DUSIT further bolsters its food business in Thailand as OR acquires a 25% stake in Dusit Foods
Dusit Thani Public Company Limited (DUSIT), one of Thailand’s leading hotel and property development companies, and PTT Oil and Retail Business Public Company Limited (OR) by Modulus Venture, a wholly owned subsidiary of OR, a leading oil and retail company, have inked an agreement for OR to acquire a 25% stake in DUSIT’s food business subsidiary, Dusit Foods, as part of a joint vision to deliver a new growth engine that contributes to Thailand’s economic rise by fostering development of the food industry. To achieve this, DUSIT aims to combine its strengths in upstream, midstream, and downstream food businesses with OR’s expertise in operating leading retail distribution channels – including almost 2,500 PTT Stations and over 4,000 Café Amazon outlets – to reach multiple lifestyle segments, help local food businesses expand domestically and internationally, and deliver sustainable value across the entire supply chain, both inside and outside of Thailand. The investment agreement was officially signed at a special ceremony held recently at Baan Dusit Thani in Bangkok, where Ms Suphajee Suthumpun, Group CEO, DUSIT; Ms La-ead Kovavisaruch, Chief Investment Officer, DUSIT; Ms Jiraphon Kawswat, President and CEO, OR; and Mr Somyot Kongprawet, Senior Executive Vice President, Lifestyle Business, OR, were all on hand to mark the occasion. “We are delighted and honoured to join hands with OR for this exciting, synergistic alliance that will leverage OR’s robust retail platform and retail expertise and our own extensive knowledge in upstream, midstream, and downstream food businesses to meet the needs of multiple lifestyle segments in Thailand and abroad,” said Ms Suthumpun. “At the same time, our companies both share the same clear vision to deliver a new growth engine that fosters growth of the food industry in Thailand and ultimately contributes to the country's economic development. This includes working together with OR to create a new food platform that gives local businesses opportunities for domestic and international expansion, including extending their growth and revenue-generating prospects by working with OR as well as other thriving non-oil retail entities that OR has invested in previously, namely Café Amazon and the Ohkajhu health food brand. This shared vision makes our alliance even more powerful.” Ms Suthumpun explained that, as part of its vision ‘to bring Asia to the world,’ Dusit Foods itself prioritises investing in food businesses that place importance on natural, organic, and good-for-health processes while also supporting local communities. “As part of our company’s three-pronged strategy for balance, expansion, and diversification, we have invested in food businesses that are not only related to our core hotel business, but which also have high growth potential and cover the total supply chain. We expect all these food businesses to flourish under our alliance with OR, plus further opportunities to expand domestically and internationally.” Dusit Foods' investment portfolio currently includes Epicure Catering Co., Ltd., a leading provider of food and beverage services to the international school industry with a market share of over 70% in Thailand; The Caterers Joint Stock Company Limited, or ‘The Caterers,’ a leader in school catering and off-site receptions in Vietnam; and KAUAI, a popular healthy fast-casual restaurant chain from South Africa, which Dusit Foods brought to the Thai market and plans to expand across Asia. Most recently, Dusit Foods concluded an agreement to acquire a 55% stake in Bonjour Bakery Asia Co., Ltd., which operates a state-of-the-art baking factory producing French-style pastry products in the Eastern Seaboard Industrial Estate, Rayong Province, and its associated bakery franchise business, comprising more than 50 branches across Thailand and one in China. Speaking on behalf of OR at the signing ceremony, Ms Kawswat said that OR’s past, present, and future are fully embodied in its new vision, ‘Empowering All Toward Inclusive Growth.’ This vision includes identifying opportunities for inclusive growth and focusing on collaborations that strengthen businesses and help them to fulfil their potential. Ms Kawswat added that OR’s ultimate goal is to reach inclusive growth and success in all dimensions amidst the uncertain global economic environment. “Our alliance with DUSIT through Dusit Foods will enhance the potential of OR's lifestyle business, especially the food segment, which will benefit the outlets owned by OR and those we have co-invested in,” said Ms Kawswat. “One of OR’s missions is to create an alternative food business model that facilitates convenience and comprehensively meets all the lifestyle preferences of multigenerational consumers. Following our focus on Outside-In growth, which includes seeking investment opportunities with partners in new markets, this new model will also allow us to flourish with other Thai brands, locally and internationally.” Ms Kawswat said that DUSIT’s business strategy aligns with OR’s goal for economic prosperity that aims to drive growth, offer career opportunities, and distribute wealth to partners and MSMEs by working directly with them. “In expanding its business internationally, Dusit Foods aims to introduce ‘Thainess’ to the global arena, bringing benefits to both upstream and downstream food supply chains, as well as local communities, and we see huge potential for growth in this area,” said Ms Kawswat. “OR is now ready for businesses of all types and sizes to enter the OR ecosystem, and we’re primed to transform into an Inclusive Growth Platform that combines business models and innovation to address problems faced by people, society, and the environment to have a positive, meaningful impact overall.”
