Fintech PR
Econic welcomes new investment to accelerate CO₂ polyols and surfactants
MACCLESFIELD, England, Oct. 15, 2024 /PRNewswire/ — Econic Technologies, a deep tech company focused on renewable carbon, has closed an equity fundraising round that will accelerate delivery for its customers in the polyols market and support the commercialisation of its new CO₂ surfactant technology. The round was led by new investor Taranis Carbon Ventures with follow-on investment from Capricorn Partners, CM Venture Capital, ING Sustainable Investments and GC Ventures.
Econic offers a patented process based on a unique catalyst that replaces fossil-based feedstocks with renewable carbon. The company licenses its technology to polyols and surfactants manufacturers that supply global consumer brands and manufacturers. Econic’s technology has applications in furniture and mattresses, automotive, paint and coatings, home and personal care, construction, and textiles and apparel. It can reduce carbon footprint and cost along the value chain while improving the performance and circularity of products.
“Renewable carbon is not just about reducing emissions. It’s about reshaping industry. Our investment in Econic Technologies aligns with our commitment to driving sustainable innovation and creating lasting value for future generations,” said David Sorin, Managing Director of Taranis Carbon Ventures.
“Our customers in the US, China, and other regions plan on bringing CO₂ polyols to market in the coming months. But climate change is looming, and the renewable carbon economy can’t come fast enough. This fresh injection of capital will help accelerate delivery of sustainable polyols and new CO₂ surfactants, so that more consumer brands and industrial companies can switch to renewable materials and meet their sustainability targets sooner,” said Econic CEO Keith Wiggins.
About Econic Technologies
Econic Technologies is a UK-based deep tech company focused on renewable carbon. Its innovative catalyst and process technology allows manufacturers to produce polymers based on CO2 instead of petrochemicals. The use of CO2 enhances sustainability while creating more cost-effective, higher-performing end products. Econic licenses its technology to polyols and surfactants manufacturers that supply some of the world’s most iconic consumer brands. Econic was founded in 2011 by Dr. Charlotte Williams at Imperial College London. The company is part of Cleantech Group’s Global Cleantech 100. Its global headquarters are in Alderley Park, UK just outside of Manchester.
About Taranis
Taranis is the investment and asset management arm of the Perenco Group, aiming to support sustainable development through four distinct funds. These include Taranis Carbon Ventures, a VC that invests in technologies to accelerate carbon circularity, such as Econic Technologies, which aligns with Taranis’ mission to reduce environmental impact while unlocking value. In addition to Taranis Carbon Ventures, Taranis also manages Taranis Energy for Africa, Taranis Decommissioning Fund, and Taranis Nature-Based Solutions—all contributing to the core commitment to drive sustainability across various sectors.
For more information, or to contact Taranis, please visit www.taranis.eu.
About Capricorn Partners
Capricorn Partners is an independent manager of private and quoted equity funds that invest in minority shareholding positions of innovative companies with technology as a competitive advantage. Capricorn Digital Growth Fund invests in early-stage growth companies leveraging deeptech innovations to turn data into actionable insights, to enable business and healthcare. Visit the Capricorn Partners website to learn more.
About CM Venture Capital
CM Venture Capital is a leading venture capital firm that invests in renewable carbon, advanced materials science and hard technologies. Backed by Fortune 500 companies – BASF, BAT, GE, Henkel, Heraeus, Petronas, Samsung, SABIC – CM Venture Capital has a global reach and a strong network in China. CM Venture Capital partners with ambitious entrepreneurs to build companies that address challenges in decarbonization, digital transformation, energy transformation and material transformation. Visit cmventure.net for more information.
About ING Sustainable Investments
ING Sustainable Investments is the EUR 500 million sustainable investment fund of ING committed to sustainable startups, scale-ups and mature companies that have a proven technology or business concept and make a positive environmental impact to the energy transition and circular economy. ING is a global financial institution with a strong European base offering banking services through its operating company ING Bank. ING Bank’s objective is to enable people to stay one step ahead, both privately and professionally. ING Bank’s more than 60,000 employees offer retail and corporate banking services to customers in over 40 countries. For more information or to contact ING Sustainable Investments, please visit ING Sustainable Investments.
