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
Following the resounding success of its previous editions, the highly anticipated London Climate Technology Show is poised to make its triumphant return to ExCeL London from November 27-28, 2024.
As a premier platform for advancing the global net zero economy transition, the London Climate Technology Show 2024 promises to feature latest technology and innovative disruptions aimed at addressing the global climate crisis.With a dedicated focus on steering the transition towards a net-zero future, this edition will spotlight brilliant minds and leading companies esteemed for shaping a sustainable future with robust policies, collaborative ideas and groundbreaking technologies.
#CTS24 builds upon the strong foundation of its earlier editions and this year, the event aims to welcome over 6000+ attendees, 100+ exhibitors, 100+ speakers, 100+ associations and media partners and hundreds of journalists from across the world. The event will be an ideal place to connect, converge & collaborate with important industry players and get unparalleled insights into green tech innovations, effective decarbonisation strategies, and emerging business opportunities within the sector.
Adding on to its previous editions, #CTS24 amplifies its impact with dynamic multi-track conferences on Net Zero & Sustainability, AgriTech, EcoFunds, Carbon Capture, Built Environment, Climate Tech Innovation, Energy Evolution, and Carbon Markets. The conference will feature a stellar speaker lineup and content driven agenda, allowing participants to gain invaluable insights into the urgent need for collaborative global efforts to effectively tackle climate challenges head-on. Complementing the main program, #CTS24 will host engaging side events such as startup acceleration programs,workshops, etc fostering further opportunities for learning and collaboration.
Furthermore, the event will feature an immersive exhibition that will offer a dynamic platform for companies to showcase their innovative solutions and technological advancements in the field of sustainability. With an aim to gather thousands of industry professionals, #CTS24 will offer an opportunity for exhibitors to meet business partners in a highly engaging conducive environment. Moreover, the event is a right place for startups to present their ideas/offerings to the VCs and find the right investment for their business. This initiative aims to provide vital support for sustainable endeavours, thereby accelerating the adoption of eco-friendly technologies and practices.
The third edition of London Climate Technology Show is poised to break records on multiple fronts, from the scale of conference participation and exhibitions to the wider breadth of content, surpassing all previous milestones. Join us for an unforgettable experience that promises to ignite your passion and fuel your commitment to building a sustainable future. For more information and to register for the event, please visit: https://bit.ly/3TlN7AC
About the 3rd Annual London Climate Technology Show 2024 (CTS24)
Helping accelerate the global net zero economy transition, the London Climate Technology Show is the most sought after exhibition & conference focused on the fast developing climate technology value chain, where stakeholders from across the world assemble to experience two days of high value content and unparalleled business opportunities.
The London Climate Technology Show aims to be the largest climate technology exhibition and conference in the world for advancing the global net zero economy transition and shaping a sustainable future with ground breaking and collaborative technologies.
Aiming to accelerate the achievement of the goals outlined in the Net Zero pledges internationally, the event will bring together policymakers, industry leaders, investors, sustainability experts, and innovators to showcase the latest sustainability tech and drive the transition to a low carbon economy.
Building on two years of tremendous success, the globally acclaimed exhibition & conference will once again offer best-of-its-kind networking platform for governments, individuals and businesses of all sizes to showcase disruptive sustainability solutions to mitigate the climate crisis, help gain invaluable knowledge on green tech innovations & effective decarbonisation strategies accelerating the transition. At the core of the London Climate Technology Show is a shared mission to accelerate the transition to a sustainable, net-zero future.
Madhiya Nabi PR and Communications Manager Email Address: madhiya.nabi@valiantbmedia.com Contact Number: +44 20 3287 8878
I.P. Natural Products (I.P.) expanding its popular Ivy brand
I.P. Natural Products (I.P.) has expanded its popular Ivy beverage brand, so far consisting of UHT drinking yogurts, to include juices in SIG XSlimBloc carton packs, 170 ml and 200 ml.
I.P. Natural Products (I.P.) has expanded its popular Ivy beverage brand, so far consisting of UHT drinking yogurts, to include juices in SIG XSlimBloc carton packs, 170 ml and 200 ml.(Photo: SIG)
Ivy’s new juice range will be introduced in two Asian-inspired flavors: tamarind – a refreshing juice made with premium local Thai ingredients, and plum – a tangy-sweet juice made with fresh Taiwanese plums. Produced using Ivy’s unique beverage formulation, both products boast a distinctly Thai flavor profile that will appeal to local consumers who can enjoy it on the go. Both flavors will be available on Thai retail shelves in SIG XSlimBloc carton packs, 170 ml and 200ml.
Mr. Uthai Thaneswarakul, Managing Director and President of I.P. One Company Limited: “I.P. is thrilled to continue our long-term partnership with SIG as we expand Ivy’s beverage categories to meet the diverse needs of our consumers. We share SIG’s core values of providing consumers with safe and high-quality UHT products and believe in SIG’s commitment to providing even more sustainable innovations.”
