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Agilyx´s Styrenyx Technology Reduces Carbon Footprint in Styrene Manufacturing Up To 86%

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OSLO, Norway, March 20, 2025 /PRNewswire/ — Agilyx ASA (OSE: AGLX) (OTCQX: AGXXF) (“Agilyx” or “the company”) announces that production of styrene via Styrenyx, its proprietary polystyrene recycling technology, significantly reduces carbon equivalent emissions compared to producing styrene from fossil resources. 

To better assess the carbon footprint of our advanced recycling, post-consumer waste circular styrene production, Agilyx commissioned Sphera Solutions, Inc. to perform a cradle-to-gate product carbon footprint (PCF) and compare results to conventional production of styrene from fossil resources. Results indicate that Agilyx’s process lowers carbon equivalent emissions by 38% using average grid electricity and 86% using wind electricity as compared to conventional styrene made from fossil resources.  The study has been conducted according to the requirements of the International Organization for Standardization (ISO) 14067:2019-02 (ISO, 2019) and is currently undergoing independent critical review by 3rd party expert, in accordance with ISO/TS 14071:2014 (ISO, 2024). The expert review is expected to be complete in Q2 2025. 

For context, these results indicate that an Agilyx facility producing 18,000 metric tons of styrene annually and powered by grid electricity could reduce the equivalent of ~15,000 metric tons of CO2 emissions compared to conventional styrene. This is equivalent to removing ~3,500 gasoline cars off the road for a year (~6.4 million litres /1.7 million gallons of gasoline) or the amount of CO2 sequestered by 245,000 tree seedlings over a decade (US EPA, 2024). Global production of styrene is projected to reach 16.75 million tonnes by 2026. If 10% of this volume were produced using Styrenyx, it would be the equivalent to removing 325,000 gasoline cars from the road annually.   

“We are extremely encouraged by these results and remain committed to further reducing our carbon footprint” said Chris Faulkner, Chief Technology Officer of Agilyx. “By leveraging sustainable energy sources and innovative recycling technologies, we will reduce global carbon emissions and help solve the plastic waste challenge.” 

About Agilyx 

Agilyx ASA is at the forefront of plastic waste recycling, enabling the conversion of challenging post-use plastics into high-value, virgin-equivalent products. Recognizing that availability of high-quality custom feedstock is critical for scaling recycling processes, Agilyx, through its Cyclyx joint venture, provides tailored feedstock solutions to global plastic producers. In addition, Agilyx leverages its Styrenyx technology platform and T.EN’s purification technology to market TruStyrenyx – a full polymer-to-monomer advanced recycling solution for polystyrene. By advancing from a linear “make-take-waste” model to a sustainable circular economy, Agilyx supports the transition to a low-carbon future. Our adaptable approach ensures bespoke solutions, leveraging extensive IP and feedstock expertise to meet diverse customer needs. For more information, visit Agilyx’s corporate website www.agilyx.com

For investor inquiries contact: communications@agilyx.com 

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

https://news.cision.com/agilyx/r/agilyx-s-styrenyx-technology-reduces-carbon-footprint-in-styrene-manufacturing-up-to-86-,c4122092

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SOURCE Agilyx

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Meizu Returns to Vietnam, Accelerating Southeast Asia Market Expansion

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HANOI, Vietnam, March 22, 2025 /PRNewswire/ — Meizu, in collaboration with Geely Auto, held a product launch event in Vietnam on March 21, accelerating its strategic expansion in Southeast Asia with its eco-products. Simultaneously, the Geely International EX5, a global smart pure-electric SUV equipped with the Flyme Auto smart cockpit system, is set to debut in Vietnam in the second quarter of 2025.

At the event, Meizu showcased its AI-powered eco-products, centered around AI smartphones and complemented by AR smart glasses, smart rings, smart watches, and other tech products to form a matrix that delivers a seamless smart lifestyle experience to Vietnamese users. Returning to the Vietnamese market marks a critical step in Meizu’s implementation of its overseas Flyme AI ecosystem strategy, underscoring Meizu’s technological capabilities and determination.

Since announcing its overseas Flyme AI ecosystem strategy at the global tech event MWC 2025, Meizu has rapidly expanded its global presence. Its products are now sold in over 30 countries and regions across Asia-Pacific, Latin America, the Middle East, Central Asia, Europe, etc. Cars equipped with Flyme Auto have been exported to the Middle East, Eastern Europe, Asia-Pacific, and other regions. The overseas ecosystem integrating “people, cars, and homes” has already reached a certain scale. In the first quarter of 2025 alone, Meizu has entered frontier markets such as the Philippines, Indonesia, Sri Lanka, and Australia.

Leveraging its visionary “smartphone + glasses + car” ecosystem, Meizu has secured three “No.1 in China“. It has doubled its AI-powered smartphone sales, seized the top market share for its smart glasses, and achieved the largest number of car models on the market that are equipped with the Flyme Auto smart cockpit operating system.

Being secure, unique, easy-to-use, and seamlessly connected, Flyme Auto will empower Geely Auto to deliver an innovative driving experience to Vietnamese consumers who value environmentally-friendly travel, advancing the realization of its vision of “building smart premium cars for everyone.” To date, Flyme Auto ranks among the smart cockpit operating systems supporting the most car models and covering the widest price range, with the car models equipped with Flyme Auto achieving total sales of more than 0.6 million cars. Flyme Auto has supported 22 car models in collaboration, and leads the industry in new ecosystem user growth, firmly ranking in the top tier of In-Vehicle-Infotainment (IVI).

