Sonatrach inks agreement with US’s Hecate Energy on renewables: Algerian state-owned oil company Sonatrach and US-based Hecate Global Renewables Energy (HGR Energy) signed an MoU to explore opportunities for renewable energy production in Algeria, according to a press release (pdf). The agreement includes conducting a feasibility study for a project, followed by another study on using the energy obtained for green hydrogen production.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Tunisia approves EBRD loan: Tunisia’s cabinet has approved a loan agreement from the International Bank for Reconstruction and Development (IBRD) to finance the country’s Emergency Response to Food Security Project. (TAP)
  • Egypt will assemble electric buses: Egypt’s Kastour for Trade and Industry has partnered with Chinese automaker Foton to assemble electric buses. The project will start sometime in the second half of 2024. (AlMal)
  • UK + Saudi universities team up to research AI’s role in sustainability: Academics from the UK’s Northumbria University and King Fahd University of Petroleum and Minerals (KFUPM) are conducting a year-long research project on how AI can enhance sustainability in the construction industry. Their findings will be utilized to reduce waste from construction sites in Saudi Arabia and the UK. (Statement)
  • More green aluminum deals for Oman: Sohar Aluminium and OmanAluminium Processing Industries (OAPIL) signed an MoU to explore and partner on manufacturing low-carbon green aluminum and recycling aluminum scrap. The agreement was signed on the sidelines of the first Aluminium Recycling Forum held in the Sultanate earlier this year. (Times of Oman)
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