SOMERSET, N.J. – January 26, 2023 – Catalent, the leader in enabling the development and supply of better treatments for patients worldwide, today announced the opening of a new commercial-scale plasmid DNA (pDNA) manufacturing facility at its European center of excellence for cell therapies, in Gosselies, Belgium.
The state-of-the-art facility contains over 12,000 square feet (1,100 square meters) of development and manufacturing space across multiple cleanrooms for the dedicated production of CGMP-grade pDNA for clinical and commercial-phase supply. It has been designed to be EMA and FDA compliant to support customers with requirements for high-yielding processes at 50 and 300-liter fermentation scale. This will enable a wide range of batch sizes from milligram to multi gram scale.
At the new facility, Catalent will also produce a new range of ‘off-the-shelf’ plasmids to support cell and gene companies. These include adeno-associated virus (AAV) pHelper, which is available now, and Rep/Cap AAV2 and AAV5 plasmids, which will be available later this quarter. Rep/Cap AAV serotypes 1, 3, 6 and 10 will be available later this year.
This commercial-scale pDNA facility is the latest addition to Catalent’s Gosselies campus, which provides comprehensive services for all stages of cell and gene therapy development, including process and analytical development laboratories, technical transfer services, CGMP cleanrooms for manufacturing, dedicated quality control laboratories, Qualified Person (QP), as well as warehousing and logistics support.
“Catalent enables fully integrated viral vector and mRNA services-from our pDNA expertise in Gosselies, to clinical and commercial production of viral vectors for gene therapy, cell therapy, and mRNA in our network-providing critical supply chain continuity and a single CDMO partner from lead identification to commercial manufacturing,” said Manja Boerman, Ph.D., Catalent’s President, BioModalities (Cell, Gene and Protein Therapies). “Plasmid DNA is a critical component to many biological therapeutics, and Catalent has made this investment in additional manufacturing capacity in anticipation of supporting the growing number of programs through development towards commercialization.”
In December 2022, Catalent opened one of the world’s largest cell therapy commercial manufacturing facilities, also located on the Gosselies campus. The facility houses 60,000 square feet (5,600 square meters) of dedicated cell therapy manufacturing space housing multi-product, segregated suites designed to support autologous and allogeneic cell therapy manufacturing.
NOTES FOR EDITORS
ABOUT CATALENT CELL AND GENE THERAPY
Catalent Cell & Gene Therapy is an industry-leading technology, development, and manufacturing partner for advanced therapeutics. Its comprehensive cell therapy portfolio includes a wide range of expertise across a variety of cell types including CAR-T, TCR, TILs, NKs, iPSCs, and MSCs. With deep expertise in viral vector development, scale-up and manufacturing for gene therapies and viral vaccines, Catalent is a full-service partner for plasmid DNA, adeno-associated viral (AAV), lentiviral and other viral vectors, and oncolytic viruses. As an experienced and innovative partner, it has a global network of dedicated, development, clinical, and commercial manufacturing facilities, including an EMA- and FDA-licensed viral vector facility, and fill/finish capabilities located in the U.S. and Europe. With integrated solutions for plasmid DNA, viral vectors, and autologous and allogeneic cell therapies through clinical trial packaging and logistics, Catalent can provide full supply chain control, helping innovators get their advanced therapies to patients, faster.
ABOUT CATALENT
Catalent is the global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, Catalent is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs.
Catalent helps accelerate over 1,000 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply around 80 billion doses of nearly 8,000 products annually. Catalent’s expert workforce of approximately 18,000 includes more than 3,000 scientists and technicians.
Headquartered in Somerset, New Jersey, the company generated nearly $5 billion in revenue in its 2022 fiscal year. For more information, www.catalent.com.
More products. Better treatments. Reliably supplied.™
Disclaimer
Catalent Inc. published this content on 26 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 January 2023 14:12:09 UTC.
Publicnow 2023
|
|
|
|
|
|
|
|
|
||||
Technical analysis trends CATALENT, INC.
| Short Term | Mid-Term | Long Term | |
| Trends | Bullish | Bearish | Bearish |
Income Statement Evolution
|
Sell  Buy |
|
| Mean consensus | OUTPERFORM |
| Number of Analysts | 14 |
| Last Close Price | 50,16 $ |
| Average target price | 74,09 $ |
| Spread / Average Target | 47,7% |
Item 1.01 Entry into a Material Definitive Agreement.
On
“Company”) investment in a student housing complex,
a direct, wholly-owned subsidiary of the Company (“ARF”) entered into guaranties
related to a
the Company has a membership interest. Pursuant to the Guaranty Agreement, dated
as of
the “Guarantors”) for the benefit of
“Lender”), the Guarantors provided limited (“bad boy”) guaranties to the Lender
pursuant to the
Drive East, LLC
Lender (“Loan Agreement”) until the earlier of the payment in full of the
indebtedness or the date of a sale of the property pursuant to a foreclosure of
the mortgage or deed or other transfer in lieu of foreclosure is accepted by the
Lender.
