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NEW ORLEANS, Jan. 15, 2021 /PRNewswire/ After thirty-nine years with International-Matex Tank Terminals (IMTT), serving as President and Chief Executive Officer for the past five years, Richard Courtney will retire from his full-time duties with the company on March 1, 2021. Mr. Courtney will then become a member of the Board of Directors of IMTT and support the continued development of IMTT. It has been my great privilege to lead IMTT over the last thirty-nine years, and I am truly proud of the entire team and the organization that we have assembled during this time. IMTT has achieved a strong track record of growth through multiple market cycles while serving its customers, employees and communities responsibly. A leader in the industry, IMTT has expanded from two Louisiana terminals to 19 terminals with approximately 50-million barrels of capacity across North America. IMTT is well-positioned for the future and I am confident that the c
St. Rose project to provide hydrocarbon fuel blend for power, maritime industries
1/15/2021
Gov. John Bel Edwards and Arq CEO Julian McIntyre announced the company will develop an industrial facility in St. Rose, Louisiana, to produce Arq’s proprietary Arq Fuel™ product. The site will receive an intermediate wet-cake 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 $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. Arq will create 12 new direct jobs with an average annual salary of $52,000, plus benefits. Louisiana Economic Development estimates the project also will result in 31 new indirect jobs, for a total of 43 new jobs in Louisiana
Louisiana Governor: Arq's Innovative Fuel Facility for St. Charles Parish | Gov. Edwards Announces Arq's Innovative Fuel Facility for St. Charles Parish Baton Rouge, LA (STL.News) Today, Gov. John Bel Edwards and Arq CEO Julian
MIC Announces Closing of Sale of IMTT, Record Date for Special Dividend of $11.00 Per Share
NEW YORK–(BUSINESS WIRE)–Macquarie Infrastructure Corporation (NYSE: MIC) today announced that it has successfully completed the sale of its International-Matex Tank Terminals (“IMTT”) business to an affiliate of Riverstone Holdings, Inc. for $2.67 billion, net of closing adjustments, and including assumed debt of approximately $1.11 billion. MIC announced that it had entered into the agreement to sell IMTT on November 9, 2020.
As previously indicated, the MIC board of directors has elected to return all the net proceeds from the sale, after payment of taxes and expenses and providing for the repayment of holding company level debt, to shareholders in a special dividend. The board has authorized the payment of a one-time dividend of $11.00 per share of MIC common stock. The special dividend will be payable January 8, 2021 to stockholders of record as of the close of trading January 5
MIC Announces Closing of Sale of IMTT, Record Date for Special Dividend of $11 00 Per Share - Press Release digitaljournal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from digitaljournal.com Daily Mail and Mail on Sunday newspapers.