On Thursday, October 24, a US judge denied Tapestry’s attempt to acquire competitor Capri Holdings, citing “loss of head-to-head competition” as the reason. With the termination of Tapestry’s $8.5 billion deal to acquire Capri Holdings, the owner of Michael Kors is on its own to turn around the beleaguered brand. John D. Idol, the Company’s Chairman […]
The inhabitants of the largest state of Australia is at present encountering an eccentric affair when demanded to opt between the usage of dishwasher or to suffer blackouts as the Australian Government is indicted of stressing Australian citizens of the renewable energy transition. During a severe torrid day, regions of New South Wales has to […]
Stegra and Uniper have signed a long-term agreement for the supply of 6 TWh of electricity to Stegra’s plant in Northern Sweden. Uniper is an energy company with global reach and activities in more than 40 countries. In a long-term power purchase agreement (PPA) with Uniper, Stegra secures a yearly supply of electricity produced over […]
India’s JSW Steel and state-run Steel Authority of India (SAIL) are in talks with Mongolian authorities to import two shipments of coking coal, Reuters reported. JSW Steel, plans to buy 2,500 metric tons, while SAIL aims to import 75,000 metric tons of the steelmaking raw material from Mongolia. Mongolia is offering higher-grade coking coal at prices about […]
ArcelorMittal won a bid on Tuesday to put a subsidiary of Liberty Steel, owned by commodities tycoon Sanjeev Gupta, into administration. The decision came after the court declared that Liberty Steel owed ArcelorMittal a debt of €140 million (approximately $147.4 million) which a London court found was unlikely to be paid. ArcelorMittal sued Liberty Steel […]
Thyssenkrupp’s steel division has announced plans to reduce its workforce by approximately 40% in the coming years, marking the latest significant restructuring effort by the German industrial giant. Workers have opposed the move strongly. Germany’s largest steelmaker, a division of Thyssenkrupp AG, is also facing competition from Asian companies that were not competitors earlier, with […]
Global Standard[1], in collaboration with the Hague-based UpRights Foundation, has released the Global Organic Textile Standard (GOTS) Due Diligence Handbook [2] for Auditors. This 75-page guide provides a comprehensive framework for certification bodies and their auditors to assess compliance with the GOTS 7.0 criteria, which was launched in March 2023. The GOTS 7.0 criteria are […]
The 2023 FDRA Shoe Sustainability Benchmark Progress Report [1], provided an in-depth look at the progress and challenges within the footwear industry’s sustainability journey. It outlines strides in the footwear industry’s efforts toward sustainable practices, emphasizing environmental, social, and governance (ESG) metrics. The report, based on a survey of footwear professionals across the industry, highlighted […]
The International Woolmark Prize, which aims to help rising designers shape the future of fashion through innovation and sustainability, has selected eight finalists for the now biennial fashion competition. ACT N°1 from Italy, Duran Lantink from the Netherlands, Ester Manas and Meryll Rogge from Belgium, London-based Standing Ground, French menswear brand LGN LOUIS GABRIE NOUCHI, […]
The media and lifestyle company 11:11 Media, which Paris Hilton created in 2021 with entertainment industry veteran Bruce Gersh, has partnered with beauty behemoth Guthy-Renker to launch a new business that will sell wellness and beauty goods that are creatively directed and inspired by Hilton. The joint venture, 11:11 Beauty, will be directed by Alexandra […]
In a major setback to foreign investment in Pakistan, Century Steel Group, a leading Chinese conglomerate, has issued a warning about shutting down its operations and withdrawing its investment. Century Steel Group CEO Li Chunjian has announced plans to cease operations and withdraw investment from Pakistan, showing unresolved challenges with government entities overseeing foreign direct […]
Nippon Steel, who has been working on acquiring the U.S. steel, has been on halt due to the opposition faced. However the Nippon steel executive remains confident that the deal will officially be closed by the end of the year, despite President Joe Biden’s opposition. MSN news reported that if Biden stops the takeover even […]
ArcelorMittal, the world’s second-largest steelmaker, announced on Friday that it is postponing planned green investments, due to uncertainties surrounding European Union regulatory directives. Earlier this year, the company secured €850 million ($885 million) in subsidies from the French government to support its €1.7 billion decarbonization investment program, scheduled to run through 2030 at its Dunkirk […]
