Daily Archives: 15, September 2023

BASF Collaborates with Partners to Promote Sustainable Palm Oil Production in Indonesia

(IN BRIEF) BASF, in partnership with a natural cosmetics company and Indonesian non-profit organization Kaleka, is supporting sustainable palm and palm kernel oil production in Indonesia. The project, implemented by Kaleka, follows a jurisdictional approach, aiming to promote sustainable land … Read the full press release

EU-Funded CommuniCity Launches its Second Open Call

(IN BRIEF) The CommuniCity project, funded by the European Union, has launched its Second Open Call to address various challenges faced by marginalized communities in European cities. Building on the success of its First Open Call, the project has expanded … Read the full press release

BASF Calculates Product Carbon Footprints for Key Nutrition Products, Outperforming Global Market Averages

(IN BRIEF) BASF, a leading chemical company, has calculated the Product Carbon Footprints (PCFs) for several key products in the human and animal nutrition markets, including vitamins, carotenoids, beverage processing polymers, feed enzymes, and feed performance ingredients. These PCFs represent … Read the full press release

BAE Systems Enhances TWV640 Thermal Camera Core for Enhanced Imaging Capabilities

(IN BRIEF) BAE Systems has introduced advanced features for its TWV640 thermal camera core, which is used in a wide range of applications, including security, surveillance, firefighting, and automotive cameras. The core now includes improvements such as contrast enhancement, a … Read the full press release

BAE Systems’ FalconWorks Partners with Hybrid Air Vehicles to Explore Advanced Intelligence Gathering Technologies

(IN BRIEF) BAE Systems’ FalconWorks division has signed a Memorandum of Understanding (MoU) with Hybrid Air Vehicles to explore innovative ways of gathering intelligence and communication. FalconWorks also announced a framework agreement with QinetiQ for collaborative work on autonomous Uncrewed … Read the full press release

BAE Systems and Larsen & Toubro Partner to Introduce All-Terrain Vehicle ‘BvS10-Sindhu’ to Indian Armed Forces

(IN BRIEF) BAE Systems and Larsen & Toubro (L&T) have entered into a licensing and manufacturing agreement to introduce the BvS10 all-terrain vehicle to the Indian market. The vehicle, named BvS10-Sindhu for the Indian Armed Forces, has been upgraded to … Read the full press release

Siemens to Build Electric Bus Charging Infrastructure in Germany, Aiding Emission Reduction

(IN BRIEF) Siemens has secured two significant orders to establish electric bus (e-bus) charging infrastructure in two German cities, Hamburg and Saarlouis. In Hamburg, Siemens will continue to support Hamburger Hochbahn AG, one of the country’s largest public transport companies, … Read the full press release

LG Chem and Eni Explore Biorefinery Partnership to Produce Sustainable Fuels and Plastics in South Korea

(IN BRIEF) LG Chem, South Korea’s leading chemicals producer, and Italian energy group Eni Sustainable Mobility have announced their joint exploration of developing and operating a new biorefinery at LG Chem’s Daesan chemical complex in South Korea. The project aims … Read the full press release

AB Electrolux Appoints Nomination Committee for 2024 Annual General Meeting

(IN BRIEF) AB Electrolux has announced the appointment of the Nomination Committee for its Annual General Meeting (AGM) in 2024. As per the AGM’s decision, the Nomination Committee will consist of six members. Four of these members are chosen by … Read the full press release

GSK and Save the Children Extend Partnership to Boost Child Vaccination Rates in Ethiopia and Nigeria

(IN BRIEF) Pharmaceutical company GSK and international non-profit organization Save the Children have renewed their partnership for another five years, with GSK committing £15 million to the initiative. The collaboration will primarily focus on increasing child vaccination rates and reducing … Read the full press release

thyssenkrupp Unveils Decarbon Technologies Segment to Lead the Green Transition

(IN BRIEF) Industrial and technology company thyssenkrupp is undergoing a significant transformation, reorganizing its portfolio to create the “Decarbon Technologies” segment, set to launch on October 1, 2023. This new segment will consolidate key technologies for decarbonizing industries, such as … Read the full press release

Rheinmetall Unveils HX ANACONDA Bridge-Laying System for Crisis Response and Disaster Relief

(IN BRIEF) Rheinmetall, a German technology group, is introducing the HX ANACONDA wheeled bridge-laying system at the FIREmobil show in Welzow, Germany. This versatile solution, consisting of the Anaconda bridge-laying system from General Dynamics European Land Systems and an HX … Read the full press release

Vattenfall Secures Right to Develop 630 MW Nordlicht II Offshore Wind Project in German North Sea

(IN BRIEF) Vattenfall, a leading energy company, has exercised its right of entry to develop the N-6.6 offshore wind power project, also known as “Nordlicht II,” off the German North Sea coast. This decision comes as part of the tender … Read the full press release

Grain LNG Initiates Auction for 9 Million Tonnes of Existing Capacity to Bolster Europe’s Energy Security

(IN BRIEF) Grain LNG, Europe’s largest liquefied natural gas (LNG) terminal, has launched an auction for 375 GWh/d (approximately 9 million tonnes per annum) of existing capacity. Running from September 14 to November 23, 2023, this initiative, comprising three capacity … Read the full press release

EIB and Deutsche Bank Forge €600 Million Agreement to Bolster Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EBRD Invests €4.6 Million to Enhance Public Transport and Street Lighting in Moldova’s Balti

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is extending a €4.6 million loan to the city of Balti in Moldova to support the enhancement of public transport and street lighting infrastructure. This investment, totaling €7 million, will … Read the full press release

EBRD Provides $20 Million Loan to Boost Egypt’s Agribusiness Sector through Afia International

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is bolstering Egypt’s agribusiness sector with a $20 million loan to Afia International, a prominent manufacturer of edible vegetable oils and ghee in the country. This financing will primarily support … Read the full press release

EIB and COFINA Partner to Advance Sustainable Agricultural Value Chains in Côte d’Ivoire and Senegal with €26.8 Million Funding

(IN BRIEF) Compagnie Financière Africaine (COFINA) in Côte d’Ivoire and Senegal, in collaboration with the European Investment Bank (EIB) and European Commission support, have signed a memorandum of understanding to promote the development of sustainable agricultural value chains. This agreement … Read the full press release

EIB Funds State-of-the-Art Children’s Hospital in Burgas, Bulgaria, Pioneering 21st Century Healthcare

(IN BRIEF) The European Investment Bank (EIB) has signed a €12.8 million loan agreement with the Municipality of Burgas in Bulgaria to co-finance the construction of a specialized children’s hospital. This modern facility, equipped with zero-emission technologies, aims to provide … Read the full press release

EIB and Deutsche Bank Collaborate to Inject €600 Million into Italian SMEs and Mid-Caps

(IN BRIEF) A substantial financial boost of nearly €600 million is set to invigorate Italy, as the EIB Group, comprised of the European Investment Bank (EIB) and European Investment Fund (EIF), partners with Deutsche Bank. This initiative aims to support … Read the full press release

EIB and Enefit Green Partner to Fund €180 Million Wind Farm in Estonia

(IN BRIEF) Enefit Green and the European Investment Bank (EIB) have inked a €180 million financing deal to support the construction of Estonia’s Sopi-Tootsi onshore wind farm, boasting a 255-megawatt capacity with 38 wind turbines. This strategic collaboration will significantly … Read the full press release