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ZHENZHOU, China, March 30, 2023 /PRNewswire/ -- As a professional gas service and integrated energy operator with city gas concession projects covering 16 provinces nationwide, Tian Lun Gas announced its annual results on March 30, stating that for the twelve months ended December 31, 2022, the Company achieved operating revenue of RMB 7.54 billion and gas sales volume of 1.91 billion cubic meters, of which retail gas sales revenue reached RMB 4.91 billion, up 18.3% year-on-year. The overall growth of Tian Lun Gas' retail business was in line with the Company's annual expectations after weathering the epidemic and the pressure of rising energy prices. The recovery of industry and commerce has ensured the growth of retail gas sales business. Since 2022, the company has actively promoted the resumption of work and production of enterprises within its business area, actively cooperated with the government's anti epidemic policy, and provided gas fees and benefits to key industrial users and small and micro enterprises. At the same time, thanks to the alleviation of the health incidents in the fourth quarter and the gradual lifting of isolation measures, most industries have rapidly resumed production. At the same time, commercial users experienced a comprehensive recovery after the central government issued 20 measures for epidemic prevention and control. The operation of restaurants and entertainment facilities generally achieved explosive growth in the fourth quarter, providing growth momentum for the company's retail gas sales business. In terms of gross margin, the company's comprehensive gross margin rebounded to 0.42yuan/square meter in 2022, and the increase in gross margin met expectations. The steady increase in gross margin is due to the orderly progress of price adjustment. For Tian Lun Gas, it is relatively easy to sell gas at favorable prices for industry and commerce, while residential gas with certain difficulties at favorable prices accounts for a relatively low proportion of the company's total gas sales. In addition, the company improves the gas installation rate of industrial and commercial users through free connection fees or leasing, achieving endogenous rapid growth within the business area. At the same time, in response to the gas supply situation in 2022, the company comprehensively implements a gas source differentiation marketing strategy, selling limited resources to regions or users with higher prices and better benefits. In terms of gas source, the company continues to carry out gas source optimization work, maximizing the company's access to low-cost and sufficient gas sources from multiple perspectives such as resource acquisition, pipeline construction, gas storage and peak shaving construction. As a public utility listed company, maximizing the protection of people's needs is a manifestation of the company's pursuit of higher level value. In 2022, the company fully deployed work in safety production, gas supply assurance, and emergency rescue during holidays, achieving zero error in safe gas supply throughout the year. At the same time, the company has put forward higher requirements for ensuring people's livelihood and safe production in 2023. It is necessary to implement gas source assurance, strengthen safety production responsibilities, strengthen emergency management, effectively do a good job in gas safety production, and ensure safe and stable gas supply. As the effects of the various stable growth policies continue to show, and the domestic industry and commerce have recovered and entered a regular period of development, Tian Lun gas, on the one hand, was affected by the epidemic and the adverse factors of high gas prices, on the other hand, it optimizes the price guidance mechanism to steadily increase gross margin, thus contributing growth momentum to the company and enabling the basic business of city gas.
Deal Ensures Two Million Tonnes of LNG Supply per Year ARLINGTON, Va., Feb. 24, 2023 /PRNewswire/ -- Today, Venture Global LNG and China Gas Holdings Limited ("China Gas" or the "Group"; stock code: 384), a leading natural gas operator in China, announced that the wholly-owned subsidiary China Gas Hongda Energy Trading Co., LTD ("China Gas Hongda") and Venture Global LNG ("Venture Global"), have signed two 20-year LNG Sales and Purchase Agreements (SPA). Under the deals, China Gas will buy 1 million tonnes per annum (MTPA) of LNG on a free on board (FOB) basis from Plaquemines LNG and another 1 MTPA from the CP2 LNG export facility, both in Louisiana. Mr. Liu Minghui, Chairman and President of China Gas Holdings Co. Ltd., said "As a major participant in China's energy market, we are committed to providing reliable and low-carbon LNG to Chinese customers. These two SPAs increase additional volume for our LNG portfolio and strengthen China Gas's supply ability. We look forward to working with Venture Global over the coming years to help further reduce greenhouse gas emissions." Mike Sabel, Chief Executive Officer of Venture Global LNG said, "Venture Global is pleased to welcome China Gas as a customer both at Plaquemines and CP2. Through relentless