HONG KONG, Jan 16, 2023 – (ACN Newswire) – Baguio Green Group Limited ("Baguio" or the "Company", Stock Code: 01397.HK) is pleased to announce that it has been awarded a 2-year service contract worth approximately HK$37 million, by the Environmental Protection Department ("EPD") of the HKSAR Government for the provision of food waste collection services in New Territories West commencing in April 2023.
Winning this EPD contract highlights Baguio's position as Hong Kong's market leader in food waste collection. Among the four EPD's recyclable food waste collection service contracts, Baguio has secured half of them (including this contract and Kowloon District contract awarded last year). Under this EPD contract, Baguio will collect approximately 12,000-20,000 tonnes of food waste in total during the contract period. In order to maximize the volume of food waste collected and recycled, Baguio will deploy a designated team to do community outreach, educate the stakeholders and establish a comprehensive collection network to make food waste recycling easy and convenient for the public. Food waste collected will be delivered to O.PARK1, Hong Kong's first organic resources recovery centre, where it will be turned into renewable energy, in Siu Ho Wan of Lantau Island.
According to the latest statistics released by EPD, on average 3,437 tonnes of food waste was disposed in landfills each day in 2021. Food waste is the largest single component (30%) of Hong Kong municipal solid waste ("MSW") in landfills. Referring to the "Waste Blueprint for Hong Kong 2035" published by the HKSAR Government, Hong Kong is working to achieve "Zero Landfill" by 2035. As the recycling market leader in Hong Kong, Baguio is determined to assist Hong Kong to achieve this ambition by providing various recycling services, including food waste collection.
Ms. Ng Yuk Kwan Phyllis, CEO of Baguio, said, "We are pleased to be awarded the New Territories West food waste collection contract after winning a similar contract covering the Kowloon district last year. This new contract not only symbolizes Baguio's strong commitment to increase collection of food waste but more importantly it recognizes the Company's unique ability as Hong Kong's market leader to provide comprehensive recycling services for different kinds of waste to help resolve the sustainability issues.
With the MSW Charging Scheme scheduled to be launched in the second half of this year, people are being encouraged to recycle, including food waste, to reduce the amount of waste sending to landfills. Recycling market in Hong Kong is expected to grow rapidly. As one of Hong Kong's largest recycling service providers, Baguio is well positioned to capture the significant market opportunities created by "Zero Landfill" and strengthen its leadership position in Hong Kong."
About Baguio Green Group
Established in 1980, Baguio Green Group (Stock code: 01397.HK) is one of Hong Kong's largest and most respected integrated environmental services groups. It provides a full spectrum of professional services including professional cleaning, waste collection & recycling, waste management, green technology, organic fertilizer and animal feed production, horticulture & landscaping, and pest control. It serves a wide range of customers in various sectors including Government departments, statutory organizations and multinational corporations. Fully committed to ESG, the Group works relentlessly to advance sustainable development and create a cleaner, greener, healthier city.
Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Tag: ESG
Spritzer Ecopark Transformed to Colourful Spring Overnight
KUALA LUMPUR & TAIPING, Jan 12, 2023 – (ACN Newswire) – Say goodbye to the snowy white winter wonderland and hello to the colourful florals of spring as SPRITZER ushers the Year of the Rabbit by transforming Spritzer EcoPark through their creative use of Spritzer bottles repurposed to welcome the lunar new year traditions with a modern flare.
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Be greeted by a striking 28-foot tree partially created from thousands of recycled Spritzer bottles while walking through a garden of eye-popping playful pink and radiant red peonies signalling the coming of spring from now to 5 February, including New Year Day itself on 22 January. Ring in the Year of the Rabbit celebrations with Spritzer as a traditional lion dance will be held on 26 January to bring good luck and fortune for the auspicious new year.
Capture those Instagram-able moments as you step back in time at a traditional Chinese ancient house, stroll into a gorgeous tunnel ringed by flowers also partly created from Spritzer bottles, visit a domed house decorated with exquisite opulent ornaments and stop by the beautiful gazebo – perfect for photo opportunities for a lifetime.
All are welcome and admission is free. Visitors who spend at least RM10 at the souvenir shop and water shop will receive Spritzer angpow packets. Remember to keep the receipts as Spritzer water products purchased will let you enter "The SYOK Goes On With Spritzer" online contest for a chance to win RM100,000 of gold bars and other SYOK prizes.
In line with the Company's values, Spritzer encourages recycling and repurposing. The Company continuously strives to incorporate sustainability into every aspect of its operations, from bottles, labels and its people. Join Spritzer by incorporating recycling into your 2023 and beyond.
Spritzer hopes to continue welcoming everyone in a safe manner. Please plan your time and have a fun-filled experience at Spritzer EcoPark this coming Year of the Rabbit!
