SINGAPORE: Singapore companies can now subscribe to a service that will help them cut energy usage and carbon emissions by about 10 per cent, and in turn, generate savings. Singapore pledged under the Paris Agreement on climate change to reduce emissions intensity by 36 per cent from 2005 levels by 2030. (Photo: AFP/SHAMMI MEHRA) The service – called the Co-Pilot Hub – was launched on Monday (Oct 22) and is offered by software and services provider KBC. The hub is co-funded by Japanese electrical engineering and software firm Yokogawa Electric Corporation and through a grant from the Economic Development Board under the Research Incentive Scheme for Companies (RISC). Companies can sign up and pay a subscription fee and pay the solutions provider, KBC, a portion of the energy savings that are achieved. KBC declined to disclose how much the subscription fee is. KBC projects that a refinery, for example, will be able to save up to S$30 million a year through the … [Read more...] about New service to help companies cut carbon emissions, generate savings
Companies
Momenta, China’s first autonomous driving unicorn company
Existing investor NIO Capital and Pagoda Investment increased their investments. Strategic investors, including Tencent, government funds from Shanghai and Suzhou, China Merchants Group, and CCB International participated in this round. Earlier, Momenta announced the close of a $46 million round of B-1 funding led by NIO Capital, a B-2 round led by Cathay Capital, an A round led by Shunwei Capital, as well as angel investment from Blue Lake Capital, Sinovation Ventures and Zhen Fund. Since its inception, Momenta has attracted investment totaling more than $200 million. "This round of funding has strategic importance to the company," Momenta CEO Xudong Cao said, "Momenta will continue to work closely with its strategic partners in automotive, logistics, big data and other related areas." Founded in September 2016, Momenta is building intelligent systems for autonomous driving, aiming to provide solutions for Tier 1 suppliers and OEMs. Cao said, "In the past two years, Momenta has … [Read more...] about Momenta, China’s first autonomous driving unicorn company
Norwegian solar companies seek cooperation opportunity in Vietnam
The event is co-organized by Royal Norwegian Embassy and Power Engineering Consulting Joint Stock Company 1 (PECC1), under the Electricity of Vietnam (EVN) with the attendance of Norweiginan Ambassador designate, Ms Grete Lochen, Commercial Counsellor Mr Harald Naevdal, General Director of EVN PECC1 Mr Pham Nguyen Hung, representatives from the Ministry of Industry and Trade, and over 70 participants from the EVN and its subsidiaries, independent power plant owners, construction companies, private investors from Vietnam and Laos, suppliers and consultants and other stakeholders. At the seminar, an energy consultant of the World Bank presents an overview of Vietnam’s solar energy, highlighting the achievements of Vietnam’s solar energy sector as well as its development perspectives. As Norway is among the leading countries in research and development for solar energy, speakers from the Norwegian companies share with the Vietnamese counterparts and … [Read more...] about Norwegian solar companies seek cooperation opportunity in Vietnam
Local company to ship last batch of Fired Heaters to Uzbekistan
Lilama 69-1 JSC, a subsidiary of Vietnam Machinery Installation Corporation – JSC, will ship 700 tonnes of Fired Heaters to Uzbekistan in November. (Source: Lilama 69-1 JSC) Hanoi (VNA) – Lilama 69-1 JSC, a subsidiary of Vietnam Machinery Installation Corporation – JSC, will ship 700 tonnes of Fired Heaters to Uzbekistan in November. This is the last batch of a package of seven sets of Fired Heaters weighing 2,000 tonnes the company signed with Kirchner Italia S.p.A of Italy to export to Uzbekistan. The company delivered the first 1,400 tonnes of Fired Heaters to the country in August 2018 and the second batch with total weight of 657 tonnes on September 16. So far, many fabrication products of Lilama 69-1 such as air pre-heaters, steel structures, technology pipes, tanks and vessels have reached many foreign countries, including India, the Republic of Korea, Singapore, China, Indonesia, Chile and Morocco.-VNA … [Read more...] about Local company to ship last batch of Fired Heaters to Uzbekistan
Timber companies in Vietnam: seizing the opportunity
Timber companies in Vietnam: deliberate to make use of the opportunity Significant implications for the timber market Starting from mid-September 2018, the US decided to impose 10 per cent tariffs with the total cost of $189 billion on Chinese goods, including wood products. The tariff will be increased to 25 per cent on January 1, 2019 and possibly reach 44 per cent if the two countries do not resolve the trade war. According to To Xuan Phuc, senior policy analyst from Forest Trends (a non-profit organisation based in Washington, DC whose mission is to conserve forests and other ecosystems), the US-China trade war will definitely affect the Vietnamese wood processing industry. In its report on the Vietnam-China import and export turnover of wood and timber products, Forest Trends indicated that in the first half of 2018, Vietnam’s total sawn timber exports to China were only 88,800 cubic metres (cu.m), much lower than the 178,200cu.min the same period of 2017. Regarding sawn … [Read more...] about Timber companies in Vietnam: seizing the opportunity