The Stage is set for the Season Finale at the 2022 HANA BANK SEOUL E-PRIX
Season 8 of the ABB FIA Formula E World Championship will climax in South Korea this weekend with the 2022 Hana Bank Seoul E-Prix where the champion driver and team will be crowned and the world’s first all-electric motorsport series will mark 100 races. Eleven teams and 22 drivers have competed in Formula E’s biggest racing season to date with Rounds 15 and 16 to come this Saturday and Sunday and four drivers still in contention for the title at the top of the standings. It will be the first time Formula E has raced in South Korea with the E-Prix taking place on a unique track constructed around and even looping through the Jamsil Olympic Stadium, the first world championship sporting event held at the venue since the Olympic Games in 1988. Stoffel Vandoorne leads the way for Mercedes-EQ in a bid to make it back-to-back wins following their Drivers' and Teams' World Championship success last year in Season 7. The Belgian extended his lead to 36 points over nearest rival Mitch Evans (Jaguar TCS Racing) during the SABIC London E-Prix two weeks ago that saw his closest competitors falter. Consistency is critical in the ABB FIA Formula E World Championship. While Vandoorne has achieved only one win this season compared to three each for Evans and Edoardo Mortara (ROKiT Venturi Racing) in third place, Vandoorne has the most podium finishes and has scored on 13 occasions this season, taking the honour from Daniel Abt as the most consistent points finisher in a campaign. Vandoorne’s last four rounds have all yielded top four finishes and a pair of podiums: the gauntlet has been thrown by the Mercedes-EQ driver. In his fourth campaign, Vandoorne has been around the series long enough to know that securing his first World Championship title is far from a sure thing in Seoul, where race strategy will be affected by high humidity and record-breaking levels of rainfall this week that will demand outstanding planning and driving execution. Mitch Evans (Jaguar TCS Racing) had worked his way into closest contention of top spot but a crushing technical problem in London put a huge dent in his chances. The Kiwi was on track to pin Vandoorne back to a 22-point lead, some 14 fewer than his current advantage but an inverter problem at the end of Round 14 saw him out of fourth and into retirement despite front-running pace. But opportunity remains for Evans. He has dominated entire race weekends before, most notably in Rome this season, but the stakes are much higher this time around and Vandoorne only has to outdo the Jaguar driver in Round 15 for the battle to be over. In third and fourth respectively, Edoardo Mortara and DS TECHEETAH's Jean-Éric Vergne have it all to do. Mortara topped the standings at the halfway stage of the season after a run of two wins and two more podiums in Berlin and Jakarta. Since then, the Swiss has only managed two low-scoring points finishes in New York City and a pair of non-scores in London, but he remains just five points back from Evans. Similarly, Vergne has hit his worst-ever run in Formula E, with four consecutive blanks for the very first time in the championship. While it’s an uncharacteristic return from the Frenchman, JEV is the only driver in the top four to have won the World Championship – twice – and experience could still earn a place on the podium. - The Teams' battle Mercedes-EQ stretched its lead in London with silverware for both de Vries and Vandoorne. Back-to-back titles look to be on with a 36-point margin on ROKiT Venturi Racing in second, with DS TECHEETAH behind the Monegasque outfit by 11 points. - Landmarks await On Sunday, the second race of the 2022 Hana Bank Seoul E-Prix double-header will be Formula E’s 100th E-Prix. The race is also the end of the Gen2 era, the second version of Formula E race car. As such, the centenary E-Prix will appropriately mark three huge generational leaps in EV technology and industry-leading sustainability achievements ahead of the debut in Season 9 of the fastest, lightest, most powerful and efficient electric race car ever built – the Gen3. - The 1,000 club As the only driver set to line up on the grid this weekend and race in all 100 E-Prix, Lucas di Grassi (ROKiT Venturi Racing) is also chasing a landmark 1,000 points. The Brazilian has been an intrinsic part of Formula E from day zero and is set to become the only driver to have entered every E-Prix to-date following Sam Bird’s (Jaguar TCS Racing) unfortunate withdrawal through injury as the only other ever-present driver to date. Topping off his Season 8 with 1,000 points, following a maiden win for ROKiT Venturi in London which saw him reach 996 in his Formula E career so far, it would be some way to celebrate. Lucas has eyes on that prize but the goal for Seoul is to go out and seal championship silverware for Venturi. "I'm very proud of to be able to be competitive for eight years now, in a championship which is super competitive," said di Grassi. "The level of the teams that drive versus us is just insanely good. But we go to Seoul with our main target being the Teams' World Championship, for ROKiT Venturi Racing to be number one. "The task is hard, but it's mathematically feasible. So until it's unfeasible, we're going to work very hard. We know how things are in Formula E, everything can happen. So we're going to be on top of it and try to get this World Championship title for the team." - An all-new challenge The newest circuit on the Formula E calendar is at Seoul's Olympic Park. The lap starts with a tight, technical run before entering the Jamsil Olympic stadium where the 22 racers will put on a show for thousands of fans in the stadium seats. As they leave the stadium a batch of sweeping turns leading to long straights connected by 90-degree turns follows as the circuit wraps around the Olympic park and the drivers jostle for position around this fast 2.6km, 22-turn circuit. Seoul also brings more high temperatures for the teams to manage. EV battery systems and powertrains are at their most efficient and performant inside a specific temperature window. Managing raw, outright pace with efficiency and high ambient temperatures will be a weekend-long battle for drivers and engineers. There will be plenty of thinking and thousands of kilometres worth of simulator data put into play to ensure ATTACK MODEs, FANBOOST and race strategy are on-point by the first race on Saturday. It will all be hypothetical for the engineers until they can get out on track in Free Practice to corroborate the maths and sim work they have put in since London. In addition, the new track surface will evolve rapidly. What might be true on Saturday morning might be completely different by the afternoon, and certainly by Sunday. Add to that the complications from expected downpours and high humidity. Whoever triumphs in Seoul will have more than earned their silverware in the most dramatic ABB FIA Formula E World Championship season to date. Don't miss a minute of Season 8. Keep track of the best ways to tune in where you are at fiaformulae.com/watch
Presenting the Official Poster for the 27th Busan International Film Festival
