REDEX will be an exclusive partner to TNBX to support the development of the Malaysia Green Attribute Trading System (mGATS) into the country’s preeminent digital trading platform for Malaysia Renewable Energy Certificates (mREC). The upgraded platform will provide a new avenue for businesses to conveniently pursue their renewable energy commitments and accelerate the nation’s pursuit of a sustainable energy future.
Launched five years ago as an information hub on RECs, the revamped mGATS will leverage REDEX’s innovative technological solutions to facilitate live trading and auctions while providing users with price transparency for mRECs acquisition.
REDEX Founder and CEO Kang Jen Wee said, “REDEX is honoured to be chosen by TNBX as a partner for the development of mGATS into a premier digital trading platform for the Malaysian market. We are excited to be part of the country’s journey to create a sustainable future for current and future generations.
“This collaboration also deepens our presence in Malaysia and highlights our innovative technological solutions to the wider REC industry. It also paves the way for deploying such similar proven solutions in other countries. Utilising our expertise and experience, REDEX will work closely with TNBX to enable more renewable electricity certification in Malaysia.”
A wholly-owned subsidiary of Malaysia’s leading utility company Tenaga Nasional Berhad (TNB), TNBX is the premier one-stop mREC solutions provider for Malaysian consumers and businesses.
TNBX Managing Director, Ir. Mohd Razif Abd Halim said, “The revamped mGATS is a significant step forward in Malaysia’s journey towards low carbon energy future. In line with the National Energy Transition Roadmap (NETR), this initiative will promote renewable energy and bolster the country’s ambition to achieve net zero carbon emissions by 2050.
“We are pleased to have REDEX, an experienced REC solution provider as our exclusive partner and we look forward to working with REDEX to develop a world-class platform for Malaysian corporate and industrial entities to use. TNBX will continue to provide practical and user-friendly renewable energy solutions for our valued customers and the Malaysian market. mGATS is now open for account registration at www.mgats.com.my. Do contact TNBX for more information on acquiring your mREC in Malaysia.”
About REDEX
REDEX provides innovative technological solutions that enable companies to adopt renewable energy with ease. Headquartered in Singapore, REDEX developed and operates Asia’s leading trading platform for Renewable Energy Certificates (RECs). We offer a one-stop ecosystem for RECs, supporting clients through the full REC lifecycle – asset registration, verification, marketplace and retirement.
Committed to accelerate the global transition towards clean, green and renewable energy, REDEX won the 2023 Emerging Enterprise Sustainability Award in Singapore.
TNBX is a wholly-owned subsidiary of TNB that focuses on ‘beyond the meter’ solutions. TNBX aims to provide more value propositions to customers through smart and innovative solutions especially in Renewable Energy (RE) and Energy Efficiency (EE). This is done through providing a one-stop center solution to the customers and nation such as Supply Agreement – Renewable Energy (SARE), Malaysia Renewable Energy Certificate (mREC), and EV charging platform.
For media queries, please contact: Lin Daoyi Manager, Public Affairs and Communications Tel: +65 98508979 Email: daoyi.lin@redex.eco
Join our impressive line-up of experts who will share their insights and knowledge on achieving net zero emissions, the fast tracking of energy transition, and the latest advancements and opportunities in renewable energy.
Themed “TRIPLING RENEWABLE POWER & DOUBLING ENERGY EFFICIENCY BY 2030”, this exclusive event will bring together +1000 top energy professionals, Industry key players policymakers, Energy producer and solution providers spearheading the Energy Transition across the world.
Topics of discussion will include the emergence of green hydrogen, the future of electric vehicles, the latest developments in solar and wind energy, as well as the breakthroughs in energy storages through energy efficiencies, embarking attendees on a comprehensive exploration of the latest advances and strategies shaping the clean energy landscape. From cutting-edge renewable energy technologies to innovative financing models and regulatory frameworks, every aspect of the transition to cleaner, more sustainable energy systems will be scrutinized.
Don’t let this chance slip away, come and join us today for invaluable hands-on insights into Energy. This 3rd Annual event is set to be bigger and more impactful than ever. Secure your now before it’s too late.
As the world grapples with the urgent need to transition to sustainable energy sources and reduce carbon emissions, international energy giants like JERA, Tokyo Gas, Kraken, ExxonMobil and more are stepping up to the challenge. They are spearheading efforts to overcome these global challenges through strategic collaborations and innovative projects that will be on the agenda at the Japan Energy Summit & Exhibition from 3-5 June 2024 at Tokyo Big Sight.
