Germany’s manufacturing sector ended 2024 on a sour note, with sharper drops in both output and new orders, signaling continued struggles for the industrial backbone of Europe’s largest economy, a survey showed on Thursday. The HCOB Germany Manufacturing Purchasing Managers’ Index (PMI), compiled by S&P Global, fell to 42.5 in December from 43.0 in October […]
The New Jersey offshore wind project, Leading Light Wind, is seeking a second delay due to ongoing supply chain challenges [1]. The project, a collaboration between Chicago-based Invenergy and New York-based energyRE, aims to build up to 100 turbines 40 miles off Long Beach Island, enough to power 1 million homes. The developers have struggled […]
In a move to combat climate change, the Indian government is set to launch a Rs 15,000 crore “Green Steel Mission” aimed at reducing carbon emissions from the steel Industry, currently accounting for 10-12% of India’s total emissions, says reports. The initiative is inclusive of a Production Linked Incentive (PLI) for Green Steel, renewable energy […]
Hazira, Surat in India witnessed a tragic accident on Tuesday, with a fire taking place at the steel plant, leading to the tragic death of four workers and one injured. The incident occurred on Tuesday evening at ArcelorMittal Nippon Steel India’s facility, as per reports. Anupam Singh Gehlot, the Surat Commissioner of police, reported that […]
Japan’s Nippon Steel has proposed to the `U.S. government a Veto Power over any potential cuts to U.S. Steel’s production capacity to secure President Joe Biden’s approval for acquiring the American steelmaker, a Source reported on Tuesday. After the Committee on Foreign Investment in the United States (CFIUS) referred Biden the decision to approve or […]
The U.S. Department of Energy has initiated an environmental impact assessment [1] for the proposed Northwest Hydrogen Hub, which was selected as one of seven regional hydrogen hubs in a nationwide competition last year. The assessment aims to evaluate potential environmental risks associated with developing hydrogen projects in the region, which includes Washington, Oregon, and […]
Saudi Arabia’s ACWA Power has announced its entry into the Chinese renewable energy market [1] securing over 1 gigawatt (GW) of renewable energy projects. The portfolio includes multiple solar photovoltaic (PV) and wind energy projects spread across several provinces in China. These projects are in the advanced stages of development and will be jointly owned […]
POSCO has been recognized as the “World’s Most Competitive Steelmaker” for the 15th consecutive year. The announcement came from World Steel Dynamics (WSD), a global steel analysis institution, which revealed the results of its 2024 World-Class Steelmaker Rankings on December 22 in New York. Established in 1999, WSD has evaluated steel companies worldwide since 2002 […]
The European Fashion Alliance has released its latest report, The Status of European Fashion Report 2024 [1], providing a comprehensive exploration of the current landscape of the European fashion industry. The report emphasized the urgent need for sustainability, innovation, and collaboration across the sector, highlighting the critical role of creativity in driving positive environmental and […]
A newly formed American-owned and operated solar cell and module manufacturer, NuVision Solar, has announced its entry into the US market [1]. The company plans to establish a manufacturing facility in West Palm Beach, Florida, with an annual production capacity of 2.5 gigawatts (GW) of heterojunction technology (HJT) solar cells and modules. NuVision Solar aims […]
Indonesia is taking significant strides towards achieving energy self-sufficiency, not just in oil and gas, but also in renewable energy. The country’s Minister of Energy and Mineral Resources, Bahlil Lahadalia, announced that Indonesia is implementing [1] strategic measures to boost renewable energy capacity significantly in the coming years. One of the key initiatives is the […]
The International Cotton Advisory Committee (ICAC) has released a comprehensive report [1] focusing on soil health in cotton farming methods. The report highlights the critical role of healthy soils in enhancing cotton productivity and sustainability, especially in the face of climate change. The report emphasized the importance of regenerative agricultural practices, such as cover cropping […]
