Loop Industries Announces Signed Letter of Intent With On AG to Secure Volumes From Planned Infinite Loop(TM) Manufacturing Facility in Ulsan, South Korea

MONTREAL, QUEBEC, May 15, 2023 – (ACN Newswire) – Loop Industries, Inc. (Nasdaq:LOOP) (the "Company" or "Loop"), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate ("PET") plastic and polyester fiber, and On AG ("On"), a sportswear brand and a subsidiary of On Holding AG, today announced a Letter of Intent ("LOI") has been signed by On to secure volumes of 100% recycled virgin quality Loop(TM) PET resin from the upcoming Asian Infinite Loop(TM) manufacturing facility in Ulsan, South Korea, which Loop is planning with its strategic partner SK Geo Centric. The Ulsan manufacturing facility is anticipated to break ground by end of this year.

The signed LOI follows a two-year period of collaboration between Loop and On, throughout which time a technical due diligence was completed, validating Loop's technology and Loop(TM) PET resin was tested in On's product. This partnership will provide On the ability to produce sustainable footwear and apparel using recycled materials and without the need for polyester fiber created from fossil fuels, which helps to reduce PET waste and the manufacturing footprint for On.

"Circularity is a main pillar in On's sustainability process. We are happy to see that Loop is bringing their technology to commercial scale," said Ilmarin Heitz, Head of Innovation at On. "This marks another huge step towards closing the fiber-to-fiber loop within the textile industry."

"Loop's technology enables fiber to fiber recycling, providing brands like On with a closed-loop solution to their supply chain," said Giovanni Catino, Vice President of Sales and Business Development. "We anticipate that 60% of the feedstock utilized at our planned commercial manufacturing facility in Ulsan to come from polyester fibers which presents a significant opportunity for circularity for this material."

Loop Industries is leading the way in sustainable and circular solutions for PET waste, allowing materials to be infinitely recycled without loss of quality or performance. Loop's breakthrough technology enables low value PET waste to be upcycled into 100% recycled virgin-quality Loop(TM) PET resin which can be used in plastic products and food-grade packaging as well as polyester fiber applications. In addition to low value PET plastic waste, Loop also utilizes polyester fiber waste as feedstock in its process. By upcycling these materials, Loop's technology helps supply brands with sustainable, recycled polyester fabric and offers a closed loop solution to the textile industry. This unique fiber to fiber recycling process is achieved through Loop's patented depolymerization technology.

By leveraging Loop's technology and securing volume at the upcoming Ulsan, South Korea manufacturing facility, On is implementing a bold and sustainable footwear strategy in the industry, taking a giant step forward in circularity. The partnership between Loop Industries and On showcases how brands can transition to a sustainable, environmentally friendly solution where materials can be recycled infinitely.

About On

On was born in the Swiss Alps with one goal: to revolutionize the sensation of running by empowering all to run on clouds. Thirteen years after market launch, On delivers industry-disrupting innovation in premium footwear, apparel, and accessories for high-performance running, outdoor, and all-day activities. Fueled by customer-recommendation, On's award-winning CloudTec(R) innovation, purposeful design and groundbreaking strides in sportswear's circular economy have attracted a fast-growing global fanbase – inspiring humans to explore, discover and dream on. On is present in more than 60 countries globally and engages with a digital community on www.on.com.

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world's shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality Loop(TM) branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. Loop(TM) PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol "LOOP." For more information, please visit www.loopindustries.com.

Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

Forward-Looking Statements

This news release contains "forward-looking statements" as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words "intends," "may," "will," "plans," "expects," "anticipates," "should," "could," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or "continue" the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop's market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop's addressable market, market trends, and the effectiveness of Loop's internal control over financial reporting. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond Loop's control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) adverse effects on the Company's business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (x) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xi) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xii) the outcome of any SEC investigations or class action litigation filed against us, (xiii) our ability to hire and/or retain qualified employees and consultants, (xiv) other events or circumstances over which we have little or no control, and (xv) other factors discussed in Loop's subsequent filings with the Securities and Exchange Commission ("SEC"). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop's filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC's web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

For More Information:
Investor Relations:
Kevin C. O'Dowd, Vice-President Communications & Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com

Media Inquiries:
Andrea Kostiuk, VP Marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

SOURCE: Loop Industries, Inc.

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

HKTDC and Dun & Bradstreet Hong Kong join forces to help SMEs enhance ESG competitiveness

HONG KONG, May 15, 2023 – (ACN Newswire) – The Hong Kong Trade Development Council (HKTDC) and Dun & Bradstreet (HK) Limited (D&B) announced a new partnership to help small and medium-sized enterprises ("SMEs"), start-ups, and Micro-, Small and Medium-sized Enterprises ("MSMEs") with green transformation by offering a comprehensive range of quality ESG registered services, namely D&B ESG Registered(TM).