On
Agreement for the benefit of the Lender to guaranty the timely completion of the
project in accordance with the Loan Agreement, as well as a Carry Guaranty
Agreement, for the benefit of the Lender to guaranty the prompt and
unconditional payment by Borrower of all customary or necessary costs and
expenses incurred in connection with the operation, maintenance and management
of the property and an Environmental Indemnity Agreement jointly and severally
in favor of the Lender whereby the Guarantors serving as Indemnitors provided
environmental representations and warranties, covenants and indemnification
(collectively the “Guaranties”). The Guaranties include certain financial
covenants required of ARF, including required net worth and liquidity
requirements.
The foregoing description of the Guaranty Agreement, the Completion Guaranty
Agreement, the Carry Guaranty Agreement and the Environmental Indemnity
Agreement are only summaries, do not purport to be complete and are qualified in
their entirety by reference to the full text of such agreements, which are filed
as Exhibits 10.1, 10.2, 10.3 and 10.4 hereto and are incorporated herein by
reference.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. 10.1 Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.2 Completion Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.3 Carry Guaranty Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. for the benefit ofOceanview Life and Annuity Company 10.4 Environmental Indemnity Agreement executedJanuary 24, 2023 byJason Pollack ,Frank Dellaglio andACRES Realty Funding, Inc. in favor ofOceanview Life and Annuity Company 104 Cover Page Interactive Data File (embedded within the Inline XBRL document).
——————————————————————————–
© Edgar Online, source
Highlights & business update of the 2nd half of 2022
-
Progress on green and renewable hydrogen production projects
-
Industrial and technological agreements to secure access to strategic equipment
-
Structuring of the company with a workforce of 150 employees by the end of 2022
-
Continuation of offshore developments
Commercial pipeline at the end of 2022: 9.8 GW of total installed production capacity
-
Targeted total installed capacity of 55 MW in 2024 and 200 MW in 2026
-
Targeted consolidated revenues of €200m and Group EBITDA[1] at breakeven in 2026
Nantes (France) – January 25, 2023 – 8:00 pm – Lhyfe (Euronext Paris – FR0014009YQ1 – LHYFE), one of the world’s pioneers in the production of green and renewable hydrogen to decarbonize industry and mobility, presents the highlights of the 2nd half of the year 2022 and gives an update on its development and on the advancement of the company’s projects at the end of the year.
Progress of projects
Lhyfe Pays de la Loire (Bouin, France)
The Bouin production unit, the first industrial site in the world directly connected to a wind farm, celebrated the delivery of its 100th container of hydrogen at the end of 2022.
The increase in production capacity was initiated in 2022 (authorization and equipment orders). The current production capacity of 750 kW will be increased to 2.5 MW (approx. 1 t./day) in early 2024 to meet increased customer demand in the region. Its storage capacity, currently around 700 kg, will also be increased to almost 5 tonnes.
Lhyfe Bretagne (Morbihan, France)
In the second half of 2022, Lhyfe obtained the building permit for a unit with a total capacity of 5 MW (i.e. approximately 2 t/day of green hydrogen) located in Morbihan in Bretagne. This unit, supported by the ADEME (French Environment and Energy Management Agency) to the tune of €2.8 million and expected to be operational in the second half of 2023, will be the company’s second hydrogen production site.
As a reminder, the consortium made up of the companies HyGO, GNVert and Lhyfe has been appointed by the Lorient agglomeration as the successful bidder for a Global Performance Contract for the design, construction, operation and maintenance of two renewable hydrogen refueling stations. Lhyfe will supply the renewable hydrogen for a period of 10 years.
Lhyfe Occitanie (Bessières, France)
In Occitanie (France), Lhyfe has also obtained the permit for the construction of the 5 MW production unit in Bessières (Haute-Garonne), which is scheduled to be commissioned at the end of 2023.
This project is the winner of the Corridor H2 tender for projects, supported by the Occitanie region, whose objective is to decarbonize the transport of goods and passengers on a North/South axis running from the Mediterranean to the North Sea, through the development of green hydrogen uses.
Lhyfe Bade-Würtemberg (Schwäbisch Gmünd, Germany)
In Schwäbisch Gmünd, Germany, Lhyfe has submitted the permit for the construction of a plant with a production capacity of 10 MW (about 3 t/day). The plant is expected to be commissioned in the first half of 2024. It will be accompanied by a hydrogen distribution station accessible to the general public, built and operated by a Lhyfe partner, and a pipeline to supply the future “H2-Aspen” technology park with green hydrogen.
