TECH Hyundai plans $5 billion investment in U.S. on mobility technology
Hyundai Motor said on Sunday it plans to invest $5 billion in the U.S. by 2025 to further develop mobility technologies in areas like autonomous driving, robotics, and A.I.
UAE waste management company Bee’ah and Greek sustainability firm Polygreen has launched a new company that will offer marine and environmental management solutions.
The joint venture, EvoGreen, will provide advanced maritime waste management services to preserve the region’s oceans, the UAE state news agency has reported.
“Evogreen will take the lead in promoting best practices in the maritime waste management industry and achieve remarkable outcomes for the UAE and wider region,” Salim bin Mohamed Al-Owais, Bee’ah chairman, said.
The new company has already established an alternative raw material facility in Bee’ah’s Sharjah complex. It processes maritime waste and marine-related hazardous waste to produce alternative materials for industrial use.
EvoGreen is currently building another facility that can process waste streams and convert materials into alternative fuel.
Both facilities will collect, recycle and recover hazardous and non-hazardous waste from ships visiting ports in the UAE.
“The launch of Evogreen is a milestone regarding the global effort to protect the environment and address the challenge of climate change,” Polygreen chief, Athanasios Polychronopoulos, said.
The company will also offer oil spill response services and management of distressed vessels, as well as recycling and recovery solutions.
Source Arab NewsAugust 18, 2021