Mr Andrew Wu (L), Managing Director of Dun & Bradstreet China – Mainland China & HKSAR and HKTDC Deputy Executive Director Dr Patrick Lau (R), announce a new partnership between the two organisations to enhance SMEs' ESG competitiveness.

D&B ESG Registered is a badge from an industry-trusted source signifying company's commitment to ESG disclosure.

As a leading global provider of business decisioning data and analytics and the HKTDC's recognised ESG partner, D&B further demonstrates its commitment in promoting environmental, social and governance (ESG) to companies, large and small, in Hong Kong to enhance their competitiveness and drive growth.

A D&B ESG Registered badge and profile will be presented to companies that have successfully completed the required assessment as a recognition of commitment to disclosing ESG data. This ESG service aims to support companies to expand their business, enhance their reputation and attract investors, while achieving their net-zero targets.

Drive sustainable ecosystem for SMEs

Managing Director of Dun & Bradstreet China – Mainland and Hong Kong SAR Mr Andrew Wu said: "Dun & Bradstreet is privileged to be part of it to support and drive a sustainable ecosystem for SMEs. To have our ESG solutions recognised by HKTDC, a statutory body in HK, for not just large corporations and listed companies, but also the SMEs, start-ups and the MSMEs… as the UNSDGs' (United Nations Sustainable Development Group) motto states, "Leave no one behind".

Dun & Bradstreet Hong Kong as the recognised Environmental, Social, and Governance (ESG) partner of Hong Kong Trade Development Council (HKTDC) sets an excellent example of D&B's strong reputation as a global provider of reliable business decisioning data and analytics."

HKTDC Deputy Executive Director Dr Patrick Lau said: "We are pleased to join hands with Dun & Bradstreet (HK) Limited to support Hong Kong enterprises in capitalising on the global trend towards sustainability."

Under the partnership, D&B will provide discounted ESG registered services for members of HKTDC's Transformation Sandbox (T-box), a comprehensive business support programme launched in April 2020 to help SMEs upgrade and transform. "We are certain that local companies will enhance their ESG competitiveness with the help of a world-leading service provider in the field, such as Dun & Bradstreet," Dr Patrick Lau added.

Photo download: https://bit.ly/42rsh6A

About Dun & Bradstreet

Dun & Bradstreet, a leading global provider of business decisioning data and analytics, enables companies around the world to improve their business performance. Dun & Bradstreet's Data Cloud fuels solutions and delivers insights that empower customers to accelerate revenue, lower cost, mitigate risk and transform their businesses. Since 1841, companies of every size have relied on Dun & Bradstreet to help them manage risk and reveal opportunity. For details, please visit www.dnb.com.hk

About HKTDC

The Hong Kong Trade Development Council (HKTDC) is a statutory body established in 1966 to promote, assist and develop Hong Kong's trade. With 50 offices globally, including 13 in Mainland China, the HKTDC promotes Hong Kong as a two-way global investment and business hub. The HKTDC organises international exhibitions, conferences and business missions to create business opportunities for companies, particularly small and medium-sized enterprises (SMEs), in the mainland and international markets. The HKTDC also provides up-to-date market insights and product information via research reports and digital news channels. For more information, please visit: www.hktdc.com/aboutus. Follow us on Twitter @hktdc and LinkedIn

About HKTDC Transformation Sandbox ("T-box")

The HKTDC Transformation Sandbox (T-box) is a SME support programme that helps businesses to enhance competitiveness and achieve transformation goals in the areas of branding, e-commerce, manufacturing relocation and new markets. The programme is offered free of charge and is open to all companies registered in Hong Kong. For details, please visit https://smesupport.hktdc.com/en/s/tbox

Media enquiries
Dun & Bradstreet (HK)
May Lo
Tel: +852 2516 1294
Email: LoS@dnb.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PLN and Government of East Nusa Tenggara commit to ensuring the success of the ASEAN Summit

JAKARTA, May 12, 2023 – (ACN Newswire) – PT PLN (Persero) shows its readiness to support the 42nd ASEAN Summit on 9th-11th of May 2023 in Labuan Bajo, East Nusa Tenggara (NTT). This commitment is conveyed by President Director of PLN, Darmawan Prasodjo during his speech in electricity standby rally with the Governor of NTT, Viktor Laiskodat at the Flores Gas Engine Power Plant (PLTMG), Rangko, East Nusa Tenggara, Sunday (7/5).

President Director of PLN, Darmawan Prasodjo (middle) inspecting the electrical support
for the ASEAN Summit in Labuan Bajo, East Nusa Tenggara.

