Monthly Archives: June 2023

Stellantis and Galloo Set to Launch Joint Venture for Sustainable Vehicle Recycling

(IN BRIEF) Automaker Stellantis and metals recycler Galloo have signed an MoU to enter exclusive negotiations for a joint venture focused on End-of-Life Vehicle (ELV) recycling. The joint venture will collaborate with selected Authorized Treatment Facilities to collect ELVs, recover … Read the full press release

SSAB and Fortum Collaborate on FEED Study for Fossil-Free Sponge Iron Production in Finland

(IN BRIEF) Steel manufacturer SSAB and energy company Fortum are collaborating on a FEED (Front-End Engineering Design) study to investigate the potential for producing hydrogen-reduced sponge iron on an industrial scale in Raahe, Finland. This initiative is an extension of … Read the full press release

Increasing Popularity of MAN Lion’s City E: MAN Truck & Bus Leads the Transition to E-Mobility

(IN BRIEF) MAN Truck & Bus is driving the transition to sustainable mobility with its popular all-electric city buses, the MAN Lion’s City E. These buses have gained popularity across Europe for their reliability, range, and comfort. More public transport … Read the full press release

Syngenta Unveils EQUENTO®: Innovative Seed Treatment for Enhanced Crop Protection and Soil Biodiversity

(IN BRIEF) Syngenta Crop Protection has introduced EQUENTO®, a novel seed treatment that offers effective control of soil pests while promoting farm sustainability. EQUENTO® is based on Syngenta’s PLINAZOLIN® technology and provides precise control of a broad range of pests, … Read the full press release

Report Reveals Record £17.2 Billion NHS Spending on Prescription Medicines in England

(IN BRIEF) According to an independent report, the cost of prescription medicines to the NHS in England reached a record high of £17.2 billion in the financial year 2021-2022. The report reveals that NHS spending on branded medicines has been … Read the full press release

Bayer and Acuitas Therapeutics Join Forces for Targeted Gene Editing Delivery

Not intended for U.S. and UK Media (IN BRIEF) Bayer AG has partnered with Acuitas Therapeutics, Inc. to enhance its gene therapy portfolio. Acuitas’ lipid nanoparticle (LNP) delivery technology will enable targeted and efficient delivery of gene editing RNA components … Read the full press release

Credit Suisse Shares to be Delisted Following UBS Acquisition

Ad hoc announcement pursuant to Article 53 of the SIX Exchange Regulation Listing Rules (IN BRIEF) UBS Group AG has announced its acquisition of Credit Suisse Group AG in a deal that is expected to be completed by June 12, … Read the full press release

Hajj Minister meets EU ambassadors to Saudi Arabia

Within the framework of the “Bridges” initiative, the Saudi Minister of Hajj and Umrah, Tawfiq Al Rabiah, met with ambassadors from EU countries in Saudi Arabia (IN BRIEF) The Saudi Minister of Hajj and Umrah, Tawfiq Al Rabiah, held a … Read the full press release

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

Bayer and Cedilla Therapeutics Partner to Develop Targeted Cancer Therapies

Not intended UK Media (IN BRIEF) Bayer and Cedilla Therapeutics have entered into an exclusive license agreement to develop and commercialize Cedilla’s CyclinE1/CDK2 complex inhibitors for precision oncology. These inhibitors target oncogenic drivers and offer a unique method of action, … Read the full press release

Vaisala Xweather’s Lightning Detection Network Turns 40, Decreasing Lightning-Related Deaths in the U.S.

(IN BRIEF) Vaisala Xweather is celebrating the 40th anniversary of its U.S. National Lightning Detection Network (NLDN), which has been instrumental in protecting Americans from lightning hazards. Over the past four decades, lightning-related deaths in the United States have decreased … Read the full press release