Chanel is trailing towards a sustainable future, as it appoints renowned luxury executive Sophie Brocart to lead its new circularity initiative. Chanel confirmed Brocart’s arrival in a statement to WWD [1] but did not elaborate on the scope of her new role.Brocrat [2] is currently the CEO of Jean Patou, since 2018. Her extensive experience […]
Stella McCartney, a renowned British luxury fashion house, unveiled a groundbreaking parka jacket [1] made from biologically recycled polyester at the sustainable innovation exhibit at the COP28 Conference. The exhibition was titled “Stella McCartney’s Sustainable Market: Innovating Tomorrow’s Solutions”. This innovative garment, created in collaboration with Protein Evolution, utilized a revolutionary technology that transforms plastic […]
Kering is a global luxury organization that oversees the growth of a number of well-known fashion, leather goods, and jewelry houses, creating the luxury of the future in an ethical and sustainable manner. Since its launch in 2020, Kering has been an active participant in the Science Based Targets Network (SBTN) Corporate Engagement Program, which […]
Spanish steelmaker Celsa has finalized the sale of its mills in Britain and Norway to Se.ven GI, the Czech investment fund confirmed on Thursday, following an earlier report by news outlet El Confidencial. El Confidencial, citing industry sources, reported that the deal was valued at €600 million ($632.10 million), however the company hasn’t confirmed anything yet. […]
European cities are taking bold steps to combat fast fashion locally, even without strong governmental directives, as highlighted in a new report by Zero Waste Europe (ZWE).The report titled ‘Cities and Consumption: Local Solutions to Curb Textile Waste and Combat Fast Fashion’ showcases how municipalities are addressing textile waste and promoting sustainability while discussions on […]
Puma has announced its ambitious new SDGs under its Vision 2030 project, to strengthen its progress in its climate protection efforts. Puma aims to significantly reduce its greenhouse gas emissions and increase the use of recycled materials, setting a new standard for climate responsibility in the fashion industry. In the beginning of the year, they announced a reduction in […]
Bangladesh’s textile and apparel industry has seen extraordinary growth, with record monthly exports of $4.6 billion in November and December 2022. In 2020, the sector’s exports stood at $29.8 billion, ranking it third globally. By 2022, this figure had surged to $49 billion, marking an impressive 64% growth in just two years.Le Tien Truong, head […]
Steelworkers in two northern French cities launched a strike on Wednesday, the CFDT union informed Reuters. The action follows ArcelorMittal’s announcement of possible closures of two plants in the region, which could impact around 130 workers. The company said the potential closures are due to problems in the European auto industry and high raw material […]
Nigerian governors, particularly those in cotton-producing states, have been urged to establish garment industries to drive job creation and economic growth. This call was made by Comrade Peters Godonu, President of the National Union of Textile, Garment and Tailoring Workers of Nigeria (NUTGTWN), during the union’s 36th annual national education conference. The event, organised in […]
Global Fashion Agenda (GFA), Copenhagen Infrastructure Partners (CIP), and international fast fashion companies BESTSELLER and H&M Group are joining forces to develop Bangladesh’s first offshore wind project. This initiative has the potential to significantly increase the availability of renewable energy in one of the fashion industry’s most important manufacturing countries. Announced by fashion giants Bestseller and H&M Group at […]
The European Union reached a provisional agreement in March of 2024 to implement a direct ban on the destruction of unsold textiles and footwear. This effort is part of the Ecodesign for Sustainable Products Regulation (ESPR), which aims to improve product longevity, energy and resource efficiency, repairability, and recyclability. Europe’s textile industry has the fourth highest impact on […]
Kaia Gerber is much more than Cindy Crawford’s daughter when it comes to fashion world; she is a force to be reckoned with and one of the industry’s most influential young faces. Gerber, who was born with a natural knack for modeling and a good sense of style, has dominated the fashion industry. She has […]
