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NNPC, partners take FID on $3.6bn petrochemical plant


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Okechukwu Nnodim
The Nigerian National Petroleum Corporation and its partners on Friday took the Final Investment Decision for the construction of a $3.6bn gas processing and methanol plant.
The plant, Brass Fertiliser and Petrochemical Company Limited, is jointly sponsored by NNPC, DSV Engineering Limited and the Nigerian Content Development and Monitoring Board.
Partners in the project signed the FID in Abuja, as they explained that BEPCL was a special purpose vehicle with the primary objective of monetising the abundant gas reserves in Nigeria.
This, they said, would be through the development and construction of the first ever methanol plant in Nigeria in a designated oil and gas free trade zone in Odioama, Brass Island, Bayelsa State. ....

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SHAREHOLDER ALERT: Rigrodsky & Long, P.A. Announces Investigation of Collective Growth Corporation Merger


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WILMINGTON, Del., Dec. 17, 2020 (GLOBE NEWSWIRE) Rigrodsky & Long, P.A. announces that it is investigating Collective Growth Corporation ( Collective Growth ) (NASDAQ GS: CGRO) regarding possible breaches of fiduciary duties and other violations of law related to Collective Growth s agreement to merge with Innoviz Technologies Ltd. ( Innoviz ).   Under the terms of the agreement, each share of Collective Growth s Class A and Class B common stock will be converted into one share of Innoviz.
To learn more about this investigation and your rights, visit: https://www.rl-legal.com/cases-collective-growth-corporation.
You may also contact Seth D. Rigrodsky or Gina M. Serra cost and obligation free at (888) 969-4242 or info@rl-legal.com. ....

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Innoviz Technologies, a Global Leader in LiDAR Sensors and Perception Software for Autonomous Driving, to be Listed on Nasdaq Through Business Combination with Collective Growth Corporation


Innoviz Technologies, a Global Leader in LiDAR Sensors and Perception Software for Autonomous Driving, to be Listed on Nasdaq Through Business Combination with Collective Growth Corporation
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- Innoviz Technologies Ltd. ( Innoviz ) to become publicly listed through business combination with Collective Growth Corporation (NASDAQ: CGRO) ( Collective Growth ) in a transaction sponsored by Antara Capital LP and Perception Capital Partners LLC
- Transaction is expected to provide up to $350 million in gross proceeds comprised of Collective Growth s $150 million of cash held in trust, assuming no redemptions by public stockholders, and a $200 million fully committed ordinary share PIPE at $10.00 per share, led by Antara Capital and includes strategic investments from Magna International, Innoviz s Tier-1 partner, Phoenix Insurance and other institutional investors ....

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