Environment & Sustainability · Week of Nov 2, 2026
Ethanol deal and COP31 lobbying lead the sustainability week
An ethanol acquisition backed by tax-credit cash flows, a COP31 lobbying letter, quarterly results and several China-based sustainability events.
The largest deal of the week came from The Andersons, Inc., which agreed to buy Harvestone Low Carbon Partners from Energy Capital Partners for $915 million. The company says about half the price reflects expected 45Z and 45Q tax credit cash flows. On the policy side, more than 30 members of the Energy Transitions Commission wrote to the COP31 Presidency ahead of the summit in Türkiye, asking for a 35% electrification target by 2035 and faster decarbonisation of heavy industry.
Quarterly results came from Hexagon Composites ASA, which returned to positive EBITDA, and Jinko Holdings, which released third-quarter figures. Shanghai was the setting for several items: Pigeon's exhibit at CIIE, where its Qingpu factory was cited in a climate white paper, and the Sustainability Global Leaders Conference summarised by Sina Finance. Fosun International received an ESG award in Hong Kong, and SMX argued that market pressures are making recycled plastics more competitive with virgin material.
The Andersons, Inc.
The Andersons, Inc. to Acquire Harvestone Low Carbon Partners, Expanding Ethanol Production Capacity and Low-Carbon Fuels Capabilities
The Andersons, Inc. agreed to acquire Harvestone Low Carbon Partners, which runs three ethanol plants in North Dakota and Indiana with carbon capture and sequestration infrastructure, from Energy Capital Partners for $915 million. The company says the deal would raise its annual ethanol capacity to about 730 million gallons, with roughly half the price attributed to expected 45Z and 45Q tax credit cash flows, and it expects closing in Q4 2026 or early Q1 2027.
Energy Transitions Commission
Business leaders urge COP31 Presidency to commit to global action on clean electrification and heavy industry to keep global warming well below 2°C
Over 30 Energy Transitions Commission members urged COP31 President Murat Kurum and President of Negotiations Chris Bowen to back a target of 35% electrification by 2035 and faster decarbonisation of steel, cement, aluminium, chemicals, aviation and shipping, including through carbon prices. The ETC says current policies point to 2.6°C of warming by 2100, and that its five priority action areas could bring this to around 1.8°C, though it says this is not cost-free.
Pigeon
Pigeon Showcases Parenting Innovations at CIIE 2026 Under "Boundless Joy of Newborn" Theme
Pigeon exhibited at CIIE in Shanghai for the fourth consecutive year and debuted its Lamb Blessings Newborn Bottle Gift Set. The sustainability point is that its Shanghai Qingpu factory's Green Manufacturing Project was selected as a model case in the Shanghai Climate Week 2026 Climate Lighthouse White Paper, and the company says its SofTouchⅢ Pure Series bottles use lower-carbon raw materials and clean energy in production.
Hexagon Composites ASA
Hexagon Composites ASA: Third quarter 2026
Hexagon Composites ASA reported Q3 2026 revenues of NOK 929 million, up from NOK 538 million, and EBITDA of NOK 108 million versus NOK -54 million a year earlier. The company reconfirmed full-year EBITDA guidance of around NOK 300 million and says it expects to deliver toward the high side.
Jinko Holdings Limited
Jinko Holdings Announces Third Quarter 2026 Financial Results
Jinko Holdings Limited (NYSE: JKS) announced unaudited financial results for the third quarter ended September 30, 2026. The release excerpt provided lists core solar and energy storage business highlights but gives no figures.
SMX (Security Matters)
Plastic Recycling has a New Passport; SMX is the Stamp
SMX described its Digital Material Passport Platform, which assigns physical materials an identity intended to persist through their life cycle. The company argues that war, oil volatility, inflation and supply-chain pressure are creating what it calls an "Age of Parity", in which recycled materials can compete with virgin plastics, raising the value of verified material provenance.
Sina Finance
From Global Dialogue to Everyday Action: Highlights from the 2026 Sustainability Global Leaders Conference
Sina Finance published highlights from the 2026 Sustainability Global Leaders Conference, held in Shanghai from October 20 to 22 with policymakers, academics, business leaders and international organizations. The excerpt provided states the conference's theme of building a more resilient future but gives no further detail.
Fosun
Fosun International Receives "ESG & Corporate Sustainability Excellence Award" from Hong Kong Economic Journal
Fosun International received the "ESG & Corporate Sustainability Excellence Award" at the Hong Kong Economic Journal's "ESG & Sustainability Awards of Excellence 2026" ceremony on 5 November 2026. The release excerpt provided does not state the award criteria.
This roundup is written with AI assistance from the press releases listed above, using only what they state. The releases are the companies' own announcements, not Stream Bulletin reporting.