Spritzer Bhd: [Bursa: SPRITZER; 7103] [RIC: SPTZ:KL] [BB: SPZ:MK] [OTC: SPZRF], https://www.spritzer.com.my
Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Pertamina International Shipping (PIS) Secures Collaboration Agreements with Global Partners
JAKARTA, Jan 7, 2023 – (ACN Newswire) – PT Pertamina International Shipping (PIS) has secured two collaboration agreements with global partners. The signings were held with the inauguration of the PIS branch office in Dubai, UAE (PIS ME) on December 23, 2022.
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PIS signed a Heads of Agreement (HoA) with BGN International DMCC (BGN), and a Memorandum of Collaboration (MoC) with Elite Tankship Pte Ltd (Elite Tankship).
The HoA with BGN was signed by the CEO of BGN Group, Ruya Bayegan, and the CEO of PIS, Yoki Firnandi. The agreement addresses a Joint Venture (JV) establishment by the two companies for the acquisition, maintenance, and operation of VLGC (Very Large Gas Carriers) vessels and/or other types of vessels.
BGN, headquartered in the UAE, is one of the world's largest LPG (Liquified Petroleum Gas) trading companies and the largest LPG importer in Indonesia. "The VLGC business will support BGN's imports of Pertamina's LPG. At some point, it might endorse the cargo market of ammonia," said Commercial Director of PIS, Arief Sukmara.
The MoC with Elite Tankship addresses Clean Petroleum Products (CPP), Dirty Petroleum Products (DPP), gas, and other commodities needed in the Middle East, and other areas covered by the parties. The MoC was signed by the Elite Tankship CEO Mangish Kakodkar, and PIS Director of Operations and Managing Director Brilian Perdana.
Elite Tankship, headquartered in Singapore, established collaboration with PIS in chartering the VLCC Pertamina Prime, the largest owned vessel and the company's pride, in May 2022 for a six-year contract period.
About PT Pertamina International Shipping (PIS) Pte Ltd
As the Integrated Marine Logistics Subholding, PT Pertamina International Shipping (PIS) supports Indonesia's economic growth through safe and sustainable operation, becomes a trusted and reliable maritime partner, and promotes value for stakeholders through running its business. https://pertamina-pis.com/.
Copyright 2023 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Green Power Energy’s 20 MW Taungdaw Gwin Build-Own-Operate Solar Plant Commissioned in Myanmar
Mandalay, Myanmar, Dec 30, 2022 – (ACN Newswire) – Myanmar's latest solar energy plant, the 20 megawatt (MW) build-own-operate (BOO) Taungdaw Gwin project, has been officially opened, adding a new chapter to the country's sustainability and electrification efforts, its developer announced today.
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The project was developed by Green Power Energy Company Limited (GPE), a subsidiary of Gold Energy Company Limited (GE), a leading renewable energy developer in Myanmar.
Taungdaw Gwin is the second mega-scale solar project to be completed by the GE group. Clean Power Energy Limited, another GE subsidiary, completed the 30 MW Thapyay Wa project in Mandalay district in December 2021.
With the official opening of the Taungdaw Gwin project, GE's solar energy capacity stands at 50 MW. GE also operates the 120 MW Thaukyegat (2) Hydropower Project (TYG), commissioned in 2013.
Located on an 80.9-hectare site southeast of Kyaukse, Myit Thar Township, the Taungdaw Gwin project utilizes a solar tracking system so as to maximize photovoltaic (PV) energy captured by 45,980 solar panels. The project is expected to generate 25.1 MW of direct current or 22.9 MW of alternating current per year.
The Taungdaw Gwin project began transmission to the National Grid on 17 November 2022. The energy output is directly linked to the Taungdaw Gwin substation and is connected to the national grid via a 69.6 km 33-kV transmission line built by GPE.
In line with its commitment to give back to the community, the GPE team conducted an in-depth Environmental and Social Impact Assessment before construction. This enabled an understanding of the impact on nearby communities and the environment and helped to facilitate construction in a responsible and sustainable manner.
Through engaging with local community leaders to understand the needs of the residents surrounding Taungdaw Gwin, the GPE team constructed and installed two overpasses measuring 20.1 metres long by 4.5 metres wide. These and other efforts have improved socio-economic benefits to the community in this otherwise harsh area which had faced challenges of accessibility during the development phase of this important project.
U Zaw Win, Managing Director of GPE, said: "We are proud of the successful completion of the Taungdaw Gwin solar facility. We look forward to a sustainable energy source for the future of Myanmar.
"As a partner in nation-building, GPE is deeply committed to infrastructure development and sustainability in Myanmar. This and other renewable energy projects we are involved in will increase the contribution of renewable energy to the national grid while advancing the country's national electrification goals."
