green – Asia Tab

ACN Newswire

Sunway RE Capital Expands Student Accommodation Portfolio with New Acquisition of Freehold Purpose-Built Student Accommodation, Green Wood Court, in Southampton, UK

6 2 月, 2023

With 233 beds arranged as 217 non en-suites and 16 studios, Green Wood Court has achieved a 100% occupancy rate for the academic year 2022/2023The freehold Purpose-Built Student Accommodation ("PBSA"), Green Wood Court, is located just a few minutes' walk from the University of Southampton's Highfield and Bolderwood campuses with established connection links to the UK and rest of EuropeGreen Wood Court has undergone extensive refurbishments in 2018 and there are opportunities for asset enhancement initiatives to add new studios within the PBSAUniversity of Southampton is a global top 100 university and is also ranked one of the top 13 university in the UK, with a community of over 6,500 international students from 135 countriesResilient, healthy demand for Green Wood Court by students of University of Southamptonwith limited supply of PBSAs in the areaPost-acquisition, Sunway RE Capital owns and manages a portfolio of 5 PBSA assets (AUM of £75 million) with over 800 beds spanning across key cities in the UKMalaysia, Singapore, Feb 6, 2023 - (ACN Newswire via SEAPRWire.com) - Sunway RE Capital ("Sunway RE Capital"), a platform for international real estate investments of Sunway Group - one of Southeast Asia's leading conglomerates, is pleased to announce the expansion of its student accommodation portfolio with the acquisition of a new freehold PBSA, Green Wood Court, in Southampton, UK, through its established and sponsored private trust established in Singapore, Sunway Residence Trust II.Strategically located with a few minutes' walk from the University of Southampton's Highfield and Bolderwood campuses, the 233-bed freehold PBSA, Green Wood Court, also has a bus stop situated directly in front of the property that facilitates ease of access to the rest of the University's halls and campuses, as well as established connection links to the UK and rest of Europe.Green Wood Court has achieved a 100% occupancy rate for the academic year 2022/2023 and in 2018, Green Wood Court has been extensively refurbished with new carpets, bathrooms, showers, furniture, and fittings in 2018. Please see APPENDIX A of this press release for pictures of Green Wood Court.There are opportunities for asset enhancement initiatives to add new studios within Green Wood Court and following the acquisition, Sunway RE Capital will be exploring its options to optimise the potential of this PBSA.According to Universities and Colleges Admissions Service, universities in the UK are seeking to stabilise student numbers after a surge over the last two years amid the COVID pandemic. The trend is likely to continue in the coming years, as universities in the UK grapple with growing numbers of applications due to an increase in the number of 18-year-olds in the UK population. This is projected to continue for a decade, rising 2-3% almost every year with international student numbers growing as well.Ranked as the 6th safest big city in the UK, the University of Southampton's campuses are located in prosperous and green areas of Southampton. A global top 100 university, the University of Southampton is also ranked as one of the top 13 university in the UK with a community of over 6,500 international students from 135 different countries.Post-acquisition, Sunway RE Capital owns and manages a portfolio of 5 PBSA assets (AUM of £75 million) with over 800 beds spanning across key cities in the UK.Sunway RE Capital Chief Executive Officer, Dr. Tan Kok Heng, said: "The demand for quality education overseas continues to see a steady rise post pandemic and the UK remains one of the most popular destination for overseas students in the world. With its 100% occupancy rate and limited supply of PBSAs in the area, the acquisition of the 233-bed Green Wood Court in Southampton, UK, marks an attractive addition to our PBSA portfolio and it is consistent with our fund strategy to achieve steady and stable income streams, with potential value-added upside through active asset management and enhancement initiatives.Building on this momentum and the strength of Sunway's track record and competencies, we aim to accelerate our efforts to scale up our platform to acquire additional yield accretive student accommodations in the UK, grow our AUM and extend our track record."For more information on Sunway RE Capital, please visit: www.sunwayrecapital.comAbout Sunway GroupEstablished in 1974, Sunway Group is one of Southeast Asia's leading conglomerates with 13 business divisions across more than 50 locations primarily in Asia. Our 16,000-strong team is committed to sustainable development and socio-economic progress through our diverse businesses including core interests in real estate, construction, education, healthcare, retail and hospitality.Sunway is committed to advancing the United Nations Sustainable Development Goals and continues to align them with our Environmental, Social and Governance (ESG) targets as part of our corporate strategy and social responsibility towards driving the group's long-term success and deepening our commitment to nation-building.Our three public-listed companies — Sunway Berhad, Sunway Construction Group Berhad, and Sunway REIT, with a combined market capitalisation of RM 15 billion — form a real-estate value chain that exemplifies socially responsible business practices. For more information, visit www.sunway.com.my.About Sunway RE Capital Pte LtdSunway RE Capital Pte Ltd invests in listed and unlisted funds established in Singapore. Sunway RE Capital's objective is to invest in real estate for recurring income along with a fund management platform. Its key investment focus is commercial properties and purpose-built student accommodation (PBSA) primarily in the United Kingdom. For more information, visit www.sunwayrecapital.comSunway RE Capital is also one of the sponsors of Elite Commercial REIT (ECR) which is listed in Singapore since February 2020 with a market capitalisation of £227 million. ECR is the first and only UK- Focused S-REIT which comprises 155 predominantly freehold quality commercial buildings ("Portfolio") located across the UK with an aggregate value of £517.7 million. The Portfolio has a total net internal area of approximately 3.9 million square feet and a total site area of approximately 72 hectares. For more information, visit www.elitecreit.com.About Sunway Residence Trust IISunway Residence Trust II, sponsored by Sunway RE Capital Pte Ltd, is a private trust established in Singapore that aims to create a stable recurring income with potential growth in net asset value to its investors. This fund approaches its acquisition strategy by a two-level approach namely geographical allocation and diversification of the portfolio as well as micro location of the assets.With the primary goal being acquisition of assets within the Russell Group Universities cities, the trust carefully examines potential assets and their occupancy demand prior to their acquisition decision. Standing with a current portfolio of £75 million valuation, 828 beds, and less than 5 years of average asset age, Sunway Residence Trust II currently owns assets such as Green Wood Court, Redvers Tower, The Colston, Centre Gate, and Mansion Point. For more information, visit https://sunwayrecapital.com/portfolio/sunway-residence-trust/.Issued on behalf of Sunway RE Capital by 8PR Asia Pte Ltd.Media Contact: Mr. Alex TANMobile: +65 9451 5252Email: alex.tan@8prasia.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

