Monthly Archives: June 2024

DNV and PETRONAS Collaborate to Drive Sustainability in Malaysia’s Energy Sector

(IN BRIEF) DNV and PETRONAS CCS Ventures have solidified their collaboration with the signing of a Master Price Agreement aimed at certifying carbon dioxide (CO2) storage sites and associated facilities for carbon capture and storage (CCS) projects in Malaysia. Building … Read the full press release

Vattenfall Celebrates Diversity Month and Prepares for Pride Season 2024

(IN BRIEF) Vattenfall recently concluded its Diversity Month, a series of events aimed at highlighting the various dimensions of diversity within the company. From gender and sexual orientation to ethnicity and worldview, the initiative emphasized the importance of equity in … Read the full press release

EBRD and EU Launch €12.5 Million Programme to Boost Lebanese SMEs

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have launched a €12.5 million programme aimed at supporting small and medium-sized enterprises (SMEs) in Lebanon to enhance resource efficiency and circularity measures. Over a … Read the full press release

EBRD Mobilizes Funding to Strengthen Ukraine’s Energy Security

(IN BRIEF) In response to recent attacks by Russia on Ukraine’s energy infrastructure, the European Bank for Reconstruction and Development (EBRD) has pledged over €300 million in additional funding to support the country’s state-owned energy companies. This commitment, formalized through … Read the full press release

Strategic Alliance: EIB and Banco Sabadell Drive Economic Cohesion in Spain

(IN BRIEF) The European Investment Bank (EIB) and Banco Sabadell have joined forces in a significant deal, signing a guarantee agreement worth up to €200 million, which is the first phase of a broader operation of €300 million. Over the … Read the full press release

New Museum of Unrest Redefines Activist Art and Design in Digital Era

(IN BRIEF) The Museum of Unrest, launched by LPS21, aims to revolutionize activist art and design through an online platform. It features curated collections, interactive virtual events, and a global lineup of diverse artists. This digital space seeks to foster … Read the full press release

Museum of Unrest: a new space for activism, art and design

(IN BRIEF) The Museum of Unrest, initiated by LPS21, is a groundbreaking venture in activist art and design. Through its online platform, it facilitates connections among artists, designers, and activists to foster idea development. Blending design, technology, and societal themes, … Read the full press release

Infineon Introduces CoolGaN™ BDS and Smart Sense: Advancing Power Solutions

(IN BRIEF) Infineon Technologies AG has announced the release of two groundbreaking CoolGaN™ product technologies: CoolGaN bidirectional switch (BDS) and CoolGaN Smart Sense, designed to revolutionize power management solutions. The CoolGaN BDS series offers superior soft- and hard-switching capabilities across … Read the full press release

ANDRITZ’s Cutting-edge Technology Enhances Tissue Manufacturing at Kartogroup España’s Burriana Facility

(IN BRIEF) ANDRITZ, a global technology group, has successfully implemented a project at Kartogroup España’s Burriana mill in Spain, involving the installation of advanced equipment aimed at enhancing the efficiency and sustainability of tissue production. Pascual Gómez, COO of Kartogroup, … Read the full press release

Circular Construction Advancements: Holcim Acquires Land Recovery in the UK

(IN BRIEF) Holcim, a global leader in sustainable construction materials, recently acquired Land Recovery, a UK-based supplier specializing in recycled construction materials, as part of its commitment to circular construction practices. This strategic move aligns with Holcim’s goal to recycle … Read the full press release

Neste and Valtra Partnership: Driving Global Sustainability with Renewable Diesel

(IN BRIEF) In a significant stride towards sustainability, Finnish tractor manufacturer Valtra, a division of AGCO Corporation, proudly announces the utilization of 5 million liters of Neste MY Renewable Diesel™ at its Suolahti factory in Finland. Collaborating with Neste since … Read the full press release

Neste’s Porvoo Refinery: Major Turnaround Concludes with €390 Million Investment, Sustains Uninterrupted Operations

(IN BRIEF) Neste’s Porvoo refinery in Finland successfully concluded a major turnaround, highlighting a strategic shift to shorter maintenance intervals for enhanced cost-effectiveness and risk management. With over 7,600 individuals involved and 1.4 million working hours invested, the refinery emerged … Read the full press release

WWF Collaboration: Vodafone’s m-Twiga Initiative Marks Milestone in Conservation Efforts

(IN BRIEF) In the heart of Africa, where wildlife and communities coexist, Vodafone, in collaboration with Safaricom and the World Wide Fund for Nature (WWF), is spearheading a technological solution to address human-wildlife conflict. The innovative AI-powered system, dubbed m-Twiga … Read the full press release

Next-Gen Broadcasting: RTL Deutschland Implements Cutting-Edge 5G Solution with Deutsche Telekom

(IN BRIEF) Deutsche Telekom has collaborated with RTL Deutschland to implement a private 5G campus network, marking RTL as the first German media company to adopt its own 5G standalone (5G SA) network. This innovative move enhances TV production flexibility … Read the full press release

