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GUANGZHOU, China, March 23, 2023 /PRNewswire/ -- Infinitus' production facilities in Yingkou have been awarded the provincial-level title of "Green Factory" by the Liaoning Department of Industry and Information Technology. Unveiling Ceremony of Infinitus' Green Factory in Liaoning Province On December 5, 2022, Infinitus held a ceremony to unveil the new factory in Bayuquan, Yingkou's Bayuquan District. Yuan Peng, Standing Committee Member and Deputy Director of Bayuquan District, and Liu Fengsong, Head of Infinitus (Yingkou) Co., Ltd., attended the event. The Green Factory designation marks a key step forward in the construction of Infinitus' green system, a network of production facilities that will serve as a demonstration model for advanced green manufacturing and the promotion of environmentally responsible industrial development. In line with Lee Kum Kee Group's firm commitment to environmental protection and sustainable growth, Infinitus has implemented the concept of green and low-carbon development into all aspects of production, operations and R&D. Grounded in technological innovation, the company has always been dedicated to the rational use of resources in production, to create a virtuous cycle of symbiotic development between the company and the environment. In his speech, Liu Fengsong said that in response to climate change, China has set the goal of achieving CO2 emissions peak by 2030 and carbon neutrality by 2060. In support of the initiative, Infinitus started its greenhouse gas management efforts this year to lay the foundation for the next step in setting carbon goals. Infinitus expects to serve as an example of how to achieve CO2 emission peaking and carbon neutrality and meet the carbon reduction goals by building environmentally responsible factories, and by working with industry players to build a green supply chain. The reasons cited by the government authority for assigning the "Green Factory" designation were the factory's efforts in saving energy and reducing carbon emissions across the board through the renovation of engineering equipment, implementation of lean manufacturing, use of recycled packaging boxes, optimization of electric vehicles, and deployment of clean energy facilities. In 2021, Infinitus reduced greenhouse gas emissions by putting in place a series of energy saving and emission reduction measures such as waste heat recovery and air compressor unit renovation. In order to further achieve the carbon emission reduction target and meaningfully respond to China's carbon peaking and carbon neutrality strategy, Infinitus is systematically planning to build green, waste-free and water-saving factories. With such factories as its long-term goal, Infinitus has already started integrating green development and ESG concepts into its business roadmap, and will continue the green and intelligent upgrading of its manufacturing facilities, in order to meet the goal of carbon peaking and carbon neutrality. The company aims to work together with all stakeholders for a better and more sustainable future with lower carbon emissions.
這筆資金將促進該公司創新的氨發電技術實現商業化 由 SK Innovation 牽頭，其他投資者包括 Temasek、Korea Zinc、Aramco Ventures、AP Ventures、MOL Plus、Yanmar、Zeon Ventures 和 DCVC 紐約州布魯克林2023年3月23日 /美通社/ -- Amogy Inc. 是零排放、高能量密度氨動力解決方案的先驅，今天宣佈獲得 1.39 億美元的 B-1 系列融資。此輪融資由 SK Innovation 牽頭，其他跟投的全球投資者包括 Temasek、Korea Zinc、Aramco Ventures、AP Ventures、MOL PLUS、Yanmar Ventures、Zeon Ventures 和 DCVC。 這筆資金將幫助 Amogy 繼續其組織發展，以支持商業化，開始製造其創新的氨氣發電技術，並在 2024 年將其第一款產品推向市場。 Amogy 首席執行官兼聯合創始人 Seonghoon Woo Amogy 行政總裁 SeonghoonWoo 表示：「我們堅信，我們的技術將改變世界。」「2021 年，美國交通運輸產生的二氧化碳排放量總計為 1.7 BMT， 是所有經濟領域中排放量最多的。 這筆資金將幫助我們踐行實現零排放的使命，為我們開闢一條通往 2050 年淨零排放的道路，使世界更具可持續性。非常感謝投資者參與我們的大膽使命，而我們專注於將我們的技術推向市場。」 Amogy 的高效氨發電技術透過其集成到混合燃料電池系統中的裂解模塊提供液氨，該系統為包括航運在內的零碳運輸的電動機提供動力。 Amogy 計劃 在2023 年底推出其氨動力、零排放拖輪 — 該拖輪比年初在 Amogy 的氨燃料半掛車 上進行現場測試的系統大三倍。拖輪於 2023 年稍後在紐約州北部航行成功後，Amogy 打算在 2024 年以後推出其首個商業產品。 SK Innovation 副董事長兼行政總裁 Jun Kim 表示：「Amogy 的技術代表著氨燃料使用方面的一項重大突破，我們相信它不僅會徹底改變海運業，還會徹底改變整個運輸業。」「我們希望確保 Amogy 擁有實現零排放運輸所需的資源。」 要了解關於 Amogy 的更多資訊以及這筆資金如何幫助該公司實現願景，請觀看 此影片。 關於 Amogy Amogy 提供以氨為燃料、零排放、高能量密度的電力解決方案，以實現交通運輸的脫碳，創造可持續發展的未來。Amogy 由四位有著共同願景的麻省理工學院博士校友於 2020 年創立，旨在實現重型運輸行業的脫碳，加速全球邁向 2050 年淨零排放的進程。該公司的投資者包括 Amazon's Climate Pledge Fund、AP Ventures、SK、Aramco Ventures 和 DCVC。迄今為止，Amogy 的可擴展氨動力零排放能源系統已成功應用在無人機、重型拖拉機和半掛車上。更多資訊請瀏覽： www.amogy.co 媒體查詢： amogy@codewordagency.com
