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ZURICH, March 22, 2023 /PRNewswire/ -- Amcor (NYSE: AMCR) (ASX: AMC), a global leader in developing and producing responsible packaging solutions, today announced a joint research project agreement with Nfinite Nanotechnology Inc. to validate the use of Nfinite's nanocoating technology to enhance both recyclable and compostable packaging. In the proof-of-concept phase of the project, Nfinite's coating technology will be applied to Amcor's existing recyclable and compostable packaging material. The objective is to deliver an oxygen barrier to improve performance for recyclable and compostable packaging. Once validated, the next stage of development will seek to ensure the products are optimized to Amcor's manufacturing processes and analyze additional substrates like bio-based materials to create more sustainable applications. This project marks an important milestone in the partnership between Amcor and Nfinite that began in 2022 when Nfinite was selected as an Amcor Lift-Off winner. In addition to receiving $250,000 in seed funding, Amcor Lift-Off start-ups have the opportunity to work with Amcor's Research & Development team to create new applications that can advance both companies' efforts toward driving circularity. Amcor Vice President of Corporate Venturing and Open Innovation, Frank Lehmann, said, "This joint research project agreement is an important step, and showcases Amcor's solution-based commitment to sustainability and innovation. Collaborating with innovative start-ups like Nfinite, particularly in the early stage of this exciting new technology, is one more way we are working to advance our shared sustainability goals." Chee Hau Teoh, co-founder and CEO at Nfinite Nanotechnology, said, "We're very pleased to have Amcor's support in advancing our ambitions to deliver this nanocoating technology in packaging applications. Once scaled up, we can begin looking for pilot companies eager to leverage this technology." To learn more about how Amcor's collaboration with Nfinite began as a result of the Corporate Venturing team's Amcor Lift-Off program, click here. About Amcor Amcor is a global leader in developing and producing responsible packaging solutions for food, beverage, pharmaceutical, medical, home and personal-care, and other products. Amcor works with leading companies around the world to protect their products and the people who rely on them, differentiate brands, and improve supply chains through a range of flexible and rigid packaging, specialty cartons, closures, and services. The company is focused on making packaging that is increasingly lighter weight, recyclable and reusable, and made using an increasing amount of recycled content. In fiscal year 2022, 44,000 Amcor people generated $15 billion in annual sales from operations that span 220 locations in 43 countries. NYSE: AMCR; ASX: AMCwww.amcor.com I LinkedIn I Facebook I YouTube About Nfinite Nanotechnology Nfinite Nanotechnology is a venture-backed advanced material company based in Waterloo, Canada, that aims to build a more sustainable world through the advancement of compostable and recyclable packaging. Nfinite's breakthrough nanocoating technology is based on more than 10 years of science and experience in the development of advanced functional thin films. Nfinite is commercializing its rapid, open-air nanocoating platform, which produces large-area, high-quality, ultrathin-films at low cost. Nfinite's mission is to provide the packaging industry with a sustainable path forward by delivering high-performance barriers layers for sustainable packaging, accelerating the world's goal to eliminate plastic packaging pollution.
