Adelphia Gateway, a subsidiary of New Jersey Resources, has secured approval from the US Federal Energy Regulatory Commission (FERC) for the Adelphia Gateway pipeline conversion project in southeastern Pennsylvania. The pipeline company was issued a Certificate of Public Convenience and Necessity for the pipeline conversion project which it says affirms the need for reliable pipeline […]
Ant Financial Services, a Chinese fintech company owned by Alibaba Group, has created a joint venture (JV) with The Vanguard Group, a US asset management company to offer retail investment advisory services in China. The joint venture will combine the technology of Ant Financial Services’ Alipay, a third-party mobile and online payment platform, with the […]
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 […]
Global confectionery company Ferrero has inaugurated its new distribution center in Jonestown, Pennsylvania to support its organic growth and integration of new brands. The 730,000 square-foot facility, which is located at 112 Bordnersville Road, will offer 225 local jobs with 75 new positions this year and a further 150 jobs by the end of next […]
FirstEnergy Solutions said that unit 3 of the Bruce Mansfield Power Plant, a 2.49GW coal power plant in Pennsylvania, will be deactivated two years earlier than the previously announced date. The US energy supplier has notified PJM Interconnection that it would stop operations at the Bruce Mansfield unit 3 in Beaver County, Pennsylvania on 7 […]
Ascensus acquisition of Beneco : Ascensus, a US-based retirement and college savings services provider, has acquired Beneco, a provider of bundled retirement and health and welfare benefits administration solutions in the wage market, from Alpine Investors. Financial terms of Ascensus acquisition of Beneco were not disclosed. Beneco provides a comprehensive suite of recordkeeping, third-party administration, […]
Middleby acquisition of Pacproinc : Foodservice equipment manufacturer Middleby has acquired Pennsylvania-based automated packaging solutions provider Packaging Progressions (Pacproinc) for an undisclosed price, as per the latest packaging industry news and packaging acquisition news. Headquartered in Souderton, Pacproinc has annual revenues of $30 million. Pacproinc provides automated packaging technologies for clients in the protein and […]
The US Federal Energy Regulatory Commission (FERC) has issued a certificate of public convenience and necessity to Williams authorizing the company to go ahead with the Northeast Supply Enhancement project (NESE project), a proposed expansion of the existing Transco gas pipeline infrastructure in the states of Pennsylvania, New Jersey, and New York. The Northeast Supply […]
Dallas-based pipeline transport company Energy Transfer has placed the 350mile long Mariner East 2 natural gas liquids (NGLs) pipeline (Mariner East 2 pipeline) into service. The underground NGL pipeline, which is now available for both interstate and intrastate service, delivers domestically produced ethane, propane and butane east from processing plants in Ohio and West Virginia […]
McDermott International has commissioned units 5 and 6 of the York 2 Energy Center, an 828MW combined-cycle gas power plant located in Pennsylvania. The York 2 Energy Center project located in Peach Bottom Township is owned by Calpine Mid-Merit, an affiliate of US power generation company Calpine. McDermott was given an engineering, procurement and construction […]