Announcing Carbon Forward Middle East – more details below.

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TOP STORY

FEATURE: The forgotten legal clause that could unlock EU carbon credits under CORSIA and ETS

An overlooked clause in the EU ETS directive could be used as a way to integrate carbon removals in the bloc’s carbon trading system and unlock credits under the UN’s CORSIA scheme for offsetting aviation emissions, according to policy experts.

INTERNATIONAL

NDCs fall “miles short” of emission cuts to meet Paris goals, UNFCCC warns

Existing national contributions to the Paris Agreement are unsurprisingly inadequate, at most leading to a mere 2.6% decline in global greenhouse gas emissions over the 2020s, according to a UN report released on Monday.

Scientists warn heat is making more of the planet unlivable, offer key insights

Scientists have warned that rising temperatures are making the planet increasingly uninhabitable and pushing the Amazon to the brink of large-scale collapse, offering 10 climate insights and possible ways forward, in a report published on Monday.

Emissions from the wealthiest 1% would exhaust global carbon budget in five months if matched worldwide -report

The global carbon budget would be exhausted in under five months if everyone emitted carbon at the same rate as the world’s wealthiest 1%, according to a report published on Monday.

Net zero by 2050 still unlikely, despite some decoupling of emissions and growth -study

A scenario in which all greenhouse gas emissions released by human activities are counterbalanced by carbon removals is still not in sight, according to new research.

EMEA

EUA winter price outlook hinges on weather, speculative positions in TTF -analyst

The outlook for EUA prices over the coming winter will largely depend on whether natural gas prices can hold on to their recent gains and whether speculative investors continue to hold significant long positions in TTF derivatives, according to an analyst.

New CO2 storage facility in Greece to boost Southern Europe’s CCS ambitions

A carbon storage facility in the Greek city of Prinos received the European Commission’s green light on Monday, raising the country’s profile as a CO2 storage hub as well as Southern Europe’s carbon capture and storage (CCS) ambitions.

INTERVIEW: “We can be first movers on CCS,” says EU fertiliser industry

The European fertiliser industry has made strides on climate in the last 20 years, cutting emissions by nearly 50% since 2005. To tackle the remaining half, two options are available – but neither are cheap or easy, the sector’s EU trade association told Carbon Pulse in an interview.

Analysts cast doubt on Scottish CCS project’s claimed emission cuts

The lifetime emissions of a project to add carbon capture technology to a gas-fired power plant in Scotland could be three to five times higher than reported by the developer, according to estimates by a climate think tank.

EU states can impose national carbon pricing mechanisms alongside ETS2 -lawyer

EU member states will be legally permitted to introduce or maintain their own national carbon pricing mechanisms alongside the bloc’s soon-to-be-launched emissions trading system for buildings and road transport (EU ETS2).

Euro Markets: EUAs rally after losing 3.5% amid cross-market sell-off as buyers hold steady

European carbon prices ended Monday down by 0.9% after rallying from an earlier 3.5% drop amid healthy buying, even as all energy markets fell from the start of the day when geopolitical tensions were judged to be lessening in the wake of Israeli attacks on military targets in Iran over the weekend.

ESA unveils enhanced forest biomass maps to improve global carbon tracking, aid climate goals

The European Space Agency (ESA) has released new global maps tracking above-ground forest biomass, calling it “a stable and open data source” for monitoring carbon stocks.

Uzbekistan sets groundwork for entry into international carbon markets

A two-day seminar organised by a global financial institution and Uzbekistan’s economy ministry discussed the Central Asian country’s participation in international carbon markets, local media reported.

UAE pilot project makes cleaner steel from renewable hydrogen

The United Arab Emirates’ state-owned renewable energy developer and a steel company have completed a pilot project demonstrating the potential for using green hydrogen to produce cleaner steel, they announced on Monday.

AMERICAS

ANALYSIS: Pushback on LCFS amendments persists ahead of upcoming board vote

California regulator ARB’s second 15-day notice for Low Carbon Fuel Standard (LCFS) amendments remains contentious ahead of the upcoming vote in November, as it falls short of addressing concerns laid out in prior drafts, commenters said, with opposition further fuelled by residents’ fears that the programme would raise retail gas prices.

