Energy Vision/Argonne Study Shows Rapid Expansion of U.S. Renewable Natural Gas Industry

NEW YORK, Dec. 18, 2020 /PRNewswire/ — The sustainable energy NGO Energy Vision released a new joint assessment of the US renewable natural gas (RNG) industry, performed on behalf of the U.S. Department of Energy’s Argonne National Laboratory. 

The…

NEW YORK, Dec. 18, 2020 /PRNewswire/ — The sustainable energy NGO Energy Vision released a new joint assessment of the US renewable natural gas (RNG) industry, performed on behalf of the U.S. Department of Energy’s Argonne National Laboratory. 

The assessment consists of a database of current and projected RNG projects. It shows rapid growth in RNG capacity and production nationwide, with the number of U.S. RNG projects rising 42% from early 2019 through 2020, including 157 RNG production facilities now operating (up 78% from 2019), 76 projects under construction (up 100%), and 79 projects in planning.  Currently operating facilities have a production capacity of over 59 million MMBtu (the equivalent of over 459 million gallons of diesel) — a 30% increase since 2019. With 155 new RNG projects either planned or under construction or, capacity should continue to rise rapidly.

Renewable natural gas (RNG) is made by capturing and refining biogases (mostly methane) emitted by decomposing organic wastes such as food waste, farm manure and municipal wastewater.  According to Argonne National Laboratory’s GREET model, RNG produced from anaerobic digestion of food waste or dairy and hog manure is net carbon-negative over its lifecycle, including production, transport and use. 

That means making and using RNG results in lower atmospheric GHG than if it were never produced in the first place. RNG can be used in virtually all the same applications, and stored and transported in the same infrastructure, as fossil natural gas. Recent studies estimate the U.S. could produce enough RNG to displace 10% of current domestic fossil natural gas production, or close to 25% of diesel fuel in transportation. 

«RNG is a powerful tool for reducing climate impacts in high-emissions, difficult-to-decarbonize sectors like transportation, manufacturing, and various thermal applications,» said Energy Vision president Matt Tomich, «and it can also reduce climate impacts of the natural gas industry itself.»  

«RNG can decarbonize a significant share of the energy consumed by heavy-duty vehicles and other users of geologic natural gas today, with little or no change required to existing infrastructure,» said Marianne Mintz, Principal Transportation Systems Analyst at Argonne National Laboratory. «This realization is fueling growth in the number and average capacity of projects producing RNG, in the range of markets into which it is being introduced, and in overall demand for the fuel.»   

The full version of this release is posted here.

Contact:  Stephen Kent, skent@kentcom.com 914-589-5988

 

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SOURCE Energy Vision

Green Home Solutions Closes Out Year with Historic Expansion as Services Become Increasingly Essential

STATE COLLEGE, Pa., Dec. 18, 2020 /PRNewswire/ — As 2020 comes to a close, Green Home Solutions, the first franchise to exclusively specialize in indoor-air quality, is looking back on all of its milestones this year. The brand saw its services recognized as essential for consumers, while the franchise…

STATE COLLEGE, Pa., Dec. 18, 2020 /PRNewswire/ — As 2020 comes to a close, Green Home Solutions, the first franchise to exclusively specialize in indoor-air quality, is looking back on all of its milestones this year. The brand saw its services recognized as essential for consumers, while the franchise became an increasingly appealing investment opportunity for prospective entrepreneurs. Green Home Solutions experienced substantial U.S. growth and record expansion into untapped markets, among other accomplishments in 2020.  

Over the past year, Green Home Solutions signed over 30 franchise agreements – many of them in brand new markets such as Raleigh-Durham, Chattanooga, Las Vegas, Tucson, Winston-Salem, and Houston – and expanded into new states like Mississippi, Rhode Island and Virginia. This growth is expected to continue into the new year, as Green Home Solutions looks to sign 50 franchise agreements in 2021. This includes breaking into prime markets across the Atlantic coast from Long Island, NY down to Florida with an additional focus on the Midwest, Colorado, Utah and Arizona.

Green Home Solutions’ franchisees repeatedly proved to be a staple in the communities they serve. Not only were disinfectant services on the rise, but as seen by Raleigh-Durham, NC franchisees Justin Crawford and Jason Lilly, services to maintain overall air quality were also popular, like Mold Remediation and Crawlspace Encapsulations. Increases in whole-home disinfections and air quality improvement services are trends the brand expects to continue in 2021.

«During such a challenging and uncertain time for many, it was nice to bring peace of mind to our community through our services,» said Crawford. «Now more than ever, improving the quality of air is of the utmost importance in keeping schools, businesses, and homes safe – especially true as communities begin to return to normal in 2021. We are proud of our team and our brand for providing essential and eco-friendly services to our community, and to hear firsthand from our customers that what we do makes an impact on their lives.»