The 27th Busan International Film Festival (BIFF), which will be held from Oct 5 (Wed) to Oct 14 (Fri), has unveiled its official film festival and market posters. - "BIFF, Again" Back in Full Swing After Three Years The recently unveiled official poster for the 27th Busan International Film Festival (BIFF), portraying a figure staring at the ocean under a clear sky, is generating much anticipation. Signifying the reunion between the audience and BIFF, also known as the ocean of cinema, this image vividly portrays the excitement of the festival, which is being normalized after three years of pandemic. The individual gazing at the logo of the Busan International Film Festival symbolizes not only the audience, but all movie lovers, including festival guests and industry officials, and adds special meaning to the poster. This year’s BIFF will amuse the audience and revitalize the film industry by reopening various sections and supporting projects that were put on hold due to COVID-19, such as Midnight Passion, the Asian Cinema Fund, Platform BUSAN, Forum BIFF, and the Asian Film Academy, which has recently returned with a CHANEL X BIFF collaboration. In line with the message of the poster, the festival is expected to bring back a vibrant energy and connection to both the audience and filmmakers. Furthermore, BIFF will strictly comply with safety guidelines, as the spread of COVID-19 is still ongoing. At the same time, the festival will put forth its best efforts to normalize the festival so that it can be enjoyed by the attendees in a safe manner. The 17th Asian Contents & Film Market (ACFM) poster has also been released to the public as well. ACFM 2022, which will be hosted on-site in full capacity for the first time in three years, will introduce Busan Story Market, the world's first IP sales market, which has garnered significant interest from domestic and foreign content officials. The official poster of the 27th BIFF was designed by Choi Soon-dae, president of the Busan Ensemble of Contemporary Visual Design, and the art director of the Busan International Film Festival since its second edition. The 27th Busan International Film Festival, which is already attracting much attention after unveiling this year’s official posters, will be held for ten days from Oct 5 (Wed) to Oct 14 (Fri) at the Busan Cinema Center. ■ The 27th Busan International Film Festival : Oct 5 (Wed) – Oct 14 (Fri) ■ The 17th Asian Contents & Film Market : Oct 8 (Sat) – Oct 11 (Tue)
As Official Logistics Partner, DHL helps the ABB FIA Formula E World Championship with tailored, multi-modal transport solutions
As the Official Founding and Logistics Partner for Formula E, DHL provides end-to-end logistics solutions for the first all-electric motorsport world championship in South Korea. Leveraging its expertise in multi-modal freight solutions, DHL delivered race cars, batteries and charging units, as well as media and broadcasting equipment to Seoul. It also provided value-added services, such as customs clearance, cargo handling at the port, local delivery, along with equipment such as a 100-ton crane, forklifts, and pallet jacks. ▲ Byung Koo Han, Country Manager of DHL Express Korea Byung Koo Han, Country Manager of DHL Express Korea added, “I am thrilled to see DHL and Formula E sharing the same vision of promoting a sustainable future and development around e-mobility through the Seoul E-Prix. While sustainability is becoming increasingly important in the logistics sector, we will continue to pave the way in green logistics as the leading express company in South Korea by continuously practicing decarbonization initiatives for the company's sustainable growth.” ▲ Seok Pyo Song, Managing Director of DHL Global Forwarding Korea Seok Pyo Song, Managing Director of DHL Global Forwarding Korea said, “From origin to destination, DHL Global Forwarding worked as a team for successful delivery. Supporting DHL Motor Sports Team, the dedicated global experts, our local team from Air Freight, Ocean Freight and Value-Added Service worked together to meet the tight schedule. They responded promptly to any challenges and complied with the local regulations. We are very excited to be part of this historic moment for DHL and Formula E in Korea.” ▲ Matt Scammell - Chief Commercial Officer (CCO) of Formula E FIA Formula E is the world’s first fully-electric car racing series inaugurated in 2014 to promote sustainability for future e-mobility against noise pollution and greenhouse gas emissions. Season 8 in 2022 will see its first Formula E championship in Seoul where the Season Finale of Round 15 and 16 will take place on August 13 and 14, respectively and the final winner will be unveiled. As part of the partnership, DHL has exclusive rights to the DHL & Formula E Together Green Award, unearthing sustainability heroes across the globe. A local hero has been recognized at each ABB Formula E race location in Season 8, while accepting global nominations from individuals and organizations throughout the season for the inaugural award. Three global finalists, Laurah John (Saint Lucia), Joshua Aquinde (Hawaii) and Monica (Argentina) will know if they are the winners at the end-of-season gala dinner on August 14. DHL aims to honor everyday sustainability heroes as global brand and sustainability ambassadors to recognize their ability to shift attitudes through awareness, and call attention to the power of positive action, however small, in building a more sustainable future. DHL Express Korea will also be sharing information about its net-zero emission goals and the Formula E logistics process at the E-Village. Visitors to the DHL booth can learn more about logistics and sustainability as well as participate in fun activities such as the GoGreen message board, self-generated cotton candy maker, Box Stacker PRO VR Games and many others. In South Korea, DHL Express started using electric cars years ago and added 45 new electric vans in 2021. DHL Express Korea is deploying an additional 56 electric vans throughout 2022, with the 100th electric delivery vehicle in its fleet coming this September. With its 2022 deployment, DHL Express Korea will replace 21% of its fleet with electric vehicles by the end of 2022. It plans to fully replace its fuel-powered vehicles with electric vehicles by 2030. This will cut approximately 1.4 million kg of carbon emissions annually. DHL Express Korea is also incorporating a range of green features such as solar panels and energy-efficient LED lighting systems across all of its new facilities. For instance, it has implemented 1MW solar energy generating panels for its Incheon Gateway expansion. The Incheon Gateway is currently under the final stage of construction, and the solar panels will generate enough energy to cover around 30% of electricity consumed at the Gateway, helping to save approximately 650 tons of greenhouse gas emissions annually. In line with the company’s sustainability strategy to achieve net-zero emissions by 2050, DHL is committed to sustainable logistics solutions that will decarbonize the entire logistics sector. As part of Deutsche Post DHL group’s mid-term sustainability roadmap, the Group will be investing 7 billion euros in clean operations and climate-neutral logistics through to 2030, which includes electrifying 60% of its last-mile delivery fleet by introducing 80,000 e-vehicles worldwide, using alternative aviation fuels, and expanding climate-neutral buildings.
