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‘CAN DO’ ATTITUDE NEEDED TO ACHIEVE 100 PER CENT RECYCLING RATE FOR ALL ALUMINIUM DRINKS CANS

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DUBAI, UAE, Dec. 5, 2023 /PRNewswire/ — A near 100 per cent recycling target by 2050 for the world’s aluminium drinks cans has been set by industry leaders at COP 28.

Aluminium producers, recyclers, rolling mills, can makers and industry associations have set the target having stressed the need for enhanced recycling to support the IEAs Net Zero 2050 goal.

Currently more than 70 per cent of aluminium beverage cans are recycled into new products but this figure falls short of making the complete contribution necessary for achieving the 1.5-degree target. Urgent actions for full circularity of aluminium beverage containers are needed to support decarbonisation of the aluminium sector. A little step for a large outcome as aluminium beverage containers recycle without change of quality not once but over and over again. 

The number of beverage cans is set to increase from 420 billion in 2020 to 630 billion by 2030 and data has revealed that recycling all cans globally in 2030 would save 60 million tonnes of greenhouse gas emissions per year.

“Together we are calling for greater commitment from national governments and the aluminium beverage can value chain industry to accelerate beverage can recycling rates, with at least 80 per cent target by 2030 and near 100 per cent by 2050. Reaching these targets is a must for the aluminium sector to decarbonise in line with a 1.5-degree slope” said Marlen Bertram, IAI’s Director of Scenarios and Forecast. To enable this to happen, we are calling for the following actions to be adopted by policy makers:

  1. Establish national and/or state-level recycling targets for aluminium beverage cans.
  2. Formulate policies to help achieve these targets and enhance the quality of collected used beverage cans.
  3. Collect and publish data on aluminium beverage can recovery rates to monitor progress.

In addition, there are four actions for the aluminium industry to increase recycling rates towards the goal of 100 per cent.

  1. Scale up existing recycling capacity to recycle all cans put on the market.
  2. Track the global recycling rate.
  3. Support smart policies to improve aluminium beverage can collection and recycling.
  4. Prioritise can-to-can recycling and maximising the recycling content through optimised alloy design and scrap purification.

The following organisations have endorsed the actions:

  1. Emirates Global Aluminium (EGA)
  2. Australian Aluminium Council 
  3. US Aluminum Association
  4. Ardagh Metal Packaging
  5. Aluminium Association of Canada
  6. Associação Brasileira do Alumínio (ABAL)
  7. The Brazilian Aluminium Beverage Can Association (Abralatas)
  8. Can Manufacturers Institute
  9. European Aluminium
  10. Ball Corporation
  11. Crown Holdings
  12. Speira
  13. Canpack Group
  14. Constellium
  15. Novelis
  16. UACJ Corporation
  17. Metal Packaging Europe
  18. Elval
  19. Japan Aluminium Association
  20. UNESDA 
  21. Beverage Industry Environmental Roundtable (BIER)
  22. Aluminium Stewardship Initiative (ASI)
  23. Every Can Counts
  24. Food Industry Asia
  25. Mission Possible Partnership
  26. RECAPP by Veolia
  27. Rocky Mountain Institute
  28. Thailand Institute of Packaging and Recycling Management for Sustainable Environment (TIPMSE)

Read the full Press Release here

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Bitget’s Protection Fund Report in Feb 2024

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VICTORIA, Seychelles, March 5, 2024 /PRNewswire/ — Bitget, the world’s leading cryptocurrency exchange and Web3 company, unveiled its February 2024 Protection Fund Valuation Report. According to the report, the fund recorded its highest average monthly valuation, surpassing 461 million, and peaked at an unprecedented 543 million on February 28th. This highlights Bitget’s dedication to safeguarding its users.

Within the cryptocurrency realm, Bitget’s Protection Fund is recognized for its substantial commitment to safeguarding users. It stands as one of the industry’s most significant self-insured reserves, enhancing user trust by providing an extra security layer. This fund is designed to protect digital assets against various risks, including cyber attacks, fraudulent activities, and significant market fluctuations.

Operating on a self-sustaining model, Bitget’s Protection Fund offers flexible and swift protective measures unrestricted from external influences. Its autonomy allows for the immediate allocation of resources to secure user assets during security breaches, market unrest, or other pertinent incidents. This self-reliant strategy affords Bitget’s clientele robust protection, unfettered by the potential hindrances of external rules, policies, or permissions that might slow response times in urgent scenarios. The fund’s self-sufficient framework is a key asset, providing a notable safety and security benefit to the Bitget user base.

To bolster its resilience and liquidity in the face of external market pressures, the fund includes a varied collection of highly liquid digital currencies, such as BTC, USDT, and USDC. In February, buoyed by market trends and a rise in BTC’s value, Bitget’s Protection Fund experienced consistent growth, culminating in a record-breaking valuation exceeding $543 million on February 28th.

