investment
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“Borealis announces €49 million investment to scale up PP production”
Borealis has announced a €49 million investment to expand its Borstar Nextension polypropylene production at the Burghausen site, in response to stricter European environmental mandates.
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Ingka Group is investing an undisclosed sum in Re-mall, a producer of post-consumer propylene.
Ingka Group is backing Shanghai's Re-mall, a plastics recycler, as part of its $1.16 billion investment initiative to help IKEA's largest retailer increase material repurposing and reuse in products.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
European Investment Bank to Open Regional Office in Uzbekistan to Boost Green Economy and Infrastructure Projects
A regional office of the European Investment Bank (EIB) will soon open in Tashkent, Uzbekistan, following the signing of a cooperation agreement attended by Uzbekistan’s President Shavkat Mirziyoyev, European Commission President Ursula von der Leyen, and European Council President António Costa, according to the Presidential Press Service.
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Finnish firm Syklo Invests +$83M in advanced recycling facility
Syklo Ltd., a Finnish circular economy company, plans to invest over $83 million in a new facility for plastic recycling and biocomposite production.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
SOCAR plans $7B investment in new polyolefin facilities in Turkey
Azerbaijan's state-owned energy giant, SOCAR, declared on Monday its plan to invest an extra $7 billion (TL 247.29 billion) to reduce Türkiye's reliance on imported petrochemical products.
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Cyclyx to invest in second Cyclyx Circularity Center
Cyclyx International, LLC is a joint venture among Agilyx, ExxonMobil, and LyondellBasell, focused on converting post-use plastic into feedstock.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
India to attract $87 billion investment in petrochemicals over next decade
India's annual consumption of petrochemical products is 25-30 million metric tonnes.
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ABN AMRO invests in Hy24’s clean hydrogen equipment fund
ABN AMRO invests in the Clean Hydrogen Equipment Fund.
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Iberdrola and Masdar sign global alliance to co-invest up to €15 billion in offshore wind and green hydrogen projects
Iberdrola and Masdar announced a strategic partnership agreement to development of offshore wind and green hydrogen projects in key markets.
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Belgian DEME to invest $3bn in green hydrogen project in Jarjoub port
The Egyptian Cabinet and Deme collaborated to launch green hydrogen project in the port of Jargoub.
DOWNSTREAM CENTRAL ASIA AND CASPIAN
Kazakhstan and Uzbekistan strengthen trade and investment cooperation
Kazakhstan and Uzbekistan discuss the possibilities of bilateral relationship development.
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Siemens to invest €1 billion and create blueprint for industrial metaverse in Germany
Siemens is planning to centre its global technology for the industrial metaverse.