Notable speakers slated to speak at Japan Energy Summit and Exhibition include:
Shinichi Kihara, Director General for International Policy on Carbon Neutrality, Ministry of Economy, Trade and Industry
Izuru Kobayashi, Deputy Director General for Environmental Affairs, Ministry of Economy, Trade and Industry (METI)
Kadri Simson, Commissioner for Energy, European Commission
Hon. Brian Jean, ECA, KC, Minister for Energy and Minerals, Government of Alberta
Mitsunori Fukuda, Director, Gas Market Office, Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry (METI)
Kiyoshi Hikino, Director of Power and Gas Market Policy Division, Agency for Natural Resources and Energy, Ministry of Economy, Trade and Industry (METI)
Yuya Hasegawa, Director Energy Resource Development Division, Ministry of Economy, Trade and Industry
Eiji Ohira, Director Fuel Cell and Hydrogen, New Energy and Industrial Technology Development Organization
Takashi Kawai, Director, Ocean Development and Environment Policy Division, Maritime Bureau, Ministry of Land, Infrastructure, Transport and Tourism
Shinichi Sasayama, CEO, President, Representative Executive Officer, Tokyo Gas Co., Ltd.
Junya Tawa, Senior Managing Executive Officer, Chief Strategy Officer and Head of the Planning Division, JERA Co., Inc.
Takayuki Ueda, President & CEO, INPEX CORPORATION
H.E. Rachmat Kaimuddin, Deputy Minister for Infrastructure and Transportation Coordination, Coordinating Ministry of Maritime Affairs and Investment of the Republic of Indonesia
Helle Kristoffersen, President of Asia & member of the Executive Committee, TotalEnergies
Kathy Wu, Regional President Asia Pacific, Gas & Low Carbon Energy, bp
Irtiza Sayyed, President of Asia Pacific, Low Carbon Solutions, ExxonMobil
Highlighting their commitment, JERA, Japan’s largest power generation company, will return as the Co-Host of the event. Yuichi Shimada, Executive Officer, Head of Public Relations Group at JERA said regarding their participation: “As the largest power producer in Japan and a top-tier energy company worldwide, JERA is committed to developing cutting-edge solutions for a new era. We are proud to take the lead in developing a low-carbon fuel supply chain and to present the world’s first fuel substitution demonstration project. By participating in the Japan Energy Summit & Exhibition, we are happy to showcase our advancements and look forward to fostering more collaborations with industry partners toward a decarbonised future.”
Another participant of the leading international energy event is Co-Host Tokyo Gas, who is a pioneer in LNG introduction to Japan and now provides energy solutions globally. “To realise a net-zero world, innovation to decarbonise gas and electricity is essential. We are developing methanation technologies, which recycles CO2, alongside the expansion of renewable power sources, and are making moves to replace city gas with ‘e-methane.’” Yumiko Yao, Executive Officer, Senior General Manager of LNG Business Dept, Tokyo Gas said.
“Tokyo Gas is at the forefront of integrating innovative technologies to meet Japan’s energy needs sustainably. Participation in the Japan Energy Summit & Exhibition is pivotal in driving this transformation. As Co-Host of the Japan Energy Summit and Exhibition, we are pleased to help exemplify actionable steps towards a sustainable energy future,” Yao continued.
Christopher Hudson, President of dmg events, the organiser of the event, said: “The Japan Energy Summit & Exhibition serves as a platform for change, demonstrating the power of collaboration and innovation in the energy sector”. He added: “This event facilitates connections which set the scene for the ground-breaking partnerships that lead to actionable solutions for a sustainable future. Our co-hosts and sponsors all play an important role in leading decarbonisation efforts to achieve a better future for all.”
Japan Energy Summit & Exhibition will be headlined by an address by Shinichi Kihara, Director General for International Policy on Carbon Neutrality Ministry of Economy, Trade and Industry (METI) discussing the role that the Asia Zero Emissions Community (AZEC) will play in decarbonising the region. This will be followed by another crucial session for setting the tone of the event, senior officials from INPEX and TotalEnergies will be discussing the importance of strengthening global ties to achieve energy security.
