(IN BRIEF) BayWa AG has agreed to sell Cefetra to Peter Goedvolk’s First Dutch, subject to regulatory approval, trimming its bank debt by over €650 million. Combined with a €500 million liability reduction from Raiffeisen Ware Austria shares earlier in … Read the full press release
Posted in Agriculture, Business, Economy, Financial, Germany, Government, Industrial, Investment, Management, Marketing, Netherlands, News, Technology
Tagged agricultural equipment, agriculture, antitrust approval, BayWa AG, building materials, Cefetra, debt reduction, divestment, Dr Frank Hiller, First Dutch, global supply chains, Heating & Mobility, liquidity, Michael Baur, partnership, Peter Goedvolk, Raiffeisen Ware Austria, transformation strategy
(IN BRIEF) OMV has secured up to EUR 81.6 million from the EU Innovation Fund through a grant agreement signed by CINEA to develop its industrial ReOil® facility. This historic funding, the largest public grant OMV has ever received for … Read the full press release
Posted in Austria, Belgium, Business, Chemicals, Energy, Gas & Oil, Environment, Financial, Government, Industrial, Infrastructure & Utilities, Investment, Management, News, Technology
Tagged chemical recycling technology, CINEA, circular economy, climate neutral by 2050, CO2 emission reduction, EU Innovation Fund, EUR 81.6 million, industrial ReOil facility, low-carbon technologies, Martijn van Koten, mixed plastic waste, OMV, OMV Schwechat refinery, partnership, public grant, ReOil®, sustainability, transformation strategy, used plastics, Vienna
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