Singapore GDP Grows 5.7% in Q2 2026 as AI-Driven Manufacturing Boosts Economy 
Gordie Howe Bridge to Open July 27 After U.S.-Canada Reach Toll Revenue Agreement 
Goldman AM Sees Strong Buyout Opportunities in Japan, South Korea and Australia 
Yaskawa Electric Shares Slide as Weak Profit Overshadows Strong AI Demand 
Asia Stocks Slip as Iran-Hormuz Tensions Lift Oil Prices, Dollar and Bond Yields 
Genesis Minerals to Acquire Vault in A$5.6 Billion Deal After Regis Withdraws 
US-Iran Strikes Escalate as Strait of Hormuz Crisis Pushes Oil Prices Higher 
Morgan Stanley Names Marks & Spencer Top European Retail Pick, Sees Strong Upside 
TSMC Q2 Revenue Surges 36% as AI Chip Demand Powers Growth Ahead of Earnings 
Australia Flags Child Safety Gaps at Apple, Meta, Google Over Online Sexual Extortion 
Oil Prices Jump as U.S.-Iran Conflict and Strait of Hormuz Tensions Shake Global Markets 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
Nvidia Tightens AI Chip Sales in Asia With Stricter Customer Approval Process 
Fast Retailing Raises Full-Year Forecast After Uniqlo Owner Beats Q3 Profit Estimates 
Australian Business Conditions Hold Steady as Easing Cost Pressures Face New Oil Price Risks 
Nippon Paint Reportedly Offers Up to €7.5 Billion for Akzo Nobel Decorative Paints Business 
The LEGO Group, a Danish plastic construction toys maker and Novo Nordisk pharmaceutical company, have agreed to buy green methanol for their production to use renewable energy. The companies partnered with European Energy for the supply of the low-carbon alternative ingredient for making plastic.
LEGO will be replacing fossil-based materials in its plastic production to help reduce carbon in the environment. On the other hand, Novo Nordisk will use green methanol as a replacement for fossil-based plastic being added to its insulin pens and medical devices.
The toymaker confirmed on Thursday last week that it has agreed to purchase e-methanol as an alternative to its traditional plastic ingredients. This will be used in its plastic building brick toys once European Energy starts the production of the e-methanol in its new factory in 2024, as per Reuters.
The renewable energy firm is privately owned and develops and builds energy solutions for climate change, such as wind and solar parks. It is currently setting up its plant in Aabenraa, Denmark. Starting next year, European Energy will produce 32,000 tonnes of e-methanol annually.
“We are proud to join forces with European Energy and Novo Nordisk to accelerate research and progress in the development of lower-carbon plastics,” LEGO Group’s vice president of materials, Nelleke van der Puil, said in a press release. “As part of our commitment to building a sustainable future for children, we have committed to making our products from more sustainable materials.”
European Energy’s chief executive officer, Knud Erik Andersen, also said regarding the new collaboration, “The use of plastic is an integrated part of the modern world, not only in our daily lives but also in industrial processes and equipment. Novo Nordisk and the LEGO Group are already leading the way into the future in various ways, and now even more by joining this cooperation.”
Photo by: Xavi Cabrera/Unsplash