"The electricity for ASEAN Summit in Labuan Bajo will be supplied by Flores System with the capacity of 105.38 megawatts (MW) and the estimated peak load during the event is 89.93 MW, so the power reserve is very sufficient," said Darmawan.

PLN also made extensive preparations to safeguard the electricity provisions at prioriy locations. A total of 70 Uninterruptible Power Supply (UPS), 35 mobile substations, 31 generators, and 93 operational vehicles have been deployed to ensure the consistency of supply throughout the Summit.

"Behind all that, we have also deployed more than 600 highly qualified field officers," said Darmawan. PLN also ensured the readiness of supporting infrastructure such as Public Electric Vehicle Charging Stations (SPKLU) to support the needs of 282 units of delegation and security electric vehicles, as well as 89 units of operational vehicles.

"PLN ensures that the availability of SPKLU is sufficient to meet the needs of electric vehicles during the ASEAN Summit. There are 7 Ultra-Fast Charging SPKLU units at the West Manggarai Regent's Office, 1 Fast-Charging SPKLU unit in Ujung Village, and 100 Home-Charging spread across seven strategic locations," said Darmawan.

Darmawan also explained that the strengthening of the electricity system that PLN had prepared in Labuan Bajo was more than usual. Starting from the addition of power reserves to the interconnection system.

"As one of the Super Priority Tourism Destinations, Labuan Bajo is one of our focused area, so we are preparing the infrastructure from now on. In the future, we are optimistic that there will be more international events here and Labuan Bajo will become a favorite destination for all visitors who have contributed to drive economic growth in NTT and even for national growth," said Darmawan.

He also explained that the preparation of electricity infrastructure in NTT was also carried out more quickly. "Last year, preparation for the G20 Summit took almost a year, PLN successfully supported this international. Now, preparation for the ASEAN Summit are faster, only two months. Not because we are chasing targets, but because PLN's electricity system is better organized," Darmawan explained.

Governor of NTT, Viktor Laiskodat, appreciated PLN's steps in ensuring electricity supply for the ASEAN Summit.
"I give respect to PLN's support for the ASEAN Summit in NTT. PLN is so well-prepared that I can sleep more soundly when I come home from this meeting, Previously, international events were always in Jakarta or Bali, now NTT is ready to host," Viktor explained.

He also hopes that the collaboration between PLN and the Government of NTT can take place in a sustainable manner. "Energy is not a commodity, energy is infrastructure. If there is energy anywhere, economic growth will be there. This province will be one of the richest provinces in Indonesia in the next 15-20 years. Because if renewable energy becomes a guide for future energy, then NTT is one of the NRE reservoirs," said Viktor.

Viktor also said that the ASEAN Summit was a momentum for NTT to rise the regional economic growth. "Thank you for the dedication PLN has given to this republic, nation and country. Let's make the 42nd ASEAN Summit a success, may God always be with us all," said Viktor.

About PLN

PT PLN (Persero) is a state-owned electricity company that continues to be committed and innovative in carrying out a mission to illuminate and move the nation. With a vision to become the leading electricity company in Southeast Asia, PLN is moving towards becoming the number one choice for energy solutions. PLN is committed to transformation with aspirations of being Green, Lean, Innovative, and Customer Focused to provide electricity for a better life. PLN can be contacted through the PLN Mobile application available on the PlayStore or AppStore. https://web.pln.co.id/

Contact:
Gregorius Adi Trianto
Executive Vice President, Corporate Communications & CSR, PLN
Tel. +62 21 7261122

Source: PT. Perusahaan Listrik Negara (Persero) [IDX: PLN]

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Ukrainian Nuclear Workers Chronicle Impact of War in New Book

VIENNA, AUSTRIA, May 11, 2023 – (ACN Newswire) – The World Institute for Nuclear Security (WINS) will launch Voices of Ukraine: Volume I on 15 May 2023 at Sofiensale in Vienna, Austria.

Rocket lodged in the road to Chornobyl
(Source: SSE Central Enterprise for Radioactive Waste Management)

The book contains direct testimony of nuclear workers in Ukraine and examines the impact of the Russian war on the personal level and on global and nuclear security.

The launch features testimony from five nuclear workers and addresses by:
– Minister German Haluschenko, Minister of Energy of Ukraine
– Mr Petro Kotin, Director General of Energoatom
– Ambassador Yevhenii Tsymbaliuk, Permanent Representative of Ukraine to the International Organisations
– Ambassador Laura S H Holgate, US Ambassador to the Vienna Office of the United Nations and the International Atomic Energy Agency

"More than a year ago, President Putin launched a terrible war of aggression against Ukraine. By including the nuclear ruins of Chornobyl in the war, the Russian army put at risk the health and security of all people in Ukraine but also of Ukraine's neighbours and the whole of Europe," Alexander Van der Bellen, Federal President of the Republic of Austria, wrote in a letter of support. "The Voices of Ukraine project is an important building block in efforts to document these violations of international law and enable the international community to draw conclusions, both in terms of prosecuting possible crimes and of dealing with such acts of war."