He further shared: “We are committed to producing good quality products. I want Thai people to use and consume quality products, including delicious food and beverages made from quality ingredients. This is the key to our success, allowing us to grow sustainably both domestically and abroad.”
I.P.’s partnership with SIG spans 27 years. Together, the companies have brought popular beverages to market through a strong commitment to sustainability and innovation.
Angela Lu, President & General Manager Asia Pacific at SIG: “SIG offers comprehensive solutions that enable customers to explore new market segments. With our agile and flexible filling system, we offer customers unmatched volume and format flexibility, enabling them to meet the rapidly changing demands of consumers.”
The SIG XSlim 24 Aseptic filling machine offers the flexibility to fill up to nine different pack sizes on the same high-speed filler (up to 24,000 packs/hour). The changeover time when switching pack size takes less than 15 minutes. This flexibility allows businesses to easily and quickly right-size their products based on consumer demands.
About SIG SIG is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.
Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website.
For insights into trends that drive the food and beverage industry, visit the SIG blog.
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 16th Annual Global CSR & ESG Summit & Awards 2024 was held on April 25 in Hanoi, Vietnam. The event showcased tremarkable strides in corporate social responsibility (CSR) and environmental, social, and governance (ESG) initiatives, and featured some of the most outstanding achievements by enterprises and organizations in this regard.
Vietnam’s Vinmec Healthcare System received platinum awards for Best Community Program, Best Workplace Practices, Empowerment of Women, and Best Country Excellence in Vietnam in the US$1 billion and above market capitalization category.
Founded in 2012 to contribute to sustainable development in the Vietnamese healthcare sector by delivering high-quality medical services, Vinmec stands as a beacon of academic healthcare, dedicated to shaping the global healthcare narrative through innovative research, groundbreaking discoveries, and a steadfast commitment to clinical excellence and value-based care solutions.
In an interview with ACN Newswire, Vinmec CEO Le Thuy Anh discusses the company’s visionary objectives and operational aspirations, and how, amid an era marked by pressing healthcare challenges, the company’s resilience, foresight, and unwavering dedication are helping transcend geographical boundaries by creating a sustainable healthcare ecosystem.
ACN: Can you share with us the vision and mission of Vinmec, particularly its dedication to academic healthcare for people at local and global scales?
Le Thuy Anh: Vinmec’s vision revolves around addressing critical healthcare challenges nationally and globally, especially in light of the transition from communicable to non-communicable diseases and an aging population. Vinmec is pioneering as an agent of change based on a model of academic medicine with three pillars: excellence in clinical programs; innovative research; and medical education. Aligning with this vision, Vinmec’s mission is caring with compassion, professionalism, and wisdom based on the core values of C.A.R.E (Creativity, Accountability, Reliability, Excellence). Based on this, we aim to contribute significantly to sustainable healthcare development by delivering high-quality medical services, focusing on academic healthcare through innovative research and clinical excellence.
ACN: How does Vinmec approach innovation, research, and breakthroughs to achieve clinical excellence?
Le Thuy Anh: Our approach to innovation and research is integral to achieving clinical excellence. We invest significantly in research and technology transfer, operate research institutes like Vinmec Research Institute of Stem Cells and Gene Technology (VRISG) for stem cell therapies, and the Hi-tech Center for groundbreaking trials.
VRISG is a pioneering research institute specializing in stem cell therapies for a range of rare diseases and is also the first to utilize CAR-T cell therapy for leukemia treatment in Vietnam. Vinmec’s Hi-tech Center has achieved significant milestones, including conducting large-scale clinical trials for COVID-19 vaccines, successful international clinical trials on the efficacy of new cancer drugs, and becoming a reference laboratory for renowned medical partners like AstraZeneca.
Our emphasis on cutting-edgeinnovative applications like 3D printing and robotic surgery ensures clinical excellence and value-based solutions for our patients.
ACN: Creativity is highlighted as a core value of Vinmec. Can you provide examples of how the organization fosters continuous innovation to offer patients the best solutions?
Le Thuy Anh: Creativity drives our long-term development and breakthroughs, evident in our research findings turned into clinical trials like Car-T cell therapy for leukemia and stem cell transplantation in the treatment of autism and cerebral palsy, to name a few.
We empower our doctors with modern techniques and equipment through many training and clinical observership programs in the developed countries of medicine. We continuously innovate in workplace practices through initiatives like the Creativity Subcommittee, Kaizen, PDSA, and lean operations fostering a culture of excellence and implementing ideas that enhance quality and customer experience at all levels.
ACN: Accountability is crucial in healthcare. How does Vinmec ensure the highest level of accountability to patients and their families in terms of care ethics, skills, knowledge, and professional standards?
