ESG Spectrum’s Key25 News

October 26, 2021 Edition | Princeton, NJ USA 9am

An Overview:
Out of 200+ global ESG news comprehensively compiled and curated in last 24 hours from global as well as regional and local news media, presented here are 25 key news listed by news title. Also provided is the news source link, news date and news type description for each news along with country, company name, www, industry, and ticker and market capitalization group for listed company.

Companies/Institutes included:
Adani Group | Archer-Daniels-Midland Co | ATOME Energy PLC | Atrato Onsite Energy Plc | D. E. Shaw Renewable Investments, L.L.C. | Doosan Fuel Cell Co Ltd | Equites Property Fund Limited | KBC Groupe NV | Keppel Infrastructure Holdings Pte Ltd | Novalith Technologies Pty Ltd | Oil Refineries Ltd | Ørsted A/S | Oversea-Chinese Banking Corp. Limited | Piraeus Bank SA | PrairieSky Royalty Ltd | ReneSola Ltd. | Seche Environnement | Sojitz Corp | Statkraft AS | Swisstek Aluminium Limited | Towngas China Company Ltd | Wärtsilä Oyj Abp | Westpac New Zealand Limited | White Oak Global Advisors LLC | Woodside Petroleum Ltd |
1. Adani Group exploring investments in Sri Lanka’s energy, wind sector
Adani Group is looking at possible investments in Sri Lanka’s wind and renewable energy sector, Ceylon Electricity Board (CEB) Vice Chairman Nalinda Ilangakoon said. “The Adani group has yesterday explored the possibility of investing in Sri Lanka’s wind and renewable energy sector,” Ceylon Electricity Board (CEB) Vice Chairman Nalinda Ilangakoon told news agency PTI. (Full Story) (October 26, 2021) (Green Investment) [ India , Adani Group, website , Conglomerate , BSE: 512599 , LargeCap ]
2. ADM, Gevo Sign MoU to Produce up to 500M Gallons of Sustainable Aviation Fuel
ADM, a global leader in nutrition and agricultural origination and processing, and Gevo, Inc., a pioneer in transforming renewable energy into low carbon, energy-dense liquid hydrocarbons, announced that they have signed a memorandum of understanding (MoU) to support the production of sustainable aviation fuel (SAF) and other low carbon-footprint hydrocarbon fuels. (Full Story) (October 25, 2021) (ESG Collaborations) [ United States , Archer-Daniels-Midland Co, website , Food/Beverages , NYSE: ADM , LargeCap ]
3. Atrato Onsite Energy to tap solar power opportunity on commercial roofs
A  fund has been set up to invest in and put solar power assets on the roofs of the UK’s factories and offices.Atrato Onsite Energy intends to raise around £150mln when it lists at the end of November. (Full Story) (October 25, 2021) (ESG Funds) [ United Kingdom , Atrato Onsite Energy Plc, website , Diversified Financial Services , Privately-Owned Company ]
4. Bazan Group Inks Deal with UBQ Materials to Incorporate Climate Positive Thermoplastic into Resin Product Lines
Bazan Group's wholly-owned subsidiary, Carmel Olefins (CAOL), Israel's sole manufacturer of petrochemicals for raw materials in the plastics industry, together with UBQ Materials, developer of the leading climate-positive thermoplastic material on the market, announced an agreement to incorporate the patented bio-based material, UBQ™, with the resin production of CAOL. (Full Story) (October 25, 2021) (ESG Collaborations) [ Israel , Oil Refineries Ltd, website , Oil, Gas & Power , TLV: ORL , LargeCap ]
5. D. E. Shaw Renewable Investments (DESRI) Announces Signing of a 160 MWac Solar PPA with Facebook in Virginia
D. E. Shaw Renewable Investments (DESRI), announced details regarding the signing of a power purchase agreement (PPA) with Facebook for the Chester Solar project in Virginia. The solar facility will support Facebook's data centers in the region, including the Henrico Data Center, located nearby in Eastern Henrico County. (Full Story) (October 25, 2021) (ESG Collaborations) [ United States , D. E. Shaw Renewable Investments, L.L.C., website , Oil, Gas & Power , Privately-Owned Company ]
6. Doosan Fuel Cell to develop hydrogen fuel cells using biogas
South Korean fuel cell manufacturer Doosan Fuel Cell has signed an agreement with compatriot Korea Western Power Co. and KEPCO Engineering & Construction Company to develop technology that directly injects pure biogas from unused biogas into hydrogen fuel cells. (Full Story) (October 25, 2021) (ESG Collaborations) [ South Korea , Doosan Fuel Cell Co Ltd, website , Oil, Gas & Power , KRX: 336260 , LargeCap ]
7. KBC Groupe : As part of its fight against climate change, KBC will no longer provide credit, advice or insurance to new oil and gas fields.
