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VANCOUVER, BC, July 7, 2023 /PRNewswire/ -- Seaspan Corporation ("Seaspan"), a global leader in containership ownership and management, in collaboration with Hapag-Lloyd, one of the leading global liner shipping companies, has entered into a Conversion Commitment Agreement with MAN Energy Solutions. Under the terms of the Agreement, MAN PrimeServ, MAN Energy Solutions' after-sales division, will deliver 15 engine retrofit solutions for conversion of vessels powered by conventional S90 engines from the Seaspan and Hapag-Lloyd fleets to dual-fuel engines capable of running on methanol. This Agreement includes 45 optional engine retrofit solutions. Each conversion can provide a CO2 reduction of 50,000 –70,000 tonnes each year when operating on green methanol. MAN will build and test a base engine to qualify the methanol conversion technology and kits for the S90 engine, as these engines are no longer in production. Photo from left: Peter Curtis, Executive Advisor, Seaspan; Torsten Pedersen Chief Operating Officer, Seaspan; Thomas Leander, Head of Solutions and Site Manager, Frederikshavn, MAN ES, and; Thomas Juul MD at MAN ES Canada Peter Curtis, Seaspan Executive Advisor, said, "Developing this solution with MAN will enable the marine industry to progress its advances in decarbonization by means of improving performance of in-service conventional vessels. The challenges ahead cannot be met by newbuilding alone. We believe that retrofitting will be a necessary and major component of both our emissions abatement program, and that of the maritime industry. In addition, this solution creates an effective way to extend operational lifetimes of the existing fleet, deliver fuel flexibility, and avoid unnecessary additional newbuilds. "This industry-leading effort between Seaspan, Hapag-Lloyd, and MAN demonstrates the necessity for increased collaboration across many aspects of our industry as we increasingly seek novel and innovative solutions to more complex and difficult challenges than we had in the past. Our forward thinking and collaborative mindset, working with our customers and technology partners for many years, has consistently provided a solid foundation for the continued growth and leadership position of Seaspan," concluded Curtis. Seaspan is the largest global containership lessor, primarily focused on long-term time charters with the world's leading container shipping lines. With an industry-leading newbuild program of 70 vessels, Seaspan will bring its owned fleet to a total of 200 vessels and 1.9mn TEU capacity. With a fleet of 250 modern containerships and a total transport capacity of 1.8 million TEU, Hapag-Lloyd is one of the world's leading liner shipping companies. Hapag-Lloyd aims at operating its vessels in a climate-neutral manner to become net-zero carbon by 2045. Bing Chen, President and Chief Executive Officer, and Torsten Pedersen, Chief Operating Officer, signed the Agreement on behalf of Seaspan Corporation, while Thomas Leander, Head of Solutions and Site Manager, Frederikshavn, Denmark; Jens Seeberg, Head of Retrofits & Upgrades, MAN PrimeServ Denmark; and Brian Østergaard Sørensen, Vice President and Head of R&D, Two-Stroke Business signed on behalf of MAN Energy Solutions. The development of this solution opportunity has been led by Thomas Leander of MAN Energy Solutions, Peter Curtis, Executive Advisor, of Seaspan and Richard von Berlepsch, Managing Director Fleet of Hapag-Lloyd. Cautionary Note Regarding Forward-Looking Statements This release contains certain forward-looking statements (as such term is defined in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events. Statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as "will", "believe", "intend", "plan", "expect", "estimate", "project", "forecast", and similar expressions are forward-looking statements. These forward-looking statements reflect management's current expectations only as of the date of this release. As a result, you are cautioned not to rely on any forward-looking statements. Although these statements are based upon assumptions we believe to be reasonable based upon available information, they are subject to risks and uncertainties. These risks and uncertainties include but are not limited to factors detailed from time to time in our periodic reports and filings with the Securities and Exchange Commission, including Atlas Corp.'s Annual Report on Form 20-F for the year ended December 31, 2022. We expressly disclaim any obligation to update or revise any of these forward-looking statements, whether because of future events, new information, a change in our views or expectations, or otherwise. We make no prediction or statement about the performance of any of our securities.
