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Government of Canada welcomes Rio Tinto project that will reduce GHG emissions and expand manufacturing of low-carbon aluminum

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6 months ago

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Rio Tinto continues to position itself as a key player in the global low-carbon economy

JONQUIÈRE, QC, June 28, 2024 /CNW/ – Decarbonizing the production of critical minerals and metals is essential to achieving Canada’s climate goals. Canada is the fourth-largest producer of primary aluminum in the world. As a long-standing supplier of strategic metals to the United States and across the North American industrial supply base, Canada must ensure that it can continue to provide aluminum products to critical sectors such as automotive and transportation, energy, and infrastructure. By supporting clean technologies and advanced manufacturing, the government will continue creating good middle-class jobs, strengthening our economy and building a greener future for all Canadians.

Today, the Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry, welcomed Rio Tinto’s plan to expand production capacity for low-carbon aluminum in Canada. This project is another key step in the implementation of the groundbreaking ELYSIS™ smelting technology across Rio Tinto operations in the province of Quebec.

Once fully developed and implemented, the ELYSIS™ technology would eliminate almost all emissions associated with the Canadian aluminum industry’s smelting carbon footprint. The world-leading net-zero aluminum smelting technology will reinvent the chemistry of aluminum production by removing carbon from the chemical process and producing only oxygen as an output.

Today’s announcement represents another significant step forward as the Government of Canada continues to position Canada for success with a cleaner, stronger and better-prepared economy—one that is competitive in a low-carbon world.

Quotes

“Canada has all it takes to be the global green supplier of choice, which is why our government is collaborating with key industry actors like Rio Tinto to produce low- carbon aluminium. Groundbreaking projects such as the ELYSIS™ smelting technology will ensure Canada remains at the forefront of the economy of tomorrow while also staying focused on its carbon reduction goals. When economic benefits are paired with a commitment to developing green solutions, it’s a win for Canadian industry, our cleantech ecosystem and our workers.”
– The Honourable François-Philippe Champagne, Minister of Innovation, Science and Industry

“At the heart of our government’s economic plan is building an economy where Canadian workers benefit. That is why we’re seizing the opportunities to decarbonize Canada’s critical minerals and mining sector, create good-paying jobs—especially union jobs—and ensure Canadian workers and industry remain at the forefront of the global economy.”
– The Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance

“ELYSIS™ is truly a disruptive technology for the industry, and it’s thanks to Quebec’s expertise that we are the first in the world to produce aluminum that is free of greenhouse gases. It’s a technological innovation with unprecedented benefits for our aluminum industry, which remains an undisputed world leader.”
– Pierre Fitzgibbon, Quebec Minister of Economy, Innovation and Energy, Minister Responsible for Regional Economic Development and Minister Responsible for the Metropolis and the Montréal Region

“This investment will further strengthen Rio Tinto’s industry-leading position in low-carbon, responsible aluminum production in North America with our hydro-powered smelters and our recycling capacity. Becoming the first to deploy the ELYSIS™ carbon-free smelting technology is the next step in our strategy to decarbonize and grow our Canadian aluminum operations. In addition to helping us deliver even lower–carbon primary aluminum for our customers, this investment will allow Rio Tinto to build its expertise in installing and operating this new technology, while the ELYSIS joint venture continues its research and development work to scale it up to its full potential.”
– Jérôme Pécresse, Chief Executive, Rio Tinto Aluminium

Quick facts

With more than 10,000 employees working at over 35 sites across Canada, Rio Tinto is one of the most important metals and minerals producers operating in Canada today.Rio Tinto Alcan (RTA) is the Canadian subsidiary of the multinational Australian mining company, the world’s second-largest aluminum producer outside of China. It has a significant presence in Canada, sources 42% of its inputs from Canadian suppliers, and exports products to approximately 16 countries. Quebec’s Saguenay–Lac-Saint-Jean region is central to RTA’s aluminum business and is responsible for approximately half of its global aluminum production. RTA is also an important hydroelectricity producer.The United States was Canada’s largest export destination for aluminum products in 2022, accounting for 92% of the total value of aluminum exports, followed by Mexico (3%), and Hong Kong (1%).Through the 2030 Emissions Reduction Plan and the Critical Minerals Strategy, Canada is on track to achieve its goal of cutting emissions by 40 to 45% below 2005 levels by 2030.To strengthen its alignment with the Paris Agreement, RTA announced self-imposed greenhouse gas (GHG) reduction targets of 15% in 2025, 50% in 2030 and net zero by 2050.The Government of Canada has provided funding to ELYSIS Limited Partnership, a joint-venture technology partnership between Rio Tinto and Alcoa, to produce the world’s first true net-zero aluminum smelting technology.In October 2022, the government announced up to $222 million in funding through the Strategic Innovation Fund to help Rio Tinto Fer et Titane, a subsidiary of Rio Tinto, decarbonize and increase its production of critical minerals, including lithium, titanium and scandium.