Le Thuy Anh: We ensure accountability through JCI accreditation, rigorous safety programs, and continuous training for our staff. Vinmec is the first and only healthcare system in Vietnam having two hospitals accredited by Joint Commission International (JCI) – the world’s most rigorous standards in hospital quality and patient safety.
Our focus on patient safety, through programs like Daily Safety Huddles where we hold a brief meeting in the morning between specialties, heads of departments, and other stakeholders to discuss clinical issues of patients; and the SpeakupSpeak up for every clinical staff to share and point out the patient’s risks reflects our commitment to the highest professional standards and ethics in delivering healthcare services.
Vinmec’s people play a key role in delivering the highest quality levels of healthcare, so we focus on continuous training and the well-being of the staff. As the first and only private academic healthcare model in Vietnam, excellence through persistent and personalized education is decisive for all Vinmecers, leading to delivering best practices.
ACN: Reliability is emphasized as a core value of Vinmec. How does the organization demonstrate its commitment to being the most reliable healthcare provider to the community?
Le Thuy Anh: Our commitment to reliability is evident through community initiatives, financial support for patients, and our response to healthcare crises like COVID-19.
Throughout 12the 12 years since its establishment, Vinmec has been entirely engaged in building a sustainable community.
Our business goals are always set in parallel with the benefits for the community at large. Thus, Vinmec is the only private healthcare system pursuing the model of a “not-for-profit” and value-based healthcare model in operation in Vietnam.
Vinmec’s contributions to the community are presented through community free health screening for over 15,000 people (in the past 5 years), financial support of VND300 billion annually for patients, medical education, and technology transfer for peer hospital and provincial hospitals.
Last but not least, Vinmec strongly responsed to Vingroup’s fight against COVID-19, making significant contributions in terms of human and material resources.
ACN: Excellence is a fundamental value for Vinmec. Could you discuss the organization’s approach to pursuing the highest service quality and implementing the best healthcare practices?
Le Thuy Anh: Pursuing excellence is at the core of our operations, seen through strategic partnerships, international accreditations, and Centers of Excellence for various disease groups.
Vinmec’s strategic partnerships with industry leaders like Cleveland Clinic and GE Healthcare have facilitated continuous improvement in service quality by leveraging advanced techniques and expertise. Over 12 years, Vinmec has received numerous international awards and accreditations, establishing Centers of Excellence (CoE) in critical areas like Cardiology, Orthopedics, Oncology, and Immunology, recognized globally for their cutting-edgeinnovative technology and specialist teams. Notably, the COE for Cardiology of Vinmec Times City International Hospital and Vinmec Central Park International Hospital were honored by the American College of Cardiology as the first centers of excellence in Asia.
Our focus on optimized treatment efficiency and outstanding service quality, along with continuous learning and improvement, ensures the best value-based solutions for our patients.
ACN: How does Vinmec ensure that compassion, professionalism, and wisdom are integrated into its care delivery model and reflected in the patient’s experience?
Le Thuy Anh: We take our responsibility extremely seriously and are committed to our mission of providing the utmost quality of care for our patients with professionalism, wisdom, and compassion. Our mission transcends the provision of healthcare services. It encompasses a commitment to nurturing a workplace where every member feels valued, respected, and motivated to excel.
At Vinmec, we believe in creating value not only for our patients but also for our people – the heart of our organization. This commitment is reflected profoundly in our workplace practices, where we strive to create an environment that not only fosters growth and recognition, but also integrates the core values of C.A.R.E (Creativity, Accountability, Reliability, Excellence) into every facet of our operations.
Our approach to workplace practices is holistic, focusing on the Total Rewards policies that motivate, develop, and nurture our employees. Holistic care extends through various stages of an employee’s journey, including recruitment, integration, promotion, training, and development. Meanwhile, Vinmec’s Comprehensive Care Program, “Vinmec Health & Wellbeing,” offers a holistic approach to employee wellness, encompassing mental and physical health, career development, and family and social connections. This initiative underscores Vinmec’s commitment to fostering a nurturing and supportive environment for all our staff, ensuring a well-rounded support system.
Our CARE culture forms the foundation of the Vinmec management framework. At Vinmec, we focus on value-based leadership, where our leaders exemplify the CARE principles in their daily actions. Vinmec has established a Cultural Framework with activities promoting the distinctive CARE culture. These activities are implemented deeply within the framework, following a planned timeline and themes for each quarter. The cultural activities have seen widespread and enthusiastic participation from members.
As a result, Vinmec is the first and only healthcare system in Vietnam that received the “Best Place to Work” award in 2023.
ACN: Looking ahead, what are the future plans and goals for Vinmec in terms of furthering its mission of academic healthcare and delivering excellence in patient care?
Le Thuy Anh: Our future plans include expanding our hospital network, treating rare diseases, promoting preventive medicine, and adopting advanced healthcare models. We aim to remain a factor of change and sustainability in Vietnamese medicine, delivering academic healthcare excellence and achieving international standards of care.
