Author: omc_admin

As tariffs change and supply chains shift, procurement leaders are racing to adapt. In this Q&A, Dharani (DJ) Jeyaprakasam, Principal Solutions Architect at ORO Labs, shares how procurement orchestration can help companies streamline supplier onboarding, manage risk, and stay compliant as they navigate an increasingly volatile trade environment. What’s RelatedSupply Chain 24/7: What are you hearing from procurement leaders about these on-again, off-again tariffs? Dharani Jeyaprakasam: Procurement leaders are increasingly frustrated by the pace and unpredictability of tariff shifts. These changes are often announced with little warning, and many teams still rely on fragmented systems and manual workarounds to respond, leading to slow reactions, inefficient…

$330M raised to launch a new decarbonization private equity strategy targeting middle-market companies in the U.S. and Canada. Focus sectors include energy, industrials, transportation, and the built environment—critical to the energy transition. Key backers include Canada Life, Export Development Canada, Fonds de solidarité FTQ, and Power Corporation of Canada. Power Sustainable, the alternative asset management arm of Power Corporation of Canada, has raised over $330 million to fund a new private equity strategy focused on decarbonization. The strategy—Power Sustainable Decarbonization Private Equity—targets middle-market companies in North America with the potential to drive both strong financial returns and measurable climate impact.…

Exclusive innovation: HUGO BOSS holds a one-year exclusive on NovaPoly, a recycled, degradable yarn made from textile waste. Microplastics strategy: NovaPoly supports the company’s goal to combat microplastic pollution, aligning with its broader sustainability targets. Future licensing potential: Plans are in motion to license NovaPoly industry-wide, positioning HUGO BOSS as a sustainability leader in fashion innovation. HUGO BOSS has launched NovaPoly, a proprietary recycled polyester yarn designed to address the fashion industry’s environmental footprint—particularly microplastic pollution. Developed in collaboration with Jiaren Chemical Recycling and NBC LLC, NovaPoly is made from textile waste collected during both clothing production and post-consumer use.…

Coca-Cola has agreed to make a series of changes to the recycling claims on its plastic bottles, according to a statement today by the European Commission, following a greenwashing complaint made by the European Consumer Organisation (BEUC). The agreement follows an alert issued in November 2023 by the BEUC, along with member organizations from 13 countires against bottling companies including Coca-Cola, Danone and Nestlé, reporting that the companies were making misleading commercial claims about the recyclability of their products. The BEUC specifically highlighted three claims of concern, including “100% recyclable,”  noting that recyclability depended on factors such as the available…

New Delhi: Limited increased its startup investment fund from ₹100 crore to ₹500 crore in FY25, Union Minister of Petroleum and Natural Gas, Hardeep Singh Puri, said on Tuesday, as the country becomes the third largest startup ecosystem in the world.In a post on X social media platform, the minister said there has been a startup revolution in Prime Minister Narendra Modi’s government.”Country becomes the third largest startup ecosystem in the world. GAIL (India) Ltd’s startup initiative ‘PANKH’ is giving a new flight to the youth’s startups. It is strengthening the country’s energy power by promoting innovations in the field…

Amigo LNG S.A. de C.V., the Mexican subsidiary of Singapore-based LNG Alliance, has signed a definitive 15-year liquefied natural gas (LNG) sales and purchase agreement (SPA) with Oman. Under the agreement signed with OQ Trading (OQT), the international energy and commodity trading vehicle of the Oman government, OQT will purchase 0.6 million metric tons per annum (mtpa) of LNG free on board from Amigo LNG’s export terminal in Sonora, Mexico. The first LNG deliveries under the agreement are expected to begin in the second quarter of 2028, LNG Alliance said in a news release. The long-term supply partnership “represents a…

Cairo: Egypt’s non-oil private sector economy contracted further in April after a decline in domestic and foreign demand caused new orders and output to fall for a second month, according to a survey released on Tuesday.The S&P Global Egypt PMI headline index dropped to 48.5 in April from 49.2 in March, marking the lowest reading so far in 2025. A figure below 50 indicates contraction and one above 50 indicates growth. “Business activity weakened for the second month running in April as firms highlighted an additional drag from falling sales,” said David Owen, Senior Economist at S&P Global Market Intelligence.…

World’s largest annual CDR delivery deal: Microsoft’s expanded agreement now totals 5.08M tons, with 500,000 tons captured annually. $1.3B BECCS facility operational by 2028: Stockholm Exergi’s plant will permanently store biogenic CO₂ beneath the North Sea. Significant climate leadership signal: Microsoft doubles down on durable carbon removal as part of its aggressive net-zero strategy. Microsoft has more than doubled its carbon removal commitment with Stockholm Exergi, increasing the volume of carbon dioxide to be permanently stored from 3.3 million tons to 5.08 million tons over a 10-year period. The agreement centers on Stockholm Exergi’s Bioenergy with Carbon Capture and Storage…

London: British oil group BP, which has lagged rivals in recent years, won a boost to its share price Tuesday on rumours of a possible mega takeover by rival Shell.A merger of the British companies would create a giant valued at more than £200 billion ($267 billion) at the pair’s current share prices and deliver one of the oil and gas sector’s largest acquisitions.Contacted by AFP, a BP spokesperson said Tuesday that the company does not comment on “speculation and market rumour”.Shell referred back to comments Friday made by its chief executive Wael Sawan, who following an earnings update said…

A comprehensive life cycle assessment (LCA) conducted by the Global Centre for Maritime Decarbonisation (GCMD) quantifies OCCS’s potential to provide GHG emissions savings. The study concluded that incorporating CO2 that is captured from HFO combustion onboard vessels into concrete production results in the highest GHG emissions savings of the different utilisation pathways explored, as it partially displaces the need for carbon-intensive cement ashore The study accounted for emissions from fuel production, transport and use, to CO2 capture onboard the vessel and its final disposition. Professor Lynn Loo, CEO, GCMD said, “As we face an increasing array of…