This project is part of the HyFIVE (Hydrogen For Innovative Vehicles) project which has received €33 million in funding from the European Regional Development Fund (ERDF).
Lhyfe Groningen (Delfzijl, The Netherlands)
In the Netherlands, Lhyfe aims to build a large-scale renewable green hydrogen production plant in the Delfzijl chemical cluster in the northern province of Groningen. This plant could reach a production capacity of 200 MW (about 55 t/day).
Lhyfe has already secured the land and the electrical connection of the plant. The realization of the project is subject to obtaining the required operating licenses and building permits, as well as the financial investment decision. It is expected to be commissioned in 2026 at the earliest.
Signing of industrial and technological agreements for the supply of key equipment’s
Through these agreements, Lhyfe has secured its access to strategic equipment (electrolysers, compressors, distribution systems) for the construction of its production units, the production of green and renewable hydrogen and its logistical distribution throughout Europe.
Agreement with Hexagon Purus for the delivery of hydrogen distribution systems
Lhyfe and Hexagon Purus, a leading supplier of hydrogen systems, have entered into an agreement for the supply of hydrogen distribution systems with Hexagon Purus Type 4 composite high-pressure cylinders. Lhyfe will be able to deliver up to 19 tonnes of green hydrogen per trip, equivalent to the consumption of 650 buses.
Agreement with Hiperbaric for the supply of high-pressure compressors
Lhyfe and Hiperbaric, a Spanish group and world leader in high pressure technologies, have signed an agreement to supply high pressure compressors for the storage and transportation of green and renewable hydrogen.
The Hiperbaric hydrogen compression technology approaches an isothermal compression process, resulting in high reliability and low energy consumption. The Hiperbaric range of compressors is capable of compressing hydrogen from an input pressure of 20 bar up to 200-950 bar for storage tank filling.
Order of Plug electrolysers for a total capacity of 50 MW
Lhyfe has signed a purchase agreement for ten Plug electrolyser systems of 5 MW each with the American Plug Group, a major player in green hydrogen. These electrolysers, with a total capacity of 50 MW (up to 20 tonnes per day), are intended to enable Lhyfe to produce green hydrogen for mobility in several onshore plants across Europe, with delivery of the equipment from 2023.
The order follows on from a partnership with Plug to jointly develop green hydrogen production plants across Europe. The aim of the collaboration is to co-develop by 2025 a total hydrogen production capacity of 300 MW (up to 120 tonnes of green hydrogen per day) across Europe, which will mainly serve on- and off-road mobility applications.
Structuring & development of the company
Success of the 2022 recruitment plan
Lhyfe is pleased to announce the remarkable success of its 2022 recruitment campaign, a year marked by the arrival of more than a hundred new employees to support the increase in the number of projects and the internationalization of the company, with now 6 subsidiaries across Europe and a presence in 11 countries.
At the end of 2022, Lhyfe’s workforce will be 150 employees (vs. 57 at the end of 2021), of which 40% will be dedicated to engineering, in order to pursue the development of solutions and the deployment of production sites, and 40% to business development in all the geographical regions targeted by the company. By the end of 2022, 20% of Lhyfe’s workforce was internationally based.
In order to support its development, Lhyfe has continued to structure itself on a human level with the creation of key positions.
Philippe Desorme joined Lhyfe in 2022 as Vice President Sales & Business Development, to enhance Lhyfe’s business development capabilities alongside Taia Kronborg, Chief Business Officer. Prior to joining Lhyfe, Philippe Desorme spent most of his career since 1998 in the industrial gases sector at Linde Group where he held several position as Head of Market Segment & Application for the Southern Europe region and Sales Director in Africa and France.
In order to strengthen its health, safety and environment policy, Lhyfe has also recruited Clément Falk as HSE (Health, Safety and Environment) Director. An expert in process safety engineering and chemical technologies, Clément Falk has over 16 years of international experience in the chemical, oil and gas (onshore & offshore) and new energies (offshore wind farms) industries.
For international development, Colin Brown and Frans-Pieter Lindeboom have been appointed Country Manager UK & Ireland and Country Manager Spain respectively, following the incorporation of these two new subsidiaries in 2022. Colin Brown has held various Development positions in groups in the sector renewable energies (Aker, Vattenfall, SSE Renewables, etc.). Frans-Pieter Lindeboom has 20 years of experience in the energy sector, including nearly 15 years in the Spanish group Repsol, in charge of supply chain management for the group’s offshore platforms.
Finally, Nathalie Guillot joined Lhyfe in early 2023 as Human Resources Director. Prior to joining Lhyfe, Nathalie Guillot was Deputy Human Resources Director, in charge of France, for the Antargaz group.