About Green Power Energy (GPE)
Green Power Energy Company Limited (GPE), a subsidiary of Gold Energy Company Limited (GE), is a renewable energy developer. GPE completed the Taungdaw Gwin solar PV facility, which was officially opened in December 2022. Despite the challenges of the pandemic, GPE completed the project earlier than scheduled.
The solar energy is connected to the Taungdaw Gwin substation, part of the national grid, via a 69.6 km 33-kV transmission line built by GPE. As GPE continues to build upon its track record and execution capabilities, it remains committed to contributing to Myanmar's clean energy sector in the coming years. Visit https://gpenergymm.com/.
Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
SMI Vantage Appoints Well-Known Business Personality: CSR, ESG and Organisational Development Expert Leong Lai Yee to the Board
SINGAPORE, Dec 27, 2022 – (ACN Newswire) – SMI Vantage Limited, an investment and management company listed on the mainboard of the SGX, today announced it has appointed Ms. Leong Lai Yee, Edna as an Independent and Non-Executive Director to the Board, effective 1 January 2023. She replaces Wee Sung Leng who is stepping down having served over nine years on the SMI Board, as part of the Board renewal process.
Ms Leong is currently the Deputy Director and Head, Communications, Partnerships & Fund Development of RSVP Singapore The Organisation of Senior Volunteers. RSVP is an Institution of Public Character and the National Centre of Excellence for Senior Volunteerism under the patronage of Mdm Halimah Yacob, President of the Republic of Singapore.
Ms Leong's extensive experience in marketing, investment, banking and consulting includes stints in some of the world's largest financial institutions. Following her passion for a more equitable and caring society, she has in recent years, been more involved in heading non-for-profit NGOs (non-governmental organisations) and social enterprises.
Commenting on Ms Leong's appointment, Mark Bedingham, President and Chief Executive Office said, "I am delighted to welcome Edna to our Board at the start of this new year. Besides her proven entrepreneurial talent, she brings with her valuable and deep experience in the areas of corporate social responsibility, corporate governance and organisational development. She has worked tirelessly over the years towards the goal of a more equitable and caring society and will help SMI develop a pathway to a more inclusive approach to its corporate responsibilities and a fresh approach to ESG related matters."
Ms Leong replied, "I am excited to be appointed to the Board of SMI Vantage and look forward to assisting SMI Vantage with its many new projects and businesses and being part of the company's next chapter in its business journey I would like to see the Company be a responsible and strong corporate citizen that is able to give back to society. Being personally involved with various social enterprises over the years, I am passionate about bringing more "heart" to all we do. I will work closely with Mark, the Board, and the rest of the leadership team to capitalise on the many opportunities ahead and usher in SMI Vantage's next chapter of growth and success."
The Company would also like to take this opportunity to thank Wee Sung Leng for his valuable contribution and advice to the Board during his extensive service with SMI.
About SMI Vantage
SMI Vantage Limited is an investment and management company focused on capitalising on strong trends in the new economy including technology-based SaaS services and other high-tech platforms. Listed on the Main Board of the Singapore Stock Exchange, SMI Vantage Limited has a highly capable and experienced management team with a proven track record in building strong business partnerships and alliances. https://www.smivantage.com/
For media queries, please reach out to:
Waterbrooks Consultants Pte Ltd
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Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Eco Expo Asia opens today
HONG KONG, Dec 14, 2022 – (ACN Newswire) – The Eco Expo Asia 2022, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), begins today at the Hong Kong Convention and Exhibition Centre (HKCEC). The four-day Expo runs until 17 December and adopts the brand-new EXHIBITION+ model, which allows exhibitors and buyers to extend interactions from the physical fair to the online platform "Click2Match" until 24 December. The last day of the event on 17 December is open to the public for free to encourage them to take part in green activities and practice green living.
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Tse Chin-wan, Secretary for Environment and Ecology, HKSAR Government and Sophia Chong, Deputy Executive Director, HKTDC, officiated at the expo's opening ceremony this afternoon. In her remarks, Ms Chong said: "Themed under 'Green Innovations for Carbon Neutrality', this year's Expo attracted close to 250 exhibitors from nine countries and regions gathering the latest green products, technology and solutions under one roof. It provides a prominent business platform for different industries to capture green business opportunities and help push forward sustainable development globally".
Eco Asia Conference brings together industry leaders to unveil new trends and insights
As the key event of the Expo, this year's Eco Asia Conference will be held from today to 16 December. The conference brings together industry leaders from all over the world to share their insights on the four major issues of environmental protection. In the session 'Potential of Repair and Reuse in Achieving a Circular Business Model', Simon Ng, Chief Executive Officer of the Business Environment Council, was invited to deliver a welcome address, followed by a discussion among representatives of the Business Environment Council and industry leaders on how to integrate item repair and reuse in different business models to drive a circular economy in Hong Kong.
