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First in the Asia Pacific market to seek a holistic value chain solution for circular plastic. 200KTA of plastic waste will be processed through both advanced and mechanical recycling by 2030. Partnership expands 37-year long successful JV in Thailand to enable circular solutions in the region. MIDLAND, Mich., May 16, 2024 /PRNewswire/ -- Dow (NYSE: DOW) and SCG Chemicals or SCGC, today announced the signing of a first-of-its kind memorandum of understanding (MOU) circularity partnership in the Asia Pacific region to transform 200KTA of plastic waste into circular products by 2030. The partners intend to accelerate technology development in the value chain to enable recycling through both mechanical recycling (MR) and advanced recycling (AR) and convert a broader range of plastic waste into high-value applications. The initial phases are expected to include establishing a value growth partnership for post-consumer recycled materials (PCR) with current suppliers, and developing technology solutions in waste sorting, MR and AR in Thailand. The phases aim to build a robust materials ecosystem in South-east Asia. This ecosystem will ultimately enable better plastic waste collection, recycling and management, and accelerate plastic circularity. The parties anticipate that subsequent phases of the partnership will include sourcing of plastic waste feedstocks in South-east Asia including potential expansion into other parts of the regions including Mainland China, Korea, Japan, Taiwan, Australia, and New Zealand. "Asia has one of the largest sources of convertible plastic waste. We want to disrupt how the region currently handles waste and structure a new model that values, sources, and transforms plastic waste. Our partnership with SCGC will enable both companies to be key players in enabling greater circularity in the region by leveraging our complementary portfolio, research and development capabilities, and technology licensing," said Bambang Candra, APAC commercial vice president, Packaging & Specialty Plastics, Dow. "Combined with our existing technical expertise in producing high-performance resins, our customers will also find value in the optimization of total cost in use, availability and quality of plastic waste across the materials ecosystem." "This collaboration between SCGC and Dow marks a significant milestone where two leading organizations in sustainable plastics will join forces to drive and elevate the circular plastic ecosystem in the Asia Pacific region efficiently throughout the value chain," said Sakchai Patiparnpreechavud, chief executive officer and president of SCGC. "SCGC is ready to leverage its expertise in green polymer and compound technology to enhance the performance of plastic resins. This initiative aims to restore the value to used plastics according to circular economy principles through mechanical recycling and advanced recycling processes while maintaining properties that satisfy customers' needs. This will enhance business potential and support the growing demand for high-quality PCR in the global market, from packaging to electrical appliances, reflecting SCGC's Low Waste, Low Carbon approach concretely." "Dow Thailand is proud to begin a new chapter in our 57-year journey in the country with a groundbreaking circular economy partnership alongside our trusted partner, SCGC. Our 37 years of shared commitment to excellence and sustainability make SCGC the ideal partner to explore the new joint business opportunities, and together, we aim to further enhance the value we deliver to our customers and contribute to a sustainable future for the region," added Chatchai Luanpolcharoenchai, Dow Thailand president. The partnership supports Dow's "Transform the Waste" target which aims to transform plastic waste and other forms of alternative feedstock to commercialize 3 million metric tons of circular and renewable solutions annually by 2030. The partnership also addresses SCGC's sustainability goals under the "Low Waste, Low Carbon" initiative, striving for carbon neutrality by 2050. SCGC is also reducing greenhouse gas emissions by 20% and expanding its production capacity for its green polymer portfolio with a sales target of 1 million tons per year by 2030. About Dow Thailand Group Dow started its business in Thailand in 1967, then expanded through a joint venture with SCG in 1987 (in 2022, SCG Chemicals rebranded to SCGC). At present, Dow Thailand Group consists of Dow's wholly owned subsidiaries and SCGC-DOW joint ventures. In addition, there is also a Solvay and Dow joint venture in Thailand. Dow Thailand Group is the largest manufacturing base