ABU DHABI: National Central Cooling Company PJSC (Tabreed) has announced the launch of four pilot projects, which are part of Tabreed’s R&D funding commitment, which reinforces the company’s unwavering stewardship towards sustainability beyond just environmental benefits. This will also contribute to an improvement in Tabreed’s operational efficiency while enhancing district cooling plant life and reliability,…
Euronext to complete Borsa Italiana acquisition in the first half of 2021 as EC approval received
AMSTERDAM: Euronext confirmed on Friday the European Commission (EC) approved Euronext’s contemplated acquisition of the Borsa Italiana Group. This approval further improves the certainty of execution of the transaction, by satisfying an additional major condition for the completion of the Transaction. Borsa Italiana, based in Milan, is Italy’s stock exchange. It manages and organises domestic…
LNG demand set for growth as global economies recover
LONDON: Global liquefied natural gas (LNG) trade increased to 360 million tonnes in 2020, according to Shell’s latest annual LNG Outlook published today, despite the unprecedented volatility caused by the COVID-19 pandemic which resulted in lockdowns around the world. Though marginal, the increase in volume reflects the resilience and flexibility of the global LNG market…
Golden Leaf Holdings signs intent to acquire multi store chain in Northwest Oregon
PORTLAND: Golden Leaf Holdings, a consumer-driven cannabis company, has signed a non-binding letter of intent to acquire a multi store chain in the Northwest Oregon, a news release said. These stores are expected to generate at least US$10 million in annual run rate revenue (based on unaudited January 2021 results) and had a net operating…
Global Wellness acquired KaleidoUSA
VANCOUVER: Global Wellness Strategies Inc. has signed a binding letter of intent to acquire 100% of with KaleidoUSA, a company focused on myco-dosing and the production of consumer packaged products. “We are extremely fortunate to welcome Leah Kinkaid and her world famous experts to the Global Wellness family. Being the first company with direct access…
Powur and Enphase Energy launch solar-plus-storage
FREMONT: Enphase Energy Inc., a global energy management technology company officially launched Enphase Solar and Storage products on the Powur platform at the Powur 2021 Scale Up National Virtual Convention held on Feb. 20, 2021. Powur, a public benefit corporation and certified B-Corp, is ranked No. 938 on the 2020 Inc. 5000 list of Fastest-Growing…
mdf commerce signs agreement with Mason Companies to provide product catalogue solution
MONTREAL: mdf commerce Inc. (MDF), a leader in SaaS commerce technology solutions, announced that Mason Companies Inc., a US-based retailer, has signed an agreement with its Supply Chain platform InterTrade for its product catalogue solution. With this multi-year agreement, Mason Companies, Inc. confirms that the InterTrade Product Catalogue of mdf commerce is their solution of…
VAALCO Energy completes acquisition of Sasol’s 27.8% working interest in Etame Marin block
HOUSTON: VAALCO Energy Inc. has now completed the previously announced acquisition of Sasol Gabon S.A.’s 27.8% working interest in the Etame Marin block offshore Gabon, increasing the Company’s total working interest to 58.8%. Key Highlights: • Nearly doubles VAALCO’s total net production and reserves; • Expected to be immediately accretive to VAALCO, with minimal additional…
Danakali Limited notifies management changes
LONDON: Danakali Limited, potash company focused on the development of the Colluli Sulphate of Potash Project, has announced management changes. · Current Non-Executive Chairman, Mr Seamus Cornelius, has been re-appointed as Executive Chairman · The role of current Chief Executive Officer (CEO), Mr Niels Wage has been made redundant as part of a reallocation of…
Argo Blockchain installs 4,500 new mining machines
LONDON: Argo Blockchain, a global leader in cryptocurrency mining, announced 4,500 Bitmain Antminer S19 and S19 pro miners Argo agreed to lease from Celsius Network in November 2020 have been installed on time and are now fully operational. This installation represents the final delivery of Antminers under Argo’s lease with Celsius Network. The new mining…
Greencoat Renewables agrees to buy 89.6MW Cordal Wind Farm
DUBLIN: Greencoat Renewables PLC, the renewable infrastructure company invested in euro-denominated assets, signed agreement to acquire Cordal wind farm from Cubico Sustainable Investments, a global renewable energy investor and operator. The wind farm is located in Co. Kerry, Ireland, and consists of 28 3.2MW GE turbines that reached full commercial operations in May 2018. The…
RM plc announces appointment Neil Martin as CEO
LONDON: RM plc, a leading supplier of technology and resources to the education sector, announced the appointment of Neil Martin as CEO. Neil, who has served as RM’s CFO for the past 5 years, will succeed David Brooks with effect from 1 March 2021. As CFO, Neil has been much involved in the changes in…