MIC Reports Fourth Quarter And Full Year 2020 Financial And Operational Results, Announces Corporate Reorganization As A Limited Liability Company
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
MIC Reports Fourth Quarter And Full Year 2020 Financial And Operational Results, Announces Corporate Reorganization As A Limited Liability Company
prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
Arq to invest USD 40 million to produce mining waste derived bunker fuel in Louisiana
25 Jan 2021
The Government of Louisiana in mid-January said London-based energy technology company Arq Group will develop an industrial facility in St. Rose, Louisiana, to produce Arqâs proprietary Arq Fuel⢠product.
The site will receive material produced from discarded mined materials, and will transform it into a cleaner and valuable blending component for oil products entering the power-generation and marine industries.
Arq will invest up to USD 40 million at the St. Rose site owned by International-Matex Tank Terminals, or IMTT. The project will entail a thermal drying facility; blending and product-handling equipment; transportation infrastructure; and storage tanks.
Energy technology company investing $ 40 million in St. Rose industrial facility
News Highlights: Energy technology company investing $ 40 million in St. Rose industrial facility
Energy technology company Arq will develop an industrial facility in St. Rose that will create a hydrocarbon fuel blend for power generation and shipping, the company’s own Arc Fuel product.
The company will invest up to $ 40 million in St. Rose site, which is owned by International Matex Tank Terminals (IMTT). The site will receive a wet cake intermediate made from discarded mined material and convert it into a cleaner blending component for oil products.
It will result in the creation of 12 new direct jobs with an average salary of $ 52,000, plus benefits. Louisiana Economic Development estimates it will also create 31 new indirect jobs.