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China’s First Han Dynasty Digital Art Exhibition Debuts at the 2024 China International Fair for Trade in Services Fair

Grey ขยายการธุรกิจและบริการระหว่างประเทศไปยังตลาดลาตินอเมริกา (LATAM)  และเอเชียตะวันออกเฉียงใต้ (SEA)

BEIJING, CHINA – Media OutReach Newswire – 18 September 2024 – On September 12, the first day of the 2024 China International Fair for Trade in Services, the nation’s first Han Dynasty cultural digital art exhibition, “Han Dynasty Splendor: A Thousand Years in One Painting” (hereafter referred to as the “Han Culture Exhibition”), debuted at the Metaverse Experience Center in Hall 3 of Shougang Park. The exhibition uses digital art to bring Han culture to life, offering visitors a unique experience.

The Han Culture Exhibition is hosted by the China Cultural Relics Information Consultation Center and Fudan University’s Xianghui Academy, and organized by Beijing Metaverse Culture Co., Ltd. and the Digital Art Center of Fudan University’s Cultural Relics Museum. The exhibition’s design won four international gold awards at the 2023 VEGA Digital Awards, a prestigious competition that sets new standards for excellence in digital media design, production, and distribution.

Upon entering the exhibition hall, a majestic scroll of Han Dynasty culture unfolds before visitors. The exhibition is divided into five sections: “Prologue: Entering the Dream,” “Act 1: Imperial Splendor, Everyday Life,” “Act 2: Glorious Relics, Artistic Masterpieces,” “Act 3: Ascending to Immortality, Han Dream of Heaven and Earth,” and an “Interactive Experience Zone.” Through innovative metaverse technology and multimodal interactive displays, the exhibition brings traditional Chinese culture to life, showcasing everything from clothing and cuisine to calligraphy and architecture, and from brick carvings to ancestral rituals.

At the exhibition, many visitors dressed in traditional Han clothing (Hanfu) were seen blending into the digital artwork, experiencing the Han Dynasty culture from 2,000 years ago. “Wearing Hanfu and visiting the Han exhibition feels like traveling back in time to the Han Dynasty. It’s an extraordinary experience,” said Lily Li, a social media influencer with millions of followers. “I regularly wear Hanfu in my daily life, as I believe it’s not just an expression of beauty but also a way of preserving traditional Chinese culture. I hope my efforts will inspire more people to fall in love with Hanfu and traditional culture.” The exhibition will be open to the public for an extended period.

The Metaverse Experience Center first appeared at the 2022 Trade in Services Fair and successfully upgraded in 2023, introducing eight new innovative scenarios and achieving four global firsts. This year, the center continues to offer new experiences, with a focus on “immersive experiences + the creation of super cultural IPs.” It now features five key application scenarios: innovation release, metaverse digital asset circulation, VR large spaces, immersive classrooms, and XR filming. These developments aim to drive breakthroughs in key metaverse technologies and foster innovative business models, allowing emerging technologies to be applied to all aspects of cultural product creation, production, distribution, and consumption.

In addition to the Han Culture Exhibition, the first-ever Dunhuang VR large-space interactive movie, Dunhuang: Mystery of the Desert Cave, was also launched here. This project, set in a 500-square-meter open space, uses cinematic interactive storytelling to transport viewers through a thousand years of history and into the virtual world of Dunhuang. With high-precision spatial positioning, real-time rendering, and multi-player interaction supported by high-performance graphic processing backpacks, the project combines immersive, realistic environments with grand visual artistry to create an exceptional team-based entertainment experience. Here, visitors can explore Crescent Lake, uncover the secrets of the Mogao Caves, admire breathtaking murals, and immerse themselves in the majestic landscapes of Dunhuang. They can even take on the role of a hero, standing side-by-side with characters from the story, and experience the extraordinary Dunhuang adventure firsthand.