Smartex has released the second edition of its Modern Textile Factory (MTF) Report, The Textile Data Highway [1]. The report delves into how a seamless data highway is transforming textile supply chains by leveraging high-quality, communicable, and actionable data to optimize operations, enhance product quality, and drive sustainability. The report highlights the importance of resource […]
Teijin Limited has announced an investment in Circularise B.V., a company based in The Hague, Netherlands, that develops product traceability management systems using blockchain technology. This strategic move will see Teijin implementing Circularise’s software to enhance visibility into its global supply chain. Circularise’s proprietary “Smart Questioning” solution utilizes Zero-Knowledge Proof (ZKP) technology, providing both anonymity […]
Textile Exchange, a leader in driving sustainable practices in the fashion, apparel, and textile industry, has released its latest report titled Reimagining Growth Landscape Analysis. The comprehensive report examines the prevailing linear “take-make-waste” business model of the industry and calls for a fundamental shift away from unchecked resource consumption. The report highlights that the industry’s […]
The world’s largest cotton sustainability program, Better Cotton, has joined the Make the Label Count coalition [1] to advocate for more accurate and science-based sustainability metrics in the fashion and textile industries. The coalition, which includes over 50 natural fiber organizations and environmental groups, is calling for an urgent revision of the European Commission’s Product […]
Vietnam has recently enacted a new Electricity Law [1], which will take effect on February 1, 2025. This law aims to address the challenges faced by Vietnam’s energy sector and create a robust legal framework to support the development of renewable energy. The previous law, which had been in effect for nearly 20 years, was […]
In a groundbreaking collaboration, reports say GE Vernova’s Advanced Research Center (ARC) has provided a 3.4 MW-140m wind turbine to the National Renewable Energy Laboratory (NREL), the United States’ leading wind research facility. Funded by the Department of Energy (DOE), this initiative underscores the growing partnership between the private sector and government to drive innovation […]
German business associations have expressed concerns about worsening economic conditions, with many predicting further challenges in 2025, according to a survey released on Friday by the German Economic Institute (IW) “The German economy won’t get off the ground in 2025 either,” said IW Director Michael Huether in a report by Reuters. German business associations gave […]
HBIS Group, steel manufacturer based in Hebei province, is advancing its green transformation by harnessing hydrogen energy, a move its chairman, Yu Yong, described as groundbreaking for the steel industry as per reports by China Daily. “Hydrogen energy is hailed as the ultimate energy source in the 21st century, and replacing carbon with hydrogen can […]
Bilfinger, a leading industrial services provider, has partnered with Cerulean Winds [1] to spearhead the North Sea’s renewable energy transition. Bilfinger will serve as the operations and maintenance (O&M) partner, bringing decades of experience in development planning and a deep understanding of the offshore energy sector. The collaboration focuses on the development of three floating […]
President-elect Donald Trump has expressed strong opposition to offshore wind [1], promising to halt these projects “on Day 1” of his term. This stance threatens the timelines set by eight states—Connecticut, Maine, Maryland, Massachusetts, New York, North Carolina, Rhode Island, and Virginia—that have passed mandates to achieve specific offshore wind power targets. Massachusetts state Sen. […]
Vestas announced [1] a significant order from SSE Generation Limited for the Strathy South wind energy project in Scotland. The order includes the supply, delivery, installation, and commissioning of 35 V162-6.2 MW wind turbines, marking the first deployment of this turbine model in the UK. James Robinson, Vestas UK Country Manager and Sales Director for […]
Solarstrom Grebs GbR, a German private investment company, has announced an ambitious plan to transform unused land [1] into a state-of-the-art solar installation in Brandenburg. This project aims to install a 922 kW community solar farm on 0.7 hectares of previously unused land, providing clean and affordable energy to approximately 250 households in the local […]
