The 7th edition of the Greening ASEAN: Initiatives and Leadership (“GAIL”) forum is set to take place on 25 June 2024 at the Suntec Singapore Convention & Exhibition Centre. Business and Industry leaders, as well as sustainability domain experts, gather to share actionable insights and strategies to drive ASEAN’s Green Future. The forum will be graced by Mr Chee Hong Tat, Singapore’s Minister for Transport and Second Minister for Finance, as the Guest-of-Honour.
The GAIL forum aims to facilitate the sharing of expertise, experience, and practical strategies for businesses and other stakeholders within ASEAN to respond to the region’s growing call for sustainable development. Attendees will be able to hear directly from business and industry leaders as well as sustainability domain experts as they share their insights and experience on future-proofing SMEs for sustainability, integrating ESG at Board level, and navigating the carbon economy with strategies and cutting-edge technologies.
Kaylee Kwok, Chairman of ONERHT Foundation, said, “For businesses, sustainability transcends being just a necessity. By its impact on the physical environment, supply chains, natural resources, on the general population, and the economic environment, it has become a fundamental issue for businesses on which their viability and success depend. GAIL serves as a crucial platform for promoting sustainable practices throughout ASEAN.”
A key highlight of event will be a fireside chat with Mr. Vivek Kumar, CEO of Worldwide Fund for Nature (WWF) Singapore.
Abe Jacob, Director of RHT Green, said, “Sustainability isn’t just a choice; it’s a shared responsibility for our future, and we are passionate about educating and empowering individuals to make sustainable choices. GAIL serves as a reminder that through regional collaboration, we can achieve significant progress towards achieving net zero.”
Recognising the importance of sustainability in addressing climate change, adverse social and community impact, and corporate governance issues, ONERHT Foundation launched the GAIL initiative at the 2018 annual RHT ASEAN Summit. Today, GAIL has become a much-anticipated annual event for the region’s business and industry leaders looking for actionable insights and strategies to advance their sustainability goals.
GREENING ASEAN: INITIATIVES & LEADERSHIP (GAIL) will facilitate the sharing of expertise, experience and practical strategies with the aim of helping the ASEAN businesses and other stakeholders gain the confidence and capabilities to embed and grow sustainability into their business models.
For more information and to register for the ONERHT Foundation GAIL Forum 2024, please visit: GAIL 2024 https://www.gail2024.com/#/lang=en
ONERHT Foundation Ltd
A Singapore registered charity and grant-making philanthropic organisation, ONERHT Foundation Ltd (“Foundation”) enables RHTLaw Asia LLP and the RHT Group of Companies (collectively, “ONERHT”) to do right and do good through various charitable endeavours.
Set up by ONERHT in 2015, the Foundation was registered as a Singapore charity by the Commissioner of Charities and a grant-making philanthropic organisation by the Inland Revenue Authority of Singapore on 16 September 2016 and 28 November 2016 respectively.
The Foundation seeks to establish, inspire and encourage the right philanthropic culture among the corporate and legal fraternity of giving back to the community in a focused, hands-on and meaningful manner. Since its inception, the Foundation has raised more than S$5 million to support more than 30 beneficiaries involved in education, the environment and sustainability, disadvantaged groups as well as the arts and sports.
CropLife Asia and the EU-ASEAN Business Council have jointly released a report on the sustainability of food systems in ASEAN. The report titled “Report on ASEAN Food Systems Sustainability,” draws on discussions from the first ASEAN Food Systems Sustainability Workshop that was held in Jakarta in November 2023. This report provides an analysis of the current challenges and opportunities facing agriculture and crop production in Southeast Asia, underscoring the need for region-specific solutions in light of global sustainability trends.
“This report is a call to action for countries in Southeast Asia to ensure national agricultural strategies address national needs and realities,” said Dr. Siang Hee Tan, Executive Director, CropLife Asia. “Realizing safe, secure and sustainable regional food systems requires balancing increased productivity with environmental protection and economic viability for our smallholder farmers. We can and must work together to make certain Southeast Asia’s smallholders have access to innovative technologies enabling greater food production with fewer natural resources and less impact to the world around us.”
