{"id":526423,"date":"2021-08-11T06:33:07","date_gmt":"2021-08-11T10:33:07","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/"},"modified":"2021-08-11T06:33:07","modified_gmt":"2021-08-11T10:33:07","slug":"new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/","title":{"rendered":"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia"},"content":{"rendered":"

<\/p>\n

New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia<\/b><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nNew Fortress Energy Inc. (NASDAQ: NFE) (\u201cNFE\u201d) announced today that it has executed two Gas Supply Agreements (\u201cGSA\u201d) with subsidiaries of Unigel Participa\u00e7\u00f5es (\u201cUnigel\u201d) to supply natural gas to the Unigel Agro-BA and Unigel Agro-SE fertilizer plants (the \u201cFertilizer Plants\u201d) located in the Brazilian states of Bahia and Sergipe, respectively. The agreements also include an option to supply Unigel\u2019s chemicals facility in Candeias, state of Bahia, Brazil.\n<\/p>\n

\nIn total, NFE expects to supply Unigel with up to 41 Tbtu of natural gas annually (equivalent to approximately 1.4 million gallons of LNG per day) for a 5-year term beginning in Q1 2022.\n<\/p>\n

\n\u201cWe are excited to become the strategic gas supply partner of Unigel, one of the premier industrial companies in Brazil,\u201d said Wes Edens, Chairman and CEO of NFE. \u201cThis partnership demonstrates the value our LNG import terminals will provide to customers in Brazil as we bring affordable, reliable energy supply and support industry throughout Brazil.\u201d\n<\/p>\n

\nAndrew Dete, Managing Director at NFE added, \u201cNFE is proud to partner with Unigel to support domestic fertilizer production in Northeast Brazil. These agreements are great examples of NFE\u2019s mission to partner with leading industrial customers in Brazil to provide reliable energy supply.\u201d\n<\/p>\n

\nThe supply of gas from NFE\u2019s strategically-located Suape and Sergipe LNG terminals in Brazil\u2019s northeast will connect Unigel\u2019s operations to the global LNG and natural gas markets as well as significantly reduce pipeline transportation charges.\n<\/p>\n

\n\u201cWe believe that this 5-year term agreement with NFE will provide a more reliable, stable operation for our plants in the long run, which is key to improve our competitiveness and solidify our commercial presence in Brazil,\u201d said Roberto Noronha Santos, CEO of Unigel.\n<\/p>\n

\nUnigel\u2019s Fertilizer Plants are capable of producing over 3,000 tons per day of urea in total.\n<\/p>\n

\nThe transaction is subject to the receipt of certain regulatory approvals and other customary conditions.\n<\/p>\n

About New Fortress Energy<\/b><\/p>\n

\nNew Fortress Energy is a global energy infrastructure company founded to help accelerate the world\u2019s transition to clean energy. The company funds, builds and operates natural gas infrastructure and logistics to rapidly deliver fully integrated, turnkey energy solutions that enable economic growth, enhance environmental stewardship and transform local industries and communities.\n<\/p>\n

About Unigel Participa\u00e7\u00f5es<\/b><\/p>\n

\nUnigel is one of the largest chemical companies in Brazil, holding a leading position in styrenics, acrylics and nitrogen fertilizers in Latin America. The company, with industrial facilities in Brazil and Mexico, makes itself present in day-to-day life serving multiple customers across a broad spectrum of industries including home appliances & electronics, automotive, paints and coatings, construction, pulp and paper, packaging, health and safety, textile, mining and agriculture.\n<\/p>\n

Cautionary Language Regarding Forward-Looking Statements<\/i><\/b><\/p>\n

\nThis communication contains forward-looking statements. All statements contained in this communication other than historical information are forward-looking statements that involve known and unknown risks and relate to future events, our future financial performance or our projected business results. You can identify these forward-looking statements by the use of forward-looking words such as \u201cexpects,\u201d \u201cmay,\u201d \u201cwill,\u201d \u201capproximately,\u201d \u201cpredicts,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cestimates,\u201d \u201canticipates,\u201d or the negative version of those words or other comparable words. Forward looking statements include: the supply of natural gas to the Fertilizer Plants including the locations from where we will supply and the expected annual quantities and delivery dates; if and when the option to supply Unigel\u2019s chemical facility will be exercised; the value our LNG import terminals will provide to customers in Brazil; the reduction of pipeline transportation charges; and other statements regarding NFE\u2019s operations, goals and strategy.\n<\/p>\n

\nThese forward-looking statements represent the Company\u2019s expectations or beliefs concerning future events, and it is possible that the results described in this press release will not be achieved. These forward-looking statements are subject to risks, uncertainties and other factors, many of which are outside of the Company\u2019s control, that could cause actual results to differ materially from the results discussed in the forward-looking statements. Factors that could cause or contribute to such differences include, but are not limited to: risks related to the development, construction or commissioning schedule for our LNG terminals may be longer than we expect; the funding of the project may not be possible on the terms we expect; we will be unable to operationalize our plans for the rights and key permits to develop the LNG terminals; the receipt of certain regulatory approvals; and that we will not be able to provide natural gas to customers as we currently expect. These factors are not necessarily all of the important factors that could cause actual results to differ materially from those expressed in any of NFE\u2019s forward-looking statements. Other known or unpredictable factors could also have material adverse effects on future results.\n<\/p>\n

