(IN BRIEF) Henkel Adhesive Technologies, a leader in sustainability, has achieved a major milestone by making its manufacturing sites carbon neutral and sourcing 100% renewable energy. As part of its 2030+ Sustainability Ambition Framework, the company has invested in various … Read the full press release
(IN BRIEF) Lightsource bp, a global leader in renewable energy, has announced the appointment of Adele Ara as the new Chief Technology Officer (CTO) and member of the executive team. Adele has been with the company since 2014, demonstrating her … Read the full press release
(IN BRIEF) Vattenfall proudly announces the completion of turbine installation at the Hollandse Kust Zuid offshore wind farm. After nearly two years of construction, the final turbine has been installed, bringing the total count to 139 out of the originally … Read the full press release
(IN BRIEF) Effective October 1, 2023, BASF will transfer its European direct business for Ultraform® (POM) to its trusted trading partners, ALBIS and Ultrapolymers Group. While the sales process will be handled by ALBIS and Ultrapolymers Group, BASF will continue … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Management
Tagged ALBIS, BASF, engineering plastics, engineering plastics portfolio, polyoxymethylene, POM, Ultraform®, Ultrapolymers Group
(IN BRIEF) BASF has started construction on a polyethylene (PE) plant in Zhanjiang, China. The plant, scheduled to be operational by 2025, will have an annual capacity of 500,000 metric tons of PE. This investment aims to meet the increasing … Read the full press release
Posted in Business, Chemicals, Germany, Industrial, Investment
Tagged BASF, Bejoy Chandran, Bir Darbar Mehta, CHINA, ethylene, films, flexible packaging, PE, pipelines, polyethylene, storage tank, versatile thermoplastic polymer, Zhanjiang
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has granted an €82 million loan to Elektroprivreda Crne Gore a.d. Nikšić (EPCG), Montenegro’s national electricity utility, and Green Gvozd LLC, a special-purpose vehicle (SPV) fully owned by EPCG. The … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, Financial, Industrial, Infrastructure & Utilities, Montenegro
Tagged EBRD, Elektroprivreda Crne Gore a.d. Nikšić, energy transition, EPCG, Green Gvozd LLC, Krešimir Čondić, Milutin Đukanović, Montenegro, Nikola Rovčanin, onshore wind farm, Remon Zakaria, renewable energy
(IN BRIEF) Rheinmetall, a leading provider of automotive solutions, has introduced a plug and play heat pump designed to enhance thermal management in electric vehicles (EVs). The compact and preassembled heat pump offers efficient climate control in the passenger compartment … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and Mastercard Center for Inclusive Growth have announced an expansion of their collaboration on gender equality, small business support, and digital transformation. The Memorandum of Understanding (MoU) between the organizations … Read the full press release
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has launched a program to modernize Türkiye’s maritime sector and promote green investments and climate mitigation technologies. Developed in collaboration with the Turkish Ministry of Transport and Infrastructure and the … Read the full press release
Posted in Banks, Energy, Gas & Oil, Environment, European Union, Financial, Industrial, Investment, Turkey
Tagged climate mitigation, EBRD, EU, European Union, green investments, low-carbon economy, maritime, Nikolaus Meyer Landrut, Sue Barrett, The Maritime Decarbonisation and Green Shipping Programme, Türkiye
(IN BRIEF) Michelin has announced its agreement to acquire Flex Composite Group (FCG) for an enterprise value of €700 million. FCG is a European leader in engineered fabrics and films, serving industries such as marine, supercars, electric vehicles, sports, and … Read the full press release
Posted in Automotive, Business, Chemicals, France, Industrial, Investment, Management
Tagged acquisition, engineered fabrics, FCG, films, Flex Composite Group, IDI, Michelin, polymer composite solutions
(IN BRIEF) Rolls-Royce has announced the commencement of testing for its new small gas turbine designed for hybrid-electric flight. The engine is part of a turbogenerator system developed for the Advanced Air Mobility market, catering to applications like eVTOL aircraft … Read the full press release
Posted in Aviation & Aerospace, Electronics & Machinery, Industrial, Technology, Transportation & Logistics, United Kingdom
