25.2 C
Vientiane
Tuesday, May 13, 2025
spot_img
Home Blog Page 1428

Laos, Singapore Seek to Enhance Security Cooperation on Narcotics, Transnational Crime

General Vilay Lakhamphong and Singaporean Ambassador to Laos, Sudesh Maniar (Photo: Singaporean Ambassy)

In an attempt to combat narcotics trafficking and transnational crime in Laos, Lao Deputy Prime Minister and Minister of Public Security, General Vilay Lakhamphong, met with Singaporean Ambassador to Laos, Sudesh Maniar, on 2 November to discuss ways to enhance bilateral security cooperation.

Lao Diplomat Invited to Japan on Official Visit

Deputy Prime Minister Saleumxay Kommasith and Japanese Foreign Minister Yoko Kamikawa (Phto: Japanese Embassy)

The Deputy Prime Minister and Minister of Foreign Affairs of Laos, Saleumxay Kommasith, will pay an official visit to Japan from 7 to 11 November, at the invitation of the Japanese Foreign Minister, Kamikawa Yoko.

Redress Demonstrates Critical Need to Upskill Asia’s Fashion Industry from Drawing Board to Boardroom

New industry report identifies circular design knowledge gap, financial barriers, and lack of top management leadership to transition from linear to circular models

HONG KONG SAR – Media OutReach – 3 November 2023 – Redress, the Hong Kong-headquartered, Asia-focused environmental NGO accelerating the change to a circular fashion industry by educating designers and consumers, releases their industry report on the role, influence, and opportunities for circular fashion designers. Supported by the VF Foundation, the report focuses on the fashion design stage in China and Southeast Asia, which produces approximately 60% of global exports of garments, textiles, and footwear[1].

Redress Industry Report - website visual.jpg

Fashion’s environmental challenges, mostly brought on by its current linear system, are well known. Approximately 100 billion apparel items are produced per year, representing a 50% increase since 2006. The majority of clothing is landfilled or burned within one year of production.[2] As one of the world’s most polluting industries, fashion currently contributes up to 10% of global CO2[3] and on its current trajectory is projected to use 25% of the world’s carbon budget by 2050.[4]

Much work is needed to transition to a circular fashion system, including transforming the fashion design stage, where it is estimated that 80% of a product’s environmental impact is determined.[5]

RESULTS SHOW GAPS – KNOWLEDGE AND INVESTMENT URGENTLY NEEDED

The industry report highlights a circular design knowledge gap, with 79% of survey respondents saying they “agree, either somewhat or strongly, that implementing circular design poses challenges”; financial barriers for circular design, with 71% of all respondents saying that “cost is a resistance factor when choosing materials to reduce environmental impacts”; and that lack of commitment and collaboration from top management is hampering progress at the design stage.

“The results of our report show that Asia’s fashion industry is not equipped to deliver the supply chain of the future,” said Christina Dean, Founder, Redress. “Legislation is changing, with the European Union continuing to tighten regulations targeting fashion’s environmental and social impact. This will have implications throughout the supply chain, especially in Asia, where 70% of the EU’s textiles are made.[6] Urgent investment in fashion circularity is needed, from recycling to new materials, along with an urgent reallocation of resources, upskilling, and reskilling.”

Redress’ quantitative survey was answered by 195 global fashion professionals working within the design stage. Forty qualitative interviews were also conducted with fashion professionals working within companies producing apparel for the European, Chinese, and Southeast Asian markets, along with five educators specialising in design and sustainability.

Based on the findings, Redress urges the APAC region’s fashion industry to better support the implementation of circularity at the design stage by closing the knowledge gap through education and capacity building; re-addressing financial barriers with a long-term mindset; and creating a more collaborative working structure with support from top management.

“At The VF Foundation, we know driving a more circular system, from product creation to consumer engagement, is critical for the fashion industry to achieve a more sustainable future,” says Gloria Schoch, Executive Director, The VF Foundation and Senior Director, VF Corporation. “This report reinforces the importance of educating designers and finding opportunities to instil these values into the next generation of designers to make meaningful progress at scale.”

REDRESS: PROVIDING SOLUTIONS TO CLOSE THE KNOWLEDGE GAP

A key pillar of Redress’ work is educating designers on circular and sustainable design theories and techniques. These educational efforts are supported by partnerships, with industry leaders and over 170 universities to deliver sustainable fashion curricula to the next generation of designers.