Lifezone Metals' ordinary shares and warrants expected to begin trading on the NYSE under the ticker symbols "LZM" and "LZMW", respectively, at the opening of trading today Gross proceeds to Lifezone Metals of approximately $86.6 million, including approximately $70.2 million from PIPE investors and approximately $16.4 million of cash held in trust net of redemptions Strong bilateral support for Lifezone Metals from the U.S. and Tanzanian governments, supporting Tanzania's importance as a key emerging supplier of critical minerals NEW YORK, July 6, 2023 /PRNewswire/ -- Lifezone Metals Limited ("Lifezone Metals" or the "Company") (NYSE: LZM), a modern metals company creating value across the battery metals supply chain from resource to metals production and recycling, is pleased to announce that on July 6, 2023, Lifezone Holdings Limited ("LHL") completed the previously announced business combination (the "Business Combination") with GoGreen Investments Corporation ("GoGreen"), formerly a blank check company listed on the New York Stock Exchange ("NYSE"). Lifezone Metals' ordinary shares and warrants are expected to begin trading on the NYSE under the ticker symbols "LZM" and "LZMW", respectively, at the opening of trading today. The Business Combination was implemented through a newly created holding company, Lifezone Metals. Upon completion of the Business Combination, GoGreen merged into a wholly-owned subsidiary of Lifezone Metals, after which GoGreen ceased to exist and the shareholders of GoGreen received shares in Lifezone Metals, and LHL was acquired by Lifezone Metals, after which LHL became an operating wholly-owned subsidiary of Lifezone Metals and the shareholders of LHL received shares in Lifezone Metals. The completion of the Business Combination establishes the first pure-play nickel resource and cleaner technology company listed on the NYSE. The Company received gross proceeds from the transaction of approximately $86.6 million, including approximately $70.2 million in aggregate from a private investment in public equity ("PIPE") and the receipt of approximately $16.4 million of cash from GoGreen's trust account, net of redemptions. These proceeds are in addition to the previously announced investments by BHP Billiton (UK) DDS Limited ("BHP") of $90 million into Kabanga Nickel Limited ("KNL"), the owner of the Kabanga project in North-West Tanzania (the "Kabanga Project"), and of $10 million into Lifezone Limited, both which are subsidiaries of the Company. Keith Liddell, Chairman of Lifezone Metals, said: "Today is a momentous occasion in the corporate evolution of Lifezone Metals and one we are immensely proud of. For nearly 30 years, Lifezone Metals' CTO Dr. Mike Adams and I have been developing and improving our Hydromet Technology as a cleaner, lower cost, and more efficient alternative to smelting in the metals extraction process." Chris Showalter, Chief Executive Officer of Lifezone Metals, continued: "With the electrification of transportation inflecting and the demands to decarbonize our economies broadly intensifying, we believe Lifezone Metals stands to be a critical enabler of ensuring that in the process of attempting to create a greener tomorrow through the replacement of internal combustion engine vehicles with electric vehicles (EVs), the automotive industry isn't offsetting these gains through a significant ramp-up in the toxic emissions derived from smelting in the EV battery supply chain. We are excited to take on our mission to build long-term value for our shareholders in the public markets by delivering on our milestones as we plan to bring our bellwether Kabanga Project to commercialization, and as we plan to deploy our Hydromet Technology to unlock the value of other stranded assets and decarbonize the secondary supply chain." John Dowd, CEO of GoGreen, said: "On behalf of the entire GoGreen team, we congratulate Lifezone Metals on achieving this tremendous milestone. We believe Lifezone Metals' unique winning value proposition is underpinned by an unfolding generational push towards decarbonization – and we believe this foundation is strengthened on its new public platform. We believe the company's Hydromet Technology is a game changer in unlocking value from stranded assets in a cleaner and more responsible way. The Company's high-quality, low-cost nickel sulphide Kabanga Project in Tanzania will showcase the value of this technology, and positions the Company well to be an early provider of critical cleaner metals for automotive OEMs as they progress along their electrification journeys." Lifezone Metals Overview With growth in EVs accelerating, meeting the demands of metals required for EV batteries will require significant growth in the metals supply chain and especially nickel, which is estimated to represent up to 80%[1] of active lithium-ion battery materials. At the same, automakers are increasingly focused on decarbonizing the supply chain, driven by consumer demand and regulatory targets, which includes the upstream environmental footprint of battery materials. Lifezone Metals' flagship