Furthermore, the city’s first government AI-powered service platform, “Yizhi,” also made its debut at the Metaverse Pavilion. The 3.0 version of the digital human “Yiqi,” driven by large AI models, is capable of chatting and interacting with visitors. The exhibition also showcased the integration of digital assets with cultural and creative products and ticketing experiences, allowing visitors to explore the new “metaverse world” in various ways and build their own unique digital assets.

China’s rich traditional culture provides a solid foundation and fertile soil for the digitalization of the cultural industry, while the application of digital technology injects new energy into the innovative development of traditional Chinese culture. A representative from the Beijing Economic-Technological Development Area said, “The BDA is making significant efforts to promote the prosperity of cultural industries by empowering cultural creativity with technology, driving innovative development, and gradually establishing a cutting-edge cultural industry system that integrates high-tech audio-visual technology. Moving forward, the BDA will continue to position itself as a leading cultural innovation zone in the capital and a national model for cultural and technological integration, with policies that support this integration. We will continue to attract leading enterprises in the sector, gathering momentum to write a new chapter in the high-quality development of the cultural and technological industries in the BDA.”

Hashtag: #HanDynastyDigitalArt

The issuer is solely responsible for the content of this announcement.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

Ausom Escooter Release New Off-Road Gallop SR1, Leopard DT1, DT1 Pro and GX1, Transforming Your Adventure Style

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OAKLAND, Calif., Sept. 19, 2024 /PRNewswire/ — Ausom, a committed innovator of high-end off-road electric scooters, further expands its off-road e-scooter portfolio in the US market with three cutting-edge models – the Gallop SR1, Leopard DT1, and DT1 Pro, EU market for GX1.


Ausom escooter DT1, DT1 Pro, SR1,GX1

Ausom sets its new e-scooters apart from the competition with an innovative integrated security system that significantly improves user and scooter security. Riders can prevent unauthorized use of their scooters by tapping their phones or NFC cards to unlock them with the upgraded NFC locking feature. With a comprehensive lighting system that optimizes visibility and has joystick-controlled turn signals for safer and easier turning, riders can cruise more confidently. Built tough with forged aluminum alloy, these scooters are highly resistant to breakage and ready for heart-pounding adventures. On thrilling off-road excursions, the rider’s safety is further protected by dual disc brakes and E-ABS.

Leopard DT1, DT1 Pro

Enhanced scooter and user safety by NFC locks, all-round illumination, advanced E-ABS and dual disc brakes, and fracture-resistant forged aluminum construction Superior riding smoothness and comfort over all terrains with the rugged swingarm suspension and 10"x3" thickened, puncture-resistant tires The DT1 Pro’s 2000W motor power delivers a top speed of 41mph to maximize adventurous excitement. The 18.2Ah battery supports 47 miles for extended riding pleasure. Personalized metal plates bring the fun of customization and make your scooter the one and only. Added considerations include dual charging inputs for faster charging, USB-A and USB-C outputs for powering your devices, smart LCD control, AirTag mount support, etc.

Gallop SR1

An NFC lock, all-round lighting, hydraulic disc brakes, E-ABS, and forged aluminum construction for safer riding Robust swingarms and 10"x3" all-terrain tires for smoothness and comfort The 2000W motor power achieves a maximum speed of 41mph, and the 20.8Ah battery supports 54 miles. Customizable metal plate User-friendly design, including two charging inputs, USB outputs, LCD control, AirTag mount support, etc.

All of Ausom e-scooters are certificated by RoHS, UL, and CE.

Pricing & Availability

From August 20th to August 30th, these new e-scooters are available with great discounts on Ausom’s official website and Geekbuying.com, with the DT1, DT1 Pro, and the SR1.