Breaking Boundaries: T-Systems and Aurora Labs Set New Standards in Automotive Software Evolution

(IN BRIEF) T-Systems, a leading European digital services provider under Deutsche Telekom, and Aurora Labs, an innovative AI-driven automotive software company, have jointly unveiled their collaborative venture to offer Aurora Labs’ cutting-edge differential software update capabilities alongside T-Systems’ comprehensive Over-the-Air … Read the full press release

Orange Cybersecure Initiative to Combat Rising Cyber Threats in France

(IN BRIEF) Orange CEO Christel Heydemann announced the forthcoming launch of Orange Cybersecure, a groundbreaking cybersecurity solution set to debut on June 6th. Leveraging Orange Cyberdefense’s expertise, the initiative aims to combat internet and telephone fraud by offering accessible protection … Read the full press release

Orange Alliance Program Expands: Silknet Partners with Orange for Telecom Innovation in Georgia

(IN BRIEF) Orange and Silknet, Georgia’s prominent telecommunications providers, have forged a strategic partnership under the Orange Alliance program, effective June 3, 2024, aimed at bolstering Silknet’s capabilities across B2C, B2B, and ICT sectors with Orange’s expertise and innovative solutions. … Read the full press release

Sustainable Innovation: Arkema’s Clear Lake Facility Recognized with ISCC PLUS Certification

(IN BRIEF) Arkema, a leading specialty materials company, has achieved ISCC PLUS certification for its acrylic monomers production facility in Clear Lake, Texas, marking another step in its global decarbonization efforts. This accomplishment follows similar certifications at Arkema’s facilities in … Read the full press release

Strategic Partnership: bp Leads Efforts as GTA Phase 1 LNG Development Nears Completion

(IN BRIEF) The successful arrival of the FPSO vessel marks a significant milestone for the Greater Tortue Ahmeyim (GTA) Phase 1 LNG development, situated offshore Mauritania and Senegal. The vessel, an integral part of the project, has been securely moored … Read the full press release

TotalEnergies Strengthens Commitment to Decarbonization Through New LNG Contracts in India and Korea

(IN BRIEF) TotalEnergies has announced two pivotal LNG contracts in Asia, signifying a strategic expansion in its LNG business. The agreements include a sales and purchase agreement (SPA) with Indian Oil Corporation (IOCL) for the delivery of up to 800,000 … Read the full press release

Equinor’s Strategic Move: Eirin Field Development and Ownership Equilibrium

(IN BRIEF) Equinor has announced the sale of 19.5% interests in production licenses PL 048E, home to the Eirin field, and PL 1201 to PGNiG Upstream Norway AS (PGNiG), effectively balancing ownership with the Gina Krog field. The approval of … Read the full press release

Equinor ASA Appoints Tone Hegland Bachke and Fernanda Lopes Larsen to Board of Directors

(IN BRIEF) Equinor ASA welcomed Tone Hegland Bachke and Fernanda Lopes Larsen as new members of its board of directors during a recent corporate assembly meeting on June 4, 2024. The assembly also re-elected Jon Erik Reinhardsen as chair and … Read the full press release

Bechtle Unveils Unified Identity with Merger of Belgian Entities

(IN BRIEF) Bechtle Group has consolidated its Belgian entities, including Bechtle Group BE Public and Bechtle direct NV, into a unified company, Bechtle NV, effective June 1, 2024, signaling a strategic move to enhance its position as a leading IT … Read the full press release

AIXTRON Invests in Italian Manufacturing Site, Eyes Market Growth in Europe

(IN BRIEF) AIXTRON, a semiconductor manufacturing solutions provider, has expanded its European presence by acquiring a production site near Turin, Italy, situated in the Piedmont region. This strategic move aims to bolster AIXTRON’s manufacturing capabilities and prepare for anticipated market … Read the full press release

Utilitas Wind and Latvenergo AS Partner with Vestas for Major Baltic Wind Project

(IN BRIEF) Vestas secures a 124 MW wind energy project order in Telsiai, Lithuania, from Utilitas Wind and Latvenergo AS, marking a significant advancement in the Baltic region’s renewable energy capacity. The order includes 20 V162-6.2 MW wind turbines, with … Read the full press release

Japanese Consortium Invests USD$100m in Airbus Subsidiary AALTO to Propel HAPS Commercialization

(IN BRIEF) In a strategic move set to redefine connectivity and earth observation services in Japan and across Asia, a consortium of leading Japanese businesses and banks, spearheaded by NTT DOCOMO, Inc. and Space Compass Corporation, commits a substantial USD$100 … Read the full press release

Airbus Unveils Wingman Concept, Redefining Manned-Unmanned Teaming in Military Aviation

(IN BRIEF) Airbus introduces its pioneering Wingman concept at the International Aerospace Exhibition ILA in Berlin, showcasing a revolutionary unmanned fighter-type drone designed to operate alongside manned combat aircraft like the Eurofighter. The Wingman, guided by pilots from manned aircraft, … Read the full press release