"Voices of Ukraine [will] draw the attention of the entire world community to the risks to which Russia exposes the entire energy infrastructure of Ukraine, especially nuclear," Petro Kotin, Director General of Energoatom, said. "Only thanks to the courage of nuclear workers, who remain loyal to Ukraine, a disaster didn't happen."
The governments of Canada, Norway, Sweden and the USA funded this project.

In the book, individuals share their deeply personal choices – when to seek refuge abroad; whether to continue their work or join the armed forces – and the impact of the war on the nuclear sector.

WINS is an international non-governmental organisation committed to building a global community of nuclear security professionals who are willing to work together to strengthen the security of nuclear and other radioactive materials. WINS' primary purpose is to improve the professionalism and competence of all those involved in nuclear security so nuclear and other radioactive materials are not used for terrorist or other criminal purposes by any actor, whether State or non-State.

More information, quotes and photos
Contact Information
Suzanne Carlson
Communications and Learning Strategist
suzanne.carlson@wins.org

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BLUETTI Makes Mother’s Day Special with Various Power Solutions

SYDNEY, AU, May 8, 2023 – (ACN Newswire) – BLUETTI announces a special promotion for Mother's Day from May 6th to 18th. This event features BLUETTI's top-notch power solutions to make Mother's Day celebration memorable.

Celebrate Mother's Day with BLUETTI

Spoiling Mom With a Relaxing Outing

There's no better way to spend quality time with moms than an outdoor excursion such as camping, hiking, or climbing. For more enjoyable outdoor experience, a portable power station like the BLUETTI EB3A, or EB70 is a must-have. They weigh between 4.6kg to 9.7kg and are easy to carry around. With multiple outputs and charging options, including solar input via PV200, they can charge electronics and outdoor essentials anytime.

Empower Road Trip With Mom

Going on a road trip with Mom will create lasting memories. BLUETTI classic model AC200P is perfect for off-grid living. It comes with 2,000W power that can run most RV appliances easily, such as hair dryers, refrigerators, micro ovens, heaters, air fryers, and more. For an extended stay, connect the AC200P with B230 to expand its capacity to 4,048Wh, adding more power supply.

Gift Mom Solid Power & Great Convenience

Give mom these home battery systems–BLUETTI AC500 and AC300, which can be lifesavers during power outages. They both have a responsive UPS function that takes over within 20 milliseconds of detecting an outage. The 5,000W AC500 can work with B300S for a flexible capacity ranging from 3,072Wh to 18,432Wh, – enough power for household emergencies lasting up to a few days. While the modular AC300 can also hold max 12,288Wh energy and supply 3,000W power for nearly all home appliances and high-powered tools.

Warm Greetings to All Great Mothers

BLUETTI sends warm greetings to all super moms and encourages everyone to make today ultra special with its time-limited offers. Additionally, BLUETTI offers even more savings through its referral program. Give friends 5% off and earn BLUETTI Bucks for every dollar they spend.

About BLUETTI

BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences for our homes while also contributing to a sustainable future for our planet. This commitment to sustainable energy has helped BLUETTI expand its reach to over 100 countries and gain the trust of millions of customers worldwide. For more information, please visit BLUETTI at https://www.bluettipower.com.au.

Contact Information
Amanda Yan
Integrated Marketing for BLUETTI
pr@bluetti.com
+8615013559696

SOURCE: BLUETTI ENERGY PTY LTD

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

BLUETTI AC500 vs. AC300: What’s Changed?

SYDNEY, AU, May 5, 2023 – (ACN Newswire) – The BLUETTI AC500, an upgrade to the classic model AC300, debuted on Indiegogo and achieved remarkable success. It raised over $12 million in two months, breaking the world record for any portable power station fundraising event.

AC500 vs. AC300

Comparison of AC300 & AC500

Model: AC300
Rated Power: 3,000W
Scalability: Up to 4*B300
Max. Input (AC+PV): 5,400W
Max. AC Input: 3,000W
Max. Solar Input: 2,400W
Smart App Control: Yes
Warranty: 4-Year

Model: AC500
Rated Power: 5,000W
Scalability: Up to 6* B300S or 4*B300
Max. Input (AC+PV): 8,000W
Max. AC Input: 5,000W (at least 2*B300S)
Max. Solar Input: 3,000W
Smart App Control: Yes
Warranty: 4-Year

Same Size, Different Energy
AC300 boasts a 3,000W output power, while AC500 has raised to 5,000W. The AC300 can work with up to 4 B300s to reach 12,288Wh capacity, whereas the AC500 can support up to 6 x B300S for 18,432Wh or 4 x B300 for 12,288Wh.