Canada Growth Fund proposes to fund major CCS project in Alberta oilsands -media

Canada’s C$15 billion ($10.9 bln) public investment fund has made an offer to finance carbon capture and storage (CCS) technology for the fossil fuel industry, media reported Monday.

RGGI Market: RGAs inch lower amidst illiquidity, programme review muddles

RGGI allowance (RGA) dipped downwards over the last week as activity remained muted, with the market continuing to await clarity on proposed programme review updates.

ANALYSIS: RGGI’s Third Program Review modelling updates under fire

RGGI states released feedback on proposed programme review changes, with compliance entities questioning modelling inputs, leakage considerations, and consumer impacts of higher ambition, while investors and environment justice groups pushed back against cost containment plans and delayed implementation.

ART programme publishes another Brazilian state’s J-REDD concept

The Secretariat of the ART carbon credit standard announced Monday it has published another Brazilian state’s concept under its TREES jurisdictional certification programme.

ASIA PACIFIC

AU Market: ACCU project registration soars in Q3, regulator data shows

A record number of Australian Carbon Credit Unit (ACCU) projects were registered in the third quarter this year, according to regulatory data.

Australian tech company launches carbon credit platform at Melbourne conference

A new platform to add transparency to carbon credit purchases in Australia was launched Tuesday at the Climate Market Institute’s (CMI) Australasian Emissions Reduction Summit in Melbourne.

China should introduce uniform price auctions to national ETS, say researchers

China should introduce a uniform price auctioning mechanism to its national emissions market, with an initial auction share of 3%–10% and predictable reserve prices to balance equity, efficiency, and administrative costs, a research paper has suggested.

Climate watchdog releases draft guide to prevent greenwashing

Climate watchdog RimbaWatch has released a draft guide that aims to define what practices constitute greenwashing in Southeast Asia.

Singapore company launches carbon neutral LNG product

Singapore’s H2G Green Limited launched two LNG projects aiming to decarbonise the emissions-heavy commodity.

Conservatives come to power in Australia’s Queensland, promising to keep coal power plants open

Australia’s Queensland has elected its first Liberal-National government in almost a decade after state elections on Saturday, promising to repeal the state’s renewable energy target of 80% by 2035 and to keep coal-fired plants open.

VOLUNTARY

VCM Report: Buyers mopping up renewable and REDD credits on the cheap

Low ball bids dominated the voluntary carbon market last week, eyeing up the pressure on sellers amid the glut of avoidance credits.

Two Finnish firms partner to test carbon nanofibers in concrete

Two Finland-based low-carbon technology companies have signed a commercial agreement to evaluate how carbon nanofibers might improve the strength of concrete and lower its carbon emissions, the firms announced on Monday.

MRV research funding should prioritise biomass sinking, enhanced rock weathering -study

An October study attempts to shed light on how research and innovation funding for monitoring, reporting, and verification (MRV) should be prioritised for CO2 removal (CDR) projects.

Biogas tech provider acquires dMRV firm

A biogas technology provider serving the agricultural sector has acquired a digital MRV firm.

COP16 (FREE TO READ)

All our nature and biodiversity articles remain free to read (no subscription required). However, as of Oct. 24 we will require that all readers have a Carbon Pulse login to access this content in full. To get a login, sign up for a free trial of our news. If you’ve already had a trial, then you already have a login.

International panel releases framework for biodiversity credit markets

An influential panel led by the UK and France on Monday released its long-awaited framework to steer and scale the development of high integrity biodiversity markets, advising against secondary markets transactions and ruling out the use of non-local credits for offsetting except for contribution purposes.

BRIEFING – IAPB framework unlikely to prevent international offsetting unless governments step in

Governments need to take urgent action to avoid perverse uses of biodiversity credits, including cross-border offsetting, as the International Advisory Panel on Biodiversity Credits (IAPB) believes its newly launched framework alone won’t be a sufficient safeguard, its co-chairs told Carbon Pulse.

Air New Zealand first to pay into nature token pilot

National carrier Air New Zealand has become the first to pay into a nature-positive co-financing pilot that seeks to channel funds to community restoration initiatives on cyclone-ravaged Maori land.

Philanthropies put over $50 mln on table for high-seas MPAs

A group of major philanthropies on Monday announced they will contribute $51.7 million towards creating marine protected areas (MPAs) in international waters under the UN High Seas Treaty.

