Spanish Company Opens New Facility in Vietnam to Boost Circularity in Textile Industry
Recover, a Spain-based producer of recycled cotton fiber and cotton fiber blends, has recently opened a new manufacturing facility in Vietnam. The facility, set to begin operations early 2025, will introduce Recover’s large-scale recycling technology to Vietnam’s...
ExxonMobil Commits USD 15 Billion for Carbon Storage and Petrochemical Investment in Indonesia
ExxonMobil, a leading American oil company, has committed to investing up to USD 15 billion in carbon capture and storage (CCS) and a petrochemical refinery in Indonesia. The agreement was formalized through a memorandum of understanding (MoU) signed between the...
COP29: Singapore and Peru Agree on Article 6 Carbon Credits
Singapore’s Ministry of Trade and Industry (MTI) announced on November 2024 during the COP29 climate summit that it has successfully concluded negotiations on a bilateral carbon trading agreement with Peru. This Implementation Agreement (IA), aligned with Article 6 of...