Galt Global Review

QFS 360

July 27, 2005
business digest


UK & EU ROUNDUP
Compiled by Faye Mallett

headlines:
Norway Builds Global Seed Bank
Swedish Biogas Train Marketed in India
France Wins Bid for Nuclear Reactor

Norway Builds Global Seed Bank
Norway will develop a safety net for key global food supplies by collecting agricultural seeds for a depot on its remote Svalbard Islands in the Arctic, the government announced.

The Arctic seed bank, which will open next year, is intended to protect the genetic materials of critical world food crops from such threats as plant epidemics, climate change, war and natural disasters, a foreign ministry news release said.

"The depot will be unique in the world," the ministry said in a statement. "The depot will have examples of seeds that are already stored in gene banks in other parts of the world, and will serve as an extra safety net for the world's food supplies."

Norway will operate the seed depot as if it were a bank vault. Much like a bank account, countries can put seeds in and take them out whenever they want to.

The Svalbard Archipelago, 500 kilometres north of the mainland, was selected because of its remote location, cold climate and permafrost.

Swedish Biogas train marketed in India
Swedish makers of the world's first biogas train hope to market it in India, where vast stretches of rail tracks use diesel engines in the absence of electricity.

Biogas train "Amanda" has been jointly developed by Tekniska Verk, a Swedish biogas company, and Swedish railways subsidiary EuroMaint.

The prototype has been built by replacing the diesel motors in a 25-year-old engine with modern gas-driven motors, the same used in some of the biogas-driven buses. A biogas train can driven for 600 km, running at a maximum speed of 135 km per hour. Sweden’s first biogas train will go into service later this summer.

Biogas is renewable, and it reduces carbon dioxide emissions by 98 percent as well as nitrogen oxides and hydrocarbons by two thirds compared to diesel.

Bjorn Sunden, executive vice president, EuroMaint, says that India is exploring eco-friendly energy sources, with buses and taxis running on compressed natural gas in capital New Delhi.

Said Sunden: "We are on the threshold of a great advance in industrial revolution. I feel just like (automobile innovator) Henry Ford must have felt nearly a century ago."

France wins bid for nuclear reactor
France recently defeated a bid from Japan and signed a deal to site the world’s first nuclear fusion reactor.

The project will seek to turn seawater into fuel by mimicking the way the sun produces energy. It would be cleaner than current nuclear reactors and would not rely on enriched uranium fuel or produce plutonium.

Yet critics argue it could take at least 50 years before a commercially viable reactor is built, if at all. The project began in 1958, but challenges in financing have caused prolonged delays. One of the biggest challenges facing scientists is to build a reactor that can sustain temperatures of about 100 million Celsius for long enough to generate power. “The engineering is very difficult,” Ian Fells of Britian’s Royal Academy of Engineering told The New York Times. “If we can really make this work there will be enough electricity to last the world for the next 1,000 to 2,000 years.”