HollyFrontier Corporation to build new renewable diesel refinery project

first_img Image: HollyFrontier to build new renewable diesel refinery project. Photo: Courtesy of Harry Stilianou/Pixabay HollyFrontier Corporation today announced a series of strategic actions targeting growth, risk management and shareholder returns: a new renewable diesel unit (“RDU”) project, regular dividend annual growth target and a new HollyFrontier share repurchase authorization.Commenting on the announcements, Franklin Myers, Chairman of the Board of HollyFrontier, stated, “Today’s announcements illustrate HollyFrontier’s commitment to both grow our business and deliver superior cash returns to shareholders. We expect our new renewable diesel plant will generate attractive returns and help us meet our requirements under the Renewable Fuel Standard. At the same time, we are increasing cash returns to shareholders through an increase in our regular dividend with a path for future dividend growth and a new HollyFrontier share repurchase authorization.All of these actions are consistent with our balanced approach to capital allocation: 1) reinvest in and maintain our existing assets, 2) maintain a healthy balance sheet with an investment grade credit profile, 3) pay a competitive and sustainable regular dividend through the cycle, 4) invest in growth capital projects or acquisitions with a superior return, and 5) return excess cash to shareholders through share repurchases.”Construction of a Renewable Diesel UnitHollyFrontier plans to construct a new RDU at its Artesia refinery. The RDU will have a production capacity of approximately 125 million gallons a year and allow HollyFrontier to process soybean oil and other renewable feedstocks into renewable diesel. This investment will provide HollyFrontier the opportunity to meet the demand for low-carbon fuels while covering the cost of our annual RIN purchase obligation under current market conditions. The RDU, along with corresponding rail infrastructure and storage tanks, is estimated to have a total capital cost of $350 million, and is expected to be completed in the first quarter of 2022. The RDU will be funded with cash on hand and is expected to generate an internal rate of return between 20% and 30%.Regular Dividend Annual Growth TargetOn November 13, 2019, HollyFrontier announced that its Board of Directors declared a regular quarterly dividend of $0.35 per share, an increase of 6% from $0.33 per share the prior quarter, payable on December 11, 2019 to holders of record of common stock on November 27, 2019. Over the next three years, HollyFrontier plans to review the dividend annually and target an expected dividend growth rate of approximately 5% per year.New HFC Share Repurchase AuthorizationHollyFrontier’s Board of Directors authorized a new $1 billion share repurchase program. This authorization replaces all existing share repurchase authorizations, of which there was approximately $281 million remaining. Over the past 15 months, HollyFrontier has returned over $719 million to shareholders under its previous share repurchase program and reduced the outstanding share count by 8%. Share repurchases may be made in the open market, through privately negotiated transactions from time to time or by other means in accordance with federal securities laws and are subject to a number of factors, including market conditions, applicable legal and regulatory requirements and other considerations. This share repurchase program may be discontinued at any time by the Board of Directors. Source: Company Press Release HollyFrontier plans to construct a new RDU at its Artesia refinery, which is expected to have a production capacity of approximately 125 million gallons a yearlast_img read more

CU 2.0 Fintech Friday: CU Student Choice

first_imgIt’s CU 2.0 Fintech Friday! Today, Chris Otey sits down with CU Student Choice to discuss all things credit union, fintech, and digital innovation.CU Student Choice works with credit unions to provide prospective university students with student loans. Their goal is to simplify the college loan process for students. This simplification, they hope, will help students find good-value educational loans to finance their education. They also make it so that the borrower doesn’t have to reapply for loans each year.For all of us who have taken out federal student loans at some point—that setup sounds like a breath of fresh air. Nobody likes filling out FAFSA forms year after year.It sounds even better for those of us who took out private student loans. The interest rates on those often exceed any reasonable boundaries. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Red Sox’s Dustin Pedroia won’t be with team on opening day

