DEERFIELD, Ill., Sept. 10, 2021 /PRNewswire/ — Caterpillar Inc. (NYSE:CAT) has acquired Increased Power Team, Inc. functioning as “CarbonPoint Options,” a U.S.-based mostly carbon seize technologies business. Headquartered in Rhode Island, CarbonPoint Solutions gives technological know-how to focus and capture CO2 for utilization or sequestration.
Carbon seize techniques applying CarbonPoint Solutions’ patented procedures can be used to engines and turbines at oil and gas web sites, dispersed energy and industrial vegetation and waste-to-energy internet sites.
“Combining CarbonPoint Solutions’ patented technology with Caterpillar Oil & Fuel methods permits us to even more lower greenhouse gas emissions whilst helping our consumers fulfill their climate-related goals,” explained Rod Shurman, vice president of Caterpillar’s Oil & Gasoline and Maritime Division.
“We are really happy to be part of Caterpillar and look ahead to speedy deployment of the Semi-Shut Cycle and carbon seize for Cat engines and Solar fuel turbines,” said Paul Dunn, president and founder of CarbonPoint Remedies.
Caterpillar is committed to contributing to a minimized-carbon foreseeable future. We exhibit this in many methods which includes our ongoing financial investment in new products, systems and expert services to help our consumers obtain their weather-associated aims as they make a far better, far more sustainable environment.
With 2020 sales and revenues of $41.7 billion, Caterpillar Inc. is the world’s leading maker of design and mining gear, diesel and all-natural gasoline engines, industrial gasoline turbines, and diesel-electrical locomotives. Due to the fact 1925, we have been driving sustainable progress and serving to buyers establish a much better world by way of ground breaking merchandise and companies. Throughout the solution everyday living cycle, we provide services constructed on chopping-edge technological know-how and a long time of product know-how. These goods and expert services, backed by our global dealer community, give exceptional value to enable our consumers be successful. We do business on each and every continent, principally functioning as a result of a few primary segments – Development Industries, Source Industries, and Electricity & Transportation – and giving financing and associated products and services via our Economical Products and solutions section. Take a look at us at caterpillar.com or be a part of the discussion on our social media channels at caterpillar.com/social-media.
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Caterpillar’s real outcomes may well differ materially from individuals explained or implied in our forward-on the lookout statements based on a selection of variables, like, but not limited to: (i) global and regional economic situations and economic ailments in the industries we provide (ii) commodity cost alterations, product selling price improves, fluctuations in need for our items or important shortages of product (iii) government monetary or fiscal guidelines (iv) political and financial challenges, commercial instability and functions beyond our management in the countries in which we operate (v) worldwide trade procedures and their affect on demand from customers for our items and our competitive posture, such as the imposition of new tariffs or changes in present tariff fees (vi) our capability to create, produce and current market quality items that satisfy our customers’ demands (vii) the effect of the hugely aggressive setting in which we function on our gross sales and pricing (viii) details technological innovation protection threats and pc criminal offense (ix) stock administration conclusions and sourcing procedures of our sellers and our OEM buyers (x) a failure to recognize, or a delay in acknowledging, all of the anticipated added benefits of our acquisitions, joint ventures or divestitures (xi) union disputes or other staff relations difficulties (xii) adverse results of unexpected activities (xiii) disruptions or volatility in worldwide monetary markets restricting our resources of liquidity or the liquidity of our customers, dealers and suppliers (xiv) failure to sustain our credit score ratings and potential ensuing raises to our cost of borrowing and adverse outcomes on our value of money, liquidity, aggressive place and access to money marketplaces (xv) our Fiscal Products and solutions segment’s threats involved with the fiscal companies industry (xvi) improvements in interest costs or market place liquidity disorders (xvii) an improve in delinquencies, repossessions or internet losses of Cat Financial’s buyers (xviii) currency fluctuations (xix) our or Cat Financial’s compliance with fiscal and other restrictive covenants in credit card debt agreements (xx) elevated pension strategy funding obligations (xxi) alleged or true violations of trade or anti-corruption regulations and laws (xxii) more tax expenditure or exposure, which include the effect of U.S. tax reform (xxiii) major lawful proceedings, claims, lawsuits or federal government investigations (xxiv) new rules or adjustments in economical services polices (xxv) compliance with environmental legislation and restrictions (xxvi) the length and geographic distribute of, enterprise disruptions brought about by, and the total world economic effects of, the COVID-19 pandemic and (xxvii) other elements described in more detail in Caterpillar’s Types 10-Q, 10-K and other filings with the Securities and Trade Commission.
A reconciliation of non-GAAP fiscal information and facts can be located in our push launch describing 2nd-quarter 2021 monetary effects which is offered on our web-site at www.caterpillar.com/earnings.
Resource Caterpillar Inc.