(IN BRIEF) Stora Enso’s Skutskär biomaterials production site in Sweden, known for its sustainable practices, has embarked on a groundbreaking pilot project aimed at capturing biogenic CO2 emissions from pulp production, marking a significant step towards climate-positive operations. With a … Read the full press release
Posted in Business, Construction, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Sweden, Technology
Tagged Biogenic CO2 Capture, Christer Nordstrand, Climate-Positive Operations, partnership, Skutskär Site, Stora Enso, sustainability
(IN BRIEF) SSAB and Nordec have entered into a crucial agreement aimed at streamlining the supply chain for fossil-free steel, a significant step towards achieving SSAB’s goal of delivering fossil-free steel to the market by 2026. The collaboration entails SSAB … Read the full press release
Posted in Business, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Management, Media, News, Sweden, Technology
Tagged Finland, fossil-free, Kalle Luoto, Lotta Ruottinen, Nordec, partnership, SSAB, Steel Supply Chain, sustainability
(IN BRIEF) The Nordic Investment Bank (NIB) announces a robust performance for the first quarter of 2024, with close to EUR 1 billion in new lending signed and EUR 643 million disbursed. The bank’s annual meeting of the Board of … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, News
Tagged André Küüsvek, Financial, green financing, investment, NIB, sustainability
(IN BRIEF) Finnvera, committed to promoting climate-friendly investments, announces plans for low-emission investments worth over EUR 200 billion, aligning with the Paris Climate Agreement’s goal of limiting global warming to 1.5 degrees. With a focus on reducing carbon footprints, Finnvera … Read the full press release
Posted in Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, News, Technology
Tagged climate-friendly, Financial, Finnvera, investments, Jussi Haarasilta, Nina Karisalo, sustainability
(IN BRIEF) Neste, a leader in renewable fuels and circular economy solutions, unveiled its first-quarter 2024 results, demonstrating resilience amidst a weak renewables market. Despite challenges, the company reported a comparable EBITDA of EUR 551 million, reflecting a proactive approach … Read the full press release
Posted in Business, Economy, Energy, Gas & Oil, Financial, Finland, Industrial, Investment, Management, News
Tagged Financial, investment, Matti Lehmus, Neste, Renewables Market
(IN BRIEF) Nordic Investment Bank (NIB) and Aktia Bank Plc have joined forces in a seven-year EUR 75 million loan agreement aimed at supporting small and medium-sized enterprises (SMEs), smaller mid-caps (SMCs), and environmental projects in Finland. With a commitment … Read the full press release
Posted in Banks, Business, Economy, Environment, Financial, Finland, Industrial, Investment, Management, News, Small Business, Sweden
Tagged Aktia Bank, André Küüsvek, environmental projects, Finland, Juha Hammarén, NIB, partnership, SMEs, sustainability, Sweden
(IN BRIEF) Nordic Investment Bank (NIB) and Husqvarna AB, a Swedish outdoor power products manufacturer, have inked a EUR 100 million 7-year loan pact to fund research and development (R&D) efforts from 2022 to 2024 in electrifying motorized equipment. … Read the full press release
Posted in Banks, Business, Electronics & Machinery, Environment, Financial, Finland, Industrial, Investment, Management, News, Sweden, Technology
Tagged Electric Equipment R&D, Husqvarna, NIB, Nicolas Audibert, partnership, sustainability, Sweden
(IN BRIEF) Finnvera, Finland’s export credit agency, has granted Nokia’s 5G deliveries a buyer credit guarantee worth USD 1.5 billion, marking one of its largest financing arrangements in history. The deal supports Nokia’s pivotal role in India’s 5G revolution, where … Read the full press release
Posted in Business, Financial, Finland, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology, Telecom
Tagged 5G network, Finnvera, INDIA, Jussi Haarasilta, Miska Kuhalampi, Nokia, partnership, Reliance Jio
(IN BRIEF) The European Investment Bank (EIB) has inked a €150 million loan deal with Helen Ltd, a prominent Finnish energy company owned by the City of Helsinki. This funding aims to bolster two new renewable-energy initiatives in the district … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Luxembourg, Management, News
Tagged EIB, Helen Ltd, Helsinki, investment, partnership, renewable energy, sustainability, Thomas Östros, Timo Rajala
(IN BRIEF) Outokumpu, in line with its company strategy announced in November 2023, has concluded negotiations with employee representatives regarding restructuring measures in Germany. The plan involves shutting down operations at the Dahlerbrück and Hockenheim sites and centralizing advanced materials … Read the full press release
Posted in Business, Financial, Finland, Germany, Government, Industrial, Investment, Management, Metals and Minerals, News
Tagged Germany, Outokumpu, partnership, Restructuring Negotiations, Thomas Anstots
(IN BRIEF) In a recent analysis, Helge Pedersen, Nordea Group Chief Economist, emphasizes the global economic resilience, signaling a potential soft landing. However, strong labor markets pose challenges for monetary policy, especially with the new geopolitical dynamics. While Norway and … Read the full press release