Almost 4 of every 10 tree species threatened, major assessment finds

Almost 40% of tree species covered by the first Global Tree Assessment released Monday were found to be at risk of extinction, with species at risk in 192 countries worldwide.

Environmental consultancy releases global biodiversity metric

A Denmark-headquartered environmental consultancy on Monday released an open-access metric for measuring the biodiversity value of habitats on sites around the world, with potential applications in corporate disclosures as well as the emerging biodiversity credit market, the company told Carbon Pulse.

NA100 companies at early stage of tackling nature impacts

Most of the Nature Action 100’s (NA100) focus companies are in the early stages of addressing their nature-related impacts, but further action is needed across Indigenous Peoples’ rights, governance, and disclosure, the group has said.

BIODIVERSITY (FREE TO READ)

All our nature and biodiversity articles remain free to read (no subscription required). However, as of Oct. 24 we will require that all readers have a Carbon Pulse login to access this content in full. To get a login, sign up for a free trial of our news. If you’ve already had a trial, then you already have a login.

Data sufficient to get started on reducing nature impacts, guide states

Companies in the mining, property, and industrial sectors should have enough data at hand to take the first step to address their impacts on nature and biodiversity loss, according to a new guide for these industries published Tuesday.

Significant market opportunity for biodiversity-centred agricultural carbon projects in LATAM, Caribbean -report

Carbon credit projects that centre biodiversity in the agricultural sector of Latin America and the Caribbean (LAC) can attract broader investment and meet both climate and biodiversity targets, said a report authored by voluntary carbon market (VCM) proponents on Monday.

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EVENTS

*NEW* Carbon Forward Middle East – Jan. 16-17, Abu Dhabi – Announcing Carbon Forward Middle East in Abu Dhabi, a great new event to explore carbon markets in the MENA region. We’ll be releasing more details about this conference soon. For now, put Jan. 16-17 in your calendar and email info@carbon-forward.com to express interest in attending, speaking, or sponsoring.

Supercritical Webinar – Defining Biochar Quality – Nov. 5, 0900 EST (1400 GMT) – Essential insights for an impact-driven carbon removal strategy. Join Supercritical and panelists from Puro.earth, Isometric, and Exomad Green for this expert-led webinar. In the rapidly evolving landscape of carbon removal, biochar stands out as a method with immense potential. But not all biochar is created equal, and the lack of standardisation makes understanding quality critical for companies committed to having real climate impact. In this webinar, you’ll learn from industry leaders about the characteristics that set superior biochar apart, the tools and methodologies for quality assessment, and emerging trends shaping the future of biochar. Register

Calyx Webinar – How to buy high-quality carbon credits – Nov. 6, 1100 EST (1600 GMT): Buying quality carbon credits in today’s carbon market can feel like an obstacle course full of hurdles and roadblocks, but despite challenges, many sustainability leaders have done this successfully. We gathered experienced carbon market participants from across industries to share their processes, advice and secrets to success. If you’re purchasing carbon credits in the next six months, this is a discussion you won’t want to miss. Register here. If you register but cannot attend live, you will receive an on-demand recording after the webinar.

cCarbon’s Canada Clean Fuels and Carbon Markets Summit 2024 – Nov. 7, Toronto: Canada’s clean fuels and carbon markets face significant uncertainty as policy, regulatory, and market dynamics evolve. To provide clarity, cCarbon is hosting modeling-driven Canada Clean Fuels and Carbon Markets Summit in Toronto for businesses and investors navigating this landscape. The event will begin with a plenary session focused on policy, followed by two specialized tracks exploring clean fuels and carbon markets in depth. With over 40 experts sharing insights and nearly 200 business leaders and regulators in attendance, this summit offers an exceptional networking and learning opportunity for anyone interested in Canadian energy and environmental markets! Find out more

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Job listings this week

• *Chief Commercial Officer, CarbonPool – Zurich
• *Business Development, Carbon Markets (Market Intelligence), RepuTex Energy – Melbourne
• *Carbon NBS Specialist/Manager, NatureCo – Australia/Asia Pacific/Worldwide
• Carbon Finance Associate, Global Carbon Markets, The Nature Conservancy – Any Country with a TNC Office
• Carbon Commercial Director North America, Louis Dreyfus Company – Wilton, Connecticut

*Premium listings

See all listings or post a job

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BITE-SIZED UPDATES FROM AROUND THE WORLD

INTERNATIONAL

Payday – Norway will pay Colombia $20 mln for its work against deforestation, after deforestation rates last year fell to their lowest levels in 23 years, Climate and Environment Minister Tore O. Sandvik announced Monday. The payment follows the $10 mln Norway paid last year, and is part of a string of bilateral results-based payment arrangements Norway has with forestry-rich countries in South America, Africa, and Asia. The minister made the announcement as he travelled to Cali to participate in the ongoing biodiversity COP16.