WEGE Secures Project to Construct Coordinating Ministry for Maritime and Investment Affairs Office Complex at IKN

2 2 月, 2023

JAKARTA, Feb 2, 2023 - (ACN Newswire via SEAPRWire.com) - PT Wijaya Karya Bangunan Gedung Tbk (WEGE) has secured another project at the new capital city (Ibu Kota Negara, IKN) in East Kalimantan to construct the office complex for the Coordinating Ministry for Maritime and Investment Affairs (Kementerian Koordinator Kemaritiman dan Investasi, Kemenkomarves). The project was valued at Rp745 billion. WEGE has previously secured a project to construct modular buildings to house construction workers at IKN, and its progress has reached 94%.A highlight of the eight storey Kemenkomarves office is it features integrated Smart and Green Building concept.Another highlight is that the construction of the Kemenkomarves Office will implement Building Information Modelling (BIM) technology. The Kemenkomarves Office is located at Sepaku, Penajam Paser Utara and will not be far from the IKN Presidential Office.WEGE's scope of work in this project is design-build construction with a completion period of 660 working days. The Kemenkomarves office complex will cover an area of 24,274 square metres.WEGE Carries Out Groundbreaking of BMKG State College that Applies Smart and Green Building ConceptWEGE held a groundbreaking ceremony of the Lecture and Laboratory Building (Centre of Excellence) for the departments of Meteorology, Climatology, Geophysics, and Instrumentation (MKGI) of the State College of Meteorology Climatology and Geophysics (STMKG) in Tangerang.The groundbreaking ceremony was held on Monday (24/01) and attended by the Head of Meteorological, Climatological, and Geophysical Agency (BMKG), Dwikorita Karnawati; Head of STMKG, I Nyoman Sukanta; representative of the Tangerang City Government; President Director of WEGE, Hadian Pramudita; Director of QHSE and Marketing, Yulianto; and Director of Operations I, Bagus Tri Setyana."We hope that through Smart and Green Building concept, BMKG is contributing to reducing and controlling CO2 emissions," said the Head of BMKG, Dwikorita Karnawati in her speech.WEGE was trusted by BMKG to construct the MKGI Lecture and Laboratory Building (Centre of Excellence) located at Jalan Meteorologi No. 5, Tanah Tinggi, Tangerang, Banten.This modern campus with the Smart and Green Building concept is scheduled for completion in 350 calendar days or at the end of 2023. Construction of this BMKG state college implemented level 5D of BIM technology to support the acceleration, construction accuracy, and safety and security factors.WEGE's scope of work in this project includes planning, preparation, structural work, architectural work, mechanical, electrical & plumbing (MEP) work, and landscaping.This STMKG facility will be 39 metres high, consisting of eight floors and one basement level with a total building area of 31,540 square metres.In addition to constructing a lecture building, there will be an MKGI Laboratory (Centre of Excellence) which targets the Excellent category in Green Building Certification.This is one of BMKG's mega projects in training experts to support BMKG's duty in providing information on meteorology, climatology, geophysics, and air quality to the Indonesian people.PT Wijaya Karya Bangunan Gedung Tbk [IDX: WEGE]Contact: Purba Yudha TamaCorporate Secretary PT Wijaya Karya Bangunan Gedung Tbk. Mobile: 0813 1792 5577Phone: +6221 85908862 / 85909003Email: corsec@wikagedung.co.id Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

