STARTUP WATCH-

Nestle, EEA, and Engazaat to support green startups: Egypt’s Entrepreneurial Awards (EEA) has partnered with Nestle Egypt and Engazaat to back green startups in Egypt, according to a statement. The selected startups will be integrated into Nestle’s sustainable business model and finalists of the EEA Sustainability Award will be offered a chance to join Nestle Egypt’s value chains, according to Fintech Gate. Engazaat will also collaborate with qualified startups to establish the first agricultural facility using clean technology.

Engazaat 💚 clean tech: Engazaat partnered with SCZone and Chinese smart energy solutions Chint Global to establish an integrated industrial complex for green energy technology in SCZone last year. Feasibility studies for the 2 mn sq meter project are expected to conclude this year.

DECARBONIZATION-

Honeywell and Samsung E&A partner to combat power plant emissions: American conglomerate Honeywell and Korean construction and project management company Samsung E&A have launched a joint initiative to reduce carbon emissions in the global power plant sector, according to a press release. Using Honeywell’s advanced solvent carbon capture technology, the partnership aims to help power plants meet environmental targets and combat climate change. Honewell expects to mitigate about 320 mn metric tons of CO2 emissions by 2030.

POLICY-

Kuwait begins drafting urgent afforestation plan: Kuwait’s Supreme Committee for Green Urban Development Initiative is drafting an afforestation plan involving government bodies, the private sector, and academic institutions, Arab Times reports. The initiative will plant trees across public spaces to reduce temperatures, minimize dust, and improve agriculture.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

  • Fiat EVs hit Egypt’s streets next year: The Egyptian local agent for Fiat Dynamics will introduce the automaker’s EVs in Egypt next year. (Zawya)
  • ABB E-mobility opens its first regional facility in Qatar: Qatar Freezones Authority, ABB E-mobility, and Ashghal have launched a new ABB E-mobility facility focusing on training for EV charging infrastructure in Umm Al Houl Freezone. (Qatar News Agency)
  • FarmERP awarded sustainability award: Digital agriculture platform FarmERP has nabbed the UAE Technology Excellence Award. The award is given for innovation across various industries, with FarmERP receiving the accolade in the Agritech category. (Statement, pdf)
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