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World’s first biodegradable plastic produced from CO2 emissions in Finland

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ESPOO, Finland, Oct. 15, 2024 /PRNewswire/ — Fortum Recycling & Waste, a leading waste management and circular solutions company from Finland, has succeeded in producing biodegradable plastic from carbon dioxide (CO2) emissions from waste incineration at its plant in Riihimäki, Finland. This breakthrough, based on carbon capture and utilization (CCU), is a significant step towards reducing and utilizing industrial carbon dioxide emissions. 

According to Tony Rehn, Head of the Carbon2x program, the production of CO2-based plastic provides a new, sustainable raw material for the plastics industry. 

“I am very proud that our team is the first in the world to successfully produce biodegradable plastic entirely from carbon dioxide emissions. This breakthrough is a significant step towards more sustainable plastic production. This kind of development work helps to reduce dependence on fossil-based raw materials and can create new circular economy-based business,” Rehn explains. 

Similar carbon capture development projects are underway in several industrial sectors in Finland and globally, but the majority of them focus on the production of synthetic fuels and carbon capture and storage (CCS). 

“Captured carbon dioxide should be utilized as a new raw material instead of storing it underground or releasing it into the atmosphere when using fuel. Utilizing captured CO2 is a much more sustainable option in terms of tackling resource scarcity in the future. Whereas carbon capture and storage is a linear solution that does not address the growing material shortage, carbon capture and utilization promotes circular economy,” says Rehn. 

Fortum Recycling & Waste’s Carbon2x program piloted carbon capture and utilization in 2022. The program aims to capture carbon dioxide emissions from the incineration of non-recyclable waste and use them to produce sustainable products, such as biodegradable plastic. 

Plastic is a superior material due to its versatility 

Every year, Europe generates nearly 100 million tons of non-recyclable waste that is incinerated and utilized in energy production. According to Rehn, the wider implementation of the Carbon2x program’s innovation would mean that up to 90% of the CO2 emissions released into the atmosphere from waste incineration could be captured and bound into products. 

Lightweight, durable, and easily modifiable, plastic today is an indispensable material in, for example, food packaging and consumer product manufacturing. According to Rehn, new sustainable solutions are needed for plastic production to complement recycled and bio-based plastics. Biodegradable, CO2-based plastic offers a significant alternative to the market because it has the same qualitative properties as traditional, fossil-based virgin plastics. 

“We want to promote the circulation of materials comprehensively. We believe that a whole new category of sustainable plastics is emerging from products such as ours, even though the mechanical recycling of plastics is still needed,” Rehn clarifies. 

Biodegradable, CO2-based plastic can be recycled just like many other plastics, closing the carbon cycle. An additional advantage of biodegradable plastic is that even if it would end up in nature by accident, it decomposes and does not leave harmful microplastics in the environment. 

According to Rehn, the Carbon2x program’s innovation is hoped to provide solutions not only for material production for food and cosmetics packaging, but also for other sectors such as toys and home electronics. 

Rehn estimates that at this rate of development, the industrial production of biodegradable plastic made from waste incineration’s CO2 emissions could start as early as the end of the decade. The new “plastics born from CO2” brand will be introduced to the European market in November 2024. 

Background Information 

Carbon Capture. Carbon capture (CCS and CCU) refers to technologies that remove carbon dioxide from industrial flue gases. Using capture technologies, the carbon dioxide generated in processes is captured before it is released with the exhaust gases. Currently, various research and development organizations have most commonly presented options for storing captured carbon dioxide, for example, under the seabed. However, the Carbon2x program believes that a more environmentally friendly and, in terms of resource scarcity, a better solution is to utilize captured carbon dioxide as new materials instead of storing it. This can reduce the use of fossil raw materials and return carbon to the material cycle. 

Carbon Capture (CC) refers to the separation of captured carbon dioxide from the flue and exhaust gases of power plants or industrial processes, or alternatively directly from the atmosphere. 

Carbon Capture and Storage (CCS) refers to the long-term storage of captured and separated carbon dioxide underground or under the seabed. 

Carbon Capture and Utilization (CCU), on the other hand, aims to convert captured carbon dioxide into various end products, such as fuels, chemicals, or materials. 

Biodegradable plastics are materials that completely decompose into carbon dioxide and water in nature through the action of naturally occurring microorganisms, such as bacteria, fungi, or algae. 