Thyssenkrupp, Germany’s largest steelmaker, has announced a €1 billion writedown of its steel division, warning of a structural decline in demand from European industries along with the cost of decarbonization said in a report by Financial Times. The latest write-down of Thyssenkrupp’s steel business comes down with hopes that Czech billionaire Daniel Kretinsky, who currently […]
With its first London store set to open next month, Jacquemus has confirmed its plans to secure a minority investor to support retail expansion and entry into beauty.Founded in 2009, Jacquemus has swiftly ascended to prominence, celebrated for its distinctive designs that merge simplicity with sophistication. In 2023, it reported sales exceeding €270 million, with […]
FOUR PAWS urges policymakers to ban fur farms in Europe after successful European Citizens’ Initiative (ECI). As winter is approaching, the demand for warmer clothes are returning and so is the demand for the production of fur. Eventhough the fur fashion is declining, there are still fur farms active in EU and other countries. These […]
HUGO BOSS [1], the German luxury brand, has committed to strengthening its efforts towards a sustainable future by investing in Zürich-based venture capital platform Collateral Good. Together, they are launching a €100 million ($108 million) fund aimed at accelerating the sustainable transformation of the textile and fashion industry globally. The luxury fashion house will contribute about […]
Renowned fashion designer Stella McCartney unveiled her sustainable ‘Future of Fashion’ line in COP26, featuring innovative lab-grown leather made from mycelium, the root-like structures of fungi. Mycelium is grown in a lab using air, water, and mulch, mimicking a natural process on the forest floor. This pioneering material, known as Mylo™, is a verified vegan […]
GreenIron announced the signing of a Memorandum of Understanding (MOU) with Tellus, an Australian company specializing in advanced end-to-end solutions for managing hazardous materials. The partnership marks GreenIron’s first formal recycling agreement and represents a significant step forward in the company’s journey towards a sustainable and circular economy. Through this collaboration, GreenIron will employ its […]
Saeed Khalfan Al Ghafri, CEO of Emirates Steel, a subsidiary of the Emsteel Group, has announced plans for a groundbreaking project to produce low-carbon iron in Abu Dhabi in partnership with Japanese collaborators. The initiative aims to address the growing global demand for sustainable and eco-friendly products, reported Zawya. In statements to the Emirates News […]
India will announce a formula for defining green steel by mid-December and is working on government procurement for decarbonized steel, Sources told Reuters on Monday. Amidst the various steps toward increasing India’s production capacity for steel by 2030 to meet the growing demands of the Infrastructure industry, as per Experts on the report. India’s steel […]
The Global Fashion Agenda (GFA) has published the third edition of its GFA Monitor Report, just in time for COP29. This annual report offers a comprehensive update on the fashion industry’s sustainability progress. GFA, a non-governmental organization, promotes industry collaboration to drive action and inspire positive change in fashion and sustainability, aiming for a net positive impact. […]
Following a constant decline in sales during the second quarter, Burberry has announced a £40 million cost-reduction strategy to revitalise the brand. Chief executive Joshua Schulman, said he wants it to focus on “productivity, simplification and financial discipline.”The fashion house witnessed a sharp decline, dropping from a £223 million profit recorded during the previous September […]
The 2024 Shanghai Fashion Customisation Week, celebrated its 10th anniversary in May 2024, at the historical Bund 22 building. This year it was themed around sustainable fashion, highlighting the growing importance of eco-friendly practices in the fashion industry. The 2024 Shanghai Fashion Customisation Week was held as part of the Shanghai Global New Products Debut Season. […]
The Dubai Exhibition Centre (DEC) at Expo City is set to undergo an expansion, utilizing 14,000 tonnes of steel, equivalent to constructing two Eiffel Towers, according to a report by Khaleej Times. The project is also said to feature 78,000 square meters of roof sheeting, covering an area comparable to 62 Olympic-size swimming pools, the […]
