RCM Thermal Kinetics launches NEXT program, enhancing ethanol production efficiency and capacity with minimal disruption to existing operations.
Quiver AI Summary
RCM Thermal Kinetics, a division of RCM Technologies, has launched a new program called New Ethanol eXpansion Technology (NEXT), aimed at enhancing the efficiency and production capacity of ethanol plants without the need for costly equipment replacements. As global fuel ethanol consumption is expected to increase significantly, the NEXT program offers a sustainable solution to help producers boost profitability by over 20% additional production annually for existing facilities. The program integrates advanced engineering concepts with strategic equipment upgrades to improve operational efficiency while allowing for implementation during short plant turnarounds to avoid disruption. According to David Loschiavo, General Manager of RCM Thermal Kinetics, NEXT represents a major advancement for ethanol producers looking for cost-effective expansion solutions, ultimately supporting both financial success and environmental sustainability in the biofuels industry.
Potential Positives
- RCM Thermal Kinetics launched the New Ethanol eXpansion Technology (NEXT) program, aimed at enhancing production capacity and energy efficiency for ethanol plants.
- NEXT technology enables existing ethanol plants to increase production by over 20% annually without major equipment replacement, offering a significant boost to profitability.
- The program supports ethanol producers in meeting the anticipated 173% growth in international fuel ethanol consumption by providing a cost-effective path to expansion.
- NEXT can be implemented with minimal disruption during short-duration plant turnarounds, ensuring continuous production and operational efficiency.
Potential Negatives
- The press release prominently features forward-looking statements about the company’s technology and market potential but includes significant disclaimers about the inherent risks and uncertainties that could lead to actual results differing materially from the projections.
- While the NEXT program is positioned as an innovative solution, there is no disclosure of any existing contracts or customer commitments, raising concerns about its practical adoption and market reception.
- The language used in the press release appears overly optimistic and may set unrealistically high expectations for stakeholders, which could lead to disappointment if results do not materialize as anticipated.
FAQ
What is the New Ethanol eXpansion Technology (NEXT)?
NEXT is an innovative program aimed at enhancing production capacity and energy efficiency in ethanol plants without major equipment replacement.
How can NEXT benefit ethanol producers?
NEXT enables significant production increases and operational efficiencies, supporting stronger profitability while minimizing disruptions and costs during implementation.
What are the expected outcomes of implementing NEXT?
Plants can unlock over 20% additional production annually, significantly boosting output while maintaining production schedules during turnarounds.
How does NEXT align with environmental sustainability?
NEXT supports eco-conscious practices by improving efficiency and productivity in the biofuels industry, contributing to a more sustainable future.
Who developed the NEXT technology?
NEXT was developed by chemical engineers at RCM Thermal Kinetics, leveraging advanced engineering concepts from the refining industry.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$RCMT Insider Trading Activity
$RCMT insiders have traded $RCMT stock on the open market 5 times in the past 6 months. Of those trades, 0 have been purchases and 5 have been sales.
Here’s a breakdown of recent trading of $RCMT stock by insiders over the last 6 months:
- MICHAEL SAKS (Division President, HC Srvs.) has made 0 purchases and 5 sales selling 10,000 shares for an estimated $235,006.
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$RCMT Hedge Fund Activity
We have seen 23 institutional investors add shares of $RCMT stock to their portfolio, and 36 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- ALTA FOX CAPITAL MANAGEMENT, LLC removed 65,019 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $1,318,585
- JANE STREET GROUP, LLC removed 30,455 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $617,627
- UBS GROUP AG removed 30,239 shares (-96.3%) from their portfolio in Q3 2024, for an estimated $613,246
- TWO SIGMA ADVISERS, LP added 30,200 shares (+93.5%) to their portfolio in Q3 2024, for an estimated $612,456
- MILLENNIUM MANAGEMENT LLC removed 26,401 shares (-32.4%) from their portfolio in Q3 2024, for an estimated $535,412
- CONNOR, CLARK & LUNN INVESTMENT MANAGEMENT LTD. added 20,970 shares (+inf%) to their portfolio in Q3 2024, for an estimated $425,271
- MARSHALL WACE, LLP added 19,281 shares (+50.2%) to their portfolio in Q3 2024, for an estimated $391,018
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
PENNSAUKEN, N.J., Jan. 23, 2025 (GLOBE NEWSWIRE) -- RCM Technologies, Inc. (NasdaqGM: RCMT), RCM Thermal Kinetics, a division of RCM Technologies, has announced the launch of its innovative New Ethanol eXpansion Technology (NEXT) program. This solution is designed to revolutionize ethanol plant expansion projects by enhancing production capacity and energy efficiency without requiring costly and time-consuming major equipment replacement.