Ocean observation – The Baku Ocean Declaration has been issued by Ocean Pavilion partners ahead of COP29 in Baku, taking place from Nov. 11-22, which calls on world leaders to make robust, long-term investments in ocean observation, research, and mapping to help achieve key goals of UN conventions on climate, biodiversity, and desertification. The declaration emphasizes the crucial role that knowledge about the ocean plays in the well-being of people and communities, as well as the health of ecosystems worldwide. The ocean has absorbed more than 90% of the excess heat and almost 30% of the excess CO2 caused by human activity, meaning that its continued health decline will exacerbate sea-level rise and rising atmospheric temperatures. Global investment in ocean observing systems has not kept pace with the need for information to guide climate efforts, and the declaration calls for this to be improved.

Let’s CBAM together – The International Association for Carbon Border Adjustment Mechanism (IACBAM) has officially launched to help businesses and stakeholders navigate the complexities of the EU’s CBAM. IACBAM said its mission is to ensure that members’ voices are heard, offering education and training to automate and optimise CBAM processes. “By advocating for importers, suppliers, consultants, and verifiers, IACBAM aims to simplify compliance, reduce concerns, and work directly with the EU to improve the system,” it added.

EMEA

A just gas transition – The European gas industry has walked away from the Just Transition European Framework Agreement designed to provide guarantees for retraining and job protection for hundreds of thousands of workers, in anticipation of large-scale lay-offs caused by the transition away from fossil fuels. The framework would have been legally binding, with people involved in the talks saying that a number of Eurogas members were reluctant to endorse it because of the legal implications, the FT reported. However, Eurogas said that although no formal framework agreement was reached, it hoped it would still be possible to “find meaningful common ground” and that its members remain committed to supporting a just transition for the gas sector.

Solar surge – British households made a record £30.7 mln from rooftop solar panels last year following rising power prices and record installation levels, the Telegraph reports. Ofgem’s Smart Export Guarantee (SEG) scheme allows households to sell electricity back to energy suppliers if they are generating too much to power their homes, and the number of households using the scheme more than tripled last year, rising from 92,946 in 2022. The SEG’s annual report said 238 GWh were exported through the scheme last year, almost four times that of 2022 and equivalent to powering 88,198 homes for a year. Yet participating households receive just a fraction of what they pay for electricity, with basic schemes paying an average of 5.7p, compared to the 24.5p at which households buy electricity under the current energy price cap.

Pressing on regardless – Oil continues to be extracted at Horse Hill well in Surrey, southern England despite a landmark Supreme Court judgement in June which ruled that the planning application for the well had been unlawful. The ruling had huge ramifications for other fossil fuel projects because, for the first time, the emissions caused by burning the fuel to be extracted, had to be taken into consideration. However, the Supreme Court ruling quashing the planning permission could be reversed by Surrey county council, if it shows consideration for the climate, the Times reports.

Green advantage – The EU’s introduction of the Carbon Border Adjustment Mechanism (CBAM), which will be fully effective in 2026, may offer a competitive advantage to manufacturers in the Middle East who are investing in carbon-reducing technologies, said industry observers. For example, in the UAE, Emirates Global Aluminium (EGA) sells its green aluminium to European automotive manufacturers while Masdar has partnered with Emirates Steel Arkan to decarbonise the steel sector and produce green hydrogen. By decarbonising production, companies will have a better position than other regions of the world when trading with Europe, said Spyros Kouvelis, team leader of EU-GCC cooperation on the green transition project. Countries in the Gulf Cooperation Council (GCC) need to put in place an appropriate monitoring, reporting, and verification system to track how much carbon is emitted in production in order to allow low-carbon products to circulate more freely, he said. Under new regulations to be enforced in the UAE, organisations there will have to calculate their GHG emissions. (AGBI)

ASIA PACIFIC

Case begins – The alleged greenwashing case between Australian oil and gas company Santos, and a shareholder activist group kicked off in the Federal Court on Monday, the ABC reported. The Australasian Centre for Corporate Responsibility (ACCR) launched the case in 2021, alleging that Santos engaged in deceptive and misleading conduct toward investors when it claimed it would reach net-zero emissions by 2040 and its blue hydrogen projects would be emissions-free. In its opening statement Santos barrister, Neil Young, argued no reasonable investor would have believed the company had every detail of its plan to reach net zero ready to be deployed. The trial will run for around three weeks.

