Mitsubishi Corp to acquire Dutch power firm Eneco for €4.1 billion
Eneco, a renowned Netherlands based sustainable energy firm, reportedly stated that Japan’s Mitsubishi Corp would be buying the company for €4.1 billion, beating competing bids from private eq....
German giant BASF rolls out $10 billion Verbund project in China
The new Verbund site will be instrumental in catapulting BASF’s growth in APAC. Total capacity of BASF in APAC would be pegged at 290,000 metric tons per year. German chemical giant BA....
ADNOC enters long-term pact with IOCL for its high-quality base oil
The ADNOC (Abu Dhabi National Oil Company), the UAE’s state-owned oil company, has reportedly entered into a long-term agreement with the Indian Oil Corporation Limited (IOCL), for the sale of its s....
Beverage firms boost production of low-cal drinks to meet high demand
Beverage giants like PepsiCo and Coca-Cola have reportedly spiked production of carbonated low-sugar drinks on account of rising demand for diet Coke and Pepsi this summer, officials stated. Two fo....
Dutch engineers construct sunflower-like sun-seeking solar farm
Dutch engineers have made it to the headlines for building what is said to be the world’s largest group of islands made from sun-tracking solar panels. Reportedly, construction work for the proje....
Subway debuts its first vegan sandwich with salad and garlic aioli
Subway’s new vegan sub will be available in stores along with a vegan salad with a starting price of £3.80. Subway has reportedly made plans to make the most of the vegan trend after Greggs ve....
Siemens Gamesa builds Arkona wind power facility in record time
The Arkona power plant has 385 MW of total capacity and will supply electricity to around 400,000 average German households annually. Siemens Gamesa Renewable Energy (SGRE) has reportedly announce....
Cypress Creek partners with Starbucks for building solar farms in US
Starbucks has separately invested in six solar farms of Cypress Creek in Texas, which represents a total of 50 megawatts of solar energy Cypress Creek Renewables, a solar power company, and Starbuc....
Greenam Energy breaks ground on India’s first floating PV plant
The project will be supplying electricity to Southern Petrochemicals Industries Corporation (SPIC) while the excess energy will be sold to the state power utilities. Greenam Energy Private Limited,....