Empower is building a global plastic waste ecosystem. To solve the problem of plastic waste, Empower is built on the same philosophy as the Norwegian bottle deposit system. By rewarding deposit of plastic waste, we can both stop leakage of plastic into the environment, and incentivize collection of leaked waste. Empower is creating a plastic waste fund. This is used to pay people who deliver plastic waste to its stations. For every kg of plastic delivered, the person is rewarded a digital EMP Token worth $1.
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Latest Empower News
Oct 24, 2022
and now with the details Jeddah - Yasmine El Tohamy - RIYADH: Saudi Arabia’s Public Investment Fund has announced the launch of Halal Products Development Co. aimed at localizing the halal production industry in the Kingdom. The launch of the new firm is expected to help promote Saudi Arabia as a global halal hub, according to a press release. It further noted that HPDC will help enable local players; small and medium-sized enterprises, in particular, to grow and expand across global halal markets. It will also help develop the halal production industry in Saudi Arabia through partnerships with key local and international players, along with creating job opportunities. “HPDC aims to localize knowledge, technology, and innovation for the development of halal products including foods, cosmetics, and pharmaceuticals. The company also aims to promote investment and economic opportunities for the industry by introducing various services, including specialized advisory,” said PIF in the press release. It further added that the company will also help PIF and its portfolio companies to access a variety of collaboration and investment opportunities across global halal markets. The launch of the new firm comes in line with the goals outlined in the Kingdom’s Vision 2030, aiming at diversifying Saudi Arabia’s economy away from oil, along with developing key sectors including goods and retail, and food and agriculture. The PIF is one of the world’s largest sovereign wealth funds, with assets valued at $620 billion, according to data released by Sovereign Wealth Fund Institute in April. Earlier in October, PIF Governor Yasir Al-Rumayyan revealed a strategy detailing plans for the fund’s assets to reach between $2 to $3 trillion by the end of this decade. “We want to reach $1 trillion by 2025. And we are almost now less than $700, we need close to $400 billion to reach this size of assets,” said Al-Rumayyan, during an interview given to the Thmanyah podcast. He added: “We have a complete plan from now till 2030, on how to reach a trillion and reach between $2 to $3 trillion, and His Highness Crown Prince is determined to reach it.” In September, PIF launched the National Real Estate Registration Services Co. to digitize and develop the local real estate sector through a comprehensive digital platform. In a press release, PIF noted that the new platform will help build a comprehensive digital database of all public, residential, commercial, and agricultural units of property across the Kingdom, along with ensuring transparency in the real estate sector. These were the details of the news Dubai to offer 10% of Empower in fourth state-linked IPO this year -Gulf News for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new. It is also worth noting that the original news has been published and is available at Arab News and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
Empower Frequently Asked Questions (FAQ)
When was Empower founded?
Empower was founded in 2018.
Where is Empower's headquarters?
Empower's headquarters is located at Nedre Vollgate 3 c/o The Factory, Oslo.
What is Empower's latest funding round?
Empower's latest funding round is Grant.
How much did Empower raise?
Empower raised a total of $610K.
Who are the investors of Empower?
Investors of Empower include Innovation Norway and The Factory.
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