Unrivaled Charging Speed
AC300 features up to 5,400W input rate via AC outlet and solar panels simultaneously. However, the AC500 takes this a step further – 8,000W. An AC500 + 2 x B300S system 0-80% recharging takes 40 minutes.

Endless Solar Energy
The AC300 system can support a maximum solar input of 2,400W, while 3,000W for AC500. They can deliver constant power to devices or store any excess energy in their batteries for later use. Numerous solar panels, including the BLUETTI PV200, PV350, and PV420, can be used for efficient charging.

Upgraded Battery Pack
The B300S is designed with an intelligent self-heating capability to heat up responsively even when the ambient temperature is as low as -20 degrees Celsius, ensuring that the AC500 system operates smoothly during winter.

Friendly to B300 Users
The AC500 is compatible with B300 and B300S, so the AC300 owners can gain 170% power by purchasing an AC500 instead of replacing the entire system. They can also be mixed in an AC500 system (up to 4 packs in total).

Is AC300 still worth it?
When considering the price difference of up to $999, the AC300 may be a more budget-friendly option for users who don't require extreme performance. Yet, the AC500 would be a better choice for those living in colder areas, as it offers higher power and more efficient charge/discharge rates.

About BLUETTI
BLUETTI has been committed to promoting sustainability and green energy solutions since its inception. By offering eco-friendly energy storage solutions for both indoor and outdoor use, BLUETTI aims to provide exceptional experiences while contributing to a sustainable future for our planet. This commitment has helped BLUETTI expand its reach to over 110 countries and gain the trust of millions of customers worldwide. For more information, please visit BLUETTI online at https://www.bluettipower.com.au.

Contact Information
Amanda Yan
Integrated Marketing for BLUETTI
pr@bluetti.com
+8615013559696

Related Images:
https://cdn.newswire.com/files/x/64/fb/b907cedbce593f011cb6cb4c4817.jpg

SOURCE: BLUETTI ENERGY PTY LTD

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

Leading Sustainability Policy Makers & Trailblazers To Unite at London Climate Technology Show 2023

LONDON, May 4, 2023 – (ACN Newswire) – Europe's premier climate technology conference & tradeshow is all set to become better and bigger than ever before with the confirmed participation of many industry giants from across the world. Aiming to expedite the shift towards a carbon-neutral economy, the 2nd edition shall take place at the ExCel London from 26-27 September 2023, bringing together the focussed audience of 5000+ industry professionals including policymakers, innovators, business leaders, startups, investors and other important stakeholders to discuss and showcase innovative solutions that help mitigate the climate crisis.

Featuring a conference and exhibition, the show will host world-class speakers to share their insights on Decarbonisation & Net Zero Strategy, Role of Heavy Industry & Manufacturing to Fight Climate Change, Impact of Climate Policies and The Role Of Tech In Development Of Sustainable Circular Economy and other important aspects. Some of the important names who will be speaking at #CTS23 include Beverley Gower-Jones| Managing Partner| Clean Growth Fund, Charles Wood|Deputy Director, Policy| Energy UK, Jamie Wylie| Project Lead of Urban Mobility| World Economic Forum, David Cole| Director of KBR Project Solutions |KBR along with other important industry experts. Know More About Speakers (https://climatetechshow.com/conference/speakers/)

In addition, the event will host a large-scale exhibition, wherein cutting-edge technologies and innovative solutions favourable to the green economy will be displayed. Among a long line of exhibitors who will present their products and services include Google Cloud, Clean Growth Fund, CarbonStore, Faradai, Emissis, Dryad Network, Carbonsafe, Zypp Electric, Compare Your Footprint, IES Ltd., Michelin Scotland Innovation Parc, MyCarbon, etc. See Full Exhibitor List (https://climatetechshow.com/partners/sponsors/)

Building on the success of the inaugural event in 2022 which attracted over 2,000 attendees, #CTS23 is expected to welcome 5,000+ global and regional attendees where they would gain invaluable knowledge on green tech innovations and effective decarbonisation strategies, and have a tab on growing business opportunities the sector has to offer.

"London Climate Technology Show 2023 is a crucial platform for showcasing the latest developments in green technology and promoting collaboration across industries. We're proud to organise this event and contribute to the global effort to mitigate the impacts of climate change," said Shariq Abdul Hai, CEO, Valiant Business Media. "This year's event is set to be huge, with some of the world's most important companies and professionals coming together to share their invaluable insights and showcase their latest offerings."

