KUALA LUMPUR, March 4 (Bernama) -- Cirrus Therapeutics, a global ocular immunology company, announced several business and pipeline updates to support its strategy of advancing first-in-class and best-in-class therapies for chronic blinding diseases.
The updates include expanding its global footprint to Singapore, forming a strategic partnership with the Agency for Science, Technology and Research (A*STAR), and unveiling a next-generation retinal pigment epithelium (RPE) cell therapy as its second pipeline programme.
“Our presence in Singapore well positions us to leverage critical research, clinical development and partnering opportunities in the Asia-Pacific region.
“We look forward to collaborating with A*STAR Institute of Molecular and Cell Biology (IMCB) and renowned clinician-scientist Dr Xinyi Su to accelerate advancement of cutting-edge ocular medicines, including our differentiated next-generation RPE cell therapy,” said Cirrus Therapeutics Chief Executive Officer and Co-founder, Ying Kai Chan in a statement.
The company established a new research and development (R&D) site in Singapore, expanding its infrastructure beyond its United Kingdom science origins and United States presence, gaining access to the Asia-Pacific biopharma market. Si Hui Tan, who previously led the first-in-class liver regeneration programme at Lerna Biopharma, has been appointed as Director, Pipeline and Site Head, Singapore.
Related to the expansion, Cirrus entered into a multi-million dollar strategic collaboration with Singapore’s A*STAR. This partnership is aimed at accelerating the advancement of innovative ophthalmic assets, including Cirrus’ newly unveiled second pipeline programme. The collaboration will be led by A*STAR IMCB Executive Director, Dr Su.
Cirrus unveiled its second pipeline programme, a novel RPE cell therapy designed for the treatment of centre-involving geographic atrophy (GA). This next-generation cell therapy is differentiated, offering the potential for class-leading vision restoration due to its capacity to function and survive in the hostile GA environment.
The company also continues to advance its lead programme—a novel ocular gene therapy aimed at restoring IRAK-M to prevent age-related macular degeneration (AMD) progression and preserve central vision.
-- BERNAMA
Tuesday, March 3, 2026
Open Campus, Le & Associates, and SKALE partner to pilot credential-powered job matching initiative in Vietnam
HO CHI MINH CITY, Vietnam, March 4 (Bernama-GLOBE NEWSWIRE) -- Open Campus, the community-led decentralized autonomous organization (DAO) building the blockchain-powered financial layer for education, today announced that it has entered into a Memorandum of Understanding (MoU) with Le & Associates and SKALE in relation to the intended launch of a credential-powered job matching initiative focused on the Vietnamese market.
The collaboration will combine Open Campus’s education ecosystem and credential and identity infrastructure with Le & Associates’s recruitment expertise and SKALE’s digital recruitment platform to enable candidates to share verified achievements directly with employers, and allow companies to screen applicants based on validated skills rather than solely self-reported resumes. Further details on the rollout will be announced in due course.
The pilot will initially focus on high school and university students entering the workforce and evaluate how trusted, portable credentials can improve alignment between candidates’ verified skills and employers’ hiring requirements.
Ms. Pham Thi My Le, founder and chairwoman at Le & Associates, said: “In Vietnam’s fast-moving labor market, candidates and employers often struggle to clearly signal and match skills and capabilities. Verifiable credentials can help bridge this gap by giving employers more trusted information, while enabling candidates to present their achievements with greater clarity and confidence.”
Mr. Truong Binh Nguyen, chief executive officer of SKALE, said: “SKALE is proud to contribute our online recruitment platform to this initiative. By leveraging AI-powered matching and intelligent screening, we seek to accelerate hiring cycles, enhance talent quality, and foster a more transparent and scalable bridge between enterprises and educational institutions.”
Jonah Lau, project lead and core contributor at Open Campus, said: “Vietnam is a market where education, skills, and employment pathways are rapidly evolving. We are excited to collaborate with Le & Associates and SKALE to demonstrate how verifiable credentials can be used in real hiring workflows - helping learners demonstrate what they have achieved and supporting employers to evaluate candidates with more trusted signals of skills and capabilities.”
