Lisbon hangs on in debt sale

first_imgWednesday 2 March 2011 8:50 pm Lisbon hangs on in debt sale PORTUGAL managed to sell off €1bn (£850m) worth of debt at a short-dated bond auction yesterday, with one-year yields rising to 4.06 per cent from 3.99 per cent for similarly dated bonds at its last sale.But with the scale of European Central Bank (ECB) intervention unclear, markets are still waiting to see a comprehensive solution from Eurozone governments, adopting a wait-and-see approach.The ministry of finance said more than half of the debt was bought by institutional investors. The sale consisted of €550m worth of six-month debt, sold at an average yield of 2.98 per cent, and €450m of 12-month debt.Lisbon had been due to go to the market at a debt auction last month but postponed the sale following its last attempt to sell long-dated debt, which forced the ECB?to wade in to the market to buy up bonds equal in value to a quarter of the bonds on offer. Analysts at Barclays Capital have estimated that the ECB bought €19.5bn worth of Portuguese debt last year, versus issuance of €21.7bn (see chart below).Capital Economics analysts said: “The apparent impasse between the ECB and Germany over the purchase of peripheral government bonds not only makes it very likely that Portugal will have to accept a bailout but also questions the policymakers’ ability to prevent the debt crisis from continuing to escalate. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastSerendipity TimesInside Coco Chanel’s Eerily Abandoned Mansion Frozen In TimeSerendipity TimesBetterBe20 Stunning Female AthletesBetterBeZen HeraldNASA’s Voyager 2 Has Entered Deep Space – And It Brought Scientists To Their KneesZen HeraldAlphaCute30 Rules That All “Hells Angels” Have To FollowAlphaCuteDefinitionDesi Arnaz Kept This Hidden Throughout The Filming of ‘I Love Lucy’DefinitionTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmthedelite.comNetflix Cancellations And Renewals: The Full List For 2021thedelite.com whatsapp Show Comments ▼ Sharecenter_img More From Our Partners LA news reporter doesn’t seem to recognize actor Mark Currythegrio.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comFans call out hypocrisy as Tebow returns to NFL while Kaepernick is still outthegrio.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKansas coach fired for using N-word toward Black playerthegrio.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgFort Bragg soldier accused of killing another servicewoman over exthegrio.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.org whatsapp KCS-content Tags: NULLlast_img read more