Kabanga Project in North-West Tanzania is estimated to be one of the largest and highest quality undeveloped nickel sulphide deposits in the world, and industry estimates suggest that it sits in the first quartile of both the cost and carbon curves[2]. These favourable characteristics are enabled by the Company's proprietary Hydromet processing technology, which is a lower-energy intensity, significantly less carbon intensive, and lower cost alternative to smelting. Smelting, the traditional method of metals extraction, is estimated to contribute up to 7% of global greenhouse gas emissions[3]. For the Kabanga Project, the Hydromet Technology is estimated to reduce carbon dioxide emissions by up to 73%[4][5] compared to traditional smelting and is free of sulfur dioxide. More broadly, the Company's Hydromet Technology can potentially reduce capital and operating costs by up to 79% and 41%, respectively[6]. We believe Lifezone Metals' use of its Hydromet Technology, including via licensing, will be valuable well beyond the Kabanga Project, including for the development of other critical metals deposits and as a cleaner alternative to smelting for the metals recycling industry. Kabanga Project Overview The Kabanga Project is an exploration-stage project. According to the mineral resource estimate[7] the Company has an attributable tonnage portion of approximately 44 million tons at an average in-situ nickel grade of 2.61%, plus 0.35% copper and 0.19% cobalt. Once operational, it is contemplated that the Kabanga mine and its proposed associated hydromet refinery at Kahama will produce refined high-grade nickel, LME Grade A copper cathode, and cobalt. In January 2021, Lifezone Metals' subsidiary, KNL, entered into a framework agreement with the Government of Tanzania setting out, among other things, the arrangement in relation to the conduct of future mining operations for the Kabanga Project. In April 2021, KNL acquired the intellectual property rights and the existing assets to the Kabanga Project, and in October 2021, the Government of Tanzania issued a special mining license ("SML") to KNL's subsidiary. The various previous owners of the Kabanga Project cumulatively conducted drilling of 587 kilometers through 1,404 drillholes and cumulatively spent approximately $293 million on drilling and studies. The Company believes this provides a deep understanding of the potential value of the asset that the Hydromet Technology can unlock in a potentially more economic and environmentally friendly way. With the support of global leading resources company, BHP, including its aggregate investments of $100 million, Lifezone Metals believes it is well on its way to unlocking the world class Kabanga asset. The Company is at present making good progress on early site works, environmental planning, further SML exploration and feasibility studies towards its goal of achieving first ore in 2026. Recent Updates LHL and GoGreen announced their entry into the Business Combination on December 13, 2022. Since then, LHL has made notable progress across various operational, technical and commercial fronts, including: Welcoming United States Vice President Kamala Harris on her visit to Tanzania in March 2023, a key development in the growing strategic relationship between the two nations and a recognition of Tanzania's importance as a key emerging supplier of critical minerals. Commencing an off-take marketing process with respect to the nickel, copper and cobalt from the Kabanga Project. Five drill rigs focusing on resource definition drilling to support the definitive feasibility study mining plan; critical path activities as part of early works including road construction and airstrip and preparing tender packages to the mining commission's approved shortlisted tenderers. Progressing towards resettlement action plan finalisation; Chief Valuer sign-off on compensation schedules; preparing workstreams and resources for implementation. Entering into a non-binding Memorandum of Understanding with a global PGM customer to collaborate on a commercial scale platinum group metal recycling facility using Hydromet Technology. Strengthening the Company's leadership bench through the hiring of Gerick Mouton as Chief Operating Officer and Ingo Hofmaier as Chief Financial Officer. Mr. Mouton has an extensive track record in strategic mining and mineral processing development, while Mr. Hofmaier brings extensive global corporate finance and public company experience in commodities. Advisors RBC Capital Markets acted as exclusive financial adviser to LHL. Cravath, Swaine & Moore LLP served as US legal counsel to LHL and Travers Smith LLP served as UK legal counsel to LHL. Mayer Brown LLP acted as legal counsel to RBC Capital Markets. BTIG, LLC and SCP Resource Finance LP acted as placement agents for the PIPE financing. SCP Resource Finance LP also acted as the financial and capital markets advisor to GoGreen. Latham & Watkins LLP served as counsel to GoGreen. Skadden, Arps, Slate, Meagher & Flom (UK) LLP acted as legal counsel to the placement agents. If you would like to sign up for Lifezone Metals news alerts, please register here. Forward-Looking Statements Certain statements made herein are not historical facts but may be considered "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended (the "Securities Act"), Section 21E of the Securities Exchange Act of 1934, as amended and the "safe harbor" provisions under the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook" or the negatives of these terms or variations of them or similar terminology or expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding future events, the business combination between GoGreen and LHL, the estimated or anticipated future results and benefits of the combined company, future opportunities for the combined company, including the efficacy of Lifezone Metals' hydromet technology and the development of, and processing of mineral resources at, the Kabanga Project, and other statements that are not historical facts. These statements are based on the current expectations of Lifezone Metals' management and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on, by any investor as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of Lifezone Metals. These statements are subject to a number of risks and uncertainties regarding Lifezone Metals' business and the business combination, and actual results may differ materially. These risks and uncertainties include, but are not limited to: general economic, political and business conditions, including but not limited to the economic and operational disruptions and other effects of the COVID-19 pandemic; the outcome of any legal proceedings that may be instituted against the Lifezone Metals in connection with the business combination; failure to realize the anticipated benefits of the business combination, including difficulty in integrating the businesses of LHL and GoGreen; the risks related to the rollout of Lifezone Metals' business, the efficacy of the hydromet technology, and the timing of expected business milestones; Lifezone Metals' development of, and processing of mineral resources at, the Kabanga Project; the effects of competition on Lifezone Metals' business; the ability of the combined company to execute its growth strategy, manage growth profitably and retain its key employees; the ability of Lifezone Metals to obtain or maintain the listing of its securities on a U.S. national securities exchange following the business combination; costs related to the business combination; and other risks that will be detailed from time to time in filings with the U.S. Securities and Exchange Commission (the "SEC"). The foregoing list of risk factors is not exhaustive. There may be additional risks that Lifezone Metals presently does not know or that Lifezone Metals currently believes are immaterial that could also cause actual results to differ from those contained in forward-looking statements. In addition, forward-looking statements provide Lifezone Metals' expectations, plans or forecasts of future events and views as of the date of this communication. Lifezone Metals anticipates that subsequent events and developments will cause Lifezone Metals' assessments to change. However, while Lifezone Metals may elect to update these forward-looking statements in the future, Lifezone Metals specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing Lifezone Metals' assessments as of any date subsequent to the date of this communication. Accordingly, undue reliance should not be placed upon the forward-looking statements. Nothing herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or results of such forward-looking statements will be achieved. Certain statements made herein include references to "clean" or "green" metals, methods of production of such metals, energy or the future in general. Such references relate to environmental benefits such as lower green-house gas ("GHG") emissions and energy consumption involved in the production of metals using the hydromet technology relative to the use of traditional methods of production and the use of metals such as nickel in the batteries used in electric vehicles. While studies by third parties (commissioned by Lifezone Metals) have shown that the hydromet technology, under certain conditions, results in lower GHG emissions and lower consumption of electricity compared to smelting with respect to refining platinum group metals, no active refinery currently licenses Lifezone Metals' hydromet technology. Accordingly, Lifezone Metals' hydromet technology and the resultant metals may not achieve the environmental benefits to the extent Lifezone Metals expects or at all. Any overstatement of the environmental benefits in this regard may have adverse implications for Lifezone Metals and its stakeholders. [1] Nickel Institute, 