North Dakota grants pivotal approval for Summit Carbon Solutions’ CO2 pipeline

North Dakota grants pivotal approval for Summit Carbon Solutions’ CO2 pipeline

Summit Carbon Solutions has achieved a critical breakthrough with the North Dakota Public Service Commission granting a Route Permit for its ambitious CO2 pipeline project. This decision signifies the culmination of an exhaustive review process aimed at balancing economic growth with the interests of local communities, stakeholders, and landowners. The permit sets the stage for […]

North Plains Connector project : Allete, Grid United partner to develop $2.5bn transmission line

North Plains Connector project : Allete, Grid United partner to develop $2.5bn transmission line

Clean energy company Allete and Grid United, a transmission company, have joined forces to develop the North Plains Connector project, a core transmission link in the US to increase the reliability of the nation’s electric grid, with approximately $2.5 billion investment. The transmission line will connect three regional US electric energy markets, namely the Midcontinent […]

E-commerce giant Amazon opens Fargo fulfillment center in North Dakota

E-commerce giant Amazon opens Fargo fulfillment center in North Dakota

E-commerce giant Amazon has opened a new one million-plus square foot fulfillment center in Fargo, the company’s first in North Dakota. According to Amazon, the new facility in Fargo is a non-sortable fulfillment center. Associates at the center will be engaged in picking, packing, and shipping bulky or larger-sized customer items like outdoor equipment, patio […]

Danaher to acquire US CDMO Aldevron for $9.6bn

Danaher to acquire US CDMO Aldevron for $9.6bn

Danaher Corporation has agreed to acquire Aldevron, a North Dakota-based manufacturer of plasmid DNA, mRNA, and recombinant proteins, for nearly $9.6 billion from EQT Group’s EQT VIII fund (EQT Private Equity) and others. EQT Private Equity had acquired a majority stake in Aldevron in 2019, investing alongside TA Associates, the latter’s founders, and management. The […]

AHIP to acquire dozen Premium Branded hotels for $191 million

AHIP to acquire dozen Premium Branded hotels for $191 million

American Hotel Income Properties REIT (AHIP) has agreed to acquire a portfolio of a dozen Premium Branded hotels for $191 million in a move to boost its geographic footprint in Texas and the Midwest. The 12 hotels have a total of 1,203 guestrooms and are located across the states of Minneapolis, Texas, Michigan, Pennsylvania, and […]