CNX Unveils Appalachia-Targeted Imaginative and prescient for the Future

Technique leverages the corporate’s native legacy, new decarbonization applied sciences, and low price, decrease emissions property to catalyze regional development alternatives

PITTSBURGH, Dec. 12, 2022 /PRNewswire/ — Immediately CNX Sources Corp. (NYSE: CNX) launched “Appalachia First,” its imaginative and prescient for the long run which pulls on the corporate’s regional management, core operational strengths, and progressive enterprise mannequin.

Because the area’s premier low carbon intensive pure fuel growth, know-how, and functions firm, CNX is uniquely positioned to assist revolutionize Appalachia, one of many world’s most vitality considerable areas, into an vitality, manufacturing, and know-how hub of the long run.

CNX President and CEO Nick DeIuliis mentioned, “The nation and world are waking as much as stark vitality realities: vitality shortage, deterioration of our energy grid, and vitality inflation stoking wider inflation. Coverage usually depends too closely on functions corresponding to wind, photo voltaic, and electrical autos that may current giant life cycle carbon footprints, require provide chains stretching 1000’s of miles, are expensive, and face critical challenges when scaling in areas like Appalachia. If we do not get vitality and local weather insurance policies proper, our financial competitiveness might be stifled, the atmosphere might be worse off, and we’ll find yourself enabling our adversaries to wage struggle and forcing leaders to barter vitality provides from dictators and despots.”

Mr. DeIuliis continued, “There’s a higher, easier, and extra logical approach. Appalachia might be the launchpad to a extra environment friendly and sustainable future catalyzed by decrease carbon depth pure fuel. This proud area and its individuals needs to be the answer to ship dependable and reasonably priced vitality – our area’s considerable vitality assets can and have to be used extra successfully to prioritize the advance of the human situation, the atmosphere, the nation, and the world. In different phrases, put our native communities first and watch what occurs. We consider the strategic approaches built-in all through this imaginative and prescient signify a transparent roadmap to rework key sectors of our financial system and workforce whereas additionally altering the world for the higher.”

Particularly, Appalachia First is rooted in three key goals:

• Leverage CNX’s and Appalachia’s pure fuel alternative by bolstering all sectors of the financial system by means of decrease price, decrease emission, and regionally produced pure fuel. 
• As one of many largest, best, and environmentally sustainable sources of pure fuel on the earth, Appalachia (consisting of Pennsylvania, Ohio, West Virginia, and Virginia) are geared up with the instruments to steer the sustainable revolution touching all sectors of the financial system – together with vitality, manufacturing, know-how, and transportation.
• Develop and deploy a brand new wave of progressive applied sciences and improve native communities by utilizing pure fuel product derivatives for vertical market development.
• Mixed with new know-how and spinoff merchandise, pure fuel catalyzes a extra sustainable future. CNX and Appalachia can gas new industrial and manufacturing development by means of native pure fuel derivatives by: 
• Utilizing proprietary know-how to vary manufacturing processes for the extraction and supply of pure fuel.
• Capturing and changing GHG into sustainable merchandise and functions.
• Jumpstarting the native hydrogen financial system. 
• Rework the sectors of aviation, plastics, rail, cargo, mass transit, trucking, and fleet and passenger autos by displacing larger carbon fuels with regionally produced pure fuel.
• The U.S. is the world’s largest producer and a web exporter of petroleum and pure fuel merchandise, however we nonetheless import numerous overseas oil that may be supplanted with CNG and LNG to rework the area’s hard-to-abate sectors.

“From our founding greater than 150 years in the past, CNX has a wealthy historical past of innovating and bringing new applied sciences to market to fulfill the evolving vitality wants of Appalachia and the world,” mentioned CNX President of New Applied sciences Ravi Srivastava. “This technique – targeted on sustainably creating new native jobs and financial exercise – embodies our mission of delivering advantages which might be Tangible, Impactful, and Native.”