execution and innovation, our company will continue to bring much needed new capacity to the global LNG market, supporting energy security and environmental progress both in Asia and Europe. Importantly, low-cost LNG supplied to the region will accelerate fuel switching and lower carbon emissions, contributing meaningfully to China and the world's existing climate targets." About Venture GlobalVenture Global is a long-term, low-cost provider of U.S. LNG sourced from resource rich North American natural gas basins. Venture Global's first facility, Calcasieu Pass, commenced producing LNG in January 2022. The company is also constructing or developing an additional 60 MTPA of production capacity in Louisiana to provide clean, affordable energy to the world. The company is developing Carbon Capture and Sequestration (CCS) projects at each of its LNG facilities. About China GasChina Gas Holdings Limited ("China Gas", HKEX: 00384) is one of China's largest trans-regional, integrated energy suppliers and service providers. Focusing on China, it is primarily engaged in the investment, construction, and operation of city and township gas pipelines, gas terminals, storage and transport facilities, and logistics systems, delivering natural gas and LPG to residential, industrial, and commercial users. The Group also builds and operates CNG/LNG fueling stations while developing and applying natural gas and LPG technologies. In addition, it has drawn on its extensive gas user base to form a comprehensive business portfolio of value-added services, urban heating, new energy, electricity distribution and sales, and charging stations.
Domestic Gas Resources Can Improve the Lives of Africa's Young, Increasing Population, and Deliver the Energy it Needs to Develop within a Just Energy Transition. LONDON, Feb. 14, 2023 /PRNewswire/ -- The International Gas Union (IGU) in partnership with Hawilti Ltd. released an important new study on Gas for Africa, assessing the potential for domestic gas resources to energise Africa in line with the global energy transition. The African Energy Commission (AU-AFREC) and the Africa Finance Corporation endorse the report and its findings. DESPITE HOLDING MORE THAN 8% OF THE WORLD’S PROVEN NATURAL GAS RESERVES, AFRICA REMAINS THE MOST ENERGY-POOR CONTINENT Africa has the lowest energy per capita in the world, while the average electricity use of a sub-Saharan Africa resident is lower than that of a household fridge in the US. Where energy is available in African countries, it is often expensive, inefficient, polluting, and unreliable: for example, Nigeria's grid collapsed four times between January and September 2022. Domestic natural gas can help to alleviate Africa's energy poverty, but despite producing over 6% of the world's natural gas supply and having close to one tenth of proven global reserves, most of the African continent has no access to its natural gas. Africa's domestic gas markets remain under-developed or non-existent, especially south of the Sahara, and much of Africa's abundant natural gas resource development has been for export to the rest of the world. Africa produces over 280 bcm of natural gas, while its domestic demand is just above 160 bcm. The adoption of natural gas in Africa will have minimal impact on the net global GHG emissions, given its miniscule starting point. Africa has a fifth of the world's population and represents only 3% of global emissions. For the 48 Sub-Saharan African countries, without South Africa, the estimated share of emissions is 0.55%. If Africa consumes 50% (90 bcm/y) more natural gas by 2030 than it does today, it would generate cumulative CO2 emissions of 10 gigatons (Gt), taking its share of global emissions to 3.5% by 2050, according to the IEA. In the short-term, natural gas can also provide an immediate emissions reductions benefit when it replaces higher emitting energy sources, such as biomass, wood, charcoal, coal, and heavy fuel oil. For example, when replacing coal with natural gas in power generation, Africa can achieve a reduction of 50% in greenhouse gas (GHG) and more than 90% in air pollution emissions. To stay on a long-term decarbonisation trajectory, developing gas infrastructure and markets in Africa should also go hand in hand with integration of variable renewable generation, carbon capture, renewable gases, and hydrogen. Africa wants to leverage its 18 trillion cubic metres of natural gas to rebalance pressing needs of local development with lucrative export revenues. Access to gas can provide stable electricity in countries with no lower-emission alternatives and strengthen power systems to add more renewable energy, and begin decarbonising energy supply, displacing wood, biomass, charcoal, and diesel. Developing domestic access to gas in Africa can provide energy needed today, while anchoring the continent's future low-carbon and renewable energy. By developing domestic gas markets and re-orienting gas towards its own energy needs Africa seeks to promote industrialisation, create jobs, diversify economies, produce fertilizer to grow food, petrochemicals to make consumer goods and advanced products, and steel and cement to develop modern infrastructure. To