Author: Jordy Leo

07 Sep Mizuho Launches EUD800m Green Bond Offering

Posted at 13:20 by Jordy Leo

Mizuho Financial Group (MHFG) [8411:JP], the controller of Japanese megabank Mizuho Bank, has issued a EUD800m (USD796.2m) green bond to finance environmental-friendly projects, as reported by ESG Today on September 5. This represents the largest euro-denominated green bond issued by a Japanese financial institute. This...

07 Sep China Revises Law on Quality and Safety of Agricultural Products

Posted at 13:07 by Jordy Leo

China’s top legislature, the Standing Committee of the National People's Congress, passed the revised Law on Quality and Safety of Agricultural Products, as reported by Caixin on September 4. According to the revised law effective from January 1, 2023, government departments in charge of rural...

07 Sep Iberdrola Pledges up to USD3bn Investment in Australian Renewables

Posted at 12:53 by Jordy Leo

Spanish utility Iberdrola SA [IBE:SM] has pledged to invest EUD2bn to 3bn (USD1.98bn to 2.97bn) in the coming years to expand its renewable energy deployment in Australia, as reported by PV Tech on September 6. At present, in Australia, the utility has two gigawatts (GW)...

06 Sep SK Ecoplant Invests USD50m in US Battery Recycling Firm Ascend Elements

Posted at 16:44 by Jordy Leo

SK Ecoplant, the green business unit of SK Group [210980:KS], signed a stock purchase agreement to inject USD50m into US-based lithium-ion battery recycling firm Ascend Elements, as reported by Korea Economic Daily on September 1. Ascend Elements has effective technologies to extract rare metals individually...

06 Sep South Africa’s Sasol and Japan’s Itochu Team up for Green Hydrogen Projects

Posted at 16:04 by Jordy Leo

South African petrochemical company Sasol [SOL:SJ] and Japanese trading house Itochu [8001:JP] announced a partnership to develop green hydrogen and green ammonia projects for shipping fuel and power generation, as reported by Reuters on September 2. The two companies signed a memorandum of understanding (MOU)...

01 Sep Sinopec Puts China’s Largest CCUS Project into Operation

Posted at 12:08 by Jordy Leo

Sinopec [0386:HK], one of China’s three major state-owned oil and gas producers, has started the operation of the country’s largest carbon capture, utilization, and storage (CCUS) facility in east China, with plans to build two additional plants of similar size by 2025, as reported by...

01 Sep Indian Gas Producer GAIL Vows Net-Zero Emissions by 2040

Posted at 12:04 by Jordy Leo

GAIL (India) Limited [GAIL:IN], India’s largest gas producer, has set a target to achieve net-zero emissions from its operations by 2040, as reported by Reuters on August 26. According to GAIL Chairman Manoj Jain, the company’s net-zero aim is in line with India’s vision to...

01 Sep Singapore Seeks High-Quality International Carbon Credits in Deals with Verra, Gold Standard

Posted at 12:01 by Jordy Leo

Singapore’s National Environment Agency (NEA) has signed separate memorandums of understanding (MOU) with Gold Standard and Verra, two of the world's largest international carbon offset standard programs, as reported by Strait Times on August 30. The MOUs support businesses in Singapore in using eligible carbon...

31 Aug JFE Steel to Build an Electric Arc Furnace to Replace Blast Furnace

Posted at 15:30 by Jordy Leo

Japan’s second-largest steelmaker JFE Steel [5411:JP] plans to transform one of its blast furnaces into an electric arc furnace (EAF) by 2028, as reported by Nikkei Asia on August 26. This will be the first time that any of Japan’s three major steel enterprises plan...

31 Aug Samsung and LG to Boost Use of Recycled Materials in Electronics

Posted at 15:26 by Jordy Leo

South Korean tech giants Samsung Electronics [005930:KS] and LG Electronics [066570:KS] will exhibit various products made from recycled materials at the IFA 2022 on September 2 to parade their efforts in making environmental-friendly products, as reported by the Korea Economic Daily on August 29. At...

31 Aug China Calls out 47 Apps for Violating Users’ Data Privacy Rights

Posted at 15:19 by Jordy Leo

China’s Ministry of Industry and Information Technology (MIIT) released a list of 47 apps that violate users’ rights following the latest round of security and data collection investigation, as reported by South China Morning Post on August 29. According to the document, the China app...

25 Aug Japan’s NEXI Provides Loan Insurance for Decarbonization Projects in Africa

Posted at 14:08 by Jordy Leo

Japan’s state-owned Nippon Export and Investment Insurance (NEXI) will team up with the African Export-Import Bank (Afreximbank) to support the decarbonization projects in Africa through new financing and insurance framework, as reported by Nikkei Asia on August 23. At the eighth Tokyo International Conference on...

25 Aug Australia to Introduce Rules on Vehicle Emissions and Promote EV Sales

Posted at 14:01 by Jordy Leo

The Australian government announced a plan to lay out new regulations targeting vehicle carbon emissions to promote the use of electric vehicles (EVs), as reported by Reuters on August 19. According to the Minister for Energy and Climate Change, Chris Bowen, the government will issue...

25 Aug Chinese Dairy Producer Maiquer Fined RMB73.2m for Unauthorized Milk Additives

Posted at 13:52 by Jordy Leo

China’s Xinjiang-based dairy producer Maiquer Group [002719:CH] has been fined RMB73.2m (USD10.7m) by local market supervision bureaus for adding propylene glycol, a mildly toxic additive, to its pure milk, as reported by Caixin Global on August 23. Previously, on June 30, a county market regulator...

24 Aug China’s Green Bond Issuance Doubles in the First Half of The Year

Posted at 17:24 by Jordy Leo

China issued USD57.8bn worth of bonds to fund climate change solutions in the first half of 2022, roughly doubling from the same period last year, as reported by Nikkei Asia on August 19. Data was published by the US-based Intercontinental Exchange (ICE) [ICE:US]. Green bond...