Daily Archives: 27, September 2023

Avedøre Power Station Partners with Ørsted for Innovative Carbon Capture and Storage Project

(IN BRIEF) Avedøre Power Station, located south of Copenhagen and operated by Ørsted, is embarking on an ambitious carbon capture and storage (CCS) initiative as part of its transition to greener energy sources. The power station, which has already phased … Read the full press release

Continental Launches AllSeasonContact 2 Tire: Enhanced Efficiency, Safety, and Driving Pleasure

(IN BRIEF) Continental has introduced the AllSeasonContact 2 tire just in time for the fall tire-changing season, promising improved efficiency, safety, and driving enjoyment throughout the year. This new all-weather tire addresses the typical challenges faced by all-season tires, particularly … Read the full press release

Kuehne+Nagel and Capgemini Collaborate to Offer Innovative Supply Chain Orchestration Services

Kuehne + Nagel International AG divests significant non-core assets in the UK

(IN BRIEF) Kuehne+Nagel and Capgemini have entered into a groundbreaking strategic agreement to establish an industry-leading supply chain orchestration service designed to offer comprehensive end-to-end solutions throughout the supply chain network. This strategic partnership aims to help businesses maintain agility … Read the full press release

LEGO Group Appoints Annette Stube as Chief Sustainability Officer to Drive Environmental Initiatives

(IN BRIEF) The LEGO Group has announced the appointment of Annette Stube as its Chief Sustainability Officer, effective from January 1, 2024. Annette, currently serving as the Executive Vice President and Head of Sustainability at Stora Enso, will report directly … Read the full press release

Skanska to Construct Innovative Wooden-Framed Hospital Building in Karlstad, Sweden

(IN BRIEF) Skanska has entered into an agreement with Region Värmland to construct a groundbreaking new reception building at the Central Hospital, CSK, located in Karlstad, Sweden. Valued at approximately SEK 740 million, this contract will be recorded as part … Read the full press release

NIB and Varanger Kraft Collaborate on Green Energy Upgrade and Hydrogen Production in Norway

(IN BRIEF) The Nordic Investment Bank (NIB) has entered into a seven-year loan agreement with Norwegian utility company Varanger Kraft to support the upgrade of their hydrogen facility and the improvement of the electricity distribution network in Norway’s Varanger region. … Read the full press release

Plenitude, Eni’s Renewable Energy Arm, Expands Presence in Kazakhstan with 50 MW Photovoltaic Plant

(IN BRIEF) Plenitude, a subsidiary of Eni focused on renewable energy, has inaugurated its first photovoltaic plant in Kazakhstan near Shaulder village in the Turkistan Region. With an installed capacity of 50 MW, this facility marks Plenitude’s entry into the … Read the full press release

Škoda Teases Next-Gen Kodiaq SUV with Powerful and Emotive Design Elements

(IN BRIEF) Škoda Auto has offered a sneak peek at the exterior design of the upcoming new-generation Škoda Kodiaq, just one week before its world premiere. The sketches reveal a visually striking and modern SUV, showcasing key features such as … Read the full press release

BASF Launches Epispot™, a Sustainable Cosmetic Ingredient for Blemish-Prone Skin, Aligning with the #NoFilter Beauty Trend

(IN BRIEF) BASF Personal Care has introduced Epispot™, a sustainably sourced cosmetic ingredient designed to enhance the beauty and self-confidence of individuals with blemish-prone skin, a common issue affecting people worldwide regardless of gender, age, or ethnicity. Epispot addresses the … Read the full press release

Michelin’s Acquisition of Flex Composite Group Puts It at the Helm of High-Tech Fabric and Film Leadership

(IN BRIEF) Michelin has successfully completed its acquisition of Flex Composite Group (FCG) as part of its Michelin in Motion 2030 strategy, cementing its position as a leader in high-tech engineered fabrics and films. FCG, a European leader in this … Read the full press release

bp to Provide Power Trading and Optimization Services for HEIT’s 80MW Battery Storage Projects in the UK

(IN BRIEF) bp has entered into an agreement with Harmony Energy Income Trust (HEIT) to deliver physical power trading and optimization services for two battery storage projects in the UK. The projects, Hawthorn Pit (49.9MW / 99.8MWh) and Wormald Green … Read the full press release

bp Initiates Construction on 187MW Peacock Solar Project in Texas to Support Clean Energy Transition

