HONG KONG, Oct. 8, 2025 /PRNewswire/ — Ping An of China Asset Management (Hong Kong) Company Limited (“PAAMC HK”), the offshore asset management arm of Ping An Insurance (Group) Company of China, Ltd. (“Ping An“), is pleased to announce that its flagship exchange-traded fund, Ping An of China CSI HK Dividend ETF (3070/9070) (the “HK Dividend ETF”), has been named “Outstanding Achiever” in the Hong Kong Equity category at the BENCHMARK Fund of the Year Awards 2024 – Top ETF Funds.
This new accolade follows on the ETF’s consecutive “Best Performer” wins in the Equity – ETFs (NAV Total Return 1 Year) category at the Bloomberg Businessweek (Chinese Edition) Top Fund Awards in both 2023 and 2024, underscoring the fund’s sustained performance, disciplined strategy, and its appeal to investors seeking high-dividend exposure in the Hong Kong market.
Launched in February 2012, Ping An of China CSI HK Dividend ETF (3070/9070) is the longest running ETF among those listed in Hong Kong that focus on high dividend yield. The fund holds Morningstar’s highest 5‑star rating and has demonstrated resilient performance across market cycles. The HK Dividend ETF has been eligible under the new Capital Investment Entrant Scheme (CIES) for more than 10 years, and has also been included in the Southbound-traded Stock Connect Scheme (the “Scheme”) since July 2024.
The HK Dividend ETF aims to track the performance of CSI HK Dividend Index (the “Underlying Index”), launched on 23 July 2009. The Underlying Index seeks to reflect the performance of high dividend yield securities in the Hong Kong market by selecting the 30 securities with high dividend yield, stable dividend payment and good liquidity from the entire universe of securities listed on the Stock Exchange of Hong Kong.
“It is a great honor to be recognized by BENCHMARK as an Outstanding Achiever,” said Mr. Albert Wang, Head of Capital Markets and CIO of PAAMC HK. “The HK Dividend ETF offers a resilient option for investors seeking income and stability especially amid market volatility and economic uncertainty. We are committed to broadening our offerings with innovative products that meet shifting market dynamics and the diverse needs of investors.”
The 2024 BENCHMARK Fund of the Year Award seeks to recognise outstanding mutual funds, MPF funds and ETF providers based on quantitative data in the BlueOnion fund database, with the assessment period from January 1, 2024 to December 31, 2024. This year’s awards celebrated innovation, resilience, and sustainability, recognizing fund strategies that excel in investment performance, risk management, and ESG practices.
New Infobip study reveals supporters feel ‘disconnected’ and ‘priced out’
KUALA LUMPUR, Malaysia, Oct. 8, 2025 /PRNewswire/ — A new research commissioned by global cloud communications platform Infobip reveals a growing demand among sports fans for always-on, personalized engagement with their favorite teams. The global study shows that two-thirds (66%) of fans feel disconnected due to poor club communication, rising to 81% among those under 35. The research of 1,500 American football, baseball, soccer, and cricket fans across the US, Europe, and India, uncovers widespread frustration with generic, one-way communication and a strong appetite for deeper relationships with clubs beyond game days.
New Infobip study reveals supporters feel ‘disconnected’ and ‘priced out’
More than 70% of fans want ongoing communication during the off-season, including behind-the-scenes content and personal stories from players. Meanwhile, 82% currently use social media to follow their teams, though many expressed interest in richer, exclusive content through direct messaging and mobile apps.
Many described current engagement as transactional and impersonal, with nearly half feeling like “just a number.” Affordability also emerged as a major barrier — 61% of fans overall said rising costs of subscriptions, tickets, and merchandise are pricing them out of the game.
Driven by a desire to better understand evolving fan needs and explore how technology can reshape sports engagement, the study highlights a significant opportunity for clubs to boost loyalty and fan satisfaction through digital innovation and personalized communication.
Ervin Jagatić, Product Director at Infobip, said:“Fans want a deeper, two-way relationship with their teams that keeps them engaged throughout the year, not just on match days. With AI and other new technology, such as Conversational AI Gamification, sports organizations can create personalized, real-time fan experiences that build loyalty and drive participation. Infobip’s AI-driven chatbots on platforms like WhatsApp and Rich Communication Services (RCS) enable fans to instantly ask questions, access exclusive content, and receive updates 24/7.”