As the initiative progresses, insights from the pilot will inform future development of credential‑powered recruitment, supporting the wider adoption of Open Campus ID and verifiable credentials across Vietnam’s talent economy.
About Le & Associates
Founded in 2001, Le & Associates (L&A) is a leading human resources solutions provider in Vietnam and a member of L&A Holdings. With over two decades of experience, L&A specializes in comprehensive workforce solutions, including staffing, outsourcing, mass recruitment, payroll management, and HR services.
L&A currently deploys more than 26,000 employees nationwide and delivers over 200 successful projects each year. By combining deep local market expertise with advanced HR technology, L&A helps businesses optimize their human capital and achieve sustainable growth.
About SKALE
SKALE is an AI-driven HR technology platform that helps organizations attract, assess, and develop talent with advanced AI matching and data-driven recruitment solutions. Built on competency frameworks and intelligent screening, SKALE streamlines hiring and enhances workforce performance for clients across Vietnam and the region.
About Open Campus
Open Campus is a community-led DAO that is building the blockchain-powered financial layer for education. Core contributors to the Open Campus DAO include Animoca Brands, TinyTap, NewCampus, RiseIn, and HackQuest. Together, they are working with Open Campus to enhance the education system for teachers, learners, and institutions by using innovative blockchain protocols and funding initiatives. Open Campus has launched EDU Chain, an Arbitrum Orbit blockchain designed for consumer-facing education apps and on-chain education finance (EduFi).
Media contacts
Le & Associates: cs@l-a.com.vn
SKALE: ask@skale.asia
Open Campus: info@opencampus.xyz
https://www.globenewswire.com/NewsRoom/AttachmentNg/87e19e20-d7a2-49ff-8957-e7d6f4d51777
SOURCE: Open Campus
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
The collaboration will combine Open Campus’s education ecosystem and credential and identity infrastructure with Le & Associates’s recruitment expertise and SKALE’s digital recruitment platform to enable candidates to share verified achievements directly with employers, and allow companies to screen applicants based on validated skills rather than solely self-reported resumes. Further details on the rollout will be announced in due course.
The pilot will initially focus on high school and university students entering the workforce and evaluate how trusted, portable credentials can improve alignment between candidates’ verified skills and employers’ hiring requirements.
Ms. Pham Thi My Le, founder and chairwoman at Le & Associates, said: “In Vietnam’s fast-moving labor market, candidates and employers often struggle to clearly signal and match skills and capabilities. Verifiable credentials can help bridge this gap by giving employers more trusted information, while enabling candidates to present their achievements with greater clarity and confidence.”
Mr. Truong Binh Nguyen, chief executive officer of SKALE, said: “SKALE is proud to contribute our online recruitment platform to this initiative. By leveraging AI-powered matching and intelligent screening, we seek to accelerate hiring cycles, enhance talent quality, and foster a more transparent and scalable bridge between enterprises and educational institutions.”
Jonah Lau, project lead and core contributor at Open Campus, said: “Vietnam is a market where education, skills, and employment pathways are rapidly evolving. We are excited to collaborate with Le & Associates and SKALE to demonstrate how verifiable credentials can be used in real hiring workflows - helping learners demonstrate what they have achieved and supporting employers to evaluate candidates with more trusted signals of skills and capabilities.”
As the initiative progresses, insights from the pilot will inform future development of credential‑powered recruitment, supporting the wider adoption of Open Campus ID and verifiable credentials across Vietnam’s talent economy.
About Le & Associates
Founded in 2001, Le & Associates (L&A) is a leading human resources solutions provider in Vietnam and a member of L&A Holdings. With over two decades of experience, L&A specializes in comprehensive workforce solutions, including staffing, outsourcing, mass recruitment, payroll management, and HR services.
L&A currently deploys more than 26,000 employees nationwide and delivers over 200 successful projects each year. By combining deep local market expertise with advanced HR technology, L&A helps businesses optimize their human capital and achieve sustainable growth.