TGI Shelly, TEAL Chimie & Energie Collaborate to Advance Green Ammonia

2 2 月, 2023

New Jersey, Feb 2, 2023 - (ACN Newswire via SEAPRWire.com) - TGI Solar Power Group, Inc., (OTC Markets: TSPG) is pleased to announce its new management and board of directors have successfully brokered a partnership with TEAL Chimie & Energie Inc., that will launch the company's entrance into the green energy sector.This collaboration is in line with the corporate business plan as new TGI SHELLY management is executing strategies to build long-term growth, transformational plans, digital quotient and correlation, growth acceleration, business ventures in the green sector -- all of which drive shareholder value. New Management intends to expand the investor base of new TGI Shelly by pursuing a vertical integration strategy through acquisition, and or a combination of strategic partner companies and contractual agreements, to distribute AI products of NO SOLIUS (no software, no license, no user fees) Shelly AI related to current corporate developments, which will compliment and grow TGI SHELLY.TGI Shelly, and green ammonia specialists TEAL, are looking to optimize the zero-emission ammonia production market significantly. To achieve this, TGI will deploy TEAL's green ammonia production plants in the coming years. Green ammonia's clean energy potential is incredible.Green ammonia has the highest volumetric energy density of all hydrogen-based energy sources -- significantly more than pure hydrogen. This makes green ammonia inexpensive and easy to store and transport. Existing infrastructure means that green ammonia can rapidly and efficiently replace hydrocarbon-based fuels for a multitude of uses, with ammonia-fueled ships and ammonia power stations already in the pipeline.TEAL's major focus has been developing and constructing its green ammonia production sites in North America, with the first 400MW of power to be installed at locations in Quebec, Canada, Northeast USA and the Southwestern United States. These will be TEAL's first green ammonia initiatives for production facilities, with operational launch planned for late 2025 or early 2026. Operating dynamically will enable TEAL to produce ammonia during off-peak power demand hours and make them a net contributor to the economics of renewable power production. This will allow the company to construct additional renewable power wherever they build a production plant."We have the utmost confidence in TGI SHELLY and our scientists and engineers to create a viable product," said Jonathan Martel, CEO of TEAL. "This is why we have chosen TGI Shelly as our partner. We intend to use cutting-edge electrolysers and industry-leading ammonia synthesis. Additionally, we plan to develop facilities around the world to produce millions of tons of green ammonia from water and air. Ammonia saved humanity from starvation a century ago as a replacement for depleted sources of fertilizers, and history will repeat itself. Ammonia can save humanity once again as the workhorse of the hydrogen economy, replacing petrochemicals to decarbonize agriculture, transportation and power storage and generation.""We need to accelerate the development and industrialization of sustainable solutions while also increasing energy independence, which is why we are delighted to partner with TEAL on the global development of its green ammonia facilities," added Philippe Machuel, CEO of TGI Shelly. "With this agreement, we enable the production of millions of tons of green ammonia in support of the decarbonization agenda." Samuel Epstein, Chief Operating Officer of TGI, saw this partnership with TEAL as an opportunity for new management to hit the ground running."TGI is delighted to be working with the TEAL on these large-scale, commercial green ammonia plants," Epstein said. "This agreement leverages TEAL's years of ammonia experience and is evidence of the many benefits of the TGI Shelly AI platform, including lowering TEAL's project costs utilizing the most efficient technology. Our partnership is a big step forward towards a more sustainable future, and we look forward to working with our new partners at TEAL in the years ahead."About Shelly North Carolina, Inc. At Shelly, our technology solutions empower you to have an educated conversation with your current workflow processes. Shelly solutions do not REPLACE your current technology"we integrate".and design improved workflows based on what YOU want to accomplish with your operations. There is no new build-up required. No unsettling training curve to navigate. The questions that keep you up at night are turned into targeted, relevant commands for your existing database that give you more control over all aspects of your operations, and even uncover new revenue streams hidden inside the data that is already at your fingertips. It is not just about the software. Shelly's self-evolving and highly adaptable solutions elevate your enterprise to a constant state of READINESS to address issues today, tomorrow, and well into the future. For more information, visit https://www.shellyincorporated.com/.About ADVENT GALAXY Inc. Expo is going to become a central meeting place and center for important social interactions between people of diverse backgrounds and age groups. Underlying technology allows for merchants, consumers, and large enterprises to be replaced by a virtual EXPO in the metaverse. EXPO will cater to B2C+B2B+B2E= B2X, or simply stated B2All. Entertainment zones, meeting and interacting with your friends at a coffee shop in real time is the future. Conducting business in co-working spaces without leaving one's house is the future. A VR/ AR ADVENT EXPO is coming soon and will become a reality, thanks to Advent Galaxy. For more information, visit https://adventgalaxy.com/. About TGI Solar: TGI SOLAR POWER GROUP INC. TGI is a diversified holding company. TGI's strategy is to acquire innovative and patented technologies, components, processes, designs, and methods with commercial value that will give competitive market advantage and generate shareholder value. For more information, visit https://www.tgipower.com/.Forward-Looking StatementsThis announcement contains forward-looking statements within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Such statements include but are not limited to statements identified by words such as "believes," "expects," "anticipates," "estimates," "intends," "plans," "targets," "projects" and similar expressions. The statements in this release are based upon the current beliefs and expectations of our company's management and are subject to significant risks and uncertainties. Actual results may differ from those set forth in the forward-looking statements. We undertake no duty to update any forward-looking statement, or any information contained in this press release or in other public disclosures at any time. Finally, the investing public is reminded that the only announcements or information about TGI Solar Power Group Inc. which are condoned by the Company must emanate from the Company itself and bear our name as its Source. Safe Harbor statements under the Private Securities Litigation Reform Act of 1965: Those statements contained herein which are not historical are forward-looking statements, and as such are subject to risks and uncertainties that could cause actual operating results to materially differ from those contained in the forward-looking statements. Such statements include, but are not limited to, certain delays that are beyond the company's control, with respect to market. This press release does not constitute an offer to sell or the solicitation of an offer to buy these securities, nor shall there be any sale of these securities in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.For more info:Samuel Epstein, COOhenryv@tgipower.comPhilippe Machuel, CEOPMachuel@shellyincorporated.com Copyright 2023 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Indonesia encourages collaboration to achieve blue economy in AIS Forum

