The H&M Foundation has committed $15.4 million to support the Ellen MacArthur Foundation’s Fashion ReModel initiative, a project aimed at advancing commercially viable alternatives to traditional garment production. This collaboration seeks to reduce the fashion industry’s dependence on new resource consumption by promoting circular business models such as rental, repair, resale, and remaking. Over the […]
South Korean officials have requested an exemption from U.S. reciprocal tariffs on steel and aluminum during their visit to Washington this week, according to a statement from the industry ministry on Friday. Deputy Minister Park Jong-won, leading the first major South Korean government delegation to Washington since U.S. President Donald Trump announced broad tariffs, emphasized […]
The UK government has cast uncertainty over the future of GB Energy [1], the state-owned green energy company, by declining to confirm future funding commitments. The Treasury’s decision to withhold affirmation of the promised £8.3 billion ($10.5 billion) funding package has raised concerns about the company’s ability to achieve its ambitious goals. GB Energy, established […]
The fashion sector is one of the world’s leading polluters, with synthetic dyes playing a significant part in environmental degradation. Every year, textile dyeing discharges about 200,000 tons of harmful chemicals into waterways, polluting drinking water, endangering aquatic life, and destroying ecosystems. Conventional dyeing procedures use massive volumes of water, which contributes to serious water […]
The fashion industry is a major contributor to environmental degradation, responsible for substantial waste and resource consumption. With textile waste piling up at alarming rates and carbon emissions ranging from 2% to 8% of global totals, the need for sustainable alternatives is more urgent than ever. One emerging solution is rental fashion—a model that promotes […]
Former Indian cricket team captain Sourav Ganguly said on Friday that the steel plant project he is promoting in a partnership at Garbeta, located in West Bengal’s Paschim Medinipur district, is expected to become operational within the next 18-20 months. The project is expecting an investment of Rs 2,500 crore to establish the 0.8 million […]
New Hampshire lawmakers have passed two bills [1] that could see the state stepping back from its renewable energy commitments amid rising power prices. The legislation, House Bill 504 and House Bill 682, aims to prioritize affordability and efficiency by emphasizing market-driven energy sources, including fossil fuels. House Bill 504 updates the state’s energy policy […]
Dolce&Gabbana has launched its first standalone beauty and accessories store in London’s Covent Garden, reinforcing the district’s status as a prime shopping destination for luxury beauty brands. Spanning 850 sq. ft, the boutique offers an exclusive selection of cosmetics and signature fragrances, alongside a make-up consultation service. It also introduces a curated range of accessories, […]
Prime Minister Anthony Albanese announced on Thursday that a struggling Australian metals plant will be repurposed into a production hub for “green iron and steel” as part of a government-backed billion-dollar rescue package. The initiative aims to revitalize the facility while advancing Australia’s push toward sustainable industrial practices. The company has been known to be […]
The foundation was set for one of Europe’s largest green hydrogen production plants, on Thursday, according to reports. Scheduled to begin operations in 2026, the plant will produce approximately 9,000 tons of green hydrogen annually to be used in the production of carbon-reduced steel. This initiative represents a step in the industrial application of hydrogen […]
SeaDyes, an Edinburgh-based company that specializes in marine-derived dyes, has partnered with the James Hutton Institute and received funding from Scottish Enterprise to increase production of its environmentally friendly fashion goods. SeaDyes will become a spin-in firm at the Institute, integrating the founder’s intellectual property with the Institute’s resources. Founded by biotech pioneer and marine […]
TrinaTracker, a global leader in smart solar tracking solutions and a subsidiary of Trinasolar Co. Ltd, has announced the opening of a new manufacturing facility [1] in Saudi Arabia. The factory, named Trina Tracker for Renewable Energy, is set to begin operations in the first quarter of 2025 and will have an annual production capacity […]
Indonesia’s newly established sovereign wealth fund, Danantara, [1] has garnered significant interest from the United Arab Emirates (UAE) for potential collaboration on renewable energy projects. This partnership aims to develop an impressive 10 gigawatts (GW) of renewable energy capacity, marking a major step towards Indonesia’s ambitious climate goals. Danantara, which consolidates assets from several Indonesian […]
