Dresser-Rand, a global supplier of rotating equipment solutions to the oil, gas, petrochemical, and process industries, installed five generator sets on Europe’s largest caisson-building floating dock— the KUGIRA II in Setúbal, Portugal.

Acciona Infraestructuras (Acciona), a Spanish infrastructure development company, has built numerous maritime projects, including ports, dry docks, shipyards, berthing jetties, and navigation canals for public and private customers worldwide. Acciona was approached in 2012to build a large caisson-building floating dock in the exterior port at Setúbal.

When it came time to select the equipment to power the KUGIRA II, Acciona turned to Dresser-Rand, with its experience in the marine industry, its state-of-the-art technology and worldwide resources.

The KUGIRA II is powered by five of Dresser-Rand’s Guascor^® gen-sets—four SF180TA-SG models rated at 400 kW (500 kVA) each and a smaller 76 kW (95 kVA) model. 

Each tower in the floating dock is equipped with four sophisticated control centers that operate all of the dock’s processes. These control centers allow the gen-sets to operate 365 days a year and feature an electronic injection pump, wet exhaust manifold, double-step intercooler, and oil cooler in auxiliary circuit.

The double cooling system maintains two independent cooling circuits with a high temperature of 176 degrees Fahrenheit (80 degrees Celsius) for the cylinder heads and a low temperature of 86 degrees Fahrenheit (30 degrees Celsius) for the oil cooler and after cooler. The double cooling system comes with or without the option of an oxidation exhaust catalyst. These features allow for easy operation and maintenance, the ability to supply power in off-the-grid areas and they provide a heavy-duty, continuous energy source for nonstop maneuvering.

These marine diesel engines are designed for heavy-duty applications and optimum fuel consumption, are highly reliable, environmentally friendly, and are easy to install and maintain. This makes them suitable to provide power generation solutions for ships, marine platforms and docks.

About Dresser-Rand

Dresser-Rand is among the largest suppliers of rotating equipment solutions to the worldwide oil, gas, petrochemical, and process industries. The Company operates manufacturing facilities in the United States, France, United Kingdom, Spain, Germany, Norway, Brazil, and India and maintains a network of 49 service and support centers (including 6 engineering and R&D centers) covering more than 150 countries. Dresser-Rand has principal offices in Paris, France, and Houston, Texas.

At this year’s IFAT – the world’s leading trade fair for water, sewage, waste and raw materials management – Mitsubishi Electric, along with its subsidiary ME-Automation Projects GmbH (formerly KH-Automation Projects), will be presenting a range of innovative solutions designed for the water market. These include energy-saving, energy management and condition monitoring solutions. The two companies will be sharing Stand A5 425/524 in Hall 5.

At IFAT 2014 Mitsubishi Electric and ME-Automation Projects will be presenting a variety of innovations for the water industry, such as energy-saving solutions in pump operations using the new frequency inverter generation FR-A800.

The focus of their presence at the trade fair this year is the PMSXpro control system. From operation through to engineering, visitors to the stand will be shown every aspect of the system. Uwe Siebert, Marketing Director at ME-Automation Projects GmbH, explains: “The integrated PMSXpro control system from ME-Automation Projects has become a permanent part of the Mitsubishi Electric portfolio, thus enabling Mitsubishi Electric to realise instrumentation and control projects (I&C) from start to finish using its own market tried and tested control technology. PMSXpro is currently being used extremely successfully at the treatment plants in Hamburg, Nuremberg, Stuttgart and Düsseldorf Nord, for example.”

Attention will also be directed towards energy-saving solutions incorporating the new FR-A800 generation of frequency inverters from Mitsubishi Electric for use with pumps as well as energy management solutions designed for reducing electricity costs at peak consumption times. Products for monitoring the condition of pumps and motors in order to enable the early detection of, for example, mechanical wear will also be on show.

IFAT 2014 – the world’s leading trade fair for water, sewage, waste and raw materials management – will be held in Munich from 5-9 May 2014.

About ME-Automation Projects

ME-Automation Projects supplies complete turnkey EMSR systems consisting of complete field instrumentation, switchgear, remote actuator and control systems, with the PMSX®pro process management system, and corresponding services such as project management, engineering, installation, commissioning, service and maintenance. The company is based in Fuldabrück, near Kassel, Germany.

