Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
Weight-Loss Drug Ads Take Over the Super Bowl as Pharma Embraces Direct-to-Consumer Marketing 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
Global PC Makers Eye Chinese Memory Chip Suppliers Amid Ongoing Supply Crunch 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Instagram Outage Disrupts Thousands of U.S. Users 
Trump Endorses Japan’s Sanae Takaichi Ahead of Crucial Election Amid Market and China Tensions 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
Prudential Financial Reports Higher Q4 Profit on Strong Underwriting and Investment Gains 
Hims & Hers Halts Compounded Semaglutide Pill After FDA Warning 
Ford and Geely Explore Strategic Manufacturing Partnership in Europe 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
The LEGO Group, a Danish plastic construction toys maker and Novo Nordisk pharmaceutical company, have agreed to buy green methanol for their production to use renewable energy. The companies partnered with European Energy for the supply of the low-carbon alternative ingredient for making plastic.
LEGO will be replacing fossil-based materials in its plastic production to help reduce carbon in the environment. On the other hand, Novo Nordisk will use green methanol as a replacement for fossil-based plastic being added to its insulin pens and medical devices.
The toymaker confirmed on Thursday last week that it has agreed to purchase e-methanol as an alternative to its traditional plastic ingredients. This will be used in its plastic building brick toys once European Energy starts the production of the e-methanol in its new factory in 2024, as per Reuters.
The renewable energy firm is privately owned and develops and builds energy solutions for climate change, such as wind and solar parks. It is currently setting up its plant in Aabenraa, Denmark. Starting next year, European Energy will produce 32,000 tonnes of e-methanol annually.
“We are proud to join forces with European Energy and Novo Nordisk to accelerate research and progress in the development of lower-carbon plastics,” LEGO Group’s vice president of materials, Nelleke van der Puil, said in a press release. “As part of our commitment to building a sustainable future for children, we have committed to making our products from more sustainable materials.”
European Energy’s chief executive officer, Knud Erik Andersen, also said regarding the new collaboration, “The use of plastic is an integrated part of the modern world, not only in our daily lives but also in industrial processes and equipment. Novo Nordisk and the LEGO Group are already leading the way into the future in various ways, and now even more by joining this cooperation.”
Photo by: Xavi Cabrera/Unsplash
