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Author Archives: enterpriseam admin
Posted inEARNINGS WATCH
Fertiglobe reports 82% y-o-y plunge in 2Q 2023 bottom line
A rocky 2Q for Fertiglobe: Fertiglobe — a UAE-headquartered urea and ammonia exporter and MENA’s largest producer of nitrogen fertilizers — reported a 82% y-o-y decline in adjusted net income attributable to shareholders in 2Q 2023 to USD 79 mn on the back of lower sales volumes and prices, according to its earnings release (pdf). […]
Posted inCLIMATE DIPLOMACY
Algeria, Zimbabwe discuss mining + renewables and KSA approves agreement with Egypt to work on renewables + green hydrogen
Algeria, Zimbabwe looking to join forces on mining and renewables: Algeria’s Energy and Mining Minister Mohamed Arkab and Zimbabwe President Emmerson Mnangagwa discussed increasing cooperation and joint investments in renewable energy, mining, and grid infrastructure, according to cabinet statements (here and here). The Algerian government has set out a target to reach a 22 GW […]
Posted inALSO ON OUR RADAR
Iran is drafting a national hydrogen strategy as it seeks to replace fossil fuels
Iran is drafting a national strategy to increase its use of hydrogen energy, IRNA reported earlier this week, citing statements by the country’s Deputy Energy Minister Mahmoud Kamani. The minister said that Iran’s Renewable Energy and Energy Efficiency Organization is currently drafting the document, which will then be sent to the ministry for approval. Kamani […]
Posted inAROUND THE WORLD
Political instability in Niger could threaten global uranium supplies
Political instability in Niger could threaten global uranium supplies: The coup in Niger and its implications for the country’s role as a major uranium producer are causing international concern as more countries turn to nuclear power as a source of clean energy, The National writes. Niger — which supplies around 5% of the world’s uranium […]
Posted inCALENDAR
AUGUST 2023 20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden. 21-22 August (Monday-Tuesday): International Conference on Recycling and Waste Management, USA. 21-22 August (Monday-Tuesday): International Conference on Environmental Sustainability and Climate Change, USA. 29 August-1 September (Tuesday-Friday): Third meeting of the COP27 Transitional Committee, Dominican Republic. SEPTEMBER 2023 4-6 September (Monday-Wednesday): Sustainable Maritime Industry […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: COP28 is officially happening in the UAE + Adnoc and Occidental will explore opportunities in direct air capture
Good morning, ladies and gents. It’s a busy issue this morning with lots of ground to cover, but first… IT’S FINALLY OFFICIAL- COP28 President-Designate Sultan Al Jaber and the UNFCCC Executive Secretary Simon Stiell signed the host country agreement for COP28 yesterday, according to a statement. “We will work together to make COP28 the most […]
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Posted inCARBON CAPTURE
Adnoc, US-based Occidental will explore opportunities in direct air capture
A potential UAE-US cooperation on CCS? State oil giant Abu Dhabi National Oil Company (Adnoc) has signed a strategic collaboration agreement with Occidental Petroleum to explore potential investment opportunities in carbon dioxide capture and storage (CCS) hubs in the UAE and US, they said in separate statements (here and here) yesterday. The details: Under the […]
Posted inSOLAR
KSA’s Ajlan & Bros. form a JV with Israel’s SolarEdge to expand Saudi solar
A Saudi-Israeli renewable energy joint venture is here: Saudi’s Ajlan & Bros Holding (ABH) has formed a JV with Israeli renewable energy solutions provider SolarEdge to deploy smart renewable energy solutions in the kingdom, according to a statement. The JV will offer Saudi companies a range of solutions from SolarEdge’s portfolio including energy generation, storage, […]