BAKU, Azerbaijan, Nov. 20, 2024 /PRNewswire/ -- On November 16, 2024, the official side event "Belt and Road" Climate Mitigation and Adaptation: Cases and Practices, hosted by the All-China Environment Federation and the Government of Ethiopia, and co-organized by the China Investment Association, was successfully held at the Blue Zone of the 29th Conference of the Parties to the United Nations Framework Convention on Climate Change (COP29). Representatives from government, business, and non-governmental organizations from China and Ethiopia shared their experiences and practices on the synergy between economic development and addressing climate change along the "Belt and Road". The Belt and Road Ecological Industry Cooperation Working Committee of the All-China Environment Federation released the 2024 "Belt and Road" Green Supply Chain Cases and the 2024 "Belt and Road" Eco-environmental Governance Technology and Product Recommendation Directory during the event.
H.E. Fitsum Assefa Adela, Minister of Planning and Development of Ethiopia, delivered the opening remarks. She first introduced Ethiopia's Green Legacy Initiative, which aims to plant 4 billion trees in 6 years and increase forest coverage to 23.6%. She also showcased Ethiopia's efforts in regional energy integration and sustainable development and expressed support for China's green "Belt and Road" work.
Ni Yao, Deputy Director of International Department of the All-China Environment Federation and the representative of the event organizers, then read out the message from China's Special Envoy on Climate Change, Mr. Liu Zhenmin. Mr. Liu stated that under the framework of the "Belt and Road", green development cooperation has become the main theme between China and the countries along the Belt and Road. More and more Chinese enterprises are expanding their businesses along the "Belt and Road". To date, there are more than 1,800 Chinese enterprises in Ethiopia alone, cooperating in fields such as photovoltaics, energy storage, and home appliances. China appreciates Ethiopia's Green Legacy Initiative and its efforts in climate mitigation and adaptation. It also looks forward to more Chinese enterprises going global, strengthening cooperation with Ethiopia, African partners, and a wide range of "Belt and Road" countries, promoting green and low-carbon development along the "Belt and Road", and contributing to the early realization of the Paris Agreement goals.
In the keynote speech session, Dr. Adefires Worku, the head of the Ethiopian Green Legacy Initiative, and Jack Zhang, Vice President and Secretary-General of the Energy Investment Professional Committee of the China Investment Association, shared the current status and progress of ecological protection and forest carbon sinks, and the construction of zero-carbon industrial parks along the "Belt and Road". Jinko Energy, Shenyang Huade Haitian Electric Appliance, and Shanghai Treasure Carbon shared the practices of Chinese enterprises from the perspectives of renewable energy, green manufacturing, and carbon sink development.
Among them, Zhu Weiqing, Chairman of Shanghai Treasure Carbon New Energy Environmental Protection Technology Ltd., deeply analyzed the current status and development potential of carbon markets along the "Belt and Road" countries. She elaborated on the key role of carbon markets and carbon financial services in promoting the transformation of the green economy. She also shared Baocarbon's rich experience and practical results in the development and management of international carbon assets, which won high praise from the participants. She said that as the world moves towards a low-carbon transition, the carbon market will become an important link connecting the climate targets and economic transformation needs of various countries. It is also one of the key points discussed at this conference—to strengthen cooperation in rule-making and mechanism innovation, which will inject new momentum into the development of the global carbon market, thus opening up a feasible path to achieve the global carbon neutrality goal.
In the roundtable dialogue session, H.E. Hailemariam Dessalegn, former Prime Minister of Ethiopia, Director of the Strategic Planning Department of the National Climate Strategy Center of the Ministry of Ecology and Environment, Mr. Chai Qimin, and Mr. Zhang Hai Meng, Chief Sustainability Officer of Longi Green Energy, and other representatives shared their experiences and insights on the opportunities and challenges in the construction of the "Belt and Road". They also exchange views on the application of renewable energy and synergy between ecological protection and tackling climate change in "Belt and Road" countries.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
COP29 Official Side Event : "Belt and Road" Climate Mitigation and Adaptation Successfully Held
MAD Foods and TurtleTree to bring ready-to-drink coffee beverage line to market with vegan-certified lactoferrin to provide key health benefits to consumers
SACRAMENTO, Calif. and SINGAPORE, Nov. 20, 2024 /PRNewswire/ -- TurtleTree, a local leader in sustainable nutrition, today announces it has joined forces with its first Singapore-based organization, MAD Foods, a company dedicated to offering Ready-to-Drink better-for-you products. This partnership will see MAD Foods enhance their popular oat milk coffee beverages with LF+, TurtleTree's vegan-certified lactoferrin. This collaboration aims to deliver a healthier, more functional beverage to consumers that bolsters key health benefits such as immune support, gut health and iron regulation.