Diocese of South Carolina files motion in circuit court

first_img Submit a Job Listing Rector (FT or PT) Indian River, MI Rector Tampa, FL Director of Administration & Finance Atlanta, GA Priest Associate or Director of Adult Ministries Greenville, SC Rector Martinsville, VA Rector and Chaplain Eugene, OR Assistant/Associate Priest Scottsdale, AZ Virtual Celebration of the Jerusalem Princess Basma Center Zoom Conversation June 19 @ 12 p.m. ET Bishop Diocesan Springfield, IL Course Director Jerusalem, Israel Rector Bath, NC An Evening with Presiding Bishop Curry and Iconographer Kelly Latimore Episcopal Migration Ministries via Zoom June 23 @ 6 p.m. ET Submit an Event Listing Rector/Priest in Charge (PT) Lisbon, ME The Church Pension Fund Invests $20 Million in Impact Investment Fund Designed to Preserve Workforce Housing Communities Nationwide Church Pension Group Rector Knoxville, TN Tags Submit a Press Release The Church Investment Group Commends the Taskforce on the Theology of Money on its report, The Theology of Money and Investing as Doing Theology Church Investment Group Rector Pittsburgh, PA Director of Music Morristown, NJ Cathedral Dean Boise, ID This Summer’s Anti-Racism Training Online Course (Diocese of New Jersey) June 18-July 16 Assistant/Associate Rector Washington, DC New Berrigan Book With Episcopal Roots Cascade Books TryTank Experimental Lab and York St. John University of England Launch Survey to Study the Impact of Covid-19 on the Episcopal Church TryTank Experimental Lab Property, Seminary of the Southwest announces appointment of two new full time faculty members Seminary of the Southwest Ya no son extranjeros: Un diálogo acerca de inmigración Una conversación de Zoom June 22 @ 7 p.m. ET Rector Albany, NY Episcopal Migration Ministries’ Virtual Prayer Vigil for World Refugee Day Facebook Live Prayer Vigil June 20 @ 7 p.m. ET center_img Episcopal Charities of the Diocese of New York Hires Reverend Kevin W. VanHook, II as Executive Director Episcopal Charities of the Diocese of New York Rector Smithfield, NC Priest-in-Charge Lebanon, OH Posted Jul 1, 2020 Featured Jobs & Calls Assistant/Associate Rector Morristown, NJ Associate Rector Columbus, GA South Carolina In-person Retreat: Thanksgiving Trinity Retreat Center (West Cornwall, CT) Nov. 24-28 [Episcopal Diocese of South Carolina] On Monday, June 29, attorneys for the (Episcopal) Diocese of South Carolina and The Episcopal Church filed a Motion for Reconsideration and to Alter or Amend in the Court of Common Pleas for the First Judicial Circuit. This legal action is in response to the recent Order issued by South Carolina Circuit Court Judge Edgar Dickson that seemed to overturn the South Carolina Supreme Court final judgement from August 2017 which ruled that the diocesan property and 29 parishes should be returned to the parties affiliated with The Episcopal Church. This Supreme Court judgement in 2017 marked a reversal of the lower court decision.The motion requests that the Court “should reconsider the Order and alter or amend it to conform to the Supreme Court’s holding that the property of the twenty-nine churches is held in trust for Defendants and that the Defendant diocese is the beneficiary of the trust that owns legal title to the Diocesan Property.” The motion also asks “the Court to discharge its job of enforcing the final judgment of the South Carolina Supreme Court.”Throughout the 20-page document, attorneys for the Diocese and The Episcopal Church offer the following six reasons to reconsider the Order as they were outlined on page 3 (each were explained and supported in full in the text of the motion):This Court lacked the authority to issue the Order.Even if this Court had the authority to construe the Supreme Court’s decision, the Order misinterprets and contradicts that decision.Even if this Court somehow had the authority to relitigate the issues upon which the Supreme Court previously ruled, the Order incorrectly analyzes the facts and improperly applies the law.The Order incorrectly finds Plaintiffs were denied due process.Because of its rulings, the Court erred in denying Defendants’ requested relief.The Order fails to rule on all issues raised by DefendantsAs noted on page 18 of the motion: “After eight years of the adversarial process, for the Circuit Court to take away legally recognized rights at this time – based on the identical record that led to the Supreme Court’s reversal of Judge Goodstein – is nothing short of arbitrary and capricious.”Judge Edgar Dickson, a circuit court judge representing the First Judicial Circuit of South Carolina, was assigned this case in November 2017 when the South Carolina Supreme Court (SCSC) denied a Petition for Rehearing filed by the disassociated diocese. At that time, the SCSC issued a remittitur for the lower court to enforce the final judgement as decided by a 3-2 majority of the Court, which reversed the decision of the trial court.About The Diocese of South CarolinaThe historic Diocese of South Carolina (DSC) also known as The Episcopal Church in South Carolina (TECSC) is the local diocese in the eastern half of South Carolina part of The Episcopal Church and the Anglican Communion. For more information, view A Historical Timeline of the Diocese of South Carolina and the Frequently Asked Questions. For the latest on DSC, visit episcopalchurchsc.org or connect with us on Facebook, Instagram or Twitter. Curate (Associate & Priest-in-Charge) Traverse City, MI Press Release Service Curate Diocese of Nebraska Rector Washington, DC Associate Rector for Family Ministries Anchorage, AK Rector Belleville, IL Canon for Family Ministry Jackson, MS Join the Episcopal Diocese of Texas in Celebrating the Pauli Murray Feast Online Worship Service June 27 Associate Priest for Pastoral Care New York, NY Remember Holy Land Christians on Jerusalem Sunday, June 20 American Friends of the Episcopal Diocese of Jerusalem Featured Events Youth Minister Lorton, VA Rector Hopkinsville, KY Rector Collierville, TN Rector Shreveport, LA Diocese of South Carolina files motion in circuit court Motion questions judge’s authority to side with previous lower court ruling already reversed by the state’s Supreme Court AddThis Sharing ButtonsShare to PrintFriendlyPrintFriendlyShare to FacebookFacebookShare to TwitterTwitterShare to EmailEmailShare to MoreAddThis Missioner for Disaster Resilience Sacramento, CA Family Ministry Coordinator Baton Rouge, LA Inaugural Diocesan Feast Day Celebrating Juneteenth San Francisco, CA (and livestream) June 19 @ 2 p.m. PT last_img read more

