Largest investment in the European chemical industry in 20 years
INEOS, one of the largest chemical concerns in the world, has chosen the port of Antwerp as the location for a megainvestment of 3 billion euros representing 400 new jobs.
The capital outlay is the largest in the European chemical industry in the past two decades. With the securing of this large-scale investment project Antwerp further reinforces its role as the largest chemical cluster in Europe.
INEOS plans to build a brand-new propane dehydrogenisation (PDH) plant and an ethane cracker unit in Antwerp. These will respectively convert propane into propylene and ethylene as the raw materials for chemical products. These products find their way into many industries including car manufacturing, building construction, clothing, cosmetics and personal grooming products, pharmaceuticals, electronics and packaging materials.
The investment by INEOS confirms and strengthens the competitiveness of Antwerp’s chemical cluster in Europe.
Antwerp as a most attractive location Earlier last year INEOS announced that it planned a large-scale investment for further expansion of its chemical production facilities. Various European locations were considered, but ultimately the British chemical group opted for Antwerp.
INEOS CEO and chairman Jim Ratcliffe: “There are three reasons why we have chosen for Antwerp. We started here in 1998. We know the people here and have nine plants in Belgium and 2,500 employees, and Antwerp is highly competitive regarding connectivity with the European chemical cluster”. Of crucial importance is the fact that INEOS’ products will be destined for the many companies in the Antwerp chemical cluster.
Port of Antwerp: Most competitive chemical cluster in Europe The investment by INEOS confirms and strengthens the competitiveness of Antwerp’s chemical cluster in Europe. Earlier in 2018 also the Austrian chemical concern Borealis announced it would invest 1 billion euros in the port of Antwerp.
Jacques Vandermeiren, CEO of Antwerp Port Authority comments: “It is naturally very good news that INEOS has selected our port for this major new investment. It once more demonstrates that we as the largest integrated chemical cluster in Europe are very attractive to international investors. This mega-investment brings the total amount of new capital expenditure that we have attracted to Antwerp over the past year to more than 5 billion euros. This will undoubtedly help to secure the presence of industry here in Antwerp.”
New plants operational by 2024 The new production plants of INEOS are expected to be operational by 2024. Once the plants are up and running they will provide 400 full-time jobs directly and five times that number indirectly. Some 3,000 people will be employed during the construction phase.
For more information about the investment by INEOS visit: www.ineos.com | www.portofantwerp.com
For more information about Antwerp’s chemical cluster visit: www.businessinantwerp.eu
The endless possibilities of the integration of AI with IoT:
The era of Internet of Things is already in its third phase. At the beginning, the goal was for objects to be connected to the network. The second, that they could communicate with each other and interact. And finally, that they were smart. That is, they could be aware of what is happening around them, extract data, analyze it, and make decisions based on it.
The Industrial Development Bureau (IDB) presented new solutions aimed to integrate Artificial intelligence in IoT (Internet of Things) and 5G technology at the Mobile World Congress 2019. IDB selected 13 Taiwanese companies with innovative products and solutions to be showcased during the biggest IT conference in the world, which took place in Barcelona.
Taiwanese companies and the 4th industrial revolution
The integration of artificial intelligence in IoT will require more powerful connections, hence the importance of new advanced servers that will allow 5G networks to show their full potential. From there, each industry should evaluate their own production processes, determining which parts must be digitized. The industrial processes in assembly lines, the interconnection between different factories, either of suppliers or manufacturers, as well as the management of the finished product, can be managed through AIoT in a more efficient and productive way. AI is appearing throughout the three layers of the IoT architecture, from device connectivity, platform analytics and application services.
The IoT industry chain in Taiwan has great advantages in hardware, as well as the flexible and quick responses to product development. Keeping in mind the importance of integration of platforms and systems, Taiwan's industry continues to strengthen its competence in the integration of devices, networking and systems for AI, NB-IoT and edge computing in order to seize the business opportunities different vertical markets, and to facilitate Taiwan's smart city development.
Taiwan offers world-class talent and has become a hotbed of AI research in recent times. Along with the world’s top hardware manufacturing capacity, the country attracts global tech giants such as Microsoft and Amazon Web Services (AWS) to set up AI R&D and innovation centers in Taiwan. Amazon Web Services(AWS), an Amazon subsidiary previously announced plans to open a joint innovation center with the New Taipei City Government in January 2018. The joint venture focuses on AI, big data, cloud computing and Internet of Things (IoT), as well as giving technical assistance to Taiwanese cloud computing startups. Microsoft set up an IoT research and development center in Taipei City in 2016 and established an AI research and development hub in Taipei City in January 2018. Microsoft is currently in the process of recruiting 200 technology specialists for its new AI hub. Taiwan has become Microsoft's biggest R&D center in Asia.
