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Green Fertilizer Made with Air and Plasma: NitroCapt (Sweden) wins $2M Food Planet Prize 2025 for developing low-emission fertilizers

Green Fertilizer Made with Air and Plasma: NitroCapt (Sweden) wins $2M Food Planet Prize 2025 for developing low-emission fertilizers

Korea Herald19 hours ago

STOCKHOLM, June 13, 2025 /PRNewswire/ -- The Curt Bergfors Foundation is honored to announce that NitroCapt was awarded the Food Planet Prize, the world's biggest environmental award, on June 13 in Stockholm, Sweden. This recognition highlights their exceptional contributions and potential to disrupt the global nitrogen fertilizer industry.
Nitrogen fertilizers are used for 50% of the world's food production and emit as much carbon dioxide as the aviation industry. Sweden-based NitroCapt has developed a novel, energy-efficient process that makes fertilizer through plasma-produced nitrate. NitroCapt's technology could improve access to green fertilizer across the world.
In awarding the Prize to NitroCapt, the Food Planet Prize jury Co-Chair Johan Rockström commented:
"Through NitroCapt's innovation, nitrogen fertilizer can now be produced by splitting nitrogen from the air with plasma technology simply needing green electricity as input. This technology reduces the use of energy tenfold, can be produced locally, avoids fossil-fuels entirely, while producing a nitrate fertilizer that can improve soil health and may be used sustainably by farmers across the world."
Gustaf Forsberg, CEO and Founder of NitroCapt, added:
"NitroCapt's mission is to decarbonize the nitrogen fertilizer industry. The current fossil-based process has reached its end point. We can also contribute to increased food production in areas that today have difficulties producing sufficient amounts. We are just about to finalize our industrial-scale pilot, and we have fertilizer in the field, but we're still not at the scale where we want to be.
This Prize will be very important for us to bring our technology to the stage where we can start making a difference."
About the Food Planet Prize
The Curt Bergfors Food Planet Prize was established in Sweden in 2019, in acknowledgement of the perils that our current food systems pose to the health of people and the planet. The Prize supports initiatives that significantly reduce the environmental impact of the way we eat today. Unlike many awards, the Food Planet Prize recognizes initiatives for their potential future impact on the environment rather than past achievements. The Food Planet Prize's international jury consists of 10 leading specialists in complex Food Planet challenges. The jury is co-chaired by Johan Rockström and Magnus Nilsson.

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Ping An Ranks 27th on Forbes' Global 2000 List
Ping An Ranks 27th on Forbes' Global 2000 List

Korea Herald

time11 hours ago

  • Korea Herald

Ping An Ranks 27th on Forbes' Global 2000 List

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During the period, Ping An reported revenue of US$158 billion, profit of US$17.6 billion, and total assets amounted to US$1.8 trillion. Progress driven by technology-enabled "integrated finance + health and senior care" dual-driver strategy Ping An continues to advance its technology-enabled "integrated finance + health and senior care" dual-driver strategy, driving stable growth across its core businesses. Through its integrated finance model, Ping An has strengthened its engagement with retail customers. As of the end of 2024, Ping An served 242 million retail customers, with 25.6% holding four or more contracts within the Group. Customer retention remained robust at 98.0%. The health and senior care strategy also provided differentiated advantages, with nearly 63% of Ping An's retail customers entitled to service benefits in the health and senior care ecosystem. 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China, U.S. should make better use of consultation mechanism to safeguard results of dialogue
China, U.S. should make better use of consultation mechanism to safeguard results of dialogue

Korea Herald

time11 hours ago

  • Korea Herald

China, U.S. should make better use of consultation mechanism to safeguard results of dialogue

BEIJING, June 13, 2025 /PRNewswire/ -- A report from People's Daily: On June 9 and 10 local time, the first meeting of China-U.S. economic and trade consultation mechanism was held in London. The two sides held candid and in-depth talks, and thoroughly exchanged views on economic and trade issues of mutual concern. They have agreed in principle the framework for implementing consensus between the two heads of state during their phone talks on June 5, as well as those reached at Geneva talks. This meeting marked a new step taken by both sides to resolve bilateral economic and trade issues through equal dialogue. Both sides acknowledge the importance of a stable China-U.S. economic and trade relationship for the economies of both countries and the global economy, and the constructive outcomes achieved by the meeting have also brought new optimism to the international community. The establishment of the China-U.S. economic and trade consultation mechanism is a major outcome of the Geneva economic and trade talks. It provides an institutional guarantee for both sides to bridge differences and deepen cooperation. During their recent phone call, the China and U.S. heads of state agreed to make good on the agreement reached in Geneva and to hold another round of meeting as soon as possible. Chinese President Xi Jinping emphasized the importance to make good use of the economic and trade consultation mechanism already in place. This meeting is an important consultation conducted under the guidance of the strategic consensus reached by the two heads of state. All sectors of both countries and the international community paid close attention to this meeting, generally believing that as the world's two largest economies, China and the U.S. are better served by cooperation than friction, and by dialogue than confrontation. There are broad expectations that both sides will continue to resolve differences through equal dialogue and consultation, contributing greater stability and certainty to the world economy. Looking back at the history of China-U.S. relations, one lesson stands out: strengthening communication and dialogue through institutional arrangements plays an important role for both sides to properly manage differences and enhance cooperation. At this meeting, the two sides engaged in candid and in-depth communication and made new progress in addressing each other's economic and trade concerns, demonstrating the effectiveness of the consultation mechanism. The sound development of China-U.S. economic and trade relations requires joint efforts from both sides. Each achievement is hard-won and should be all the more cherished and maintained. Moving forward, both sides should, in accordance with the important consensus and requirements made during the phone call between the two heads of state, further leverage the role of the China-U.S. economic and trade consultation mechanism, continuously enhance mutual understanding, reduce misperceptions, and strengthen cooperation. After decades of development, China and the U.S. have forged a pattern of complementary strengths, mutual benefits, and win-win cooperation in the economic and trade field. This progress has been driven by the joint efforts of businesses and peoples on both sides, as well as by market forces and the international division of labor. A stable China-U.S. economic and trade relationship holds profound significance not only for both countries but also for global economic stability. Economic cooperation and trade between the two countries is so huge, substantive and broad-based, involving so many players, that it is only natural for some differences to exist. 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GOVY AirCab Makes Global Debut, GAC Unveils "Land-Air Matrix" at 2025 International Automotive & Supply Chain Expo (Hong Kong)
GOVY AirCab Makes Global Debut, GAC Unveils "Land-Air Matrix" at 2025 International Automotive & Supply Chain Expo (Hong Kong)

Korea Herald

time11 hours ago

  • Korea Herald

GOVY AirCab Makes Global Debut, GAC Unveils "Land-Air Matrix" at 2025 International Automotive & Supply Chain Expo (Hong Kong)

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