Martin Clunes becomes a Patron of Julia’s House

first_imgDorset-based actor Martin Clunes has become a Patron of Julia’s House, Dorset’s only children’s hospice.Clunes, who lives in West Dorset, found out about the work of Julia’s House through one of its carers, Carole Lilley, who provides care for children in Bridport in their own homes. Clunes, who appears in the lead role in in the ITV comedy drama series ‘Doc Martin’, said: “I’m absolutely delighted to become a patron of this lovely house. So much care and expertise has gone into the design and build of every element, this house is going to make a huge difference to the lives of a great many people in the county.” Advertisement About Howard Lake Howard Lake is a digital fundraising entrepreneur. Publisher of UK Fundraising, the world’s first web resource for professional fundraisers, since 1994. Trainer and consultant in digital fundraising. Founder of Fundraising Camp and co-founder of GoodJobs.org.uk. Researching massive growth in giving. Howard Lake | 7 July 2006 | News Julia’s House Chief Executive Martin Edwards said: “We’re thrilled to have Martin’s support. In the last year we have quadrupled the number of hours of home care we provide, built the children’s hospice, and seen referrals of children to us rise considerably, so achieving a higher profile through our Patrons can only be good news for our fundraising.” Other Patrons of the charity include Premiership football manager Harry Redknapp, CBeebies presenter Chris Jarvis, Annette Brooke MP, the Hon. Mrs Pamela Drax of Charborough Park, and The Right Reverend Timothy Thornton, Bishop of Sherborne. Tagged with: Recruitment / peoplecenter_img  37 total views,  1 views today AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to LinkedInLinkedInShare to EmailEmailShare to WhatsAppWhatsAppShare to MessengerMessengerShare to MoreAddThis Martin Clunes becomes a Patron of Julia’s Houselast_img read more

Students Graduating from Caltech Friday Say a Future Elon Musk May Be in Their Ranks

first_img Pasadena Will Allow Vaccinated People to Go Without Masks in Most Settings Starting on Tuesday Class of 2018 Co-President RJ Antonello (at left); Churchill Scholarship Award winner Aishwarya Nene (center; and 2018 graduating senior Stephanie Huard. Photos courtesy CaltechOver 200 students in Caltech’s Class of 2018 are readying to graduate from the iconic institution Friday and some student body members say their fellow classmates have what it takes to become future billionaire technology visionaries.“There are a lot of people here that … cross between technology and business and I’m sure there are going to be some billionaires in 10 years from my class,” said RJ Antonello, graduating computer science major and senior class co-President.Antonello says his experience as an undergraduate opened his eyes to the seemingly endless creativity and innovative thinking of so many of his peers.Even the annual Senior Ditch Day, where students build their own unique “stacks,” or engineering puzzles often accompanied by new age technology, left him in awe. Classmates even programmed a drone that was used to draw intricate pictures.“Everybody’s just so amazing,” said Antonello.One student in particular, 21-year-old science and chemistry major Aishwarya Nene, was awarded the prestigious Churchill Scholarship by the Winston Churchill Foundation of the United States.Each year, up to two students may be endorsed by each of the 110 U.S. institutions invited to participate in the program.“You pretty much know everybody in your class and I think something that was really unique about this school and our class is that everyone was working together and collaborating, and it was never really a competition,” said Nene who is pursuing a doctorate in advanced medicine after Caltech.Nene said she appreciates the support and interest from classmates in different majors. She said that scientific curiosity runs rampant on campus, at all times.“You can always talk about what you’re working on in lab and everyone is genuinely interested in finding out, even if you might be working in the biology lab and they might be an electrical engineer,” Nene said.Stephanie Huard, a 21-year-old biology and philosophy graduate, feels the same.“I have really enjoyed my time at Caltech, mostly because of how supportive everyone is there,” said Huard. “It’s nice to be in an environment that’s constantly creating and has really bright individuals because you can learn from each other. It’s just exciting,” she added.Huard says Caltech is more than school, but a second home for like-minded people across the world.“The thing that’s really cool at Caltech is that for a lot of people coming in, we were kind of defined by being like the nerdy one or like the scientist in high school, but once we all got to Caltech, that’s what all of us were and so every other part of people’s personality is kind of got to shine up and be the thing that they were defined by,” said Huard.Caltech’s Commencement Ceremony is scheduled to begin at 10 a.m. on the Beckman Mall, 1200 E. California Boulevard. This year’s speaker will be John Lewis, U.S. congressman and leader of the Civil Rights Movement. No tickets are required for the Commencement Ceremony. Seating is on a first-come, first-served basis. Home of the Week: Unique Pasadena Home Located on Madeline Drive, Pasadena faithfernandez More » ShareTweetShare on Google+Pin on PinterestSend with WhatsApp,PCC – EducationVirtual Schools PasadenaDarrell Done EducationHomes Solve Community/Gov/Pub SafetyCitizen Service CenterPASADENA EVENTS & ACTIVITIES CALENDARClick here for Movie Showtimes Community News EVENTS & ENTERTAINMENT | FOOD & DRINK | THE ARTS | REAL ESTATE | HOME & GARDEN | WELLNESS | SOCIAL SCENE | GETAWAYS | PARENTS & KIDS Your email address will not be published. Required fields are marked * Name (required)  Mail (required) (not be published)  Website  Business News First Heatwave Expected Next Week Top of the News center_img Get our daily Pasadena newspaper in your email box. Free.Get all the latest Pasadena news, more than 10 fresh stories daily, 7 days a week at 7 a.m. HerbeautyInstall These Measures To Keep Your Household Safe From Covid19HerbeautyHerbeautyHerbeautyAmazing Sparks Of On-Screen Chemistry From The 90-sHerbeautyHerbeautyHerbeautyNutritional Strategies To Ease AnxietyHerbeautyHerbeautyHerbeautyFinding The Right Type Of Workout For You According AstrologyHerbeautyHerbeautyHerbeauty6 Strong Female TV Characters Who Deserve To Have A SpinoffHerbeautyHerbeautyHerbeautyShort On Time? 10-Minute Workouts Are Just What You NeedHerbeautyHerbeauty 3 recommendedShareShareTweetSharePin it More Cool Stuff Subscribe Pasadena’s ‘626 Day’ Aims to Celebrate City, Boost Local Economy Education Students Graduating from Caltech Friday Say a Future Elon Musk May Be in Their Ranks By BRANDON VILLALOVOS Published on Thursday, June 14, 2018 | 7:00 pm Make a comment Community Newslast_img read more