At the event, Meizu unveiled multiple groundbreaking products, including AI smartphones such as Meizu Lucky 08, Meizu Note 22 Series, and Meizu Mblu 22 Series, and recently hot-selling tech products such as StarV Air2, StarV View, and StarV Ring 2. Through lightweight AI technologies and services, Meizu enables more consumers to have a more convenient and smarter experience.

Gu Binbin, Meizu’s Executive Director of Overseas Business, stated, “With our return to Vietnam, Meizu brings a comprehensive ecosystem of products that include not just smartphones, but also smart glasses, smart rings, and Flyme Auto, a smart IVI system supporting Geely’s global expansion. Meizu will increase investments in Vietnam to deliver more innovative products and services tailored to local consumers.”

Meizu is the smartphone brand of DreamSmart Group, which carries AI eco-products in three product areas, which are smartphones, XR and smart cars. With deep technological expertise in multiple industries, DreamSmart is recognized as a leader in smart ecosystems.

Meizu’s globalization strategy has been implemented step by step, and Vietnam is a critical step in DreamSmart’s localization development in Southeast Asia. Moving forward, Meizu will continue to fulfill its commitment to “returning to the global market”, and focus on expanding into an increasing number of frontier markets worldwide to deliver innovative products and services to users globally.

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SOURCE Meizu

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Xinhua Silk Road: Parallel Forum on Inclusive Finance and Approaches to New Energy Industrialization Development held in Beijing

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BEIJING, March 22, 2025 /PRNewswire/ — The Parallel Forum on Inclusive Finance and Approaches to New Energy Industrialization Development was held in Beijing on March 20.

As a side event of the 2025 Global South Financiers Forum, the forum, hosted by the Brand Work Office of Xinhua News Agency, China Economic Information Service, and Shanxi Branch of Xinhua News Agency, fostered diverse dialogues and exchanges under the theme of “Inclusive Finance and Approaches to New Energy Industrialization Development”, sharing experience and building consensus.

Klaus-Dieter Kaempfer, Chief Executive of Absa China, highlighted Absa’s efforts in driving economic growth across 12 African markets over 130 years. Absa established a non-banking subsidiary in Beijing a year ago to support Chinese enterprises and investors in exploring African markets.

China has become the world’s largest producer of electric vehicles, while Indonesia is also intensifying efforts in the regard, noted Mohammad Faisal, Executive Director of the Center of Reform on Economics (CORE Indonesia). CORE Indonesia has been conducting research in this field as an economic think tank, but considering the significant challenges faced by developing countries in promoting green energy and green industrialization, this forum serves as a valuable platform for mutual learning and experience sharing.

Lyuliang is leveraging its industrial strengths to foster new quality productive forces in the energy sector amidst green and sustainable development, according to Xiong Yizhi, mayor of Lyuliang City. By introducing favorable policies and innovative financial products, Lyuliang has accelerated its new energy industry development, with new energy installation capacity now accounting for over 30 percent of its total.

Zheng Peng, Chairman and President of Pengfei Group, delivered a keynote speech on the company’s effort in green development. As one of China’s top 500 enterprises, it follows China’s dual carbon goals and Shanxi’s hydrogen energy development plan.

During the event, China Economic Information Service unveiled the China (Xiaoyi, Lyuliang) Hydrogen Energy High-quality Development Index Report during the event. The index, which monitors high-quality hydrogen energy development at both national and local levels, showed steady growth from 2021 to 2023.

Besides, a roundtable session of the forum brought together renowned financiers and government representatives to explore the role and mechanism of inclusive finance in advancing new energy industrialization.

Original link: https://en.imsilkroad.com/p/344869.html

SOURCE Xinhua Silk Road

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/R E P E A T –Desjardins Group Annual General Meetings: Interview with Guy Cormier

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MONTREAL, March 19, 2025 /CNW/ – Members of the media are invited to register for an interview with Guy Cormier, President and CEO of Desjardins Group during the cooperative’s annual general meetings, on Saturday, March 22. To do this, you’ll need to send an email at media@desjardins.com, by 4 p.m. on Friday, March 21, 2025.

This year’s general meeting will have a special feel to it, as it will be the last meeting chaired by Guy Cormier as president and CEO. It will also officially kick off festivities to mark Desjardins’s 125th anniversary.

The interviews will start at 12:30 p.m. and Guy Cormier’s public address will be broadcast around 4 p.m. on the Desjardins Facebook page.

Event details (registration required):

DATE: Saturday, March 22, 2025

PLACE: Québec City Convention Centre, 1000 Boulevard René-Lévesque Est, Quebec City QC  G1R 5T8

TIME:
12:30 p.m. – Interviews with Guy Cormier, President and CEO
4 p.m. – Public address broadcast on the Desjardins Group Facebook page 

About Desjardins Group
Desjardins Group is the largest cooperative financial group in North America and the sixth largest in the world, with assets of $470.9 billion as at December 31, 2024. With more than 55,200 skilled employees, it has been named one of the top employers in Canada by both Forbes magazine and Mediacorp. To meet the diverse needs of its members and clients, Desjardins offers a full range of products and services to individuals and businesses through its extensive distribution network, its online platforms, and its subsidiaries across Canada. Ranked among the world’s strongest financial institutions according to The Banker magazine, Desjardins has one of the highest capital ratios and one of the highest credit ratings in the industry. In 2025, Desjardins Group is celebrating its 125th anniversary, marking more than a century of focusing its ambitions and expertise on being there for members and clients.

SOURCE Desjardins Group

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