Enlight Renewable Energy announced the successful completion [1] of its flagship Atrisco Solar & Energy Storage project located outside Albuquerque, New Mexico. The project, which includes a 364 MW solar generation unit and 1.2 GWh of energy storage capacity, reached full commercial operation in November 2024. The Atrisco project is now the largest battery storage […]
Starting January 1, 2025, Chicago has successfully transitioned [1] its city buildings to 100% renewable energy. This includes over 400 municipal buildings, such as O’Hare International Airport, Midway International Airport, City Hall, 98 fire stations, 81 library locations, and 25 police stations. The city’s real estate portfolio also includes two of the largest water treatment […]
LVMH’s recent internal audit has exposed significant shortcomings in the labour practices of luxury brands, particularly within Italian fashion houses, including Dior. The findings reveal widespread flaws in auditing systems, allowing labour violations such as exploitation and unsafe working conditions to persist within supply chains despite formal inspections. The report highlighted a heavy reliance on […]
A research team led by the University of Southampton and UWE Bristol has demonstrated that wearable electronic textiles (e-textiles) can be both sustainable and biodegradable. Their study introduces a new approach for fully inkjet-printed, eco-friendly e-textiles, branded as Smart, Wearable, and Eco-friendly Electronic Textiles (SWEET). Professor Nazmul Karim, from the University of Southampton’s Winchester School […]
The survival of Britain’s steel industry hinges on embracing new technologies and shifting to greener production methods, a British MP told The National. Nic Dakin, the MP for Scunthorpe, where British Steel has a large steelmaking plant, said that the industry is undergoing significant restructuring that could provide this industry a positive future for the […]
The North American Electric Reliability Corporation (NERC) has warned about the urgent need for new energy resources over the next decade. According to NERC’s 2024 Long-Term Reliability Assessment [1] (LTRA), more than half of North America is at elevated or high risk of energy shortfalls in the next five to ten years. The report highlights […]
U.S. Steel and Nippon Steel on Monday filed a lawsuit against U.S. President Joe Biden’s order as he blocked the $14.9 billion purchase deal of the American steelmaker by the Japanese company. In response to this, Cleveland-Cliffs Inc. made statements related to the United States Government’s decision to prohibit the unlawful acquisition of the United States Steel Corporation by Nippon […]
The Whyalla Steelworks has cast its first steel following a four-month shutdown caused by operational challenges and extensive repairs. This marks a significant step forward in efforts by the management team and workforce to revive the plant. Theuns Victor, GFG Alliance’s Global Chief Manufacturing Officer and head of the Whyalla ‘Back to Black’ taskforce, described […]
AMEA Power, a rapidly growing renewable energy company based in the UAE, has been awarded two significant Battery Energy Storage System (BESS) projects in South Africa [1] through a competitive bidding process. The projects, named Gainfar and Boitekong, are located in the North West Province and each will have a capacity of over 300 megawatt-hours […]
HUGO BOSS is a brand synonymous with style and sophistication, globally recognised for its exceptional craftsmanship and innovative designs. In January 2025, the fashion house announced the appointment of James Foster as Senior Vice President of Global Marketing. James Foster’s career has been marked by influential roles at globally renowned companies, where he demonstrated expertise […]
Nike, the world’s leading supplier of athletic footwear and apparel, is a prominent player in sports equipment manufacturing, generating over $46 billion in revenue during fiscal year 2022. Despite its market dominance, the company has faced significant revenue declines in recent quarters. In response, CEO Elliott Hill has proposed strategic initiatives to revitalise the business […]
U.S. President Joe Biden said on Friday he would block Japanese company Nippon Steel’s buyout of U.S. Steel on national security concerns, delivering a potentially fatal blow to the $14.9 billion merger. President Joe Biden has blocked the proposed $15 billion deal for Japan’s Nippon Steel to acquire Pittsburgh-based U.S. Steel, fulfilling his campaign pledge to block […]
A high-ranking delegation as part of the ‘Maldives Executive Leadership Programme’ [1] visited DEWA’s Sustainability and Innovation Centre at the Mohammed Bin Rashid Al Maktoum Solar Park. The delegation included key officials such as ministers and deputy ministers from Maldives. They were introduced to DEWA’s initiatives in sustainability, clean energy, and renewable energy projects. The […]
