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Renewi And Freepoint Eco-Systems Announce Intention To Collaborate On Building New Waste Plastic Sorting and Treatment Infrastructure

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New Sorting Line Required To Produce Feedstock For Advanced Plastic Recycling

STAMFORD, Conn. and LONDON and GHENT, Belgium, July 17, 2024 /PRNewswire/ — Renewi and Freepoint Eco-Systems International Ltd. (Freepoint Eco-Systems) announce their intention to enter into a long-term and strategic cooperation to produce feedstock for the advanced recycling of waste plastics. This collaboration aims to divert end-of-life plastics from incineration by developing the sorting and treatment infrastructure. The goal is to supply 80,000 tonnes of feedstock for Freepoint Eco-Systems’ first European advanced recycling facility to be located at the Kluizendok site in Ghent, Belgium. By joining forces, these two industry leaders in waste management and recycling are addressing both the growing demand for sustainable solutions for end-of-life plastics and the use of pyrolysis oil to create recycled products.

A pioneering collaboration between the chemical and waste industries

Earlier this year, Freepoint announced the development of its flagship advanced plastics recycling facility in Ghent. In the coming months, Renewi and Freepoint Eco-Systems will work together to establish the pre-processing infrastructure, which will allow for the supply of 80,000 tonnes of feedstock for that plant. Pyrolysis in advanced recycling is a thermal decomposition process in which existing plastic materials are heated without oxygen to break them down into smaller molecules for use as raw material. Freepoint Eco-Systems’ advanced recycling facility will make it possible to recycle complex, mixed plastics that are difficult to process in any other way, making this facility a perfect complement to mechanical recycling.

The collaboration between Renewi and Freepoint Eco-Systems represents a significant step in the waste treatment chain and a major development in Europe’s circular economy. This partnership will bridge the current gap between waste and products and aligns with the ecological commitments (Green Deal) and emerging obligations for recycled content in new products.

By diverting end-of-life plastics that would otherwise be incinerated, this advanced recycling project is expected to enable a significant reduction in CO2 emissions, as well as a reduced need for fossil resources to produce new products. It will bring value to the local and global circular economies, from upstream waste material extraction to downstream end products.

A new sorting line to come

Freepoint Eco-Systems and Renewi are exploring the development and co-investment of a new sorting facility that will be essential for producing the 80,000 tonnes of feedstock needed for the advanced recycling plant. Renewi will leverage its accumulated expertise with its state-of-the-art residual waste sorting line, which has been operational for over a year and has already demonstrated the ability to produce high-quality feedstock for advanced recycling.

This new sorting line will utilize various innovative sorting techniques, including the utilization of residual heat from the advanced recycling plant. This process will transform different end-of-life plastic sources into a consistent and high-quality feedstock, reintegrating them into the circular economy.

“We are very pleased to embark on this first step with Freepoint Eco-Systems in the development of their first advanced plastic recycling facility. This collaboration fits perfectly with our strategy as a waste-to-product company and represents a significant milestone in our commitment to a circular economy and sustainable solutions. By combining our expertise in the waste and chemical sectors, we aim to address the growing need for innovative processes in the treatment of end-of-life plastics,” stated Mark Thys, Chief Operating Officer of Commercial Waste for Renewi.

“This project is a clear example that only through cross-industrial collaboration can the plastic waste crisis be tackled,” said Jacco de Haas, Freepoint Eco-Systems’ Chief Commercial Officer, Recycling Europe.  “The waste streams which now end up in incineration, combined with the expertise of Renewi and the new sorting line, will increase the total plastic recycling rates and will be fully complementary to mechanical recycling.”

**About Renewi**

Renewi’s vision is to be the leading waste-to-product company in the world’s most advanced circular economies. With a recycling rate of 63.2%, one of the highest in Europe, Renewi puts 6.6 million tonnes of low-carbon circular materials back into use each year. This contributes to mitigating climate change and promotes the circular economy. Our recycling efforts help to protect natural resources and prevent more than 2.5 million tonnes of CO2 emissions annually.

Renewi leverages innovation and the latest technology to turn waste into circular materials such as paper, metals, plastics, glass, wood, building materials, compost, and water. We employ over 6,000 people across 154 operational sites in five countries in Europe. Renewi is recognized as a leading waste-to-product company in the Benelux region and a European leader in advanced recycling.

