(hydrocarbonprocessing) -- Qatar's sovereign wealth fund, continuing its recent splurge on overseas assets, is eyeing stakes in Anglo-Dutch energy group Royal Dutch Shell and Italy's Eni. Qatar is in "very advanced talks" to buy 3-5% of Shell, a major investor in Qatar, and a 3% stake in Italian oil giant Eni.
Qatar's sovereign wealth fund, continuing its recent splurge on overseas assets, is eyeing stakes in Anglo-Dutch energy group Royal Dutch Shell and Italy's Eni, the Middle East Economic Survey reported Friday.
A spokeswoman for Shell confirmed Qatar was a shareholder but didn't say when the Gulf state acquired the stake or how large it was.
"We are delighted to welcome the Qatar Investment Authority as a long-term and major shareholder in Shell, and particularly given our excellent strategic relationship with the Qatari state," the spokeswoman said in an emailed statement.
Qatar is in "very advanced talks" to buy 3-5% of Shell, a major investor in Qatar, and is also negotiating taking a 3% stake in Italian oil giant Eni.
MRC
(polyestertime) -- A group of European companies and researchers from five different countries have joined together to develop a new material to tackle food waste.
Called ISA-Pack, the EUR 3.9 million (USD 5 million) project is funded by the European Commission (EC) Seventh Framework Program (FP7). European companies and research organizations will collaborate during a three-year period to develop fully sustainable packaging for fresh foods to extend shelf life, improve quality, and reduce
waste.
UK-based Biopac, a sustainable packaging design and development company, is participating in ISA-Pack. John Bright, managing director at Biopac through extension of shelf life, the ISA-Pack project seeks to reduce retailer supply chain wastage of fresh food produce, which includes meat, fish, fruit and vegetables, by about 75%.
MRC