-
1 week ago | 
packaging-gateway.com | Tiash Saha
Global Printing & Packaging (GPP), a US-based provider of packaging, printing, and logistics solutions, has secured a $5m revolving line of credit from the asset-based lending team of Cambridge Savings Bank (CSB) to scale its reach.
-
1 week ago | 
energymonitor.ai | Tiash Saha
Solar and wind energy can potentially meet up to 30% of Southeast Asia’s data centre electricity requirements in 2030, without the need for battery storage, as detailed in a report by energy think tank Ember. This development is crucial as the region seeks to balance its digital expansion with sustainable energy practices. The report identifies Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam as emerging global data centre hotspots, with 2.9GW of new capacity in development.
-
1 week ago | 
investmentmonitor.ai | Tiash Saha
Energy companies from Malaysia, Singapore and Vietnam have entered a joint development agreement to explore the potential of exporting renewable electricity from Vietnam to the other two countries. The agreement involves MY Energy Consortium from Malaysia, a collaboration between Tenaga Nasional Berhad and Petroliam Nasional Berhad, along with Vietnam’s PetroVietnam Technical Services Corporation (PTSC) and Singapore’s Sembcorp Utilities, a subsidiary of Sembcorp Industries.
-
1 week ago | 
power-technology.com | Tiash Saha
The consortium plans to assess the feasibility of a new subsea cable system to export renewable energy. Credit: sofinitaa/Shutterstock. Energy companies from Malaysia, Singapore and Vietnam have entered a joint development agreement to explore the potential of exporting renewable electricity from Vietnam to the other two countries.
-
1 week ago | 
packaging-gateway.com | Tiash Saha
The UK hospitality sector has voiced significant concerns regarding the cost and impact of the extended producer responsibility (EPR) policy on the industry proposed by the region’s Department for Environment, Food & Rural Affairs (Defra). The proposed EPR requires packaging producers to pay a fee for managing their packaging, which they supply to or import into the UK market.
-
1 week ago | 
packaging-gateway.com | Tiash Saha
Stirling Square Capital Partners, a pan-European mid-market private equity company, has completed the sale of Verescence, a luxury glass packaging company, to a consortium comprising Movendo Capital and Draycott. Founded in 1896, Verescence serves luxury beauty brands, including Hermès, LVMH, and L’Oréal. Verescence employs 2,500 people across three continents.
-
1 week ago | 
packaging-gateway.com | Tiash Saha
Japan-based packaging company RAKSUL has entered into a share purchase agreement to acquire all shares of Marutama and Marutama Wel, from shareholders Yoshitaka Yamashita and Sayaka Yamashita. The integration of Marutama and Marutama Wel into RAKSUL’s operations is expected to strengthen the company’s manufacturing and sales capabilities in the paper shopping bag sector. This sector shares a significant customer base with RAKSUL’s core cardboard segment in the procurement platform.
-
1 week ago | 
power-technology.com | Tiash Saha
The project is closely associated with the construction of a data centre, designed to be self-sufficient in energy with a guaranteed 70MW capacity. Credit: Solaria. European renewable energy developer Solaria has signed an agreement in principle with Spanish financial services company Banco Sabadell for the long-term financing of its 175MW Oliva solar project in the province of Guadalajara, Spain.
-
1 week ago | 
power-technology.com | Tiash Saha
EGPNA has agreed to a net cash consideration of $50m, subject to customary adjustments. Credit: luca pbl/Shutterstock. Enel Green Power North America (EGPNA), a subsidiary of Italian energy company Enel, has entered a swap agreement with Gulf Pacific Power (GPP), an infrastructure fund managed by Harbert Management, to expand its renewable capacity in the US.
-
1 week ago | 
power-technology.com | Tiash Saha
EDP will maintain full control over the renewable hydrogen project situated within the Pecém complex. Credit: EDP, S.A. EDP Brasil, a subsidiary of utility company EDP, has signed an agreement with Brazilian energy company Diamante Geração de Energia to sell its 20% stake in Pecem Geração de Energia, which owns and operates the Pecem coal plant. The 0.20bn reais ($35.4m) transaction signifies EDP’s complete exit from the coal-fired power plant in the Brazilian state of Ceará.