About Ausom

Ausom was founded by a group of adventurers and experts and driven by their passion for exploration, embodying the essence of creating nothing ordinary but awesome and igniting the spirit of adventure in everyone who experiences its off-road electric scooters.

https://ausomstore.com/

Source : Ausom Escooter Release New Off-Road Gallop SR1, Leopard DT1, DT1 Pro and GX1, Transforming Your Adventure Style

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Medit Donates Intraoral Scanners to Five Leading Vietnamese Medical Universities

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HANOI, Vietnam, Sept. 19, 2024 /PRNewswire/ — Medit, a leading intraoral scanner manufacturer from South Korea, has made a significant contribution to dental education in Vietnam with its local partner Samsun Vina. Together, they donated sets of intraoral scanners to five medical universities: Hanoi Medical University, Hai Phong University of Medicine and Pharmacy, Thai Nguyen University of Medicine and Pharmacy, Hue University of Medicine and Pharmacy, and Can Tho University of Medicine and Pharmacy.


Medit Donates Intraoral Scanners to Five Leading Vietnamese Medical Universities

The introduction of Medit’s i-series intraoral scanners into the universities will greatly enhance student learning by providing access to cutting-edge technology. This integration will foster both practical skills and deeper theoretical understanding, ultimately raising the standard of dental education and better preparing future professionals.

Moreover, as digital dentistry continues to evolve rapidly in Southeast Asia, Vietnam is emerging as a key player in this transformation. In line with this, Medit has launched a Vietnamese version of its Medit Link software to better serve the local market, underscoring its commitment to supporting the region’s dental professionals.

"After receiving Medit intraoral scanners from Samsun Vina, our faculty organized workshops to train dental students and lecturers. They are very interested in and excited about learning to use this equipment. The Medit intraoral scanner has a light, sturdy scanning head and provides a comfortable experience for any patient. It is effective in orthodontics, implant treatment, and scientific research. We appreciate the support from Medit and Samsun Vina and look forward to further collaboration," a faculty at Can Tho University of Medicine and Pharmacy stated.

About Medit

Medit is a global leader in digital dentistry, specializing in the development of advanced 3D intraoral scanners and comprehensive dental solutions. Medit’s scanners have gained a competitive edge in the global market. They stand out for their ease of use, lightweight design, fast scanning speed, and high accuracy. These features make Medit i-series an ideal tool for both beginners and professionals in digital dentistry. Moreover, Medit’s technology has been acknowledged by more than 130,000 global Medit Link software users in 199 countries.

Source : Medit Donates Intraoral Scanners to Five Leading Vietnamese Medical Universities

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MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers

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HANOI, Vietnam, Sept. 19, 2024 /PRNewswire/ — Vietnam Maritime Commercial Joint Stock Bank (HoSE: MSB) has signed a strategic cooperation agreement with TerraPay, a global money movement company. This collaboration will bring digital payment solutions and data capabilities to help MSB enhance efficiency and offer the best payment service experience to customers by bringing down costs and reducing transaction times.

According to forecasts from the Bank of England, the cross-border payment market is expected to grow by over USD 100 trillion in the next decade, reaching over USD 250 trillion by 2027. Along with the pace of digitization, the demand for real-time global payments is becoming increasingly urgent. However, unlike domestic transfers, international money transfers continue to be complex, time-consuming, and costly, even today.

In response to this reality, the new partnership between MSB and TerraPay aims to break down these barriers, enabling the use of financial services more quickly, conveniently, and reliably. According to the cooperation agreement, MSB and TerraPay will provide payment solutions, payment infrastructure, and other products and services to partners and (or) customers; simultaneously introducing each other’s products and services to the partner’s customers who have a need for them. Both companies will focus on supporting small and medium-sized enterprises (SMEs) with global money transfer needs. Through this partnership, SMEs will benefit from quick, convenient, and cost-effective global payout solutions.

Mr. Nguyễn Thế Minh, Deputy General Director of MSB, believes that, "The cooperation between the two parties will bring numerous benefits and economic efficiencies for Vietnamese businesses in both domestic and international payments."

Sudhesh Giriyan, President – Cross border payments at TerraPay said, "Our partnership with MSB is a big step towards enhancing global payments for businesses across Vietnam. We are excited to work together, combining our strengths and expertise, to transform the broader landscape while furthering our mission of simplifying global money movement."

Along with efforts in digital transformation, MSB continues to build and seek appropriate financial solutions through reputable partners to bring superior value and experience to customers.