Fervo Energy, a leader in next-generation geothermal development, has announced securing an additional $255 million in funding and capital availability [1]. This funding will support the construction of the world’s largest enhanced geothermal systems (EGS) power development. The funding includes $135 million in corporate equity led by Capricorn’s Technology Impact Fund II, along with new […]
Tata Steel and JSW Steel saw significant gains as the Directorate General of Trade Remedies (DGTR) launched an investigation into rising steel imports. Analysts anticipate structural relief measures, with price targets set at ₹190 for Tata Steel and ₹1,085 for JSW Steel. Shares of Tata Steel and JSW Steel surged on December 23 after the […]
GMM Pfaudler to Establish Manufacturing Facility in Poland with 51% Stake in Polish Firm GMM Pfaudler Ltd, a global leader in corrosion-resistant technologies, announced plans to set up a manufacturing unit in Poland to enhance its production capabilities in Europe. The company, through its German subsidiary Pfaudler GmbH, signed an Investment and Shareholders’ Agreement on […]
Nozomi Energy has announced its largest acquisition to date [1], consisting of 12 operational solar projects with a combined capacity of 312 MW. Nozomi Energy is a Japan-focused renewable energy platform established by Actis. This acquisition brings Nozomi Energy’s total installed capacity to over 400 MW within 18 months of its launch. This progress positions […]
Nexamp, a leading developer of community solar projects, has partnered once again with Walmart to develop 31 new community solar projects [1] across five states in the United States: Maine, Massachusetts, New York, Illinois, and Minnesota. This partnership aims to generate over 120 megawatts (MW) of renewable energy, providing substantial benefits to local communities. The […]
For the first eight months of the fiscal year ending in March 2025 showed that India’s finished steel imports from China, according to provisional government data, say reports. The surge has raised concerns among domestic steel producers about the impact of low-cost imports from China. In response, the government has launched an investigation to determine […]
Biden’s Final Month in Office Focuses on Key Policy Goals including Gaza ceasefire, Ukraine aid With one month remaining in his term, U.S. President Joe Biden is prioritizing several foreign and domestic policy initiatives before President-elect Donald Trump takes office. According to White House aides and an internal memo obtained by Reuters, Biden’s agenda is […]
Researchers at the Centre for Material Forming at PLS University in Sophia Antipolis in France, have proposed a unique numerical decision-making framework to protect solar panels from extreme weather conditions. This innovative method combines advanced wind simulations with artificial intelligence and machine learning to optimize individual solar panel angles under strong winds. Unlike previous methods, this […]
Canopy has released its annual Hot Button Report for 2024 [1], tracking the sustainability progress of man-made cellulosic fiber (MMCF) producers. The report reveals encouraging strides and critical areas for growth in the MMCF sector, with 97.5% of global production now represented. This year, 71% of rated producers earned green, partial dark green, or dark […]
The Leather Working Group (LWG) has released a comprehensive Life Cycle Assessment (LCA) report [1], conducted by Spin 360, analyzing the environmental impact of producing one square meter of finished leather. The report evaluates 50 leather products across six categories, including footwear, furniture, leather goods, and automotive upholstery, covering the entire production process from raw […]
Sportswear giant Puma has signed a multi-year, non-binding Letter of Intent (LOI) with Woodspin [1], to secure volumes of wood-based Spinnova fiber for future collections. Woodspin is a joint venture between Spinnova and Suzano. This collaboration aims to showcase the potential of sustainably sourced and renewable raw materials to transform the fashion industry. The partnership […]
Despite numerous meetings and calls with U.S. officials and three revised proposals aimed at addressing national security concerns, Nippon Steel has been unable to secure approval from a key panel overseeing its $14.9 billion bid for U.S. Steel, according to an exclusive letter reviewed by Reuters. The letter, sent on Saturday, sets the stage for […]
SSAB Secures Permit to Build Mini-Mill in Sweden, Set to Replace Current Steel Plant SSAB has been granted the required permit by the Land and Environmental Court in Umeå to construct and operate a mini-mill in Luleå, Sweden, which will replace the existing steel plant. The approval will enable the company’s technological shift, promising positive […]