The report sheds light on the effects of rising population growth and food demand in Southeast Asia. The region is expected to have nearly 30 million more people in 2030 compared to the European Union. This projection highlights the need for innovative approaches that help provide a reliable and affordable food supply. Another key finding from the report is the growing climate change impact to the region’s agricultural sector including lower yields, increased risks from extreme weather events and the continued spread of pests and diseases. The region’s unique tropical climate as well as soil condition further contributes to these agricultural challenges.
“We live in a world where food security, improving the nutritional value of the food we produce, and raising rural incomes are all of increasing importance and are all equally key sustainability measures. And, we have to do this whilst also taking care of and protecting our natural environment. As this report highlights, these things can be done together, in balance,” said Chris Humphrey, Executive Director, EU-ASEAN Business Council.
The report also provides insight into the key crop export landscape in ASEAN and how the stringent agricultural and environmental policies of the EU Green Deal could hinder productivity and sustainability in the region. Additionally, the report emphasizes the role and relevance in the region of agricultural innovations including digital solutions for food distribution, training farmers in efficient farming techniques and the use of gene-editing and crop protection technologies.
CropLife Asia is a non-profit society and the regional organization of CropLife International, the voice of the global plant science industry. We advocate a safe, secure food supply, and our vision is food security enabled by innovative agriculture. CropLife Asia supports the work of 15 member associations across the continent and is led by six member companies and one associate member company at the forefront of crop protection, seeds and/or biotechnology research and development. For more information, visit us at www.croplifeasia.org.
About EU-ASEAN Business Council
The EU-ASEAN Business Council (EU-ABC) is the primary voice for European businesses within the ASEAN region and is the only organisation that operates in the intersection of the private and public sectors between ASEAN and Europe. We are formally recognised by both the European Commission, and we are an accredited entity under Annex 2 of the ASEAN Charter.
Independent of both bodies, the Council has been established to help promote the interests of European businesses operating within ASEAN and to advocate for changes in policies and regulations which would help promote trade and investment between Europe and the ASEAN region. As such, the Council works on a sectorial and cross-industry basis to help improve the investment and trading conditions for European businesses in the ASEAN region through influencing policy and decision makers throughout the region and in the EU, as well as acting as a platform for the exchange of information and ideas amongst its members and regional players within the ASEAN region
For more information please contact: Duke Hipp Director, Public Affairs & Strategic Partnerships CropLife Asia duke.hipp@croplifeasia.org
The Hashgraph Association, a Swiss-based association and leader at the forefront of digital enablement on the Hedera network, today announces the launch of a groundbreaking Sustainability Venture Studio for Enterprises, in collaboration with Inacta Ventures, a renowned Swiss and UAE Web3 venture builder.
Under The Green Block Initiative, a global think tank and launchpad for sustainability projects launched during COP28 in UAE, the joint Sustainability Venture Studio aims at empowering sustainable projects around the globe, leveraging the Hedera Guardian as the balance sheet of the planet that enables fair carbon markets with industry leading trust and transparency.
The Hedera Guardian is an open-source platform that uses the Hedera distributed ledger technology (DLT) network to enable digital sustainability policies and requirements-based dMRV (Digital Measurement, Reporting, and Verification) tokenization for carbon credits and reduces fraud in the ESG market.
The $50 million Sustainability Venture Studio will focus on enabling auditable climate finance transactions that are easily verifiable, publicly transparent, and accurate. This global co-investment sustainability program will span over the next five years, with The Hashgraph Association investing $25 million, contributing to 50%, while the remaining $25m co-investment reserved for enterprises interested in developing sustainability use cases on the Hedera Guardian.
By combining resources and specialist expertise in sustainability and Web3, this unique partnership is set to revolutionize the way sustainability projects are funded and executed around the world, ensuring a long-term positive environmental, social, and governance (ESG) impact.
Kamal Youssefi, President of The Hashgraph Association stated, “With The Green Block Sustainability Venture Studio, we are creating standards for reporting sustainability assets to ensure credibility and accuracy using the Hedera Guardian platform as the balance sheet of the planet, while leveraging the Hedera network as the world’s greenest distributed ledger network.”
He added, “We look forward to further growing the global ESG ecosystem that is being built on the Hedera Guardian, introducing certainty, credibility, and comparability of data.”