Infobip’s platform empowers teams to deliver this next-generation engagement — from real-time match alerts and early ticket sales to seamless personalized support. The result: stronger fan relationships, increased merchandise sales, higher viewership, and new revenue streams.
Infobip is already transforming fan engagement for major sports organizations worldwide. For the MoneyGram Haas F1 Team, Infobip deploys AI-powered chatbots and messaging platforms like WhatsApp to offer real-time interaction, including the upcoming ‘RaceMate’ AI companion and an interactive AI version of F1 driver Oliver Bearman that bring fans closer to the team. In the US, Infobip partners with the Los Angeles Chargers to enhance fan communication through Apple Messages for Business, delivering exclusive content and instant updates.
Meanwhile, in Latin America, Infobip teamed up with Claro Sports to develop a sophisticated AI-powered chatbot using Google’s Rich Communication Services (RCS), offering Mexican sports fans real-time scores, athlete notifications, and interactive experiences across multiple messaging channels.
Infobip is a global cloud communications platform that enables businesses to build connected experiences across all stages of the customer journey. Accessed through a single platform, Infobip’s omnichannel engagement, identity, user authentication and contact centre solutions help businesses and partners overcome the complexity of consumer communications to grow business and increase loyalty. It offers natively built technology with the capacity to reach over seven billion mobile devices and ‘things’ in 6 continents connected to over 9,700+ connections of which 800+ are direct operator connections. Infobip was established in 2006 and is led by its co-founders, CEO Silvio Kutić and Izabel Jelenić.
Recent award wins include:
Infobip named a Leader in the Gartner® Magic Quadrant™ for Communications Platform as a Service (CPaaS) for the third consecutive year. In 2025, positioned furthest in Completeness of Vision (July 2025)
Infobip named among Top 75 in Fortune’s Europe’s Most Innovative Companies 2025, placing it in the top 25% of all listed organizations (June 2025)
Infobip ranked as a Leader in the Omdia CPaaS Universe Report for the third time (April 2025)
Infobip ranked an Established Leader in the Juniper Research Conversational AI Leaderboard (Feb 2025)
Infobip named a CPaaS Leader for the third time in the IDC MarketScape (Feb 2025)
Infobip named one of the top CPaaS providers in Metrigy’s CPaaS MetriRank Report (Dec 2024)
Infobip named number one among Established Leaders in RCS Business Messaging in Juniper Research’s RCS Business Messaging Competitor Leaderboard 2024 (Nov 2024)
Infobip recognized as the number one provider in the AIT Fraud Prevention market by Juniper Research (Oct 2024)
Infobip named to Fast Company’s Annual List of the World’s Most Innovative Companies (March 2024)
Championing holistic well-being and sustainable living Building for a healthier future
HONG KONG, Oct. 8, 2025 /PRNewswire/ — AXA Hong Kong and Macau (AXA) is excited to announce the return of its annual community event, the AXA BetterMe Weekend. Now in its fifth year, the carnival underscores AXA’s commitment to promoting holistic well-being and advancing sustainable development within the community. This milestone edition will be held on 25 to 26 October (Saturday and Sunday) at AXA WONDERLAND, WestK, and feature AXA brand ambassador and award-winning actress and singer Sammi Cheng as the opening act. Admission is free and no pre-registration required, welcoming the public to enjoy a vibrant weekend of positivity, connection, and family-friendly activities.
Since its launch in 2021, this initiative has been held annually in October to coincide with World Mental Health Day, raising awareness of mental well-being while actively promoting environmental protection and sustainable living. This beloved now a well-regarded community event in Hong Kong, it has become a key platform for AXA to champion holistic health. Last year’s edition attracted a record attendance of nearly 13,000 participants. This year’s theme, “AXA BetterMe Express,” continues to focus on three core pillars: “Mind Health”, “Physical Health”, and “Sustainable Living”. Through a wide range of engaging activities — including interactive booths, stage performances, complimentary workshops, and recreational facilities — participants will enjoy a vibrant and educational experience that highlights the intrinsic link between mental and physical well-being and environmental sustainability.
