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Cross Timbers Royalty Trust Declares March Cash Distribution

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DALLAS, March 19, 2021 /PRNewswire/ — Simmons Bank, as Trustee of the Cross Timbers Royalty Trust (NYSE: CRT), today declared a cash distribution to the holders of its units of beneficial interest of $0.037301 per unit, payable on April 14, 2021, to unitholders of record on March 31, 2021. The following table shows underlying oil and gas sales and average prices attributable to the current month and prior month distributions.



Underlying Sales








Volumes (a) 


Average Price




Oil

(Bbls)


Gas

(Mcf)


Oil

(per Bbl)


Gas

(per Mcf)












Current Month Distribution


11,000


91,000


$49.16


$4.57












Prior Month Distribution


12,000


175,000


$43.96


$3.79












(a) Sales volumes are recorded in the month the Trust receives the related net profits income.  Because of this, sales volumes may fluctuate from month to month based on the timing of cash receipts.
















Excess Costs
XTO Energy has advised the Trustee that $13,000 of excess costs were recovered on properties underlying the Texas Working Interest net profits interests. However, after the partial recovery, there were no remaining proceeds from the properties underlying the Texas Working Interest net profits interests to be included in this month’s distribution. Underlying cumulative excess costs remaining on the Texas Working Interest net profits interests after the current month’s distribution total $2.7 million, including accrued interest of $451,000.

XTO Energy has advised the Trustee that excess costs increased by $6,000 on properties underlying the Oklahoma Working Interest net profits interests. However, these excess costs did not reduce net proceeds from the remaining conveyances. Underlying cumulative excess costs remaining on the Oklahoma Working Interest net profits interests after the current month’s distribution total $0.3 million, including accrued interest of $6,000.

For more information on the Trust, please visit our web site at www.crt-crosstimbers.com.

SOURCE Cross Timbers Royalty Trust

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Energy

Atlantic Power Obtains Final Court Order Approving Arrangement

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DEDHAM, Mass., April 19, 2021 /PRNewswire/ — Atlantic Power Corporation (NYSE: AT) (TSX: ATP) (“Atlantic Power” or the “Company”) announced today that it has obtained a final court order from the Supreme Court of British Columbia approving its previously announced arrangement with certain affiliates (collectively the “Purchasers”) of infrastructure funds managed by I Squared Capital Advisors (US) LLC.

The previously announced transaction with the Purchasers (the “Transaction”) remains subject to the satisfaction or waiver of certain conditions, including approval of the holders of the Company’s convertible debentures (“Convertible Debentures”), certain remaining regulatory approvals and third-party consents, and other customary closing conditions. As previously disclosed, the parties intend to close the Transaction without the approval of the holders of the Convertible Debentures unless a sufficient number of Convertible Debentures are voted in favor of the Transaction as currently structured. The parties are continuing to work through the steps required to do so and additional details will be provided once these steps are substantially finalized.

The Transaction has received approval from the holders of common shares of the Company and the holders of preferred shares and medium term notes of certain of the Company’s subsidiaries. The Transaction also has received certain required regulatory approvals, including an advance ruling certificate from the Canadian Commissioner of Competition under the Competition Act (Canada) on February 5, 2021, the expiration of the required waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 on March 9, 2021, and the approval of the Federal Energy Regulatory Commission on April 2, 2021. The parties currently expect to close the Transaction in the second quarter of 2021.

About Atlantic Power

Atlantic Power is an independent power producer that owns power generation assets in eleven states in the United States and two provinces in Canada. The Company’s generation projects sell electricity and steam to investment-grade utilities and other creditworthy large customers predominantly under long–term PPAs that have expiration dates ranging from 2021 to 2043. The Company seeks to minimize its exposure to commodity prices through provisions in the contracts, fuel supply agreements and hedging arrangements. The projects are diversified by geography, fuel type, technology, dispatch profile and offtaker (customer). Approximately 75% of the projects in operation are 100% owned and directly operated and maintained by the Company. The Company has expertise in operating most fuel types, including gas, hydro, and biomass, and it owns a 40% interest in one coal project.

Atlantic Power’s shares trade on the New York Stock Exchange under the symbol AT and on the Toronto Stock Exchange under the symbol ATP. For more information, please visit the Company’s website at www.atlanticpower.com or contact:

Atlantic Power Corporation 
Investor Relations
(617) 977-2700 
[email protected]

Copies of the Company’s financial data and other publicly filed documents are available on SEDAR at www.sedar.com or on EDGAR at www.sec.gov/edgar.shtml under “Atlantic Power Corporation” or on the Company’s website.