About GC Ventures
GC Ventures is a wholly owned subsidiary by PTT Global Chemical Public Company Limited (GC). We discover breakthrough innovations to solve global challenges and to meet the needs of businesses and lifestyles of today and tomorrow. We are focusing on strategic investments and collaborations with related startups and also investing in venture capital funds around the world to co-create solutions and enhance their readiness to scale in order to accelerate growth in innovations and businesses for GC’s sustainable growth. GC Ventures has offices in Bangkok, Thailand and Massachusetts, USA. Visit the GC Ventures website to learn more.
View original content:https://www.prnewswire.co.uk/news-releases/econic-welcomes-new-investment-to-accelerate-co-polyols-and-surfactants-302275677.html
TAIPEI, Taiwan, Oct. 16, 2024 /PRNewswire/ — Crystal Intelligence, a leader in blockchain analytics and investigative solutions, is set to deliver an in-person crypto compliance and investigations training session in collaboration with TVA3 on October 26 in Taipei, Taiwan.
This training initiative, specifically designed for law enforcement, investigators, compliance professionals, and legal experts, aims to strengthen Taiwan’s defenses against the rising tide of crypto-related crimes, including fraud, scams, and money laundering. As these threats become more prevalent, there is an increasing need for local authorities to be equipped with the knowledge and tools necessary to trace and investigate blockchain transactions effectively.
Bridging the Knowledge Gap in Crypto Investigations
Despite efforts by major institutions like the Criminal Investigation Bureau (CIB) and the Ministry of Justice Investigation Bureau (MJIB), local law enforcement often lacks the specialized training required to handle crypto crimes efficiently. “There is a significant demand for enhanced training and better collaboration between local law enforcement and international organizations,” stated Charlie Chen, Secretary of the Taiwan Virtual Asset Anti-Money Laundering Association (TVA3). “Crystal’s tools for compliance and transaction monitoring are crucial in bridging these gaps.”
By offering this comprehensive training, Crystal Intelligence and TVA3 aim to empower local officers with the practical skills to track down suspects and recover stolen assets, transforming how blockchain crimes are investigated in Taiwan.
The training will feature real-world case studies tailored to Taiwan’s specific context, providing attendees with actionable insights and proven strategies.
Date: October 26, 2024
Registration: https://crystalintelligence.com/crypto-investigations-compliance-training/#taiwan
About Crystal Intelligence
Crystal is a leading blockchain intelligence firm empowering financial institutions, law enforcement and regulators with real-time blockchain analysis, investigative and compliance solutions. Our solution helps financial institutions comply with global anti-money laundering regulations efficiently. Investigators and government agencies use Crystal’s cutting-edge technology and unique real-time intelligence to solve crypto investigations. Available as a free blockchain explorer, SaaS, or API.
Logo: https://mma.prnewswire.com/media/2531081/Crystal_Intelligence_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/crystal-intelligence-partners-with-tva3-to-deliver-crypto-compliance-training-in-taiwan-302277701.html
SYDNEY, Oct. 16, 2024 /PRNewswire/ — FP Markets, a global multi-asset Forex and CFD broker, participated in the Forex Expo Dubai 2024 earlier this month. The largest trading event in the Middle East took place in Dubai, UAE, from 7-8 October and drew an impressive 18,000 visitors this year.
The FP Markets Team was invited to participate in two segments: ‘Future Trends in Financial Technology’ and ‘Women in Forex’. Martin Stoilov, Head of Customer Experience at FP Markets, delivered an insightful talk on how Artificial Intelligence and the human element can work together to create authentic customer experiences. Additionally, and as part of the event’s newly-inaugurated segment ‘Women in Forex’, Global Head of Marketing, Andria Phiniefs, led a panel discussion on the crucial part women play in the industry, the challenges they face, and how they can be empowered to take on more leadership roles.
The event concluded with an awards ceremony on Tuesday evening during which the FP Markets Team received two outstanding achievement accolades. Andria Phiniefs was recognised as ‘Mentor of the Year’, and the FP Markets Research Team, headed by Market Analyst Aaron Hill, was presented with the ‘Excellence in Technical Analysis’ award.