Ralf Glabischnig, Founder of Inacta Ventures, noted, “We are thrilled to integrate the Sustainability Venture Studio into The Green Block Initiative. This collaboration with The Hashgraph Association will accelerate the development and implementation of sustainable projects in The Green Block ecosystem worldwide.”
Hedera, known and proven as the greenest DLT in the market, according to the UCL Centre for Blockchain Technologies research paper, continues to uphold its promise of sustainability. This new venture studio focused entirely on sustainability use cases not only reflects its commitment through developing various projects but also paves the way for innovative solutions in the sustainability sector.
About The Hashgraph Association (THA)
The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, including funding training, innovation, and venture building programs globally. As a non-profit organization headquartered in Switzerland, The Hashgraph Association supports and funds innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact. For further information about The Hashgraph Association, visit www.hashgraph-association.com.
Inacta Ventures is at the forefront of the WEB3 revolution, building on three key pillars: Ecosystem Development, Venture Building, and Smart Capital. As a leading venture builder and network enabler, we specialize in connecting startups and corporates to unlock the potential of WEB3 technologies. Based in the dynamic ecosystems of Crypto Valley in Switzerland and Crypto Oasis in UAE, we provide the essential resources and expertise to build, deploy, and scale breakthrough WEB3 products, enabling enterprises and our 100+ portfolio companies to unlock their potential.
The Green Block is an initiative to create an Ecosystem for Environmental, Social, and Governance (ESG) related Blockchain projects and platforms which include Blockchain and AI technologies. The Ethos of the Green Block is to create a landscape that helps showcase, promote and flourish Web3 initiatives in the Environmental, Social and Governance (ESG) field for sustainability. This initiative took root along with the road to COP28, and transformed into a bigger and more global scale by June 2024.
The End of Financial Year (EOFY) season is almost here, and it’s the perfect time to score unbeatable deals on your favorite tech gadgets. This year, BLUETTI, a global leader in the clean energy industry, is offering exceptional discounts of up to 37% off on portable power stations, solar generator bundles, and large home batteries from June 1 to June 30. Whether you love outdoor adventures, want to save on energy costs, or need reliable backup power, BLUETTI has you covered.
Stay Prepared and Powered Up with BLUETTI As temperatures drop, our energy demands rise. Heating systems work overtime, leading to higher electricity bills and increased stress on the power grid. Now is the ideal time to upgrade your energy system with BLUETTI’s dependable and eco-friendly solutions, ensuring you stay warm and your devices remain powered without breaking the bank.
BLUETTI EOFY Sale Top Picks: AC180 and AC200L Power Stations
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BLUETTI AC200L: Expandable Capacity for Every Need Now $2,399 (was $2,799) Power shortages can ruin outdoor adventures or disrupt work at home. The BLUETTI AC200L portable generator, with its massive 2,048Wh capacity and powerful 2,400W output, ensures you have reliable power for your home, camper, workshop, and beyond. It can run a 150W fridge for up to 11 hours on a single charge and features 10 output ports to power all your needs.
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BLUETTI EP760 Battery System: CEC-Certified Home Energy Solution
Beyond portable power, BLUETTI provides comprehensive home energy solutions like the EP760. Certified by the Clean Energy Council (CEC), the EP760 meets Australia’s stringent safety and technical standards, ensuring you’re investing in a reliable product.
The EP760, paired with several B500 batteries, offers a customizable battery setup for any home. It can intake 9,000W of solar power and store it for use anytime, reducing household energy costs. As electricity prices climb and extreme weather events frequent, having a clean energy storage system can significantly cut your bills and provide peace of mind during outages.
Seize the EOFY Deals with BLUETTI This EOFY, take advantage of BLUETTI’s incredible up to 37% discount and invest in top-tier clean energy products. Plus, you can get more from BLUETTI! Join BLUETTI’s lucky draw wheel, participate in social media giveaways, or simply subscribe to BLUETTI’s newsletter for generous gifts.
