PFC Energy

PyroGenesis Confirms Receipt of $445,200 Milestone Payment for SPARC™ Land-Based Waste Destruction System

Retrieved on: 
Thursday, August 24, 2023

The engineering phase of the SPARC™ refrigerant waste destruction system has reached a crucial milestone, triggering the subject payment.

Key Points: 
  • The engineering phase of the SPARC™ refrigerant waste destruction system has reached a crucial milestone, triggering the subject payment.
  • With the engineering phase nearing completion, PyroGenesis is on track as previously estimated and has already begun the fabrication process.
  • PyroGenesis’ proprietary SPARC™ system uses inexpensive steam as the plasma-forming gas to generate a hydrolysis reaction which efficiently destroys refrigerants and ozone-depleting substances.
  • Solid and hazardous waste destruction is part of the Company’s Waste Remediation tier, where it ensures a safe destruction of hazardous materials, and the recovery and valorization of underlying substances such as chemicals and minerals.

Low and medium voltage switchgear market size is set to grow by USD 40,704.86 million from 2022 to 2027; Increasing implementation of smart grid technology will boost the market- Technavio

Retrieved on: 
Wednesday, June 7, 2023

The report provides actionable insights and estimates the contribution of all regions to the growth of the global low and medium voltage switchgear market.

Key Points: 
  • The report provides actionable insights and estimates the contribution of all regions to the growth of the global low and medium voltage switchgear market.
  • Hence, the implementation of smart grid technology will propel the growth of the global low and medium voltage switchgear market during the forecast period.
  • Regulations restricting SF6 gas emissions is a major challenge to the growth of the global low voltage (LV) and medium voltage (MV) switchgear market.
  • Increasing penetration of Industry 4.0 across the globe is one of the key drivers supporting the automatic voltage stabilizer market growth.

Introducing: Finance Connect

Retrieved on: 
Monday, April 24, 2023

AUSTIN, Texas, April 24, 2023 /PRNewswire/ -- Today ePayPolicy announced the addition of Finance Connect to their suite of insurance payments and reconciliation products for insurance companies. Finance Connect enables insurance companies to offer premium financing options - with their existing premium finance partners - at the point of online payment for their insured customers.

Key Points: 
  • AUSTIN, Texas, April 24, 2023 /PRNewswire/ -- Today ePayPolicy announced the addition of Finance Connect to their suite of insurance payments and reconciliation products for insurance companies.
  • Finance Connect enables insurance companies to offer premium financing options - with their existing premium finance partners - at the point of online payment for their insured customers.
  • "Finance Connect is going to help insureds pay faster and bind policies sooner, helping both insurance companies and their PFC partners."
  • Finance Connect is the latest integrated product for an industry in need of greater digital efficiency and automated back-office operations.

ePayPolicy Announces Finance Connect, Integrating Premium Financing with Online Checkout for Insurance Companies

Retrieved on: 
Monday, April 24, 2023

AUSTIN, Texas., April 24, 2023 /PRNewswire/ -- Today ePayPolicy announced the addition of Finance Connect to their suite of insurance payments and reconciliation products for insurance companies.

Key Points: 
  • AUSTIN, Texas., April 24, 2023 /PRNewswire/ -- Today ePayPolicy announced the addition of Finance Connect to their suite of insurance payments and reconciliation products for insurance companies.
  • Finance Connect enables insurance companies to offer premium financing options - with their existing premium finance partners - at the point of online payment for their insured customers.
  • "Premium financing is essential in our industry because it gives customers greater payment flexibility with financing options," said CEO Mark Engels.
  • ePayPolicy has over 6,500 customers in the insurance industry, including Premium Finance Companies (PFCs).

Kioxia to Achieve Net-zero Greenhouse Gas Emissions by 2050

Retrieved on: 
Thursday, April 13, 2023

Kioxia Group today announced that, by FY2050, the company aims to achieve net-zero in terms of the company’s Scope 1 greenhouse gas (GHG) emissions, namely direct emissions from its business sites, and in terms of Scope 2 emissions resulting from its use of purchased energy.

Key Points: 
  • Kioxia Group today announced that, by FY2050, the company aims to achieve net-zero in terms of the company’s Scope 1 greenhouse gas (GHG) emissions, namely direct emissions from its business sites, and in terms of Scope 2 emissions resulting from its use of purchased energy.
  • Kioxia Group will thereby accelerate its efforts to address climate change, one of its key management objectives.
  • We are also moving forward with the procurement of FIT non-fossil certificates, commonly used renewable energy certificates in Japan.
  • Kioxia Group regularly reports its ongoing efforts to address climate change through its sustainability website.

Press release - Fluorinated gases: reinforced EU action to cut emissions

Retrieved on: 
Thursday, March 30, 2023

On Thursday, MEPs adopted their position on revising the EU’s legislative framework on fluorinated gases (F-gases) emissions with 426 votes in favour, 109 against and 52 abstentions.