The knowledge shared by Redress is in high demand, with the Redress Academy, a free online resource on circular fashion topics, seeing over 68,000 hits this year. Highlights from recent workshops partaken by Finalists of the Redress Design Award 2023, the world’s largest sustainable fashion design competition, have recently been shared as educational circular case studies. These include:

“Circular design might be considered challenging. But having a top-down leadership or management direction, like we do at TAL, is key. Without the C-suite understanding the financial imperatives of steering their supply chains, innovation at the design stage will become a stalemate,” shared Rod Henderson, President, TAL Apparel.

  • The Customer Experience Challenge with sustainable luxury retail packaging experts Delta Global: where participants were asked to construct a conceptual packaging solution with consideration for longevity of the product and consumer engagement.

“Investment in R&D and circularity innovations must be the first priority of all companies as their collective focus for future-proofing their business,” said Robert Lockyer, Founder, Delta Global. “Delta Global will continue to invest time, mentorship, and knowledge-sharing with best practices to help guide and educate emerging designers. Ultimately we know investing in knowledge makes good business sense and creates a platform for good for the future.”

COLLABORATING TO PUSH SUSTAINABLE FASHION IN CHINA

With China being one of the world’s largest clothing exporters[7], Redress’ collaborations in China also mark important milestones in sustainable development for the fashion industry.

Redress presented results from its industry report at a panel discussion at Fashion Summit Hong Kong, Asia’s sustainable fashion event, as well as at Shanghai Fashion Week.

Demonstrating that collaboration between supportive organisations and knowledgeable designers is key to successful implementation of circular practices, Redress also recently signed a memorandum of understanding with the Shenzhen Garment Industry Association, organisers of Shenzhen Fashion Week.

Editor’s Notes

  • Register to receive Redress’ industry report on the role of circular designers here.
  • Further supporting statistics are here.


[1] International Labour Organization (2022), Greening the Sector
[2] UBS – $2.5trn industry at risk – What if consumers stop buying disposable clothes
[3] UNFCCC (2018), UN Helps Fashion Industry Shift to Low Carbon
[4] World Bank (2019)
[5] EU Science Hub (2018): Sustainable Product Policy
[6] UBS Insights (2023), Perspectives: Fashion industry change
[7] FASH455 Global Apparel & Textile Trade and Sourcing (2015)

Hashtag: #Redress

The issuer is solely responsible for the content of this announcement.

About Redress (www.redress.com.hk)

Redress () is a Hong Kong-headquartered, Asia-focused environmental NGO with a mission to accelerate the change to a circular fashion industry by educating and empowering designers and consumers so as to reduce clothing’s negative environmental impacts.

The Redress Design Award () is the world’s largest sustainable fashion design competition that educates and empowers emerging fashion designers about circular design techniques to reduce fashion’s negative environmental impacts. Organised by Hong Kong-headquartered, Asia-focused environmental NGO Redress annually since 2011, the competition now has over 150 global fashion university partners and attracts designer applicants from over 50 countries and regions to win prizes that connect them with global-leading fashion businesses to accelerate the change to a circular fashion industry.

Japan’s Nuclear Plant Starts 3rd Release of Treated Radioactive Wastewater Into Sea

Aerial view of Fukushima nuclear plant. (Photo/Kyodo News via AP/File)

TOKYO (AP) — The tsunami-damaged Fukushima Daiichi nuclear power plant began its third release of treated and diluted radioactive wastewater into the sea Thursday after Japanese officials said the two earlier releases ended smoothly.

Singapore’s First Legacy Planning Game Championship to Launch in November

SINGAPORE – Media OutReach – 3 November 2023 – Immortalize, Singapore’s most comprehensive elderhood marketplace and information provider, is pleased to announce the start of a nationwide competition for Will of Fortune by Immortalize (“WOFI”), an immersive strategy card game that aims to break down the taboo surrounding legacy planning. The competitions are organized in conjunction with supporters like Metis Global (Singapore) Pte. Limited., and Huttons Asia Pte Ltd.

WOFI was launched earlier in June this year and uses fun, engaging and repeatedly playable content to help people learn about the tools and professionals involved in planning for one’s legacy. To further encourage conversations on this critical but often neglected topic, Immortalize will be holding WOFI Championship tryouts and competitions across the island nation to spur discussions on the importance of legacy planning.