Contact Details:
Name: Madhiya Nabi
PR and Communications Manager
Phone Number:44 2032878878
Email Address: madhiya.nabi@valiantbmedia.com

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

PLN, IEA Finalize JETP Toward Achieving Indonesia’s Net Zero Goal

JAKARTA, May 4, 2023 – (ACN Newswire) – PT PLN (Persero) and the International Energy Agency (IEA) have inked a memorandum of understanding on the Just Energy Transition Partnership Investment and Policy Plan (JETP IPP), which was drawn up in a bid to accelerate Indonesia's energy transition to net zero emissions.

PLN President Director Darmawan Prasodjo (L) and IEA Executive Director Fatih Birol sign MoU
on the Just Energy Transition Partnership Investment and Policy Plan (JETP IPP)

An autonomous intergovernmental institution, the IEA is the world's reference for analysis, data, policy recommendations and development solutions for energy security, as well as sustainable economic and environmental development. "We have the same vision for the future. The future of sustainable energy that will bring prosperity and glory to the nation and the world," said Darmawan Prasodjo, the president director of PLN.

Darmawan also noted the challenges Indonesia must overcome in order to carry out its energy transition. These included a projected increase in Indonesia's energy demand that would widen the supply-demand gap, an issue that required the collaboration of many stakeholders to solve. "PLN and the IEA will be pioneers, showing the world that the energy transition road map can be built through collaboration. It can be built comprehensively from the upstream to the downstream [industries]," he emphasized.

PLN projects that carbon emissions from the electricity sector it manages will reach 433 million tonnes by 2030. The 2021-2030 long-term electricity procurement plan (RUPTL), which was developed by the state electricity company, aims to reduce carbon emissions to 335 million tonnes as the basis for achieving net zero in 2060. The energy transition will also be accelerated through attracting more funding to finance massive investment projects.

As an archipelagic country, Indonesia also needs to improve the interconnection of its electricity networks to ensure equitable access and affordable prices for the public.

IEA Executive Director Fatih Birol said the agency fully supported Indonesia's energy transition, adding that the country's efforts to reduce carbon emissions would have a direct impact on reducing emissions on a greater scale. "We fully support Indonesia in the energy transition project. The IEA's support for Indonesia can be a driving force for various parties to collaborate together in energy transition projects," said Fatih.

Collaboration was also expected to strengthen the net-zero road map that Indonesia has drafted, as well as make the JETP scheme more attractive to collaborative investments to finance Indonesia's energy transition projects.

Some projects that have been prioritized include the development of a new and renewable energy (EBT) power plant and the construction of a green transmission line, as well as capacity building of the country's human resources to prepare for a new era in energy development.

About PLN

PT PLN (Persero) is a state-owned electricity company that continues to be committed and innovative in carrying out a mission to illuminate and move the nation. With a vision to become the leading electricity company in Southeast Asia, PLN is moving towards becoming the number one choice for energy solutions. PLN is committed to transformation with aspirations of being Green, Lean, Innovative, and Customer Focused to provide electricity for a better life. PLN can be contacted through the PLN Mobile application available on the PlayStore or AppStore. https://web.pln.co.id/

Contact:
Gregorius Adi Trianto
Executive Vice President, Corporate Communications & CSR, PLN
Tel. +62 21 7261122

Source: PT. Perusahaan Listrik Negara (Persero) [IDX: PLN]

Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com

GMEX Group launches ZERO13 digital carbon credits aggregation ecosystem

Partners with Verdana Eco-Consortium, Alléo Energy and Pay DIRT

LONDON, May 4, 2023 – (ACN Newswire) – GMEX Group Limited (“GMEX”), a leader in digital business and technology solutions for capital, commodities and sustainability markets, announces the launch of ZERO13, a climate fintech.

ZERO13 provides an automated AI and multi-blockchain driven aggregation ecosystem delivering trusted supply, digital issuance, trading, clearing and settlement for a broad range of carbon credits and related ESG real-world assets. ZERO13 digitally interconnects multiple stakeholders, including registries, banks, custodians, asset managers, corporates, buyers and sellers, markets, exchanges, climate tech and fintech firms to help achieve Net Zero.

The Verdana Eco-Consortium is partnering with ZERO13 to provide collective safeguards to address double counting by integrating its dMRV (digital measurement, reporting, verification), registry infrastructure, and connecting to standards bodies for carbon credits, with data sharing into the World Bank sponsored Carbon Action Data Trust (CAD Trust) to provide transparency. Alléo Energy and Pay DIRT are bringing fuel replacement and nature-based carbon credits into ZERO13, giving them the end-to-end digital provenance to address green washing, as well as enhanced distribution.

