WATER TREATMENT-

Alkhorayef bags O&M contracts for sewage treatment plants: Alkhorayef Water and Power Technologies signed SAR 1.7 bn long-term operation and maintenance contracts with the National Water Company for four sewage treatment plants, according to a Tadawul filing released on Thursday. Alkhorayef will design, test, commission, operate, maintain, then hand over the existing Al Hafuf 1, Al Oyun and Al Omran plants and establish the new Al Hafuf 2 plant. The rehabilitation process for the plants is set to raise the plants' capacity to 472k m3/day and will be completed in 36 months over two phases.

Not their first sewage venture: Alkhorayef also signed a five-year operation and maintenance contract for King Saud bin Abdulaziz University for Health Sciences’ sewage treatment plant in 2022.

SOLAR-

Egypt getting a mixed-power generation center: Egypt's TEDA has inked a cooperation agreement with China’s electric utility company Zhejiang Energy International to build a power generation center that will rely on various sources of energy, according to a statement on Friday. The center will include a 400 MW/220 KV substation, a 200 MW gas-fired power station, and a 100 MW photovoltaic power station. The statement did not disclose the value or timeline of the project.

RECYCLING-

DMB launches new recycled aluminum rods: The UAE’s Ducab Metal Business (DMB) has introduced green aluminum rods to its portfolio to align itself with the EU’s CBAM regulation, according to a statement released on Thursday. The rods are manufactured using recycled aluminum to slash carbon emissions. Aluminum is a highly recyclable material and each ton of recycled aluminum saves 9 tons of CO2 emissions and 4 tons of bauxite, the statement notes.

About DMB: Established in 2020, DMB is a subsidiary of Emirati manufacturing business Ducab Group, according to its website. The company supplies copper and aluminum solutions made in the UAE worldwide.

AGRICULTURE-

Tabuk to establish hydroponic greenhouses for Neom food company: Saudi Arabia’s Tabuk Agricultural Development Company (TADCO) has inked an MoU to plan, develop construct, and operate hydroponic greenhouses for Topian, Neom’s food company, according to a statement on Thursday. The greenhouses will be located on 100 hectares of land on TADCO’s site in Saudi Arabia’s Tabuk region, and it will be used for the production of fruits and vegetables.The agreement has a period of one year.

About Topian: Neom launched Topian in collaboration with the Ministry of Environment, Water, and Agriculture in December 2023. Topian focuses on climate-resistant agriculture, regenerative aquaculture, and sustainable food supply.

WASTE MANAGEMENT-

Tadweer + Levidian to accelerate landfill decarbonization: The Abu Dhabi Waste Management Center, more commonly known as Tadweer, has struck a partnership with UK-based climate tech firm Levidian to use Levidian’s Loop technology, which separates carbon from methane to produce hydrogen, for decarbonization projects in the UAE and globally, according to a press release. The two companies had already inked an agreement last year to implement a pilot project to decarbonize emissions from Abu Dhabi’s landfills using Levidian’s Loop technology.

CLIMATE FINANCE-

GCFC + Alterra ramp up climate investments in developing countries: The Global Climate Finance Centre (GCFC) and USD 30 bn climate fund Alterra — which was launched during COP28 — will join forces to increase climate investments in emerging and developing economies, according to a statement released on Thursday. The investments will focus on furthering low carbon, sustainable, and climate resilient projects.

REMEMBER- Alterra is making big commitments: The UAE launched Alterra to improve access to climate funding for the Global South. The venture — backed by Lunate Capital — includes the USD 25 bn Alterra Acceleration program to direct institutional capital towards climate investments, as well as the USD 5 bn Alterra Transformation program to provide risk mitigation capital and incentivize investment flows into the Global South. The venture aims to mobilize USD 250 bn in green investments by 2030. Initially, Alterra — along with BlackRock, Brookfield, and TPG — had committed USD 6.5 bn to climate-dedicated funds, some of which are earmarked for 6 GW worth of renewables in India, 1.2 GW of which will start operation in 2025.

GREEN TECH-

EU + GCC launch platform to accelerate green transition: The EU and GCC have launched the EU-GCC Cooperation on Green Transition project to facilitate collaboration in clean energy and climate action, according to a statement released on Thursday. The initiative, unveiled at the World Future Energy Summit, seeks to exchange best practices, promote green policies and technologies, and foster a business environment between green tech companies in the EU and those in the Gulf. The initiative aims to develop the infrastructure, policies, and skills necessary for significantly increasing renewable energy deployment.

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