Latest press releases in English

Drewry: Tanker Shipping Stocks Volatile in 2023

Drewry

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/INS So far, the year 2023 has been very volatile for stocks of crude tanker shipping companies. Drewry Crude Tanker Index rallied at the beginning of the year, followed by a declining trend between the latter half of March and June. However, the index is on an uptrend from July on the back of better-than-expected economic data from the US and a robust demand outlook for crude oil. Overall, the index jumped 26.6% YTD and outperformed the broader S&P 500, which gained 13.8% YTD.

ABB expands partnership with Northvolt to electrify the world’s largest battery recycling facility

ABB

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/INS.  ABB and Northvolt are further strengthening their long-standing collaboration in the field of green batteries, an increasingly critical part in the ongoing energy transition.

JD Steel’s ambitious expansion plan

JD Steel

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/INS.  JD Steel Industries is set to undertake a substantial expansion of its hot billets/MS billets/ingots unit at Industrial Growth Centre Borai in Rasmada, Durg district of Chhattisgarh, ramping up its capacity from 29,200 tpa to 1,98,000 tpa.

Fuelling change: ONGC’s drive for a low-carbon India

ONGC

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/INS.  Maharatna oil PSU, Oil and Natural Gas Corporation (ONGC), is committed to a profound transformation into a low-carbon energy player, investing Rs one lakh crore by the end of this decade. The investment will be channelled into diverse low-carbon energy opportunities, including renewables and green hydrogen. ONGC is actively aligning itself with India’s carbon reduction goals.

Vestas Wins 50 MW Order in Spain

Vestas

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/INS Vestas has received a 50 MW order for a wind project to be located in the northwest of Spain. The order has been placed by Sinia Renovables, the investment arm of Banc Sabadell specialized in renewable power and climate transition assets. The contract includes the delivery of 11 V136-4.5 MW wind turbines, as well as a 25-year Active Output Management 4000 (AOM 4000) service agreement.

Infinited Fiber Company and SOEX sign agreement on textile waste feedstock for Infinited Fiber´s Flagship Factory

Infinited Fiber Company

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/INS.  Infinited Fiber Company´s work to build the first commercial-scale Infinna™ fiber factory  progresses steadily . Since the announcement of the planned Flagship factory in 2021, the company has been building a supplier network for textile waste feedstock, partnering with forerunning textile sorters across Europe. In March, Infinited Fiber signed a three-year agreement with SOEX, a leading German textile sorting and recycling group. One of Infinited Fiber´s key suppliers and a major player in the recycling market, SOEX is well positioned to provide the Flagship factory with an annual supply of up to 5000 tons of post-consumer textile waste. Infinited Fiber´s patented technology turns cotton-rich textile waste into high-quality, circular textile fiber Infinna™ for world´s leading apparel brands. 

Wallenius Wilhelmsen’s next generation vessels are coming

Wallenius Wilhelmsen ASA

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/INS.   Wallenius Wilhelmsen has signed a letter of intent for four next generation vessels (and up to eight optional units of 9,350CEU class methanol dual fuel pure care and truck carriers) with Jinling Shipyard (Jiangsu) . These vessels, employing cutting-edge methanol dual-fuel technology, underline the company's resolute commitment to industry leadership and environmental responsibility.

Amarinth overhauls safety critical oil containment skid

Amarinth

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/INS. Amarinth has been contracted by Wood to overhaul the three oil containment skid packages managed and operated by Oil Spill Response Limited.

Unveiling Candela C-8 Polestar edition

Candela Speed Boat AB

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/INS.  We are thrilled to announce the newest breakthrough from the partnership between us at Candela and  Polestar , two brands pushing the boundaries of premium electric mobility. Our latest collaboration presents a combination of iconic design and an unmatched electric performance at sea, the Candela C-8 Polestar edition.

enfinium and ENI UK sign carbon capture and storage agreement, advancing decarbonisation efforts in North Wales

enfinium

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/INS.  enfinium’s Parc Adfer facility could deliver hundreds of thousands of tonnes of high-quality carbon removals from the late 2020s