With more than 40 years’ experience ME-Automation Projects provides comprehensive solutions for the realisation of process control and automation projects. According to customer requirements ME-Automation Projects can supply smaller systems as well as turnkey systems with high data volume, time-critical operations, distributed stations and high-volume contract values – everything coming from a single source.

To date over 500 control and automation systems and approximately 2,500 licenses with the latest architecture have been installed worldwide ensuring optimal process control safety.

Further Information:

www.mitsubishielectric.com

The Rosemount® 3051S MultiVariable™ Wireless Pressure Transmitter helps users gain greater insight into their process without increasing installation costs

Emerson Process Management introduces the Rosemount 3051S MultiVariable Wireless Pressure Transmitter, designed to directly measure two process variables in one installation so users can gain greater insight into their process without increasing installation costs.

The more devices there are in a facility, the greater the required cost and time investments for installation, scheduled maintenance and downtime. Now users can simplify installation and maintenance routines with the Rosemount 3051S MultiVariable Wireless Pressure Transmitter. Because the transmitter measures differential and static pressure, users can reduce pipe penetrations and impulse piping along with their associated costs. The static pressure sensor is available as either true gauge or absolute, which allows for reduced maintenance and calibration costs.

Backed by Emerson’s proven experience in Smart Wireless field instrumentation, users have instant visibility to their measurements through a non-intrusive, WirelessHART® monitoring system. With Rosemount 3051S wireless transmitters, users can monitor more assets throughout their facilities with greater than 99% reliability and at 40% to 60% cost savings over wired installations.

The Rosemount 3051S MultiVariable Wireless Pressure Transmitter delivers a decade of maintenance-free performance with a 10-year stability specification, making it the most cost effective and reliable way to monitor assets while reducing installation costs.

For more information on the Rosemount 3051S MultiVariable Wireless Pressure Transmitter, visit www.rosemount.com/3051SMVWireless.

About Emerson Process Management

Emerson Process Management (www.EmersonProcess.com), an Emerson business, is a leader in helping businesses automate their production, processing and distribution in the chemical, oil and gas, refining, pulp and paper, power, water and wastewater treatment, mining and metals, food and beverage, life sciences and other industries. The company combines superior products and technology with industry-specific engineering, consulting, project management and maintenance services. Its brands include PlantWeb™, Syncade™, DeltaV™, Fisher®, Micro Motion®, Rosemount®, Daniel™, Ovation™, Bettis™ and AMS Suite.

Rajah Jayendran has been appointed General Manager of Stora Enso’s integrated pulp and board mill investment project in Guangxi, Southern China, as of 1 June 2014. He is currently Head of Commercialization Processes Asia Pacific based in Singapore at the Linde Group, one of the leading industrial gases and engineering companies in the world.

Rajah Jayendran has been based in Asia since 2001 and has experience in both multinational companies and Chinese companies. Before joining Linde he was Senior Vice President, Head of Strategic Projects at Lonza in Shanghai and prior to that Chief Planning Officer and a member of the Executive Management Committee at China (National) Bluestar Group Co. Ltd. He has also been Head of Technical Site Services at Bayer Material Science AG based in Shanghai, China, responsible for the planning and execution of site-related investment and business development of a USD 3.1 billion fully upstream integrated greenfield site.

“I am convinced that with his extensive project, operations and commercial experience from Asia, Rajah will be able to add significant value to our very important expansion in China, and I am delighted that Rajah has decided to join our team,” says Stora Enso CEO Jouko Karvinen. 

Rajah will join Stora Enso on 1 June, initially focusing on meeting key stakeholders and being introduced to different parts of the organisation. He will then assume the role of General Manager of Stora Enso’s integrated pulp and board mill investment project in Guangxi, Southern China on 1 July.

Rajah will be based in Beihai, China and report directly to Stora Enso CEO Jouko Karvinen.

Stora Enso is the global rethinker of the paper, biomaterials, wood products and packaging industry.We always rethink the old and expand to the new to offer our customers innovative solutions based on renewable materials. Stora Enso employs some 28 000 people worldwide, and our sales in 2013 amounted to EUR 10.5 billion. Stora Enso shares are listed on NASDAQ OMX Helsinki (STEAV, STERV) and Stockholm (STE A, STE R). In addition, the shares are traded in the USA as ADRs (SEOAY) in the International OTCQX over-the-counter market.