(IN BRIEF) bp has commenced construction on the 187MWdc Peacock Solar project, located near Corpus Christi in Texas. This solar installation will generate renewable energy that will be sold to Gulf Coast Growth Ventures (GCGV), a joint venture between ExxonMobil … Read the full press release

Major Investment: Equinor and Ithaca Energy Greenlight $3.8 Billion Rosebank Project on UKCS

(IN BRIEF) Equinor and Ithaca Energy have committed $3.8 billion to Phase 1 of the Rosebank development in the UK North Sea. The project aims to recover around 245 million barrels of oil from the Rosebank field, located approximately 130 … Read the full press release

ING Repurchases Over 6 Million Shares in Latest Phase of €1.5 Billion Share Buyback Program

ING Repurchases Nearly 1.7 Million Shares, Demonstrating Progress in Buyback Initiative

(IN BRIEF) ING has announced that it repurchased a total of 6,053,559 shares during the week of September 18, 2023, through September 22, 2023, as part of its €1.5 billion share buyback program initiated in May 2023. The shares were … Read the full press release

Axel Springer and BILD Receive Nova Innovation Award for Innovative Metaverse Concert Experience with Knossi

(IN BRIEF) Axel Springer and BILD have been honored with the Nova Innovation Award in the “Nova New Business Areas” category for their groundbreaking event experience in the Metaverse Club featuring a live concert by Twitch star and singer Jens … Read the full press release

Equinor and OMV Extend Gas Contract to Enhance European Supply Chain

(IN BRIEF) Equinor has entered into a new five-year gas sales agreement with OMV, Austria’s major energy company. Starting from October 1, this year, the deal involves an annual gas volume of 12 TWh, with delivery to OMV’s European portfolio … Read the full press release

Vienna Stock Exchange Launches Three New Thematic Indices to Reflect Long-Term Investment Trends in Central and Eastern Europe

(IN BRIEF) Vienna Stock Exchange has introduced three new thematic indices to reflect long-term investment trends in the Central and Eastern European (CEE) region. These indices are CECE Reshoring, CECE Commodity Producers, and CECE Clean Energy. CECE Reshoring comprises companies … Read the full press release

GRAHAM and Europa’s Crown Works Development in Birmingham Nears Completion of 203 Private Rental Units

(IN BRIEF) GRAHAM and Europa are progressing in their joint effort to develop 203 new homes for the private rented sector in Birmingham as the Crown Works development reaches its topping-out milestone. These apartments, developed by Xian Developments for Europa, … Read the full press release

TenneT’s DolWin6 Offshore Grid Connection Expands German North Sea Wind Energy Capacity to Over 8 GW

(IN BRIEF) Transmission system operator TenneT has successfully completed the DolWin6 offshore grid connection, adding over eight gigawatts of connection capacity for wind energy in the German North Sea. This marks the 13th German offshore grid connection managed by TenneT … Read the full press release

Swiss Bank Hypothekarbank Lenzburg Embraces Digital Securities via SDX Membership

(IN BRIEF) Hypothekarbank Lenzburg AG has joined SIX Digital Exchange (SDX), enhancing its presence in Switzerland’s digital asset ecosystem. SDX is a regulated financial market infrastructure for digital assets. This collaboration allows Hypothekarbank Lenzburg to explore issuing and listing native … Read the full press release

Cargill and Solidaridad Form $4.6 Million Global Partnership to Enhance Farmer Livelihoods and Sustainable Farming Practices

(IN BRIEF) Cargill and Solidaridad have initiated a strategic global partnership aimed at enhancing the livelihoods of farmers, promoting climate-friendly farming practices, and advancing conservation and responsible land use. Over a three-year period, the $4.6 million program will impact approximately … Read the full press release

Shareholder Value: Neste Declares Second Extraordinary Dividend of EUR 0.25

(IN BRIEF) Neste, a Finnish company, has decided to pay a second extraordinary dividend of EUR 0.25 per share, in addition to the regular dividend approved at its Annual General Meeting in March. The second extraordinary dividend will be paid … Read the full press release

Proptech Pioneer GROPYUS Collaborates with Automation Expert KUKA for Automated Modular Construction