About SKALE
SKALE is an AI-driven HR technology platform that helps organizations attract, assess, and develop talent with advanced AI matching and data-driven recruitment solutions. Built on competency frameworks and intelligent screening, SKALE streamlines hiring and enhances workforce performance for clients across Vietnam and the region.
About Open Campus
Open Campus is a community-led DAO that is building the blockchain-powered financial layer for education. Core contributors to the Open Campus DAO include Animoca Brands, TinyTap, NewCampus, RiseIn, and HackQuest. Together, they are working with Open Campus to enhance the education system for teachers, learners, and institutions by using innovative blockchain protocols and funding initiatives. Open Campus has launched EDU Chain, an Arbitrum Orbit blockchain designed for consumer-facing education apps and on-chain education finance (EduFi).
Media contacts
Le & Associates: cs@l-a.com.vn
SKALE: ask@skale.asia
Open Campus: info@opencampus.xyz
https://www.globenewswire.com/NewsRoom/AttachmentNg/87e19e20-d7a2-49ff-8957-e7d6f4d51777
SOURCE: Open Campus
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
--BERNAMA
Sunday, March 1, 2026
Bitget Publishes February 2026 Proof of Reserves, Maintaining 169% Total Reserve Ratio
VICTORIA, Seychelles, March 2 (Bernama-GLOBE NEWSWIRE) -- Bitget, the world’s largest Universal Exchange (UEX), has released its February 2026 Proof of Reserves (PoR), reaffirming full backing of user assets amid continued market volatility and cautious investor sentiment across digital asset markets.
The February snapshot covers BTC, ETH, USDT, and USDC, with corresponding reserve data published on Bitget's Proof of Reserves transparency page. As with previous disclosures, the update includes on-chain wallet attestations and a self-verification tool that allows users to confirm their inclusion in the Merkle tree using anonymized identifiers, preserving both transparency and privacy.
As of the February reporting period, Bitget maintains a total reserve ratio of 169%, remaining well above the industry standard 1:1 benchmark. Asset-specific reserve ratios stand at 352% for BTC, 147% for ETH, 100% for USDT, and 104% for USDC, confirming that all user balances across core assets are fully covered by on-chain reserves.
"Periods of uncertainty are when transparency carries the most weight," said Gracy Chen, CEO of Bitget. "February continued to test market confidence, but our reserves remained consistently over-collateralized. Proof of Reserves is not a reactive disclosure, it's our internal commitment to reflect how Bitget operates through every market cycle."
Despite persistent macro pressure and heightened volatility, Bitget's reserve structure remained stable, ensuring uninterrupted access to user funds and platform operations. Proof of Reserves functions as a core component of Bitget's broader security framework, operating alongside its Protection Fund and continuous risk monitoring systems. Merkle root verification allows users to independently validate balances without exposing personal or account-level data.
As Bitget continues to expand its Universal Exchange model, bringing crypto, tokenized assets, and onchain markets into a unified trading environment, regular Proof of Reserves reporting remains foundational. Ongoing disclosures provide users with a clear, verifiable view into platform solvency, reinforcing trust as market conditions evolve.
To view Bitget’s latest Proof of Reserves, please visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aad8d6fd-5e38-4ccf-b6d5-8c7dde36c2c9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
The February snapshot covers BTC, ETH, USDT, and USDC, with corresponding reserve data published on Bitget's Proof of Reserves transparency page. As with previous disclosures, the update includes on-chain wallet attestations and a self-verification tool that allows users to confirm their inclusion in the Merkle tree using anonymized identifiers, preserving both transparency and privacy.
As of the February reporting period, Bitget maintains a total reserve ratio of 169%, remaining well above the industry standard 1:1 benchmark. Asset-specific reserve ratios stand at 352% for BTC, 147% for ETH, 100% for USDT, and 104% for USDC, confirming that all user balances across core assets are fully covered by on-chain reserves.
"Periods of uncertainty are when transparency carries the most weight," said Gracy Chen, CEO of Bitget. "February continued to test market confidence, but our reserves remained consistently over-collateralized. Proof of Reserves is not a reactive disclosure, it's our internal commitment to reflect how Bitget operates through every market cycle."