Steelinvest and Chinese steel producer Delong Steel have established a joint venture, named Ziming SG Global, to focus on marketing mill export sales. The Joint venture, based in Dubai, is led by Fred Hayrapet of Steelinvest Group. The company will primarily target semi-finished and finished steel products across long and flat products. Hayrapet emphasized that […]
Dubai, UAE – Dubai Electricity and Water Authority (DEWA) is making significant strides in advancing renewable water desalination [1] with the construction of the Hassyan Seawater Reverse Osmosis (SWRO) Plant. This state-of-the-art facility, part of DEWA’s strategy to enhance water security using sustainable sources, is set to become the world’s largest SWRO plant. The Hassyan […]
In a significant move towards bolstering its renewable energy sector, the Ethiopian government has signed a Memorandum of Understanding [1] (MoU) with the African Trade Insurance Agency (ATIDI). This agreement aims to facilitate foreign investment in Ethiopia’s renewable energy projects through ATIDI’s Regional Liquidity Support Facility (RLSF), thus accelerating the country’s transition to clean energy. […]
The Department of Textiles of Meghalaya has received a special award under the Textiles Sustainability Awards from the Confederation of Indian Textile Industries (CITI). The Department of Textiles hosted the Bharat Tex 2025 Global Textiles Expo at Bharat Mandapam in New Delhi, and the recognition took place on the last day of the event. Pabitra […]
Tata Steel’s proposal to construct a £1.25 billion electric arc furnace (EAF) at its Port Talbot steelworks has been approved by the official from the Port Talbot planning committee. With construction set to commence this summer, the new facility is expected to be fully operational by early 2028. Designed to primarily process scrap steel, the […]
Adani Green Energy has decided to withdraw from its $1 billion wind power project [1] in Sri Lanka, citing ongoing regulatory challenges and tariff disputes. The decision came after the company had already invested approximately $5 million in predevelopment activities for the project. The project, which aimed to develop 484 MW of wind power plants […]
Japan to adopt new techniques to boost nuclear and renewables by 2040 Japan’s government adopted new decarbonisation targets aiming to reduce greenhouse gas emissions by more than 27% in the next 15 years, since 2013, approving renewable energy plan. The country targets to meet carbon neutrality by 2050. Under their plan of action, adopted by […]
Nike and SKIMS are joining forces to disrupt the global fitness and activewear industry with the launch of NikeSKIMS, a brand set to redefine sportswear. This collaboration will introduce an extensive range of apparel, footwear, and accessories, aiming to welcome more women and athletes into the world of sports and effortless movement. “Nike and SKIMS […]
The UK’s first fashion production lab has invented its first collaborative robotic technology – ‘cobots’ – which can be trained to manufacture sustainable high value, low volume clothing. The cobot arms have the ability to stitch, draw, knit, and even 3D scan a mannequin or human body before prototyping a clothing design. The £3.8 million […]
Chinese batteries and electric vehicles, BYD Energy Storage has officially signed contracts [1] with the Saudi Electricity Company (SEC) to deliver a massive 12.5 gigawatt-hours (GWh) of battery energy storage systems (BESS) across five sites in Saudi Arabia. This deal marks the world’s largest grid-scale storage deployment to date. The project supports Saudi Arabia’s Vision […]
Danish renewable energy developer GreenGo Energy has signed an agreement with the Mauritanian government [1] to develop a 6-gigawatt (GW) green hydrogen project, granting GreenGo Energy access to more than 100,000 hectares of land near Nouakchott. The deal, signed by Minister of Energy and Petroleum Mohamed Khaled and GreenGo Energy CEO Karsten Nielsen, grants GreenGo […]
BHP Foresees an economic recovery in China and central bank rate cuts to boost demand for steel and copper but asks to be vigilant about potential trade tensions posing risks to global growth, as it reported its lowest first-half profit in six years. BHP had planned a $49 billion takeover of Anglo American, aiming to […]
Emirates Steel Arkan (EMSTEEL) has unveiled its new decarbonisation strategy to reach net-zero emissions by 2050, reports say. The company has announced plans to cut absolute greenhouse gas (GHG) emissions by 40 percent in its steel business unit and by 30 percent in its cement business unit by 2030, using 2019 as the baseline year. […]
Marks & Spencer (M&S) has reinforced its international leadership team with three strategic appointments. Manish Kapoor has been named Managing Director of M&S India, effective April 2025. A seasoned retail leader, Kapoor previously served as Managing Director and CEO of Pepe Jeans India. Before that, he was the Chief Operating Officer of French Connection India […]
