NewzIntel.com

Category: Energy

  • MIL-OSI: SUNation Energy Announces Reverse Stock Split

    Source: GlobeNewswire (MIL-OSI)

    RONKONKOMA, N.Y., April 16, 2025 (GLOBE NEWSWIRE) — SUNation Energy, Inc. (Nasdaq: SUNE) (“SUNation” or “the Company”), a leading provider of sustainable solar energy and backup power solutions for households, businesses, and municipalities, today announced that its Board of Directors approved a 200 – for 1 reverse stock split of the Company’s outstanding common stock effective 12:01 a.m. Eastern Time on April 21, 2025.

    The Company’s common stock will continue to trade under the symbol “SUNE” and it is expected to open for trading on Nasdaq on April 21, 2025 on a post-split basis. The new CUSIP number for the common stock following the reverse stock split will be 72303P503.

    The ratio of the reverse stock split is within the range approved by shareholders at a Special Meeting of Shareholders held on April 3, 2025. The reverse stock split is primarily intended to increase the market price per share of the Company’s common stock to regain compliance with the minimum bid price required for continued listing on The Nasdaq Capital Market.

    Upon the effectiveness of the reverse stock split, every 200 shares of issued and outstanding Company common stock at the close of business on April 17, 2025 will be automatically combined into one issued and outstanding share of common stock, with no change in par value per share. The total shares outstanding stands at 672,799,910 as of April 11, 2025. The split, once effective, will result in there being approximately 3,364,000 shares outstanding immediately thereafter.

    The reverse stock split does not reduce the number of shares of the Company’s authorized common stock. No fractional shares will be issued as a result of the reverse stock split and all such fractional interests will be rounded up to the nearest whole number of shares of common stock. The reverse stock split will affect all common shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s common stock, except to the extent that the reverse stock split results in some shareholders experiencing an adjustment of a fractional share as described above.

    Shareholders holding their shares electronically in book-entry form are not required to take any action to receive the post-split shares. Shareholders holding physical share certificates will receive information from EQ Shareowner Services, the Company’s transfer agent, regarding the process for exchanging their shares of common stock. Shareholders with questions may contact the Company’s transfer agent by calling 800-401-1957.

    Additional information about the reverse stock split can be found in the Company’s definitive proxy statement (the “Proxy Statement”) filed with the Securities and Exchange Commission (the “SEC”) on March 10, 2025, which is available at the SEC’s website, www.sec.gov.

    About SUNation Energy, Inc.

    SUNation Energy, Inc. is focused on growing leading local and regional solar, storage, and energy services companies nationwide. Our vision is to power the energy transition through grass-roots growth of solar electricity paired with battery storage. Our portfolio of brands (SUNation, Hawaii Energy Connection, E-Gear) provide homeowners and businesses of all sizes with an end-to-end product offering spanning solar, battery storage, and grid services. SUNation Energy, Inc.’s largest markets include New York, Florida, and Hawaii, and the company operates in three (3) states.

    Forward Looking Statements 

    Our prospects here at SUNation Energy Inc. are subject to uncertainties and risks. This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933 and Section 21E of the Securities Act of 1934. The Company intends that such forward-looking statements be subject to the safe harbor provided by the foregoing Sections. These forward-looking statements are based largely on the expectations or forecasts of future events, can be affected by inaccurate assumptions, and are subject to various business risks and known and unknown uncertainties, a number of which are beyond the control of management. Therefore, actual results could differ materially from the forward-looking statements contained in this presentation. The Company cannot predict or determine after the fact what factors would cause actual results to differ materially from those indicated by the forward-looking statements or other statements. The reader should consider statements that include the words “believes”, “expects”, “anticipates”, “intends”, “estimates”, “plans”, “projects”, “should”, or other expressions that are predictions of or indicate future events or trends, to be uncertain and forward-looking. We caution readers not to place undue reliance upon any such forward-looking statements. The Company does not undertake to publicly update or revise forward-looking statements, whether because of new information, future events or otherwise. Additional information respecting factors that could materially affect the Company and its operations are contained in the Company’s filings with the SEC which can be found on the SEC’s website at www.sec.gov.

    The MIL Network –

  • MIL-OSI Global: Dark energy may have once been ‘springier’ than it is today − DESI cosmologists explain what their collaboration’s new measurement says about the universe’s history

    Source: The Conversation – USA – By David Weinberg, Professor of Astronomy, The Ohio State University

    The Mayall 4-meter Telescope at the Kitt Peak National Observatory houses the DESI instrument. KPNO/NOIRLab/NSF/AURA/P. Marenfeld

    Gravity pulls us to earth, a lesson you learn viscerally the first time you fall. Isaac Newton described gravity as a universal attractive force, one that holds the Moon in orbit around the Earth, the planets in orbit around the Sun, and the Sun in orbit around the center of our galaxy.

    In the 1990s, astronomers made the astonishing discovery that the expansion of the universe has sped up over the past 5 billion years, which implies that gravity can push as well as pull.

    Einstein’s theory of general relativity explains gravity as a consequence of curved space-time, where it allows for both attraction and repulsion. However, producing gravitational repulsion requires a new form of energy with exotic physical properties, often referred to as “dark energy.”

    New results from a large survey of the universe, announced in March 2025, are challenging the conventional picture of dark energy.

    Dark energy and cosmic expansion

    The simplest explanation for cosmic acceleration assumes a form of energy that fills apparently empty space and stays constant over time, instead of diluting as the universe expands.

    In fact, quantum mechanics predicts that “empty” space is filled with particles that flare briefly into and out of existence. At first glance, it seems like this effect could explain a constant dark energy, but no simple estimates of the effect’s magnitude line up with actual observations. Nonetheless, constant dark energy is a simple assumption that has proven successful in explaining many cosmological measurements.

    Today’s standard cosmological model incorporates this kind of constant dark energy. It also incorporates atoms and dark matter, which exert the attractive gravity that resists dark energy’s repulsion.

    New dark energy measurements

    The new measurements from the Dark Energy Spectroscopic Instrument, or DESI, collaboration, which we are affiliated with, pose the sharpest challenge yet to this standard model.

    Relative to the constant dark energy predictions, the new DESI measurements suggest that the universe was expanding slightly faster a few billion years ago – by 1% to 3% – before relaxing to the expansion rate predicted today. One explanation for this temporary speed up is that the “springiness” of dark energy – a combination of energy and pressure that determines its repulsive effect – was higher in the past. The springiness then declined as the universe expanded further.

    Astronomers can measure the history of the universe from our vantage point in the present because light travels at a finite speed. So, we see distant objects as they were in the past. Cosmic expansion stretches the wavelength of light – a phenomenon known as redshift. A precise measurement of an object’s light can reveal the size of the universe at the time the light was emitted.

    The new DESI results are based on measuring the redshifts of more than 14 million galaxies, creating a three-dimensional map that spans 12 billion years of cosmic history. To determine the distances light traveled across this map, DESI measured a subtle feature imprinted on the clustering of these galaxies by acoustic waves that traveled through the early universe.

    An exciting result

    DESI’s evidence for evolving dark energy comes from combining its own distance and redshift measurements with other measurements of the average density of matter in the universe. The higher the density of matter, the more strongly it can pull against dark energy’s expansive push. The matter density measurements come from the European-led Planck space mission, which mapped structure in the cosmic microwave background.

    The combination of DESI and Planck data favors evolving dark energy, instead of constant dark energy, with a statistical significance of 3.1 standard deviations. This result has only a 1 in 500 chance of occurring randomly.

    Despite the long odds, physicists consider such a finding to be solid but not overwhelming evidence, in part because even the most careful experimenters may underestimate uncertainties in their measurements.

    To strengthen the statistical case, DESI scientists added measurements of cosmic distances made by the Dark Energy Survey collaboration, which applied a different measurement technique based on the brightness of light from supernova explosions.

    The combination of DESI, Planck and Dark Energy Survey supernovae favors the evolving dark energy model by odds of 40,000 to 1. However, other supernova surveys give results that agree more with constant dark energy, so most cosmologists aren’t yet ready to abandon the standard cosmological model.

    Even if DESI’s findings hold up, they still can’t say what dark energy is. But they can provide much stronger clues than cosmologists had before.

    The DESI-based model implies that dark energy changed its properties surprisingly quickly. Dark energy began to lose its repulsive strength at about the same time it became the dominant form of energy in the cosmos.

    Extrapolating to the past, this model also implies that dark energy once had an extraordinary springiness, at a level that no simple theory of a dark energy field can explain. As future data sharpens these measurements, the findings could point us in a weird new direction – perhaps even challenging Einstein’s theory of gravity itself.

    In the model that fits the DESI data, the density of dark energy goes up and then declines, shown as a blue curve, instead of staying constant as assumed in the standard cosmological model, indicated by the horizontal dotted line. In either case, the density of atoms and dark matter dilutes as the universe expands, shown as a red curve, and today it is only about half that of dark energy. The repulsive effect of dark energy began to exceed the attractive effect of matter when the universe was about 8 billion years old, marked as ‘acceleration begins.’
    David Weinberg

    An ambitious experiment

    DESI is an extremely ambitious undertaking and an example of “big science” at its best. The instrument itself is mounted on the 4-meter Mayall Telescope at the Kitt Peak National Observatory. It uses 5,000 optical fibers mounted on tiny robotic positioners that guide the light from individual galaxies to scientific instruments that dissect that light and record the data for measuring redshifts.

    Every 15 minutes, the telescope shifts to a new area of the sky, and the robots move the fibers to point to 5,000 new galaxy locations. After five years of design and construction, DESI has operated continuously since 2021.

    A close-up of the DESI focal plane showing a few of the 5,000 fiber positioners. The white spots inside the bluish circles are the optical fibers that guide the light collected from distant galaxies to the spectrographs about 40 meters away.
    Dr. Claire Poppett, DESI Collaboration

    Led by the Department of Energy’s Lawrence Berkeley National Laboratory, DESI is a collaboration of over 900 scientists at 70 institutions around the world. At our university alone, more than 20 faculty, students, postdocs and research staff have worked on DESI over the past decade.

    This work includes contributions to building and installing spectrographs, which measure the properties of light, as well as writing software to record data, leading instrument operations, observing and troubleshooting at the telescope, designing galaxy and quasar surveys, creating catalogs for statistical analysis, testing measurement techniques with computer simulations, interpreting results and writing papers – all in tight communication with our collaborators.

    If the evidence for evolving dark energy holds up — and despite our instinctive caution, we think it has a good chance of doing so — it will join a list of remarkable 21st-century discoveries achieved with large U.S. national investments.

    These discoveries include the first detection of gravitational waves by the National Science Foundation-funded Laser Interferometer Gravitational-Wave Observatory, LIGO, and the spectacular measurements of galaxies and exoplanet atmospheres by NASA’s James Webb Space Telescope.

    These achievements show what the support of science by U.S. taxpayers and dedicated, creative researchers across the globe can accomplish.

    David Weinberg receives funding from the National Science Foundation and NASA that supports his dark energy research.

    Ashley Ross receives funding from Lawrence Berkeley National Lab to support his work on DESI and NASA to support work on related experiments.

    Klaus Honscheid receives funding from Department of Energy.

    Paul Martini receives funding from the Department of Energy.

    – ref. Dark energy may have once been ‘springier’ than it is today − DESI cosmologists explain what their collaboration’s new measurement says about the universe’s history – https://theconversation.com/dark-energy-may-have-once-been-springier-than-it-is-today-desi-cosmologists-explain-what-their-collaborations-new-measurement-says-about-the-universes-history-253067

    MIL OSI – Global Reports –

  • MIL-OSI USA: U.S. energy consumption growth decreases in the near term in the latest AEO

    Source: US Energy Information Administration

    In-brief analysis

    April 15, 2025

    U.S. energy consumption decreases in the next several years before increasing again in the early 2040s through 2050, according to our recently published Annual Energy Outlook 2025 (AEO2025). U.S. energy consumption in 2050 is lower than in 2024 in most of the scenarios we explore in AEO2025, but the range of outcomes varies significantly based on the underlying assumptions.

    For AEO2025, we made significant updates to the model that underpins the results, adding a hydrogen market module; a carbon capture, allocation, transportation, and sequestration module; and an enhanced upstream oil and natural gas resources module. We also enhanced many existing modules to better reflect market dynamics and emerging technologies.

    Our policy assumptions are central to understanding our AEO2025 projections. In most of the cases we modeled, we only considered laws and regulations implemented as of December 2024. Legislation, regulations, executive actions, and court rulings after that date are not included.

    You can view and chart the full results on the AEO2025 web page.

    In addition to our usual Reference case and eight side cases, we have included two alternative policy cases this year to examine the effects of electricity and transportation sector policies implemented since our last AEO.

    Principal contributors: Office of Energy Analysis staff

    MIL OSI USA News –

  • MIL-OSI USA: U.S. crude oil production rose by 2% in 2024

    Source: US Energy Information Administration

    In-brief analysis

    April 16, 2025

    U.S. crude oil production grew by 270,000 barrels per day (b/d) in 2024 to average 13.2 million b/d, according to our Petroleum Supply Monthly. Almost all the production growth came from the Permian region.

    Our Short-Term Energy Outlook (STEO) breaks out U.S. Lower 48 (L48) crude oil production data for the Appalachia, Bakken, Eagle Ford, Haynesville, and Permian regions, in addition to reporting Alaska and Gulf of America production data. For crude oil production, the Permian, Eagle Ford, and Bakken are the most prolific production regions, accounting for almost two-thirds of total U.S. production.

    In 2024, the Permian region in western Texas and southeastern New Mexico produced more crude oil than any other region, accounting for 48% of total U.S. crude oil production. Permian region production also accounted for almost all the growth in 2024, rising by 370,000 b/d compared with 2023 to average 6.3 million b/d. West Texas Intermediate (WTI) crude oil prices averaged $77 per barrel (b) in 2024, high enough to support oil-directed drilling in the Permian region. The average breakeven price was $62/b in the Permian Midland Basin and $64/b in the Permian Delaware Basin, the two largest basins in the Permian, according to data from a Dallas Fed Energy survey.

    The Permian region averaged 308 active drilling rigs in 2024, accounting for more than half of the rigs in operation last year but 26 fewer rigs than in 2023. Even with the lower rig count in 2024, Permian production grew because well productivity improved. Producers used technological advancements such as artificial intelligence, electronic hydraulic fracturing technology, and automated drilling processes to optimize operations.

    Although the Eagle Ford and Bakken regions each contributed 9% of the total U.S. crude oil production in 2024, production in these regions remained mostly flat. Both Eagle Ford and Bakken production showed similar growth, rising by 13,000 b/d to 1.2 million b/d. The rig count in the Eagle Ford fell by 9 rigs in 2024 to average 54 rigs, while the rig count in the Bakken fell by 2 rigs to average 34 rigs in 2024.

    Data source: U.S. Energy Information Administration, Short-Term Energy Outlook, April 2025
    Note: GOA=Gulf of America; AK=Alaska; L48=Lower 48 U.S. states

    Principal contributor: Naser Ameen

    MIL OSI USA News –

  • MIL-OSI: NANO Nuclear Energy Launches Recruitment Drive to Build Full-Scale KRONOS MMR Reactors

    Source: GlobeNewswire (MIL-OSI)

    NANO Nuclear Aims to Expand Engineering and Project Development Team to Support U.S. and Canadian KRONOS MMR Energy System Reactor Construction and Licensing Efforts

    New York, N.Y., April 16, 2025 (GLOBE NEWSWIRE) — Nano Nuclear Energy Inc. (NASDAQ: NNE) (“NANO Nuclear” or the “Company”) is launching a recruitment initiative focused on the Midwest region to support its ambitious plans to construct, demonstrate and gain regulatory approval for full-scale KRONOS MMR Energy Systems in both the United States and Canada.

    NANO Nuclear’s plans to extend its technical and project execution team are critical in the Company’s transition from design to ultimate commercial deployment of the proprietary, stationary KRONOS microreactor. In tandem with upcoming geological characterization work at the University of Illinois Urbana-Champaign (UIUC) site, this workforce build-out will consolidate the expertise and provide the personnel necessary to complete the construction permit application and begin construction of the first KRONOS prototype on the UIUC campus shortly thereafter.