Continued progress in offshore green hydrogen production
Inauguration of the world’s first offshore green hydrogen production pilot site
In September 2022, Lhyfe inaugurated its offshore green hydrogen production demonstrator, the world’s first offshore hydrogen production pilot plant, on the SEM-REV, Europe’s first multi-technology offshore test site off the coast of Le Croisic. The Sealhyfe platform has a capacity of 1 MW, which means it can produce about 400 kg of green hydrogen per day.
At the end of the 6-month test phase for all the equipment (desalination systems, cooling, stack behavior, remote control, energy management, resistance to environmental conditions, etc.) the Sealhyfe platform, docked in the port of Saint-Nazaire, will leave for a 12-month period off the Atlantic coast, less than 1 km from the floating wind turbine.
Collaboration with Nantes Saint-Nazaire Port to develop offshore green hydrogen
Lhyfe and Nantes Saint-Nazaire Port, France’s fourth largest seaport, have signed a partnership agreement to develop the renewable hydrogen sector at sea and thus accelerate the energy transition in the Loire estuary.
This collaboration should make it possible to identify port spaces and facilities likely to host prototypes and to test innovative solutions. The partnership also covers the identification of industrial needs related to the construction of equipment for the mass production of hydrogen at sea and the port infrastructures necessary for the production, launching and integration of this future equipment. Finally, the two parties are combining their thinking on the issue of repatriating the hydrogen produced massively at sea to land in order to define the industrial and logistical requirements for receiving and injecting the gas into the land network.
Offshore project of 10 MW in Belgium
The HOPE (Hydrogen Offshore Production for Europe) project, led by a consortium coordinated by Lhyfe, has received a positive evaluation under the 2022-TC01-10 call for projects of the Clean Hydrogen Partnership, co-funded by the European Union. As a result, the project partners started the preparation phase of the subsidy agreement, which will end no later than May 2023.
The project consists of designing, building and operating by 2025 the first 10 MW renewable hydrogen production unit in the North Sea off the coast of Belgium. The purpose is to prove the technical and financial viability of producing renewable hydrogen offshore and transporting it by pipeline to serve onshore customers. The project will produce a wide range of exploitable results, as well as pre-feasibility studies and techno-economic assessments of large-scale offshore concepts.
Commercial pipeline at the end of 2022: 9.8 GW of production capacity
Supported by the RepowerEU European Energy Independence Plan, Lhyfe’s commercial portfolio continued to strengthen in the 2nd half of 2022.
At the end of 2022, Lhyfe’s commercial pipeline[2] represented a total installed production capacity of 9.8 GW (unchanged from mid-September 2022).
Within this commercial portfolio, projects at an advanced stage of development[3] represented a total installed generation capacity of 759 MW at the end of the year (vs. 629 MW mid-September 2022).
With this strong commercial pipeline, Lhyfe confirms the objectives set at the time of its IPO to make the company one of the leaders in green hydrogen production in Europe[4].
Lhyfe aims to have a total installed capacity of 55 MW by 2024.
By 2026, Lhyfe aims to have a total installed capacity of 200 MW, as well as:
- around €200m in consolidated revenue;
- Group EBITDA[5] at breakeven.
By 2030, the company plans to become a green hydrogen production reference player and more specifically to have over 3 GW in total installed capacity.
Long term, Lhyfe is targeting a Group EBITDA margin above 30%[6].
Financial calendar
| Date | Release |
| Wednesday 22 March 2023 | FY 2022 results (audited) |
| Tuesday 23 May 2023 | General Meeting |
| Wednesday 20 September 2023 | H1 2023 results (audited) |
About Lhyfe
Lhyfe is a European group dedicated to the energy transition, and a producer and supplier of green and renewable hydrogen. Its production sites and portfolio of projects aim to provide access to green and renewable hydrogen in industrial quantities, and to enter into a virtuous energy model allowing the decarbonization of entire sectors of industry and mobility.
In 2021, Lhyfe inaugurated the world’s first industrial green hydrogen production site in direct connection with a wind farm. In 2022, Lhyfe inaugurated the world’s first pilot platform for green hydrogen production at sea.
Lhyfe is present in 11 European countries and has 150 employees at the end of 2022. The company is listed on the Euronext market in Paris (ISIN: FR0014009YQ1 – mnemonic: LHYFE).