The WOFI Championship is divided into three sub-categories:

  1. General Championship – Open to Singaporeans and foreigners of all ages;
  2. Finance Professionals League – Open to all financial advisors, wealth managers, traders, investment bankers and other professionals in the finance industry; and
  3. Tertiary Education League – Open to all University, Polytechnic and other students undergoing tertiary education.

Winners of the sub-categories will proceed to compete in the WOFI Championship Grand Final where they will vie for the Legacy Grandmaster title. Over SG$10,000 worth of cash, prizes and/or gifts await winners and participants of the WOFI Championships and tryouts.

Metis Global (Singapore) Pte. Limited., a licensed trust company in Singapore, and Huttons Asia Pte Ltd, Singapore’s largest private real estate agency, are the main supporters of the WOFI Championship. Bequest Private Limited, an estate planning firm, is a supporter of the WOFI Championship – Tertiary Education League.

Interested parties can try out the WOFI game at every Immortalize Elderhood Planning Fair, starting from November 10, 2023.

To learn more about WOFI, please visit www.immortalize.io/will-of-fortune.

For more information on WOFI Championships, prizes, and to register, please visit www.immortalize.io/wofi-championships.

For details on Immortalize Elderhood Planning Fair dates and locations, please visit www.immortalize.io/elderhood-planning-fair

The following supporters of WOFI Championships are available for media interviews. Please send requests to hiddi@immortalize.io.

WOFI CHAMPIONSHIP – KEY SUPPORTERS

About Metis Global (Singapore) Pte. Limited (“Metis SG”)
A subsidiary of the Metis Global Group and operating under the Trust Business License issued by the Monetary Authority of Singapore and audited by Ernest & Young. Dr. German Cheung (Founder of Metis Global Group) strongly believes that trusts can be simple and should not be exclusive only to the high-net-worth individuals. This motivated him to venture into the business of providing retail trust solutions since 2013. He has set a vision for the group – “A Trusted Partner in Creating Financial Legacies”.

Metis SG offers simple, accessible, and affordable trust solutions with the aim of enabling more people to have access to the benefits of trust while addressing their financial needs.

Comments from Alex NG, Deputy CEO, Metis SG
“A trust embodies an enduring expression of affection and duty to your loved ones, serving as evidence of your commitment to safeguard and provide for them in your absence. It encapsulates the fundamental essence of estate and legacy planning,” Alex said. “Regrettably, there is limited knowledge and awareness on this subject amongst the general public and I think it is a superb idea to enhance our understanding, whilst at the same time fostering openness and togetherness among friends and family members, by engaging in enjoyable and entertaining educational games like WOFI.”

About Huttons Asia Pte Ltd
Established since 2002, Huttons Group(合登集团)is Singapore’s Largest Private Real Estate Agency and has won numerous awards for innovative technologies and industry first initiatives over the years. In association with Savills, Huttons has more than 5,400 professionals marketing hundreds of local and international projects over 8 countries.

As The Preferred Agency of Choice, Huttons strives to provide the highest level of service to clients through vast knowledge across different market segments, and with empathy. Growing from strength to strength, Huttons is also expanding rapidly and extending their reach abroad, making it a seamless experience for clients to buy and sell properties globally.

Comments from Mark YIP, CEO, Huttons Asia Pte Ltd
“Huttons is proud to be the first and exclusive real estate agency to support this Legacy Planning Card Game initiative and empower the wider public to learn while planning for their own legacy in real life. As a strong advocate of real estate literacy and asset progression, we believe in the importance of associates assisting clients with their entire property portfolios in addition to planning for retirement and beyond,” according to Mark.

“Huttons also conducts regular consumer educational seminars to raise awareness about market sentiments and trends through data analytics. Internally, we will continue to invest in raising the knowledge and skills of our associates so that they can provide prompt and professional assistance at every touchpoint and go the extra mile to deliver a high level of client satisfaction for their next dream home or investment property,” Mark added.

WOFI Championship – Tertiary Education League Supporter

Bequest Private Limited
Founded in 2013, Bequest is recognized as the premier one-stop estate solutions provider in Singapore, offering a full suite of services and solutions for preparing one’s last stage of life to ensure a smooth transition for family members and loved ones.

Hashtag: #Immortalize #WOFIChampionship #WillofFortunebyImmortalize #WOFI #cardgame #Elderhood #legacyplanning #estateplanning #elderhoodplanning



The issuer is solely responsible for the content of this announcement.

