Have you ever wondered whether leaders of big energy companies are concerned by the increased pollution of the environment? Wes Edens, Chairperson and President of the New Fortress Energy just announced a deal between his company and Hydro. A deal that will foresee Alunorte refinery transformed into a cleaner fuel supporting Hydro’s environmental conservation commitment.
Wes Edens has ensured that NFE will distribute hydro with 29.5 TBtu of natural gas under his leadership annually. This is essential for the industrial growth in the Para region as it facilitates reducing negative environmental impact. LNG will be established in the Para region due to the presence of Alunorte.NFE is therefore expected to complete its Barcarena terminal by 2022 so that the conversion process can begin by 2023 though these agreements are subject to final decisions and other agreements.
New Fortress Energy is a company established with the main aim of helping the world transition to clean energy. With Wes Edens as its CEO and chairman, the company delivers integrated solutions that facilitate economic growth while enabling environmental conservation. Moreover, NFE has several expectations. With all the agreements in place, New Fortress Energy is now looking forward to the complete conversion to natural gas. Without a doubt, this will be impactful to Brazil’s energy marketplace and annual refinery emissions. The refinery is anticipated to be an essential gas buyer and enabler for launching LNG supply in Para state.
Even so, these expectations only speak of the period on which they are made unless required by law. While looking at these forward statements, care should be taken to consider all the risk factors in the annual report so that the results do not differ from those contained in forwarding statements. Moreover, the company takes no duty in updating its forward statements even with the change in conditions and factors affecting the energy market.
Original source to learn more: https://www.behance.net/wesedens