The Taskforce on Scaling Voluntary Carbon Markets (TSVCM) estimates that demand for carbon credits could increase by a factor of 15+ by 2030 and up to 100 by 2050. Recent independent research shows that the global carbon credit market traded value was US$978.56 billion in 2022. The market is expected to reach US$2.68 trillion by 2028, at a CAGR of 18.23% during 2023-2028. Carbon credits are a high priority for corporations and institutions yet are beset by problems, impacting:

Trust: fraudulent carbon credits, double counting and green washing
Efficiency: lack of price transparency, vertical silos and market fragmentation
Distribution: lack of digital registry enablement and too many intermediaries

At this time there is no cohesive global carbon ecosystem, as the market is fragmented with multiple silos. Registries have manual supply and are mostly isolated, as are carbon exchanges and over the counter trading, and there is very little peer-to-peer connectivity within the market. This missing link prevents market growth and development.

Hirander Misra, CEO of ZERO13 and GMEX Group commented, “ZERO13 provides a desperately needed, interconnected global carbon ecosystem for all types of participants, in a regulatory compliant manner, to more efficiently match supply with demand.” He added, “It’s a privilege to collaborate with Verdana’s Eco-Consortium to digitally address the end-to-end issues in voluntary carbon markets and to unlock carbon credits supply from partners such as Pay DIRT and Alléo Energy, bringing trust by demonstrating full digital provenance.”

Asad Sultan, CEO of Verdana and Co-Founder of Eco-Consortium, commented “To ensure greater credibility with institutional and corporate market participants, the supply of all types of carbon credits should be transparently verifiable and then securely tradeable in regulated markets.” He added, “Our partnership with ZERO13 aims to make carbon credits and related ESG markets more trusted and efficient using a digitally integrated approach.”

Bob Waun, Principle of Pay DIRT, LLC commented, “Proven advances in economics and efficacy of biochar in reducing water need and fertilizer inputs will increase ROI on crop land investment.” He added, “By utilizing these methods and harnessing the technological capabilities of our partner ZERO13 to generate and distribute a trusted supply of digital biochar carbon credits, we will both benefit our business and have a positive impact on the environment, food nutritional value and economy of American farm communities.”

Tim Adkins, Managing Partner of Alléo Energy, LLC commented, “We are excited to announce our partnership with ZERO13, which is a game changer from a sustainability perspective, as we are able to generate carbon credits from our production of a truly sustainable fuel product at, or below, the cost of a comparable fossil fuel, and optimise their distribution into the market digitally.” He added, “This and our production and supply of biochar and its application to the agricultural land banks of Pay DIRT, LLC optimizes the generation of carbon credits, with provenance that buyers can trust to avoid green washing.”

About GMEX Group Limited

GMEX Group (GMEX) offers sustainable digital solutions for the new age of global markets. The firm is a leading global provider of multi-asset exchange trading and post-trade software/software as-a-Service (SaaS) market infrastructure solutions and ‘network of networks’ digital platform services. GMEX addresses end-to-end regulatory and contract environment needs for issuance, trading, clearing and settlement across exchanges and across multiple asset classes including traditional, digital and hybrid assets, as well as digital carbon credits and ESG real-world assets.

It is the ‘Winner of:

‘Best Development in Fintech of the Year’ – 2022
‘Best Global Hybrid Finance FinTech Company’ – 2022
‘Best Solution for Trading Digital Assets’ – 2023
‘Most Influential Financial Technology Firms of 2023′ – 2023

For further information on GMEX, please visit https://www.gmex-group.com/.

About ZERO13

ZERO13, a venture by GMEX, is an automated AI and blockchain-driven international carbon exchange, registry and aggregation hub ecosystem. The ZERO13 Hub provides a Platform-as-a-service, which offers a distributed point of entry for digital issuance, trading and settlement of carbon credits and real-world assets such as ESG securities. ZERO13 Hub connects multiple international carbon exchanges, registries, custodians and ESG project owners globally for supply verification, transparent pricing and real-time settlement using APIs and across blockchains enabled by ZERO13 Chain (‘Pyctor’).

For further information on ZERO13, please visit https://www.zero13.net/.

About Verdana

The Verdana Platform is a cloud-native SaaS system, with a dMRV engine that sits as a node on Blockchain to extend the Blockchain’s immutability to remote emission reduction projects. The platform is operational and currently used to gather power consumption and carbon footprint data from dispersed commercial facilities across AsiaPac. It is scalable, secure, built on open-source modules, and accessible to authorized parties over their smart devices. While the carbon footprint management business is expected to grow to $12B by 2025, Verdana’s Blockchained SaaS Platform is uniquely different from others by providing immutable, end-to-end automation that restores credibility to the carbon trade.

For further information on Verdana, please visit https://www.verdana.io/.

