Daily Archives: 2, June 2023

EBRD and EIB’s Gjilan Wastewater Project in Kosovo Receives €2.5 Million Grant from WBIF

(IN BRIEF) The Gjilan wastewater development project in Kosovo, co-financed by the EBRD and EIB, has received a €2.5 million grant from bilateral donors through the WBIF. The funds will be used for constructing a wastewater treatment plant and extending … Read the full press release

Multilateral Development Banks Collaborate on Circular Economy Transition at WCEF 2023

(IN BRIEF) Multilateral Development Banks (MDBs) including the AfDB, EBRD, EIB, IDB, and World Bank met at the World Circular Economy Forum (WCEF) 2023 in Helsinki to discuss the circular economy for the first time. They emphasized the role of … Read the full press release

European Investment Bank Grants €6.7 Million to Support Ukrainian Railways Amidst War

(IN BRIEF) The European Investment Bank (EIB) has signed a €6.7 million EU grant agreement with JSC Ukrainian Railways (Ukrzaliznytsia) to support the railway company during Russia’s war against Ukraine. The grant will address the immediate needs of Ukrzaliznytsia as … Read the full press release

SSAB’s Oxelösund Mill to Lead Fossil-Free Steel Production Following Investment Decision

(IN BRIEF) SSAB, a leading steel producer, has made an investment decision for the green transformation of its Oxelösund mill in Sweden. This decision marks a significant step towards SSAB’s goal of producing steel without carbon emissions. The investment will … Read the full press release

Innovative Partnership: Ahlstrom and Terre de Couleur Unveil Biodegradable Hair Cap

(IN BRIEF) Ahlstrom and Terre de Couleur have partnered to introduce a biodegradable and reusable hair cap made from fiber-based materials as an eco-friendly alternative to traditional plastic caps. The cap, utilizing Ahlstrom’s Genuine Vegetable Parchment (GVP) paper, is composed … Read the full press release

Heineken Announces Leadership Changes: Stacey Tank to Depart, Joanna Price to Assume Chief Corporate Affairs Role

(IN BRIEF) Stacey Tank, Chief Transformation and Corporate Affairs Officer at Heineken N.V., has decided to leave the company to rejoin her family in the United States due to her child’s illness. Her role will be taken over by Joanna … Read the full press release

Alstom Appoints Laurent Bazin to Lead Electric Locomotives Assembly Plant in Kazakhstan

(IN BRIEF) Alstom has appointed Laurent Bazin as the General Director for EKZ (Electric Locomotives Assembly Plant) in Astana, Kazakhstan. With extensive experience in supply chain and procurement roles, Laurent has contributed significantly to Alstom over the years. In his … Read the full press release

Alstom Unveils First of 106 New Trainsets for Singapore’s MRT System Upgrade

(IN BRIEF) Alstom has unveiled the first of 106 new trainsets for Singapore’s MRT system upgrade. The trains, part of a major renewal program, will replace older trains that have been in service for nearly 30 years. Manufactured in China … Read the full press release

Alstom Secures €667 Million Contract to Deliver Customized Streetcars for SEPTA in Philadelphia

(IN BRIEF) Alstom, a leading provider of sustainable mobility solutions, has secured a contract with the Southeastern Pennsylvania Transportation Authority (SEPTA) to deliver 130 fully customized low-floor electric streetcars. The contract is valued at over €667 million ($718.2 million) and … Read the full press release

Outokumpu Spearheads Circular Economy Transformation in Steel Industry with Inner Circle Initiative

(IN BRIEF) Outokumpu, a leading stainless steel manufacturer, has launched a groundbreaking initiative called Outokumpu Inner Circle to strengthen the circular economy in Europe. The program, unveiled at the World Circular Economy event in Helsinki, aims to create a closed … Read the full press release