During a press conference at the Islamic Arts Biennale, the Saudi Fashion Commission announced its most recent sustainable initiative, the Sustainable Ihram initiative, focusing on recycling Ihram garments to create eco-friendly attire. The initiative aims to recycle Ihram clothing by collecting, sorting, and repurposing pilgrims’ textile waste to make new, sustainable Ihram attire. The Fashion Commission launched […]
Global Leaders Debate Trump’s Steel Tariffs and the Future of Supply Chains As global trade policies and decarbonisation goals collide, the need for innovative solutions in the steel and energy sectors has never been greater. The 2nd World Green Steel, Hydrogen, and Energy Summit to be held in Brussels, Belgium, on 29-30 April 2025 brings […]
Abu Dhabi Future Energy Company (Masdar), the UAE’s clean energy leader, TotalEnergies, and EPointZero, the decarbonization arm of 2PointZero, have signed a Framework for Action (FFA) agreement [1] to drive access to clean energy in emerging markets and developing economies in Africa and Asia. The agreement was signed at the third plenary meeting of the […]
Abu Dhabi-based Emirates Water and Electricity Company (EWEC) has announced a Request for Proposals (RFP) for the development [1] of the Al Sila Wind Independent Power Project (IPP), aiming to significantly boost the UAE’s renewable energy capacity. Located near the existing utility-scale wind farm in Al Sila, this project is set to generate up to […]
Artificial Intelligence (AI) is transforming the fashion industry, from trend forecasting to sustainable manufacturing. By leveraging AI-driven solutions, brands can boost efficiency, minimise waste, and maintain a competitive edge in a rapidly evolving market. Sustainability is now central to fashion, with AI accelerating eco-conscious innovation. Machine learning analyses vast datasets to optimise production, align collections […]
A Chinese steel industry group has cautioned that the newly imposed 25% tariff on steel imports to the United States could negatively affect the sector, a state media reported on Thursday. “The US move is essentially an act of trade protectionism,” the China Iron and Steel Association (CISA) said in a statement. “In the short […]
Trinasolar, a photovoltaic (PV) technology company [1], is making significant strides in the renewable energy sector across the Middle East and Africa (MEA) region, thanks to its innovative solutions and strategic initiatives. Trinasolar has introduced groundbreaking products specifically designed to tackle the unique challenges posed by the region’s harsh climatic conditions. The Vertex N 630W […]
Students Leading the Charge: How Young Innovators Are Revolutionizing Sustainable Fashion The fashion industry is one of the most significant contributors to pollution, but students worldwide are taking action to alter that. From arranging garment thrift stores to starting sustainable fashion firms, young innovators are driving the movement to make fashion more ethical and environmentally […]
On February 13, Lipetsk Oblast in Russia was under a massive raid by drones, according to regional governor Igor Artamonov. Reports say that the drones allegedly targeted Novolipetsk Steel (NLMK), Russia’s largest steel mill, known to produce about 20% of the country’s steel output. The production facility, situated approximately 400 kilometers from the Russia-Ukraine border, is responsible […]
Shein, a leading fast fashion retailer, is urging key Chinese suppliers to establish production facilities in Vietnam, offering temporary incentives such as procurement prices up to 30% higher, along with guaranteed larger orders, according to a recent report. This strategic shift responds to recent changes in US trade policy, particularly the removal of the “de […]
The partnership between the two companies is prioritising performance monitoring and is implementing reporting mechanisms to track environmental impact while they measure emission reductions and enhance project transparency. SEE Holding has signed a Memorandum of Understanding (MoU) with Arabian Gulf Steel Industries (AGSI), marking a step towards advancing sustainable construction practices in the region. This […]
The Prada Group has appointed Silvia Onofri as the CEO of Miu Miu, effective 26 February 2025. Onofri holds a master’s degree in economics from La Sapienza University in Rome and has pursued further studies at the London School of Economics and the University of Greenwich. She brings extensive experience in the luxury sector, boasting […]
German industrial giant Thyssenkrupp has reported an increase in earnings despite weaker sales, attributing the growth to its ongoing efficiency initiatives. Meanwhile, the company’s military-related divisions anticipate a boost in demand, driven by rising global defense spending. Thyssenkrupp gave a mixed financial update on Thursday as it highlighted unstable market conditions while highlighting some areas […]