21 12 月, 2022

JAKARTA, Dec 21, 2022 - (ACN Newswire via SEAPRWire.com) - Indonesia emphasized the need for collaboration to achieve the blue economy and green economy concepts among the members of the Archipelagic and Island States (AIS) Forum."Next year (in 2023), through the head of state level meeting, we hope the joint commitment of island and archipelagic nations around the world (which are the members of the AIS Forum) will encourage Indonesia to realize its vision as the world's maritime axis," Indonesian Coordinating Minister of Marine Affairs and Investment, Luhut Binsar Pandjaitan, said here on Tuesday.The AIS Forum, which was initiated in 2018, has held four ministerial-level meetings so far to encourage commitment and discussion between archipelagic and island countries to establish concrete cooperation and collaboration on improving their economy and protecting the marine environment.Additionally, Indonesian Minister of Foreign Affairs Retno Marsudi reminded member countries of AIS Forum to be able to synergize with other global initiatives. "We must have the same spirit, namely the spirit of collaboration, because we can only overcome various global challenges if the world is united, not divided," Marsudi said.Then, Marsudi added, the AIS Forum should strengthen its commitments to solve common problems in managing the oceans.In 2023, Indonesia will host the AIS Summit which will be a part of efforts to realize the country's vision to become a global maritime axis. Indonesia and other archipelagic and island nations on the AIS Forum reiterated to increase commitments and efforts to tackle the danger of climate crisis by strengthening collaboration in the blue economy."When we talk about the green economy, we talk about carbon. A coastline is one of the biggest carbon sinks through mangroves and corals," Investment Minister Bahlil Lahadalia said.The Indonesian government also committed to achieving Net Zero Emissions (NZE) in 2060 which is expected to grow the investment potential in the blue economy, green economy, and circular economy sectors. Lahadalia also emphasized efforts to protect and restore the wealth of marine resources, including planting mangroves, protecting coral reefs, and preserving marine life.Indonesia is currently intensifying the implementation of the blue economy and green economy in its investment and development program including the development project for the New National Capital City (IKN).The Coordinating Minister for Human Development and Culture Muhadjir Effendy hoped the city would be able to create an inclusive and sustainable national economic transformation by utilizing digital infrastructure and implementing a green economy. "Thus, the development of IKN is expected to be a new basic in creating the inclusive and sustainable national economic transformation through business modernization, digital infrastructure improvement that implements the green economy and blue economy," Muhadjir said. The Minister said the new capital city is a national identity and the driver for the Indonesian economy in the future.According to the data of IKN.go.id, there will be six economic clusters in IKN including Clean Technology Industry Cluster, Integrated Pharmaceutical Industry Cluster, Sustainable Agriculture Industry, Ecotourism and Health Tourism Cluster, Chemical Products and Byproducts Cluster, as well as Low Carbon Energy Cluster. Besides, there will be two supporting clusters derived from the 21st Century Education Cluster, and Smart City and Industry 4.0 Centre.--Antara Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Eco Expo Asia opens today

14 12 月, 2022

HONG KONG, Dec 14, 2022 - (ACN Newswire via SEAPRWire.com) - 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.The Eco Expo Asia 2022, jointly organised by HKTDC and Messe Frankfurt (HK) Ltd, opens today.HKTDC Deputy Executive Director Sophia Chong, spoke at the Opening Ceremony today.Tse Chin-wan, Secretary for Environment & Ecology of the HKSAR Government visits the fairground with Sophia Chong, Deputy Executive Director of the HKTDC, and other VIP guests.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 insightsAs 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 everThe 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 busThe 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 lifestyleIn 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 lifestyleThe 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.comHKTDC Media Room: http://mediaroom.hktdc.comPhoto download link: https://bit.ly/3Wiqsp0About HKTDCThe 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 enquiriesPlease contact the HKTDC's Communications and Public Affairs Department:Clementine Cheung, Tel: +852 2584 4514, Email: clementine.hm.cheung@hktdc.orgEric Wong, Tel: +852 2584 4575, Email: eric.ks.wong@hktdc.org Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Pertamina to balance energy transition, security in net zero push

17 11 月, 2022

JAKARTA, Nov 17, 2022 - (ACN Newswire via SEAPRWire.com) - 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.Chair of Task Force Energy, Sustainability, and Climate B20, Nicke Widyawati, during the 4th Task Force Energy, Sustainability, and Cimate Call Meeting of B20 Indonesia 2022 held in Jakarta on Tuesday (May 24, 2022). (ANTARA/HO-Pertamina)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.comWritten by: Yuni Arisandy Sinaga, Editor: Sri Haryati (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Pertamina, Keppel, Chevron to explore green hydrogen projects

12 11 月, 2022

JAKARTA, Nov 12, 2022 - (ACN Newswire via SEAPRWire.com) - Pertamina NRE, Keppel Infrastructure, and Chevron have signed an agreement to explore green hydrogen and green ammonia development projects in Indonesia, primarily in Sumatra.Pertamina NRE, Keppel Infrastructure, and Chevron have signed an agreement to explore green hydrogen and green ammonia development projects in Indonesia, specifically Sumatra. (ANTARA/Pertamina)"The development of green hydrogen and green ammonia has an important role in Indonesia's Net Zero Emissions road map," Pertamina NRE CEO Dannif Danusaputro said on Saturday.Given the existing potential, Indonesia is expected to play a key role in green hydrogen production in Asia, he added.We are excited about this strategic collaboration because we believe Keppel and Chevron are leading companies that share the same vision of energy transition as we do," he added.The collaboration was also welcomed by Keppel Infrastructure CEO Cindy Lim, who expressed her satisfaction over the agreement.Indonesia is a country with large resources of high renewable and low carbon energy potential, she noted.Therefore, she said she is pleased to be working with industry leaders, Pertamina and Chevron, to explore the prime use of geothermal energy and other new renewable energy for developing green hydrogen and green ammonia projects.The cooperation is also meant to support Indonesia's energy transition efforts as well as investment in new renewable energy supply chains in exploration areas, she added."This partnership will expand Keppel Infrastructure's geographic footprint of creating and capturing added value from its global commitment to net zero and its energy transition," she said.Meanwhile, vice president of hydrogen at Chevron New Energies, Austin Knight, expressed his hope to use the shared expertise to study and evaluate low-carbon business opportunities in the region."Then, we must work together to find new and innovative ways to continue to produce and deliver cleaner energy for a growing world," he said.Pertamina, Keppel Infrastructure, and Chevron signed the Joint Study Agreement (JSA) at the Business 20 (B20) Investment Forum, which was held ahead of the B20 Summit in Bali.B20 is the official dialogue forum of the G20 that represents the global business community.The JSA has been prepared to explore the feasibility of developing a green hydrogen facility, with a minimum production capacity of 40 thousand tons per year, supported by at least 250-400 MW of geothermal energy in the initial stage.The hydrogen production facility will have the potential to be scaled up to 80 thousand to 160 thousand tons per year, depending on the availability of geothermal energy and market demand.Hydrogen and ammonia have been identified as low-carbon fuels that are an important part of the energy transition plan.Ammonia can also be used to transport hydrogen and has the potential to replace bunker fuel as a low-carbon solution in the global maritime industry.With the agreement, Indonesia, which has around 40 percent of the world's potential geothermal resources, has the opportunity to utilize geothermal energy as a reliable and stable source of energy to produce green ammonia or green hydrogen.Contact: Dicky Septriadi, Corporate Secretary, Pertamina NREMobile: 08111663456, Email: dicky.septriadi@pertamina.com, URL: https://www.pertamina.comWritten by: Katriana, Editor: Rahmad Nasution (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Prontoblock and EPIC ESG Partner to Launch a DAO and Issue On-Chain Green Bonds to Finance Clean Energy Solutions