Vinmec has steadfastly pursued its vision of becoming Vietnam’s first academic private healthcare system, emphasizing creativity and innovation to address complex medical challenges and promote preventive medicine, patient engagement, and the adoption of P4 medicine (Predictive, Preventive, Personalized, Participatory).
The upcoming opening of two new Vinmec hospitals will expand its network to nine international hospitals nationwide, showcasing its ongoing commitment to excellence and attainment of world-class quality certificates.
About Vinmec
Vinmec is dedicated to academic healthcare for people at local and global scales through innovation research and breakthroughs that lead to clinical excellence and value-based care solutions. For more information visit, https://en.vinmec.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
The 16th Annual Global CSR & ESG Summit & Awards™ 2024 came to a triumphant close, marking yet another milestone in the realm of achievable corporate social responsibility (CSR) and environmental, social, and governance (ESG) initiatives.
Mr Matthias Gelber, also known as the “green man,” officially opens the summit, recognized for his strong commitment to sustainability and his iconic green shirt.
Hosted by The Pinnacle Group International, in collaboration with our esteemed co-organizer, the Sustainable Technology Centre, this year’s summit brought together industry leaders, policymakers, and experts to explore innovative strategies and solutions towards a sustainable future.
Ms Aparna Rajesh, Consultant, Sustainability & Academic Interface, Apac at Tata Consultancy Services, shares insights on leveraging employee talent, business models, and assets for impactful transformation.
The event witnessed insightful discussions, engaging panels, and thought-provoking keynotes, delving into pressing issues such as climate action, diversity and inclusion, ethical governance, and community engagement. Attendees gained invaluable perspectives and actionable insights, fostering collaborations to drive positive change across sectors.
Mr Aru David, Director of Assist in the Mekong Region, moderates a panel on Efficient ESG Governance, Transforming Commitments into Measurable Actions. The panel features Mr Pham Hai Au from PwC Vietnam, Mr David Jackson from Avison Young and Ms Mai Thi Thanh Huong from Sanofi. (Left to Right)Dr. Stefan Phang, Global Director of Sustainability & Creating Shared Value at Solenis, moderates a panel on Elevating Governance from Good to Exceptional, Advocating for Diverse Talent through Actions, Not Just Words. The panel features Dr. Ir. William L Nolten from ReXil Asia, Ms Nusheen Nalwala from Tata Consultancy Services, Mr Florian Johannes Beranek from the Central and Eastern European Chamber of Commerce in Viet Nam, and Mr Victor Dulait from the Belgian-Luxembourg Chamber of Commerce in Viet Nam. (Left to Right)Prof. Dr. Geoffrey Williams, Founder of Williams Business Consultancy, moderates a panel on Opportunity and Risk: Linking ESG to Strategy for the Creation and Preservation of Sustainable Long-Term Value. The panel features Mr Andika Dwi Saputra from Evermos, Mr Ts. Mahmood Long from Sarawak Energy, Ms Vu Tra My from Home Credit Vietnam, and Mr Rahul Gupta from McKinsey & Company. (Left to Right)
Highlights of the Summit:
Keynote Address: Ms Aparna Rajesh, Consultant, Sustainability & Academic Interface, APAC, Tata Consultancy Services, delivered an inspiring keynote on “How Corporates Can Leverage Their Employee Talent, Business Models, And Assets to Create Deep Impact That Drives Transformational Change.”
Panel Discussion: “Opportunity and Risk: Linking ESG To Strategy for the Creation and Preservation of Sustainable Long-Term Value,” moderated by Prof. Dr. Geoffrey Williams, Founder and Director of Williams Business Consultancy Sdn Bhd, featured panelists including Mr Ts. Mahmood Long from Sarawak Energy, Mr Andika Dwi Saputra from Evermos, Ms Vu Tra My from Home Credit Vietnam, and Mr Rahul Gupta from McKinsey & Company.
Panel Discussion: “Elevating Governance from Good to Exceptional: Advocating for Diverse Talent through Actions, Not Just Words,” moderated by Dr. Stefan Phang, Global Director of Sustainability & Creating Shared Value at Solenis, with panelists including Dr. Ir. William L Nolten from ReXil Asia, Ms Nusheen Masters from Tata Consultancy Services, Mr Florian Johannes Beranek from the Central and Eastern European Chamber of Commerce in Vietnam, and Mr Victor Dulait from the Belgian-Luxembourg Chamber of Commerce in Vietnam (BeluxCham).
Topic: “Enhancing Healthcare Accessibility and Sustainability” featured Ms Le Thuy Anh, CEO of Vinmec Healthcare System, who shared insights into Vinmec’s dedication to CSR & ESG principles.
Topic: Ms Rohini Samtani, Sustainability Solutions Manager at S&P Global Sustainable1, led a discussion on “ESG Ratings and Transparency: Advancing Sustainable Finance.”