    Rendering of the KRONOS MMRTMEnergy System

    “As we prepare to break ground on the KRONOS reactor prototype at UIUC, it’s time to scale our team to match our vision,” said James Walker, Chief Executive Officer of NANO Nuclear. “This is a call to the best and brightest in nuclear and energy innovation in the Midwest region—we’re building a reactor, and we need you on the team.”

    Now Hiring Across All Core Disciplines

    NANO Nuclear is actively recruiting top talent across a variety of critical disciplines for the KRONOS MMR project. Open positions include:

    • Nuclear Engineers – Fuel & materials, reactor physics, thermal hydraulics, safety, and licensing
    • Mechanical Engineers – design, structural, CAD, balance of plant
    • Electrical Engineers – Instrumentation & control (I&C), power electronics, transmission
    • Civil Engineers & Geotechnical Experts – Site layout, structural foundations, drilling operations
    • Project Managers & Construction Specialists – Full-cycle oversight from permitting through commissioning
    • QA/QC Professionals – Nuclear-grade standards, documentation, and supplier oversight
    • Licensing & Regulatory Affairs Experts – NRC and CNSC compliance and filings
    • Skilled Technicians – Fabrication, assembly, testing, and field support

    Applicants with previous experience in nuclear R&D, DOE national labs, SMR or MMR programs, or international reactor development are especially encouraged to apply.

    “Our collaboration with UIUC will be a critical operations hub for our KRONOS reactor development effort,” said Jay Yu, Founder, Chairman and President of NANO Nuclear. “It will house the growing team that’s building not only our U.S. research reactor, but also laying the foundation for our demonstration reactor deployment in Canada, which will open the path for eventual commercial rollout in both the U.S. and Canada.”

    Canadian Reactor Construction Also in Focus

    In parallel with the UIUC research reactor, Nano Nuclear is actively preparing to construct a KRONOS demonstration reactor in Canada, where it will enter the licensing process under Canadian Nuclear Safety Commission (CNSC) oversight. The effort will establish a second fully licensed KRONOS unit, positioning NANO Nuclear to efficiently move its microreactor technology through construction, demonstration, regulatory licensing and eventual commercialization across North America.

    “Canada represents an incredible opportunity for clean, reliable microreactor deployment,” added Florent Heidet, Chief Technology Officer and Head of Reactor Development of NANO Nuclear. “By expanding our team and bringing additional talents onboard, we ensure we have the capacity to deliver simultaneous full-scale projects in two countries, each with independent regulatory pathways and future market potential.”

    Join the Team Shaping the Future of Nuclear Energy

    NANO Nuclear is a company that doesn’t just imagine the future—it’s engineering it, constructing it and moving towards regulatory licensing for it. With multiple microreactor project in progress, fuel qualification methodology already accepted by the NRC, and strategic partnerships underway, NANO Nuclear is one of the most active and ambitious advanced nuclear developers in the world.

    “This recruitment drive is about finding those who want to be part of history,” said James Walker, Chief Executive Officer of NANO Nuclear. “If you want to help build the next generation of nuclear reactors from the ground up—this is your chance.”

    How to Apply

    Interested candidates can view open positions, including details regarding salary ranges and benefit offerings, and apply directly at:

    https://nanonuclearenergy.com/careers

    For inquiries, please contact:
    Email: careers@nanonuclearenergy.com
    Business Tel: (212) 634-9206

    About NANO Nuclear Energy, Inc.

    NANO Nuclear Energy Inc. (NASDAQ: NNE) is an advanced technology-driven nuclear energy company seeking to become a commercially focused, diversified, and vertically integrated company across five business lines: (i) cutting edge portable and other microreactor technologies, (ii) nuclear fuel fabrication, (iii) nuclear fuel transportation, (iv) nuclear applications for space and (v) nuclear industry consulting services. NANO Nuclear believes it is the first portable nuclear microreactor company to be listed publicly in the U.S.

    Led by a world-class nuclear engineering team, NANO Nuclear’s reactor products in development include patented KRONOS MMR™Energy System, a stationary high-temperature gas-cooled reactor that is in construction permit pre-application engagement U.S. Nuclear Regulatory Commission (NRC) in collaboration with University of Illinois Urbana-Champaign (U. of I.), “ZEUS”, a solid core battery reactor, and “ODIN”, a low-pressure coolant reactor, and the space focused, portable LOKI MMR™, each representing advanced developments in clean energy solutions that are portable, on-demand capable, advanced nuclear microreactors.

    Advanced Fuel Transportation Inc. (AFT), a NANO Nuclear subsidiary, is led by former executives from the largest transportation company in the world aiming to build a North American transportation company that will provide commercial quantities of HALEU fuel to small modular reactors, microreactor companies, national laboratories, military, and DOE programs. Through NANO Nuclear, AFT is the exclusive licensee of a patented high-capacity HALEU fuel transportation basket developed by three major U.S. national nuclear laboratories and funded by the Department of Energy. Assuming development and commercialization, AFT is expected to form part of the only vertically integrated nuclear fuel business of its kind in North America.

    HALEU Energy Fuel Inc. (HEF), a NANO Nuclear subsidiary, is focusing on the future development of a domestic source for a High-Assay, Low-Enriched Uranium (HALEU) fuel fabrication pipeline for NANO Nuclear’s own microreactors as well as the broader advanced nuclear reactor industry.

    NANO Nuclear Space Inc. (NNS), a NANO Nuclear subsidiary, is exploring the potential commercial applications of NANO Nuclear’s developing micronuclear reactor technology in space. NNS is focusing on applications such as the LOKI MMR™ system and other power systems for extraterrestrial projects and human sustaining environments, and potentially propulsion technology for long haul space missions. NNS’ initial focus will be on cis-lunar applications, referring to uses in the space region extending from Earth to the area surrounding the Moon’s surface.

    For more corporate information please visit: https://NanoNuclearEnergy.com/

    For further NANO Nuclear information, please contact:

    Email: IR@NANONuclearEnergy.com
    Business Tel: (212) 634-9206

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    Cautionary Note Regarding Forward Looking Statements

    This news release and statements of NANO Nuclear’s management in connection with this news release contain or may contain “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements mean statements related to future events, which may impact our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “potential”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. In this press release, forward-looking statement relate to the NANO Nuclear’s recruitment drive and its development, demonstration, licensing and commercial plans, each as described herein. These and other forward-looking statements are based on information available to us as of the date of this news release and represent management’s current views and assumptions. Forward-looking statements are not guarantees of future performance, events or results and involve significant known and unknown risks, uncertainties and other factors, which may be beyond our control. For NANO Nuclear, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include but are not limited to the following: (i) risks related to our U.S. Department of Energy (“DOE”) or related state or non-U.S. nuclear fuel licensing submissions, (ii) risks related the development of new or advanced technology and the acquisition of complimentary technology or businesses, including difficulties with design and testing, cost overruns, regulatory delays, integration issues and the development of competitive technology, (iii) our ability to obtain contracts and funding to be able to continue operations, (iv) risks related to uncertainty regarding our ability to technologically develop and commercially deploy a competitive advanced nuclear reactor or other technology in the timelines we anticipate, if ever, (v) risks related to the impact of U.S. and non-U.S. government regulation, policies and licensing requirements, including by the DOE, the Canadian Nuclear Safety Commission (CNSC) and the U.S. Nuclear Regulatory Commission (NRC), and (vi) similar risks and uncertainties associated with the operating an early stage business a highly regulated and rapidly evolving industry. Readers are cautioned not to place undue reliance on these forward-looking statements, which apply only as of the date of this news release. These factors may not constitute all factors that could cause actual results to differ from those discussed in any forward-looking statement, and NANO Nuclear therefore encourages investors to review other factors that may affect future results in its filings with the SEC, which are available for review at www.sec.gov and at https://ir.nanonuclearenergy.com/financial-information/sec-filings. Accordingly, forward-looking statements should not be relied upon as a predictor of actual results. We do not undertake to update our forward-looking statements to reflect events or circumstances that may arise after the date of this news release, except as required by law.

    Attachment

    The MIL Network –

  • MIL-OSI: Questor Announces December 31, 2024 Results

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) — Questor Technology Inc. (“Questor” or the “Company”) (TSX-V: QST) announced today its financial and operating results for the fourth quarter and year ended December 31, 2024.  

    Questor’s audited Condensed Consolidated Financial Statements and Management’s Discussion and Analysis for the year ended December 31, 2024 are available on the Company’s website at www.questortech.com/quarterly-reports and at www.sedarplus.ca.

    Unless otherwise noted, all financial figures are presented in Canadian dollars, prepared in accordance with International Financial Reporting Standards and are unaudited for the three months ended December 31, 2024.

    FOURTH QUARTER AND 2024 CONSOLIDATED FINANCIAL RESULTS

      Three months ended December 31,   Twelve months ended December 31,  
    For the 2024   2023   2024   2023  
    (Stated in CDN $)        
    Revenue 1,775,892   1,445,128   4,520,580   7,190,871  
    Gross profit 595,405   738,031   1,233,410   2,730,907  
    Adjusted EBITA(1) 5,246   152,543   (1,450,452)   488,787  
    Loss for the period (1,041,393)   (891,982)   (3,233,997)   (4,806,412)  
    Loss per share – basic and diluted (0.04)   (0.03)   (0.12)   (0.17)  
             
    As at         December 31, 2024     December 31, 2023  
    (Stated in CDN $)        
    Working capital(2)     7,570,934   11,844,178  
    Total assets     24,090,332   27,125,820  
    Total equity     21,110,076   24,357,652  

    (1)Non-GAAP financial measure. Refer to “Non-GAAP Financial Measures” section at the end of this MD&A.
    (2)Working capital is defined as total current assets less total current liabilities.

    Revenue for the three and twelve months ended December 31, 2024 was $1.8 million and $4.5 million compared to $1.4 million and $7.2 million for the same periods in 2023. The reduction was mainly attributed to a strategic shift in Questor’s business focus towards the international market. Questor’s USA sales team was hired in the second half of 2024 with a focus on rebuilding rental and sales revenue lost primarily due to merger and acquisition activity combined with regulatory changes in the space over the past few years. The revenue focus is primarily in the Permian basin, Colorado, North Dakota, New Mexico and Wyoming. The company is exploring potential rental opportunities in Mexico, with rental activities set to begin in Q1 2025. While short-term results were impacted by the change in our client base combined with regulatory changes, our refreshed focus on global markets with opportunities to eliminate methane and VOC emissions will position the Company for stronger, more diversified and ultimately more sustainable growth in the long term. As at the date of this press release, the Company has secured $4.5 million of committed equipment sales revenue, expected to be fulfilled in the first half of 2025.

    Gross profit as a percentage of revenue for the three and twelve months ended December 31, 2024 was 34 percent and 27 percent compared to 51 percent and 38 percent for the same periods in 2023. The reduction for the twelve and three months ended December 31, 2024 compared to the prior periods is mainly due to a lower revenue, where the Company continues to incur fixed costs and due to the revenue and sales mix. Additionally, 2024 cost of sales expense benefited from the absence of a $0.2 million valuation allowance for slow-moving inventory, which was recognized in 2023.

    Adjusted EBITDA for the three and twelve months ended December 31, 2024 was nil and negative $1.5 million, compared to positive $0.2 million and $0.5 million for the same periods in 2023. The reduction in Adjusted EBITDA is mainly due to lower revenue, where the Company continues to incur operational and administrative fixed costs.

    The Company continues to have a strong financial position at December 31, 2024 including cash and cash equivalents of $5.3 million, $1.7 million of highly liquid short-term investments, and working capital of $7.6 million.

    2024 HIGHLIGHTS AND SUBSEQUENT EVENTS

    In the fourth quarter of 2024, Questor received the final payment of $1,393,246 for the milestone one of the Waste Heat to Power project from Sustainable Development Technology Canada (“SDTC”).

    The construction of the 1500kW waste heat to power prototype neared completion in Q4, with final testing underway in Q1 2025. Commissioning is scheduled to begin in Q2 2025. Meanwhile, Questor has advanced negotiations and preparations for the prototype’s field demonstration, with the field deployment expected in the second half of 2025.

    On February 9, 2024, Questor commenced Normal Course Issuer Bid (“NCIB”) allowing Questor to purchase a maximum of 1,400,000 common shares over the 12-month period for cancellation. NCIB is effective until the earliest of (i) February 7, 2025, (ii) the Company purchasing the maximum of 1,400,000 Shares, and (iii) the Company terminating the NCIB. In connection with the current NCIB, Questor entered into an automatic share purchase plan (“ASPP”) with its designated broker to enable the purchase of shares during blackout periods during which the Company would not ordinarily be permitted to purchase shares. Purchases under the ASPP during those periods are determined by the designated broker in its sole discretion based on the purchasing parameters set by Questor in accordance with the rules of the TSX Venture Exchange, applicable securities laws and the terms of the ASPP. Outside of the periods noted above, purchases under the current NCIB are completed at Questor’s discretion. As of December 31, 2024 under the current NCIB and the instructions in place with the broker, Questor purchased for cancellation of 671,500 shares for the weighted average of $0.48. Subsequent to the year-end, the Company’s NCIB expired and was formally concluded on February 7, 2025. As a result of the NCIB, which was active from February 9, 2024 to February 7, 2025, the Company repurchased and cancelled a total of 731,500 shares at a weighted average price of $0.47 per share.

    In the first quarter of 2025, Questor announced a $0.9 million purchase order to supply clean combustion solutions for managing railcar vapours at Caltrax Inc.’s Calgary facility. During the same period, the company also secured a $2.4 million contract in Iraq, marking the second unit supplied in the MENA region for a leading global exploration and production company focused on reducing flaring and methane emissions.

    PRESIDENT’S MESSAGE

    The global regulatory landscape for emissions is rapidly evolving, with increasing pressure from regulators, courts, investors, and the public to reduce flaring and venting in industrial operations. As a result, Questor is seeing significant global interest in our technology solutions to help address these critical challenges.

    Flaring and venting not only waste valuable resources but also contribute significantly to air pollution. This practice releases methane, hydrocarbons, fine particulates (PM2.5), and volatile organic compounds (VOCs) such as benzene, toluene, ethylbenzene, xylene, formaldehyde, and acetaldehyde into the atmosphere. These harmful pollutants have been directly linked to higher cancer rates, respiratory diseases, and other chronic health conditions. Methane, in particular, is a climate “super pollutant” with 86 times the warming potential of carbon dioxide over 20 years. It is responsible for 30% of observed global warming to date, making it a key target for climate change mitigation.

    At Questor, we offer proven solutions to combat these challenges. Our ISO 14034-certified thermal oxidizer achieves a 99.99% combustion efficiency, ensuring that our clients can demonstrate compliance with emissions standards and eliminate the release of harmful pollutants. This clean combustion technology significantly reduces health risks in surrounding communities, including respiratory illnesses and cancers. Additionally, our organic Rankine cycle (ORC) repurposes heat from methane combustion, creating a revenue stream that offsets the costs of achieving net-zero carbon dioxide equivalent emissions.

    Many major oil and gas producers have pledged to reduce flaring, venting, and methane emissions while working toward net-zero goals. Questor’s innovative combination of clean combustion and waste heat-to-power technology enables our clients to meet these all these commitments at a net-zero cost.

    Questor’s multi-year strategy to intentionally diversify revenue streams globally has focussed on those jurisdictions that have created favorable conditions that have considered the environmental and social impacts of energy production and want to grow their future production in a sustainable manner. As an example, the Iraq contract awarded early 2025 in partnership with OilSERV was for TotalEnergies EP Ratawi Hub, as a part of the multi-energy Gas Growth Integrated Project (GGIP) operated by TotalEnergies. The GGIP is designed to enhance the development of Iraq’s natural resources to improve the country’s electricity supply. This 4-in-1 project comprises the recovery of gas that is currently flared at three oil fields in southern Iraq to supply electric power plants, the redevelopment of the Ratawi oil field, the construction of a 1 GWac (1.25GWp) solar farm and of a seawater treatment plant. The Questor Q5000 Unit will initially treat 2.1 MMSCFD of associated gas during the pilot phase. Subsequently, the unit will treat an additional 1.2 to 2 MMSCFD of low-pressure gas, maximizing the Q5000’s potential and reducing site GHG emissions in the frame of AGUP Phase 1 development. This is the second unit that TotalEnergies has purchased in the Middle East North Africa (MENA) region. TotalEnergies exemplifies the ideal partner for Questor’s solutions, utilizing our thermal oxidizer to reduce methane and VOC emissions, and the future potential of utilizing waste-heat in the GGIP and converting it to power with our 1.5MW Organic Rankin Cycle (ORC) generator.