Lawmakers Revisit Concern Over Potential Repeat of GSE Bailout

first_img The Best Markets For Residential Property Investors 2 days ago Related Articles Tagged with: Bailouts Fannie Mae Freddie Mac Systemically Important Financial Institutions in Daily Dose, Featured, News, Secondary Market Home / Daily Dose / Lawmakers Revisit Concern Over Potential Repeat of GSE Bailout Brian Honea’s writing and editing career spans nearly two decades across many forms of media. He served as sports editor for two suburban newspaper chains in the DFW area and has freelanced for such publications as the Yahoo! Contributor Network, Dallas Home Improvement magazine, and the Dallas Morning News. He has written four non-fiction sports books, the latest of which, The Life of Coach Chuck Curtis, was published by the TCU Press in December 2014. A lifelong Texan, Brian received his master’s degree from Amberton University in Garland. Demand Propels Home Prices Upward 2 days ago Share Save  Print This Post Previous: Counsel’s Corner: Dealing with Declines in Default Inventory Next: The Week Ahead: Yellen on the Hot Seat Not Once, but Twice About Author: Brian Honea Data Provider Black Knight to Acquire Top of Mind 2 days ago Demand Propels Home Prices Upward 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days agocenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Sign up for DS News Daily Lawmakers Revisit Concern Over Potential Repeat of GSE Bailout Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Bailouts Fannie Mae Freddie Mac Systemically Important Financial Institutions 2016-02-05 Brian Honea The Week Ahead: Nearing the Forbearance Exit 2 days ago It has been more than seven years since Fannie Mae and Freddie Mac required a combined $187.5 billion taxpayer-funded bailout and were taken into conservatorship by the Federal Housing Finance Administration (FHFA).The conservatorships of the GSEs continue to this day, remaining a contentious issue. They returned to profitability in 2012, but since then all their profits have been swept into Treasury (the Net Worth Sweep) and those profits have sharply declined in the last two years.In April 2015, lawmakers raised concerns that the GSEs might need another bailout following a Dodd-Frank Stress Test that showed the GSEs would need a $157.3 billion bailout under hypothetical adverse economic conditions such as a 10 percent unemployment rate, a 4.5 percent decline in GDP growth, and a significant drop in long-term interest rates while short-term rates remain near zero. Also, the FHFA Inspector General issued a report last April warning that the profitability of the GSEs might not continue even though it is likely that the conservatorships will.Recently, lawmakers have raised concerns that another bailout might be necessary due to the GSEs’ zero capital requirement. Fannie Mae and Freddie Mac each have a capital buffer of $1.8 billion, but it is required to be reduced by $600 million per year until it reaches zero by 2018. Should the GSEs’ losses exceed their capital buffer, they would require a draw from Treasury. U.S. Reps. Stephen Lee Fincher (R-Tennessee) and Mick Mulvaney (R-South Carolina) wrote a letter this week to Treasury Secretary Jack Lew and FHFA Director Mel Watt asking the regulators to consider what effect the zero capital requirement will have on the economy and the potential risk it poses to taxpayers and the financial system. The lawmakers asked Lew and Watt what steps their respective Agencies can take in the near term to “rectify the situation.” They requested a reply by March 1.Fincher and Mulvaney noted that Fannie Mae and Freddie Mac have more than $5 trillion in securities outstanding yet are being required to deplete their capital reserves. Since the GSEs insure four out of every five mortgages in the United States, the taxpayers will be the ones that have to pay the cost if the financial system experiences a sudden shock or downturn. The Best Markets For Residential Property Investors 2 days ago February 5, 2016 1,126 Views Subscribelast_img read more