Event sponsors include JERA, Tokyo Gas, Kraken, Exxonmobil, TotalEnergies, Cheniere, Rystad Energy, RWE, Engie and Vortexa who will join 100 other companies to showcase their collaborative contributions to propelling the energy transition within the exhibition and through the summit sessions. The convergence of industry leaders and innovators at the Japan Energy Summit & Exhibition highlights the importance of partnerships across sectors to achieve a carbon-neutral future.
About the event
The Japan Energy Summit & Exhibition, taking place on 3-5 June 2024 in Tokyo is a pivotal event designed to accelerate Japan’s transition to a sustainable and carbon-neutral future. As a global economic leader and technological innovator, Japan is setting the stage for an ambitious energy transformation that aligns with its environmental commitments and economic aspirations.
The event creates an environment for fostering a cross-sector collaboration for a diverse energy system, investing in climate technology across the energy value chain, ensuring energy security through strategic partnerships, decarbonising industries for a sustainable economic future, and promoting an inclusive and just transition. For more information, visit www.japanenergyevent.com.
About the organiser
dmg events is a global exhibitions and publishing company, established in 1989 and operating with 13 offices around the world. With a vast portfolio of over 80 exhibitions annually, we attract more than 1 million visitors, positioning us as one of the leading players in the industry. This global portfolio works closely with key stakeholders across the industry to facilitate pragmatic dialogue, serving as platforms for the latest discussions at the forefront of change.
Over recent years dmg events has significantly expanded operations to achieve impressive growth in emerging and mature markets. With new events continually being launched to adapt to changing market conditions, evolving with the industry, live events remain a focal point, providing a mix of exhibitions, conferences, certified workshops, technical seminars, clubs and leadership roundtables. www.dmgevents.com
Media Registration Please register an application in order to secure your media pass, which provides access to all conference sessions* and exhibitions.
As Mother’s Day 2024 approaches on May 12, BLUETTI, a leading provider of clean energy storage solutions, announces its exclusive Mother’s Day celebration. From May 10-22, BLUETTIwill be offering special discounts on its solar generators and power solutions, providing the perfect gift ideas for mothers and mother-like figures.
Create Unforgettable Moments with BLUETTI’s Portable Power Stations While jewelry and handbags are thoughtful gifts, nothing compares to the gift of shared experiences. Whether it’s a family gathering, backyard barbecue, camping, or a road trip, BLUETTI’s portable power stations, such as the AC180, EB200P, and EB series, make every moment memorable.The AC180 packs a punch with 1,800W of power, capable of charging grills, speakers, music players, and lights during outdoor gatherings. Equipped with 9 versatile outlets, it ensures everything stays powered, all while operating quietly and emission-free.
Meanwhile, the EB200P delivers 2,000W of power, perfect for camping trips, beach parties, and overlanding adventures. For smaller power needs, such as charging a few mid-sized devices like mini cookers and fridges, the EB55 and EB70 offer excellent power and portability. They are easy to carry and equipped with safety features for worry-free use.
Present Security with BLUETTI’s Reliable Home Battery Systems Caring for Mom extends beyond just one day. BLUETTI’s AC500 home battery systems provide ongoing peace of mind with their responsive UPS function, ensuring seamless power backup during outages.
Additionally, these systems offer a personalized gift for moms, as their capacity is customizable from 3,072Wh to 18,432Wh with the B300S expansion battery. A basic AC500+B300S setup can deliver 5,000W of power to essential household appliances for hours on end. Moreover, with support for up to 3000W of solar charging, moms can reduce energy bills and minimize their environmental impact.
To celebrate Mother’s Day, BLUETTI is also adding exciting surprises, including a spin wheel for a chance to win fantastic gifts. Everyone is invited to participate and seize these exclusive BLUETTI Mother’s Day deals.
About BLUETTI Dedicated to a sustainable future, BLUETTI provides affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI has empowered over 100,000 African families in off-grid regions. With a commitment to innovation and customer satisfaction, BLUETTI has established itself as a trusted industry leader across more than 100 countries worldwide.
The Philippines takes a momentous stride towards a greener and more sustainable future as the 10th anniversary edition of Solar & Storage Live Philippines 2024, the country’s largest event in renewable energy, kicks off its much-anticipated showcase. Held on 20 and 21 May, the free-to-attend expo and conference brings together industry leaders, developers, policymakers, technology experts, solution providers, investors, and innovators under one roof to catalyze the expansion of solar and storage technologies and projects in the Philippines.
