted that an industry expert like Max is now part of our team.»

For more information on today’s announcement and how to work with HCG, please contact Scott Sweet at (857) 299-7240, or email him at ssweet@hcgassoc.com.

Media Contact

Bill McCue, McCuenications PR, +1 (718) 208-7391, bill.mccue@gmail.com

Bill McCue, McCuenications PR, bill.mccue@gmail.com

SOURCE HCG

Run on Less Shows How Far Electric Trucking Has Come in 2021

FORT WAYNE, Ind., Jan. 13, 2021 /PRNewswire-PRWeb/ — RMI and NACFE are announcing the third in their bi-annual Run on Less trucking demonstration run series. This year’s Run on Less will focus on electric trucking, with 10 dedicated trucks and their drivers reporting real-time data to show the current state of electric trucking technology in the freight industry.

Supported by title sponsors including Dana, Meritor, and Shell, the Run on Less—Electric (RoL-E) demonstration vehicles will…

Supported by title sponsors including Dana, Meritor, and Shell, the Run on Less—Electric (RoL-E) demonstration vehicles will include electric vans, medium-duty box trucks, and heavy-duty trucks moving freight in a variety of conditions and geographic areas. In order to increase electric truck adoption and deployment, RoL-E will help fleets, charging infrastructure companies, utility companies, and policymakers better understand the current benefits and challenges of hauling freight with electric trucks.

«Supply chain disruptions during the pandemic have shown all of us how essential freight movement is to our daily lives. We also know that this industry has an important journey ahead to decarbonize. The surest road to zero-emissions goods movement, and a 1.5° C future, is with battery-powered vehicles,» said RMI CEO Jules Kortenhorst.

To complement the RoL-E demonstration and data collection components, RMI and NACFE will also host a series of virtual educational events (E-series) to convene industry stakeholders to discuss the why and how of electric truck deployments. An opportunity to learn from leaders in fleet electrification beyond the formal Run participants, the public E-series will include discussions with fleet managers, charging providers, utilities, engineering firms, policymakers, and more.

«Rather than a typical webinar where experts teach what they already know, the E-series will bring together stakeholders from across the industry to support innovation, collaboration, and the acceleration of zero-emissions goods movement,» says NACFE Board Chair and Schneider EVP & Chief Administrative Officer Rob Reich.

RMI and NACFE are currently seeking applications from fleets interested in participating in the Run. Sponsorship opportunities are also available for the event.

Learn more about Run on Less and apply to participate or support RoL-E at: http://www.runonless.com

Media Inquiries please contact:
Alexandra Chin, Media Relations Associate, T: +1 646-883-1733‬, E: achin@rmi.org

Note to Editors:
RMI & NACFE will hold a virtual press conference on Wednesday, January 13, 2021 at 11 a.m. EST. Join the press conference at: https://rmi-org.zoom.us/j/6552523260

About the North American Council for Freight Efficiency
The North American Council for Freight Efficiency (NACFE) works to drive the development and adoption of efficiency enhancing, environmentally beneficial, and cost-effective technologies, services, and operational practices in the movement of goods across North America. NACFE provides independent, unbiased research, including Confidence Reports on available technologies and Guidance Reports on emerging ones, which highlight the benefits and consequences of each, and deliver decision-making tools for fleets, manufacturers, and others. NACFE partners with Rocky Mountain Institute (RMI) on a variety of projects including the Run on Less fuel efficiency demonstration series, electric trucks, emissions reductions, and low-carbon supply chains. Learn more at http://www.nacfe.org and follow NACFE on Twitter @NACFE_Freight.

About Rocky Mountain Institute
Rocky Mountain Institute (RMI)—an independent nonprofit founded in 1982—transforms global energy use to create a clean, prosperous, and secure low-carbon future. It engages businesses, communities, institutions, and entrepreneurs to accelerate the adoption of market-based solutions that cost-effectively shift from fossil fuels to efficiency and renewables. RMI [i1] has offices in Basalt and Boulder, Colorado; New York City; Washington, D.C.; and Beijing.