For further information, please contact:

Lauri Peltola, EVP, Global Identity, tel. +358 2046 21380

Sweden is the fourth largest importer of logs in the world, despite having forests that cover almost two-thirds of the country. The import volumes have been growing steadily the past five years, with 2013 imports being almost 60 percent higher than five years ago. Softwood logs make up all of the increase in imports and Wood Resource Quarterly (WRQ) reported that 2013 had the highest softwood log import volume over the past ten years. In a contrary development, the importation of hardwood logs in 2013 declined, with import volumes being down about 16 percent from the previous year. As a matter of fact, imports last year fell to the second lowest level in 15 years, with Latvia reducing shipments the most.

During the past few years, between 10-15% of the imported log volume have been sawlogs destined for sawmills in the Southern part of Sweden, of which most have been sourced in Norway.

Almost 90% of imported logs in 2013 were pulplogs, evenly split between softwood and hardwood. The two major supplying countries have been Norway (softwood) and Latvia (softwood and hardwood), with other neighboring countries including Finland, Russia and Estonia following far behind.

The total softwood log shipments from Norway to Sweden, including sawlogs and pulpwood, reached just over two million m3 in 2013, up from 1.4 million m3 in 2012 and only 709,000 m3 in 2011. The major reason for this dramatic increase was that the Swedish pulp company Sodra permanently closed its pulpmill in Tofte, Norway last summer. As a consequence, private forest owners in the region have increased their log shipments to pulp mills in central Sweden. This has had an impact on log flows and prices in the local markets in Sweden and there has been no shortage of wood fiber in this part of the country, according to the WRQ (www.woodprices.com).

Imported wood-raw material for the Swedish forest industry is not just a marginal business but quite important for many manufacturers of lumber and pulp. The past two years, imported logs have accounted for about ten percent of the total log consumption in the country, this was up from 7.5 percent in 2009.

Global pulpwood and timber market reporting is included in the 52-page quarterly publication Wood Resource Quarterly (WRQ). The report, established in 1988 and with subscribers in over 30 countries, tracks sawlog, pulpwood, lumber and pellet prices, trade and market developments in most key regions around the world. To subscribe to the WRQ, please go to www.woodprices.com

Wood Resources International LLC (WRI), an internationally recognized forest industry-consulting firm established in 1987, publishes two quarterly timber price reports and have subscribers in over 30 countries. The Wood Resource Quarterly, established in 1988, is a 52-page market report and includes sawlog prices, pulpwood and wood chip price and market commentary to developments in global timber, biomass and forest industry. The other report, the North Americam Wood Fiber Review, tracks prices of sawlogs, pulpwood, wood chips and biomass in most regions of Canada and the US.

Wood Resources International LLC
Hakan Ekstrom, +1 425 402 8809
This email address is being protected from spambots. You need JavaScript enabled to view it.
www.woodprices.com

Horizon Energy Corporation has announced it has signed an option agreement for leases known as the Holmes Oil Unit Number 1 in the East Texas counties of Cherokee and Rusk. The land under consideration consists of 82.89 acres located in the Pettit formation close to the town of Rusk, which is the Cherokee county seat. The agreement with Ponta E&P LLP is the second project in Horizon’s ongoing efforts to identify prospective opportunities for the exploration, development and production of domestic oil and gas.

“Horizon Energy Corporation is very committed to establishing long-term relationships with its partners to identify and capitalize on drilling opportunities by working in low production wells and small fields requiring technology and capital”

According to Texas oil and gas data provider texasdrilling.com, there are 478 producing leases in Cherokee County, with 2,647 drilled wells that produced 19,750 barrels of oil and 1,356,164 MCF of natural gas in November 2013. Neighboring Rusk County (924 sq. miles) has 2,981 producing leases with 18,200 drilled wells. Rusk County produced 157,548 barrels of oil and 8,558,541 MCF of gas in November 2013.

“Horizon Energy Corporation is very committed to establishing long-term relationships with its partners to identify and capitalize on drilling opportunities by working in low production wells and small fields requiring technology and capital,” said Robert Bludorn, President and CEO of Horizon Energy Corporation. He added, “The Pettit formation has proven to be an area which provides conservative asset appreciation and our research validates the probabilities for success.”