Media of the Future: Reliable media allow the society to distinguish truth from untruth
"The aim of disinformation campaigns is not necessarily to change the views or attitudes of their audiences, but to create a kind of chaos that prevents them from accessing verified data", said Alexandru Giboi, Secretary General of the European Association of Press Agencies (EANA). "I would compare the situation to a murky water reservoir, in which it is difficult to determine the right directions and to establish a landmark. The role of press agencies is to constantly clear this stream of information flowing to us every day," said Giboi. The expert was a special guest at the Media of the Future international conference organised by the Polish Press Agency. The Association of European Press Agencies (EANA) brings together 30 national news agencies from 30 countries of the continent. The main objective of the organisation is to work towards creating a favorable economic and legal environment for the operation of press agencies, among others, in terms of copyright and access to information sources. Source: PAP MediaRoom
Media of the Future: The fight against disinformation is purifying murky water
Media of the Future is a conference that covered the most important topics of recent months - from combating disinformation, through changes in the media market, to the future of mass media in the face of war conflicts and technological transformation. Special guests of the fourth edition of the Conference were the heads of European Press Agencies. How to react to the growing Russian propaganda? How aware are European societies of online threats? How to reinforce safe behaviors in the virtual world and deal with the flood of fake news? These questions, among others, were answered by the heads of European Press Agencies: Clemens Pig, President of EANA (European Alliance of News Agencies which brings together news agencies from all over the continent) and President of the Austrian Press Agency (APA); Fabrice Fries, President of the French Press Agency (AFP); Nataliia Kostina, Editor-in-Chief of the Foreign Department of the National News Agency of Ukraine (Ukrinform); Alexandru Giboi, Secretary General of the European Association of Press Agencies (EANA); Branka-Gabriela Vojvodić, President of the Croatian Press Agency (HINA); Kiril Valchev, General Director of the Bulgarian Press Agency (BTA); and Wojciech Surmacz, President of the Polish Press Agency (PAP). The debate "War in the Media" was chaired by Wojciech Surmacz, President of PAP. During the discussion, it was pointed out that in order to to talk about the hybrid war, you need to go back to the onset of the pandemic. It was then that many social media accounts were created, whose aim was to disinform and spread the untruth. "After February 24, these accounts began to spread disinformation about the war. These cold-blooded actions have been going on for years. It takes many educational campaigns, such as #FakeHunter, to properly assess disinformation. It is also worth cultivating good practices in online behavior amongst the youngest”, argued Justyna Orłowska, Plenipotentiary of the Prime Minister for GovTech, Plenipotentiary of the Minister of Education and Science for Digital Transformation. Nataliia Kostina, Editor-in-Chief of the Foreign Department of the National News Agency of Ukraine (Ukrinform), noted that the media are on the front line and play a huge role in the fight against Russian aggression. "We appreciate the understanding of our problems. No one in Europe is taking Russian propaganda seriously", said Nataliia Kostina. Alexandru Giboi, Secretary General of the European Association of Press Agencies (EANA), highlighted the important role of news agencies. "It is important to fight against disinformation and to show true, verified information, that is, to purify murky water", argued Alexandru Giboi. In turn, Branka-Gabriela Vojvodić, President of the Croatian Press Agency (HINA), reminded that war changes the world and it changes us. Therefore, educational activities are important, which allows us to remain vigilant, and to distinguish the truth from the untruth. We must wage a war on propaganda, which must take some time to combat. "Fake news is free, verified information costs. It is necessary to learn to capture from the ocean of news proven and reliable information”, pointed out Kiril Valchev, General Director of the Bulgarian Press Agency (BTA). In accordance with the title of the Conference, Media of the Future, the debates and presentations also discussed the use of new technologies in the media industry, i.e. artificial intelligence in journalism. Products and solutions were presented by the Athens Technology Center (ATC), JP/Politikens Hus and CISION/PRNewswire. There was also a presentation of the results of a study conducted jointly by the Polish Press Agency and PBI on how Poles use information on the web and in electronic media. "The uniqueness of the study was that we studied cross media, that is users of information on the internet, on television and on the radio. In this way, we could study the entire population of people who listen, watch or read news in Poland", explained Łukasz Świerżewski, member of the Board of PAP. The results showed that about 54% of Poles are regularly exposed to news. "The recipient of news is a mature person, city resident, pensioner, manager or business owner. The most widely reaching medium in the Polish society is the radio. The Poles spend the most time watching television, while the internet is the most accurate medium, as here we can decide for ourselves what we are interested in and what we are looking for", explained Marcin Niemczyk, Advisor to the Board of PBI. The invited guests, including representatives of the media, publishers and technology companies, also discussed the law implementing the Copyright Directive and the related laws, as well as the importance of this document for the media industry, the creative industry and the so-called Big Tech. Poland, like other EU countries, is obliged to implement the Digital Directive, which means negotiations between content providers such as publishers and media, and intermediaries such as digital platforms like Google or Facebook. It was pointed out that currently only intermediaries make money from the distribution of content produced by publishers on the internet, and publishers do not have any financial benefits from this. "The Directive obliges social media content aggregators to obtain licences for published content. Simply put, journalists will be the beneficiaries of the information distributed by Big Tech”, explained Paweł Nowacki, an independent media and e-commerce market consultant. "This is an important project that will strengthen the editorial offices of the local media, and will build their strength", argued Paweł Laskowski, President of the Board of PBI. "Unfortunately, the law lacks a negotiation mechanism between the parties. Without this, you cannot expect that money will flow to local publishers. Italy, Belgium and the Czech Republic have adopted such mechanisms, and it is also possible in Poland", pointed out Damian Flisak, Head of Public Affairs of Ringier Axel Springer Polska. "Media of the Future deals with the most important issues in the media ecosystem, but at the same time we want to set new trends. This year's fourth edition could not have been dominated by a theme other than the war in Ukraine", summed up Łukasz Świerżewski, member of the Board of PAP. Source: PAP MediaRoom