Topic: Mr Lokender Singh and Mr Desmond Soh, Co-founders of Nutri-Buddy Pte Ltd, shared their expertise on “Sustainable Food Practices: Essential ESG Factors for the Food & Beverages Industry.”
The event ended with a final thought by Guest Speaker and Advisor Prof. Dr. Richard David Hames, Founder & Executive Director of the Centre for The Future and Fellow of the World Academy of Art & Science, Advisor to Sustainable Technology Centre. He encouraged attendees to continue their good efforts in CSR and ESG initiatives, emphasizing that continuous efforts will contribute to making the world a better place.
We extend our heartfelt gratitude to our co-organizer, the Sustainable Technology Centre, for their unwavering support and dedication in making this summit a resounding success. Their commitment to sustainability and technological innovation has been instrumental in advancing our shared mission.
S&P Global Sustainable’s Sustainability Solutions Manager, Ms Rohini Samtani, leads a discussion on ESG Ratings and Transparency: Advancing Sustainable Finance.Co-founders of Nutri-Buddy Pte Ltd, Mr Lokender Singh and Mr Desmond Soh, share expertise on Sustainable Food Practices: Essential ESG Factors for the Food & Beverages Industry.
We are also immensely grateful to our sponsors, S&P Global Market Intelligence and Nutri-Buddy Private Limited, whose generous support has played a pivotal role in bringing this event to fruition. Their commitment to promoting sustainable practices and corporate responsibility exemplifies the spirit of the summit.
As we reflect on the success of the 16th Annual Global CSR & ESG Summit & Awards, we are inspired and energized to continue our collective efforts towards building a more sustainable and inclusive world. Together, we can create positive change that benefits present and future generations.
Mr Pham The Dung, Deputy Director General of the State Agency for Technology Innovation (SATI) at the Ministry of Science and Technology of Vietnam (MOST), honored the 16th Annual Global CSR and ESG Summit & Awards 2024 with his presence, inaugurating the award segments with his address.
The summit ended with the awards segment The Global CSR & ESG Awards™, graced by Guest of Honour, Mr Pham The Dung, Deputy Director General, State Agency for Technology Innovation (SATI), Ministry Of Science And Technology Of Vietnam (MOST), and Ms Dang Ngoc Han, the crowned winner of Miss Vietnam 2010, is a renowned beauty queen, Ao Dai designer, and businesswoman in Vietnam. She serves as the Deputy Director of Ninh Van Bay Joint Stock Company and is also the Founder and CEO of Ao Dai Ngoc Han.
The award categories for this year are:
– Best Environmental Excellence Award – Best Community Programme Award – Excellence In Provision Of Literacy & Education Award – Empowerment Of Women Award – Best Workplace Practises – CSR & ESG Leadership Award – Product Excellence Award – Best CEO – Best Corporate Communications & Investors Relations Team
This year, we also have award categories recognizing the companies at the forefront of their respective industries and countries. The award categories are:
– Best In Thailand – Best In Indonesia – Best In Cambodia – Best In Viet Nam – Best In Philippines
The winners are:
Best Environmental Excellence Award
o Market Cap: USD 1 Billion and Above – Platinum: Kuala Lumpur Kepong Berhad, MY – Gold: PT Pertamina Hulu Energi Offshore North West Java, ID – Silver: PT Chandra Asri Pacific Tbk, ID – Bronze: PT Astra International Tbk, ID
o Market Cap: USD 500 Million to USD 1 Billion – Platinum: PT Pertamina Patra Niaga Fuel Terminal Sanggaran, ID – Gold: PT TEP Indonesia, ID
o Market Cap: Less than USD 500 Million – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning, ID – Gold: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap, ID – Silver: PT Pertamina Patra Niaga Integrated Terminal Wayame, ID – Bronze: Hope Foundation, MY
Best Community Programme Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: PT Pertamina Patra Niaga Regional Sumbagsel, PT Adaro Minerals Indonesia, Sanofi, PT Chandra Asri Pacific Tbk, PT Pertamina Patra Niaga AFT Supadio – Silver: San Miguel Corporation, PT Pertamina DPPU Juanda, PT Pertamina Hulu Energi Offshore North West Java, Sarawak Energy Berhad – Bronze: Pertamina EP Sukowati Field Corp, PT Pertamina Patra Niaga Integrated Terminal Pontianak, PT Pertamina Patra Niaga Integrated Terminal Surabaya
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: PT Pertamina Patra Niaga Integrated Terminal Balikpapan– Gold: PT Kalimantan Prima Persada– Silver: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)– Bronze: Samsung Electronics Vietnam Co., Ltd
o Less Than USD 500 Million Market Capitalization – Platinum: PT Badak NGL – Gold: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning, Smilegate Foundation, Diversey Viet Nam, PT Kilang Pertamina Internasional Refinery Unit VI Balongan, PT Pertamina Patra Niaga Fuel Terminal Maos – Silver: PT Pertamina Patra Niaga Integrated Terminal Cilacap, PT Pertamina Patra Niaga Fuel Terminal Ternate, PT Pertamina Patra Niaga Fuel Terminal Rewulu, PT Pertamina Patra Niaga Integrated Terminal Semarang, PT PLN Nusantara Power Up Gresik – Bronze: Indonesia Infrastructure Guarantee Fund, Central Retail Thailand, PT Pertamina Patra Niaga Regional Jawa Bagian Tengah DPPU Ahmad Yani