More information on RMI can be found at http://www.rmi.org or follow us on Twitter @RockyMtnInst.

Media Contact

Alexandra Chin, Rocky Mountain Institute, 9732620002, achin@rmi.org

SOURCE Rocky Mountain Institute

8 Rivers Capital and City of Estevan Awarded Federal Grant to Perform A Feasibility Study on a NET Power Plant Deployment in Saskatchewan

ESTEVAN, Saskatchewan, Jan. 13, 2021 /PRNewswire/ — 8 Rivers Capital and the City of Estevan have been awarded a grant to undertake a feasibility study for a commercial-scale NET Power plant deployment. The grant was awarded through Western Economic Diversification Canada and the Coal Community Transition initiative. As a world pioneer in power sector carbon capture and storage, Estevan is an ideal location for one of the initial…

NET Power’s Allam-Fetvedt cycle technology combusts natural gas with oxygen, as opposed to air, and uses supercritical carbon dioxide as a working fluid to drive the turbine and produce zero emissions electricity. This cycle can hit the same efficiency of a traditional power plant while capturing all of its CO2 and eliminating all air pollutants. As the inventor of the Allam-Fetvedt cycle, 8 Rivers is ideally situated to partner with Estevan to hit their energy and economic goals.

Bill Brown, CEO at 8 Rivers Capital and NET Power, said: «We look forward to working with Estevan to drive power production where clean is cheaper than dirty. A November 2020 MIT study characterized the underlying technology as «a real game changer.» 8 Rivers is proud to deploy the NET Power technology in partnership with Estevan. Working with Estevan and leaders in Ottawa, Regina and other provincial and local governments—as well as with private entities like Canada Clean Energy Corporation—we can create jobs and deploy zero emission NET Power plants in a way that allows the entire country to achieve its net-zero emissions goal at the lowest possible costs.

8 Rivers will lead the Feasibility Study, performing engineering and economic analysis tailored to an Estevan deployment of the NET Power technology, work which will be overseen by the City of Estevan and funded by Western Economic Diversification Canada.

«We have been working hard to identify economic development opportunities like this for our city and we are excited to see more projects and studies moving ahead in Estevan.» Said City Manager Jeff Ward. «Working with 8 Rivers, we hope to be able to develop a strong plan that we can present to the provincial and federal governments during discussions around the future of power generation in Estevan.»

8 Rivers Capital, LLC is a Durham, NC-based firm leading the innovation of sustainable, infrastructure-scale technologies. As the inventor of the Allam-Fetvedt Cycle, 8 Rivers is also focusing on developing direct air capture, retrofit carbon capture, clean hydrogen well below $1 per kg, and uses for the CO₂ captured by the cycle, including the production of ethylene and other valuable products and the removal of sulfur impurities from gas streams. For more information, please visit: www.8Rivers.com

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SOURCE 8 Rivers Capital, LLC

Collections in Affordable Housing Rebound in December; Occupancy Tightens Across All Asset Classes

SOLON, Ohio, Jan. 13, 2021 /PRNewswire/ — Although uncertainty surrounding a stimulus package characterized most of December, rates of collections in affordable and public housing were surprisingly high for the month, with public housing reaching 97% of 2019 rates and affordable housing reaching 83% — the highest level for the latter class since June. These are key findings of the latest <a target="_blank"…

The December data also showed a continued tightening of occupancy across all asset classes, as move-ins outpaced move-outs for the sixth consecutive month.

Other highlights of the report, which includes both year-over-year (YOY) and month-over-month comparisons, include:

December lease pricing decreased by 2% YOY in market-rate housing.
New applications increased significantly YOY in both public and affordable housing, by 56% and 14% respectively. This represents a major shift in direction since the start of the pandemic, after which new applications trailed the numbers of 2019.
Aggregate concession values for market-rate housing increased by over $6 million YOY.

