South Australia– Lincoln Minerals is making a bold move in South Australia’s push for a green steel industry, unveiling plans to develop its vast Green Iron magnetite project on the Eyre Peninsula. The project, boasting an impressive 1.1 billion tonnes of magnetite, positions the company as a key player in the state’s ambition to produce low-carbon steel […]
South Wales – Tata Steel’s Port Talbot plant, the largest steelworks in the UK, has, for almost a century, stopped production officially, leading to a very critical day in the country’s economic and industrial sector. The shuttering is anticipated to cause nearly 3,000 job cuts and affect thousands more in the region of South Wales through the […]
Australia and China have agreed to collaborate in areas like investment, trade, and decarbonisation as per the reports by Australian Treasurer Jim Chalmers during his visit to Beijing. Beijing, China — The Australian Treasurer, Jim Chalmers’ trip to China, the first of its kind in the last seven years, signifies improvements in the relations between China and […]
Bucharest, Romania — Ussuri Capital, a Turkish investment company, recently revealed that a total of €60 million ($67.09 million) will be funded by equity investment for the construction of the first service center in Romania. The first phase of the project will require a total investment of €160 million. The untied funds will partially support land […]
Düsseldorf, Germany – Management of Germany´s Thyssenkrupp will propose reorganizing the steel division after several board members quit over heavy losses from an initial plan to split it, business daily Handelsblatt reported. The changes arrive at a time when the crisis-ridden industrial group is mired in internal discord over leadership transitions. Dirk Schulte, former Chief Human […]
Nippon Steel, Japan’s largest steelmaker, said on Tuesday it would sell its stake in South Korea’s POSCO Holdings as part of an effort to improve ‘Asset efficiency’. The value of the divestiture is around $800 million and includes 2.9 million shares, representing approximately 3.4 percent of POSCO’s outstanding shares at current market prices. The sale […]
United States Steel Corporation (U.S. Steel) is the first company to be awarded the ResponsibleSteel™ – status in the world, a significant milestone in the sustainability aspirations of the industry. Big River Steel facility, situated in Osceola, Arkansas, located in the U.S. Steel Indiana Harbor Complex received such accreditation after complying with various Responsible Steel […]
A major step in the European steel industry is the issuance of the first green bond by the voestalpine Corporation which has bent over backward in all its endeavours. A total of EUR 500 million was raised through the debut green corporate bond by voestalpine. For the first time in the history of the European […]
Geert Van Poelvoorde, the CEO of the steel magnate ArcelorMittal Europe, has urged both the European Union and the Polish government to take actions aimed at fostering the rebirth of the steel industry. During the celebration of the 2 decades that it has been in charge of the Polish firm, Geert Van Poelvoorde and the […]
Steel Industry will have to cut emissions 90 percent by 2050 to reach net-zero Emissions. E-commerce and cloud software powerhouse Amazon and building technology company Johnson Controls are joining a corporate coalition to procure at least 1 million tons of “near-zero emissions steel” annually by 2080. As part of the Sustainable Steel Buyers Platform, this […]
Narvik, Norway – Stegra, in cooperation with the Port of Narvik and Kaunis Iron, is pleased to announce a collaborative effort to study the feasibility of a new pelletizing plant to be potentially located at the site of the old airport in Narvik. This forms part of a newly signed Memorandum of Understanding whose objective […]
Matter, a British climate tech company, has partnered with Paradise Textiles, the material science and innovation hub of the Alpine Group, to launch the world’s first microfibre filter designed specifically for textile manufacturers. This innovative technology, known as Regen for Textile Production, aims to combat the pressing issue of global microfiber contamination, setting a new […]
TeeStitch Apparel, a new player in the sustainable fashion industry, is excited to announce the launch of its eco-friendly streetwear collection. Merging sustainability with artistic expression, TeeStitch Apparel offers exclusive designs crafted by talented artists from around the globe. Each purchase supports not only eco-conscious fashion but also the upliftment of creative communities in underrepresented […]
Shanghai – Shanghai is on its journey towards a greener development with high- quality growth. However, further efforts are required in energy supply, institutional arrangements along with technological innovations as per officials and experts. Under the plan, Shanghai is looking to reach a target of installing solar photovoltaic of 4.5 million kilowatts by the […]
Textile companies with a strong focus on recycling are expanding rapidly and securing funds through Initial Public Offerings (IPOs). Recently, two such companies entered the stock market to raise capital for growth.Divyadhan Recycling Industries Limited (DRIL), based in Mumbai with a Baddi, Himachal Pradesh plant, specialises in polyester yarn spinning and home textiles. The company, […]
Vintage and sustainable fashion may be everywhere now, but back in 2014, things were different. That’s when RE/DONE, an eco-conscious denim brand, was born in Los Angeles. Fast-forward a decade, and the brand’s innovative recycled pieces are worn by Hollywood’s biggest names, including Hailey Bieber and Bella Hadid. Now, RE/DONE is in the spotlight again, […]
The Netherlands-based Sustainable Trade Initiative (IDH) and Vietnam’s Energy Efficiency and Sustainable Development Department have signed a memorandum of understanding (MoU) to advance sustainability in Vietnam’s textile and footwear industry. This agreement formalizes a partnership between Vietnam’s Ministry of Industry and Trade (MoIT), IDH, and key industry associations to implement priority initiatives for sustainable growth. […]
Waterproof clothing is essential for outdoor enthusiasts, whether hiking, cycling, skiing, or walking. The right gear can differentiate between an exhilarating adventure and a damp, uncomfortable experience. However, the waterproof membranes used in outdoor clothing have been scrutinised in recent years due to PFAS (per- and polyfluoroalkyl substances), also known as “forever chemicals.” These non-degradable […]
The global demand for eco fibers is estimated to reach US$58 billion in 2024 and is projected to grow to US$99.5 billion by 2030, achieving a CAGR of 9.4% during this period.Several key factors are driving the demand for eco fibers. Increased consumer awareness of the benefits of sustainable fashion and eco-friendly products, coupled with […]
Beijing – China’s steel industry is on the edge of a wave of bankruptcies as a prolonged crisis reshapes the sector, according to Bloomberg Intelligence . In a recent report, senior analyst Michelle Leung revealed that nearly three- quarters of the steel producers in the country reported losses in the first half of the year. […]
With the increasing demand for sustainable industrial solutions and a minimal environmental impact, Hydnum Steel, the inaugural green steel plant on the Iberian Peninsula, has signed a Memorandum of Understanding (MoU) with Knauf Interfer, a leading European steel processing and distribution firm. This collaboration aims to enhance the availability of emission-free green steel throughout Europe […]
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