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Cielo Announces Private Placement of Units
Globenewswire· 2025-05-13 11:00
Core Viewpoint - Cielo Waste Solutions Corp. is initiating a non-brokered private placement to raise gross proceeds of up to C $3,000,000 through the issuance of up to 60,000,000 units at a price of $0.05 per unit, aimed at funding the development of a waste-to-hydrogen facility in British Columbia and other working capital needs [1][3]. Group 1: Offering Details - Each unit consists of one common share and one whole common share purchase warrant, with the warrant allowing the purchase of one common share at a price of $0.07 for two years [2]. - The net proceeds from the offering will be used for the development and early-stage engineering of the proposed waste-to-hydrogen facility, regulatory applications, and general working capital, including a payment of approximately $750,000 under a Settlement Agreement [3]. Group 2: Project and Market Positioning - The BC Facility aims to provide a sustainable disposal solution for scrap railway ties while generating hydrogen, aligning with regulatory requirements and clean energy funding programs [7]. - Cielo is strategically positioning itself in the growing hydrogen market, driven by increasing demand for alternative fuels and energy security, indicating a deliberate entry into a sector expected to experience substantial growth [5][6]. Group 3: Management Perspective - The CEO of Cielo emphasized that while the offering may cause some dilution, the anticipated cancellation of approximately 40,000,000 shares from an unrelated transaction will help mitigate the impact on the company's capital structure and support shareholder value [5]. - The company is committed to generating environmental and economic value from waste, aiming to be a leader in the wood waste to usable products industry through sustainable technologies [10].
Syensqo announces revised segment reporting
Globenewswire· 2025-05-13 06:30
Core Viewpoint - Syensqo has revised its segment reporting structure to better align with its strategic focus, particularly in light of its intention to divest from the Oil & Gas and Aroma Performance business units [1][2]. Group 1: Segment Reporting Changes - The new segment reporting structure will include four reportable segments: Materials, Performance & Care, Other Solutions, and Corporate & Business Services, effective from Q1 2025 [2][4]. - The previously reported financial information for fiscal year 2024 has been recast to reflect these new segments, although this change does not impact the previously reported consolidated financial statements [2][3]. Group 2: Segment Descriptions - The Materials segment will continue to consist of Specialty Polymers and Composite Materials, focusing on high-performance polymers and composite technologies for sustainable mobility applications [4]. - Performance & Care, previously known as Consumer & Resources, will now include Novecare and Technology Solutions, emphasizing sustainability and enhanced performance in various applications [4]. - Other Solutions will combine Aroma Performance and Oil & Gas, with Aroma Performance being a leader in synthetic and natural vanillin production and Oil & Gas providing tailored solutions for the upstream oilfield sector [4]. - Corporate & Business Services will encompass corporate functions and other business services, including research & innovation and new business development [4].
MySize Inc. Acquires Key Assets of Percentil: Expanding into Circular Fashion and Re-Commerce
Prnewswire· 2025-05-12 13:49
Core Viewpoint - MySize, Inc. has acquired key assets of Percentil, a second-hand fashion marketplace, to enhance its B2B and B2C portfolio and align with upcoming EU regulatory requirements for sustainable fashion [1][9]. Company Strategy - The acquisition aims to reposition Percentil as a premium marketplace focused on higher-value items, reflecting consumer demand for quality and sustainability [3][4]. - MySize's strategy emphasizes building a profitable, scalable, and sustainable circular fashion business from the outset, prioritizing cash-efficient scaling and EBITDA-positive returns [4][5]. Financial Details - The total transaction value for the acquisition is approximately €610,000 (about $679,000), including a cash payment of €40,000 (approximately $44,500) and the assumption of liabilities totaling around €570,000 (approximately $634,500) [4]. - MySize anticipates that the Percentil business unit will generate $1.5 million in revenues in the second half of 2025, representing a projected 25% increase in total revenue [4]. Market Positioning - The acquisition is strategically timed to align with EU regulations requiring brands to implement reuse and recycling frameworks, positioning Percentil as a key partner for fashion brands [9][10]. - The total addressable market for second-hand and circular fashion in Western Europe is projected to exceed $25 billion by 2027 [6]. Integration and Synergies - MySize plans to integrate its proprietary AI technology into Percentil's platform to optimize pricing, enhance product recommendations, and improve operational efficiency [8]. - The acquisition creates synergies with existing MySize portfolio companies, such as Naiz Fit and Orgad, to enhance logistics and reduce returns [7]. Operational Assets - MySize acquired select operational assets from Percentil, including a central warehouse, quality control systems, and a stock of over 120,000 quality-vetted garments [12].