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.For more information regarding BLUETTI products, please visit our homepage at https://www.bluettipower.com.au/
LOOP AND REED MANAGEMENT SAS (REED) SIGN AGREEMENT FOR €35 MILLION IN FINANCING TO CONTRIBUTE TO THE GLOBAL COMMERCIAL ROLLOUT OF THE INFINITE LOOP™ TECHNOLOGY
LOOP AND REED TO FORM JOINT VENTURE TO COMMERCIALIZE LOOP’S TECHNOLOGY ACROSS EUROPE
PARTNERSHIP IN LINE WITH LOOP’S STRATEGY OF DEPLOYING CAPITAL IN LOW-COST MANUFACTURING COUNTRIES SUCH AS INDIA AND HAVE A MORE ASSET-LIGHT MODEL FOCUSED ON LICENSING ITS TECHNOLOGY IN HIGHER COST COUNTRIES
Loop Industries, Inc.(NASDAQ:LOOP) (the “Company, Loop, we, us, or our), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, today announced that the Company and Reed, a European investment firm focused on high impact and technology-enabled infrastructure, have signed definitive binding agreements, subject to certain closing conditions, for an investment of €35 million from Reed to fund the global commercialization of the Infinite Loop™ technology and have agreed to form a 50/50 joint venture for the European deployment of Loop’s technology.
The signing of this agreement occurred subsequent to the Company’s fourth quarter and full fiscal year 2024 financial release and 10-K filing and is therefore being announced separately as a further update to these filings.
Under the terms of the agreement, which has been signed following the completion by Reed of extensive operational, technical, ESG, and legal due diligence, Reed will provide capital as follows:
€10M investment in a Convertible Preferred Security to be issued by Loop, which contains a 13% PIK dividend rate and 5-year term;
€25M loan to Loop in two equal tranches – first tranche to support global deployment opportunities paid at closing and second tranche to support European deployment opportunities paid in the following 12 months with both tranches having a 13% PIK interest rate and 3-year term;
Loop is also concurrently negotiating financing with a governmental agency in order to complete the Company’s required financing for its planned monomer facility in India.
The closing of the transaction is subject to the fulfillment of certain closing conditions, principally the conditions that (i) Reed shall have successfully completed its first capital raising for its fund; and (ii) Loop shall have received a binding financing commitment from a governmental agency.
The Company understands that Reed’s funding negotiations are progressing well. The Company also believes that its process to obtain the government funding is advancing positively. While there can be no assurance that the abovementioned closing conditions will be met, the Company currently anticipates that the transaction should close by the end of the second quarter of the current fiscal year.
Julien Touati, CEO of Reed, commented saying: “We are convinced at Reed that tackling global sustainability issues such as plastic pollution requires scaling up the best technologies globally and applying them to large-scale capital-intensive projects locally. Our partnership with Loop Industries is a fantastic illustration of how this approach comes into play. After months of active engagement, we have been more than impressed with Loop management’s vision as well as the reliability and versatility of Loop’s technology. We will serve as a trusted partner for European expansion and are deeply honored to support Loop’s scale up in an active manner alongside Daniel and his team.”
Daniel Solomita, Founder and CEO of Loop Industries, commented saying: “We are thrilled to form this strategic partnership with Reed, this partnership enhances our strategy of deploying capital in low-cost manufacturing countries such as India and focus more on an asset-light licensing model in higher cost countries such as in western Europe. In addition to providing the capital required for Loop’s equity commitment in India, this partnership also brings strategic support from Reed’s experienced leadership thanks to their in-depth industry experience as well as their established relationships with major financial institutions.”
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 U.S. Securities and Exchange Commission (“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 Annual Report on Form 10-K for the fiscal year ended February 29, 2024 filed with the SEC and in Loop’s subsequent filings with the 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
Water is the source of life. Its role is very essential for human life and the people’s development in a country. The development of water infrastructure is considered to play an important role in achieving this target.
The floating solar power plant (PLTS) in the Cirata Reservoir, West Java, Indonesia
In front of the heads of state present at the 10th World Water Forum (WWF) High Level Meeting (HLM) in Nusa Dua, Bali, Monday (May 20), Indonesian President Joko Widodo highlighted the achievements of his administration in building and strengthening domestic water infrastructure.
“In the last 10 years, Indonesia has strengthened its water infrastructure by building 42 dams; 1.18 million hectares of irrigation networks; and 2,156 kilometers of flood control and coastal protection; as well as rehabilitating 4.3 million hectares of irrigation networks,” the president noted in his opening speech.
