prnewswire | February 15, 2021
Maire Tecnimont S.p.A., through its auxiliary NextChem and Essential Energy USA Corp. today have executed a Front-End Engineering Design contract just as a Memorandum of Understanding for the development of another biorefinery in South America for the creation of Renewable Diesel. Fundamental Energy USA Corp is one of the main biofuels makers in South America.
Subject to the customer's Final Investment Decision, the biorefinery will deliver 200,000 tpy (tons each time) of High-Quality Renewable Diesel from cutting edge bio-feedstocks non in rivalry with food. NextChem will be the elite EPC worker for hire. The undertaking is relied upon to be operational in 2023.
The biorefinery will change common oil, squander vegetables oils and fat into HVO (Hydrogenated Vegetable Oils) additionally referred to in the market as Renewable Diesel. The Renewable Diesel is a fuel which is synthetically indistinguishable from petrol based diesel with the benefit of improved execution. It is utilized worldwide as a drop-in biofuel in diesel vehicles with no motor alterations. Besides, the Renewable Diesel permits a Carbon Intensity decrease, for ozone harming substance discharges, over 80% contrasted and oil based diesel.
Kleinfelder | November 16, 2021
The Kleinfelder Group, Inc., a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm, announced that it has acquired Century Engineering, Inc. (Century) and all affiliates. The transaction, which closed on November 15, 2021, reinforces Kleinfelder’s commitment to improving U.S. infrastructure and strengthens its existing service offerings in the Mid-Atlantic region.Founded in 1953 and headquartered in Hunt Valley, Maryland, Century provides a full suite of engineering services, including: transportation planning, design, and inspection; information and spatial solutions (GIS); water and environmental resources engineering and permitting; electric and gas utility engineering; land planning and site development engineering; right-of-way and traffic engineering; structural engineering; surveying; mechanical, electrical, and plumbing (MEP) engineering; water/wastewater engineering and design; geotechnical engineering; and landscape architecture.
Century is focused on delivering technical excellence and innovative solutions to its end-user clients, which include Federal, state, and local governments, transportation and DOT agencies, utility providers, universities, healthcare systems, and commercial clients.
“The Century acquisition fortifies Kleinfelder’s business in the Mid-Atlantic, This transaction aligns with our strategic direction and will accelerate growth across multiple market sectors and technical service lines. Century has decades of project success with portfolio clients, as well as the specialized capabilities that perfectly complement Kleinfelder’s service offerings.”
-Kleinfelder President and CEO Louis Armstrong
With the close of the transaction, the Century organizational structure will remain unchanged, operating under the direction of its existing operational leadership team. The Century organization, which consists of 600 professionals spread across 18 offices in Delaware, Maryland, Pennsylvania, and Virginia, will be incorporated into Kleinfelder’s East Division business unit reporting to Jeff Hill, Executive Vice President and East Division Director.
“We are thrilled to solidify the partnership between Century and Kleinfelder,The opportunity to partner and build these businesses is boundless as Century’s talented people will complement Kleinfelder’s culture through first class client attention, expanded service offerings, and long-term client satisfaction. I look forward to an exciting future and watching our exceptional staff grow together.”
-Century President and CEO Francis Smyth.
Kleinfelder Continues Strategic Growth
Century represents Kleinfelder’s fifth acquisition within the last two years, following the acquisitions of Advantage Engineers, Garcia and Associates (“GANDA”), Poggemeyer Design Group, and Gas Transmission Systems. Kleinfelder remains focused on driving a strategic plan centered on organic growth bolstered by acquisitive expansion, with the goal of acquiring firms with complementary employee-focused cultures and a trusted commitment to clients.
Winston & Strawn LLP served as legal counsel and KPMG provided transaction advisory and tax services to Kleinfelder. Chesapeake Corporate Advisors served as sell-side financial advisors.
Kleinfelder. Bright People. Right Solutions.
Founded in 1961, Kleinfelder is a leading engineering, design, construction management, construction materials inspection and testing, and environmental professional services firm. Kleinfelder now employs more than 3,000 professionals and operates from over 100 office locations in the United States, Canada, and Australia. The company is headquartered in San Diego, California. Poised for growth, Kleinfelder continues to provide high-quality solutions for our diverse client base. Visit Kleinfelder.com or follow us on LinkedIn/Kleinfelder.
Bentley Systems | February 01, 2022
Bentley Systems, Incorporated (Nasdaq: BSY), the infrastructure engineering software company, announced the completion of its acquisition of Power Line Systems—a leader in software for the design of overhead electric power transmission lines and their structures—from private equity firm TA Associates for approximately $700 million in cash (for a debt free business and subject to final working capital adjustments).
When announcing its full year 2021 operating results (scheduled for March 1, 2022), Bentley Systems will provide its full‑year 2022 financial outlook, reflecting the inclusion of Power Line Systems.
About Bentley Systems
Bentley Systems (Nasdaq: BSY) is the infrastructure engineering software company. We provide innovative software to advance the world’s infrastructure – sustaining both the global economy and environment. Our industry-leading software solutions are used by professionals, and organizations of every size, for the design, construction, and operations of roads and bridges, rail and transit, water and wastewater, public works and utilities, buildings and campuses, mining, and industrial facilities. Our offerings include MicroStation-based applications for modeling and simulation, ProjectWise for project delivery, AssetWise for asset and network performance, Seequent’s leading geosciences software portfolio, and the iTwin platform for infrastructure digital twins. Bentley Systems employs more than 4,000 colleagues and generates annual revenues of more than $800 million in 172 countries. www.bentley.com
© 2022 Bentley Systems, Incorporated. Bentley, the Bentley logo, AssetWise, iTwin, MicroStation, ProjectWise, Seequent, and Power Line Systems are either registered or unregistered trademarks or service marks of Bentley Systems, Incorporated or one of its direct or indirect wholly owned subsidiaries.