With the European Commission’s (EC) approval, the French government has introduced € 500 million (US $ 516 million) chemical recycling program to promote the circular economy in the textile and plastic industries. The goal of the French government’s initiative is to encourage the chemical recycling of some types of plastic trash, including containers, film-based wrapping […]
ACWA Power, a Saudi Arabia based leading developer of power and water solutions, has signed several key agreements [1] with Saudi Aramco to drive renewable energy and innovation in Saudi Arabia. These agreements were announced during ACWA Power’s flagship Innovation Days 2025 event in Riyadh. The partnerships focus on advancing renewable energy deployment and green […]
China has announced a significant policy shift [1], allowing market forces to determine the prices of renewable electricity. The National Development and Reform Commission (NDRC) and the National Energy Administration (NEA) have agreed to scrap fixed pricing on renewable power, enabling electricity generated by renewables to be freely traded. This move is aimed at modernizing […]
COS, a London-based fashion brand owned by the H&M Group, has revealed its first limited-edition denim capsule collection made up of 20% pre-loved Cos clothing. COS REMADE introduced the brand’s first denim capsule, comprising five versatile womenswear styles crafted from 20% collected, pre-loved cotton pieces by COS. The limited-edition collection gives fibres renewed purpose, reimagining […]
South Africa’s mining industry is undergoing a significant transformation with the introduction of Discovery Green [1], a renewable energy trading platform under the financial services group Discovery. This innovative platform is set to provide large-scale renewable energy solutions to the mining sector, addressing rising electricity costs, carbon taxes, and the need for energy security. Unlike […]
Pakistani state media reported on Wednesday, that the Ambassador of the Russian Federation to the Islamic Republic of Pakistan, Albert P. Khorev has announced cooperation with Islamabad this year in the energy and industrial sectors, including the modernization of a state-owned steel mil. Pakistan Steel Mills (PSM) were assed by a team of technical experts […]
Heathrow Airport CEO Thomas Woldbye is set to respond today to the UK Government’s strong backing for the airport’s expansion, including plans for a third runway. Mr Woldbye is to announce the largest private investment programme in Heathrow’s history and confirm the airport is developing proposals for a third runway to share with Government by […]
OTB Group has appointed Andrea Rosso as its Sustainability Ambassador, reinforcing its commitment to responsible and innovative fashion practices through its ‘Be Responsible, Be Brave.’ strategy. In this role, Rosso will lead sustainability initiatives across the company and its global supply chain, fostering a culture of environmental responsibility. Building on his experience as Diesel’s Sustainability […]
JD Group has secured a place on the Carbon Disclosure Project (CDP) Climate A List 2024, underscoring its leadership in environmental transparency and climate action. CDP, a global environmental non-profit, evaluates thousands of companies each year, highlighting those making tangible progress in sustainability. This prestigious recognition places JD Group among a select few global leaders […]
The Global Renewables Alliance (GRA) has called on governments worldwide [1] to provide clear policy signals to boost investment in renewable energy. The GRA emphasized the need for specific and actionable renewable energy targets to achieve the global goal of tripling renewable energy capacity by 2030. During a press conference at the International Renewable Energy […]
Trump’s decision to bring on the 25 percent tariffs on steel and aluminium imports stepped up a long-promised trade war despite warnings from Europe and China. According to reports, Canadian Prime Minister Justin Trudeau said on Tuesday that Canada will resist any US tariffs on steel, announced by President Donald Trump, as this means to […]
Salah Abdel Kerim, Chairman of the Egyptian General Petroleum Corporation (EGPC), recently chaired a meeting of the Energy Transition Committee [1] to discuss the progress of the corporation’s renewable energy projects. During the meeting, Abdel Kerim emphasized the strategic necessity of transitioning from fossil fuels to renewable energy sources to ensure the sustainability and competitiveness […]
