Daily Archives: 1, December 2023

TotalEnergies to Divest Minority Stake in South African Natref Refinery to Prax Group

(IN BRIEF) TotalEnergies has revealed its strategy to divest non-core assets by signing an agreement to sell its 36.36% minority stake in the National Petroleum Refiners of South Africa (Natref) to the Prax Group. The Natref refinery, situated in Sasolburg, … Read the full press release

RWE’s Kårehamn Offshore Wind Farm Celebrates 10 Years of Reliable Green Energy Generation

(IN BRIEF) RWE’s Swedish offshore wind farm, Kårehamn, located in the Baltic Sea near the Island of Öland, has marked a decade of successful operation since its commissioning in October 2013. This offshore wind facility consists of 16 turbines, each … Read the full press release

New Study Highlights Soaring Consumer Debt Levels in UK Households

(IN BRIEF) A recent survey conducted by the University of Bristol on behalf of the abrdn Financial Fairness Trust has revealed alarming levels of consumer debt in the majority of UK households. The study found that nearly two-thirds of households … Read the full press release

FlagshipONE: Ørsted’s Carbon-Neutral Shipping Initiative Secures EU-Catalyst Partnership Support at COP28

(IN BRIEF) At COP28, Ørsted announced that its FlagshipONE project, Europe’s largest e-methanol plant, has received support from the EU-Catalyst Partnership, including the European Commission, Breakthrough Energy Catalyst, and the European Investment Bank. This partnership will aid in advancing carbon-neutral … Read the full press release

Rexel Appoints Roger Little as CEO of the USA and USA-Canada Cluster, Enhancing Leadership Team for Electrifying Solutions

(IN BRIEF) Rexel, a global leader in electrical distribution and solutions, has named Roger Little as the Chief Executive Officer (CEO) for the USA and the leader of the USA-Canada cluster, effective from December 18, 2023. Roger Little, who has … Read the full press release

Leading Institutions Join VINCI in Fourth Cycle of Environmental Research

(IN BRIEF) VINCI, in partnership with AgroParisTech, Mines Paris-PSL, and École des Ponts ParisTech, has renewed its commitment to environmental research with a budget of €6 million until 2028. The collaboration aims to address key environmental challenges, including energy efficiency … Read the full press release

Skanska Secures $106M Contract to Construct North Carolina State University’s State-of-the-Art Integrative Sciences Building

(IN BRIEF) Skanska, a leading construction company, has announced a new contract agreement with North Carolina State University for the construction of a cutting-edge integrative sciences building in Raleigh, North Carolina, USA. This project, valued at USD 106 million (approximately … Read the full press release

Sanofi’s CHC Launches Shared Care Collective with Global Experts to Advance Health and Sustainability Initiatives

(IN BRIEF) Sanofi’s Consumer Healthcare business unit (CHC) has introduced the Shared Care Collective, an advisory board consisting of experts from various fields, both internal and external, to bolster sustainability efforts within the CHC business. This initiative aims to foster … Read the full press release

University of Liverpool Researcher Secures Wellcome Trust Career Development Award to Investigate Coronavirus Replication Mechanisms

(IN BRIEF) Dr. Edward Emmott, a researcher at the University of Liverpool, has received the prestigious Wellcome Trust Career Development Award, a highly competitive fellowship. This funding will support Dr. Emmott’s crucial research efforts aimed at gaining a deeper understanding … Read the full press release

Yara Eyde: Pioneering Emission-Free Shipping with Clean Ammonia-Powered Container Ship

(IN BRIEF) Yara Clean Ammonia, North Sea Container Line, and Yara International have collaborated to create the groundbreaking Yara Eyde, the world’s first container ship to be fueled by clean ammonia. This innovative vessel will embark on an emission-free sea … Read the full press release

Green Energy Initiative: Iberdrola and bp pulse’s €1 Billion Plan for High-Speed EV Charging Across Iberia

(IN BRIEF) Iberdrola and bp pulse have officially launched their joint venture, aiming to create an extensive high-speed electric vehicle (EV) charging network in Iberia. The venture plans to invest €1 billion and deploy 5,000 charging points in Spain and … Read the full press release

Vestas Secures 203 MW Wind Turbine Order for Unnamed US Wind Project

(IN BRIEF) Renewable energy company Vestas has recently received a substantial order for 45 V163-4.5 MW wind turbines, totaling 203 MW in capacity, for an undisclosed wind project in the United States. The order encompasses the supply, delivery, and commissioning … Read the full press release

France’s Textile Recycling Revolution: Nouvelles Fibres Textiles Launches Automated Plant

(IN BRIEF) Nouvelles Fibres Textiles, in partnership with Pellenc ST and ANDRITZ, has inaugurated France’s first automated textile recycling plant. This pioneering facility, launched on November 30, 2023, marks a significant step toward a circular economy for textiles. The plant’s … Read the full press release

