Daily Archives: 19, September 2024

TotalEnergies Extends LNG Supply Agreement with CNOOC, Strengthening Chinese Market Position Until 2034

(IN BRIEF) TotalEnergies has extended its sales and purchase agreement with China’s CNOOC for an additional five years, committing to supply 1.25 million tons of liquefied natural gas (LNG) per year until 2034. This move enhances TotalEnergies’ long-term presence in … Read the full press release

Barclays Cuts Interest Rates on Green Loans to Help UK Farmers Transition to Net Zero

(IN BRIEF) Barclays has reduced interest rates on four of its Green Loans for Business to support UK agriculture and SMEs in their efforts to reduce emissions and enhance biodiversity. This move is part of Barclays’ commitment to financing the … Read the full press release

Global Postal Industry Marks 40% Emissions Reduction on Green Postal Day, Sets Ambitious 2030 Targets

(IN BRIEF) On Green Postal Day 2024, postal companies worldwide celebrated a 40% reduction in CO2 emissions since 2008. These companies are working towards further lowering emissions by 50% by 2030, with a focus on using renewable energy and sustainable … Read the full press release

European Auto Industry Urges Immediate Action as EV Demand Drops, Calls for Accelerated CO2 Regulation Review

(IN BRIEF) The European auto industry, represented by the European Automobile Manufacturers’ Association (ACEA), has called for urgent intervention from EU institutions due to a decline in demand for electric vehicles (EVs). The industry is concerned about meeting the 2025 … Read the full press release

Siemens’ Net-Zero Targets Validated by Science Based Targets Initiative for 2030 and 2050

(IN BRIEF) Siemens has received validation from the Science Based Targets initiative (SBTi) for its 2030 and 2050 net-zero emissions targets, confirming their alignment with the SBTi Net-Zero Standard. Siemens aims to reduce Scope 1 and 2 emissions by 90% … Read the full press release

HSBC Deploys Quantum-Secure Technology to Protect Tokenised Gold from Future Cyber Threats

(IN BRIEF) HSBC has successfully piloted quantum-secure technology to protect tokenised physical gold from future cyber threats posed by quantum computing. The bank partnered with Quantinuum to use post-quantum cryptography (PQC) and Quantum Origin technology, safeguarding HSBC’s gold tokens against … Read the full press release

Deutsche Bank Taps Raffael Gasser to Lead Wealth Management & Private Banking in Germany

(IN BRIEF) Deutsche Bank has appointed Raffael Gasser as the new Head of Wealth Management & Private Banking in Germany, starting November 1, 2024. Gasser, who brings extensive experience from UBS and Credit Suisse, will oversee services for affluent and … Read the full press release

Basilea Secures USD 268 Million Agreement with BARDA to Develop Novel Antifungal and Antibacterial Treatments

(IN BRIEF) Basilea Pharmaceutica has entered into a multi-year agreement with the Biomedical Advanced Research and Development Authority (BARDA) to support the development of novel antifungal and antibacterial treatments. The agreement provides an initial USD 29 million, with the potential … Read the full press release

Dutch Water Crisis: University of Twente Professor Urges Investment in Innovative Technologies to Secure Clean Water Future

(IN BRIEF) Professor Wiebe de Vos of the University of Twente has highlighted the urgent need to invest in innovative water technologies to address the Netherlands’ growing water crisis. Despite having some of the world’s best drinking water, the country’s … Read the full press release

UniCredit Bank Austria Launches Emergency Flood Aid Package for Immediate Financial Relief

(IN BRIEF) In response to the severe flooding in Austria, UniCredit Bank Austria has introduced an emergency aid package to support affected individuals and businesses. The package offers fast, unbureaucratic financing with up to €50,000 in overdraft facilities at a … Read the full press release

MAN Unveils 2025 Lion with New PowerLion Drivetrain for Greater Efficiency and Comfort

(IN BRIEF) At the IAA Transportation 2024, MAN Truck & Bus unveiled the 2025 model of the MAN Lion, featuring improved fuel efficiency, lower CO2 emissions, and enhanced driver comfort. The new PowerLion drivetrain, including the D30 engine and TipMatic … Read the full press release

University of Glasgow Scientists Break New Ground with High-Energy Quantum Entanglement at CERN

(IN BRIEF) Researchers from the University of Glasgow, working with the ATLAS experiment at CERN’s Large Hadron Collider (LHC), have made a groundbreaking discovery by observing quantum entanglement between top quarks at the highest energies ever studied. This is the … Read the full press release

METLEN Expands FemStem Initiative to Empower Women in STEM with New Training Cycle