first_imgRed Sox second baseman Dustin Pedroia, who missed virtually all of the 2018 season with a left knee problem that required surgery, won’t be with the team on opening day, manager Alex Cora said Monday.”No setbacks, nothing out of the ordinary,” Cora said (via NESN.com), “We just feel like we need more time to do the back-to-backs, more innings. … There’s not really a target date. The target date will be when he shows up and we’re comfortable where he’s at with the workload.” Though the Red Sox won the World Series without Pedroia last season, the trio of Brock Holt, Eduardo Nunez and the departed Ian Kinsler slashed .252/.308/.350 with eight homers (and 61 RBIs) in his absence.Those numbers are well below a healthy Pedroia’s career averages of .300/.366/.440 and 11 home runs and don’t take into account Pedroia’s veteran presence, a major asset. Here is Cora talking Pedroia plan pic.twitter.com/FocAdVwqyf— Rob Bradford (@bradfo) March 18, 2019Pedroia, 35, had three plate appearances and played five innings in the field Saturday in spring training action and is scheduled to play Tuesday, Thursday and Saturday this week, Cora said. He also will travel to Chicago for a pair of exhibition games against the Cubs early next week. But then Pedroia will return to the team’s training camp in Fort Myers, Florida, instead of heading to Seattle for the Red Sox’s opening day game March 28 against the Mariners.A career .300 hitter, the veteran batted .293/.369/.392 with seven home runs and 62 RBIs in 105 games in an injury-limited 2017 and then missed all but three games in 2018 with the bad knee and subsequent surgery. Related News In four games this spring, he is 2-for-7 with a run.”He looks actually very good,” Cora said, describing Pedroia’s delayed start to the MLB season as erring on the side of caution. Yankees CF Aaron Hicks has back injury, will miss opening serieslast_img read more

Woman charged with stealing €20,000 from 83 year old pensioner

first_imgA woman has appeared in court charged with the theft of €20,000 from an 83-year-old woman.Marjorie Gallagher appeared at Falcarragh District Court charged with the theft of the cash from Bridget McLaughlin of Meenmore in Dungloe, Co Donegal. Ms Gallaghed, aged 56, from Maghery, Dungloe, was charged with four separate counts of theft of €5,000 from the elderly woman.The thefts are alleged to have happened between January 1st 2016 and April 9th, 2018 in Dungloe.The court was told that Mrs Gallagher was arrested at Letterkenny Garda station at High Road earlier today but did not reply when the three charges were put to her.She appeared in court with a number of family members.The court was told by Inspector Seamus McGonigle that the Director of Public Prosecutions has agreed for the case to go forward to the circuit court for trial.Solicitor Patsy Gallagher asked for the case to be adjourned to Dungloe District Court on June 11th for a book of evidence.He said Ms Gallagher was attending hospital and asked if she could be excused from appearing on that date.Judge Paul Kelly agreed and adjourned the case.Woman charged with stealing €20,000 from 83 year old pensioner was last modified: April 17th, 2019 by StephenShare this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:courtdonegaldungloeMarjorie Gallaghertheftlast_img read more

H-DNL volleyball: Arcata, St. Bernard’s stay perfect in conference play

first_imgVolleyball: Arcata 3 Eureka 0The Arcata High volleyball team remained perfect in Big 5 Conference play with a win in straight sets (25-17, 25-21, 25-20) over Eureka, Tuesday night at Eureka High.Bella Vigil led Eureka (1-11, 0-4) in kills with five while Madison Broese and Cambelle Suchanek added 16 and 15 assists, respectively.Arcata (17-7, 3-0 Big 5) has yet to provide statisVolleyball: Fortuna 3 Del Norte 1Fortuna picked up a hard-fought Big 5 win with a four-set victory (25-23, 20-25, …last_img