For the session 'Government Session: Carbon Neutrality – Challenges and Opportunities Ahead', Zhou Guomei, Director General, Hong Kong and Macao Affairs Office, Ministry of Ecology and Environment; Lu Xiulu, Director-General, Department of Ecology and Environment of Guangdong Province; Tam Vai Man, Director of the Environmental Protection Bureau of Macao SAR Government and Li Shuisheng, Director, Ecology and Environment Bureau of Shenzhen Municipality were invited to present the policies and share the latest developments for achieving carbon neutrality in Mainland China and Macao SAR.
Eco Asia Conference will focus on two main themes tomorrow, including 'Advancing Net Zero – Retrofit for Building Energy Efficiency' and 'Green & Sustainable Finance Session: Establishing Hong Kong as a Regional Carbon Trading Hub'. In the first session, representatives from the Hong Kong Green Building Council and Sino Estates Management Limited discuss how building energy-saving retrofit projects can help drive Hong Kong towards carbon neutrality. In the second session, the Hong Kong Exchanges and Clearing Limited (HKEX), Securities and Futures Commission and a number of industry leaders have been invited to talk about green and sustainable financial market momentum in Mainland China, Hong Kong and globally, with a focus on how to establish Hong Kong as a regional carbon trading market. On the third day (16 December), the much-anticipated '3rd Hydrogen Economy Forum' has invited a number of experts to talk about the latest developments in the use of hydrogen as a main energy source within the global economy.
In recent years, the world has committed to the development of a green and sustainable global economy. The Expo has received strong support from HSBC, and has invited Carrie Ng, Head of Sustainable Finance, Commercial Banking, Hong Kong, HSBC; Ophelia Lin, Founder and Managing Director, Meiriki Japan Company Limited; Joy Song, Vice General Manager, CECEP Environmental Consulting Group Limited; Johnny Tam, Co-founder & BIM Scientist, XenseTech, and Jenny Lee, Under Secretary General, Hong Kong Green Finance Association to talk about 'Sustainable Finance in Accelerating the Net Zero Transition: SME and ClimateTech'. The Expo has also invited Max Wong, Managing Director of Project & Operations (HK), Link Asset Management Limited to introduce their latest sustainability initiatives through 'A Real Time Walk to See How We Link Sustainability with Communities'.
Japan Pavilion returns to the Expo with largest line-up ever
The Expo includes a strong line-up of exhibitors from Mainland China, Singapore and Taiwan in Asia, and exhibitors from France, Germany and Sweden in Europe. Alongside the individual exhibitors, the Canadian and Japanese Pavilions return again this year to showcase their national strengths. The Japan Pavilion (booth 1B-E22&E26) is backed by the Hong Kong Japanese Chamber of Commerce and Industry and the Japan External Trade Organization, featuring the largest line-up ever with 38 exhibitors. Toyota Tsusho HK, a subsidiary of the Toyota Group, introduces ecological and renewable energy technology including developments in hydrogen energy use; YKK Hong Kong showcases environmentally friendly zippers made from plant-based materials, as well as a newly launched waterproof zipper made from recycled polyethylene terephthalate (PET) plastic.
The Canada Pavilion (booth 1B-E16) includes exhibitors from the fields of waste treatment, green buildings, solar power generation, and the Internet of Things (IoT). CarbonCure Technologies Incorporated, an exhibitor making its debut appearance at the Expo, introduces its innovative technology for using recycled carbon dioxide to manufacture reinforced concrete.
"Green Transportation" zone displays single-deck hydrogen energy bus
The latest Policy Address mentioned that the HKSAR Government will cease new registration of fuel-powered and hybrid private cars by 2035. The "Green Transportation" zone at the Expo gathers the latest electric vehicles and charging facilities to help the industry seize business opportunities. The largest exhibitor, Wisdom Motors (HK) Limited (booth 1A-C31), displays its single-deck hydrogen energy bus along with the double-decker electric buses serving in Hong Kong to promote carbon neutrality. Richburg Corporation Limited (booth 1B-B32) features its improved and upgraded versions of electric cars in which the battery life and fast charging performance have been greatly improved, allowing an 80% recharge in just 42 minutes.
Diverse eco-friendly products lead to a green lifestyle
In the "Eco-friendly Products" zone, Novetex Textiles Limited (booth 1B-A24) introduces its textile recycling system "The Billie System", which converts waste from textiles into high-quality recycled fibres. Combining with raw and recycled materials, the System produces unique recycled yarns to help make the clothing and fashion industries green. In the "Water Treatment and Quality Management" zone, ShaanXi ORCA Electronic Intelligent Technology Co., Ltd (ORCAUBOAT) (booth 1B-C25) presents an unmanned environmentally friendly vessel which can navigate and clean garbage round the clock on a pre-set course.