Vattenfall’s Annika Ramsköld Leads Sustainability Agenda at COP28

(IN BRIEF) Vattenfall, a key player in the European energy transition, is actively participating in COP28, the 28th UN Climate Conference, held from November 30th to December 12th in the United Arab Emirates. Head of Sustainability, Annika Ramsköld, is representing … Read the full press release

Eppendorf’s BioBased Lab Consumables Offer Sustainable Alternatives Powered by Neste

(IN BRIEF) Eppendorf, a laboratory equipment manufacturer, has partnered with Neste, a renewable solutions company, to create Eppendorf Consumables BioBased, a line of lab consumables made from 100% renewable raw materials. These products, including tubes and pipette tips, offer a … Read the full press release

Lagardère Group Announces Key Appointments: Michel Sibony, Gérald-Brice Viret, and Serge Nedjar Assume Special Advisor Roles

(IN BRIEF) Lagardère Group has announced significant leadership appointments, with Michel Sibony appointed as Special Advisor to the Chairman and CEO, focusing on purchasing and performance management, while also maintaining roles in other prominent groups. Gérald-Brice Viret assumes the position … Read the full press release

German Navy’s NH90 Sea Tiger Helicopter Successfully Takes Maiden Flight

(IN BRIEF) In a significant milestone, the NH90 Sea Tiger, destined for the German Navy’s shipborne operations, has completed its inaugural flight at Airbus Helicopters’ Donauwörth site in Germany. This achievement marks a crucial step forward as Airbus Helicopters proceeds … Read the full press release

Nierstichting and NWO Partner to Advance Kidney Transplant Survival

(IN BRIEF) Despite technological advancements, the long-term survival of transplanted kidneys has seen little improvement in the past two decades, with approximately 40% of transplanted kidneys being rejected within ten years. In response, the Nierstichting and NWO are collaborating in … Read the full press release

Marcel Levi Re-elected Vice-President on the Renewed Board of Science Europe

(IN BRIEF) Marcel Levi, NWO board chair, has been re-elected as vice-president on the newly constituted board of Science Europe, a European partnership of research funders and performers. His two-year term will extend until November 2025. Levi was previously a … Read the full press release

Irizar e-mobility Utilizes Recycled Aluminium Produced with Green Hydrogen in Electric Buses

(IN BRIEF) Irizar e-mobility, a Spanish electric vehicle manufacturer, has become the first company to incorporate recycled aluminium produced using green hydrogen into their products. Hydro Extrusions, their supplier, produced the recycled aluminium in Navarra, Spain, using green hydrogen, which … Read the full press release

Kapsch TrafficCom AG Reports Voting Rights and Share Capital Changes Following Capital Increase

(IN BRIEF) Kapsch TrafficCom AG, in accordance with the Austrian Stock Exchange Act, has disclosed that as of the end of November 2023, the total number of voting rights stands at 14,300,000, matching the company’s share capital of EUR 14,300,000.00. … Read the full press release

GTT and COSCO Shipping (Qidong) Offshore Ink Deal for Offshore LNG Technology Construction

(IN BRIEF) Paris-based GTT has entered into a Technical Assistance and License Agreement (TALA) with COSCO Shipping (Qidong) Offshore, a subsidiary of China COSCO Shipping Corporation Limited. Under this agreement, COSCO Shipping (Qidong) Offshore gains the rights to construct GTT’s … Read the full press release

Wereldhave Secures USD 50 Million US Private Placement Notes in Debt Funding Deal

(IN BRIEF) Wereldhave, a real estate investment company, has signed an agreement with US institutional investors to issue US Private Placement notes (USPP) worth USD 50 million with a seven-year tenor. This transaction follows a similar one in July 2023 … Read the full press release

EDF Advances Global Nuclear Ambitions at World Nuclear Exhibition

(IN BRIEF) EDF has taken significant steps in advancing its global nuclear ambitions, submitting a technical and commercial proposal for a new nuclear program in Slovenia using EPR technology, aiming to support the construction of two EPR1200 units or one … Read the full press release

EBRD Funds Boost Access to Finance for Women-Led SMEs in Armenia

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) is providing a $10 million loan to Acba Bank, a prominent Armenian bank, with support from the European Union (EU) and Sweden. This funding will specifically target women-led small and … Read the full press release

EBRD Approves New Strategy Focusing on Sustainable Mining for Green and Digital Transition

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has unveiled a new mining sector strategy outlining its priorities until 2029. Recognizing the mining industry’s pivotal role in developing environmentally friendly economies in line with the Paris Agreement, the … Read the full press release

EBRD’s Renewable Energy Programme Fuels Transition from Fossil Fuels to Clean Power

(IN BRIEF) The power sector is undergoing a vital transformation to meet climate goals by shifting towards carbon-free electricity production. The European Bank for Reconstruction and Development (EBRD) is actively contributing to this transition through its Renewable Energy Programme, particularly … Read the full press release