Major operators in the area include Marathon Oil (NYSE:MRO) and Forest Oil Corporation (NYSE:FST).

About Horizon Energy Corporation

Horizon Energy Corporation was incorporated in the state of Wyoming in 2010. Its business model and scope of operation includes traditional and nontraditional energy sector opportunities. It is currently in the business of acquiring, discovering and developing oil and gas properties. Details can be found at www.horizonenergyusa.com.

Horizon Energy Corporation
Robert Bludorn, 001-228-822-4708
President and CEO

Three RBS supported renewable energy transactions win leading industry awards in 2014

RBS continues its leading role in supporting the low carbon economy with three recent renewable energy transactions achieving industry acclaim. In April 2014, Greencoat UK Wind plc (“Greencoat”) and The Renewables Infrastructure Group (UK) Ltd (“TRIG”), were awarded the Environmental Finance “Wind Energy Financing of the Year” and “IPO of the Year” respectively. Separately renewable energy generator Infinis won Project Finance’s “European Onshore Wind Deal of the Year” for the re-financing transaction it completed last October, one of the largest onshore wind financings in Europe. RBS has provided debt financing to all three of the award winning customers in each of the three transactions.

Greencoat was a ground-breaking transaction, as it was the first renewable energy infrastructure fund dedicated to onshore and offshore wind listed on the LSE. RBS is delighted to be a provider of finance to all three award winning UK renewable energy customers and our support for these transactions demonstrates the leading capabilities of RBS within Renewable Energy and Fund financing.

Tim Boag, Executive sponsor of Sustainable Energy at RBS explains, “RBS has a long track record of supporting our customers’ ambitions in renewable energy over many years and we are delighted that our efforts, and those of our customers, have been recognised through these awards.”

“RBS has over twenty years of experience in financing renewable energy projects across a range of sectors and according to Infrastructure Journal – RBS was the #1 lender to UK renewable energy projects from 2011 – 2013.”

About RBS

RBS is moving from a bank with seven divisions and seven support departments to a bank with three customer businesses – personal, commercial, and corporate – supported by one shared support structure. By removing complexity and connecting the businesses we will be able to improve the things that matter to customers.

Personal & Business Banking

This business brings together personal customers with smaller business customers, so that we can better serve their needs. This will see business managers back on the high street.

Commercial & Private Banking

We are the biggest bank for UK business, and our ambition is to be the best. We know how important businesses and business owners are to the UK economy. They create wealth and jobs and we are placing them together to allow us to meet the financial needs of both.

Corporate & Institutional Banking

In recent years we have narrowed the focus of our markets business. We now have a range of products that are well placed to serve the needs of our largest corporate and institutional clients, both in the UK and internationally. This brings UK corporate, international banking, and markets customers together in one place.

Malaysian Prime Minister Officiates at Groundbreaking of Integrated Aroma Ingredients Complex at BASF PETRONAS Chemicals

In Gebeng, Kuantan, Malaysian Prime Minister Dato’ Sri Mohd Najib Tun Abdul Razak officiated at the groundbreaking of an integrated aroma ingredients complex, set up by BASF and PETRONAS Chemicals Group Berhad (PCG) via their joint venture company BASF PETRONAS Chemicals Sdn Bhd.

The complex, to be built within the existing site in Gebeng, which is jointly owned by BASF SE and PETRONAS Chemicals Group (PCG), will house a facility to produce citral and its precursors as well as associated downstream plants to manufacture citronellol and L-menthol.

Also present at the ceremony were Pahang Menteri Besar, Dato‘ Sri Diraja Haji Adnan Haji Yaakob; Dr Martin Brudermüller; Vice Chairman of the Board of Executive Directors of BASF SE, responsible for Asia Pacific, and Chairman of PCG who is also PETRONAS Chief Operating Officer and Executive Vice President of Downstream Business, Datuk Wan Zulkiflee Wan Ariffin.

In his speech, Dato’ Sri Najib said, "This project will benefit local people in Pahang through training and employment opportunities at all levels, as well as through positive economic impact and enhanced expertise in the sustainable operation of large scale projects like this one.”

