US Sanctions Chinese, UAE-Based Companies Over Sale of Iranian Petrochemicals
The United States on Dec. 16 said it has imposed sanctions on several companies that have been involved in the export of Iranian petrochemical products, accusing them of financing Iran’s Islamic Revolutionary Guard Corps-Qods Force and its terrorist proxies.
The U.S. Department of Treasury said in a press release that it clamped down on United Arab Emirates-based companies Alpha Tech Trading FZE and Petroliance Trading FZE; and Chinese-based companies Donghai International Ship Management Ltd. and Petrochem South East Ltd.
“These China- and United Arab Emirates-based companies have provided [Triliance Petrochemical Co. Ltd.] with critical shipping services or conducted financial transactions on behalf of the company, enabling Triliance to continue brokering and moving Iranian petrochemical exports,” the department said in a release.
17 December, 2020 Source: ICIS
The US has blacklisted on Wednesday four companies based in China and the UAE for facilitating exports of Iranian petrochemicals.
Sanctions were imposed on UAE’s Alpha Tech Trading FZE and Petroliance Trading Fze; and China’s Donghai International Ship Management Ltd and Petrochem South East Ltd for facilitating sales of Iranian petrochemicals by Hong Kong-based Triliance Petrochemical, which was blacklisted in January 2020.
“These China- and United Arab Emirates-based companies have provided Triliance with critical shipping services or conducted financial transactions on behalf of the company, enabling Triliance to continue brokering and moving Iranian petrochemical exports,” the US Treasury said in a statement dated 16 December.
December 16, 2020
Washington – Today, the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) designated four entities for facilitating the export of Iranian petrochemical products by Triliance Petrochemical Co. Ltd. (Triliance), an entity designated by Treasury in January 2020. These China- and United Arab Emirates-based companies have provided Triliance with critical shipping services or conducted financial transactions on behalf of the company, enabling Triliance to continue brokering and moving Iranian petrochemical exports. Iranian petrochemical sales are an important revenue source for the Iranian regime, generating wealth for its corrupt leaders and financing a range of nefarious activities, including the proliferation of weapons of mass destruction and their means of delivery, support for foreign terrorist groups, and a variety of human rights abuses, at home and abroad.
Casella Waste publishes sustainability report
The company outlines its environmental progress and commits to achieve 10 goals by 2030.
Casella Waste Systems Inc., Rutland, Vermont, published its 2020 Sustainability Report on Dec. 15. The report outlines the company’s progress toward its sustainability goals and shares a road map for the next 10 years.
“We have spent most of our 45-year history building a business around sustainability through the work we do, the infrastructure we build, and the expertise we bring to challenges like recycling and resource management,” John Casella, chairman and CEO of Casella Waste, says. “We have set our sights on creating a sustainable business culture from our people to our operations and creating more sustainable value, especially for our customers, but for all our stakeholders as well.”
Connecticut waste to energy facility to close after failing to secure financing
The Hartford facility will force the state to send waste to out-of-state landfills.
The closure date is dependent, in part, on future operational and maintenance costs.
MIRA represents 51 municipalities in Connecticut. The organization, which was created by the state in 2014, is the successor of the Connecticut Resources Recovery Authority (CRRA). The CRRA was created in 1973 to help the state divert material from landfill through the development of a network of resource recovery facilities.
MIRA’s board took an initial vote to close the Hartford plant earlier this year and transition it to a transfer station after financing prospects and subsidies for the organization dried up. The facility has recently suffered from mechanical failures and other issues due to its age. The state rejected a $330 million proposal to upgrade the aging trash incinerator earlier this year.