Nairobi Fashion Week 2025, one of East Africa’s most significant fashion events, has prioritized regenerative fashion, emphasizing the industry’s critical need for sustainability and environmental responsibility. This year’s topic, “Regenerating Fashion: A New Era of Responsibility,” enthralled audiences both domestically and internationally by providing an insight into the direction of fashion from the perspectives of […]
Somalia has launched a competitive tender [1] for a 55 MWp solar power plant with a 160 MWh battery energy storage system (BESS). The Ministry of Energy and Water Resources announced the tender, aiming to transform the country’s energy landscape and reduce its heavy reliance on diesel generators. The project, funded by the World Bank […]
The Gulf Cooperation Council (GCC) nations have announced a major investment of $100 billion in renewable energy [1] by 2030. This ambitious plan aims to significantly reduce carbon emissions by up to 20% and position the GCC as a key player in global sustainability efforts. The announcement was made during the 43rd meeting on ‘Future […]
Technology group Wärtsilä has launched its next-generation 46TS engine[1], designed to balance renewable energy sources and enhance power plant performance. The 46TS large-bore engine evolved from the successful Wärtsilä 50 engine platform, which has delivered over 55 million running hours worldwide since 2008. The 46TS engine is built to provide highly efficient baseload power and […]
US President Donald Trump signed executive orders planning to impose tariffs on steel and aluminium imports starting from March 12, ramping up a long-promised trade war, even after the warning from Europe and china. According to reports, Trump said on Monday in the Oval Office, “Today I’m simplifying our tariffs on steel and aluminum. It’s […]
Qatar Steel and Bahrain Steel have signed a $1.27 billion agreement to supply 5 million tonnes of the product over five years, aiming to enhance industrial cooperation and strengthen the sector in the region. On February 9, Qatar’s Ministry of Commerce and Industry announced the agreement, stating that it aligns with the Industrial Partnership for […]
The third International Day of Zero Waste, organised by the United Nations Environment Programme (UNEP) and the United Nations Human Settlements Programme (UN-Habitat), will take place on March 30, 2025. This year’s topic, “Towards Zero Waste in Fashion and Textiles,” emphasizes the critical role of the rapidly expanding fashion and textiles sector in combating the […]
New York Governor Kathy Hochul recently announced that the New York Power Authority (NYPA) has approved economic development awards [1]to 20 firms, resulting in over $940 million in capital investments and the creation of 1,774 jobs across the state. The awards include low-cost hydropower allocations under the ReCharge NY program, which will provide nearly 7.2 […]
President Donald Trump met U.S. Steel Chief Executive David Buritt at the White House on Thursday as the struggling steelmaker continued to advocate for a decision on its long-awaited takeover by Japan’s Nippon Steel. A $14.9 billion bid for U.S. Steel by Nippon Steel was blocked last month by former President Joe Biden. Trump has […]
As trade tensions between China and the United States intensify, Puma is shifting its supply chain, sourcing more from countries like Vietnam and Indonesia for the US market, according to CEO Arne Freundt. The ongoing economic conflict between the world’s two largest economies has escalated, with the Trump administration imposing 10% tariffs on China, prompting […]
Gucci has announced the departure of Sabato De Sarno, who is stepping down as creative director just two years after his appointment. De Sarno succeeded Alessandro Michele in 2022, taking on the challenge of revitalising the brand amid slowing sales. A graduate of Milan’s Istituto Secoli, De Sarno built his career behind the scenes, having […]
In a notable development for former President Donald Trump and his administration’s stance on energy policies, oil giant Shell has announced its decision to withdraw [1] from the Atlantic Shores Offshore Wind Project located off the coast of New Jersey. This decision follows an executive order issued by Trump that temporarily halts offshore wind lease […]
Nissan Motor Co., Ltd. announced its new plans of expansions with the use of low-CO2-emission steel manufactured in Japan, to reduce the proportion of low-CO2-emission steel Nissan uses in Japan in fiscal year 2025, which is expected to increase by a factor of five compared to fiscal year 2023. Nissan says that they aim to […]
Japanese biotech company Spiber Inc. is revolutionizing the textile industry with Brewed Protein™ fiber, an innovative biofabricated material made through fermentation. Spiber’s Brewed Protein™ material platform, inspired by nature’s diversity and circularity, aims to create novel solutions for sustainable well-being. Spiber uses precision fermentation to manufacture proteins at the molecular level, producing flexible materials that may be adapted […]
