Waukee’s APEX program was among 10 school-business partnerships designated as STEM BEST Partners by the Iowa Governor’s STEM Advisory Council. The honored programs help promote education in science, technology, engineering and mathematics in kindergarten through 12th grade and to promote STEM careers. (The “BEST” part stands for Businesses Engaging Students and Teachers.) The programs will share nearly $250,000 in state and private funds through the STEM council. Awardees include Waukee, Davenport Assumption, Boone, Fort Madison and Spencer high schools and the IKM-Manning, Muscatine, Story County consortium, and West Delaware County school districts, along with North Cedar Elementary School in Cedar Falls.
For more information visit: http://www.iowastem.gov/STEMBEST
AMES, Iowa–(BUSINESS WIRE)–Renewable Energy Group, Inc. (“REG” or the “Company”) (NASDAQ:REGI) today announced its financial results for the third quarter ended September 30, 2016.
“REG Life Sciences delivered its first commercial product last week, our biomass-based diesel fleet is operating efficiently and profitably and REG Geismar is up and running well with no planned downtime for the remainder of the year. We believe we are positioned for a strong finish to the year.”
Revenues for the quarter were $624.6 million. The Company sold 163.1 million gallons of fuel. Compared to the third quarter of 2015, REG sold 36.0% more gallons of fuel resulting in an increase in revenue of 58.2%. Net income attributable to common stockholders was $22.9 million, compared to a net loss of $15.7 million in the third quarter of 2015.
Adjusted EBITDA for the quarter was $31.6 million. Results for the quarter include risk management gains of $5.9 million, which reflects the change in market value of various hedging instruments used to protect cash margins in the current and future periods. The risk management results were impacted by the increase in energy prices in the last week of September resulting from an announcement by OPEC of a purported reduction in output. Results for the quarter were also affected by reduced operating days at the Company’s Geismar facility, related to local area flooding in August and pulled forward scheduled maintenance from October to September.
Adjusted EBITDA in the third quarter of 2015 was $16.9 million. The prior year period Adjusted EBITDA includes $23.3 million of risk management gains, as well as an allocation of the benefit from the retroactive reinstatement of the 2015 Biodiesel Mixture Excise Tax Credit (BTC).
“We achieved solid growth in the third quarter with significant increases in gallons sold, gallons produced, revenue and adjusted EBITDA,” said REG President and CEO Daniel J. Oh. “REG Life Sciences delivered its first commercial product last week, our biomass-based diesel fleet is operating efficiently and profitably and REG Geismar is up and running well with no planned downtime for the remainder of the year. We believe we are positioned for a strong finish to the year.”
LIVERMORE, Calif., Nov. 1, 2016 /PRNewswire/ — Rob Alston, CEO of Access, recently announced the company’s five most recent acquisitions, one broadening its reach into Iowa and the other four adding more clients in existing markets. These transactions bring the total number of Access acquisitions to 105 since its founding in 2004.
On June 30, Access entered the Dubuque, Iowa market with the purchase of InfoSafe Records Management, acquired from The Hodge Companies. Only one month later, on August 1, Archive Record Storage, Inc. in Sarasota, Florida added to the local Access branch formed in March 2016. The acquisition of the records management accounts of Crown Worldwide in San Jose, Costa Rica, on September 30, expanded Access’ presence there. Access operates under the name Retrievex in the Latin American countries of Costa Rica and Panama.
The records management accounts of Seattle office furniture supplier, Trefethen and Co., Inc., were acquired on October 4. North Shore Records Management, in Cleveland, was acquisition #105 with the transaction closing on October 17.
“Each of these additions to our company represents important components of our overall strategic plan for steady growth achieved both organically and through acquisition,” Alston stated. “We are excited about the way we have positioned Access in the marketplace, including the very positive way we are perceived by records management company owners as the one they trust most to care for their clients moving forward. That means a lot to me personally. Our vision is to exceed the expectations of our clients, company and community every day. We hope that all of our new clients joining us from these acquisitions will recognize that commitment.”
As the largest privately held records and information management provider in the United States, Access now serves more than 60 major markets across the nation, as well as Brazil, Latin America and the Caribbean.
About Access (InformationProtected.com)
Access is the largest privately held records and information management (RIM) services provider in the world. Access is a trusted partner to clients spanning multiple industries and over 60 U.S. markets and in Brazil, Latin America and the Caribbean. Unlike traditional document storage options or technology offerings that only provide a partial solution, Access provides comprehensive solutions with the very best service that advance the way its 27,500 clients manage information.
With a complete suite of services including records storage and document management, data protection, digital access solutions, secure destruction and compliance services, the valuable business services Access provides allow clients to focus on their core businesses while reducing the costs and risks associated with document retention, management and final disposition.
For additional information, visit www.InformationProtected.com.
For additional information, contact:
Rip Muhlenhaupt | 925.583.0100 Extension 30133 | email@example.com
The wind resource in Iowa is so productive and the cost of wind energy has been falling so precipitously that the value of wind now far exceeds its cost there, according to an industry study released this week.
The analysis, conducted by the American Wind Energy Association at the request of the non-profit Wind Energy Foundation, also claims that doubling the state’s installed wind capacity would lower the cost of power so much that the typical residential customer’s monthly bill would fall, possibly by as much as $10.
Given that Iowa is a national leader in the development of wind energy, the study was intended “to spell out the benefits” of wind energy to consumers in the state, said Michael Goggin, the senior director of research for the American Wind Energy Association and the study’s lead researcher. With about 6,500 megawatts, Iowa ranks second nationwide for the amount of installed wind capacity, and first in terms of the proportion of its electricity derived from wind – about 35 percent at present.
Another 2,500 megawatts are under development, but,“there’s potential to do even more,” Goggin said. “As wind costs come down, I think it looks even more attractive to do more wind.”
A just-published survey of 163 of “the world’s foremost energy experts” seems to confirm that. Asked where they see the cost of wind energy headed, the group indicated that, on average, they expect it to fall by 24 percent by 2030, and by 35 percent by 2050. Some foresee a greater drop; others expect no change.
Read the entire story at: http://midwestenergynews.com/2016/10/20/industry-study-value-of-iowa-wind-energy-outweighs-its-costs/