(IN BRIEF) GROPYUS, a proptech firm specializing in sustainable modular construction, and KUKA, an automation specialist, have announced a groundbreaking collaboration to create a fully automated and digitally managed production facility at GROPYUS’s Richen site in Germany. The investment, valued … Read the full press release

ANDRITZ Renews Collaboration with Schönbrunn Zoo to Provide Specially Prepared Bamboo Diet for Giant Pandas

(IN BRIEF) ANDRITZ, a technology group known for processing various fibers in pulp and paper mills worldwide, has renewed its collaboration with Vienna’s Schönbrunn Zoo to provide specially prepared bamboo for the zoo’s giant pandas. In response to a unique … Read the full press release

Dubai Air Navigation Services (dans) Partners with Indra to Pave the Way for Global SWIM System Deployment in Aviation

(IN BRIEF) Dubai Air Navigation Services (dans) has teamed up with Indra Avitech to become one of the pioneers in implementing the SWIM (System Wide Information Management) system. SWIM is an intranet designed to connect all stakeholders in the aviation … Read the full press release

Rheinmetall’s Castings Unit Secures Major Orders for Cylinder Heads and Battery Trays from Top Global Automaker

(IN BRIEF) Rheinmetall’s Castings business unit has received two significant orders, one from a top global automaker based in Shanghai and another from a joint venture of the same company. The orders include cylinder heads and battery trays, with the … Read the full press release

GKN Aerospace’s Malaysia Facility Earns Key Certifications for Engine Parts Repair and Manufacturing

(IN BRIEF) GKN Aerospace’s engine parts repair facility in Johor, Malaysia, has achieved significant certifications, including approvals from international airworthiness authorities such as CAAC, CAAS, and CAA in the UK. Additionally, the facility has obtained Original Equipment Manufacturer (OEM) qualification … Read the full press release

EVBox Livo and EVBox Elvi Chargers Qualify for Irish Government’s EV Home Charger Grant

(IN BRIEF) EVBox, a prominent electric vehicle (EV) charging solutions provider, has announced that its EVBox Livo and EVBox Elvi AC charging stations in Ireland are now registered on the Sustainable Energy Authority of Ireland (SEAI) Smart Charger Register. This … Read the full press release

Sener Designs Eco-Friendly Cargo Vessels with Carbon Capture for Grona Shipping

(IN BRIEF) Engineering firm Sener has developed the conceptual and basic engineering for two cargo vessels with carbon capture systems designed for Grona Shipping, a German company operating in the North Sea and Baltic Sea. These vessels, with capacities of … Read the full press release

Empa Develops Innovative Method to Analyze Hazardous Heavy Metals in Batteries

(IN BRIEF) Empa, a Swiss research institute, has created an innovative method for analyzing heavy metals like mercury, lead, and cadmium in batteries, supporting compliance with strict regulations. Batteries, used extensively in various applications, can contain harmful ingredients, and their … Read the full press release

Dunelm Continues 5-Year Tradition of Supporting Loughborough University Students

(IN BRIEF) For the fifth consecutive year, Dunelm has supplied Loughborough University with custom Dunelm starter packs for students in need, featuring bedding and kitchen essentials. These packs aim to ensure a smooth transition to university life by providing students … Read the full press release

EUROGATE and Terminal Investment Extend Partnership for Bremerhaven Terminal until 2048

(IN BRIEF) EUROGATE GmbH & Co. KGaA and Terminal Investment Limited (TiL) have agreed to extend their contract for the joint operation of the container terminal MSC Gate Bremerhaven until 2048. This contract extension, reached a few months before the … Read the full press release

High Number of Maritime Distress Calls Highlights Urgent Need for Data Sharing, Says Inmarsat Report

(IN BRIEF) Inmarsat Maritime’s 2023 “Future of Maritime Safety Report” reveals a concerning trend with a high number of distress calls from ships at sea despite a decline in vessel losses. The report, which analyzed data from the Global Maritime … Read the full press release

Continental Opens State-of-the-Art Training Center in Gifhorn to Shape the Future of Work

(IN BRIEF) Continental, a global technology company, has inaugurated a new training center in Gifhorn, marking its 13th such facility in Germany since launching the Continental Institute for Technology and Transformation (CITT) in 2019. The center’s opening ceremony on September … Read the full press release