Indian Railway Finance Corporation (IRFC) shares surged by 3% following the signing of a Memorandum of Understanding [1] (MoU) with Railway Energy Management Company Ltd (REMCL). This MoU aims to finance renewable energy projects to supply power to Indian Railways. The collaboration between IRFC and REMCL, a joint venture between the Ministry of Railways and […]
Fashion giant Trendy Group, which includes Italian brand Miss Sixty, have partnered with the Central Saint Martins (CSM), University of the Arts London (UAL) “to pave the future for circular denim.” The partnership revolves around the new Future Denim Lab, a five-year program dedicated to promoting circular denim and sustainable fashion. It will work with […]
British omni-channel fashion retailer Quiz reported a 7.6% year-on-year decline in revenue for the six months ended 30 September 2024. Revenue fell to £39.1 million from £42.3 million in the same period of 2023. Gross profit decreased to £24.5 million from £26.2 million, while EBITDA fell to a loss of £0.5 million, compared to £1.1 […]
China’s iron ore imports are projected to reach an all-time high in 2025, as traders capitalize on low-cost supplies to stockpile resources for the world’s largest consumer of the commodity. This surge comes despite ongoing challenges in the property sector, weighing on domestic steel demand, according to industry analysts and market insiders. The imports reflect […]
The Dubai Electricity and Water Authority (DEWA) has established the Sustainability and Innovation Centre [1] at the Mohammed bin Rashid Al Maktoum Solar Park to promote Dubai’s position as a global hub for clean energy and sustainable technology. The Centre offers a range of scientific and professional programs, training courses, and interactive competitions in collaboration […]
Taiwan has set an ambitious target [1] to reduce greenhouse gas emissions by 30% by 2030, up from the previous goal of 23-25%. The Environment Ministry announced this upgraded target, aiming for a reduction range of 26-30% from 2005 levels. Taiwan’s Environment Minister Peng Chi-ming addressed the wider margin of error stating that it was […]
Saudi Arabia’s ACWA Power has successfully secured $703 million [1] (SR2.63 billion) in financing to develop, operate, and maintain a 1,100-megawatt wind power plant in Egypt’s Suez governorate. The funding was sourced from a consortium of international financial institutions, including the European Bank for Reconstruction and Development (EBRD), African Development Bank (AfDB), British International Investment, […]
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 Madhya Pradesh Textile Mills Association has proposed measures to make the upcoming PM MITRA Park in Dhar district more appealing for industrial investment as well as sustainable development. The association has urged to incorporate renewable energy sources like solar or wind power to make the park eco-friendly and self-sustaining. They advocate for systems to […]
According to the International Chamber of Commerce-Bangladesh (ICCB), Bangladesh has significant potential to lead sustainable fashion by embracing circular economy principles. This model prioritises extending the lifecycle of materials, reducing waste, and minimising pollution. The ICCB’s Quarterly News Bulletin emphasised that recycling fabric waste and promoting second-hand clothing markets could lower environmental impact while enhancing […]
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 […]
David Beckham’s company, DRJB Holdings, paid out $124 million in dividends, reflecting the company’s robust financial performance. The key factor was Authentic Brands Group’s majority acquisition of DRJB Holdings in 2022, where Beckham retained a significant 45% stake, allowing him to benefit from the company’s ongoing success. The Financial Times stated that the dividend payments were spread out over […]
Toforto, an eco-friendly lifestyle handbag brand, is expanding its product distribution to the United States and Europe. Toforto means for “Today for Tomorrow,” which represents important activities performed today for a brighter tomorrow. With sustainability at the heart of their philosophy, Toforto creates handbags that are of such high quality and classic style. The brand […]
The ONE International Labour Organisation (ILO) Siraye Programme, a key initiative aimed at addressing labour deficiencies in Ethiopia’s garment industry, has made notable strides in improving working conditions and boosting industrial competitiveness. Despite challenges such as the COVID-19 pandemic and socio-political instability, the programme has achieved significant progress in areas such as workplace safety, grievance […]
The Confederation of Indian Textile Industry (CITI) has urged the government to implement policies to boost investment and scale in the textile and apparel (T&A) sector, targeting an ambitious export goal of $100 billion by 2030. Highlighting the critical role of the US and EU markets in achieving this target, CITI stressed the need for […]
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 […]