While lactoferrin is already used in some supplements and infant formulas today, supply scarcity means that demand continues to be a challenge for other verticals such as sports nutrition, adult and elderly nutrition, women's health and more. Lactoferrin is a diverse and multifunctional ingredient and TurtleTree has tackled the challenge of scaling the production of this high-value protein via precision fermentation, enabling it to supplement the global shortage of lactoferrin as well as meet the demand of new consumers who were previously unable to access the protein because of high costs and supply issues, without the animal. By earning Self-GRAS in November of 2023, TurtleTree has begun to commercialize and scale its production over the last 12 months.
Statistics show that nearly 75% of consumers are increasingly interested in products that offer functional health benefits such as immune support, gut health and overall wellness. The partnership between TurtleTree and MAD Foods is one that will meet this demand by providing health benefits via LF+ as a part of a consumer's daily coffee routine.
"Turtletree is very excited by MAD Foods' mission and to support their expansion into functional nutrition as well as the accessibility of this high-value protein in Singapore, Australia and beyond," said Fengru Lin, CEO, TurtleTree. "It's exhilarating to work with such passionate founders and to have the opportunity to scale this product globally."
Founded in July 2019, MAD Foods was created to give people the choice to consume convenient, healthy and sustainable ready-to-drink products. The team supplies 3,000 retail locations in Singapore and Malaysia and will soon be expanding to Australia, with options of a single, double or decaf shot of espresso and oat milk. By utilizing LF+, MAD Foods offers a more health-conscious option in an ever-expanding market. As consumer education continues to increase, especially in regard to functional ingredients, this collaboration with TurtleTree aligns perfectly with the shift toward beverages that support both physical and mental well-being.
"Both our global distributors and retailers are extremely excited about this partnership between MAD and TurtleTree. To tap into the USD45B functional market is to be given the opportunity to grow exponentially," said Angelique Teo, Co-Founder & Creative Head, MAD Foods. "Our motto of Tomorrow, Today has now been leveled-up and we are looking forward to fulfilling what today's savvy consumer wants."
TurtleTree continues to have a stellar year receiving its vegan certification from Vegan Action, securing its first commercialization partnerships with Cadence Performance Coffee and STRIVE Milk and being recognized in Fast Company's 2024 World Changing Ideas. Both MAD Foods and TurtleTree are currently at Singapore International Agri-Food Week and are taking conversations while at the show. To learn more about the work that TurtleTree is achieving and its future roadmap with companies like MAD Foods, please visit https://www.turtletree.com
Press contact: Sofia Spieler, sofia@turtletree.com, 315-395-1877
Media Portal: https://sites.google.com/turtletree.com/media/home
About TurtleTree
TurtleTree is a biotechnology company creating a new generation of nutrition—one that's better for the planet, animals, and people everywhere. Harnessing cutting-edge precision fermentation technology, TurtleTree is creating better-for-you ingredients sustainably and affordably, with benefits that enhance not only plant-based foods but a wide variety of everyday food products. In November 2023, the organization received Self-GRAS for its animal-free lactoferrin and received vegan certification in February 2024. For more information, please visit TurtleTree's website and follow them on Instagram, Twitter, and LinkedIn.
About MAD Foods
MAD Foods is committed to crafting products that give people the choice to consume conveniently, healthily, and sustainably. Headquartered in Singapore with a branch office in Kuala Lumpur, MAD Foods places innovation at the core of its offerings. Each beverage is focused to deliver functional benefits that support a balanced, healthy lifestyle. Since its 2022 launch, MAD Foods has experienced rapid growth, expanding to 3,000 doors within 18 months. Having successfully entered key markets in Singapore and Malaysia, MAD is set to expand into Australia and the US. Stay connected and learn more by visiting MAD online and following all their updates on Instagram, Facebook, and LinkedIn.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
TurtleTree Announces Formal Partnership with Singapore-Based Future-Focused CPG Company MAD Foods; Launching Coffee Line with LF+ Mid-Year 2025