The partnerships are set to create a comprehensive ecosystem of startup innovation, which will help pioneer the shift from traditional industries into digital markets in Taiwan. According to Gartner, global information technology spending will reach $3.7 trillion US dollars in 2018, up 4.5 percent from 2017 and Internet of Things, big data, Artificial Intelligence, and blockchain will be the main force driving tech growth.
AIoT Taiwan: www.aiottaiwan.com
The EMEA data center colocation market is estimated to attract investments worth around $10 billion by 2023, growing at a CAGR of approximately 8% during 2017-2023.
The electrical infrastructure segment dominated the largest market share in 2017, growing at a CAGR of more than 7% during the forecast period. The increasing focus on procurement and adoption of efficient, require less maintenance, and reduce space systems are propelling the growth of this segment in the European market. The implementation of stringent regulations about privacy and security of data processed by facilities and consumers is driving the evolution of the European data center colocation market. In April 2016, the European Union adopted the General Data Protection Regulation (GDPR), which came into effect from May 2018. The implementation of GDPR is boosting the investments and demand for colocation services across several countries in the Europe market. The rapid deployment of innovative facilities namely, modular, containerized, and POD facilities will boost revenues in the European data center colocation market.
POD facilities are a single rack of facilities systems, with power and cooling integrated to provide higher performance for data processing applications at the edge locations in the market. The exponential proliferation of internet across the Eastern European and Africa region will positively impact the European data center colocation market. The growing popularity of district heating concept across the region will transform the European data center colocation market during the forecast period. The facilities are the major consumers of power and water in the market. The process of converting the disadvantage of operating a facility in a locality to its advantage by supplying waste heat emitted by servers to cool district homes during winters is district heating.
The wholesale colocation services are the fastest growing segment in the market, at a CAGR of more than 13% during the forecast period. In 2017, various large enterprise businesses and global cloud providers were the largest users of wholesale services in the European market. The leading service providers are offering customized wholesale colocation solutions, where the pre-leased customer can work with the service provider to design and develop the facility according to the customer's IT infrastructure operational requirement. Personalization of services will boost the demand for these services in the data center colocation market in Europe.
Western Europe dominated the majority of the market share in 2017, growing at a CAGR of around 6% during the forecast period. The UK, Germany, France, Ireland, Spain, Italy, the Netherlands, Switzerland, Portugal, and Austria are the largest revenues generators in the Western European region in the EMEA market. The Nordic region occupied the second largest market share in 2017, growing at a CAGR of approximately 12% during the forecast period. The deployment of hyperscale facilities, spanning over 200,000 square feet, and rack power density of up to 40kW is propelling the growth of the Nordic region in the European market.
The EMEA data center colocation market is witnessing the expansion and construction of new facilities across the region due to the implementation of GDPR. The leading facilities operators are deploying facilities with over one million net rentable white space to service retail and wholesale facilities customers.
Some of the other prominent providers of datacenter service in the European market include T-Systems, Kepple DC, Colt DCS, TeliaSonera, Iliad Datacenter, Telefónica, Euclyde, and Interoute. The growing demand for cloud services will create new avenues for service providers operating in the market. Vendors such as Equinix has developed an estimated net rentable area of around 500,000 square feet across 14 facilities that were opened and under construction in 2017 to attract a maximum number of consumers in the market. The entrant of pure-play colocation providers will increase the level of competition in the EMEA data center colocation market during the forecast period.
Other prominent vendors in the EMEA data center colocation market consist of:
3 data, Aruba S.P.A., Atman (ATM S.A.), Basefarm (Orange Group), Bezeq International, CenturyLink (Level 3), Cyxtera Technologies, dcstar, Digiplex, Euclyde, Flexential, Fortlax, Global Connect, Green Datacenter AG, Hydro66, Iliad Data Center, Internap, Interoute (GTT Communications), IXcellerate, Keppel DC, LDeX Group, Liquid Telecommunication,LuxConnect, Mobily, Ooredoo, ST Telemedia Global Data Center (STT GDC), Switch SUPERNAP, Telehouse, Telefónica, Teraco Data Environments, Tieto, TSystems (Deutsche Telekom), Turkcell, Verne Global, VNET, and Zayo Group Holdings.