Facilitating the Facility – New Zealand has announced a commitment of NZ$20 mln to the Pacific Resilience Facility. The facility is a fund designed by Pacific nations for nature-based solutions, disaster preparedness, and loss and damage response projects. NZ Deputy Prime Minister Christopher Luxon said the facility would help ensure Pacific Island countries would have access to the climate finance they need and urged other nations to contribute.

We’ve got your back – South Korea’s industry ministry has hosted a briefing session to help domestic companies prepare for the EU’s Carbon Border Adjustment Mechanism (CBAM), according to Yonhap. The government plans to operate a support channel for companies facing difficulties related to CBAM and offer tailored support for exporters, the ministry said.

Partnerships – Japanese project developer Green Carbon has signed a partnership agreement with over 14 agricultural cooperatives in Hokkaido to create J-Credits from rice paddies, the company said Monday. There are around 1.4 million hectares of rice paddies in Japan, of which Hokkaido alone accounts for about 103,000 ha (7.3% of the total), making it the prefecture with great potential, Green Carbon said. Meanwhile, environmental solution provider Bywill recently secured a partnership with the government of Iga City, Mie Prefecture, to create and distribute environmental value such as J-Credits.

AMERICAS

SEC fine – The US Securities and Exchange Commission (SEC) is fining financial services firm WisdomTree $4 mln in greenwashing fines and failing to comply with an investment strategy it advertised as incorporating ESG factors, reported ESG Dive. The New York-based asset manager will pay the civil penalty for making misstatements about the investment strategy of three exchange-traded funds – WisdomTree International ESG Fund, the WisdomTree Emerging Markets ESG Fund, and the WisdomTree U.S. ESG Fund. According to the SEC order, prospectuses issued for the three ESG-marketed funds from Mar. 2020 to Nov. 2022 stated the funds would not invest in companies involved in certain “controversial” products and activities, such as fossil fuels and tobacco. However, the SEC found that the funds invested in companies in those sectors, including natural gas extraction, coal mining, and transportation companies, as well as those that participated in the retail distribution of tobacco products. Last month, the SEC announced it was disbanding its climate and ESG enforcement task force, noting that responsibility would now be spread across the entire enforcement division and telling Carbon Pulse it will continue its efforts to combat misleading or false claims around ESG.

CO2 transport partnership – Carbon capture developer 1PointFive announced an agreement Monday for a CO2 transportation network to support the Bluebonnet Sequestration Hub that 1PointFive is developing in southeast Texas. Under the Transportation Services Agreement, once 1PointFive provides notice, Enterprise will develop a new pipeline network and provide fee-based transportation services to 1PointFive to transport CO2 emissions captured by third parties at facilities in the vicinity of the Houston Ship Channel to 1PointFive’s Bluebonnet Sequestration Hub. The new pipeline network will be co-located with existing pipeline infrastructure. Last month, 1PointFive, a subsidiary of oil firm Occidental, secured up to $500 mln in funding from the US Department of Energy’s Office of Clean Energy Demonstrations (OCED) to support the development of its South Texas Direct Air Capture Hub. The firm has also signed offtake deals with the likes of Microsoft, AT&T, and Boston Consulting Group, amongst other buyers.

More space for H2 – Researchers at the National Energy Technology Laboratory and the University of California San Diego recently completed a study finding that hydrogen can be geologically stored without altering shale caprock. “These initial studies suggest that the extent of reactions activated by hydrogen with caprock is minor under the temperature and pressure conditions that would represent underground hydrogen storage,” researchers wrote in their recent paper. These findings suggest that hydrogen could be stored in more subsurface formations than just salt dome caverns, a known underground hydrogen storage option. This could mean that, because salt caverns only exist in a limited number of locations, underground hydrogen can be stored in a wider array of regions.