**About Freepoint Eco-Systems**

Freepoint Eco-Systems International Ltd., an affiliate of Freepoint Commodities LLC, provides eco-friendly products and solutions to its customers. Freepoint Eco-Systems and its related companies are engaged in business operations in the U.S., Europe, and Asia. More information can be found at www.FreepointEcoSystems.com 

**Media contacts**

Renewi
Thibault Bricteux
Press and Communication
E: thibault.bricteux@renewi.com

Freepoint Eco-Systems
Paige Thornton
RF | Binder
+1 212 994 7554
paige.thornton@rfbinder.com 

View original content:https://www.prnewswire.com/news-releases/renewi-and-freepoint-eco-systems-announce-intention-to-collaborate-on-building-new-waste-plastic-sorting-and-treatment-infrastructure-302198755.html

SOURCE Freepoint Eco-Systems LLC

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Trip.com Group Sincerely Accepts Administrative Penalty Decision Issued by the State Administration for Market Regulation of the People’s Republic of China

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SINGAPORE, July 25, 2026 /PRNewswire/ — Trip.com Group Limited (Nasdaq: TCOM; HKEX: 9961) today announced that it has received the administrative penalty decision issued by the State Administration for Market Regulation of the People’s Republic of China.

Trip.com Group sincerely accepts the decision and will adopt rectification measures in accordance with applicable laws and regulations to implement the decision’s requirements. The Company will strengthen its long-term governance mechanisms and strive to contribute to the sustainable development of the travel industry.

Trip.com Group’s management team will host a conference call at 8:00 AM U.S. Eastern Time on July 27, 2026 (or 8:00 PM Hong Kong Time on July 27, 2026).

The conference call will be available on Webcast live at: http://investors.trip.com.

All participants must pre-register to join this conference call using the participant registration link below:
https://register-conf.media-server.com/register/BIb78e08d8f18340c4882a7e4ab961906b.

Upon registration, each participant will receive details for this conference call, including dial-in numbers and a unique access PIN. To join the conference, please dial the number provided, enter your PIN, and you will join the conference instantly.

For further information, please contact:
Investor Relations
Trip.com Group Limited
Email: iremail@trip.com

View original content:https://www.prnewswire.com/news-releases/tripcom-group-sincerely-accepts-administrative-penalty-decision-issued-by-the-state-administration-for-market-regulation-of-the-peoples-republic-of-china-302834599.html

SOURCE Trip.com Group Limited

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NAVER Partners with Brookfield and NVIDIA to Expand Korea’s National AI Factory Infrastructure Buildout

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SAN FRANCISCO, July 25, 2026 /PRNewswire/ — NAVER, Brookfield and NVIDIA announced an expansion of Korea’s sovereign AI factory infrastructure. New investments will increase the initial NVIDIA DSX™ AI factory deployment from 55 megawatts to 200 megawatts.

Announced during Korea President Jae Myung Lee’s AI Summit visit to San Francisco, the planned 200-megawatt expansion will be built with the NVIDIA DSX platform at NAVER’s GAK Sejong hyperscale data center in Sejong, South Korea. The expanded infrastructure will provide Korea- and U.S.- based AI innovators with access to production-scale AI compute for building next-generation models, agents and AI-powered services.

Under the terms of the agreements, Brookfield will fund up to $9 billion as the exclusive capital partner, NVIDIA will invest $1 billion and NAVER will fund the remaining amount to finance the $10 billion project.

This builds on NAVER’s June announcement to extend its GAK Sejong data center with NVIDIA DSX, with a long-term path to gigawatt-scale sovereign AI infrastructure serving Korea’s enterprises, industries, government organizations and global AI cloud customers. Combining Brookfield’s capital with NVIDIA’s computing platform, the investment supports NAVER’s AI factory deployment.

“NVIDIA’s strategic investment and our infrastructure supply agreement with Brookfield have propelled NAVER’s vision for the AI Factory business into a robust execution phase,” said Haejin Lee, Founder and Chairman of NAVER. “Leveraging the solid partnerships with our global partners, we will drive technological innovation, foster a sovereign AI ecosystem, and spearhead efforts to strengthen South Korea’s AI competitiveness.” 