«We anticipated some of these results because of our involvement in the NMHC’s Rent Payment Tracker,» says Brian Zrimsek, Industry Principal, MRI Software. «The Tracker’s data, which aligns with our own, reveals a slow erosion of collections in market-rate housing over the course of the pandemic. Financial pressures are a likely cause, and they may be prompting tenants to seek out less costly alternatives in affordable or public housing, thus increasing demand in these asset classes and decreasing demand for market-rate units. The decreased demand, in turn, has likely led to lower rents and more concessions from landlords.

«But as the December data shows, tenants in affordable and public housing made great efforts to stay current, despite the early-month uncertainties about a stimulus package,» he continues. «More and more people don’t want to risk eventual eviction, a bad credit rating, or a huge payment in deferred rent. Therefore, tenants have actively changed their circumstances with some downsizing, some consolidating households and some looking to ‘downshift’ to affordable or public housing.»

Zrimsek will discuss the December report, along with overall trends for 2020, during a webinar on January 14^th at 2 p.m. Eastern.

About MRI Software

MRI Software is a leading provider of innovative real estate software applications and hosted solutions. MRI’s comprehensive and flexible technology platform coupled with an open and connected ecosystem meets the unique needs of real estate businesses – from property-level management and accounting to investment modelling and analytics for the global commercial and residential markets. A pioneer of the real estate software industry, MRI develops lasting client relationships based on nearly five decades of expertise and insight. Through leading solutions and a rich partner ecosystem, MRI gives organizations the freedom to transform the way communities live, work and play while elevating their business and gaining a competitive edge. For more information, please visit mrisoftware.com.

MEDIA CONTACTS:

(U.S. for MRI)
Rachel Antman (+1 212-362-5837)
rachel@saygency.com

(U.K.) Platform Communications for MRI
Zoe Mumba (+44 7725 832393)
or Hugh Filman (+44 7905 044850)
mri@platformcomms.com

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SOURCE MRI Software

StockX’s Annual Snapshot Report Sheds Light on Market-moving Trends, Industry Insights, and Record Growth in 2020

DETROIT, Jan. 13, 2021 /PRNewswire/ — In a new report out today, StockX reveals the products, brands, facts and figures that defined 2020 as well as predictions for the year ahead. Titled StockX Snapshot: Current Culture Index, the report identifies major movers across the footwear, apparel, collectible and electronics categories and highlights the trends shaping the future of resale. In its latest Snapshot, the company also shares key performance metrics, noting it recorded $1.8 billion in gross merchandise value (GMV) in 2020 and closed more than 7.5 million trades during the year. The report follows a $275 million Series E funding round that values the fast-growing platform at $2.8 billion post-money.

«2020 was a pivotal year for so many reasons; while it made for extraordinary challenges, it also brought unprecedented growth and opportunity as the world shifted almost exclusively to an online commerce experience. Following a 75% year-over-year revenue increase in our third quarter, we saw even higher growth in Q4 thanks to a record-breaking holiday season,» said Scott Cutler, StockX CEO. «This paradigm shift, and the incredible work of our team to remain open, stable, and strong through the toughest of times, propelled StockX to extraordinary growth in 2020. We’re excited to build on the momentum in 2021 and continue to deliver a next gen experience to buyers and sellers around the world.»

Highlights from StockX’s 2021 Current Culture Index include:

Jordan Remains No. 1, New Balance and Yeezy Move Up: Based on total trades in 2020, the top-four sneaker brands on StockX in 2020 mirrored 2019’s rankings: Jordan Brand (No. 1), Nike (No. 2), adidas (No. 3) and Converse (No. 4). However, New Balance moved up one spot to No. 5 in 2020, marking the first time in StockX history that New Balance has ranked as a top-five sneaker brand. A new pandemic-induced preference for comfort helped Yeezy — Kanye West’s independent brand — move up 10 spots to No. 6 on the list. In 2020, sales of Yeezy slides on StockX surged 400%. The top three silhouettes were once again the Air Jordan 1, the Yeezy 350 by adidas and Nike’s Air Force 1.
Mid-Size Apparel Brands Make Waves: Supreme still holds the No. 1 spot as the best-selling streetwear brand on StockX, but mid-size brands made major gains in 2020. Cactus Jack moved up two spots from No. 4 in 2019 to No. 2 in 2020, Fear of God moved up two spots from No. 5 in 2019 to No. 3 in 2020, and Anti Social Social Club moved up an impressive 53 spots to land at No. 6 on the list. Meanwhile, BAPE moved down the list, falling two spots from No. 2 in 2019 to No. 4 in 2020.
Global Growth Drives Record GMV: In 2020, StockX welcomed more than 200 million visitors and saw global active buyers increase by more than 90%. This growth helped the company achieve $1.8 billion in gross merchandise value for the year, bringing its lifetime GMV to $3.8 billion.
Electronics and Collectibles Lead New Category Growth: Category expansion and diversification efforts were a key driver of growth overall, with recently launched categories like electronics and collectibles seeing particularly strong sales. StockX officially launched trading cards in 2019 as part of its collectibles category, and sales surged by 4,000% in 2020. Electronics, the platform’s newest category, has also seen rapid growth with next-gen gaming consoles ranking among the top products on StockX in 2020 based on GMV.
Seller Acceleration: More than half (60%) of StockX’s active sellers in 2020 made their first sale on the platform last year. In addition, the number of sellers located outside the US more than doubled in 2020, and accounted for more than 30% of StockX’s total GMV for the year. As global growth and category diversification efforts create new opportunities, a growing number of people will use StockX to turn their passion into profit.

To view the full report, please visit https://stockx.com/news/current-culture-index-2021.

About StockX
StockX is proud to be a Detroit-based technology leader focused on the large and growing online market for sneakers, apparel, electronics, accessories, and collectibles. StockX’s powerful platform connects buyers and sellers of high-demand consumer goods from around the world using dynamic pricing mechanics. This approach brings unparalleled access and transparency powered by real-time data that empowers buyers and sellers to determine and transact based on fair market value. The StockX platform features hundreds of brands across verticals including Jordan Brand, adidas, Nike, Supreme, BAPE, Off-White, Louis Vuitton, Gucci; collectibles from artists including KAWS and Takashi Murakami; and electronics from industry-leading manufacturers, Sony, Microsoft, Nvidia, and Apple. Founded in 2016, the company employs more than 1,000 people in 13 offices and authentication centers around the world, and facilitates sales in more than 200 countries and territories. Learn more at www.stockx.com.

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SOURCE StockX

Li-Cycle Wins 2021 BIG Innovation Award

MISSISSAUGA, ON, Jan. 13, 2021 /PRNewswire/ — Li-Cycle Corp. (Li-Cycle), North America’s largest lithium-ion battery recycling company, today announced it has been named a winner of a 2021 BIG Innovation Award presented by the Business Intelligence…

«More than ever, the global society relies on innovation to help progress humanity and make our lives more productive, healthy and comfortable,» said Maria Jimenez, chief operating officer of the Business Intelligence Group. «We are thrilled to be honouring Li-Cycle as they are one of the organizations leading this charge and helping humanity progress.»

From across the globe, numerous organizations submitted their recent innovations for consideration in the BIG Innovation Awards. Nominations were then judged by a select group of business leaders and executives who volunteer their time and expertise to score submissions.

«It’s very exciting to have Li-Cycle’s Spoke & Hub Technology recognized, and to receive this 2021 BIG Innovation Award,» said Li-Cycle CEO Ajay Kochhar. «This is an award that highlights the value in our solution toward making end-of-life batteries a resource and not a waste – we’re honoured to be recognized for that. Our goal is to keep working to achieve a truly closed-loop system within the lithium-ion battery supply chain.»

Li-Cycle is on a mission to leverage its innovative solutions to address an emerging and urgent global challenge. Lithium-ion rechargeable batteries are increasingly powering our world in industrial energy storage, automotive, and consumer electronic applications. The world needs improved technology and supply chain innovations to better recycle these batteries, while also meeting the rapidly growing demand for critical, finite battery materials.

