Itochu

Amogy and ITOCHU Partner to Explore Application of Ammonia-Powered Solution for Decarbonizing Maritime Vessels

Retrieved on: 
Wednesday, April 3, 2024

This strategic partnership is aimed at exploring the potential application of Amogy’s technology on ITOCHU’s maritime vessels.

Key Points: 
  • This strategic partnership is aimed at exploring the potential application of Amogy’s technology on ITOCHU’s maritime vessels.
  • Amogy has developed a modularized system that transforms liquid ammonia into electrical power.
  • Together, Amogy and ITOCHU will investigate opportunities for deploying Amogy’s system on vessels owned, operated, or chartered by ITOCHU.
  • “We are excited to embark on this journey with ITOCHU Corporation,” says Seonghoon Woo, CEO at Amogy.

Gaza war: countries selling Israel weapons are violating international law – legal expert

Retrieved on: 
Friday, April 5, 2024

The UK government has received internal legal advice that Israel has broken international humanitarian law in its current war on Gaza.

Key Points: 
  • The UK government has received internal legal advice that Israel has broken international humanitarian law in its current war on Gaza.
  • But what does international law actually say on this issue, and what are the UK’s (and other nations’) legal obligations in relation to the ongoing assault on Gaza?
  • In recent months, a number of countries have announced they are suspending arms exports to Israel.
  • In the UK, the high court dismissed an attempt to challenge the government’s continued licensing of arms exports to Israel.

Arms trade treaty

  • The most obvious, and the one emphasised in the British MPs’ letter, is found in the UN arms trade treaty, to which the UK is a party.
  • In 2019, the UK court of appeal suspended arms exports to Saudi Arabia based on the government’s failure to assess whether past violations of international law had likely been committed in Yemen.
  • So, signatories to the arms trade treaty continuing to supply weapons to Israel likely do so in breach of article 7.

Geneva conventions

  • But it also includes article 1 of the 1949 Geneva conventions, which requires states to “ensure respect” for international humanitarian law.
  • On March 1, Nicaragua instituted proceedings before the ICJ against Germany (the second-biggest arms exporter to Israel), in part alleging that it is violating article 1 of the Geneva conventions due to its support for Israel.
  • In this way, all countries are legally obliged to ensure that others comply with international humanitarian law.


Lawrence Hill-Cawthorne does not work for, consult, own shares in or receive funding from any company or organisation that would benefit from this article, and has disclosed no relevant affiliations beyond their academic appointment.

Raven SR appoints Stuart McFarland to Board of Directors

Retrieved on: 
Wednesday, January 10, 2024

PINEDALE, Wyo. , Jan. 10, 2024 /PRNewswire/ -- Raven SR Inc. (Raven), a renewable fuels company, announced today the appointment of Stuart A. McFarland to its Board of Directors, effective January 2024.

Key Points: 
  • , Jan. 10, 2024 /PRNewswire/ -- Raven SR Inc. (Raven), a renewable fuels company, announced today the appointment of Stuart A. McFarland to its Board of Directors, effective January 2024.
  • McFarland's appointment marks a significant addition to Raven SR's Board and leadership team.
  • "The world needs Raven SR's technology to reduce waste and emissions, and we need it now," said McFarland.
  • His seat on the Raven SR board complements representatives from Chevron, Itochu Corporation, Ascent Funds, and Intellergy.

AM Best Affirms Credit Ratings of NEWGT Reinsurance Company, Ltd.

Retrieved on: 
Monday, November 20, 2023

AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NEWGT Reinsurance Company, Ltd. (NEWGT) (Bermuda).

Key Points: 
  • AM Best has affirmed the Financial Strength Rating of A- (Excellent) and the Long-Term Issuer Credit Rating of “a-” (Excellent) of NEWGT Reinsurance Company, Ltd. (NEWGT) (Bermuda).
  • The company has a moderate level of reinsurance dependency; however, its exposure to potential credit risk is partially mitigated by a high-quality and well-diversified reinsurance panel.
  • For additional information regarding the use and limitations of Credit Rating opinions, please view Guide to Best’s Credit Ratings .
  • For information on the proper use of Best’s Credit Ratings, Best’s Performance Assessments, Best’s Preliminary Credit Assessments and AM Best press releases, please view Guide to Proper Use of Best’s Ratings & Assessments .

Gore Street Capital Appointed Joint Manager of Japan's first Energy Storage Fund

Retrieved on: 
Monday, December 4, 2023

LONDON, Dec. 4, 2023 /PRNewswire/ -- Gore Street Capital and ITOCHU Corporation have been selected by the Tokyo Metropolitan Government (TMG) to launch Japan's first fund dedicated to grid-scale energy storage systems.

Key Points: 
  • LONDON, Dec. 4, 2023 /PRNewswire/ -- Gore Street Capital and ITOCHU Corporation have been selected by the Tokyo Metropolitan Government (TMG) to launch Japan's first fund dedicated to grid-scale energy storage systems.
  • The two firms have been jointly selected as the managers of TMG's energy creation and energy storage promotion fund following a competitive process held in April 2023.
  • Alex O'Cinneide, CEO of Gore Street Capital, said: "We are proud to have been selected as the joint manager of Japan's first dedicated energy storage fund in partnership with ITOCHU.
  • "Gore Street Capital was one of the first to act in Great Britain's energy storage market back in 2016 and, in its capacity as investment manager of the internationally diversified Gore Street Energy Storage Fund (LSE: GSF), has a proven track record of acquiring and managing a large portfolio of energy storage assets across multiple OECD jurisdictions.