BANGKOK, March 22, 2023 /PRNewswire/ -- Thailand's leading oil and retail operator PTT Oil and Retail Business Plc. (OR) reported sales and service revenue of USD 22.8 billion in 2022, an increase of 54.3% from the previous year, following a strong rebound in domestic tourism and post-pandemic economic recovery. The company has earmarked USD 900 million for investment in 2023 in for both its local and international businesses. PTT Oil and Retail Business (OR) reports over 50% income growth in 2022, allocating $900 million investment for local and international business in 2023 As of 2022, OR operated 2,551 gas stations known as 'PTT Station' across Asia, as well as flagship 'Café Amazon' chain, now the world's sixth largest coffeehouse chain with over 380 million cups of beverage sold each year. Through a unique franchise system, OR has created robust and long-lasting collaborations with international partners for the sustainable expansion of PTT Station and Café Amazon branches in 11 countries globally. OR CEO Disathat Panyarachun said that "The overall sales volume of all our business segments in 2022 were at their rise, resulting in 54.3% increase in sales and service incomes, while maintaining our leading position in the industry, with a market share of 43.2%." The company also made a progressive move in embracing the EV transition in Thailand by rolling out 302 "EV Station PluZ" charging locations, with a total of 548 fast chargers, and collaborated with a wide range of partners to expand the EV Station PluZ network to enable convenient consumers' access and become a leader in the EV Ecosystem. "Looking ahead in 2023, we will focus on synergizing energy and lifestyle businesses to fortify the OR ecosystem through a stronger structure of each business to resonate with the lifestyle of the future, as well as joining forces both within and outside the roof of the PTT Group to achieve sustainable growth together," added Disathat. To drive growth in 2023 in line with the vision of "Empowering All toward Inclusive Growth" to achieve tangible results, OR allocated an investment budget of over USD900 million to expand and bolster the business value chain of the company's mobility and lifestyle business platforms. Approximately 45% of the entire investment budget will be utilized for lifestyle business, which includes F&B industry, by expanding Café Amazon and Texas Chicken branches, as well as acquiring new partners and investments in health & wellness and tourism sectors. 22% of the investment was targeted for the mobility business, with aim to expand the network of PTT Station and EV Station PluZ, as well as forge collaboration in the EV business of the PTT Group, to address all kinds of energy needs and ensure seamless clean energy transition in the transportation sector. The global business is also pivotal to 2023 growth, with 16% of the investment budget allocated to launch new PTT Stations and Café Amazon branches through its overseas affiliates to strengthen its presence in the countries OR has already operated, while also seeking investment opportunities in new potential countries. For the OR innovation segment, the company aimed at seeking new businesses to strengthen and complement the current ones. OR has set out social and environmental criteria to govern its business operations and to create innovations authentically of OR's style so that it can be a role model for modern organizations and sustainably thrive with people and the environment. Approximately 17% of the investment budget will be used to fund the development of innovation and new business models to conform to the shifting global consumer landscape. In 2023, OR planned to launch new 122 gas stations, 400 Café Amazon branches and 500 EV charging stations in Thailand and international markets, as well as seek new M&A and joint venture opportunities with partners across the world. The new PTT Station branches will also come with new unique, modern and community-friendly design, featuring a circular structure that corresponds to the functionality of car circulation while providing consumers with a consistent and fluid experience and atmosphere from the minute they enter to the moment they exit the station. Green construction concept is utilized in the entire development concept to make the service station a truly welcoming and socially responsible lifestyle destination. About OR PTT Oil and Retail Business Public Company Limited (OR) is PTT Group's Flagship in the oil and retail business to bring all stakeholders a balanced and sustainable value while developing the quality of life for the people and economy of the communities where it operates. OR relentlessly improves its products and services to always deliver impressive customer experiences and invigorate SME's growth on oil and retail businesses.