Sojitz, Nippon Steel to Invest in Champion Iron’s Canada Mining Project Japanese steelmaker Nippon Steel and trading house Sojitz will buy a 49% stake in the company’s Kami project in Canada for C$245 million ($170.41 million), as per reports. Sojitz Corporation has reached an agreement with Champion Iron Limited and Nippon Steel Corporation to participate in the […]
Stand.earth’s latest report “Fracked Fashion” [1], highlights how the fashion industry contributes to the fracking-derived petrochemical sector through its use of virgin polyester. The report reveals that over 100 fashion brands, including major names like H&M, Puma, and Adidas, have supply chains linked to oil and gas fracking in the Permian Basin in Texas. The […]
The Zero Discharge of Hazardous Chemicals (ZDHC) Foundation, a global chemical management group, has released the Recycled Polyester Guidelines V1.0 and Industry Standard Implementation Approach V1.0 [1] to address sustainable chemical management in recycled polyester production. These guidelines provide comprehensive requirements for input, process, and output management, covering both bottle-to-textile and textile-to-textile recycling processes. The […]
The Union Steel Minister H.D. Kumaraswamy has reportedly assured the Visakhapatnam Ukku Parirakshana Porata Committee (VUPPC) that the Centre will provide financial assistance of ₹10,000 crore by January 15, 2025, to support the revival of Visakhapatnam Steel Plant (RINL-VSP). VUPPC representatives J. Ayodhya Ram, V. Srinivasa Rao, D. Adinarayana and Mantri Rajasekhar met Mr. Kumaraswamy […]
The U.S. Government Accountability Office (GAO) has released its first-ever report addressing the environmental and systemic challenges [1] posed by the growing surplus of discarded textiles. This landmark report marks the first federal acknowledgment of textile waste as a significant concern in the United States. According to the report, textile waste has surged by 50% […]
Cascale, formerly the Sustainable Apparel Coalition, launched the U.S. Policy Member Expert Team (MET) [1]. MET is an advisory group that defines policy priorities and guides regional advocacy strategies for the textiles, apparel, and consumer goods sectors. The expert team comprises of representatives from leading brands, manufacturers, and affiliates, bringing together industry expertise to provide […]
Cambodia, Costa Rica, India, Ecuador, Mongolia, Pakistan, Peru, Trinidad and Tobago have joined forces to launch a $45-million, six-year initiative [1] aimed at reducing hazardous chemicals in the fashion and construction industries. The initiative is funded by the Global Environment Facility (GEF). This ambitious program, led by the United Nations Environment Programme (UNEP), the United […]
The U.S. Environmental Protection Agency (EPA) has published final updates to its Recommendations of Specifications[1], Standards, and Ecolabels for Federal Purchasing. These updates aim to assist federal government purchasers and other buyers in selecting more sustainable products, climate-friendly, and contain safer chemical ingredients. This marks the recommendations’ first comprehensive evaluation and expansion in nearly a […]
Electra, headquartered in Boulder, Colorado, has signed a memorandum of understanding with German steel and raw materials trader Interfer Edelstahl Group to partner on clean iron production for specialty steel. Electra is a producer of low-carbon iron and is transforming the environmental footprint of the iron and steel industry by utilizing chemistry and renewable energy […]
China’s crude steel production dropped by 4.3% in November compared to October, driven by lower profit margins and seasonal weakening in demand, according to official data released on Monday. The National Bureau of Statistics (NBS) reported that the world’s largest steel producer manufactured 78.4 million metric tons of crude steel last month, down from 81.88 […]
In response to the fashion industry’s climate crisis, Yoox Net-A-Porter (YNAP) announced several new members joining its Fashion Leap for Climate educational project, which was started in 2022 in collaboration with About You and Zalando. Cascale, a non-profit global alliance, also joins as a strategic partner, offering the programme to select members of its global […]
The United Nations Convention to Combat Desertification (UNCCD) launched a new publication, “Fashion and Land” [1], at COP16 in Saudi Arabia. The report explores the significant impact of the fashion industry on land use, soil health, and degradation through its fiber choices and production practices. The UNCCD’s report underscores the profound impact of the fashion industry on […]
