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CARBIOS signs its first biorecycled PET sales contracts with two global cosmetics leaders
Globenewswire· 2025-05-27 15:45
CARBIOS has signed two multi-year commercial contracts for biorecycled PET from its Longlaville plant, with L'ORÉAL and L'Occitane en Provence, and has moved forward with the execution of this future plant’s strategyThese initial commercial contracts confirm market demand for high-quality, recycled and recyclable PET from enzymatic recycling Clermont-Ferrand (France), 27 May 2025 (17.45 CEST). CARBIOS (Euronext Growth Paris: ALCRB), a pioneer in the development and industrialization of biological technolo ...
TMD Energy Limited Announces Strategic Expansion into Oil Waste Collection as Core ESG Initiative
Globenewswire· 2025-05-21 14:10
Core Insights - TMD Energy Limited (TMDEL) is expanding into oil waste collection, enhancing its Environmental, Social, and Governance (ESG) commitments by collecting sludge oil and used cooking oil for conversion into biodiesel [1][2] - The company aims to leverage its logistics network to meet the rising demand for sustainable waste disposal, contributing to Malaysia's renewable energy goals [2][3] Company Overview - TMDEL is based in Malaysia and Singapore, providing integrated bunkering services, including ship-to-ship transfer of marine fuels, ship management, and vessel chartering [1][4] - The company operates in 19 ports across Malaysia with a fleet of 15 bunkering vessels, specializing in marine gas oil and various types of marine fuel oil [4] Strategic Initiatives - The entry into the biodiesel market aligns with government incentives and evolving regulatory frameworks, presenting growth opportunities [3] - TMDEL's initiative reflects a commitment to transforming waste into a valuable resource, aiming for operational excellence and ecological responsibility [3] - The company plans to engage in processing and distribution of biodiesel, positioning itself as a key player in Southeast Asia's green energy transition [3]
Miami-Dade County, FL Renews Partnership with GovDeals to Conduct Surplus Auctions
GlobeNewswire News Room· 2025-05-21 12:30
Core Insights - Miami-Dade County has initiated online surplus auctions on GovDeals, enhancing the sale of seized vehicles, industrial equipment, and office items [1][2] - The online auction process increases efficiency and accessibility, allowing a broader audience to participate, which improves the chances of selling surplus items [2] - Since starting online auctions in 2015, Miami-Dade County has generated over $36 million in auction proceeds [3] Company Overview - GovDeals is the leading marketplace for surplus government and educational assets, offering a range of items from heavy equipment to real estate [4] - The platform specializes in surplus disposition technology, enabling government agencies to sell assets in a transparent manner with lower fees compared to traditional auction methods [4] - GovDeals is powered by Liquidity Services, a trusted company in the circular economy, providing access to surplus assets across a centralized network [4]
SusGlobal(R) Announces Additional Sales of Carbon Credits and Verrs Generated from Its Belleville Composting Offset Project
Newsfile· 2025-05-21 12:00
Core Insights - SusGlobal Energy Corp. has sold an additional 1,500 Verified Emission Reductions and Removals (VERRs), bringing the total to 59,802 VERRs sold as part of its Anew™ SusGlobal Belleville Composting Offset Project in Ontario [1][5] Company Overview - SusGlobal Energy Corp. is focused on environmental and renewable solutions, particularly in the circular economy, and aims to monetize its carbon credits to generate revenue [5][8] - The company operates a 49-acre Organic & Non-Hazardous Waste Processing & Composting Facility in Belleville, Ontario, developed in collaboration with Anew Climate, LLC [2][8] Regulatory Environment - Ontario is implementing a food and organic waste disposal ban under the Environmental Protection Act, which prohibits the disposal of such waste in landfills, creating new opportunities for resource recovery and waste reduction [6] - This regulatory change is expected to drive investment in resource recovery systems, create jobs, and support innovation, benefiting SusGlobal's infrastructure and capabilities [6] Market Dynamics - The demand for composting facilities is increasing as municipalities seek to divert organic waste from landfills, which aligns with SusGlobal's initiatives to expand composting efforts across North America [5][6] - The revenue generated from carbon credits is anticipated to support technological advancements in waste management and composting [5]
Cabka NV Announces Changes in Supervisory Board
Globenewswire· 2025-05-21 06:00
Core Viewpoint - Cabka N.V. announces the resignation of Tova Posner Henkin from the Supervisory Board and the interim appointment of Anja Siegesmund, reflecting the company's commitment to sustainability and strategic growth in the recycling industry [1][3][4]. Group 1: Resignation and Appointment - Tova Posner Henkin resigns from her position on the Supervisory Board for personal reasons, effective 30 May 2025 [1]. - Anja Siegesmund is appointed as an interim member of the Supervisory Board, pending approval at the Annual General Meeting of Shareholders [1][6]. Group 2: Contributions and Experience - Tova Posner Henkin has been a member of the Supervisory Board since 2021, significantly contributing to the company's strategic direction and playing a key role in its listing on Euronext Amsterdam in March 2022 [2]. - Anja Siegesmund brings extensive experience in sustainability and environmental policy, having served as the former Minister of the Environment in Thuringia, Germany, and currently as Executive President of the German Association of Waste Management, Water and Recycling Industry [3][5]. Group 3: Strategic Implications - The appointment of Anja Siegesmund is seen as a strategic move to enhance Cabka's focus on sustainable logistics and recycled material innovation [4]. - The company aims to strengthen its position in the recycling industry by leveraging Siegesmund's expertise in environmental protection and circular economy [4][5].