SHENZHEN, China, March 21, 2023 /PRNewswire/ -- Themed 'Forests and Health', this year's International Day of Forests on March 21 is a call for humanity to consider its relationship with the Earth's forests and the direct impact they have on our longevity and well-being. Many people are familiar with the metaphor that forests are the lungs of the planet, breathing out clean air and serving as vital carbon sinks that mitigate the effects of climate change. Fewer, however, are aware of the intrinsic links that forests have with our day-to-day health. Did you know? As well as the planet's lungs, forests are also nature's pharmacy and larder. They provide us with around 25% of western medicines, with upwards of 50,000 plants contributing to modern drugs. And a study of 27 African countries shows that children exposed to forests had 25% greater diet diversity thanks to an abundance of fruit, vegetables, bush meat, fish, and edible oils. But the prognosis for forests is alarming. Around 35% of the world's forest cover has been lost, with 82% of the remainder degraded. The rapidity and extent of these threats require long-term, committed intervention. A story of protection One way technology is protecting forest ecosystems is by preventing illegal logging, which accounts for up to 90% of all logging activities and is a major contributor to global deforestation. In Similajau National Park in Malaysia's Sarawak state, we are working with the Sarawak Forest Department and Sarawak Forestry Corporation to enable the Sarawak government to protect its rainforests. The park is not just rich in biodiversity, it is also a sustainable source of medicine and food for local people, many of whom depend on the forest for their livelihoods. However, illegal logging remains a prominent threat, causing widespread degradation of the rainforest ecosystem and biodiversity loss. Now, though, there is hope. 'Guardian' acoustic monitoring devices can detect the sound of trucks and chainsaws used for illegal logging. Each Guardian can cover an area of 7 km and send networked real-time alerts via a cloud platform to rangers' phones, enabling real-time intervention. Audio and visual monitoring technology and AI analytics can also help monitor endangered species through their vocalizations. By tracking their populations and distribution, conservationists can develop precise conservation measures. Of particular interest are umbrella species, the well-being of which is pivotal to the health of the forest ecosystems they inhabit. Examples of biodiversity monitoring projects that target umbrella species include Darwin's foxes in Chile and jaguars in Mexico's Dzilam State Reserve. Technology can also trigger smart conservation action in forested areas. In Switzerland, a pilot Tech4Nature project in partnership with IUCN and Porini Foundation uses blockchain to develop a system to trace carbon sequestration to boost the transparency and traceability of forest carbon sink transactions, with a view to using these credits to fund other biodiversity conservation projects. The above are examples of forest ecosystem protection projects under Huawei's TECH4ALL initiative. Together with global partners, technological solutions have been developed comprising audio and visual monitoring devices, communication networks, cloud, and AI analytics. These can achieve conservation outcomes that would have been impossible even a decade ago. With scientific evidence strongly correlating forest health and human health, it is imperative that we keep our forests healthy. Our experience so far shows that this approach is working. And that knowledge drives us to keep striving with our partners to help build a healthy, sustainable future for both us and our forests. Learn more about Huawei's TECH4ALL and Tech4Nature initiatives.
Infinity Power has acquired 100% shareholding of Lekela Power, an Africa based wind power platform Transaction makes Infinity Power Africa's largest pure play renewable power company The combined operational portfolio of Infinity Power now stands at 1.3GW with a strong pipeline of 13.8 GW Transaction delivers on Infinity Power's COP27 promise of being fastest growing renewable energy company in Africa Infinity Power is joint venture between Egypt's Infinity and the UAE's Masdar, one of the world's fastest-growing clean energy companies ABU DHABI, UAE, March 20, 2023 /PRNewswire/ -- Infinity Power, a joint venture between Egypt's Infinity and UAE's Masdar, announced today it has completed the acquisition of the entire shareholding of Lekela Power. The transaction makes Infinity Power the largest renewable energy company on the African continent. Infinity's key stakeholders include Africa Finance Corporation (AFC) and European Bank for Reconstruction and Development (EBRD). Infinity Power Finalizes Acquisition of Lekela Power in Africa's Biggest Renewable Energy Deal Lekela currently operates 1 gigawatt (GW) of wind power projects in South Africa, Egypt and Senegal, and has a 1.8 GW project pipeline, which are in various stages of development. The transaction was funded through equity