OSLO, Norway, March 21, 2023 /PRNewswire/ -- Ørsted, global offshore wind leader, has appointed Havfram Wind to install turbines at its Hornsea 3 offshore windfarm, starting autumn 2026. Havfram Wind will be utilizing one of its newly built NG20000X Jack-Up Wind Turbine Installation vessels (WTIV) with a 3.250-ton crane. Hornsea 3 will consist of up to 231 offshore wind turbines, located within a 696 square kilometer area, approximately 120 km off the Norfolk coast and 160 km off the Yorkshire coast. With a capacity of 2,852 MW, Hornsea 3 will be capable of producing enough low-cost, clean, renewable electricity to power over 3 million UK homes. Patrick Harnett, Ørsted's Vice President for Execution Programmes, commented: "Delivering an offshore wind farm of the size and scale of Hornsea 3 requires the development of strong, collaborative relationships with our contractor partners and the realisation of new supply chain capacity. We are therefore very excited to sign our first contract with Havfram, bringing a new cutting-edge vessel to the offshore wind market and taking the positive working relationship we have created during the procurement phase into execution. We now look forward to working together even more closely, sharing our combined knowledge and expertise to ensure the safe and high-quality delivery of the project." "The different construction phases of the Hornsea offshore wind development zone all represent record-breaking wind projects. The contribution of Havfram Wind to one of these giant projects proves our growing position in the market and the trust given to us by Ørsted", explained Even Larsen, CEO Havfram Wind. He added: "Ørsted has always had the first-mover position in the market. They have over time proven their excellence in developing, constructing, and operating offshore wind farms. Their goal is to reach 30 GW installed offshore wind capacity by 2030, and we, at Havfram Wind, are proud to be able to contribute to such an ambitious target." Martin Degen, Commercial Director and Vice President of Havfram Wind emphasized the importance of Hornsea 3 for the global offshore wind market: "We are extremely thankful for getting the opportunity to prove our competence with a project like Hornsea 3. We are confident that we have not only the right assets but also the team to fulfil such a large construction job. Hornsea 3 represents an important contribution to the rapidly growing renewable energy capacity in UK, the largest energy market in Europe. Becoming a main installation contractor for this project, is an important milestone for us as a company and of great importance for our growth." About Havfram Wind Havfram Wind is an offshore wind construction company focused on transport and installation services for both bottom-fixed and floating projects in the offshore wind sector. Havfram Wind is a subsidiary of Havfram. About Havfram Havfram is a pure play offshore wind company, providing a wide range of services across the offshore wind value chain. Leveraging our deep offshore wind industry knowledge, together with decades of know-how from the Norwegian energy & marine sectors and essential experience in operating in harsh offshore environments, Havfram offers the highest standards and services to customers worldwide. Havfram operates through two wholly owned subsidiaries: Havfram Wind, which provides offshore wind installation expertise to the global market as an owner and operator of Wind Turbine Installation Vessels (WTIVs); and Kontiki Winds, which focuses on early-stage development of offshore wind farms and electrification of fossil fuel intensive operations using floating offshore wind. Havfram is majority owned by Sandbrook Capital, a leading climate fund led by an experienced team determined to combine consistent financial returns and real climate impact. Together we aim to lead the path towards clean energy. About Ørsted The Ørsted vision is a world that runs entirely on green energy. Ørsted develops, constructs, and operates offshore and onshore wind farms, solar farms, energy storage facilities, renewable hydrogen and green fuels facilities, and bioenergy plants. Ørsted is recognised on the CDP Climate Change A List as a global leader on climate action and was the first energy company in the world to have its science-based net-zero emissions target validated by the Science Based Targets initiative (SBTi). Headquartered in Denmark, Ørsted employs approx. 8,000 people. Ørsted's shares are listed on Nasdaq Copenhagen (Orsted). In 2022, the group's revenue was DKK 132.3 billion (EUR 17.8 billion). CONTACT: HAVFRAM Corinna Thiel Marketing & Communication Manager ■ corinna.thiel@havfram.com ■ Havfram.com The following files are available for download: https://news.cision.com/havfram/i/havfram-ng-20000x-hf---havfram-wind-orsted-hornsea-3-press-release-21-03-2023,c3158384 Havfram NG-20000X-HF - HAVFRAM WIND ØRSTED HORNSEA 3 press release 21 03 2023 https://news.cision.com/havfram/i/ingrid-due-gundersen-group-ceo-havfram,c3158415 Ingrid Due-Gundersen GROUP CEO HAVFRAM https://news.cision.com/havfram/i/even-larsen-ceo-havfram-wind,c3158416 Even Larsen CEO HAVFRAM WIND https://news.cision.com/havfram/i/havfram-wind-ceo-even-larsen-orsted-patrick-harnett-hornsea-3-press-release-21-03-2023,c3158423 HAVFRAM WIND CEO EVEN LARSEN ØRSTED PATRICK HARNETT HORNSEA 3 press release 21 03 2023