for Dow in the Asia Pacific, with many manufacturing facilities in Rayong province. Its strategic markets in Thailand are packaging, building and infrastructure, and mobility industries. More information could be found at https://th.dow.com/en-us or the Thai Facebook www.facebook.com/DowThailandGroup/ About Dow Dow (NYSE: DOW) is one of the world's leading materials science companies, serving customers in high-growth markets such as packaging, infrastructure, mobility and consumer applications. Our global breadth, asset integration and scale, focused innovation, leading business positions and commitment to sustainability enable us to achieve profitable growth and help deliver a sustainable future. We operate manufacturing sites in 31 countries and employ approximately 35,900 people. Dow delivered sales of approximately $45 billion in 2023. References to Dow or the Company mean Dow Inc. and its subsidiaries. Learn more about us and our ambition to be the most innovative, customer-centric, inclusive and sustainable materials science company in the world by visiting www.dow.com. About SCGC SCG Chemicals or SCGC is a leading integrated chemical player in ASEAN with strategic bases in Vietnam, Indonesia, and Thailand, offering a full range of petrochemical products ranging from upstream production of olefins to downstream production of 3 main plastics resins: polyethylene, polypropylene, and polyvinyl chloride. SCGC focuses on inventing "Innovation That's Real" to drive the ASEAN economy and elevate the quality of life in accordance with ESG and circular economy. SCGC develops technology and innovation toward HVAs in infrastructure, consumable packaging, automotive, health and well-being, and energy solutions, while ensuring sustainable environmental stewardship. Bambang Candra, APAC commercial vice president, Packaging & Specialty Plastics, Dow at MOU signing. Senior Leaders witness signing of a first-of-its kind circularity partnership in the Asia Pacific region to create an effective platform for plastic recycling. From left to right from SCGC: Chatri Eamsobhana, chief commercial officer; Suracha Udomsak, chief innovation officer; Mongkol Hengrojanasophon, chief operations officer; Sakchai Patiparnpreechavud, chief executive officer and president; Tanawong Areeratchakul, advisor to the President & CEO, SCG. From left to right from Dow: Chatchai Luanpolcharoenchai, Thailand president; Bambang Candra, APAC commercial vice president, Packaging & Specialty Plastics; Ekkasit Lakkananithiphan, senior regional commercial director, Thailand; Kodak Xiao, senior business sustainability director, P&SP APAC; Libby Tavares, associate R&D/TS&D director
STOCKHOLM, May 16, 2024 /PRNewswire/ -- Stockholm Exergi has announced that it has signed a contract with Microsoft covering 3.33 million tonnes of permanent carbon removals from bio-energy with carbon capture and storage (BECCS) at Värtan, Stockholm. The agreement represents the world's largest permanent removals deal to date. The deliveries of the carbon removal certificates to Microsoft are planned to start in 2028 and continue for a period of ten years. Illustration Stockholm Exergi BECCS "The agreement with Microsoft is a huge step forward for our BECCS project, Stockholm Exergi as a company and the climate. It is the strongest possible recognition of the significance, quality and sustainability of our project and takes us an important step closer to a final investment decision in Q4 2024. I believe the agreement will inspire corporations with ambitious climate objectives, and we target to announce more deals with other pioneering companies over the coming months," says Anders Egelrud, CEO of Stockholm Exergi. The contract represents a milestone for climate change mitigation. While emissions reductions remain an over-all priority, there is today consensus that global warming cannot be limited to 1.5 °C or well-below 2 °C without permanent carbon removals. By demonstrating commitment to ambitious, voluntary corporate climate objectives, Microsoft and Stockholm Exergi hope to contribute to the much-needed growth of the industry, to allow corporates to meet their net-zero targets and nations to meet the objectives of the Paris Agreement. Building on this announcement, Stockholm Exergi intends to seek complementary state aid and additional private carbon removal deals, both of which are necessary to reach financial close. Since 2020, Microsoft has pursued the goal of being carbon negative by 2030, with a reductions first strategy, complemented by building a portfolio of carbon removal offtake agreements. It has publicly set out its criteria for high-quality removals, pursued financeable