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July 3, 2023

200 RMG plants shut since Rana Plaza tragedy

More than 200 garment factories have shut down in Bangladesh since the country’s worst industrial disaster prompted a massive clean-up of the world’s second-largest textile sector, an industry group said Thursday. The closures have cost tens of thousands of jobs and led to a fall in exports, raising worries about the $24.5 billion industry—the key economic mainstay for the impoverished nation of 155 million people, reports AFP. ranaplazaThe Bangladesh Garment Manufacturers and Exporters Association (BGMEA), which represents 4,500 factories and compiled the figures, said the industry was going through a painful transitio...

Algae company partners with Bangladesh fish feed venture

Algae company OriginOil is partnering with Algasol Renewables on a large-scale algae fish feed production venture. The company has developed in the past a Electro Water Separation (EWS), a high-speed, chemical-free process to clean up large quantities of water; and it is planning to provide the technology to the low-cost algae growth system from Algasol Renewables. fishThe integrated system will launch at Algasol’s new facilities in Bangladesh — a large-scale demonstration of micro-algae production for fish feed. “With our technology showcase in...