Key Points: 
  • On Thursday, MEPs adopted their position on revising the EU’s legislative framework on fluorinated gases (F-gases) emissions with 426 votes in favour, 109 against and 52 abstentions.
  • This target would align the updated rules with the EU’s 2050 climate neutrality goal.
  • They are covered by the Paris Agreement together with CO2, methane and nitrous oxide and account for around 2,5% of EU’s GHG emissions.
  • Additional reduction of F-gases emissions is needed to contribute to EU climate objectives and comply with the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer.

Article - Climate change: the greenhouse gases causing global warming

Retrieved on: 
Thursday, March 23, 2023

The EU is taking action to drastically reduce its emissions of greenhouse gases (GHG) as they are associated with climate change.

Key Points: 
  • The EU is taking action to drastically reduce its emissions of greenhouse gases (GHG) as they are associated with climate change.
  • The best-known greenhouse gas is carbon dioxide (CO2) but others, present in a smaller quantity in the atmosphere, may have a bigger warming effect.
  • Greenhouse gases act similarly to the glass in a greenhouse: they absorb the sun’s heat that radiates from the Earth’s surface, trap it in the atmosphere and prevent it from escaping into space.
  • The greenhouse effect keeps the Earth’s temperature warmer than it would otherwise be, supporting life on Earth.
  • Many greenhouse gases occur naturally in the atmosphere, but human activity contributes to their accumulation.
  • Check out more * *facts and figures about climate change There are different types of greenhouse gases and their global warming potential varies.
  • Fluorinated greenhouse gases * (F-gases)* are man-made gases used in industry and they have a high global warming potential, often several thousand times stronger than CO2.
  • As greenhouse gases have different global warming potential, their impact is typically converted into a CO2 equivalent to make comparisons meaningful.
  • CO2 represented almost 80% of the volume of all greenhouse gases emissions in the EU in 2021, followed by methane with more than 12%.

Fjällräven perceived as most sustainable brand for fourth year

Retrieved on: 
Thursday, March 16, 2023

LOUISVILLE, Colo., March 16, 2023 /PRNewswire/ - For the fourth year in a row, consumers in Sweden have voted Fjällräven as the country's most sustainable brand in the category, 'Clothes and Fashion Brands' in the 2023 Sustainable Brand Index.

Key Points: 
  • LOUISVILLE, Colo., March 16, 2023 /PRNewswire/ - For the fourth year in a row, consumers in Sweden have voted Fjällräven as the country's most sustainable brand in the category, 'Clothes and Fashion Brands' in the 2023 Sustainable Brand Index.
  • With the help of 80,000 consumers across eight countries, the Sustainable Brand Index measures and analyses nearly 1,600 brands across 36 industries on sustainability.
  • Carried out annually since 2011, the independent study examines how sustainable brands are perceived by consumers.
  • "I'm proud that Fjällräven is not the only brand within the Fenix Outdoor group that ranked on top of its category.

Press release - Fluorinated gas emission reductions to advance EU fight against climate change

Retrieved on: 
Wednesday, March 1, 2023

Phasing out HFC production and consumption in the EU would align these updated rules with the EU’s 2050 climate neutrality goal.

Key Points: 
  • Phasing out HFC production and consumption in the EU would align these updated rules with the EU’s 2050 climate neutrality goal.
  • According to MEPs, the Commission should closely monitor market developments in key sectors such as heat pumps and semiconductors.
  • Quote
    Rapporteur Bas Eickhout (Greens/EFA, NL) said: “F-gases are not well known, but have major implications for our climate, as they are very powerful greenhouse gases.
  • Additional reduction of F-gases emissions is needed to contribute to EU climate objectives and comply with the Kigali Amendment to the Montreal Protocol on Substances that Deplete the Ozone Layer.

PyroGenesis Provides Update on Recent Contract to Supply SPARC™ Land-Based Waste Destruction System in New Zealand

Retrieved on: 
Monday, February 6, 2023

Cool-Safe, previously known as The Trust for the Destruction of Synthetic Refrigerants, is a product stewardship organization (PSO) established by the New Zealand government in 1993.

Key Points: 
  • Cool-Safe, previously known as The Trust for the Destruction of Synthetic Refrigerants, is a product stewardship organization (PSO) established by the New Zealand government in 1993.
  • With this purchase and construction of PyroGenesis’ SPARCTM system, New Zealand will have its own on-shore capabilities for the safe destruction of refrigerants.
  • Powered by electricity, the SPARCTM system substantially reduces an operator’s carbon footprint while concurrently eliminating ozone-depleting substances.
  • The SPARC™ system is extremely versatile as it can also destroys other chemicals such as CFCs, HCFCs, HFCs, Halons, and PFCs.