Associated links

Rio Tinto CanadaBudget 2022 backgrounder: Clean Air and a Strong Economy2030 Emissions Reduction Plan

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SOURCE Innovation, Science and Economic Development Canada

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ZINZINO AB (PUBL.): ENTERS INTO AGREEMENT TO PROVIDE DIP FINANCING TO ZURVITA INITIATING CHAPTER 11 PROCESS

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9 minutes ago

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December 22, 2024

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GOTHENBURG, Sweden, Dec. 22, 2024 /PRNewswire/ — Zinzino has in a press release dated 20240617 announced that a letter of intent to acquire 100% of the shares in the North American direct selling company Zurvita Inc. “Zurvita or the Company” was signed. Since then, Zinzino has negotiated with the owners of Zurvita Inc. and instead concluded that the purchase of Zurvita’s assets in a Chapter 11 proceeding for the Company is in Zinzino’s best interest.

Zinzino is providing a debtor-in-possession (DIP) financing to Zurvita, which filed for Chapter 11 bankruptcy proceedings on the 20th December 2024. By entering as a financier in Zurvita’s Chapter 11 with loans totaling USD 4.5 million, Zinzino simultaneously makes an offer to acquire the company’s assets via a so-called stalking horse bid. If the bid is accepted, the DIP loan will be converted into part of a debt-settled purchase price, which will be determined after Zurvita has completed the sale process that is subject to higher and better offers in accordance with the applicable terms of Chapter 11. Other bidders have the right to submit bids for Zurvita during the process and if another bid is accepted, Zinzino’s loan will be repaid and certain of its costs associated with the process will be reimbursed. 

Zurvita is a direct selling health company with operations in the United States, Canada and Mexico. The brand portfolio offers a range of innovative health and wellness products. The business has total annual sales of approximately USD 30 million with good gross margins. A potential transaction with Zinzino is expected to add growth through the synergies arising from the joint networks, combined with Zinzino’s test-based product concept. The profitability of the Company will thus be able to develop well by utilizing Zinzino’s existing technical platform and organization.

A visionary mindset, tech first perspective, test-based nutrition at the cellular level and a strong position to capitalize on current trends will form the basis of the new partnership. Following the acquisitions of VMA Life in 2020, Enhanzz in 2022, the strategic partnership with ACN and the recently completed asset acquisition of Xelliss, Zinzino has been looking for further strong investments to maintain its sustainable, profitable growth, strengthen its distribution power, expand into new markets and leverage the product portfolio in new consumer areas.

– “Individualized advice and tailored solutions are the future, and not just in health and wellness,” says Dag Bergheim Pettersen, CEO of Zinzino. “Together, we have years of combined industry experience and everything it takes to drive the modern, personalized shopping experience through direct sales”. Jay Shafer, CEO and co-founder of Zurvita, states “After considering multiple options for the company and under the guidance of our attorneys and third-party advisors, we feel this presents the best opportunity to continue Zurvita’s mission, deliver the highest quality products, and provide continuity for our staff and consultants. We are excited to see what the future holds for Zurvita.” 

For more information:
Dag Bergheim Pettersen CEO Zinzino +47 (0) 932 25 700, www.zinzino.com

Pictures for publication free of charge:
marketing@zinzino.com

Certified Adviser:
Carnegie Investment Bank AB (publ.)

Zinzino AB (publ.) is obliged to publish this information in compliance with current EU regulations governing market abuse. The information was provided by the above contact person for publication at 20.00 on the 21st of December 2024.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/zinzino/r/zinzino-ab–publ–enters-into-agreement-to-provide-dip-financing-to-zurvita-initiating-chapter-11-pr,c4086040

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Meet With Culture: Exquisite Craftsmanship of Traditional Chinese Architecture

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2 hours ago

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December 22, 2024

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BEIJING, Dec. 22, 2024 /PRNewswire/ — The Temple of Agriculture in Beijing played a significant role during the Ming (1368-1644) and Qing (1644-1911) dynasties. Over nearly 600 years, 25 emperors personally visited or sent ministers to perform spring farming ceremonies and offer sacrifices to Shennong, the god of agriculture.

 

Built in 1420 during the Yongle reign, the temple’s predecessor was the Temple of Mountains and Rivers in Nanjing. When Emperor Zhu Di moved the Ming capital to Beijing, he constructed a larger temple inspired by the Nanjing temple, which gradually evolved into the Temple of Agriculture.

The Taisui Hall, the largest building complex in the temple, now serves as a major exhibition hall of the Beijing Ancient Architecture Museum, showcasing models of classical Chinese buildings and demonstrating the solemnity of royal architecture.