$40m wave energy plant for SA

first_img23 April 2007Canadian-based energy company Finavera Renewables has committed more than US$ 40-million to build a 20-megawatt wave-energy power plant off the coast of South Africa over the next five years.Finavera Renewables chief executive Jason Bak made the commitment at the annual Clinton Global Initiative (CGI) conference in New York late last year. Organisations are asked to generate innovative solutions to limit some of the world’s pressing problems as part of their commitment.The company stated last week that they had completed the initial site evaluation and selection process, identifying two sites off the western coast of South Africa.“This project represents our commitment to reduce energy poverty in South Africa and develop a clean source of renewable energy in the country. The site selection report confirms the strong wave resource off the coast of South Africa and identifies two areas for potential development,” he said.“Further work needs to be carried out before a final site selection is made, but we are well on our way to making this project a reality.”“A more sustainable energy model”According to the company, Southern Africa suffers from intermittent power disruptions as demand outstrips supply, and a serious power crisis is expected if investments in new energy projects are not madeWith South African energy demand projected to double over the next 10 years, the government has made a commitment to satisfy a portion of that demand with clean energy sources.“This type of project will help address the electricity needs of South Africa, parts of which are plagued by brownouts, and create a more sustainable energy model for developing countries,” said Bak.The project will generate more than 30 million kilowatt-hours of electricity per month, save $2-million per year in fuel and avoid approximately 4 000 tons of carbon dioxide emissions.In addition, the company said that a percentage of the return from the project will be used to alleviate energy poverty and will provide economic benefits to local communities through the creation of jobs.SouthAfrica.info reporter Want to use this article in your publication or on your website?See: Using SAinfo materiallast_img read more

Ohio Ag Weather and Forecast, June 18, 2019

first_imgShare Facebook Twitter Google + LinkedIn Pinterest No significant changes in our forecast this morning, but we are going to suggest a slightly better outlook for nearby over the state. We are allowing the heavier action today to stay farther south. There still will be some showers around, but we are pulling back on the overall totals. For today, we can see a .1”-.5” south and east of a line from Youngstown to Cincinnati. North and west of there, we cant rule out a shower or two, particularly in far NE Ohio, but the coverage will be nothing like the action farther south and east. Tomorrow should turn out mostly rain free, but we will likely see a few showers develop in the northern third of the state tomorrow late afternoon/evening.Overnight tomorrow night through Thursday another swath of moisture swings through, triggering rain totals of .25”-1.25” with 90% coverage. We look for the heaviest to come across central portions of the state, but in general we all have a pretty good chance of moisture. Friday should be dry over most of the state.For the weekend, scattered showers and thunderstorms will move through with at least 2, and perhaps 3 waves from Saturday through Sunday and early Monday. Combined weekend moisture will be from .5”-2” with coverage at 100% of the state. Some of the weekend thunderstorms, particularly overnight Saturday night into Sunday, can be strong to severe. Rain tapers off Monday midday, and we should be dry by Monday afternoon.We are looking to trend our forecast drier for next Tuesday, Wednesday and the first part of Thursday. Temps stay near normal, but the lack of precipitation should allow for good evaporation. Watch for some scattered showers to re-emerge later next Thursday afternoon.  An updated 10 day forecast map for total rainfall is at right.last_img read more

The Key To Social Network Success: Rip Off Pinterest?