Tony Rehn, Head of the Carbon2x program 
Email: tony.rehn@fortum.com
Tel: +358 40 4855 857 

Heli Poikonen, Communications and Marketing Director
Email: heli.poikonen@fortum.com
Tel: +358 50 3794 119 

More information about the Carbon2x project: https://fortum.com/carbon2x

More information on CO2-based plastics: https://plasticsbornfromco2.com/

Carbon2x. The goal of Fortum Recycling & Waste’s Carbon2x concept, launched in April 2022, is to recycle otherwise non-recyclable waste by capturing the carbon dioxide emissions generated from its incineration and returning the carbon dioxide to the material cycle as high-quality plastics. The pilot project utilizing carbon dioxide generated from waste incineration is the first of its kind in the world. The pilot is being implemented at Fortum’s plant in Riihimäki, Finland. The first products of the Carbon2x program are expected to reach the market within this decade. 

Fortum Recycling & Waste  
Fortum Recycling & Waste is Rethinking Recycling and leading the way towards revolution of materials. Solving problems is in our DNA and our mission is to transform waste streams back to essential raw materials. Our role is to find solutions for our customers’ environmental and waste challenges to enable circularity of materials.  

Fortum Recycling & Waste operates in the Nordics, offering environmentally friendly waste management and hazardous waste treatment. Additionally, we provide recycling services for materials – including solutions for plastics, metals, as well as ash and slag residues. We employ approximately 900 people. 

Fortum Recycling & Waste has recently been acquired by Summa Equity through its portfolio company NG Group. The transaction is subject to customary closing conditions and is expected to be completed in the fourth quarter of 2024.  

Read more on Fortum Recycling & Waste in here: Fortum Recycling & Waste | Fortum

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/fortum/r/world-s-first-biodegradable-plastic-produced-from-co2-emissions-in-finland,c4050921

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Press Release 15 Oct 2024 World’s first biodegradable plastic produced from CO2 emissions in Finland

https://news.cision.com/fortum/i/biodegradable-plastic-sample,c3342155

Biodegradable plastic sample

 

View original content:https://www.prnewswire.co.uk/news-releases/worlds-first-biodegradable-plastic-produced-from-co2-emissions-in-finland-302275969.html

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Eddid Financial, SageRock Capital, and ArtWise Sign MOU to Drive Art Tokenisation and Blockchain Finance in Hong Kong

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HONG KONG, July 27, 2026 /PRNewswire/ — Eddid Financial, a leading fintech-driven financial services group; SageRock Capital, which integrates traditional finance with blockchain financial innovation; and ArtWise, a specialist in the art collection industry, jointly announced that the three parties have formally signed a Memorandum of Understanding (MOU). The parties have established a strategic partnership focusing on art tokenisation and blockchain finance, joining hands to help build Hong Kong into an international hub for art collection and blockchain financial innovation.

Harnessing Tripartite Expertise to Drive Art Tokenisation

This collaboration combines the respective expertise of the three parties across investment architecture, compliant financial services, and the art sector. SageRock Capital focuses on investment structuring and asset allocation; Eddid Securities and Futures, a subsidiary of the Eddid Financial, leverages its core strengths in Hong Kong’s capital markets and compliant financial services; and ArtWise contributes its deep expertise in art collection. By integrating blockchain technology, the three parties will jointly construct development pathways for art asset tokenisation, driving the deep integration of traditional finance and digital assets.

Upholding Regulatory Standards to Build an Art Blockchain Financial Ecosystem

Under Hong Kong’s mature and robust virtual asset regulatory framework, the tripartite collaboration will strictly adhere to the compliance requirements of the Securities and Futures Commission (SFC) and other relevant regulatory bodies in advancing the research and development of art tokenisation products. Empowered by blockchain technology, the partnership will focus on enhancing ownership verification and transaction transparency for art assets, bridging traditional and digital financial markets to forge a new pathway for compliant development in Hong Kong’s art market and blockchain finance sector.

By leveraging the traceable and immutable characteristics of blockchain technology, this collaboration significantly enhances the transaction transparency and credibility of art assets. This will not only drive the digital upgrading of Hong Kong’s art market, but also further solidify Hong Kong’s position as a premier international hub for art trading and Web3 financial innovation.

About the Three Parties

About Eddid Financial

Anchored in Hong Kong, Eddid Financial is an all-encompassing financial group centered around fintech and dedicated to integrating latest technologies into its enterprise DNA. The diversified businesses of Eddid Financial range from retail to institutional and include but are not limited to fintech, internet finance, wealth management, asset management, investment banking, and digital assets. Eddid Financial is committed to providing one-stop financial services and products to customers through high-quality investment solutions.