OTC Markets Group Welcomes OMV AG to OTCQX
Globenewswire· 2025-05-12 11:00
NEW YORK, May 12, 2025 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced OMV AG (Vienna Stock Exchange: OMV; OTCQX: OMVKY, OMVJF), an integrated sustainable chemicals, fuels, and energy company, has qualified to trade on the OTCQX® Best Market. OMV AG upgraded to OTCQX from the Pink® market. OMV AG begins trading today on OTCQX under the symbols "OMVKY" and "OMVJF." U.S. investors can find current fin ...
Liquidity Services(LQDT) - 2025 Q2 - Earnings Call Presentation
2025-05-09 07:33
Investor Presentation Second Quarter Fiscal Year 2025 © Liquidity Services, Inc. All Rights Reserved. 1 Forward-Looking Information This document contains forward-looking statements. These statements are only predictions. The outcome of the events described in these forward-looking statements is subject to known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity ...
The RealReal Announces First Quarter 2025 Results
Globenewswire· 2025-05-08 20:05
Core Insights - The RealReal, Inc. reported a strong financial performance for Q1 2025, with total revenue of $160 million, representing an 11% increase year-over-year [2][9] - The company achieved a net income of $62 million, which includes $80 million in non-cash gains, marking a significant turnaround from a net loss in the same period last year [2][9] - Adjusted EBITDA for Q1 2025 was $4.1 million, an improvement of $6.4 million compared to Q1 2024 [2][9] Financial Performance - Gross merchandise value (GMV) for Q1 2025 was $490 million, up 9% from the previous year [2][9] - Gross profit reached $120 million, an increase of $13 million year-over-year, with a gross margin of 75.0%, improving by 40 basis points [2][9] - The trailing twelve months active buyer count increased by 7% to 985,000, and the average order value (AOV) rose by 5% to $564 [9] Strategic Focus - The CEO emphasized the company's unique position at the intersection of luxury and value, with a focus on sourcing supply from domestic closets [3] - The company is committed to operational efficiency and enhancing customer service, leveraging AI to optimize operations [3] - The growth strategy includes enhancing sales, marketing, and store presence, leading to the highest growth in new consignors in over two years [3] Guidance and Outlook - The RealReal reaffirmed its full-year guidance for 2025 despite market uncertainties, projecting GMV between $1.96 billion and $1.99 billion [5][7] - For Q2 2025, the company expects GMV to be between $476 million and $486 million, with total revenue projected between $157 million and $161 million [7]
Toyota Mississippi Experience Center Awarded LEED Platinum Certification
Prnewswire· 2025-05-08 14:00
Core Insights - Toyota Mississippi's Experience Center has achieved LEED Platinum certification, marking it as one of five facilities in Mississippi to receive this highest level of distinction [1][2]. Sustainability Focus Areas Carbon - The facility features a dedicated solar farm that generates over 7,000 kilowatt hours monthly, sufficient to power seven homes in Mississippi. The building's design maximizes natural light and uses LED fixtures, reducing light usage by 50% [3]. Water - Water conservation is emphasized through a 5,000-gallon underground tank that collects rainwater from the roof for toilet flushing, preserving fresh water for drinking and handwashing [4]. Biodiversity - A bio-retention pond on-site acts as a natural filtration system for rainwater runoff and supports local biodiversity, providing habitat for species such as the Northern Bobwhite quail and Wood duck [5]. Circular Economy - The Experience Center incorporates reclaimed materials in its construction and focuses on minimizing waste, aligning with Toyota's commitment to a circular economy by reducing, reusing, and recycling resources [6]. Company Commitment - Toyota continues to advance its sustainability mission, aiming to minimize environmental impacts while fostering positive contributions to society. Public tours of the Experience Center and manufacturing plant are available for visitors [7].