    To accelerate global adoption, we have partnered with key industry leaders. In Iraq, we collaborate with OilSERV, a top-tier integrated oilfield services provider in the Middle East. In Nigeria, we are represented by Ar-Rahman Technical Services Nig. Limited. In Latin America, our partnership with Hoerbiger, an established multinational company with over 120 locations in 50 countries, further expands our reach. In Mexico, we work with JHJ and GSM Carso, leading service providers supplying units to Pemex. Over the past three years, we have built strong relationships with these partners, educating them on our technology and supporting them in client engagements. With a 25-year track record of eliminating flaring and venting, we are confident that Questor can set the standard for best practices in these regions.

    As global incentives for methane and VOC reduction continue to grow, Questor is uniquely positioned to help clients improve environmental performance while strengthening their community relations. We anticipate that both new and existing clients will view Questor as the ideal partner to accelerate the attainment of their environmental pledges—reducing emissions while simultaneously cutting costs and generating revenue.

    Finally, we acknowledge the evolving political and economic landscape and its potential impact on our operations. We have assessed the risks associated with tariffs and remain confident in our ability to adapt. With strategically positioned inventory in Canada and the United States and established supply chains across North America, Questor is well-prepared to navigate uncertainties. Our global partnerships further diversify our revenue streams, ensuring continued resilience and growth.  

    As we move forward, Questor remains committed to driving innovation, sustainability, and global leadership in emissions reduction.

    FORWARD LOOKING STATEMENTS

    Certain information in this news release constitutes forward-looking statements. When used in this news release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “seek”, “propose”, “estimate”, “expect”, and similar expressions, as they relate to the Company, are intended to identify forward-looking statements. This news release contains forward-looking statements with respect to, among other things, business objectives, expected growth, results of operations, performance, business projects and opportunities and financial results. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such statements reflect the Company’s current views with respect to future events based on certain material factors and assumptions and are subject to certain risks and uncertainties, including without limitation, changes in market, competition, governmental or regulatory developments, general economic conditions and other factors set out in the Company’s public disclosure documents. Many factors could cause the Company’s actual results, performance or achievements to vary from those described in this news release, including without limitation those listed above. These factors should not be construed as exhaustive. Should one or more of these risks or uncertainties materialize, or should assumptions underlying forward-looking statements prove incorrect, actual results may vary materially from those described in this news release and such forward-looking statements included in, or incorporated by reference in this news release, should not be unduly relied upon. Such statements speak only as of the date of this news release. The Company does not intend, and does not assume any obligation, to update these forward-looking statements. The forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    ABOUT QUESTOR TECHNOLOGY INC.

    Questor Technology Inc., incorporated in Canada under the Business Companies Act (Alberta) is an environmental emissions reduction technology company founded in 1994, with global operations. The Company is focused on clean air technologies that safely and cost effectively improve air quality, support energy efficiency and greenhouse gas emission reductions. The Company designs, manufactures and services high efficiency clean combustion systems that destroy harmful pollutants, including Methane, Hydrogen Sulfide gas, Volatile Organic Hydrocarbons, Hazardous Air Pollutants and BTEX (Benzene, Toluene, Ethylbenzene and Xylene) gases within waste gas streams at >99.99 percent efficiency per its ISO 14034 Certification. This enables its clients to meet emission regulations, reduce greenhouse gas emissions, address community concerns and improve safety at industrial sites.

    The Company also has proprietary heat to power generation technology and is currently targeting new markets including landfill biogas, syngas, waste engine exhaust, geothermal and solar, cement plant waste heat in addition to a wide variety of oil and gas projects. The combination of Questor’s clean combustion and power generation technologies can help clients achieve net zero emission targets for minimal cost. The Company is also doing research and development on data solutions to deliver an integrated system that amalgamates all the emission detection data available to demonstrate a clear picture of the site’s emission profile.

    The Company’s common shares are traded on the TSX Venture Exchange under the symbol “QST”. The address of the Company’s corporate and registered office is 1920, 707 – 8th Avenue S.W. Calgary, Alberta, Canada, T2P 1H5.

    QUESTOR TRADES ON THE TSX VENTURE EXCHANGE UNDER THE SYMBOL ‘QST’

    Investor Relations Contact

    Aly Sumar – Chief Financial Officer

    investor@questortech.com

    Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

    This document is not intended for dissemination or distribution in the United States.

    The MIL Network –

  • MIL-OSI: South Bow Safely Restarts Keystone Pipeline

    Source: GlobeNewswire (MIL-OSI)

    CALGARY, Alberta, April 16, 2025 (GLOBE NEWSWIRE) — South Bow Corp. (TSX & NYSE: SOBO) (South Bow or the Company) has safely restarted the Keystone Pipeline (Keystone) after receiving regulatory approval from the Pipeline and Hazardous Materials Safety Administration (PHMSA), following South Bow’s response to an oil release at Milepost 171 (MP-171) of Keystone on April 8, 2025, near Fort Ransom, North Dakota.

    South Bow is actively progressing its response and recovery efforts, having repaired and replaced the impacted pipe, and recovered substantially most of the estimated release volume of 3,500 barrels of oil, working now to remediate the impacted soil. South Bow’s primary focus remains the safety of onsite personnel and mitigating risks to the environment and the community surrounding Fort Ransom. South Bow will continue its clean-up activities until the site has been fully remediated, with continuous air quality monitoring steadily showing no indication of adverse health or public concerns. South Bow will continue working closely with regulators, local officials, landowners, and the community.

    Corrective Action Order

    On April 11, 2025, PHMSA issued a Corrective Action Order (CAO), requiring South Bow to undertake certain corrective actions in response to the MP-171 incident. As part of the CAO, South Bow developed a restart plan that was subsequently approved by PHMSA, authorizing Keystone’s return to service under certain operating pressure restrictions. South Bow is committed to the safe operation of Keystone and has notified the Canada Energy Regulator that the Company is also implementing certain operating pressure restrictions on the Canadian sections of the pipeline. The pipeline was operating within its design and regulatory approval requirements at the time of the incident. In addition to working closely with regulators, South Bow will work closely with customers during Keystone’s return to service.

    South Bow will continue providing timely updates as information becomes available on its website at www.southbow.com/incident-response.

    Forward-looking information and statements

    This news release contains certain forward-looking statements and forward-looking information (collectively, forward-looking statements), including forward-looking statements within the meaning of the “safe harbor” provisions of applicable securities legislation, that are based on South Bow’s current expectations, estimates, projections, and assumptions in light of its experience and its perception of historical trends. All statements other than statements of historical facts may constitute forward-looking statements. In some cases, forward-looking statements can be identified by terminology such as, “anticipate”, “will”, “expect”, “estimate”, “potential”, “future”, “outlook”, “strategy”, “maintain”, “ongoing”, “intend”, and similar expressions suggesting future events or future performance. In particular, this news release contains forward-looking statements, including with respect to response, recovery and clean-up efforts; notification and forthcoming updates regarding the oil release; and regulatory, landowner, community, and customer engagement.

    The forward-looking statements are based on certain assumptions that South Bow has made in respect thereof as at the date of this news release regarding, among other things: oil and gas industry development activity levels and the geographic region of such activity; that favourable market conditions exist and that South Bow has and will have available capital to fund its capital expenditures and other planned spending; prevailing commodity prices, interest rates, inflation levels, carbon prices, tax rates, and exchange rates; the ability of South Bow to maintain current credit ratings; the availability of capital to fund future capital requirements; future operating costs; asset integrity costs; that all required regulatory and environmental approvals can be obtained on the necessary terms in a timely manner; and prevailing regulatory, tax, and environmental laws and regulations.

    Although South Bow believes the assumptions and other factors reflected in these forward-looking statements are reasonable as of the date hereof, there can be no assurance that these assumptions and factors will prove to be correct and, as such, forward-looking statements are not guarantees of future performance. Forward-looking statements are subject to a number of known and unknown risks and uncertainties that could cause actual events or results to differ materially, including, but not limited to: the regulatory environment and related decisions and requirements; the impact of competitive entities and pricing; reliance on third parties to successfully operate and maintain certain assets; the strength and operations of the energy industry; weakness or volatility in commodity prices; non-performance or default by counterparties; actions taken by governmental or regulatory authorities; the ability of South Bow to acquire or develop and maintain necessary infrastructure; fluctuations in operating results; adverse general economic and market conditions; the ability to access various sources of debt and equity capital on acceptable terms; and adverse changes in credit. The foregoing list of assumptions and risk factors should not be construed as exhaustive. For additional information on the assumptions made, and the risks and uncertainties which could cause actual results to differ from the results implied by forward-looking statements, refer to South Bow’s annual information form dated March 5, 2025, available under South Bow’s SEDAR+ profile at www.sedarplus.ca and, from time to time, in South Bow’s public disclosure documents, available at www.sedarplus.ca, www.sec.gov, and on South Bow’s website at www.southbow.com.

    The forward-looking statements contained in this news release speak only as of the date hereof. South Bow does not undertake any obligation to publicly update or revise any forward-looking statements or information contained herein, except as required by applicable laws. All forward-looking statements contained in this news release are expressly qualified by this cautionary statement.

    Contact information

    Investor Relations
    Martha Wilmot
    investor.relations@southbow.com    		 Media Relations & Community Enquiries
    Solomiya Lyaskovska
    communications@southbow.com

    The MIL Network –

  • MIL-OSI: UAB „Atsinaujinančios energetikos investicijos“ publishes audited consolidated and separate annual financial statements for 2024

    Source: GlobeNewswire (MIL-OSI)

    UAB “Atsinaujinančios energetikos investicijos” (the Company) publishes its audited annual consolidated and separate financial statements for 2024 together with Company’s and Group‘s annual report for 2024

    Financial results

    The Company’s objective is to earn a return for the Company’s investors from investments in renewable energy infrastructure facilities and related assets. The main financial indicators for the period were:

    • As at 31 December 2024, the Company’s total assets were EUR 189,795 thousand, total equity was EUR 100,476 thousand, and total liabilities were EUR 89,319 thousand.
    • As at 31 December 2024, the Company’s investment assets at fair value through profit or loss were EUR 159,902 thousand, which compared to 31 December 2023, decreased by EUR 20,158 thousand or 11.20%. The decline in fair value of the investment portfolio was mainly driven by the results of the independent annual valuation of the Company’s shares. Specifically, the value of the Company’s solar assets in Poland primarily decreased due to electricity price curve forecasts being significantly lower than the electricity price curve utilised in the Company’s valuation in the fourth quarter of 2023.
    • From January to December 2024, the Company reported a comprehensive loss of EUR 14,824 thousand, primarily attributed to the negative fair value change in the investment portfolio resulting from the independent annual valuation of the Company’s shares.

    Review of performance and development

    • In December 2024, the Company successfully divested its 65.5 MW operating solar portfolio in Poland, Energy Solar Projekty sp. z o.o. This divestment marks the Company’s first significant exit in its core portfolio.
    • The construction of the 67.8 MW total capacity portfolio for PV Energy Projects sp. z o.o. is nearing completion. As of the fourth quarter of 2024, 44.8 MW of this capacity is operational, with a Commercial Operation Date (COD) anticipated for September 2025.
    • The construction of the PL SUN sp. z o.o. portfolio, with a total capacity of 114.7 MW, is progressing through two distinct development phases. The first phase, encompassing 66.6 MW, saw substantial completion in the second quarter of 2024, with 26.4 MW energized by the close of the fourth quarter. The remaining capacity of 40.2 MW is scheduled to be energized by the second quarter of 2025. Construction on the second phase, totalling 48.1 MW, commenced in the fourth quarter of 2024, with energization expected by the fourth quarter of 2025.
    • The Company holds 25% of shares of UAB Žaliosios investicijos, which manages the 185.5 MW portfolio, consisting of 34 wind turbines in Lithuania. The energy production license for the Anykščiai wind farm was secured in August 2024, and licenses for the Jonava and Rokiškis wind farms are anticipated in the second quarter of 2025.
    • The development permit for a hybrid power plant with a capacity of 100 MW of wind and 70 MW of solar, being developed by UAB Ekoelektra, has been granted. The technical design project has been initiated and submitted to the Transmission System Operator (Lidgrid) for coordination, ensuring adherence to grid requirements for effective integration into the national electricity network.
    • UAB JTPG submitted the grid connection technical project for a 70 MW solar PV project to Litgrid for approval in the third quarter of 2024, marking a significant step in the project’s development.
    • The development permit for a hybrid power plant developed by UAB KNT Holding, which includes 390 MW of wind, 250 MW of solar, and a Battery Energy Storage System (BESS) of 50 MW / 200 MWh, has also been granted. The technical design project has been initiated and submitted to the Lidgrid for coordination.
    • For the 112 MW wind park development project in Latvia managed by Zala Elektriba SIA, the grid connection deadline was extended in the third quarter of 2024, with balance of plant works commencing in the fourth quarter of 2024.

    Shareholders’ meeting

    According to the Law on Companies of Republic of Lithuania, the annual financial statements prepared by the Management are authorised by the General Shareholders’ meeting. The shareholders hold the power to not approve the annual financial statements and have the right to request new financial statements to be prepared. 

    The shareholders of the Company will vote on approving the Group‘s and Company’s 2024 financial statements at a shareholders’ meeting to be held on 30 April 2025. The meeting will also consider a proposal for the distribution of profits. The proposed profit allocation is as follows:

    Article Thousand, EUR
    Retained earnings (loss) – at the beginning of financial year 31,450
    Comprehensive income (loss) for the reporting period – net profit for the current year (14,424)
    Profit transfer to the legal reserve (250)
    Retained earnings (loss) – at the end of financial year 16,376
    Profit distribution:  
    Profit transfer to the legal reserve –
    Profit transfer to other reserves –
    Profit to be paid as dividends –
    Retained earnings (loss) at the end of the financial year for 2024 and previous financial periods 16,376

    Contact person for further information:
    Mantas Auruškevičius
    Manager of the Investment Company
    Mantas.Auruskevicius@lordslb.lt 

    Attachments

    The MIL Network –

  • MIL-OSI Russia: Scientific developments of Rosneft-class students win all-Russian competition

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    Research projects by students of Rosneft classes from Buzuluk and Sorochinsk were recognized as the best at the All-Russian forum-competition of research projects “School Premier League” in St. Petersburg.

    The final of the forum was held at the Empress Catherine II Mining University under the auspices of the Russian Federation Commission for UNESCO. The forum is aimed at finding and supporting talented senior school students to enter specialized universities that graduate specialists in the mineral resources complex.

    The winners of the competition included students of the specialized “Rosneft-classes” Ilya Grabar, Yulia Mustaeva, Tatyana Plaksina and Alina Galieva. Ilya presented a project of a mobile analyzer of the state of drilling mud during drilling. Its design includes a cleaning system that removes metal particles, rock and other impurities in real time. Thus, the mobile analyzer will extend the service life of the equipment, will contribute to safe and cost-effective drilling.

    Alina Galieva’s project attracted particular interest from the competition experts. Using a self-designed model, the girl demonstrated the possibility of using self-healing overhead power lines. Due to the special design of the fastening (without rigid fixation of the wire and the use of sliding suspension rollers), the wires are not damaged, which significantly increases the reliability and uninterrupted power supply to wells. The innovation is especially relevant for facilities located in wooded areas, where there is a high probability of damage to electrical wires due to falling branches or trees.

    Yulia Mustaeva developed her strategy for attracting and retaining young specialists, and Tatyana Plaksina presented a facial recognition program.

    In total, more than 800 research papers from all over the country were submitted to the selection round of the competition. The works of 14 students of Rosneft-classes from Orenburg reached the final, and eight of them became prize winners. In total, 48 people became winners of the competition in various nominations this year, 145 participants received prizes.

    As part of the forum, Rosneft-class students took part in educational interactive lectures, quests and events with leading Russian scientists. The children also visited the Mining Museum and the Mining University laboratory.