International fuel ethanol consumption is projected to grow by 173% from 2021 through 2030 1 . As this global demand rises, NEXT offers ethanol producers a sustainable and efficient path to increased profitability. Incorporating advanced engineering concepts adapted from the refining industry, NEXT can enable existing ethanol plants to unlock over 20% additional production annually, which, for a plant currently producing 100 million gallons of ethanol per year, would equate to an increase in production of 20 million gallons without major equipment replacement. Developed by chemical engineers with experience and understanding of plant requirements, the program is tailored to meet each facility's individual design and expansion requirements.
The NEXT program offers significant benefits to ethanol producers. Integrating strategic equipment upgrades with a detailed hydraulic balance across critical systems such as distillation, dehydration, and evaporation provides measurable improvements in operational efficiency and plant profitability. The program can be implemented during short-duration plant turnarounds, enabling production schedules to remain uninterrupted while delivering an affordable expansion strategy.
This transformative program aligns with RCM Thermal Kinetics’ mission to advance the biofuels industry through eco-conscious and innovative solutions. By enabling ethanol producers to expand operations with minimal disruption and low implementation costs, NEXT supports business success and environmental stewardship.
“NEXT technology is a major step forward for ethanol producers seeking smarter, faster, and more cost-effective ways to meet growing ethanol demand and expand production,” said David Loschiavo, General Manager, RCM Thermal Kinetics. “By leveraging our patented energy integration technology, we are not only enhancing productivity but also contributing to a more sustainable future for the industry.”
To find out more, please visit: www.rcmt.com/next
Harvesting Efficiency: NEXT Technology Unlocks New Potential for Ethanol Plants
About RCM
RCM Technologies (NasdaqGM: RCMT)
is a business and technology solutions provider with world-class talent in key market segments. We help design, build, and enable the Industries of Tomorrow, Today. Operating at the intersection of resources, critical infrastructure and modernization of industries, RCM is a provider of services in Health Care, Engineering, Aerospace & Defense, Process & Industrial, Life Sciences and Data & Solutions.
www.rcmt.com
.
The statements contained in this release that are not purely historical are forward-looking statements within the Private Securities Litigation Reform Act of 1995. They are subject to various risks, uncertainties, and other factors that could cause the Company’s actual results, performance, or achievements to differ materially from those expressed or implied by such forward-looking statements. These statements often include words such as “may,” “will,” “expect,” “anticipate,” “continue,” “estimate,” “project,” “intend,” “believe,” “plan,” “seek,” “could,” “can,” “should,” “are confident” or similar expressions. In addition, statements that are not historical should also be considered forward-looking statements. These statements are based on assumptions that we have made in light of our experience in the industry, and our perceptions of historical trends, current conditions, expected future developments, and other factors we believe are appropriate in these circumstances. Forward-looking statements include, but are not limited to, those relating to demand for the Company’s services, expectations regarding our future revenues and other financial results, such as cash flows, our pipeline, and potential project wins, and our expectations for investment and growth in our business. Such statements are based on current expectations that involve several known and unknown risks, uncertainties, and other factors, which may cause actual events to be materially different from those expressed or implied by such forward-looking statements. Risk, uncertainties, and other factors may emerge from time to time that could cause the Company’s actual results to differ from those indicated by the forward-looking statements. Investors are directed to consider such risks, uncertainties, and other factors described in documents filed by the Company with the Securities and Exchange Commission, including our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. The Company assumes no obligation (and expressly disclaims any such obligation) to update any forward-looking statements contained in this release as a result of new information or future events or developments, except as may be required by law.
For any media queries, please contact:
Shreyasi Bhaumik
BCM Public Relations Ltd.
E:
[email protected]
T: +44 (0) 20 3965 7410
RCM Technologies, Inc. | Tel: 856.356.4500 | Corporate Contacts: |
2500 McClellan Avenue | [email protected] | Bradley S. Vizi |
Pennsauken, NJ 08109 | www.rcmt.com | Executive Chairman |
Kevin D. Miller | ||
Chief Financial Officer |
1
https://ers.usda.gov/sites/default/files/_laserfiche/outlooks/105762/BIO-05.pdf?v=13789
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ef77bc3e-eb20-4867-b5f9-7a73c9979c93