Sonoco Releases 2024 Corporate Sustainability Report
Globenewswire· 2025-05-08 13:20
Core Insights - Sonoco Products Company has transformed into a more sustainable packaging company following the acquisition of Eviosys, enhancing its sustainability footprint and global reach [1][2] Group 1: Sustainability Initiatives - The acquisition of Eviosys adds 6,300 employees and 45 facilities across Europe, the Middle East, and Africa, positioning Sonoco as a global leader in metal and fiber packaging [2] - Sonoco aims to reduce Scope 1 and 2 greenhouse gas emissions by 25% by 2030 from a 2020 baseline, supported by investments in renewable energy and energy efficiency [3] - In 2024, Sonoco implemented 27 sustainability projects, achieving a 9.6% reduction in energy use, surpassing its 8% goal for 2030 [4] Group 2: Emission Reductions and Achievements - Eviosys achieved a 26.3% reduction in Scope 1 and 2 emissions from its 2020 baseline in 2024 and received an EcoVadis Platinum rating for environmental performance [5] - The integration of energy-efficient technologies is expected to reduce natural gas usage by 60% and eliminate solvent emissions [5] Group 3: Product Innovations - Sonoco's packaging innovations include the Rigid Paper Container and lightweight steel aerosols, which enhance recyclability and reduce carbon emissions [6] - Eviosys' Ecopeel and Horizon products have been recognized for their sustainable design, cutting carbon emissions by 20% and enhancing recyclability [6] Group 4: Corporate Vision and Recognition - Sonoco's mission, "Better Packaging. Better Life.", drives its commitment to sustainability and innovation across its global operations [7] - The company has been recognized as one of America's Most Trustworthy and Responsible Companies by Newsweek in 2025 [8]
Aduro Clean Technologies and Cleanfarms Sign Memorandum of Understanding to Collaborate on Development of Commercial Pathway for Challenging Agricultural Plastics
Globenewswire· 2025-05-08 11:00
Core Insights - Aduro Clean Technologies Inc. has signed a Memorandum of Understanding with Cleanfarms Inc. to evaluate the feasibility of its Hydrochemolytic™ Technology for recycling agricultural plastic waste [1][2] - The collaboration aims to address the challenges of recycling agricultural plastics, which are often contaminated and have limited end-of-life options [2][3] - The project will progress through three phases: laboratory feasibility trials, scale-up and process modeling, and potential integration into a demonstration plant [3][4][5] Group 1: Collaboration Overview - The MOU outlines a multi-phase collaboration to assess the technical and economic feasibility of using Aduro's Hydrochemolytic™ Technology for chemical recycling of on-farm plastic waste [1][2] - Cleanfarms operates within Extended Producer Responsibility frameworks and has a strong network for managing agricultural waste, making it a critical partner for Aduro [2][8] - The collaboration aims to convert difficult-to-recycle agricultural plastics into usable hydrocarbon products, enhancing resource recovery and circularity in agriculture [2][3] Group 2: Phases of Collaboration - **Phase A**: Laboratory feasibility trials will involve testing agricultural plastic waste samples to assess sorting, pre-treatment requirements, and processing efficiency [4] - **Phase B**: This phase will focus on scale-up trials using larger volumes of agricultural plastics, evaluating system performance and developing a techno-economic model [5] - **Phase C**: Contingent on successful outcomes from Phases A and B, this phase will explore the integration of agricultural plastics as feedstock in Aduro's planned demonstration plant [6][7]
Liquidity Services Announces Second Quarter Fiscal Year 2025 Financial Results
Globenewswire· 2025-05-08 10:55
Core Insights - Liquidity Services reported significant financial growth in Q2 FY25, with GMV reaching $367.4 million, a 15% increase from $319.4 million in Q2 FY24, and revenue of $116.4 million, up 27% from $91.5 million in the same quarter last year [3][4][6] - The company successfully expanded its market presence and service offerings, attracting new clients and optimizing its operations despite economic uncertainties [1][2] Financial Performance - GMV for Q2 FY25 was $367.4 million, reflecting a 15% year-over-year increase [3] - Revenue for the same period was $116.4 million, marking a 27% increase compared to the previous year [4] - GAAP Net Income was $7.1 million, up 24% from $5.7 million in Q2 FY24, with GAAP Diluted EPS of $0.22, a 22% increase [6][11] - Non-GAAP Adjusted Net Income for Q2 FY25 was $10.0 million, or $0.31 per share, compared to $8.4 million, or $0.27 per share in Q2 FY24 [11][22] Segment Performance - GMV in the RSCG segment increased by 29%, driven by existing and new retail client programs [7] - GMV in the CAG segment grew by 14%, primarily from the heavy equipment category [7] - The GovDeals segment saw a 9% increase in GMV, attributed to new seller acquisition and service expansion [7] - Revenue in the RSCG segment surged by 46%, while the CAG segment's revenue decreased by 22% due to prior year large international transactions [7] Market Trends and Outlook - The company anticipates continued growth in the third quarter of FY25, with GMV expected to range between $395 million and $430 million [12][14] - The GovDeals segment is expected to enter a seasonally high quarter, contributing to overall revenue growth [13] - The company is well-positioned to capitalize on emerging opportunities despite global economic uncertainties [2][12] Operational Metrics - Registered buyers increased by 9% year-over-year to approximately 5.8 million [15] - Auction participants decreased by 14% to approximately 982,000, reflecting the closure of certain consumer auction locations [15] - Completed transactions also saw a 14% decline, totaling approximately 258,000 [15] Cash Position - The company reported cash balances of $149.0 million with zero financial debt, indicating a strong liquidity position [6]