Amidst the global call for urgent action against climate change, the Philippines stands at the forefront of renewable energy adoption, harnessing its abundant natural resources to power a sustainable tomorrow. Solar & Storage Live Philippines 2024 serves as a testament to the nation’s commitment to embracing clean energy solutions and driving innovation in the energy sector.
Paul Clark, Managing Director at Terrapinn Pte Ltd said, “This year’s Solar & Storage Live Philippines will be our biggest and best ever – over 12,000 energy professionals will walk our expanded expo floor (across 2 levels), which will showcase the latest advancements in solar and storage technologies, enjoy dynamic sessions across 5 theatres, participate in interactive workshops in our Solar Installer University and play their part in helping the Philippines achieve its energy ambitions. Quite simply, it’s the place to be on 20-21 May in Manila!”
Key highlights of Solar & Storage Live Philippines 2024 include:
300+ exhibitors showcasing cutting edge technologies and demonstrating the latest innovations in solar panels, energy storage systems, smart grids, and renewable energy integration solutions that are revolutionizing the way we generate, distribute, and consume electricity.
120+ speakers covering the latest and most pressing topics on Large Scale Solar, Commercial & Industrial Rooftop Solar, Residential Rooftop Solar, Rural Electrification, T&D/Grid, Energy Storage & Batteries and EVs & EV Infrastructure across 5 theatres.
Policy and regulation updates on the regulations and policy frameworks shaping the renewable energy market in the Philippines.
Investors, financiers, and project developers offering practical advice on how to get projects off-the-ground and properly funded.
Practical workshop sessions offering tips and tricks for aspiring or existing Solar Installers across 2 days.
Solar & Storage Live Philippines 2024 is a must-attend event for anyone serious about helping the Philippines power its future energy ambitions.
Solar & Storage Live Philippines is the leading event dedicated to advancing the adoption of solar and energy storage technologies in the Philippines. Organized annually, the event brings together industry stakeholders, policymakers, investors, and innovators to exchange ideas, share best practices, and drive collaboration towards a sustainable energy future.
About Terrapinn
Terrapinn has been sparking ideas, innovations and relationships that transform business for over 30 years. Using our global footprint, we bring innovators, disrupters and change agents together, discussing and demonstrating the technology, strategies and personalities that are changing the way the world does business. Whether you’re looking to make new connections, introduce product or inspire change in your industry, we invite you to join us as agitators of change. Terrapinn – spark something.   https://www.terrapinn.com/
Press attendance is complimentary.
Enquiries should be directed to: Christine Lee Marketing Director – Asia Terrapinn Pte Ltd christine.lee@terrapinn.com
To Produce rDMT, rMEG and Specialty Polymers From Waste Polyesters with a Significantly Lower Carbon Footprint
Levers the existing Infinite Loop(TM) technology to target undersupplied US$28 billion market for DMT and MEG
High projected returns based on total capital investment of approximately US$165 million, favourable industry pricing and low operating cost environment
Construction of the facility is expected to be complete at the end of 2026 with commercial operations commencing in early 2027
Loop Industries, Inc.(NASDAQ:LOOP) (the Company or Loop), a clean technology company whose mission is to accelerate a circular plastics/fiber economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, today concluded an agreement with Ester Industries Ltd. (Ester), one of India’s leading manufacturers of Polyester Films and Specialty Polymers, to form a 50/50 India joint venture (India JV). The purpose of the India JV is to build and operate an Infinite Loop™ India manufacturing facility which will produce a unique product offering of lower carbon footprint recycled dimethyl terephthalate (rDMT), recycled mono-ethylene glycol (rMEG) and specialty polymers in India, using the Infinite Loop™ technology which offers significant advantages over traditional mechanical PET recycling.
Photo: Arvind Singhania, Chairman and CEO of Ester Industries Ltd. and Daniel Solomita, Founder and CEO of Loop Industries at Loop’s head office in Terrebonne, Quebec, Canada.
Loop and Ester have a well-established working relationship, with Ester producing Loop™ PET for Loop’s global brand customers over the last four years. The India JV leverages the complementary skill set of each partner by combining Loop’s innovative technology and well-established global customer base with Ester’s nearly 40 years of specialized polymer production, operational proficiency, and local expertise, including sourcing of PET plastic and Polyester fiber waste feedstocks.