Starting from 1 November 2021, KBC will tighten up its policy, for the third time in just two years. KBC's new Energy Credit Policy confirms the strict restrictions on the financing[1] of fossil fuels, which have been in place for some time, and now introduces an end to financing for the exploration and development of new oil and gas fields. This decision from KBC sets out concrete measures in response to the most recent findingsof the International Energy Agency, which show that a sufficient number of oil and gas resources have now been tapped. (Full Story) (October 26, 2021) (ESG Regulations) [ Belgium , KBC Groupe NV, website , Insurance , EBR: KBC , LargeCap ]
8. Keppel and NTU collaborate on zero-emissions, decarbonisation and circular economy solutions
Keppel Infrastructure Holdings Pte Ltd (KI), through its innovation and technology arm, Keppel Energy Transition Centre Pte Ltd (KETC), and Nanyang Technological University, Singapore (NTU Singapore) have signed a Memorandum of Understanding (MOU) to collaborate in the development of zero- emissions, decarbonisation and circular economy solutions, including in key areas such as Carbon Capture, Utilisation and Storage (CCUS), smart digital-enabled Distributed Energy Resources (DERs) such as solar and energy storage systems, as well as environmental sustainability technologies. (Full Story) (October 26, 2021) (ESG Collaborations) [ Singapore , Keppel Infrastructure Holdings Pte Ltd, website , Commercial Services , Privately-Owned Company ]
9. Novalith raises $2.5m seed funding to launch its clean lithium extraction technology
Novalith Technologies Pty Ltd, an Australian climate technology company targeting the global lithium market, has successfully raised AU$2.5 million in a seed funding round. Novalith is set to accelerate the development of its Australian-made lithium extraction and refining technology to provide a low carbon, sustainable approach to lithium production. Their technology aims to substantially reduce production costs, improve sustainability outcomes, and ultimately revolutionise the global battery supply chain. (Full Story) (October 25, 2021) (ESG Funds) [ Australia , Novalith Technologies Pty Ltd, website , Information & Communication Technology , Privately-Owned Company ]
10. OCBC extends S$148m green loan using BCA's new assessment tool
OCBC extended its first green loan leveraging the new Building Energy Efficiency Assessment (BEEA) tool launched by the Building and Construction Authority of Singapore (BCA), the bank announced. Proceeds from the S$148 million facility to Fairview Development, a unit of Singapore private developer Tong Eng Group, will be used to finance the development of its upcoming residential project Belgravia Ace. (Full Story) (October 26, 2021) (Sustainable Loans and Financing) [ Singapore , Oversea-Chinese Banking Corp. Limited, website , Diversified Financial Services , SGX: O39 , LargeCap ]
11. Ørsted to help Edinburgh Airport decarbonise
Danish energy group Ørsted A/S and Edinburgh Airport have signed a memorandum of understanding (MoU) to work on a roadmap to meet the airport's net zero by 2040 ambition, the parties said last week. The plans will include the use of green technologies such as hydrogen fuels. (Full Story) (October 25, 2021) (ESG Collaborations) [ Denmark , Ørsted A/S, website , Oil, Gas & Power , CPH: ORSTED , LargeCap ]
12. Pamu And Westpac NZ Agree Market-leading Sustainability-Linked Loan
Westpac NZ and Pamu have signed New Zealand’s most comprehensive Sustainability-Linked Loan to date, also the largest in the agricultural sector, and the first involving a state-owned enterprise. (Full Story) (October 26, 2021) (Sustainable Loans and Financing) [ New Zealand , Westpac New Zealand Limited, website , Banks , Privately-Owned Company ]
13. Piraeus Bank mandates banks on senior green bond issue
Piraeus Bank, one of Greece's largest lenders, mandated BNP Paribas, BofA, Goldman Sachs, Morgan Stanley Nomura and UBS as joint bookrunners for a senior green bond issue, IFR said. (Full Story) (October 25, 2021) (Sustainability-linked Bonds) [ Greece , Piraeus Bank SA, website , Diversified Financial Services , ATS: TPEIR , LargeCap ]
14. PrairieSky Announces 2021 Third Quarter Results and Sustainability-Linked Credit Facility
PrairieSky is also pleased to announce an extension and expansion of the Company’s credit facility which has been reconstituted as a sustainability-linked loan, reinforcing PrairieSky’s environmental, social and governance leadership and performance. (Full Story) (October 25, 2021) (Sustainable Loans and Financing) [ Canada , PrairieSky Royalty Ltd, website , Oil, Gas & Power , TSE: PSK , LargeCap ]
15. ReneSola Power and MP Sicily Developments to Co-develop Solar Projects in Italy
ReneSola Ltd , a leading fully integrated solar project developer, announced the signing of a strategic partnership agreement with Terra Aurea Gela S.r.l, an Italian, based project developer specialized in the development of renewable energy power plants in Italy, to co-develop ground-mounted solar projects in Italy, with a pipeline of several transactions scheduled for 2022. (Full Story) (October 25, 2021) (ESG Collaborations) [ United States , ReneSola Ltd., website , Oil, Gas & Power , NYSE: SOL , MidCap ]
16. Séché Environnement issues sustainability bond
