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Vioneo to debut fossil-free plastics at K2025 trade fair
Yahoo Finance· 2025-09-29 11:19
Core Insights - Vioneo, a producer of fossil-free plastics, will debut its polyethylene and polypropylene made from green methanol at K2025, a global trade exhibition for the plastics and rubber sectors in Düsseldorf, Germany from October 8 to 15, 2025 [1][4] - The company's plant in Antwerp, Belgium, has an annual production capacity of 300,000 tons of fossil-free virgin plastics [1] - Vioneo's production process can prevent up to 6 kg of CO₂ emissions for every kilogram of plastic produced, demonstrating the environmental benefits of their technology [2] Production Technology - Vioneo utilizes methanol-to-olefins processes with renewable feedstocks to produce commercially viable polyethylene and polypropylene that perform comparably to conventional materials [2] - The company claims that its fossil-free plastics can be seamlessly integrated into existing manufacturing operations without compromising processing efficiency or product performance [3] Market Demand and Sustainability - Vioneo emphasizes the necessity of alternative production methods in Europe to sustainably meet the growing demand for plastics, as recycling and reuse are projected to fulfill only about half of global plastics demand by 2050 [3][4] - The company is the first to introduce a large-scale solution for producing fossil-free virgin plastics, highlighting the urgency for Europe to accelerate the development of green-methanol-to-olefins (MTO) technologies [4]
Roche's US subsidiary Genentech breaks ground on state-of-the-art manufacturing facility in North Carolina, USA
GlobeNewswire News Room· 2025-08-25 18:30
Core Points - Genentech has commenced construction on its first manufacturing facility on the East Coast, located in Holly Springs, North Carolina, which will support the production of metabolic medicines, including obesity treatments [1][2] - The initial investment for this facility exceeds $700 million and is part of Roche's broader commitment of $50 billion towards US manufacturing infrastructure and R&D [2][8] - The facility is expected to create over 1,900 jobs and is strategically located in a growing biopharmaceutical hub with access to a skilled workforce and leading academic institutions [2][8] Facility Details - The new facility will cover an area of 65,000 m² and is designed to incorporate modern biomanufacturing technologies, advanced automation, and digital capabilities [3] - It is projected to be operational by 2029 and will enhance Roche's manufacturing capacity and supply chain resilience [3][4] - The facility will also allow for future expansion on the 400,000 m² lot [3] Company Background - Roche, founded in 1896, is the world's largest biotechnology company and a leader in in-vitro diagnostics, focusing on developing innovative medicines and diagnostics [5][6] - The company has a long-standing commitment to sustainability and aims to achieve net zero by 2045 [6]
Adjusted EBITDA reached $55.4 million in 2Q25. Leveraging on our production and commercial flexibility to mitigate lower global prices across our businesses
Prnewswire· 2025-08-18 20:30
Financial Performance - Adecoagro S.A. reported an Adjusted EBITDA of $68.1 million for the Sugar, Ethanol & Energy business in 2Q25, which is a decrease of 36.3% year-over-year [3] - The Farming business saw an Adjusted EBITDA of $1.1 million in 2Q25, down $36.7 million year-over-year [6] - Overall, Adjusted EBITDA for the company was down 60.5% in 2Q25 compared to the previous year, primarily due to losses in biological assets and higher costs [9] Sales and Production - Gross sales decreased by 1.4% year-over-year in 2Q25, attributed to lower prices for most products, while accumulated sales increased by 9.9% due to higher volumes sold, especially in ethanol [9] - The company achieved record production in its Rice operations, contributing positively to the Farming business [6] Cost and Pricing - The cost of production for the year-to-date was reported at 9.0 cents per pound, an increase from 7.9 cents per pound in the same period last year [5] - There were year-over-year losses in the mark-to-market of biological assets and agricultural produce due to lower prices [7] Debt Management - Adecoagro issued $500 million in Senior Notes due 2032 with a 7.50% coupon, using proceeds to fund a cash tender offer for its Senior Notes due 2027 [8][10] - The company improved its debt maturity profile and financial flexibility through this transaction [10] Shareholder Distribution - As of the report date, Adecoagro committed $45.2 million to shareholder distributions, including $10.2 million for share repurchases and $35.0 million for cash dividends [11]
Nasdaq grants Graphjet Technology’s request to continue its listing
Globenewswire· 2025-07-28 10:00