The DMT and MEG specialty chemicals global market size is estimated at US$28 billion and forecasted to grow at a 3.7% CAGR through 2033. The market is experiencing a global shortage of DMT due to recent plant closures in Europe, and low-carbon DMT and MEG are in high demand, but market options are limited and costly. The Infinite Loop™ India facility is expected to produce 70,000 tonnes of rDMT and 23,000 tonnes of rMEG annually and Ester will toll convert the rDMT and rMEG into various grades of specialty polymers. The planned facility in India can lower carbon emissions by up to 70% compared to virgin DMT and MEG manufactured from fossil fuels1, offering chemical companies a simple drop-in supplement and circular alternative that helps them achieve their sustainability goals.
The rDMT and rMEG product offerings manufactured at the Infinite Loop™ India facility represent a strategic product expansion in a low-cost manufacturing environment which complements Loop’s existing PET plastic and polyester fiber manufacturing business and will fuel growth by addressing the large and growing demand in the market. This expansion enables the Infinite Loop™ technology to reach new markets and cater to a broader range of customers across multiple industries including the electronics, automotive, textile, cosmetics and packaging industries.
The India facility will leverage the Infinite Loop™ technology and existing engineering package which accelerates the lead-time towards groundbreaking, slated to occur by end of this year. Feedstock sourcing for the facility, in which there is abundant supply from textile waste in India, is well advanced and the partners have engaged an external firm to source and secure the land for the facility. Construction is expected to be completed by the end of 2026, with commercial operations commencing in early 2027.
The India JV offers attractive economic returns without the need for substantial sustainability-linked premium pricing. Total capital investment is estimated approximately at US$165 million.
Arvind Singhania, Chairman and CEO of Ester Industries Ltd. commented “Ester and Loop have a long-standing working relationship with a deep alignment of values and shared commitment to circularity and driving sustainable change. This partnership reinforces our dedication to advancing sustainable solutions in the polymer industry and by leveraging Loop’s technology alongside our decades of polymer production experience, we will contribute to reducing the carbon footprint of our products, meeting the evolving needs of our customers.”
Loop’s Founder and CEO Daniel Solomita commented “Our partnership with Ester reflects a strategic alignment built on our shared values of sustainability and innovation and combines both companies’ areas of expertise. The specialty chemicals market offers a unique opportunity to expand the reach of our Infinite Loop technology beyond PET and polyester fiber and provides our customers with a sustainability linked advantage in the specialty chemicals market. Customer demand for rDMT, rMEG and specialty polymers produced using our technology is robust due to very limited viable options available in the marketplace today.
The Infinite Loop India facility represents a great opportunity for Loop to be a part of the fastest growing economy in the world and capitalizing on operating in a low-cost manufacturing environment. We see India and this partnership with Ester as a tremendous growth opportunity for future expansion.
This approach allows us to optimize returns, expand our presence in key markets, and drive sustainable growth while maximizing shareholder value.”
1 This data is for the India LCA excluding the avoided waste disposal
About Ester Ester Industries Limited is a public limited company incorporated in 1985 promoted by the Singhania family. The company is one of India’s leading manufacturers of Polyester Films and Specialty Polymers having a track record of nearly four decades of continually developing new and innovative products for customers across the globe. Ester Industries has state of the art manufacturing facilities in Khatima in Uttarakhand and Hyderabad in Telangana with combined capacity of 67,000 TPA of Polyester Resin, 110,000 TPA of Polyester Film and 30,000 TPA of Specialty Polymers. Specialty Polymers are manufactured primarily for the US and other overseas markets. Ester has a strong focus on sustainability and circularity, which complements the Infinite Loop™ technology developed by Loop Industries for recycling various types of polyester waste into high-value added Polyester products for applications in rigid/flexible packaging, fibers/garment, industrial, automotive, and consumer electronic products.
About Loop Industries Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop™ branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop™ PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.
Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”
For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries
Forward-Looking Statements This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.
For More Information: Investor Relations: Kevin C. O’Dowd, Investor Relations Loop Industries, Inc. +1 617-755-4602 kodowd@loopindustries.com
Media Inquiries: Andrea Kostiuk, VP Marketing & Communications Loop Industries, Inc. +1 (450) 951-8555 akostiuk@loopindustries.com
Total greenhouse gas (GHG) emissions further decreased amid rising sales and production increases
80% of INNIO Group’s top 200 suppliers commit to halving greenhouse gas emissions by 2030
External independent verification of compliance with GRI standards (Global Reporting Initiative)
INNIO Grouphas published its Sustainability Report for 2023. Making progress together is the fourth annual non-financial report from INNIO Group.