At the Geneva International Motor Show (GIMS) 2019 PAL-V unveiled the distinctive features of the PAL-V Liberty Pioneer, world's first production model flying car. The 90-piece limited edition is based on the PAL-V Liberty which was unveiled last year at the GIMS. It will open the next chapter of mobility.
According to Dingemanse, CEO of PAL-V: "The Pioneer Edition is for those that want to be part of a unique group that writes history with us. They will be at the forefront of a mobility revolution, where we will no longer have cars that can only drive.They will be the first carflyers in their country, FlyDriving to any destination. Last year we already announced that we were going to start with a limited edition of the PAL-V Liberty. This year we show the special elements of this limited edition of which delivery starts in 2020," says Dingemanse.
Amongst other features, the PAL-V Liberty Pioneer Edition is equipped with a dual control cockpit and the Electronic Flight Instrument System. The full carbon package clearly distinguishes the Pioneer from the standard Liberty as well as a tailor-made interior and exclusive characteristic two tone colour scheme.
Developing a flying car takes a long time and a lot of persistence. It's a revolutionary development, especially as PAL-V developed a commercial vehicle that complies with existing regulations, very different from an interesting technical concept.
With the launch of the PAL-V Liberty Pioneer, PAL-V will open the next chapter of personal mobility. The Pioneer edition gives 90 people in the world the possibility to go above and beyond.
Mongolia, once a place whose very name conjured up images of isolation and deprivation has become one of the hottest new frontier market destinations for international and luxury brands in recent years, particularly those catering to higher income clients.
Over the past 28 years, Mongolia has been successfully transforming into a vibrant democracy from a centrally planned socialist economy, resulting higher level of GDP with vast agricultural and mineral resources. During its transition to a market economy, Mongolian GDP had bottomed out particularly in 1993, experiencing a painful “transformational recession” until 2000. The new economy began to recover slowly to positive rates of growth thereafter by 2001- 2010. GDP per capita doubled between 2005 and 2012.
This economic boom has made many Mongolians millionaires overnight and affluent locals have begun seeking new ways to enjoy and show off their wealth.
However, the economy was particularly slowed down by a fall in commodity prices and declining investment and private consumption during 2014 - 2016.
After this downturn, the Mongolian economy strongly recovered in 2017 and 2018H1. GDP growth rate increased from 1.2 percent in 2016 to 5.3 percent in 2017 and 6.3 percent in the first half of 2018, thanks to growing investment in the mining sector and higher coal prices and exports.
The changes of GDP growth in these years indicate that the country’s economy is strongly dependent on mineral commodities. Boosted by an incredible amount of minerals with an estimated value of 1.5 - 2 trillion USD with a relatively small population, the economy has became one of the hottest new frontier markets for international investors in various fields.
Mongolia’s rampant economic growth has had a significant effect on the purchasing power of households. Working and professional class wages have risen rapidly, lagging just slightly behind the overall economy once inflation is taken into account. The retail sector that has benefitted from the recent boom has become the hidden hero of Mongolia’s real estate market. Both local retailers and the handful of international brands rapidly started expanding and many luxury brands like Versace Collection and Burberry have opened shiny new outlet branches in the center of the capital city. This means that Mongolians have much more disposable income to spend than they did a few years ago. According to the Mongolian National Statistics Office (NSO), monthly average expenditure on all types of consumption per household has significantly increased between 2012 and 2017; on clothing alone it increased by over 500% between 2003 and 2011.
Mongolians are consuming a larger number of higher quality goods than ever before. The retail sector has expanded accordingly, rising from less than 14% of GDP in 2008 to 19% in 2011 even as GDP itself increased by nearly 36% during the same period.
Developers have tended to focus on high-end office and luxury residential complexes over the last few years and have neglected the needs of a growing consumer class. Rental prices in the retail sector have yet to catch up to the growth of sales. The per meter rental price in Ulaanbaatar’s prime retail locations is still significantly below that of comparable locations in other emerging Asia markets.
The size, growing urbanization, and economic development of Mongolia are drawing retailers. With its robust retail track record, relatively low costs and bright macro outlook, Mongolia looks set for unparalleled consumer and retail spending over the next decade. More than 100 international brands have opened up exclusive franchises or wholly owned outlets in Ulaanbaatar to date, the majority in the past eight years.
At the same time, there is still a need for brands targeted at mass market consumers to cater to the growing local appetite for conspicuous consumption, because many Mongolians go abroad for shopping and buying designer goods.