Dr Martin Brudermüller said, “Our investment in the integrated aroma ingredients complex in Kuantan is a perfect example of how we are implementing our long-term strategy in Asia Pacific: we are collaborating with our longstanding trusted partner, PETRONAS; we are introducing an innovative production technology for the first time into Asia Pacific; and we are making another important step towards our objective to achieve local production of 75% of the products we sell in Asia Pacific.”

Datuk Wan Zulkiflee said, “The aroma ingredients to be produced by the Complex are highly attractive specialty products that are less susceptible to economic cycles experienced typically by the commodity chemicals market.”

Saori Dubourg, President of BASF’s Nutrition & Health division said, “With this investment, we will help meet the globally growing demand of customers for citral-based products, for example in the flavor and fragrance industry, especially in Asia Pacific.”

BASF is the leading producer of citral-based products worldwide, with a portfolio that includes aroma ingredients, such as geraniol, citronellol, linalool and L-menthol, as well as vitamins and carotenoids. Aroma ingredients are sold to the flavor and fragrance industry, and are used mainly in home and personal care products and fine fragrances, as well as in the food industry and in pharmaceutical applications.

The MYR1.5 billion (approx. USD 500 million) complex will be developed in phases where the first plants of the complex are expected to come on-stream in 2016 and to create some 120 new employment opportunities.

Citral is nature-identical to the main component of many essential oils like lemongrass, and is used as fresh-citrus and fruity notes in fragrances and flavors. It is also used in the production of vitamins A and E and as precursor for aroma ingredients.

Citronellol is used for a fresh, powerful, and long-lasting rose fragrance, and is an indispensable component for numerous fresh-floral compounds.

L-menthol is used for cool freshness in various products in oral care, body care, flavorings and in pharmaceutical applications

BASF and PCG founded their joint venture BASF PETRONAS Chemicals Sdn Bhd in 1997. BPC currently operates an integrated complex situated at the Gebeng Industrial Zone, Pahang, Kuantan. Its share capital is 60% held by BASF and 40% by PCG with a total initial investment of about MYR 3.4 billion for acrylic monomers, oxo products and butanediol production facilities. In the new project, the partners will invest proportionately to their respective stakes in BASF PETRONAS Chemicals Sdn Bhd.

About BASF

BASF is the world’s leading chemical company: The Chemical Company. Its portfolio ranges from chemicals, plastics, performance products and crop protection products to oil and gas. We combine economic success with environmental protection and social responsibility. Through science and innovation, we enable our customers in nearly every industry to meet the current and future needs of society. Our products and solutions contribute to conserving resources, ensuring nutrition and improving quality of life. We have summed up this contribution in our corporate purpose: We create chemistry for a sustainable future. BASF had sales of about €74 billion in 2013 and over 112,000 employees as of the end of the year. BASF shares are traded on the stock exchanges in Frankfurt (BAS), London (BFA) and Zurich (AN). Further information on BASF is available on the Internet at www.basf.com.

About PETRONAS Chemicals Group

PETRONAS Chemicals Group Berhad (PCG) is the leading integrated chemicals producer in Malaysia and one of the largest in South East Asia. It operates a number of world class production sites, which are fully vertically integrated from feedstock to downstream end-products. With a total combined production capacity of over 10 million metric tons per annum (mtpa), it is involved primarily in manufacturing, marketing and selling a diversified range of chemical products, including olefins, polymers, fertilisers, methanol and other basic chemicals and derivative products. Listed on Bursa Malaysia and with nearly three decades of experience in the chemicals industry, PCG is established as part of the PETRONAS Group to maximise value from Malaysia’s natural gas resources. Further details on PCG can be found at www.petronaschemicals.com .

About BASF PETRONAS Chemicals Sdn Bhd

BASF PETRONAS Chemicals is a Malaysian-based joint venture between BASF SE ‘The Chemical Company’ and Petroliam Nasional Berhad (PETRONAS), Malaysia’s National Oil Company, under its’ subsidiary PETRONAS Chemicals Group (PCG). Incorporated in 1997, the company operates an integrated complex situated at the Gebeng Industrial Zone, Pahang. The company’s share of capital is 60% held by BASF SE and 40% by PCG with a total investment of about RM3.4 billion (US$900 million) in production facilities for Acrylic monomers, Oxo Products and Butanediol.

The range of chemicals produced by BASF PETRONAS Chemicals meet the growing demand in various industries including plastics, adhesives, lacquers, dyestuff, automobile and industrial coatings, paper, diapers, water treatment, textile and leather.