Khalifa Economic Zones Abu Dhabi (KEZAD) Group and UAE-based Pipetec Solutions Manufacturing have signed a landmark 50-year land lease agreement to establish a cutting-edge steel pipe bending facility in KEZAD Al Ma’mourah (KEZAD A). With an investment of AED 100 million, the 18,000-square-metre plant will feature advanced induction-bending technology, enabling the production of high-quality, precision-engineered […]
Major players in the fashion industry, including Bestseller, Gap Inc., H&M Group, and Mango, are set to transform the consumer goods industry and promote sustainable practices. The Fashion Pact, in partnership with the Apparel Impact Institute, Guidehouse, and DBS Bank, has initiated a collective financing model to support apparel suppliers’ deep decarbonization. This initiative combines […]
Redress, a Hong Kong-based environmental NGO, is concluding its impactful consumer-focused series of sustainable fashion initiatives. The organization has been highlighting the innovation and dedication of Chinese designers who are leading the way sustainably, particularly through showcases at Shanghai Fashion Week and exhibitions at Bicester Village Shanghai. Dr. Christina Dean, Founder of Redress, emphasized the […]
MCM, a high-end German fashion brand, has launched a new capsule collection named Mirum. This collection includes an innovative, environmental friendly and cruelty-free alternative to traditional leather. “Traditional leather alternatives are heavily reliant on fossil-fuel derived synthetics, which do not biodegrade and contribute to the global plastic issue. That’s why we are proud to partner […]
A think tank reported on Friday that top global iron ore exporter Australia could lose as much as half its revenue from the sector if it fails to start producing green iron fast enough, as other countries start making steel using renewable energy. Iron ore is Australia’s biggest export earner, but so far, progress has […]
The National Union of Metalworkers of South Africa (NUMSA) has given notice that, with effect from 14 November, is going on a strike as ArcelorMittal South Africa (AMSA) announced that it will be affecting 107 workers. “NUMSA has issued a strike notice to the company and it begins on Thursday the 14th of November,” NUMSA […]
Canadian athleisure brand Lululemon is under increasing pressure over allegations of misleading consumers about its environmental impact. The accusations were brought forward by the Canadian environmental campaign group Stand.earth, claim that Lululemon is engaging in greenwashing. Stand.earth has filed legal complaints against Lululemon’s ‘Be Planet’ campaign in Canada, France, and the USA, arguing that the […]
H&M Group is partnering with Lightsource BP to construct a large-scale solar farm in Texas, USA, as part of their climate goals. The fashion giant has signed a virtual power purchase agreement (VPPA) with global solar leader Lightsource BP for a 125 MW Second Division solar project, which will play a significant role in reducing […]
FC Barcelona have announced a new multi year agreement with American kit supplier Nike which will help to further alleviate their financial problems. The length and value of the new Barcelona and Nike contract has yet to be disclosed, but according to Spanish media, it is said to be one of the biggest deal in […]
Plans are in progress to construct an electric arc furnace aimed at producing green steel for Europe on Thailand’s eastern coast. This will benefit Europe from contentious new rules that will force buyers to pay tariffs on high-carbon imports. In 2023, the EU imported 16 million tons of finished steel products from Asia, with mills […]
British Steel’s blast furnaces in Scunthorpe will continue operating into the New Year. Following reports in August that the furnaces might close this year, British Steel spokesperson has confirmed that they will remain open through 2024. An early closure would have impacted over 2,000 employees. British Steel has acquired the necessary raw materials to keep […]
The 17th edition of the Bangladesh Denim Expo has successfully concluded at the International Convention City Bashundhara in Dhaka. The expo was held on November 4th and 5th, 2024. The expo was organized by Bangladesh Apparel Exchange and had over 45 exhibitors from seven countries. This year’s expo was under the theme “A Blue New World.” […]
Amsterdam-based Fashion for Good has launched World of Waste, a free online tool designed to pinpoint global textile waste hotspots. Developed with support from Reverse Resources, Global Fashion Agenda, Circle Economy, and Accelerating Circularity, the tool enables innovators and recyclers to locate and utilise textile waste resources worldwide, providing comprehensive regional data on waste volume, […]
