(IN BRIEF) Garanti BBVA, Turkey’s second-largest private bank and a subsidiary of BBVA, proudly announces that its CEO, Recep Baştuğ, has been ranked fourth in Fast Company Turkey’s Top 50 Sustainability Leaders list. This recognition highlights Baştuğ’s exceptional commitment to … Read the full press release
(IN BRIEF) Deutsche Bank has announced a significant increase in capital allocation for its Ho Chi Minh City branch in Vietnam, raising it by USD 100 million to reach a total of over USD 200 million. The additional capital will … Read the full press release
(IN BRIEF) Metso, a leading provider of sustainable technologies for the mining industry, has begun construction on its first polymer filter plate factory in Irapuato, Mexico. The factory, representing an investment of approximately EUR 28 million, will enhance Metso’s production … Read the full press release
(IN BRIEF) RINA and Eni have signed an agreement to collaborate on initiatives aimed at the energy transition and decarbonization of their operations, with a focus on maritime transport. The partnership will explore the use of HVO biofuel produced by … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Italy, Management, Transportation & Logistics
Tagged ammonia, biofuel, biogenic, certification, decarbonisation, energy transition, engineering consultancy, Eni, HVO, hydrogen, hydrogenated vegetable oil, inspection, maritime, maritime transport, RINA
(IN BRIEF) TotalEnergies has successfully renewed the production license for OML130 block in Nigeria for an additional 20 years. The block, located off the Nigerian coast, is home to the productive Akpo and Egina fields. In 2022, the block produced … Read the full press release
(IN BRIEF) Francesco Starace, former CEO and General Manager of Enel, one of the world’s largest energy utility companies, has been appointed as a Partner within the EQT Infrastructure Advisory Team. EQT, a global investment organization, is excited to welcome … Read the full press release
(IN BRIEF) Neste and ITOCHU have expanded their collaboration through a licensing agreement, enabling ITOCHU to become an official distributor of Neste MY Renewable Diesel™ in Japan. This collaboration aims to increase the availability of renewable diesel in the country, … Read the full press release
Posted in Business, Energy, Gas & Oil, Finland, Industrial
Tagged Itochu, Japan, Neste, Neste MY Renewable Diesel™, Osaka-Kansai Japan Expo, Peter Zonneveld, renewable diesel, SAF, Tatsuya Tanaka
(IN BRIEF) Ericsson and MediaTek have achieved a new 5G upload speed record of 440 Mbps using Uplink Carrier Aggregation in low-band and mid-band spectrum. The test, conducted in an Ericsson lab, utilized MediaTek’s Dimensity 9200 5G smartphone chipset. The … Read the full press release
(IN BRIEF) APM Terminals Bahrain, the operator of Khalifa Bin Salman Port, has announced the launch of a groundbreaking solar power project worth BHD3.8 million (USD 10 Million). The project aims to make the port energy self-sufficient by the end … Read the full press release
Posted in Business, Energy, Gas & Oil, Environment, Industrial, Management, Netherlands, Transportation & Logistics
Tagged APM Terminals Bahrain, Bahrain, clean energy, energy-sufficient seaport, Farooq Zuberi, His Majesty King Hamad bin Isa Al Khalifa, His Royal Highness Prince Salman bin Hamad Al Khalifa, Khalifa Bin Salman Port, renewable energy, solar photovoltaic panels, solar power project, sustainable energy
(IN BRIEF) Alma Media introduces an enhanced version of Nettimökki, its cottage rental platform, to meet the growing demand for domestic travel. The COVID-19 pandemic has led to a significant increase in Finnish cottage tourism, with many families opting for … Read the full press release
Posted in Business, Finland, Internet & Online, Marketing, Media, Technology, Travel
Tagged Alma Media Corporation, cottage rental, cottages, Domestic cottage tourism, domestic travel, Finland, Finnish rental cottage marketplaces, Gofinland, holiday homes, Linda Tverin, Nettimökki, Nettivuokraus, rental cottages, renting cottages
