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Hanwha Vice Chairman Dong Kwan Kim Unveils Vision for Decarbonization of Shipping at Davos 2024



  • Accelerating global decarbonization by expanding the clean energy value chain to encompass production, storage, and transportation
  • Building and owning green vessels to drive demand for decarbonization technology in shipping and shipbuilding

SEOUL, South Korea, Jan. 17, 2024 /PRNewswire/ — Dong Kwan (DK) Kim, Vice Chairman of Hanwha Group, unveiled a new vision for the decarbonization of shipping and introduced Hanwha’s plans to build a zero-emission gas carrier. Powered entirely by alternative fuels, the new vessel will be an industry first — developed using Hanwha’s proprietary green technology. Speaking at the World Economic Forum (WEF) Annual Meeting in Davos, Switzerland, Kim emphasized the importance of global collaboration to bring such green technologies to fruition and grow market demand.

Hanwha has a strong footprint in clean energy, with a value chain covering the production of solar, hydrogen, and wind energy as well as clean energy storage systems. This announcement further advances Hanwha’s commitment to a stronger clean energy value chain, which includes carbon-free transport in shipping.

“Hanwha is challenging existing industry frameworks, spearheading new innovations, and paving the way for maritime decarbonization,” said Dong Kwan (DK) Kim, Vice Chairman of Hanwha Group. “We’re taking a holistic approach to the energy transition, driving disruptive change not only in the production and storage of clean energy but in transportation as well. Advancing green ship technology and establishing a robust clean energy value chain will help us gain ground in our journey toward net zero.”

At a session titled “The First Fossil-Free Ship on the Water,” Kim shared Hanwha’s blueprint for the development of a carbon-free vessel powered by alternative fuels such as ammonia. As existing internal combustion engines require 5% to 15% of pilot fuel, diesel, for the purpose of ignition, building a vessel free of carbon emissions requires a fundamentally different approach. This is why Hanwha is developing an ammonia-powered gas turbine to replace conventional engines, thus eliminating the need for pilot fuel.

To achieve carbon-free electrification, Hanwha also plans to install hydrogen fuel cells with energy storage systems (ESS) as the vessel’s auxiliary source of power. An integrated ammonia cracker will produce the hydrogen required for the fuel cells on board.

Kim also announced plans to own and operate the newly developed green ships to bring the technology to maturity. Deep-sea vessels are capital-intensive investments. They take anywhere from two to three years to build and remain in service for two to three decades, making it extremely difficult for shipowners to invest in budding technologies. By demonstrating the benefits of green ship technology, Hanwha aims to lower the barriers for shipowner investment and drive demand.

In November, Hanwha Ocean joined the World Economic Forum’s First Movers Coalition (FMC), a leading global initiative supported by 13 government partners that represent over 50% of global GDP. The FMC aims to harness the purchasing power of the world’s leading companies to create guaranteed early markets for advanced technologies within hard-to-abate sectors, including shipping, steel, chemicals, and aviation. As one of the 95 members, comprising top global companies and non-profit organizations, Hanwha aims to create new partnerships and pilot programs to build sustained momentum for the adoption and commercialization of green ship technology.

“We are thrilled to welcome Hanwha to the First Movers Coalition, marking a significant step in our collective journey towards a net-zero future. Hanwha’s commitment underscores the critical role of innovative collaboration in accelerating the decarbonization of the shipping industry,” said Rob van Riet, Interim Head of the FMC. “Together, we are poised to make impactful strides in reducing emissions and setting new standards for global shipping.”

The decarbonization of shipping is seen as integral in the journey to net zero, as nearly 90% of all globally traded goods are shipped by sea, accounting for 3% of global greenhouse gas (GHG) emissions, according to the Organization for Economic Cooperation and Development (OECD).

As a strategic partner of the WEF, Hanwha is involved in multiple climate action initiatives. Kim has participated in the WEF Annual Meeting every year since 2010. In 2013, he was selected as a Young Global Leader (YGL) by the WEF.

