Cleveland-cliffs Inc. (cliffs) has successfully acquired Stelco Holdings Inc., steelmaker in North America, providing technologically advanced and integrated products. This Acquisition provided Cliffs a new position in the global steel industry as the largest falt-rolled steel producer in North America. The acquisition is aimed at diversifying Cliffs’ end markets and expanding its geographical presence in […]
During the Future Investment Initiative conference held in Riyadh from October 29 to 31, Saudi Arabia’s Energy Minister, Abdul Aziz Bin Salman, announced the country’s position as the leading producer of green and clean hydrogen, ready to export it globally. Salman emphasized the nation’s strategy to diversify its economy, enhance value, ensure supply chain flexibility, […]
China has introduced a comprehensive 17-point plan aimed at transitioning to renewable energy while gradually reducing coal usage to enhance energy security and support its climate commitments. The National Development and Reform Commission (NDRC) emphasizes a safe and orderly energy transition across various industries, targeting a renewable energy consumption equivalent to over 1.1 billion tonnes of […]
The Arab Development Establishment (ADE) and Schneider Electric have officially inaugurated their joint venture manufacturing facility, TAQANA Energy Solutions, in Abu Dhabi’s Industrial City. The opening ceremony was attended by key dignitaries, including government officials and industry leaders, and aligns with the UAE’s “Make it in the Emirates” initiative. His Excellency Omar Al Suwaidi […]
Microsoft has announced initiatives to reduce the embodied carbon footprint of its data centers, notably the latest development, using wood in construction to replace steel and concrete. Microsoft had set 2030 goals to become carbon-negative by reducing Scope 3 emissions by more than half compared to 2020; the company reported that Scope 3 emissions in 2023 […]
Masdar, the UAE’s leading clean energy company, has announced that it is postponing its target of achieving 1 million tons per year of green hydrogen capacity beyond 2030. The firm’s press office indicated that the new target will extend over the next decade, although specific reasons for the delay were not provided. Masdar is actively […]
Sae-A Trading, the global clothing manufacturer, has joined the Fashion Forever Green Pact, a global FSC initiative that unites fashion leaders in fostering sustainable forest management. As a voluntary participant, Sae-A Trading aligns with this industry-wide effort to protect forests and promote responsible materials sourcing.The Fashion Forever Green Pact promotes apparel companies using forest-based materials […]
The Centre for Sustainable Fashion at London College of Fashion, University of the Arts London (UAL), has announced the launch of a pioneering new programme in partnership with global luxury group Kering. Titled Governance for Tomorrow, the three-year initiative celebrates the tenth anniversary of the organisations’ partnership, aiming to reform governance in the luxury fashion […]
