Daily Archives: 21, November 2024

EIF Backs Move Energy’s €150 Million Fund to Drive Decarbonization Across Key Sectors in Europe

(IN BRIEF) The European Investment Fund (EIF) has committed €35 million to Move Energy’s venture capital “Fund I,” which supports early-stage European ventures focused on decarbonizing power, transport, and buildings—sectors responsible for 55% of global CO₂ emissions. Backed by the … Read the full press release

NEXT Partners with Zalando’s ZEOS to Streamline Online Fulfilment Across Europe

(IN BRIEF) British fashion retailer NEXT has partnered with ZEOS, Zalando’s B2B unit, to manage its direct-to-consumer online orders across most of continental Europe starting in Q4 2025. This collaboration extends their existing relationship, with ZEOS handling NEXT’s own webshop … Read the full press release

Barry Callebaut Integrates Upcycled Cacaofruit Products into Its Portfolio, Pioneering Sustainable Innovation

(IN BRIEF) Barry Callebaut has integrated upcycled cacaofruit products into its portfolio, advancing its commitment to sustainability, innovation, and unique flavor experiences. Originally developed by start-up Cabosse Naturals in 2019, these ingredients utilize the entire cacaofruit, offering zesty, fruity flavors … Read the full press release

VINCI Highways Gears Up for Winter Operations, Ensuring Safe and Accessible Roads Worldwide

(IN BRIEF) VINCI Highways has launched its winter operations program to ensure safe and accessible roads during challenging weather conditions. With a fleet of snowploughs, salt spreaders, and brine sprayers ready, along with strategic salt reserves, trained teams are on … Read the full press release

Hexagon Strengthens Mining Technology Portfolio with Acquisition of indurad and xtonomy

(IN BRIEF) Hexagon has acquired indurad, a leader in radar and Real-Time Location Systems (RTLS) technologies, along with its subsidiary xtonomy, to advance safety, productivity, and automation in the mining industry. indurad’s radar-based collision avoidance and automation technologies will complement … Read the full press release

EIB Provides €105 Million Loan to Tuusula Municipality for Energy-Efficient School Complexes

(IN BRIEF) The European Investment Bank (EIB) has provided a €105 million loan to the Municipality of Tuusula in Finland to construct energy-efficient school complexes for 3,500 students. The project, spanning three neighborhoods, aims to create modern educational spaces aligned … Read the full press release

EIB Supports €200 Million Loan to Delgaz Grid for Electricity Network Upgrades in Romania

(IN BRIEF) The European Investment Bank (EIB) is lending €200 million to Romanian energy distributor Delgaz Grid to modernize the electricity network in Moldova’s northeastern region. This funding, part of a €630 million investment program, will enhance energy efficiency, support … Read the full press release

EIB Partners with Croatian Cities to Address Affordable Housing Challenges

(IN BRIEF) The European Investment Bank (EIB) is partnering with five Croatian cities—Zagreb, Rijeka, Split, Osijek, and Varaždin—to address rising demand for social and affordable housing. Through an advisory agreement funded by the InvestEU Advisory Hub, the EIB will provide … Read the full press release

Global Development Banks Unite to Strengthen Impact Through G20-Endorsed Roadmap

(IN BRIEF) The leaders of 10 multilateral development banks (MDBs) welcomed the G20’s endorsement of a roadmap aimed at reforming MDBs to address global challenges, support the Sustainable Development Goals, and enhance climate action. Key achievements in 2023 include increasing … Read the full press release

EIB Group President Highlights Strengthened Partnership with Bulgaria to Drive Growth, Jobs, and Green Transition

(IN BRIEF) EIB Group President Nadia Calviño visited Bulgaria to discuss increased financing opportunities aimed at boosting economic growth, job creation, and the country’s green transition. In partnership with Bulgarian Deputy Prime Minister Lyudmila Petkova, the EIB Group plans to … Read the full press release

EIF and Quotanda Collaborate to Unlock €51 Million in Student Financing Across Europe

(IN BRIEF) The European Investment Fund (EIF) and Quotanda have partnered to improve access to student financing in Spain, Portugal, and Germany, mobilizing over €51 million through a €10.2 million capped guarantee backed by the InvestEU Skills and Education Portfolio … Read the full press release

Henkel and Celanese Transform CO2 Emissions into Sustainable Adhesives for Packaging Innovations

(IN BRIEF) Henkel Corporation and Celanese Corporation have partnered to produce adhesives from captured CO2 emissions, advancing sustainability in the packaging and consumer goods sectors. Celanese’s carbon capture and utilization (CCU) technology transforms CO2 into methanol, a key ingredient in … Read the full press release

Kering Becomes First Company to Adopt Science-Based Targets for Land and Freshwater at COP16

(IN BRIEF) At COP16, Kering became the first company globally to adopt science-based targets for land and freshwater, marking a significant step in its commitment to biodiversity. After participating in the Science Based Targets Network’s corporate pilot, Kering set targets … Read the full press release

Fincantieri’s Vard Lands €200 Million Contract for Five Advanced Walk-to-Work Vessels

(IN BRIEF) Fincantieri’s Norwegian subsidiary, Vard, has signed a €200 million contract to design and construct five Walk-to-Work vessels for an international client. The vessels, designed to support offshore oil and gas platforms, will feature hybrid propulsion systems, advanced motion-compensated … Read the full press release

Burberry Unveils New Store in Singapore, Bringing Timeless British Heritage to Orchard Road

(IN BRIEF) Burberry has opened a new store in Singapore at the Wisma Atria shopping mall on Orchard Road, designed to blend British architectural heritage with contemporary style. The store features materials like Portland stone and black cast iron, tying … Read the full press release

Hempel Joins RightShip’s Zero Harm Innovation Partners Program to Drive Sustainable Maritime Practices

(IN BRIEF) Hempel has joined RightShip’s Zero Harm Innovation Partners Program, marking a significant step in promoting sustainable maritime practices. The collaboration focuses on Hempel’s Hempaguard, a silicone hull coating that significantly reduces fuel consumption, CO2 emissions, and in-water environmental … Read the full press release

Hempel Unveils Revolutionary Recharger for Silicone Yacht Coatings at METSTRADE 2024

(IN BRIEF) At METSTRADE 2024, Hempel A/S launched Hempel’s Infinity, the world’s first underwater performance recharger for its silicone yacht coatings. This biocide-free, water-based product extends the life of existing coatings for an extra season, eliminating the need for repainting … Read the full press release

BMT Unveils “The Deep Blue Project” at Offshore Wind Australia Conference 2024

(IN BRIEF) BMT, in collaboration with Ocius, has launched The Deep Blue Project, an initiative revolutionizing autonomous maritime data collection and environmental monitoring. Announced at the Offshore Wind Australia Conference 2024, the project’s first phase involves trials of Ocius’s autonomous … Read the full press release

EY Launches Integrated Global Payroll Solution to Streamline Workforce Management

(IN BRIEF) EY has launched the Integrated Global Payroll Solution, a centralized platform designed to streamline payroll, mobility, and labor law management for organizations with global workforces. The solution addresses growing challenges like increased workforce mobility and hybrid work demands, … Read the full press release

BBVA Proposes Comprehensive Measures to Ensure Financial Inclusion and SME Support Amid Banco Sabadell Merger

(IN BRIEF) BBVA has proposed comprehensive measures to the Spanish competition authority (CNMC) to secure approval for its merger with Banco Sabadell. These commitments include maintaining branch access in underserved areas, ensuring continued SME lending and credit lines for 18 … Read the full press release