INNIO Group Employees
The report documents INNIO Group’s progress since defining its baseline goals in 2020, providing information on sustainability initiatives, projects, and metrics. In 2023, INNIO Group’s total greenhouse gas emissions (Scope 1, 2, and 3) decreased by 1.3% or 76,340 metric tons of CO2 equivalents compared to the previous year.
Significant progress also was made in the supply chain, with 80% of the top 200 suppliers committing to reduce their greenhouse gas emissions by 50% by 2030.
At the same time, the company continues to work towards creating a diverse and inclusive work environment. The proportion of female employees in INNIO Group increased by almost 4% compared to 2022 and by 7.5% over the last three years, reaching 18.1% at the end of 2023.
This highlights INNIO Group’s progress in all three defined core areas of sustainability:
Low-carbon and circular products – supporting customers in their biggest challenges by providing innovative solutions that benefit people and the planet
Supply chain and production resilience – incorporating ESG aspects of environment, social, and governance into INNIO Group’s business activities, including transparent reporting on the company’s performance
Responsible operations and social responsibility – employing a diverse, inclusive, and engaged workforce that is committed to the community and improving their quality of life
“Sustainability is key to a future-proof economy. Our entire INNIO team can be proud of last year’s achievements,” said Dr. Olaf Berlien, president and CEO of INNIO Group. “Initiatives like our ‘Ready for H2’ technology are a central part of our corporate strategy. We promote sustainable solutions and drive the hydrogen economy and decarbonization in the energy sector.”
Marcin Kawa, VP Sustainability at INNIO Group, emphasized INNIO Group’s comprehensive approach to sustainability. “With the introduction of the ESG hub software last year, we can systematize processes around sustainability controls,” said Kawa. “We are well positioned to significantly intensify projects for CO2 reduction, circular economy, and efficient resource use.”
In the “Progress and Performance” chapter and in an overview of the 2023 Sustainability Report’s key performance indicators, INNIO Group illustrates its collaborative approach to advancing the energy transition and decarbonization. Additionally, a separate section of the report addresses activities, initiatives, programs, and the concrete implementation of decarbonizing the energy sector while fostering employee growth.
About INNIO Group INNIO Group is a leading energy solution and service provider that empowers industries and communities to make sustainable energy work today. With its Jenbacher and Waukesha product brands and its AI-powered myPlant digital platform, INNIO Group offers innovative solutions for the power generation and compression segments that help industries and communities generate and manage energy sustainably while navigating the fast-changing landscape of traditional and green energy sources. INNIO Group is individual in scope, but global in scale. With its flexible, scalable, and resilient energy solutions and services, INNIO Group enables its customers to manage the energy transition along the energy value chain wherever they are in their transition journey.
INNIO Group is headquartered in Jenbach (Austria), with other primary operations in Waukesha (Wisconsin, U.S.) and Welland (Ontario, Canada). Through a service network in more than 100 countries, a team of more than 4,000 experts provides life-cycle support to the more than 57,000 engines that INNIO Group has delivered globally.
INNIO Group’s ESG strategy has been recognized and awarded by esteemed rating agencies such as Sustainalytics and EcoVadis. Additionally, the company’s near-term climate targets until 2030 have been validated by the Science Based Targets initiative (SBTi).
For more information, visit INNIO Group’s website at www.innio.com. Follow INNIO Group and its brands on X (formerly known as Twitter) and LinkedIn.
INNIO, Jenbacher, myPlant, Waukesha are trademarks in the European Union or elsewhere owned by INNIO Jenbacher GmbH & Co OG or one of its affiliates. All other trademarks and company names are property of their respective owners.
In general, “Ready for H2” Jenbacher units can be converted to operate on up to 100% hydrogen in the future. Details on the cost and timeline for a future conversion may vary and need to be clarified individually.
Contact Information Susanne Reichelt INNIO Media Relations susanne.reichelt@innio.com +43 664 80833 2382
As Earth Day approaches, BLUETTI reaffirms its commitment to environmental stewardship with this year’s theme — “Embrace Our Earth, Energize Our Life”. The pioneering brand highlights innovative energy storage solutions to help users harness renewable energy, reduce carbon emissions, and promote sustainable lifestyles.