10 11 月, 2022

NEW YORK, Nov 10, 2022 - (ACN Newswire via SEAPRWire.com) - The on-chain tokenized green bonds issued by Prontoblock will be one of the first such offerings in the United States. Moody's forecasts that the issuance of green bonds could total $1 trillion in 2022.New York, November 8, 2022 -- Prontoblock, an innovative blockchain and Web3 company, will partner with EPIC ESG to utilize smart contracts in the form of Non-fungible Tokens (NFTs), and introduce utility tokens to support the structure of on-chain green bonds for large-scale projects. Prontoblock will issue approximately $300 million in notional value in the form of on-chain green bonds to support EPIC ESG's take out needs for the company's clean energy projects. According to a 2022 report by McKinsey, capital spending on physical assets for energy and land-use systems required to decarbonize the global economy and to achieve net-zero emissions by 2050 are estimated to be $9.2 trillion annually, and $275 trillion in total.EPIC ESG's clean energy, carbon sequestration and disruptive agricultural solutions address pressing green energy challenges within the United States. To fund and manage these solutions, Prontoblock will launch a Decentralized Autonomous Organization (DAO), an emerging corporate model that democratizes and automates governance utilizing logic embedded within smart contracts, to secure financing, streamline operations and improve reporting. Powered by Prontoblock's platform, this partnership will generate highly secure tokenized green bonds to open up market access for a broad spectrum of investors with increased efficiencies, and fractionalized ownership. This will help increase liquidity and decrease the cost of capital for all participants. By issuing NFTs on a distributed ledger, the ownership rights of these green bonds will be easily traded on multiple centralized and decentralized crypto exchanges globally - delivering new and superior functionality with digital assets over traditional ones."We are very excited to be working with Prontoblock, given their capital markets and blockchain expertise, to advance our ESG initiatives," says Kyle Barnett, CSO of EPIC ESG. "This partnership will democratize retail access to bonds and accelerate the rollout of critically needed clean energy projects.""The opportunity for Prontoblock to support worthy projects in the ESG space is a deserving use case for our technology," says John Murphy, Co-founder and Chairman of Prontoblock. "The DAO and green bonds issued by our platform will significantly increase access to food supply, uninterrupted clean energy and the offsetting of carbon emissions. As the need for capital for climate-related investments in the coming decades will be immense, supporting EPIC ESG's endeavors is a moral imperative for Prontoblock."About ProntoblockProntoblock provides innovative solutions to financial intermediaries and everyday investors. Our products open up both traditional and digital asset markets and streamline investment instrument operations using DeFi protocols. The Prontoblock platform enables clients to issue tokenized assets, and provides seamless and user-friendly on-ramps and off-ramps to web3 architecture. It powers a smart-contract solution that fully automates due diligence, establishes reliable records of current stakeholders and compliance, and significantly improves efficiency by reducing administrative friction. For more information, visit www.prontoblock.com.About EPIC ESGEPIC ESG harnesses the collaborative power of visionary clean energy innovation, values-driven investment, and sustainable, socially responsible impact to create clean energy solutions that transform our health, our economies, our environment, our planet, and the future of our children, and our children's children - for good. For more information, visit https://epicesg.com.Media Contact:Alex GaultProntoblockalex@prontoblock.com415-830-6739www.prontoblock.com Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Pertamina develops green business to support emission reduction

9 11 月, 2022

JAKARTA, Nov 9, 2022 - (ACN Newswire via SEAPRWire.com) - State-owned energy company PT Pertamina develops a number of green business initiatives to support Indonesia's goal to achieve net zero emission by 2060.CEO of PT Pertamina Power Indonesia Dannif Danusaputro (ANTARA/HO-Humas PT Pertamina)The company has been investing in biofuels, renewable energy, carbon capture, utilization and storage, battery and electric vehicles, hydrogen as well as the carbon business."Pertamina is committed to supporting the Indonesia government's commitment to achieve net zero by 2060 or sooner. Therefore, our business strategy consists of two pillars, namely decarbonizing our core business and developing a green business," CEO of Pertamina Power Indonesia Dannif Danusaputro stated at the Indonesia Pavilion at COP27 in Sharm El Sheikh, Egypt, on Sunday (November 6).He explained that Pertamina committed to allocating 14 percent of the projected 2022-2060 capital expenditure of US$70-80 billion US for the development of clean, new and renewable energy (NRE).This commitment is in line with efforts to use domestic resources to supply domestic energy towards green development and decarbonization.Pertamina also builds an integrated oil and gas supply chain to supply domestic needs and actively builds NRE portfolio using domestic resources.The company will develop a greener energy mix by reducing the share of refined products and LPG from 81 percent to 61 percent, increasing the share of gas from three percent to 19 percent and increasing the share of NRE from one percent to 17 percent.Considering a large investment required for the development of green business and clean technology to support the energy transition, Pertamina cooperates with national and global partners to explore partnerships in decarbonization programs, green businesses as well as accelerate the growth of EBT to achieve net zero emissions.Banks can also invest in these green business initiatives.The affordability of the clean energy transition will depend on reducing costs and increasing the availability of capital," Danusaputro said.In order to support the energy transition in Indonesia, Pertamina is also optimizing the potential and increasing the installed capacity of NRE where the company has pioneered the use of NRE in Indonesia with a total capacity of 60 GW by 2060.Pertamina will also commercialize green and blue hydrogen and take a strategic role in Indonesia's integrated battery and energy storage ecosystem through the development of the battery-powered electric vehicle industry in collaboration with several state-owned companies.In addition, Pertamina is making efforts to increase refinery capacity to produce green fuel. Through several processes at the green refinery, Pertamina produces high-quality and more environmentally friendly fuel derived from palm oil including biodiesel, green diesel, green avtur and green gasoline.Contact: Fajriyah Usman, VP Corporate Communications, PT Pertamina (Persero)M: +62 858 8330 8686, Email: fajriyah.usman@pertamina.com, URL: https://www.pertamina.comWritten by: Yashinta Difa Pramudyani, Editor: Fardah Assegaf (c) ANTARA 2022 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