    The Rosneft-2030 strategy provides for the implementation of various projects in the field of education and development of the Company’s human resources. Orenburgneft, a Rosneft production asset, has been supervising specialized classes in the Orenburg region for over ten years. The company systematically improves the material and technical, scientific and educational bases of schools, equips them with modern computer technology and digital equipment. The company’s specialists introduce students to the work of production sites during interactive excursions, organizing meetings with industry experts.

    Reference:

    The Saint Petersburg Mining University of Empress Catherine II is a partner university of Rosneft. The company supports the University’s proposals to develop Russian engineering education. One of the results of the joint work was the inclusion of a group of specialties “Oil and Gas Engineering and Technology” in the higher education of the Russian Federation.

    Orenburgneft is a key subsidiary of Rosneft in the Volga region, and has been operating for over 60 years. The company has a corporate system of continuous education, “school – college/university – enterprise”. Personnel training begins in Rosneft classes, which operate in three schools in the region. Over eleven years, 587 students have graduated from specialized classes and continued their education at leading universities in the country, of which about 70% entered the company’s specialized specialties.

    Department of Information and Advertising of PJSC NK Rosneft April 16, 2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI United Kingdom: TUV welcome victory for women in Supreme Court judgement

    Source: Traditional Unionist Voice – Northern Ireland

    Statement by TUV North Antrim MLA Timothy Gaston:

    “I am delighted to see that the UK Supreme Court has ruled so comprehensively in favour of common sense and biological reality. This is a devastating blow to those who have sought to peddle the fiction that a man can magically become a woman or vice versa.

    “Paragraph 265 of the judgement spells out important points including:
    The Gender Recognition Act did not change the meaning of the terms man and woman in the 1975 Sex Discrimination Act;
    The Sex Discrimination Act refers to biological sex;
    The Equality Act of 2010 did not modify the meaning of man and woman and
    There are aspects of life which require a biological interpretation of sex including changing rooms and medical services.

    “There is an onus on the devolved administration in Stormont to take note of today’s ruling.

    “The funding of Stonewall – which receives public money both via the Sinn Fein lead Department of Finance and the Sinn Fein and DUP lead Executive Office – must cease.

    “Policy documents such as the Inclusive Language Guide which was produced by the Finance Department and seeks to discourage the use of words such as mother, wife and girlfriend must be withdrawn.

    “There can be no more nonsense of the Executive Office producing policy documents like their flagship Violence Against Women and Girls document while refusing to say what a woman is.

    “The Justice Minister must revisit her policy on housing men in female prison space.

    “The Alliance chair of the Executive Office Committee needs to consider the judgement carefully and reflect on how she has chaired meetings in light of the same – although one fears that she may regard it as “gratuitously offensive” given her reaction when I pointed out similar facts in committee.

    “Furthermore, there can now be no question of the inquiry into gaps in equality legislation pushing Stormont down the same road as the Scottish Government who so comprehensively lost today.”

    TUV party secretary Ann McClure added:
    “I am proud to be a member of a party which has always taken a stand for women’s rights in relation to these matters. We never bought the nonsense that you can change your gender like you change your socks and are pleased that the highest court in the land has sided with common sense.

    “I very much hope that the powers that be in Stormont take this ruling seriously and revisit their policies accordingly.”

    MIL OSI United Kingdom –

  • MIL-OSI Russia: Rosneft held a motor rally in Krasnoyarsk Krai in honor of the 80th anniversary of the Great Victory

    Translartion. Region: Russians Fedetion –

    Source: Rosneft – Rosneft – An important disclaimer is at the bottom of this article.

    The RN-Vankor company (an extractive asset of Rosneft) organized a motor rally in honor of the 80th anniversary of the Victory in the Great Patriotic War, the route of which ran through the key facilities of the Vostok Oil project.

    Cars with the Victory Banner covered a distance of more than a thousand kilometers across the tundra – from the Vankor field to the port of Bukhta Sever on the shore of the Kara Sea.

    The rally participants made stops at production facilities, where they shared memories of their relatives, participants in the Great Patriotic War, with colleagues and honored their memory with a minute of silence.

    An important point of the rally was the village of Dikson, the northernmost settlement in Russia and the only point on the map of Krasnoyarsk Krai where battles took place during the Great Patriotic War. In August 1942, one of the northernmost battles took place in the Kara Sea. The German cruiser Admiral Scheer attacked the Soviet port of Dikson as part of Operation Wunderland, but encountered fierce resistance and was forced to retreat. This battle became a symbol of the unbending courage of the Soviet defenders, who thwarted the enemy’s plans to capture the strategically important port of the Northern Sea Route.

    The rally finished at the port of “Bukhta Sever”, where oil workers laid flowers at the Memorial in honor of the 80th anniversary of the defense of Dikson in memory of the heroism of Soviet Northern Fleet soldiers.

    Reference:

    RN-Vankor LLC, a subsidiary of PJSC NK Rosneft, is the operator of the Vostok Oil project in the north of Krasnoyarsk Krai. It includes the Vankor (Vankor, Suzunskoye, Tagulskoye and Lodochnoye) and Payakhsky cluster fields located in the north of Krasnoyarsk Krai.

    Department of Information and Advertising of PJSC NK Rosneft April 16, 2025

    Please note: This information is raw content directly from the source of the information. It is exactly what the source states and does not reflect the position of MIL-OSI or its clients.

    MIL OSI Russia News –

  • MIL-OSI: Beam Global Expands into Romania with First EV ARC™ Sales and Prestigious Innovation Award

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, April 16, 2025 (GLOBE NEWSWIRE) — Beam Global (Nasdaq: BEEM), a leading provider of innovative and sustainable infrastructure solutions for transportation electrification and energy security, today announced the sale of its first EV ARC™ systems in Romania. This expansion marks a significant milestone as the country accelerates its transition to renewable energy in alignment with the European Union’s climate goals.

    Romania, targeting 34% renewable energy production by 2030 under the EU’s Renewable Energy Directive, is increasingly prioritizing clean transportation solutions. Beam Global’s off-grid, solar-powered EV ARC™ systems offer a transportable, construction-free, and utility-free solution for electric vehicle (EV) charging and energy security, perfectly suited to meet the country’s growing demand for sustainable infrastructure.

    Beam Global’s first sales in Romania has been executed by its Romanian reselling agent, Seltis Glass Design SRL, with whom the company has an existing successful relationship through its European subsidiary, selling street lighting solutions. This transaction demonstrates the efficacy of Beam Global’s strategy of leveraging external sales partners with proven track records in selling energy and transportation infrastructure products within key territories targeted by the company.

    “Beam Global’s products provide a perfect solution for Romania’s electrification of transportation and energy security challenges,” said Alin Tanasi, Managing Director of Seltis Glass Design. “We have been successfully selling infrastructure products to government and enterprise entities in Romania for over a decade. We are excited about the opportunity to present Beam Global’s products to our existing and new customers. Beam Global’s unique benefits and innovative attributes were recognized at the 2025 Congress of Mayors. Many of those are already our customers and relationships. We believe we are off to a very good start and look forward to a successful relationship with Beam Global.”

    In recognition of its role in driving innovation and enabling clean mobility, Beam Global was presented with the Award for Innovation in Sustainable Infrastructure at the 2025 Congress of Mayors and Local Administration of Romania. The award, presented by Eduard Dumitrascu, President of the Romanian Association for Smart City and Mobility, was accepted by Desmond Wheatley, CEO of Beam Global, on behalf of the company and its dedicated team.

    “Romania has one of the fastest growing economies in Europe,” said Desmond Wheatley, CEO of Beam Global. “There is significant internal and EU investment in the electrification of transportation and sustainable energy infrastructure. Beam Global’s products are timely and ideally suited to solve for the expanding requirements in Romania. Securing our first sales here through a local reseller and being recognized for the innovative value that our products deliver at a congress of mayors and other government decision makers bode well for our growth opportunities in that country. This is another example of how our geographic expansion strategy enables us to increase sales without increasing investment. We intend to continue to replicate this model across the region.”

    Beam Global was recognized “for developing and implementing advanced technological solutions that promote clean mobility and energy efficiency, significantly contributing to the transition toward a greener and more sustainable future.”

    About Beam Global
    Beam Global is a clean technology innovator which develops and manufactures sustainable infrastructure products and technologies. We operate at the nexus of clean energy and transportation with a focus on sustainable energy infrastructure, rapidly deployed and scalable EV charging solutions, safe energy storage and vital energy security. With operations in the U.S. and Europe, Beam Global develops, patents, designs, engineers and manufactures unique and advanced clean technology solutions that power transportation, provide secure sources of electricity, save time and money and protect the environment. Beam Global is headquartered in San Diego, CA with facilities in Broadview, IL and in Europe in Belgrade and Kraljevo, Serbia. Beam Global is listed on Nasdaq under the symbol BEEM. For more information visit BeamForAll.com, LinkedIn, YouTube, Instagram and X (formerly Twitter).

    Forward-Looking Statements
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    The MIL Network –

  • MIL-OSI Economics: 16 April 2025 EEF travelling session dedicated to scientific and educational partnership between the Russian Far East and Indonesia was held in Jakarta As part of the Russia–Indonesia Business Forum in Jakarta, the Eastern Economic Forum held a travelling session entitled ‘Expanding Business Interaction through the Mechanisms of Scientific and Educational Partnership between the Russian Far East and Indonesia’. It was devoted to the prospects for cooperation between the Far East and Indonesian regions in the educational sphere.

    Source: Eastern Economic Forum

    16 April 2025

    EEF travelling session dedicated to scientific and educational partnership between the Russian Far East and Indonesia was held in Jakarta

    As part of the Russia–Indonesia Business Forum in Jakarta, the Eastern Economic Forum held a travelling session entitled ‘Expanding Business Interaction through the Mechanisms of Scientific and Educational Partnership between the Russian Far East and Indonesia’. It was devoted to the prospects for cooperation between the Far East and Indonesian regions in the educational sphere.

    The panel discussion was attended by representatives of leading universities and specialized departments from Russia and Indonesia. The speakers included Ahmad Najib Burhani, Director General for Science and Technology at the Ministry of Higher Education, Science and Technology of the Republic of Indonesia; Tatachipta Dirgantara, Rector of the Bandung Institute of Technology; Evgeny Vlasov, Vice-Rector for International Relations of the Far Eastern Federal University (FEFU); Tri Andika Kurniawan, Vice-Chancellor of Bakri University; Yury Marfin, Rector of the Pacific State University (PSU);  Hamdi Muluk, Vice-Chancellor for Research and Innovation, University of Indonesia; Elena Kharisova, General Director of the Fund for Development of the Russky Innovation Science and Technology Centre. The moderator was Elvira Nurgalieva, Deputy Minister of the Russian Federation for the Development of the Far East and the Arctic.

    During her speech, Elvira Nurgalieva noted that the scientific and educational partnership between the Far Eastern Federal District as a region of the Russian Federation and the Republic of Indonesia is not just an exchange of knowledge, but a valuable practical tool for expanding business cooperation.

    “Implementing joint training programmes, launching new research projects, working to improve the quality of education – all this can create a basis for long-term economic cooperation. We attribute an important role in this process to the work of the Innovation Science and Technology Centre on Russky Island. We are creating a concentrate of science, technology, education and production at the ISTC, where comprehensive programmes will be implemented with government support to attract the best scientists, engineering teams, and specialists in various fields of science and technology, including world-class ones. ISTC will become an important platform for interaction with scientists from Asia-Pacific countries, in particular Indonesia,” noted Elvira Nurgalieva.

    In turn, Yuri Marfin noted that expert support for the development of the Far East and strengthening Russia’s influence in the Asia–Pacific region are tasks that are part of the PSU development programme.

    ‘That is why we prioritize the development of co-operation with representatives of the academic and business sectors of the Asia–Pacific Region. Universities can and should become a significant entry point to start a meaningful dialogue on cooperation in science and technology. To address these challenges, our university has been increasing the number of international students, including those from Indonesia, year after year. We have developed entrepreneurship training programmes for students and implement them both in Russia and in our partner universities in the Asia–Pacific region. We design joint business missions to exchange topical projects. The joint development of young people through university education in our countries, academic and cultural exchanges is the key to long-term and effective co-operation. We are making the greatest efforts in this direction,’ emphasized Yuri Marfin.

    Boris Korobets noted that FEFU has been a key partner in the development of Russian-Indonesian co-operation in science, education and new technologies for more than a decade.

    ‘We are joining forces with scientists from Indonesia to solve urgent problems in medicine, pharmaceuticals and biotechnology development. Today, FEFU is the largest scientific and educational hub in the Far East with a network of more than 200 partners in APR countries. Our university has 3,500 international students, and we plan to increase this number to 7,500 by 2030. The university has access to unique infrastructure for joint initiatives, including the Russky Island ISTC, which is a special economic zone with attractive tax preferences. Our technologies can make a significant contribution to Indonesia’s ambitious oil and gas targets, while our expertise in biodiversity monitoring will help with environmental projects for ocean conservation. The synergy of science, education and business that we are creating at FEFU will become a powerful platform for developing Russian-Indonesian co-operation and solving the global challenges of our countries,’ said Boris Korobets.

    ‘Bakrie University, part of the Bakrie Group ecosystem, is focused on addressing the challenge of ‘connectivity and alignment’ between industry needs and the higher education system. This is fulfilled through active engagement with industry. Currently 250 Bakrie Group companies support the university in the implementation of apprenticeship programmes. Bakrie University expresses its readiness to cooperate with Russian universities through internship programmes for students from Russia at Bakrie Group enterprises,’ said Vice Chancellor of Bakrie University Tri Andika Kurniawan.

    Igor Pavlov, First Deputy CEO of the Roscongress Foundation and Director of the Eastern Economic Forum, emphasized that international communication platforms are a working tool for establishing interstate cooperation in the Asia-Pacific region.

    ‘The Eastern Economic Forum demonstrates sustainable development dynamics, consistently strengthening its position as a global discussion platform for developing strategic solutions, including in the sphere of new technologies, education and science. As a new co-operation architecture is being formed, we are concentrating our efforts on deepening the international track. In this regard, we are actively co-operating with the Ministry for the Development of the Far East and the Arctic, demonstrating the EEF’s capabilities at international events. This allows us not only to scale the business agenda, but also to build long-term partnerships with Asia–Pacific countries,’ said Igor Pavlov.

    ‘Today’s meeting was a starting point for meaningful dialogue and joint work. The next session, a large-scale gathering of university rectors from Indonesia and Russia lies ahead. There we will continue to communicate on a more substantive plane, focusing on the development of joint educational and scientific programmes. Our countries have long-standing friendly relations, cultural proximity and mutual aspirations for development. Today, all rectors have demonstrated openness, interest and readiness for co-operation. I take this opportunity to invite all participants to join us at the Eastern Economic Forum, which is held annually in Vladivostok with the participation of the President of the Russian Federation. This is a great opportunity to get a closer look at the economic potential of the Far East, its development programmes, and the region’s key venues – namely, FEFU and the Russky Island Innovation Science and Technology Centre – as part of the Indonesian delegation,’ Elvira Nurgalieva summed up the Eastern Economic Forum’s outgoing session in Jakarta.

    The Russia–Indonesia Business Forum was held on 14 April in Jakarta as part of the 3rd meeting of the Russian-Indonesian Joint Commission on Trade, Economic and Technical Cooperation. The organizers were the Roscongress Foundation under the Roscongress International brand and the Indonesian Chamber of Commerce and Industry (KADIN).  The Forum was supported by the Ministry of Industry and Trade of the Russian Federation, the Ministry of Economic Development of the Russian Federation, the Ministry of Energy of the Russian Federation, the Ministry of the Russian Federation for the Development of the Far East and the Arctic, and the Russia–ASEAN Business Council. A multi-sectoral business mission organized by the Russian Export Center was also launched as part of the Business Forum. More than 30 companies from 12 regions are presenting their solutions to potential partners under the national brand ‘Made in Russia’ with the support of the REC.

    The EEF Business Forum session was part of the large-scale cultural and educational project ‘The Word about the Russian Heart’, dedicated to the 75th anniversary of diplomatic relations between Russia and Indonesia and the 100th anniversary of Rossotrudnichestvo. The discussion was organized by the Ministry of the Russian Federation for the Development of the Far East and the Arctic together with the Far East and Arctic Development Corporation (FEDC), the Roscongress Foundation, the Federal Agency for the Commonwealth of Independent States, Compatriots Living Abroad and International Humanitarian Cooperation (Rossotrudnichestvo), and the New City Creative Industries Centre.