While the pandemic certainly posed many challenges, it also gave a newfound awareness to the importance of disinfecting and indoor air quality services that may have been an afterthought pre-pandemic.

«Looking back on 2020, it’s incredible to see all the advances and milestones our brand has reached, especially in a year with challenges and adversity,» said Glen Snyder, Green Home Solutions’ Chief Development Officer. «We could not have accomplished all that we have without our franchise partners, both new and existing, who have supported and trusted us during this uncertain time. This year has taught us a lot, both in business and the importance of clean air, and we are thrilled to continue to spread our message of making air better in many more markets across the U.S.»  

Throughout the COVID-19 pandemic, Green Home Solutions operators have been following CDC guidelines to ensure the safety of their employees and customers.

About Green Home Solutions
Green Home Solutions is a growing indoor air quality franchise with 200+ locations across the country, providing comprehensive indoor air assessments, treatments and analysis services that don’t just cover over the problem but, resolves the problem at the source. Our disinfection services, mold remediation, and odor removal solutions create a clean indoor air environment, so your family can breathe cleaner, purer air. Green Home Solutions is also a proud National Partner of Habitat for Humanity. Green Home Solutions is a provider of Mold Inspection and Mold Remediation services nationally for Habitat for Humanity. Call 1-800-SOLUTIONS or visit www.greenhomesolutions.com and one of our professionals will schedule an appointment to review your location immediately and evaluate your needs.

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SOURCE Green Home Solutions

Dow CEO Jim Fitterling Leads 2020 ICIS Top 40 Power Players

LONDON and NEW YORK, Dec. 18, 2020 /PRNewswire/ — Dow chairman and CEO Jim Fitterling is #1 in the 2020 ICIS Top 40 Power Players, a global ranking of the leading CEOs and senior executives making the greatest positive impact on their companies and the industry.

LONDON and NEW YORK, Dec. 18, 2020 /PRNewswire/ — Dow chairman and CEO Jim Fitterling is #1 in the 2020 ICIS Top 40 Power Players, a global ranking of the leading CEOs and senior executives making the greatest positive impact on their companies and the industry.

«With a sharp focus on ESG (environmental, social and governance), Fitterling is leading Dow in a new direction through capital disciplined growth combined with sustainability, featuring exciting initiatives in plastics recycling and ‘zero carbon crackers’,» said Joseph Chang, global editor of ICIS Chemical Business.

Under Fitterling, Dow is accelerating its sustainability goals, aiming to take out around 5m tonnes/year of carbon dioxide (CO2) emissions from its 2020 baseline by 2030 – a 15% reduction – and getting to carbon neutral by 2050.

By 2030, Dow aims to enable 1m tonnes of plastic to be collected, recycled or reused through direct actions and partnerships, and by 2035 have 100% of its packaging products be recyclable or reusable.

«The company’s new culture of capital discipline has also served stakeholders well through the coronavirus pandemic as its strong balance sheet served as a buffer from extremely challenging business conditions,» noted Chang.

In the 2020 ICIS Top 40 Power Players ranking, Saudi Aramco president and CEO Amin Nasser came in second, followed by Solvay CEO Ilham Kadri.

The ICIS Top 40 Power Players ranking is based on selections by the global ICIS senior editorial staff.

Related Links:

ICIS Top 40 Power Players issue of ICIS Chemical Business

ICIS 

About ICIS:

ICIS is a trusted source of intelligence for the global energy, chemical and fertilizer industries. We are a division of RELX, a FTSE 15 company with a market cap of £34.8 billion and an employee base of over 30,000 experts across 40 countries.

At ICIS, we help businesses make strategic decisions, mitigate risk, improve productivity and capitalise on new opportunities. We make some of the world’s most important markets more trusted and predictable by providing data services, thought leadership and decision tools. As a result of our unmatched global presence, we can deliver targeted connected intelligence to influence thousands of decisions across supply chains every single day. We shape the world by connecting markets to optimise the world’s valuable resources. With a global team of more than 600 experts, ICIS has employees based in London, New York, Houston, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Dubai, Sao Paulo, Seoul, Tokyo and Perth.

About RELX:

RELX is a global provider of information and analytics for professional and business customers across industries. The Group serves customers in more than 180 countries and has offices in about 40 countries. It employs approximately 30,000 people of whom almost half are in North America. RELX PLC is a London listed holding company which owns 52.9% of RELX Group. RELX NV is an Amsterdam listed holding company which owns 47.1% of RELX Group. The shares are traded on the London, Amsterdam and New York Stock Exchanges using the following ticker symbols: London: REL; Amsterdam: REN; New York: RELX and RENX. Total market capitalisation is approximately £34.8bn|€38.4bn|$47bn.