The complete Appalachia first plan is offered at: https://www.positiveenergyhub.com/appalachia-first

Headquartered simply outdoors of Pittsburgh, the corporate is a number one Marcellus and Utica Shale producer with operations in Ohio, Pennsylvania, Virginia, and West Virginia. As a part of the corporate’s sustainable enterprise mannequin and dedication to ESG excellence in addition to shareholder worth creation, CNX has made strategic investments in various gas ventures in addition to workforce growth coaching, sustainable manufacturing, superior methane abatement practices, and expanded its flagship partnership with the Pittsburgh Worldwide Airport. Study extra at cnx.com/information.

About CNX Sources

CNX Sources Company (NYSE: CNX) is exclusive. We’re a premier, low carbon intensive pure fuel growth, manufacturing, midstream, and know-how firm centered in Appalachia, one of the vitality considerable areas on the earth. With the good thing about a 158-year regional legacy, substantial asset base, main core operational competencies, know-how growth and innovation, and astute capital allocation methodologies, we responsibly develop our assets and deploy free money circulate to create long-term per share worth for our shareholders, staff, and the communities the place we function. As of December 31, 2021, CNX had 9.63 trillion cubic ft equal of proved pure fuel reserves. The corporate is a member of the Normal & Poor’s Midcap 400 Index. Extra info is offered at www.cnx.com.

Cautionary Statements

We’re together with the next cautionary assertion on this press launch to make relevant and make the most of the protected harbor provisions of the Personal Securities Litigation Reform Act of 1995 and another protections afforded underneath relevant federal securities legal guidelines for any forward-looking statements made by, or on behalf of us. Except historic issues, the issues mentioned on this press launch are forward-looking statements (as outlined in 21E of the Securities Alternate Act of 1934 (the “Alternate Act”)) that contain dangers and uncertainties that would trigger precise outcomes to vary materially from projected outcomes. Accordingly, traders shouldn’t place undue reliance on forward-looking statements as a prediction of precise outcomes. These forward-looking statements could embody projections and estimates in regards to the timing and success of particular initiatives and our future manufacturing, revenues, earnings, and capital spending. Once we use the phrases “consider,” “intend,” “anticipate,” “could,” “ought to,” “anticipate,” “might,” “estimate,” “plan,” “predict,” “challenge,” “will,” or their negatives, or different comparable expressions, the statements which embody these phrases are normally forward-looking statements. Once we describe a technique that includes dangers or uncertainties, we’re making forward-looking statements. The forward-looking statements on this press launch communicate solely as of the date of this press launch; we disclaim any obligation to replace these statements. Now we have based mostly these forward-looking statements on our present expectations and assumptions about future occasions. Whereas our administration considers these expectations and assumptions to be cheap, they’re inherently topic to important enterprise, financial, aggressive, regulatory and different dangers, contingencies, and uncertainties, most of that are troublesome to foretell and plenty of of that are past our management. Particular elements that would trigger future precise outcomes to vary materially from the forward-looking statements are described intimately underneath the captions “Ahead-Wanting Statements” and “Danger Components” in our Annual Report on Type 10-Okay for the 12 months ended December 31, 2021 filed with the Securities and Alternate Fee (SEC) and any subsequent stories filed with the SEC. These danger elements focus on, amongst different issues, pricing volatility or pricing decline for pure fuel and NGLs; native, regional and nationwide financial situations and the impression they could have on our clients; the impression of occasions past our management, together with a worldwide or home well being disaster; dependence on gathering, processing and transportation amenities and different midstream amenities owned by others; situations within the oil and fuel business; our present long-term debt obligations, and the phrases of the agreements that govern that debt; strategic determinations, together with the allocation of capital and different assets to strategic alternatives; cyber-incidents focusing on our programs, oil and pure fuel business programs and infrastructure, or the programs of our third-party service suppliers; and modifications in security, well being, environmental and different laws.

SOURCE CNX Sources Company