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The Abu Dhabi National Oil Company (Adnoc) said it has reached a final investment decision to set up one of the MENA region’s largest carbon capture projects, according to a statement. The pioneering Habshan carbon capture, utilization, and storage (CCUS) project will have a capacity to capture and permanently store 1.5 mn tons per annum […]
Author Archives: enterpriseam admin
Posted inINVESTMENT WATCH
Oman Investment Authority invests in US battery firm ONE
US battery firm ONE is getting Omani funds: The Oman Investment Authority (OIA), the sultanate's sovereign wealth fund, will make an undisclosed investment in Michigan-based energy storage company Our Next Energy (ONE), Oman News Agency reports, citing a statement by OIA. What we know: OIA and ONE signed a strategic cooperation agreement aimed at identifying […]
Posted inUncategorized
Posted inSPOTLIGHT
OCI Global-Fertiglobe CEO Ahmed El Hoshy talks about the future of low-carbon shipping and green methanol
What the first green methanol refueling operation in Egypt’s Port Said means for MENA: Last month, Dutch-based chemical producer OCI Global completed a six-hour operation refueling the world’s first green methanol-powered container ship with 500 tons of the green fuel in Egypt’s East Port Said. The refueling operation by OCI Global took place under a […]
Posted inDEBT WATCH
The UAE’s DP World is preparing a blockbuster maiden green sukuk issuance
More green sukuk incoming, courtesy of DP World: UAE port operator DP World is looking to raise at least USD 1 bn from a 10-year USD-denominated green sukuk issuance with initial price guidance of around 150 basis points above US Treasuries, Reuters reports, citing a bank document it has seen. Advisors: Citi, Deutsche Bank, Dubai […]
Posted inCLIMATE DIPLOMACY
Egypt partners with France’s EDF on electrical transmission enhancement and grid upgrades
Egypt partners with France’s EDF on clean energy: Egypt’s New and Renewable Energy Agency (NREA) has signed two cooperation agreements with French clean energy developer EDF Renewables as part of state plans to increase renewable energy generation, enhance electrical transmission capacity, and minimize grid losses, according to a statement. Egypt is currently devising a strategy […]
Posted inALSO ON OUR RADAR
Egypt’s Flat6labs helps raise USD 10 mn for 24 regional startups
Egypt’s Flat6labs helps raise USD 10 mn for startups: Egypt-based seed and early stage venture capital firm Flat6Labs will help raise USD 10 mn in financing for 24 startups operating across several sectors including energy tech and agritech as part of the VC’s StartMashreq Growth Track program, according to a statement(pdf). Under the program, the […]
Posted inCLIMATE IN THE NEWS
A global shortage of technicians could jeopardize the EV industry
A global shortage of technicians is spelling trouble for EVs: A shortage in technicians and independent repair shops globally could put the EV industry in jeopardy due to increased repair and warranty costs for drivers, Reuters reports. Technician training organizations, warranty providers, and repairers see independent repair shops as necessary to make EVs affordable due […]
Posted inON YOUR WAY OUT
A 3D-printed outsole for shoes could help sow seeds on the run
Your trainers could be helping the environment: A chunky and funky 3D-printed outsole for running shoes could help fitness fanatics sow seeds and contribute to urban rewilding, CNN writes. The idea behind the spiky blue outsole dubbed “Rewild the Run” is for feet to transform into vessels for plants and seeds to help them spread […]
Posted inCALENDAR
SEPTEMBER 2023 4-6 September (Monday-Wednesday): Sustainable Maritime Industry Conference, Jeddah, Saudi Arabia. 4-6 September (Monday-Wednesday): Africa Climate Summit, Nairobi, Kenya. 5-7 September (Tuesday-Thursday): Global Water, Energy and Climate Change Congress(GWECCC), Manama, Bahrain. 7-8 September (Thursday-Friday): Annual Regional Sustainability and Development Forum, Cairo, Egypt. 9-10 September (Saturday-Sunday): G20 Heads of State and Government Summit, New Delhi, […]