The Steel Tube Institute an organization that brings together key producers in the steel industry to advance the use of steel tubing, today announces the formulation of the new Stainless Steel Conduit Subcommittee. Executive Director of Steel Tube Institute Dale Crawford said the committee will engage with outside codes and standards-making-bodies to support the use of stainless-steel conduit and competing products. "We are very excited to announce the first new commi

ConocoPhillips today announced through its Australian subsidiary that it plans to become upstream operator of Australia Pacific LNG  following the closing of EIG’s transaction with Origin Energy. In connection with this announcement, ConocoPhillips has agreed to purchase up to an additional 2.49% shareholding interest in APLNG for $0.5 billion, subject to customary adjustments. ConocoPhillips currently holds a 47.5% APLNG shareholding interest and will own up to 49.99% of APLNG upo

The International Aluminium Institute has today launched Aluminium Forward 2030, a coalition of IAI's 25 production members and 20 downstream and customer companies who have committed themselves to transforming the aluminium sector. The aim is to accelerate progress toward net zero emissions while working  together on a roadmap that is inclusive of all the other UN Sustainable Development Goals. This IAI initiative flows from discussions with various players in the beverage

Brown Gibbons Lang & Company is pleased to announce the sale of Federal Steel Supply, a leading distributor of industrial products including pipes, fittings, flanges, and valves, and portfolio company of lower-middle market private equity firm V&A Capital. FSS was acquired by Westbridge Capital Ltd., a Canada-based private management company. BGL's Metals & Metals Processing investment banking team served as the exclusive financial advisor to FSS in the transaction.

GE Gas Power, part of GE Vernova and Svante today announced a joint development agreement (JDA) to develop and evaluate solid sorbent-based carbon capture technology for natural gas power generation applications. In addition, GE has made an equity investment in Svante as a part of Svante’s US $318-million Series E fundraising round in December 2022. In 2022, GE announced that GE Vernova would spin off from GE in 2024 as a business purpose-built to lead the energy transition. T

Esmark, Inc. announced today with sadness the death of Hans Joachim Schmidt, father of Esmark founding investor and longtime Esmark board member Uwe T. Schmidt. The Schmidt family played an important role in Esmark's attainment of leadership in the steel and tin business. Hans Joachim Schmidt, who died on February 19, 2023 at the age of 90, was a widely admired and internationally recognized leader who worked in the iron and steel industry for more than 45 years. "

Commercial Metals Company today announced the acquisition of Tendon Systems, LLC  a leading provider of post-tensioning, barrier cable, and concrete restoration solutions to the Southeastern United States. Tendon's products and services are used in a variety of construction types, including multi-family residential, parking structures, industrial and high-rise buildings. The company's primary offering, post-tension cable, is used in conjunction with rebar in most applications, pr

Phoenix Services LLC  has received support from an Ad Hoc Group of lenders (defined below) for terms of a restructuring that (i) creates a path to emerge from chapter 11 mid-year, (ii) provides $45mm of new money to invest in the business, (iii) reduces over $500mm of funded indebtedness, (iv) positions the Company to be more profitable and competitive while continuing to provide best-in-class service. Phoenix Services, a premier provider of mission critical services to leading

Automakers are taking a leadership role in sustainability by making efforts to reduce carbon emissions in their manufacturing process. With the proliferation of battery-electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), the transformation from traditional internal combustion engines to EVs is already underway with some 4.3 million new BEVs and PHEVs delivered in the first half of this year, a 62 percent increase compared to the first half of 2021. While early ado

Aqua Metals, Inc. a pioneer in sustainable lithium-ion battery recycling, today announced it has successfully recovered high-purity nickel from lithium battery black mass using Aqua Metals’ proprietary Li AquaRefining™ process, utilizing electricity, and without a polluting smelter or the significant chemical waste typical in recycling. The Company’s unique solution for recovering all valuable metals in lithium battery recycling supports a circular supply chain for manufactu