As the year draws to a close, it’s time to take account of all that has been accomplished in the previous months. Fashion firms have begun publishing out their annual reports in December. One prominent theme in non-financial reports is sustainability. Year after year, an increasing number of firms are opting to publicly disclose their […]
Spain-based Brenmiller Europe S.L., a joint venture established to accelerate the commercial rollout of bGen™ thermal energy storage technology across Europe, has appointed Emilio Lopez [1] as its new Board Chairman. Emilio Lopez brings over 25 years of executive leadership experience in the renewable energy and energy efficiency sectors. His extensive expertise spans multiple countries, […]
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 […]
Neath Port Talbot Council has submitted plans for a new £20 million industrial research facility in the Harbourside area of Port Talbot. The proposed facility, named the South Wales Industrial Transition from Carbon Hub (SWITCH), aims to support the decarbonization of the metal and steel industry. The project is said to be part of the […]
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 […]
Lenzing Group, a leader in sustainable fibre production, has joined forces with Italian chemicals manufacturer CPL Prodotti Chimici and Oniverse, the parent company of the renowned fashion brand ‘Calzedonia’, to reduce the environmental footprint of the textile industry. This strategic partnership centres on using Lenzing’s biobased acetic acid in textile dyeing, offering a sustainable alternative […]
Perfect Corp. has acquired Wannaby, a leading platform for virtual try-ons and immersive digital experiences, signalling its expansion into luxury sectors such as footwear, handbags, and apparel. Wannaby, renowned for its cutting-edge digitalisation solutions, has redefined virtual shopping for over 30 top-tier luxury fashion brands. By integrating Wannaby’s innovative technology, Perfect Corp. aims to elevate […]
A recent report by PwC Singapore and the Centre for Governance and Sustainability (CGS) at NUS Business School spotlights the mixed progress of Asia-Pacific companies in achieving net zero targets and advancing sustainability practices. According to the Sustainability Counts III: Sustainability Reporting in Asia Pacific, of the 700 companies studied, 53% (371 companies) have committed […]
On December 25, Vinatex reviewed its 2024 performance and presented its 2025 strategies at a conference held in Hanoi. According to Vinatex General Director Cao Huu Hieu, Vietnam is expected to surpass India as the world’s second-largest exporter of clothing and textiles, with planned shipments of US$44 billion this year. The company placed a strong […]
The Suez Canal Economic Zone (SCZONE) and Suez Steel Company have entered into a preliminary agreement to develop and operate dry bulk handling facilities at Adabiya Port as per Reports. The announcement highlights the port’s strategic importance as a critical hub for international trade. Walid Gamal El-Din has signed an initial contract with Rafic Daou, […]
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 […]
The Emirates Water and Electricity Company (EWEC) has obtained approval to develop [1] four new sites in Abu Dhabi, covering approximately 75 square kilometers, for solar photovoltaic (PV) and wind energy projects. These sites will feature three solar PV plants in Al Faya, Al Khazna, and Al Zarraf, and one wind farm in Sila. This […]
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. […]
Travel and lifestyle accessories brand Uppercase has made a significant impact on sustainability by recycling over 16.31 lakh (1.63 million) plastic bottles and 5.67 lakh (567,000) polycarbonate mobile cases in 2024. The initiative is part of the brand’s commitment to reducing waste, cutting carbon emissions, and promoting eco-friendly production. According to Uppercase, its recycling efforts […]
Virgio, a leading sustainable fashion company, has collaborated with Ola Electric to redefine holiday shopping with an eco-conscious twist. Through this collaboration, Virgio will offer doorstep delivery of its trend-driven clothing on Ola Electric’s environmental friendly scooters throughout the holiday season. Virgio is known for prioritizing ethical production methods and using eco-friendly materials to create […]
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 […]
Mellowdrama, a womenswear company, has experimented with innovative ways to repurpose fabric waste for its new ready-to-wear collection ‘AlterEgo’. It is inspired by ideals of uniqueness and self-expression which is intended to promote sustainable production. Designer and entrepreneur, Aaina Mahajan founded Mellowdrama as a ready-to-wear label that emphasizes “bold yet comfortable fashion.” Sustainability takes center […]
Northern Cote, a premier name in high-quality activewear, has unveiled its new online store, offering customers across the United States a seamless shopping experience. Combining style, functionality, and comfort, the store features a curated collection of women’s workout clothing designed to empower every performance. The website showcases an array of activewear, including leggings, sports bras, […]
