March 17, 2021News
Valero Energy Corp. and BlackRock Global Energy & Power Infrastructure Fund III announced March 16 that they are partnering with Navigator Energy Services to develop an industrial scale carbon capture pipeline system (CCS).
The initial phase is expected to span more than 1,200 miles of new carbon dioxide gathering and transportation pipelines across five Midwest states with the capability of permanently storing up to 5 million metric tonnes of carbon dioxide per year. Pending third-party customer feedback, the system could be expanded to transport and sequester up to 8 million metric tonnes of carbon dioxide per year.
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Valero, one of the largest renewable fuels producer in North America, is expected to become an anchor shipper by securing a majority of the initial available system capacity. Navigator is expected to lead the construction and operations of the system and anticipates operations to begin late 2024. In the coming months, Navig
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BlackRock veteran joins Lindsay Goldberg as partner
Cathleen Ellsworth joined alternative investment firm Lindsay Goldberg as a partner, according to a spokesman.
The position is new. Ms. Ellsworth is in charge of capital raising and investor relations at the firm.
Ms. Ellsworth comes from BlackRock, where she was a managing director, head of fundraising and investor relations, and co-head of co-investments and capital formation for its Global Energy & Power Infrastructure Fund.
Ms. Ellsworth joined BlackRock in 2017 when the asset manager acquired the energy infrastructure business of private equity firm First Reserve.
“Cathleen Ellsworth informed us of her decision to pursue a new opportunity after 30 years with BlackRock’s Global Energy & Power Infrastructure Funds business (including her time at First Reserve),” BlackRock said in a statement. “We are grateful for her many contributions and wish her all the best in her future endeavors.”
(This story originally appeared in on Mar 05, 2021)Cyber attacks by RedEcho, the actor group with China links, on India’s power infrastructure have been more widespread than previously known and the intrusive infrastructure remains active even after military de-escalation in Ladakh’s Pangong area.
According to Christopher Ahlberg, CEO of Recorded Future, the Massachusetts-based enterprise security outfit that detected the intrusions, 10 Indian power sector assets and the Mumbai and Tamil Nadu’s VO Chidmabaranar ports came under attack.
The power assets that came under attack were Delhi state load despatch centre, DTL Tikri Kalan substation in Delhi; Mumbai Port Trust, western regional load despatch centre In Maharashtra, NTPC s Kudgi power plant and southern regional load despatch centre in Karnataka, VO Chidambarnar port in Tamil Nadu, Telengana load despatch centre, eastern regional load despatch centre in West Bengal load despatch centre and northeastern regional load d