realise its vast potential and benefit from lucrative sector investments, a pragmatic approach, sense of urgency, and focus on competitiveness are required for Africa to attract the billions of dollars that will be injected into gas projects this decade. Sustainability improvements in current operations will be vital for the gas value chain in Africa to ensure its global competitiveness. There is growing urgency to effectively manage and eliminate methane emissions globally, as well as to end routine flaring. Futureproofing projects to strengthen sustainability and climate value and unlocking additional sources of capital domestically will be key to overcoming financing challenges. Addressing the infrastructure and demand-side barriers will require continued regional cooperation, leveraging gas value chains to develop industrial clusters, reforming electricity markets, pricing emissions, and encouraging the adoption of small, scalable technologies. Policy uncertainty and physical security risks that create an unfavourable business climate and discourage investment also need to be urgently addressed. Fortunately, successful African case studies detailed in the report demonstrate that there are many local solutions and opportunities to achieve gasification, as well as emissions reductions. The Executive Director, Africa Energy Commission, Rashid Abdallah stressed: "Natural gas is a resource that has a significant role to play in bringing about socio-economic development and mitigating climate change in Africa. As part of a just transition, Africa requires gas to contribute to eradicating energy poverty, providing electricity to almost 50% of Africans, playing as catalyst in the provision of clean cooking technologies to nearly billion Africans and creating jobs. The calls for an immediate end to all fossil fuel utilisation, and request for global capital investors to stop funding gas projects will severely impact Africa's socio-economic development." The CEO of Africa Finance Corporation, Samaila Zubairu, commented: "The global energy market is in an unprecedented state of flux, opening significant opportunities for exploration and development of gas in Africa. At the same time, gas is key to helping Africa end its energy poverty quickly and affordably, by providing an alternative to wood fuel, which would lift hundreds of millions out of poverty while preserving Africa's forests – a valuable carbon sink for the world. Gas offers further solutions for Africa's food security challenges as a key source of critical fertilizers, while also generating needed export revenue for re-investment in renewable solutions." The IGU President, Madam Li Yalan reiterated: "Access to modern energy in Africa is imperative for its development, for having an ability to respond to climate change, and for gradually decarbonising its economies. Gas is one of the keys to unlock this access, and it is also a fuel for producing stable and flexible energy needed to integrate more renewables. Using its gas resources together with renewable energy technologies, Africa can build energy systems compatible with a climate- or carbon-neutral future and underpin the continent's sustainable economic development." The Director & Head of Research at Hawilti, Mickael Vogel said:"We are delighted to provide stakeholders and policy-makers with an overview of natural gas dynamics in Africa, and hope it will be valuable to underpin dialogue and pragmatic actions to eliminate energy poverty. As an Africa-based research and consultancy company, we will continue to highlight the diversity and complexity of African energy markets and we see gas as a critical contributor to the continent's development and just energy transition." Download full Report and Press Release here. About the Report The Gas for Africa Report is based on market research, publicly available data, and research interviews conducted with various public and private sector executives across Africa. It assesses key drivers, potential, barriers, and solutions of developing natural gas value-chains in Africa to fight energy poverty and enable a just energy transition. In doing so, it looks at African cases of successfully developing gas, local gas markets, and exports, reducing emissions, and addressing demand-side barriers. Based on this in-depth analysis, the report proposes seven key principles to the successful development of African gas markets. About the International Gas Union (IGU)The International Gas Union (IGU) is a global organisation, which represents more than 150 members in over 80 countries, covering more than 90% of the global gas value chain. The members of the IGU are national associations and commercial entities of the gas industry worldwide, engaged in every aspect of the gas supply chain, from production of natural, renewable, hydrogen and other low and zero-carbon gases through their transportation, delivery, and all the way to end-use. www.igu.org About HawiltiHawilti is an investment research and consulting agency supporting the growth of African businesses by providing business intelligence, investors relations, and business development solutions across the commodities markets and broader infrastructure space. Hawilti frequently publishes economic and market intelligence on Africa and offers comprehensive and updated analysis of sector trends and developments covering the continent's natural resources and energy sector. www.hawilti.com please contact:Tatiana Khanberg, Director, Strategic Communications and Membership, Tatiana.Khanberg@igu.org