As sustainability gains momentum in fashion, leading brands have partnered with Fashion for Good to launch Closing the Footwear Loop, an initiative focused on advancing circularity in the footwear industry. The project aims to shift the industry away from the traditional take-make-dispose model towards a circular economy. With approximately 23.8 billion pairs of shoes produced […]
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 […]
According to Adnan Aslan, The chairman of Türkiye’s Steel Exporters’ Association, the steel industry has the potential to export up to 2 million metric tons to help Syria reconstruct its land post-civil war. With the recent updates from Syria. Aslan said in a press conference that producers in Iskenderun have already begun exporting to Syria, though […]
Norway’s Equinor has announced a reduction in its renewable energy targets [1] for 2030, citing challenging market conditions. The company now aims for an installed capacity of 10-12 gigawatts (GW) by 2030, down from its previous target of 12-16 GW. This decision follows similar moves by other European energy firms like BP and Shell, which […]
L’Oréal Groupe has appointed Christina (Tina) Fair as president of its Consumer Products Division (CPD) for the North America Zone, effective Monday. She succeeds Nathalie Gerschtein, who is departing to explore new opportunities outside the company. David Greenberg, CEO of L’Oréal USA and president of the North America Zone, expressed confidence in Fair’s leadership: “I’m […]
Saudi Arabia’s aid agency King Salman Humanitarian Aid and Relief Center (KSrelief), in collaboration with the United Nations Development Programme (UNDP), has launched a new project in Aden, Yemen.[1] The program aims in empowering Yemeni women through renewable energy, by providing them with tools to generate income and strengthen their role in society. The initiative […]
Thousands of steelworkers marched through the streets of Brussels on Wednesday, calling for urgent intervention from the European Union to support the struggling steel industry. The protest comes as Belgian cinemas screen a documentary highlighting the sector’s decline, underscoring growing concerns over job losses and economic challenges. “L’acier a coulé dans nos veines which means […]
The company is to set up the pellet and DRI plants India’s Larsen & Toubro (L&T) said its minerals & metals (M&M) business vertical had received an order to set up a pellet plant and a direct reduction of iron (DRI) plant in the Middle East & North Africa (MENA) region. The GCC order is a […]
USA’s Amazon and Iberdrola have announced an expansion of their global renewable energy partnership [1], adding 476 megawatts (MW) of renewable energy power purchase agreements (PPAs) in Portugal and Spain. This marks Amazon’s first renewable energy projects in these countries, furthering their commitment to achieving net-zero carbon emissions by 2040. The new PPAs include a […]
The OPEC Fund for International Development (OPEC Fund) and the Islamic Republic of Mauritania have signed a landmark Country Partnership [1] Framework Agreement. The agreement, spanning from 2025 to 2027, earmarks US$120 million in new development financing to support Mauritania’s key development priorities. The funding will finance critical projects promoting renewable energy, clean water, food […]
The World Steel Association says that the global crude steel production in 2024 declined by about 1% year-on-year. With the data released, organizations now want to determine where steel prices might go for the rest of 2025. On January 24, the Brussels-based association reported that total volumes for the year exceeded 1.88 billion metric tons, […]
The Council of Fashion Designers of America (CFDA) has officially announced the preliminary program for New York Fashion Week (NYFW) Fall/Winter 2025. The highly anticipated event will take place from Thursday, February 6, to Tuesday, February 11, 2025, and will include over 52 runway shows and designer presentations, as well as extra collections presented digitally […]
Mexican President Claudia Sheinbaum on Saturday ordered retaliatory tariffs in response to the U.S. decision to slap 25% tariffs on all goods coming from Mexico, as a trade war broke out between the two neighbors. Sheinbaum said through a lengthy post on X that her government prioritized dialogue over conflict with its primary northern trade partner but […]
In a significant move towards sustainable energy, state-owned Oil India Limited (OIL) has officially established a wholly-owned subsidiary [1] called Oil Green Energy Limited. This new subsidiary is dedicated to spearheading renewable energy initiatives, including geothermal, wind, hydro, solar, tidal, and waste energy projects. The announcement was made via a disclosure submitted to the Bombay […]