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 […]
Bitcoin has evolved from a niche digital currency to a mainstream financial asset, significantly impacting global finance and commerce. Its rising value and adoption by major institutions have led to integration into traditional systems like exchange-traded funds (ETFs), garnering increasing attention from luxury retailers and high-end fashion labels. In North America, prominent luxury brands have […]
TikTok has cemented its position as a global social media giant, boasting over 1.6 billion active users. Its short video format resonates particularly with younger audiences, driving an impressive average engagement rate of 2.65%, far surpassing Instagram’s 0.7%. Notably, 55% of TikTok users report making impulse purchases inspired by content, highlighting its substantial influence on […]
On 10 and 11 September 2025, the 5th edition of Circular Textile Days will take place, under the theme “Transforming Mindsets: Embracing Circular Business Models in Textiles”. Circular Textile Days is a business event that provides an excellent opportunity to meet new partners in the sustainable textile market, as well as find and debate innovative […]
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 […]
Montreal-based visual artist Gab Bois has teamed up with the leading refurbished tech marketplace Back Market to create a Y2k inspired collection that merges sustainability with creativity. The collaboration, titled F/W 2005: Hardwear, explores the potential of tech waste in fashion, challenging notion around e-waste, overconsumption and sustainability. Back Market and Gab Bois are using fashion as a platform […]
Andre Carstens, the Netherlands Ambassador to Bangladesh, met with Anwar Hossain, Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Administrator. The BGMEA Support Committee members also attended the meeting held at the BGMEA Complex in Uttara. Discussions centred on enhancing collaboration to advance Bangladesh’s ready-made garment (RMG) sector, with a focus on environmental sustainability through circular […]
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 […]
Japan will reverse its ten-year-old aim of reducing its reliance on nuclear power in its upcoming Strategic Energy Plan, resulting in the country’s energy policy going forward. “Japan will minimize its dependency on nuclear power” was included to the seventh Strategic Energy Plan in 2014, three years after the Fukushima No. 1 nuclear power plant […]
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 […]
Hugo Boss has announced that Stephan Sturm, 61, will become chairman of the company’s supervisory board, following the next annual shareholders meeting on May 15, 2025. Stephan Sturm has a degree in business administration and began his career at McKinsey & Company before moving on to several executive roles in investment banking. Following that, he […]
Unspun, a sustainable fashion tech firm, has launched FitOS, a suite of software tools aimed at changing how businesses and customers approach the sizing and fit of clothes. FitOS, which aims to increase conversion rates, reduce returns, and improve customer experience, allows fashion firms to fulfill current consumers’ expectations with precision while eliminating the industry’s […]
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 International Finance Corporation (IFC) has announced a $50 million investment in Kuçukçalik Tekstil Sanayi ve Ticaret AŞ (Kuçukçalik), a leading home textiles manufacturer operating in Türkiye and Egypt. The funding includes $30 million from IFC’s resources and $20 million through its Managed Co-Lending Portfolio Programme (MCPP). The investment aims to enhance Kuçukçalik’s sustainable production […]
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 […]
Public Eye has unveiled a comprehensive report, One-Earth Fashion [1], outlining 33 measurable targets aimed at reforming the global fashion system by 2030. The report identifies 12 key areas for transformation, including overproduction, greenhouse gas emissions, waste, and workers’ rights. The report sets ambitious goals, such as reducing the use of virgin materials by 40%, […]
TextileGenesis, part of the Lectra Group, is revolutionising cotton traceability with its cutting-edge Software as a Service (SaaS) platform. Designed for fashion brands and sustainable textile manufacturers, the platform ensures reliable digital traceability from fibre to consumer, fostering transparency and sustainability across the supply chain. In partnership with the Aid by Trade Foundation (AbTF), a […]
The Vietnam-based subsidiary of US insole manufacturer OrthoLite, Cirql, announced Cirql Zero, an innovative foam material intended to be biodegradable and industrially compostable, in response to the demand for sustainable midsole components in the footwear sector. It is the first midsole foam capable of scaling up manufacturing to meet worldwide demand, which is anticipated to […]
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 […]