Members of the Group hold a variety of licenses and memberships across key financial markets. These include Hong Kong Securities and Futures Commission (SFC) regulated activities (“RA”) licenses for types 1, 2, 3, 4, 5, 6, and 9; SEHK and HKCC participant (OTP-C broker number: 0974 and 0977), Insurance Broker Company license; Trust or Company Service Provider License in Hong Kong. Additionally, our fully owned U.S. broker-dealer subsidiary, Eddid Securities USA Inc., maintains approved membership with the Financial Industry Regulatory Authority (FINRA), the National Futures Association (NFA), the Securities Investor Protection Corporation (SIPC), the Nasdaq Stock Market LLC (NQX), the New York Stock Exchange (NYSE) and NYSE American, and is registered with the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in the United States. Our Singapore subsidiary, Eddid Financial Singapore Pte. Ltd., holds the Capital Markets Services License (License No.: CMS101839) issued by the Monetary Authority of Singapore (MAS).

About SageRock Capital

SageRock Capital focuses on integrating TradFi with blockchain innovation. With years of experience in asset integration, structural design, and financial innovation cooperation, SageRock is committed to building bridges between traditional and digital finance. It specializes in new economic industries supporting high-quality industrial development. In this cooperation, SageRock will leverage its strengths in capital structure design and asset integration, collaborating with licensed financial institutions and technology/industry partners to explore innovative financing and tokenisation models for art assets under a compliant framework.

About ArtWise

ArtWise is deeply engaged in the art collection and investment sector, possessing rich artwork resources, professional appraisal and appreciation expertise, and profound industry heritage. The company is committed to driving the modernization and digital transformation of the traditional art market, leveraging cutting-edge technology to convert blue-chip artworks into compliant, structured, and tokenised assets. Centred on asset compliance and legal enforceability, ArtWise utilizes custodial trust frameworks and a dual-layer governance structure (direct binding of on-chain smart contracts with off-chain legal contracts) to deliver high-credibility and liquid art finance solutions for institutional investors and private banking clients. In this collaboration, ArtWise will leverage its professional strengths in the art collection industry, select high-quality art assets, and work alongside its partners to build a compliant, transparent, and trustworthy art tokenisation ecosystem.

View original content:https://www.prnewswire.com/apac/news-releases/eddid-financial-sagerock-capital-and-artwise-sign-mou-to-drive-art-tokenisation-and-blockchain-finance-in-hong-kong-302834847.html

SOURCE Eddid Financial

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BinBase Releases 2026 BIN Data Updates for Subscriptions, Digital Wallet Tokens, and Dynamic Currency Conversion

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BinBase enhances its 2026 dataset with Apple/Google Pay token range identification, Direct Debit attributes, and default ISO currency codes to optimize recurring billing and reduce SaaS churn.

MIAMI, July 26, 2026 /PRNewswire-PRWeb/ — BinBase, a global provider of payment intelligence and card issuing data, has announced the rollout of specialized subscription and digital wallet attributes within its updated 2026 BIN Database. Engineered for SaaS platforms, recurring billing engines, and cross-border digital merchants, the new dataset addresses silent transaction declines and involuntary churn in recurring revenue models.

As consumer payment preferences shift heavily toward mobile wallets like Apple Pay and Google Pay, payment gateways frequently encounter Tokenized Device Account Numbers (DPANs) rather than traditional primary account numbers (PANs). Without updated token-range BIN mapping, recurring billing engines fail to recognize underlying issuer capabilities, leading to unexpected declines during subscription renewals.

The 2026 BinBase release resolves these recurring billing challenges through specific data attributes:

Tokenized Range Identification: Dedicated indicators for Apple Pay, Google Pay, and Network Tokens, allowing subscription engines to maintain seamless recurring billing authorization paths.Direct Debit & Pull-Funds Support (Pull Dom): Indicators for recurring debit eligibility, helping subscription platforms optimize automated bank-direct collections.Default ISO Currency Mapping: Precise issuing country currency codes to eliminate friction during Dynamic Currency Conversion (DCC) and prevent cross-border fee surprises for subscribers.Card Tier & Category Precision: Granular identification of premium, rewards, and corporate card ranges to help merchants customize retry logic and billing schedules based on cardholder profiles.