offtake agreements, communicated lessons learned, and reported its progress annually. "We are extremely proud to announce this carbon removal offtake with Stockholm Exergi from its pioneering Värtan BECCS project. Leveraging existing biomass power plants is a crucial first step to building worldwide carbon removal capacity. In this case, we are pleased with the efficiency of recovering heat from carbon capture and adding it into district heating networks. Finally, it is crucial to sustainably source the biomass for BECCS projects and we were impressed with Stockholm Exergi's commitment in this regard," said Brian Marrs, Senior Director, Energy & Carbon Removal. As confirmed in the agreement with Microsoft, Stockholm Exergi will deliver carbon removals following strict quality requirements. This includes criteria for sustainable sourcing of forest biomass developed together with Microsoft, conservative quantification of net removals and comprehensive monitoring, reporting and verification (MRV). In line with the policy of the Swedish government, the carbon removals exchanged in this agreement will be used by Microsoft to negate its own emissions and will be transparently reported as fitting under Sweden's climate targets, similarly to how corporate emission reductions contribute to national climate targets. About the BECCS-facility When in operation, Stockholm Exergi's plant will permanently remove up to 800,000 tonnes of CO₂ from the atmosphere per year. The environmental permit for the project at the Stockholm site was obtained on March 28th this year. The construction of the carbon capture unit, liquefaction and intermediate storage is planned to start 2025 and will be an addition to Stockholm Exergi's existing biomass-based combined and heat power plant in Stockholm, in operation since 2016. The biomass feedstock for the project will continue to be safeguarded to ensure sustainable management of forests, protection of sensitive areas, stable carbon stocks, and to ensure that feedstock is not sourced from roundwood that would otherwise be used for long-lived wood products. Permanent geological storage will take place in the Nordic region. The permanent carbon removals are contingent on Stockholm Exergi's final investment decision, planned for Q4 this year. To reach final investment decision, Stockholm Exergi targets to successfully participate in the Swedish aid program for BECCS, expected to be concluded before the end of the year, as well as closing other agreements on the voluntary carbon market. The funding of the project also relies on already awarded means from the EU Innovation Fund. Notwithstanding government aid and the EU funds, additional revenues from selling carbon removal units on the voluntary market are required for the project to reach financial close. This business model, which will combine the agreement with Microsoft (and other private buyers) with EU funding and state aid, is a strong validation of how public-private co-funding can maximize the quantity of permanent removals and removal projects that can be realized within a nation's budget for climate action. About Stockholm Exergi As Sweden's leading district heating company with a €700 million in turn-over, Stockholm Exergi pioneers sustainable and circular heating, electricity and cooling solutions in Stockholm, Sweden. With a history of launching innovative solutions ranging from heat-recovery from data centers, advanced waste sorting to intelligent energy management, Stockholm Exergi is now working to become the largest supplier of permanent carbon removals within the European Union. Stockholm Exergi is owned by the City of Stockholm and a consortium of leading European pension funds (APG, Alecta, PGGM, Keva and AXA). Contact Daniel LöfstedtPress Manager Stockholm Exergidaniel.lofstedt@partners.stockholmexergi.sePhone press service: 0046 20-30 20 40 Photo - https://mma.prnasia.com/media2/2411111/Stockholm_Exergi_AB.jpg?p=medium600Logo - https://mma.prnasia.com/media2/2411112/Stockholm_Exergi_AB_Logo.jpg?p=medium600