The head of state then emphasized the important role of water, which is also utilized for a floating solar power plant (PLTS) in the Cirata Reservoir, West Java, as the largest floating PLTS in Southeast Asia.
He conveyed that the role of water is very central to human life as the World Bank research estimating that water shortages could slow down economic growth by up to six percent by 2050.
“Water scarcity can also trigger war and can be a source of disaster. Too much water or too little water can both be a problem for the world,” he remarked.
Hence, the 10th WWF is highly strategic to revitalize real action and joint commitment in realizing integrated water resources management.
The need to preserve local wisdom to treat water as a cultural value inherited from our ancestors is also important.
Widodo explained that the Subak irrigation system in Bali Province is a form of such local wisdom.
The water resources have important cultural value for Indonesian people, with the Subak irrigation system in Bali being practiced since the 11th century and recognized as a world cultural heritage.
Water for the community is the glory of God while highlighting the spiritual and cultural value of water that should be managed together. This is in line with the World Water Forum’s current theme of “Water for Shared Prosperity” which can be interpreted into three basic principles.
The principles are avoiding competition, prioritizing equality and inclusive cooperation, and supporting peace and shared prosperity. “All three can only be realized with one keyword, that is collaboration,” Jokowi stated.
Collaboration is actually needed to improve water quality and preserve its availability, amidst the threat of a water crisis. Not only the government, private sector, and academics, water management also needs to involve the younger generation.
The young generation could make a real contribution to maintaining the security and sustainability of water resources. The simplest ways were keeping plastic waste out of the ocean and saving water usage, said Cinta Laura, the Communications Ambassador for the 10th WWF, at the Media Center in Bali Nusa Dua Convention Center (BNDCC), Bali, on Monday, 20 May.
“Everyone’s involvement in water resources protection and conservation will bring a positive impact on the environment and of course the climate,” she said.
The youths could also help water preservation by spreading positive information about clean water conservation and disaster mitigation through various communication channels.
Water preservation and conservation from waste is a shared responsibility to ensure water sustainability for future generations.
Hence, the participation of all parties is needed to ensure water sustainability.
The 10th World Water Forum is taking place in Nusa Dua Bali from 18 to 25 May under the theme “Water for Shared Prosperity” and six sub-themes, namely Water Security and Prosperity, Water for Humans and Nature, Disaster Risk Reduction and Management, Governance, Cooperation and Hydro-diplomacy, Sustainable Water Finance, and Knowledge and Innovation.
Please contact: Director General, Public Information and Communications, Ministry of Communications & Informatics (KOMINFO), Usman Kansong, t: +62 81 678 5320, e: humas@mail.kominfo.go.id For daily WWF news and information, please visit https://infopublik.id.
Copyright ANTARA: https://en.antaranews.com. Distributed by the Ministry of Communication and Informatics (Kominfo).
Indonesia invites heads of state attending the 10th World Water Forum in Bali to take action to actualize inclusive and sustainable water management.
“This (forum) is meant to reaffirm our commitment and formulate concrete actions related to inclusive and sustainable water management,” President Joko Widodo (Jokowi) remarked at his opening on the forum’s High-Level Meeting on Monday.
At least four initiatives were proposed by Indonesia that are expected to be put forward in the forum’s first-ever ministerial declaration on May 21. These initiatives are World Lake Day, the establishment of a Center of Excellence on Water and Climate Resilience, integrated water resources management on small islands, and fundraising for water projects.
Water plays a critical role in human life and might be referred to as “the next oil” in the future, noting that water shortages could slow down economic growth by up to six percent by 2050.
Indonesia has been striving to strengthen its water infrastructure by constructing 42 dams and developing 1.18 million hectares of irrigation networks in the last decade. The country rehabilitated irrigation networks covering an area of 4.3 million hectares and developed 2,156 kilometers of flood control and coastal protection structures.
The government also utilizes the water surface in Cirata dam for the floating power plant in West Java Province.
“However, all these efforts are not enough. We can expect even more complicated issues related to water and sanitation in the future. We need to make similar efforts at the global level by involving countries, private actors, and civil society,” Widodo stated.