Australian green hydrogen producer Hysata announced on Friday that it has entered into agreements with South Korean steelmaker POSCO and its POSCO Eco & Challenge unit. The partnerships aim to advance electrolyser technology for green hydrogen production, says Reuters. These collaborations highlight the growing synergy between the global steel industry and the green hydrogen sector, […]
As per the released 2024 edition of the Latin American Economic Outlook (LEO): Financing Sustainable Development, American and Caribbean (LAC) countries should enhance tax collection and expenditure, upgrade public debt management, and mobilise more private resources so as to finance their aspiring development agendas. The 17th edition of the report argues that LAC’s sustainable financing gap […]
Modon, a master developer, and EMSTEEL Group, the UAE’s largest steel and building materials manufacturer, have signed an MoU reflecting a strategic alliance to confirm Modon as the first real estate developer to use low-carbon steel in the UAE. This partnership is vital in driving the construction industry’s transition toward sustainability and decarbonization. Aligned with […]
Vale Ventures, the corporate venture capital arm of Brazilian mining company Vale, announced on Thursday its investment in a Boston-based startup dedicated to creating solutions for decarbonizing heat generation, reported Reuters. The firm, Electrified Thermal Solutions, owns technology for heating industrial furnaces through electricity, without the use of fossil fuels, the mining giant said. According […]
India’s Steel Ministry has unveiled a new framework for defining “green steel,” introducing three categories based on carbon emissions during production. According to the guidelines, steel with carbon dioxide emissions below 2.2 tonnes per tonne of the finished product will be classified as “green steel”, reported Reuters based on a ministry presentation released in News […]
Tivolt Electric Vehicles, part of the Murugappa Group’s TI Clean Mobility division, has got together with Tata Power Renewable Energy Limited (TPREL) to advance EV charging infrastructure for commercial vehicles across India. The two companies penned a Memorandum of Understanding (MoU) to leverage Tata Power’s proficiency in EV charging and Tivolt’s expanding presence in the electric small […]
The CEO of energy equipment manufacturing and services company GE Vernova has announced that data centers are progressively targeting natural gas over renewable alternatives such as onshore wind. Scott Strazik stated that this is illustrated in the turbine manufacturer’s “humble” wind order sheet, and does not expect significant interest in onshore wind from the data […]
As a brand new pace towards renewable energy, BP in partnership with JERA, a leading Japanese energy company, developed a new company called JERA Nex bp, which aims to develop offshore wind energy. By 2030, the company plans to invest $5.8 billion. This project highlights the transformation of BP from focusing mainly on oil and […]
Hydrom, the Sultanate of Oman’s green hydrogen orchestrator, has revealed plans for its third round of green hydrogen auction , set to launch in early 2025. The announcement was made during the inaugural Green Hydrogen (gH2) Investor Day, an event that brought together over 400 global stakeholders, investors, and industry leaders to highlight Oman’s progress […]
Employees at Thyssenkrupp’s steel unit are pressing co-owner Daniel Kretinsky for clarity on his plans for the division, with a labor leader cautioning that his silence signals potential challenges for future cooperation. Reuters reported, “I am very open with regard to the question of investors,” said Knut Giesler, who heads the IG Metall union in […]
London Fashion Week (LFW) has announced a landmark ban on exotic animal skins [1], including crocodiles, alligators, snakes, and other wild animal leathers, from their runway collections. This move extends the ban on fur introduced last year. LFW is the first of the “big four” fashion weeks—alongside New York, Milan, and Paris—to implement such a […]
Systemiq Ltd. has released an in-depth study outlining a roadmap to transition the US PET packaging [1] and polyester textile industries from linear, single-use systems to circular frameworks by 2040. This transformation aims to halve waste and create 46,000 new jobs in the US. The report, titled Transforming PET Packaging and Textiles in the United […]
