Next Wave takes FID on new alkylate production facility in Texas

first_img Image: Next Wave to build ethylene-to-alkylate plant in Texas. Photo: courtesy of Frauke Feind/Pixabay. Next Wave Energy Partners has made a final investment decision (FID) to build an ethylene-to-alkylate production facility in Pasadena, Texas, US.The plant, named Project Traveler, will be located near the Houston Ship Channel at Next Wave’s 53-acre site in Pasadena and will have a capacity to produce 28,000 bbl/day of alkylate.Next Wave said that it can consume over 1.2bn pounds annually of ethylene and will receive the feedstock from numerous pipelines. It can also receive feedstock and deliver the product by rail.At the facility, the US-based company will convert a quantity of of North America’s ethylene supply to alkylate by using licensed and commercially proven process technologies.Initial production is expected to commence in mid-2022. Next Wave has already secured long-term customer contracts for the majority of the facility’s output.Energy Capital Partners and members of Next Wave’s senior management are providing equity financing for Project Traveler.Next Wave did not reveal the cost of the project.Next Wave president and CEO Michael Bloesch said: “Our technical team has invested considerable time and effort in the design of the facility, which includes the built-in ability to cost-effectively expand production capacity in the future.“Working with potential suppliers and offtake partners, we have already commenced engineering for a second alkylation unit at our Pasadena site to capitalize on incremental demand for our services.“We believe our premier location near the Houston Ship Channel offers our customers unsurpassed connectivity to feedstock supply, product offtake and gasoline blending and distribution infrastructure.”The construction of the ethylene-to-alkylate facility will create 750 jobsDuring the construction phase, the project will generate up to 750 jobs and nearly 30 direct permanent jobs once completed.Next Wave executive chairman Patrick Diamond said: “Project Traveler was conceived to benefit from two important trends in our industry – growing demand for additional octane and abundant domestic supplies of natural gas liquids and their derivatives.“By starting with a chemically pure feedstock and thereby avoiding the feedstock constraints typically found in refinery alkylation, our facility will produce one of the highest-quality alkylate products available in North America, which is particularly attractive for blending the cleaner-burning gasoline required by the high performance engines of today and tomorrow.” Initial production from the new alkylate facility is expected to commence in mid-2022last_img read more

Personalization increases engagement with credit union web designs by 31%

first_img 2SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Derik Krauss Derik is a cofounder of BloomCU, an award-winning website design agency for credit unions. His agency’s design work has received recognition from CUNA (Diamond Award), TheFinancialBrand.com, and others. He … Web: bloomCU.com Details As soon as Rebecca visits the auto loan page, the personalization software tags her interest as “auto loan.” Then, on her next visit to the homepage, personalization kicks in to show her an auto loan promotion:When shown the personalized promotion, Rebecca is 31% more likely to click “apply now” and start an application:How do we know personalization can increase clicks by 31%? Because we A/B tested personalization on HFSFCU.org and saw a 31% increase after 8,360 impressions across these five products and services:Auto loansCredit cards Personal loansPersonal line of creditAutos for saleCredit unions are “people helping people,” and personalizing your website brings that same mentality to digital interactions with your members. Furthermore, a credit union’s impact can be measured through metrics like number of members enrolled and loans given. Accordingly, adding personalization software to your credit union website design can both bring humanity to your digital branch and increase applications for membership, products, and services.Get the case study with HFS to help you explain personalization to your boss:Personalization Case Study with HFSFCU.orgAnd this article explains how to get personalization on your website:How to personalize your credit union website & increase member engagement Most credit union websites are one-size-fits-all experiences: one experience is designed for all visitors. But that approach inevitably leads to irrelevant interactions with website users because each individual is unique, and people visit credit union websites for hundreds of different reasons. What makes more sense is to create a credit union website design that adapts for each visitor based on data about the user.Who are your users?There are probably hundreds of different persona groups that use your site on a regular basis. But on a high level, credit union website users consist of three major groups: First-Timers, Shoppers, and Login-ers.First-TimersAs the name implies, First-Timers are people who are visiting your website for the first time. They are probably nonmembers who are researching financial products and services.ShoppersA Shopper is a person returning to your website after showing interest in a product or service on a previous visit. For instance, let’s say a Shopper perused the auto loan page during her last session on your website. Therefore, her browsing behavior suggests she probably wants to buy a car. Login-ersA Login-er is a person returning to your website after logging into online banking on a previous visit. What is personalization?Personalization is simple and can increase engagement with your website by 31%. Here’s the gist: if someone shows interest in an auto loan, then show them more stuff about auto loans. That’s it. It just makes sense. All you have to do is apply this concept to each of the personas you want to target (like the three groups I already identified above). The real trick is to display the personalized content in real-time, which can be done with personalization software.Example of personalization on HFSFCU.orgBelow is an example of personalization being used within a real credit union website design on HFSFCU.org.Let’s say a woman—let’s call her Rebecca—goes to HFSFCU.org and visits the auto loan page:last_img read more