Indonesia’s effort is in line with the statement of the President of the World Water Council (WWC), Loic Fauchon, who invited the world community as the water warriors to achieve water security and solve world water problems.
“Be water warriors together. I want to call for the obligation to take care of nature and provide water for each other,” Fauchon said in his speech at the opening ceremony of World Water Forum’s 10th High-Level Meeting.
There are at least six efforts that WWC promotes to tackle water issues such as promoting water supply security policies at all levels, committing to changing behavior in achieving water sobriety, prioritizing the design and implementation of nature-based solutions for basins, admitting the right to water to national constitutions, Laws and local regulations.
Participating in the “Money for Water” Coalition, and ensuring more active, decentralized governance based on multilateral cooperation on water issues is also needed to tackle water issues.
“We need you, we want new ideas to write the future of water,” Fauchon remarked.
Indonesia hosts the 10th World Water Forum themed “Water for Shared Prosperity” held on 18-25 May 2024.
The High-Level Meeting was attended by world leaders, including Tajikistan Prime Minister (PM) Qohir Rasulzoda, President of Sri Lanka Ranil Wickremesinghe, President of Fiji Ratu Wiliame Maivalili Katonivere, Deputy Prime Minister of Malaysia Dato Sri Haji Fadillah Bin Haji Yusof, and Deputy Prime Minister of Papua New Guinea John Rosso.
The other attendees comprised President of the World Water Council (WWC) Loïc Fauchon; United Nations (UN) General Assembly President Dennis Francis; former Hungarian president Janos Ader; French special envoy Barbara Pompili; and Dutch special envoy Meike van Ginneken.
Please contact: Director General, Public Information and Communications, Ministry of Communications & Informatics (KOMINFO), Usman Kansong, t: +62 81 678 5320, e: humas@mail.kominfo.go.id For daily WWF news and information, please visit https://infopublik.id.
Copyright ANTARA: https://en.antaranews.com. Distributed by the Ministry of Communication and Informatics (Kominfo).
Loop Industries, Inc. (Nasdaq:LOOP) (the Company or Loop), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (PET) plastic and polyester fiber, today announced its collaboration with On, the Swiss sportswear brand, and unveiled the launch of the Cloudeasy Cyclon shoe. This innovative shoe, part of On’s Circular Cyclon™ program, is a groundbreaking achievement in sustainable footwear, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.
Photo: The Cloudeasy Cyclon shoe, featuring an upper crafted from yarn made with Loop’s 100% recycled polyester fiber using the Infinite Loop™ fiber-to-fiber recycling technology.
This collaboration combines On’s commitment to performance and sustainability with Loop’s disruptive technology to manufacture a shoe that is not only manufactured with recycled polyester fiber but can also be recycled into new shoes endlessly. This closed-loop system minimizes waste and maximizes sustainability, setting a new standard for environmentally responsible footwear manufacturing. Coloured, multi-material textile waste that was destined to be incinerated was diverted and upcycled into recycled polyester fiber and used in the upper of the Cloudeasy Cyclon shoe. The recycled polyester fiber was created from purified rDMT and rMEG monomers that were manufactured at Loop’s depolymerization facility in Terrebonne, Quebec, which were then polymerized into 100% recycled virgin quality Loop™ PET resin by Loop’s strategic partner, Ester Industries Ltd. On is the first footwear company to launch a shoe using the Infinite Loop™ fiber-to-fiber recycling technology.
The Cloudeasy Cyclon represents a new era of sustainable footwear and sets a precedent for circularity in the industry. The Infinite Loop™ technology not only reduces reliance on virgin materials produced from fossil fuels but also significantly cuts down carbon emissions by up to 79%1. Together with Loop, On is setting a new benchmark and standard for sustainable footwear, leading the way towards a circular future for the footwear and textile industry.
“We are excited to collaborate with Loop Industries as we take this significant next step in our circularity journey,” said Begüm Kürkçü, Director of Sustainability at On. “This latest expansion of the Cyclon program brings us closer to our long-term vision of becoming circular through design and business models.”
Daniel Solomita, Founder and CEO of Loop Industries, commented ” Our collaboration with On is a prime example that demonstrates the power and impact of fiber-to-fiber recycling, and showcases how polyester fiber waste can be transformed into virgin quality, recycled materials for new products. Our Infinite Loop™ technology enables brands to lower their carbon footprint without impacting quality or performance and helps pave the way for a more circular approach to manufacturing.”