Cautionary Note Regarding Forward-Looking Statements

Certain statements in this news release may constitute forward-looking information or forward-looking statements within the meaning of applicable securities laws (collectively, “forward-looking statements”), which reflect the expectations of management regarding the future growth, results of operations, performance and business prospects and opportunities of the Company and its projects. These statements, which are based on certain assumptions and describe the Company’s future plans, strategies and expectations, can generally be identified by the use of the words “plans”, “expects”, “does not expect”, “is expected”, “budget”, “estimates”, “forecasts”, “targets”, “intends”, “anticipates” or “does not anticipate”, “believes”, “outlook”, “objective”, or “continue”, or equivalents or variations, including negative variations, of such words and phrases, or state that certain actions, events or results, “may”, “could”, “would”, “should”, “might” or “will” be taken, occur or be achieved. Examples of such statements in this news release include, but are not limited to, statements with respect to the closing of Transaction and the anticipated timing of any such closing of the Transaction and the parties’ intentions with respect to the Convertible Debentures if the Transaction is not approved by the required percentage of holders of the Convertible Debentures.

Forward-looking statements involve significant risks and uncertainties, should not be read as guarantees of future performance or results, and will not necessarily be accurate indications of whether or not or the times at or by which such performance or results will be achieved. Please refer to the factors discussed under “Risk Factors” and “Forward-Looking Information” in the Company’s periodic reports as filed with the U.S. Securities and Exchange Commission (the “SEC”) from time to time for a detailed discussion of the risks and uncertainties affecting the Company. Although the forward-looking statements contained in this news release are based upon what are believed to be reasonable assumptions, investors cannot be assured that actual results will be consistent with these forward-looking statements, and the differences may be material. These forward-looking statements are made as of the date of this news release and, except as expressly required by applicable law, the Company assumes no obligation to update or revise them to reflect new events or circumstances.

SOURCE Atlantic Power Corporation

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Rhythm to Celebrate Earth Day With Flower Grow Kit Giveaway

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HOUSTON, April 19, 2021 /PRNewswire/ — Rhythm, a renewable energy provider, today announced its plans to celebrate Earth Day 2021 by supporting some of Texas’ most essential workers – bees, butterflies, and birds. The company, which supported Texans throughout the winter freeze in February, will now call attention to the impact from the loss of plant life, a vital food source for pollinators, and give its new customers a way to help.

The company is pledging to give each new customer who signs up with Rhythm between April 15 and April 30 a Flower Grow Kit. The kits include 25 different wildflower species specifically selected to support, sustain, and delight the pollinators in Texas yards, gardens, and communities.

“We saw many of our neighborhoods lose plants due to the winter freeze,” said P.J. Popovic, co-Founder and CEO of Rhythm.

“Some people do not realize the impact bees, butterflies, and birds have on the planet and human life. One out of every three bites of food we eat exists because of pollinators. As a renewable energy company, we want to promote a healthy and sustainable Texas. We think this Flower Grow Kit helps to do just that. And know that there are a lot of people who are ready to help.”

With plans powered by Texas wind, this move is in line with Rhythm’s commitment to build an energy experience that is better for the planet, as well as one that is easy for consumers. When consumers join Rhythm, not only will they be able to support plant growth in Texas, but they will also get: 

  • Fair-for-All-Pricing: Every customer, new or renewing, gets access to the same great rates. 
  • No hidden fees: Customers will not receive an unexpected fee unless they miss a payment or terminate after 90 days. 
  • Rhythm Rewards: Setting up Auto Pay, referring friends, or using eBill will earn customers points, which can be cashed in for a lower bill.
  • Texas-based customer support: Available 7 days a week.
  • Cover Your Current Provider’s Early Termination Fee, Up to $150: Get up to $150 in bill credits to cover your old provider’s Early Termination Fee (ETF).
  • 90-Day Easy Energy Promise: Customers can leave early without the penalty in their first 90 days.

For more information on Rhythm, or to find out more about signing up for service and getting a Free Flower Grow Kit, visit GotRhythm.com.  

About Rhythm

Rhythm is a new energy provider offering Texas homeowners affordable, 100 percent renewable energy plans. The startup company is rethinking the energy experience, making it easier, faster and more human. Powered by smart data, Rhythm is investing in local renewable energy and Texas-based customer care available seven days a week. All Rhythm customers, whether new or renewing, receive the same great rates, and Rhythm offers a 90-Day Easy Energy Promise that lets customers try its service for 90 days or leave early without the penalty. The privately held company also offers a rewards program that encourages customers to support sustainability. Learn more at GotRhythm.com or call our customer care team at 1-888-774-9846. For all media related questions please email [email protected].

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SOURCE Rhythm

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Energy

Silicone Defoamers Market to accelerate at a CAGR of Over 4% during 2021-2025|Technavio

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Download FREE Sample Report 

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. BASF SE, Baker Hughes Co., Buckman Laboratories International Inc., Clariant International Ltd., Elementis Plc, Elkem ASA, Evonik Industries AG, Huntsman Corp., Kemira Oyj, and Momentive Performance Materials Inc. are some of the major market participants. The increasing demand from the construction industry will offer immense growth opportunities. To leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments while maintaining their positions in the slow-growing segments.