Europe’s leading fashion brand, Mango has pledged to acquire exclusively certified wool free from live lamb cutting, popularly known as mulesing, by signing the FOUR PAWS Brand Letter of Intent. The company has now joined the 90 international fashion companies including Adidas, Zara and Patagonia that have already agreed to FOUR PAW’s Letter of Intent. […]
Steel magnate Sanjeev Gupta is set to seek court approval to restructure the majority of his remaining UK operations. Sky News reported that Liberty Steel, Mr. Gupta’s privately-owned company, will introduce a restructuring plan for its UK Speciality Steel division (SSUK) on Monday, aimed at significantly reducing its debt. Begbies Traynor, considered the insolvency practitioner, has […]
The Industrial Transition Accelerator (ITA) has announced new partnerships with the governments of the UAE and Bahrain to expand its industrial decarbonization initiatives throughout the Middle East and North Africa (MENA) region, Zawya Reported. According to the report, This marks the ITA’s second focus region after the success of its Brazil program, launched in collaboration […]
Levi Strauss & Co., the US-based denim manufacturer, unveiled its first climate transition plan in October to address its environmental impact. This ambitious plan aims to support limiting global warming to 1.5 degrees Celsius, in line with the Paris Agreement and with climate science. Joining other major denim manufacturers like Diesel and Gap, Levi aims to achieve […]
The US-based activewear brand Vuori has secured an investment worth $825 million, raising the company’s net worth to nearly $5.5 billion. These are impressive numbers, considering the current challenges experienced in the apparel industry. The funding round was led by the General Atlantic and Stripes, with support from several additional investors.The investment is structured as […]
In January 2025, Estée Lauder will welcome Stéphane de La Faverie as its new President and CEO. He succeeds Fabrizio Freda, who announced his retirement after more than 16 years at the helm. De La Faverie brings over 25 years of experience in luxury beauty, having joined Estée Lauder in 2011 as Global President of […]
David Shah, a renowned trend forecaster, painted a challenging yet hopeful picture for the textile industry, particularly in swimwear and activewear, at the Mare di Moda fair, held from November 5 to 7 at the Paris des Festivals in Cannes, France. He began his seminar with a powerful statement which stated “I’ve been in this […]
Following a global campaign by animal rights groups, the Italian luxury brand Max Mara has confirmed that it has gone fur-free. This decision comes after an 18-month-long campaign led by individual activists, the Coalition to Abolish the Fur Trade (CAFT), and the Fur Free Alliance, which mounted significant pressure on the fashion giant. For some […]
Seattle-based NGO Upaya Social Ventures has announced its investment in Ecoright, a unique sustainable fashion and ethical lifestyle brand based in Gujarat, India. Upaya leverages its philanthropic funding to provide dignified jobs for people living in extreme poverty. Since its inception in 2011, Upaya has invested in 41 companies and is reported to have created […]
A recent report published by the Danish non-profit Global Fashion Agenda (GFA) revealed that economic pressures are hindering the progress of fashion companies’ sustainability initiatives.The report, which focuses on leading the industry giants towards a sustainable and net-positive fashion sector, urges them to include sustainability in their business plans, combining swift action with long-term resilience.The […]
China is increasing its coal power production, despite advancements in renewable energy, primarily due to soaring domestic electricity demand and concerns over energy security. With a record coal mining output of 4.7 billion metric tons in 2023, the country continues to develop new coal-fired power plants, approving 106 gigawatts of new capacity—enough to power the […]
China has requested that countries hold talks at next week’s COP29 U.N. climate summit on carbon border taxes and other “restrictive trade measures” that Beijing says are hurting developing countries, according to reports by Reuters. The talk is expected to highlight the mounting trade tensions between major economies that could disrupt this year’s United Nations climate […]