For more information go to Lhyfe.com
Contacts
[1] Group EBITDA: current consolidated operating profit before depreciation, amortisation and provisions
[2] The commercial pipeline does not include offshore projects
[3] Projects in “Tender ready”, “Awarded, or “Construction” phases. The definitions of these phases are detailed in Section 10.1 of the Registration Document approved by the AMF on 21 April 2022 and available on Lhyfe’s website
[4] Based on the assumptions detailed in Section 10.1 of the Registration Document approved by the AMF on 21 April 2022 and available on Lhyfe’s website
[5] Group EBITDA: current consolidated operating profit before depreciation, amortisation and provisions
[6] Group EBITDA margin: ratio of “EBITDA to revenue”
www.actusnews.com, it’s free
© 2023 ActusNews
January 18, 2023
Sumitomo Heavy Industries, Ltd. (“SHI”) (Head Office: Shinagawa-ku, Tokyo, President and CEO: Shinji Shimomura) has established a partnership with Hiroshima Gas Co., Ltd. (Head Office: Hiroshima City, Hiroshima, President: Kensuke Matsufuji) and decided to construct a commercial Liquid Air Energy Storage (“LAES” *1) demonstration plant adjacent to Hatsukaichi LNG Terminal.
SHI invested in Highview Enterprise Limited (“Highview” *2 ), industry leader in Liquid Air Energy Storage technology in February 2020 and acquired a license for Highview’s Liquid Air Energy Storage technology. This first commercial demonstration plant is utilizing Highview’s Liquid Air Energy Storage technology. The external cold for increasing the LAES plant’s efficiency will be provided from the LNG plant adjacent to the commercial demonstration plant.
In addition to individual contracts with Power Transmission and Distribution companies, this LAES plant operates in the wholesale power and capacity markets as well as in the supply and demand adjustment markets. Through focus on energy storage market foreseen in the future, and by providing energy storage solutions contributing to the effective use of resources and reduced environmental impact of energy, SHI will contribute to stable supply of clean electricity and the realization of a decarbonized society.
[Purpose of the commercial demonstration project]
① Show compliance with relevant laws and regulations for designing and construction
② Demonstrate operation with grid and with power market
③ Verify process efficiency increase and energy saving by use of external cold
From perspective of decarbonization, the plant stores valuable renewable energy (wind, solar, etc.) and contributes to provision of clean energy when discharged to power the society when needed.
[Outline of the facility]
LAES System: CryoBattery ™
Capacity: 4.99MW x 4hours Storage (Charging 4MW)
Commercial market:
①Wholesale market: 2MW (minimum load expected)
②Supply and Demand Adjustment Market: 3MW
③Capacity Market: 4.99MW
Commencement of Commercial Operation: 2024 (Plan)
Construction site: 12-20, Mokuzaikou-minami, Hatsukaichi, Hiroshima (Plan)
[Outline of Hiroshima Gas]
| Company name | Hiroshima Gas Co., Ltd. |
|---|---|
| Established | 1909 |
| Location of Head office | 2-7-1, Minami-machi, Minami-ku, Hiroshima |
| Business Description | Gas business, Sales of gas appliances, Sales of LNG |
(*1) The Liquid Air Storage System consists of three main processes (or functions);
1) Charging: A charging device which uses excess renewable electricity at the off-peak periods to power an industrial liquefier to produce liquified air.
2) Storaging: An energy storage where liquid air is held in an insulated tank at low pressure.
3) Discharging: A power-recovery unit where liquid air is expanded to gas and used to drive a turbine/generator and to generate electricity.
(*2) [Outline of Highview]
| Company name | Highview Enterprise Limited. |
|---|---|
| Established | 2005 |
| Location of Head office | London, U.K. |
| Business Description | Development and Designing of LAES technology |
BROOKFIELD, WI – January 18, 2023 – First Business Bank is pleased to announce that Chase Kostichka, Senior Vice President – Commercial Real Estate Banking, is leading our Commercial Real Estate team in our Southeast Wisconsin market as of January 1, 2023.
Chase succeeds Bob Bell, who over the last 10 years, has led our Southeast Commercial Real Estate group and helped us deliver exceptional results. Going forward, Bob will remain with First Business Bank in a business development role, providing continuity for our team and a consistent, high-quality experience for our clients.
Chase Kostichka has more than 15 years of experience in the financial services industry helping clients grow their businesses and avoid financial risk. His areas of focus include assisting commercial real estate and C&I relationships with financing strategies. Chase joined First Business Bank after spending seven years with M&I/BMO Harris Bank, most recently in the Correspondent Banking Division focusing on C&I clients. During that time, he also completed the Corporate Banking Training Program which involved credit training and exposure to various areas within the bank.
Chase graduated with a Bachelor of Science degree in Mathematics from UW-Stevens Point and was a four-year letter winner on the UW-Stevens Point Football team. He earned an MBA from Carroll University. Chase lives in the Delafield area with his wife and three sons and volunteers coaching youth sports.