In a significant move towards achieving its Net Zero goals, Oman’s Ministry of Energy and Minerals has introduced a new policy framework [1] aimed at fostering investments in energy storage. The policy, known as the “Electricity Self-Generation, Direct Sales, and Wheeling Policy,” is designed to promote the growth of integrated renewable energy capacity, including generation, […]
Amy Powney, a pioneer in sustainable fashion, has resigned from her position as creative director of Mother of Pearl, a British brand, to start a new label called Akyn, which will make its debut in May. The change brings an end to Powney’s ten years as Mother of Pearl’s creative director, during which she incorporated […]
Avantium, in collaboration with the University of Amsterdam’s Industrial Sustainable Chemistry group and led by CTO Gert-Jan Gruter, has developed a proprietary process to separate cotton from polycotton blends. This method, which converts cotton into glucose using hydrochloric acid while preserving the polyester, represents the first technique capable of recycling both materials simultaneously. It offers […]
U.S. companies are expected to seek alternative sources for key industrial metals in response to sweeping tariffs imposed by President Donald Trump, industry sources report. To mitigate the impact of these trade restrictions, businesses are looking to the Middle East and India for aluminium supplies, while turning to Chile and Peru for copper. Trump’s orders […]
The EU-backed tExtended project, a four-year initiative addressing textile waste, has entered its second phase after two years of research. With a budget of US $15.6 million, it aims to develop practical strategies for recycling, value recovery, repurposing, and textile reclamation. A key focus is refining its Conceptual Framework, a knowledge-based plan designed to uphold […]
A main contractor has been appointed to support Tata Steel’s £1.25bn green steel-making project at its Port Talbot steelworks site. UK construction and civil engineering firm Sir Robert McAlpine has been appointed to oversee the primary civil, structural, and building works for the development of a new electric arc furnace in the town. According to reports, the […]
According to commodity analysts Kpler, China, the world’s biggest buyer of iron ore, is expected to import 99.5 million metric tons of the key steel raw material in January. China’s imports of iron ore and seaborne coal are on track for a soft start to the year, with January arrivals declining to multi-month lows, says […]
The European Bank for Reconstruction and Development (EBRD) and the European Union (EU) have significantly scaled up their support for Serbia’s transition to clean energy [1]. The two entities are jointly funding the reconstruction of the Vlasinske hydropower cascade, a critical step in modernizing Serbia’s energy infrastructure. The EBRD is providing a loan of up to €67 […]
Ørsted, the world’s leading offshore wind developer, has announced the replacement of its CEO [1], Mads Nipper, amid challenging times for the wind power industry. Nipper, who took over as CEO in January 2021, will step down on February 1, 2025, and will be succeeded by Rasmus Errboe, the current deputy CEO and chief commercial officer. The […]
In an effort to reduce textile waste, California approved a groundbreaking law requiring fashion businesses to arrange for the free collection and recycling of used clothing. A pioneering regulation requiring fashion firms to collect and recycle used clothing for free was passed in California with the goal of reducing textile waste. This innovative project fosters […]
LVMH CEO Bernard Arnault has sparked debate over France’s business climate by suggesting the luxury conglomerate may expand production in the United States. “When you return to France and see that we are about to increase taxes by 40 per cent for companies that manufacture here, it is incredible. It is the ideal way to […]
The Middle East and North Africa (MENA) region is projected to attract over $1 trillion [1]in renewable energy investments by 2030, according to Mark Thomas, Group CEO of Bapco Energies. This announcement was made during the third edition of the Sustainability Forum Middle East, held in Bahrain. The forum, which drew over 400 regional and international decision-makers, […]
Turkish steelmaker Tosyalı Holding has announced plans to invest nearly USD 1 billion to install 1.2 GW of solar power capacity for self-consumption across eight provinces. The initiative aligns with the company’s strategy to enhance renewable energy use in its operations. Tosyalı has signed agreements to develop 120 MW of peak solar capacity in Osmaniye, […]
The sale of Thyssenkrupp Electrical Steel India Private Ltd. has been completed. The transaction was officially completed today, with the buyer being a joint venture between JSW Steel Limited—India’s largest steelmaker and part of the JSW Group—and JFE Steel Corporation, which is Japan’s second-largest steel producer. The target company is based in Nashik, approximately 150 […]