Iberdrola, a global leader in renewable energy, has signed a multi-year agreement with Acciaierie Venete Spa, a key player in Europe’s steel industry, to supply 12 MW of green electricity through a Power Purchase Agreement (PPA). Under this deal, Iberdrola will provide clean energy from one of its photovoltaic plants currently under construction, delivering a […]
Donald Trump’s recent pledge to halt renewable energy projects on the first day of a potential new presidency has alarmed the clean energy sector, leading to significant drops in renewable energy stocks. Notably, shares of Orsted, Vestas, and Nordex have seen declines of up to 14% and 11%, respectively. Trump’s previous comments about renewable energy, […]
In a move to develop a more accountable and transparent textile industry, Aware—the traceability platform provider—has partnered with recycled polyester, yarn and fabric maker, Baichuan Resources Recycling. The collaboration focuses on increasing the responsibility and transparency of the textile industry as well as fostering a commitment to reduce the environmental impact of textile production, marking […]
Masdar has entered into a Joint Study Agreement with Sarawak Energy and Gentari to evaluate the feasibility of a large-scale floating solar power plant at the Murum Hydroelectric Plant reservoir in Sarawak, Malaysia. This initiative represents a significant move towards enhancing renewable energy capacity in the state and aligns with Malaysia’s broader clean energy goals. […]
ArcelorMittal, the world’s second-largest steel producer, could potentially more than double its annual production in Ukraine, increasing output by at least 3 million metric tons if stability returns to the conflict-impacted region. Chief Financial Officer Genuino Christino shared this outlook during a quarterly investor call on Thursday. However, he did not specify the exact conditions […]
In a recent report on Reuters, they stated that Nippon Steel, Japan hopes to close a deal of $15 billion deal to buy US Steel before the Republican Leader Donald Trump Takes over the White House again in January. A senior executive explains that the acquisition is a core for future growth. However, as per […]
Europe’s natural gas generation and emissions, which were at their lowest in the first three quarters of 2024, are expected to rise significantly as winter arrives. From January to September, electricity production from coal and natural gas decreased by 7.5% compared to 2023, resulting in a 7% drop in power emissions to 928 million metric […]
China is advancing renewable energy initiatives in Africa, highlighted by the presence of a geothermal power plant in Kenya’s Great Rift Valley. The 35-megawatt Orpower 22 project, led by the state-owned company PowerChina and funded by the Chinese firm Kaishan Group for US$93 million, aims to boost Kenya’s geothermal energy output. President William Ruto announced that […]
According to the Ministry of Industry and Transport, the Egyptian Ministries of Agriculture and Industry have signed an agreement with the United Nations Industrial Development Organization (UNIDO) to launch the second phase of the Egyptian Cotton Project.The second phase aims to solidify the Egyptian cotton value chain’s environmental, economic, and social sustainability by boosting cotton […]
Over the next few years, Rieter, the Swiss leader in staple fibre yarn spinning technology, plans to establish cotton transformation plants across Africa, targeting a production volume of around 500,000 metric tonnes. This initiative is expected to create nearly half a million job opportunities.In partnership with Arise IIP and the African Export-Import Bank, Rieter will […]
The Mexican government’s energy plan aims to enhance the capabilities of the state-owned electricity company, CFE, while establishing regulations for private renewable energy producers. Energy Minister Luz Elena Gonzalez announced that private companies will be allowed to increase capacity by 9.6 gigawatts from renewable sources by 2030. The $23.4 billion investment plan includes CFE […]
There are 7 major factories producing iron ore in Oman now, contributing to the Sultanate’s GDP increased to more than 2% according to the statement by the Directorate General of Industry at the Ministry of Commerce, Industry and Investment Promotion (MoCIIP) The 2022 industrial survey data showed that the exports of these factories amounted to […]
Pennsylvania has announced an investment of over $6.7 million to support Mitsubishi Electric Power Products, Inc. (MEPPI) in expanding its operations in the Pittsburgh area, which is part of MEPPI’s larger $86 million investment plan. They are planning on building an advanced switchgear factory and increasing facilities for power electronics and testing labs. This project will […]
