Category Archives: Business

Business Press Releases & News distributed via EuropaWire

EU-Funded Remediation Project Tackles Legacy Uranium Mining Sites in Uzbekistan

(IN BRIEF) Remediation work at legacy uranium mining sites in Uzbekistan is being funded by a €9 million grant from the Environmental Remediation Account for Central Asia (ERA), established by the European Union (EU) and managed by the European Bank … Read the full press release

Maersk Partners with Equinor to Supply Green Methanol for Innovative Feeder Vessel

(IN BRIEF) A.P. Moller – Maersk and Equinor have signed an agreement to supply green methanol for Maersk’s new methanol-enabled feeder vessel. The agreement secures green methanol supply from September 2023 to the first half of 2024 for the ship’s … Read the full press release

GRAHAM Receives ‘Best Energy Achievement in Construction Award’ at 2023 Business Energy Achievement Awards

(IN BRIEF) GRAHAM has won the “Best Energy Achievement in Construction Award” at the 2023 Business Energy Achievement Awards for their entry titled “Constructing a Sustainable Future.” The award recognizes the company’s industry-leading initiatives in promoting energy efficiency and reducing … Read the full press release

French Capital’s European Real Estate Investments Surge in H1 2023, Spain Tops Destination

(IN BRIEF) According to Savills research, French capital invested in European real estate reached nearly €3.2 billion in H1 2023, constituting 10% of all cross-border investments. This represents a significant increase from the 5% share recorded in the previous year … Read the full press release

Savills and Gerald Eve Seek Forward Funding Partner for Dominus’ £200 Million ‘Medlock Tower’ Student Accommodation in Manchester

(IN BRIEF) Savills and Gerald Eve have been appointed by developer Dominus to find a forward funding partner for a student accommodation project in Manchester, known as “Medlock Tower.” The £200 million development will consist of a 37-story super-prime student … Read the full press release

Neste Addresses USDA Report on Suspected Fraudulent Palm Oil Shipments as Company Continues to Uphold Supply Chain Integrity

(IN BRIEF) The USDA Biofuels Annual Report for September 2023 suggests that Neste, a renewable products refinery in Singapore, may have received fraudulent volumes of used cooking oil (UCO), specifically virgin palm oil from Indonesia, exported fraudulently as UCO via … Read the full press release

AFRY Attains Highest Platinum Rating in EcoVadis Sustainability Assessment, Ranking Among Top 1% Worldwide

(IN BRIEF) AFRY has achieved the highest Platinum rating in EcoVadis’ global sustainability and social responsibility assessment, earning a total score of 79 out of 100. This places AFRY among the top 1 percent of all assessed companies in sustainability … Read the full press release

Philips Introduces Microvascular Imaging Super Resolution CEUS for Enhanced Lesion Characterization on EPIQ Elite Ultrasound System

(IN BRIEF) Philips has introduced Microvascular Imaging Super Resolution Contrast-Enhanced Ultrasound (CEUS) on its EPIQ Elite ultrasound system, offering significant advancements in lesion characterization and diagnostic confidence. CEUS, which utilizes micro-bubble contrast media instead of iodinated contrast media, provides up … Read the full press release

Innovative Optical Packaging Technology Revolutionizes Data Centers and AI Hardware with Support from Heraeus and aiXscale Photonics

(IN BRIEF) RWTH Aachen University’s Chair of Integrated Photonics has pioneered an innovative packaging technology for optical data links in collaboration with aiXscale Photonics. This technology enables the co-packaging of optical and electrical systems on a wafer scale, leading to … Read the full press release

Scania Launches Smart Dash Digital Dashboard to Enhance Truck Driver Experiences

(IN BRIEF) Scania has introduced the Smart Dash, a digital dashboard for its trucks, aimed at enhancing driver experiences. The Smart Dash offers a mix of manual controls and digital displays to provide drivers with greater control over their trucks … Read the full press release

bp pulse, EV Network, and NEC Group Launch UK’s Largest Public EV Charging Hub

(IN BRIEF) bp pulse, EV Network (EVN), and NEC Group have jointly launched the UK’s largest public electric vehicle (EV) charging hub on the NEC Campus in the West Midlands. The Gigahub™ can simultaneously charge 180 EVs, with ultra-fast 16x … Read the full press release

Michelin Expands XTRA DEFEND Tire Range with New Size for World’s Largest Dump Truck

(IN BRIEF) Michelin has introduced a new tire size, the MICHELIN XTRA DEFEND 33.25 R 29, which is designed to fit the VOLVO A60H, the world’s largest articulated dump truck used primarily in mine and quarry applications. This tire size … Read the full press release

Rolls-Royce Progresses on F130 Engine Testing for U.S. Air Force B-52J Stratofortress

(IN BRIEF) Rolls-Royce has announced that it is progressing well with initial F130 engine testing for the United States Air Force B-52J Stratofortress, aiming to complete testing by the end of the year. The continued Rapid Twin Pod Tests at … Read the full press release

Bentley Delivers First of Limited-Edition Continental GT Le Mans Collection in Europe

(IN BRIEF) The first of the 24 Bentley Continental GT Le Mans Collection models for Europe has been delivered in Dusseldorf, Germany. These limited edition Continental GT and GTC cars are handcrafted in England by Bentley’s Mulliner division, with 24 … Read the full press release

BASF Secures Renewable Electricity Supply for Zhanjiang Site Through 25-Year Agreement with SPIC

(IN BRIEF) BASF has signed a 25-year power purchase agreement (PPA) with the State Power Investment Corporation (SPIC) to buy renewable electricity for its Zhanjiang Verbund site in Guangdong province, China. This PPA is part of BASF’s commitment to securing … Read the full press release

Nestlé Expands Presence in Brazilian Chocolate Market with Majority Stake in Grupo CRM

(IN BRIEF) Nestlé is set to acquire a majority stake in Grupo CRM, a premium chocolate company in Brazil, through an agreement with Advent International. Grupo CRM operates a successful direct-to-consumer model, with over 1,000 chocolate boutiques under the Kopenhagen … Read the full press release

Repsol to Sell Canadian Oil and Gas Assets to Peyto for $468 Million as Part of Portfolio Focus

(IN BRIEF) Repsol has entered into an agreement to sell its oil and gas assets in Canada to Peyto for $468 million, part of Repsol’s ongoing portfolio management to focus on core regions. The deal includes mineral rights, facilities, and … Read the full press release

Enilive and Accademia Niko Romito Launch ‘ALT Stazione del Gusto’ Project, Bringing Quality Street Food to Italian Service Stations

(IN BRIEF) Enilive, an Eni Sustainable Mobility brand, has partnered with Accademia Niko Romito to launch the “ALT Stazione del Gusto” project. The first restaurant under this partnership will open in Rome in September, located within an Eni service station. … Read the full press release

Allianz Unveils Net-Zero Transition Plan with 2030 Targets for Emission Reductions and Renewable Investments

Allianz Trade Study Reveals Gap Between Perceived and Actual Inflation, with Germany Experiencing Significant Disparity

(IN BRIEF) Allianz has released its first comprehensive net-zero transition plan, reaffirming its commitment to achieving net-zero emissions by 2050 in its investment and insurance portfolios and by 2030 in its operations. The plan includes 2030 intermediate targets for reducing … Read the full press release

European Industry Leaders Gather to Accelerate Electricity Grid Development for Energy Transition

(IN BRIEF) Over 200 European industry leaders convened at the ENTSO-E High-Level Forum on Future of Our Grids in Brussels to discuss the challenges and opportunities for accelerating the development of electricity grids necessary for Europe’s energy transition. The forum, … Read the full press release