Singapore-based Sembcorp Industries has made a strategic move to expand its renewable energy footprint [1] in Southeast Asia by entering the Philippine market. Through its wholly-owned subsidiary, Sembcorp Energy Philippines, the company has acquired Puente Al Sol Inc., a solar project developer, for approximately S$105 million. The acquisition will be funded through a combination of […]
The agreements have been signed with Hafeet Rail Infrastructure, the region’s first cross-border rail network connecting Oman and the UAE. Emsteel, the region’s largest publicly traded steel and building materials manufacturers, has established strategic partnerships to streamline raw material sourcing from Oman and cross-border rail transport. Emsteel has formalized agreements with Hafeet Rail Infrastructure, the […]
Following its impactful debut in 2024, BharatTex 2025 returns on a grander scale, covering the entire textile value chain. As the Indian textile industry pushes towards its ambitious USD 300 billion target by 2030, Birla Cellulose, the fibre business of the Aditya Birla Group, is set to make a significant impact with its latest innovations […]
On Thursday, the world’s second-largest steelmaker projected an improvement in steel demand for 2025 and announced that its annual investment budget would remain in line with the previous year’s. This came after its fourth-quarter earnings surpassed market expectations. By 10:42 GMT, the company’s shares had surged 6.6%, reaching their highest level since April 2024. “Expectations […]
In a major move toward sustainability, Gore-Tex, a well-known brand in high-performance outdoor clothing, is testing a new online repair service in the UK. By extending the lifespan of Gore-Tex items, this program hopes to cut down on textile waste and promote a move away from throwaway fashion. Gore-Tex is giving clients immediate access to […]
Oman is gearing up to harness its renewable energy potential to power its Artificial Intelligence (AI) initiatives [1], according to the Ministry of Transport, Communications, and Information Technology. Eng. Said bin Hamoud al Maawali, the Minister, emphasized the importance of preparing for the expected surge in electricity demand driven by AI, which is projected to […]