Silicone Defoamers Market 2021-2025: Segmentation

Silicone Defoamers Market is segmented as below:

  • Application
    • Architectural
    • Industrial
    • W And F
    • O And G
    • Others
  • Geography
    • North America
    • APAC
    • Europe
    • MEA
    • South America

To learn more about the global trends impacting the future of market research, download a free sample:
https://www.technavio.com/talk-to-us?report=IRTNTR70488

Silicone Defoamers Market 2021-2025: Vendor Analysis and Scope
To help businesses improve their market position, the silicone defoamers market provides a detailed analysis of around 25 vendors operating in the market. Some of these vendors include BASF SE, Baker Hughes Co., Buckman Laboratories International Inc., Clariant International Ltd., Elementis Plc, Elkem ASA, Evonik Industries AG, Huntsman Corp., Kemira Oyj, and Momentive Performance Materials Inc.

The report also covers the following areas:

  • Silicone Defoamers Market size
  • Silicone Defoamers Market trends
  • Silicone Defoamers Market industry analysis

The increasing demand from the construction industry is likely to emerge as one of the primary drivers of the market. However, stringent regulations concerning heavy and toxic metals may threaten the growth of the market.

Backed with competitive intelligence and benchmarking, our research reports on the silicone defoamers market are designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.

Related Reports on Materials Include:
Global Low Foam Surfactants Market The low foam surfactants market is segmented by application (home and personal care, industrial and institutional cleaning, food and dairy cleaning, and others) and geography (APAC, Europe, North America, the Middle East and Africa, and South America). 
Download FREE Sample Report

Global Specialty Biocides Market– The specialty biocides market is segmented by product (halogen compounds, nitrogen-based, inorganics, organosulfur, and others), application (water treatment, wood preservation, hygiene and disinfectants, paints and coatings, and others), and geography (North America, Europe, APAC, South America, and the Middle East and Africa). 
Download FREE Sample Report

Silicone Defoamers Market 2021-2025: Key Highlights

  • CAGR of the market during the forecast period 2021-2025
  • Detailed information on factors that will assist silicone defoamers market growth during the next five years
  • Estimation of the silicone defoamers market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the silicone defoamers market
  • Analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of silicone defoamers market vendors

Table of Contents:

Executive Summary

Market Landscape

  • Market ecosystem
  • Market characteristics
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Architectural – Market size and forecast 2020-2025
  • Industrial – Market size and forecast 2020-2025
  • Wood and furniture – Market size and forecast 2020-2025
  • Oil and gas – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Application

Customer Landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • APAC – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • MEA – Market size and forecast 2020-2025
  • South America – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive Scenario

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • BASF SE
  • Baker Hughes Co.
  • Buckman Laboratories lnternational Inc.
  • Clariant International Ltd.
  • Elementis Plc
  • Elkem ASA
  • Evonik Industries AG
  • Huntsman Corp.
  • Kemira Oyj
  • Momentive Performance Materials Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

Technavio’s in-depth market research reports now include a thorough analysis of the COVID-19 impact on various markets to help industry leaders navigate their business through the new normal.
Download FREE Sample Report 

About Us
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contact
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
Report Page: https://www.technavio.com/report/silicone-defoamers-market-industry-analysis

SOURCE Technavio

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Energy

Global Green Hydrogen Power Industry Report 2020: Growth Potential Enhanced by Regulatory Frameworks, Rollout of Renewable Energy Sources, and Innovations in Electrolysers Technology

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DUBLIN, April 19, 2021 /PRNewswire/ — The “Advances in Green Hydrogen Create Opportunity across the Global Power Sector” report has been added to ResearchAndMarkets.com’s offering.

The primary aim of this research is to analyze the current and future market potential of green hydrogen as an energy carrier driving transition toward a sustainable energy future. The study identifies growth opportunities for the green hydrogen market in the global power sector and some of the key countries and companies active in this space.

Currently, green hydrogen account less than 1% of the total hydrogen produced. The global demand for green hydrogen and its emerging applications is expected to increase exponentially in the next 20 years, creating need for considerable infrastructure to handle production and delivery. It will take 10 to 20 years before a green hydrogen economy becomes mainstream across the global power sector and other segments.

Increasing concerns about carbon emissions and the need to decarbonize the industrial, commercial, transport, and power sectors have forced countries to reduce their dependency on fossil fuel-based systems and increase deployment of renewable energy sources (RES). To meet the 1.5-degree Celsius target, global renewable energy capacity should increase from about 2500 GW in 2019 to more than 15,000 GW in 2050, a near 6-fold increase.