KUALA LUMPUR, Malaysia, May 15, 2024 /PRNewswire/ -- Aligned with its long-term commitment to drive the national transition towards a low-carbon economy, Hong Leong Bank ("HLB" or the "Bank") is looking to co-create innovative business solutions with visionary sustainability changemakers, with the goal of revitalizing and contributing towards the circular economy. Through its HLB LaunchPad program, which is now back for its 6th edition, the Bank is inviting impact organizations and startups to pitch their out-of-the-box ideas focused on the circular economy, while providing them with the opportunity to be further developed in collaboration with HLB. Hong Leong Bank invites sustainability changemakers, entrepreneurs and startups to pitch innovative ideas on the circular economy at its 6th HLB LaunchPad program Alongside the country's increased focus on circular economy initiatives, HLB has embraced the theme "Circular Economy Solutions for a More Sustainable Tomorrow" for this year's HLB LaunchPad program. The circular economy is an economic system that reduces waste and maximizes resources by reusing, recycling, and regenerating materials and products, with the goal of retaining materials at their peak usability at all times while minimizing environmental effect. Based on this, there are three challenge statements that organizations can choose to tackle – namely 'Enhancing Green Building & Sustainable Infrastructure Solutions', 'Reimagining How Goods are Produced for SMEs', and 'Exploring Innovative Solutions in Waste Management'. Kevin Lam, Group Managing Director and CEO of HLB commented on the Bank's long-standing commitment to marrying environmental sustainability with economic viability. "As a financial institution with a deep-rooted entrepreneurial heritage, we are constantly committed to future-proofing our businesses by ensuring that our operations are both economically competitive and climate resilient. This extends to us implementing various sustainability-focused practices and initiatives in our internal and external proceedings, from reducing our operational carbon emissions by 21% since FY2019, to providing green financing to businesses and introducing an ESG Assessment Framework for our business banking customers. Our constant dedication to helping businesses achieve carbon-neutrality culminates in our commitment to reinforcing the circular economy, ensuring that sustainable businesses receive the support and guidance needed to integrate them into the wider ecosystem. Through programs like HLB LaunchPad, we hope to unearth new ideas and initiatives which can drive the sustainability agenda even further, embedding low-carbon businesses into the national economic landscape." Over the years, HLB has consistently supported businesses in adopting environmentally-conscious practices in their operations. A prime example of this is the Bank providing guidance and support to sustainability-focused social enterprises such as Refiller Mobile and Green Hero through HLB Jumpstart. This is where the Bank provides support such as advisory, marketing expertise, and data analysis services to social enterprises, enabling them to be economically-resilient and grow their businesses. HLB has also organized several Sustainability Roundtables in collaboration with the Small and Medium Enterprises Association (SAMENTA), equipping its SME customers and partners with industry-level insights and guidance on integrating ESG considerations into their operations. Alice Goh, HLB's Head of Payments, Partnerships and Fintech Ecosystems shared that the Bank's emphasis on the circular economy aligns with the Bank's commitment to impactful sustainability action, in its pursuit of being Here for the Long Term. "The circular economy is the fastest-growing sustainability policy globally, as it presents a powerful solution to the way we consume, use, and manage resources. Our current economic model, often referred to as the "take-make-dispose" system, is fundamentally unsustainable. This linear approach is leading to a concerning depletion of resources and increased waste generation, which the impact on our planet is undeniable. At HLB, we are firmly committed to building a more sustainable future, and we hope to empower entrepreneurs and startups to develop solutions that address the limitations of the linear system, so we can create a more responsible and resilient future for generations to come." Businesses participating in HLB LaunchPad will have the opportunity to be mentored by the Bank's top executives and senior management, alongside esteemed industry leaders from the startup ecosystem, including MDEC, MBAN and Cradle/MyStartup. The top three winners will stand a chance to win cash prizes worth RM50,000 in total, get access to funding through the BNM High Tech and Green Facility and the exciting chance to pilot their solutions with HLB. Sustainability changemakers, entrepreneurs and startups are encouraged to submit their applications for the HLB LaunchPad 2024 before 20 May 2024. This unique opportunity allows startups to gain invaluable experience, refine their solutions, and potentially forge a long-term partnership with HLB for commercialization. To apply and learn more about HLB LaunchPad 2024, please visit https://www.hlb.com.my/en/business-banking/hlblaunchpad.html.