About Immortalize

Immortalize is an elderhood marketplace and information provider. Immortalize educates people on what they need to know about legacy, retirement, and eldercare planning, helps them find the right solution providers, and assists them in getting these important matters sorted easily. Immortalize makes ageing easy.”

Bybit Institutional Enhances Trading Experience with Increased Margin Leverage and Transition to USDC Pricing

DUBAI, UNITED ARAB EMIRATES – Media OutReach – 2 November 2023 – Bybit, the world’s third most visited crypto exchange, is thrilled to announce a series of key product updates that will significantly enhance the trading experience for its valued institutional clients, including enhanced margin leverage for OTC loans, and the transition to USDC Index for pricing from the USD Index.

Enhanced Margin Leverage for OTC Loans

Effective immediately, Institutional Loan users can now enjoy an elevated spot margin leverage of up to 5x, an increase from the previous 3x. This adjustment extends to the maximum leverage allowed for margin trading and LOOMUSDT/TRBUSDT Perpetual, providing a broader spectrum of flexibility and potential within trading strategies.

Transition to USDC Pricing

Bybit Institutional has officially transitioned from the USD Index to the USDC Index for pricing in USDC Contracts and Options. This strategic change ensures that index prices, mark prices, and order book quotations for USDC Perpetual Contracts, USDC Futures Contracts, and USDC Options will now be exclusively quoted in USDC. By adopting USDC pricing, Bybit Institutional aims to enhance clarity and consistency in the trading experience for institutional members.

Eugene Cheung, Vice President and Head of Bybit Institutional, said “We are excited to introduce product updates that increase INS Loan margin leverage and transition to USDC pricing. This empowers institutional users with greater flexibility and a more streamlined trading experience. These updates demonstrate our dedication to meeting evolving customer needs and providing advanced trading solutions.”

Hashtag: #Bybit #TheCryptoArk

The issuer is solely responsible for the content of this announcement.

About Bybit

Bybit is a cryptocurrency exchange established in 2018 that offers a professional platform where crypto traders can find an ultra-fast matching engine, excellent customer service and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions, the Oracle Red Bull Racing team, esports teams Astralis, Alliance, Made in Brazil (MIBR), and Oracle Red Bull Racing Esports.

For media inquiries, please contact: For more information please visit: For updates, please follow:

“Grow with Xiaomi”: Xiaomi’s International Internet Partner Strategy for 2024 Announced

SINGAPORE – Media OutReach – 2 November 2023 – On October 20th, Xiaomi Internet Partner Conference (MIPC Singapore 2024) successfully concluded its proceedings in Singapore. The event garnered the participation of over 300 leading partners and developers from more than 30 countries.

Xiaomi MIPC Conference in Singapore - 20 October 2023.jpeg

During the conference, Ms. Liu Chan, General Manager of Xiaomi Internet Business Department, introduced the 2024 International Internet Partner Growth Strategy, titled ‘Grow with Xiaomi.’ This strategic initiative harnesses Xiaomi’s core on-device competencies as a smartphone manufacturer to fully embrace global partners, jointly establishing a preeminent ecosystem for app and game distribution, content delivery, user growth, and monetization services. The ultimate objective is to deliver an exceptional mobile internet service experience to users.

The Xiaomi international Internet business team delivered in-depth presentations on Xiaomi’s global internet services at the conference, which involves its global expansion in key areas including app and game distribution, game publishing, content services, user growth, monetization, and payment solutions. During the event, Xiaomi unveiled three core services: “Global IAP Games Joint Operation”, “Instant Web” and the “Columbus Monetization Platform.” These announcements garnered enthusiastic acclaim from the conference attendees.

In the realm of apps and games distribution, Xiaomi’s official app store, GetApps, has expanded its reach to over 60 global markets, boasting a monthly active user base exceeding 260 million. GetApps has also introduced several innovative features and services, supporting apps & game distribution through short videos and launching an AI-powered app recommendation assistant. During this conference, Xiaomi’s app store officially announced the introduction of the Global IAP Games Joint Operation service, aimed at helping developers acquire high-value users and rapid revenue growth with minimal customer acquisition costs. Additionally, Xiaomi has unveiled a fresh upgrade to the “Voyage Project”, supporting 100 apps and games, each set to benefit from over 10 million downloads on Xiaomi devices.