Water-Resistant BLUETTI AC240 Power Station for All-Weather UseTo minimize electronic waste, BLUETTI produces truly durable power products like the New AC240. With an impressive IP65 rating, it can endure dust and water ingress, guaranteeing longevity in outdoor settings like construction sites and marine applications. Capable of delivering 2,400W power and expandable with the B210 add-on batteries, the AC240 becomes an indispensable off-grid power solution for sailboat, yachts, and other demanding situations.
BLUETTI AC300+B300 Scalable Clean Energy Solution Empowering Off-Grid LivingLiving off the grid doesn’t mean relying on traditional energy sources like firewood or fuel generators. The AC300+B300 system provides a sustainable power solution for remote cabins or homes. When linked with solar panels, it accepts up to 2,400W of solar intake. Its 3,000W inverter effortlessly powers most household appliances like air conditioners and refrigerators. As testified by user Thorn Gannon, this system with two PV350 solar panels made his modest home 80% off-grid with minimal worry. He also considered adding more B300 batteries to achieve greater solar storage while maintaining a green footprint.
BLUETTI AC70, AC180, AC200L Portable Generators for Earth-Conscious LifestylesBLUETTI endeavors to make clean energy accessible to all through its diverse product range. Each product features seamless compatibility with solar panels. The portable 10.2kg AC70 is a convenient power source for camping, road trips, and emergencies. The AC200L with a 2,400W output charges heavy-duty equipment and tools. These products offer peace of mind during power shortages, as exemplified by user Julie Cook’s experience with the AC180, which powered her devices to ensure the uninterrupted operation of her online business.
Join BLUETTI this Earth Day to embrace renewable energy and a brighter future.
About BLUETTICommitted to a sustainable future, BLUETTI provides affordable green energy storage solutions for indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI has impacted over 100,000 off-grid African families. With a focus on innovation and customer satisfaction, BLUETTI has become a trusted leader in over 100 countries worldwide.
BLUETTI, a leading provider of green energy storage solutions, will introduce the newBLUETTI AC240 to the Australian market on April 2nd at 13:00 local time. The AC240 promises to be the go-to power solution for outdoor enthusiasts with IP65 water resistance and dustproofing for reliable performance in any climate.
IP65 Dustproofing and Water Resistance Designed to withstand harsh conditions, the BLUETTI AC240 is dust-proof and resistant to low-pressure water jets. This level of protection ensures an uninterrupted power supply during outdoor activities such as beach camping, overland adventures, and marine excursions. The AC240’s resilience is based on several of BLUETTI’s advanced designs, including independent air ducts and sealed compartments.
Versatile Power for Every Adventure With an impressive 2,400W output and 1,536Wh LFP battery, the AC240 offers versatile power solutions for a variety of outdoor adventures. Whether it’s sailing at sea or living off the grid, the AC240 can power essential appliances such as refrigerators, air conditioners, and coffee makers. Its efficient 1,200W solar charging capability, combined with multiple outputs, allows for seamless integration into RV or boat power systems, ensuring self-sustained adventures.
Disaster Prevention Backup Power In the event of weather-related power outages in Australia, such as those caused by tropical storms, the AC240 serves as a reliable backup power source. The expandable battery capacity of up to 10,136Wh with BLUETTI’s B210 battery packs provides uninterrupted power during emergencies. Its lightning-fast UPS feature powers up critical equipment within 15 milliseconds of a power outage for peace of mind.
Durable and Intelligent Power Solution Crafted to last, the AC240 features a reliable lithium iron phosphate battery and BLUETOPUS AI-powered battery management system for optimal performance over about a decade. Supported by app control and backed by a 6-year warranty, the AC240 guarantees reliable service for years to come.
Availability and Pricing The BLUETTI AC240 will be sold on BLUETTI’s official website and Amazon store starting April 2nd, 13:00, with an exclusive early bird price of A$2499.
About BLUETTI Committed to a sustainable future, BLUETTI provides affordable green energy storage solutions for both indoor and outdoor use. Through initiatives like the LAAF (Lighting An African Family) program, BLUETTI has empowered over 100,000 African families in off-grid regions. With a dedication to innovation and addressing customer needs, BLUETTI has established itself as a trusted industry leader across more than 100 countries worldwide.