ACN Newswire

Long list achievement of PLN enabling energy transition in Indonesia

2 11 月, 2022

JAKARTA, Nov 2, 2022 - (ACN Newswire via SEAPRWire.com) - PT PLN (Persero) committed to achieve net zero emission in 2060. To date, several positive achievements has been taken as an effort to support clean energy.President Director PLN Darmawan Prasodjo explained, PLN has launched a CFPP (PLTU) retirement roadmap of 6.7 Gigawatt (GW), which consists of 3.2 GW natural retirement based on the economic life of Coal Fired Power Plant and 3.5 GW conditional early retirement in 2040.In addition to early retirement, PLN has decreased the capacity of CFPP at Corporate plan (RUPTL) from 27 GW to 13.9 GW. "Us, in PLN committed to support government's program to actualized clean energy. By that, PLN takes a quick step." said Darmawan on Energy Transition Day in Nusa Dua, Bali on Tuesday (1/11).One of PLN's efforts to decrease coal usage on its power plant is to implement biomass co-firing. This scheme has been implemented at 33 coal fired power plants since 2021, which have successfully reduced 656 kton CO2 emission (as of September 2022).Co-firing scheme with hydrogen and ammonia are also in process of implementation. Currently there are 3 pilot project of co-firing hydrogen and ammonia with 3 different partnerships.PLN is also looking to study the possibility of impelementing Carbon Capture and Storage (CCS) to enable emission abatemement in thermal power plants. In this development, PLN collaborate with 3 partners namely: Institut Teknologi Bandung (ITB), Inpex and Medco Energi.PLN also accelerate the new and renewable (NRE) power plant development. In the RUPTL 2021-2030, PLN has planned an additional NRE capacity of 20.9 GW - equal to 51.6 percent of total new power plant capacity.To increase system efficiency, PLN is developing Smart Grid technology. This system will increase efficiency in the power generation, transmission and distribution, hence reducing emission through digitalization in every PLN business process line.Furthermore, PLN alao enables stakeholder to decarbonize their Scope 2 emissions through Green Energy as-a-service offering, which consists of Green Energy dedicated from specific renewables plant as well as Renewable Energy Certificate (REC). Since 2021, PLN has delivered ~1.5 TWh of green energy to +230 stakeholders such as SOEs, Government, Business, and Industry players.Moreover, PLN continues to develop the electric vehicle (EV) ecosystem to allow decarbonization of the transport sector. PLN has developed 240 Public Charging Stations (SPKLU) nationally. PLN has also onboarded 15 partners into PLN's EV ecosystem, ready to collaborate in accelerating the charging infrastructure expansion."The hard work that PLN doing today is not solely for this generation, but also for our grandchild's generation. Therefore, PLN invites all parties to collaborate in this energy transition." Said Darmawan. About PLNPT PLN (Persero) is a state-owned electricity company that continues to commit and innovate to carry out a great mission to illuminate and move the country. Having a vision to become a leading power company in Southeast Asia, PLN is moving to be the customer's number 1 choice for Energy Solutions. PLN carries the Transformation agenda with the aspirations of Green, Lean, Innovative, and Customer Focused to bring 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 TriantoExecutive Vice President of Corporate Communications and TJSL PLNTEL: 021 7261122 Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Pursued progress while ensuring stability and built up momentum, Legend Holdings realized revenue of RMB237,685 million in the first half of 2022

