Latest news with #MRV
Business Wire
2 days ago
- Business
- Business Wire
Northwind Midstream Partners Announces Permitting of Third AGI Injection Well, Final Approval of MRV Plan, and the Completion of New Compressor Station
HOUSTON--(BUSINESS WIRE)--Northwind Midstream Partners LLC ('Northwind' or the 'Company') today announced that it has received a final order from the New Mexico Oil Conservation Commission approving an additional acid gas injection ('AGI') and carbon sequestration well to be located at the Company's Titan Treating Complex in Lea County, New Mexico. New Devonian AGI Well This will be Northwind's third AGI well, increasing the Company's total permitted daily injection capacity to ~37 million standard cubic feet per day (MMSCFD) of total acid gas ('TAG') when completed in 2026. The injection zone of the new well will target the Devonian formation in the Northern Delaware Basin, and combined with Northwind's existing Devonian AGI well, it will give the Company a total of ~29 MMSCFD of permitted Devonian injection capacity. The new well also provides additional redundancy for Northwind's existing TAG disposal operations at the Titan Treating Complex and will underpin the Company's previously announced expansion of the Titan Complex. The Titan Complex currently operates 150 million cubic feet per day (MMcf/d) of high-circulation amine treating capacity and two AGI and carbon sequestration wells. As part of the buildout of the Titan Complex, Northwind expects to complete its Train #3 by mid-year 2025, which will increase total treating capacity to 200 MMcf/d. Additionally, Northwind has reached FID and customer support to further expand total treating capacity to 400 MMcf/d by 2026. EPA Approval of MRV Plan Northwind has also received a milestone approval from the U.S. Environmental Protection Agency ('EPA') for its monitoring, reporting and verification ('MRV') plan for the permanent sequestration of carbon dioxide ('CO 2 ') at the Titan Treating Complex. Northwind's MRV plan documents how the Company will ensure permanent sequestration of CO 2 in its AGI wells from natural gas treated at the Titan Complex. The MRV approval, in conjunction with meeting other statutory requirements, will allow Northwind to qualify for 45Q tax credits. Completion of Pelham Compressor Station In addition to building out the Titan Complex, Northwind has significantly expanded its natural gas gathering and compression network throughout Lea County. The Company recently placed into service its fifth NACE standard compressor station with initial capacity of 25 MMcf/d. This brings Northwind's total compression capacity to ~225 MMcf/d across its full system. Northwind's gathering and compression network, which is designed specifically to manage produced natural gas with high levels of hydrogen sulfide and carbon dioxide, includes over 200 miles of large-diameter steel pipelines and 47,250 horsepower of compression across five compressor stations. Five Point Perspective David Capobianco, CEO and Managing Partner of Five Point Infrastructure, said, 'Regulatory approval validates Northwind's platform as providing the essential infrastructure needed to expand safe and reliable capacity in Lea County, New Mexico, an increasingly important oil producing region.' Management Perspective 'With these approvals in hand, we look forward to advancing the build out of our Titan Treating Complex, providing our producer partners in Lea County with essential off-spec gas gathering, treating, and sequestration capacity,' said Northwind CEO Matt Spicer. 'The expansion of this facility, along with the addition of our new compressor station, will contribute to the continued growth of the oil and gas industry across the Northern Delaware Basin, while also helping producers manage emissions.' About Northwind Midstream Partners Established in 2022, Northwind's strategy is to develop, own and operate off-spec gas infrastructure in the Permian Basin. Northwind operates a highly efficient, environmentally focused and exceedingly reliable midstream system, which unlocks overall customer value while mitigating customer environmental concerns. Northwind's developed solution provides producers with (i) a superior economic alternative, (ii) significant operational enhancements, (iii) meaningful emissions reductions, and (iv) tangible ESG benefits. Learn more at About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit
Yahoo
2 days ago
- Business
- Yahoo
Northwind Midstream Partners Announces Permitting of Third AGI Injection Well, Final Approval of MRV Plan, and the Completion of New Compressor Station
Northwind on track to increase total permitted daily injection capacity to ~37 million MMSCFD of TAG by 2026 MRV approval qualifies Northwind for 45Q tax credits Fifth NACE standard compressor station increases total compression capacity to ~225 MMcf/d HOUSTON, May 29, 2025--(BUSINESS WIRE)--Northwind Midstream Partners LLC ("Northwind" or the "Company") today announced that it has received a final order from the New Mexico Oil Conservation Commission approving an additional acid gas injection ("AGI") and carbon sequestration well to be located at the Company's Titan Treating Complex in Lea County, New Mexico. New Devonian AGI Well This will be Northwind's third AGI well, increasing the Company's total permitted daily injection capacity to ~37 million standard cubic feet per day (MMSCFD) of total acid gas ("TAG") when completed in 2026. The injection zone of the new well will target the Devonian formation in the Northern Delaware Basin, and combined with Northwind's existing Devonian AGI well, it will give the Company a total of ~29 MMSCFD of permitted Devonian injection capacity. The new well also provides additional redundancy for Northwind's existing TAG disposal operations at the Titan Treating Complex and will underpin the Company's previously announced expansion of the Titan Complex. The Titan Complex currently operates 150 million cubic feet per day (MMcf/d) of high-circulation amine treating capacity and two AGI and carbon sequestration wells. As part of the buildout of the Titan Complex, Northwind expects to complete its Train #3 by mid-year 2025, which will increase total treating capacity to 200 MMcf/d. Additionally, Northwind has reached FID and customer support to further expand total treating capacity to 400 MMcf/d by 2026. EPA Approval of MRV Plan Northwind has also received a milestone approval from the U.S. Environmental Protection Agency ("EPA") for its monitoring, reporting and verification ("MRV") plan for the permanent sequestration of carbon dioxide ("CO2") at the Titan Treating Complex. Northwind's MRV plan documents how the Company will ensure permanent sequestration of CO2 in its AGI wells from natural gas treated at the Titan Complex. The MRV approval, in conjunction with meeting other statutory requirements, will allow Northwind to qualify for 45Q tax credits. Completion of Pelham Compressor Station In addition to building out the Titan Complex, Northwind has significantly expanded its natural gas gathering and compression network throughout Lea County. The Company recently placed into service its fifth NACE standard compressor station with initial capacity of 25 MMcf/d. This brings Northwind's total compression capacity to ~225 MMcf/d across its full system. Northwind's gathering and compression network, which is designed specifically to manage produced natural gas with high levels of hydrogen sulfide and carbon dioxide, includes over 200 miles of large-diameter steel pipelines and 47,250 horsepower of compression across five compressor stations. Five Point Perspective David Capobianco, CEO and Managing Partner of Five Point Infrastructure, said, "Regulatory approval validates Northwind's platform as providing the essential infrastructure needed to expand safe and reliable capacity in Lea County, New Mexico, an increasingly important oil producing region." Management Perspective "With these approvals in hand, we look forward to advancing the build out of our Titan Treating Complex, providing our producer partners in Lea County with essential off-spec gas gathering, treating, and sequestration capacity," said Northwind CEO Matt Spicer. "The expansion of this facility, along with the addition of our new compressor station, will contribute to the continued growth of the oil and gas industry across the Northern Delaware Basin, while also helping producers manage emissions." About Northwind Midstream Partners Established in 2022, Northwind's strategy is to develop, own and operate off-spec gas infrastructure in the Permian Basin. Northwind operates