SSAB, the Swedish steel producer, saw a significant drop in earnings in Q1 but still exceeded analyst estimates, as its high-value specialty steel products mitigated the impact of lower prices and reduced demand in broader markets. The company stated that its facilities’ proximity to customers in Europe and the United States has shielded it from […]
The Fashion Commission has released a research paper titled Recycling Ihram Clothing: Environmental Sustainability in Hajj and Umrah, spotlighting the Sustainable Ihram Initiative launched in February 2025. The initiative marks Saudi Arabia’s entry into recycled fashion, aiming to transform textile waste management both locally and globally. This pioneering effort merges religious reverence, cultural heritage, and […]
Visa has partnered with Global Fashion Agenda to launch Recycle the Runway, a groundbreaking initiative aimed at nurturing the next generation of sustainable fashion creators. This global program focuses on empowering young designers to incorporate sustainability and innovation into their fashion practices, with a strong emphasis on recycling and responsible design. The initiative invites young […]
Spain has approved a €60 million grant [1] from EU funds to support the construction of a hydrogen-powered steel mill, recognized by the World Economic Forum as one of the most significant industrial decarbonization projects worldwide. This initiative, led by Hydnum, represents a crucial step toward advancing low-carbon steel production in the country. Hydnum was […]
Electra, a Colorado-based clean iron startup, has successfully raised [1] $186 million in its Series B funding round, marking a major step toward advancing sustainable steel production. The investment, led by Temasek Holdings and Capricorn Investment Group, will support Electra’s efforts to commercialize its innovative ironmaking process, which aims to reduce carbon emissions in the […]
According to an official statement, Waleid Gamal El-Dein, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), has laid the foundation stone for Chinese Xinfeng’s integrated steel industrial complex in Sokhna. The total investment in the project amounts to $1.65 billion. The project covers an area of 3.75 million square meters and […]
