EQS-News: UET United Electronic Technology AG launches new business area for sustainability and takes over plantation in Africa
UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, is opening a new business area for capturing and storage of carbon dioxide (CO2) and production of biological energy sources and takes over the majority in a plantation for sustainable forestry.
- UET United Electronic Technology AG (ISIN: DE000A0LBKW6), Eschborn, is opening a new business area for capturing and storage of carbon dioxide (CO2) and production of biological energy sources and takes over the majority in a plantation for sustainable forestry.
- For this purpose the UET is aquiring a 51% stake in the African Plantation for Sustainable Development (APSD Ltd), based in Ghana, Africa.
- To fully digitalize the business process, the UET Group will build a private 5G network on the 32,000 hectares to fully cover the plantation.
- This initiates and builds a future-oriented business with strong growth potential in the Sustainability & Circular Economy business segment, that was launched a year ago by the UET Group.