Despite persistent macro pressure and heightened volatility, Bitget's reserve structure remained stable, ensuring uninterrupted access to user funds and platform operations. Proof of Reserves functions as a core component of Bitget's broader security framework, operating alongside its Protection Fund and continuous risk monitoring systems. Merkle root verification allows users to independently validate balances without exposing personal or account-level data.
As Bitget continues to expand its Universal Exchange model, bringing crypto, tokenized assets, and onchain markets into a unified trading environment, regular Proof of Reserves reporting remains foundational. Ongoing disclosures provide users with a clear, verifiable view into platform solvency, reinforcing trust as market conditions evolve.
To view Bitget’s latest Proof of Reserves, please visit here.
About Bitget
Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 100+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships with LALIGA and MotoGP™. Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.
For more information, visit: Website | Twitter | Telegram | LinkedIn | Discord
For media inquiries, please contact: media@bitget.com
Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose. The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered. Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aad8d6fd-5e38-4ccf-b6d5-8c7dde36c2c9
SOURCE: Bitget Limited
DISCLAIMER: BERNAMA MREM are not accountable for any causes of website defacement, misuse, or illegal activities connected to cryptocurrency, blockchain, tokenisation, or bitcoin. This material should not be considered as guidance or an opinion, as it does not constitute financial or investment advice. Use this information at your own risk; we are not liable for any losses or damages caused by the republication of this article.
Friday, February 27, 2026
NIPPON KINZOKU EXPANDS MAGNESIUM ALLOY FOIL SALES
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| Magnesium Alloy Foil (Alloy: AZ31B, Thickness: 0.05 mm, Width: 100 mm) |
KUALA LUMPUR, Feb 27 (Bernama) -- Nippon Kinzoku Co Ltd, a pioneer in the rolling of magnesium alloys, has announced a strategic expansion in the sales of its magnesium alloy foil, positioned as a core "Eco-Product" to help reduce environmental impact.
The company said in a statement the high-performance material offers the lightest weight among practical metals and features superior vibration-damping properties, addressing a wide range of industrial applications.
The magnesium alloy foil is currently used in the chassis of personal computers (PCs) and smartphones, and the company expects strong growth in demand from the expanding extended reality (XR) device market, beyond mobile PCs.
Nippon Kinzoku said it has integrated its proprietary rolling and material development technologies to establish mass-production capability for ultra-thin magnesium alloy foil, achieving a thickness of as low as 0.044 millimetres.
The product features long-length coils that enable stable production of difficult-to-roll magnesium, allowing continuous processing and improving manufacturing efficiency.
It also offers high strength and formability comparable to thicker plates, enabling press-forming with the same ease as standard-gauge magnesium alloys.
In addition, its vibration-damping properties help absorb noise and vibration, enhancing audio quality in speaker diaphragms and improving stability in mobile device chassis.
-- BERNAMA
Tuesday, February 24, 2026
TOSHIBA LAUNCHES HIGH-TEMPERATURE VOLTAGE-DRIVEN PHOTORELAYS
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| Toshiba: small photorelays with 135°C rating for high-temperature equipment operation. |
KUALA LUMPUR, Feb 25 (Bernama) -- Toshiba Electronic Devices & Storage Corporation (Toshiba) has launched four voltage-driven photorelays, “TLP3407SRB”, “TLP3412SRB“, ”TLP3412SRHB“, and “TLP3412SRLB”, housed in the small S-VSON4T package.
According to Toshiba in a statement, volume shipments start today.
The new photorelays deliver a maximum operating temperature of 135 degrees Celsius (°C), up from 125°C in previous models, targeting automotive semiconductor testers, probe cards, and burn-in equipment that operate under high-temperature conditions.
Advances in electrification and autonomous driving have increased demand for high-density electronic component packaging in automotive equipment, requiring semiconductors and supporting devices to function reliably at elevated temperatures.
Toshiba said the temperature increase was achieved by optimising the design of built-in elements. The photorelays are voltage-driven with integrated resistors on the input side, eliminating the need for external resistors and reducing board space requirements.