Tagged advanced air mobility, Commuter Aircraft, electrical vertical take-off and landing, eVTOL, eVTOL Aircraft, hybrid-electric flight, Olaf Otto, Rolls-Royce, small gas turbine, turbogenerator system, urban air mobility
(IN BRIEF) TotalEnergies is responding to the increasing demand for sustainable aviation fuel (SAF) by investing in multiple SAF production projects. By 2028, the company aims to produce half a million tons of SAF, meeting the European SAF blending mandate. … Read the full press release
(IN BRIEF) Saab’s Arexis sensor suite has been selected as the preferred solution for the German Eurofighter Electronic Warfare (EW) variant by Germany’s defence procurement office (BAAINBw). This follows Germany’s plan to equip 15 Eurofighters for EW missions. Saab’s Arexis … Read the full press release
Posted in Business, Defence, Germany, Industrial, Sweden, Technology
Tagged Anders Sjöberg, Arexis, artificial intelligence, BAAINBw, electronic warfare, German Eurofighter, Helsing, Saab, sensor
(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has announced the winner of the EBRD Literature Prize 2023. “The Lake” by Bianca Bellová, translated from Czech into English by Alex Zucker and published by Parthian Books, emerged as … Read the full press release
Posted in Art & Culture, Banks, Entertainment, Financial, Media, United Kingdom
Tagged Alex Zucker, Alex Zucker Toby Lichtig, And Other Stories, Arkady Ostrovsky, Author Bianca Bellová, Bianca Bellová, EBRD, EBRD Literature Prize 2023, Fitzcarraldo Editions, Jennifer Croft, literary fiction, Luke Leafgren, Maya Jaggi, Mister N, Najwa Barakat, Natasha Randall, Odile Renaud-Basso, Olga Tokarczuk, Parthian Books, The Books of Jacob, The Lake, Toby Lichtig
(IN BRIEF) The European Investment Bank (EIB) and the Ministry of Foreign Affairs in Mexico have signed a declaration of intent to strengthen their strategic partnership on financing sustainable development in Mexico. The agreement aims to provide appropriate and affordable … Read the full press release
Posted in Banks, European Union, Financial, Investment, Luxembourg
Tagged Andrés Manuel López Obrador, BANCOMEXT, BANOBRAS, Carmen Moreno Toscano, CFE, CONAGUA, EIB, EU-Mexico partnerships, European Commission, European Investment Bank, Federal Electricity Commission, Kristin Lang, Lithium for Mexico, LITIO MX, Mexico, Mexico City, Nacional Financiera SNC, NAFIN, National Bank of Foreign Trade, National Bank of Public Works and Services, National Water Commission, Plan Sonora, Ursula von der Leyen
(IN BRIEF) Hydro, a global aluminium supplier, has signed a letter of intent to collaborate with SolarDuck and subsidiaries of Tenaga Nasional Berhad (TNB) on an offshore floating solar energy project in Malaysia. The partnership aims to advance offshore floating … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Metals and Minerals, Norway
Tagged aluminium, Hydro, Malaysia, offshore floating solar, offshore floating solar energy, Paul Warton, renewable energy, SolarDuck, SolarDuck offshore floating solar plant, Tenaga Nasional Berhad, TNB, TNB Renewables Sdn Bhd, TNB Research Sdn Bhd
(IN BRIEF) Michelin Group has acquired full ownership of ASM Clermont Auvergne, a renowned rugby club. The acquisition aims to ensure the club’s continuity and guide its transformation. Michelin shares the club’s ambition to restore its athletic goals while improving … Read the full press release
Posted in Automotive, France, Sports
Tagged ASM Clermont Auvergne, Benoît Vaz, Jean-Claude Pats, professional rugby, sports, The Michelin group, Yellow Army
(IN BRIEF) Barclays has announced the appointment of Yuri Shakhmin as a Managing Director in the Global Industrials Group within its Investment Banking division. Shakhmin’s extensive experience and track record in advising industrial clients make him a valuable addition to … Read the full press release
(IN BRIEF) DHL Express Finland has announced the construction of a new logistics center at Helsinki-Vantaa Airport. The facility, with an investment of approximately €100 million, will serve as the central hub for all incoming and outgoing Express shipments in … Read the full press release
(IN BRIEF) Crédit Agricole Payment Services (CAPS) has appointed Philippe Marquetty as the Chief Executive Officer, effective from June 16, 2023. Marquetty, who joins the Management Committee of Crédit Agricole S.A., brings extensive experience in financial institutions and the payments … Read the full press release
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