(IN BRIEF) METLEN Energy & Metals, in partnership with Knowl, continues its support for the FemStem Initiative, aimed at reducing gender inequality in STEM fields. The six-month program provides women with 30 hours of training in essential skills, career counseling, … Read the full press release

Outokumpu Unveils Key Strategies for Decarbonizing Steel Industry Amid Global Challenges

(IN BRIEF) Outokumpu is set to release a white paper addressing the future of the steel industry, highlighting the critical need for decarbonization and transformation amid growing geopolitical tensions. The report outlines five key shifts required to drive the green … Read the full press release

EIB and SGEF Poland Join Forces with €200 Million Financing for SMEs and Climate Action

(IN BRIEF) The European Investment Bank (EIB) is providing €100 million to SG Equipment Leasing Polska (SGEF Poland) to support Polish SMEs, with SGEF Poland expected to generate €200 million in total financing. At least 20% of the funds will … Read the full press release

Mark Davis Appointed New Managing Director of EBRD’s Southern and Eastern Mediterranean Region

(IN BRIEF) The European Bank for Reconstruction and Development (EBRD) has appointed Mark Davis as the new Managing Director for the Southern and Eastern Mediterranean (SEMED) region, starting October 1, 2024. Davis, who has 28 years of experience in international … Read the full press release

EIB Approves €5.3 Billion for Climate Resilience, Urban Innovation, and Business Growth

(IN BRIEF) The European Investment Bank (EIB) has approved €5.3 billion in new funding to enhance climate resilience, urban development, and business innovation across Europe and beyond. The investments include €3.5 billion for smart city projects and sustainable infrastructure, €1.4 … Read the full press release

SSAB and Meka Pro Oy Partner to Produce Sustainable Cable Management Systems with Fossil-Free Steel

(IN BRIEF) SSAB and Meka Pro Oy have signed an agreement for the supply of fossil-free steel to be used in manufacturing cable management systems, such as cable ladders and trays. Starting in 2026, Meka Pro Oy will receive low-emission … Read the full press release

SSAB Partners with Trelleborg to Supply Fossil-Free Steel for Noise-Reducing Brake Pads in Electric Vehicles

(IN BRIEF) SSAB has entered into an agreement with Trelleborg Sealing Solutions Kalmar AB to supply fossil-free steel for the production of brake pad shims, crucial in reducing noise, especially in electric vehicles. This partnership responds to the increasing demand … Read the full press release

Professor Bruce Drinkwater Honored with Fellowship for Groundbreaking Ultrasonics Research

(IN BRIEF) Professor Bruce Drinkwater from the University of Bristol has been awarded a prestigious Fellowship from the Royal Academy of Engineering for his pioneering work in ultrasonics, including the invention of the first ultrasonic tractor beam. His research has … Read the full press release

AI to Revolutionize Pancreatic Cancer Detection: TU/e Researchers Lead the Charge

(IN BRIEF) Researchers at Eindhoven University of Technology (TU/e) are developing AI-based solutions to improve the detection and treatment of pancreatic cancer, a highly deadly form of cancer. EngD candidate Victoria Bruno and PhD candidate Terese Hellström are collaborating with … Read the full press release

Stellantis Drives Manufacturing Innovation with AI and Sustainable Solutions at Factory Booster Day

(IN BRIEF) Stellantis is advancing its manufacturing processes through AI-driven innovations and sustainable solutions, as showcased at its ninth annual Factory Booster Day on September 18, 2024, in Turin, Italy. The event featured over 60 partners and 93 new technologies … Read the full press release

Strøm Gundersen Vestfold Secures NOK 122M Contract for New Apartment Building in Sandefjord

(IN BRIEF) Strøm Gundersen Vestfold, part of AF Gruppen, has secured a contract with Boligbyggelaget USBL AS to construct the Møllers Gate apartment building in Sandefjord. The project, valued at NOK 122 million (excluding VAT), involves the design, demolition, and … Read the full press release

Stora Enso’s New Timber Office in Helsinki Sets Benchmark for Sustainable Architecture

(IN BRIEF) Stora Enso has opened its new head office, Katajanokan Laituri, in Helsinki, the largest mass timber building in Finland. The four-storey structure, also housing the Solo Sokos Hotel Pier 4, showcases sustainable, low-carbon construction. Built with prefabricated wood … Read the full press release

GKN Aerospace Receives Silver Medal for Sustainability from EcoVadis

(IN BRIEF) GKN Aerospace has earned a Silver Medal from EcoVadis, a global leader in business sustainability assessments, after a thorough evaluation of its sustainability practices. The company scored 70, placing it in the top 92nd percentile among companies assessed … Read the full press release