     

    Read more

    MIL OSI Economics –

  • MIL-OSI Asia-Pac: LCQ19: Operation of Hong Kong Investment Corporation Limited

    Source: Hong Kong Government special administrative region

         Following is a question by the Hon Adrian Ho and a written reply by the Secretary for Financial Services and the Treasury, Mr Christopher Hui, in the Legislative Council today (April 16):

    Question:

         The Chief Executive announced in the 2022 Policy Address the establishment of the Hong Kong Investment Corporation Limited (HKIC) to be responsible for managing $62 billion of investments. It has been reported that as at March this year, HKIC has invested in about 100 projects at different stages of development. There are views that while HKIC has been in operation for more than two years, there is a lack of transparency as it has yet to disclose detailed information on, among others, the progress of its investments and the remuneration levels of its various senior management staff. This has also aroused concern about whether HKIC can really do a good job in vetting its investments in cutting-edge industries, such as biotechnology, financial technology and big data. In this connection, will the Government inform this Council whether it knows:

    (1) the total amount of investments currently managed by HKIC; the respective total expenditure (other than staff remuneration) and total income of HKIC in the past year;

    (2) the establishment (including staff at all levels) approved by the Board of Directors of HKIC since its establishment; the total expenditure on the remuneration of its staff and the expenditure on the remuneration of its various senior management staff in the past year;

    (3) the composition of the Investment Committee under the Board of Directors of HKIC, the investment experience of its members (e.g. the direct or indirect investment and merger and acquisition projects in which they have taken part, and the corresponding amounts of investments made in such projects), and the respective investment decision-making process of the Investment Committee;

    (4) the number of days HKIC has operated since its establishment, the total number of investment projects vetted and screened, and the average number of hours required for vetting and screening an investment project;

    (5) among the 100 or so investments made by HKIC, of the names of the enterprises in each investment, industries to which they belong, their nature (that is, whether they are direct or indirect investments), the percentage of shareholding, the projected rate of return on the investments, the investment period, and whether there is any exit mechanism;

    (6) given that HKIC will organise the Roundtable for International Sovereign Wealth Funds and the Summit on Start-up Investment and Development in Hong Kong, of the respective estimated expenditure and objectives of these two events; and

    (7) whether HKIC has formulated various performance indicators or quantifiable standards (including but not limited to the number of enterprises facilitated to be listed in Hong Kong, the number of new job opportunities, the share of the industries in the Gross Domestic Product, and the definition of reasonable medium-to-long-term financial returns, etc.), so as to achieve the objective of enhancing Hong Kong’s long-term competitiveness and economic vitality?

    Reply:

    President,

         In consultation with the Hong Kong Investment Corporation Limited (HKIC), the reply to the seven parts of the question is as follows:

         In the 2022 Policy Address, the Chief Executive announced the establishment of the HKIC to manage a total of HK$62 billion under the Hong Kong Growth Portfolio, Greater Bay Area Investment Fund, Strategic Tech Fund, and Co-Investment Fund. The positioning of the HKIC is to capitalise the power of “Patient Capital” to channel market capital and leverage market resources, with a view to attracting technology enterprises to set up and continue their operations in Hong Kong, thereby accelerating the development of a vibrant strategic industry ecosystem, while seeking a reasonable financial return over the medium to long term.

    Investment Work Progress and Due Diligence

         Since its establishment, the HKIC has invested in more than 100 projects, including enterprises with cutting-edge technologies or in key industries. These projects are medium-to-long-term investments. Key themes include Hard & Core Technology, Biotechnology and New Energy & Green Technology, with the proportions being 56 per cent, 16 per cent and 11 per cent respectively based on the invested amount.

         With the further implementation of the HKIC’s investment, the relevant impact has become increasingly apparent, including (1) further activating the relevant innovation and technology (I&T) ecosystem in Hong Kong, attracting more cutting-edge technology enterprises to set up their operations in Hong Kong or expand their scientific research teams in Hong Kong, enabling Hong Kong-based start-ups to explore and expand into Asian and international markets, and facilitating more cross-sector and cross-industry exchanges between the technology and industry segments; and (2) leveraging market capital to support the development of local technology enterprises.

         The HKIC actively collaborates with different investment institutions, jointly making investment with them, and promoting the continuous development and application of cutting-edge technologies in Hong Kong. As of March 2025, every Hong Kong dollar invested by the HKIC has attracted over four Hong Kong dollars from long-term capital in the market for investment. Each of the above projects has on average investment participation from two to three investment institutions.

         The HKIC has clear requirements for investee companies to contribute to Hong Kong’s development in a sustainable manner, such as requiring the companies to establish offices in Hong Kong, nurture and attract talents, establish research and development departments and/or corporate venture capital (corporate VC) departments in Hong Kong, and prioritise Hong Kong for their listing. Many investee companies have made good progress in attracting capital and talents as well as exploring new markets, which has accelerated their planning for business development with Hong Kong as the platform. Certain investee companies have submitted their listing applications to the Hong Kong Exchanges and Clearing Limited.

         In order to maximise the contribution of each investment to Hong Kong and to fully leverage the channelling force of the HKIC’s capital, the HKIC currently focuses on making direct and co-investments. Notwithstanding, having regard to the specific circumstances of each project (including geographical locations, investment themes, financing rounds, legal and compliance considerations), the HKIC will flexibly adopt different strategies, including but not limited to modes of investment such as equity, debt, or a combination of both, as well as different holding arrangements (including structure, holding period, and design of exit clauses).

         The HKIC has a robust due diligence and risk assessment mechanism. Drawing reference from the approach adopted by other long-term capital and institutional investors in the market, in addition to its internal team, the HKIC will hire external experts and institutions to support its relevant work when necessary. The time required for reviewing and screening varies for each project having regard to the differences in the specific circumstances of the project. Moreover, all investment projects are reviewed and approved by the Board of Directors (Board) or the Investment Committee under the Board.

    Organisational Structure and Governance and Operational Arrangements

         The HKIC’s organisational structure and operational arrangements (including budget) are reviewed and approved by the Board. Currently, the HKIC has four major departments, namely the Investment Department, Risk and Compliance Department, Legal Department and Corporate Affairs Department, with a total headcount of 53. With the full commencement of the HKIC’s work, the organisational structure is expected to be further strengthened, particularly on post-investment monitoring and legal areas.

         The HKIC reports to its Board on matters relating to its operations and investments. Apart from officials from the relevant government bureaux, the Board also comprises industry leaders from non-official backgrounds, including experts, academics and professionals with specialised technological backgrounds and extensive start-up experience. All investment projects are reviewed and approved by the Board or the Investment Committee under the Board. The Board will continue to review the governance and operational arrangements of the HKIC as and when appropriate, taking into account the direction of investment and the development needs of Hong Kong.

         With a view to allowing the public to have a more comprehensive understanding of the HKIC’s operation and business outcomes, the HKIC plans to publish its inaugural annual report in the second half of this year to present the progress of its operation and investment.

    Events to Promote Investment

         The HKIC is pressing ahead with the organisation of the 2025 Hong Kong Start-up Investment and Development Summit and the International Forum for Patient Capital (Forum). These two events will bring together key stakeholders from I&T field spanning government, industry, academic, research and investment sectors, providing them with a platform to exchange multi-dimensional views regarding topics on I&T, entrepreneurship and venture investment of Hong Kong, with a view to joining hands in building a vibrant ecosystem. In addition, the Forum will invite international “Patient Capital” investment organisations, including sovereign wealth funds, to attend, and encourage them to actively engage in Hong Kong’s financial market and I&T ecosystem. The HKIC is taking forward the preparatory work and will announce the details of the events in due course.

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: Ambassadors’ Meet Organized by MDoNER Garners Huge Support from Foreign Diplomats to Explore Endless Possibilities in NER

    Source: Government of India

    Posted On: 16 APR 2025 11:01AM by PIB Delhi

    In a significant step toward enhancing international cooperation and fostering global investment in India’s vibrant North East, Ministry of Development of North Eastern Region (MDoNER)  organized Ambassadors’ Meet  in New Delhi on April 15, 2025.  Ambassadors, High Commissioners, and senior diplomatic representatives from over 80 countries participated . The event was aimed at showcasing the immense potential of the North Eastern Region (NER) and strengthening bilateral ties for sustainable development.

    The Ambassadors’ Meet was graced by Hon’ble Minister of Development of North Eastern Region, Shri Jyotiraditya M. Scindia, who emphasized the strategic importance of the region, both economically and geopolitically. In his keynote address, the Hon’ble Minister highlighted Indian Government’s commitment to transforming the North East into a hub of connectivity, trade, and innovation. He also underlined that each of the eight states of the North East embodies unique strengths, resources and opportunities, making the region an invaluable asset in India’s growth story. From its rich cultural diversity to its natural beauty and strategic location, the North Eastern Region holds immense potential to emerge as one of the country’s leading economic powerhouses. Its proximity to Southeast Asia also positions the North Eastern Region as a gateway to South East Asian countries, aligning with India’s Act East Policy. Hon’ble Minister extended an invitation to the participating countries to explore opportunities in NER, capitalizing on the region’s rich resources and craftsmanship.

    Hon’ble Minister of State, MDoNER, Dr. Sukanta Majumdar, in his address highlighted the immense potential of North Eastern region. Sharing the vision of Hon’ble Prime Minister, he explained how North Eastern States offers great aspects for investment opportunities and building a “Viksit Bharat” together. He highlighted the major development initiatives in the infrastructure sector that have taken place in the North Eastern Region under the leadership of Hon’ble Prime Minister during the last 10 years, inter-alia, including expanding air, road and rail connectivity, waterways etc. He also underlined that Hon’ble Prime Minister emphasized North East as India’s Asthalakshmi, a key economic asset poised for rapid industrialization. He stated that with ample opportunities across multiple sectors, North East India welcomes investors to explore its vast potential and be part of its growth journey.

    Shri Pema Khandu, Hon’ble Chief Minister of Arunachal Pradesh, spoke about the unique strengths of Northeast Region including Arunachal Pradesh.

    Hon’ble Minister of External Affairs, Shri S. Jaishankar, through a video message highlighted that NER has been at the forefront of India’s development policies. He mentioned about the importance of Kaladan multi-modal transit project and NER’s potential to be the gateway for south east Asian markets.

    Secretary, MDoNER, Shri Chanchal Kumar delivered a detailed presentation on the investment opportunities in NER and highlighted untapped potential  of the region. He also highlighted the opportunities available in the region in across various sectors like IT & ITES, Healthcare, Agri and allied, Education & Skill Development, Sports & Entertainment, Tourism & Hospitality, Infrastructure and logistics; Textiles, Handlooms and Handicrafts and Energy. He stated that with ample opportunities across multiple sectors, North East India welcomes investors to explore its vast potential and be part of its growth journey. He stated that MDoNER is committed to work closely with diplomatic missions, international development agencies, and global investors to channel resources and expertise toward projects that will boost employment, infrastructure, and human capital in the North Eastern Region.

    Secretary(East), Ministry of External Affairs Shri Periasamy Kumaran in his address stated that the North Eastern Region shares international borders of with neighboring countries Bangladesh, Bhutan, China, Nepal and Myanmar making it a strategic location and the Gateway to Southeast Asia for India. Therefore, the region can be developed as a base for India’s growing economic links not only with the Association of Southeast Asian Nations (ASEAN) but also with neighbouring countries, viz. Bangladesh, Bhutan, and Nepal. He underlined that North Eastern Region is a treasure trove of diverse cultures, traditions, and breathtaking natural beauty. He stated that Ambassadors Meet is a crucial platform for engaging in constructive dialogues, building partnerships, and attracting investments that will drive inclusive growth and prosperity. This platform is an opportunity to come forward and explore the diverse opportunities offered by the Northeast.

    The Ambassadors’ Meet was the one of the pre-summit activities of the North East Investors Summit to be organized by MDoNER on 23rd and 24th  May, 2025. The event received an overwhelming response, with Ambassadors and diplomatic envoys expressing keen interest in partnering with Indian stakeholders to explore the possibilities offered by the North Eastern states – Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Sikkim, and Tripura.  The event not only fostered meaningful dialogue but also laid the groundwork for future partnerships, driving economic growth and sustainable development in the region.

    The event was  seniors officials Ministry of Development of North Eastern Region  and State Government  of NER.

    *****

    Samrat

    (Release ID: 2122025) Visitor Counter : 26

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: National Technical Textile Mission in association with M/s SYSTEM 5S Pvt. Ltd developing an innovative Firefighting Suit

    Source: Government of India

     National Technical Textile Mission in association with M/s SYSTEM 5S Pvt. Ltd developing an innovative Firefighting Suit

    The specialized Firefighting Suit is developed using aluminised coated glass fabrics

    Posted On: 16 APR 2025 3:14PM by PIB Delhi

    The National Technical Textile Mission (NTTM), an initiative by the Ministry of Textiles, Government of India, has supported an innovative project titled “Development of Specialized Fire fighting Suit.” These specialized fire fighter suits are used by Firefighting & Emergency services, Defence forces, Oil & Gas industry, Aerospace & Aviation, Power Plants & Thermal Industry, etc. Manufacturing of firefighting suits in India is in its nascent stage and currently, in India, specialized firefighting suits (also known as fire entry suits) are imported mostly from Europe, the USA, and China. The NTTM project is implemented by Northern India Textile Research Association (NITRA), in collaboration with its industrial partner, M/s System 5S Private Ltd.

    The annual current consumption would be approximately 1000 sets by various End Users in India. However, with the introduction of an Indian Certified Aluminized suit, the consumption could go up exponentially. M/s SYSTEM 5S Pvt. Ltd has an annual production capacity of 1000 suits with this commercialisation.

    According to EN 1486 (a European Standard that specifies the requirements and test methods for protective clothing for fire fighters), protective clothing for specialized fire fighting must protect the full body, including the head, hands, and feet, against radiant heat and flame impingement. This protective gear includes a garment, a hood (integrated or separate), gloves, and over boots. Additionally, the design of such suits is intended for use with respiratory protection, with designs varying on whether the breathing apparatus is worn inside or outside the protective clothing.

    M/s System 5S Private Ltd, has developed an indigenous Specialized Fire Fighting Suit, designed to meet the EN 1486 or ISO 15538 standards. The development process prioritised the safety, comfort, and ease of donning and doffing for fire fighters. The suit is developed using aluminised coated glass fabrics, OPAN (Oxidized Polyacrylonitrile) Nonwoven battings and FR (Flame Resistant) viscose fabric. All the inner layers are quilted together. The industrial partner has already begun manufacturing these suits for trial purposes, and commercial manufacturing will commence once the fire manikin test is completed successfully, as per the EN ISO 13506 (a standard that defines a test method for evaluating the performance of protective clothing against heat and flame) standard, to ensure the suit meets all necessary performance requirements.

    ***

    Dhanya Sanal K

    Director

    (Release ID: 2122075) Visitor Counter : 26

    MIL OSI Asia Pacific News –

  • MIL-OSI Asia-Pac: The cumulative exports (merchandise & services) during FY 2024-25 (April-March) is estimated to grow by 5.50% at US$ 820.93 Billion, as compared to US$ 778.13 Billion in FY 2023-24 (April-March).

    Source: Government of India

    Posted On: 16 APR 2025 8:48AM by PIB Delhi

     The cumulative value of merchandise exports during FY 2024-25 (April-March) was US$ 437.42 Billion, registering a positive growth of 0.08%, as compared to US$ 437.07 Billion during FY 2023-24 (April-March).

    The cumulative Non-Petroleum exports in FY 2024-25 (April-March) valued at US$ 374.08 Billion registered an increase of 6.0% as compared to US$ 352.92 Billion in FY 2023-24

    Major drivers of merchandise exports growth in FY 2024-25 (April-March) include Coffee, Tobacco, Electronic Goods, Rice, Jute Mfg. including Floor Covering, Meat, dairy & poultry products, Tea, Carpet, Plastic & Linoleum, RMG of all Textiles, Drugs & Pharmaceuticals, Cereal preparations & miscellaneous processed items, Mica, Coal & Other Ores, Minerals including processed minerals, Engineering Goods and Fruits & Vegetables.