a highly efficient, environmentally focused and exceedingly reliable midstream system, which unlocks overall customer value while mitigating customer environmental concerns. Northwind's developed solution provides producers with (i) a superior economic alternative, (ii) significant operational enhancements, (iii) meaningful emissions reductions, and (iv) tangible ESG benefits. Learn more at About Five Point Infrastructure Five Point Infrastructure LLC (formerly known as Five Point Energy LLC) is a private equity and infrastructure investor focused on investments within the North American powered land, surface management, water management, and sustainable infrastructure sectors. The firm was founded by industry veterans with demonstrated records of success investing in, building, and running infrastructure companies. Based in Houston, Texas, Five Point has approximately $8 billion of assets under management across multiple investment funds. For further information, please visit View source version on Contacts Media:Daniel Yunger / Nathaniel ShahanKekst /
Euronews
3 days ago
- Science
- Euronews
How shipping in the EU is driving the rapid loss of Arctic sea ice
Black carbon emissions from European shipping in the Arctic have been significantly underestimated, a new study suggests. Produced by the incomplete combustion of fuels in ship engines, black carbon is contributing to the rapid loss of Arctic sea ice. Previous reports have only focused on vessels flying EU flags, overlooking the impact of ships travelling to and from EU ports. 'Our findings show that ships connected to EU trade, regardless of their flag, are major drivers of black carbon pollution in the Arctic,' says Liudmila Osipova, senior researcher at the International Council on Clean Transportation (ICCT), and lead author of its new study. 'Recognising these emissions in future policies could help the EU better align its climate goals with its real footprint in the Arctic.' As Arctic shipping activity increases, so too are the associated black carbon (BC) emissions. Between 2015 and 2021, BC emissions in the International Maritime Organisation (IMO)'s definition of the Arctic nearly doubled, according to the study. In the more broadly defined Geographic Arctic, shipping emitted 1.5 kilotonnes (kt) of BC and 12 kt of CO₂ in 2021. About a quarter of these emissions occurred within the IMO definition of the Arctic, indicating a strong growth in BC emissions in the polar area, from 193 tonnes in 2015 to 413 tonnes six years later. This growth trend is concerning, since one tonne of black carbon has a global warming effect equivalent to 900 tonnes of CO₂, as it absorbs more heat in the atmosphere. BC's impact is particularly pronounced in the Arctic. When the sooty particles settle on snow or ice, they reduce the albedo of these surfaces, meaning they reflect less light and so melt faster. This compounds the climate challenges in a region which is already heating up three to four times faster than the global average. Despite its potent climate and health impacts - it is linked to lung cancer, respiratory illness, and cardiopulmonary disease - BC remains one of the most unregulated short-lived climate and air pollutants. Brussels typically only accounts for the emissions from its EU-flagged ships in the Arctic. To give a truer picture of the pollution over which the bloc has control, ICCT has also totted up BC and CO₂ from EU-regulated ships, which answer to the EU Monitoring, Reporting, and Verification (MRV) system as they voyage between EU ports. These vessels are the bigger polluters, it found. BC and CO₂ emissions from EU-regulated ships of at least 5,000 gross tonnage were nearly double those from EU-flagged ships in the IMO Arctic in 2021. That year, nearly three-quarters of the ships operating in the Geographic Arctic and half of those in the IMO Arctic were navigating to or from EU ports. To address a significant gap in its maritime regulation, the researchers say that EU policymakers could include BC among the pollutants measured and reported within the bloc's MRV system. Beyond improved emissions tracking, there are various ways to reduce BC emissions, such as incentivising ships to use distillate instead of residual fuel, and encouraging the installation of diesel particulate filters on board.