Brinc startups to quantify their impact via Rho Impact's tools Rho Impact will provide a workshop on their tools, which can help startups appeal to venture capitalists (VCs) and customers by demonstrating the impact of their technology on fighting climate change HONG KONG, March 21, 2023 /PRNewswire/ -- Brinc, a global venture accelerator committed to creating a more sustainable, equitable and inclusive future; and Rho Impact, an ESG advisory and software company with roots dating back to 2012, have commenced a strategic alliance to help selected Brinc startups quantify their potential climate impact and influence on global emissions levels. Brinc x Rho Impact to help startups quantify emissions reduction potential, aiding appeal to climate tech investors Rho Impact will lead a workshop for Brinc's climate tech and food tech startups covering essentials of impact measurement methodologies. In particular, Rho's team of experts will provide a review of their tool, CRANE (carbon reduction assessment for new enterprises), and support startups on preparing custom technology modules as needed. The European Union's recent regulations around impact assessment represent one example of a growing trend of stricter criteria for impact reporting by VC investors. Despite uncertainties inherent to the process, startups who can clearly identify and quantify their potential for GHG emissions reduction at scale have a storytelling advantage when fundraising. There is an inherent challenge for startups compared to public companies due to assessment being more forward-looking. Nevertheless, it's critical that startups understand how significant their climate impact can be if wildly successful and set appropriate benchmarks as compared to alternatives. Manav Gupta, CEO and Founder of Brinc, said "If a company can properly frame the goals they are working towards, they are more likely to achieve them. Furthermore, successful startups will eventually become public companies subject to clear GHG accounting and reporting standards and need to be able to track their operations internally and validate the output with external auditors. We believe in introducing these guidelines and relevant tools early to set companies and teams on the right track for long-term financial security, and to maximize their carbon reduction potential." Noah Miller, Founder and Head of Advisory Services, at Rho Impact said "Any startup that can quantify the impact they'll have on customer outcomes and society at large will have a competitive advantage in the marketplace, as both investors and customers alike are seeking greater sophistication, granularity, and auditability for both their impact narrative and numbers." Startups involved in Brinc's 12-week Climate Tech accelerator program - which will run for the first time in spring 2023 - will also receive investment of US$150,000, one-on-one tailored support from a global community of mentors, and networking opportunities with potential follow-on investors and corporates. About Brinc Headquartered in Hong Kong, Brinc is a leader in global venture acceleration and operates 13 multidisciplinary accelerator programs across seven countries. Brinc accelerates startups focused on blockchain technology, artificial intelligence, connected hardware, robotics, climate tech, clean energy, food technology, and Internet of Things (IoT) with a view to creating a more sustainable, equitable, and inclusive future. Brinc also supports corporations with investment services, distributed innovation strategies, sourcing of new startups and technologies, as well as venture-building Web3-enabled businesses. Global corporations (Manulife, Huawei, Schneider Electric, Puma, Batelco, Merck, Omantel, Linrun Group, Zhihui Park), government organizations (Hong Kong Science Park, NEOM, MBRIF, Guangdong Soft-tech Park), tertiary institutions (HK City University, National University of Singapore) and leading venture funds (Artesian, LeverVC, Tamkeen, EDB) have all run programs with Brinc. In 2021, Brinc announced a series of venture funds to invest in high-potential early-stage companies through accelerators and provide LPs with a dedicated innovation platform and access to Series A+ co-investment opportunities. Learn more about Brinc About Rho Impact Rho Impact's mission is to empower every organization to make an impact. They deliver software and services to accelerate the adoption and implementation of ESG and Impact programs around the world. With roots dating back to 2012, Rho Impact combines the art and science of ESG and Impact planning, tracking, and reporting through purpose-built tools such as Gemini and CRANEtool.org along with hands-on advisory services. Rho Impact partners with some of the world's leading impact-focused organizations and contributes to a variety of open access tools, frameworks, and non-profits. For more information, please visit www.rhoimpact.com