Features Recycled Manufacturing Scraps for Resin Bezel and Band TOKYO, May 15, 2024 /PRNewswire/ -- Casio Computer Co., Ltd. announced today the release of the latest addition to the G-SHOCK family of shock-resistant watches. The new G-5600SRF is designed in collaboration with the Surfrider Foundation, a group committed to protecting our oceans. G-5600SRF Founded in California in 1984, the Surfrider Foundation is now an international environmental non-government organization with some 250,000 supporters active in 23 countries around the world. Sharing the foundation's doctrine of protecting the oceans we love and leaving beautiful seas for the future and recognizing that G-SHOCK is a brand loved by surfers, Casio collaborated with Surfrider Foundation on a total of seven models between 1995 and 2010. Artwork designed by Yusuke Hanai This eighth collaboration, the G-5600SRF, is a shock-resistant watch featuring a bezel and band made with recycled resin scraps recovered from Casio manufacturing facilities. The scrap resin is finely shredded, mixed into a base urethane material, and then molded into the necessary components. The result is a fun, unique design created by the black and white flakes of this added material. The Surfrider Foundation logo is featured on the dial and case back, while the hashtag #oceanfriendlylifestyle is printed on the band loop. These design features serve as reminders to live in a way that protects our oceans. The watch delivers practical utility, as well, with a Tough Solar charging system that generates power from sun and fluorescent lamplight, eliminating the need to regularly replace the battery. All of this, as well as paper packaging made with recycled paper, comes together in a special timepiece worthy of a G-SHOCK-Surfrider Foundation collaboration.
HP's strategic collaborations, seamless approach to a circular economy, and close relationships support recycling and position it as a preferred partner and vendor within the electronics industry. SAN ANTONIO, May 14, 2024 /PRNewswire/ -- Recently Frost & Sullivan assessed the electrical and electronics equipment (EEE) circular economy industry, and based on its findings, recognizes HP with the 2024 North American Company of the Year Award. The company creates innovative products through a rigorous design process that focuses on improving the environmental performance of its products throughout its lifecycles. The company developed and refined these processes over 30 years, perfecting its approach. Its Design for the Environment program, Design for Sustainability, employs a science-based method to boost recycled material use and responsible chemistry to improve product repairability, reusability, and recyclability. HP HP offers optimization, renewal, and maintenance services that prolong the life of its products, enhance the value acquired from natural resources, and reduce environmental impact. Its IT Asset Disposition service provides commercial customers with secure and easy-to-use device collection and data sanitization services that enable responsible repurposing or recycling of technology. Additionally, HP provides various custom and free recycling programs for used equipment, including a convenient HP and Samsung ink and toner cartridge recycling program located in 67 countries worldwide. The HP Planet Partners program repurposes and recycles the company's end-of-life products, including batteries, packaging, and home office equipment. This effort has resulted in more than 5.8 billion plastic bottles and 149 million plastic hangers recycled to produce new Original HP Ink and Toner cartridges. Paulina Blaszczyk, Industry Analyst, Sustainability and Circular Economy, Frost & Sullivan, observed, "HP estimates and improves its products' environmental impact using life cycle and carbon footprinting assessment. The company considers published lists, customer preferences, regulations, and scientific analyses to avoid harmful materials. As a result, it sources recycled and renewable materials for products and packaging, aiming to eliminate 75% of single-use plastic by 2025." HP also runs recycling plants in the United States and Germany to shred and sort inkjet cartridges for material recovery. Unrecyclable materials, such as foam and ink, fuel electricity in waste-to-energy incinerators, with metals sold on the scrap metal market. With this sustainability focus, HP remains at the forefront of the EEE circular economy industry. HP is renowned for its commitment to sustainability and a circular economy through sustainable product design for reuse and recycling, closed-loop take-back programs across various regions, and the incorporation of recycled plastics from different sources, cementing its leadership in the EEE circular economy industry. "Overall, HP addresses environmental challenges with a strong leadership focus that incorporates customer-centric strategies and exemplifies best practice implementation. It helps worldwide customers decrease electronic waste and harmful emissions, and remains a trusted partner, earning a reputation for offering the overall best in the electrical and electronics equipment circular economy industry," added Paulina. HP earns Frost & Sullivan's 2024 North America Company of the Year Award for its strong overall performance in the EEE circular economy industry. Each year, Frost & Sullivan presents a Company of the Year award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration. Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry. About Frost & SullivanFor six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact:Lindsey WhitakerP: 1.210.477.8457E:Lindsey.Whitaker@frost.com About HP HP Inc. is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: hp.com.