Bitget Protection Fund Valuation Status in February 2024: 

Highest value: $543 million (Feb 28)

Lowest value: $413 million (Feb 4)

Average value: $461 million

Bitget’s commitment to transparency goes beyond the Protection Fund Valuation report. The exchange has consistently offered verifiable Proof of Reserves data, providing users with additional confidence in the security of their assets. Bitget continues to grant users unrestricted access to comprehensive fund information, including publicly available wallet addresses.

For more detailed information, please visit here.

About Bitget

Established in 2018, Bitget is the world’s leading cryptocurrency exchange and Web3 company. Serving over 20 million users in 100+ countries and regions, the Bitget exchange is committed to helping users trade smarter with its pioneering copy trading feature and other trading solutions. Formerly known as BitKeep, Bitget Wallet is a world-class multi-chain crypto wallet that offers an array of comprehensive Web3 solutions and features including wallet functionality, swap, NFT Marketplace, DApp browser, and more. Bitget inspires individuals to embrace crypto through collaborations with credible partners, including legendary Argentinian footballer Lionel Messi and official eSports events organizer PGL. 

For more information, visit: Website  |  Twitter  |  Telegram  |  LinkedIn  | Discord | Bitget Wallet

 

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Shanghai’s Lujiazui adds 5 global asset management institutions

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SHANGHAI, March 5, 2024 /PRNewswire/ — Five global asset management institutions, including Aspect Capital and Schroders Capital, have signed agreements to settle in Shanghai’s Lujiazui Financial City, said local authorities.

According to Xiao Jian, head of Lujiazui administration bureau under the China (Shanghai) Pilot Free Trade Zone, Lujiazui Financial City has so far attracted more than 8,000 financial institutions.

Lujiazui has become an important cluster for global asset management institutions in China. It now boasts about 80 percent of foreign-funded asset management institutions, 40 percent of foreign-funded corporate banks, nearly one-third of public fund management companies, and nearly one quarter of insurance asset management institutions of the total in the country, Xiao said.

More than 80 world-renowned financial institutions from 13 countries have established over 120 foreign asset management institutions in Lujiazui.  

“Lujiazui is an important gathering place and business expansion place for global asset management institutions in China. We are very honored to have the opportunity to join the Global Asset Management Partner Program. We also hope that through this signing, we can contribute to building Lujiazui into the core area of a global asset management center and accelerating Shanghai’s entry into the forefront of global asset management center cities,” Li You, Chief Compliance Officer of Aspect Capital (China) Limited.

Shanghai has made a great stride in pushing for financial openness and attracting more global financial institutions and investors. The next step could be to take advantage the special status of Shanghai Free Trade Zone and Lingang special area to develop an off-shore financial system, adopting the most advanced financial business models and regulatory regimes,” said Yan Hong, professor of finance of Shanghai Advanced Institute of Finance, Shanghai Jiao Tong University.

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LAMPRO International Distributor Summit: A Feast of Gathering and Future Prospect

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-Focus On Pro, Pro For Mate

HUIZHOU, China, March 5, 2024 /PRNewswire/ — On March 2-3, right on the 20th anniversary of the establishment of LAMPRO, the International Distributor Summit was successfully concluded in Huizhou. With the theme of “Focus On Pro, Pro For Mate”, the summit attracted more than 200 partners from all over the world, sharing the industry trend and advanced leading technology. During the summit, LAMPRO held an appreciation award ceremony and signing ceremony as well for partners to co-build a partnership system and create a brighter future together.

At the summit, Sichuan opera performances, band shows, and other entertainment sessions created a warm and comfortable homey vibe, so that every guest fully enjoyed the process. One of our partners even took the initiative to sing on stage.

To share business opportunities with partners and demonstrate the vision of prosperous development, LAMPRO has elaborately planned the “Tree of Dreams” launching ceremony and the 20th-anniversary sand painting video. In the beginning, Chairman Tiger Lin thanked all partners for choosing Unilumin and LAMPRO, and he emphasized, “It is vital to choose the right brand and bind with it, which will help you become an outstanding leader locally.” Afterwards, Mr. Lawrence Liu, General Manager of LAMPRO, shared the development strategy of LAMPRO partner system. The project director introduced and demonstrated LMini and other major product series in details, which greatly boosted the confidence of global partners.

Furthermore, to thank partners for their support and seek mutual development, LAMPRO also held an awarding session, a signing ceremony, and a visiting journey to the Daya Bay intelligent manufacturing base on March 3, which demonstrated the industry-leading intelligent manufacturing capabilities of LAMPRO and high quality of products. LAMPRO sincerely expects to establish a closer cooperative relationship with global partners. Partners said that they gained valuable friendship and cooperation opportunities at the summit, and highly recognized the manufacturing strength and product capability of LAMPRO.

Meanwhile, elaborately arranged lucky draws pushed the atmosphere to a culmination, in which prizes included electronic equipment of well-known brands. At the end of the dinner party, LAMPRO prepared unique souvenirs, including the 20th-anniversary mascot of LAMPRO, hoping to leave an unforgettable impression on every guest.

Looking ahead, we expect to share greater joys of success with more partners in subsequent distributor summits, create a bright future and display a better world together.

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