Construction is advancing on one of the world’s largest offshore wind farms being developed on Teesside with the help of British steel. SeAH Wind, by SeAH Steel Holdings Corporation, based in the United Kingdom, constructing its £900 million monopile manufacturing facility on the south bank of the River Tees at Teesworks is currently 90% complete. Following […]
Oil Prices Rise as OPEC+ Postpones Production Cut Rollback, But Future Stability Remains Uncertain Crude oil prices surged over $1 per barrel following OPEC+’s decision to postpone a planned partial rollback of production cuts, which would have reinstated 180,000 barrels per day starting in December. The group emphasized that any supply increase was contingent on […]
The two companies, India’s JSW steels and South Korea’s POSCO- are to invest 650 billion rupees ($7.73 billion) in a plant in India in the coming years, partially to capitalize on rising steel demand in the world’s fastest-growing major economy. JSW Steel and POSCO have signed an agreement to set up an integrated steel plant […]
Major shareholder of Salzgitter, GP Günter Papenburg was considering a potential takeover of the German steelmaker with a partner., reported by Reuters. GP Günter Papenburg has notified the Company that it is considering, together with TSR Recycling GmbH & Co. KG (jointly the “Consortium”), to submit a voluntary public takeover bid to the shareholders of […]
Kanoo Energy has expanded into cleaner energy projects and technologies, driven by increasing demand for energy efficiency in the UAE’s manufacturing sector. Raman Marwaha, General Manager, outlines the company’s strategic initiatives, including investments in high-efficiency gas-based power generation and partnerships with technology providers to help clients implement sustainability programs and reduce emissions. The UAE government’s commitment […]
The Ministry of Steel said in an official statement that the Government has invested Rs 1,650 crore in state-owned Rashtriya Ispat Nigam Limited (RINL) to tackle its financial issues. RINL is a public sector undertaking (PSU) under the Ministry of Steel, Government of India. It is also known as Vizag Steel and is the corporate entity of […]
GE Vernova, Inc. will participate in the ADIPEC 2024 conference from November 4-7 in Abu Dhabi, UAE. ADIPEC, which stands for the Abu Dhabi International Petroleum Exhibition and Conference, is among the largest energy exhibitions in the world showcasing technologies aimed at enhancing reliable, affordable, and secure electricity systems while reducing carbon emissions. GE Vernova’s booth […]
Adidas, founded by Adolf Dassler, stands as Europe’s largest sportswear manufacturer and the world’s second-largest after Nike. Originally co-founded with his elder brother Rudolf, their split saw Rudolf establish Puma, sparking a historic rivalry that propelled both brands to global prominence, shaping the sportswear industry into a multi-billion-dollar industry. In recent years, Adidas has encountered […]
Cleveland-cliffs Inc. (cliffs) has successfully acquired Stelco Holdings Inc., steelmaker in North America, providing technologically advanced and integrated products. This Acquisition provided Cliffs a new position in the global steel industry as the largest falt-rolled steel producer in North America. The acquisition is aimed at diversifying Cliffs’ end markets and expanding its geographical presence in […]
During the Future Investment Initiative conference held in Riyadh from October 29 to 31, Saudi Arabia’s Energy Minister, Abdul Aziz Bin Salman, announced the country’s position as the leading producer of green and clean hydrogen, ready to export it globally. Salman emphasized the nation’s strategy to diversify its economy, enhance value, ensure supply chain flexibility, […]
China has introduced a comprehensive 17-point plan aimed at transitioning to renewable energy while gradually reducing coal usage to enhance energy security and support its climate commitments. The National Development and Reform Commission (NDRC) emphasizes a safe and orderly energy transition across various industries, targeting a renewable energy consumption equivalent to over 1.1 billion tonnes of […]
The Arab Development Establishment (ADE) and Schneider Electric have officially inaugurated their joint venture manufacturing facility, TAQANA Energy Solutions, in Abu Dhabi’s Industrial City. The opening ceremony was attended by key dignitaries, including government officials and industry leaders, and aligns with the UAE’s “Make it in the Emirates” initiative. His Excellency Omar Al Suwaidi […]