About First Business Bank
First Business Bank specializes in Business Banking, including Commercial Banking and Specialty Finance, Private Wealth, and Bank Consulting services, and through its refined focus delivers unmatched expertise, accessibility, and responsiveness. Specialty Finance solutions are delivered through First Business Bank’s wholly owned subsidiary First Business Specialty Finance, LLC. First Business Bank is a wholly owned subsidiary of First Business Financial Services, Inc. (Nasdaq: FBIZ). For additional information, visit firstbusiness.bank.
Disclaimer
First Business Financial Services Inc. published this content on 18 January 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 January 2023 22:29:03 UTC.
Mitsubishi Materials Corporation today commenced commercial operation of the Komatagawa New Power Plant.
The Komatagawa New Power Plant was planned and constructed in order to increase the power supply through efficient operation of the Komatagawa No.1, No.2 and No.4 Power Plants(*1) in the Komata river water system centered on Moriyoshi Dam. By efficiently taking in water previously released as unused energy, the power generation capacity of the Komata river water system is increased by 2,860 kW, enabling an increase in annually generated power of approximately 13,400 MWh.
(*1) With the completion of the Komatagawa New Power Plant, use of the Komatagawa No.1 and No.2 Power Plants were discontinued in October 2022.
The Komatagawa New Power Plant takes water directly from the outlet of the Komatagawa No.4 Power Plant directly under Moriyoshi Dam (water intake: 13.0 m3/s) and leads water about 8.5 km downstream through a headrace tunnel to secure an effective head of about 90 m and generate 10,326 kW of power. All generated electricity will be supplied to society using the feed-in tariff (FIT) scheme for renewable energy. Efficient utilization of water resources can be realized by long-term, stable provision of renewable energy using the hydropower of the Komata river water system while preserving the river environment.
The power plant was constructed using the electricity (renewable energy) from the existing hydroelectric power plants to minimize the environmental impact. The CO2 reduction(*2) resulting from the operation of the Komatagawa New Power Plant is approximately 9,800 tons, which is equivalent to the amount of CO2 absorption by approximately 1,100 hectares of 40-year-old Japanese cedar plantation(*3).
(*2)Annual CO2 reduction from operation of the new plant: Calculated by MMC using the 2009 data sited in “Imamura & Nagano (2010). Comprehensive Assessment of Life Cycle CO2 Emissions of Power Generation Technologies in Japan, Central Research Institute of Electric Power Industry Report (Research Report).”(*3) Calculated by MMC based on the information on the Forestry Agency website
MMC’s hydropower business has a history of more than 100 years, and of the various renewable energy sources, provides an indispensable base load power supply to local communities. We will continue to contribute to the building of a recycling-oriented society by supplying stable power to local communities as an environmentally-friendly power supply.
Overall view of the Komatagawa New Power Plant
Inside of the Komatagawa New Power Plant
building (water turbines and generators)
NameKomatagawa New Power PlantAddress1048 Rinpan
Kirinaizawa hoka 30 Kokuyurin, Moriyoshi, Kitaakita City, Akita Prefecture River nameKomata River, Ani River tributary, Yoneshiro River systemSystemRun-of-river systemDischargeMaximum discharge: 13.0 m3/s
Rated discharge: 4.17 m3/sEffective head91.50 mMaximum output and power generation10,326 kW and approximately 48,500 MWh (per year)TurbineHorizontal-axis Francis turbine, 5,339 kW (2 units)GeneratorHorizontal-axis, 3-phase synchronous generator, 6.6 kV, 600 min-1
Corporate Communications Dep., Management Strategy Div.,
Strategic Headquarters : +81-3-5252-5206
Oslo, Norway ,January 10th 2023 InDecember 2022 ,Standard Supply AS (Standard Supply) achieved a utilization of 73% and effective time charter equivalent earnings of approximatelyUSD 10,200 per day. The Company's operating cash breakeven is aroundUSD 7,300 per day. Presently Standard Supply has eight PSVs trading in theUK market and one inWest Africa . Four vessels are on term business at an average rate of c.USD 15,000 per day. Although the current spot market is yielding earnings around operating costs, term rates has continued to improve with mid-sized vessels now offered in the mid- to high teens while rates for larger tonnage starts in the low twenties according to Clarksons. ENDS For further information, please contact: CEOEspen L. Fjermestad at +47 95 20 44 93 Chairman of the Board Martin Nes at +47 92 01 48 14 About Standard Supply | standard-supply.com Standard Supply owns a fleet of nine platform supply vessels (PSVs); three large-sized, one medium-sized and five medium-sized PSVs with 51% ownership interest. Standard Supply will actively seek further growth opportunities and is well positioned to capture improvements in the market with most of the fleet trading in the spot market. The company has a clear ambition to return excess cash to its shareholders.
Click here for more information
© Oslo Bors ASA, source
The list of permits issued to build new single-family homes in Waco used to run longer than the proverbial letter to grandma. Now it is more like a blurb, thanks to rising interest rates, recession fears and less confidence speculative homes will find a buyer in a timely fashion.
