Arctic Ice Secures 20-Year Greenland Extraction License Amid Global Water Resource Shifts
Arctic Ice secures a 20-year exclusive license to extract glacial water from Greenland, advancing a sustainable global distribution strategy.
Dubai, United Arab Emirates--(Newsfile Corp. - June 25, 2025) - Arctic Ice has finalized a 20-year exclusive license agreement with the Government of Greenland, granting access to extract up to 10 billion liters of untouched glacial water annually. This agreement establishes long-term resource security and signals a strategic development in global water infrastructure as concerns around scarcity, environmental degradation, and cross-border access continue to grow.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/8530/256505_42b45c01340fd838_001full.jpg
The glacial water sourced under this agreement originates from Greenland's ancient ice formations, which remain insulated from industrial contamination. Arctic Ice will channel this reserve into its premium water brand, Inua, which is built on a decentralized, asset-light distribution model. The structure leverages regional bottling partnerships to support local packaging, reduce transportation emissions, and maintain product authenticity. This approach aligns with a broader strategy focused on climate responsibility and resource traceability.
To date, Arctic Ice has secured a 2 billion liter distribution contract in the Middle East, enabling localized market access without the need for large-scale physical infrastructure. Several additional international agreements are advancing toward finalization. The model allows faster penetration into key markets while aligning with regulatory and environmental expectations unique to each region. The operational structure supports net CO₂-negative outcomes while sustaining brand consistency.
In addition to Arctic Water Bank's bottled water initiative, Arctic Ice is a specialized venture focused on supplying naturally formed ice cubes to high-end hospitality clients. Harvested from glacial formations in Greenland, these ice cubes are shaped over centuries through natural compression and freezing processes. Free from industrial alteration, the ice is distributed to elite service environments and private clients seeking elevated quality standards and verified origin. The product's integration into premium mixology and exclusive venues reinforces a growing demand for purity, provenance, and minimal processing.
The Greenland license not only provides a commercial advantage but also reinforces Arctic Ice's position in global resource discussions. With clean water access becoming increasingly politicized and scarce in various parts of the world, a reliable supply chain rooted in Greenland offers stability and strategic control. The licensing terms reflect a commitment to sustainable extraction practices, regulatory compliance, and the stewardship of natural reserves under long-term agreements.
Samir Ben Tabib, founder and CEO, has led the formation of Arctic Ice and its affiliated ventures through a multi-sector approach that includes environmental protection, economic viability, and ethical sourcing. Arctic Water Bank and Njuba & Tabib Enterprises, the latter focused on ethical gold sourcing in East Africa, operate under shared principles of transparency, accountability, and resource integrity.
This license agreement marks a significant milestone in Arctic Ice's global expansion. By combining stable resource access with sustainable operational methods and regional distribution networks, the company is positioned to play a central role in reshaping how glacial water is sourced, bottled, and delivered. Arctic Ice continues to refine its integration of luxury, logistics, and long-term environmental accountability within a shifting global landscape.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
44 minutes ago
- Globe and Mail
CVX, XOM, SHEL: Oil Prices Crash 6% as Israel-Iran Ceasefire Takes Hold
Oil prices are down 6% in afternoon trading on June 24 as a ceasefire between Israel and Iran takes hold, and after U.S. President Donald Trump said China can continue buying oil from Iran. Confident Investing Starts Here: Brent crude oil, the international standard, is down 6.31% and trading at $66.98 per barrel, while West Texas Intermediate (WTI) crude oil, the American benchmark, is down 6.36% to $64.16 a barrel. Energy analysts say prices are falling sharply as traders bet that the conflict in the Middle East is winding down. 'China can now continue to purchase Oil from Iran,' Trump said in a post on his social media platform Truth Social. 'Hopefully, they will be purchasing plenty from the U.S., also. It was my Great Honor to make this happen!' The decline in crude prices has leading oil stocks such as Chevron (CVX), ExxonMobil (XOM), and Shell (SHEL) trending lower as well. Reversing Course In May, Trump had threatened to ban any country buying Iranian oil from doing business with the U.S. China purchases the vast majority of the 1.7 million barrels per day that Iran exports, according to market data. Oil prices are at their lowest level since before Israel began striking Iran on June 13. There is now less risk that a major supply disruption will occur in the Middle East and that business will resume as usual in the energy sector. Trump's decision to join Israel's campaign and bomb three key nuclear sites in Iran over the weekend initially triggered fears that Tehran might try to cutoff oil exports from the Persian Gulf in retaliation. Those fears have now subsided, say analysts, sending oil lower. Is CVX Stock a Buy? The stock of Chevron has a consensus Moderate Buy rating among 18 Wall Street analysts. That rating is based on 10 Buy, six Hold, and two Sell recommendations assigned in the past three months. The average CVX price target of $159.50 implies 6.65% upside from current levels.
