Friday 3 December 2021

Yokogawa buys PXiSE, developer of high-speed control software

Yokogawa Electric Corporation has acquired all of the outstanding shares of PXiSE Energy Solutions, a San Diego-based developer of software. PXiSE enables utilities and other grid operators to deliver reliable and stable power by managing renewables and distributed energy resources (DERs) in


Sustainable hull cleaning option comes to Guinea

HullWiper Ltd and Agemar have signed a lease agreement to meet the growing demand for safe, eco-friendly hull cleaning solutions for vessels calling in Guinea.   Agemar Guinea (Agemar Agency & Logistics) is part of global maritime consultancy and maritime lo


Propelair launches in Gulf to boost region’s sustainability drive

Propelair, the UK designer and manufacturer of the world’s lowest-water-flush toilet, has entered the Gulf market through a partnership with Dubai-based bathroom and kitchen solutions provider Aquaforce.   Aquaforce, which distributes European bathroom and


Gradiant boosts Asia Pacific operations with new hires

Gradiant, a leading global cleantech water treatment solutions provider and projects developer, has secured five design-build-own-operate-maintain (DBOOM) water treatment projects in Indonesia and Vietnam.    As per the deal, Gradiant will provide end-to-en


Proserv and Houston’s Trendsetter sign MoU to expand offering

Leading global controls technology company, Proserv Controls and Trendsetter Engineering, a specialised subsea solutions provider, have signed a deal relating to the joint marketing and supply of integrated subsea hardware and controls.   The mutually beneficial


Lummus and Moscow refinery in deal for furnace supply in Russia

 Lummus Technology has been awarded a contract from the Gazpromneft Moscow Refinery for two fired heaters.    The heaters will be installed at the refinery in Moscow, and are part of the plant's modernisation to improve operational efficiency and e


Mideast carriers see 9.4% rise in air cargo volumes

Middle Eastern carriers experienced a 9.4% rise in international cargo volumes in October 2021 versus October 2019, a significant drop in performance compared to the previous month (18.4%), said the International Air Transport Association (Iata) in a new report. This was due to a


Aramco’s Wa’ed invests $5.06m in fintech startup Lamaa

Wa’ed, Saudi Aramco’s entrepreneurship arm, has announced a SR19 million ($5.06 million) Pre-Series A investment co-led with Raed Ventures in Lamaa, a Saudi-based fintech startup. Lamaa provides financing solutions for small and medium enterprises (SMEs), including Supply Chain Fi


Saudi Industrial Development Fund signs deal with Engie

Saudi Industrial Development Fund (SIDF) has signed an agreement with global energy group Engie in providing low-carbon energy services to enable the Fund's employees to join the French company's knowledge-exchange training programme for 2022.   The agre


WGC members contribute $38bn to local economies in 2020

Collectively, World Gold Council (WGC) member companies have contributed $37.9 billion to the GDP of  the countries where they operate in the form of taxes, salaries and payments to suppliers.    This represented 63% of the total revenue they received

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