Homebuilders typically hibernate during cold weather, the chill and moisture of November and December not conducive to pouring slabs or installing roofs. But numbers during 2022’s last half seemingly dropped prematurely, possibly reflecting national and regional housing trends.
Waco issued 18 permits in October to people wanting to build single-family homes, a decline from 38 issued in October last year. During the calendar year through October, the city issued 563 permits compared with 571 during the first 10 months of 2021, according to Karr Ingham, a West Texas economist who compiles a monthly snapshot of trends in Waco.
People are also reading…
Ingham said Waco’s permit output in October “tanked,” producing the lowest monthly total since the 14 issued in January 2016.
In November, Waco issued 12 permits to build new homes, one more than the 11 in the same month last year, according to the list compiled by the local office of the Associated General Contractors of America. Hewitt took up the slack, issuing permits for 24 new homes, up from three the previous November.
Ingham’s monthly report includes only permits issued in Waco, not in surrounding areas.
“From the builders I’ve heard from, they are not comfortable starting work on a home right now, not for any particular reason but due to the climate in general,” said Bobby Horner, spokesperson for Waco’s inspection services department.
“Not as many contractors are starting new houses at the moment,” said Craig Vrbas, a longtime employee at the Gross-Yowell lumberyard on Franklin Avenue. “Will it pick up? We’ll see. They’re waiting to see what happens now. Our volume is down maybe 10% to 15%, not on a particular item but in general.”
Workers frame up a roof for a house in the 700 block of South Ninth Street.
Laura Sterr, a regional sales manager for Stylecraft Builders, said the company started building fewer speculative homes when the fourth quarter of the year arrived. But she said demand remains strong. Stylecraft sold more than 50 homes last month and has sold 65 so far this month in the area stretching from Bryan-College Station to Fort Hood to Waco. Sterr said at least 20 of the more than 50 homes sold last month were in Greater Waco.
“It’s said that people don’t buy homes during the holidays, but December has been pretty good for us,” Sterr said.
She said other commonly accepted beliefs about building and marketing homes have been turned on their head, thanks in part to the COVID-19 pandemic and economic shifts.
“At the height of the housing craze, we were limiting sales because we couldn’t service everyone wanting to buy a home,” Sterr said. “Now we’re not limiting sales, though we have adjusted the number of houses we release into inventory.”
She said Stylecraft also began rationing sales when interest rates were at their lowest “because we were getting a lot of investors scooping up everything they could before homeowners could act.”
That dilemma has corrected itself as the Federal Reserve raises interest rates.
“I don’t know if we’ll ever get back to how fast things were 12 to 18 months ago,” customer homebuilder Keith Gunn said of the breathtaking sales pace builders saw. “But my part of the market has not slowed much.”
He rattled off new homes under construction or just completed in Badger Ranch, Hidden Valley, Tanglewood and Creekside. He has a “blend” of jobs continuing in Lorena, Robinson and West. His custom-built homes start at $450,000, “but most are quite a bit taller than that.”
“I have lots in different places, but I haven’t decided if I want to start spec houses. I’m not in a hurry to build them,” Gunn said. “I haven’t had many subcontractors contacting me, saying, ‘Hey, we’re out of work.’”
Buyers run the gamut from business owners and empty-nesters to college professors and coaches, said Gunn, who remains optimistic.
“Waco has always been insulated from larger markets,” Gunn said. “Dirt is still affordable. Jobs are still available. Lumber prices have come down, though lumberyards are not taking as many orders. It always slows down around the holidays, but the volume of what we have has not slowed.”
He said supply chain issues and lumber prices have eased, but high-end appliances seemingly have a mind of their own. He said some who moved into their homes three or four months ago still await delivery.
A home is under construction on North Fourth Street near Herring Avenue, across Fourth from Cameron Park.
Homebuilder Scott Bland said Greater Waco still suffers from “an incredibly low supply” of homes, a condition exacerbated by rising interest rates and inflation. He said someone pondering launching a new subdivision must consider the start-up costs related to installing streets and infrastructure.
“But people aren’t being laid off or anything like that,” Bland said. “It’s an odd situation for us. This rate thing is causing us to have bigger supply issues. When they do go down, there is not going to be much out there for people to buy. We won’t be able to build fast enough to fill the void nine months from now, when summertime arrives and people are sitting on a ton of equity, and the Fed eases back on what it’s doing. We’ll see a rush on houses again.”
Bland said maybe the housing market needed a break from something of a frenzy.
“This allowed pricing to stabilize,” he said. “We’re in a much better position going out than coming in, unless we have another pandemic.”