Sally Wan, Chief Executive Officer, AXA Greater China, said, “AXA remains deeply committed to promoting holistic health — encompassing physical, mental, and spiritual well-being. Our annual ‘AXA BetterMe Weekend’ serves as a key platform to advocate for healthier living and foster positive energy across society through meaningful partnerships. It is also our way of giving back, turning our commitment into tangible action for the community. As we celebrate the fifth anniversary of this initiative, we reaffirm our longstanding dedication to community health and sustainability. True wellness extends beyond individual well-being to include the health of our planet. Through this weekend’s diverse programme of activities, we aim to inspire healthier lifestyles and mindsets, encouraging everyone to reflect on their environmental impact as we work together towards a more resilient and sustainable future.”
The event will feature a vibrant line-up of family-friendly activities, including a grand parade, bubble shows, busking, and giant bouncy castles. In partnership with Liverpool FC International Academy (Hong Kong), the Soccer Clinic will promote sports engagement through interactive games, offering children valuable hands-on training experiences. Participants can enjoy themed photo spots, large-scale amusement attractions, and a variety of game booths. To commemorate the fifth anniversary, exclusive memorabilia will be offered to participants who complete designated challenges.
AXA has also partnered with ELEMENTS, Green Power, Hong Kong Express, Hong Kong Swimming Academy, Klook and other partners to present a diverse range of booths promoting physical wellness, mental health, and sustainable living. Visitors will have the opportunity to win exciting rewards — including airline tickets, travel gift cards, dining vouchers, and more. This vibrant celebration of health and well-being offers something for everyone — don’t miss the chance to take part.
The event[1]will be open to the public from 12:30 PM to 7:30 PM, with complimentary shuttle bus services operating to and from MTR Kowloon Station. For further details on the AXA BetterMe Weekend and transportation arrangements, please visit: https://www.axa.com.hk/en/betterme-weekend-2025
About AXA Hong Kong and Macau
AXA Hong Kong and Macau is a member of the AXA Group, a leading global insurer with presence in 50 markets and serving 95 million customers worldwide. Our purpose is to act for human progress by protecting what matters.
As one of the most diversified insurers in Hong Kong, we offer integrated solutions across Life, Health and General Insurance. We are the largest General Insurance provider and a major Health and Employee Benefits provider. Our aim is to not only be the insurer to provide comprehensive protection to our customers, but also a holistic partner to the individuals, businesses and community we serve. At the core of our service commitment is continuous product & service innovation and customer experience enrichment, which is achieved through actively listening to our customers’ needs and leveraging and investing in technology and digital transformation.
We embrace our responsibility to be a driving force against climate change and a force for good to create shared value for our community. We are proud to be the first to address the importance of mental health through different products and services and thought leading iconic research. Our overall Sustainability Strategy, with emphasis on climate strategy and biodiversity commitment, is developed based on TCFD recommendations. We are committed to integrating environmental, social and governance factors across our business and strive to contribute to a sustainable future through 3 distinct roles – as an investor, an insurer and an exemplary company.
THIS PRESS RELEASE IS AVAILABLE ON AXA’S WEBSITE: AXA.COM.HK
IMPORTANT LEGAL INFORMATION AND CAUTIONARY STATEMENTS CONCERNING FORWARD-LOOKING STATEMENTS
Certain statements contained herein may be forward-looking statements including, but not limited to, statements that are predictions of or indicate future events, trends, plans or objectives. Undue reliance should not be placed on such statements because, by their nature, they are subject to known and unknown risks and uncertainties and can be affected by other factors that could cause AXA’s actual results to differ materially from those expressed or implied in the forward-looking statements. Please refer to Part 4 – “Risk factors and risk management” of AXA’s Universal Registration Document for the year ended December 31, 2020, for a description of certain important factors, risks and uncertainties that may affect AXA’s business, and/or results of operations. AXA undertakes no obligation to publicly update or revise any of these forward-looking statements, whether to reflect new information, future events or circumstances or otherwise, except as part of applicable regulatory or legal obligations.
