Latest news with #TomasTumėnas
Business Upturn
3 days ago
- Business
- Business Upturn
KN Energies signs Grant Agreement with the European Commission
By GlobeNewswire Published on June 12, 2025, 11:00 IST International energy terminal operator AB KN Energies (hereinafter – KN, the Company) has signed a Grant Agreement with the European Commission to conduct technical and commercial studies for a planned CO2 terminal in Klaipėda. The terminal is a part of the CCS Baltic Consortium's cross-border carbon dioxide (CO2) capture, transport and storage value chain currently under development across Lithuania and Latvia. Under the agreement, The European Commission will contribute more than EUR 3 million for the CO2 terminal in Klaipėda technical and commercial studies from the Connecting Europe Facility programme for Energy (CEF). The EU will co-finance 50% of the study costs. The funding will support technical, commercial, and environmental assessments, enabling a Final Investment Decision (FID) by the end of 2027. The CO₂ terminal is expected to begin commercial operations in 2030. The CCS Baltic Consortium, coordinated by the Company, aims to create the first integrated carbon capture, transport, and storage (CCS) value chain in the Baltic region. In recognition of its strategic cross-border importance, the project was granted Project of Common Interest (PCI) status by the European Commission at the end of 2023, making it eligible for CEF funding. Formed in 2022, the CCS Baltic Consortium currently includes Akmenės Cementas AB, KN Energies AB, Larvik Shipping AS, Mitsui O.S.K. Lines, Ltd., and SCHWENK Latvija SIA. The consortium also collaborates with gas transmission system operators Amber Grid (Lithuania) and Conexus Baltic Grid (Latvia) to assess CO₂ transportation via onshore pipeline the consortium remains open to the participation of other regional emitters. Tomas Tumėnas, Chief Financial Officer, +370 46 391772 Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.
Yahoo
20-02-2025
- Business
- Yahoo
AB KN Energies (KN) will hold an Investor Conference Webinar to introduce unaudited financial results for the twelve months of 2024
KN invites shareholders, investors, analysts, and other stakeholders to join its investor conference webinar scheduled on February 28th of 2025 at 11.00 am (EET). The presentation will be held in English. The webinar will be hosted by KN Chief Financial Officer Tomas Tumėnas who will introduce the performance and unaudited financial results of KN for the twelve months of 2024. After the presentation investors are welcome to ask questions. Due to limited webinar time, we encourage participants to send their questions before the webinar until February 26th to How to join the webinar?To join the webinar, please register via following link: You will be provided with the webinar link and instructions how to join successfully. When joining the webinar for the first time, you will be asked to download the plug-in which will take only few seconds. In case plug-in can't be downloaded, a web browser which enables attending the webinar, opens automatically. The webinar will be recorded and available online for everyone at the company's website on and on Nasdaq Baltic account. What is a corporate webinar?A corporate webinar is a virtual conference, during which company's representatives provide information about the company and its performance. Webinar allows interactive communication and a possibility to ask questions and get answers directly from the company while being located anywhere. Tomas Tumėnas, Chief Financial Officer, +370 46 391772 Sign in to access your portfolio