investment from shareholders and debt from Absa Corporate and Investment Banking (Absa CIB) and Mauritian Commercial Bank (MCB) Mohamed Ismail Mansour, Chairman, Infinity Power said, "Having successfully finalized the Lekela acquisition, we will build upon this milestone to reach our target of installing and operating 2 GW of greenfield projects by 2025. With this transaction, we have delivered on the promise made during COP27 of being the fastest-growing renewable energy company in Africa. We continue to drive efforts that reduce carbon emissions, increase renewable energy sources, and develop efficient energy solutions for the entire region, in order to achieve our vision of providing clean, reliable and affordable electricity access to people in underserved communities across Africa." Nayer Fouad, CEO, Infinity Power, said, "We are very pleased to welcome Lekela Power into the Infinity Power family and look forward to building this next chapter together. The acquisition has the potential to bring much needed stability in power supply to African countries that are facing energy insecurity. This is a major step forward for Africa's future, and a significant move in enabling the shift towards sustainable energy, providing a more stable and secure source of power for its citizens. It is also a key milestone in our journey, and is the beginning of the next phase of our plan as we continue working towards creating a truly sustainable ecosystem for green energy across the continent." Masdar, investors in Infinity Power HE Dr Sultan Al Jaber, UAE Minister of Industry and Advanced Technology, COP28 President-Designate, and Chairman of Masdar, said, "Through our investment in Infinity Power Masdar is able to extend its reach across Africa and support developing nations on their clean energy transitions. This acquisition will give Infinity Power greater scale to deploy practical climate solutions that deliver measureable outcomes, in line with the COP28 objective of being inclusive, transparent, pragmatic, and results oriented." Mohamed Jameel Al Ramahi, CEO, Masdar, said, "This landmark acquisition of Lekela Power will position our Infinity Power joint venture as the market leader in Africa, and is also recognition of the continent's tremendous renewable energy potential. Greater access to clean energy will enable African nations to develop their economies sustainably while meeting their climate objectives – in alignment with COP28's goal of delivering inclusive climate progress." Lucy Heintz, Partner and Head of Energy Infrastructure, Actis, said: "We are delighted to announce the successful exit of Lekela. When we established Lekela, we were determined to ensure the business became a role model for what a sustainable business should look like in Africa and we are leaving the business strongly positioned both as a recognised sustainability leader and as a key player in the African energy transition, with a 2.8GW portfolio of projects in operation and development. We are confident Lekela, with its new shareholders, will continue to play a leading role in the energy transition across the continent." Chris Antonopoulos, CEO of Lekela, said, "We can already see that the backing of Lekela's new investors, Infinity Power, will make our next chapter an exciting one. We remain committed to delivering clean, reliable power for communities and countries across Africa. To do this we are growing our pipeline, exploring new technologies and will continue to create positive impact for the communities where we operate. We would like to thank Actis and the Mainstream-led consortium for all their support and guidance over the last eight years. Together, we grew Lekela from zero to over 1GW of wind power in operation and proved renewable energy has the potential to contribute to Africa's sustainable future. We now look forward to working with Infinity Power, as well as its shareholders and stakeholders to continue this work and further accelerate the growth of Lekela." AFC and EBRD, investors in Infinity Group Samaila Zubairu, Africa Finance Corporation President & CEO, said: "In order to address Africa's energy crisis in a sustainable and climate responsible manner, the African private and public sectors must work in collaboration with global strategic partners, and the recent acquisition of the largest renewable energy asset in Africa is a significant milestone towards this goal. With this acquisition, we emphasize the importance of utilizing steady and affordable power from abundant natural sources to drive a quantum leap in both the scale and diversity of energy solutions. This achievement positions AFC, working with our partners, to establish a 3GW renewable energy platform, accelerate Africa's instrumental role in reaching global net zero, and build the foundations upon which value addition, industrialization and economic growth on the continent will emerge." Nandita Parshad, Managing Director of the Sustainable Infrastructure Group, EBRD, said: "We are delighted to witness our long-standing partner Infinity Group become the largest renewable energy player in