In the domain of content distribution, Xiaomi has introduced an extensive content service ecosystem that spans multiple devices, providing diverse content through various touch points. This ecosystem includes features like lock screen posters, -1 screen, Web browser, Mi Video, H5 games, and more. By harnessing Xiaomi’s core on-device competencies as a smartphone manufacturer, Xiaomi caters to an extensive user base and generates significant revenues for its partners. Particularly noteworthy is Xiaomi’s latest proprietary web acceleration framework, “Instant Web,” capable of boosting webpage loading speeds by a factor of eight, achieving nearly instantaneous loading times with wide-ranging applications.

In terms of monetization, Xiaomi’s user growth platform capitalizes on the advantages of being a smartphone manufacturer, leveraging its on-device capabilities to address pain points for advertisers and achieve a high return on investment (ROI) in the industry. This platform employs smartphone OEM-specific solutions with benefits from system-level support, operates seamlessly across devices, and uses AI to enhance user growth. During the event, Xiaomi officially introduced the Columbus Monetization Platform, which supports flexible integration, diverse budget options, and real-time bidding, thereby maximizing the attainable commercial value for the developers.

In recent years, Xiaomi’s overseas Internet business has maintained rapid growth and continues to exhibit significant growth potential. According to Xiaomi Corporation’s Q2 2023 quarterly results, the revenue from Xiaomi’s internet services reached RMB 7.4 billion in that quarter, marking a historical high, with a gross profit margin of 74.1%. Notably, overseas Internet revenue grew by 19.7% year-over-year, reaching RMB 2 billion, also a historical high, with overseas Internet revenue accounting for 26.8% of the overall Internet revenue.

Regarding this growth, Ms. Liu Chan stated, “Our sustained growth hinges on our collective effort to continuously create value for all participants in the Xiaomi internet services ecosystem, including our users, partners, and suppliers. It is through this collective engagement that the entire internet ecosystem thrives. We look forward to establishing and deepening collaborations with both new and existing partners to explore new mutually beneficial ways and share the fruits of our global market successes with every industry partner, ultimately enhancing how mobile Internet and digital technology serve our society and every individual.”

Hashtag: #Xiaomi

The issuer is solely responsible for the content of this announcement.

About Xiaomi Corporation

Xiaomi Corporation was founded in April 2010 and listed on the Main Board of the Hong Kong Stock Exchange on July 9, 2018 (1810.HK). Xiaomi is a consumer electronics and smart manufacturing company with smartphones and smart hardware connected by an IoT platform at its core.

With an equal emphasis on innovation and quality, Xiaomi continuously pursues high-quality user experience and operational efficiency. The company relentlessly builds amazing products with honest prices to let everyone in the world enjoy a better life through innovative technology.

As of the second quarter of 2023, Xiaomi ranked among the top 3 in the global smartphone market, in terms of smartphone shipments, according to Canalys. The company has also established the world’s leading consumer AIoT (AI+IoT) platform, with 654.5 million smart devices connected to its platform, excluding smartphones, tablets and laptops, as of June 30, 2023. Xiaomi products are present in more than 100 countries and regions around the world. In August 2023, the company listed as Fortune Global 500 for the 5th consecutive year.

Xiaomi is a constituent of the Hang Seng Index, Hang Seng China Enterprises Index, Hang Seng TECH Index and Hang Seng China 50 Index.

Gentari partners AM Green to drive large-scale green hydrogen production with global reach

KUALA LUMPUR, MALAYSIA – Media OutReach – 2 November 2023 – Gentari Sdn Bhd (Gentari), via its wholly-owned subsidiary Gentari International Renewables Pte Ltd, has entered into an agreement with AM Green BV (AM Green) to jointly invest, in phases, into a green ammonia platform, AM Green Ammonia Holdings BV (AMG Ammonia). AMG Ammonia is established by the founders of Greenko, one of India’s leading renewable energy companies. An affiliate of Singapore investment entity, GIC, is also an investor in AMG Ammonia.

AMG Ammonia is projected to produce 5 million tonnes per annum (MTPA) of green ammonia using round-the-clock renewable energy by 2030. The platform aims to deliver green ammonia, as it is presently the most mature and stable form of transporting hydrogen.