For more information on solutions for corporate customers, please click msb.com or contact the hotline: 18006260.

About MSB

Established in 1991, MSB has continually grown, achieving many important milestones in the financial banking industry over nearly 33 years. MSB currently has over 260 branches and transaction offices nationwide, and it transacts with over 500 correspondent banks in more than 60 countries and territories. MSB has over 6,000 staff, serving more than 5.4 million individual customers and nearly 100,000 corporate customers.

About TerraPay

TerraPay simplifies the movement of money everywhere – providing a single connection to the most expansive cross-border payments network regulated in 30+ global markets and enabling payments to 140+ receive countries, 210+ send countries, 7.5Bn+ bank accounts and 2.4Bn+ mobile wallets. TerraPay is on a mission to connect a borderless financial world, making moving money everywhere instant, reliable, transparent and fully compliant. TerraPay has built the global digital wallet interoperable network and pushes the boundaries for global businesses – ranging from digital wallets, banks, fintech and money-transfer operators to travel businesses, creator economy platforms and e-commerce marketplaces – while driving financial inclusion in even the most inaccessible markets. Founded in 2014, TerraPay is a global company headquartered in London and comprising 42 nationalities. It has global offices in Bangalore, Dubai, Bogota, Dar es Salaam, Kampala, The Hague, Johannesburg, Nairobi, Milan, and Singapore, and is expanding rapidly. We have received funding from leading investors, including the IFC (World Bank), Prime Ventures, Partech Africa, and Visa.

Contact:
Juveria Samrin,
[email protected] 

 

Source : MSB and TerraPay Collaborate to Simplify and Enhance Cross-Border Money Transfers

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

FOR SALE BY EXPRESSION OF INTEREST

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221 RANGOON ROAD – FREEHOLD TWO-STOREY SHOPHOUSE WITH DEVELOPMENT POTENTIAL

SINGAPORE, Sept. 19, 2024 /PRNewswire/ — Brilliance Capital Pte. Ltd. is excited to offer a unique investment opportunity: a freehold two-storey shophouse located at 221 Rangoon Road, for sale via an Expression of Interest (EOI). This well-positioned property features an F&B-approved ground floor currently tenanted to an established restaurant, and well tenanted for residential use on the 2nd floor, providing investors with an immediate rental income stream. The first storey is primed for food and beverage use, offering premium rental rates due to its prime location.  The property promises a unique blend of historical charm and modern investment appeal in one of Singapore’s most vibrant districts.


FOR SALE BY EXPRESSION OF INTEREST 221 RANGOON ROAD – FREEHOLD TWO-STOREY SHOPHOUSE WITH DEVELOPMENT POTENTIAL

The 221 Rangoon Road property, positioned in the heart of a bustling neighborhood, is surrounded by rich heritage and an eclectic mix of retail, dining, and cultural landmarks. The locale offers seamless connectivity, being just minutes away from Farrer Park MRT Station, and its’ proximity to Mustafa Centre and City Square Mall enhances its appeal, attracting a steady flow of visitors and customers to the area. Additionally, the nearby Connexion enhances the area’s footfall with its healthcare and hospitality services, further increasing the property’s business potential. The surrounding district, rich in cultural landmarks and culinary offerings, offers the perfect backdrop for businesses looking to benefit from the energetic environment.

The property sits on a freehold tenure, making it a highly coveted asset with long-term value in Singapore’s competitive real estate market. The land area is approximately 2,145 sq ft with a total built-up area of approximately 3,347 sq ft. Zoned "Residential" with a gross plot ratio of 3.0 under the 2019 Master Plan, it also presents redevelopment potential, offering investors and owner-occupiers the opportunity to significantly enhance its value, and enjoy the upside for future growth and value maximization.

The shophouse stands at the gateway to the Historic District of Little India, an area undergoing a significant rejuvenation and transformation. With new urban development projects set to modernize the district while preserving its cultural legacy, this location is poised to become an even more vibrant commercial and residential hub. The property’s connection to this rapidly transforming district adds to its’ long-term investment appeal, offering substantial growth potential as the area evolves. In addition, the development potential makes it suitable for a variety of uses, including F&B, retail, or residential redevelopment.