According to the Circular Energy Storage’s (CES) recent studies, over 2 million tonnes per year of lithium-ion batteries are forecasted to reach their end-of-life globally by 2030. By 2040, an estimated 559 million electric vehicles will be on the road worldwide. The capacity of global lithium-ion battery energy storage installations is projected to skyrocket over 50 times during that same period. Given this significant growth in the lithium-ion battery market, safe and sustainable solutions are required for the end-of-life of these batteries.

Li-Cycle’s Spoke & Hub Technologies – a low cost, safe, and environmentally friendly process – recycles all types of lithium-ion batteries, with an unparalleled recovery rate of ≥95% of all battery-grade materials found in Li-ion batteries, including lithium, cobalt, and nickel.

The company was also named to the World Circular Economy Forum’s list of Circular Economy Solutions Inspiring the World, a 2020 and 2021 Global Cleantech 100 Company by the Cleantech Group and a finalist in the in the 10th Annual BusinessGreen Leaders Awards.

Visit Li-Cycle.com and watch the company’s corporate video to learn more.

About Li-Cycle Corp.
Li-Cycle Corp. (Li-Cycle) is on a mission to leverage its innovative Spoke & Hub Technologies to provide a customer-centric, end-of-life solution for lithium-ion batteries, while creating a secondary supply of critical battery materials. Lithium-ion rechargeable batteries are increasingly powering our world in automotive, energy storage, consumer electronics, and other industrial and household applications. The world needs improved technology and supply chain innovations to better manage the end-of-life of these batteries – and to meet the rapidly growing demand for critical and scarce battery-grade materials through a closed-loop solution.

About Business Intelligence Group
The Business Intelligence Group was founded with the mission of recognizing true talent and superior performance in the business world. Unlike other industry award programs, these programs are judged by business executives having experience and knowledge. The organization’s proprietary and unique scoring system selectively measures performance across multiple business domains and then rewards those companies whose achievements stand above those of their peers.

Li-Cycle Media Contact:
Len Fernandes
Firecracker PR
288971@email4pr.com
(888) 317-4687 ext. 707

Business Intelligence Group Media Contact:
Maria Jimenez
Chief Operating Officer
Business Intelligence Group
288971@email4pr.com
+1 (909) 529-2737

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SOURCE Li-Cycle

Bring on the Shine! New Ecofriendly, Industrial Cleaning Products

CLEVELAND, Jan. 13, 2021 /PRNewswire/ — Premalux, a manufacturer and supplier of high-performance aqueous (water-based) cleaning solutions, is welcoming the 2021 New Year with additions to its environmentally friendly industrial cleaning products and services. New products include:

<a href="https://mma.prnewswire.com/media/1419229/Premalux_Aircraft_Cleaner.html" target="_blank"…

A disposable premoistened industrial Multi-Purpose Towel is premiering within the first quarter. It replaces our SIHW 0075 product currently unavailable. The need for PPE and supply-chain interruptions made our popular work towels impossible to supply. After much looking, we found a towel to take its place. The new towel is stronger, thicker, and tougher, and will be available in an 85-count canister (10 more towels than the current SIHW 0075) Go to https://www.surgeindustrial.com/newtowel to learn more about the product. Sign up to receive notification of product availability.
Premalux’s Surge Industrial HVAC Coil Cleaner is now available. The water-based solution easily removes dirt, grease, grime, bugs and other particulates from outdoor evaporators and condensers – while being safe for people and the environment. It has already drawn favorable reviews from HVAC professionals. One company testing the product wrote, «The technician who tested the product has done many coil cleanings over the years and said the product was very effective, without the negative side effects (skin burns) he normally has with standard coil cleaning products.» Independent lab tests show the neutral pH product is safe for surrounding items, including roofs, plants, machinery, plastics, and rubberized materials. View the product here.
Surge Industrial Aircraft cleaner is available now and gaining popularity. The water -based cleaner degreaser is effective in removing dirt, grease, insects and residue from aircraft exteriors – from the windshield, the body, down to the landing gear. The biodegradable product meets Boeing D6-17487 Rev T; Douglas CSD #1, Type I; AMS 1526C; and Airbus AIMS 09-00-002 specifications. It also performs extremely well for general cleaning applications of large and small parts, and metalworking. View the particulars here.

