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Thermal Energy International Inc V.TMG

Alternate Symbol(s):  TMGEF

Thermal Energy International Inc. provides energy efficiency and emissions reduction solutions to the fortune 500 and other multinational companies. It operates primarily in North America and Europe but also sells its products and services through representative agents throughout the rest of the world. It markets, sells, engineers, fabricates, constructs, installs and supports two technology lines, such as heat recovery solutions, including direct contact heat recovery solutions (FLU-ACE), indirect contact heat recovery solutions (HEATSPONGE and SIDEKICK), and condensate return system solutions (GEMTM steam traps). It is also developing several other technology lines, including low temperature biomass drying systems (DRY-REX). Its solutions can recover up to 80% of energy lost in typical boiler plant and steam system operations. It has two primary operational bases of operation, one in Ottawa, Canada and the other in Bristol, United Kingdom, covering Europe and the rest of the world.


TSXV:TMG - Post by User

Post by ARIMA11on Oct 25, 2023 10:49am
107 Views
Post# 35700035

Interesting

Interestinghttps://www.wsj.com/articles/pro-take-making-medicines-greener-966d720c?mod=djemlogistics_h

Making and supplying medicines generates roughly a third of the global healthcare industry’s greenhouse-gas emissions. But Western companies say it isn’t easy to bring down that number without changing the way these drugs are produced and regulated. 
 
Pharmaceutical companies that have committed to lowering their carbon footprint in the coming years say the main challenges arise from emissions that occur in their supply chains and as a result of how patients use some of their products. These so-called Scope 3 emissions are often the hardest to reduce because they depend on a large web of external suppliers and energy-intensive chemical processes to make medicines.
 
“Heat is the next main frontier, I would say, in terms of the challenge to decarbonize,” said Claire Lund, GSK’s vice president of sustainability. 
 
GSK is tackling the sources of heat and electricity at its own operations, including phasing out gas boilers used in all of its Indian manufacturing sites.
 
GSK partnered with AstraZeneca, Merck KGaA, Novo Nordisk, Roche Holding, Samsung Biologics and Sanofi to form the SMI Health Systems Task Force in 2021. Last year, the partnership decided to strengthen their collaboration by focusing on cutting emissions in the near term and transitioning faster toward net-zero health systems.
 
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