The 5 MTPA of green ammonia produced is equivalent to approximately 1 MTPA of green hydrogen, and would represent 20% of India’s target for green hydrogen production by 2030, or 10% of Europe’s target for imported renewable hydrogen. This size and capacity will place AMG Ammonia among the world’s pioneers in large-scale and cost-competitive green ammonia production. The first export of green ammonia from this platform is targeted by late 2025, and aims to serve key OECD markets, such as Germany, Japan and South Korea, as well as Singapore.

Gentari and AM Green both bring complementary capabilities across the green hydrogen value chain, including renewable energy, electrolysers, and ammonia production and marketing capabilities. The parties will mutually invest in AMG Ammonia, demonstrating full commitment to realise the platform’s potential and expand their presence in Asia Pacific and Europe. Post-investment from Gentari, AM Green and GIC, AMG Ammonia will be a fully funded platform for the targeted ammonia production plan. The platform is expected to invest, in phases, into projects across different locations in India. This will ensure competitive supply of hydrogen to the global market and will be key for manufacturing and exporting green hydrogen in the region.

For Gentari, strong collaborations in its focus market of Malaysia and the broader Asia Pacific, will be vital to delivering its global ambition of up to 1.2 MTPA in clean hydrogen by 2030. In Malaysia, the company sees strong potential for developing a local hydrogen economy. To this end, Gentari has undertaken efforts to position Malaysia as a hydrogen export hub whereby its hydrogen ventures will support a comprehensive national roadmap that includes hydrogen as an energy transition lever for Malaysia.

These efforts include working with Sarawak’s SEDC Energy Sdn Bhd to jointly explore the state’s potential as a green hydrogen production hub. At the same time, Gentari is also collaborating with PETRONAS and Tenaga Nasional Berhad to advance studies on green hydrogen development in Kerteh, Terengganu and Pengerang, Johor towards the creation of a hydrogen economy in Malaysia.

Sushil Purohit, Chief Executive Officer of Gentari, said:

“As Gentari expands our portfolio of clean energy solutions in Malaysia, Asia Pacific and beyond, we believe in the critical importance of industry-level collaborations that combine complementary strengths and unlock synergies. This partnership with AM Green and GIC is a testament to our commitment in accelerating green hydrogen adoption globally, to make an impact in the pursuit of a net zero future. In OECD, Southeast and East Asian economies, green ammonia will address the decarbonisation of industries such as power generation, through co-firing, as well as shipping.”

Anil Chalamalasetty, Founder, Greenko Group and AM Green said:

“We are delighted to partner with Gentari and GIC, to venture into the global low carbon green economy. The commitment from Gentari and GIC underpins Prime Minister Modi’s vision for India to become a leader in global energy transition. This strategic partnership will work to accelerate net zero targets of various industries and several OECD economies. Continuous focus on innovation combined with execution will ensure our venture, AM Green, remains ahead of others in becoming a global clean energy transition solutions platform.”

Gentari was advised by BofA Securities and Shardul Amarchand Mangaldas & Co. Completion of the transaction is subject to the fulfilment of customary condition precedents.

Hashtag: #Gentari

The issuer is solely responsible for the content of this announcement.

Gentari

Gentari is focused on delivering the solutions required to put clean energy into action today, to transform how we live tomorrow. Gentari’s three initial core pillars of Renewable Energy, Hydrogen and Green Mobility form a comprehensive portfolio of solutions to help our customers in their decarbonisation journey. Its global 2030 aspiration is to achieve 30-40 GW of installed capacity in renewable energy, up to 1.2 MTPA of clean hydrogen, and over 10% share of the public charging points and Vehicle-as-a-Service market across key countries in Asia Pacific. In the long term, Gentari aims to be the most valued clean energy solutions partner, creating greater impact, connecting businesses, and making the journey to a net zero future possible.

AM Green

AM Green is indirectly wholly-owned and controlled by the founders of Hyderabad-based Greenko Group – Anil Chalamalasetty and Mahesh Kolli. With their strength in renewable energy and storage as a service model, and track record of energy entrepreneurship, AM Green aims to become one of the most cost-competitive producers of green hydrogen, green ammonia and other green molecules in the world. In India, AM Green is developing production capabilities for green molecules (green hydrogen, green ammonia, biofuels, green caustic soda, e-methanol) for decarbonisation in hard to abate industries. The venture will also set up an international renewables and storage business and a JV for making electrolysers with John Cockerill of Belgium.