31 8 月, 2022

HONG KONG, Aug 31, 2022 - (ACN Newswire via SEAPRWire.com) - Legend Holdings Corporation (stock code: 3396.HK) announced today the unaudited condensed consolidated interim results for the six months ended June 30, 2022 (the "Reporting Period"). During the Reporting Period, the Company's revenue was RMB237,685 million and the net profit attributable to equity holders of the Company amounted to RMB2,131 million.Mr. Li Peng, Executive Director and CEO of Legend Holdings, said that in the face of the complex international environment, in the first half of 2022, Legend Holdings pursued progress while ensuring stability, and deepened the strategic thinking of "industrial operation, technological innovation", made steady improvement in its corporate competitiveness and operational efficiency, and further strengthened its investment and layout in the field of science and technology innovation; At the same time, we gave full play to the role of "chain leader", practiced the concept of green development, actively fulfilled corporate social responsibility, and devoted ourselves to contribute to the high-quality development of China's economy.During the Reporting Period, Legend Holdings further consolidated the foundation of its industrial operations and strengthened its operational management. The revenue of the segment increased by 4% year-on-year to RMB235,775 million, and the net profit attributable to the equity holders of Legend Holdings increased by 20% year-on-year to RMB2,830 million. -- Lenovo achieved revenue and profit growth for the ninth consecutive quarter. While maintaining its position as the world's No.1 PC maker, Lenovo accelerated the development of new growth drivers with the revenue share of the non-PC business reaching a new high of 37% in the second quarter-- Levima Group took the lead in achieving import substitution in the field of EVA photovoltaic materials. In the first quarter, the upgrading and transformation of EVA devices realized the expected effect, and the result in the second quarter reached a new high. In addition, the company continued to focus on the field of new materials, advancing the new projects in an orderly manner, and entered the field of electronic specialty gas; -- The core business of Joyvio Group develops well as a whole. Joy Wing Mau continued to improve its vertically integrated fruit supply chain and achieved rapid growth in revenue. Global demand and prices for seafood products continued to rebound, and the revenue and profit of Joyvio Food have been improved; -- With a healthy core capital adequacy ratio and strong international credit ratings, Banque Internationale a Luxembourg S.A. ("BIL") achieved solid growth - successfully navigating the challenges faced by Europe's economy. Meanwhile, BIL obtained QFLP status in Shenzhen, through which it will further support the introduction of foreign capital into China's market and other initiatives.During the Reporting Period, the industrial incubations and investments segment delivered stable and sound growth despite capital market volatility.-- Legend Capital raised funds of RMB3.5 billion, invested in 26 new projects, and 4 portfolio companies went public; -- Legend Star invested in nearly 20 new projects, more than 40 enterprises under management completed their next funding round, and it exited approximately 10 projects. The first round closing of the firm's fifth USD fund and the final closing of its artificial intelligence special fund were also completed.; -- Fullhan Microelectronics's market share has significantly increased, and its performance has achieved growth. It continued to invest in mid- and high-end surveillance products to enhance profitability, and the expediting growth of smart home & smart automotive products has served as new driving engines;-- Lakala maintained China's No. 2 operator in terms of bank card transaction volume and leading operator in QR code payments. At the same time, it proactively provided technological support for other businesses; -- The production and operation of Eastern Air Logistics have recovered steadily and achieved steady improvement in performance; -- Zhengqi Holdings focused on the field of scientific and technological innovation, carried out industrial exploration and investment layout, and has so far helped 11 of its portfolio companies in total successfully go public; -- JC Finance & Leasing achieved solid performance and year-on-year revenue growth amid the pandemic.Increasing investment in scientific and technological innovation, adhering to innovation-driven development and continuously supporting the growth of Specialized and Innovative EnterprisesLegend Holdings stays true to its original aspiration of "revitalizing the country through business". It has further increased its investment in technological innovation in line with the national strategy of achieving high-quality development driven by technological innovation and has achieved promising results. -- Steady implementation of the "plan of doubling investments in Research and Development"In the first half of 2022, Legend Holdings' Family Group's total R&D investment (excluding the capitalized R&D spending) reached RMB7.212 billion, and currently owns over 20,000 granted patents, ranking top among Chinese enterprises in various patent awards. Lenovo remains committed to its plan of doubling investments in R&D; it increased R&D spending by 23% year-on-year and grew R&D headcount by 29% year-on-year. Levima Advanced Materials adhered to its innovation-driven strategy. During the Reporting Period, it completed the laboratory R&D development for 9 new products and processes, the production technology formulas for 15 new products, and the industrialization of 5 new products. -- Continuously "long-sought" in the field of science and technology In the first half of 2022, Legend Holdings' family group invested in nearly 50 new technology companies, covering multiple fields such as cutting-edge technologies, hard & core technologies, healthcare and medicine, and has contributed to the development of specialized and innovative enterprises in China through its empowerment. During the year as of August 15, 2022, 12 of its portfolio companies have successfully completed IPOs. Close to 50 of Legend Holdings' family group's portfolio companies made the newly announced list of the fourth official list of state-level specialized and innovative enterprises, such as Noitom, Hua Kong Tsingjiao, Spacety, Union Semiconductor, EasyDiagnosis Biomedicine, NuVolta Technologies, etc. Up to now, Legend Holdings' family group has nearly 100 specialized and innovative companies in its portfolio.Adhering to green growth, playing the full strength as a chain leader, and actively fulfilling corporate social responsibilityLegend Holdings is committed to promoting green development philosophy through the efforts of its portfolio companies to seize the green development opportunities, and jointly build an ecological civilization. Lenovo has set a goal of net-zero carbon emissions by 2050, transforming into "net-zero carbon emission plants" on the basis of its state-level green plants. The Company continues to create and provide smart solutions that facilitate the green transformation, empowering over 300 top industrial enterprises in China. Levima Advanced Materials focused on the development of new energy materials and biodegradable materials on top of its existing EVA photovoltaic film business; BIL helped Chinese companies issue overseas green bonds to facilitate the development of green finance; at the same time, Legend Capital, Legend Star, Zhengqi Holdings, etc. have further expanded investments in related fields to promote innovation and technological progress.In terms of industrial chain, Legend Holdings promoted its subsidiaries to give full play to their advantages in operations and supply chains and assisted the coordinated development across the industrial chains. Lenovo was named a Gartner Global 25 Supply Chain for the eighth consecutive time. 90% of its manufacturing was from China, with 2,000 level-1 suppliers, directly providing more than 350,000 jobs. Levima Advanced Materials continued to make efforts in the field of new materials, expanding vertically to the upstream of the industrial chain while horizontally expanding to new segments, driving the mutual development with SMEs.Corporate social responsibility is an important part of Legend Holdings' overall strategy. The Company actively responds to the national call to steadily promote the implementation of the national employment stabilization policy within the family group, and carefully formulated and closely tracked various recruitment plans. While extensively attracting social talents, it focused on the recruitment of fresh graduates from colleges and universities, and actively expanded the scale of recruitment. In terms of public welfare undertakings, Legend Holdings has long focused on key areas such as fostering start-ups, contributing to rural revitalization, promoting social integrity and responding to disasters for years and insists on investing and carrying out relevant work effectively.Mr. Ning Min, Chairman and Executive Director of Legend Holdings, said that, under the strong leadership of the Communist Party of China's Central Committee, China coped well with the changes in the international environment, and achieved economic and social development while effectively coordinating pandemic prevention and control, adhering to the guiding ideology of "people-centered", and achieved a series of results in various tasks, which also created a good environment for the development of enterprises. In the first half of 2022, the Company continued to improve its position, strengthen its capabilities, seize the important opportunities arising from the transformation and upgrading of Chinese enterprises, focus on the real economy, increase efforts in the field of scientific and technological innovation, and earnestly fulfill its corporate social responsibilities. In the future, we will continue to aim at accomplishing the great goal of building a world-class enterprise, and contribute to the journey of achieving high-quality development and common prosperity! Copyright 2022 ACN Newswire. All rights reserved. (via SEAPRWire)