Yahoo
21-05-2025
- Business
- Yahoo
Hempalta Provides Update on Strategic Transition, Plant Closure, FCC Loan, and Carbon Credit Progress
Calgary, Alberta--(Newsfile Corp. - May 21, 2025) - Hempalta Corp. (TSXV: HEMP) ("Hempalta" or the "Company"), a Canadian-based innovator in nature-based carbon credits, today provided an update on its ongoing corporate transformation and operational milestones. As part of its previously announced strategic shift to focus exclusively on its high-growth carbon credit business, Hempalta has completed the wind down and closure of its processing facility in Calgary. The facility has now been vacated and decommissioned. FCC Loan Update In connection with the plant closure, the Company's wholly owned subsidiary, Hempalta Processing Inc. ("HPI") has received a notice of default from Farm Credit Canada ("FCC") in respect of the Company's obligations under its existing loan agreement and related security (the "Default"). The notice cites technical defaults arising from the cessation of operations and FCC's determination that there is a material adverse change. No monetary payment default has occurred to date. Equipment Sales In connection with the Default, and further to the previously announced marketing of the Company's turn-key industrial hemp processing line, including biochar processing equipment (the "Equipment"), the Company is pleased to announce that HPI has entered into a binding asset purchase agreement (the "Purchase Agreement") with an arm's length third party for sale of the Equipment for cash consideration of USD$1,150,000 (the "Purchase Price") (the "Transaction"). The Purchase Agreement includes the payment of a fifty percent deposit of USD$575,000 upon signing, and remains subject to standard closing conditions including but not limited to the receipt of necessary regulatory and shareholder approvals (the "Approvals"), and receipt of the balance of the Purchase Price. In connection with the Purchase Agreement, certain insiders have signed voting support agreements in respect of shareholder approval of the Transaction. Proceeds from the Transaction will be used to satisfy the outstanding amounts owed to FCC to satisfy the Default, and are also expected to be used to reduce outstanding corporate liabilities and strengthen the Company's balance sheet. The Company expects to call its annual and special shareholders meeting to approve the Transaction and annual items in due course. Carbon Credit Update Hempalta is pleased to report continued growth and progress in its carbon credit business: For the 2024 crop year, approximately 29,000 tonnes of CO₂ sequestration have been calculated using the Company's AI-powered MRV (Measurement, Reporting and Verification) platform. These credits are currently in final verification with Control Union, and once issued, will bring the Company's total verified credits to over 44,000 tonnes when combined with the previously announced 15,325 credits issued for 2023. Looking ahead to 2025, the Company anticipates continued growth in its carbon credit program driven by expanded farm participation. Final 2025 acreage and sequestration estimates are anticipated to be announced when Hempalta reports its Q2 results at the end of May. Upcoming Industry Event Participation Hempalta also announced its participation in Carbon Unbound East Coast, taking place May 21-22, 2025, in New York City. The Company will be showcasing its innovative hemp-based carbon credit methodology and actively engaging with global carbon buyers and partners. "We continue to execute on our focused carbon-first strategy while responsibly managing the wind down of legacy operations," said Darren Bondar, CEO of Hempalta. "We are continuing to advance our carbon credit platform, and seeing clear momentum in both our sequestration volumes and industry engagement." About HEMPALTA Hempalta Corp. (TSXV: HEMP) is a nature-based carbon credit provider utilizing industrial hemp's potential to sequester carbon. Through its subsidiary Hemp Carbon Standard Inc. (HCS), the Company develops methodologies and supports farmers in monetizing regenerative farming practices. In addition to HCS, through its subsidiary Hempalta Processing Inc., the Company retains its established hemp-based product lines for licensing, supporting a balanced portfolio that addresses modern sustainability needs. Learn more at or contact Investor Relations at invest@ For more information, please contact: Investor RelationsHempalta info@ Website: Hempalta Corp. Web: Email: info@ Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release. Forward-Looking Information This news release contains statements and information that, to the extent that they are not historical fact, may constitute "forward-looking information" within the meaning of applicable securities legislation. Forward-looking information is typically, but not always, identified by the use of words such as "will," "expected," "plans," "enable," "positions," "aim," and similar words, including negatives thereof, or other similar expressions concerning matters that are not historical facts. Forward-looking information in this news release includes, but is not limited to, statements regarding: the anticipated benefits of the sale of the Equipment; the timing and closing of the Transaction; the receipt of necessary Approvals; ; the Company's ability to execute its carbon credit initiatives; the settlement of the outstanding Default with FCC; the demand for carbon credits increasing; the ability of the Company to successfully scale the Hemp Carbon Standard