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Zhejiang’s trade in services achievements highlighted

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The comprehensive exhibition hall of Zhejiang is 304 sq meters in area

The comprehensive exhibition hall of Zhejiang is 304 sq meters in area. 

East China’s Zhejiang province has showcased its comprehensive achievements in trade in service sectors to the world at the 2021 China International Service Trade Fair (CIFTIS).

The six-day CIFTIS, which was held from Sept 2 to 7 in Beijing, is this year’s only global comprehensive fair centering on trade in services.

During the event, experts conducted in-depth discussions on strategic and structural issues related to global trade in services.

As the only guest province of honor this year, what has Zhejiang displayed?

The comprehensive exhibition hall of Zhejiang is 304 sq meters in area, four times the size of last year’s fair.

The hall features eight categories including cross-border e-commerce, digital technology, digital communications, blockchain technology and digital medicare.

The comprehensive exhibition hall of Zhejiang is 304 sq meters in area. 

The comprehensive exhibition hall of Zhejiang is 304 sq meters in area. 

A total of 34 leading enterprises and three national-level platforms in the province’s digital service sector have brought their latest technologies and application scenarios for digital trade.

One of the keynote events, “Zhejiang Day” event, was held on Sept 3 to promote international economic and cultural exchanges related to Zhejiang’s trade in service sectors.

The Zhejiang Provincial Department of Commerce and a Beijing-based IT service outsourcing industry association signed a cooperation framework agreement for the Global Digital Trade Expo, which will be held in Hangzhou, capital of Zhejiang province, in the future.

The department also signed a strategic cooperation memorandum with Thailand’s Digital Economy Promotion Agency (depa Thailand).

A signing ceremony for 16 cooperation projects involving Zhejiang companies that are attending the fair was also included. The intended deals were valued at $337 million.

As part of Zhejiang’s efforts to promote its digital trade brands, the 2020 Top 100 Zhejiang Digital Trade Enterprises list was jointly released at the event by the Zhejiang Qiantang Digital Trade Institute, the Zhejiang International Digital Trade Association, the College of Economics at Hangzhou Dianzi University, as well as the Alibaba Business School at Hangzhou Normal University.Seven other activities, including a forum, four online exhibitions and a cooperation seminar focusing on the opening-up of the province’s trade in service sector were held during the 2021 CIFTIS.

Wang Binnan, vice minister of Ministry of Commerce, said that as one of the most dynamic and innovative provinces in China, Zhejiang has distinct feature and highlights in trade in service sectors.

“The Ministry of Commerce will support the province in hosting global digital trade expo and developing trade in services and digital trade to build up a national highland of digital trade,” said Wang.

Latest statistics show that Zhejiang’s digital imports and exports stood at 110.3 billion yuan ($17.09 billion) in the first seven months of this year, up 37.7 percent year-on-year.

The province is to attach more importance to the development of digital trade and become a global digital trade center.

Total digital trade volume is expected to hit 1 trillion yuan by 2025 and 4 trillion yuan by 2035.

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Press Release

Cryptorefills launches x402 payments for AI agents, publishes agentic commerce reference

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USDC payments on Base for AI agents at checkout, alongside open-source documentation of how merchants run agent-driven commerce.

Amsterdam, May 11th 2026, ZEX PR WIRE, 15:00 CEST. Cryptorefills has enabled x402 payments at checkout, allowing AI agents to pay for gift cards, mobile top-ups and eSIMs using USDC on the Base network. The protocol, developed by Coinbase and Cloudflare, lets autonomous software settle stablecoin transactions programmatically. Cryptorefills has also published an open-source operations reference for the merchant operations layer of agentic commerce.

x402 lets a software agent receive an HTTP 402 Payment Required response from a merchant, settle the requested amount in stablecoin, and complete the transaction in a single automated exchange. For Cryptorefills, checkout becomes a programmable endpoint that agents can call directly.

The x402 launch adds a second agent-payment rail to the platform. Cryptorefills released its Model Context Protocol server in October 2025, allowing agents to discover products, build orders, and complete purchases through MCP. x402 addresses a different pattern: the agent calls a Cryptorefills endpoint, receives payment terms, settles in USDC, and completes the request in one round trip. The two rails serve different agent contexts and run in parallel. 

“We shipped x402 and open-sourced our merchant operations work in the same week on purpose. One is a payment rail, while the other is what a merchant needs around it to accept agent traffic. Agentic commerce is happening, and very little about the second part has been written down,” said Massimiliano Silenzi, CEO of Cryptorefills. “We’ve been running stablecoin checkout since 2018, and a lot of what we learned there carries over. We chose to publish what we’ve learned and continue building the rest openly.”

The reference repository, available at github.com/Cryptorefills/agentic-commerce, covers the operations surface that surrounds the protocol stack. Topics include catalogue discovery for agent buyers, settlement reconciliation across chains, quote-and-pricing handling, and delivery confirmations. Documentation is released under CC0; example code is Apache 2.0.

“In the repository we just open-sourced there are nine playbooks, the TypeScript schemas behind them, and five runnable examples. Two of them connect to our live MCP and x402 endpoints, so a developer can clone the repository and watch the agent-merchant exchange execute against production,” said Simonluca Landi, CTO of Cryptorefills.

Cryptorefills serves AI agents through three of the field’s emerging standards: MCP for context, Agent Skills for capability publishing, and x402 for stablecoin settlement. 

About Cryptorefills

Cryptorefills enables people in over 180 countries to spend cryptocurrency on everyday products and services. Categories include gift cards from over 6,600 brands, mobile top-ups across 600 operators, eSIMs, flights across 300 airlines, and stays at over 1 million hotels and properties. The platform supports stablecoin checkout across Base, Ethereum, Tron, Solana, Polygon, and other major networks, alongside Bitcoin and Lightning. It is among the first ecommerce companies to integrate AI-agent payment standards including MCP, Agent Skills, and x402.

