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30.11.2021 (343 Clicks)

ENGIE and BASF sign Power Purchase Agreement for renewable Energy in Europe

ENGIE and BASF have signed a 25-year Power Purchase Agreement (PPA) for renewable energy in Europe. Under the PPA, effective as of January 1, 2022, ENGIE will provide BASF with up to 20.7 terawatt hours of renewable electricity in total throughout the term of the agreement.

30.11.2021 (373 Clicks)

Climate Action can lessen Poverty and Inequality worldwide

Climate change disproportionately affects the world’s most vulnerable populations. Not only are these effects compounding and magnify existing inequalities, but the impacts will increase in severity over time, affecting both current and future generations. A new international study shows that the redistribution of revenues from a carbon tax can promote equity and protect marginalized populations.

29.11.2021 (379 Clicks)

Queensland´s Exploration Expenditure for the September 2021 Quarter has risen by 7 %

The latest exploration data from the Australian Bureau of Statistics (ABS) is out, and it’s great news for Queensland. Exploration expenditure in the Sunshine State for the September 2021 quarter has risen by 7 percent on the previous quarter to reach $196 million.

27.11.2021 (396 Clicks)

Vanadium Key to building a sustainable Future

Vanadium is a key metal for sustainable development around the world. It is used to reduce the CO2 footprint of steelmaking and applied as electrolyte in vanadium redox flow batteries (VRFBs), which are set to play a leading role in long duration energy storage.

26.11.2021 (317 Clicks)

BAM implements new Organisation Structure to further improve Effectiveness and Growth

Effective 1 January 2022, Royal BAM Group nv will implement a new organisation structure to further improve effectiveness and access to growth opportunities.

26.11.2021 (607 Clicks)

Strabag awarded major Contract for Drinking Water Treatment Plant in Ghana

• Design & build contract for the design, delivery, erection and commissioning of a drinking water treatment plant
• Contract value of around € 70 million with term of 40 months
• Financing of project via buyer credit with export guarantee

25.11.2021 (316 Clicks)

Fugro honoured with US Offshore Wind Industry Ventus Award

Fugro has received a Ventus Award for Advancement in Project Siting and Development from the Business Network for Offshore Wind.

25.11.2021 (288 Clicks)

Sandvik to acquire US based round Tools Manufacturer GWS Tool Group

Sandvik has signed an agreement to acquire 100% of the equity interests of the US based company GWS Tool Intermediate Holdings LLC from its beneficial owners, L Squared Capital Partners and GWS management. GWS is an established and fast growing provider of made-to-order round tools with a large exposure to the general engineering and aerospace segments. The Company will be reported in Walter, a division within the business area Sandvik Manufacturing and Machining Solutions.

“With the acquisition of GWS, we take an important step in our shift to growth strategy where we have a clear ambition for our machining solutions business to increase market share in round tools and to enhance our presence in the North American market”, says Stefan Widing, CEO and President of Sandvik.

GWS primarily sells made-to-order products, such as polycrystalline diamond tools and taps, which are complementary to Walter’s standard product offering. GWS’ strong operational presence in the US and speed to market capabilities improves Walter’s value proposition and position in the manufacturing of advanced components and light-weight materials, while strenghtening and complementing Walter’s current customer end-market exposure.

“We are pleased to add the GWS product portfolio to our existing US offering and become a one-stop shop for round tools for our North American customers. GWS brings us complementary production capabilities and strenghtens our foothold within general engineering and aerospace, while having only a limited, low-single digit exposure to internal combustion engines. With its solid position within custom round tools and strong customer focus, GWS is a great fit for Sandvik Machining Solutions”, says Nadine Crauwels, President of Sandvik Machining Solutions.

GWS is headquartered in Florida, USA, and has around 490 employees. For 2021, on a pro forma basis, the Company is expected to have revenues of approximately SEK 875 million. GWS has had strong revenue growth historically, and is expected to grow at a high single digit organic growth rate in the medium term. The impact on Sandvik’s EBITA margin and earnings per share will initially be neutral. The parties have agreed not to disclose the purchase price. The transaction is expected to close during the fourth quarter of 2021 and is subject to relevant regulatory approvals.

Source: Sandvik AB

                     

25.11.2021 (317 Clicks)

Balfour Beatty hits the Jackpot at APM Project Management Awards

Balfour Beatty took home one of the top accolades at this years’ APM Project Management Awards – securing the ‘Contribution to Project Management: company or consultancy’ award.

23.11.2021 (304 Clicks)

KaMin to acquire BASF Kaolin Minerals Business

KaMin LLC, a global performance minerals company owned by IMin Partners, and BASF announced that they have entered into a definitive agreement in which KaMin will acquire the BASF kaolin minerals business. Currently, the kaolin minerals business is part of BASF's Performance Chemicals division.