Mooreast Holdings Ltd. (“Mooreast” or the “Group”) has secured an order to supply its proprietary anchors for a pre-commercial floating offshore wind farm. Located off the French coast of Port-La Nouvelle and Gruissan in Southern France, Eolmed is a project developed by Qair, a European independent energy company, with TotalEnergies and floating technology supplier BW Ideol.
Mooreast and Bourbon Offshore at the first steel cut ceremony; Mooreast will supply its MA5S mooring drag anchors to the biggest of the first three floating wind energy projects in France
Singapore Exchange-listed Mooreast, a total mooring solutions specialist and Asia’s only ultra-high power anchor manufacturer, announced today that it has partnered with French Installation Contractor Bourbon Offshore to supply Mooreast’s MA5S mooring drag anchors. The latter will provide transport and installation services to the 30MW pre-commercial project, which is the biggest of the first three floating wind energy projects to be developed in the country.
Up to 35 tonnes each, the anchors command a holding power of up to 1,210 metric tonnes, underscoring its remarkable strength-to-weight ratio and efficiency. The anchors will be used to moor three floating wind turbines. The anchors are expected to be delivered by October 2024, and the order will contribute positively to Mooreast’s FY2024 performance.
Singapore-based Mooreast is leveraging more than 30 years of mooring and offshore marine expertise to target the floating offshore wind sector worldwide. The fresh order marks Mooreast’s 15th offshore wind-related project since undertaking its first project in 2013, underscoring its strong track record in the emerging sector.
Apart from specialist anchors and equipment, Mooreast also offers geotechnical and geophysical studies such as soil data analysis to determine project feasibility and engineering design for mooring configuration for floating wind turbines.
The anchors will be manufactured at Mooreast’s yard at 51 Shipyard Road, Singapore, where the Group has also developed a range of anchors, chain stoppers and buoys to moor floating platforms.
Mr Sim Koon Lam, founder, Executive Director, CEO and Deputy Chairman of Mooreast, said, “The project win in France underscores the growing confidence that international players in the floating renewable industry have in us. The European floating wind energy sector is known for its rigorous standards and we are proud that Mooreast is able to achieve market acceptance in this region.”
“Already, we are in active discussions with several project developers looking to tap into our expertise and capacity for subsea foundation production. As more floating wind farms gain traction, Mooreast can add value through its specialist solutions and products. We are establishing a manufacturing facility in Aberdeen, Scotland, in addition to our regional marketing office in the Netherlands. We remain focused on offering differentiated value even as we see to capture more opportunities in the near future in this exciting sector.”
None of the Directors or substantial shareholders of the Group, as well as their respective associates, has any interest (direct or indirect) in this new project, other than through their shareholdings in the Group.
This press release has been prepared by the Company and its contents have been reviewed by the Company’s sponsor, W Capital Markets Pte. Ltd. (the “Sponsor”). This press release has not been examined or approved by the Singapore Exchange Securities Trading Limited (the “SGX-ST”) and the SGX-ST assumes no responsibility for the contents of this press release, including the correctness of any of the statements or opinions made or reports contained in this press release.
The contact person for the Sponsor is Ms Alicia Chang, Registered Professional, W Capital Markets Pte. Ltd., at 65 Chulia Street, #43-01 OCBC Centre, Singapore 049513, Telephone (65) 6513 3525.
Issued for and on behalf of Mooreast Holdings Ltd. by WeR1 Consultants Pte Ltd.
About Mooreast Holdings Ltd.
Mooreast is a total mooring solutions specialist, serving mainly the offshore oil & gas (“O&G”), marine and offshore renewable energy industries, with operations primarily in Singapore, the Netherlands through its wholly-owned subsidiary in Rotterdam Mooreast Europe, and the United Kingdom through Mooreast UK, an office based in Scotland.
Mooreast’s solutions include the design, engineering, fabrication, supply and logistics, installation and commissioning of mooring systems. Mooreast is applying its experience and expertise in mooring solutions to floating renewable energy projects, in particular floating offshore wind farms. It has successfully participated in developmental and prototype projects for floating offshore wind turbines in Japan and Europe.
Media & Investor Contact Information WeR1 Consultants Pte Ltd 1 Raffles Place #02-01 One Raffles Place Mall Suite 332 Singapore 048616 Isaac Tang, mooreast@wer1.net (M: +65 9748 0688)