 

 

 

 

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SOURCE ICIS

Retail Results Heading into Final Holiday Push Reveal Shoppers Are Still Spending, Reports NPD

PORT WASHINGTON, N.Y., Dec. 18, 2020 /PRNewswire-PRWeb/ — Retail sales increased 3% in the week ending December 12 compared to the same week last year, and combined with the 9 prior weeks, holiday 2020 has shown 2% year-over-year dollar sales growth, reports The NPD…

PORT WASHINGTON, N.Y., Dec. 18, 2020 /PRNewswire-PRWeb/ — Retail sales increased 3% in the week ending December 12 compared to the same week last year, and combined with the 9 prior weeks, holiday 2020 has shown 2% year-over-year dollar sales growth, reports The NPD Group.1 Additionally, NPD’s early indicator data shows unit sales for the week declined -5% year over year. The continued divergence of dollar and unit comps is the result of higher-priced items being sold at retail and decreased promotional activity.

NPD’s Checkout data from receipts highlights the changes in shopping activity across the total retail industry due to COVID-19. While in-store purchase activity still lags last year (-7% in the second week of December), the strong growth in online purchasing (+33% vs. last year) has pushed overall omnichannel buying activity up +3% vs. the same week last year. This week was the first time we’ve seen two consecutive weeks of total purchase activity outpace last year’s performance.

«The final holiday push has arrived, but in 2020 the days seem to blur together, and it’s clear consumers still have shopping to do,» said Marshal Cohen, NPD’s chief industry advisor, retail. «Now officially past comfortable shipping deadlines, last minute shoppers will be forced to look to physical retail stores for those remaining holiday gifts. While the arrival of the vaccine is likely to make consumers feel a little merrier, rising COVID-19 case counts will make BOPUS and curbside pick-up options more important than they have been all season,»

Who is the last minute shopper?

  • According to NPD’s annual Holiday Purchase Intentions Study, 17% of consumers didn’t plan to start shopping until after Cyber Week, and 4% of planned to wait till the last minute to start their holiday shopping.
  • In terms of finishing shopping, 36% of holiday shoppers planned to be done by early December, but 18% said they are usually shopping until the last minute.
  • Late shoppers have the greatest concern for their own finances and the economy, evident in planned spending:

Average planned holiday spending for this year, based on when holiday shoppers planned to begin shopping.
Before Thanksgiving: $876
Thanksgiving/Black Friday/Black Friday Weekend/Cyber Monday: $680
December: $448

  • Late season shoppers want to give physical gifts –they are less likely than earlier season shoppers to buy gift cards and intangibles, and virtually none planned to buy subscriptions as gifts.

Delivery options
In the past 8 months:

  • 73% of consumers made an in-store purchase
  • 72% made an online purchase for delivery
  • 34% made an online purchase for in-store pick-up
  • 31% made a purchase for curbside pick-up

Consumers from higher-income households are more likely to choose to buy online for pick-up in store (BOPUS) or curbside. 3

Looking back at Cyber Week, purchases began to look a lot more like presents.
The hottest categories during Cyber Week began to look more like gifts than the tissues, paper towels, and hand cleaners that were on the list during the week of Black Friday.

Top 10 YOY Growth Categories – Cyber Week 2020*
General Merchandise2, week ending December 5, 2020 vs. week ending December 6, 2019
1 – LCD TVs
2 – Sport Lifestyle Footwear
3 – Monitors
4 – Sports Toys
5 – Video Games Hardware
6 – Biography & Autobiography Books
7 – VR/AR Hardware & Accessories
8 – Fashion Dolls/Accessories & Role Play
9 – Handheld Specialty Cleaning Appliances
10 – Heaters

For more information, or to speak with Marshal Cohen, contact Janine Marshall at janine.marshall@npd.com, and check NPD’s special holiday coverage and follow #NPDHoliday on Twitter to see the latest insights across retail.

1 Source: The NPD Group/Point-of-Sale Early Indicator Report, NPD Universe, WE December 12, 2020
2 Source: The NPD Group/Retail Tracking Service, apparel, athletic footwear, beauty, Blu-ray/DVD, office supplies, small appliances, technology, toys, video games.
3 Source: The NPD Group/Omnibus, November 2020 (survey fielded December 1-7, 2020)
*Seasonal Category Tracking is based on a subset of industries available weekly at a category level.

Media Contact

Janine Marshall, The NPD Group, 516-625-2356, janine.marshall@npd.com

 

SOURCE The NPD Group

Customers Adopt GameChange’s 94% GCR MaxSpan EastWest™ Fixed-Tilt for Higher Power Production

NEW YORK, Dec. 18, 2020 /PRNewswire/ — GameChange Solar today announced that its global customers are requesting designs utilizing the GameChange Solar MaxSpan EastWest™ configuration for fixed-tilt systems. With a GCR up to 94%, competitive price, and high strength steel structure, the MaxSpan EastWest™ Fixed-Tilt is a considerable system for owners seeking higher power production.

