Author: omc_admin
New software supports compliance with the EU Deforestation Regulation ahead of December 30, 2025 AI-enhanced platform engages hard-to-reach suppliers and ensures traceable, deforestation-free sourcing Companies failing to comply risk EU market exclusion and fines of up to 4% of European revenue Assent Inc. has introduced a new EU Deforestation Regulation (EUDR) solution aimed at helping manufacturers meet the bloc’s looming compliance deadline. The regulation, which takes effect December 30, 2025, requires companies to prove that products entering the EU are deforestation-free, legally produced, and traceable to their land of origin. For large and medium-sized firms, due diligence statements will be…
Sinopec Engineering Group Co. Ltd. on Sunday reported CNY 31.56 billion ($4.39 billion) in revenue for the first half of 2025, up 10.1 percent from the first six months of 2024. The increase was “mainly due to the fact that large-scale projects such as Aramco Huajin, SABIC Mangguo Ethylene, Jihua Transformation and Upgrading and Saudi Riyas entered construction or settlement peak”, said the report on Sinopec Engineering’s website. The petrochemical sector accounted for 63 percent of the total revenue of the energy and chemical engineering multinational, majority-owned by the state’s China Petrochemical Corp., for January-June 2025. The sector logged a…
Over US$1.685 billion in green bond proceeds deployed to renewable energy and storage projects across nine countries. For every US$1 million invested, around 3,700 tonnes of CO₂ equivalent avoided annually. Updated Green Finance Framework expands to cover green hydrogen and energy storage, reinforcing investor demand. Masdar has detailed how it deployed more than US$1.685 billion from its 2023 and 2024 green bond issuances into clean energy projects worldwide, according to its newly released 2024 Green Finance Report. The proceeds were allocated to new solar, wind, and energy storage projects across markets including the UAE, Saudi Arabia, the United States, Germany,…
Island communities off the coast of North Carolina are bracing for flooding ahead of the year’s first Atlantic hurricane, Hurricane Erin.Although forecasters are confident that the storm won’t make direct landfall in the United States, authorities on a few islands along North Carolina’s Outer Banks issued evacuation orders and warned that some roads could be swamped by waves of 15 feet (4.6 meters). The monster storm intensified to a Category 4 with 140 mph (225 kph) maximum sustained winds early Monday while it started to lash the Turks and Caicos Islands and the southeast Bahamas, according to the U.S. National…
Lenoir City, Tennessee, Electrical transmission equipment at the Fort Loudoun Dam, operated by the Tennessee Valley Authority. Jim West | UCG | Universal Images Group | Getty ImagesAlphabet’s Google and Kairos Power will deploy an advanced nuclear plant connected to the Tennessee Valley Authority’s electric grid by 2030, the companies announced on Monday.TVA has agreed to purchase up to 50 megawatts of power from Kairos’ Hermes 2 reactor. It is the first utility in the U.S. to sign a power purchase agreement with an advanced reactor like Hermes 2, according to the companies.Hermes 2 is the first deployment under an…
Russia’s Arctic LNG 2 export facility, which is sanctioned by the United States, is coming back to life after a year of no activity and is looking for buyers in Asia.At least four tankers carrying LNG from Russia’s flagship Arctic project have departed in recent days from the export facility via the Northern Route to Asia, vessel-tracking data compiled by Bloomberg showed on Monday.The latest development signals that Russia is trying – again – to sell the LNG from the sanctioned project led by Russian firm Novatek, and possibly test the resolve of the U.S. sanctions against Russian energy projects…
Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. Copyright 2025 The Associated Press. All rights reserved Ford’s $5 billion plan to get cheaper electric vehicles on the road by 2027 is intriguing not simply because it’s happening as the Trump Administration works to hamper the EV industry’s growth, but because it signals both it and General Motors, which make most of their money selling big gasoline-powered pickups and SUVs, seem to be getting serious about competing with Tesla and Chinese automakers that threaten their long-term health.…
Current Climate brings you the latest news about the business of sustainability every Monday. Sign up to get it in your inbox. Copyright 2025 The Associated Press. All rights reserved Ford’s $5 billion plan to get cheaper electric vehicles on the road by 2027 is intriguing not simply because it’s happening as the Trump Administration works to hamper the EV industry’s growth, but because it signals both it and General Motors, which make most of their money selling big gasoline-powered pickups and SUVs, seem to be getting serious about competing with Tesla and Chinese automakers that threaten their long-term health.…
Centrica plc said it has acquired the Isle of Grain liquefied natural gas (LNG) terminal in the United Kingdom in partnership with Energy Capital Partners LLP (ECP) from National Grid for an enterprise value of $2.03 billion (GBP 1.5 billion). After taking into account approximately $1.49 billion (GBP 1.1 billion) of new non-recourse project finance debt, Centrica’s 50 percent share of the equity investment is approximately $271.13 million (GBP 200 million), the company said in a news release. Centrica and ECP will hold the investment in Grain LNG through a jointly controlled entity with customary governance provisions, including reserved matters,…
Halliburton said it was awarded a contract to deliver comprehensive well stimulation services to ConocoPhillips Skandinavia AS to improve well performance and reservoir productivity. The contract spans five years and includes three optional extension periods, Halliburton said in a news release. Financial terms of the contract were not disclosed. Under the agreement, Tidewater’s vessel, North Pomor, will be transformed into an advanced stimulation vessel designed to efficiently deliver offshore well stimulation services in the North Sea. The improvements will include Octiv digital fracturing services “to maximize stimulation equipment performance and operational efficiency,” Halliburton said. “We are pleased to strengthen our…