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…
BacTech seeks engineering consultant for independent feasibility study
TORONTO, CANADA: BacTech Environmental Corporation is now evaluating potential engineering companies to conduct an independent Feasibility Study (FS) for the company’s Ponce Enriquez Bioleaching Project. The FS will consider sample collection and final test work results to produce detailed plans and estimates that encompass plant design, constructability, and scheduling. The study will be used to…
X5 Group launches media platform, Food.ru
MOSCOW, RUSSIA: X5 Group has launched its own food.ru media platform, a news release said. In addition to featuring entertaining and educational content that focuses on the most popular food-related activities, the platform will enable users to search for recipes, take cooking classes, learn about healthy eating, find the right products and more. The platform…
Chevron Phillips joins Agilyx and ExxonMobil as a founder member of Cyclyx
PORTSMOUTH: Cyclyx International, a consortium feedstock management joint venture founded by Agilyx and ExxonMobil, announced that Chevron Phillips Chemical Company LLC (CP Chem), has joined Cyclyx as a founding member. CPChem is a leading chemical company and at the forefront of cultivating a circular economy for plastics. The company has announced plans for an annual…
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…
David Lindsay appointed interim CEO of TP Group
LONDON: UK: TP Group has announced the appointment of David Lindsay as Interim Chief Executive Officer. David’s immediate priority will be to provide an in-depth strategic and operational review of the business with a focus on identifying short-term as well as structural ways to significantly improve performance. There will be a particular focus on improving…
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…
New funding of £226.5 million will reinforce delivery of local bus services across England
LONDON, UK: FirstGroup plc cheered the announcement by the Department for Transport (‘DfT’) of a bus recovery funding package to support the provision of vital services by regional bus operators in England as pandemic restrictions ease. The new funding of £226.5m over six months will reinforce delivery of local bus services across England as passenger…
H2 Green and Eversholt Rail to develop hydrogen supply solutions for the UK railway
LONDON, UK: H2 Green Limited, a wholly owned subsidiary of Getech Group, has signed a non-binding Memorandum of Understanding (MoU) with Eversholt Rail to develop hydrogen supply solutions for the UK railway, a news release said. Pursuant to the MoU, H2 Green and Eversholt Rail have agreed to work together to determine the production and…
FastForward invests in a cannabis healthcare company, CiiTECH Limited
LONDON, UK: FastForward Innovations Ltd has participated in the £2.1 million issuance of Convertible Loan Notes, (CLN) by research-led cannabis healthcare company, CiiTECH Limited. The Company took £175,000 of the issue, funding its investment in the 24-month CLN through its existing cash resources. The CLNs are being issued ahead of CiiTECH’s intended reverse takeover by…
AstraZeneca’s acquisition of Alexion cleared by European Commission
LONDON, UK: AstraZeneca‘s proposed acquisition of Alexion Pharmaceuticals Inc. has achieved an important step towards completion by having cleared the European Commission review. The clearance follows competition clearances in the United States, Japan and other countries globally, with a complete list available on astrazeneca.com. Regulatory clearance in the UK is pending and remains a requirement to…
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…