Fortum Embarks on a New Chapter: Integrating Hydropower Maintenance Team for Enhanced Efficiency and Community Focus

(IN BRIEF) Fortum marks a significant milestone today as it integrates 250 employees into its hydropower operations and maintenance team across Sweden and Finland. A decade ago, Fortum outsourced these functions but revisited the decision in 2023, opting to bring … Read the full press release

Utility Revolution: EDF Transitions Five Million Meter Points with Accenture-Kraken Alliance

(IN BRIEF) Accenture and Kraken Technologies have joined forces to assist EDF’s UK retail business in transitioning over five million meter points onto Kraken’s platform, enhancing energy management capabilities. This collaboration, leveraging advanced analytics and AI, aims to streamline operations … Read the full press release

PT Len Industri and Thales Collaborate to Propel Indonesia’s Defense Industry Forward

(IN BRIEF) PT Len Industri (Persero) and Thales sealed a momentous agreement on May 30, 2024, launching a Joint Venture (JV) aimed at elevating Indonesia’s defense capabilities. Witnessed by key officials including Mr. Kartika Wirjoatmodjo and Pascale Sourisse, the JV … Read the full press release

Digi Communications N.V. announces the conclusion of a Senior Facility Agreement by companies within Digi Group

(IN BRIEF) On June 3, 2024, Digi Communications N.V. announced that it, along with its Romanian subsidiary Digi Romania S.A. and Digi Spain Telecom S.L.U., has finalized a Senior Facility Agreement. This agreement includes a term loan of EUR 150 … Read the full press release

Strategic Acquisition: Mutares SE & Co. KGaA Enhances Ganter Group’s Position in Interior Finishing Market

(IN BRIEF) Mutares SE & Co. KGaA (ISIN: DE000A2NB650) has finalized the acquisition of FSL Ladenbau GmbH from its shareholders Christian Füßer, Marion Füßer, and Guido Krümpel, marking a strategic move to fortify the Ganter Group, a distinguished general contractor … Read the full press release

Vossloh Fastening Systems China Co. Ltd. Secures Major Contract for Chinese High-Speed Rail Project

(IN BRIEF) Vossloh, a key player in rail infrastructure solutions, has reinforced its foothold in the Chinese market with a significant contract awarded to its subsidiary, Vossloh Fastening Systems China Co. Ltd. The contract entails supplying rail fastening systems for … Read the full press release

Leadership Shifts Signal Strategic Pivot for Schaeffler AG

(IN BRIEF) Schaeffler AG announces leadership changes, with Heiko Eber appointed Head of Investor Relations (IR) and Renata Casaro tasked with leading the newly established Global Risk & Macroeconomic Analysis unit, effective June 1, 2024. Eber, previously managing IR at … Read the full press release

E.ON Forges Ahead with Strategic Leadership Changes

(IN BRIEF) E.ON, a major player in the energy sector, has finalized its board restructuring, appointing Marc Spieker as Chief Operating Officer Commercial and Nadia Jakobi as Chief Financial Officer, underlining a strategic pivot towards sustainable energy solutions. CEO Leonhard … Read the full press release

NatWest Group Champions Startup Growth with Expanded Accelerator Initiative

(IN BRIEF) NatWest plans to accept up to 2,500 entrepreneurs into its accelerator program in September, urging business owners seeking growth opportunities to apply. As the largest bank for startups in Great Britain, NatWest Group serves around one in five … Read the full press release

Haier Europe Partners with Orange Business to Drive Innovation and Sustainability

(IN BRIEF) Haier Europe, a leading global appliances company, partners with Orange Business to drive innovation and sustainability. Through this collaboration, Haier aims to optimize resource consumption, extend product lifespan, and establish itself as a data-driven enterprise offering smart home … Read the full press release

Orange Announces Unprecedented Initiative: Free 5G Access for All Customers During Paris 2024 Olympics

(IN BRIEF) In an unprecedented move, Orange announces an exceptional initiative to enhance connectivity for its customers during the Paris 2024 Games. From June 3 to September 8, 2024, all 4G consumer and business customers will have access to Orange’s … Read the full press release

Globalization Trends: DHL Study Spotlights EU’s Rising International Influence

(IN BRIEF) In the latest DHL Global Connectedness Report, the Netherlands emerges as the most globalized country in the European Union, closely followed by Ireland and Luxembourg. Notably, 14 EU member states, including Malta, Belgium, Denmark, Sweden, Germany, Cyprus, Hungary, … Read the full press release

CACEIS Achieves Record Asset Milestones Following RBC IS Acquisition Integration

(IN BRIEF) Since June 1st, 2024, following the acquisition of Royal Bank of Canada’s (RBC) European asset servicing operations, all staff across various locations have been consolidated under unified legal frameworks. Concurrently, efforts are underway to migrate clients to this … Read the full press release