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THE EUROPEAN Bank for Reconstruction & Development (EBRD) has praised a planned Euro EUR3.1 million loan to a Ukraine beef producer for setting up a biogas plant as good practice promoting meat sector energy efficiency.

A report on the deal from the London-based development bank has stressed how Ukraine is “famous for the profligacy of its electricity and gas consumption and poor energy efficiency,” noting how it “relies heavily on imported fuel and its own energy-generating capacities are ageing and highly polluting.”…

THE DEMAND for lithium from large batteries designed to store and redistribute electricity from the grid could surge if a British pilot project proves a success. It involves building Europe’s largest lithium battery, at southern England’s Leighton Buzzard at a cost of British Pounds GBP13.2 million (USD20.4 million).…

SPORTS medicine has traditionally been the domain of doctors and physiotherapists. But it is not any more, experts say. Two major sporting events in Britain – the Olympics 2012 and the upcoming 2014 Commonwealth Games in Glasgow have inspired nurses to consider working in sports.…

THE INSURANCE risks involved in oil and gas exploration and production (E&P) are rising in line with growing industry complexity and the move into deeper, remoter and more environmentally sensitive environments.

This is placing ever greater demands on the need to identify, quantify and insure against risk, particularly when the financial and reputational repercussions of getting it wrong are escalating too.…

Leading European offshore wind companies are examining how reducing the steel in turbine foundations could help to reduce by 40% the cost of power from this renewable energy source.

Denmark’s DONG Energy revealed late last week that it has been the lead industry partner since August 1 for PISA (Pile Soil Analysis), an 18-month offshore wind cost-reduction R&D project involving an academic consortium of three leading European universities.…

OFFICIALS at Britain’s tax and customs agency HMRC admitted this week that one of the latest additions to their online gallery of ‘Most Wanted’ tax evaders slipped the net after being convicted on May 3 of Value Added Tax (VAT) fraud.…

When Australia’s recently deposed Prime Minister Julia Gillard decided to announce that there was to be a challenge in the ruling Labor Party on her leadership, she did it in a one-to-one interview with Sky News Australia – and not with ABC 24 News, Australia’s publicly-funded, round-the-clock news channel.…

ISLAMIC banks are big business in the Middle East and Southeast Asia, but not thus far in sub-Saharan Africa. The World Bank’s International Finance Corporation (IFC), however, recently took a USD5 million, 15% equity stake in Kenya’s Gulf African Bank (GAB) to support corporate finance and lending to small and medium businesses – its first in the sub-Saharan Islamic bank sector.…

WHEN a senior company figure blunders in communicating through the media, the corporate and career costs can be high, but getting it right can drive sales and profits.

Examples in the debit column are rife. Gene Morphis, the CFO of Nasdaq-listed US womenswear chain Francesca’s Holding Corp was fired in May 2102 after his ‘Tweet’ message on social media site Twitter inadvertently disclosed share price-sensitive information from a board meeting in contravention of rules applied by the US Securities & Exchange Commission (SEC).…

Although it has been the subject of intense speculation over recent years, Radio Frequency Identification (RFID) tagging has fulfilled many of the predictions made by industry forecasters more than 10 years ago, when pilots of wide scale deployment by giant department store retailers began.…