Africa. EBRD is proud to be part of this strategic transaction, which is expected to unlock growth opportunities in Egypt and beyond. The acquisition of Lekela Power marks a significant milestone for Infinity Power, paving the way for the company to capture ample opportunities in the energy space in Africa, delivering clean and sustainable energy to the continent." Infinity Power was established in 2020 to develop utility-scale and distributed solar energy and wind power projects in Africa. By developing renewable projects in Africa, Infinity Power aims to improve energy access across the continent, while boosting economic development, and creating much-needed jobs, particularly in remote areas. Infinity Power's total capacity of operational projects is 1.3 GW, which equates to a reduction of more than 3 million tons of CO2 emissions per year using conventional power generation. The company also has 13.8 GW of projects in the pipeline at different stages of development. Established in 2015, Lekela Power was previously owned 60 percent Actis, a global investor in sustainable infrastructure, and 40 percent by a consortium, led by global wind and solar company Mainstream Renewable Power, called Mainstream Renewable Power Africa Holdings ('MRPAH'). Africa's installed renewable capacity is set to grow from 54 GW in 2020 to more than 530 GW by 2040, according to the International Renewable Energy Agency (IRENA), with solar PV soaring to 340 GW, and wind rising to 90 GW. Increasing renewable energy resources will also drive energy access, with almost half of Africa's population still without access to electricity. Cantor Fitzgerald, Absa CIB, Norton Rose Fulbright, Al Kamel Law, Ernst & Young and AFRY advised Infinity Power on the transaction. Absa CIB and MCB acted as the Mandated Lead Arrangers on the acquisition financing facilities. About Infinity Power Infinity Power Holding B.V is a joint venture between Egypt's Infinity and Masdar (Abu Dhabi Future Energy Company) to target power generation projects through renewable energy sources, namely solar and wind technologies on the utility-scale, as well as commercial and industrial scale in Africa. Infinity Power brings together both companies' strong track record of developing and operating renewable energy assets. With current projects located in Egypt, South Africa, Senegal and Ghana, Infinity Power aims to expand its operations in markets across all 54 African countries, providing electricity to all locations in Africa, which are in most need of power. Infinity Power's total capacity of operational projects is 1.3 GW, which equates to a reduction of more than 3 million tons of CO2 emissions per year using conventional power generation. The company also has 13.8 GW of projects in the pipeline at different stages of development. For more information please visit our website and connect with us on social media: Infinity Power Website: www.weareiph.comFacebook: https://www.facebook.com/InfinityPowerHolding/ LinkedIn: https://www.linkedin.com/company/infinity-power/ Infinity Website: www.weareinfinity.com Facebook: https://www.facebook.com/InfinityRenewableEnergyLinkedIn: https://www.linkedin.com/company/infinityrenewables/ This material is distributed by Daniel J. Edelman, Inc. on behalf of Masdar. Additional information is available at the Department of Justice, Washington, DC.
As a technical advisor, the company helped quantify the volume of waste generated from beverage containers by creating a data room to consolidate data NEWTOWN, Pa., March 16, 2023 /PRNewswire/ -- Hong Kong disposes of more than 2,300 tons of plastic waste a day, and with a low recycling rate of 11%, most of it goes into landfills, according to government figures.i EPAM Systems, Inc. (NYSE: EPAM), a leading digital transformation services and product engineering company, today announced its technical advisory role with Drink Without Waste, an initiative led by the Single-Use Beverage Packaging Working Group, to develop and facilitate strategies and actions that significantly reduce waste from beverage consumption arriving in landfills and polluting the environment. The first initiative was creating a Data Room to consolidate recycling data and provide visibility around the volume of waste collected. "Protecting the environment and creating innovative conservation solutions is at the core of our ESG mission, which is why it was a natural fit for us to partner with Drink Without Waste and help them reduce litter from single-use plastic bottles in the APAC region," said Darren Lee Starsmore, SVP, Head of EPAM APAC. "The Data Room we created is a foundational and fully scalable component in supporting a much larger recycling theme in Hong Kong. We're looking forward to seeing great things happen as a result." A significant pain point for the non-profit organization was monitoring the recovery of used beverage packaging through the program using Excel spreadsheets. The new Data Room—hosted on AWS cloud—consolidates the data, reduces manual effort, and provides a scalable solution for future projects. Designed to provide transparency and