first_imgYour social network has fallen from its 2006-era prime. You need to reposition yourself and regain the attention of users who have long since moved on. What do you do? Take a page from the Pinterest playbook.This week is apparently the week to do exactly that. First, MySpace previewed its next iteration, which moves away from traditional profiles and social streams in favor of a grid-based layout showcasing media content shared by users. Sound familiar?The very next day, StumbleUpon launched a beta redesign that also bears a visual similarity to Pinterest. MySpace and StumbleUpon aren’t the first companies to take cues from Pinterest’s design approach. The design of the explosively popular social scrapbooking service has been widely mimicked in recent months. Its tiled layout, based on the widely-used Masonry jQuery layout plugin, has begat countless WordPress and Tumblr themes.Sites using this visual approach are too numerous to name. StumbleUpon and MySpace stand out because they are both once-beloved social networks from a half decade ago that have declined in usership and relevance. Meanwhile, Pinterest has become the latest social media phenomenon, even as many in the broad public struggle to understand why on Earth they should use it. It’s hard to say how long Pinterest’s growth will last or whether it will find a viable business model, but for now its success has given other contenders in the social space something to emulate, sometimes shamelessly.Take Chill, for example. The social video-sharing service originally sprang out of the group-listening hype generated last summer by music startup Turntable.fm. In early 2012, the company shifted its focus from real-time group video watching and content discovery. Today, Chill bears a striking resemblance to Pinterest, from its Masonry-style layout to the placement of its dark pink, handwritten-looking logo.  The Dos and Don’ts of Brand Awareness Videos People are ripping off Pinterest’s design for one simple reason: it works. In 30 months (much of which was a closed beta period), the service’s subscriber list has ballooned to more than 20 million users who have generated 1.9 billion monthly page views and spend an average of about 15 minutes pinning and browsing. In terms of registered users, that’s not quite Instagram-level growth, but it’s still remarkable. A feature in the September issue of Fast Company explains the origin of Pinterest’s design: As they sketched out Pinterest, [cofounders] Silberman and Sharp cast aside many then-predominant orthodoxies of Web design. Facebook, Twitter, Tumblr, and many other content-driven websites were organized around “feeds,” lines of text or images that ran from top to bottom by time… The idea was to remove the rigid organizational strictures that the Web imposed – directories, timestamps, pagination – and replace them with a grid of images that would feel more like visiting a store or a museum. The result was what we see on Pinterest today: pleasing images of attractive people, delicious-looking confections, stylish accessories and awe-inspiring scenes laid out on a fixed-width grid with no bottom. That infinite scroll is part of what makes Pinterest so addictive – and helps boost the coveted time-on-site metric. Unlike most hot social startups, Pinterest even has the beginnings of a non-advertising-based business model within reach. The service is already driving tons of traffic to online retailers as its users lust after many of the products pinned there. The company is not officially implementing any particular monetization strategy yet, but many of the components of one are sitting there waiting to be picked up and built into a cash cow. Of course, half of that potential future equation is a massive user base, which Pinterest has. Other sites can borrow from its design all they want, but whether or not they can win over users on such an immense scale is another story altogether.  Facebook is Becoming Less Personal and More Pro… Related Posts Tags:#Pinterest#web Guide to Performing Bulk Email Verification john paul titlow A Comprehensive Guide to a Content Auditlast_img read more

Intel launches modular Compute Card at CES 2017

first_imgFollow the Puck Each part of a computer has a different lifespan, but all too often once one part breaks, the entire unit needs to be scrapped for the newest model. Intel wants to change that, at the Consumer Electronics Show (CES) 2017 it announced the Compute Card, a modular computer that fits inside your pocket.The Compute Card comes with a CPU, GPU, RAM, flash storage, and wireless connectivity inside, enough to power most household machines. Intel wants it to be the computer that powers smart TVs, fridges, and other smart home appliances of the future.See Also: Intel burned by Basis Peak users’ burnsInstead of inserting the computer via HDMI, Intel has created a new USB-C extension that gives direct access to USB and PCIe buses. The Compute Card can also connect and control HDMI and DisplayPort outputs, giving it a wide variety of functionality.Intel Compute Stick set to retireIntel plans to retire the predecessor to the Compute Card, the Compute Stick, sometime in 2018. It will start working with consumer and commercial partners to build backdoors to remove the Compute Card from devices, without breaking the entire machine.We don’t know the performance of the Compute Card, but Intel has said it will provide performance options ranging from Intel’s low-power Atom range to the Core i5 and i7 processors found in high-end laptops and desktops.Intel also didn’t announce a price for the Compute Card. It said there will be more information on specifications, availability, and pricing in June 2017. The chip maker is working with partners to bring the Compute Card to as many devices as possible—the partners include Dell, HP, Lenovo, and Sharp.The Compute Card could improve the lifespan of smart home devices, which would otherwise need to be replaced every two to three years. For the low-power devices, it may cost less than $100 to keep the device going for another half decade, if the Compute Card proves an easy upgrade. Tags:#CES2017#Compute Card#Intel#Internet of Things#IoT#smart home David Curry Why IoT Apps are Eating Device Interfacescenter_img Internet of Things Makes it Easier to Steal You… Related Posts Small Business Cybersecurity Threats and How to…last_img read more