Although traditional retail still exists with Mongolian consumers doing their daily shopping in open markets and through informal channels, shopping habits continue to evolve. Preference for organised retail formats and global brands is growing, creating more opportunities for international players. Apparel and luxury retailers are also expanding. Youthful clothing brands such as Mango, Sisley and Adidas, who entered the market in recent years, are doing great because the Mongolian people are open to giving new brands and new products a try.
Retailers’ interest in any country depends on development of new high quality shopping centers corresponding to world standards. The Shangri-La complex was completed in 2016, giving international retailers an opportunity to set better terms of occupancy in the business district of Ulaanbaatar. The country has numerous large shopping malls in the city, namely Central Tower, Khunnu Mall, Naadam Center, and Naran Mall, among others. Convenience stores and mini-marts have started growing in Mongolia in recent years. Trendy food and beverage destinations targeting young customers (65 percent of the Mongolian population is aged 35 or under) have newly opened in the city, such as Tom N Toms Coffee, Coffee bean, Tous Les Jours, KFC, and Burger King.
Investment opportunities in retail segment across three primary themes:
LEAPFROGGING INTO THE DIGITAL ERA
Rapid expansion of smartphone market with 1.7 million users is recorded. AI based intellectual work of Mongolian youth is growing and the first fintech financial service company LendMN launched its initial IPO at the Mongolian Stock Exchange (MSE).
THE RISING URBAN MIDDLE CLASS
More and more households falling in the middle-income segment. According to the forecast the number of households in this segment to pick up to 34.1% in 2022, up from 12.7% in 2018.
Bank of Mongolia has launched a campaign called “Digital payments in a digital era” in order to promote the widespread adoption of digital currencies and payments. In many ways, the rise of retail in Mongolia appears to mirror the experience of other emerging markets, particularly the so-called “Asian Tiger” economies of the 1990s and 2000s. Mongolia’s demographics, climate, consumption patterns, and unique cultural heritage differentiate it from the rest of the emerging economy pack. Its strong retail track record, low costs and bright macro outlook will propel Mongolia for unparalleled consumer and retail spending over the next decade. Many international partnerships have significantly exceeded their owners’ expectations, as the appetite for luxury and mid range western brands within Ulaanbaatar has proved to be more substantial than companies’ projections thought possible.
Asia Pacific Investment Partners is the oldest, largest, and most reputable Mongolian real estate agent.
We are a real estate intermediary and advisory firm offering agency, representation, property, management, property valuations, interior design, furnishing and financial intermediation services.
Company website: www.apip.com
JLL's City Momentum Index reveals where in the world to find highest levels of socio-economic and commercial real estate dynamism.
Asia Pacific is home to 19 of the top 20 cities, highlighting the continuing shift of fast urban growth from the West to the East, according to the sixth City Momentum Index published by JLL. The absence of European and American cities demonstrates a marked East-West growth divide, reflecting Asia's continued rapid urbanization and economic growth, driven by globalization, innovation and demographic factors. Overall, Indian and Chinese cities dominate the rankings, accounting for three quarters of the top 20. Leading the pack are Indian cities Bengaluru and Hyderabad, followed by Vietnam's Hanoi in third place. The only non Asian city on the list is Nairobi, in sixth place, which is heavily influenced by significant amounts of infrastructure-focused investment from China.
Jeremy Kelly, Director of Global Research at JLL says: "Asia continues to show strong momentum, with cities that are successfully expanding their innovation economy punching above their weight in terms of attracting capital, companies and people. "It's clear that the tech sector is a key driver of both real estate and economic momentum–driven by large technology firms as well as dynamic start-ups in cities like Bengaluru, Hyderabad, Ho Chi Minh City and Shenzhen."
Although the global economic cycle is in its late stages, there are still many cities in the world where real estate and economic growth continue to be robust. But while strong growth brings opportunities for economic and social development, it also brings challenges that cities must address to ensure short-term growth transitions into long-term momentum. Investing in infrastructure and greater transparency is essential to facilitate this transition.
Kelly adds: "These cities need to address the environmental and social impacts of rapid growth such as social inequality, congestion and environmental degradation. The provision of smart, efficient and productive real estate and increased transparency are key factors in driving long-term, sustainable growth."
Investment in transformative real estate drives growth Thoughtful and innovative development–such as regeneration projects with a long-term vision that nurture new businesses and improve lives–is essential, as are largescale infrastructure projects that help combat problems around congestion and improve accessibility, according to Kelly. Manila (ranked 12 in this year's Index), for example, is one of the densest cities in the world, with an expanding population. The government has committed to an extensive infrastructure building program, 'Build Build Build', which includes more than 2,000 projects. These are expected to improve congestion, increase power reliability, reduce the impact of climate change, and redevelop urban areas.