    Coffee exports increased by 40.37% from US$ 1.29 Billion in FY 2023-24 (April-March) to US$ 1.81 Billion in FY 2024-25 (April-March).

    Tobacco exports increased by 36.53% from US$ 1.45 Billion in FY 2023-24 (April-March) to US$ 1.98 Billion in FY 2024-25 (April-March).

    Electronic Goods exports increased by 32.47% from US$ 29.12 Billion in FY 2023-24 (April-March) to US$ 38.58 Billion in FY 2024-25 (April-March).

    Rice exports increased by 19.73% from US$ 10.42 Billion in FY 2023-24 (April-March) to US$ 12.47 Billion in FY 2024-25 (April-March).

    Jute Mfg. including Floor Covering exports increased by 13.35% from US$ 0.34 Billion in FY 2023-24 (April-March) to US$ 0.38 Billion in FY 2024-25 (April-March).

    Meat, dairy & poultry products exports increased by 12.57% from US$ 4.53 Billion in FY 2023-24 (April-March) to US$ 5.1 Billion in FY 2024-25 (April-March).

    Tea exports increased by 11.84% from US$ 0.83 Billion in FY 2023-24 (April-March) to US$ 0.92 Billion in FY 2024-25 (April-March).

    Carpet exports increased by 10.46% from US$ 1.4 Billion in FY 2023-24 (April-March) to US$ 1.54 Billion in FY 2024-25 (April-March).

    Plastic & Linoleum exports increased by 10.23% from US$ 8.09 Billion in FY 2023-24 (April-March) to US$ 8.92 Billion in FY 2024-25 (April-March).

    RMG of all Textiles exports increased by 10.03% from US$ 14.53 Billion in FY 2023-24 (April-March) to US$ 15.99 Billion in FY 2024-25 (April-March).

    Drugs & Pharmaceuticals exports increased by 9.39% from US$ 27.85 Billion in FY 2023-24 (April-March) to US$ 30.47 Billion in FY 2024-25 (April-March).

    Cereal preparations & miscellaneous processed items exports increased by 8.71% from US$ 2.85 Billion in FY 2023-24 (April-March) to US$ 3.1 Billion in FY 2024-25 (April-March).

    Mica, Coal & Other Ores, Minerals including processed minerals exports increased by 6.95% from US$ 4.68 Billion in FY 2023-24 (April-March) to US$ 5.01 Billion in FY 2024-25 (April-March).

    Engineering Goods exports increased by 6.74% from US$ 109.3 Billion in FY 2023-24 (April-March) to US$ 116.67 Billion in FY 2024-25 (April-March).

    Fruits & Vegetables exports increased by 5.67% from US$ 3.66 Billion in FY 2023-24 (April-March) to US$ 3.87 Billion in FY 2024-25 (April-March).

    India’s total exports (Merchandise and Services combined) for March 2025* is estimated at US$ 73.61 Billion, registering a positive growth of 2.65 percent vis-à-vis March 2024. Total imports (Merchandise and Services combined) for March 2025* is estimated at US$ 77.23 Billion, registering a positive growth of 4.90 percent vis-à-vis March 2024.

    Table 1: Trade during March 2025*

    March 2025

    (US$ Billion)

    March 2024

    (US$ Billion)

    Merchandise

    Exports

    41.97

    41.69

    Imports

    63.51

    57.03

    Services*

    Exports

    31.64

    30.01

    Imports

    13.73

    16.60

    Total Trade

    (Merchandise +Services) *

    Exports

    73.61

    71.71

    Imports

    77.23

    73.63

    Trade Balance

    -3.63

    -1.92

    * Note: The latest data for services sector released by RBI is for February 2025. The data for March 2025 is an estimation, which will be revised based on RBI’s subsequent release. (ii) Data for FY 2023-24 (April-March) and April-December 2024 has been revised on pro-rata basis using quarterly balance of payments data.

    Fig 1: Total Trade during March 2025*

    • India’s total exports during FY 2024-25 (April-March)* is estimated at US$ 820.93 Billion registering a positive growth of 5.50 percent. Total imports during FY 2024-25 (April-March)* is estimated at US$ 915.19 Billion registering a growth of 6.85 percent.

     

    Table 2: Trade during FY 2024-25 (April-March)*

    FY 2024-25

     (US$ Billion)

    FY 2023-24

     (US$ Billion)

    Merchandise

    Exports

    437.42

    437.07

    Imports

    720.24

    678.21

    Services*

    Exports

    383.51

    341.06

    Imports

    194.95

    178.31

    Total Trade

    (Merchandise +Services) *

    Exports

    820.93

    778.13

    Imports

    915.19

    856.52

    Trade Balance

    -94.26

    -78.39

     

    Fig 2: Total Trade during FY 2024-25 (April-March)*

    MERCHANDISE TRADE

    • Merchandise exports during March 2025 were US$ 41.97 Billion as compared to US$ 41.69 Billion in March 2024.
    • Merchandise imports during March 2025 were US$ 63.51 Billion as compared to US$ 57.03 Billion in March 2024.

     

    Fig 3: Merchandise Trade during March 2025

    • Merchandise exports during FY 2024-25 (April-March) were US$ 437.42 Billion as compared to US$ 437.07 Billion during FY 2023-24 (April-March).
    • Merchandise imports during FY 2024-25 (April-March) were US$ 720.24 Billion as compared to US$ 678.21 Billion during FY 2023-24 (April-March).
    • Merchandise trade deficit during FY 2024-25 (April-March) was US$ 282.83 Billion as compared to US$ 241.14 Billion during FY 2023-24 (April-March).

     

    Fig 4: Merchandise Trade during FY 2024-25 (April-March)

    • Non-petroleum and non-gems & jewellery exports in March 2025 were US$ 34.17 Billion compared to US$ 33.66 Billion in March 2024.
    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in March 2025 were US$ 37.76 Billion compared to US$ 35.85 Billion in March 2024.

    Table 3: Trade excluding Petroleum and Gems & Jewellery during March 2025

    March 2025

    (US$ Billion)

    March 2024

    (US$ Billion)

    Non- petroleum exports

    37.07

    36.28

    Non- petroleum imports

    44.50

    40.68

    Non-petroleum & Non-Gems & Jewellery exports

    34.17

    33.66

    Non-petroleum & Non-Gems & Jewellery imports

    37.76

    35.85

    Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

     

    Fig 5: Trade excluding Petroleum and Gems & Jewellery during March 2025

     

    • Non-petroleum and non-gems & jewellery exports in FY 2024-25 (April-March) were US$ 344.26 Billion, compared to US$ 320.21 Billion in FY 2023-24 (April-March).
    • Non-petroleum, non-gems & jewellery (gold, silver & precious metals) imports in FY 2024-25 (April-March) were US$ 453.62 Billion, compared to US$ 424.67 Billion in FY 2023-24 (April-March).

    Table 4: Trade excluding Petroleum and Gems & Jewellery during FY 2024-25 (April-March)

    FY 2024-25

     (US$ Billion)

    FY 2023-24

     (US$ Billion)

    Non- petroleum exports

    374.08

    352.92

    Non- petroleum imports

    534.46

    499.48

    Non-petroleum & Non Gems & Jewellery exports

    344.26

    320.21

    Non-petroleum & Non Gems & Jewellery imports

    453.62

    424.67

    Note: Gems & Jewellery Imports include Gold, Silver & Pearls, precious & Semi-precious stones

    Fig 6: Trade excluding Petroleum and Gems & Jewellery during FY 2024-25 (April-March)

    SERVICES TRADE

    • The estimated value of services export for March 2025* is US$ 31.64 Billion as compared to US$ 30.01 Billion in March 2024.
    • The estimated value of services imports for March 2025* is US$ 13.73 Billion as compared to US$ 16.60 Billion in March 2024.

     

    Fig 7: Services Trade during March 2025*

     

    • The estimated value of service exports during FY 2024-25 (April-March)* is US$ 383.51 Billion as compared to US$ 341.06 Billion in FY 2023-24 (April-March).
    • The estimated value of service imports during FY 2024-25 (April-March)* is US$ 194.95 Billion as compared to US$ 178.31 Billion in FY 2023-24 (April-March).
    • The services trade surplus for FY 2024-25 (April-March)* is US$ 188.57 Billion as compared to US$ 162.75 Billion in FY 2023-24 (April-March).

    Fig 8: Services Trade during FY 2024-25 (April-March)*

    • Exports of  Coffee (39.2%), Drugs & Pharmaceuticals (31.21%), Electronic Goods (29.57%), Marine Products (28.56%), Jute Mfg. Including Floor Covering (21.67%), Meat, Dairy & Poultry Products (16.62%), Tobacco (13.95%), Tea (11.25%), Gems & Jewellery (10.62%), Fruits & Vegetables (8.57%), Rice (7.62%), Carpet (6.52%), Mica, Coal & Other Ores, Minerals Including Processed Minerals (6.35%), Rmg Of All Textiles (3.97%), Leather & Leather Products (3.48%), Cereal Preparations & Miscellaneous Processed Items (3.35%), Cotton Yarn/Fabs./Made-Ups, Handloom Products Etc. (2.16%), and Plastic & Linoleum (1.56%) record positive growth during March 2025 over the corresponding month of last year.
    • Exports of Tea (11.84%), Coffee (40.37%), Rice (19.73%), Tobacco (36.53%), Spices (4.78%), Fruits & vegetables (5.67%), Cereal preparations & miscellaneous processed items (8.71%), Marine products (0.45%), Meat, dairy & poultry products (12.57%), Mica, coal & other ores, minerals including processed minerals (6.95%), Leather and leather products (2.06%), Drugs and pharmaceuticals (9.39%), engineering goods (6.74%), Electronics goods (32.47%), Cotton yarn/fabs/makeups etc (3.19%), Man-made/ yarn/Fabs/made ups etc (4.07%), RMG of Textiles (10.03%), Jute Mfg. including Floor Covering (13.35%), Carpet (10.46%), and Plastic & Linoleum (10.23%) registered positive growth during FY 2024-25 over the previous FY 2023-24.
    • Imports of Project Goods (-87.25%), Silver (-85.39%), Coal, Coke & Briquettes, Etc. (-30.18%), Transport Equipment (-25.53%), Pulses (-23.45%), Newsprint (-17.99%), Pearls, Precious & Semi-Precious Stones (-13.77%) and Pulp and Waste Paper (-11.8%) record negative growth during March 2025 over the corresponding month of last year.
    • Imports of Fertilisers, Crude & Manufactured (-2.21%), Coal, coke & briquettes (20.03%), Dyeing/tanning/colouring materials (-13.42%), Newsprint (-2.71%), Pearls, precious & semi-precious stones (-24.41%), Iron & Steel (-4.61%), Project goods (-18.45%), and Silver (-11.24%) registered negative growth during FY 2024-25 over the previous year FY 2023-24.
    • Services exports is estimated to grow by 12.45 percent during FY 2024-25 (April-March)* over FY 2023-24 (April-March).
    • Top 5 export destinations, in terms of change in value, exhibiting positive growth in March 2025 vis a vis March 2024 are U S A (35.06%), Australia (70.81%), Kenya (98.46%), Togo (46.52%) and             U K (8.43%).
    • Top 5 export destinations, in terms of change in value, exhibiting positive growth in FY 2024-25 (April-March) vis a vis FY 2023-24 (April-March) are U S A (11.59%), U K (12.08%), Japan (21.12%), U Arab Emts (2.84%) and France (11.42%).
    • Top 5 import sources, in terms of change in value, exhibiting growth in March 2025 vis a vis March 2024 are U Arab Emts (57.25%), China P Rp (25.02%), Saudi Arab (44.03%), Kuwait (93.8%) and Ireland (208.09%).
    • Top 5 import sources, in terms of change in value, exhibiting growth in FY 2024-25 (April-March) vis a vis FY 2023-24 (April-March) are U Arab Emts (32.06%), China P Rp (11.52%), Thailand (43.99%), U S A (7.44%) and Russia (4.39%).

    *Link for Quick Estimates

    ***

    Abhishek Dayal

    (Release ID: 2122016) Visitor Counter : 49

    MIL OSI Asia Pacific News –

  • MIL-OSI USA: Coconut Rhinoceros Beetle Treatments Continues in Kona

    Source: US State of Hawaii

    Coconut Rhinoceros Beetle Treatments Continues in Kona

    Posted on Apr 15, 2025 in Main

    April 15, 2025
    NR25-08

    HONOLULU – The Hawai‘i Department of Agriculture (HDOA), with the assistance of the County of Hawai‘i Public Works Department, have been working collaboratively since January 2025 to combat the coconut rhinoceros beetle (CRB) after detections in the Kona area. The HDOA and Hawai‘i County crews completed the latest round of treatments on palm trees last week at Ellison Onizuka Kona International Airport in the continuing effort to protect the island from CRB infestations.

    “The staff of the Department of Agriculture remains dedicated to stopping the further spread of the coconut rhinoceros beetle, with emphasis in areas that are not known to be infested,” said Sharon Hurd, chairperson of the Hawai‘i Board of Agriculture. “We truly appreciate the concern and assistance of Mayor Kimo Alameda and the county’s public works crew in providing the resources to prevent CRB from taking hold on Hawai‘i Island. We also appreciate all the various agencies and organizations that work tirelessly in the fight against invasive species.”

    Mayor Alameda emphasized the importance of the state and county working collaboratively to protect the island from the invasive species. “The introduction of the coconut rhinoceros beetle is a major concern, and we are committed to doing everything we can—alongside HDOA and our other partners—to stop its spread,” he said.

    In September 2024, HDOA Plant Pest Control (PPC) personnel found a single CRB in a trap during routine monitoring in Waikoloa. This was the first detection of CRB on the island since October 2023 when a Waikoloa resident found six grubs (larvae) in a decaying palm tree stump. Increased surveillance continued throughout the island and more intensely on the Kona side.

    In January 2025, Mayor Alameda and the County of Hawai‘i offered their resources and assistance to HDOA, including the use of their 75-foot boom truck to treat the crowns of palm trees. On January 14, the team treated a total of 38 trees in the Waikoloa area via crown treatments and 24 trees were treated via an injection system which provides systemic protection against CRB. HDOA’s Pesticides Branch was also at the site to assist. So far, there have been no further detections of CRB in Waikoloa.

    On March 3, 2025, the Big Island Invasive Species Committee (BIISC) reported one adult CRB in a detection trap along the boundary of the Ellison Onizuka Kona International Airport. A day later, two more adult CRBs were found in traps at the Natural Energy Laboratory of Hawai‘i (NELHA).

    After the detections, HDOA, county crews and airport staff targeted treatments at the airport over a period of three days in March. The county provided the use of two boom trucks and the team treated 128 trees on the airport grounds and injected 12 more trees that were inaccessible to the boom trucks. So far, there have been no further detections at the airport.

    Last week, on April 7 and 8, crews began work at NELHA and treated 58 trees via crown treatments with about 14 trees treated via injections due to their close proximity to water.

    All palms that were treated were tagged and surrounded with yellow tape to indicate treatment. Coconuts from treated trees should not be consumed. Questions regarding pesticide use may be addressed to HDOA’s Pesticides Branch at 808-973-9402.

    Surveillance for CRB continues around Hawai‘i Island by HDOA, BIISC, University of Hawai‘i, the County of Hawai‘i and the state Department of Health Vector Control Branch.

    Residents on all islands are asked to be vigilant when purchasing mulch, compost and soil products, and to inspect bags for evidence of entry holes. CRB grubs breed in decomposing plant and animal waste. An adult beetle is about 2-inches long, all black and has a single horn on its head.

    Residents may go to the CRB Response website at:  https://www.crbhawaii.org/  to learn more about how to detect the signs of CRB damage and how to identify CRB life stages. Reports of possible CRB infestation may also be made to the state’s toll-free Pest Hotline at 808-643-PEST (7378).

    # # #

    CRB treatment at Ellison Onizuka Kona International Airport

    CRB treatment at Kona Airport

    Waikoloa tree injection treatment

    Waikoloa CRB treatment using boom truck

    Tagging of treated trees – do not consume coconuts

    MIL OSI USA News –

  • MIL-OSI United Kingdom: Funding secured to support households in Derby

    Source: City of Derby

    Derby City Council is pleased to announce its acceptance of £3.920 million in funding from the Department for Work and Pensions (DWP) under Household Support Fund 7 (HSF7). This crucial funding will provide support to vulnerable households struggling with the cost of living from April 2025 to March 2026.