Travel Pro parametric insurance integrates into the travel booking process, providing quick payouts, weather guarantees, and medical emergency relief without calls, forms or hassle
LISBON, Portugal, Oct. 8, 2025 /PRNewswire/ — Chubb today announced at the World Aviation Festival in Lisbon, the launch of Travel Pro, a new suite of travel insurance products designed to address the most common challenges faced by world travelers. Travel Pro simplifies travel insurance and provides peace of mind by mitigating disruptions like flight delays and baggage issues, unpredictable weather, and medical emergencies.
Travel Pro is a digital-first, parametric insurance solution that can be embedded directly into the travel booking process through partnerships with airlines, online travel agencies, financial institutions, and other digital sales channels. It also streamlines the claims process, offering features like automatic claims with quick payouts and expense reimbursements. The integration is powered by Chubb Studio®, the company’s market-leading tech platform for embedded insurance partnerships.
“Today’s travelers face a myriad of challenges, from flight delays and cancellations to lost luggage and medical emergencies worldwide,” said Alex Blake, Chubb’s Global Head of Travel Insurance. “With Travel Pro, we’re harnessing data and technology so travelers can navigate their journeys with greater confidence against unexpected disruptions.”
Key Travel Pro features include:
Coverage Options: Flexible delay thresholds, customizable from minutes to hours
Quick Payouts: Choose from airline miles, lounge access, direct debit, virtual cards, or e-vouchers
Baggage Delay: Real-time baggage tracking, quick claim payouts and assistance with retrieving lost luggage
Weather Guarantee: Automatic payouts for travel disruptions caused by inclement weather
Medical Emergencies: Immediate financial relief for medical reimbursement claims, with quick payouts
For additional information on Chubb’s digital travel insurance solutions visit the Chubb Studio website.
About Chubb Chubb is a world leader in insurance. With operations in 54 countries and territories, Chubb provides commercial and personal property and casualty insurance, personal accident and supplemental health insurance, reinsurance and life insurance to a diverse group of clients. The company is defined by its extensive product and service offerings, broad distribution capabilities, exceptional financial strength and local operations globally. Parent company Chubb Limited is listed on the New York Stock Exchange (NYSE: CB) and is a component of the S&P 500 index. Chubb employs approximately 43,000 people worldwide. Additional information can be found at: www.chubb.com.
HUNG YEN, VIETNAM – Media OutReach Newswire – 8 October 2025 – Hung Yen has recently emerged as one of the leading destinations for foreign direct investment (FDI) in northern Vietnam. With its strategic location, continuously improving infrastructure, and investor-friendly policies, the province has become an attractive choice for major corporations from the United States, Japan, South Korea, Singapore, and beyond.
A corner of the existing Thai Binh Economic Zone, which Hung Yen plans to transform into a Free Economic Zone. Photo: VNA
A new “magnet” for FDI in northern Vietnam
Recently, Hung Yen’s FDI landscape has become more dynamic, with an increasing number of multinational corporations choosing the province as their investment destination.
Among the prominent companies investing in Hung Yen is The Trump Organization (USA), owned by the family of U.S. President Donald Trump. In mid-May 2025, The Trump Organization and Hung Yen Hospitality, a subsidiary of Kinh Bac City Development Holding Corporation (KBC), broke ground on the Trump International Hung Yen project in Khoai Chau District, with total investment exceeding USD 1.5 billion. This will be the first golf course, villa, and resort project under the Trump brand in Vietnam.
Experts believe that The Trump Organization’s decision to invest in Hung Yen not only enhances the province’s profile on the international investment map but also provides a significant boost to its economic growth and local economic restructuring.
In addition to The Trump Organization, numerous other multinational corporations, such as Hyundai, Canon, Toto, Inax, Dorco, and Sumitomo, have established manufacturing plants in Hung Yen, attracting the interest of other businesses from the Netherlands, Australia, and Japan. These companies are flocking to Hung Yen to explore investment and business collaboration opportunities.
