The Madem Reels Group reports that it has not only directly captured more carbon from the atmosphere than its emissions, it has done so to a level that far exceeds what most companies report for mitigating climate change.

A press release said that per the findings of Brazil’s Ecofinance Negocios, which considers biogenic and fossil emissions for Scope 3 assessments, the Group captured more gases in 2022 than it emitted through the natural carbon capture provided by its cultivated forests. Further, the accumulated inventory from the company’s native and cultivated forests accounts for more than 195 times the fossil emissions.

The parent company of Madem Reels is one of the 15 largest forestry groups in Brazil, overseeing some 10,000 hectares (24,710 acres) of forestry properties. Its planted forests provide the wood used by the company’s production plant in Brazil. That sum accounts for more than half the woods used by the business, which also has plants in Spain, Bahrain, U.S., Mexico and Colombia.

“We are proud of our companies and teams worldwide, who are successfully performing their environmental mission,” said Global Sales and Marketing Director, Leandro Mazzoccato. “We are evenly fulfilled to share our long-term commitment with all 200 wire and cable customers over 45 countries.

 Taihan Cable & Solution (Taihan) announced the recent completion of the first step of its submarine cable plant 1 in the Godae district of the Asan National Industrial Complex in Dangjin-si, Chungcheongnam-do in South Korea.

A press release said that many notable executives from both Taihan and the Hoban Group—which bought the business previously known as Taihan Electric Wire in March—took part in the event. It featured a tour of the submarine cable production line, a ceremony to mark the commencement of operations at the plant, and several commemorative speeches.

The submarine cable plant 1 of Taihan, occupying around 44,800 sq m behind Godae Pier at Pyeongtaek’s Dangjin Port, is being built in two phases. The first step, which focuses on producing inter array cables, was finalized and approved this May. After a series of tests and prototype productions, the plant is scheduled to begin full-scale operations starting with the production of inter-array cables for the Yeonggwang Nakwol offshore wind power project. Last December Taihan secured a significant contract to supply inter array cables for the Yeonggwang-gun project.

Taihan Vice Chairman Song Jong-min said that the company “will expedite the construction of the second step of the submarine cable plant 1 and submarine cable plant 2.”

The second step of the submarine cable plant 1, for making export cables, is under construction with plans for completion by the first half of 2025. The second submarine cable plant will feature vertical continuous vulcanization (VCV) facilities for producing export cables and HVDC cables and is currently undergoing the final stages of review for site selection.

In other news, Taihan announced that it has won three significant power grid projects in the U.S. worth approximately $93.5 million.

A press release said that the orders represent “a substantial milestone” for the company, which specializes in manufacturing and supplying cables and solutions for power grids and other infrastructure projects. One of the projects calls for ultra-high voltage cable while the other two are for medium-to-low voltage cable.

The ultra-high voltage project, valued at around $32.4 million, is located in the eastern U.S., and involves constructing a 345 kV power grid for a new semiconductor plant in New York State. The other two projects are in the Los Angeles area of western California. One of those is a long-term project to supply medium-to-low voltage cables over three years. With this latest achievement, TC&S has secured over $237 million orders. The U.S. government’s initiatives and investments in upgrading and expanding the power grid further underscore the strategic importance of (our) projects.

South Korea’s LS Cable & System (LS C&S) will supply submarine cables worth approximately $207 million for the world’s first artificial energy island.

A press release said that the landmark project, Princess Elisabeth Island, is being constructed by Belgian power company ELIA in the North Sea, about 45 km off the coast of Belgium. “It is set to revolutionize the way renewable energy is managed and distributed.”

The submarine cables will play a crucial role in the island’s function, which is to store, distribute, and manage electricity generated from a 3.5 GW offshore wind farm. Once completed in 2030, Princess Elisabeth Island will serve as a hub for regulating energy supply between the mainland, the U.K. and Denmark. The island will be equipped with power conversion stations, energy storage systems, and grid connection facilities, ensuring a stable and efficient transmission of electricity between the artificial island and the mainland.

“We will be the first cable manufacturer to gain experience in constructing submarine cables for an artificial energy island,” the release said. “This will enhance our competitiveness in securing large-scale artificial island projects that Denmark and other countries are planning.”

Artificial energy islands are innovative solutions designed to manage and optimize the distribution of renewable energy generated from offshore sources. The global shift towards renewable energy is a critical context for this event, as countries around the world invest in renewable energy infrastructure to combat climate change and reduce greenhouse gas emissions. Projects like Princess Elisabeth Island are part of this broader effort.

The geopolitical aspect of energy distribution is also significant. The artificial island will connect energy grids between Belgium, the U.K., and Denmark, highlighting the collaborative efforts in Europe to create a more integrated and resilient energy network. This project not only marks a significant milestone for LS Cable & System, a South Korean company specializing in cable manufacturing, but also showcases their capabilities in producing and installing submarine cables for complex, large-scale projects.

As the project progresses, LS Cable & System’s involvement in Princess Elisabeth Island will likely pave the way for future opportunities in the renewable energy sector, enhancing their position in the global market and contributing to the ongoing transition towards sustainable energy solutions.

Prysmian is expanding its facilities at its production site for submarine cables in Kirkkonummi, Finland.

A press release said that YIT, a Finnish construction and development company, will expand four hall buildings and build a new material warehouse in the area, covering an area of 26,000 sq m. The project, estimated to cost approximately €35 million, is scheduled for completion in June 2026.

YIT was previously used for the implementation phase partner for the cable tower project last summer. The tower, which reached its ridge height of 185 meters at the end of last year, is set to be completed in the summer of 2025. “We are pleased to continue our cooperation with YIT in the expansion of Prysmian’s submarine cable center of excellence and factory production capacity in Pikkala,” said Ferdinando Quartuccio, country CEO of Prysmian Group Finland. “The contract now signed is a natural continuation of the ongoing cable tower construction project, which has progressed according to plan and on schedule.”