SHANGHAI, May 10, 2024 /PRNewswire/ -- As a leading global crop nutrition company founded in Norway in 1905, Yara is playing an active role to support agriculture development in China and share our crop nutrition knowledge with agrifood stakeholders here since we opened our first China office in 1972. Aligned with our ambition of "Growing a Nature-Positive Food Future," Yara China has launched its "In China for China" strategy, providing a clear roadmap for us to support the food value chain sustainability, agricultural green transformation, and farmer prosperity of China. Svein Tore Holsether, CEO of Yara International, recently concluded a visit to China aimed at reinforcing this commitment and fostering further collaboration in the sustainability and green transformation of the food value chain with Chinese partners. Svein Tore Holsether, CEO of Yara International China, a major fertilizer consumer and a global leader in renewable energy and green technologies, plays a crucial role in achieving a nature-positive food future, as emphasized by Mr. Holsether during his visit. Yara's bond with China spans over a century, marked by more than 120 years of presence and 52 years of active operations. This legacy is underscored by our network of 3 offices, 1 digital hub, and 1 production site in China. Yara CEO's Green Visit in China To realize this vision, Yara integrates its expertise in low-carbon fertilizer technology and products, digital solutions, and knowledge of crop nutrition and soil health into China's agricultural decarbonization and green transformation efforts. In line with this commitment, we opened our first fertilizer plant in Anhui, established the China Digital Hub in Shanghai, and prioritized China as the first batch of markets for launching YaraAmplix Bio-stimulant products. Further initiatives are underway. In this journey, private and public cooperation is crucial. Mr. Holsether met senior officials from Ministry of Agriculture and Rural Affairs and the China Council for the Promotion of International Trade to see how Yara contributes and supports China agriculture green and low-carbon transition. Mr. Holsether witnessed the signing ceremony of Memorandum of Understanding with GDTH to enhance cooperation in digital agriculture and sustainability. He dived the discussions with other value chain partners including Syngenta China and HDL to jointly promote agrifood green transformation in China. Yara CEO's Green Visit in China Additionally, he visited an Agro-Services Paddy Farm, exchanging insights with farmers about the benefits of professional agricultural services and technology implementation in increasing their crop yield, quality, and income. Yara is looking forward to contributing to this emerging agriculture model in China. With 2024 marking the 70th anniversary of the establishment of the diplomatic relations between China and Norway, Yara, as a Norwagien company, plans to deepen collaborations across public and private sectors in China, contributing to high-quality development in Chinese agriculture and the economy. About Yara International ASA Yara's mission is to responsibly feed the world and protect the planet. We pursue a strategy of sustainable value growth through reducing emissions from crop nutrition production and developing low-emission energy solutions. Yara's ambition is focused on growing a nature-positive food future that creates value for our customers, shareholders and society at large and delivers a more sustainable food value chain. To drive the green shift in fertilizer production, shipping, and other energy intensive industries, Yara will produce ammonia with significantly lower emissions. We provide digital tools for precision farming and work closely with partners at all levels of the food value chain to share knowledge and promote more efficient and sustainable solutions. Founded in 1905 to solve the emerging famine in Europe, Yara has established a unique position as the industry's only global crop nutrition company. With 18,000 employees and operations in more than 60 countries, sustainability is an integral part of our business model. About Yara Africa & Asia (YAA) With its headquarters in Singapore, Yara Africa & Asia (YAA) is one of Yara's three regional geographic operating units. YAA and its team of 2,000 employees support an extensive and diverse region of 22 market economies, including China. YAA works closely with in-country, regional, and global stakeholders – including policymakers, commercial and smallholder farmers, retailers and channel partners, and NGOs to identify how the company can best support priorities around food security, farmer livelihoods, sustainability, and circular economy across the food value chain. With global production capacity and product innovation, digital technology across five digital farming hubs – three of which are in Africa and Asia (Singapore, Shanghai, and Bangalore) – Yara Africa & Asia is supporting millions of farmers to grow our food sustainably. About Yara China Yara is celebrating its 52nd anniversary in China this year, having opened its first office in Hong Kong in 1972, and a second office in Guangzhou in 1993. To better serve the needs of Chinese farmers and the nutrition of the Chinese people, Yara established its China regional headquarters in Shanghai in 2010 and established a regional data farming and innovation center in Shanghai in 2021. This is only one of four such regional digital hubs for Yara globally.
A12 藝術空間
Conservation/Recycling
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