About Verdana Eco-Consortium

Eco-Consortium is Verdana’s majority owned subsidiary that integrates Verdana’s Measurement, Reporting, Verification (dMRV) engine with the equity partner Eco-Registry’s GHG Accounting Blockchain to provide digital infrastructure for national and voluntary sector registries, to support sovereign commitments in reducing Green House Gas (GHG) emissions. Eco-Consortium currently hosts the carbon standards registry, CerCarbono. Additionally Eco-Consortium connects to the World Bank sponsored Carbon Action Data Trust (CAD Trust) that provides a metadata layer to connected entities. This helps Eco-Consortium tag carbon credits as compliant with Article 6.2 of the Paris Rule Book, i.e., prevent double counting of lowered GHG emissions.

About Pay DIRT, LLC

Pay DIRT, LLC (“Pay DIRT”), is a private company focused on high impact investing in agricultural land. It partners with local farmers and organizations to keep the positive economic impacts of their investments in these American communities by focusing on building up the soil health, first, instead of the traditional seasonal crop yield thesis of farmland valuation. The USDA states that “adding biochar to soil has been shown to reduce water use by up to 40% while increasing crop yields.” Facts support Pay DIRT’s initiative to purchase tens of thousands of acres of near-degraded US farmland to implement innovative soil health improvement strategies.

For further information on Pay DIRT, please visit https://www.dirtinvest.com/

About Alléo Energy, LLC

Alléo Energy, LLC (“Alléo Energy”) is a renewable energy and renewable commodities company with a mission to revolutionize the renewable liquid fuel industry by converting wood-waste into 100% renewable high value commodities. This state-of-the-art process turns locally sourced excess cellulosic waste (e.g., wood chips, etc.) into energy resources and high value commodities that can be refined into multiple energy products as well as natural (and carbon negative) soil, and crop yield ameliorants.

For further information on Alléo Energy, please visit https://www.alleoenergy.com/

MEDIA CONTACTS:
ZERO13 and GMEX Group
Melanie Budden
The Realization Group
Tel: +44 (0)7974 937 970
Melanie.budden@therealizationgroup.com
pr@gmex-group.com

Hannover Messe 2023 Brings a Positive Impact to Indonesia

Hanover, Germany, May 3, 2023 – (ACN Newswire) – Deutsche Messe AG (DMAG) held a closing press conference at the Industrial Transformation Conference Stage, Hannover Messe Fairgrounds, following the closing of Hannover Messe 2023 on Friday (21/04). Eko SA Cahyanto, Director General of Industrial Resilience, Regions and International Access (KPAII), Indonesian Ministry of Industry, together with Dr. Jochen Kockler, Chief Executive Officer (CEO) of DMAG, and Dr. Gunther Kegel, President of the German Industrial Association, Verband der Electro-und Digitalindustrie (ZVEI), participated in the press conference.

(Photo: Doc. Ministry of Industry)

Eko SA Cahyanto said that as a partner country, Indonesia was pleased to be part of the world's largest industrial exhibition, and this had a positive impact on Indonesia. Visitors to the exhibition had reacted positively to the Indonesia program as Hannover Messe 2023 Partner Country. The program included art performances during the opening ceremony, the opening of the Indonesia Pavilion, country night, business summits and several conferences. Exhibition-goers visiting the Indonesia Pavilion and the 157 co-exhibitors reflected Indonesia's success as a partner country.

Dr. Gunther Kegel, President of ZVEI, noted that even though there were protests taking place simultaneously in various German cities, the five days of Hannover Messe 2023 drew hundreds of thousands of visitors. And in addition to business people, Hannover Messe also attracted political delegations from 50 countries. By comparison with other industrial exhibitions, said Dr Kegel, the Hannover Messe still outperforms among industrial exhibitions.

Dr. Jochen Kockler, the CEO of DMAG, said that the 130,000 visitors to the Hannover Messe would have the same goal in mind, fostering industry that was more resilient to climate change and more competitive. Additionally, countries including China, Korea, the Netherlands and America accounted for 43% of the visitors to Hannover Messe 2023. Furthermore, the Indonesia Pavilion at the Hannover Messe Fairgrounds had attracted around 75% of the large number of overall visitors to this years Messe.

In line with an improving Indonesian industrial sector following the pandemic, its role as partner country for the third time was also positive. Through closing of Hannover Messe 2023, Indonesia had signed one Government/Government agreement, four Government/Business agreements, and twenty-five Business/Business agreements, expected to create jobs for approximately 80,000 people in the country.

Hannover Messe 2023 | Partner Country Indonesia
As Partner Country to Hannover Messe 2023, Indonesia presents more than 150 exhibiting organizations that range from large industrial companies, small and medium-sized enterprises and startups to industrial estates, industrial associations and government ministries and institutions. Indonesia invites you to discover its potential – join the Partner Country's infinite journey at Hannover Messe. Visit https://indonesiahannovermesse.id.

The Ministry of Industry (Kemenperin)
Public Relations Bureau, Jakarta
E: humaskemenperin@gmail.com

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