Microsoft has announced initiatives to reduce the embodied carbon footprint of its data centers, notably the latest development, using wood in construction to replace steel and concrete. Microsoft had set 2030 goals to become carbon-negative by reducing Scope 3 emissions by more than half compared to 2020; the company reported that Scope 3 emissions in 2023 […]
Masdar, the UAE’s leading clean energy company, has announced that it is postponing its target of achieving 1 million tons per year of green hydrogen capacity beyond 2030. The firm’s press office indicated that the new target will extend over the next decade, although specific reasons for the delay were not provided. Masdar is actively […]
Sae-A Trading, the global clothing manufacturer, has joined the Fashion Forever Green Pact, a global FSC initiative that unites fashion leaders in fostering sustainable forest management. As a voluntary participant, Sae-A Trading aligns with this industry-wide effort to protect forests and promote responsible materials sourcing.The Fashion Forever Green Pact promotes apparel companies using forest-based materials […]
The Centre for Sustainable Fashion at London College of Fashion, University of the Arts London (UAL), has announced the launch of a pioneering new programme in partnership with global luxury group Kering. Titled Governance for Tomorrow, the three-year initiative celebrates the tenth anniversary of the organisations’ partnership, aiming to reform governance in the luxury fashion […]
Tlaxcala, Mexico – On Wednesday morning, a morning blast took place inside the facility of a Simec-owned steel plant situated in Apizaco, Tlaxcala. According to the statement of state authorities, at least 12 workers have been killed due to this blast. “At the plant of the steel complex located in the city of Apizaco, Tlaxcala, a liquid steel spill occurred with the loss of human lives, temporarily paralyzing operations,” according to a confirmed statement by Simec. […]
Tokyo, Japan – Nippon Steel Corporation (NSC) today announced an international release of its ProStruct™ brand, a further extension of its advanced construction solutions to meet rising demand for high-performance building materials and infrastructure worldwide. First unveiled in Japan in 2022, the ProStruct™ brand represents the union of expertise possessed by Nippon Steel in the area of high-strength steel materials and structural technology, offering a comprehensive package of materials, engineering support, and construction technology meeting diverse market needs. […]
Australia to risk its position in the global market for iron ore, if they do not shift to producing green iron said Fortescue CEO Dino Otranto on Tuesday as per reports on Reuters. Australia, the largest supplier of seaborne iron ore and responsible for about half of the global supply, produces Pilbara grades from the […]
The construction of Belgium’s first green energy island, Princess Elisabeth Island, is facing significant financial challenges as costs have surged to over seven billion euros, more than triple the initial estimate of 2.2 billion euros. This ambitious project, located 45 km off the Belgian coast, aims to support the country’s shift from fossil fuels to […]
Low Carbon, a UK-based renewable energy investor sold a significant 6 GW battery storage project to S4 Energy in the Netherlands. One of the largest battery storage initiatives worldwide, the project aims to assist in balancing supply and demand as the Netherlands targets a 39% renewable energy mix by 2030 due to challenges in meeting […]
Birla Cellulose—the cellulosic fibres arm of the Aditya Birla Group and a global leader in Man-Made Cellulosic Fibres (MMCF)—has joined hands with Circ, a US-based innovator in textile-to-textile recycling, for a long-term partnership focused on promoting the adoption rate of recycled fibres in the textile industry.According to the terms of the partnership, around 5000 tons […]
Textile finishing is among the most resource-intensive phases of production, heavily impacting water and energy usage and carbon emissions, making it a critical challenge for sustainability in the textile industry. Process automation has become essential to overcoming these issues, and ELIAR, with over 40 years of expertise, is at the forefront, providing advanced solutions that […]
PetroChina plans to close its largest refinery, the Dalian Petrochemical plant, located in downtown Dalian, China, by 2025. This facility, which processes 410,000 barrels of oil per day and represents about 3% of China’s total refinery output, will be relocated following years of pressure from local authorities due to safety concerns and previous incidents in […]