Henriette Wemme

Manager, Global Communication Nutrition & Health

BASF SE

+49 621 60-48260 | This email address is being protected from spambots. You need JavaScript enabled to view it.

3M demonstrates two-phase immersion cooling technology to reduce water consumption and energy use, while increasing supercomputer efficiency

As the growth of the Internet of Things spikes so does the growth of data traffic in the cloud, which requires data centers to deliver more performance and storage with less energy consumption. Today, 3M is announcing the implementation of a fully functional supercomputer developed in collaboration with Intel and SGI that uses a revolutionary two-phase immersion cooling technology pioneered by 3M.

“Through this collaboration with Intel and 3M, we are able to demonstrate a proof-of-concept showcasing an extremely innovative capability to reduce energy use in data centers, while optimizing performance”

In this proof-of-concept, SGI^® ICE™ X, the fifth generation of the world’s fastest distributed memory supercomputer and the Intel^® Xeon^® processor E5-2600 hardware are placed directly into 3M™ Novec™ Engineered Fluid. The 3M Novec fluid is an efficient dielectric that keeps the hardware cooled with minimum additional energy, maximum performance and better reliability. 3M’s two-phase immersion cooling technology can reduce cooling energy costs by 95 percent and reduces water consumption by eliminating municipal water usage for evaporative cooling. Heat can also be harvested from the system and reused for heating and other process technologies such as desalination of sea water.

This technique has been shown to require 10 times less space than conventional air cooling and eliminates costly air cooling infrastructure and equipment associated with conventional liquid cooling, making it cost effective for large-scale data center hubs. It enables much tighter component packaging – allowing for greater computing power in less space – and easy access to hardware with no residue. In fact, the system can enable up to 100 kilowatts of computing power per square meter.

This innovative technology leads to a smaller environmental footprint with optimal computing power – important factors as the world approaches Earth Day 2014.

SGI’s industry standard high performance computing technology, coupled with Intel’s energy efficient processors, complement 3M’s ground-breaking immersion cooling technology that significantly reduces energy and water use and sets the stage for the future of data centers.

“We are thrilled with the work that our collaboration with SGI and Intel has produced,” said Joe Koch, business director for 3M Electronics Markets Materials Division. “We applaud them for their leadership in helping us find better ways to address energy efficiency, space constraints and increased computing power in data centers. These advancements are a significant stepping stone in accelerating industry wide collaboration to optimize computer hardware design.”

In the “data center of the future” the SGI ICE X system can scale seamlessly from tens of teraflops to tens of petaflops, and across technology generations, while maintaining uninterrupted production workflow. The system enables tighter component packaging and scalability, helping reduce the system footprint. It minimizes system overhead and communication bottlenecks that can inhibit efficiency and scalability for a wide range of applications and customer needs.

“Through this collaboration with Intel and 3M, we are able to demonstrate a proof-of-concept showcasing an extremely innovative capability to reduce energy use in data centers, while optimizing performance,” said Jorge Titinger, president and CEO of SGI. “Built entirely on industry-standard hardware and software components, the SGI ICE X solution enables significant decreases in energy requirements for customers, lowering total cost of ownership and impact on the environment. We are delighted to work with Intel and 3M on this demonstration to illustrate the potential to further reduce energy in data centers, something imperative as we move to a more data intensive world.”

“As the backbone of the data economy, modern data centers must increase the raw performance they deliver, but also do so efficiently by containing power consumption and operating costs,” said Charles Wuishpard, vice president, data center group and general manager, Workstation and High Performance Computing at Intel. “Intel is continually innovating and improving microprocessor technologies to meet today’s datacenter demands and is working with companies like 3M and SGI to explore advanced cooling technologies that improve energy efficiency in datacenters while also containing operating costs.”

By investing in advanced cooling technologies, companies such as Intel and SGI can explore hardware designs without the heat transfer constraints of traditional cooling, while being more affordable and less complex to build and operate. This installation is designed to prove the viability of the two-phase immersion technology using Novec fluids, and to validate open and future proof platform designs.

In-depth data acquisition and evaluation of the installation will kick off in April. Additionally, the companies are working with the Naval Research Laboratory, Lawrence Berkeley National Labs and APC by Schneider Electric to deploy and evaluate an identical system with the intention to demonstrate the viability of the technology at any scale.