NEW YORK, Dec. 18, 2020 /PRNewswire/ — GameChange Solar today announced that its global customers are requesting designs utilizing the GameChange Solar MaxSpan EastWest™ configuration for fixed-tilt systems. With a GCR up to 94%, competitive price, and high strength steel structure, the MaxSpan EastWest™ Fixed-Tilt is a considerable system for owners seeking higher power production.

Derick Botha, Chief Commercial Officer at GameChange Solar, stated: «As module prices fall, GameChange Solar’s MaxSpan EastWest™ Fixed-Tilt system combines higher system kWh output versus trackers with extreme value pricing to make the MaxSpan EastWest™ Fixed-Tilt a superior alternative.»

Contact and media inquiries can be directed to Derick Botha +1 (302) 528-2125 
email: derick.botha@gamechangesolar.com

Related Links
https://www.gamechangesolar.com/

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SOURCE GameChange Solar

Pure Watercraft Closes $37.5 Million Series A Funding Round to Deliver High-Performance Electric Outboard Motors, Leading the Way to Clean & Quiet Boating

SEATTLE, Dec. 18, 2020 /PRNewswire/ — Pure Watercraft, the leader in electric boating technology, has closed a total Series A financing of $37.5M, including a previously-announced $23.4M. The oversubscribed funding round was led by L37, a hybrid venture capital and private equity firm; L37 Managing Partner Randall Ussery will join Pure Watercraft’s board of directors.

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SEATTLE, Dec. 18, 2020 /PRNewswire/ — Pure Watercraft, the leader in electric boating technology, has closed a total Series A financing of $37.5M, including a previously-announced $23.4M. The oversubscribed funding round was led by L37, a hybrid venture capital and private equity firm; L37 Managing Partner Randall Ussery will join Pure Watercraft’s board of directors.

Driven by its mission to make boating more enjoyable, accessible, and environmentally-friendly, Pure Watercraft brings a superior product and direct-to-consumer distribution to the burgeoning global market for electric boats.

Pure Watercraft’s first product is an electric outboard motor system with the propulsion equivalent of up to 50 HP gas outboards, and performance far ahead of others in its class. Its proprietary lithium-ion battery pack is thermally-managed for high performance and long life, and has the most energy for its weight of any battery pack in marine — about the same as that of the Tesla Model 3.

Customers can shop directly at purewatercraft.com for drop-in replacement outboard motor systems or complete boat packages – rigid inflatable boats from Highfield Boats, fishing and pontoon boats from Bass Pro Shops, and coaching launches from Still Water Design. These packages deliver a premium experience in the most popular boat categories, with quietness that makes for better fishing or socializing, without polluting the waterways. And owning a boat is a breeze with no scheduled maintenance and lower cost of ownership than traditional boats.

«Investors and consumers alike appreciate electric boating innovation like never before,» said Pure Watercraft CEO Andy Rebele. «This investment will help us grow our team, and deliver game-changing products starting next year to meet growing demand.»

«We are inspired by Pure Watercraft’s vision for the future of electric boating and their progress redefining the entire customer experience, starting with the largest, most popular power class globally,» said L37’s Randall Ussery. «Andy has built an impressive organization, with product offerings, a full tech stack approach, and a deep technology portfolio to match. We’re thrilled to invest in a company whose significant innovations, capabilities, and efficiency can also be applied in other powersports categories where electrification has lagged.»

About Pure Watercraft
Pure Watercraft is leading a fundamental transformation of boating for the next generations to hit the water. Founded in April 2011 in Seattle, WA, the company delivers innovative marine propulsion solutions that are more enjoyable and accessible for everyone, and more sustainable for the planet. To pre-order the Pure Outboard or an integrated boat package, or for more information on products, partners, and open career opportunities, please visit www.purewatercraft.com.

About L37
L37 is a new generation, hybrid venture capital and private equity company. We invest in visionary founders and companies that are transforming industries and solving ubiquitous problems. We work alongside founding teams, leveraging frameworks for scale and a network of trusted relationships with customers, capital, and talent to design new categories and engineer market-first, globally minded companies. For more information, please visit www.L37.vc.

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SOURCE Pure Watercraft

York Township Nominates Your York Team Ticket for 2021

ELMHURST, Ill., Dec. 18, 2020 /PRNewswire-PRWeb/ — The Your York Team Ticket successfully filed its paperwork December 14th as the slated candidates for the 2021 Consolidated Elections. They won their nominations during the township caucus at the American Legion Banquet Hall on December 1, 2020.

At the socially-distanced caucus, township residents voted for Supervisor John Valle of <span…

ELMHURST, Ill., Dec. 18, 2020 /PRNewswire-PRWeb/ — The Your York Team Ticket successfully filed its paperwork December 14th as the slated candidates for the 2021 Consolidated Elections. They won their nominations during the township caucus at the American Legion Banquet Hall on December 1, 2020.

