USITC to Review Impact of Revoking China’s PNTR Status, Potentially Raising Tariffs on Chinese Imports 
Ecuador Raises Tariffs on Colombian Imports to 50% Amid Border Security Dispute 
Dominican Republic Unveils Massive Rare Earth Deposits to Boost High-Tech and Energy Sectors 
Tokyo Core Inflation Slows Below 2%, Complicating BOJ Rate Hike Outlook 
Oil Prices Surge 13% as U.S.-Israel Strikes on Iran Spark Supply Fears 
Asian Currencies Slide as US-Israel Strikes on Iran Trigger Oil Surge and Risk-Off Rally 
Boeing Secures $166.8 Million U.S. Navy Contract for P-8A Engineering and Software Support 
Global Markets Reel as Euro Falls, Swiss Franc Surges and Oil Prices Spike After U.S.-Israel Strike on Iran 
Middle East Airspace Shutdown Disrupts Global Flights After U.S.-Israel Strikes on Iran 
Netflix Declines to Raise Bid for Warner Bros. Discovery Amid Competing Paramount Skydance Offer 
Hyundai Motor Group to Invest $6.26 Billion in AI Data Center, Robotics and Renewable Energy Projects in South Korea 
Anthropic Refuses Pentagon Request to Remove AI Safeguards Amid Defense Contract Dispute 
FCC Approves Charter Communications’ $34.5 Billion Acquisition of Cox Communications 
Trump Warns Iran as Gulf Conflict Disrupts Oil Markets and Global Trade 
OpenAI Pentagon AI Contract Adds Safeguards Amid Anthropic Dispute 
Greg Abel’s First Berkshire Hathaway Shareholder Letter Signals Continuity, Caution, and Capital Discipline 
Samsung Electronics Stock Poised for $1 Trillion Valuation Amid AI and Memory Boom 
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
