Day: October 31, 2022

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Petroleum min.: COP27 to designate day for reducing carbon emissions

Petroleum and Mineral Resources Minister Tarek el Molla said on Monday the UN climate conference, COP27, will designate a day for reducing carbon emissions, noting that the event will be an opportunity for oil and gas companies to showcase their vision on how to develop new resources with lower emissions.

 

Delivering a speech during the Abu Dhabi International Petroleum Exhibition and Conference (ADIPEC 2022), Molla pointed out that Egypt cooperates with global partners to reduce carbon emissions of gas and oil projects.

 

The minister reviewed Egypt’s strategy to secure energy supplies, clarifying that Egypt works on using all energy sources, traditional or renewable.

 

He also pointed to the cooperation with the member states of the East Mediterranean Gas Forum to maximize the efficient use of gas resources.

 

 

 

Source: State Information Service Egypt

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Sisi inaugurate control center of national emergency network

President Abdel Fattah El Sisi arrived Monday in Mokkatam district of Cairo to inaugurate a control center of the Unified National Network for Emergency and Public Safety.

Sisi was received by Prime Minister Moustafa Madbouli and a number of ministers.

The unified national emergency network is a historic achievement and a big leap in Egypt’s dealing with and quickly responding to crises and emergencies through a unified system that comprises all vital facilities, ministries, bodies and governorates.

The network supports the state’s efforts to ensure various safety measures through the use of the latest technologies, which will later be generalized across the country.

 

Source: State Information Service Egypt

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Agriculture minister announces release of 183,000 tons of fodder

Minister of Agriculture and Land Reclamation El Sayyed El Quseir announced that 183,000 tons of fodder including maize and soya beans worth around dlrs 94 million have been released over the period from October 23 to October 27 after coordination with the Central Bank of Egypt (CBE).

A statement released by the Agriculture Ministry on Monday said that the move comes in implementation of directives of the political leadership and following Prime Minister Moustafa Madbouli’s orders to support the poultry industry.

Quseir said the released fodder comprised 122,000 tons of maize worth dlrs 44.9 million and 61,000 tons of soya beans worth dlrs 42.8 million, plus other supplements worth about dlrs 8 million.

He noted that such release of maize and soya beans amounts aimed at securing basic protein meal components for poultry and other farm animals.

The minister urged importers, whose consignments have been released, to provide the necessary amounts to breeders with affordable prices, noting that he is following up with the CBE and the Egyptian Poultry Association to guarantee periodical release of fodder from the Egyptian harbors.

 

 

 

Source: State Information Service Egypt

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Business sector ministry keen to encourage avenues of investment

Minister of Public Business Sector Mahmoud Esmat said his ministry is keen to encourage investors in all domains in order to support and develop the industrial sector.

 

The ministry’s policy is also meant to strengthen several industries locally and transfer advanced technologies to reduce imports and increase exports, he added.

 

During a meeting Monday with a delegation of the Qatari Businessmen Association, led by Sheikh Faisal bin Qassim Al Thani, Esmat said this aims as well to tap new markets for Egyptian products.

 

The minister stressed keenness to maintain direct channels of communication with investors and businessmen communities to support the state’s efforts to achieve comprehensive economic development.

 

For their part, the Qatari delegation members affirmed desire to promote cooperation with Egypt to achieve the best interest of the two countries. 

 

 

 

Source: State Information Service Egypt

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El Saeed witnessed “She Trades Egypt” project closing ceremony

Planning and Economic Development Minister Hala el Saeed said on Monday that the “She Trades Egypt” project came as part of the state’s efforts to empower women at the political, economic and social levels.

 

The project was implemented with support and financing from the International Islamic Trade Finance Corporation (ITFC) and the Islamic Development Bank through the Aid for Trade Program for Arab Countries (AfTIAS).

 

Speaking at the closing ceremony of the project, Saeed said that the venture that was launched in 2020 embodies an exceptional model for distinguished partnerships under the umbrella of the AfTIAS program.

 

Egypt values the distinguished development partnership with the International Islamic Trade Finance Corporation (ITFC), which resulted in a cooperation portfolio amounting to about $16 billion from 2008 to September 2022, the minister added.

 

She pointed out that Egypt is keen to continue and intensify cooperation with ITFC in the coming period.

 

Under the project, 35 women-owned small and medium-sized businesses were equipped with the required skills to design and market products, and comply with quality standards and packaging techniques, Saaed noted.

 

Source: State Information Service Egypt

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Trade minister probes with British envoy economic cooperation

Minister of Trade and Industry Ahmed Samir discussed on Monday with British Ambassador in Cairo Gareth Bayley means to cement economic cooperation between the two countries in the coming stage.

 

In a statement released by the Ministry of Trade and Industry, the minister expressed Egypt’s keenness on promoting the strategic partnership to maintain economic, trade and investment cooperation between Egypt and Britain, hailing the distinguished ties binding the two countries.

 

He said the two sides signed in 2020 the Egyptian-British partnership agreement which went into effect in 2021 a matter that reflected the importance of cooperation between the two sides.

 

The minister said his talks with the British envoy dealt with means to lure British investments into Egypt’s markets in light of the incentives provided by the government to investors.

 

Minister Samir pointed out that the volume of trade exchange between the two countries reached in 2021 about dlrs 2.917 billion against dlrs 2.163 billion in the previous year.