Homes sold for an average $361,430 in October, 29% more than the $280,212 norm in the same month last year.
Pent-Up Demand to Spur Housing Recovery in ’24: National Association of Homebuilders CEO Gerald Howard discusses the outlook for the U.S. housing market.
Shopkeepers and restaurant owners in Bengaluru’s Commercial Street and Brigade Road share their experiences and expectations around new year festivities.
Bengaluru is all set for a full-fledged New Year’s celebration after two years of COVID-19 restrictions. Preparations for the festival in iconic spots like Brigade Road and Commercial Street have already begun, sending waves of excitement through locals and tourists.The city is decked up to welcome the new year in many extravagant ways and shopkeepers are expecting an increase in business this season.
Commercial Street, Bengaluru’s famed street shopping location, is gearing up for New Year’s sales. People visit Commercial Street to purchase a wide range of items at affordable prices, including trendy clothing, accessories, cosmetics, and sweets. Shopkeepers say that the place is packed with people throughout the year, and this hasn’t changed for New Year’s week. TNM spoke to owners of clothing stores located in the area who said that they normally do well throughout the year, and that this year has been no exception. “There is typically a large crowd on weekends on Commercial Street, and we expect the same on New Year’s weekend as well,” said Shiva, an employee at a snacks and beverage shop on the street. Vipin Dadu of Anand Sweets said that sales have increased in comparison to the past year and there are takers for all kinds of sweets.
Celebrations on Brigade Road have been one of Bengaluru’s long-standing traditions. Every year, on December 31, people gather in large numbers on Brigade Road to celebrate with their loved ones, visit clubs or just roam around, taking pictures of the New Year’s Eve josh in the city. It is a ritual that every Bengalurean would have done at some point in their life. The city is lit up with festive lights each year during this season. Due to the pandemic, Brigade Road had not witnessed any frolic on New Year’s Eve in the last two years. However, Bengaluru City police have permitted New Year’s celebration this year. The news has sparked excitement among the public.
The shopkeepers and eatery owners said that their sales had doubled around Christmas. They added that they expect a similar turn out on New Year’s Eve too. Sohail Yusuf, the Secretary of Brigade Shops and Establishments Association (BSEA) told TNM, “The association has put up festive lights on Brigade Road. Ensuring safety and security is the responsibility of the police and they are working on it.” The crowd on Brigade Road and Church Street have increased on weekdays as well on account of Christmas vacation. Families are clicking pictures on the sidewalks, making last minute New Year’s purchases and taking a stroll down the road to enjoy the festivities.
New Year’s Eve in Bengaluru is incomplete without packed bars, long queues, and loud music on Brigade Road and Church Street. Several pubs and bars on Brigade Road are set for New Year’s Eve. “We will be operating under specified terms and conditions on December 31. We are going to have male and female bouncers at the entry and a bag-check will be done in order to ensure that illegal drugs are not brought into the bar. We will also accommodate a limited crowd based on our seating capacity and no more,” said Subash, the manager of Chin Lung Resto-bar. The management of Pecos Classic Pub, on the other hand, stated that owing to the large crowds, the pub will close at 6.30 pm on New Year’s Eve.
(Hong Kong, December 15, 2022) Hang Lung Properties (the “Company” or “Hang Lung”, SEHK stock code: 00101) is pleased to announce that its world-class commercial development in Jinan, Parc 66, will be 100% powered by renewable energy from January 1, 2023, making it the first commercial property in Jinan and Shandong Province to achieve net-zero carbon emissions in terms of annual electricity consumption for both landlord and tenant operations. The move also accelerates the Company’s progress towards its 2025 renewable energy target for its mainland China portfolio, with almost 25% of electricity demand to be met by renewable energy sources.
Located in Jinan’s commercial center, Parc 66 is the second Hang Lung property to be fully powered by renewable energy, following the Company’s procurement of 100% renewable energy at its Spring City 66 commercial complex in Kunming, Yunnan Province in 2021. The purchased electricity for Parc 66 will provide 37,000 MWh of renewable electricity per year from wind power, and is expected to reduce the property’s carbon emissions by over 35,000 tonnes per year.
“Tenants and investors are looking for real estate owners and operators who can take sustainability and operational excellence to the next level. Procuring 100% renewable energy for Parc 66 is a significant milestone towards our 2025 renewable energy target for our Mainland portfolio, and reaffirms our commitment to reaching net-zero value chain greenhouse gas emissions by 2050. We will continue to look for opportunities to replicate our successes in Kunming and Jinan in our other developments across mainland China,” said Mr. Adriel Chan, Hang Lung Properties Vice Chair and Chair of Sustainability Steering Committee.
Disclaimer
Hang Lung Properties Ltd. published this content on 15 December 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 December 2022 11:45:07 UTC.