Ms. Sammi Lim, Founder and Executive Director of Brilliance Capital Pte Ltd, said: "Based on the guide price of S$8.88 million, this offering is not only palatable but presents a tremendous value proposition for a diverse range of buyers. We anticipate strong interest from co-living operators, boutique developers, and family offices looking to diversify and enhance their portfolio with a rare freehold asset. Freehold properties remain highly coveted for their enduring value, long-term capital appreciation potential, and investment security.

In particular, the property’s freehold tenure makes it an ideal land banking opportunity, providing buyers with the chance to hold a prime asset in Singapore’s highly competitive real estate market while waiting for the right time to unlock its full redevelopment potential.

Furthermore, with its strategic location and vibrant surroundings, 221 Rangoon Road offers investors an exceptional opportunity to capitalize on the growing demand for properties in the heart of Singapore’s bustling Central Region. The unique mix of heritage charm and redevelopment potential makes this asset an attractive option for forward-thinking investors, allowing them to tap into future growth and enjoy immediate rental income."

Brilliance Capital is the sole marketing agent for this Expression of Interest.

The Expression of Interest closes on 23 October 2024, Wednesday at 3.00 p.m.

END

Note to editors:

A high-resolution photograph of 221 Rangoon Road is enclosed.

About Brilliance Capital Pte. Ltd.

Brilliance Capital is a premier real estate agency specializing in bespoke advisory and transaction services for high-net-worth individuals, family offices, property developers, and institutions in Singapore and globally.

Founded and led by Sammi Lim, our team of top-tier professionals excels in selling and leasing luxury residential, commercial, and industrial properties, as well as collective sales. We also offer tailored consultancy and advisory services, addressing personal, professional, and investment needs with precision and care.

Backed by deep market insight and a robust international network, Brilliance Capital is dedicated to building lasting relationships and delivering exceptional real estate outcomes.

 

           

Source : FOR SALE BY EXPRESSION OF INTEREST

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SUNRATE signs MOU with Singapore-Thai Chamber of Commerce

SUNRATE signs MOU with Singapore-Thai Chamber of Commerce

Joint Effort Aims to Accelerate Growth and Expansion of Thai Companies in Singapore

SINGAPORE – Media OutReach Newswire – 19 September 2024 – SUNRATE, an intelligent global payment and treasury management platform, announced that it has signed a memorandum of understanding (MOU) with the Singapore-Thai Chamber of Commerce (STCC Thailand) to empower Thai companies seeking to scale and operate in Singapore.

As part of the partnership, members of Singapore-Thai Chamber of Commerce can now leverage SUNRATE’s technological resources and the expertise of its business development representatives to navigate the complex landscape of international business expansion. This support includes the ability to make payments via SUNRATE’s business account to more than 190 countries and regions, transact in over 130 currencies, and benefit from global collection services available in over 30 currencies. Additionally, companies can collect funds in more than 10 major international currencies as if they were local payments. Foreign companies can also open SUNRATE’s THB collection business accounts.

Li Tao, Head of Growth at SUNRATE said, “On the ground, we understand that many Thai companies face challenges in setting up or scaling their business operations across borders, particularly in Singapore. As the leading global B2B payment platform for Emerging Asia, we are perfectly positioned to empower these companies, especially regarding their business payment needs.”

Marciano Birjmohun, Vice Chairman of the Singapore-Thai Chamber of Commerce, said “The Singapore-Thai Chamber of Commerce actively supports its members and affiliates, particularly Thai companies, by providing them with greater access to professional services essential for seamless business expansion. This strategic partnerships with SUNRATE ensures that companies receive tailored guidance, resources, and expertise. This facilitates smooth entry into new markets, strengthens cross-border collaboration, and enhances the overall experience of expanding business operations within the region”

Hashtag: #SUNRATE

The issuer is solely responsible for the content of this announcement.