Why You Should Create These 5 Keyboard Shortcuts in Premiere Pro

first_imgKeyboard shortcuts are essential for any serious editing project. Here are five important tasks that deserve custom shortcuts.Cover image via Shutterstock.There are so many shortcuts for Premiere Pro that it could take you just as long to learn them all as it would to learn to use the program. Although there are practical accessories like printout sheets and editing keyboards that will help you learn your shortcuts, many still go unused.However, there are also plenty of editing tasks without a shortcut that would benefit from one. Thankfully, Premiere Pro lets you customize pre-existing shortcuts and create new ones. Let’s take a look at some features that I think deserve the shortcut treatment. A few of these shortcuts are management-based rather than edit-orientated, but I find having shortcuts for them is very beneficial.Playback ResolutionThe playback resolution dictates the resolution of the footage in the program (or source) monitor. You can decrease the resolution by 1/2, 1/4, 1/8, or 1/18 (depending on the original resolution of the footage). This is a great feature if you’re working with a video file that has a high data rate or high compression, and the file is just too difficult for your system to handle. You can simply lower the resolution down to 1/4, which will enable you to scrub through and play your footage with ease.If you’re working with 4k files on a 1080p screen, you’re not going to see a significant decrease in the quality. However, a problem arises when you’re working with mixed resolutions. If I’m scrubbing through 4k files on a 1080p timeline, and then I encounter a segment of 1080p stock footage, the stock footage is going to look awful at 1/4, and I’m going to have to keep switching the resolution settings back and forth.You can eliminate the mouse movement with a few keyboard shortcuts.If necessary, you can do the same with the source monitor and the paused resolution.Zoom Monitor In or Out“Does this shot have soft focus or is it me?” — a line I’ve muttered at least a dozen times while editing. In Premiere, you can zoom in and out of the timeline using – or =, or you can hit Z for the zoom tool. What you cannot do is zoom in and out of the program or source monitor with a keyboard shortcut. You can quickly hit the dropdown menu under the program monitor, but the function becomes cumbersome if you need to zoom in and out while previewing your edit.I recommend the following shortcuts for quick and easy access to the program monitor zoom function.Again, you can also assign shortcuts for the source monitor.Reveal in ProjectRight-click on any media file in the timeline, and you can select “reveal in project,” which will take you straight to that media clip in the project panel. When you’re working with a limited number of clips, it’s not an important function. However, when you have many media clips tucked away in bins, finding a specific clip (especially if it carries a default filename) can become a hassle. While the “reveal in project” segment of the pop-up menu is relatively close to the mouse upon right-clicking, you can make things easier by assigning it a shortcut. I use Ctrl +1 (number pad). When I click a clip, I can now very quickly bring it up in the cluttered project panel.Reveal in ExplorerThere may also be a circumstance when you need to find the original media clip on your drive — perhaps to make a copy or transfer the file to someone else. I often find myself searching for a media clip on the drive, so I’ve learned to assign shortcuts for the task. Since this is similar to the reveal in project shortcut, I use Ctrl +2 (number pad). Strangely, you cannot perform this task from the timeline panel with a shortcut. You can only assign a keyboard shortcut to reveal in explore in the project panel window — despite the option to right-click in the timeline.Move Playhead to CursorEffective editors want to keep their hands on the keyboard as much as possible — switching back and forth to use the mouse eats up precious time. It’s always bothered me that if I work backward or forward away from the cursor on the timeline, I have to leave the keyboard to bring the playhead back to the cursor point — or perhaps you’ve just lost sight of the cursor and you don’t want to zoom out on the timeline. Whatever the case, you can eliminate the need to remove your hand from the keyboard with a shortcut. CTRL + P should be available (P for “playhead”).There are still many functions to which you cannot assign a keyboard shortcut, such as solo or muting individual audio tracks. Hopefully, Adobe will address these functions in the future, but in the meantime, take advantage of as many shortcuts as you can.Have you customized any keyboard shortcuts in Premiere Pro? Let us know in the comments..last_img read more