Media of the Future: The free world must understand that Russian propaganda threatens its existence
A special guest of the Media of the Future conference organized by the Polish Press Agency was Nataliia Kostina, Editor-in-Chief of the Foreign Department of the National News Agency of Ukraine - Ukrinform. From the perspective of not only a professional journalist, but also a person directly affected by the Russian aggression, she pointed to the multidimensionality of the war, also taking place in the information domain. "While in the countries located in the vicinity of Ukraine - in Poland or in the Czech Republic, there is full awareness of the threat from the Kremlin, in some Western European countries the situation is not so optimistic. In order to effectively combat the wave of Russian disinformation, the media around the world should first of all clearly tell themselves and their audiences that Russia is the aggressor threatening our common values", said Nataliia Kostina. The fourth edition of the Media of the Future conference was attended by representatives of mass media, technology companies and publishers from Poland and abroad. Special guests of the event were the heads of leading European news agencies. Source: PAP MediaRoom
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Global Biochar Market Report 2022-2028: Availability of Cheap Feedstock, and Reliable Energy Flow Driving Sector Growth - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Global Biochar Market 2022-2028" report has been added to ResearchAndMarkets.com's offering. MARKET OUTLOOK The publisher's report states that the global biochar market is anticipated to witness growth at a CAGR of 13.40% in value and 10.34% in volume over the forecasted period 2022-2028. Factors such as favorable initiatives, availability of cheap feedstock, and reliable energy flow are driving the growth of the biochar market. Additionally, the ability of biochar to sequester carbon is among the major factors supporting the studied market's growth. However, high cost, lack of demonstration projects, and contamination of biochar are impeding the overall development of the biochar market globally. REGIONAL OUTLOOK The global biochar market covers North America, Asia-Pacific, Latin America, Europe, Middle East and Africa regions. The Middle East and Africa is estimated to emerge as the fastest-growing region in the biochar market. Biochar is gaining significant traction in Turkey due to its wide application area. Several rural people face financial issues as their livelihood primarily depends on agriculture. Hence, to overcome this issue, agricultural productivity must be increased, leading to the development of biochar from agricultural residues. Therefore, the use of biochar to improve crop yields is expected to drive the biochar market's growth in the region over the forecast period. Key Topics Covered: 1. GLOBAL BIOCHAR MARKET - SUMMARY 2. INDUSTRY OUTLOOK 2.1. Impact of Covid-19 on Biochar Market 2.2. Key Insights 2.2.1. Pyrolysis is the Most Common Technique for Biochar Production 2.2.2. Agriculture Dominates the Application Segment 2.2.3. Growing Need to Avoid Biochar Loss During Application and Transportation 2.3. Porter's Five Forces Analysis 2.3.1. Threat of New Entrants 2.3.2. Threat of Substitutes 2.3.3. Bargaining Power of Buyers 2.3.4. Bargaining Power of Suppliers 2.3.5. Threat of Competitive Rivalry 2.4. Key Impact Analysis 2.5. Market Attractiveness Index 2.6. Vendor Scorecard 2.7. Industry Components 2.8. Regulatory Framework 2.9. Key Market Strategies 2.9.1. Product Launches & Developments 2.9.2. Partnerships & Agreements 2.10. Market Drivers 2.10.1. Favorable Initiatives 2.10.2. Availability of Cheap Feedstock 2.10.3. Ability of Biochar to Sequester Carbon 2.10.4. Reliable and Constant Energy Flow 2.11. Market Challenges 2.11.1. High Cost 2.11.2. Lack of Demonstration Projects 2.11.3. Contamination of Biochar and Its Feedstock 2.12. Market Opportunities 2.12.1. Opportunities for Biochar Market in the Future 2.12.2. Growth in the Organic Farming Industry 3. GLOBAL BIOCHAR MARKET - BY TECHNOLOGY (VALUE IN $ MILLION) 3.1. Slow Pyrolysis 3.2. Fast Pyrolysis 3.3. Gasification 3.4. Intermediate Pyrolysis 3.5. Hydrothermal Carbonization 3.6. Microwave Pyrolysis 4. GLOBAL BIOCHAR MARKET - BY FEEDSTOCK (VALUE IN $ MILLION) 4.1. Forestry Waste 4.2. Agriculture Waste 4.3. Biomass Plantation 4.4. Residential Waste 4.5. Animal Manure 5. GLOBAL BIOCHAR MARKET - BY APPLICATION (VALUE IN $ MILLION) 5.1. Agriculture and Livestock 5.2. Air, Soil, and Water Treatment 5.3. Horticulture 5.4. Industries 6. GLOBAL BIOCHAR MARKET - REGIONAL OUTLOOK (VALUE IN $ MILLION & VOLUME IN KILOTON) 7. COMPETITIVE LANDSCAPE 8. RESEARCH METHODOLOGY & SCOPE Companies Mentioned Air Terra Airex Energy Anulekh Agrotech Pvt Ltd Arsta Eco Biochar Industries Bioenergy Earth Systems Carbofex Carbon Gold Carbons Finland Oy Farm2Energy Novo Carbo Pacific Biochar Pyreg GmbH Pyrotech Energy Renewable Carbon Resources Australia For more information about this report visit https://www.researchandmarkets.com/r/ifm262 Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager email@example.com For E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
Blackline Announces Increase to Private Placement
NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES CALGARY, Canada--(BUSINESS WIRE)--$BLN #connectedsafety--Blackline Safety Corp. ("Blackline" or the "Company") (TSX: BLN) a global leader in connected safety, is pleased to announce that the size of its previously announced non-brokered private placement financing (the "Concurrent Private Placement") has been increased from $12 million of common shares of the Company (the "Common Shares") at an issue price of $2.20 per Common Share to $13 million of Common Shares at an issue price of $2.20 per Common Share. The Concurrent Private Placement is expected to be completed concurrently with the Corporation's previously announced bought deal financing (the “Offering”) with a syndicate of underwriters (the “Underwriters”) led by PI Financial Corp. for 3,640,000 Common Shares at a price of $2.20 per Common Share for gross proceeds to the Company of approximately $8 million. In connection with the Offering, the Company has granted the Underwriters an over-allotment option exercisable at any time up to 30 days following the closing of the Offering, to purchase up to an additional 15% Common Shares at a price per Common Share equal to the Offering Price. The terms of the Offering remain unchanged. The closing of the Offering and Concurrent Private Placement is now scheduled to occur on or about August 31, 2022, and is subject to certain conditions including, but not limited to, the receipt of all necessary approvals including the approval of the Toronto Stock Exchange and the securities regulatory authorities, and the satisfaction of other customary closing conditions. Each of DAK Capital Inc. ("DAK"), Cody Slater, the Chief Executive Officer and Chairman of the Company and Brad Gilewich, a director of the Company intend to purchase Common Shares personally or through entities they own and control, pursuant to the Concurrent Private Placement (the "Placement Common Shares"). In respect of