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…
Westpac sells New Zealand Life Insurance business to Fidelity Life for NZ$400 million
SYDNEY, AUSTRALIA: Westpac Group has agreed with Fidelity Life Assurance Company Limited to sell Westpac Life-NZ- Limited and enter into an exclusive 15-year agreement for the distribution of life insurance products to Westpac’s New Zealand customers. The sale price of NZ$400 million is expected to result in a post-tax gain on sale and add approximately…
Carnarvon and FIG form joint venture to produce renewable diesel
SYDNEY, AUSTRALIA: Carnarvon Petroleum Limited has formed a joint venture with Frontier Impact Group (FIG) to produce renewable diesel. Frontier Impact Group (FIG) has been actively progressing a bio refinery business in Western Australia to produce renewable diesel and other highly valuable products. The joint venture plans to use internationally proven technology to process waste…