About 3M
3M captures the spark of new ideas and transforms them into thousands of ingenious products. Our culture of creative collaboration inspires a never-ending stream of powerful technologies that make life better. 3M is the innovation company that never stops inventing. With $31 billion in sales, 3M employs 89,000 people worldwide and has operations in more than 70 countries. For more information, visit www.3M.com or follow @3MNews on Twitter.

About SGI
SGI, the trusted leader in high performance computing, is focused on helping customers solve their most demanding business and technology challenges by delivering technical computing, Big Data analytics, cloud computing, and petascale storage solutions that accelerate time to discovery, innovation, and profitability. Visit sgi.com (sgi.com/) for more information.

Connect with SGI on Twitter (@sgi_corp)

About Intel
Intel (NASDAQ: INTC) is a world leader in computing innovation. The company designs and builds the essential technologies that serve as the foundation for the world’s computing devices. Additional information about Intel is available at newsroom.intel.com and blogs.intel.com.

3M and Novec are trademarks of 3M Company.SGI, the SGI logo, SGI ICE X are trademarks or registered trademarks of Silicon Graphics International Corp. or its subsidiaries in the United States and/or other countries. Intel and Xeon are trademarks of Intel Corporation in the United States and other countries.

3M
Colleen Harris, 001-651-733-1566

Biodegradable plastics manufacturer Casey Container Corp. has announced it signed a $10 million Stock Purchase Agreement consisting of $5 million in equity and $5 million in long-term debt.

“This is a very exciting time for the Company and its shareholders. The size, structure, and completion of this financing will provide working capital and funds for a possible acquisition that would enable Casey to be a significant player in the biodegradable plastics industry.”

On April 3, 2014, the Board of Directors of Casey Container Corp. approved a Stock Purchase Agreement between the Company and an investment group who has requested to remain anonymous until closing. As per the Stock Purchase Agreement the Company will issue forty percent (40%) of the issued and outstanding Common shares of Casey at the time of close in exchange for $5,000,000 in funding. The Company will also offer to the investment group one seat on the Board of Directors of Casey Container Corp. The Stock Purchase Agreement also includes a long-term Note for an additional $5,000,000. The Note carries an interest rate of 6%, with a payment grace period of interest and principal. There are conditions precedent and some of the terms and conditions of the Stock Purchase Agreement and related Note are subject to change upon closing. The closing is expected to occur between mid-May to mid-June 2014.

According to CEO and President Martin Nason, "This is a very exciting time for the Company and its shareholders. The size, structure, and completion of this financing will provide working capital and funds for a possible acquisition that would enable Casey to be a significant player in the biodegradable plastics industry." Mr. Nason commented regarding the Agreement, "For several months both parties have been aggressively conducting due diligence leading to the signing of this Agreement. The Company has also been conducting due diligence on the possible acquisition candidate."

Casey Container Corp. has further reported that it is continuously engaged in discussions with many domestic and international companies seeking a true biodegradable plastics solution and utilizing the EcoPure(r) additive technology. Casey also continues to discuss and maintain manufacturing relationships with several pre-form and blow molding companies.

Biodegradable Plastics

Plastic pollution and disposal is a serious worldwide problem. Casey Container Corp. has spent considerable time in defining its business strategies and how it plans to be a major force in solving plastic pollution worldwide. EcoPure(r) is a proprietary organic biodegradable additive and when small percentage amounts are mixed with various plastic resins, such as PET, PE, LDPE, HDPE, PP, PS, PC, EVA and EPS, it renders the plastic biodegradable without changing the properties of the original polymer, which is a significant product differentiator. EcoPure(r) promotes and accelerates the biodegradation process in a landfill environment and has years of continual independent ASTM laboratory testing to support its claims, unlike many unsupported, but implied products in today's marketplace.

About Casey Container Corp

Casey Container Corp. is engaged in the design and custom manufacture of biodegradable PET, PE, HDPE, PP, PS, EVA, EPS and other plastic polymers for use in the bottled water, beverage, container and other consumer product markets. EcoPure(r) has been used since 2009 in numerous plastic products worldwide.

Casey Container Corp.
Martin R. Nason, 1-800-234-3919
This email address is being protected from spambots. You need JavaScript enabled to view it.
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