the Concurrent Private Placement, each of DAK, Mr. Slater and Mr. Gilewich are currently "related parties" of the Company in accordance with Multilateral Instrument 61-101- Protection of Minority Security Holders in Special Transactions ("MI 61-101"). As such, the acquisition of Placement Common Shares by such persons in connection with the Concurrent Private Placement will be considered a "related party transaction" pursuant to MI 61-101. Pursuant to MI 61-101, absent an available exemption, the Company may be required to obtain minority approval and a formal valuation for the issuance of Placement Common Shares to such persons in connection with the Concurrent Private Placement. Such an exemption is expected to be available for the issuance of Placement Common Shares pursuant to Sections 5.5(a) and 5.7(a) of MI 61-101, respectively, because neither the fair market value of the subject matter of, nor the fair market value consideration for the transaction insofar as it involves such related parties, exceeds 25% of the Company's market capitalization. About Blackline Safety: Blackline Safety is a technology leader driving innovation in the industrial workforce through IoT. With connected safety devices and predictive analytics, Blackline enables companies to drive towards zero safety incidents and improved operational performance. Blackline provides wearable devices, personal and area gas monitoring, cloud-connected software and data analytics to meet demanding safety challenges and enhance overall productivity for organizations with coverage in more than 100 countries. Armed with cellular and satellite connectivity, Blackline provides a lifeline to tens of thousands of people, having reported over 185 billion data-points and initiated over five million emergency responses. For more information, visit BlacklineSafety.com and connect with us on Facebook, Twitter, LinkedIn and Instagram. Note Regarding Forward-Looking Statements This press release contains certain forward–looking information and statements within the meaning of applicable securities laws. The use of any of the words "expect", "anticipate", "continue", "estimate", "may", "will", "project", "should", "believe", "plans", "intends" and similar expressions are intended to identify forward-looking information or statements. In particular, but without limiting the forgoing, this press release contains statements concerning the closing date of the Offering and Concurrent Private Placement and expected exemptions for the Concurrent Private Placement under MI 61-101. Although Blackline believes that the expectations reflected in these forward-looking statements are reasonable, undue reliance should not be placed on them because Blackline can give no assurance that they will prove to be correct. Since forward looking statements address future events and conditions, by their very nature they involve inherent risks and uncertainties. The closing date for the Offering and the Concurrent Private Placement may be changed and the noted exemptions under MI 61-101 stated herein may not be available to the Company. The forward looking statements contained in this press release are made as of the date hereof and Blackline undertakes no obligations to update publicly or revise any forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. This press release shall not constitute an offer to sell or a solicitation of an offer to buy the securities in any jurisdiction. The common shares of Blackline will not be and have not been registered under the United States Securities Act of 1933, as amended, and may not be offered or sold in the United States, or to a U.S. person, absent registration or applicable exemption therefrom. Contacts INVESTOR/ANALYSTCody Slater, CEO firstname.lastname@example.orgTelephone: +1 403 451 0327 MEDIAShane Grennan, CFO email@example.comTelephone: +1 403 451-0327
Global Thermal Spray Coating Market (2022 to 2027) - Industry Trends, Share, Size, Growth, Opportunity and Forecasts - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--The "Thermal Spray Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027" report has been added to ResearchAndMarkets.com's offering. The global thermal spray coating market reached a value of US$ 8.4 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 12.6 Billion by 2027, exhibiting a CAGR of 6.99% during 2021-2027. Companies Mentioned Air Products and Chemicals Inc. American Roller Company LLC Durum Verschleiss-schutz GmbH Lincotek Rubbiano S.p.A Metallizing Equipment Co. Pvt. Ltd. Montreal Carbide Co. Ltd. Powder Alloy Corporation Praxair Surface Technologies Inc. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor. Thermal spray coating refers to the process of coating surfaces by melting powder substrates into droplets and spraying them at high velocities. Some of the commonly used coatings include zirconium oxide, aluminum bronze, and cobalt-molybdenum. They are sprayed on materials, such as stainless steel, nickel alloys, copper, bronze, molybdenum, ceramics and tungsten carbides. The coatings form stable bonds with the surfaces and prevent them from degradation, wear and tear, abrasion, friction and corrosion. They also provide electrical conductivity, lubricity, chemical resistances and desirable surface properties. As a result, thermal spray coating finds extensive applications across various industries, such as aerospace, automotive, healthcare, energy and food and beverage. Significant growth in the chemical industry, along with the increasing demand for high-performance industrial-grade coatings, is one of the key factors creating a positive outlook for the market. These coatings are widely used on the surfaces of pumps, valves, machinery, turbine blades and other industrial equipment to enhance their operational efficiency, quality and reliability. In the automotive industry, the coatings are used on cylinder rings, piston rings, crankshafts, brake discs, exhaust pipes and shifters for high-performance and improved fuel efficiency. Moreover, shifting consumer preference from chrome plating towards thermal spray coatings is providing a thrust to the market growth. With rising environmental consciousness, consumers are widely utilizing thermal spray coatings that have a higher fatigue resistance and generate minimal residue upon processing. Additionally, the development of flame-based and reactive spray deposition technologies for low-temperature solid oxide fuel cell, plasma and laser deposition coatings, are contributing to the growth of the market. Other factors, including the rising expenditure capacities of the consumers, along with extensive research and development (R&D) activities, are anticipated to drive the market toward growth. Key Questions Answered in This Report: How has the global thermal spray coating market performed so far and how will it perform in the coming years? What has been the impact of COVID-19 on the global thermal spray coating market? What are the key regional markets? What is the breakup of the market based on the product? What is the breakup of the market based on the technology? What is the breakup of the market based on the application? What are the various stages in the value chain of the industry? What are the key driving factors and challenges in the industry? What is the structure of the global thermal spray coating market and who are the key players? What is the degree of competition in the industry? Key Topics Covered: 1 Preface 2 Scope and Methodology 3 Executive Summary 4 Introduction 4.1 Overview 4.2 Key Industry Trends 5 Global Thermal Spray Coating Market 5.1 Market Overview 5.2 Market Performance 5.3 Impact of COVID-19 5.4 Market Forecast 6 Market Breakup by Product 7 Market Breakup by Technology 8 Market Breakup by Application 9 Market Breakup by Region 10 SWOT Analysis 11 Value Chain Analysis 12 Porters Five Forces Analysis 13 Price Analysis 14 Competitive Landscape 14.1 Market Structure 14.2 Key Players 14.3 Profiles of Key Players For more information about this report visit https://www.researchandmarkets.com/r/53g8va Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager firstname.lastname@example.orgFor E.S.T Office Hours Call 1-917-300-0470 For U.S./CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900