Cognizant will implement a digital platform designed to monitor and forecast emissions in real-time, and help develop its new ESG data strategy, reporting and governance model TEANECK, N.J., Feb. 5, 2023 /PRNewswire/ -- Cognizant has extended its relationship with Orica, a leading manufacturer of commercial explosives and innovative blasting systems, to deliver an ESG data strategy and a digital platform, through agile methods, that provides real-time reporting and forecasting of scope 1 and 2 greenhouse gas (GHG) emissions. The project is a key component of Orica's Net Zero strategy, specifically its AUD37 million (USD27 million) Kooragang Island Decarbonization Project. As part of the agreement, Cognizant will leverage Orica's existing technology investments, specifically its Microsoft Azure data lake, and provide Orica with a single ESG data platform. This platform is expected to capture and curate Orica's GHG emissions data, including structured, unstructured and real-time data, with the goal of enabling Orica to monitor, report and forecast its GHG emissions reductions and track the origination of Australian Carbon Credit Units. "There is a growing market-driven need for large organizations in the resources industry to understand, report on and reduce their carbon footprint. As a major supplier to mining and construction companies, Orica also has an important role to play in reducing overall greenhouse gas emissions," said Chris Crozier, Chief Information Officer, Orica. "As such, we needed a trusted partner with a similar focus on ESG goals and sustainability and one with an expertise in data analysis, AI, design and IoT. We look forward to working with Cognizant to help us achieve our own sustainability objectives, while we look for ways to support our customers meeting their own goals." "Core to our company's purpose of engineering modern businesses to improve everyday life is our commitment to embed sustainability into our thinking, decisions, and actions. Growing numbers of customers, investors, regulators, and governmental bodies now expect corporations to make measurable progress toward reducing their greenhouse gas emissions," said Jonathan Smith, Sustainability Lead, ANZ, Cognizant. "To do so, these companies will need to transform their product and technology strategies, supply chains, logistics models, and more. Data is a crucial factor that allows companies to analyze their current emissions and measure against ESG goals over time, and we are incredibly proud of having been appointed as the data, AI and analytics partner for Orica to be able to measure Orica's ESG efforts to reduce its carbon footprint." Orica has installed catalyst abatement technology at its nitric acid production facility at Kooragang Island, forecasting a significant reduction in GHG emissions, specifically nitrous oxide. The Kooragang Island decarbonization inititiave is forecasted to provide cumulative emission reductions of 4.7 million tonnes of CO2e by 2030. The expected cumulative reduction of this project has been calculated to be equivalent to 1% of Australia's annual carbon footprint, or, on an annual basis, avoiding GHG emissions produced by the equivalent of 35,000-50,000 Australian homes. Orica has previously engaged Cognizant to move its IT infrastructure to the cloud to enable Orica to achieve higher levels of efficiency, agility and business impact and optimize operating costs. About Orica Orica (ASX: ORI) is one of the world's leading mining and infrastructure solutions providers. From the production and supply of explosives, blasting systems, mining chemicals and geotechnical monitoring to our cutting-edge digital solutions and comprehensive range of services, we sustainably mobilise the earth's resources. Operating for nearly 150 years, today our 12,000+ global workforce supports customers across surface and underground mines, quarry, construction, and oil and gas operations. Sustainability is integral to our operations. We have set an ambition to achieve net zero emissions by 2050 and are committed to playing our part in achieving the goals of the Paris Agreement. About Cognizant Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our clients modernize technology, reimagine processes and transform experiences so they can stay ahead in our fast-changing world. Together, we're improving everyday life. See how at www.cognizant.com or @cognizant. U.S. Jodi Sorensen jodi.sorensen@cognizant.com Europe / APAC Christina Schneider christina.schneider@cognizant.com India Rashmi Vasisht rashmi.vasisht@cognizant.com Logo - https://mma.prnasia.com/media2/1794711/Cognizant_Logo.jpg?p=medium600