2022. Percentages relate to mass of active materials in Nickel Manganese Cobalt lithium-Ion batteries. [2] Bespoke Nickel Market Outlook for Lifezone, a product of Wood Mackenzie, August 2022. [3] GHG attributable to total global smelting according to Forbes. [4] Nickel Class 1 downstream processing CO2 eq. emissions baseline from 2020 Nickel Institute LCA. Estimated Kabanga refinery expected emissions from internal Company analysis. [5] Expected reductions are lower for platinum group metals ("PGMs"), as they utilize a more complicated flowsheet and are more energy intensive. For example, a study from EY Cova (an independent South African National Accreditation System accredited energy Measurement and Verification inspection body) found 46% lower emissions utilizing Lifezone Metals' hydromet technology compared to traditional smelting and refining (EY Cova studied PGM metals at the originally proposed 110 ktpa concentrate feed rate refinery at the Sedibelo plant site in South Africa under the then-applicable conditions in 2020 and assuming reagents not manufactured on-site; actual results could differ). Results will vary for specific PGM projects. [6] Internal data from independent study commissioned by Lifezone – SFA (Oxford) Ltd, 2018. Figures presented based on study extracting PGM metals. This example compares a 110 kt/a PGM refining plant which relates to the potential refinery at Pilanesberg Platinum Mine in South Africa which would utilize the Kell process technology and an average South African PGM refinery of the same capacity using conventional pyrometallurgical processes. Operating cost assumption is US$ per 4E OZ; 4E includes platinum, palladium, rhodium and gold. [7] Kabanga 2023 Mineral Resource Technical Report Summary prepared by Raymond Kohlsmith, BSc (Hons.) (Geol) 1980, P.Geo (1044) PGO Canada with an effective date of February 15, 2023.
SHANGHAI, July 6, 2023 /PRNewswire/ -- Coinciding with the International Hydrogen and Fuel Cell Vehicle Congress & Exhibition (FCVC 2023) in Shanghai, Hydrexia Holding Limited ("Hydrexia"), a leading integrated hydrogen technology solution provider, today announced that it has inked a multi-year purchase agreement with Shanghai Pujiang Speciality Gases Co., Ltd. ("Pujiang Gases"), a leading gas production and application provider in China. Under the terms of the purchase agreement, Hydrexia will supply multiple units of its industry-leading magnesium-based solid-state hydrogen storage and transport trailers to Pujiang Gases to meet its business expansion needs. The delivery of Hydrexia's trailers with different specifications is expected to be completed by the end of 2025. In addition, Hydrexia will provide post-sales trailer maintenance service along with real-time trailer data monitoring. "We are excited to have been selected by Pujiang Gases. This agreement not only marks a solid recognition of Hydrexia's innovative products by our customer but also validates our product strategy for hydrogen storage and transport," commented Alex Fang, the chairman and CEO of Hydrexia. "I am confident that our storage and transport products will continue to benefit our customers and drive the adoption of hydrogen technology globally," Fang added. "Glad to have chosen Hydrexia as our long-term supplier. We believe its hydrogen storage and transport products will help enhance our overall operation efficiency with reduced transport cost, increased transport safety, and enhanced ability to reach and serve markets in much farther locations," said Weiwei Liu, chairman of Pujiang Gases. "We are looking forward to growing this vendor relationship with Hydrexia," Liu added. Hydrogen storage and transport technology plays a critical role in driving the development of the hydrogen industry. Hydrexia's unique storage and transport products are continuing to attract global customers. To date, Hydrexia has expanded its business footprint to various global markets including Australia, Singapore, Malaysia, Thailand, Vietnam, and the U.S. With this transaction, Hydrexia believes that it has become the first company to have commercialized its hydrogen storage and transport solution based on magnesium alloy. [About Hydrexia] Hydrexia Holding Limited is a leading integrated hydrogen technology solution provider in China with extensive global reach. The company specializes in providing technology solutions for hydrogen production, storage, distribution, and utilization. Leveraging its solid R&D capabilities and industry-leading technology, Hydrexia aims to effectively address the technology and application needs across global hydrogen industry value chain.