"Green Buildings and Energy Efficiency Zone" displays include a small, but high-efficiency generator system developed by Robin Energy Limited (booth 1B-E12), which can generate electricity in light wind conditions, representing a boost to the conversion efficiency of wind energy to electricity; Huawei International Co Limited's (booth 1B-E07) solar energy storage system can switch to backup mode using stored energy in 5 seconds if a power outage occurs at home; and an exterior wall coating based on Japanese rocket and aerospace technology from new exhibitor Nishitani (Asia) Limited that helps buildings block ultraviolet rays to increase building energy efficiency.
Green Workshops and other inspiring activities on Public Day to promote a green lifestyle
The last day of the Expo (17 December) will be open to the public for free, with the aim of inspiring individuals to adopt a green lifestyle. The day will offer a series of environmental protection seminars, including ones led by the Environmental Protection Department, 'Reduce Disposable Plastic Tableware at Source' and 'Sharing of the Latest Policies of Environment and Ecology Bureau', as well as a 'Climate Change – Its Causes and Effects' session organised by the Hong Kong Observatory. Green Workshops like 'Pearl Bracelet Workshop', 'DIY Toy Workshop', 'Build Your Own Water Filter STEM Workshop' and immersive activities including virtual reality (VR) experiences, will be held to encourage the public to practise green living and reduce waste proactively.
Website: www.ecoexpoasia.com
HKTDC Media Room: http://mediaroom.hktdc.com
Photo download link: https://bit.ly/3Wiqsp0
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.
Media enquiries
Please contact the HKTDC's Communications and Public Affairs Department:
Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org
Eric Wong, Tel: +852 2584 4575, Email: eric.ks.wong@hktdc.org
Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Spritzer “Winter” Carnival 2022
KUALA LUMPUR & TAIPING, Dec 13, 2022 – (ACN Newswire) – Spritzer is back this year with its year-end thematic celebration coupled with Instagram-able decorations and exciting activities. The wish is to spread holiday cheer and togetherness for families and friends after two years of the COVID-19 pandemic. All are welcome to join the "Winter" Carnival in the Spritzer EcoPark from 16th December 2022 to 1st January 2023.
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The company will feature a 28-foot Giant Christmas Tree partially made of recycled Spritzer Sparkling and Spritzer Natural Mineral Water bottles. Families and friends can also capture beautiful memories in the cosy Christmas setting with "Igloo-like" dome houses.
"Snow season" returns to Taiping, Perak after two years. The anticipated snowfall sessions will be available on select days, with four sessions per day, with each session lasting 30 minutes.
– Snowfall dates: 16, 17, 18, 23, 24, 25 December 2022
– Session times: 6:30 p.m., 8:00 p.m., 9:00 p.m., 10:00 p.m.
Other "Winter" Carnival activities include giant outdoor bubble, pedal kart ride, mini golf in the park, fun fair game stations such as Flip the Bottle, Toss the Ring and more! You can also create your Christmas crafts from recycled materials.
Food and beverages are not to be missed during the carnival to help with your winter wonderment. Homemade popcorn and special concoction of Tropical Fizz using Spritzer Sparkling water are always recommended and choices for visitors to chill while enjoying outdoor activities.
Special workshops will be held for making delicious gingerbread and glutinous rice balls. Booking is not required; public is welcome to join us during the period!
– Gingerbread workshop: 23-25 December 2022 (5:00 p.m. – 10:00 p.m.)
– Glutinous rice ball workshop: 16-18 December 2022 (5:00 p.m. – 10:00 p.m.)
Spritzer encourages reuse and recycling by incorporating conservation and sustainability through eco-tourism in Taiping.
Once again, Spritzer would like to extend this invitation and the happiest holiday greetings to everyone! See all of you here!
Spritzer Bhd: [Bursa: SPRITZER; 7103] [RIC: SPTZ:KL] [BB: SPZ:MK] [OTC: SPZRF], https://www.spritzer.com.my
Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Eco Expo Asia opens next week to drive carbon neutrality
HONG KONG, Dec 8, 2022 – (ACN Newswire) – The Eco Expo Asia 2022, jointly organised by the Hong Kong Trade Development Council (HKTDC) and Messe Frankfurt (HK) Ltd and co-organised by the Environment and Ecology Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR), will run from 14 to 17 December at the Hong Kong Convention and Exhibition Centre (HKCEC). The Expo will adopt the brand-new EXHIBITION+ model, which allows exhibitors and buyers to extend interactions from the physical fair to the online platform "Click2Match" until 24 December. The last day of the event on 17 December is open to the public for free to encourage them to take part in green activities and practise green living.