As a result, according to the Foreign Investment Agency, Hung Yen currently hosts 934 FDI projects, with total registered capital exceeding USD 15.85 billion, placing the province among the top 10 FDI recipients nationwide. In the first seven months of this year alone, Hung Yen attracted 91 new FDI projects, with a combined investment of over USD 1.33 billion, marking a 36% increase compared to the same period last year. This growth has propelled Hung Yen to 6th place nationwide in terms of foreign investment attraction.
Factors that make Hung Yen province a bright spot for FDI
Experts point to several factors that have helped make Hung Yen one of the top “magnets” for FDI in northern Vietnam. First and foremost, the province has a relatively well-developed industrial and service infrastructure, and is strategically located within the Hanoi-Hai Phong-Quang Ninh Economic Triangle. Particularly after merging with Thai Binh Province, the new Hung Yen has further reinforced its role as an industrial hub, boasting a developed transportation infrastructure that includes highways, coastal roads, and key rail lines, all of which help businesses reduce transportation time and logistics costs.
In addition to its strategic location, foreign investors highly value Hung Yen’s abundant and stable labor force. With a population of over 3 million, the province boasts a young, well-trained workforce ready to meet the needs of modern industries.
Moreover, Hung Yen is an investor-friendly province with favorable FDI policies. The local government has proactively reformed administrative procedures, cutting processing times and business costs by at least 30%, while providing continuous support to businesses throughout their project lifecycles. In 2024, Hung Yen’s Provincial Competitiveness Index (PCI) ranked in the top 10 nationwide for the first time.
During a meeting with Mr. Remon Vos, CEO of CTP – a leading European corporation in industrial real estate development and logistics based in the Netherlands – in August, Nguyen Le Huy, Vice Chairman of the Hung Yen Provincial People’s Committee, emphasized the province’s strategic location and strong connectivity to Hanoi and the northern delta, offering significant advantages for the development of industry and services. In particular, the ongoing development of highways and coastal roads is expected to further enhance the province’s appeal to investors.
He also pledged to create a transparent and investor-friendly environment for international businesses looking to invest in Hung Yen.
Currently, Hung Yen is focusing on the development of modern industrial parks, industrial clusters, and free economic zones, particularly those linked to high-tech industries, clean industries, supporting industries, and logistics services. Notably, the province is studying the feasibility of establishing the Hung Yen Free Economic Zone based on the current Thai Binh Economic Zone. If approved, the Hung Yen Free Economic Zone is expected to become one of the most dynamic and investor-friendly zones in Vietnam, particularly for foreign investors.
Alongside its FDI attraction efforts, Hung Yen is also focused on sustainable development, prioritizing environmental protection, building green industrial parks, improving residents’ quality of life, and positioning itself to become a modern industrial province with the largest economic scale in Vietnam by 2030.
With robust progress in attracting FDI, the emergence of billion-dollar projects, and an increasingly improved investment environment, Hung Yen is solidifying its position as a leading destination for foreign investment in the country. In the near future, once the Hung Yen Free Economic Zone is officially established and infrastructure continues to improve, the province is set to become a modern industrial and service hub in Vietnam, driving new development momentum for the entire Red River Delta region.
The issuer is solely responsible for the content of this announcement.
PRAGUE, Oct. 8, 2025 /PRNewswire/ — BTL Group, a global leader in medical solutions, today announced that it has initiated an international patent infringement action before the Unified Patent Court against Lexter Microelectronic Engineering Systems S.L., the manufacturer of the WonderFace device.
The lawsuit is based on BTL’s patents related to its EMFACE® technology1. EMFACE® revolutionized facial lifting procedures by combining selective muscle stimulation with radiofrequency heating in distinct hands-free applicators, establishing an entirely new category of facial procedures.
“We will vigorously defend our intellectual property to protect the investments of our clients. This lawsuit marks the beginning of our broader effort to take legal action against any third party that we believe infringes upon our innovations,” said Tomas Schwarz, CEO of the BTL Enterprise Group.
The action is intended to prevent WonderFace systems from being distributed across multiple countries. A ruling in this case will have direct effect in 18 jurisdictions, underscoring the significant reach and impact of this enforcement effort.
For more information about EMFACE, visit www.emface.com.