India’s steel production is surging, but its heavy reliance on coal-fired plants raises significant environmental concerns. As the country targets net-zero emissions by 2070, the growth of its steel sector presents a conflict with national decarbonization goals, says Economic times. The government’s National Steel Policy focuses on building emissions-intensive coal-fired blast furnaces with plans to […]
Recent reports shows that the head of a labor union opposing the sale of U.S. Steel to Japan’s Nippon Steel commented that he has not received assurances that the to-be owners are committed to ensuring the lasting success of the strategic U.S. firm. Nippon Steel’s $15 billion takeover bid, criticized by President Joe Biden and President-elect […]
The B.C. government has granted approval for nine wind energy projects — including one on Vancouver Island — so as to help power the province’s economy and illuminate 500,000 homes, Premier David Eby declared on Monday. B.C. Hydro opted the wind power projects immediately after gaining a strong response to its call for fresh renewable […]
German Environmental Aid (DUH) has filed a lawsuit against Adidas AG [1] at the Nuremberg-Fürth Regional Court, challenging the sportswear giant’s pledge to become “climate neutral” by 2050. The environmental organization claims that Adidas’s advertising campaign lacks concrete details on how the company plans to achieve this goal, accusing the company of “greenwashing.” DUH’s Federal […]
Popular international brand Uniqlo is facing backlash from Chinese consumers following remarks made during a BBC interview [1] by its chairman, Tadashi Yanai, about not sourcing cotton from Xinjiang, a region in China’s far west. Yanai’s comments have sparked discussions on Chinese social media, with some users calling for a boycott of Uniqlo products. Fast […]
In a rock chip and soil sampling program at its Tango lithium and Barbara projects in Canada, lately revamped Bayan Mining and Minerals (ASX: BMM) has pointed out high-value gallium potential in assay. Bayan made an announcement last week that it had received assent for modifying company’s name from Balkan Mining and Minerals. The company has […]
Experts from home and abroad at the launch of the Global Development Report 2024 in Beijing on Friday stated that global unity and cooperation are necessary to overcome today’s complex challenges and building a sustainable future for all. As per Sudheendra Kulkarni, founder and chairman of the Forum for a New South Asia, “All these […]
Saudi Arabian online cosmetics retailer Nice One Beauty has announced plans for an initial public offering (IPO) [1] aiming to raise up to 1.21 billion riyals ($322 million). The company will offer a 30% stake at 32 riyals to 35 riyals per share, valuing the firm at 4 billion riyals at the top end of […]
In a groundbreaking development, BASF has introduced a new biopolymer grade [1], ecoflex BMB, which is being used in the first-ever running shoe midsole. The innovative midsole, developed by ultrarunning brand Mount to Coast, combines high performance with sustainability. The CircleCELL™ midsole, made from BASF’s ecoflex BMB, is 90% more durable than traditional midsoles while […]
German Chancellor Olaf Scholz has indicated that the German government may consider acquiring a stake in Thyssenkrupp’s steel business, he said in an interview with a German newspaper. However, earlier this year, Thyssenkrupp sold a 20% stake in its steel division to Czech billionaire Daniel Kretinsky and is currently in discussions to sell an additional […]
Pollution from coal-based steel production has been causing hundreds of premature deaths each year, with people in the Great Lakes region bearing much of the burden, according to a recent report. In October, the nonprofit research group Industrious Labs reported about 17 coal-based steel plants and coke facilities operating in the United States, causing health […]
China is seeking public feedback on new guidelines aimed at standardizing greenhouse gas emissions from the steel industry, the Ministry of Ecology and Environment said on Friday, reported Reuters. The move is part of efforts to prepare steel mills for their entry into the nation’s carbon market. The draft plan, released in September, drafted an […]
New Delhi Municipal Council (NDMC) has set a target to attain a total renewable energy-based electricity supply in its dominion by Dec 2026, says reports on economic times. NDMC has finalised their prime arrangements with the Solar Energy Corporation of India (SECI) to draw 200 MW of solar power over 25 years, and work is […]
