(IN BRIEF) Rheinmetall has secured a contract from the German Bundeswehr to supply 57 heavy tractor units, known as “SaZgM 70t mil,” for transporting armored vehicles. The order, worth over €50 million, marks the conclusion of a framework contract signed … Read the full press release
(IN BRIEF) Shandong Nanshan Aluminum Co., Ltd has chosen ANDRITZ to supply two continuous heat treatment lines and one continuous process treatment line for their aluminum production in Longkou, Shandong, China. These lines will be used to manufacture aluminum and … Read the full press release
(IN BRIEF) Triton, in partnership with the Triton Smaller Mid-Cap Fund I, has successfully sold Norres Baggerman Group, a leading manufacturer of industrial plastic hoses in Europe, to Nalka DACH Investments SA SICAF-RAIF. The terms of the transaction have not … Read the full press release
(IN BRIEF) KEAS, the largest wood panel producer in Türkiye, has successfully started operations of its new fiber preparation line for Medium Density Fiberboard (MDF) production at its Balikesir mill. Supplied by ANDRITZ, the line has a capacity of 60 … Read the full press release
(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, has announced a significant increase in the estimated oil reserves of the Øst Frigg Beta/Epsilon discovery. The field may contain twice as much oil as previously assumed, with recoverable … Read the full press release
(IN BRIEF) Eni, a global energy company, has launched the HVOlution program to promote the use of HVOlution, their renewable diesel fuel, among their suppliers’ vehicles involved in fuel transportation to Eni Live Stations. This initiative aims to support the … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Italy, Transportation & Logistics
Tagged 100% renewable raw materials, biofuel, CO2 emission reduction, decarbonisation, energy transition, Eni, Eni Live Stations, fuel distribution chain, heavy transport, HVOlution, Italy, vegetable residue, waste raw materials
(IN BRIEF) SEB Greentech Venture Capital has acquired a stake in Esforin, a German company specializing in algorithm-based energy trading solutions. Esforin’s innovative approach optimizes supply and demand in the energy market by allowing customers to inject energy back into … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Sweden, Technology
Tagged algorithm, battery storage, Christian Hövelhaus, electricity customers, energy market, Energy Services for Industry, Esforin, grid, intraday market, Markus Hökfelt, renewable energy, SEB Greentech Venture Capital, trading
(IN BRIEF) Alfa Laval, a leading provider of heat transfer and fluid handling technologies, is making significant progress in the marine industry’s fuel transition by securing a pioneering project for the installation of its methanol solutions on four container vessels … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Sweden, Technology, Transportation & Logistics
Tagged Alfa Laval, decarbonization, FCM Methanol-the low-flashpoint fuel supply system, four-stroke Wärtsilä methanol engines, fuel transition, LFSS, maritime, methanol, vessels, Viktor Friberg, WinGD methanol engine
(IN BRIEF) Covestro, a global provider of polymer materials, emphasizes the need for innovative recycling technologies ahead of the UN conference on plastic pollution. The company has already achieved success with its chemical recycling method and plans to establish a … Read the full press release
Posted in Chemicals, Environment, Germany, Industrial, Management, Science, Technology
Tagged chemical recycling, CIRCULAR FOAM, Covestro, Dr Markus Steilemann, INC-2, mattress foam recycling, novel chemical recycling, OECD, plastic recycling, plastic waste, plastic waste pollution, recycling technologies
(IN BRIEF) RWE, a global renewable energy company, has acquired full ownership of the Nordseecluster, a 1.6-gigawatt cluster of offshore wind farms in the German North Sea. The cluster, consisting of four sites, was previously co-developed with Northland Power, which … Read the full press release
(IN BRIEF) Barclays has announced its investment in Trade Ledger’s working capital orchestration platform, aiming to enhance its working capital finance solutions for corporate clients globally. The partnership will bring industry-leading credit management automation and end-to-end solutions to Barclays Corporate … Read the full press release
Posted in Banks, Business, Financial, Investment, Management, Technology, United Kingdom
Tagged Asset Based Lending, Barclays, credit management automation, credit solutions, Invoice Discounting, James Binns, Martin McCann, Selected Debtor Finance, Trade Ledger, Working capital finance solutions, working capital offering, working capital orchestration platform
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