    The grant aims to assist households in Derby that are facing financial hardship by addressing essential needs, including food, energy, and housing costs.

    Key Support Initiatives Under HSF7 include:

    • Free School Meals Support: Over 16,400 Derby city households with children receiving benefit-related free school meals will be supported with supermarket food vouchers, delivering approximately 1,070,000 meals during school term breaks between April 2025 and March 2026.
    • Food Vouchers: Eligible households in financial crisis can apply for supermarket food vouchers through an online application form. Two rounds of funding will be available. Round 1 will be from May 2025 to September 2025 and Round 2 will be available from October 2025 to March 2026. Only one award will be made per eligible household in each round, with a total allocation of £600,000.
    • Warm Welcome Hubs: Financial support is being provided to over 40 community organisations across Derby to maintain and enhance a cost-of-living support network. These hubs offer warm spaces, hot meals, guidance on reducing energy bills, and help accessing other services. In summer 2024/25, the hubs received over 37,300 visits from adults and more than 4,050 children.
    • Energy Support: Vulnerable households and those in financial crisis can access PayPoint energy vouchers via the Warm Welcome Hubs. The energy scheme will open in September 2025 and run through to March 2026, or until the allocated £195,000 is awarded.
    • Pensioner Support: Up to 2,000 low-income pensioner households not receiving pension credit (and thus missing out on the winter fuel payment) but who do receive Council Tax Support or Housing Benefit will automatically receive a £100 direct payment by February 2026. These households do not need to apply; payments will be sent directly to their bank accounts. Pensioners can also access support at Warm Welcome Hubs.
    • Essential Household Items: Support may include energy-efficient appliances and warm clothing or bedding for eligible households in financial distress.
    • Financial Wellbeing Workshops: Workshops will run to equip Derby residents with money management skills.
    • Leaving Care and Crisis Support: Targeted support will also be delivered for young people leaving care and for households experiencing specific crises.
    • Assistance for families in temporary housing situations.

    Councillor Sarah Chambers, Cabinet Member for Cost of Living, Equalities and Communities, said:

    I am thrilled that we have managed to secure this funding for Derby. The Household Support Fund continues to be a lifeline for many households in Derby, particularly those experiencing significant financial challenges. This latest round of funding ensures we can continue to provide targeted assistance where it is most needed, helping families and individuals maintain stability.

    I strongly encourage anyone who is struggling with the cost of living to take a look at what is on offer and to take full advantage of the resources and support that is available. HSF7 could be what you or your family need to find your way through the rising cost of living.”

    The impact of previous Household Support Fund initiatives has been widely recognized. A recent Department for Work and Pensions audit highlighted Derby City Council as a model of effective fund management and community support, praising its strategic approach to alleviating poverty and deprivation.

    Further details about HSF7, including eligibility criteria and application processes, will be shared in the coming weeks. For more information on the Household Support Fund 7 and how to access support, please visit our Household Support Fund webpage.

    MIL OSI United Kingdom –

  • MIL-OSI Europe: Written question – SMEs and energy communities excluded from the Just Transition Programme in Western Macedonia – E-001432/2025

    Source: European Parliament

    Question for written answer  E-001432/2025
    to the Commission
    Rule 144
    Sakis Arnaoutoglou (S&D)

    Western Macedonia faces serious challenges as a result of the lignite phase-out and the need for a developmental transition to clean energy. However, it has been observed that in practice the Just Transition Programme does not ensure equal access for small and medium-sized enterprises and local communities that have invested in renewable energy projects and are awaiting responses from the competent national bodies, such as HEDNO [Hellenic Electricity Distribution Network Operator] and IPTO [Independent Power Transmission Operator]. Many such entities are excluded due to their inability to secure connection conditions, while significant amounts of money that have been paid in advance remain pending for several years.

    At the same time, there is an unbalanced distribution of available resources in favour of large energy groups, leading to limited participation of local communities in the development process and thus undermining the philosophy of just transition and energy democracy.

    Given that the Commission co-finances the Just Transition Programme and has an approved supervisory and auditing role:

    • 1.Does the Commission consider it compatible with the spirit and objectives of Regulation (EU) 2021/1056 that small and medium-sized producers are not able to access national calls for applications due to bureaucratic obstacles, such as the lack of connection conditions?
    • 2.Does the Commission intend to ask Greece to amend the conditions of Just Transition Programme calls for applications and take measures to ensure equal access of local communities, small and medium-sized RES producers and energy communities to financing, network connection and institutional support?
    • 3.How does the Commission intend to support Western Macedonia against poverty and unemployment that are worsening due to lignite being phased out?

    Submitted: 8.4.2025

    Last updated: 16 April 2025

    MIL OSI Europe News –

  • MIL-OSI Banking: New Development Bank strengthens ties with Bangladesh, discusses opportunities for cooperation

    Source: New Development Bank

    On April 10, 2025, Mr. Vladimir Kazbekov, Vice-President and Chief Operating Officer of the New Development Bank (NDB) concluded his visit to Dhaka, Bangladesh. The focus of this official trip was to strengthen collaboration between the Bank and Bangladesh, with an emphasis on how NDB could support the country by financing infrastructure and sustainable development projects.

    On April 8, 2025, Mr. Vladimir Kazbekov, NDB VP & COO met with Dr. Muhammad Yunus, Honorable Chief Adviser of Bangladesh, to discuss opportunities for collaboration between NDB and the country.

    Dr. Muhammad Yunus warmly welcomed the efforts undertaken by the New Development Bank in Bangladesh as well as NDB’s expanding engagement with the country, emphasizing the vital role of multilateral financing in driving national development.

    In his remarks, Mr. Vladimir Kazbekov noted that the New Development Bank is fully committed to working closely with Bangladesh, financing infrastructure and sustainable development projects supporting its national development objectives and commitments under the UN SDGs. NDB VP & COO highlighted that the Bank’s focus aligns with Bangladesh’s priorities in clean energy, transport, water and sanitation, environmental protection, and digital infrastructure.

    On the same day, Mr. Vladimir Kazbekov met with Dr. Salehuddin Ahmed, Honorable Adviser of the Finance Ministry of Bangladesh, to discuss various aspects of cooperation between NDB and the country.

    NDB VP & COO also held separate discussions with Mr. Md. Fahimul Islam, Secretary of the Ministry of Railways, Ms. Farzana Mamtaz, Secretary of the Power Division, and Mr. Md. Shahriar Kader Siddiky, Secretary of the Economic Relations Division, touching upon projects in Bangladesh that could be financed by the Bank.

    On April 9, 2025, Mr. Vladimir Kazbekov met with Dr. Ahsan H. Mansur, Honorable Governor of the Bangladesh Bank.

    NDB VP & COO also met with Mr. Lutfey Siddiqi, Honorable Special Envoy on International Affairs of the Chief Adviser.

    NDB VP & COO also met with Mr. SK. Bashir Uddin, Honorable Adviser of the Ministry of Commerce and the Ministry of Textiles and Jute. Mr. Mahbubur Rahman, Secretary of the Ministry of Commerce, was also present.

    On the same day, Mr. Vladimir Kazbekov had a meeting with Mr. Muhammad Fouzul Kabir Khan, Honorable Adviser of Ministry of Power, Energy and Mineral Resources Division, Ministry of Road Transport and Bridges, and Ministry of Railway. In this meeting, Mr. Md. Ehsanul Hoque, Senior Secretary of the Road Transport and Highways Division; Mr. Mohammad Abdur Rouf, Secretary of the Bridges Division; Ms. Farzana Mamtaz, Secretary of the Power Division; Mr. Mohammad Saiful Islam, Secretary of the Energy and Mineral Resources Division and Mr. Md. Fahimul Islam, Secretary of the Ministry of Railways were also present.

    MIL OSI Global Banks –

  • MIL-OSI Europe: Moldova and Ukraine: Strengthening energy resilience in the face of extreme weather with OSCE workshop in Chisinau

    Source: Organization for Security and Co-operation in Europe – OSCE

    Headline: Moldova and Ukraine: Strengthening energy resilience in the face of extreme weather with OSCE workshop in Chisinau

    Participants in an OSCE workshop on strengthening energy resilience in the face of extreme weather in Chisinau, 14 April 2025. (OSCE) Photo details

    As extreme weather events become more frequent and climate conditions continue to evolve, the energy sectors face increasing risks. From heatwaves straining power grids to storms damaging infrastructure and climate variability disrupting natural resources, these challenges add uncertainty to energy diversification and transition efforts.
    To help Moldova and Ukraine build resilience in the face of these growing threats, the OSCE held a workshop on 14 and 15 April in Chisinau, Moldova: “Building Energy System Resilience Against Extreme Weather and Evolving Conditions in Moldova and Ukraine: Modelling and its Applications for Energy Planning”.
    The event brought together more than 40 experts and decision-makers from Moldova and Ukraine, including Moldova’s State Secretaries for Energy and Environment and Ukraine’s Deputy Minister of Energy. Participants explored how to assess climate vulnerabilities in critical energy infrastructure and integrate climate risks into energy planning, security, and transition strategies.
    A key focus of the workshop was improving access to downscaled climate data: detailed, localized projections essential for protecting energy infrastructure and informing policy and investment decisions. Through a partnership with Argonne National Laboratory, the OSCE provided participants with critical high-resolution datasets and modelling tools to support science-based decision-making.
    Attendees were also trained on how to use this granular data to evaluate risks and opportunities across the energy sector. This support strengthens the capacity of both countries to plan for future climate scenarios and protect vital energy systems.
    This workshop is the first in a series of regional trainings under the OSCE’s project “Mitigating Climate Change Threats to the Energy Sector in the OSCE Region”, set to continue throughout 2025 and 2026.

    MIL OSI Europe News –

  • MIL-OSI United Kingdom: Over £6 million spent on Executive Brussels office since Brexit vote

    Source: Traditional Unionist Voice – Northern Ireland

    Commenting on the answer to an Assembly question he received, TUV North Antrim MLA Timothy Gaston said:

    “The spend on the Northern Ireland Executive Office in Brussels – over £6.7 million since the UK voted to leave the EU – will doubtless cause many to raise eyebrows, not least because I am sure I am not alone in not being clear as to what it actually does.

    “Such a large investment of public money is something we would expect to see more openness about. It would appear to me that in relation to this – as with so much in the Executive Office – there is little regard for public money.

    “I also cannot help but contrast this lavish spend on the Executive’s Brussels office with the fact that InterTrade UK – which was heralded by the DUP as a major achievement to address the challenges posed by the Protocol – doesn’t have offices, has no independent budget and no staff.

    “This spend is something I intend to prob further in the Executive Office Committee”.

    Note to editors

    Mr Gaston’s question and the answer received are as follows:

    Mr Timothy Gaston
    Traditional Unionist Voice
    North AntrimTabled Date: 06/02/2025
    Answered On Date: 11/04/2025
    Priority Written: No

    Question:
    To ask the First Minister and deputy First Minister to detail the cost of the Northern Ireland Executive Office in Brussels in each year of its operation.

    Answer:

    The cost of the Northern Ireland Executive Office from 2008 to 2024 is set out in the table below. Finance Branch have advised that they can only provide a record from 2008. The Office does not have any records pre-2008 as these records would have been paper files and were disposed of in accordance with the retention schedule, which is seven years for financial records.
    Budget (£)
    Budget (£)
    760,480.37
    857,116.80
    832,438.70
    850,191.27
    923,248.66
    800,498.29
    841,142.62
    827,604.53
    847,801.14
    657,351.43
    799,800.07
    1,841,570.96
    867,244.60
    1,823,999.06
    868,171.21
    649,832.16

    MIL OSI United Kingdom –

  • MIL-OSI: ACT Group Enhances Support for Latin America with New Miami Office

    Source: GlobeNewswire (MIL-OSI)

    MIAMI, April 16, 2025 (GLOBE NEWSWIRE) — ACT Group, the leading developer and provider of comprehensive and innovative environmental solutions for businesses globally, is enhancing its longstanding presence in Latin America with the opening of its Miami, Florida office. This strategic move will enable ACT to provide even greater support and localized expertise for businesses headquartered in the region, as well as global companies with operations there.

    With existing offices in Amsterdam, London, New York, Paris, Shanghai, Singapore, and Tokyo, ACT’s operations in Latin America reflect its commitment to addressing evolving client needs locally and globally. As the pressure to decarbonize and navigate complex regulatory frameworks intensifies, ACT’s Miami office will serve as a regional hub, empowering organizations to bridge the gap between ambition and action with tailored, market-based solutions. These solutions include tools to measure carbon footprints, set climate targets, and reduce, mitigate, and disclose emissions efficiently.

    “ACT has always been about more than just helping businesses achieve environmental goals—it’s about empowering them to decarbonize with clarity and confidence. Across Latin America, we’re seeing a growing commitment to net zero, and our role is to make that journey as accessible and impactful as possible,” said Ronald Rozgonyi, CEO of ACT Americas.

    David Maarek to Lead Latin America Office

    Pioneering this initiative is David Maarek, a 15-year veteran of ACT who played a pivotal role in the company’s early growth in Amsterdam and spearheaded the successful energy efficiency business in Paris, France. As Head of Latin America, David will oversee efforts to deepen ACT’s impact in the region, bringing with him a wealth of knowledge and a proven track record of leadership.

    “Latin American businesses are eager to contribute to a low-carbon economy but often face challenges in knowing where to begin,” said Maarek. “Our goal is to meet them where they are and provide the holistic tools and on-the-ground assistance needed to chart a path forward.”

    His leadership reflects ACT’s strong corporate culture, which prioritizes client-centric dedication, a high standard of excellence, and open collaboration within teams and with partners.

    Actionable Insights in Mexico’s Carbon and Energy Markets

    To complement this expansion, ACT has launched a comprehensive whitepaper titled Navigating Mexico’s Carbon and Energy Markets: Practical Insights for Compliance and Voluntary Success. Created by ACT’s dedicated R&D team—who continuously track global regulatory and market developments—this resource offers businesses a roadmap to accelerate low-carbon goals while efficiently meeting regulatory obligations.

    Inside, you’ll find:

    • A detailed overview of Mexico’s regulatory landscape, including Clean Energy Certificates (CELs) and carbon tax frameworks.
    • Practical insights into utilizing CELs and International Renewable Energy Certificates (IRECs) for voluntary sustainability goals.
    • Updates on the operational phase of Mexico’s Emissions Trading System (ETS) and its implications for businesses.

    About ACT

    ACT develops and provides comprehensive and innovative environmental solutions that empower businesses globally to act on and achieve their environmental goals efficiently and transparently. No matter how ambitious. Founded in 2009, thousands of customers worldwide rely on ACT’s extensive global environmental regulation, market, standard, and product expertise to deliver real results.

    Providing solution discovery, optimized procurement strategies, environmental project development, and cutting-edge digital decarbonization services as well as physical environmental products, ACT simplifies and streamlines its customers’ journeys to net zero and empowers them through market expertise and digital simplicity.

    A PDF accompanying this announcement is available at 

    http://ml-eu.globenewswire.com/Resource/Download/beaeb218-63c1-4ab3-a5b5-51a6c0d2975d

    The MIL Network –

  • MIL-OSI: Axi Attends the 2025 Invest Cuffs, Showcases Their Products and Services

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, April 16, 2025 (GLOBE NEWSWIRE) — Leading online FX and CFD broker Axi participated in the 2025 Invest Cuffs conference, which took place on March 28-29, 2025, at the ICE Kraków Congress Center, in Kraków, Poland.

    Event attendees had the opportunity to explore the Axi brand, and their products and services, learn more about their yearslong partnership with Premier League Champions, Man City, as well as win exciting prizes and snap exclusive photos with Man City’s Premier League memorabilia and the club’s mascot, brought in especially for the event. 

    Santiago Vazquez-Munoz, Regional Head, UK, Europe, and LatAm at Axi, shared his excitement for the event, “We extend our appreciation to the event organisers for a seamless conference experience, and to all event attendees who visited our booth to meet with our team. Our pledge has remained unchanged over the years: to provide our clients with the ultimate edge to maximise every trading opportunity. We were thrilled to showcase Axi’s exceptional trading conditions to those in attendance and demonstrate how they can sharpen their trading performance with us.”