(IN BRIEF) Rheinmetall has secured a contract from the German Bundeswehr to supply 57 heavy tractor units, known as “SaZgM 70t mil,” for transporting armored vehicles. The order, worth over €50 million, marks the conclusion of a framework contract signed … Read the full press release
(IN BRIEF) Shandong Nanshan Aluminum Co., Ltd has chosen ANDRITZ to supply two continuous heat treatment lines and one continuous process treatment line for their aluminum production in Longkou, Shandong, China. These lines will be used to manufacture aluminum and … Read the full press release
(IN BRIEF) Triton, in partnership with the Triton Smaller Mid-Cap Fund I, has successfully sold Norres Baggerman Group, a leading manufacturer of industrial plastic hoses in Europe, to Nalka DACH Investments SA SICAF-RAIF. The terms of the transaction have not … Read the full press release
(IN BRIEF) KEAS, the largest wood panel producer in Türkiye, has successfully started operations of its new fiber preparation line for Medium Density Fiberboard (MDF) production at its Balikesir mill. Supplied by ANDRITZ, the line has a capacity of 60 … Read the full press release
(IN BRIEF) PGNiG Upstream Norway, a subsidiary of the ORLEN Group, has announced a significant increase in the estimated oil reserves of the Øst Frigg Beta/Epsilon discovery. The field may contain twice as much oil as previously assumed, with recoverable … Read the full press release
(IN BRIEF) Eni, a global energy company, has launched the HVOlution program to promote the use of HVOlution, their renewable diesel fuel, among their suppliers’ vehicles involved in fuel transportation to Eni Live Stations. This initiative aims to support the … Read the full press release
Posted in Energy, Gas & Oil, Industrial, Infrastructure & Utilities, Italy, Transportation & Logistics
Tagged 100% renewable raw materials, biofuel, CO2 emission reduction, decarbonisation, energy transition, Eni, Eni Live Stations, fuel distribution chain, heavy transport, HVOlution, Italy, vegetable residue, waste raw materials
(IN BRIEF) SEB Greentech Venture Capital has acquired a stake in Esforin, a German company specializing in algorithm-based energy trading solutions. Esforin’s innovative approach optimizes supply and demand in the energy market by allowing customers to inject energy back into … Read the full press release
Posted in Banks, Energy, Gas & Oil, Financial, Germany, Industrial, Infrastructure & Utilities, Investment, Sweden, Technology
Tagged algorithm, battery storage, Christian Hövelhaus, electricity customers, energy market, Energy Services for Industry, Esforin, grid, intraday market, Markus Hökfelt, renewable energy, SEB Greentech Venture Capital, trading
(IN BRIEF) Alfa Laval, a leading provider of heat transfer and fluid handling technologies, is making significant progress in the marine industry’s fuel transition by securing a pioneering project for the installation of its methanol solutions on four container vessels … Read the full press release
Posted in Energy, Gas & Oil, Environment, Industrial, Sweden, Technology, Transportation & Logistics
Tagged Alfa Laval, decarbonization, FCM Methanol-the low-flashpoint fuel supply system, four-stroke Wärtsilä methanol engines, fuel transition, LFSS, maritime, methanol, vessels, Viktor Friberg, WinGD methanol engine
(IN BRIEF) Covestro, a global provider of polymer materials, emphasizes the need for innovative recycling technologies ahead of the UN conference on plastic pollution. The company has already achieved success with its chemical recycling method and plans to establish a … Read the full press release
Posted in Chemicals, Environment, Germany, Industrial, Management, Science, Technology
Tagged chemical recycling, CIRCULAR FOAM, Covestro, Dr Markus Steilemann, INC-2, mattress foam recycling, novel chemical recycling, OECD, plastic recycling, plastic waste, plastic waste pollution, recycling technologies
(IN BRIEF) RWE, a global renewable energy company, has acquired full ownership of the Nordseecluster, a 1.6-gigawatt cluster of offshore wind farms in the German North Sea. The cluster, consisting of four sites, was previously co-developed with Northland Power, which … Read the full press release
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