1EP 4 426 414 and EP 4 146 335
About BTL
Founded in 1993, BTL is a global leader in medical devices, providing innovative solutions in dermatology, plastic surgery, med spas, orthopaedics, joint and spine care, rehabilitation, dentistry, primary care, OB/GYN, and more. With more than 200 patents and over 600 in-house engineers, BTL leverages technology and science to advance medical treatments. Its product portfolio includes EMFACE®, EXION®, EMSCULPT NEO®, EXOMIND®, EMSELLA®, and others.
HONG KONG SAR – Media OutReach Newswire – 8 October 2025 – Gaw Capital Partners, a leading multi-asset investment management firm, is pleased to announce the formation of Nauticus Education Group, a new Hong Kong headquartered education holding company. Nauticus Education Group is driven by a clear mission: to elevate the standard of learning by partnering with top-tier institutions and pioneering education providers. The Group aims to deliver innovative, accessible, and high-quality education solutions that meet the diverse needs of students and families across Asia Pacific and the Middle East.
Samuel Chan, CEO of Nauticus Education Group, and Christina Gaw, Managing Principal, Global Head of Capital Markets, and Co-Chair of Alternative Investments at Gaw Capital Partners
Nauticus Education Group will serve as an evergreen education investment holding platform, with plans to execute its robust pipeline of opportunities across these regions. Proceeds from Nauticus investment will be used to expand the region’s education presence and service offerings, as well as to pursue additional growth initiatives. Nauticus Education Group will primarily focus on three verticals: Education Services, K-12, and Early Childhood Education.
As part of this strategic plan, Samuel Sze Ming Chan, a renowned educationalist and founder of Asia-based education consultancy firm Britannia StudyLink, will be appointed as the CEO of Nauticus Education Group, where he will play a pivotal role in driving the platform’s growth and executing its vision to become an undisputable leader in education services.
Building on Gaw Capital’s recent expansion in the Middle East, given its vast potential for growth and innovation, the firm sees significant opportunities in the Middle East’s education sector in addition to the real estate sector, where favorable demographics and robust government initiatives are fostering a supportive environment for high-quality education platforms.
Christina Gaw, Managing Principal, Global Head of Capital Markets, and Co-Chair of Alternative Investments at Gaw Capital Partners, said: “The launch of Nauticus Education Group represents our bold vision to leverage Hong Kong’s reputation as a leading education hub to build an education platform across Asia and the Middle East. This initiative underscores our long-term conviction in the education sector and our commitment to building a comprehensive platform that brings high-quality education services to students and families across Asia Pacific and the Global South, including the Middle East.”
Herbin Koh, Head of Private Equity and Growth Equity, Deputy Head of Infrastructure at Gaw Capital, added: “Gaw Capital will leverage its global network, capital resources, and operational expertise to consolidate its education and social infrastructure endeavors via Nauticus Education Group, working alongside Samuel to drive organic and inorganic growth across the three verticals. The formation of the holding company builds on the back of our commitment to bridge the strength of Gaw Capital’s global platform into the Middle East, which has seen very strong macro tailwinds for the sector in recent years.”
Samuel Chan, Founder of Britannia StudyLink and CEO of Nauticus Education Group, commented: “Hong Kong has long been a hub for education services and centers, known for its exceptional after-school programs and consultancy expertise. With Gaw Capital’s extensive resources, Nauticus Education Group will create a scalable, high-impact education platform that supports students, empower families, and contributes to the development of the wider education ecosystem.”
Nauticus Education Group is committed to building a robust education ecosystem that brings high-quality education services to students and families across these regions. Its strategy focuses on bringing the best of Hong Kong’s education services to new markets, including Japan, Thailand, Vietnam, and the Middle East, while also introducing leading offshore institutions to Hong Kong and the Middle East. This two-way approach ensures families gain wider access to quality education resources and services tailored to their needs.
The issuer is solely responsible for the content of this announcement.
About Gaw Capital Partners
Based in Asia, Gaw Capital Partners is a multi-asset investment management firm focusing on real estate, growth equity, private credit and infrastructure markets globally.