At the socially-distanced caucus, township residents voted for Supervisor John Valle of Oakbrook Terrace, Clerk candidate Tony Cuzzone of Elmhurst (currently serving as a Township Trustee), Assessor Deanna Wilkins of Lombard and Highway Commissioner Dick Schroeder of Lombard to continue to serve township residents. Trustee Rae Rupp Srch of Villa Park and Jeff Mussatto of Elmhurst were nominated for a second term, while Erica Militello of Lombard and Anthony Pacilli of Lombard joined the ticket as first-time trustee candidates.

«I am honored to be nominated to run for another term as York Township Supervisor,» Valle stated. «The Your York Team and I will work tirelessly to continue to earn the trust of residents, continue transparency and accountability, maintain fiscal responsibility and continue to improve our senior services.»

Assessor Deanna Wilkins said, «I am excited to be a part of a team that draws from many different personal and professional backgrounds. Our team understands that York Township residents deserve a small, accessible, responsive, and cost-effective township government that achieves this while claiming less than two percent of the entire real estate tax bill.» said Assessor Deanna Wilkins after Tuesdays caucus.

Priorities for the Your York Team Ticket include continuing to implement technologies that provide greater access to services for residents, expanding food pantry operations to serve more people in this time of tremendous need, and ensuring that seniors in York Township receive proper care and can safely access programs while mitigating the risks of COVID-19. The Your York Team Ticket plans to deliver on these ideas and more all while maintaining a balanced budget.

The York Township caucus took necessary COVID-19 precautions to ensure the safety of all caucus-goers.

The Consolidated General Election will be held on April 6, 2021. All elected township positions serve four-year terms.

Media Contact

Daniel Szczesny, Coattail Digital Media, +1 7735546052, info@coattaildigital.com

 

SOURCE York Township

Ministry of Finance of Zambia: Zambia launches far-reaching economic recovery programme to achieve growth, prosperity and sustainable public debt levels

LUSAKA, Zambia, Dec. 18, 2020 /PRNewswire/ — On 18 December, the President of the Republic of Zambia His Excellency Dr. Edgar Chagwa Lungu presented the Government’s 2020-2023 Economic Recovery Plan (ERP) at the Mulungushi International Conference Centre in Lusaka. The Economic Recovery Plan addresses key economic challenges Zambia is facing as a result of the Covid-19 pandemic and a plunge in global commodity prices. The plan provides…

LUSAKA, Zambia, Dec. 18, 2020 /PRNewswire/ — On 18 December, the President of the Republic of Zambia His Excellency Dr. Edgar Chagwa Lungu presented the Government’s 2020-2023 Economic Recovery Plan (ERP) at the Mulungushi International Conference Centre in Lusaka. The Economic Recovery Plan addresses key economic challenges Zambia is facing as a result of the Covid-19 pandemic and a plunge in global commodity prices. The plan provides a roadmap for far-reaching economic reforms to achieve growth, prosperity and sustainable public debt levels.

The Economic Recovery Plan aims to ensure economic growth and financial stability by improving business climate, promoting manufacturing and local industries, especially, agriculture, tourism, mining and energy and reducing poverty and inequality through targeted social programmes. The plan is based on five key pillars:

  • restoring macroeconomic financial stability;
  • attaining fiscal and debt sustainability;
  • restoring economic growth and diversification;
  • dismantling of arrears;
  • bolstering social protection programmes.

In the Plan, the Government has set a number of macroeconomic goals to reach financial and economic stability in the coming years as follows:

  • Attaining real GDP growth rate of above 3% by 2022
  • Reducing the fiscal deficit to no more than 9% in 2021, no more than 6.1% in 2022 and no more than 4.9% of GDP in 2023
  • Increasing domestic revenue to not less than an average of 18% of GDP over the period 2021 to 2023
  • Reducing and maintaining inflation within the 6-8% range by 2023
  • Raising international reserves to at least 3 months of import cover by 2023
  • Significantly dismantling domestic arrears and curtail their accumulation
  • Reducing the pace of debt accumulation and ensuring sustainability in the next 3 to 5 years.

The President announced the strong commitment of the country’s leadership to delivering structural reforms and ensuring transparency in communication with all stakeholders. «Our economy has been hit very hard by the Covid-19 pandemic. We are determined to bring our economy back on its feet, stabilise our public finances and embark on an ambitious reforms programme to ensure a more prosperous and more economically resilient future for Zambia,» President Lungu said.