improve the collection and auditing process that comes from collectors, recyclers, logistic providers, and supportive campaign partners, the data room is equipped with automated reminder emails, a dashboard for the public, and Power BI reporting for internal stakeholders. In addition, it also calculates the subsidy amount that needs to be given to collectors and recyclers. "We are pleased to be working with EPAM to combat the plastic crisis in Hong Kong," said Paul Zimmerman, General Manager, Drink Without Waste. "Visibility of data streams is key to expeditious implementation of a Producer Responsibility Scheme for beverage containers in Hong Kong. The Data Room is the core module that will support future developments in recording and reporting requirements and is key to building much-needed trust in recycling systems in Hong Kong." Named a 2022 Barron's 100 Most Sustainable Company, EPAM's detailed planning represents an interconnected effort to lead its employees and industry partners to a new standard of environmental responsibility. Examples of its innovative conservation solutions include Image n Pay digital payments, the Footprint plastic bag problem and Trashly, named a Best Environmental Mobile App by Google. Learn more about the Drink Without Waste project in an interview with Paul Zimmerman. To learn more about EPAM's approach to corporate responsibility, visit epam.com/about/who-we-are/corporate-responsibility About EPAM SystemsSince 1993, EPAM Systems, Inc. (NYSE: EPAM) has leveraged its advanced software engineering heritage to become the foremost global digital transformation services provider – leading the industry in digital and physical product development and digital platform engineering services. Through its innovative strategy; integrated advisory, consulting, and design capabilities; and unique 'Engineering DNA,' EPAM's globally deployed hybrid teams help make the future real for clients and communities around the world by powering better enterprise, education and health platforms that connect people, optimize experiences, and improve people's lives. In 2021, EPAM was added to the S&P 500 and included in the Forbes Global 2000 companies list. Selected by Newsweek as a 2021 and 2022 Most Loved Workplace, EPAM's global multi-disciplinary teams serve customers in more than 50 countries across six continents. As a recognized leader, EPAM is listed among the top 15 companies in Information Technology Services on the Fortune 1000 and ranked four times as the leading IT services company on Fortune's 100 Fastest Growing Companies list. EPAM is also listed among Ad Age's top 25 World's Largest Agency Companies for three consecutive years, and Consulting Magazine named EPAM Continuum a top 20 Fastest Growing Firm. Learn more at www.epam.com and follow EPAM on Twitter and LinkedIn. Forward-Looking StatementsThis press release includes estimates and statements which may constitute forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, the accuracy of which are necessarily subject to risks, uncertainties, and assumptions as to future events that may not prove to be accurate. Our estimates and forward-looking statements are mainly based on our current expectations and estimates of future events and trends, which affect or may affect our business and operations. These statements may include words such as "may," "will," "should," "believe," "expect," "anticipate," "intend," "plan," "estimate" or similar expressions. Those future events and trends may relate to, among other things, developments relating to the war in Ukraine, political and civil unrest or military action in the geographies where we conduct business and operate, developments relating to COVID-19, and the effect that they may have on our revenues, operations, access to capital, profitability and customer demand. Other factors that could cause actual results to differ materially from those expressed or implied include general economic conditions, the risk factors discussed in the Company's most recent Annual Report on Form 10-K and the factors discussed in the Company's Quarterly Reports on Form 10-Q, particularly under the headings "Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Risk Factors" and other filings with the Securities and Exchange Commission. Although we believe that these estimates and forward-looking statements are based upon reasonable assumptions, they are subject to several risks and uncertainties and are made based on information currently available to us. EPAM undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise, except as may be required under applicable securities law. i Solum, A. (2022, April 18). Hong Kong zero-COVID policies create mountains of plastic waste. Reuters. Retrieved January 25, 2023, from https://www.reuters.com/world/asia-pacific/hong-kong-zero-covid-policies-create-mountains-plastic-waste-2022-04-19/