\nAny forward-looking statement speaks only as of the date on which it is made, and, except as required by law, the Company does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. New factors emerge from time to time, and it is not possible for the Company to predict all such factors. When considering these forward-looking statements, you should keep in mind the risk factors and other cautionary statements in our annual report, quarterly and other reports filed with the SEC, which could cause its actual results to differ materially from those contained in any forward-looking statement. We undertake no duty to update these forward-looking statements even though the situation may change in the future.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20210811005387\/en\/<\/a><\/span><\/p>\n

\nIR:
\n
Joshua Kane
\n
(516) 268-7455
\n
jkane@newfortressenergy.com<\/p>\n

Media:
\n
Jake Suski
\n
(516) 268-7403
\n
press@newfortressenergy.com\n<\/p>\n

KEYWORDS:<\/b> United States South America North America Brazil New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Oil\/Gas Alternative Energy Energy Other Energy Utilities<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia NEW YORK–(BUSINESS WIRE)– New Fortress Energy Inc. (NASDAQ: NFE) (\u201cNFE\u201d) announced today that it has executed two Gas Supply Agreements (\u201cGSA\u201d) with subsidiaries of Unigel Participa\u00e7\u00f5es (\u201cUnigel\u201d) to supply natural gas to the Unigel Agro-BA and Unigel Agro-SE fertilizer plants (the \u201cFertilizer Plants\u201d) located in the Brazilian states of Bahia and Sergipe, respectively. The agreements also include an option to supply Unigel\u2019s chemicals facility in Candeias, state of Bahia, Brazil. In total, NFE expects to supply Unigel with up to 41 Tbtu of natural gas annually (equivalent to approximately 1.4 million gallons of LNG per day) for a 5-year … <\/p>\n

Continue reading “New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-526423","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nNew Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia NEW YORK–(BUSINESS WIRE)– New Fortress Energy Inc. (NASDAQ: NFE) (\u201cNFE\u201d) announced today that it has executed two Gas Supply Agreements (\u201cGSA\u201d) with subsidiaries of Unigel Participa\u00e7\u00f5es (\u201cUnigel\u201d) to supply natural gas to the Unigel Agro-BA and Unigel Agro-SE fertilizer plants (the \u201cFertilizer Plants\u201d) located in the Brazilian states of Bahia and Sergipe, respectively. The agreements also include an option to supply Unigel\u2019s chemicals facility in Candeias, state of Bahia, Brazil. In total, NFE expects to supply Unigel with up to 41 Tbtu of natural gas annually (equivalent to approximately 1.4 million gallons of LNG per day) for a 5-year … Continue reading "New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2021-08-11T10:33:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210811005387r1&sid=flmnd&distro=nx&lang=en\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia\",\"datePublished\":\"2021-08-11T10:33:07+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\\\/\"},\"wordCount\":1010,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/cts.businesswire.com\\\/ct\\\/CT?id=bwnews&sty=20210811005387r1&sid=flmnd&distro=nx&lang=en\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\\\/\",\"name\":\"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia - 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(NASDAQ: NFE) (\u201cNFE\u201d) announced today that it has executed two Gas Supply Agreements (\u201cGSA\u201d) with subsidiaries of Unigel Participa\u00e7\u00f5es (\u201cUnigel\u201d) to supply natural gas to the Unigel Agro-BA and Unigel Agro-SE fertilizer plants (the \u201cFertilizer Plants\u201d) located in the Brazilian states of Bahia and Sergipe, respectively. The agreements also include an option to supply Unigel\u2019s chemicals facility in Candeias, state of Bahia, Brazil. In total, NFE expects to supply Unigel with up to 41 Tbtu of natural gas annually (equivalent to approximately 1.4 million gallons of LNG per day) for a 5-year … Continue reading \"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/","og_site_name":"Market Newsdesk","article_published_time":"2021-08-11T10:33:07+00:00","og_image":[{"url":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210811005387r1&sid=flmnd&distro=nx&lang=en","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"5 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia","datePublished":"2021-08-11T10:33:07+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/"},"wordCount":1010,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/#primaryimage"},"thumbnailUrl":"https:\/\/cts.businesswire.com\/ct\/CT?id=bwnews&sty=20210811005387r1&sid=flmnd&distro=nx&lang=en","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/new-fortress-energy-signs-agreements-with-unigel-to-provide-natural-gas-to-fertilizer-plants-in-the-states-of-sergipe-and-bahia\/","name":"New Fortress Energy Signs Agreements with Unigel to Provide Natural Gas to Fertilizer Plants in the States of Sergipe and Bahia - 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