He outlined some of the main reforms the country is planning to undertake: «In order for the policy measures of the Economic Recovery Programme to succeed, there is need for the country to undertake key structural and legal reforms such as the (i) comprehensive reform of the Farmer Input Support Programme (FISP) to improve efficiency and make it more cost effective to respond to the needs of the beneficiaries; (ii) appraisal of capital projects through the Public Investment Board before inclusion in the national budget in order to improve value for money and return on investment; (iii) debt management reforms to enhance transparency in debt management and increase parliamentary oversight in borrowing activities; (iv) fuel procurement reforms to ensure that fuel pricing remains cost reflective and prevent further accumulation of fuel arrears; (v) electricity sub-sect reforms to comprehensively review all processes in ZESCO and the industry as a whole with a view to promote efficiency; (vi) enhancing the financial viability and performance of State Owned Enterprises (SOEs) in order to increase their contribution to the economy; (vii) reducing on human contact and increasing transparency , efficiency, security and compliance in collection of non-tax revenues by utilising ICT solutions under the Government Service Bus.»

«This is the first time in history that Zambia has developed such an ambitious and far-reaching economic plan. Implementation is key for success, and this Recovery Plan has meticulously thought-through steps for the implementation of each outlined reform,» the President said.

Minister of Finance Bwalya N’gandu added: «The Recovery plan provides a solid basis for engaging with our multilateral partners, including the IMF, international bondholders and other creditors as well as our bilateral partners. I am confident that this reform agenda will ensure Zambia’s return to sustainable debt levels, stable economic growth and a resilient financial system.»

For any investors’ enquiry, please contact zb.investors@lazard.com

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SOURCE Ministry of Finance of Zambia

SoCalGas Applauds Recognition of Renewable Natural Gas in LEED Green Building Standards

LOS ANGELES, Dec. 18, 2020 /PRNewswire/ — Southern California Gas Co. (SoCalGas) today applauded the U.S. Green Building Council (USGBC) for <a target="_blank"…

LOS ANGELES, Dec. 18, 2020 /PRNewswire/ — Southern California Gas Co. (SoCalGas) today applauded the U.S. Green Building Council (USGBC) for including use of renewable natural gas (RNG) in the latest beta version of its LEED (Leadership in Energy and Environmental Design) green building rating system. RNG is a low-carbon fuel produced from waste that can be used just like traditional natural gas. With the new system, a project may utilize RNG to earn LEED points by capturing and using biogas on site, sourcing biogas from a third party, or by purchasing biogas to store in the project’s own storage system. The RNG can be used for heating, hot water and cooking in commercial buildings, and for stoves, clothes dryers, water heaters, fireplaces and heating in homes. The number of LEED points determines the level of LEED certification the project can achieve.

«Renewable natural gas is the only renewable energy source that can be carbon negative and can be used in all the same ways as traditional natural gas. RNG essentially recycles waste, eliminating greenhouse gas emissions produced by that waste, and putting it to good use,» said Jawaad Malik, vice president, strategy and sustainability, and chief environmental officer for SoCalGas. «RNG is a highly efficient way to decarbonize buildings and allows home and commercial building owners to use a green fuel while still using gas appliances, which is often the preferred solution. SoCalGas’ investment in both RNG and hydrogen will play a key role in helping California meet its environmental goals.»

LEED, a certification program created by USGBC, provides a framework for healthy, highly efficient, and cost-saving green buildings and is a globally recognized symbol of sustainability achievement and leadership. Projects pursuing LEED certification earn points for various green building strategies across several categories and based on the number of points achieved, a project earns one of four LEED rating levels.

«Renewable natural gas is a viable path whereby buildings can achieve meaningful environmental and sustainability goals,» said Johannes Escudero, chief executive officer for RNG Coalition. «The manifold benefits of RNG are proven and deserve to be recognized as part of the U.S. Green Building Council’s framework for healthy, highly-efficient and cost-saving, green buildings. We look forward to seeing increased use of RNG in buildings nationwide.»

«We are very pleased that the U.S. Green Building Council has recognized renewable natural gas in its latest LEED green building standards,» said Julia Levin, executive director of the Bioenergy Association of California.  «RNG can provide the lowest carbon fuel of any kind, it can replace diesel in backup generators, and it makes local communities more resilient since RNG is available even when the electricity grid is down.»

SoCalGas is working to make RNG available to fuel the homes of the company’s nearly 22 million customers across Central and Southern California, asking the CPUC to authorize SoCalGas customers the option to purchase RNG and use it as part of their natural gas service. The California Public Utilities Commission (CPUC) is expected to rule on whether to approve the service this month. In 2019, SoCalGas announced its vision to be the cleanest gas utility in North America and committed to delivering five percent renewable gas to homes and businesses by 2022 and 20% by 2030.

Investment in RNG is growing nationally. Oregon recently enacted legislation allowing its natural gas utilities to purchase RNG on behalf it its customers, with the goal of replacing 15% of traditional natural gas with RNG by 2030. Virginia-based Dominion Energy has committed to investing in enough RNG projects to make its gas infrastructure net-zero carbon by 2040.  In 20 years, enough RNG could be available in the U.S. to replace about 90% of the nation’s current residential natural gas consumption, according to a recent study by ICF. Currently, natural gas utilities in Oregon, Utah, Vermont, Maine and Michigan provide RNG to homeowners.

