PARIS, FRANCE: TotalEnergies and Veolia have joined forces to accelerate the development of microalgae cultivation using CO2, a news release said. The two partners will pool their know-how to develop a four-year research project at the La Mède biorefinery, operated by TotalEnergies, with the long-term goal of producing biofuel. Through photosynthesis, microalgae use sunlight and…
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Steen & Strøm divests shopping center Farmandstredet for NOK1.8 billion
OSLO: NORWAY: Steen & Strøm has entered into an agreement for the sale of the shopping center Farmandstredet (Tønsberg), a news release said. Farmandstredet is 100% owned by Steen & Strøm AS. The sale is based on a property value of NOK 1.8 billion, and is structured as a share deal. The buyer is Aurora…
Norske Skog expands partnership with Ocean GeoLoop to become carbon net negative
OSLO, NORWAY: Norske Skog has expanded its partnership with Ocean GeoLoop to support development, testing and commercialisation of their highly promising Carbon Capture, Storage and Utilisation (CCS/CCU) technologies, a news release said. Through this partnership, Norske Skog aims to pursue the opportunity to become CO2 net negative, and to explore economically viable models for utilisation…
TECO 2030 and Implenia receive public funding for developing zero-emission construction site solutions
LYSAKER, NORWAY: TECO 2030 and infrastructure contractor Implenia Norway have been granted funding by the Norwegian state enterprise Enova to jointly develop and pilot hydrogen-powered solutions that will eliminate emissions at construction sites. The support granted by Enova amounts to NOK 15.6 million and will be provided over a period of 2.5 years, from September…
CEO of Quantafuel, Kjetil Bøhn stepping down
OSLO, NORWAY: The CEO of Quantafuel ASA, Kjetil Bøhn, has informed the board that he will step down from his position as CEO. As the company is now in a new phase, the board and Kjetil Bøhn have over time had an ongoing process planning the company’s future management structure, opening up for a more…
Aker Solutions awarded FEED contract for LNG terminal in India
OSLO, NORWAY: Aker Solutions has signed a contract with Crown LNG for front-end engineering and design (FEED) for the Kakinada LNG regassification project offshore India. The order includes an option for engineering, procurement, construction, installation, and commissioning (EPCIC) of the LNG terminal, that will be confirmed upon final investment decision which is expected by the…
Aalberts executes divestment programme
UTRECHT, NETHERLANDS: Aalberts N.V. has reached an agreement to divest 100% of the shares of Lasco Fittings, Inc., based in Brownsville (Tennessee, USA), generating an annual revenue of approximately USD 150 million with 575 FTE and Adex B.V., based in the Netherlands, generating an annual revenue of approximately EUR 10 million with 50 FTE. Both…
MobilePay, Vipps and Pivo merge to create Europe’s most comprehensive digital wallet
OSLO, NORWAY: Danske Bank A/S has entered into an agreement with OP Financial Group in Finland and the consortium of banks behind Vipps in Norway to merge the three mobile payment providers MobilePay, Vipps and Pivo. The banks behind Vipps will own 65% of the new parent company, Vipps AS, Danske Bank will own 25%…
CSAM Health Group acquires Optima Corporation for $2.75 million
OSLO, NORWAY: CSAM Health Group AS has signed a deal to acquire eHealth player Optima Corporation Ltd from USA-based R1 RCM in a $2.75 million cash deal, a news release said. With the acquisition of Optima Corporation, CSAM Health Group will bring market-leading Optima products, impressive customer base and skilled teams in Auckland, New Zealand,…
Norway’s new airline Flyr makes debut flight
OSLO, NORWAY: The airline Flyr’s first ever commercial flight took off from Oslo Airport on Wednesday at 11:30am, headed to the city of Tromsø. Minister of Transport Knut Arild Hareide took part in the celebration, a news release said. “We have been looking forward to this day for months now. Today’s milestone would not have…
Bergen Carbon Solutions signs cooperation and supplier with Jackon AS
BERGEN, NORWAY: Bergen Carbon Solutions AS announced a Letter Of Intent (LOI) with Jackon AS (Jackon) for a carbon nano-fiber cooperation and a potential EcoNano supplier agreement, a news release said. “We´re excited to announce an LOI with Jackon, highlighting the strong interest for Bergen Carbon Solutions’ green carbon-nanofiber product across industries. Under the LOI…
Entra ASA and Linstow acquire 33.3% shares of Oslo S Utvikling AS for NOK 950 million
OSLO, NORWAY: Entra ASA and Linstow entered into an agreement to acquire Bane NOR Eiendom’s 33.3% share of Oslo S Utvikling AS (OSU) for NOK 950 million (NOK 475 million for Entra’s share). After the transaction Entra and Linstow will each hold 50% of Oslo S Utvikling AS (OSU). OSU was established in 2001 and…