Company Overview - Graphjet Technology has received a decision letter from the Nasdaq Hearings Panel allowing it to continue its listing on Nasdaq, contingent upon compliance with specific listing rules by set deadlines [1][2][3] - The company specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells, utilizing patented technology [7] Compliance and Regulatory Requirements - The company must demonstrate compliance with the Bid Price Rule by August 29, 2025, and the Periodic Filing Rule by September 15, 2025 [2] - An update on the company's fundraising plans is required by September 30, 2025 [2][3] Market Opportunities - Graphjet is positioned to benefit from China's export restrictions on graphite and increased tariffs on graphite imports to the US, leading to a global shortage of graphite [5] - The company’s production method, which uses recycled agricultural waste, allows it to provide an alternative source of graphite for electric vehicle batteries [5] Expansion Plans - The company plans to build a manufacturing plant in Nevada, which is expected to create new job opportunities and support the electric vehicle market amid graphite supply shortages [6]
Graphjet to boost its capacity and capabilities
Globenewswire· 2025-07-21 12:45
Core Insights - Graphjet Technology is set to receive new equipment and machinery in Malaysia, which is expected to significantly enhance production capacity and capabilities [1][2] - The new equipment can produce approximately seven times more than the existing machinery, improving both the quantity and quality of graphite produced [2] - The company aims to meet the growing demand for environmentally friendly graphite, particularly for applications in EV batteries and semiconductors [3] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells [4] - The company holds a patented technology that recycles palm kernel shells, positioning itself as a sustainable player in the graphite and graphene supply chain [4]
Graphjet Technology Discloses Stay of Suspension and Nasdaq Hearing Date
Globenewswire· 2025-06-16 23:52
Core Points - Graphjet Technology received a letter from Nasdaq on June 12, 2025, indicating that the suspension of trading for its Class A Ordinary Shares has been stayed pending a final decision by the Nasdaq Hearing Panel [1] - The hearing is scheduled for July 17, 2025, allowing the company's shares to continue trading on Nasdaq until that date [1] - The company was previously notified on June 4, 2025, that it was not in compliance with Nasdaq Listing Rule 5250(c)(1) due to delays in filing its Annual Report for the period ended September 30, 2024, and Quarterly Reports for the periods ended December 31, 2024, and March 31, 2025 [2] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells [4] - The company claims to have the world's first patented technology for recycling palm kernel shells into single-layer graphene and artificial graphite [4] - Graphjet's sustainable production methods aim to transform the global graphite and graphene supply chain [4]
Hiab invests EUR 19 million on its Multilift demountables facility expansion in Raisio, Finland
Globenewswire· 2025-05-15 12:00
Core Points - Hiab Corporation is investing EUR 19 million to expand and modernize its Multilift demountables production facility in Raisio, Finland [1] - The construction is set to begin in autumn 2025 and is expected to be completed by 2027, with no disruptions to current production [2] - The expansion aims to enhance production capabilities, improve employee well-being, and support sustainability goals [3] Investment Details - The investment will modernize production and office facilities, reduce energy consumption, and include a new showroom [1] - This year's expenditure is part of Hiab's total capital expenditure estimate of approximately EUR 80 million for 2025 [2] Facility Background - The Raisio plant has been operational since the late 1950s, with the current facility completed in the late 1970s to early 1980s [4] - The modernization follows previous development activities, including a major layout change and the implementation of a new factory production model [4] Company Overview - Hiab is a leading provider of smart and sustainable on-road load-handling solutions, with sales totaling approximately EUR 1.6 billion in 2024 and over 4,000 employees [5] - The company operates globally with a network of 3,000 sales and service locations, delivering to over 100 countries [5]
Graphjet Technology Discloses Notice from Nasdaq
GlobeNewswire News Room· 2025-03-06 21:30
Core Points - Graphjet Technology received a notice from Nasdaq regarding non-compliance due to delays in filing its Quarterly Report on Form 10-K and Annual Report on Form 10-Q [1][2] - The company has until April 29, 2025, to submit a plan to regain compliance, with a potential extension until July 14, 2025, if the plan is accepted [2] - Graphjet is actively working to complete the required filings [3] Company Overview - Graphjet Technology, founded in 2019 in Malaysia, specializes in producing graphene and graphite from agricultural waste, specifically palm kernel shells [4] - The company holds the world's first patented technology for recycling palm kernel shells into single-layer graphene and artificial graphite [4] - Graphjet aims to transform the graphite and graphene supply chain through sustainable production methods [4]