Séché's targets are: to reduce French emissions across scopes one and two by 10% by 2025 compared to 2020, and increase avoided greenhouse gas emissions in France via recycling activities by 40% by 2025. According to S&P, the bond meets sustainability linked bond principles. (Full Story) (October 25, 2021) (Sustainability-linked Bonds) [ France , Seche Environnement, website , Commercial Services , Privately-Owned Company ]
17. Sojitz, Osaka Gas and Looop begin rooftop solar generation business in Vietnam
Sojitz Osaka Gas Energy Company Ltd, a joint venture company between Sojitz Corp and Osaka Gas Co Ltd, has partnered with Looop Inc to establish a new joint venture company SOL Energy Co. SOL Energy will begin operations of a rooftop solar power generation business geared towards industrial and commercial customers in Vietnam. (Full Story) (October 25, 2021) (ESG Collaborations) [ Japan , Sojitz Corp, website , Trading/Distribution , TYO: 2768 , LargeCap ]
18. Standard Bank And Equites Conclude R2 Billion Sustainability Linked Debt Package
Equites Property Fund Limited (“Equites”) concluded a R2 billion debt, refinance and upsize package with the Standard Bank of South Africa Limited (“Standard Bank”), comprising of an R800m three-year sustainability linked (SL) unsecured listed bond; a £50m two-year SL loan including a £25m upsize; and a R221m three-year loan. (Full Story) (October 25, 2021) (Sustainable Loans and Financing) [ South Africa , Equites Property Fund Limited, website , Real Estate , JSE: EQU , LargeCap ]
19. Statkraft signs 3-year French wind PPA with RWE
Statkraft has signed a three-year power purchase agreement (PPA) with German rival RWE to manage the sale of electricity from the latter's first French wind farm (27 MW), the Norwegian firm.The lagoon would be part of the £1.7bn Blue Eden project, which is being backed by an international consortium led by Bridgend-based DST Innovations, with support from Swansea council and Associated British Ports. (Full Story) (October 25, 2021) (ESG Collaborations) [ Norway , Statkraft AS, website , Commercial Services , Privately-Owned Company ]
20. Swisstek Aluminium switches to Green Energy through Mega Roof Solar Project
Swisstek Aluminium Limited announced its contribution towards the national sustainability drive through the installation of solar power generation facilities at its factory complex. This shift to renewable energy is expected to affect positively on its export share, considering the global shift towards cleaner production methods that is pushing suppliers to source materials from more eco-friendly manufacturers. (Full Story) (October 26, 2021) (Renewable & Alternative Energy) [ Sri Lanka , Swisstek Aluminium Limited, website , Metals , Privately-Owned Company ]
21. Towngas China raises $360 mln from Affinity in smart energy push
Towngas China Company Ltd said that private equity firm Affinity Equity Partners will invest HK$2.8 billion ($360 million) in the company to help finance its evolution into an integrated clean energy provider. The Hong Kong-listed gas investment and management firm plans to issue new shares and convertible bonds to raise a total of HK$2.8 billion from Affinity, it said in a filing with the Hong Kong stock exchange on Monday. (Full Story) (October 25, 2021) (Green Investment) [ China , Towngas China Company Ltd, website , Oil, Gas & Power , HKG: 1083 , LargeCap ]
22. UK company and Itaipu sign MoU to produce green hydrogen and ammonia in Paraguay
ATOME Energy PLC signed an agreement with the Itaipu Binational Technology Park to invest in state-of-the-art green hydrogen and ammonia production facilities. The agreement signed between the two institutions aims at large-scale production of green hydrogen and ammonia from clean energy sources. (Full Story) (October 25, 2021) (ESG Collaborations) [ United Kingdom , ATOME Energy PLC, website , Oil, Gas & Power , Privately-Owned Company ]
23. Wärtsilä commits to carbon neutrality by 2030
Wärtsilä’s carbon neutrality target covers direct greenhouse gas emissions from the company’s own operations, including the Research & Development and factory engine testing areas as well as purchased energy.Håkan Agnevall, President and CEO of Wärtsilä, comments: “These new ambitious “Set for 30” climate targets demonstrate our commitment to our purpose of enabling sustainable societies. Our aim is to support our customers on their decarbonisation journey, thereby shaping a sustainable future for the marine and energy sectors. (Full Story) (October 26, 2021) (Carbon Footprint/Trading/Emissions) [ Finland , Wärtsilä Oyj Abp, website , Marine , HEL: WRT1V  , LargeCap ]
24. White Oak Delivers $80 Million Term Loan Financing
White Oak Global Advisors, LLC, announced it provided a $80 million term loan supporting the refinancing of one of the largest non-ferrous and ferrous metals recyclers in the US. The structure, which also includes an $80 million asset-based credit facility, provides the company with a more efficient capital structure and increases its borrowing capacity as commodity prices increase. (Full Story) (October 25, 2021) (Responsible Investments) [ United States , White Oak Global Advisors LLC, website , Diversified Financial Services , Privately-Owned Company ]
25. Woodside Petroleum unveils plans for $1 billion hydrogen and ammonia plant in Kwinana
Oil and gas giant Woodside has announced plans to build a hydrogen and ammonia production hub on government land south of Perth, sparking debate over the project's green credentials.  (Full Story) (October 25, 2021) (ESG Funds) [ Australia , Woodside Petroleum Ltd, website , Industrial Engineering , ASX: WPL , LargeCap ]

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