Smart infrastructure and technology create liveable cities Technological innovation in the form of greener and smarter buildings also plays an important role in answering the environmental challenges brought about by rapid growth. The Chinese city of Xi'an, ranked ninth in this year's Index, has installed an innovative 100-metre-tall air purifying tower to reduce smog and improve air quality.
FDI crucial for long-term momentum Sustainable long-term momentum and a maturing economy are often supported by long-term foreign direct investment (FDI) and transparent governance. India's fastest growing cities have been successful over recent years, attracting high levels of FDI, with structural reforms (including the Real Estate Regulation and Development Act), encouraging more real estate investment from foreign buyers. A similar story is playing out in Chinese cities, such as Beijing and Shanghai, which are both on the cusp of joining the ranks of the world's transparent real estate markets. "Transparency is vital in securing the long-term investment that leads to sustainable growth. With strong governance and planning, the private sector can work with city governments to drive change and bring benefits to the real estate market and wider commerciality of a city," concludes Kelly.
Methodology: JLL's City Momentum Index measures momentum for 131 of the world's most commercially active cities by tracking a range of socio-economic and commercial real estate indicators over a three-year period to identify the urban economies and real estate markets undergoing the most rapid expansion. The City Momentum Index presents a weighted overall score for the sub-scores of 20 variables. For each variable the model calculates a score based on the city's performance relative to the distribution of all 131 city regions, scaled from zero to one. The top-scoring city for each variable has a value of one, while the lowest-scoring city receives a value of zero. Variables focus on indicators of socioeconomic momentum and commercial real estate momentum. All real-estate data is sourced to JLL. Non-real estate data is drawn from a wide range of sources that includes Oxford Economics, United Nations, ACI, GaWC and fDI Markets. The Index also sources data from many national statistical offices.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with operations in over 80 countries and a global workforce of 88,000.
For further information, visit www.jll.com
France’s ‘Silicon Valley’
Over the centuries, many Lyonnais have made their mark in the history of science, art and creation: the Lumière brothers (inventors of cinema), André Ampère (for his achievements in Physics), and Claude Bernard & Marcel Mérieux (in the field of medicine).
Lyon has always been a land of innovation and it continues to develop research centres and scientific clusters at the cutting edge of life sciences, green-tech and digital technology.
Because it is a dynamic city that embraces growth and innovation, Lyon rivals a number of major European cities: > Lyon has the 2nd highest number of patents filed in France. > Spending on R&D in the Rhône-Alpes region is comparable to that of Finland, Denmark, Madrid and Barcelona combined. > R&D: 5,6 billion euros is invested in the region annually (12% of the national total).
Moreover, 5 international clusters are located in Lyon:
Among other flagship projects, the Confluence district is one of the most ambitious plans to extend a city centre in Europe! Designed over 150 hectares, the Lyon-Confluence project will double the size of the city centre by 2025, while adhering to the climate plan.
1st smart city in France | 2nd digital cluster in France | 600 public and private laboratories
Both a business and residential district, LyonConfluence has already attracted a number of investors who are seduced by its location between the Saône and Rhône rivers, the multiple transport modes that serve the area and its proximity to the historic centre.
Lyon has also played a pioneering role in other innovations in the region, such as a city bike system to encourage citizens to adopt environmentally-friendly behaviour; Lyon’s Vélo'V, gave rise to the Parisian Vélib'. The soft modes tunnel to Croix-Rousse, which can be taken by pedestrians and cyclists, is another example. Moreover, a 24hr self-service car-sharing system is on the rise in Lyon foreshowing the transport modes of tomorrow’s city.
The Lyon Gerland Biodistrict
With 5,000 jobs in health and biotech, 30 public laboratories and over 2,750 researchers concentrated over one hundred hectares, the Lyon-Gerland Biodistrict was launched in 2014. This district is a hive of innovation that groups together higher education & research establishments, high level infrastructure, key industrial players and a growing number of SMEs specialised in human and animal health. At its head are world renowned companies: Sanofi, Mérial, Genzyme among others.
Lyon French Tech, France’s ‘Silicon Valley’
Lyon has been awarded the ‘Métropole French Tech’ label, thanks to an enterprising digital ecosystem (including some of France’s biggest players), an ambitious development strategy, motivated actors, operational programmes to serve the growth and visibility of start-ups, dedicated workspace and infrastructure to aid the development of these companies. This label is the result of a strong collective effort within this digital ecosystem and by all of its actors and it proves that Lyon creates the right conditions for start-ups to develop and expand internationally through support programmes, infrastructure and networking.