“Involuntary churn is the silent killer of subscription businesses,” said a spokesperson for Damiko Inc. “When a recurring billing charge fails due to misidentified token ranges or currency conversion errors, merchants lose lifetime value. Our 2026 update provides software engineers with the data precision required to maximize subscription authorization rates and protect recurring revenue.”

Software architects and billing platform developers can evaluate the complete 29-field schema and download a free 2026 sample dataset on GitHub.

To learn more about full commercial licensing options, API access, and bulk CSV database downloads, visit BinBase at https://binbase.com.

About Damiko Inc

Damiko Inc is a US-based fintech data provider specializing in card issuer analytics, payment routing data, and global BIN database solutions. Operating through its flagship product, BinBase.com, the company supplies high-precision transaction intelligence to help merchants and payment facilitators worldwide optimize approval rates and mitigate processing fees.

Media Contact
Fedor Lavrikoff, BinBase, 1 7866133334, sales@binbase.com, www.binbase.com

View original content:https://www.prweb.com/releases/binbase-releases-2026-bin-data-updates-for-subscriptions-digital-wallet-tokens-and-dynamic-currency-conversion-302829565.html

SOURCE BinBase

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Ookla Study in Manila: Carrier VoLTE Networks Prove to Outperform OTT Apps in Voice Quality and Reliability

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MANILA, Philippines, July 27, 2026 /PRNewswire/ — Ookla’s comprehensive controlled network test reveals that traditional mobile operator networks deliver a measurably superior voice experience compared to Over-the-Top (OTT) applications like WhatsApp, particularly in critical areas such as audio fidelity, weak signal resilience, and call reliability.

The study, which evaluated the networks of the Philippines’ three major mobile operators—Smart Communications, Globe Telecom, and DITO Telecommunity, demonstrates that carrier-managed VoLTE infrastructure remains the gold standard for consistent, high-quality communication, outperforming OTT voice services.

Operator Voice Deliver Consistent HD Audio, OTT Apps Only Offer Fair Quality

The research found a distinct quality gap in audio performance. While operator voice calls consistently delivered HD-grade audio quality—rated “Good”(scoring > 4.0) to “Excellent” (scoring > 4.3) across all three networks, OTT voice calls were rated only as “Fair” (scoring < 4.0). Smart and DITO achieved higher MOS scores than Globe by deploying the advanced EVS codec, which offers superior audio fidelity over Globe’s AMR-WB.

Conversely, this gap exists because OTT apps treat voice as generic data packets, vulnerable to the internet’s “best-effort” delivery. Even with operator network optimizations, OTT voice lacks the stringent Quality of Connection (QoC) guarantees. Under network stress—such as congestion, weak coverage, high packet loss, or significant jitter—OTT audio degrades noticeably. In contrast, VoLTE leverages exclusive high-priority cellular bearers to safeguard voice quality.

Operator Voice Sustains HD Quality in Weak Coverage While OTT Calls Degrade

The performance gap widens significantly at the cell edge, where signal strength is low. Under moderate-to-low RF coverage conditions (RSRP ≤ -100 dBm), operator-managed VoLTE calls maintained HD-grade clarity.

Conversely, OTT calls degraded further, slipping from “Fair” into the “Poor” (scoring < 3.6) and “Bad” (scoring < 3) ranges. This is a critical finding for consumers in areas with obstructed signals or far from cell sites, proving that dedicated voice bearers protect call quality where best-effort data (used by OTT) cannot.

VoLTE Delivers More Reliable Call Connections Than OTT

Reliability is another key differentiator. The study shows that VoLTE has significantly lower block rates (call setup failure rates) than OTT services. For instance, Globe recorded the lowest VoLTE block rate at 0.47%, versus its OTT rate of 1.64%. This trend was consistent across operators, highlighting that the dedicated signaling protocols of VoLTE (like optimized SIP and SRVCC) provide a more robust connection experience than OTT’s best-effort data model.

The Path Forward: Building a Solid VoLTE Foundation for AI-Driven Voice

As Philippine NTC mandates the 3G sunset by December 2026, the industry must prioritize comprehensive VoLTE coverage and user migration. Looking ahead, the convergence of voice and AI stands as the industry’s definitive future trend. However, a high- performance VoLTE network is the vital prerequisite for this shift. Operators should continuously refine their VoLTE infrastructure, laying a solid foundation to seamlessly integrate voice with AI and unlock the next generation of intelligent calling experiences.

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SOURCE Ookla

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