ATRenew(RERE) - 2025 Q1 - Earnings Call Transcript
2025-05-20 13:02
ATRenew (RERE) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Company Participants Jeremy Ji - Director of Corporate Development & Investor Relations Conference Call Participants Joyce Ju - AnalystNone - AnalystMichael Kim - Senior Analyst Operator Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to AT Renu Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. We will be hosting a question and answe ...
ATRenew(RERE) - 2025 Q1 - Earnings Call Transcript
2025-05-20 13:00
ATRenew (RERE) Q1 2025 Earnings Call May 20, 2025 08:00 AM ET Speaker0 Good morning and good evening, ladies and gentlemen. Thank you for standing by and welcome to AT Renu Inc. First Quarter twenty twenty five Earnings Conference Call. At this time, all participants are in a listen only mode. We will be hosting a question and answer session after management's prepared remarks. Please note today's event is being recorded. I will now turn the call over to the first speaker today, Mr. Jeremy Ji, Director of C ...
ATRenew(RERE) - 2025 Q1 - Earnings Call Presentation
2025-05-20 11:05
Financial Performance - Total net revenues reached RMB 4,653.5 million, a 27.5% year-over-year increase[10] - Net product revenues grew by 28.8% year-over-year to RMB 4,263.7 million[10] - Net service revenues increased by 14.2% year-over-year to RMB 389.8 million[10] - Non-GAAP income from operations increased by 39.5% year-over-year to RMB 111.9 million[10] - Non-GAAP operating profit margin improved by 21 basis points year-over-year to 2.4%[10] Business Updates - 1P business net product revenues, excluding ATI and international business, increased by 54.2% year-over-year[12] - 3P business net service revenues from multi-services category recycling increased significantly by 172.9% year-over-year[13] - Overall service take rate for the 3P business was 5.25%[13] - Total transaction units reached 9.5 million, a 13.1% year-over-year increase[15] Store Network - The total number of AHS stores reached 1,886, a net increase of 458 stores year-over-year[14] - Self-operated standard stores increased by 206 to a total of 917[14] - Joint-operated standard stores increased by 286 to a total of 843[14]
Northstar Announces Final Draw of $617,698 from BDC Project Loan Facility
Prnewswire· 2025-05-20 11:00
Core Insights - Northstar Clean Technologies Inc. has successfully completed all criteria for a $8.75 million non-revolving senior secured project loan facility with the Business Development Bank, with the remaining amount of $617,698 now fully drawn [1] - The funds from the BDC Facility will enhance cash reserves and are designated for ongoing commissioning efforts at the Empower Environmental Solutions Calgary facility, with operations expected to commence mid-year 2025 [1][2] Company Overview - Northstar is a Canadian clean technology company focused on the sustainable recovery and reprocessing of asphalt shingles, utilizing a proprietary design process to extract liquid asphalt, aggregate, and fiber for reuse in construction and industrial applications [2] - The company aims to lead the recovery and reprocessing of asphalt shingles in North America, addressing environmental concerns related to landfill waste [2]
Cielo Announces New Securities for Debt Transactions, Replacing Previously Announced Transactions
Globenewswire· 2025-05-16 11:00
Core Viewpoint - Cielo Waste Solutions Corp. is set to settle an aggregate debt amount of $1,797,195 through the issuance of securities, pending approval from the TSX Venture Exchange [1] Group 1: Debt Settlement Details - The company plans to issue 35,943,847 units at a price of $0.05 per unit to settle $1,671,656.67 of the aggregate debt amount, with each unit consisting of one common share and one warrant [3] - The remaining balance of $125,535.79 will be settled with an insider through the issuance of 2,510,715 common shares at the same price of $0.05 per share, with no warrants issued to the insider [4] - Both the units for debt transactions and the shares for debt transaction are subject to approval from the Exchange, and upon approval, will have a hold period of four months [6] Group 2: Related Party Transaction - The transaction with the insider is classified as a "related party transaction" under Multilateral Instrument 61-101, and the company will rely on exemptions from certain requirements as the fair market value does not exceed 25% of the company's market capitalization [5] Group 3: Company Overview - Cielo Waste Solutions Corp. focuses on transforming waste materials into high-value products, aiming to address global waste challenges and contribute to the circular economy while reducing carbon emissions [9]