In California, where SoCalGas operates, agriculture and organic waste from farms, landfills, or wastewater treatment plants account for about 80% of methane emissions, and in 2016 the state passed a law requiring a 40% reduction of methane emissions from waste sources, with provisions to deliver that energy to customers. This year, California passed legislation that significantly expands the definition of renewable natural gas to include energy from additional forms of organic waste, such as dead trees, agricultural waste and vegetation removed for wildfire mitigation. The new law is expected to increase supplies of RNG and help turn the state’s organic waste problem into an affordable, and renewable energy solution.   

Production of RNG from dairies is already accelerating in California. In just the next three and a half years, at least 160 RNG production facilities will be online in California to serve the transportation fuel sector, producing more than 15.8 million therms of carbon-negative RNG every year and replacing about 119 million gallons of diesel fuel.  That’s enough to reduce greenhouse gas emissions by over 3.4 million tons every year, the equivalent of taking more than 730,000 cars off the road.

About SoCalGas

Headquartered in Los Angeles, SoCalGas® is the largest gas distribution utility in the United States. SoCalGas delivers affordable, reliable, clean and increasingly renewable gas service to 21.8 million customers across 24,000 square miles of Central and Southern California, where more than 90 percent of residents use natural gas for heating, hot water, cooking, drying clothes or other uses. Gas delivered through the company’s pipelines also plays a key role in providing electricity to Californians— about 45 percent of electric power generated in the state comes from gas-fired power plants.

SoCalGas’ vision is to be the cleanest gas utility in North America, delivering affordable and increasingly renewable energy to its customers. In support of that vision, SoCalGas is committed to helping homes and businesses decarbonize their energy usage by delivering 5% renewable gas by 2022 and 20% by 2030. Renewable natural gas is made from waste created by dairy farms, landfills and wastewater treatment plants. SoCalGas is also committed to investing in its gas delivery infrastructure while keeping bills affordable for our customers. From 2015 through 2019, the company invested nearly $7 billion to upgrade and modernize its pipeline system to enhance safety and reliability. SoCalGas is a subsidiary of Sempra Energy (NYSE: SRE), an energy services holding company based in San Diego. For more information visit socalgas.com/newsroom or connect with SoCalGas on Twitter (@SoCalGas), Instagram (@SoCalGas) and Facebook.

About Southern California Gas Co.: Southern California Gas Co. (SoCalGas) has been delivering clean, safe and reliable natural gas to its customers for more than 145 years. It is the nation's largest natural gas distribution utility, providing service to 21.6 million consumers connected through 5.9 million meters in more than 500 communities. The company's service territory encompasses approximately 20,000 square miles throughout central and Southern California, from Visalia to the Mexican border. SoCalGas is a regulated subsidiary of Sempra Energy (SRE), a Fortune 500 energy services holding company based in San Diego.

 

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SOURCE Southern California Gas Company

Dexwet Air Filters Announces Regulation D 506(c) Offering for Accredited Investors

NEW YORK, Dec. 18, 2020 /PRNewswire/ — Dexwet Capital Partners, LLC, a wholly-owned subsidiary of Dexwet Holdings Corporation (Dexwet Air Filters), today announced that it is commencing a general solicitation Regulation D offering to a select group of accredited investors pursuant to Rule 506(c) under the…

NEW YORK, Dec. 18, 2020 /PRNewswire/ — Dexwet Capital Partners, LLC, a wholly-owned subsidiary of Dexwet Holdings Corporation (Dexwet Air Filters), today announced that it is commencing a general solicitation Regulation D offering to a select group of accredited investors pursuant to Rule 506(c) under the Securities Act of 1933, as amended (the «Securities Act»). Dexwet is an air filter manufacturing and technology company whose patented «Pure Air Filter» is used on European standard heat radiators and will be available for US standard exchange vents for both home and commercial use. It provides a clean, safe air environment by filtering any dust particle, from raw particles down to nano-fine dust particles. The DEXWET filter technology has been tested by a European Air Filtration expert to be highly effective against airborne pathogens including Coronavirus (COVID-19). The Company will take measures to get necessary approval from U.S. regulators once the Pure Air Filter becomes available in the U.S.

The funds raised will be used to establish a U.S. factory and create brand awareness to license the protective air filtration technology into existing products that would require clean pure air for machines, as well as humans, to function in fine-dust particle-free and pathogen-free environments respectively.

«Dexwet Air Filters provides safe, clean air environments for humans and machines and has been doing so for over 15 years in Europe,» said Gregory Scott Newsome, Chief Financial Officer and Board Director of Dexwet Air Filters. «We are excited to extend the opportunity and experience of breathing pure, clean air by making our products available in the U.S. market with the funds we raise from the Regulation D Offerings.»