Posted in Banks, Business, Economy, Financial, Finland, Government, Industrial, Investment, Management, News
Tagged economic resilience, Financial, global challenges, Helge Pedersen, investment, Nordea Group
(IN BRIEF) Neste, a leading provider of renewable fuels and sustainable solutions, has honored several contractors globally with the Contractor Safety Award as part of its annual Safety Week, commencing on April 22. The award acknowledges contractors’ outstanding safety commitment … Read the full press release
Posted in Awards, Business, Energy, Gas & Oil, Finland, Industrial, Management, News, Security & Safety
Tagged Award, Contractor Safety Award, Global Contractors, Hannele Jakosuo-Jansson, Neste, safety, Safety Week
(IN BRIEF) Outokumpu has announced the publication of its interim report for January–March 2024 on May 7, 2024, at approximately 9:00 am EEST. Following the report’s release, a live webcast and conference call will be conducted at 3:00 pm EEST, … Read the full press release
Posted in Business, Economy, Financial, Finland, Industrial, Investment, Management, Media, Metals and Minerals, News
Tagged Financial, Heikki Malinen, investment, Linda Häkkilä, Outokumpu, Pia Aaltonen-Forsell, Q1 2024 Interim Report, webcast
(IN BRIEF) Neste, a global leader in renewable fuels and sustainable feedstock, is showcasing its Neste RE™ feedstock at Chinaplas 2024 in Shanghai. Neste RE™, derived from bio-based and chemically recycled materials, offers a significant reduction in the carbon footprint … Read the full press release
Posted in Business, Chemicals, Environment, Financial, Finland, Government, Industrial, Investment, Management, Media, News
Tagged Carrie Song, Neste, Neste RE™, Plastics Manufacturing, Renewable and Recycled Feedstock, sustainability
(IN BRIEF) Outokumpu Corporation has announced the appointment of Marc-Simon Schaar as its Chief Financial Officer, effective June 1, 2024. Schaar, who holds an M.Sc. in International Business and is a Chartered Accountant, brings over a decade of experience in … Read the full press release
Posted in Business, Finland, Industrial, Management, Metals and Minerals, News
Tagged appointment, Chief Financial Officer, Heikki Malinen, leadership, Marc-Simon Schaar, Outokumpu
(IN BRIEF) Neste has achieved a significant milestone in chemical recycling by processing pyrolysis oil derived from discarded vehicle tires, supplied by Scandinavian Enviro Systems, into high-quality raw material for new plastics and chemicals at its refinery in Porvoo, Finland. … Read the full press release
Posted in Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Investment, Management, News, Science, Sweden, Technology
Tagged Andreas Teir, chemicals, Discarded Tires, Enviro Systems, High-Quality Raw Material, Neste, partnership, plastics, pyrolysis oil, recycling, Susanna Sieppi, sustainability, Sweden
(IN BRIEF) Neste, a global leader in renewable diesel production, teams up with New Jersey Natural Gas (NJNG) to tackle greenhouse gas emissions by adopting Neste MY Renewable Diesel™ for NJNG’s medium-duty trucks and equipment fleet. This initiative marks NJNG … Read the full press release
(IN BRIEF) A financing agreement between the Nordic Investment Bank (NIB), the European Investment Bank (EIB), and LTG Link signals a significant step forward for Lithuania’s rail sector. The agreement, totaling EUR 200 million, will facilitate the purchase of nine … Read the full press release
Posted in Banks, Business, Energy, Gas & Oil, Environment, Financial, Finland, Government, Industrial, Infrastructure & Utilities, Investment, Lithuania, Luxembourg, Management, News, Technology, Transportation & Logistics
Tagged Egidijus Lazauskas, EIB, Electric and Battery Trains, investment, Jeanette Vitasp, Lithuania, LTG Link, Marius Skuodis, NIB, rail electrification, Thomas Östros
(IN BRIEF) Researchers at the Institute for Atmospheric and Earth System Research (INAR) at the University of Helsinki have discovered that modern weather models accurately predict the energy emitted and reflected by the Earth, affecting the movements of low Earth-orbiting … Read the full press release
Posted in Aviation & Aerospace, Business, Education, Environment, Financial, Finland, Industrial, Investment, Management, News, Science, Technology
Tagged Institute for Atmospheric and Earth System Research (INAR), Modern Weather Models, partnership, Sanam Motlaghzadeh, Satellite Movement Predictions, sustainability, University of Helsinki
(IN BRIEF) In celebration of Earth Day, ZWILLING collaborates with Outokumpu to launch a special edition knife block set crafted with Circle Green Dura stainless steel, embodying sustainability and style. The initiative underscores Outokumpu’s commitment to reducing carbon emissions in … Read the full press release
Posted in Business, Environment, Finland, Industrial, Management, Metals and Minerals, News
Tagged Christian Koch, Circle Green® Steel, Earth Day, Knife Set, Outokumpu, partnership, STAHL KREBS, sustainability, ZWILLING
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