BALI, Indonesia, March 16, 2023 /PRNewswire/ -- Plastic Bank Indonesia celebrates its collection communities, branch owners, partners and employees for stopping 40 million kilograms of plastic from entering the ocean. This amount is equivalent to 2 billion single-use 500ml PET bottles. Collected plastic is given a new life through recycling and re-integration into products and packaging. Plastic Bank Indonesia and its 13,500 collection members have collected over 40 kgs of plastic for recycling. Since 2019, Plastic Bank Indonesia gathers Ocean Stewards to stop ocean plastic and alleviate poverty by using plastic waste as currency. The social enterprise enables ethical plastic collection in communities within 50 kilometers of coastlines and waterways. Collection community members exchange plastic waste at collection branches for cash and life-improving benefits, including health, work and life insurance, digital connectivity, social and fintech services. Exchanges are recorded through the PlasticBank® app, powered by Alchemy™, our blockchain-secured platform that enables traceable collection, secures income, and verifies reporting. Collected material is processed into Social Plastic® feedstock for reuse in products and packaging. "Indonesia is one of the world's top ocean plastic polluters with 3.7 million informal waste workers living in poverty. The 2 billion bottle collection milestone is an evidence of our commitment to support the government's target of reducing ocean plastic by 75% by 2025. However, we still have a long way to go in turning off the tap of plastic pollution," said Frederick Ramadhani Saman, the Country Manager of Plastic Bank Indonesia. "We invite everyone to socialize recycling for a world without ocean plastic, starting with mindfulness of our consumption habits." Plastic Bank's global and local partners, including SC Johnson, Plastic Reborn with the Coca-Cola Foundation Indonesia & Ancora Foundation, HelloFresh, Natreve, ScanCom International, TWE Group, Advansa, CooperVision, Green Chef, ESTA Corporations, and Bank Aladin Syariah, have helped enable plastic collection and empowered recycling communities in Indonesia. About Plastic BankPlastic Bank empowers Ocean Stewards to stop ocean plastic. Our ethical collection communities exchange plastic for life-improving benefits. Exchanges are secured through a blockchain platform that enables traceable collection, secures income, and verifies reporting. The collected material is processed into Social Plastic feedstock for reuse in products and packaging. PlasticBank®, Social Plastic®, and Alchemy™ are trademarks of The Plastic Bank Recycling Corporation. Begin Social Recycling at plasticbank.com.
Signed a $100 million asset purchase agreement with Shuye of China; secured the world's first mass production system for recycled raw materials and PET The abundant supply of recycled plastic raw materials enables SK chemicals to have the highest level of price competitiveness SEONGNAM, South Korea, March 16, 2023 /PRNewswire/ -- SK chemicals accelerates its entry into the global market and business expansion with the world's first chemically recycled BHET (r-BHET) of 70,000MT and chemically recycled PET (CR-PET) of 50,000MT production systems. SK chemicals announced on the 6th that it held a board of directors meeting and signed an asset transfer agreement related to the chemically recycled BHET and chemically recycled PET business division of Shuye, a Chinese company specializing in green materials. The acquisition price for this deal is approximately $100 million. SK chemicals' acquisition of Shuye's assets includes a depolymerization plant that chemically decomposes waste plastics to produce recycled BHET and a CR-PET production facility that uses the r-BHET produced here to make PET again, which can be sold separately. As a result, SK chemicals has secured the world's first commercially available polyester chemically recycled raw materials and production facility, which can be sold separately. Through the acquisition of Shuye's assets, SK chemicals has obtained a commercial production system for chemically recycled BHET and products that utilize depolymerization technology about 1-2 years ahead of other domestic companies. By producing recycled plastic raw materials such as waste PET in China, where there is abundant supply, SK chemicals is expected to gain a high level of price competitiveness. Through this investment, SK chemicals has completed a recycled plastic value chain that extends to chemically recycled BHET, chemically recycled PET, and chemically recycled copolyester (CR-Copolyester), securing the sustainability of copolyester, which is its core business, and laying the groundwork for new growth. SK chemicals' strategy is to supply chemically recycled PET to the domestic and foreign food and beverage bottle markets, as well as the food packaging market. In addition, the company plans to enter high-value-added markets, such as industrial specialty fibers, where the use of physically recycled PET is difficult, and take the lead in the global $7.6 billion market. The company also plans to sell the chemically recycled BHET as a standalone product to polyester manufacturers who want to produce recycled products.
A12 藝術空間
Conservation/Recycling
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