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The Expo is expected to attract over 220 exhibitors from nine countries and regions including Mainland China, Singapore and Taiwan in Asia, and France, Germany and Sweden from Europe. The Canadian and Japanese pavilions will also return this year, with the Japanese pavilion showcasing its largest line-up ever of innovative technology and products from the environmental protection sector.
HKTDC Deputy Executive Director Sophia Chong, said in the press conference: "Green industries have significant growth potential and are crucial to the sustainable development of the economy. Relevant polices and regulations have already been stipulated and implemented in many countries and regions. The Expo aims to catalyse cooperation and exchange within the environmental protection sector and across industries to help companies generate business opportunities, and work together to achieve carbon neutrality".
Bruno Luk, Deputy Director of the Environmental Protection Department of the HKSAR Government, hoped that the Expo could advocate green innovation and technology, foster environmental protection cooperation and exchanges between the Government and the industries. It should also facilitate global green business connections, and encourage the public to adopt a green and low-carbon lifestyle so that all walks of life in Hong Kong can join hands to undertake a deep decarbonisation journey to achieve the goal of carbon neutrality before 2050, and narrate the good environmental stories of Hong Kong.
Japan Pavilion returns to the Expo with the largest line-up ever
This year, the Japanese Pavilion is fully supported by the Hong Kong Japanese Chamber of Commerce and Industry as well as the Japan External Trade Organization. The pavilion will gather 38 exhibitors, constituting the largest ever line-up in the pavilion's history. Toyota Tsusho HK, the trading arm of the Toyota Group, will showcase its clean and renewable power generation technology, including hydrogen power. Mitsubishi HC Capital Hong Kong Limited will introduce its green financing solutions, and their innovative ways to help customers achieve carbon neutrality.
This year's Expo has also attracted the participation of the Canadian pavilion, with exhibitors from waste treatment, green buildings, solar power generation, Internet of Things (IoT) and other fields. CarbonCure Technologies Incorporated, an exhibitor making their debut appearance at the Expo, will display its innovative technology using recaptured carbon dioxide to manufacture reinforced concrete.
Full support from the Government and across industries in Hong Kong to promote environmental protection
The Expo continues to be supported by many Hong Kong government departments, various industry associations and companies. This year, the Environment and Ecology Bureau will participate in the Expo together with ten other government departments, including the Energizing Kowloon East Office of Development Bureau making its debut, to introduce the Government's environmental protection policies. In addition, the Hong Kong Productivity Council, the Federation of Hong Kong Industries and other industry associations and enterprises will showcase waste reduction and energy saving products and technologies at the Hong Kong Pavilion.
Nine thematic zones to act as catalyst for all-round green technology
Nine thematic zones are to be featured this year, including "Green Transportation", "Waste Management and Circular Economy" and "Startup Zone". Among them, the "Green Buildings and Energy Efficiency" zone will welcome 17 exhibitors, including Nishitani (Asia) Limited, a new participant who will introduce exterior wall coatings that block ultraviolet rays using Japanese rocket and aerospace technology to increase building energy efficiency. The Construction Industry Council, also a driving force in the realm of green buildings, will hold the "Construction Innovation Expo 2022" at the HKCEC concurrently, creating greater synergies for exhibitors and buyers.
Hydrogen bus on display at "Green Transportation" zone
In its latest policy address, the HKSAR Government announced that new registration of fuel-powered private cars (including hybrid vehicles) will end in 2035 or earlier. The "Green Transportation" zone at the Expo will showcase the latest electric vehicles and charging facilities to help the industry seize business opportunities. Richburg Corporation Limited will display the latest improved and upgraded models of electric cars by MG with longer battery life and re-charging performances of up to 80% within 42 minutes, while JC Motor Limited will showcase BYD's latest electric taxis. This year's Expo also features hydrogen energy transportation technology, like Wisdom Motor (HK) Limited will showcase its hydrogen fuel cell bus and CIMC Enric Holdings Limited will introduce hydrogen energy production and storage technology to gear up for a hydrogen economy.
Eco Asia Conference unveils the latest trends and green opportunities
As the key event of the Expo, this year's "Eco Asia Conference" will be held from 14 to 16 December. Speakers on the first day of the conference include representatives from the Hong Kong and Macao Affairs Office, Ministry of Ecology and Environment; the Department of Ecology and Environment of Guangdong; the Environmental Protection Bureau of Macao SAR Government and the Ecology and Environment Bureau of Shenzhen Municipality. They will touch on the policies and latest developments for achieving carbon neutrality in the Mainland and Macao SAR. The much-anticipated "3rd Hydrogen Economy Forum" will also invite experts to share their vision on the global outlook for a hydrogen economy. Industry leaders will provide insights on current market conditions for green and sustainable finance and carbon trading in the Mainland, Hong Kong and globally, and discuss how to shape Hong Kong into a regional carbon trading market.