AI Factory Expansion and Open Model Collaboration to Fuel AI Innovators

NAVER, as an NVIDIA Cloud Partner, provides deep expertise in operating hyperscale infrastructure powered by the full-stack NVIDIA AI platform. The 200-megawatt AI factory, featuring NVIDIA Vera Rubin and Blackwell platforms, will establish a dedicated resource pool for emerging AI companies, providing the compute, software and support needed to develop and deploy competitive AI models and applications at scale.

This expanded infrastructure also builds on NAVER and NVIDIA’s collaboration on open model development for agentic and physical AI. NAVER is advancing its HyperCLOVA X models to be based on NVIDIA Nemotron™ 3 Ultra open models with its proprietary data and training expertise. NAVER is also the first Korean company to join the NVIDIA Nemotron Coalition, contributing to open model development across pretraining, post-training and reinforcement learning.

NAVER plans to launch an AI agent platform in Korea in the second half of the year, powered by NVIDIA Agent Toolkit software including NVIDIA NemoClaw™ blueprints. NAVER is also developing a Seoul World Model using proprietary urban street-view and spatial modeling data, built on NVIDIA Cosmos™ world foundation models.

About NAVER

Founded in 1999, NAVER is Korea’s largest Internet company and one of the world’s top tech companies. Leading cutting-edge technologies, NAVER operates the No.1 search engine in Korea and holds various business portfolios encompassing commerce, fintech, cloud, AI and robotics.

NAVER recorded sales of KRW 12.04 trillion (USD 8.18 billion) in 2025. TEAM NAVER continues to enhance its business portfolio and expand its global presence across Japan, North America, and Europe, while pursuing innovation through continuous research and development in future technologies.

View original content:https://www.prnewswire.com/news-releases/naver-partners-with-brookfield-and-nvidia-to-expand-koreas-national-ai-factory-infrastructure-buildout-302834577.html

SOURCE NAVER

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Beijing Review: Walking Through Time: China and U.S. Youths Explore Dali’s Past and Future

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BEIJING, July 24, 2026 /PRNewswire/ — On July 17, a China-U.S. youth delegation came to Dali of Yunnan Province. By examining how Dali’s rich history intersects with modern development, the delegates explored new pathways for rural development.

They visited Dali Old Town, tried their hand at making the Bai people’s Three-Course Tea and also explored the ancient town of Xizhou, where they learned how modern tourism and indigenous life coexist.

In Yunnanyi Village, they explored its history as a stop along the Tea Horse Road and learned about the role it played during the Second World War (WWII).

Tyler James Smith

“I think it’s a very underappreciated part of World War II history. Hearing these stories of different countries working together despite cultural differences is incredibly inspiring.

I also think there are many stories like these that haven’t been widely told, simply because World War II is such a complex period in history. That’s why I think it’s so meaningful to visit museums like this and experience these stories firsthand.”

At Xiangyun Economic and Technological Development Zone, they visited a local new energy company to see how green, low-carbon development is driving regional growth.

Valerie Marie

“I recently started studying energy transitions. I know China has been really big in the renewable energy sector. So actually getting to hear more about [China’s] 2060 [pledge], learning more about carbon neutrality [goals], as well as other zero-carbon goals, was cool.”

During their stay in Dali, they also strolled along the Erhai Lake Ecological Corridor.

Bai Yiwen

“I’d describe this journey as “to be continued,” because my own connection with Yunnan is far from over. For the U.S. delegates, this was only their first visit, so they’ve only had a glimpse of what Yunnan has to offer. I hope they will have more opportunities to come back to China, explore other cities in Yunnan, and discover even more of its people, culture and traditions.”

After Dali, the delegates will visit Beijing for more tours and exchanges. The event was co-hosted by China International Communications Group (CICG) Center for the Americas and the U.S.-based International Student Conferences.

https://x.com/beijingreview/status/2080104404552663067?s=46&t=yfVMVdMyE2zKAFrYaLoV-g

https://www.facebook.com/share/v/1EtGCCKzy4/?mibextid=wwXIfr

https://www.tiktok.com/@cachinachic/video/7665536913532587294?is_from_webapp=1&sender_device=pc&web_id=7227134149436605995

https://youtu.be/jGONWTqwduc?is=KfL-Zn3HyVYE-KEm

Contact: Jiaweibellapeng@163.com

View original content:https://www.prnewswire.com/news-releases/beijing-review-walking-through-time-china-and-us-youths-explore-dalis-past-and-future-302834587.html

SOURCE Beijing Review

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