New report from ETC quantifies the financial need and identifies policies required to unleash investment on the scale required LONDON, March 21, 2023 /PRNewswire/ -- Investments in clean energy must quadruple within the next two decades according to the Energy Transitions Commission (ETC). In its latest report "Financing the Transition: How to make the money flow for a net-zero economy" the ETC highlights the critical importance of strong government policies relating both to the real economy and to the financial system if finance is to flow on the scale required. It also identifies "concessional/grant" payments needed to support early coal phase-out, end deforestation and finance carbon removals. New Energy Transitions Commission Report, Financing the Transition Around $3.5 trillion a year of capital investment will be needed on average between now and 2050 to build a net-zero global economy, up from $1 trillion per annum today. Of this, 70% is required for low-carbon power generation, transmission, and distribution, which underpins decarbonisation in almost all sectors of the economy. Well-designed real-economy policies must create strong incentives for private investment in the energy transition. Examples include setting ambitious targets for renewable generation by 2030, carbon prices and product regulation to drive decarbonisation in heavy industry, aviation and shipping, and specified date bans on the sales of internal combustion engines (e.g., by 2035 at the latest). Other key actions include various forms of financial regulation, targeted fiscal support for the development and initial deployment of new technologies, and net-zero commitments from financial institutions. Conceptually separate from investment finance (which will deliver positive economic returns), "concessionary/grant" finance will be required to help cover the economic costs of early coal phase-out, to offset the incentives to deforest, and to fund carbon dioxide removals. "Adequate flows of finance are the key to delivering a net-zero future and limiting the impact of climate change. Private investment, government and philanthropic money are needed to deliver the large-scale funding and international financial flows to ensure we move from targets to action and deliver a low-carbon global economy", Adair Turner, Chair, Energy Transitions Commission. Accelerated investment but balanced by savings Part of the investment needed will be offset by reduced investment in fossil fuels, cutting the $3.5 trillion per annum requirement to a net $3 trillion. This is equivalent to 1.3% of the likely average annual global GDP over the next 30 years. These investments will also create a lower operating cost energy system than today which could realise savings of $2-3 trillion a year by 2050 and continue thereafter, depending on how fossil fuel prices evolve. In middle- and low-income countries, much of the investment would be required to support economic growth even in the absence of a climate change challenge. The true incremental cost of the required investment is therefore far below the gross investment need. But the scale of capital mobilisation and reallocation required will not occur without strong real economy policies in all economies and actions to address financial sector challenges in middle- and low-income countries. The energy transition is capital intensive, pointing to a peak in investments around 2040 as we build the energy system of the future, before falling to a lower asset replacement rate thereafter. Global investment – incentives to invest despite the challenges There is enough capital globally to finance the energy transition. Although there are some short-term challenges to investment in the transition (e.g., high interest rates), renewables are cheaper than new fossil fuels in over 95% of global electricity markets and there is now an impetus to invest in energy security and efficiency savings. The scale-up of investment required differs by country income group. In high-income economies and China, annual investments to build a net-zero economy will need to reach roughly double today's levels by 2030. In middle- and low-income countries, a four-fold increase is required by 2030. In all countries, the vast majority of finance will come from private financial institutions and markets if well-designed real economy policies are in place. Yet even in high-income economies, public financial institutions should play a role in financing specific types of investment, such as first-of-a-kind technology deployments, shared infrastructure (e.g., hydrogen and CCUS transport and distribution networks), and residential buildings retrofits. In some middle- and low-income countries, private financial flows alone cannot ensure adequate investment given the challenges created by high actual or perceived macroeconomic risks, inadequate domestic