NIHR and Sanofi Announce First Patient Enrolled in Large European Clinical Study to Investigate Protection Against RSV, the Leading Cause of Infant Ho
READING, England--(BUSINESS WIRE)--Sanofi (EURONEXT: SAN and NASDAQ: SNY) and the National Institute for Health and Care Research (NIHR) have today announced that the first patient has been enrolled in the Hospitalised RSV Monoclonal Antibody Prevention (HARMONIE) study. The large European interventional clinical study is investigating protection against Respiratory syncytial virus (RSV) in infants. HARMONIE is an open label trial that will evaluate the use of nirsevimab, a passive immunisation, in a broad population. RSV is the leading cause of hospitalisation in all infants worldwidei and affects 90% of children before the age of two.ii The study has been developed as a collaboration between NIHR, investigators, Sanofi and its clinical research organisation partner, Labcorp. More than 20,000 infants across 3 countries (United Kingdom, France, Germany) will be enrolled from August 2022 to March 2023, of which the majority (up to 12,000) will be UK infants. The first patient visit took place at Cripps Health Centre at the University of Nottingham, United Kingdom on August 8, 2022. The study will take place across approximately 280 sites, of which around 110 are in the UK. HARMONIE is Sanofi’s first hybrid digital study, and requires only one patient visit. Dr Simon Royal Primary Investigator, Honorary Assistant Professor at the University of Nottingham Medical School and GP at the University of Nottingham Health Service, said: “The HARMONIE study will expand our understanding of how well a one-off injection protects babies from RSV. RSV is a major cause of death and illness in children across the world and it is the most common reason for admission to hospital in children aged under one year in the UK. Nearly 80% of the children admitted to hospital with RSV are previously healthy and at certain times of the year, children’s wards are full of babies with disease caused by this virus.” Professor Andrew Ustianowski, National Specialty Lead for Infection at NIHR Clinical Research Network, said: “This study, supported by the National Institute for Health and Care Research across over 100 sites, provides the UK with the opportunity to lead the way in a disease which impacts infants globally. “By carrying out this widespread study, we can help discover how babies can be protected from such a common, yet potentially debilitating virus.” Dr Bogdana Coudsy Global Head of Medical for Vaccines at Sanofi, said: “Given RSV is a leading cause of hospitalisation in all infants, we are excited to start this research that put the needs of participants, carers, and investigators at the heart of its development. This is an innovative study in design and execution, a model for the future, thanks to a hybrid digital design and close collaborative work.” RSV places a significant burden on families and health services Globally, in 2015, there were approximately 30 million cases of acute lower respiratory infections. This led to more than 3 million hospitalisations, and it was estimated that there were 60,000 in-hospital deaths of children younger than 5 years.iii-iv In recent months, there has been a resurgence of RSV following the easing of COVID-19 public health measures.v-vi A peer-reviewed RAND and University of Cambridge report on the burden of RSV estimated that RSV costs the UK £80 million in healthcare costs and productivity losses each year.vii In 2017, RSV-related direct medical costs—including hospital, outpatient and follow-up care—were estimated at €4.82 billion globally.viii A survey of 1,500 UK parents commissioned by Sanofi in 2021 revealed that 83% of parents said infant respiratory infections impacted their mental health, with 4 in 10 (41%) experiencing significant emotional distress.ix Nirsevimab is being developed by Sanofi and AstraZeneca. More information about the trial can be found at http://rsvharmoniestudy.com ENDS About HARMONIE Hospitalised RSV Monoclonal Antibody Prevention (HARMONIE) is a phase 3b randomised open-label study of nirsevimab in preventing hospitalisations due to respiratory syncytial virus (RSV) in infants under 12 months. This study will include newborn babies to babies 12 months old who are in, or are approaching, their first RSV season. It will last approximately 12 months. HARMONIE is an open label interventional study which builds on successful results in phase 2b/3 trials of nirsevimab across all infants.x Regulatory submissions for nirsevimab are already underway. HARMONIE has been designed and developed as a result of close collaboration between Sanofi, investigators and Labcorp, with the purpose of minimising burden on participants, caregivers and parents and as such is based around a single in person visit with entirely virtual follow up. For more information visit http://rsvharmoniestudy.com. About Nirsevimab Nirsevimab is an investigational long-acting antibody aiming to protect all infants from birth entering their first RSV season with a single dose.x,xi,xii Nirsevimab is an immunisation designed to provide direct RSV protection to all infants via an antibody to help prevent LRTI caused by RSV. In March 2017, Sanofi and AstraZeneca announced an agreement to develop and commercialise nirsevimab. Under the terms of the agreement, AstraZeneca leads all development and manufacturing activities and Sanofi will lead commercialisation activities and record revenues. Under the terms of the global agreement, Sanofi made an upfront payment of €120m, has paid a development milestone of €30m and will pay up to a further €465m upon achievement of certain development and sales-related milestones. The two companies share all costs and profits. Revenue from the agreement is reported as Collaboration Revenue in the Company’s financial statements. Nirsevimab has been granted regulatory designations to facilitate expedited development by several regulatory agencies around the world. These include Breakthrough Therapy Designation by The China Center for Drug Evaluation under the National Medical Products Administration; Breakthrough Therapy Designation from the US Food and Drug Administration; access granted to the European Medicines Agency (EMA) PRIority MEdicines scheme; Promising Innovative Medicine designation by the UK Medicines and Healthcare products Regulatory Agency; and named “a medicine for prioritised development” under the Project for Drug Selection