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Invitation to presentation of EQT AB’s Q1 Announcement 2024




STOCKHOLM, April 5, 2024 /PRNewswire/ — EQT AB’s Q1 Announcement 2024 will be published on Thursday 18 April 2024 at approximately 07:30 CEST. EQT will host a conference call at 08:30 CEST to present the report, followed by a Q&A session.

The presentation and a video link for the webcast will be available here from the time of the publication of the Q1 Announcement.

To participate by phone and ask questions during the Q&A, please register here in advance. Upon registration, you will receive your personal dial-in details.

The webcast can be followed live here and a recording will be available afterwards.

Information on EQT AB’s financial reporting

The EQT AB Group has a long-term business model founded on a promise to its fund investors to invest capital, drive value creation and create consistent attractive returns over a 5 to 10-year horizon. The Group’s financial model is primarily affected by the size of its fee-generating assets under management, the performance of the EQT funds and its ability to recruit and retain top talent.

The Group operates in a market driven by long-term trends and thus believes quarterly financial statements are less relevant for investors. However, in order to provide the market with relevant and suitable information about the Group’s development, EQT publishes quarterly announcements with key operating numbers that are relevant for the business performance (taking Nasdaq’s guidance note for preparing interim management statements into consideration). In addition, a half-year report and a year-end report including financial statements and further information relevant for investors is published. Finally, EQT also publishes an annual report including sustainability reporting.

Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15
EQT Shareholder Relations, [email protected]

Rickard Buch, Head of Corporate Communications, +46 72 989 09 11
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision,c3956826

The following files are available for download:

Invitation to presentation of EQT AB’s Q1 Announcement 2024,c3285895

EQT AB Group


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Kia presents roadmap to lead global electrification era through EVs, HEVs and PBVs



  • Kia drives forward transformation into ‘Sustainable Mobility Solutions Provider’
  • Roadmap enables Kia to proactively respond to uncertainties in mobility industry landscape, including changes in EV market
  • Company to expand EV line-up with more models; enhance HEV line-up to manage fluctuation in EV demand
    • Goal to sell 1.6 million EVs annually in 2030, introducing 15 models
    • PBV to play a key role in Kia’s growth, targeting 250,000 PBV sales annually by 2030 with PV5 and PV7 models
  • Kia to invest KRW 38 trillion by 2028, including KRW 15 trillion for future business
  • 2024 business guidance : KRW 101 tln in revenue with KRW 12 tln in operating profit; operating profit margin of 11.9% on sales of 3.2 million units globally
  • CEO reaffirms Kia’s commitment to ESG management

SEOUL, South Korea, April 5, 2024 /PRNewswire/ — Kia Corporation (Kia) today shared an update on its future strategies and financial targets at its CEO Investor Day in Seoul, Korea.

Based on its innovative achievements in the years since the announcement of mid-to-long-term business initiatives, Kia is focusing on updating its 2030 strategy announced last year and further strengthening its business strategy in response to uncertainties across the global mobility industry landscape.

During the event, Kia updated its mid-to-long-term business strategy with a focus on electrification, and its PBV business. Kia reiterated its 2030 annual sales target of 4.3 million units, including 1.6 million units of electric vehicles (EVs). The 2030 4.3 million annual sales target is 34.4 percent higher than the brand’s 2024 annual goal of 3.2 million units.

The company also plans to become a leading EV brand by selling a higher percentage of electrified models among its total sales, including hybrid electric vehicles (HEV), plug-in hybrid (PHEV), and battery EVs, projecting electrified model sales of 2.48 million units annually or 58 percent of Kia’s total sales in 2030.

“Following our successful brand relaunch in 2021, Kia is enhancing its global business strategy to further the establishment of an innovative EV line-up and accelerate the company’s transition to a sustainable mobility solutions provider,” said Ho Sung Song, President and CEO of Kia. “By responding effectively to changes in the mobility market and efficiently implementing mid-to-long-term strategies, Kia is strengthening its brand commitment to the wellbeing of customers, communities, the global society, and the environment.”

