Connect with us

Economy

Galp launches innovative platform for energy transition – Energy

Published

on

Oil is creeping into Galp in Lisbon.  Europe is hitting the worst fall in a month - markets

Startups, universities, clients and other technology partners. These are the goals of Upcoming Energies, a joint innovation platform launched Tuesday by Galp that aims to accelerate the transition to carbon neutrality.

The initiative was presented at a web summit that runs until Thursday in Lisbon by Galp CEO Andy Brown.

The company said in a statement that the platform “will be part of Galp’s renaissance, based on an investment of capital for innovation and research and development, which is valued at € 180 million by 2025.” The main goal of the new instrument “is to attract and increase investment in innovation for Galp’s clear mission to achieve carbon neutrality by 2050.” Through the partnership, Galp proposes to create “a robust and efficient ecosystem in which customers, startups, suppliers, universities, R&D partners and investors work together to accelerate the transition to energy.” The initiative will be open to both Portuguese and Brazilian ecosystems.

These initiatives, which will begin in 2022, will take the form of partnerships, education programs, acceleration programs and investments in new startups “that are developing new digital solutions and transforming energy.”

The company wants to attract startups, companies, universities, investors and other partners to share “its vision and its solutions.” The selected ideas will receive support from Galp “to develop, validate and scale up with a core mission of accelerating the energy transition towards carbon neutrality that the Portuguese company wants to achieve.”

The platform will be developed in Portugal and Brazil, but the oil company’s intent is to open up the Galp network in 10 countries, “connecting the global ecosystem of energy transition innovation, dedicated leadership and response every step of the way.”

See also  Braga invests $20 million to convert former Lactogal into business center

“Galp has ambitious goals to drive the energy transition, we want to accelerate the process and build the future with a systematic and systematic approach to collaboration, an approach that brings together cutting edge technology and talent to help us achieve these ambitious goals,” said Andy Brown. , CEO of Galp, cited in the same note.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Economy

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Published

on

Woman with fake belly caught smuggling hundreds of semiconductors (already worth 500 times more)

Sanctions and supply chain issues have created a parallel market in China, where these chips are sold for 500 times the market value.

Chinese customs officials caught a woman trying to smuggle semiconductors inside a prosthetic belly while pretending to be pregnant. This arrest sheds light on the reality of smuggling that has emerged in the world’s second-largest economy following the sanctions imposed by the United States of America.

According to bloomberg, a woman was caught by the authorities while trying to enter Zhuhai via Macau on November 25. According to customs authorities, the suspect had more than 202 processors and nine smartphones.

The woman came to the attention of the authorities when she was asked what month she was pregnant. “She said she was five or six months pregnant but she had a big belly that looked like she was in her third trimester,” Chinese officials explained.

The economic crisis caused by covid-19 and all the problems that have arisen in the supply chain have opened the door to the emergence of a black market in semiconductors in a country that needs these advanced chips to produce millions of products.

The situation has worsened recently as the Joe Biden administration tightened sanctions on China, focusing on developing advanced technologies, especially for military use.

According to the North American economic publication, the situation is so serious that the prices of these devices reach values ​​up to 500 times their market price, which creates ideal conditions for creating an entire parallel market with telecom operators and resellers.

See also  Netflix finally told investors what they wanted to hear. Now comes the most difficult stage.

Continue Reading

Economy

Reduced provider discount in December due to falling fuel prices

Published

on

Reduced provider discount in December due to falling fuel prices

The Ministry of Finance reported that in December there is a decrease in the ISP discount by 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline, taking into account falling prices.

The guardianship statement states that, as announced, “the mechanism applied in the ISP is equivalent to reducing the VAT rate from 23% to 13%, and the compensation mechanism through the ISP reduces additional VAT income as a result of the changes. in fuel prices remain in effect.

Thus, taking into account the evolution of diesel and gasoline prices, “these temporary measures result in a reduction in the ISP rebate of 3.9 cents per liter of diesel fuel and 2.4 cents per liter of gasoline. a discount of 17.1 cents per liter for diesel ISP and 15.4 cents per liter for gasoline ISP,” the same note reads.

On the other hand, “the carbon tax update will be suspended until the end of the year,” and “taking into account all the measures in place, the reduction in the tax burden is 27.3 cents per liter of diesel fuel and 24.7 cents per liter of gasoline. “.

The government’s rebate mechanism assumes that a decrease in the price of fuel results in an increase in the Tax on Petroleum Products (NPT) due to a drop in VAT revenues.

“Measures to mitigate the increase in fuel prices remain in place in the month of December, while the government continues to support all consumers by reducing fuel taxes,” the ministry reminded.

See also  Greenvolt pays 3 million euros for 51% of Polish KSME - Energy

The ISP’s rebate, equivalent to a 13 percent VAT rate cut, was due to run until September 4 but was later extended through the end of the year as part of the government’s family relief package due to price hikes.

Average fuel prices have returned this week to below pre-war levels in Ukraine on Feb. 24, with a 5.1% drop for petrol and 4.1% for diesel calculated by ERSE.

According to the “Weekly Report on the Surveillance of Selling Prices for the Public” published on Monday evening by the Entidade Regladora dos Serviços Energéticos (ERSE), “For the week of 28 to 4 December, the effective pre-tax price is 0.860 euro/l. [euros por litro] for straight petrol 95 and 1067 euro/l for direct diesel”, which after tax is 1660 euro/l and 1685 euro/l for straight petrol 95 and straight diesel, respectively.

These figures are comparable to average prices of 1,816 euros/l for 95 straight-through gasoline and 1,660 euros/l for direct diesel filled on February 24 when the Russians invaded Ukraine, according to the Directorate General of Energy and Geology (DGEG). ).

Continue Reading

Economy

The unthinkable happens and the Lufthansa Airbus A380 takes off again two years later.

Published

on

The unthinkable happens and the Lufthansa Airbus A380 takes off again two years later.
Image: Lufthansa


This Friday, December 2, 2022, a moment occurred where few expected it to happen again. After repeated claims that the giant Airbus A380 is being retired for good, German airline Lufthansa has come back and decided to put it back into service two years later. As a result, one of the aircraft, registration D-AIMK, parked in Teruel (Spain), flew to Frankfurt.

According to the German company, the aircraft has been at the Spanish airport since May 2020, and since May of this year, more than 3,000 hours of work have been spent on its re-flight preparation. The same service is being performed on three other A380s that the company intends to restore to its network.


However, more work is needed before the aircraft is ready to fly with passengers again. Although additional landing gear maintenance was still required, today’s flight was to be flown at a much lower speed than usual and was performed with the landing gear down.

At the Lufthansa base in Frankfurt, the aircraft will be put on supports so that the landing gear retraction system can be tested. The aircraft will then fly to Manila in the Philippines, where Lufthansa Technik maintains a maintenance base, to undergo final repairs before release.

The Airbus A380 is scheduled to enter service in the summer of 2023 on high-demand flights from Munich. Videos were taken of the departure of the world’s largest passenger aircraft from Teruel (above and below, awaiting loading). Tracking Radarboxin turn, captured the entire flight.

See also  The 3rd largest cargo port in the world is partially closed. Companies are already feeling pressure from rising shipping costs - Executive Digest


Continue Reading

Trending