INTELLIGENT BRANDS // Green Technology
Bee ’ ah and Polygreen ’ s joint venture Evogreen achieves BSI 8001 Certification for circular economy
Evogreen , a pioneering joint venture between Bee ’ ah and Polygreen , is a circular solutions provider and it has become the first hazardous waste treatment and marine pollution management company in the region to achieve the renowned BS 8001:2017 standard for the circular economy . This momentous occasion highlights the company ’ s leadership in sustainable practices and dedication to environmental stewardship .
The BS 8001:2017 standard is a rigorous framework designed to promote resource efficiency , waste reduction , and sustainable business models .
Evogreen , a strategic partnership between BEEAH and Polygreen , provides integrated circular solutions across industries , managing state-of-the-art facilities that meet global standards .
As the first company in the region to receive BS8001:2017 Certification for circular economy , Evogreen is uniquely positioned with comprehensive onshore and offshore solutions , including port reception and Oil Spill , Emergency Response Services . Evogreen also operates an advanced
Unlike other sectors where companies can pass on rising costs to end customers , the renewable sector tends to have electricity prices agreed years into the future , says Jakob Westh Christensen , Market Analyst at eToro .
Positive signs are starting to emerge . The sector is set to benefit from lower interest rates , structural demand , and improved profitability .
Structural tailwinds indicate continued staunch support for renewable energy . The
By achieving this certification , Evogreen reinforces its commitment to lead the of circular economy principles across the region . This milestone not only adds another chapter for the organisation but also sets a benchmark for other companies to follow .
“ We are incredibly proud to be the first in the region to obtain the BS 8001:2017 certification ,” said Imran Gill , CEO of Evogreen . “ Since our inception as circular solutions provider , we have been ensuring circular economy practices , and this achievement recognizes the hard work of our team . We hope that our success will inspire other businesses to embrace circular economy practices while also contributing to a more sustainable future .” laboratory for waste analysis , continually innovating in environmental solutions .
eToro advises on investment challenges in renewable energy
International Energy Agency expects global investment in renewable energy to reach 2 trillion dollars this year , a 65 % increase since 2020 and almost double that of fossil fuels .
Specialising in hazardous waste treatment and marine pollution management , the company focuses offshore and onshore industrial sectors . It plays a pivotal role in reducing the environmental impact of waste in these sectors , addressing regional challenges by transforming waste into usable materials , conserving natural resources , and reducing pollution .
Undoubtedly , the past years have presented challenges for renewable energy investors . The iShares Global Clean Energy ETF , which includes around 100 renewable energy stocks , is down 35 % since the start of 2023 . The sector has also suffered from a temporary storm of dramatic interest rate hikes by central banks making the capital-intensive green projects relatively less attractive .
To achieve net-zero carbon emissions by 2050 , renewable energy investments will need to more than double to 4.3 trillion dollars annually by 2030 .
Sector profitability is improving , with production and material inflation fading and governments stepping up to support the green transition . p
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