Daily Archives: 30, January 2024

CEOs Express Confidence in Revenue Growth and M&A Opportunities Amidst Global Economic Challenges

(IN BRIEF) According to the latest EY CEO Outlook Pulse survey, global CEOs are optimistic about their ability to drive revenue growth and profitability in 2024, despite acknowledging the prevailing global economic headwinds. The survey of 1,200 CEOs across 21 … Read the full press release

Sustainable Castor Initiative ‘Pragati’ Marks Seven Years of Success in India

(IN BRIEF) Pragati, the pioneering sustainable castor project implemented by Solidaridad in India, has celebrated its seventh year of achievements. With over 7,000 castor farmers certified across 100 villages, the project has entered its third phase with a renewed focus … Read the full press release

DNV’s Expertise Fuels Financing Success for MYTILINEOS S.A.’s Chilean Solar Power Projects

(IN BRIEF) DNV, the independent energy expert and assurance provider, has played a pivotal role in facilitating the successful closure of financing for MYTILINEOS S.A.’s portfolio of solar farm projects in Chile. The portfolio includes the Willka, Doña Antonia, Tocopilla, … Read the full press release

Heidelberg Materials Launches evoBuild, a Global Brand for Sustainable Building Products

(IN BRIEF) Heidelberg Materials has introduced its new global product brand, evoBuild, dedicated to low-carbon and circular construction products. evoBuild products undergo stringent sustainability criteria and are part of the company’s commitment to providing eco-friendly building materials. Notably, Heidelberg Materials … Read the full press release

ING Repurchases Nearly 3.9 Million Shares in Ongoing €2.5 Billion Buyback Program

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

(IN BRIEF) ING has disclosed that it repurchased a total of 3,875,832 shares between January 22 and January 26, 2024, as part of its €2.5 billion share buyback program announced in November 2023. These shares were acquired at an average … Read the full press release

EIF Commits €60 Million to Future Energy Ventures Fund I for Sustainable Energy Innovation

(IN BRIEF) The European Investment Fund (EIF) is investing €60 million in Future Energy Ventures Fund I, a venture capital fund with a €250 million target size, managed by Future Energy Ventures (FEV). This investment is aimed at supporting early-stage … Read the full press release

Swiss Companies Coop and Emmi Unveil Innovative PET Bottles for Dairy Packaging

(IN BRIEF) Coop and Emmi have introduced environmentally friendly PET bottles for selected dairy products, such as milk and cream, as part of their sustainability efforts. These PET bottles are the only plastic food packaging in Switzerland that can be … Read the full press release

EIB Invests €150 Million in Germany’s Lusatia for Social and Green Transformation

(IN BRIEF) The European Investment Bank (EIB) has committed €150 million to the 2038 Lusatia program, aimed at mitigating the socio-economic impact of lignite phase-out and advancing climate neutrality in the region. Collaborating closely with Investitionsbank des Landes Brandenburg (ILB), … Read the full press release

Ocean Winds’ Moray West Wind Farm Powers Amazon’s Renewable Energy Ambitions

(IN BRIEF) Amazon has expanded its commitment to renewable energy by signing a corporate power purchase agreement (CPPA) with ENGIE. This agreement increases Amazon’s share of the energy output from the Moray West offshore wind farm in Scotland to 473MW, … Read the full press release

Outokumpu Oyj repurchased 315,800 own shares as part of its share buyback program

(IN BRIEF) On January 29, 2024, Outokumpu has successfully completed the repurchase of its own shares as part of a share buyback program announced on November 29, 2023. The company repurchased a total of 315,800 shares across different trading venues … Read the full press release

Yuen Foong Yu Enhances Global Competitiveness with State-of-the-Art Tissue Production Line

(IN BRIEF) Taiwanese tissue producer Yuen Foong Yu Consumer Products Co., Ltd. has successfully launched a cutting-edge ANDRITZ PrimeLineCOMPACT tissue production line at its Chingshui mill. This achievement, overseen by Mr. Tang Mingfa, Vice General Manager of Yuen Foong Yu, … Read the full press release