The world has been increasingly committed to the development of a green and sustainable global economy. The HSBC is no exception, and has provided strong support to the Expo. Carrie Ng, Head of Sustainable Finance, Commercial Banking, Hong Kong, HSBC; Ophelia Lin, Founder and Managing Director, Meiriki Japan Company Limited; Joy Song, Vice General Manager of CECEP Environmental Consulting Group Limited, and Jenny Lee, Under Secretary General of Hong Kong Green Finance Association, among others have been invited to speak on "Sustainable Finance in Accelerating the Net Zero Transition: SME and ClimateTech". The Expo has also invited Max Wong, Managing Director of Project & Operations (HK), Link Asset Management Limited to introduce their latest sustainability initiatives in the communities through "A Real Time Walk to See How We Link Sustainability with Communities".
Exciting activities held on Public Day to promote a green lifestyle
The last day of the Expo (17 December) will be open to the public for free. A series of environmental protection seminars, green workshops and immersive activities including virtual reality (VR) will be held to encourage the public to proactively practise green living and reduce waste in their daily lives.
Website: http://www.ecoexpoasia.com
Photo download link: https://bit.ly/3FAmYIY
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
Media enquiries
Please contact the HKTDC's Communications and Public Affairs Department:
Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.org
Eric Wong, Tel: +852 2584 4575, Email: eric.ks.wong@hktdc.org
Copyright 2022 ACN Newswire. All rights reserved. http://www.acnnewswire.com
Pertamina to balance energy transition, security in net zero push
JAKARTA, Nov 17, 2022 – (ACN Newswire) – The energy transition process must take place in order to maintain sustainability, chair of the Energy, Sustainability, and Climate Business 20 (TF ESC-B20) Task Force, Nicke Widyawati, has said.
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During a "BloombergNEF (BNEF) Net Zero Summit" discussion initiated by the Coordinating Ministry for Maritime Affairs and Investment and the Asia Natural Gas and Energy Association (ANGEA), Widyawati, who is also the CEO and president director of state-owned energy company Pertamina, said that the energy transition process is a part of B20 activities.
During the discussion, she emphasized that the energy transition cannot be achieved in a short time.
"The process requires various kinds of technology, costs, and human resources that can reach the standards of renewable energy," she explained.
When the energy transition process occurs, the demand for energy will also increase, she pointed out. Thus, energy security on a large scale will need to be maintained.
Widyawati then described several strategies carried out by Pertamina to overcome the challenges faced in balancing efforts to realize the energy transition for sustainability, including net zero emissions, with measures to maintain energy security.
"To achieve net zero emission (NZE) aspirations while maintaining energy security in Indonesia, Pertamina has developed some comprehensive strategies that are delivered through two main pillars and three medium-term strategies," she informed.
The two main pillars are focusing on decarbonizing business activities and assets and developing new renewable green energy businesses.
Meanwhile, the first of the three medium-term strategies carried out by Pertamina to support NZE realization involves developing its carbon accounting standards to meet national and international standards.
The second strategy involves stakeholder engagement to fully support the achievement of national NZE targets, which will be supported by the company's long-term investments.
The third strategy involves the company's environmentally friendly sustainability business initiatives that will focus on biofuels, renewable energy sources, carbon capture storage (CCS/CCUS), batteries and electric cars, hydrogen, as well as self-sustaining carbon businesses.
Moreover, Pertamina has also developed a strategy to support the energy transition by allocating its capital expenditure (capex) for low emission energy and developing new renewable energy (NRE).
"We have set a goal to increase the green business portion in Pertamina's revenue, which is from 5 percent in 2022 to 13 percent by 2030," Widyawati said while providing details on the company's share of capital costs for green energy.
The company has also predicted that its fossil fuel revenues will decline significantly from 86 percent in 2022 to 66 percent by 2040.
Furthermore, she highlighted that the goal of optimizing the capital allocation for green businesses has been coordinated by Pertamina with the government to ensure that the measures taken align with the national energy mix target for new renewable energy.
To balance financing, Pertamina has also made a long-term investment strategy, which has included the allocation of 14 percent of its capex for green energy business activities.
In addition, the company will continue to invest in fossil fuels and petrochemicals as the backbone of its current business in an effort to ensure that the energy transition process does not disrupt energy security.
Apart from the capital investment strategy, Pertamina is also collaborating with various parties to accelerate the achievement of green energy targets.