As a recipient of The Ohio PPE Retooling & Reshoring Grant Program, Premalux will have the ability to manufacture its own line of gel hand sanitizer. The grant allows Premalux to upgrade its facility to allow the mixing and bottling of this and other higher viscosity products. The build out is currently under way with the goal of manufacturing new gel hand sanitizer the second quarter of 2021.

Premalux is expanding services and capabilities within its toll blending, custom manufacturing, and private label offerings through its subsidiary Accublends LLC – a full-service toll blender and contract manufacturer of high-performance aqueous solutions. We are expanding its services to include production of higher viscosity products, wipes, and in-house label printing and more.

Check our Web sites for all available products and services.

Surge Industrial www.surgeindustrial.com
Premalux, www.premalux.com
Accublends www.accublends.com for all available products and services.

For more information, call 330-995-4000 or e-mail info@premalux.com .

Contact: Mary Fisher 330-995-4000 Extension 709
289046@email4pr.com

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SOURCE Premalux

Plastic Oceans International Launches BlueCommunities Initiative

MALIBU, Calif., Jan. 13, 2021 /PRNewswire/ — Plastic Oceans International announces the launch of BlueCommunities, a global initiative that establishes collaborative partnerships with local communities and organizations, supporting projects that can inspire change worldwide.

With startup…

With startup funding provided by Howden Group Holdings, this new initiative launches in six communities: Alappuzah, India; Campeche, Mexico; Chiloe Island, Chile; Detroit, USA; Easter Island (part of Chile); and Durban, South Africa – with Santa Marta, Colombia, and Douala, Cameroon, coming on board around February 1.

«We believe that localized efforts and relationships are the building blocks for creating socioeconomic and environmental change that benefits the entire planet,» said Julie Andersen, CEO of Plastic Oceans International. «Working locally has always been at the core of what we do, but this provides a more focused and effective way of doing so, allowing for a broader impact of the work being done.»

A BlueCommunity is a shared geographic region of any kind or size (village, town, city, province), but one whose local culture and economy are driven by the waterways they inhabit – whether it’s an ocean, sea, lake or river. Plastic Oceans seeks out local partners that already have existing socio-environmental programs that are making a difference with their citizens.

«We don’t look to come in and impose our projects and way of doing things,» said Tod Hardin, Chief Operating Officer of Plastic Oceans International. «Instead, we want to enhance what’s already working. As the old saying goes, don’t try to fix what isn’t broken. For us, it’s instead about learning from our partners and using our global resources and experience to create a larger impact and give these local efforts a worldwide voice.»

In addition to offering mini grants, guidance and various other resources, a major value to BlueCommunities is connecting like-minded organizations. It’s an opportunity to share ideas, support one another, learn from each other and to give local projects a chance to impact communities beyond their own. This was never more evident than in the success of the pilot program in Campeche, Mexico.

Jon Bonfiglio, of partner organization Ninth Wave Global, in Campeche, offered these thoughts: «The joy – and a meaningful joy it is – of Blue Communities is that it reminds us that we are not alone in this. That we have brothers and sisters across the water who have our backs, and that we have theirs; that we are many, that we are strong, and that together we can make a difference.»

Plastic Oceans International has an ambitious goal of onboarding over 250 communities and 1,000 members by the end of 2022, which they believe will be able to impact at least 10,000,000 people around the world. Although membership has no cost, there is an evaluation process for those that wish to join. For more information, please visit PlasticOceans.org/BlueCommunities.

About Plastic Oceans International
A US-based non-profit organization working to end plastic pollution and to foster sustainable communities worldwide. We operate with the belief that we can and must act locally in order to create change globally, and we do so through four program areas: Education, Activism, Advocacy and Science. Projects are carried out by both our global entity and local branches in Canada, Chile, Mexico, Europe and the Great Lakes region of the U.S. Learn more at PlasticOceans.org.

Contact:
Tod Hardin
408-656-3570
289052@email4pr.com

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SOURCE Plastic Oceans International