Baguio’s Net Profit Increased by 45%, Contracts On Hand Recorded a Historical High with a Substantial Increase of around 60% to HK$3.4 billion

30 8 月, 2022

HONG KONG, Aug 30, 2022 - (ACN Newswire via SEAPRWire.com) - Baguio Green Group Limited ("Baguio" or the "Group", Stock Code: 1397.HK) is pleased to announce its unaudited interim results for the six months ended 30 June 2022 (the "Period"). During the Period, revenue was approximately HK$710 million, representing an increase of approximately 22% as compared with the same period last year. The increase was mainly due to the strong performance of our cleaning segment. Profit attributable to shareholders of the Company was approximately HK$17.8 million, representing an increase of approximately 45% as compared with the same period last year. Gross profit margin was 8.1%. Business Overview and ProspectsIn the first half of 2022, new contracts awarded to the Group amounted to a total of HK$1.95 billion. As a result, the Group recorded a historical high for its contracts on hand of approximately HK$3.4 billion (as of 30 June 2022), representing an increase of 60% from approximately HK$2.1 billion as of 31 December 2021. This will drive a strong revenue growth in the second half of 2022 and the subsequent years.The Group's core business, cleaning services, recorded a considerable growth. Revenue of cleaning services increased by 42% to approximately HK$500 million, accounting for 70% of the Group's overall revenue during the Period. In addition, the Group secured a number of new street cleaning service contracts from the HKSAR Government worth approximately HK$1.6 billion during the Period. Winning these Food and Environmental Hygiene Department ("FEHD") street cleaning service contracts confirms that Baguio is a leading player in the Hong Kong cleaning market. Baguio now covers a total of seven Hong Kong districts, serving more than 2.5 million people (or a third of the city's population).With regard to the waste management and recycling business, the Group won two new FEHD waste collection service contracts worth approximately HK$140 million in total. The Group's waste collection services network now covers a total of five districts in Hong Kong and serves approximately 1.5 million people, placing Baguio one of the key waste management leaders in Hong Kong.The Group is contracted by the Environmental Protection Department ("EPD") to handle over 5,000 recycling spots (including plastic, glass bottles, metals and waste paper) across Hong Kong. We currently operate various sorting facilities to support our recycling business. Baguio's 33-month service contract under EPD's Plastic Recycling Pilot Scheme for plastic collection services in the Eastern, Kwun Tong and Central & Western districts successfully commenced in the first half of 2022. The collection volume is expected to rise in the second half of 2022.To support the expected growth in the volume of the plastic recycling business, the Group recently introduced a new high-speed and fully-automated plastic-sorting facility. Enhanced by Near-Infrared ("NIR") technology, the new plant facilitates rapid separation of all plastic types and colours. It not only increases the processing volume, but also strengthens Baguio's plastic-sorting capability to precisely and effectively separate the collected plastic recyclables into different types for quality conversion. This new technology will drive the Group's plastic recycling business future growth. When fully operational, the plant's plastic processing capacity per year could exceed 10,000 tonnes, equivalent to 400 million plastic bottles.In line with the Hong Kong's sustainable development, we continue to enhance our collection and recycling capabilities. Our joint venture with Swire Beverages Holdings Limited and another investor to set up Hong Kong's first food-grade ready PET plastic factory at the EcoPark in Tuen Mun has commenced operation. Collected plastics are turning into recycled plastic flakes, which can then be re-manufactured as new products. The production volume is gradually increasing.The Group launched the "ESG+" solution this year to support listed company clients to enhance their ESG performance, thereby increasing their chances of securing green financing and becoming an ESG index constituent.Regarding our green technology business, we were awarded EPD's first service contract last year for using bioconversion technology (Black Soldier Flies) to help solve Hong Kong's chicken manure problem. Located at the EcoPark in Tuen Mun, the facility is currently undergoing commissioning tests and is scheduled to become fully operational by the end of 2022, opening a new chapter for the Baguio's green technology business.The Group strive to inject new momentum into our business with biotechnology. In partnership with Jardine Engineering Corporation Limited, the Group formed a Pilot Biochar Production Plant at the EcoPark in Tuen Mun which will enter testing phase within this year. By converting wood waste into high-quality biochar with pyrolysis technology, the production plant effectively turns waste into useful resources.Mr. Ng Wing Hong, Chairman of Baguio, commented, "With the Municipal Solid Waste (MSW) Charging Scheme scheduled to be launched in the second half of 2023, it is expected to further motivate the public to recycle and to increase the recycling volume. With the implementation of the Producer Responsibility Scheme on Plastic Beverage Containers, the recycling rate of plastic beverage containers is expected to have a significant increase. The two schemes are expected to directly drive the growth of Baguio's recycling business and create solid returns from our investment in recycling facilities which creates a strong entry barrier to the competition.Looking ahead, the Group will continue to contribute to the global environment protection by developing its existing business and constantly exploring projects with strong growth potential and green technology." For details of the Group's 2022 interim results announcement, please visit the following website: http://www.baguio.com.hk/en-S/Investor%20Relations/Announcements%20and%20NoticesAbout Baguio Green GroupEstablished 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 2022 ACN Newswire. All rights reserved. (via SEAPRWire)