The Cloudeasy Cyclon is available online through On’s subscription service Cyclon™ at www.on.com/cyclon
To view the press release issued by On, please click on the following link:
About On On was born in the Swiss Alps in 2010 with the mission to ignite the human spirit through movement – a mission that still guides the brand today. Fourteen years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel and accessories for high-performance running, outdoor, training, all-day activities and tennis. On’s award-winning CloudTec® innovation, purposeful design and groundbreaking strides within the circular economy have attracted a fast-growing global fan base – inspiring humans to explore, discover and Dream On.
On is present in more than 60 countries globally and engages with a digital community on www.on.com.
1 Life Cycle Assessment of Loop GEN II Infinite Loop France done by Franklin Associates, a division of ERG, compares kg for kg Loop PET vs. Virgin PET. CO2 savings are compared to the production of virgin PET made from fossil fuels and the avoided incineration of waste used as a feedstock.
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 Loop Industries Collaborates With on and Unveils Launch of the Cloudeasy Cyclon, a Shoe Manufactured With the Infinite Loop™ Fiber-To-Fiber Recycling Technologyour 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
Upcycling art and homeware exhibition showcases novel and useful ways recycled plastics can add function and interest to our lives whilst promoting greener habits
Spritzer, Malaysia’s leading mineral water brand, is excited to present “Plastic Reimagined,” an interactive and educational experience to inspire Malaysians to see plastic waste in a new light and raise awareness about recycling. Visitors to the 5-day event will have the opportunity to get up-close and personal with upcycled items and participate in a variety of exciting activities.
Second life of Recycled Plastic Bottles Process
This immersive event will be happening from May 22nd to 26th, 2024, at IOI City Mall in Putrajaya. Event highlights include the Spritzer upcycling art exhibition and a series of engaging activities designed to inform the public about the importance of recycling and the potential second life of recycled plastics.
Spritzer’s ‘Plastic Reimagined’ event represents a bold step towards a future rooted in sustainability and circularity, particularly in encouraging individuals to view plastic waste as a resource rather than refuse. By showcasing creative recycling methods and the potential of plastic, the event aims to transform the perception of waste, especially plastic waste, and demonstrate how every piece of plastic can be given a second life by turning it into something beautiful or functional. The ultimate goal of the campaign is to foster sustainable mindsets among Malaysians.
Spritzer’s goal is to become a fully circular brand by 2030 and the company has been actively seeking new ways to integrate sustainable practices into their business and lifestyle. They are also leading innovation in packaging by using recycled materials (rPET), with the packaging being 100% recyclable. ‘Plastic Reimagined’ is part of Spritzer’s ongoing efforts to change perceptions and aims to facilitate a shift towards more eco-friendly mindsets, where every piece of plastic has a purpose and a second life.
To that end, visitors to the ‘Plastic Reimagined’ event can look forward to a diverse range of activities and exhibits, including:
Plastic Bottles Recycling: Bring any 3 used plastic items, such as Spritzer bottles, to recycle and receive a complimentary Spritzer tote bag.
Exploring the Second Life of Recycled Plastic & Interactive Showcase: Learn how recycled plastics are processed and upcycled through engaging displays, providing a first-hand look at how plastics are transformed.
Succulent Planting Workshops: Learn sustainable practices through succulent planting workshops using recycled materials to incorporate eco-friendly techniques at home and in the garden.
Upcycling Art Exhibition: Experience stunning art installations made from recycled Spritzer plastic bottles by homegrown artists, showcasing the endless creative possibilities of upcycling. The featured artists include:
CO2_karbondioksida by Celine Tan & Oscar Lee: Husband-and-wife duo from Muar, Johor. Celine Tan and her husband, Oscar Lee, created the Co2 art collective in response to the urgent need to raise awareness about the significance of producing less waste for the welfare of the earth. They are renowned for constructing colossal recycled marvels.
Artsy Daphy: Celebrated for her vibrant works fusing traditional and contemporary styles, Artsy Daphy explores local heritage while promoting environmental awareness.