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BioVaxys Technology Corp. Provides Bi-Weekly MCTO Status Update




VANCOUVER, BC, April 4, 2024 /PRNewswire/ — BioVaxys Technology Corp. (CSE: BIOV) (FRA: 5LB) (OTCQB: BVAXF) (the “Company“) is providing this bi-weekly update on the status of the management cease trade order granted on February 29, 2024 (the “MCTO“), by its principal regulator, the Ontario Securities Commission (the “OSC“), under National Policy 12-203 – Management Cease Trade Orders (“NP 12-203“), following the Company’s announcement on February 21, 2024 (the “Default Announcement“), that it was unable to file its audited annual financial statements for the year ended October 31, 2023, its management’s discussion and analysis of financial statements for the year ended October 31, 2023, its annual information form for the year ended October 31, 2023, and related filings (collectively, the “Required Annual Filings“). Under National Instrument 51-102, the Required Annual Filings were required to be made no later than February 28, 2024.

As a result of the delay in filing the Required Annual Filings, the Company was unable to file its interim financial statements for the three months ended January 31, 2024, its management’s discussion and analysis of financial statements for the three months ended January 31, 2024, and related filings (collectively, the “Required Interim Filings“). Under National Instrument 51-102, the Required Interim Filings were required to be made no later than April 1, 2024.

The Company anticipates filing the Required Annual Filings by April 30, 2024. The auditor of the Company requires additional time to complete its audit of the Company, including the Company’s recent acquisition of all intellectual property, immunotherapeutics platform technologies, and clinical stage assets of the former IMV Inc. that closed on February 16, 2024. In addition, the Company anticipates filing the Required Interim Filings immediately after the filing of the Required Annual Filings.

Except as herein disclosed, there are no material changes to the information contained in the Default Announcement. In addition, (i) the Company is satisfying and confirms that it intends to continue to satisfy the provisions of the alternative information guidelines under NP 12-203 and issue bi-weekly default status reports for so long as the delay in filing the Required Annual Filings and/or Required Interim Filings is continuing, each of which will be issued in the form of a press release; (ii) the Company does not have any information at this time regarding any anticipated specified default subsequent to the default in filing the Required Annual Filings and Required Interim Filings; (iii) the Company is not subject to any insolvency proceedings; and (iv) there is no material information concerning the affairs of the Company that has not been generally disclosed.

About BioVaxys Technology Corp.

BioVaxys Technology Corp. (, a biopharmaceuticals company registered in British Columbia, Canada, is a clinical-stage biopharmaceutical company dedicated to improving patient lives with novel immunotherapies based on the DPX™ immune-educating technology platform and it’s HapTenix© ‘neoantigen’ tumor cell construct platform, for treating cancers, infectious disease, antigen desensitization, and other immunological fields. The Company’s clinical stage pipeline includes maveropepimut-S which is in Phase II clinical development for advanced Relapsed-Refractory Diffuse Large B Cell Lymphoma (DLBCL) and platinum resistant ovarian cancer, and BVX-0918, a personalized immunotherapeutic vaccine using it proprietary HapTenix© ‘neoantigen’ tumor cell construct platform which is soon to enter Phase I in Spain for treating refractive late-stage ovarian cancer. The Company is also capitalizing on its tumor immunology know-how and creation of a unique library of T-lymphocytes & other datasets post-vaccination with its personalized immunotherapeutic vaccines to utilize predictive algorithms and other technologies to identify new targetable tumor antigens. BioVaxys common shares are listed on the CSE under the stock symbol “BIOV” and trade on the Frankfurt Bourse (FRA: 5LB) and in the US (OTCQB: BVAXF). For more information, visit and connect with us on X and LinkedIn.


Signed “James Passin
James Passin, Chief Executive Officer
Phone: +1 646 452 7054

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