For more info: www.lyonfrenchtech.com
Modular micro-farms provide additional food production to meet global needs, and bring healthy produce to underserved areas.
GP Solutions a leading developer of automated micro-farms, announced its new systems can help meet the food production needs for the future. Earth's population is 7.68 billion, and is expected to grow to over 9 billion within 30 years.
According to a report from the University of Minnesota, "To feed those who are currently hungry - and the additional 2 billion-plus people who will live on the planet by 2050 - our best projections are that crop production will need to increase between 60 and 100 percent."
However, with scarcity of land and resources, this poses immense challenges. "Further expansion of agriculture is a poor solution to meeting future needs because we're using nearly all of the land that's suitable for agriculture already," the report emphasized.
"Relying on increased production will be an important solution, but not a sufficient one." Additionally, food isn't being grown near where it is needed. According to the United Nations, 815 million people in the world are under-nourished.
GrowPod is part of the solution.
GrowPods are modular, scalable, transportable, indoor "micro-farms" that grow high quality, pathogen-free foods using a fraction of resources required for conventional farming.
The system utilizes both hydroponics and soil-based platforms along with proprietary air and water filtration, to create the perfect environment for growing food virtually anywhere, in any season or climate. GrowPods can be installed in just hours, so as demand rises or shifts, it is easy to put additional pods into service.
GP Solutions: GP Solutions designs "GrowPods" – innovative indoor micro farms that provide optimum conditions for plant cultivation with total environmental control.
For more information: www.growpodsolutions.com
Energy 24/7 from non-visible Radiation
In its early stages solar power also developed quite slowly. Although first implemented in 1958 for space travel, the 70s saw the use of solar cells primarily in small-scale applications such as pocket calculators, and almost 20 years passed before an entire household could be supplied with electricity. The triumph of photovoltaic technology set in at the beginning of the 90s, and now solar power derived from the visible spectrum is all-pervasive.
Today the next stage in this evolutionary process is at hand: Neutrinovoltaic!
The Neutrino Energy Group is presently developing innovative high-tech materials on the basis of spiked carbon derivatives that can be used to convert a portion of the non-visible spectrum into electricity. Neutrinovoltaic can be compared to a solar cell that provides power even in total darkness, and it will soon be possible to supplement conventional photovoltaic with this new technology.
"We need to face the challenges of the future," urged Holger Thorsten Schubart, CEO of the Neutrino Energy Group. "Subjects such as energy production and environmental protection are more relevant today than ever before, and they require future-oriented thinking as well as innovative, longterm solutions. We need new technology that can help us to move away from the use of fossil fuel and thus free us from our dependence on the countries that possess these resources." Schubart then went on to point out the necessity of utilizing current scientific findings for the development of new approaches in the field of energy technology.
Schubart also criticized the way in which the general public is kept in the dark about the latest breakthroughs in neutrino research and emphasized their vast potential to solve our present problems. "It is incontrovertible that invisible radiation from space offers us more energy on a daily basis than all of the world's remaining fossil fuel reserves combined. This enormous energy source must be tapped. That has to be the focus of sensible research for the future," demanded Schubart.
Germany in Last Place: Important findings regarding neutrinos are already acknowledged by the United States and many other countries, but they have not yet reached the German scientific community. According to Schubart, Germany presently holds last place globally with respect to applied research. "It is, of course, exciting to know the origin of a single neutrino, or to be able to document neutrino activity in the eternal ice at the South Pole and to capture a particle every now and then, but one should never lose sight of the actual goal of the millions and millions being spent on this research, namely the acquisition of knowledge that can help us to create a better world," said Schubart. Citing the official standpoint of the United States Department of Energy, the CEO of the Neutrino Energy Group said: "Recent scientific findings have now put us in a position to be able to derive energy from invisible, high-energy cosmic and solar radiation using neutrinovoltaic technology."
At the beginning of 2015, the Neutrino Energy Group had already published its theory on the conversion of non-visible cosmic radiation into usable energy, and this was then indirectly corroborated by the research of the Nobel Prize laureates in Physics in 2015 who proved that neutrinos possess mass. Two years later, scientists from the University of Chicago were able to demonstrate that neutrinos are actually able to cause molecules to move, and this finding represents the very foundation of neutrinovoltaic technology.