Excellence In Provisional Of Literacy & Education Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Samsung Electronics Indonesia – Gold: Bridgestone Asia Pacific – Silver: PT Pertamina Hulu Mahakam – Bronze: Kuala Lumpur Kepong Berhad
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Samsung Electronics Vietnam Co., Ltd – Gold: PT Kalimantan Prima Persada
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Gold: PT Kilang Pertamina Internasional Refinery Unit III Plaju
Best Workplace Practises
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: Danone Indonesia
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning
Best CEO
o Less than USD 500 Million in Market Capitalization – Platinum: Indonesia Infrastructure Guarantee Fund – Gold: BHG Retail Trust Management Pte Ltd
Empowerment Of Women Award
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System – Gold: Sarawak Energy Berhad – Silver: San Miguel Corporation – Bronze: Pt Agincourt Resources
o USD 500 Million to USD 1 Billion in Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: Bridgestone Asia Pacific – Gold: EVERMOS – Silver: Mahkota Medical Centre
Product Excellence Award
o USD 1 Billion and above in Market Capitalization – Platinum: Danone Indonesia
o USD 500 Million to USD 1 Billion in Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less than USD 500 Million in Market Capitalization – Platinum: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap – Gold: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning – Silver: PT Kilang Pertamina Internasional Refinery Unit III Plaju – Bronze: PT Kilang Pertamina Internasional Refinery Unit V Balikpapan
CSR & ESG Leadership Award
o USD 1 Billion And Above in Market Capitalization – Platinum: PT. Chandra Asri Pacific Tbk – Gold: TBS Energi Utama – Silver: PT Bank BTPN Tbk – Bronze: Tata Consultancy Services
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong Bien Hoa Joint Stock Company – Gold: Samsung Electronics Vietnam Co., Ltd – Silver: BHG Retail Trust Management Pte Ltd
o Less Than USD 500 Million Market Capitalization – Platinum: Bank Rakyat – Gold: Diageo Vietnam – Silver: Home Credit Viet Nam
Best Corporate Communications & Investor Relations Team Award
o USD 1 Billion and above in Market Capitalization – Platinum: Danone Indonesia
o USD 500 Million To USD 1 Billion Market Capitalization – Platinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)
o Less Than USD 500 Million Market Capitalization – Platinum: BHG Retail Trust Management Pte Ltd
Best Country Excellence – Best in Cambodia
o USD 1 Billion And Above in Market Capitalization – Platinum: NagaWorld Limited
o Less Than USD 500 Million Market Capitalization – Platinum: Prince Holding Group
Best Country Excellence – Best in Thailand
o Less Than USD 500 Million Market Capitalization – Platinum: Tata Consultancy Services
Best Country Excellence – Best In Philippines
o USD 1 Billion And Above in Market Capitalization – Platinum: Tata Consultancy Services
Best Country Award – Best In Indonesia
o Less Than USD 500 Million Market Capitalization Platinum: PT Kilang Pertamina Internasional Refinery Unit II Sei Pakning Gold: PT Kilang Pertamina Internasional Refinery Unit IV Cilacap Silver: PT Langgeng Kreasi Jayaprima (Diageo Indonesia) Bronze: PT Kilang Pertamina Internasional Refinery Unit V Balikpapan
o USD 1 Billion And Above in Market Capitalization Platinum: PT Astra International TBK Gold: PT Pertamina Hulu Energi Offshore North West Java Silver: PT Pertamina Patra Niaga SHAFTHI
Best Country Excellence – Best in Vietnam
o USD 1 Billion And Above in Market Capitalization – Platinum: Vinmec Healthcare System
o USD 500 Million To USD 1 Billion Market CapitalizationPlatinum: Thanh Thanh Cong – Bien Hoa Joint Stock Company (TTC AgriS)Gold: Samsung Electronics Vietnam Co., Ltd
o Less Than USD 500 Million Market Capitalization Gold: Hope Foundation Platinum: FPT Digital
About Pinnacle Group
The Pinnacle Group International is a leader in the conference industry in Asia, designing and launching ground breaking conferences and events. We pride in our ability to anticipate and read underlying socio-economic and investment trends in emerging and developed markets, creating brands and events to capture these opportunities and launching them with our clients and partners in both regional and international markets.Our relentless pursuit of excellence in the business of connecting people and businesses across nations is derived from our core beliefs in improving lives, welfare and status of societies. We are committed to supporting charitable ministries and projects to the betterment of human lives. Every year, our staff and management commit our time and resources to global missions and charities. For more informaton, visit https://globalcsr.pinnaclegroup.global.