Ancient Chinese architecture is predominantly wooden-structured, chosen for its availability, versatility, and earthquake resistance. Artisans developed sophisticated techniques in material selection and construction. The wooden framework consists of columns, beams, girders, and purlins, with innovative structural forms like lifting-beam and piercing-bracket structures.

A unique architectural element is the dougong (bracket sets), which supports weight and connects beam frames with column walls. Mortise-tenon joints were invented to create elastic frameworks by connecting different components.

While discussing the Temple of Agriculture, it’s worth noting another remarkable example of architectural hierarchy which could be found in the Temple of Heaven. The hierarchy of architectural designs reflected social stratification, with eave structures like the triple-layered eaves of the Hall of Prayer for Good Harvest representing the highest-level architectural design.

Over centuries, the Temple of Agriculture has transformed from an imperial garden to a public park and a museum for historical architecture, now standing as a significant cultural landmark that symbolizes China’s agricultural civilization and architectural heritage along Beijing’s Central Axis.

Quickly join Alexandre to study and explore the traditional Chinese architecture.
https://youtu.be/YpA03WiZ9Wc

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SOURCE China International Communications Group

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Second Opinion Expert Announces Filing of U.S. Patent for Method of Generating Medical Opinions Using Artificial Intelligence

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2 hours ago

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December 22, 2024

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Patent leverages AI technology to improve patient outcomes and reduce cost of care

DANA POINT, Calif., Dec. 22, 2024 /PRNewswire-PRWeb/ — SecondOpinionExpert, Inc. (SOE), a leading healthcare technology company, announced today that it has filed patent application 133902-0002UT01 with the United States Patent and Trademark Office entitled “Method and Apparatus for Generating Automated Medical Opinions Using Artificial Intelligence.” The patent covers the company’s proprietary system that communicates a medical opinion to a user based on a trained model that uses artificial intelligence (AI) or machine learning (ML).

“In the near future, we’ll launch our free app, enabling users to access high-quality medical opinions. This innovative app empowers individuals with insightful medical guidance that improves health and saves lives,” said Steve Krause, President of SecondOpinionExpert, Inc.”

Medical second opinions have traditionally been obtained by seeking out another healthcare professional who reviews the patient’s medical records, diagnoses, and tests. However, the rapidly increasing complexity of medical information, the demand for faster turnaround times, and the limitations of human expert availability have created a need for automated systems that utilize AI to generate both first and second medical opinions.

Artificial intelligence has made significant strides in medical diagnostics, including image recognition, predictive modeling, and natural language processing (NLP). These advancements present an opportunity to augment traditional second opinion systems by automatically processing patient medical records, diagnostic tests, and clinical data to generate high-quality first and second medical opinions.

SecondOpinionExpert’s technology increases the quality and efficiency of healthcare delivery, improves healthcare access and empowers doctors and patients to make better informed medical decisions. The HIPAA-compliant patented platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems enabling the company to provide fast, reliable and secure online medical opinions. The system provides patients greater peace of mind by leveraging the power of AI and ML.

“Our patent-pending AI enabled technology platform provides a cost-effective choice that improves patient care,” said Steve Krause, President, SecondOpinionExpert, Inc. “In the near future, we look forward to launching our user-friendly app that will be initially free of charge. People using our platform will be able to quickly obtain high quality medical opinions while avoiding unnecessary travel time and expense, knowing that they will be getting insightful medical guidance that improves health and saves lives.”

About SecondOpinionExpert

SOE’s mission is to provide innovative medical technology solutions to improve healthcare while reducing costs.

Our patented HIPAA-compliant platform leverages recent advancements in artificial intelligence, machine learning and electronic medical record systems, enabling the company to provide fast, reliable and secure online medical opinions to inform both diagnosis and treatment planning. We empower patients, providers and payors to work together to make the best possible medical decisions, leading to better health outcomes and greater peace of mind for patients. SOE’s panel of 400+ board-certified medical specialists are available to render expert opinions informed as needed by AI and genomics.

SOE also owns and/or manages a rapidly growing network of facilities for post-acute care and substance treatment. Our proprietary platform for Electronic Medical Records (EMR) empowers best practices in administration and medical services.

Our proprietary TeleMedics Mobile Platform empowers and chronicles on-site visits from qualified medics or nurses. Mobile staff provide the human connection, capturing vitals and doing diagnostics and therapeutics, with the patient’s doctor participating as needed through live video. We work with our affiliate Intra Care, Inc. to provide superior home health and hospice care. We provide Remote Patient Monitoring (RPM) delivered through a strategic relationship with KangarooHealth, in-home respirators delivered and monitored by SOE affiliate Momentum Equipment and Pandemic Response through our MaxVax solution.

Additional information can be found at SOE.CARE

Media Contact

Jay Kilberg, Second Opinion Expert, Inc., 1 917.543.6285, jay.kilberg@soe.care, https://soe.care

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SOURCE Second Opinion Expert, Inc.

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