Contact: Heppy Wulansari, Pjs. Vice President Corporate Communication, PT Pertamina (Persero)
Mobile: +62 811-296-949, Email: heppy@pertamina.com, URL: https://www.pertamina.com
Written by: Yuni Arisandy Sinaga, Editor: Sri Haryati (c) ANTARA 2022
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PGE to increase GPP capacity in South Sumatra for NZE
JAKARTA, Nov 16, 2022 – (ACN Newswire) – PT Pertamina Geothermal Energy (PGE) expressed readiness to increase the geothermal power plant (GPP) capacity in South Sumatra in a bid to support the realization of net zero emission (NZE) in Indonesia.
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This step to increase the GPP capacity is taken through the inking of an agreement for Engineering, Procurement, Construction, and Commissioning (EPCC) for the construction of the Fluid Collection and Reinjection System (FCRS) and Geothermal Power Plant at the Lumut Balai Unit 2 in South Sumatra.
The agreement signing was conducted by PGE with Mitsubishi Corporation Consortium, PT Wijaya Karya, and SEPCO III Electric Power Construction Co. Ltd on the sidelines of the B20 Indonesia Net Zero Summit 2022 event held in Bali on Friday (November 11).
The project for the construction of FCRS and geothermal power plant in South Sumatra is funded by Japanese Official Development Assistance (ODA) Loans under the Government to Government (G-to-G) Loan scheme with the Government of Indonesia.
The project site is located in the districts of Muara Enim and Ogan Komering Ulu in South Sumatra Province.
The contractual scope of the project will be a turn-key basis on which PGE partners will carry out the design, manufacturing, civil works construction, commissioning, performance testing and warranty for the facility that consists of a Geothermal Power Unit and an FCRS, with a net capacity at high-voltage terminals of 55 Megawatts (MW).
The geothermal facility is designed to be operational for more than three decades and will be operated and maintained by PGE.
The electricity generated from the clean, renewable and environmentally friendly energy facility will be channeled through the installations of the state-owned electricity company PLN, so that it has the potential to increase the number of new residents receiving electricity to reach around 55 thousand households in South Sumatra.
Moreover, the working area at the Lumut Balai GPP Unit has proven to have good-quality environmental management with the achievement of Pertamina Environment Regulation Compliance Assurance (PERCA) and the Blue category for Company Performance Rating Program in Environmental Management (PROPER) from the Ministry of Environment and Forestry.
In accordance with the theme of the 2022 Indonesia Net Zero Summit "Industrial Decarbonization at All Cost," the effort to increase GPP capacity is one of Pertamina's concrete measures in supporting sustainable development proclaimed by the Indonesian government.
The effort was also aimed at mitigating the impacts of global warming by reducing carbon emissions in the environment.
Greenhouse gas reductions from the GPP Project at Lumut Balai Unit 1 and 2 are included in the Clean Development Mechanism (CDM) as an implementation of the Kyoto Protocol. It has also been registered with the UNFCCC, with the potential for reducing greenhouse gas emissions of around 581,518 tons of CO2 equivalent per year.
GPP capacity of 55 MW, which will be generated from Unit 2 of the GPP in the province, will increase PGE's total installed GPP capacity, after earlier some 55 MW generated from the Lumut Balai Unit 1 Project that became operational in 2019.
The new unit will further strengthen PGE's position as one of the largest players in Indonesia's geothermal development, with a total installed capacity of 727 MW.
PGE's President Director Ahmad Yuniarto explained that in carrying out its business, PGE remains committed to the development of geothermal energy and ensures that the implementation of the Environment, Social and Governance (ESG) aspects is an integrated part of the company's geothermal energy business line.
The implementation of the ESG aspects is the company's effort to provide added value and to support the national programs related to the use of environmentally-friendly new and renewable energy, especially geothermal energy, he remarked.
PGE's commitment in developing geothermal energy can contribute to achieving several targets in sustainable development goals (SDGs): Goal No.7 on clean and affordable energy, Goal No.12 on responsible construction and production, Goal No.13 on handling climate change, and Goal No.15 on land ecosystems.
PGE currently manages 13 Geothermal Working Areas, with an installed capacity of +1.8 Gigawatts (GW).
A total of 672 MW of geothermal capacity is operated and managed directly by PGE, and some 1,205 MW is managed under the Joint Operation Contract scenario.
Geothermal energy capacity from power plants in PGE's working areas contributes 82 percent of the total geothermal energy capacity produced in Indonesia and has the potential to contribute to the reduction of carbon dioxide emissions of around 9.7 million tons of CO2 per year.
Contact: Muhammmad Baron, Corporate Secretary, PT Pertamina Geothermal Energy
Mobile: +62 8 1117 1720, Email: muhammad.baron@pertamina.com, URL: https://www.pertamina.com
Written by: Yuni Arisandy Sinaga, Editor: Fardah Assegaf (c) ANTARA 2022
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