For media inquiries or further information: Ms Cyan Lee, Conference Manager, The Pinnacle Group International Email: cyan@pinnaclegroup.global Tel: +65 8222 2344
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
Tex Cycle Technology (M) Berhad (“Tex Cycle” or the “Group”), an established waste management and recycling solutions provider, is pleased to announce the wholly-owned subsidiary of the Group, Tex Cycle Sdn. Bhd. (“TCSB”) has partnered with Evolusi Bersatu Sdn Bhd (“Evolusi Bersatu”) to launch Sabah’s first integrated scheduled waste management facility.
From L-R 1. Ms. Geraldine Hii Siaw Wei, Executive Director Tex Evolusi Waste Management Sdn Bhd & Group CFO Of Tex Cycle TECHNOLOGY (M) BERHAD 2. Mr Lee Hai Peng, Executive Director Tex Cycle Technology (M) Berhad 3. Datuk Keh Chuan Seng, Executive Chairman Tex Cycle Technology (M) Berhad 4. Haji Muhamad Bin Haji Tolling, Managing Director Of Tex Evolusi Waste Management Sdn Bhd 5. YB Datuk Phoong Jin Zhe, Minister of Industrial Development and Entrepreneurship (representing YAB Datuk Seri Panglima Haji Hajiji Bin Haji Noor, Chief Minister of Sabah) 6. Ybhg Datuk Seri Chiau Beng Teik, Executive Chairman, Chin Hin Group Berhad 7. Ybhg Datuk Harun Bin Ismail, CEO, Sabah Oil & Gas Development Corporation (SOGDC) 8. Mr Terry Biusing, Director, OGSE & Corporate, SMJ Energy Sdn Bhd 9. Mr. Gary Dass, Executive Director Tex Evolusi Waste Management Sdn Bhd & Group CEO Of Tex Cycle Technology (M) Berhad
Tex Cycle Sdn Bhd, licensed by the Department of Environment Malaysia, specialises in sustainable solutions for scheduled waste management. The Company ensures compliance and sustainability through advanced recycling and recovery methods across multiple industries throughout Malaysia. Evolusi Bersatu, primarily involved in the oil and gas sector (onshore maintenance, modification, and construction) in Sabah, complements this landscape by offering its network and local expertise.
The official inauguration took place at the Hilton Hotel, Kota Kinabalu, in the presence of YAB Datuk Seri Panglima Haji Hajiji bin Haji Noor, Chief Minister of Sabah, highlighting the significance of this milestone in promoting environmental sustainability and economic growth in the region.
The new facility, developed by Tex Evolusi Waste Management Sdn Bhd (“JV”), a joint venture between Tex Cycle Sdn Bhd and Evolusi Bersatu Sdn Bhd, is designed to complement existing scheduled waste management providers. It prioritises a locally centered waste treatment process, aiming to reduce costs and emissions while ensuring legal compliance and environmental responsibility, as opposed to sending waste to Semenanjung for processing. Additionally, the facility is tailored to serve various industries and offers comprehensive waste management solutions, especially in the oil and gas sector.
“With the launch of this integrated scheduled waste management facility, we are promoting sustainable and responsible waste management. This initiative is a significant milestone in our commitment to protecting the environment and contributing to the well-being of our communities. It also aligns with Sabah’s broader efforts in creating over 150 job opportunities and conserving our natural resources. Through innovative approaches like the cradle-to-cradle concept and our advanced recovery and recycling technologies, we aim to maximise resource efficiency while minimizing environmental impact,” remarked Tuan Haji Muhamad bin Haji Tolling, Managing Director of Tex Evolusi Waste Management Sdn. Bhd.
Tex Evolusi Waste Management Sdn Bhd is excited to invest in this facility, which represents a substantial capital commitment of RM100.0 million, to usher in a new era for waste management in Sabah, which is expected to start construction in 2nd Half of 2024, and to be fully operational by Q4 2025. This significant investment underscores the company’s dedication to fostering industry development in the region while creating employment opportunities for skilled and semi-skilled workers. The facility’s innovative practices and advanced technologies are set to establish new benchmarks for waste management, paving the way for further exploration into other waste management areas, including municipal waste.
The facility’s overarching vision resonates with Sabah’s commitment to sustainable development goals, particularly in the realm of scheduled waste management. It is dedicated to mitigating environmental risks posed by scheduled waste and safeguarding the state’s pristine natural environment for future generations. Through proactive advocacy and strategic collaboration, the initiative aims to instill a culture of environmental responsibility specifically tailored to scheduled waste management practices across various industries operating in Sabah.