ABU DHABI, UAE, July 6, 2023 /PRNewswire/ -- During the 8th OPEC International Seminar, held in Vienna, under the theme "Towards a Sustainable and Inclusive Energy Transition." Dr. Al Jaber thanked OPEC for playing an essential role in balancing energy markets, promoting global prosperity and advancing the goals of sustainable development. "Dramatically reducing emissions, while maintaining robust sustainable growth, is the critical challenge of this century." Reiterating his call to action at CERA Week in March, the COP President Designate said "The entire industry – IOCs and NOCs – should be aligned to achieve net-zero by 2050 and we need to accelerate an industry-wide commitment to zero out methane emissions by 2030." "The world needs to massively scale-up clean energies by 2030, triple renewable capacity to 11 TW, and double hydrogen production to 180 million tons." "The phase down of fossil fuels is in-evitable. It is in fact essential. But it cannot be irresponsible. "We must manage this transition, ensuring energy security, accessibility and affordability, while also sustaining socio-economic development. The speed of the transition will be driven by how quickly we phase up zero carbon alternatives." COP President Designate called on countries to revise their NDCs saying: "The UAE has recently announced a 54-billion-dollar capital investment program over the next 7 years to triple renewable and clean energy capacity, significantly expand our hydrogen production, and completely phase out coal from our energy mix." "We must leverage the skills, the project management experience, the project finance expertise, and the technological knowhow of all relevant industries, including and in particular the oil and gas industry." "For too long in the recent past, this industry has been viewed as the problem. Take this opportunity to step up, flip the script and show the world once again how this industry is an important part of the solutions we need." "We need to rapidly build a new clean energy system, while comprehensively decarbonizing the system we rely on today." Oil & gas industry should "up its game, urgently decarbonize its operations and take collective action to eliminate operational emissions." Government policies need to stimulate the adoption of clean energies, commercialization of the hydrogen value chain, make carbon capture viable and affordable and incentivize R&D in battery storage, energy efficiencies and other new technologies. COP28 President-Designate, Dr. Sultan Al Jaber, today delivered a speech to the 8th OPEC International Seminar, being held this week in Vienna, in which he urged the oil & gas industry to allocate capital at scale to clean energy solutions. The theme of the seminar – "Towards a Sustainable and Inclusive Energy Transition" – represents "one of the most complex issues we collectively face," the President-Designate told the gathering of energy producers and consumers. "Dramatically reducing emissions, while maintaining robust sustainable growth, is the critical challenge of this century." To meet that challenge, COP28 will need to "leverage the skills, the project management experience, the project finance expertise and the technological knowhow of all relevant industries, including and in particular the oil and gas industry." While the oil & gas industry has long been viewed "as the problem" the sector should "take this opportunity to step up, flip the script and show the world once again how this industry is an important part of the solutions we need," the President-Designate told the audience. "We need to rapidly build a new clean energy system, while comprehensively decarbonizing the system we rely on today," he said. Dr. Al Jaber repeated his call for the oil & gas industry to "up its game, urgently decarbonize its operations and take collective action to eliminate operational emissions," based on three imperatives. These include the entire industry aligning to achieve net zero by 2050, accelerating the industry-wide commitment to zero out methane emissions, and monitoring, measuring and validating progress every step of the way. "Today I would like to add a fourth imperative," Dr. Al Jaber told delegates. "And that is allocating capital at scale to clean energy solutions, because the energy system of the future will not build itself," he stated. "Building a new energy system can only happen at speed and scale with united action on the supply and the demand side together," the President-Designate said. On the supply side, the world needs to massively scale up clean energies by 2030, with renewable energy capacity tripling to 11 terawatts (TW), and hydrogen production doubling to 180 million tons. "The phase down of fossil fuels is in-evitable. It is in fact essential. But it cannot be irresponsible. We must manage this transition, ensuring energy security, accessibility and affordability, while also sustaining socio-economic development. The speed of the transition will be driven by how quickly we phase up zero carbon alternatives." "Policies at the national level must set the direction," the President-Designate said, calling on all nations to update their nationally determined contributions (NDCs) "to accelerate 2030 trajectories in line with net