Green Hydrogen – APK is gearing up for the establishment of its expansive Newcycling® plant, marking a pivotal moment in the company’s strategic evolution 21-12-2023
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Economic Decline: Ecosystems’ Impact on Global Well-being
In a sobering study conducted by scientists at the University of California, Davis, and Scripps Institution of Oceanography at UC San Diego, the future economic landscape is predicted to bear the brunt of ongoing ecosystem degradation. Published on December 19, 2023, the research forewarns that by 2100, economic benefits derived from ecosystem services may plummet by up to 9%, exacerbating global inequalities.
The analysis, employing global vegetation and climate models alongside World Bank estimates, posits an average 1.3% reduction in gross domestic product worldwide due to climate change-induced alterations in vegetation, rainfall patterns, and elevated CO2 levels. Green Hydrogen
This grim outlook is compounded by the unequal distribution of impacts, as the world’s poorest 50% of countries are projected to shoulder a staggering 90% of GDP damages. In contrast, the wealthiest 10% may experience more limited losses at just 2%. The study emphasizes the critical role natural capital plays in less developed countries’ economies, underscoring the need for robust climate mitigation measures to safeguard these ecosystems.
Bernardo Bastien-Olvera, a doctoral student at UC Davis, poses a crucial question: What is lost when an ecosystem is degraded? The study contends that the losses extend beyond economic impacts, encompassing clean air, water, healthy forests, and biodiversity—collectively constituting “natural capital” that directly influences human well-being and economic prosperity. The researchers stress the urgency of recognizing and addressing these often overlooked damages to mitigate economic losses and foster global well-being in the coming decades. Green Hydrogen
MEGlobal rolls over January MEG ACP
MEGlobal has maintained the monoethylene glycol (MEG) Asian Contract Price (ACP) for January 2024 at $840 per tonne, according to a company insider. This marks a stability compared to the December ACP. The pricing structure is established on a CFR (cost and freight) basis in the Asian market.
It’s noteworthy that MEGlobal had previously set the ACP for December 2023 at $840 per tonne, reflecting a $10 per tonne increase from the November ACP, as communicated by a company source. Again, the pricing for December was based on CFR terms in the Asian market. Green Hydrogen
The decision to rollover the MEG ACP for January suggests a strategic approach to maintaining pricing consistency in the market. This move comes after a modest increment in the previous month, indicating stability in MEGlobal’s pricing strategy amidst market dynamics. The ACP not only serves as a benchmark for industry players but also reflects MEGlobal’s response to prevailing economic factors influencing the monoethylene glycol market in the Asian region.
Aquafil Ranked First Among Global Companies in the “textiles” Subindustry …
Aquafil S.p.A. [ECNL:IM] [ECNLF:OTCQX] ranked as the top company globally in the “Textiles” subindustry according to the Morningstar Sustainalytics ESG Risk Rating1.
The excellent rating of 10.7 improved by 4.7 points2 from the rating received in 2022.
Today, the Group is ranked in the “low” ESG risk level, slightly above the “negligible” one.
The score is measured on a scale consisting of 5 levels (Negligible, Low, Medium, High, Severe) and a rating from 1 (lowest risk) to 100 (highest risk).
Moreover, with this result, Aquafil is in the third percentile of the companies rated globally by Morningstar Sustainalytics, a leading company in ESG analysis and evaluation. An abstract of the report is posted on the website at: https://www.sustainalytics.com/esg-rating/aquafil-spa/2005614095 Green Hydrogen
“The result obtained confirms our commitment and the effectiveness of the improvement process already initiated, which aims to achieve, by 2025, a negligible assessment of the ESG risk level”, stated Giulio Bonazzi, Chief Executive Officer of Aquafil.
For more information on Aquafil’s ESG commitment and specific initiatives, please see the Sustainability section on the website https://www.aquafil.com/esg-agenda-2030/
Aquafil is a pioneer in the circular economy also thanks to the ECONYL® regeneration system, an innovative and sustainable process able to create new products from waste and give life to an endless cycle. The nylon waste is collected in locations all over the world and includes industrial waste but also products – such as fishing nets and rugs – that have reached the end of their useful life. Such waste is processed to obtain a raw material – caprolactam – with the same chemical and performance characteristics as those from fossil sources. The polymers produced from ECONYL® caprolactam are distributed to the Group’s production plants, where they are transformed into yarn for rugs carpet flooring and for clothing. Green Hydrogen