As per the latest IEA-PVPS report, in partially shaded PV generators, string inverters (SINV) can surpass module-level power electronics (MLPE). The technical report, “Performance of Partially Shaded PV Generators Operated by Optimized Power Electronics 2024,” highlights the recent obstacles of partial shading in PV systems and assess the most recent technological transformation for upgrading energy […]
India’s finished steel imports from China soared to an all-time high in the first seven months of the current financial year (April-October 2024), according to the data reviewed by Reuters, leaving hundreds of small Indian steel producers struggling with heightened competition from the world’s largest steel producer. China shipped 1.7 million tons of finished steel […]
Iberdrola, Spain’s leading electric utility company aims to construct the largest hydroelectric power plant in Western Europe. As per company’s statement, the project will commence from next year on Conso II, a pumped storage power plant, or Giga battery, in the Sil basin in Ourense in the country’s northwestern region of Galicia. The company has lately […]
As part of its progressing renewable energy advancement, ACEN Corporation intends to invest $ 1.5B in an enormous solar farm and energy storage system. Irene Maranan, ACEN senior vice president and head of corporate communications and sustainability stated to the Inquirer about the replacement of the coal plan in Batangas, the 246-megawatt (MW) South Luzon […]
Financier CVC DIF has finalised the marketing of a 170MW operational wind portfolio in Uruguay. The sale of the Cerro Grande and Peralta wind farm projects to Pluspetrol was accomplished by the funds of investor’s DIF Infrastructure V (DIF V) and DIF Infrastructure VI (DIF VI). Consisting of the 72 Enercon E-92 turbines, the portfolio […]
Swedish fast fashion giant H&M has signed a green energy deal [1] with Power Engineering Consulting Joint Stock Company 2 (PECC2) to facilitate its Vietnam-based suppliers’ transition to renewable energy sources. H&M Vietnam and PECC2 signed a Memorandum of Understanding (MoU) to cooperate under the Direct Power Purchase Agreement (DPPA) mechanism. The deal, signed on […]
Solar energy startup Glow has attained $30 million in a recent funding round jointly led by Framework and Union Square Ventures. According to the statement of Glow in a press release, the raised financial resources will be used to decentralize the global energy grid and hasten the adoption of renewable energy in India and all […]
The Indian Energy Exchange (IEX) noted a remarkable hike in electricity trade volumes in November 2024. As per a regulatory filing, IEX attained a trading volume of 9,689 million units (MU) during November 2024, labelling an increase of 15.7 percent year-on-year (YoY). The renewable energy certificate (REC) faced a decline in spite of the hike […]
India’s construction boom, with gleaming highrises and expanding multilane highways, was expected to boost domestic steel sales. However, Jogindra Group’s mills in northern Punjab are currently facing a surplus of unsold inventory. The inexpensive Chinese steel has put significant pressure on India’s smaller steel mills, forcing many to scale back operations and contemplate job cuts. […]
The Fair Wear Foundation, a multi-stakeholder initiative focused on garment workers’ rights, has announced a significant partnership with the European Outdoor Group (EOG) [1], the association representing the European outdoor industry. This collaboration aims to drive long-term improvements in workers’ rights and enhance human rights due diligence across the outdoor apparel supply chain. The partnership […]
On Monday, U.S. President-elect Donald Trump said that a set of tax incentives and tariffs would bring back the iconic American firm U.S. Steel. He also reiterated his opposition to Nippon Steel’s proposed $15 billion purchase of the company. “I am totally against the once great and powerful U.S. Steel being bought by a foreign […]
Executive Vice-President Stephane Sejourne said on Tuesday that the European Commission would look into ways to extend measures to limit steel imports as part of an overall plan to protect the sector with the intention of decarbonizing. Reuters reported that Sejourne, the French commissioner responsible for the European Union’s industrial policy, told reporters during a […]