Collision with extremely dense Matter: Similar to the process by which wind causes the blades of a windmill to spin, neutrinos can set molecules in motion. However, in order to do this, the neutrinos must strike an extremely dense material. As they penetrate this material, they give up a small portion of their kinetic energy. Enormous numbers of neutrinos bombard each point of our planet in an uninterrupted stream: 24 hours a day and thus even in total darkness. It is estimated that approximately 60 billion neutrinos pass through a square centimeter of the earth's surface each second.
Under normal conditions, neutrino activity cannot be perceived, because the materials which are to be found in nature are not dense enough to be affected by them on a regular basis. Some scientists speculate, however, that neutrinos do in fact influence or even cause certain biological processes, even though they presently remain unnoticed. Incontrovertible is the fact that neutrinos make up a massive amount of the energy of our universe. The challenge for future generations is to tap this energy by means of neutrinovoltaic technology.
In cooperation with highly specialized material researchers, the Neutrino Energy Group has succeeded in developing and patenting a material that is dense enough to be affected by neutrinos (Atomic Vibrations at Nano Materials). The cores of neutrinovoltaic cells will be made of precisely this substance.
Vertical and horizontal Impulses: In order to attain the required effect, several extremely thin layers of spiked graphene and silicon are applied to a suitable substrate. When neutrinos pass through these layers, they are not captured, but they do give the graphene vertical impulses, while the silicon particles are caused to move in a horizontal direction. When the layers are of an optimal thinness, these atomic vibrations create a resonance that is carried over to the substrate, and the resulting kinetic energy can be converted into electricity. The larger the area, the more power is produced, and even a simple calculation suffices to demonstrate that enough electricity can be produced to one day render power cables and electrical sockets things of the past.
One of the most promising Approaches: "We are presently in the 21st century: Space travel is a reality; surgeons operate using lasers; and we all have smartphones with touchscreens. But when it comes to energy production, we are, figuratively speaking, still standing in a phone booth that only takes coins and has a rotary dial," said Schubart. Former Austrian Undersecretary Gernot Spanninger called for more courage: "We need to create opportunities for innovation, not block them with an overemphasis on tradition and fear! In this context, the motto is: The necessity for a technological revolution in the field of energy production cannot be asserted clearly enough – or often enough." Spanninger sees the current Global Risk Report as a confirmation of the findings of latest Climate Change Conference in Katowice: "The greatest dangers at this time are climate change and the extreme weather conditions that result from it. Our climate and the wellbeing of future generations cannot tolerate further delay. It is time to put the latest scientific findings into practice! Neutrinovoltaic technology offers undreamed-of possibilities in the field of energy production. It is one of the most promising approaches in the worldwide development of energy technology."
Patent Number WO2016142056A1: Professor Günther Krause, a scientific partner of the Neutrino Energy Group, pointed out that in order to fully utilize the energy of cosmic radiation – neutrino radiation in particular – newer, firmer, harder, and at the same time more elastic composites must be developed, because they play a critical role in converting the kinetic energy arising from the collision of neutrinos with molecules into electricity.
In this context, Krause pointed to a patent submitted under the number WO2016142056A1 and stated that after the completion of extensive laboratory testing, practical solutions need to be developed that will make it possible to use the renewable and virtually unlimited electricity that can be gained from this technology. He also made it clear that these new approaches will require new methods and thought processes. According to Krause, the implementation of this environmentally friendly technology will ultimately lead to a revolution in the field of energy production and also to a stabilization of the global climate.
Professor Krause summarized: "Now that it has committed itself to a departure from nuclear energy and coal, the German government must concentrate on the opportunities presented by neutrino radiation as its main option for supplementing renewable energy resources."
Korea is at the heart of Northeast Asia, one of the world’s top three economic regions.
Here are some of the reasons that make Korea one of the most attractive destinations for international investors.
Strategic Location: As of 2017, the population of the Northeast Asia is 1.6 billion generating about 25% of the global GDP. Within 2,000 km distance from Korea, a global market with 61 cities and 498 million consumers is located. China, Japan and Korea are the important business hub in Asia for the expansion of business. Located between China and Japan, the world’s second and third-largest economies, respectively, Korea is within a 3-hour flight distance from 147 cities with a population of more than 1 million. At Incheon International Airport, 98 airlines operate flights to 196 cities in 54 countries, including direct flights to 41 cities in China and 24 cities in Japan. As the port of Busan, a hub port in Korea, is located at the center of major sea routes, a total of 455 regular routes for container vessels pass through Busan, with 62.5 to China, 79 to Japan, 105 to Southeast Asia, and 111 to North Ameria (*Source: Busan Port Authority). Through its ports in Incheon, Gwangyangman, and Saemanguem, Korea will emerge as the center of logistics for Northeast Asia as its logistics network is connected with that of Japan and the volume of Milk run (a round trip logistics that facilitates distribution or collection) with China increases.