zero by 2050." The UAE has recently submitted a third update to its second NDC that pushes emissions reductions to 40 percent, compared to business as usual – an "almost 10 percent improvement on the previous disclosure," Dr. Al Jaber said. "At the same time, we have announced a $54 billion local program over the next seven years to triple renewable capacity and significantly expand our hydrogen production, while we completely phase out coal from our energy mix." "I urge all countries to update their commitments as aggressively as possible," he told delegates. "Government policies at the national and sub-national level need to stimulate adoption of clean energies, commercialize the hydrogen value chain, make carbon capture viable and affordable, and incentivize R&D in battery storage, energy efficiencies and other new technologies," he said. Applying new technologies at speed and scale will require significantly more capital to be invested, the President-Designate said, pointing out that last year's record $1.5 trillion investment in clean technologies is only a third of the amount required. International financial institutions and multilateral development banks will need "major reform" to unlock concessional finance, lower risk, and attract private finance at a multiple, he said. "Finally, a critical success factor is people. We need capacity building, and skills development to train young people for the jobs of the future," Dr. Al Jaber said. "Because we must deliver climate action at the same time and we must remember that the goal is to hold back emissions, not progress." Notes to Editors: COP28 UAE: COP28 UAE will take place at Expo City Dubai from November 30-December 12, 2023. The Conference is expected to convene over 70,000 participants, including heads of state, government officials, international industry leaders, private sector representatives, academics, experts, youth, and non-state actors. As mandated by the Paris Climate Agreement, COP28 UAE will deliver the first ever Global Stocktake – a comprehensive evaluation of progress against climate goals. The UAE will lead a process for all parties to agree upon a clear roadmap to accelerate progress through a pragmatic global energy transition and a "leave no one behind" approach to inclusive climate action.
YIWU, China, July 6, 2023 /PRNewswire/ -- Trina Solar has announced the certification of its Yiwu manufacturing facility as a Zero Carbon Factory. This is the first factory in the PV industry to be awarded zero carbon status by an independent agency. Trina Solar's Yiwu factory was assessed by TiGroup, a certification body specialising in health, safety, environmental and sustainability inspection and testing. A range of indicators were evaluated on-site, including: Energy and resource utilisations Greenhouse gas reduction implementation Carbon offset implementation Intelligent information management systems for energy and carbon emissions Infrastructure Product design Compliance requirements Management requirements The factory achieved an overall score of 79.68 out of 80 for 2022, and successfully obtained the Zero Carbon Factory (Type 1) Certificate, which is recognised by the China Energy Conservation Association. Trina Solar is also able to reveal that the carbon emissions per unit output of the Yiwu site decreased by 21.77% in 2022 compared to 2021, while the power consumption per unit product decreased by 9.51%. This is thanks to its comprehensive, sustainable supply chain that includes product design, energy management and intelligent system optimisation. Trina Solar's Yiwu factory is a Vertex Super Factory, and the primary manufacturing facility for the production of Trina's Vertex S product line. The Vertex S series of solar panels was designed for rooftops, including residential, commercial and industrial application. Vertex S achieves higher efficiency and power thanks to the use of 210mm silicon wafers and is compatible with mainstream inverters and mounting systems. The module series supports Trina Solar's mission of bringing cleaner, greener energy solutions to everyone. "This certification demonstrates Trina Solar's strong commitment to sustainable development and zero carbon practices across technology, products, and process management. We will continue sustainable manufacturing while discovering innovative ways to further improve and enhance the entire Trina Solar ecosystem to reduce emissions, protect our environment and improve communities across the globe," commented Helena Li, President of Global Solar Product Business Group at Trina Solar. In 2022, Trina Solar was also recognised for its industry-leading low carbon emissions in the manufacturing process of its full range of 210mm Vertex modules. The modules were awarded a Life Cycle Assessment (LCA) certificate by TÜV Rhineland in Germany, becoming the first 210mm modules in the industry to do so.
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