Commenting on FP Markets’ presence and achievements at the Forex Expo Dubai 2024, Global Head of Marketing, Andria Phiniefs, stated: ‘For the Team to be invited to talk as experts in their respective fields, as well as awarded for outstanding contributions, is testament to our brand’s culture. We are proud to be part of an ecosystem that encourages agility and adaptability, pushing the boundaries of innovation forward. At FP Markets, our belief in the power of knowledge extends to both our Clients and Team: knowledge sharing happens internally and externally. Striving to be more than just another broker, all our efforts will continue to focus on furthering our Clients’ trading knowledge and delivering a superior investing experience’.
Notes to Editors
About FP Markets:
- FP Markets is a Multi-Regulated Forex and CFD Broker with over 19 years of industry experience.
- The company offers highly competitive interbank Forex spreads starting from 0.0 pips.
- Traders can choose from leading powerful online trading platforms, including FP Markets’ Mobile App, MetaTrader 4, MetaTrader 5, WebTrader, cTrader, Iress and TradingView.
- The company’s outstanding 24/7 multilingual customer service has been recognised by Investment Trends and awarded ‘The Highest Overall Client Satisfaction Award’ over five consecutive years.
- FP Markets was awarded ‘Best Value Broker – Global’ for six consecutive years (2019, 2020, 2021, 2022, 2023, 2024) at the Global Forex Awards.
- FP Markets was awarded the ‘Best Broker – Europe‘ and the ‘Best Forex Partners Programme – Asia‘ at the Global Forex Awards (2022, 2023, 2024).
- FP Markets was awarded ‘Best Trade Execution’, and ‘Most Trusted Broker’ and ‘Best Trade Execution’ at the Ultimate Fintech Awards in 2022 and 2023, respectively.
- FP Markets was crowned ‘Best CFD Broker – Africa‘ at the 2023 FAME Awards.
- FP Markets was awarded ‘Best Trade Execution’ and ‘Most Transparent Broker’ at the Ultimate Fintech Awards APAC 2023.
- FP Markets was awarded the ‘Best Price Execution’ at the Brokersview Awards 2024, Singapore.
- FP Markets was awarded the ‘Best Trading Experience – Africa‘ at the FAME Awards 2024.
- FP Markets was awarded ‘Most Transparent Broker’ and ‘Best Trading Conditions’ at the Global Ultimate Fintech Awards 2024.
- FP Markets was awarded ‘Best Forex Spreads APAC’ and ‘Best Trading Experience APAC’ at the 2024 Finance Magnates Pacific Summit.
- FP Markets regulatory presence includes the Australian Securities and Investments Commission (ASIC), the Financial Sector Conduct Authority (FSCA) of South Africa, the Financial Services Commission (FSC) of Mauritius, the Cyprus Securities and Exchange Commission (CySEC), the Securities Commission of the Bahamas (SCB), and the Capital Markets Authority (CMA) of Kenya.
For more information on FP Markets’ comprehensive range of products and services, visit https://www.fpmarkets.com/
Photo – https://mma.prnewswire.com/media/2532628/FP_Markets.jpg
Logo – https://mma.prnewswire.com/media/1574261/4972009/FP_Markets_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/fp-markets-team-attends-forex-expo-dubai-2024-and-brings-home-two-awards-302278244.html
The state-of-the-art plant will provide specialty products for the coatings and inks markets from India
MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Birla Carbon, one of the leading manufacturers and suppliers of high-quality carbon-based solutions, announced the launch of its first Asia Post Treatment (APT) Plant in India. The brownfield initiative is located at the Patalganga unit, in the state of Maharashtra, India. This cutting-edge facility, equipped with the latest treatment technology, is set to revolutionize the carbon black industry by offering the highest levels of flexibility, efficiency, and precision. The plant will serve the fast-growing demand for high-performance carbon black grades in key industries like coatings and inks.