savings and other factors which increase the cost and reduce the supply of private finance. A significant increase in international financial flows to some lower-income economies is therefore required. As the Songwe-Stern report argued, this requires a major increase in the scale of finance provided by Multilateral Development Banks (MDBs), together with changes in MDB strategy and approach which can help mobilise greatly increased private investment. "The financing challenge is at the heart of delivering a net-zero economy; how much do we need to invest, in what sectors and in which geographies, to achieve the unprecedented rewiring of our economies needed to address the climate crisis. This ETC reports rigorously and systematically tackles exactly these questions. Importantly, it puts a spotlight on the different levers that are needed to enable this investment to come forward: real economy policies; policies targeting the financial system; and the scale and role of concessional funds. It provides vital insights to shape the work of different institutions, including MDBs such as mine." "At EBRD, we have set ourselves a target to become a majority green Bank by 2025, and this report underlines the key areas that we must focus on, the real economy policies that we must work with our countries of operations on to create the enabling conditions for investment, and the role we must play to mobilise private sector capital alongside our own investments." said Nandita Parshad, Managing Director, Sustainable Infrastructure, EBRD. Supporting action by financial institutions and financial regulation can accelerate capital reallocation. Financial institutions should develop net-zero transition plans, which can play a role in capital mobilisation and reallocation into low-carbon assets and technologies. Financial regulation should ensure the transparent disclosure and management of climate-related risks and strategies. Vital role for concessional/grant payments Provided good policies are in place, capital investment will deliver positive returns to investors. But achieving some emissions reductions will impose an economic cost – in particular, phasing out coal early where it still remains competitive with renewables, halting deforestation which delivers a positive return to landowners and businesses, and scaling up carbon dioxide removals. Concessional/grant payments to offset these costs in middle- and low-income countries (excluding China) may therefore be essential and could amount to around $0.3 trillion a year by 2030 if the world is to achieve its 1.5°C objectives. This money could, in theory, come from corporates via voluntary carbon markets, philanthropy, and high-income countries. By 2030, these payments could amount to: Around $25-50bn per annum to achieve early phase-out of existing coal assets, with the need for these payments to decline to zero by 2040. Around $130bn per annum to end deforestation by 2030 - but potentially far more if red meat consumption continues to increase. The scale of these payments raises the question of whether available money would be better spent in other ways e.g., directly supporting governments which are willing and able to impose deforestation bans. Around $100bn per annum to fund carbon removals. Initially primarily via nature-based solutions such as reforestation but with an increasing role in the 2030/40s for engineered solutions such as Direct Air Capture of Carbon and Storage (DACCS). "We believe financing can play a major role in shifting the dial to a net zero global economy, especially when banks work in partnership." "As the ETC's report clearly sets out, finance needs to come together with government and philanthropic efforts to deliver the significant investment needed for transition." said Zoë Knight, Managing Director & Group Head, Centre of Sustainable Finance, HSBC. To read the full report, visit: https://www.energy-transitions.org/publications/financing-the-transition/ The ETC's report is accompanied by 5 sector sheets summarising the investment needs, challenges and actions required for decarbonising power, buildings, transport, industry and hydrogen sectors by 2050. These are available to download here: https://www.energy-transitions.org/publications/financing-the-transition/#downloads Member Quotes Additional quotes from Iberdrola, Impax Asset Management, SSE and RMI can be found here. Notes to editors This report constitutes a collective view of the Energy Transitions Commission. Members of the ETC endorse the general thrust of the arguments made in this report but should not be taken as agreeing with every finding or recommendation. The institutions with which the Commissioners are affiliated have not been asked to formally endorse the report. For further information on the ETC visit: https://www.energy-transitions.org For the report and infographics, visit: https://www.energy-transitions.org/publications/financing-the-transition/ To view our commissioner list, please visit here.
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