YAB Datuk Seri Panglima Haji Hajiji bin Haji Noor, the Chief Minister of Sabah, praised the launch of the integrated scheduled waste management facility, stating, “This facility represents a significant step in our journey towards a cleaner and more sustainable Sabah. By prioritising environmental, social, and governance (ESG) factors alongside economic growth, we are creating a pathway for a brighter, greener future for the state. This initiative not only aligns with our Sabah Maju Jaya vision, but it also supports our commitment to fostering sustainable practices across industries. We believe it will attract more foreign investors who share our ESG values.”
The successful establishment of this pioneering scheduled waste management facility owes much to the collaborative efforts of local governments and key stakeholders. Their invaluable contributions have been instrumental in bringing this project to fruition. Tex Evolusi Waste Management Sdn Bhd is fully committed to leveraging this success by further fostering partnerships and collaborations with stakeholders, with a primary aim of consolidating its position as a comprehensive waste management solution provider. Beyond its economic impact through job creation for skilled and semi-skilled workers, the facility also underscores a commitment to environmental stewardship by mitigating environmental risks.
SIG’s packaging innovation means ‘less plastic – more carton’
Nutifood, a leading Vietnamese dairy company, is opting for one of SIG’s latest packaging innovations – the highly convenient on-the-go SIG DomeMini carton bottle. The small-size carton pack will offer consumers in Vietnam all the convenience of a plastic bottle and the sustainability benefits of a carton pack.
Nutifood will launch its Varna brand premium adult nutrition milk in SIG DomeMini. Varna Colostrum offers a targeted nutrition formulation for adults to improve immunity. The introduction of this product in the on-the-go carton bottle SIG DomeMini, which is now available for the first time in Southeast Asia, marks a pivotal shift, as in the past Varna products have only been available in plastic bottles. The transition to a bottle-shaped carton pack provides a solution that offers a better plastic-to-product ratio, while also standing out to consumers with its sleek and distinctive design.
Mai Thanh Viet, Vice President (Marketing) at Nutifood: “We are leading the way, not only with our innovative products, but also with our sustainable packaging choices. Switching from plastic bottles to the SIG DomeMini carton bottle sets a new precedent in Vietnam for captivating and sustainable on-the-go packaging. We are fostering a new era of responsible consumption, empowering our consumers to make more eco-conscious choices, without any compromise on convenience while they enjoy their favorite beverage on the move.”
SIG DomeMini offers a uniquely ergonomic and eye-catching design. The central SIG DomeMiniCap can be easily opened and closed by adults of all ages, resealed and easily stored for use at different times of the day.
The main material of the SIG DomeMini carton bottle, designed for full recyclability, is FSC™-certified paperboard made of forest-based renewable material. SIG DomeMini is manufactured using 100% renewable electricity and has a lightweight and space-saving design.
Angela Lu, President & General Manager Asia Pacific at SIG: “The market for on-the-go beverages offers immense potential and our SIG DomeMini carton bottle captures perfectly the ‘paperization’ trend for less plastic packaging. We work together with Nutifood to bring more sustainable packaging solutions to the market in Southeast Asia.”
The SIG DomeMini 12 Aseptic filling machine is capable of aseptically filling 12,000 packages per hour – in a total of seven volume sizes from 180 to 350 ml on one and the same filling machine with volume change in just 15 minutes. This maximizes efficiency and flexibility, providing an excellent return on investment for beverage manufacturers.
About SIG SIG (FSC™ trademark license code: FSC™ C020428) is a leading solutions provider of packaging for better – better for our customers, for consumers, and for the world. With our unique portfolio of aseptic carton, bag-in-box, and spouted pouch, we work in partnership with our customers to bring food and beverage products to consumers around the world in a safe, sustainable, and affordable way. Our technology and outstanding innovation capabilities enable us to provide our customers with versatile packaging systems and solutions for innovative products and smart operations, all to address the ever-changing needs of consumers. Sustainability is integral to our business and guides us on our journey to create packaging for better – packaging that gives more to people and the planet than it takes out.
Founded in 1853, SIG is headquartered in Neuhausen, Switzerland, and is listed on the SIX Swiss Exchange. The skills and experience of our approximately 9,000 employees worldwide enable us to respond quickly and effectively to the needs of our customers in over 100 countries. In 2023, SIG produced 53 billion packs and generated €3.2 billion in revenue. SIG also has an AA ESG rating by MSCI, a 13.9 (low risk) score by Sustainalytics, Platinum CSR rating by EcoVadis, and is included in the FTSE4Good Index. For more information, visit our website.
For insights into trends that drive the food and beverage industry, visit the SIG blog
Picture caption: Nutifood, a leading Vietnamese dairy company, is opting for one of SIG’s latest packaging innovations – the highly convenient on-the-go SIG DomeMini carton bottle. The small-size carton pack will offer consumers in Vietnam all the convenience of a plastic bottle and the sustainability benefits of a carton pack. Nutifood will launch its Varna brand premium adult nutrition milk in SIG DomeMini.