    Further to the long-standing partnership with Premier League club, Manchester City FC, the broker also partners with LaLiga club, Girona FC, Brazilian club, Esporte Clube Bahia, and named England international John Stones as their Brand Ambassador in 2023. In 2024, the broker was recognised with the ‘Most Reliable Broker – Europe’ award at the 2024 Global Forex Awards, emphasising the broker’s commitment to transparency in the trading industry.

    Watch video : https://youtu.be/uih6_6sAtLk

    CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.

    71.46% of retail client accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

    About Axi

    Axi is a global online FX and CFD trading company, with thousands of customers in 100+ countries worldwide. Axi offers CFDs for several asset classes including Forex, Shares, Gold, Oil, Coffee, and more.

    For more information or additional comments from Axi, please contact: mediaenquiries@axi.com

    The MIL Network –

  • MIL-OSI New Zealand: Minister welcomes newest electricity retailer

    Source: New Zealand Government

    Energy Minister Simon Watts welcomes Lodestone Energy’s move to become New Zealand’s newest electricity retailer.

    “Energy is critical to growing New Zealand’s economy and lifting productivity. Our energy system should be supporting our businesses and industries to compete on the global stage by making sure they have access to reliable, affordable energy,” Mr Watts says.

    “Our energy system also needs to better deliver for Kiwis who are feeling the pressure from the cost of living. We’ve heard too many reports of Kiwis getting a raw deal from our electricity market and last winter made it clear how a lack of competition is driving up energy prices and putting further pressure on families.

    “That’s why this Government takes competition seriously. More competition in the energy sector means more affordable power prices, greater choices between providers and overall greater outcomes for Kiwis.”

    Lodestone Energy is the most recent company to enter the electricity retail market as a major retailer.

    “Independent retailers only hold a 11 percent market share of the retail market, and so new players entering the market is a signal of the sector’s confidence in this Government’s actions to strengthen and promote confidence and investment in the electricity market. Fresh perspectives are exactly what New Zealand needs to ensure Kiwis get a fair deal and our businesses can compete globally,” Mr Watts says.

    MIL OSI New Zealand News –

  • MIL-OSI: Completion of compulsory acquisition of remaining issued and outstanding shares of Avenir LNG Limited

    Source: GlobeNewswire (MIL-OSI)

    London, April 16, 2025 – Reference is made to the stock exchange announcement of March 5, 2025, stating that Stolt-Nielsen Limited (Oslo Børs: SNI), through its subsidiary Stolt-Nielsen Gas Ltd. had resolved to proceed with a compulsory acquisition of the shares of Avenir LNG Limited (‘Avenir LNG’) not already owned by Stolt-Nielsen Gas Ltd.

    Stolt-Nielsen Limited is pleased to announce that the compulsory acquisition process has been successfully completed, and Avenir LNG is now fully owned by Stolt-Nielsen Gas Ltd.

    A request to have Avenir LNG delisted from Euronext N-OTC will be submitted, and it is expected that such delisting will occur shortly.

    Advisors

    DNB Markets, a part of DNB Bank ASA, acted as financial advisor to Stolt-Nielsen Limited, and Advokatfirmaet Thommessen AS acted as legal advisor to Stolt-Nielsen Limited, in connection with the compulsory acquisition process.

    This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

    For additional information please contact:

    Jens F. Grüner-Hegge
    Chief Financial Officer
    UK +44 (0) 20 7611 8985
    j.gruner-hegge@stolt.com

    Ellie Davison
    Head of Corporate Communications
    UK +44 (0) 20 7611 8926
    e.davison@stolt.com

    About Stolt-Nielsen Limited
    Stolt-Nielsen (SNL or the ‘Company’) is a long-term investor and manager of businesses focused on opportunities in logistics, distribution and aquaculture. The Stolt-Nielsen portfolio consists of its three global bulk-liquid and chemicals logistics businesses – Stolt Tankers, Stolthaven Terminals and Stolt Tank Containers – Stolt Sea Farm and various investments. Stolt-Nielsen Limited is listed on the Oslo Stock Exchange (Oslo Børs: SNI).

    The MIL Network –

  • MIL-OSI China: Xiong’an New Area of China’s Hebei steps up power grid construction

    Source: People’s Republic of China – State Council News

    Xiong’an New Area of China’s Hebei steps up power grid construction

    Updated: April 16, 2025 09:37 Xinhua
    A staff member debugs an autonomous EV charging robot at an intelligent charging station in Xiong’an New Area, north China’s Hebei Province, April 15, 2025. In recent years, the local power sector of Hebei has been promoting power grids construction of Xiong’an New Area in accordance with the standards of first-tier cities in China. Under the concept of green, innovative and smart development, the construction of electrical substations would be integrated with urban landscape design, and many intelligent power projects have been finished. [Photo/Xinhua]
    A robot conducts inspection work at a cable tunnel in Xiong’an New Area, north China’s Hebei Province, April 15, 2025. [Photo/Xinhua]
    An aerial drone photo taken on April 15, 2025 shows an electrical substation in Xiong’an New Area, north China’s Hebei Province. [Photo/Xinhua]
    Staff members of State Grid Xiong’an New Area Power Supply Company record operating parameters of equipment at an electrical substation in Xiong’an New Area, north China’s Hebei Province, April 15, 2025. [Photo/Xinhua]
    An aerial drone photo taken on April 15, 2025 shows an electrical substation in Xiong’an New Area, north China’s Hebei Province. [Photo/Xinhua]
    A man walks past a PEDF (Photovoltaic, Energy Storage, Direct current, Flexibility) system in Huangwan Village of Xiong’an New Area, north China’s Hebei Province, April 15, 2025. [Photo/Xinhua]
    A robot conducts inspection work at a cable tunnel in Xiong’an New Area, north China’s Hebei Province, April 15, 2025. [Photo/Xinhua]

    MIL OSI China News –

  • MIL-OSI USA News: Ensuring National Security and Economic Resilience Through Section 232 Actions on Processed Critical Minerals and Derivative Products

    Source: The White House

    By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862) (the “Act”), it is hereby ordered:

         Section 1.  Policy.  A strong national defense depends on a robust economy and price stability, a resilient manufacturing and defense industrial base, and secure domestic supply chains.  Critical minerals, including rare earth elements, in the form of processed minerals are essential raw materials and critical production inputs required for economic and national security.  Critical mineral oxides, oxalates, salts, and metals (processed critical minerals), as well as their derivative products — the manufactured goods incorporating them — are similarly foundational to United States national security and defense.

         But processed critical minerals and their derivative products face significant global supply chain vulnerabilities and market distortions due to reliance on a small number of foreign suppliers.  These vulnerabilities and distortions have led to significant United States import dependencies.  The dependence of the United States on imports and the vulnerability of our supply chains raises the potential for risks to national security, defense readiness, price stability, and economic prosperity and resilience.

         Processed critical minerals and their derivative products are essential for economic security and resilience because they underpin key industries, drive technological innovation, and support critical infrastructure vital for a modern American economy.  They are key building blocks of our manufacturing base and foundational to sectors ranging from transportation and energy to telecommunications and advanced manufacturing.  These economic sectors are, moreover, foundational to America’s national security.

         Processed critical minerals and their derivative products are essential for national security because they are foundational to military infrastructure, energy infrastructure, and advanced defense systems and technologies.  They are key building blocks of our defense industrial base and integral to applications such as jet engines, missile guidance systems, advanced computing, radar systems, advanced optics, and secure communications equipment.

         The United States manufacturing and defense industrial bases remain dependent on foreign sources for processed critical mineral products.  Many of these foreign sources are at risk of serious, sustained, and long-term supply chain shocks.  Should the United States lose access to processed critical minerals from foreign sources, the United States commercial and defense manufacturing base for derivative products could face significant shortages and an inability to meet demand. 

         Associated risks arise from a variety of factors.  First, global supply chains are prone to disruption from geopolitical tensions, wars, natural disasters, pandemics, and trade conflicts.

        Second, major global foreign producers of processed critical minerals have engaged in widespread price manipulation, overcapacity, arbitrary export restrictions, and the exploitation of their supply chain dominance to distort world markets and thereby gain geopolitical and economic leverage over the United States and other competitors that depend on processed critical minerals to manufacture derivative products essential to their economic and national security and national defense. Therefore, the import dependence of the United States on processed critical minerals from foreign sources may pose a serious national security risk to the United States economy and defense preparedness.

         Third, the risks arising from America’s import dependence on processed critical minerals also extend to derivative products that are integral to the United States economy and economic and national security. 

         For the United States to manufacture derivative products, it must have ready access to an affordable, resilient, and sustainable supply of processed critical minerals.  Simultaneously, a resilient and sustainable manufacturing base for derivative products is vital to creating a stable demand base for processed critical minerals.  Both must coexist to ensure economic stability and national security.

         Finally, overreliance on a small number of geographic regions amplifies the risks posed by geopolitical instability and regional disruptions.

         In light of the above risks and realities, an investigation under section 232 of the Act (section 232) is necessary to determine whether imports of processed critical minerals and their derivative products threaten to impair national security. 

         Sec. 2.  Definitions.  As used in this order:
            (a)  The term “critical minerals” means those minerals included in the “Critical Minerals List” published by the United States Geological Survey (USGS) pursuant to section 7002(c) of the Energy Act of 2020 (30 U.S.C. 1606) at 87 FR 10381, or any subsequent such list.  The term “critical minerals” also includes uranium.
            (b)  The term “rare earth elements” means the 17 elements identified as rare earth elements by the Department of Energy (DOE) in the April 2020 publication titled “Critical Materials Rare Earths Supply Chain.”  The term also includes any additional elements that either the USGS or DOE determines in any subsequent official report or publication should be considered rare earth elements.
            (c)  The term “processed critical minerals” refers to critical minerals that have undergone the activities that occur after critical mineral ore is extracted from a mine up through its conversion into a metal, metal powder or a master alloy.  These activities specifically occur beginning from the point at which ores are converted into oxide concentrates; separated into oxides; and converted into metals, metal powders, and master alloys. 
            (d)  The term “derivative products” includes all goods that incorporate processed critical minerals as inputs.  These goods include semi-finished goods (such as semiconductor wafers, anodes, and cathodes) as well as final products (such as permanent magnets, motors, electric vehicles, batteries, smartphones, microprocessors, radar systems, wind turbines and their components, and advanced optical devices).

         Sec. 3.  Section 232 Investigation.  (a)  The Secretary of Commerce shall initiate an investigation under section 232 to determine the effects on national security of imports of processed critical minerals and their derivative products.
         (b)  In conducting the investigation described in subsection (a) of this section, the Secretary of Commerce shall assess the factors set forth in 19 U.S.C. 1862(d), labeled “Domestic production for national defense; impact of foreign competition on economic welfare of domestic industries,” as well as other relevant factors, including:
                 (i)    identification of United States imports of all processed critical minerals and derivative products incorporating such processed critical minerals;
                 (ii)   the foreign sources by percent and volume of all processed critical mineral imports and derivative product imports, the specific types of risks that may be associated with each source by country, and those source countries deemed to be of significant risk;
                (iii)  an analysis of the distortive effects of the predatory economic, pricing, and market manipulation strategies and practices used by countries that process critical minerals that are exported to the United States, including the distortive effects on domestic investment and the viability of United States production, as well as an assessment of how such strategies and practices permit such countries to maintain their control over the critical minerals processing sector and distort United States market prices for derivative products;
                 (iv)   an analysis of the demand for processed critical minerals by manufacturers of derivative products in the United States and globally, including an assessment of the extent to which such manufacturers’ demand for processed critical minerals originates from countries identified under subsections (b)(ii) and (b)(iii) of this section;
                 (v)    a review and risk assessment of global supply chains for processed critical minerals and their derivative products;
                 (vi)   an analysis of the current and potential capabilities of the United States to process critical minerals and their derivative products; and
                 (vii)  the dollar value of the current level of imports of all processed critical minerals and derivative products by total value and country of export.
         (c)  The Secretary of Commerce shall, consistent with applicable law, proceed expeditiously in conducting the investigation as follows:
                 (i)    Within 90 days of the date of this order, the Secretary of Commerce shall submit for internal review and comment a draft interim report to the Secretary of the Treasury, the Secretary of Defense, the United States Trade Representative, the Assistant to the President for Economic Policy, and the Senior Counselor to the President for Trade and Manufacturing.
                 (ii)   Comments to the Secretary of Commerce from the officials identified in subsection (c)(i) of this section shall be provided within 15 days of submission of the draft interim report described in subsection (c)(i) of this section.
                 (iii)  The Secretary of Commerce shall submit a final report and recommendations to the President within 180 days of the investigation’s commencement.
         (d)  In considering whether to make recommendations for action or inaction pursuant to section 232(b) of the Act (19 U.S.C. 1862(b)), the Secretary of Commerce shall consider:
                 (i)    the imposition of tariffs as well as other import restrictions and their appropriate levels;
                 (ii)   safeguards to avoid circumvention and any weakening of the section 232 measures;
                 (iii)  policies to incentivize domestic production, processing, and recycling; and
                 (iv)   any additional measures that may be warranted to mitigate United States national security risks, as appropriate, under the President’s authority pursuant to the International Emergency Economic Powers Act (50 U.S.C. 1701 et seq.).

         Sec. 4.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:
                 (i)   the authority granted by law to an executive department or agency, or the head thereof; or
                 (ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.
         (b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.
         (c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

                                  DONALD J. TRUMP

    THE WHITE HOUSE
        April 15, 2025.

    MIL OSI USA News –

  • MIL-OSI USA News: Fact Sheet: President Trump Brings Permitting Technology Into the 21st Century for Government Efficiency

    Source: The White House

    MODERNIZING PERMITTING TECHNOLOGY: Today, President Donald J. Trump issued a memorandum to ensure the Federal government is leveraging modern technology to effectively and efficiently conduct environmental reviews and evaluate permits.

    • The Presidential Memorandum directs Federal agencies to make maximum use of technology in the environmental review and permitting processes for infrastructure projects of all kinds.
    • The Council on Environmental Quality (CEQ), in consultation with the National Energy Dominance Council (NEDC) and relevant permitting agencies, will issue a Permitting Technology Action Plan to guide agencies as they use technology to digitize permit applications, expedite reviews, enhance interagency coordination on projects, and give sponsors more transparency and predictability on project permitting schedules.
    • CEQ will also establish and lead a Permitting Innovation Center to assist Federal agencies as they adopt new software and automate application and review processes, including to coordinate agencies in this effort.
    • This will also help agencies share information with state and tribal officials to make those permitting processes easier for project sponsors.

    ELIMINATING UNCERTAINTY: President Trump recognizes the environmental review and permitting process has been burdened by a lack of transparency and outdated technology.

    • The current environmental review and permitting process in the United States is inefficient, unpredictable, and counterproductive to the growth of the American economy and other infrastructure projects that benefit the American people.
    • Projects often involve multiple Federal agencies with overlapping statutory requirements, and expanding the use of modern technology in the environmental review and permitting process will improve coordination and reduce duplicative efforts by both Federal agencies and project applicants.
    • The actual time to complete many infrastructure projects, when measured from project inception to in-service date, can be a decade or more.

    RESTORING AMERICAN PROSPERITY:  Environmental review and permitting reform is a top priority for the Trump Administration and this action will accelerate the process, improve the transparency and predictability of project timelines, and eliminate unnecessary delays holding back the growth of the American economy. 

    • As part of his America First agenda, President Trump promised to Make America Affordable and Energy Dominant Again by streamlining environmental reviews and permitting decisions.
    • This memorandum builds on President Trump’s Day One Executive Order Unleashing American Energy, which includes provisions to expedite and simplify the environmental review and permitting process, and return our Nation to energy dominance.
      • In response to the President’s Executive Order, the CEQ published an interim final rule to rescind its National Environmental Policy Act (NEPA) regulations. Rescinding this regulation removes a burdensome layer of bureaucracy, creating a clear path for agencies to expeditiously reform their own NEPA procedures and allow America to build again.
      • This action to return CEQ to a consulting body, combined with the implementation of modern permitting technology, will enable better interagency coordination, resulting in the greatest and fastest permitting reform ever to take place in the decades-long history of NEPA.

    MIL OSI USA News –