Commerz Real for its Klimavest sustainable infrastructure investment fund has took over a new 57.6MW wind farm in the Irish midlands. Through the takeover of Moanvane Wind Farm in County Offaly, Klimavest is making its debut into the Irish renewables sector. The wind farm which is stationed about a 90-minute drive west of Dublin has […]
Government ministers are considering renationalizing British Steel in a final effort to protect thousands of jobs, as tensions increase amid a standoff between the government and the company’s Chinese owners over a £1 billion investment. Jonathan Reynolds, the business secretary, is in talks with British Steel and its owner, Jingye, about how much each party […]
In a landmark decision, the Council of the European Union has adopted a regulation [1] prohibiting the sale, import, and export of products made using forced labor, including textile products. This regulation, approved on November 19, 2024, aims to eradicate forced labour within the EU market and promote global human rights. This is the last […]
The North African nation is making investments so as to demonstrate itself as a superior in the renewable energy sector with a target of 52% of its total energy attained from renewable sources by 2030. Former Tesco boss, Dave Lewis stated that he has thoughts in granting energy to Great Britain from Morocco. According to […]
In order to achieve East Central Railways’ decarbonization goals and the nation’s net-zero emissions target, O2 Power has penned a Power Purchase Agreement (PPA) to grant 100 MW of renewable energy to East Central Railways. As per the company statement, renewable energy under this pact will be granted from O2 Power’s installed capacity of 360 […]
South Korea’s steel-to-battery materials conglomerate POSCO Group plans to invest in Neuromeka Co., the country’s leading collaborative robotics manufacturer, to boost its struggling steel business through factory automation and seek new growth opportunities, as reported by The Korean Economy Daily. On Friday, Neuromeka announced it would issue 10 billion won ($7.2 million) in convertible bonds […]
President-elect Donald Trump has announced plans to establish a National Energy Council aimed at advancing American “energy dominance” on the global stage as he seeks to boost U.S. oil and gas drilling and move away from President Joe Biden’s focus on climate change. The energy council, which will be led by North Dakota Governor Doug […]
A survey of 18 major steelmakers revealed that many are lagging in the transition to low-carbon production, with some still relying entirely on fossil fuels for their energy needs, reported by Reuters. Steel production accounts for 7% of global Carbon dioxide emissions, roughly equivalent to India’s total emissions, with coal-fired blast furnaces generating 2 metric […]
The UAE’s clean energy leader has announced the successful completion of its acquisition of a 70% stake in TERNA ENERGY SA, purchasing the shares from GEK TERNA SA and other shareholders. The deal, valued at €20 per share, was finalized following the receipt of all necessary regulatory approvals. The transaction, which values TERNA ENERGY at […]
Shares of state-owned Steel Authority of India Ltd (SAIL) are expected to attract attention on Friday following the company’s announcement of a partnership with the Indian subsidiary of John Cockerill Group to implement green technologies in iron and steel production. The collaboration marks a key step in SAIL’s commitment to modernizing traditional steelmaking practices with […]
Fashion for Good, a global platform committed to fostering innovation in the fashion industry, has launched the Feedstock Assessment for Biosynthetic Innovation [1]. This ambitious initiative, undertaken in collaboration with leading brands such as Bestseller and On and the nova-Institute, aims to pivot the fashion industry away from its reliance on fossil-fuel-based polymers. The project […]
In a growing trend of cross-industry collaboration in sustainable luxury design, BMW has partnered with British Vogue [1] to celebrate emerging talent through their Future Creators Design Competition. This is the first collaboration of its kind between automotive and fashion design. The competition invited aspiring designers, including students and recent graduates, to create pieces inspired […]
Green Theme Technologies (GTT) and Golden Long John have partnered to integrate [1] cleaner and more efficient fabric dye and finishing technologies, as part of the efforts towards sustainable textile production. This collaboration aims to address the environmental impact of traditional textile manufacturing, which generates trillions of gallons of wastewater each year. GTT, known for […]