Officers cleared for opening fire on mass shooting suspect at Gilroy Garlic Festival

first_imgChalabala/iStock(GILROY, Calif.) — Three police officers were cleared of wrongdoing Tuesday for opening fire on a mass shooting suspect last year during the Gilroy Garlic Festival in Northern California.The Gilroy police officers “undoubtedly saved lives and prevented further bloodshed” by shooting 19-year-old Santino Legan at the July 2019 gathering, according to the Santa Clara County District Attorney’s Office.Legan allegedly killed three people — including a 6-year-old — and injured 17 others at the popular family food fair.Legan was firing an AK-47-style assault rifle into the crowd and at police when the officers shot him numerous times, prosecutors said.The officers confronted the 19-year-old less than one minute after the shooting started, prosecutors said.Legan had been struck by police multiple times when he “put the muzzle of his assault rifle to the roof of his mouth and pulled the trigger, taking his own life,” prosecutors said.Deputy District Attorney Rob Baker wrote in his report that Detective Eric Cryar, Officer Robert Basuino and Officer Hugo Del Moral placed “themselves, literally, in the line of fire,” and “their actions were unquestionably lawful and justified.”Legan fired at least 36 rounds of ammunition in his shooting spree, prosecutors said.Trevor Irby, 25; Stephen Romero, 6; and Keyla Salazar, 13, were killed in the shooting.Copyright © 2020, ABC Audio. All rights reserved.last_img read more

Canola wins sprint to take stage at Tour of Utah

first_imgAugust 16, 2019 /Sports News – Local Canola wins sprint to take stage at Tour of Utah FacebookTwitterLinkedInEmailSALT LAKE CITY (AP) — Marco Canola jumped ahead of the sprinters left from a reduced bunch, holding off Travis McCabe and Brendan Rhim to win Friday night’s criterium-like stage in the Tour of Utah.The stage in the state capital covered eight laps of just under seven miles apiece, yet the field came together on a steep ascent inside of a mile to go. James Piccoli surged to the front in search of a win that has eluded him all week, but Canola swept past everyone to pick up the win.Ben Hermans held onto his overall lead by 44 seconds. Piccoli remained in second place.Hayden McCormick made an embarrassing mistake when he surged to the front at the conclusion of the penultimate lap, then threw his arms in the air in celebration thinking he had won.The stage Saturday takes riders 80 miles, starting and finishing in Park City. Written by Tags: Ben Hermans/Marco Canola/Tour of Utah Associated Presslast_img read more