SINGAPORE, Feb. 3, 2023 /PRNewswire/ -- Interion, an authorised dealer for oil majors, is the first to supply Renewable Diesel, also known as Hydrotreated Vegetable Oil (HVO) from Neste in Singapore. Recently, in close collaboration with building and facility owners and operators, bus and truck fleet owners and operators, and engine Original Equipment Manufacturers (OEMs), Interion is supporting firms to immediately reduce up to 90%* of their greenhouse gas (GHG) emissions by switching from fossil-based diesel to Renewable Diesel. The company distributes Neste's Renewable Diesel in Singapore. The Renewable Diesel is produced from renewable waste and residue raw materials such as used cooking oil (UCO). It can be used as a drop in solution without any modification to the diesel engine and existing infrastructure. Unlike biodiesels (Fatty Acid Methyl Esters - FAME) that are typically used in blends like B5 (5% bio-content), B7 (7%), B10 (10%), or B20 (20%), Renewable Diesel can be used either in blending with the fossil fuel or can be used 100% in various types of vehicles and engines such as trucks, vans, generators and trains, just to name a few. It is encouraging for the environment that many firms in Singapore are contacting Interion to make plans to switch to Renewable Diesel. Neste's Renewable Diesel has a very high quality, which can reduce greenhouse gases by up to 90% compared to fossil diesel in the fuel's full life cycle. This, and also the ease of switching are encouraging features that Interion's potential customers may consider. Neste Renewable diesel has been applied in many countries in the Asia Pacific region, such as bus and delivery vehicles in Japan, and cranes in Australia. Renewable Diesel can be delivered in ISO tanks, IBC totes tanks, drums, and even direct vessel bunkering. Anyone looking for Renewable Diesel for their organisation can drop an email to info@interion.com.sg to get help from Interion for their green journey. *The methodology for calculating life cycle emissions and emissions reduction complies with the European Union's Renewable Energy Directive II (2018/2001/EU) About Interion: Interion Pte Ltd was founded in 1995. They specialise in fuels and lubricants and are constantly expanding their product/services to support the environmental efforts of businesses. They have fuels, emission control chemicals such as AUS32, AUS40, and specialty lubricants and coolants. Contact Information: Company Name: Interion Pte Ltd Email: pr@interion.com.sg Contact Person: Ryan Peh Contact Number: +65 6933 7200 Location: 64, Senoko Road, Singapore, 758126 Website URL: https://interion.com.sg/hvo-rd
New Holland T7 Methane Power LNG Tractor New Holland T7 Methane Power LNG Tractor London, December 9, 2022 CNH Industrial unveiled the next step in alternative power for agriculture at its Tech Day event in Phoenix, Arizona, USA. New Holland Agriculture, one of our global agricultural brands, presented the T7 Methane Power LNG (Liquefied Natural Gas) pre-production prototype tractor. Another world first for farming More sustainable, energy independent and productive New Holland is the alternative fuels leader in agriculture - having developed the first commercialized Compressed Natural Gas (CNG) tractor - the T6 Methane Power. The new T7 prototype furthers the Brand’s position, driving greater value for our customers. It more than doubles the autonomy compared to a CNG design. In comparison to the T6 Methane Power CNG, this is a fourfold increase in fuel capacity. It delivers the same power and torque as the equivalent diesel tractor while delivering autonomy without the need for any extra tanks. It’s also quieter – a significant reduction in drive-by noise levels makes it perfect for tasks near livestock or in urban areas. To spearhead this latest development, CNH Industrial partnered with Bennamann, a UK-based expert whose multi-patented approach converts fugitive methane to clean biofuel – offering an energy independent and sustainable farm system. When the T7 prototype is integrated within this process, an operation’s overall carbon footprint can be ‘better than zero.’ Bennamann’s system also provides new opportunities and revenue streams for farmers. These include fuel production at a stable cost; sale of excess biomethane on the open market; generation of 100% natural fertilizer; and conversion of excess methane into electricity for export or local use. The new technology present in the T7 Methane Power LNG has been put through its paces on a variety of farms across myriad applications. This premiere is the first step towards the serial production and commercialization of the world’s first LNG tractor. A tractor that will make our customers more sustainable, energy independent and productive – true to our purpose of Breaking New Ground. For further information on the T7 Methane Power LNG pre-production prototype including images, video and technical information, please visit: bit.ly/CNHI_T7_LNG_ CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world. For more information and the latest financial and sustainability reports visit: cnhindustrial.com For news from CNH Industrial and its Brands visit: media.cnhindustrial.com Media contacts: Rebecca Fabian Anna Angelini North America United Kingdom Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007 mediarelations@cnhind.com
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