Carbon Removal Startup Climeworks Fundraising Moves Past $1 Billion
The company, which was set up in 2009 to remove carbon emissions from the atmosphere, has been backed by some of the world's largest organizations, including Microsoft, BCG and Morgan Stanley. Its pioneering technology, known as direct air capture, or DAC, literally sucks carbon dioxide from the atmosphere using giant plants such as its Mammoth facility in Iceland, which is able to remove 36,000 tons of CO2 a year.
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Steigenberger Icon Europäischer Hof reopens after renovation
H World Group hotel brand Steigenberger Icon's Europäischer Hof in Baden-Baden, Germany, has reopened its doors after undergoing extensive renovations. The renovation aims to maintain the hotel's historic essence while updating its facilities for contemporary guests. The reopening signifies a step forward for H World Group, which acquired Deutsche Hospitality, which is now known as H World International, in 2021. H World Group chief strategy officer He Jihong said: "The reopening marks a milestone that signals the H World's long-term dedication to expanding our international footprint while respecting local culture and brand identity." With a history dating back to 1930, Europäischer Hof in Baden-Baden features 126 rooms, suites, and apartments, as well as several dining options and leisure areas. The hotel also provides five multifunctional rooms with conferencing technology for events and 700m² of retail space, featuring Germany's inaugural Porsche Studio. Europäischer Hof Baden-Baden general manager Holger Flory said: "The Europäischer Hof Baden-Baden stands for a harmonious connection of rich history and modern sophistication. A place where guests experience a unique symbiosis of historic grandeur, contemporary luxury and exceptional service.' Earlier this year, H World Group signed four hotel management agreements in Laos, marking its debut in the country and signifying a step in its international expansion strategy. "Steigenberger Icon Europäischer Hof reopens after renovation" was originally created and published by Hotel Management Network, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
