–Join these leaders for the 2nd Annual Roots of Peace “MINES TO VINES” Celebratory Dinner, where they will shed light on cultivating peace in war-torn lands– SAN FRANCISCO, March 17, 2023 /PRNewswire/ — Violet Grgich, President and CEO of Grgich Hills Estate, and Heidi Kuhn, Founder and…
Month: March 2023
SHENZHEN, China, March 17, 2023 /PRNewswire/ — ICZOOM Group Inc. (Nasdaq: IZM) (the “Company” or “ICZOOM”), a B2B e-commerce trading platform primarily engaged in sales of electronic component products in Hong Kong and mainland China, today announced the closing of its initial public…
CAMBRIDGE, Mass., March 17, 2023 /PRNewswire/ — Pegasystems Inc. (NASDAQ: PEGA), the low-code platform provider empowering the world’s leading enterprises to Build for Change®, today announced a quarterly cash dividend of $0.03 per share, maintaining the company’s current dividend…
Today, CNH Industrial is expanding its alternative fuel capabilities by taking a majority stake in Bennamann – a UK-based expert in solutions to capture, repurpose and store fugitive methane emissions for energy use. In conjunction with CNH Industrial equipment, Bennamann’s infrastructure delivers a carbon negative system that fully supports a circular economy in farming. This move boosts our leading position and portfolio in alternative fuels for the agriculture industry.
“By consolidating our share in Bennamann, we are offering our customers a full energy production, storage and distribution service,” says Derek Neilson, President Agriculture at CNH Industrial. “This solution can transform farms into mini energy hubs that can satisfy their own energy needs, produce their own natural fertilizer and sell any excess gas on the open market. It also enables them to generate their own electricity. This makes us a true alternative energy enabler, able to serve myriad applications and contribute to a carbon negative future.”
Reducing emissions such as methane and CO2 from biowaste and operations is one of agriculture’s greatest environmental issues. To help farmers meet this challenge, CNH Industrial has been pioneering sustainable alternative power solutions in agriculture for over two decades, including the world’s first tractor running on compressed natural gas – the New Holland T6.180 Methane Power. Alternative fuels and electrification can enhance a farmer’s operational flexibility, efficiency, and even profitability, while dramatically offsetting their carbon footprint.
Our relationship with Bennamann began in 2019 when we jointly developed a liquefied natural gas fuel tank for our tractor prototype. In 2021, our Ventures investment arm acquired a minority stake in the business. On a pilot farm in the UK, our shared technologies are capturing fugitive emissions from farm biowaste – specifically livestock manure slurry – which are then purified into biomethane that is subsequently either compressed or liquefied. Both can be used as vehicle fuel, to generate electricity, and even supply household or farm power, while the byproducts of the conversion process can be used as a natural fertilizer. In total, the system provides energy independence for the farm, reduces input costs, and potentially generates additional revenue streams. This work has also led to the introduction of the world’s first liquefied fugitive methane tractor prototype, the New Holland T7 Methane Power LNG, which is operationally carbon negative when fueled by Bennamann’s system.
This latest strategic investment furthers our commitment to the Science Based Targets initiative by reducing CO2 emissions in agriculture. Our research has found that a 120-cow farm operating our shared methane capture technology can reduce the CO2 equivalent of 100 western European households – about 780 tons annually.
Together, we have progressed beyond the prototype phase and will install the CNH Industrial-Bennamann solution on multiple farms over the next year. This will start with compressed fugitive methane solutions, moving to liquefied in the future.
Why Liquefied Fugitive Methane?
Due to its high energy density, liquefied methane (a natural gas) is much easier to store and efficiently distribute than renewable energy sources such as Hydrogen and compressed natural gas. This makes liquefied methane a direct and suitable replacement for fossil fuels in high power applications, even in the most remote locations such as construction sites.
Our strategic and sustainable solutions see CNH Industrial continue Breaking New Ground in energy independence to keep our customers competitive while facilitating climate-friendly practices in farming.
Click here to view the full Press Release.
Presentation Intended to Aid Stakeholders in Review of the Schedules and SOFAs WILMINGTON, Del., March 17, 2023 /PRNewswire/ — FTX Trading Ltd. (d.b.a. FTX.com), and its affiliated debtors (together, the “FTX Debtors”) today announced that they provided the Official Committee of…
NEW YORK, March 17, 2023 /PRNewswire/ — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of non-fungible tokens (“NFTs”) of DraftKings Inc. (NASDAQ: DKNG) between August 11, 2021 and the present (the “Class Period”) of the important May 8, 2023 lead plaintiff…
Rural broadband leader brings breadth of capabilities enabling co-op to deliver gigabit-speed internet to its members KANSAS CITY, Mo., March 17, 2023 /PRNewswire/ — Pahrump, Nevada-based Valley Electric Association has selected rural fiber-optic network design and construction…
ATLANTA, March 17, 2023 /PRNewswire/ — Cor Partners (“Cor”), the parent company to a number of market-leading businesses serving the insurance, risk management and legal communities, announced today that it has acquired DBI Construction Consultants (“DBI”), a leading national provider of…
CDP’s new API will enable a streamlined disclosure experience for companies working with UL Solutions. NORTHBROOK, Ill., March 17, 2023 /PRNewswire/ — UL Solutions, a global leader in applied safety science, today announced that it partnered with CDP Worldwide (CDP), a nonprofit…
KENDALL PARK, N.J., March 17, 2023 /PRNewswire/ — Prominently circulated in The Inner Circle, Duncan Hartley is acknowledged as a Life Achiever for his contributions in photography. Dr. Hartley earned a Bachelor of Arts in English History in 1964 at the University of Michigan. He…