Globe and Mail
3 hours ago
- Globe and Mail
China's auto industry inflated sales for years by exporting new cars as ‘used'
China's auto industry has inflated car sales for years through a burgeoning government-backed grey market that registers new cars right off the assembly line and then ships them overseas as 'used' vehicles. These so-called 'zero-mileage' cars have never been driven but they are being exported as used to markets like Russia, Central Asia and the Middle East, allowing Chinese automakers to show growth and to dispose of cars that it would be difficult to sell domestically, according to a Reuters review of government documents and interviews with five auto dealers and car traders. 'This is the outcome of an almost-four-year price war that has made companies desperate to book any sales possible,' said Tu Le, Michigan-based founder of consultancy Sino Auto Insights. The practice only gained national attention after the boss of Chinese automaker Great Wall Motor criticized the sale of zero-mileage used cars within China in May. On June 10 the People's Daily newspaper condemned the sale of zero-mileage used cars domestically. The paper, which often signals the positions of China's top Communist Party leaders, blamed these fake used cars for driving down prices amid a withering domestic price war and called for 'tough regulatory action' to restore order. But the export and sale of fake used cars is actively encouraged by regional governments in China, according to a Reuters review of state media reports and government documents. Local governments have embraced the practice as vital to meeting ambitious targets for economic growth set by Beijing, according to a Reuters review of local policy documents and state media articles. Reuters has identified 20 local governments in China – including major export hubs like Guangdong and Sichuan – that have described their support for the export of zero-mileage used cars in publicly available government documents. Auto industry hit by China's rare earth export curbs as worldwide concerns grow Canadian auto sector has a future working with U.S., ambassador says The tactics include creating extra licenses for the export of zero-mileage used cars, fast-tracking tax rebate claims, investing in export infrastructure, and funding networking events to encourage zero-mileage used-car exports, the government documents showed. The zero-mileage used car export market works like this: as a fresh car emerges from the assembly line, an exporter buys the car either directly from the automaker or from a dealer, registers it with a Chinese license plate, and then immediately marks it as a second-hand car for shipping abroad. Along the way, the automaker books the car as sold and logs the revenue. The support for the practice from local governments would make little sense anywhere outside China's centrally planned economy. But here, showing rapid growth in sales and employment can bring about promotion or unlock new funding while missing economic targets that trickle down from Beijing can lead to demotions of local officials. Because these export firms both purchase and sell a single car, the transaction value is double that of new or used-car purchases, so local governments court them to set up shop on their turf to quickly and artificially boost their GDP statistics, two Chinese auto industry executives said. The tactic is only one sign that China's car industry – the world's largest – is allowing production to outpace demand, driving a protracted domestic price war and spurring accusations of automotive 'dumping' abroad. Cui Dongshu, the secretary general of the China Passenger Car Association, praised the practice earlier this month during an online panel discussion hosted by Tencent's news portal, saying it was an alternative channel for automakers in China to access certain markets overseas that they may not be able to access due to rising trade barriers globally. He added that it also helped to satisfy overseas demand for China-made cars in countries where Chinese brands had yet to enter. Reuters contacted all the local governments mentioned in this article for comment but none responded. China's State Council and commerce ministry did not respond to a request for comment. China's foreign ministry referred queries on the practice to 'the department in charge,' without elaborating. Local government support has taken various forms, from simplifying paperwork, to allocating extra quotas for local vehicle registrations, to setting up free warehouses for zero-mileage used cars close to China's land and maritime borders, the Chinese documents showed. In February, 2024, the planning commission of the southern city of Shenzhen, one of China's richest cities and a tech hub that is home to Huawei and Tencent, pledged to expand the export of zero-mileage used cars as part of efforts to reach an annual target to export 400,000 vehicles of all kinds. Nearby, the southern Chinese metropolis Guangzhou announced earlier this year it had created a mechanism to support and accelerate the export of zero-mileage gasoline vehicles by allocating extra quotas for local registrations that are otherwise capped to mitigate traffic congestion and air pollution in the city. Xinmi, a district of Zhengzhou, the provincial capital of China's third-most populous province of Henan, said in February that it helped local firm Xinjiasheng Supply Chain Management Co., Ltd. to 'promote zero-mileage used car exports, in order to use exports to drive domestic sales.' Reuters found a dozen local governments were boosting the export of zero-mileage used cars as part of their strategy or core to their plans for growth. Sichuan province, one of China's most important economic engines, said in October in a policy document it had supported the creation of an 'online export ecosystem for zero-mileage used NEVs' by promoting e-commerce platforms like Alibaba International, where 100 Sichuan-based used-car sellers are now active. Xinjiasheng Supply Chain Management and Alibaba did not respond to requests for comment. The practice began sometime after 2019 when China allowed used cars to be exported to other countries. Now thousands of traders are involved in passing off new cars as used to qualify for the channel, according to Wang Meng, a consultant for the China Automobile Dealers Association. Of the 436,000 used passenger and commercial vehicles exported by China in 2024, 90 per cent are estimated to be 'zero-mileage,' Wang said. China overtook Japan to become the world's largest exporter of new cars in 2023 and exported 6.41 million