Korea to Eurasia
As Arctic shipping routes open up, Korea is poised to become a logistics hub for the greater Eurasia region. The polar route running from Busan through Vladivostok and on to Rotterdam is expected to reduce the travel distance by 7,000 km, shipping time by more than 10 days, and shipping rates by more than 15%.
Number One in the World
Korea is a global leader in a wide range of industrial sectors. Already, 223 Fortune 500 companies have entered Korea, and are working with local businesses to increase their global market share. Traditionally, Korea is a powerhouse in the manufacturing industry, with exceptional technological ability and production capacity. It maintains the world’s largest market share in high-tech manufacturing for semiconductors, smartphones and displays, and prides itself in being a top 10 nation in terms of manufacturing competitiveness. (Source: Deloitte, global manufacturing competitiveness index 2016)
Korea is preparing for the industrial era of the future on a foundation of strong competitiveness in manufacturing and technological capabilities that meet or exceed global standards. It is to take pre-emptive response to the Fourth Industrial Revolution and take active measures to the paradigm shift of the industry. It continues to make bold investments and support in a long-term perspective. In 2018, the Ministry of Trade, Industry and Energy designated future vehicles, new businesses of energy industry, IoT-based home appliances, bio/healthcare and semi-conductors/displays as projects for innovation and growth, and is preparing and pursuing a variety of promotional policies.
Global FTA Platform: Korea is the only Asian economy that has signed FTAs with all three of the world’s largest markets - the European Union, United States and China. Korea’s global FTA network with 52 partner countries forms the third largest market in the world. Companies from Korea can enter the markets of developed countries by capitalizing on Asia’s strengths.
Korea is a global innovation leader in a broad range of fields, including ICT platforms and process innovation. Korea has ranked 1st on the Bloomberg Global Innovation Index 2018 for five years in a row, a ranking of the world’s 50 most innovative countries carried out by Bloomberg. Korea ranked especially high for R&D spending, education and patents. This culture of innovation is another reason so many companies have invested in Korea.
Korea is a pioneer in the information and communications and technology sector. According to the International Telecommunication Union’s (ITU) Measuring the Information Society Report 2017, Korea ranked the second among 176 countries in the annual ICT Development Index (IDI). Korea’s ICT innovation extends beyond information and communications technology, enabling ICT convergence across a broad spectrum of fields, including bio, finance, logistics, tourism and culture. Competitiveness of global Korean companies like Samsung Electronics, LG Electronics, and Hyundai Motor is built on their ability to maintain and improve their manufacturing processes in a timely and precise manner. The manufacturing capability based on Korea’s process innovation will provide opportunities for domestic and foreign companies that wish to capitalize on process innovation capability.
Affordable, reliable utilities
Korea’s power, water, and telecommunications infrastructures are among the best in the world. Electricity is reasonably priced and reliable, while industrial-use water is also readily available from regional sources in most cases. Mobile broadband service is available nationwide, as is sameday wired or wireless service provisioning.
Korea’s IPR protection efforts
Korea’s advances in the protection of intellectual property rights are the result of aggressive, concerted efforts by the Korean government over many years. The patent examination process has been streamlined, resulting in examination periods that are significantly shorter than those of other developed nations, such as the United States and Japan. This combination of robust IPR protection and speedy patent-related services is another reason Korea is a safe and secure investment environment for foreign investors.
Business-friendly investment environment
Korea provides an ideal environment for business success: world-class infrastructure, intellectual property rights protection, high quality of life, FDI-friendly government policies, one-stop investment services and more. In the World Bank’s Doing Business 2017 report, Korea was ranked the 4th easiest place in the world to do business.
Foreign Direct Investment (FDI) in Korea
The recent rise in foreign direct investment is attributed to growing capital inflow from investors in emerging countries including China and Middle Eastern nations through the Korea-China FTA, summit diplomacy, and other policy Around 16,000 foreign companies are doing businesses in Korea in a variety of fields including finance, technology, motor vehicles and automotive parts, and medical service. Among them, 223 companies are Fortune 500 Global Enterprises.
Invest Korea: Invest KOREA has 36 overseas offices and 64 investment-promotion specialists around the world to attract more investment. The overseas offices provide information on Korea’s investment environment to potential foreign investors and carry out various investment promotion activities, including investor relations sessions.
Visit the Invest Korea Marketplace: www.investkorea.org