About SUNRATE

SUNRATE is an intelligent global payment and treasury management platform for businesses worldwide. Since its inception in 2016, SUNRATE has been recognised as a leading solution provider and has enabled companies to operate and scale both locally and globally in 190+ countries and regions with its cutting-edge proprietary platform, extensive global network, and robust APIs.

With its global business headquarters in Singapore and offices in Hong Kong, Jakarta, London, and Shanghai, SUNRATE partners with the top global financial institutions, such as Citibank, Standard Chartered, Barclays, J.P. Morgan, and is the principal member of both Mastercard and Visa.

To learn more about SUNRATE, visit

About Singapore-Thai Chamber of Commerce

Singapore-Thai Chamber of Commerce (STCC) was founded as a non-profit organisation in 1993 by a group of Bangkok-based Singaporeans.

Besides maintaining close relationships with the Singapore Embassy and Enterprise Singapore (ES), an initiative by the Singapore government to promote trade, STCC aims to promote economic and social relationships by bringing Thai, Singapore and foreign companies which are stationed in Thailand together. From a macro perspective, STCC aims to be the bridge connecting the two countries, which will lead to the betterment of both Singapore’s and Thailand’s economy.

Our current corporate members consist of over 200 companies, from an extensive and diverse range of sectors like Banking and Finance, Hospitality, Properties, Professional Services, Electronic, Manufacturing and industries. Our vast network of members increases interactions and business opportunities and investment activities and opportunities between Singapore and Thailand.

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This content was prepared by Media OutReach. The opinions expressed in this article are the author's own and do not reflect the view of Siam News Network.

Markel appoints April Tam as Senior Underwriter, PFR & Cyber and Head of Financial Institutions, Asia

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SINGAPORE, Sept. 19, 2024 /PRNewswire/ — Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), is pleased to announce the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. This strategic hire is integral to advancing Markel’s profile and reinforcing its leadership position in the PFR sector.


April Tam, Senior Underwriter, Professional Financial Risk (PFR) and Head of Financial Institutions in Asia

In her new role, Tam will be instrumental in strengthening Markel’s Financial Institutions proposition in Asia. Working in collaboration with the regional underwriting team across Asia, Tam will focus on driving continued profitable growth of the company’s PFR book and ensuring its scalability and diversification. She will also be responsible for forging strong relationships with insurance brokers, clients and partners in the region.

Tam joins Markel from Allianz Commercial, where she was most recently employed as Financial Institutions Practice Leader, Asia. Prior to joining Allianz Commercial in 2018, Tam gained expertise at Zurich Insurance Group. With more than 12 years’ experience in Financial Lines underwriting, Tam brings a wealth of expertise, broker relationships and a proven track record to Markel.

Based in Hong Kong, Tam will report to Kevin Leung, Chief Underwriting Officer, Asia Pacific.

Leung commented: "I’m excited to welcome April to our team in Hong Kong. Her extensive experience and deep understanding of Financial Lines underwriting will be of huge importance as we continue to expand and enhance our PFR offerings. I’m confident that April’s expertise and strong networks will significantly help to contribute to our strategic objectives and strengthen our position in the Asia market."

About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.

 

Source : Markel appoints April Tam as Senior Underwriter, PFR & Cyber and Head of Financial Institutions, Asia

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RWE and AM Green Ammonia sign Memorandum of Understanding to supply up to 250,000 tonnes annually of RFNBO-compliant ammonia from India

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RWE has secured the ammonia for its global supply portfolio for delivery from 2027 The green ammonia produced at AM Green Ammonia’s sites in India meets EU standards for Renewable Fuels from Non-Biological Origin (RFNBO), as defined in the RED III

ESSEN, Germany and HYDERABAD, India, Sept. 19, 2024 /PRNewswire/ — RWE Supply & Trading has signed a Memorandum of Understanding (MoU) with AM Green Ammonia B.V. (AMG) for the long-term supply of green ammonia from its plants based in India. It outlines the supply of up to 250,000 tonnes of green ammonia per year. The ammonia will be sourced from AMG’s production sites in Kakinada and Tuticorin, India. Initially, 50,000 tonnes of green ammonia will be produced at the Kakinada site, with the remaining volume of up to 200,000 tonnes to be sourced from the Tuticorin facility.


