Aluminium Bahrain secures green financing for solar: Bahrain-based aluminum smelter Aluminium Bahrain secured a BD 1.6 mn (USD 4.2 mn) green loan from the Bank of Bahrain and Kuwait to finance its planned 6 MW solar project, Zawya reports. The project — which will span nearly 37k square meters — will see Aluminium Bahrain install some 11.3k solar panels atop its car parks, buildings, and treatment plants.

KSA launches incubator for emerging mining explorers: Saudi Arabia’s Industry and Mineral Resources Ministry has launched the Nuthree incubator to support students, researchers, and SMEs working in the mining sector, according to a statement. The initiative aims to facilitate knowledge exchange between established companies and startups, provides resources for geological data, and workshops in the fields of earth sciences. Nuthree will also support companies and individuals in obtaining a mining exploration license.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Egypt’s Shift EV is set to convert Electrolux Group’s vehicles into a more sustainable fleet of electric vehicles as a part of the group’s strategy to lower emissions. Trials to convert larger trucks with a capacity of 2 tons are set to begin by the end of 4Q 2023. (Statement)
  • Oman’s Transport Ministry launched the first combined diesel-hydrogen combustion truck in the sultanate in collaboration with Blue Eyes, a local R&D company. The new design is expected to reduce emissions of CO2 by 40% by August 2023. (Times of Oman)
  • Egypt’s Hassan Allam Utilities is forming a JV with Kuwaiti supply chain company Agility to build green logistics parks in Egypt. (Statement)
  • Peugeot will supply DHL Middle East with a fleet of light commercial electric vehicles. Both companies will roll out the net-zero cars in the UAE, before expanding into other MENA countries including Bahrain, Jordan, Saudi Arabia, and Kuwait. (Statement)
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