 

For his part, the British Ambassador expressed his country’s keenness on boosting economic and investment partnerships between the two countries in light of the desire of British companies to invest in Egypt.

 

 

Source: State Information Service Egypt

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Conagen’s fermentation platform expands on promising novel forms of vitamin K2

Bedford, Mass., Oct. 31, 2022 (GLOBE NEWSWIRE) — Biotech innovator, Conagen announced the development of its fermentation-derived vitamin K2 – a high-purity all-trans menaquinone-7 (MK-7).  This is the first molecule from a proprietary platform for producing novel, pure, long-chain menaquinone forms of the vitamin. The platform enables low-cost manufacturing and yields high-quality products, making it attractive to health brands.

“Conagen’s MK-7 technology produces a clean profile of the vitamin without other similar molecules, such as ubiquinone,” said Casey Lippmeier, Ph.D., senior vice president of innovation at Conagen. “Our process allows us to make pure forms of any long-chain menaquinone, be it 6, 7, 8, 9, and these can be consumed in various combinations with other vitamins or with each other to make the most effective supplement possible. As the clinical evidence evolves, so can the supplement.”

Vitamin K2 helps to regulate calcium mobility in bones and restricts calcium buildup in blood vessels, leading to stroke and heart disease. MK-7 is the more bioavailable form of K2 on the market; the other major form is MK-4, which both have taken a strong position in the markets for bone and cardiovascular health.

The biological activity of MK-7 is strictly linked to its all-trans configuration, which is naturally found in fermented superfoods such as natto. Cis-analogues are considered biologically inactive. Synthetic versions of MK-7 contain some amount of the cis-isomer form. Low-quality sources containing cis forms affect the efficacy of the vitamin.

Other long-chain forms of vitamin K2, such as MK-8 and MK-9, exist naturally in cheeses. Research on the health benefits of these other K2 forms has only begun to emerge.

Personalized nutrition is popular with consumers looking for technological breakthroughs in functional foods and nutrition. Conagen’s cost-effective fermentation-derived MK-7 provides new opportunities for brands to develop products to meet the demand of the growing aging population.

“We’re demonstrating our capabilities with innovative technologies that expand market choices in nutrition,” said Lippmeier. “Our fermentation and bioconversion platforms have also produced the clean nutrient ergothioneine and the antioxidant taxifolin, further demonstrating the versatility of our platform technologies.”

Conagen’s research into the MK-7 production process was done in part as a 3-year collaboration with the lab of Prof. Anthony Sinskey at the Massachusetts Institute of Technology.

Health brands interested in non-GMO, vegan vitamin K2 MK-4 and MK-7 and special ingredients, such as ErgoActive® L-Ergothioneine® and Taxifolin BC DHQ® for nutrition and food and beverage preservation, respectively, can contact Blue California, a pipeline partner of Conagen. To inquire more about Conagen’s products or partnerships, please visit www.conagen.com.

About Conagen

Conagen is a product-focused, synthetic biology R&D company with large-scale manufacturing service capabilities. Our scientists and engineers use the latest synthetic biology tools to develop high-quality, sustainable, nature-based products by precision fermentation and enzymatic bioconversion. We focus on the bioproduction of high-value ingredients for food, nutrition, flavors and fragrances, pharmaceutical, and renewable materials industries.

Attachments

Ana Arakelian, Head of Public Relations and Communications
Conagen
+1.949.750.6812
[email protected]

GlobeNewswire Distribution ID 8685378

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Multi-stakeholders from 6 Continents Co-initiate the Global Youth Climate Week

BEIJING, Oct. 31, 2022 /PRNewswire/ — Over 100 institutions, organizations and networks from 6 continents jointly launch the Global Youth Climate Week today.

Scheduled one week ahead of each UN Climate Change Conference, the Global Youth Climate Week (the Week) aims to contribute a mechanism for global climate governance by convening the climate actions of youth worldwide, to help them voice out their climate dedication together and to prepare them to take the lead in building a net-zero future shared by all.

The Week, which is proposed by Global Alliance of Universities on Climate (GAUC) to UNFCCC back in January 2022, was praised by the then UNFCCC Executive Secretary Ms. Patricia Espinosa as “an impactful contribution to the UNFCCC process.” It has since gained support from leading international organizations such as UNESCO, Bloomberg, and the Rockefeller Foundation.

In order to maximize the effect of the Week and to engage broader society, GAUC called out for co-initiators this September and has since received active responses from partners worldwide.

Within a month, over 100 co-initiators from 6 continents are on board to back the climate actions of youth, covering a large variety of backgrounds, including academic institutions & think tanks, renowned brands from private sector, media agencies, charities, international & regional organizations, NGOs, and civil society.

“The geological and industrial diversity of the co-initiators reflects the commitment from multi-stakeholders to conquering the climate challenge.” said YANG Bin, the Chair of GAUC’s Executive Committee and the Vice President of Tsinghua, one of the founding universities of GAUC. “That commitment is what the world needs in this critical time.”

Lasting 5 days until November 4th, the inaugural Week features diversified events organized by its co-initiators to offer different perspective for the youth to approach the challenge as well as the Global Youth Summit on Net-Zero Future, a youth-led events organized by the GAUC Global Youth Ambassadors to present their interdisciplinary approach to the challenge.

Photo – https://mma.prnewswire.com/media/1932222/image.jpg