Mereka by Biji-Biji Group: Mereka designs and implements training programs to inspire and equip future leaders in various industries. At the core of Mereka is a commitment to sustainability, incorporating eco-friendly practices and technologies that support innovative projects and environmental sustainability.
The ’Plastic Reimagined’ campaign is part of Spritzer’s ongoing efforts to drive positive change and contribute to a more sustainable future for Malaysia. By engaging the community through interactive experiences and thought-provoking art, the brand aims to shift mindsets and behaviours towards a more conscious and responsible approach to plastic waste management.
Plastic Reimagined is open to the public from 22nd to 26th May between 10AM and 10PM at the Ground Floor, West Court of IOI City Mall in Putrajaya
Please download the high-res images from this link.
About Spritzer: Established in 1989, Spritzer Group has been a pioneer in providing Malaysians with natural mineral water sourced from a 440-acre green rainforest. Committed to innovation, Spritzer Group leads the Malaysian bottled water industry through manufacturing, distribution, marketing, and sales of its diverse product line. From renowned natural mineral water to refreshing non-carbonated fruit-flavoured drinks, each product is carefully crafted to meet consumer needs.
Comprising eight business subsidiaries, Spritzer Group specializes in the production and distribution of silica-rich natural mineral water, sparkling natural mineral water, distilled drinking water, carbonated fruit-flavoured drinks, and non-carbonated fruit-flavoured drinks.
With over 30 years of experience, Spritzer Group is Malaysia’s largest and only listed bottled water producer. For more information, please visit www.spritzer.com.my.
For media enquiries please contact: Hema Rengasamy Senior Executive Narro Communications T: +6019-718 0410 E: hema@narrocomms.com
Dairy manufacturer International Dairy Products JSC (IDP) is offering a dairy product with jelly pieces in SIG XSlimBloc carton packs under its popular KUN brand, providing nutritious ready-to-drink milk for kids. This is made possible by SIG’s Drinksplus technology integrated into the SIG XSlim 24 Aseptic filling machine.
Dairy manufacturer International Dairy Products JSC (IDP) is offering a dairy product with jelly pieces in SIG XSlimBloc carton packs under its popular KUN brand, providing nutritious ready-to-drink milk for kids. This is made possible by SIG’s Drinksplus technology integrated into the SIG XSlim 24 Aseptic filling machine. (Photo: SIG)
Meeting the growing demand in Vietnam for high-quality dairy offerings to kids, KUN’s nutritious dairy range in 125ml and 180ml on-the-go SIG XSlimBloc carton packs is available in three flavors: Malt, Orange and Strawberry. Formulated specially for kids, KUN milk contains more vitamins (K2, A, D3, Choline, Beta Glucan, Zinc Lactate). With bite-size pieces of jelly, dietary fiber is added to the milk to aid in digestion. Drinking milk with jelly also appeals to kids, making it a multisensory drinking experience.
My Phan Ngoc, Marketing Director at IDP: “Our expanded KUN range is designed to offer kids a distinctive drinking experience. Leveraging the innovative packaging solution and filling technology from SIG, our consumers can now enjoy healthy and delicious milk with added value, sip by sip.”
The 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.
SIG’s Drinksplus technology allows F&B manufacturers to aseptically fill carton packs with beverages containing nutritious real bits of fruits, vegetables, grains or chewable pieces, such as jelly. SIG uses an advantageous sleeve system, where each carton pack is individually shaped, filled and ultrasonically sealed above the filling level, not through the actual product. This guarantees the aseptic safety of the product. Drinksplus products with perceptible pieces can be filled on standard SIG filling machines for beverages, once equipped with an easy-to-install ‘Drinksplus upgrade kit’. The products can be stored at room temperature for an extended period of time without losing its quality or flavor. The SIG Drinksplus technology provides the advantage of adding up to ten per cent particulate content like jelly into beverage products and to fill them aseptically into SIG carton packs. The bits can be up to six millimeters in length and width and ensure that drinking is fun.
Kha Vo Xuan Minh, Country Manager Vietnam at SIG: “With our flexible filling technology, our customers are well positioned to respond to consumer demands shaping the market. We are excited to see the first Drinksplus product filled in SIG XSlimBloc carton packs and look forward to bringing more innovative packaging solutions to the market.”
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.