This Offering will be in the form of a Preferred Unit with a total offering of 6,800 units which will be priced at $10,000 per unit, with a dividend of 5.75%, with additional participation on the Net Annual Income. The terms of the Preferred Units will have a liquidation term for 3 years, with a minimum of 2 years, and an ability to extend to a further 2 years, totaling 5 years, under which the holder would receive the return of the applicable price paid per unit. The Preferred Units will be non-voting.

The Preferred Units will not be registered under the Securities Act and can only be purchased in the Offering by accredited investors in accordance with the applicable rules and provisions under Regulation D of the Securities Act.

The minimum subscription amount for the Preferred Units will be $10,000. The minimum aggregate amount for this Offering will be $2 million. The maximum aggregate amount of this Offering is anticipated to be approximately 6,800 units of Preferred Units, totaling approximately $68 million in gross proceeds.

In addition, the Company reserves the right to cancel or modify this Offering at any time or to reject subscriptions for Preferred Units in whole or in part. Subscription payments will be collected and held in Escrow until the closing.  In the event that a subscription is rejected, the subscription payment will be promptly returned by the Escrow Agent.

Dexwet Holdings Corporation COO, Clemens Sparowitz; CFO, Gregory Scott Newsome; and Board Director & Audit Committee Chair, Kosala Heengama will be available to provide information about this Offering. To reach the Company, please call (646) 452-7157, visit the website at www.dexwetholdings.com, or email  info@dexwetholdings.com, to receive a Confidential Offering Memorandum, Subscription Agreement, and the forms for the Preferred Units, and other relevant documents, as well as administrative and procedural information relating to the requirements for validation of «accredited investor» status.  Please visit our website www.dexwetholdings.com which will also have online company representatives to answer any questions you may have.

About Dexwet Holdings Corporation
Dexwet Air Filters is a sustainable U.S. American air filter and filter technology company, specialized in the development and commercialization of the patented wet air filter technology. Dexwet filters are durable, high quality and can be easily reused multiple times. Dexwet’s first patent filed in 2000, was originally developed to effectively mitigate fine dust particles. Today, Dexwet’s focus has shifted to mitigating airborne pathogens, including COVID-19.

Dexwet Holdings Corporation is the Holding Company which fully owns all four subsidiary companies. Dexwet Capital Partners, LLC is a US company formed in Delaware. DCP is a special purpose entity created to facilitate the Regulation D capital raise.

Dexwet International AG is an Austrian company based out in Vienna. DIAG manages sales in Europe and currently holds over 60 global patents included the cutting-edge Wet Air Filter technology used in «Pure Air Filters», capable of filtering particles up to fine-dust and all kinds of known pathogens including COVID-19. DIAG also owns the global IP rights for the filter technology and Technology and Branding Licensing for the Europe region.

Dexwet Technologies Limited is a company based out of Hong Kong. DTL licenses Dexwet’s IP Technology globally, excluding Europe.

Dexwet Brand Management Limited is a company based out of Hong Kong. DBML is responsible for branding licensing globally, excluding Europe.

Disclaimer

The Preferred Units will be offered only to «accredited investors» in reliance on the exemption from registration set forth in Rule 506(c) of Regulation D promulgated under the Securities Act. The Preferred Units, have not been and will not be registered under the Securities Act or the securities laws of any state or other jurisdiction, and may not be offered or sold without registration or an applicable exemption from the registration requirements of the Securities Act and applicable state securities or blue sky laws and foreign securities laws.

This press release shall not constitute an offer to sell, or the solicitation of an offer to buy, any securities, nor shall there be any sales of the Preferred Units in any jurisdiction in which such offer, solicitation or sales would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Statements made in this news release contain are forward-looking statements.  Words such as «expect,» «believe,» «intend,» «design,» «plan,» «continue,» «may,» «will,» «anticipate,» and similar expressions are intended to identify forward-looking statements.  Actual results may differ materially from those projected in any forward-looking statement. Specifically, there are a number of important factors that could cause actual results to differ materially from those anticipated, such as risks related to the Company’s ability to produce, market and sell their products, uncertainties about the timely performance of third parties, risks related to whether the Company’s products will be accepted for their safety and effectiveness, and other risks. Additional information on the foregoing risk factors and other factors, including Risk Factors, which could affect the Company’s results, is included in its Confidential Offering Memorandum.  You should not place undue reliance on any forward-looking statements. The Company assumes no obligation to update any forward-looking statements as a result of new information, future events or developments, except as required by securities laws.

Media Contact:

Sharda Veeramally
10 to 1 Public Relations
480-514-1070
Sharda@10to1pr.com

Josh Weiss
10 to 1 Public Relations
480-789-0743
josh@10to1pr.com

 

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SOURCE Dexwet Air Filters