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Zoetic Global and Verdana Join Forces to Tackle Urban Cooling Amid Climate Change Crisis

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Zoetic Global and Verdana Join Forces to Tackle Urban Cooling Amid Climate Change Crisis
Business

Business

Zoetic Global and Verdana Join Forces to Tackle Urban Cooling Amid Climate Change Crisis

2024-08-01 00:54 Last Updated At:01:15

The escalating urban heatwave crisis underscores the urgent need for innovative energy and emissions management solutions 

YOUNGSTOWN, Ohio, Aug. 1, 2024 /PRNewswire/ -- During the official launch of the Zoetic refrigerant plant in Youngstown, Zoetic Global and Verdana International announced a one-stop solution to significantly reduce air conditioning related energy costs by replacing existing refrigerants with Zoetic Refrigerants, digitally managing emissions and processing carbon credit claims.

"Urban heat zones are putting tremendous pressure on real estate operators," said Avery Hong, Co-Founder and CEO of Zoetic Global. "Cooling needs have spiked, resulting in elevated power bills and greater increases in carbon emissions. Our solution is to step in and quickly replace incumbent refrigerants with Zoetic products without the need for equipment changeouts or modifications, thus minimizing capital expenditures and operational disruptions."

Cooling units using Zoetic Refrigerants are connected to the Verdana AI engine that produce a continuous cycle of assessment and variance analytics for both management and carbon credit purposes. Verdana is currently working with the World Bank to provide city-wide aggregated, digital validation and verification for its Low Carbon City Project in Ho Chi Minh City in Vietnam. Alongside, a Zoetic Refrigerant deployment will sharply reduce turnaround times for emissions reduction related interventions in Ho Chi Minh City.

Asad Sultan, CEO of Verdana International, said Verdana and Zoetic plan to replicate this model across all of Southeast Asia and throughout the Americas. "There's nothing subtle about climate change anymore. It's become more of a climate smackdown. Our industrial strength urban carbon management system has been augmented to handle city-wide aggregation of emission management projects, while remaining fully compliant with UNFCCC CDM carbon credit methodologies," Sultan said.

"Zoetic has developed a modular, refrigerant production system that was showcased at the Youngstown plant opening. These units can be fabricated and quickly shipped, installed and operated anywhere in the world. Zoetic is committed to localizing production, not only to reduce transportation costs and carbon emissions but also to economically impact our partners' communities. This is how we jointly address the massive temperature and climatic changes hitting cities worldwide," Hong said.

About Zoetic Global

Zoetic Global is a sustainability-focused solutions provider, dedicated to delivering essential energy, water, and food technologies to areas in greatest need. Through collaboration with technology and strategic partners, Zoetic has curated a compelling portfolio of solutions to address critical issues. The name "Zoetic," meaning "pertaining to life," symbolizes the company's commitment to impactful solutions. Co-Founder and Chairman Jerome Ringo, a seasoned leader in the climate movement, drives Zoetic's efforts to support regions disproportionately affected by climate change. Zoetic believes in the existence of critical solutions and the necessity of a heightened commitment from leaders to implement them effectively. For more information about Zoetic Global, visit Zoetic Global About Page.

About Verdana International

Verdana is today's only provider of digital UNFCCC CDM compliant methodologies for the issuance of carbon credits by VCM standards bodies for urban emissions. Expert in large scale digital aggregation of carbon credits for urban and agricultural holdings, Verdana deployments bring economies of scale to carbon projects making them that much more viable. Verdana's digital guardrails are used by clients to enhance the value of their carbon credits. This client list includes the World Bank, oil and gas companies in the United States and Canada, Zoetic, a large global HVAC emission reducing refrigerant manufacturer and green hydrogen provider, as well as the Induk KUD agricultural cooperative in Indonesia with land holdings across 12 million members. The sustainable produce from Verdana's Induk KUD emissions reduction projects will contribute towards providing a daily hot meal for Indonesian school children as mandated by the President-elect Prabowo Subianto of Indonesia, making 80 million school children the co-beneficiaries. For more information, please visit Verdana.

Media Contacts:
Ashleigh Jacubec
Email: ashleigh@zoeticglobal.com

Charlotte Luer
Email: cluer@ljhfm.com
+1 239-404-6785

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Zoetic Global and Verdana Join Forces to Tackle Urban Cooling Amid Climate Change Crisis

Zoetic Global and Verdana Join Forces to Tackle Urban Cooling Amid Climate Change Crisis

PolicyStreet gives back to Malaysians who supported their growth by offering FREE road tax to all Proton and Perodua car owners renewing their car insurance.

