PARIS, FRANCE: BIO-UV Group with its American partner The Columbia Group Inc. have been selected by the U.S. Navy, following an international call for tenders, to develop a military version of its UV ballast water disinfection system to equip future ships of the United States Navy. Until now, military vessels have operated outside the scope…
Nel ASA joins leading players to enable fossil-free steel hydrogen facility in Sweden
OSLO, NORWAY: Nel Hydrogen Electrolyser, a division of Nel ASA, has entered into a collaboration for a fossil-free hydrogen facility in Hofors, Sweden, together with partners Ovako, Volvo, Hitachi ABB, and H2 Green Steel. The conversion to green hydrogen in the production process will reduce CO2-emissions from the facility by 50% from current levels with…
Little Green Pharma acquires LGP Denmark for a total of C$20 million
SYDNEY, AUSTRALIA: Little Green Pharma Ltd (LGP) announced the acquisition of a world class cannabis GACP cultivation and EU-recognised GMP licensed cannabis production facility located in Denmark as well as the receipt of firm commitments to raise A$27.2 million by way of placement to institutional and sophisticated investors. Little Green Pharma Ltd (LGP) plans to…
Air Liquide, Airbus and Groupe ADP partner to prepare Paris Airports for hydrogen era
PARIS, FRANCE: Air Liquide, Airbus and Groupe ADP have signed a Memorandum of Understanding (MoU) to prepare for the arrival of hydrogen in airports by 2035 as part of the development of hydrogen-powered commercial aircraft, a news release said. The partners will leverage their respective expertise to support the decarbonization of the aviation industry and to define the…
Pakistan LNG Limited invites bids for eight LNG cargoes
KARACHI: State-owned Pakistan LNG Limited (PLL) has floated a tender seeking delivery of eight cargoes of the liquefied natural gas (LNG) to be delivered in September and October this year. The bids will be opened on July 0521. According to the tender document, five cargoes up to 140,000 cubic meters in capacity each are spread…
Boozt acquires Rosemunde at an enterprise value of DKK 250 million
COPENHAGEN, DENMARK: Boozt and Rosemunde have today entered into an agreement where Boozt acquires 66.7% of the shares in Rosemunde with an option to acquire the remaining shares at the same EV/EBIT multiple, in three phases, with the final phase planned for June 2026, a news release said. The enterprise value is DKK 250 million….
Artec Aqua signs agreement with K Smart Farming for salmon farming in South Korea
OSLO, NORWAY: Artec Aqua AS has signed an agreement with K Smart Farming Co., Ltd. (KSF) to conduct a feasibility study for a 20,000 tonnes land-based salmon farming facility in South Korea. Artec Aqua is a wholly owned subsidiary of Oslo-listed Endúr ASA. The agreement includes an intention for Artec Aqua to conduct engineering, delivery,…
Velocys technology powers first commercial flight
LONDON, UK: Velocys plc, the sustainable fuels technology company, announced that sustainable aviation fuel (SAF) produced by the Company’s proprietary technology using woody biomass residue feedstock has been used in a commercial flight by Japan Airlines (JAL). Japan Airlines flight (JAL #515) from Tokyo to Sapporo was completed on 17 June 2021. This important milestone follows on from the collaboration agreement signed with Toyo…
Paragon ID announces acquisition of Security Label
PARIS, FRANCE: Paragon ID announced its acquisition of Security Label, European leader and one of the world’s biggest producers of baggage tags for the air transport industry. The acquisition will become effective as of 1 July 2021, a news release said. Security Label is a German company based near Hanover, founded in 1990 by the…
Gaming Realms signs licensing agreement with IGT
LONDON, UK: Gaming Realms plc, the developer and licensor of mobile-focused gaming content, has signed a licensing agreement with International Game Technology PLC (IGT), a multinational gaming and lottery company, a news release said. Under the terms of the agreement, Gaming Realms will produce Slingo games, an entertainment genre popular among mobile gaming enthusiasts that…
Geir Karlsen appointed new CEO of Norwegian Air Shuttle
OSLO, NORWAY: Geir Karlsen has been appointed new CEO of Norwegian Air Shuttle ASA. Karlsen succeeds Jacob Schram. The appointment will be effective June 21st 2021. “I am pleased to announce that Geir Karlsen on requet of the Board has accepted the job as CEO of Norwegian. Karlsen has successfully led the financial reconstruction of…
Hotel Chocolat Group announces acquisition of a Joint Venture
LONDON, UK: Hotel Chocolat, the premium British chocolatier, has agreed to acquire the entire issued share capital of Rabot 1745 Limited, which it does not already hold, a news release said. Summary of the Acquisition Rabot was established in 2016 as a joint venture between the Company and Andrew Gerrie (the Non-Executive Chairman of Hotel…