Sharing his thoughts on the launch, Rajeev Sonthalia, Director, Birla Carbon, said, “The launch of the Asia Post-Treatment Plant at Patalganga marks a significant milestone in Birla Carbon’s journey toward creating and deploying cutting-edge technology solutions for our customers. Asia is an emerging market for the carbon black industry and the strategic location of this plant will encourage innovation with our partners.” He further added, “This brownfield facility will enable Birla Carbon to leverage its global reactor capabilities, operating at the highest yields and efficiency. The precision in the manufacturing technology ensures that our products meet the highest standards of quality and performance, catering to the specific needs of our diverse customers, both regionally and globally. And by doing so, we enrich the lives of our consumers and inspire trust with our partners.”
The Asia Post Treatment Plant facility’s advanced technology ensures precise control over reaction times, facilitating the production of ultra-high-performance grades that are tailored to specific customer needs. With its ability to meet stringent clean product standards, the APT facility offers a distinct advantage over traditional products, positioning Birla Carbon as a market leader in delivering sustainable, high-quality solutions.
Sharing his thoughts on this new milestone, John Loudermilk, President and Chief Executive Officer, Birla Carbon, said, “The launch of our Asia Post Treatment Plant reflects our long-term commitment towards the industry and the businesses we serve. This facility enables us to support our customers more effectively while reinforcing Birla Carbon’s position as a thought leader in developing sustainable, high-performance carbon-based solutions for the future.” He further added, “This treatment facility strengthens our commitment to meeting global demand in high-growth sectors and leading the carbon black industry towards greater sustainability and efficiency. By prioritizing innovation and sustainability in every aspect of our operations, we are not just responding to current needs; we are anticipating future demand and setting new standards for quality, reliability, and environmental responsibility. Thus living our purpose to ‘Share the Strength’”.
In addition to its broader range of applications, including packaging inks and automotive and industrial coatings, the ATP facility is strategically designed to tap into niche markets such as toys and tool coatings, where the demand for low PAH products is rapidly growing.
Located in Patalganga, India, the plant provides key advantages such as proximity to emerging Asian markets. It serves as a key backup to Birla Carbon’s North Bend facility in the USA.
About Birla Carbon
Birla Carbon is one of the leading global suppliers of carbon-based solutions. As one of the flagship businesses of the leading Indian multinational conglomerate, the Aditya Birla Group, Birla Carbon provides innovative, sustainable carbon black solutions that enhance the performance of paints and coatings, inks and toners, plastics, adhesives, sealants, textile fibers, mechanical rubber goods, and tires, Energy Systems, Carbon Nanotubes, and Sustainable Carbonaceous Material. The company operates in 14 countries, boasting 17 manufacturing facilities and three cutting-edge technology centers in Marietta (USA), Taloja (India), and Sambreville, Belgium, showcasing forefront innovation in the industry. Birla Carbon’s Sustainability Strategy – Share the Future report focuses on employee safety, environmental stewardship, efficient use of carbon sources, and operating in a socially and ethically responsible manner.
For more information, visit https://www.birlacarbon.com or follow us on LinkedIn, Twitter, Facebook, or Instagram.
Logo: https://mma.prnewswire.com/media/2532465/Birla_Carbon_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/birla-carbon-announces-the-launch-of-its-first-asia-post-treatment-plant-in-india-302278071.html
-
Fintech PR6 days agoSaudi Arabia to Host the Multilateral Industrial Policy Forum in October 2024
-
Fintech PR6 days agoBybit Doubles Down on Rewards for Late Entrants of WSOT 2024 With New 100,000 Prize Pool
-
Fintech PR6 days agoVantage Markets Adds Another Feather to its Cap: Wins Best Forex Affiliate Program at Global Brand Awards 2024
-
Fintech PR6 days agoRSM US and RSM UK pursue transatlantic merger to strengthen global client offering and deliver long-term growth
-
Fintech PR6 days agoBybit x Block Scholes Derivatives Report Uncovers BTC Call Option Boom Amidst Election Uncertainty
-
Fintech PR6 days agoOCI to Close Divestment of Controlling Stake in Fertiglobe
-
Fintech PR6 days agoBitget Launches Telegram App Centre, Featuring Over 600 TON Trending Mini-Apps
-
Fintech PR6 days agoBingX Launches Telegram Mini App for Seamless Copy Trading