Ammonia Production Facility and Port Infrastructure on East Coast of India

AMG is a subsidiary of the AM Green Group. AMG’s ammonia manufacturing facilities will be powered entirely by carbon-free energy sources such as solar, wind, and hydroelectric power. The produced ammonia will meet EU standards for Renewable Fuels of Non-Biological Origin (RFNBO) as defined in the Renewable Energy Directive (RED III). AMG’s facility in Kakinada has already been pre-certified for RFNBO compliance. Pre-certification for other facilities is underway.

Deliveries of green ammonia from AMG’s sites are expected to start by 2027. A subsequent offtake agreement between RWE and AMG will detail the contractual provisions.

Costas Papamantellos, Head of International Hydrogen Investments at RWE Supply & Trading said, "RWE is committed to investing in hydrogen and its low-carbon derivatives to help industries achieve their climate goals. For this end, we are building strong supply chains with partners globally. Partnering with AMG allows us to secure green ammonia capacities at an early stage."

Mahesh Kolli, Group President of AM Green said, "We are delighted to partner with RWE to propel the transformation of various industries and several OECD economies. This agreement emphasizes AM Green’s ability to align itself with an innovative and flexible contracting structure in line with commodity trading practices. Continuous focus on innovation combined with execution reinforces AM Green’s leadership position as a global clean energy transition solutions platform for low-cost green molecules such as hydrogen, ammonia, fuels and other chemicals."

For further enquiries:

Olaf Winter

Suheil Imtiaz

Media Relations

Public Affairs & Strategic Communications

RWE Supply & Trading GmbH

AM Green

T: +49 201 5179-8455

M: + 91 94401 59289

E: [email protected]

E: [email protected]

Note to the editor – RWE Supply & Trading

RWE Supply & Trading is the interface between RWE and the energy markets around the world. Approximately 2,000 employees from over 70 different countries trade electricity, gas, commodities, and CO2 emission allowances. Accurate market analyses and a high degree of customer centricity enable them to create innovative energy supply solutions as well as risk management concepts for industrial operations. The trading entity also ensures the commercial optimisation of RWE’s power plant dispatch and markets electricity from RWE. In addition, there is the legally independent RWE gas storage business in Germany under the umbrella of RWE Supply & Trading.

RWE Supply & Trading is establishing itself as a key player in the global hydrogen market, focusing on green and blue hydrogen and their derivatives, such as ammonia. As part of its global strategy, the company is investing along the entire value chain by developing a diversified portfolio of projects and long-term offtake agreements worldwide, with a particular emphasis on importing green molecules to Northwest Europe.

Forward-looking statements

This press release contains forward-looking statements. These statements reflect the current views, expectations and assumptions of management, and are based on information currently available to management. Forward-looking statements do not guarantee the occurrence of future results and developments and are subject to known and unknown risks and uncertainties. Actual future results and developments may deviate materially from the expectations and assumptions expressed in this document due to various factors. These factors primarily include changes in the general economic and competitive environment. Furthermore, developments on financial markets and changes in currency exchange rates as well as changes in national and international laws, in particular in respect of fiscal regulation, and other factors influence the company’s future results and developments. Neither the company nor any of its affiliates undertakes to update the statements contained in this press release.

Data Protection

The personal data processed in connection with the press releases will be processed in compliance with the legal data protection requirements. If you are not interested in continuing to receive the press release, please inform us at [email protected]. Your data will then be deleted, and you will not receive any further press releases from us in this regard. If you have any questions about our data protection policy or the exercise of your rights under the GDPR, please contact [email protected].

 

 

Source : RWE and AM Green Ammonia sign Memorandum of Understanding to supply up to 250,000 tonnes annually of RFNBO-compliant ammonia from India

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This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network