platform; any future financing of the Company; and the Company's future business development activities. Such forward-looking information is based on various assumptions and factors that may prove to be incorrect, including, but not limited to, assumptions regarding: the completion of the Transaction and receipt of Approvals; the settlement of the outstanding Default with FCC;; the expected benefits of the Hemp Carbon Standard platform; the ability of the Company to maintain access to capital markets and financing sources; demand for carbon credits in the voluntary market; the sale of the Equipment and the proceeds from such sales being sufficient to satisfy outstanding debts; required regulatory approvals; and the ability of Hempalta to successfully execute its strategic plans. Although the Company believes that the assumptions and factors on which such forward-looking information is based are reasonable, undue reliance should not be placed on the forward-looking information, because the Company can give no assurance that it will prove to be correct or that any of the events anticipated by such forward-looking information will transpire or occur, or if any of them do so, what benefits the Company will derive therefrom. Actual results may vary from those currently anticipated due to a number of factors and risks, including, but not limited to: General economic conditions and conditions in the capital markets; Regulatory risks relating to approvals required by securities regulators or other governing bodies; Risks associated with debt financing, including repayment obligations; Market risks affecting the voluntary carbon credit market and demand for nature-based carbon credits; Risks affecting the closing of the Transaction and the satisfaction of outstanding conditions; Operational risks, including the ability to successfully implement the Hemp Carbon Standard at scale; Risks associated with future financings and the terms available for such financings; Weather and environmental factors affecting the ability of farms to grow industrial hemp; Risks related to Other risks detailed in the Company's continuous disclosure filings available on SEDAR+ at The forward-looking information included in this news release is made as of the date of this news release, and the Company does not undertake an obligation to publicly update such forward-looking information to reflect new information, subsequent events, or otherwise, except as required by applicable law. NOT FOR DISTRIBUTION IN THE UNITED STATES OR OVER U.S. NEWSWIRES To view the source version of this press release, please visit
The Hindu
13-05-2025
- The Hindu
SCR's civil defence unit to train staff on cyber attacks
The South Central Railway's Civil Defence Organisation (CDO) is planning to introduce advanced training modules incorporating simulations of cyber-attacks and integration of cyber defence strategies. The CDO unit, through its focus on safeguarding the railway network, wants to utilise real-time monitoring systems and data analytics for effective emergency response. For that to happen, it has sought dedicated budgets for taking up continuous training, improving equipment and infrastructure. It also wants to expand campaigns to educate passengers and leveraging digital platforms, informed senior officials on Tuesday. The railway officials have pointed out that due to the increasing digitisation of railway operations, the staff should also be up-to-date with the cyber security risks. These programmes are to be tailored for volunteers, workshop staff, frontline and onboard staff, Railway Protection Force (RPF), Accident Relief Train/Medical Relief Van (ART/MRV) personnel, and others involved in critical safety topics. 'Railways is a critical artery of the nation's economy and connectivity, hence vulnerable to disruptions from accidents, terrorist threats and natural calamities. The CDO is tasked with protecting railway infrastructure, ensuring passenger safety, and maintaining operational continuity during emergencies,' they said. The safety unit came into focus when it conducted the 45-minute mock drill while the country was preparing for 'Operation Sindoor' at Kacheguda, Raichur and Aurangabad railway stations last week. Here, the railway staff volunteers simulated hostile attack scenarios, testing air raid siren activation, passenger evacuation, fire-fighting, basic life support, etc., showcased the volunteers preparedness and training. The select volunteers were earlier trained at the National Disaster Response Force (NDRF) Academy in Nagpur to become instructors at various levels in fire-fighting, first aid, evacuation procedures and handling unexploded ordnance. The SCR civil defence teams have proved their capabilities in the flood affected areas of Vijayawada last year when working in challenging conditions they delivered essential supplies to distressed communities, said officials. The zonal railway network is across Telangana, Andhra Pradesh, Maharashtra, and Karnataka. Each of the six divisions - Secunderabad, Hyderabad, Vijayawada, Guntakal, Guntur and Nanded - have a designated Divisional Emergency Officer (DEO), and also workshop emergency officers, to oversee civil defence activities. The unit, currently led by Deputy General Manager Controller of Civil Defence Kotla Udaynath, had trained about 6,500 railway staff across various departments and institutions and has been recognised as the best performing CD Unit across the entire railways, according to chief public relations officer A. Sridhar, who was in charge of the unit before the present posting.