The S-VSON4T package measures 1.45 × 2.0 millimetres (mm), enabling multiple photorelays to be mounted on a limited board area while maintaining reliable operation under high-temperature conditions.
Toshiba said the combination of compact size, high-temperature tolerance, and built-in resistor design makes these photorelays well-suited for automotive semiconductor testing and burn-in applications.
The company added that it will continue expanding its lineup of products capable of supporting high-temperature operation for automotive and industrial equipment.
-- BERNAMA
Aeris and Verizon Business Simplify Global IoT Expansion with Unified Connectivity and Orchestration
Mark Cratsenburg - Chief Commercial Officer, IoT Business Unit, Aeris
New Aeris IoT Accelerator (IoTA) Services enable multinational enterprises to localize U.S. devices in weeks instead of months using Verizon Business’ IoT connectivity and ThingSpace platform, all through a single global architecture
CHICAGO, Feb 25 (Bernama-BUSINESS WIRE) -- Aeris, a global leader in wireless management platforms, security services and connected vehicle programs, today announced an inbound IoT connectivity management relationship with Verizon Business to transform how multinational enterprises manage and scale international IoT deployments. The collaboration introduces Aeris IoTA Inbound Services, a solution that integrates the IoTA Connectivity Management Platform directly with Verizon ThingSpace platform to simplify multi-region operations. The collaboration has already enabled U.S.-based enterprises with outbound connectivity for international IoT deployments using Aeris IoTA, and this extension will broaden those capabilities by opening up the U.S. market for global device fleets.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20260224143173/en/
This innovative collaboration directly addresses the primary challenge for global IoT carriers attempting to localize in the United States: the friction caused by fragmented platforms and complex domestic connectivity stacks. By combining Verizon’s massive U.S. network and ThingSpace platform with the Aeris IoTA platform, enterprises can now manage U.S. and global deployments through a single pane of glass, ensuring consistent commercial terms and unified SIM management.
“Global enterprises require a strategic shift away from the inefficiency of juggling numerous connectivity contracts and disparate platforms,” said Mark Cratsenburg, Chief Commercial Officer, IoT Business Unit, Aeris. “Through this integration with Verizon, Aeris is delivering a unified solution that allows our tier one global partners to expand their IoT customer solutions into the U.S. market with speed and simplicity while continuing to enable a seamless experience for Verizon customers deploying devices outside of the U.S.”
“Our collaboration with Aeris allows us to enrich the IoT experience for global customers by providing them access to our top-class connectivity and platforms in the critical U.S. market. As IoT becomes increasingly mobile and global, collaborations like this one provide customers unprecedented reach and seamlessness without compromising on reliability and value, which is critical for meaningful international expansion,” said Shamik Basu, Vice President of Strategic Connectivity & IoT, Verizon Business.
The Aeris & Verizon Business integration will leverage the latest SGP.32 eSIM standard to facilitate remote provisioning and centralized management, allowing businesses to activate devices in multiple countries with confidence. The solution is designed to support 5G capabilities, including low latency and high bandwidth, which are essential for mission-critical applications in automotive, industrial automation, and smart cities.
Industry research highlights the necessity of this unified approach. John Gole, Research Director, IoT and Mobility at IDC, notes that while organizations see IoT as a key part of strategic digitalization, deploying these solutions remains challenging for those with ambitious plans to incorporate AI and automation. Analysts at IDC further project that the overall investment in the global IoT ecosystem is expected to surpass $1 trillion in 2026 as industries like manufacturing, utilities, and retail ramp up digital business investments.
Key Benefits for Multinational Customers:
- Accelerated Time-to-Market: Onboard U.S. devices in weeks rather than months.
- Operational Efficiency: Unified interface for provisioning, billing, and analytics across all regions.
- Enhanced Security: Extended protection via Aeris IoT Watchtower™ for real-time monitoring and zero-trust control.
- Future-Proof Infrastructure: Built-in support for 5G-enabled applications requiring high device density and responsiveness.
