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Posted inUncategorized
Author Archives: enterpriseam admin
Posted inCARBON MARKETS
UAE’s Blue Carbon signs MoU with Zimbabwe to invest USD 1.5 bn in carbon offsetting projects
UAE’s Blue Carbon is looking to create more carbon credits from offsetting projects in Zimbabwe: Dubai-based offsetting company Blue Carbon signed an MoU with Zimbabwe worth USD 1.5 bn to finance forest protection and rehabilitation projects to generate tradable carbon credits, Bloomberg reported on Friday. The project would cover 30k sq miles — or around […]
Posted inAmmonia
India’s first-ever green ammonia shipment lands from Egypt
India imported 37.4 tons of green ammonia shipped from Egypt’s Damietta Port, according to a statement. The shipment — the first to be handled by an Indian port — was imported by Tuticorin Alkali Chemical and Fertilizers (TFL), which is replacing gray ammonia with green ammonia for soda ash production, the statement said, adding that […]
Posted inUncategorized
Posted inSOLAR
One step forward for KSA’s Sudair
Saudi Arabia’s private utility Acwa Power said it has received the Initial Commercial Operation certificate for the first phase of its 1.5 GW Sudair solar PV in the country, according to a disclosure to Tadawul on Thursday. The approval for Group 1 of the project — which represents 50% of the plant capacity — was […]
Posted inCARBON CAPTURE
Oman is getting a DAC and mineralization project
Aircapture and 44.01 are bringing a direct air capture + mineralization project in Oman: 44.01 — an Omani developer of carbon mineralization tech — and Aircapture, a direct air capture (DAC) company, are working on a DAC and mineralization project in Oman, reports Oman Daily Observer. In detail: The companies will break ground on the […]
Posted inM&A WATCH
IHC bids adieu to Adani Group
Abu Dhabi-based International Holding Company (IHC) is offloading its stakes in two Adani Group subsidiaries, IHC said in a disclosure to the ADX last week. The decision, which IHC said is part of its “portfolio rebalancing strategy,” will see two of its subsidiaries — Green Energy Investment Holding and Green Transmission Investment Holding — “dispose […]
Posted inCLIMATE FINANCE
IMF approves USD 1.3 bn climate resilience loan for Morocco
The IMF’s Executive Board signed off on a USD 1.3 bn Resilience and Sustainability Facility (RSF) for Morocco, according to a statement by the multilateral lender. The IMF had reached a staff-level agreement with Morocco last month on the loan. The arrangement follows a separate USD 5 bn Flexible Credit Line arrangement approved (pdf) in […]
Posted inALSO ON OUR RADAR
Adnoc doubles carbon capture goal ahead of COP28
NET ZERO- Adnoc outlines accelerated roadmap to carbon neutrality by 2045: Abu Dhabi National Oil Company (Adnoc) is planning to reach net zero by 2045, instead of its originally planned 2050, and double its carbon capture capacity by 2030, the oil and gas giant said in a statement. The strategy involves an initial investment of […]
Posted inAROUND THE WORLD
A USD 300 mn loan to fund the greening of Chinese coal city + Kenya plans Africa’s largest wind farm
A lending hand to finance the greening of a Chinese coal city: The Asian Development Bank (ADB) has approved a USD 300 mn loan to help “catalyze green and inclusive transformation” in an industrial city in a leading coal-producing province in China, a statement by the bank said on Saturday. The loan for the Changzhi […]