vehicles last year, according to the China Passenger Car Association. Of these, about 6 per cent would have actually been zero-mileage used cars, according to Wang's estimates. Two dealers and two industry experts said the majority of zero-mileage used cars are gasoline powered and thus less desirable in the Chinese market. But electric vehicles, which are subject to generous government-funded purchase subsidies, also make up a significant portion. Huanyu Auto, a used-car seller in China's west metropolis of Chongqing, expanded to the zero-mileage used-car business in 2022. The returns were so good in 2022 and 2023 that they were able to earn 10,000 yuan (US$1,400) in profit off an electric sedan that they had purchased in China for 40,000 yuan by selling it in Central Asia, said William Ng, director of the firm's international market division. Criticism has started to mount. On June 7, Zhu Huarong, chairman of Chinese automaker Changan called for a crackdown on exports of zero-mileage used cars at a Chinese auto conference, saying the practice could 'enormously damage Chinese brands' image' abroad. Changan did not respond to a request for further comment. Xing Lei, the Massachusetts-based founder of consultancy AutoXing which provides insights on Chinese EV companies to foreign investors, said the practice could cause foreign investors to assess Chinese automakers' sales skeptically. 'How many are real or inflated? No one knows,' he said. The proliferation of new cars being shipped for sale with 'used' tags is reinforcing fears that China is dumping subsidized vehicles overseas, at a time when Beijing is scrambling to find export markets outside the United States, now heavily protected by tariffs. Some countries, concerned that the influx of cars will crowd out local dealers and confuse consumers, are starting to push back. 'We're definitely seeing friction and tension in markets where there are already manufacturers on the ground there,' said Michael Dunne, a consultant who closely follows the China auto industry. Russia in 2023 issued a government decree effectively banning zero-mileage used cars from brands that already had official distributors in the country. The commerce bureau of Heihe, a Chinese city that sits on the China-Russia border, said last November on its website that this applied to Chinese brands such as Chery, Changan, and Geely. Geely declined to comment while Chery and Changan did not respond to requests for comment. Other countries' market regulators, including Jordan, are finetuning their definition of used cars by mandating a longer period after a vehicle's licensing or production before it is classified as used. Ng, of Huanyu Auto, said growing competition from new entrants such as mom-and-pop stores and even TikTokers selling zero-mileage used cars was causing the trade to become less lucrative. 'They used to sell vases, wine and are now selling cars in the same way,' he said of the new entrants. 'This is chaos.'
National Post
3 hours ago
- National Post
Brambles Climbs to No. 3 in TIME Magazine's 2025 list of World's Most Sustainable Companies
Article content ATLANTA — Brambles, a global leader in supply chain and logistics operating through its CHEP brand, has been ranked in the top three most sustainable companies in the world by TIME Magazine. Article content Advancing one spot to third place on a list of 500 companies, Brambles again led its industry category of Transport and Logistics and was one of only two Australian companies to rank in the top 300. Article content 'It is an honor to be recognized among the most sustainable companies in the world by TIME Magazine and is a powerful affirmation of Brambles' sustainability program,' said Juan José Freijo, Chief Sustainability Officer, Brambles. 'It speaks to both the global impact of our circular CHEP business, centered on share and reuse, as well as our deep ambition to go beyond zero impact and build a regenerative supply network that restores our systems.' Article content This is the second edition of TIME Magazine's World's Most Sustainable Companies award, which recognizes leading companies in corporate social responsibility from 36 countries. The joint ranking by TIME and Statista, a global data and business intelligence platform, assessed 5,000 companies based on over 20 key performance indicators, including sustainable business practice, commitments and ratings, reporting standards and transparency, and environmental and social stewardship. The list ultimately awarded the top 500 companies for their transparency and commitment to sustainability goals and initiatives. Article content 'This recognition comes as we accelerate our regenerative vision and marks a new level of ambition as we ready ourselves for the launch of our 2030 sustainability targets in September 2025,' said Freijo. 'We look forward to continued collaboration with our customers, partners and organizations who share our vision to amplify impact and pursue a regenerative future together.' Article content The TIME ranking follows other sustainability recognitions for Brambles this year. The company was ranked No. 4 for its sustainability performance in the 2025 Corporate Knights'Global 100 list of most sustainable companies in the world, leading its industry category and marking its fifth consecutive year of inclusion in the rankings. Brambles was also included in the Dow Jones Sustainability World Index for the 11 th consecutive year, ranking No. 2 in its industry category in 2025. Article content About Brambles Article content Brambles Limited (ASX: BXB) Brambles is a global provider of logistics solutions, connecting the world's supply network through its operations, people and technology. Article content Brambles operates across more than 60 countries primarily through its CHEP brand, harnessing its industry-leading expertise and the unmatched scale of its asset pool of 347 million pallets, crates and containers through a network of more than 750 service centers. Through its regenerative ambition, built on decades of leadership in the circular economy, Brambles has become one of the world's most sustainable companies. Article content Since its origin in 1875, Brambles has been at the forefront of innovation. Today, it continues to invest in the future, developing technologies, digital solutions and partnerships to unlock new value and make the world's supply network more resilient and regenerative. Article content Article content Article content Article content Media contact: Article content Article content Rachel Barclay Article content Article content Article content
