Author: Jordy Leo

01 Jun Toyota’s Trading Arm Buys Japanese Renewables Firm for Green Transition

Posted at 15:37 by Jordy Leo

Toyota Tsusho [8015:JP], the trading arm of Toyota Group [7203:JP], will pay JPY185bn (USD1.43bn) to purchase the remaining 40% equity in Japanese renewable company Eurus Energy from Tokyo Electric Power [9501:JP], as reported by Bloomberg on May 26. Eurus Energy develops renewable power projects worldwide...

01 Jun Beijing Police Investigate Commercial Covid Test Labs over Alleged Fraud

Posted at 15:17 by Jordy Leo

Beijing police are investigating three COVID-19 mass testing laboratories under the accusation of fraud testing which led to inaccurate results, as reported by South China Morning Post on May 30. The police have detained eight employees from Beijing Zhongtong Lanbo Medical Testing Laboratory, a lab...

31 May China’s MEE to Trial Incentive Mechanism for Climate Investment and Finance

Posted at 20:50 by Jordy Leo

China’s Ministry of Ecology and Environment (MEE) is about to pilot a market-oriented incentive mechanism for climate investment and finance, in order to realize the country’s commitment to peaking carbon emissions by 2030 and reaching carbon neutrality by 2060, as reported by Shanghai Securities News...

31 May Thailand Mulls Tax Incentives to Drive Green Push

Posted at 20:38 by Jordy Leo

The Thai government is considering tax incentives to companies that align with the government’s efforts to reduce carbon emissions, as reported by Bangkok Post on May 30. According to Jinanggoon Rojananan, Deputy Secretary-General of Thailand’s National Economic and Social Development Council, tax incentives are needed...

26 May Hyundai Motor to Spend USD12.8bn on Developing EV and Eco-Friendly Cars

Posted at 13:19 by Jordy Leo

South Korean automaker Hyundai Motor [005380:KS] will invest KRW16.2tr (USD12.8bn) in all-electric and other eco-friendly vehicles, including hydrogen cars, plug-in hybrids, and purpose-built vehicles (PBVs), as reported by Korea Economic Daily on May 25. This is part of the group’s plan of injecting KRW63tr (USD50bn)...

26 May SK Ecoplant Invests USD80m in Malaysia’s Waste Management Firm

Posted at 13:03 by Jordy Leo

SK Ecoplant, the green business unit of SK Group [210980:KS], signed an agreement with the Malaysian government’s sovereign wealth fund Khazanah Nasional Berhad to purchase a 30% stake in Cenviro Sdn Bhd, Malaysia’s first integrated waste management company, as reported by Korean Economic Daily on...

25 May Mitsui, Mitsubishi, TotalEnergies Participate in Carbon Capture Project in Louisiana

Posted at 16:53 by Jordy Leo

Japan’s Mitsui [8031:JP], Mitsubishi [8058:JP], and France’s TotalEnergies [TTE:FP] have signed an agreement with US energy company Sempra Energy’s [SRE:US] natural gas unit to develop a carbon capture project in Louisiana, as reported by Reuters on May 23. According to Sempra, the project, named Hackberry...

25 May COFCO International Abstains from Deforestation in Soy Supply Chain

Posted at 16:38 by Jordy Leo

COFCO International, affiliated with China’s largest food processor COFCO Group, pledged to eliminate deforestation and land conversion in its soy supply chain by 2030 in environmentally sensitive regions of South America such as the Amazon and Cerrado, as reported by Reuters on May 23. The...

25 May Thai Coal Miner Banpu Buys Gas Business from ExxonMobil for Green Transition

Posted at 12:50 by Jordy Leo

Thai coal miner Banpu Public Company [BANPU:TB] has purchased the natural gas and midstream gas business from XTO Energy and Barnett Gathering, two subsidiaries of the US energy giant ExxonMobil [XOM:US], as reported by Nikkei Asia on May 21. The USD750m deal is expected to...

25 May Lotte Chemical to Invest USD7.9bn on Battery Materials and Hydrogen

Posted at 12:37 by Jordy Leo

South Korea’s major chemical firm Lotte Chemical [011170:KS] plans to invest KRW10tr (USD7.9bn) into new businesses in battery materials and hydrogen energy by 2030, as reported by Nikkei Asia on May 20. Specifically, the company will allocate KRW4tr (USD3.2bn) to the battery material businesses and...

25 May Japan Requires Big Companies to Disclose Gender Pay Gaps

Posted at 12:24 by Jordy Leo

Japanese Prime Minister Fumio Kishida promised on May 20 to mandate big enterprises to report gender wage gaps, as reported by Reuters on the same day. The new rules, aiming to solve long-term gender-based inequalities, will cover 17,650 companies with more than 301 employees. The...

18 May G7 to Help Indonesia, Vietnam, India, and Senegal Phase Out Coal

Posted at 18:16 by Jordy Leo

The Group of Seven (G7) will expand an initiative to help developing countries, including Indonesia, Vietnam, India, and Senegal, phase out coal, as reported by Nikkei Asia on May 16. At the COP26 global climate summit last October, the G7 launched the initiative, offering USD8.5bn...

18 May China’s Largest Academic Database CNKI Receives Antitrust Investigation

Posted at 18:08 by Jordy Leo

China’s State Administration for Market Regulation (SAMR) launched an antitrust investigation into China’s largest online academic database China National Knowledge Infrastructure (CNKI) on May 13, as reported by South China Morning Post on the same day. The probe came after China’s top research group, the...

18 May Chevron and ExxonMobil to Engage in Low-Carbon Business in Indonesia

Posted at 17:50 by Jordy Leo

US energy companies Chevron [CVX:US] and ExxonMobil [XOM:US] have separately inked agreements with Indonesia’s state-owned refiner PT Pertamina to explore business opportunities in Indonesia’s low-carbon technology development, as reported by Reuters on May 13. Chevron seeks potential business in new geothermal technology, carbon offsets through...

18 May SK Group Teams up with Bill Gates’ TerraPower for Small Nuclear Reactor

Posted at 17:36 by Jordy Leo

SK Group [034730:KS], South Korea’s second-largest conglomerate, formed a partnership with Bill Gates-backed nuclear power venture TerraPower to develop a small modular reactor (SMR) business, as reported by Korea Economic Daily on May 17. SK Group stated that it hopes to explore business opportunities brought...