Scoreboard roundup — 9/29/19

first_img FacebookTwitterLinkedInEmailiStock(NEW YORK) — Here are the scores from Sunday’s sports events: MAJOR LEAGUE BASEBALLINTERLEAGUEWashington 8, Cleveland 2AMERICAN LEAGUEChi White Sox 5, Detroit 3Texas 6, NY Yankees 1Kansas City 5, Minnesota 4Seattle 3, Oakland 1Toronto 8, Tampa Bay 3Boston 5, Baltimore 4Houston 8, LA Angels 5NATIONAL LEAGUESt. Louis 9, Chi Cubs 0Cincinnati 3, Pittsburgh 1Miami 4, Philadelphia 3Arizona 1, San Diego 0LA Dodgers 9, San Francisco 0NY Mets 7, Atlanta 6 — 11 InningsColorado 4, Milwaukee 3 — 13 InningsNATIONAL FOOTBALL LEAGUECarolina 16, Houston 10Cleveland 40, Baltimore 25Kansas City 34, Detroit 30New England 16, Buffalo 10LA Chargers 30, Miami 10Oakland 31, Indianapolis 24Tennessee 24, Atlanta 10NY Giants 24, Washington 3Tampa Bay 55, L.A. Rams 40Seattle 27, Arizona 10Chicago 16, Minnesota 6jacksonville 26, Denver 24New Orleans 12, Dallas 10 WOMEN’S NATIONAL BASKETBALL ASSOCIATION PLAYOFFSWashington 95, Connecticut 86MAJOR LEAGUE SOCCERToronto FC 2, Chicago 2 — tieOrlando City 1, Cincinnati 1 — tieColumbus 2, Philadelphia 0Atlanta 1, Montreal 1 — tieNew England 2, New York City FC 0D.C. United 0, New York 0 — tieColorado 3, FC Dallas 0Vancouver 4, LA Galaxy 3Los Angeles FC 1, Minnesota 1 — tieReal Salt Lake 2, Houston 1Seattle 1, San Jose 0Portland 2, Sporting Kansas City 2 — tieCopyright © 2019, ABC Audio. All rights reserved. September 30, 2019 /Sports News – National Scoreboard roundup — 9/29/19 Written bycenter_img Beau Lundlast_img read more

Hyosung, Linde partner to construct liquid hydrogen plant in South Korea

first_imgHyosung,Linde signed an MOU to establish a joint venture in 2020 for the liquid hydrogen plant Hyosung and the Linde Group signed an MOU to establish a large-scale Liquid Hydrogen Plant. (Credit: Business Wire.) South Korea-based Hyosung has partnered with Linde, a provider of industrial gases, to jointly build and operate 300 billion won ($246m) liquid hydrogen production, transport and recharging facilities.The two companies have signed an MOU to establish a joint venture in 2020, break ground in the first quarter of 2021and complete the liquid hydrogen plant in 2022.The proposed liquid hydrogen facility will be constructed in an area spanning approximately 30,000m2, within the site of Hyosung Yongyeon plant in Ulsan.Hyosung chairman Cho Hyun-joon said “Hydrogen is an eco-friendly energy source that can change existing carbon-centered economic structure. Its possibilities are endless.“The point of liquid hydrogen business sought by Hyosung is to store and transport hydrogen efficiently and safely. Investment this time will play a big role in invigorating the ecology of domestic hydrogen industry.”The plant will feature Linde’s advanced hydrogen liquefaction technologyThe new liquid hydrogen facility has been designed to produce an annual capacity of 13,000 tons of liquid hydrogen, which is adequate to fuel 100,000 sedans.In addition, the new plant would produce liquid hydrogen by leveraging Linde’s hydrogen liquefaction technology and system to byproduct hydrogen produced by Hyosung Chemical Yongyeon Plant.Liquid hydrogen is capable of shrinking to 1/800 of its original volume in a gaseous state, and is easier to store and transport. It can be used in diverse mobility segments, including drones, vessels and forklifts, along with cars.Hyosung and Linde will invest in the development of a liquid-hydrogen recharging infrastructure in time for the completion of the plant.Through the partnership on liquid hydrogen supply, the companies are expected to build around 120 hydrogen recharging stations, of which 50 will be new and 70 as enlarged stations to fuel liquid hydrogen.last_img read more

UK sandwich market hits £4.6bn

first_imgSome 325 delegates attended the British Sandwich Association’s Taste conference and exhibition, held in London last week.Speakers at the event included Marks and Spencer’s food technologist David Balmer, Tim Nicholas of market research company TNS and consultant Nellie Nichols.The delegates shared information from the latest TNS sandwich report for the year to August 13, which showed the value of commercial sandwich sales was up 8.9% to £4.6bn for the year.The top three filings were chicken salad, egg and cress and chicken & bacon.A sausage sandwich competition at the show, run by the British Pig Executive, was won by Fresh Organics’ Best of British Sandwich.last_img