However, total decarbonization of certain sectors, such as transport and industry, cannot be achieved solely by electrification. This challenge can be addressed by green hydrogen produced through electrolysis from RES, wind and solar, in particular. Green hydrogen produced through electrolysis can then be used downstream as a chemical feedstock material in high-carbon sectors that are difficult to decarbonize through electrification alone.

In the last five years, interest has grown in using green hydrogen as a low- or zero-carbon energy carrier, and many governments have started acknowledging the fact that a green hydrogen-based economy could be the answer to growing concerns over carbon emissions, energy security, and climate change.

Technological institutions in various countries have already invested in pilot and demonstration projects related to the production, storage, distribution, and utilization of green hydrogen across different business verticals.

For a green hydrogen economy to become a reality, technological and economical breakthroughs are needed to bring down the costs associated with production; other needs are decisive regulatory frameworks to promote investments and support in research and development (R&D) activities related to technologies for the production, storage, transport, and utilization of hydrogen.

Key Topics Covered:

1. Strategic Imperatives

  • Why Is It Increasingly Difficult to Grow?
  • The Strategic Imperative
  • Impact of the Top Three Strategic Imperatives on Green Hydrogen in the Global Power Market
  • Growth Opportunities Fuel the Growth Pipeline Engine

2. Executive Summary

  • Green Hydrogen Roadmap to 2050 in the Global Power Sector
  • Green Hydrogen Industry: Hotspots
  • Growth Opportunities for Green Hydrogen

3. Growth Opportunity Analysis – Green Hydrogen in the Global Power Sector

  • Research Aim
  • Study Coverage and Exclusions
  • Key Questions this Study will Answer
  • Moving toward Decarbonization
  • Green Hydrogen: A Catalyst Accelerating Transition toward Sustainable Green Economy
  • Green Hydrogen in Energy Transition: Applications
  • Green Hydrogen Production Pathways
  • Green Hydrogen Production Pathways: Technology Maturity Level
  • Green Hydrogen: Two Major Applications across the Power Sector
  • Key Companies Working on Green Hydrogen Initiatives
  • Market Drivers
  • Market Restraints

4. Growth Environment – Key Market Trends

  • Key Market Trends
  • Power-to-X Technology
  • Strong Partnerships to Drive Pilot and Demonstration Projects
  • Decreasing Costs and Increasing Economies of Scale
  • Hydrogen as a Lifeline for Nuclear Energy
  • Ammonia as a Green Carrier
  • Africa for Hydrogen

5. Growth Environment – Market Forecasts

  • Green Hydrogen: Global Production Forecast
  • The Global Green Hydrogen Market: Production Forecast Discussion
  • Global Green Hydrogen: Electrolyser Cumulative Installed Capacity
  • Global Green Hydrogen: Electrolyser Cumulative Installed Capacity Discussion
  • Global Green Hydrogen: Electrolyser Regional Cumulative Installed Capacity
  • Global Green Hydrogen: Electrolyser Regional Cumulative Installed Capacity Discussion

6. Growth Environment – Regional Analysis

  • Green Hydrogen Industry: Regional Analysis
  • Green Hydrogen Industry: Hotspots
  • Forecast Discussion and Pilot Projects
  • List of Planned Pilot and Demonstration Projects
  • Green Hydrogen Developments

7. Growth Environment – Competitive Analysis

  • The Green Hydrogen Value Chain
  • Competitive Landscape: Hydrogen Ecosystem
  • Competitive Landscape: Green Hydrogen Ecosystem
  • Companies to Watch: NEL
  • Companies to Watch: Hydron Energy
  • Companies to Watch: Horizon Fuel Cell Technologies
  • Companies to Watch: Hydrogen Pro

8. Growth Opportunity Universe – Green Hydrogen

  • Growth Opportunity 1: Power-to-X Pathways for the Decarbonization and Management of the Power Sector, 2019
  • Growth Opportunity 2: Blending Green Hydrogen into Existing Natural Gas Pipelines to Reduce CO2 Emissions, 2019
  • Growth Opportunity 3: Primary and Secondary Power Source for Commercial and Industrial Applications, 2019
  • Growth Opportunity 4: Combination of Lithium-Ion and Hydrogen Storage Systems Acting as a Primary and Backup Power Source, 2019
  • Growth Opportunity 5: CHP Fuel Cells for Industrial and Commercial Applications, 2019
  • Growth Opportunity 6: Green Ammonia as an Energy Source, 2019

9. Next Steps

For more information about this report visit https://www.researchandmarkets.com/r/35t2rk

Media Contact:

Research and Markets
Laura Wood, Senior Manager
[email protected]

For E.S.T Office Hours Call +1-917-300-0470
For U.S./CAN Toll Free Call +1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

SOURCE Research and Markets

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