Since its inception in 2005, the firm has raised seven commingled funds targeting Asia Pacific, alongside value-add /opportunistic funds in the U.S., a Pan-Asia Hospitality Fund, a European Hospitality Fund, a Growth Equity Fund and a Credit Fund. It also manages credit strategies and separate account direct investments globally.
Gaw Capital has consistently generated high yields by revitalizing underperforming assets, enhancing value through creative financing solutions and leveraging deep expertise in capital allocation.
Since 2005, the firm has managed US$35.8 billion in assets and raised US$24.4 billion in equity as of Q2 2025.
DUSSELDORF, Germany, Oct. 8, 2025 /PRNewswire/ — Covation Biomaterials LLC (“CovationBio® “), a biomaterials company with advanced technology in the bio-based materials industry, is excited to share project milestones and updates for their newest innovation, CovationBio® bioPTMEG at K 2025, the world’s leading trade fair for plastics and rubber.
First announced at ChinaPlas in April 2025, CovationBio® bioPTMEG is an advanced, sustainable polytetramethylene ether glycol (PTMEG), that delivers high performance with a significantly lower production emissions compared with fossil-based incumbents.
“Through continued work with our customers, we are achieving significant milestones against the goal of making bioPTMEG commercially available. Specifically, CovationBio® bioPTMEG, a sustainable PTMEG product utilizing advanced technology, delivering peak performance with the lowest environmental impact. It truly redefines what’s possible from biobased materials,” said Feifeng You, President of CovationBio.
CovationBio® bioPTMEG is a bio-based alternative to fossil-based PTMEG, helping customers reduce their reliance on non-renewable materials and maintain the durability and resilience expected in high performance applications such as spandex, polyurethanes and thermoplastic elastomers.
A few of the superior sustainability benefits offered include:
a substantial reduction of greenhouse gas emissions compared to fossil-based incumbents;
a product that is 100% bio-based and obtained from annually renewable resources;
the use of feedstock such as corncobs which do not compete with primary food sources;
a reduced reliance on non-renewable fossil fuel use.
Drop-in performance to allow downstream customers to switch to bio-based raw material without major process change.
As earlier announced at ChinaPlas 2025, the construction of a dedicated manufacturing facility for CovationBio® bioPTMEG which is expected to be mechanically complete toward the end of 2025. It is located in Jiangsu Province, Qidong. Commercial production should begin in the first half of 2026.
Aligned with this year’s K Show theme, “The Power of Plastics! Green – Smart – Responsible,” our Covation Biomaterials team are ready to share more about how CovationBio® bioPTMEG can integrate into downstream high performance materials such as TPU, PU, COPE, COPA and spandex to advance sustainability strategies with our value chain partners in multiple applications.
Please visit the team in Hall 5, Booth C07-1.
On October 10th 2025, Dr. Mosha Zhao, Global Marketing Director for C4 Platform, and Dr. Dan Slanac, Global Technology Director of CovationBio, will introduce this innovation journey from non-food bio-based feedstock to renewable raw materials: Redefine What’s Possible to Reduce Carbon Footprint at the Bioplastics Business Breakfast Days Conference (Congress Centre, Hall 1).
Disclaimer: The statements above are taken from the product’s life cycle analysis (LCA) and product performances are based on tests by Covation Biomaterials LLC and TrueNorth Collective LLC.
About CovationBio® Founded in 2022, in Newark, Delaware, Covation Biomaterials LLC is a biomaterials company with advanced technology in the bio-based materials industry, offering a product portfolio of high-performance, sustainable solutions. The company builds on its rich DuPont legacy of groundbreaking scientific innovation and continues to deliver novel solutions at scale across multiple industries, including apparel, carpeting, cosmetics, food, and packaging. Through the Sorona®, Susterra® and Zemea® product lines, the mission of CovationBio® is to deliver building blocks that will enable customers to provide bio-based products accessible to everyone. Covation, CovationBio®, Sorona, Susterra, and Zemea are trademarks of Covation Biomaterials LLC or their affiliates. For more information about Covation Biomaterials, please visit CovationBio.com and follow on WeChat, LinkedIn, Instagram, and Facebook