to Promote New Drug Development in Pediatrics by the Japan Agency for Medical Research and Development (AMED). Nirsevimab has seen successful results in phase 2b/3 trials across all infants.x The safety and efficacy of nirsevimab is currently being evaluated under an accelerated assessment procedure by the EMA. Nirsevimab has not been approved by any regulatory authority. About NIHR The mission of the National Institute for Health and Care Research (NIHR) is to improve the health and wealth of the nation through research. We do this by: - Funding high quality, timely research that benefits the NHS, public health and social care; - Investing in world-class expertise, facilities and a skilled delivery workforce to translate discoveries into improved treatments and services; - Partnering with patients, service users, carers and communities, improving the relevance, quality and impact of our research; - Attracting, training and supporting the best researchers to tackle complex health and social care challenges; - Collaborating with other public funders, charities and industry to help shape a cohesive and globally competitive research system; - Funding applied global health research and training to meet the needs of the poorest people in low and middle income countries. NIHR is funded by the Department of Health and Social Care. Its work in low and middle income countries is principally funded through UK Aid from the UK government. About Sanofi We are an innovative global healthcare company, driven by one purpose: we chase the miracles of science to improve people’s lives. Our team, across some 100 countries, is dedicated to transforming the practice of medicine by working to turn the impossible into the possible. We provide potentially life-changing treatment options and potentially life-saving vaccine protection to millions of people globally, while putting sustainability and social responsibility at the center of our ambitions. Sanofi is listed on EURONEXT: SAN and NASDAQ: SNY References i Verway,C, and Nunes, MC. RSV lower respiratory tract infection and lung health in the first 2 years of life. The Lancet Global Health. 2020; 8(10): E1247-E1248 ii Wennergren, G and Kristjånsson, S. Relationship between respiratory syncytial virus bronchiolitis and future obstructive airway diseases. Eur Respir J. 2001; 18:1044–1058 DOI: 10.1183/09031936.01.00254101 iii Shi T, et al. Global, regional, and national disease burden estimates of acute lower respiratory infections due to respiratory syncytial virus in young children in 2015: a systematic review and modelling study. Lancet 2017;390:946–58. iv Oxford Vaccines Group. What is RSV? https://vk.ovg.ox.ac.uk/vk/rsv. Accessed August 2022. v Ujiie M, Tsuzuki S, Nakamoto T, et al. Resurgence of Respiratory Syncytial Virus Infections during COVID-19 Pandemic, Tokyo, Japan. Emerging Infectious Diseases. 2021;27(11):2969-2970. doi:10.3201/eid2711.211565 vi CDC Health Alert Network. Increased Interseasonal Respiratory Syncytial Virus (RSV) Activity in Parts of the Southern United States. Centers for Disease Control and Prevention. June 10 2021. https://emergency.cdc.gov/han/2021/han00443.asp Accessed May 2022 vii Fusco F, et al. The impact of respiratory syncytial virus on the NHS, society and economy in the UK. RAND, May 2022. This research was commissioned and fully funded by a sponsorship agreement with Sanofi. RAND Europe and the University of Cambridge had full editorial control of and independence in the analyses performed and presented in this report, which has been peer-reviewed in accordance with RAND’s quality assurance standards. This work is intended to inform the public good and should not be taken as a commercial endorsement of any product or service. https://www.rand.org/randeurope/research/projects/impact-of-respiratory-syncytial-virus.html Accessed August 2022. viii Zhang S, et al. Cost of Respiratory Syncytial Virus-Associated Acute Lower Respiratory Infection Management in Young Children at the Regional and Global Level: A Systematic Review and Meta-Analysis. J Infect Dis. 2020;222(Suppl 7):S680-687 ix Adelphi Research Survey Commissioned by Sanofi, July 2021. Sanofi Data on File. x Clinicaltrials.gov. A Study to Evaluate the Safety and Efficacy of MEDI8897 for the Prevention of Medically Attended RSV LRTI in Healthy Late Preterm and Term Infants (MELODY). https://clinicaltrials.gov/ct2/show/NCT03979313. Accessed August 2022. xiClinicaltrials.gov. A Study to Evaluate the Safety of MEDI8897 for the Prevention of Medically Attended Respiratory Syncytial Virus (RSV) Lower Respiratory Track Infection (LRTI) in High-risk Children. https://clinicaltrials.gov/ct2/show/NCT03959488. Accessed August 2022. xii Zhu Q, et al. A highly potent extended half-life antibody as a potential RSV vaccine surrogate for all infants. Sci Transl Med. 2017;9:pii: eaaj1928 Contacts NIHR email@example.comZuzanna Grzeskiewicz | + 44 (0) 7753 717316| firstname.lastname@example.org
TRON Founder Justin Sun Attends the Inaugural NFTBERLIN with His Twelve Digital Zodiac Heads Collection
GENEVA--(BUSINESS WIRE)--On May 24, NFTBERLIN tweeted that Justin Sun, the founder of TRON, confirmed attendance at the first NFTBERLIN event virtually and participation in a panel discussion on the future trends of NFT. He will exhibit many of his valuable collections, including the Twelve Digital Zodiac Heads, which are to be presented to the public for the first time. NFTBERLIN is a community-led unconference and exhibition focusing on the innovative development of NFT. The inaugural event will be held in Berlin, Germany, from May 25 to May 27, where creators, collectors, artists, and other art enthusiasts worldwide will meet to discuss the trends and future of the NFTverse. The NFTBERLIN event consists of three sessions: an NFT art exhibition, symposium, and Hackathon. Themed on the NFT, the symposium will invite well-known artists, collectors, and platforms in the NFT space both home and abroad to interpret the history, present, and future of NFTs through speeches, dialogues, round table discussions, etc. The NFT art exhibition will be held in Alte Münze, Berlin, from May 25 to 26 and will feature works by renowned and emerging artists from around the world, including the Twelve Digital Zodiac Heads previously bought by Justin Sun at ¥9,832,500. This collection was created based on the traditional Chinese Zodiac signs and minted as NFTs with blockchain technology. It is the only set in existence. An art collector and an early NFT practitioner, Justin Sun was also invited to this NFTBERLIN event. Sun has acquired many works by world-renowned artists in the past two years, including the Twelve Digital Zodiac Heads, Beeple's Ocean Front, and Fewocious' My Mama's Dream, which will be featured in the NFTBERLIN art exhibition. He has also clinched Picasso's Femme Nue Couchée au Collier (Marie-Thérèse), Andy Warhol's Three Self Portraits, and Alberto Giacometti's The Nose, among other masterpieces, with a combined worth of over ¥1 billion. NFTBERLIN is Europe's largest offline NFT event initiated by DAOs to date. Aiming to bring together outstanding independent crypto artists to prove that "the whole is greater than the sum of its parts" and promote the development of crypto art further, the event has attracted many institutions and big names from the industry. Contacts Jessica ZHANG email@example.com