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Posted inWASTE MANAGEMENT
KSA’s Saudi Investment Recycling Company establishes a JV for organic waste management
KSA’s SIRC forms a JV for organic waste recycling: The Saudi Investment Recycling Company (SIRC) is forming a JV with KSA’s Edama Organic Solutions to explore sustainable solutions for organic waste management, according to a statement. The venture aims to convert over 1 mn tons of organic waste into soil amendments — materials mixed into […]
Posted inINVESTMENT WATCH
PIF solidifies backing for KSA’s EV sector with new investment company Tasaru Mobility Investments
PIF establishes new investment company focused on EVs: Saudi Arabia’s sovereign wealth fund the Public Investment Fund (PIF) has launched a new investment company, Tasaru Mobility Investments, focused on strengthening the local supply chain for electric and autonomous vehicles, according to a statement. The company will partner with both local and global private sector companies […]
Posted inSOLAR
Is the UAE eyeing a solar energy project in Georgia?
A proposed pilot project for a solar farm in Georgia is reportedly in the works with the UAE, Khaleej Times reports, citing statements by Georgia's Vice PM and Economy and Sustainable Development Minister Levan Davitashvili. “We expect significant potential investments from the UAE into Georgia. For example, currently, we are working on renewable energy projects. […]
Posted inALSO ON OUR RADAR
The UAE’s Sheraa sets up a fund to invest in greentech startups, Mubadala Capital closes second investment fund in Brazil and KSA joins the Global CCS Institute
GREEN INVESTMENT- UAE’s Sheraa launches investment fund for greentech startups: UAE state-backed Sharjah Entrepreneurship Centre (Sheraa) is launching a fund to invest in potential start-ups in a number of sectors, including clean technology and sustainability, the center’s chief executive Najla Al Midfa told The National. The center aims to finance sectors that do not draw […]
Posted inAROUND THE WORLD
Italy’s engineering firm Rina begins development of its 100% hydrogen-powered steel facility for open testing
Rina begins construction on its green steel open testing facility: Italian-based engineering research and consulting firm Rina has officially kicked-off its six-year EUR 88 mn Hydra project which aims to build a fully hydrogen-powered green steel plant to be used as an open testing facility for steel makers around the world, according to a statement. […]
Posted inCLIMATE IN THE NEWS
El Niño and climate change are threatening global cocoa supplies
Winter evenings are about to get sad: The scant precipitation levels and dry conditions associated with the El Niño weather phenomenon, coupled with the effects of climate change, threaten the productivity of the world’s major cocoa production centers and will likely drive cocoa producers to seek green pastures in higher altitude regions, CNBC writes. El […]
Posted inCALENDAR
OCTOBER 2023 9-15 October (Monday-Sunday): World Bank/IMF 2023 Annual Meetings, Marrakech, Morocco. 16-17 October (Monday-Tuesday): Duqm Economic Forum, Duqm, Oman. 16-18 October (Monday-Wednesday): Climate Week, Rome, Italy. 16-20 October (Monday-Friday): UNCTAD World Investment Forum, Abu Dhabi, UAE. 18-20 October (Wednesday-Friday): Morocco and Belgium business meeting on green hydrogen, Tangiers, Morocco. 17-18 October (Tuesday- Wednesday): Critical […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Maersk and Egypt reach a preliminary agreement on Zafarana wind farm stake sale + Morocco buys EUR 200 mn of sustainable bonds from World Bank
Good morning, wonderful people. We have a light and brisk issue for you this morning as we inch closer to the weekend. THE BIG CLIMATE STORY- Danish shipping giant Maersk has reached a preliminary agreement with Egypt on the acquisition of a 51% stake in the 545 MW Zafarana wind farm, a government source told […]
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