Operating publicly since 2018 and headquartered in Amsterdam, Cryptorefills is a member of the Holland Fintech Association and Blockchain Netherlands Foundation.

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Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments

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Collaboration to focus on cost-effective capture and mineralization of biogenic CO₂ in Europe

Korea South, 11th May 2026, SEOUL, South Korea & KORTRIJK, Belgium – South Korea’s ICEnergy and Belgium-based Emicap have partnered to deploy cryogenic carbon capture systems targeting biogenic CO₂ in Europe. The partnership combines ICEnergy’s proprietary capture technology with Emicap’s cryogenic R&D and market access, supported by Emicap’s sister company, LM Engineering, which provides industrial engineering and execution capabilities.

Dr. Sungho Park(icenergy0805@gmail.com), CEO of ICEnergy, stated that he hopes this partnership will enable ICEnergy and Emicap to take a further step toward realizing carbon neutrality in the European market. The collaboration comes at a pivotal moment following the successful demonstration of ICEnergy’s technology. Amid a rapidly expanding European market for biogenic CO₂ solutions, early deployment is critical to secure access to high-quality feedstocks and permanent storage pathways.

ICEnergy recently demonstrated a 10 ton/day cryogenic carbon capture system for both onshore and marine applications. The system converts flue gas CO2 directly into dry ice, avoiding the need for conventional separation and liquefaction steps. A key feature of the electrically driven process is the internal recovery and reuse of cold energy. By recycling this energy, external demand is reduced and consumption is focused on CO₂ conversion, resulting in approximately 30% lower energy use compared to conventional systems, supporting a low lifecycle carbon footprint.

Emicap integrates cryogenic CO2 capture with downstream applications by coupling emission sources from Waste-to-Energy and biomass plants to the carbonation of alkaline industrial residues such as steel slags and fly ash. To ensure seamless site-specific deployment, Emicap applies its cryogenic R&D expertise to tailor ICEnergy’s capture systems for these European industrial plants. This integration enables the permanent storage of CO2 while upgrading captured emissions and industrial residues into supplementary cementitious materials for use in low-carbon construction. By operating across the full value chain, Emicap helps offset capture costs, reducing reliance on institutional subsidies.

The partners are targeting removal of up to 200 kilotons of CO₂ annually by 2035, positioning the collaboration to contribute to industrial-scale, net-negative emissions.

Media Contact

Organization: ICEnergy Co.,

Contact
Person:
Sungho Park

Website:

https://www.icenergy.co.kr/

Email:

icenergy0805@gmail.com

Contact Number: 82313307852

Country:Korea South

The post
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments
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Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

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Press Release

Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments

Published

on

Collaboration to focus on cost-effective capture and mineralization of biogenic CO₂ in Europe

Korea South, 11th May 2026, SEOUL, South Korea & KORTRIJK, Belgium – South Korea’s ICEnergy and Belgium-based Emicap have partnered to deploy cryogenic carbon capture systems targeting biogenic CO₂ in Europe. The partnership combines ICEnergy’s proprietary capture technology with Emicap’s cryogenic R&D and market access, supported by Emicap’s sister company, LM Engineering, which provides industrial engineering and execution capabilities.

Dr. Sungho Park(icenergy0805@gmail.com), CEO of ICEnergy, stated that he hopes this partnership will enable ICEnergy and Emicap to take a further step toward realizing carbon neutrality in the European market. The collaboration comes at a pivotal moment following the successful demonstration of ICEnergy’s technology. Amid a rapidly expanding European market for biogenic CO₂ solutions, early deployment is critical to secure access to high-quality feedstocks and permanent storage pathways.

ICEnergy recently demonstrated a 10 ton/day cryogenic carbon capture system for both onshore and marine applications. The system converts flue gas CO2 directly into dry ice, avoiding the need for conventional separation and liquefaction steps. A key feature of the electrically driven process is the internal recovery and reuse of cold energy. By recycling this energy, external demand is reduced and consumption is focused on CO₂ conversion, resulting in approximately 30% lower energy use compared to conventional systems, supporting a low lifecycle carbon footprint.

Emicap integrates cryogenic CO2 capture with downstream applications by coupling emission sources from Waste-to-Energy and biomass plants to the carbonation of alkaline industrial residues such as steel slags and fly ash. To ensure seamless site-specific deployment, Emicap applies its cryogenic R&D expertise to tailor ICEnergy’s capture systems for these European industrial plants. This integration enables the permanent storage of CO2 while upgrading captured emissions and industrial residues into supplementary cementitious materials for use in low-carbon construction. By operating across the full value chain, Emicap helps offset capture costs, reducing reliance on institutional subsidies.

The partners are targeting removal of up to 200 kilotons of CO₂ annually by 2035, positioning the collaboration to contribute to industrial-scale, net-negative emissions.

Media Contact

Organization: ICEnergy Co.,

Contact
Person:
Sungho Park

Website:

https://www.icenergy.co.kr/

Email:

icenergy0805@gmail.com

Contact Number: 82313307852

Country:Korea South

The post
Emicap, ICEnergy Forge Partnership to Accelerate European Carbon Capture Deployments
appeared first on
Brand News 24.
It is provided by a third-party content
provider. Brand News 24 makes no
warranties or representations in connection with it.

About Author

Disclaimer: The views, suggestions, and opinions expressed here are the sole responsibility of the experts. No Digi Observer journalist was involved in the writing and production of this article.

Continue Reading

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