About Aeris
For more than three decades, Aeris has been a trusted wireless IoT leader enabling the biggest IoT programs and opportunities across automotive, utilities and energy, fleet management and logistics, medical devices, and manufacturing. Our IoT technology expertise serves a global ecosystem of 7,000 enterprise customers, nearly 30 mobile network operator partners, and more than 100 million IoT devices across the world. Aeris, the largest orchestrator of eSIMs for IoT, powers today’s connected smart world with innovative technologies and borderless connectivity that simplify management, enhance security, optimize performance, and drive growth at scale. To learn how Aeris IoT Accelerator Platform, Aeris IoT Watchtower, and Aeris Mobility Suite can secure and supercharge your critical IoT programs, visit aeris.com and follow us on LinkedIn.
View source version on businesswire.com:
https://www.businesswire.com/news/home/20260224143173/en/
Contact
Media Contacts
Susanna Song, Chief Marketing Officer: susanna.song@aeris.net
Kevin Petschow: KevinPetschow@guyergroup.com
Source : Aeris
LYONDELLBASELL UPDATES 2030 CLIMATE AND CIRCULARITY GOALS
KUALA LUMPUR, Feb 24 (Bernama) -- LyondellBasell (LYB), a leader in the global chemical industry, has announced updates to its 2030 climate and circularity goals, citing the need for disciplined capital allocation amid evolving market conditions and regulatory developments.
Reflecting current operating realities, the company now targets a 32 per cent reduction in Scope 1 and 2 greenhouse gas emissions by 2030, compared with a 2020 baseline, and aims to produce and market 800,000 metric tonnes of recycled and renewable-based polymers annually by the same year.
The company said its three-pillared strategy remains unchanged, focusing on growing and upgrading its core business, building a profitable circular and low-carbon business, and strengthening performance and culture.
LYB chief executive officer, Peter Vanacker said the company has made measurable progress and gained a deeper understanding of the factors that support value creation from circular and low-carbon solutions, while maintaining capital discipline in the current economic environment.
“These updates to our goals ensure we remain focused on advancing sustainability as a key value driver of our business at a pace aligned with market conditions and the regulatory environment,” he said in a statement.
Among recent milestones, the company has advanced construction of its first commercial-scale catalytic chemical recycling plant using proprietary MoReTec technology in Wesseling, Germany, supporting future growth in circular and low-carbon solutions.
LYB has also progressed in emissions reduction, including improvements at its Houston Refinery site and energy-efficiency initiatives across its manufacturing operations under its Value Enhancement Program.
In addition, the company has secured sufficient projects to reach its target of procuring at least 50 per cent of its electricity from renewable sources by 2030, based on 2020 procured levels.
Further details on LYB’s refreshed sustainability approach and the enablers supporting its targets will be released in its annual Sustainability Report in April 2026.
-- BERNAMA
Reflecting current operating realities, the company now targets a 32 per cent reduction in Scope 1 and 2 greenhouse gas emissions by 2030, compared with a 2020 baseline, and aims to produce and market 800,000 metric tonnes of recycled and renewable-based polymers annually by the same year.
The company said its three-pillared strategy remains unchanged, focusing on growing and upgrading its core business, building a profitable circular and low-carbon business, and strengthening performance and culture.
LYB chief executive officer, Peter Vanacker said the company has made measurable progress and gained a deeper understanding of the factors that support value creation from circular and low-carbon solutions, while maintaining capital discipline in the current economic environment.
“These updates to our goals ensure we remain focused on advancing sustainability as a key value driver of our business at a pace aligned with market conditions and the regulatory environment,” he said in a statement.
Among recent milestones, the company has advanced construction of its first commercial-scale catalytic chemical recycling plant using proprietary MoReTec technology in Wesseling, Germany, supporting future growth in circular and low-carbon solutions.
LYB has also progressed in emissions reduction, including improvements at its Houston Refinery site and energy-efficiency initiatives across its manufacturing operations under its Value Enhancement Program.
In addition, the company has secured sufficient projects to reach its target of procuring at least 50 per cent of its electricity from renewable sources by 2030, based on 2020 procured levels.
Further details on LYB’s refreshed sustainability approach and the enablers supporting its targets will be released in its annual Sustainability Report in April 2026.
-- BERNAMA
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