Logicor Expands Its Presence in Italy with Sustainable Warehouse Development in Rolo

(IN BRIEF) Logicor, a prominent player in European logistics real estate, has commenced the construction of a new environmentally conscious warehouse spanning approximately 13,600 sqm at its logistics park in Rolo (RE), Italy. The project, set to be finished by … Read the full press release

TotalEnergies Publishes Third Human Rights Briefing Paper, Reaffirming Commitment to Sustainability and Transparency

(IN BRIEF) TotalEnergies has released the third edition of its Human Rights Briefing Paper as part of its dedication to prioritizing sustainability in its strategy. The paper outlines the company’s commitments to internationally recognized human rights and reference texts, such … Read the full press release

Škoda Auto Enhances Scala and Kamiq Models with New Features and Sustainability Focus

(IN BRIEF) Škoda Auto has commenced production of the updated Scala compact car and Kamiq city SUV at its Mladá Boleslav plant, introducing new equipment features and advanced assistant systems usually reserved for higher vehicle classes. Notably, sustainable materials are … Read the full press release

Eni Achieves ISO 37301 Certification for Robust Compliance Management System

(IN BRIEF) Eni SpA has successfully obtained ISO 37301:2021 certification for its Compliance Management System from Italy’s leading certification body, RINA Services SpA. This recognition reinforces Eni’s commitment to promoting a culture of compliance, ethics, and sustainability within the organization. … Read the full press release

Eni Confirms Construction of Italy’s Third Bio-Refinery in Livorno

(IN BRIEF) Eni has officially confirmed its plan to build Italy’s third bio-refinery in Livorno, as part of its decarbonization strategy aiming for carbon neutrality by 2050. The project includes the construction of three new facilities for the production of … Read the full press release

Volkswagen Group Appoints Thomas Ulbrich to Lead Technical Development in China

(IN BRIEF) The Volkswagen Group is strengthening its Technical Development Board function in China as part of its “In China, for China” strategy. Thomas Ulbrich, former Member of the Board of Management of the Volkswagen Brand for “New Mobility,” will … Read the full press release

INTERCHIP Accelerates High-Precision Crystal Oscillator Development with Siemens’ EDA Solutions

(IN BRIEF) Siemens Digital Industries Software has announced that INTERCHIP CORPORATION, a leading fabless semiconductor company specializing in high-precision, low-power oscillator products, utilized Siemens’ Analog FastSPICE platform and Symphony™ platform to verify its latest Voltage-Controlled Crystal Oscillator (VCXO) integrated circuit … Read the full press release

BASF Process Catalysts and Envision Energy Collaborate on Sustainable E-Methanol Production

(IN BRIEF) BASF Process Catalysts has announced a strategic partnership with Envision Energy to advance the conversion of green hydrogen and CO2 into e-methanol through an innovative process design. Leveraging BASF’s cutting-edge SYNSPIRETM catalyst technology, the collaboration aims to optimize … Read the full press release

Beijer Byggmaterial Inaugurates Phase One of State-of-the-Art Builders’ Merchants Facility in Gothenburg

(IN BRIEF) Beijer Byggmaterial, part of STARK Group, has unveiled the first phase of construction for one of Sweden’s most modern builders’ merchants, representing a substantial investment in the growth region around Gothenburg. Located strategically in Hisings Backa, near central … Read the full press release

TenneT Transmits Record Amount of Wind Energy from North Sea, Covering Needs of 9 Million Households

(IN BRIEF) In 2023, TenneT, the transmission system operator, transmitted approximately 19.24 terawatt hours (TWh) of wind energy from the German North Sea to land, while in the Netherlands, it was 4.17 TWh. This energy could theoretically fulfill the annual … Read the full press release

Rheinmetall Secures Multi-Million Euro Order for Fuchs 2 Armoured Vehicles and Kits

(IN BRIEF) Rheinmetall has received a substantial order from an international partner to supply components for the production of Fuchs 2 wheeled armoured vehicles at a factory in the partner country. The order, valued at a figure in the three-digit … Read the full press release