24M Technologies to Unveil Electrode-to-Pack Technology — 24M ETOP™ — at 2023 Japan Mobility Show

Retrieved on: 
Tuesday, October 24, 2023

24M announced today it will introduce a transformative new battery technology — the 24M Electrode-to-Pack system — at the Japan Mobility Show October 26 - November 5.

Key Points: 
  • 24M announced today it will introduce a transformative new battery technology — the 24M Electrode-to-Pack system — at the Japan Mobility Show October 26 - November 5.
  • “This innovative new battery technology is enabled by our Unit Cell technology and is reflective of what’s yet to come from 24M.
  • In 2019, 24M partner Kyocera began commercial production and sales of its Enerezza home energy storage product using the 24M SemiSolid™ and Unit Cell technology.
  • 24M holds more than 200 patents, including those for the 24M SemiSolid™ Electrode, Unit Cell technology, pre-lithiation, battery modules and recycling.

Martinrea International Inc. Announces Strategic Relationship With Yamada Manufacturing Co., Ltd.

Retrieved on: 
Tuesday, October 17, 2023

TORONTO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced a strategic relationship with Yamada Manufacturing Co., Ltd. based in Gunma, Japan.

Key Points: 
  • TORONTO, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Martinrea International Inc. (TSX : MRE), a diversified and global automotive supplier engaged in the design, development and manufacturing of highly engineered, value-added Lightweight Structures and Propulsion Systems, today announced a strategic relationship with Yamada Manufacturing Co., Ltd. based in Gunma, Japan.
  • Yamada specializes in the development and manufacturing of chassis, drive units, and powertrain components.
  • The strategic relationship signifies a broader global manufacturing footprint for Martinrea in Japan, encompassing Yamada's production expertise and network.
  • Martinrea will utilize its expertise in manufacturing parts with stringent mechanical performance criteria, both with and without heat treatment.

Lanvin Group Posts 6.4% Y-o-Y Revenue Growth In H1 2023

Retrieved on: 
Wednesday, August 30, 2023

NEW YORK, Aug. 30, 2023 /PRNewswire/ -- Lanvin Group (NYSE: LANV, the "Group"), a global luxury fashion group with Lanvin, Wolford, Sergio Rossi, St. John and Caruso in its portfolio of brands, today announced its results for the first half of 2023.  The Group achieved revenue of €215 million, a 6.4% increase period-over-period versus 2022; and gross profit of €125 million, representing a 58.5% gross profit margin, up from €113 million, and 55.9% gross profit margin in the first half of 2022.

Key Points: 
  • Lanvin: Revenue decreased from €64 million in H1 2022 to €57 million in H1 2023, mainly due to its focus on a creative transition as well as comparatively fewer key product and marketing initiatives in H1 2023 versus H1 2022.
  • Wolford: Revenue grew at 8.4% increasing from €54 million in H1 2022 to €59 million in H1 2023.
  • Sergio Rossi: Sergio Rossi revenue increased from €27 million in H1 2022 to €33 million in H1 2023, a growth of 22.4%.
  • St. John: Revenue grew from €42 million in H1 2022 to €47 million in H1 2023, a growth of 11.3%.

Global Thermal Printhead Market Report 2023: Comprehensive Analysis of Prominent Market Leaders KYOCERA, Rohm, ITOCHU, Toshiba and SHEC

Retrieved on: 
Monday, August 21, 2023

DUBLIN, Aug. 21, 2023 /PRNewswire/ -- The "Global Thermal Printhead Market Outlook 2025" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, Aug. 21, 2023 /PRNewswire/ -- The "Global Thermal Printhead Market Outlook 2025" report has been added to ResearchAndMarkets.com's offering.
  • The global thermal printheads market is forecast to grow at a CAGR of 7.4% during the forecast period, of 2022-2025.
  • On the basis of region, the global thermal printheads market is analyzed by the markets of North America, Europe, Latin America, Asia-Pacific and Middle-east and Africa.
  • Some of the prominent industry leaders in the global thermal printheads market that are included in the report are KYOCERA Corporation, Rohm Co. Ltd., ITOCHU Corporation, Toshiba Corporation, and SHEC.

Seven Companies Announce to Conduct a Joint Study on Japanese Advanced CCS (Carbon Capture and Storage) Project

Retrieved on: 
Wednesday, August 2, 2023

Nippon Steel announced Carbon Neutral Vision 2050 in its medium- to long-term management plan in March 2021.

Key Points: 
  • Nippon Steel announced Carbon Neutral Vision 2050 in its medium- to long-term management plan in March 2021.
  • The vision says that the company aims to reduce CO2 emissions 30% by 2030 from the 2013 level and achieve carbon neutrality in 2050.
  • Taiheiyo Cement announced Carbon Neutral Strategy 2050 in its medium-term management plan in May 2021.
  • The seven companies will cooperate with each other in the Study and actively work toward the early social implementation of CCS and the realization of a sustainable society in Japan.