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Life Sciences

Metrion completes funding round led by o2h Ventures Therapeutics

Paroma Bhattacharya April 2, 2019
Metrion will welcome o2h Ventures Therapeutics Fund as a new shareholder. Funding will support the expansion of ion channel screening capabilities and continual research into possible drugs for auto-immune illnesses. The specialist ion channel contract research and drug discovery company Metrion Biosciences Ltd has made …
Manufacturing & Construction

Nippon Steel to expand overseas operations, India under prime focus

Paroma Bhattacharya April 1, 2019
The leading Japan-based steel producer, Nippon Steel Corp., has reportedly unveiled plans to bolster its overseas operations, aiming to benefit from the company’s international expansion, given that it has been facing expansive demand at the domestic level. The new President at Nippon Steel, Eiji Hashimoto, …
Power & Energy

U.S. DOE declares a funding of $28M to advance wind energy nationwide

Paroma Bhattacharya March 31, 2019
The U.S. Department of Energy (DOE) has reportedly announced its proposal to raise up to $28.1 million in funding for the advancement of wind energy throughout the nation, including the offshore, land-based and distributed wind sectors. As per trusted sources, utility-scale wind energy in the …
Power & Energy

Qatar’s Nakilat and Maran Ventures establish a new joint venture

Paroma Bhattacharya March 29, 2019
The four LNG vessels under construction in South Korea would have 173,400 m3 of cargo capacity Qatar-based marine firm Nakilat has announced that it has formed a new joint venture with the shipping company Maran ventures. Reportedly, the new joint venture will be called Global …
Power & Energy

Enel Green Power acquires renewable energy partner Tradewind Energy

Paroma Bhattacharya March 29, 2019
Enel is looking forward to increasing nearly 1 gigawatt of renewable energy capacity every year during the 2019 – 2021 period. Enel Green Power, Italian multinational renewable energy enterprise has completed acquisition agreement with its long-time partner the U.S. based Tradewind Energy. This pact underscores …
Manufacturing & Construction

Enbridge receives Minnesota regulators’ approval for pipeline project

Paroma Bhattacharya March 28, 2019
Enbridge is ensnared in the need to procure several federal and state permits, pushing back the pipeline’s operational date. Minnesota Utility Regulators has finally quit the approval process of Enbridge’s latest oil pipeline that has dragged on for years. Before bowing out of the controversy, …
Manufacturing & Construction

U.S. DOE announces up to $70 million for Cybersecurity Institute

Paroma Bhattacharya March 28, 2019
Manufacturing and industrial sectors consume around 25 percent energy of the country which makes energy efficiency an important issue On March 26, the U.S. Department of Energy (DOE) has announced to fund $70 million for a Clean Energy Manufacturing Innovation Institute to develop technologies for …
Power & Energy

Kalpataru Power to acquire 85% stake in Swedish firm Linjemontage

Paroma Bhattacharya March 27, 2019
The acquisition comes as part of KPTL’s vision to expand its presence in Nordic countries and Europe. Mumbai-based power transmission & infrastructure EPC company, Kalpataru Power Transmission Ltd. has recently inked a deal to acquire 85% equity stake in Swedish powers solutions & systems firm …
Food & Beverages

Nestlé Waters North America announces expansion of ReadyRefresh®

Paroma Bhattacharya March 27, 2019
ReadyRefresh is a delivery service by Nestlé Waters North America which provides water and refreshing beverages directly to the homes of consumers and offices. Nestlé Waters North America (NWNA) has announced its plans to expand ReadyRefresh® by Nestle® operations with the acquisition of Diamond Springs water and …

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