DAC here, DAC there – Project Cypress, a direct air capture (DAC) project in Louisiana developed by Climeworks and Battelle, will construct its DAC hub from the North to Southwest regions of the state, the project developers announced Monday. The project leverages $50 mln in investment from Climeworks, matched by $50 mln from the US Department of Energy, with total funding of up to $603 mln from the agency. Stakeholders have told Carbon Pulse that the developers have yet to reach a final decision on CO2 storage, amid caution from academics and community members regarding the future of the DAC industry in the region.

Carbon credit legislation – The legislative assembly of the Brazilian state of Tocantins approved a law last week to incentivise the production of carbon credits, according to a press release. The law aims to enable the acquisition of carbon credits in the state by either public or private initiative. It establishes rules, management instruments, and resources to be defined within various social, economic, and governmental sectors, and also provides for training for municipal services. The bill was authored by Deputy Eduardo Fortes (PSD).

Brazilian biomethane bucks – Brazil’s National Bank for Economic and Social Development (BNDES) announced Friday that it is allocating R$37.6 mln ($6.6 mln) to energy technology company Geo Biogas & Carbon to expand the production of biomethane and biogas at its Tamboara unit in the state of Parana. The approved financing has R$33.6 mln from the Climate Fund and R$3.9 mln from Finem Padrao B, with the objective of expanding production capacity of biomethane to up to 1,500 cubic metres per hour (Nm3/h) from 70 Nm3/h, as well as biogas to up to 3,500 Nm3/h from 1,750 Nm3/h. In a press release, BNDES said the unit is differentiated by the constant production of biomethane throughout the year, regardless of harvest and off-season.

VOLUNTARY

Lower-CO2 cement – Mexican cement giant Cemex reduced its Scope 1 emissions by 3% and Scope 2 emissions by 4% year-on-year, through an approach it calls ‘reduce before capture’, the company said in its quarterly results on Monday. Cemex was also among the winners of finance from the EU’s Innovation Fund, funded by the EU ETS, receiving €157 mln for a carbon capture project at its cement plant in Rudersdorf, Germany. The project is part of Cemex’s effort to use breakthrough technology to drive decarbonisation from 2030, and aims to capture 1.3 MtCO2 per year from the German plant.

Get on it – Canada is uniquely positioned to adopt marine carbon dioxide removal (mCDR), particularly given that the country’s coastline is the longest in the world, according to a policy brief published by the Waterloo Climate Institute on Monday. The authors urge the federal government to adopt mCDR as a complement to broader climate mitigation efforts, and suggest the development and funding of a national mCDR research strategy, public education and outreach, as well as domestic regulation in alignment with Canada’s international legal commitments, such as the London Protocol.

Get on this too – CDR.fyi has launched the first-ever durable Carbon Dioxide Removal (CDR) Pricing Survey to gather insights on pricing perceptions within the CDR industry. The survey, open from Oct. 28 to Nov. 22, targets both purchasers and suppliers of durable CDR with separate versions for each. It covers 15 CDR methods, including biochar carbon removal, DAC, and mineralisation, and is aimed at gauging optimal pricing and acceptable price ranges for various methods. The survey aims to determine the prices purchasers are willing to pay, the pricing suppliers need to expand operations, and demand signals across methods for 2025 and 2030. Responses will remain confidential, with data reported in aggregate and accessed only by non-conflicted team members. Results will be published post-survey, with a full report available to survey respondents and CDR.fyi premium users. The initiative seeks to provide essential pricing benchmarks to support carbon removal market growth.

AND FINALLY…

Bottle job – Pharmaceutical container and closure producer Bormioli Pharma has partnered with biopharmaceutical company Chiesi to supply Carbon Capture polyethylene terephthalate (PET) bottles. The bottles will be used for packaging a medication that is intended for prophylaxis and treatment of various types of rhinitis, and will offer a 21.9% reduction in CO2 emissions compared to traditional PET without compromising on safety, as the extractables’ levels are similar to those found in standard PET, according to a Oct. 23 press release. The production of Carbon Capture PET involves a process where CO2 emissions are captured and converted into BioMEG, a crucial component for making PET, through fermentation. The bottles are recyclable, and the supply partnership represents the first time a Carbon Capture bottle will be used for pharmaceutical purposes, Bormioli Pharma said.

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