KUALA LUMPUR, Malaysia, Sept. 9, 2024 /PRNewswire/ -- "Berkereta jenama negara, megah menyusur di jalan raya"— an iconic lyric that resonates with every Malaysian, evoking national pride with every rendition. This Malaysia Day, PolicyStreet turns that pride into a tangible benefit. PolicyStreet continues its Betul-Betul FREE Road Tax campaign, offering all Malaysians driving national cars FREE road tax when renewing their car insurance on 12 and 13 September.

The Betul-Betul FREE Road Tax campaign showcases PolicyStreet's gratitude to Malaysians who have supported its journey from humble beginnings to becoming a leading insurtech in the nation. Malaysians' support has been crucial in embracing "alam cyber teknologi terkini" and enabling companies like PolicyStreet to thrive.

"'Keranamu kami mendakap tuah'— Without the support of Malaysians, PolicyStreet would not have achieved the successes it enjoys today. Beyond our embedded insurance solutions serving the underserved, PolicyStreet is committed to giving back to the community and improving financial resilience in the region, says Yen Ming Lee, Co-founder and Group Chief Executive Officer of PolicyStreet. 

Building on the success of the Betul-Betul FREE Road Tax campaign launched in conjunction with Merdeka Day, Malaysians can once again benefit from free road tax by visiting PolicyStreet's car insurance renewal portal at car.policystreet.com. Users can simply select the road tax renewal add-on at checkout, no promo code needed.

Held from 28 to 29 August, the first Betul-Betul Free Road Tax campaign offered Malaysians free road tax in conjunction with Merdeka Day, no strings attached. The campaign saw close to 10,000 car insurance quotes generated, reflecting the strong community support for PolicyStreet's initiatives.

Looking ahead, PolicyStreet remains dedicated to enhancing its insurance solutions and services for underserved communities. As part of this commitment, the company pledges to offer the 'Cheapest Road tax in Town', offering up to 70% discounts on road tax for every car insurance renewal. The bold promise, available from 14 September onwards, ensures that all Malaysians benefit from PolicyStreet's cost-effective insurance solutions. 

If you're behind the wheel of a Proton or Perodua, don't miss out on this chance to enjoy FREE road tax this Malaysia Day. For Malaysians who want to take advantage of this promotion but don't need to renew their car insurance just yet, stay tuned for the Cheapest Road Tax in Town available from 14 September onwards. Show your Malaysian pride and grab your free road tax from PolicyStreet today!

For the complete media kit with visual assets and spokespersons' photos, please click the link HERE.

About PolicyStreet

PolicyStreet is a regional full-stack insurance technology (insurtech) group of companies providing cutting-edge digital insurance solutions to businesses and consumers in Southeast Asia and Australia.

PolicyStreet works directly with over 40 life, general, and Takaful providers globally to offer a comprehensive range of products and services, which includes but is not limited to embedded insurance, customised employee benefits, financial advisory and aggregation of insurance, as well as the development of digital solutions to make insurance purposeful and simple for businesses and consumers.

As a licensed Reinsurer, General Insurer and Takaful Operator by the Labuan Financial Services Authority (LFSA), an approved Financial Adviser and Islamic Financial Adviser by Bank Negara Malaysia (BNM), and a licensee of the Australian Financial Services License by the Australian Securities and Investments Commission (ASIC), PolicyStreet is able to underwrite, customise policies, and provide unbiased advice to its clients and partners worldwide.

PolicyStreet is backed by the Malaysian sovereign wealth fund, Khazanah Nasional Berhad, and serves over 5 million customers with over US$ 10 billion in sum insured. In 2024, PolicyStreet was recognised as "Fintech of the Year" at The Asset's Triple A Digital Awards and ranked as the second-highest Malaysian company in the "High-Growth Companies in Asia Pacific 2024" list by Statista and The Financial Times.

For more information, please contact:
Sabrina Chong
Corporate Communications Manager, PolicyStreet
sabrina@policystreet.com
+6012 206 6375

** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **

Keranamu Malaysia -- PolicyStreet Offers FREE Road Tax to All National Cars for Malaysia Day

Keranamu Malaysia -- PolicyStreet Offers FREE Road Tax to All National Cars for Malaysia Day

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