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Author Archives: enterpriseam admin
Posted inRENEWABLES
Saudi Arabia may invest in up to 5 GW worth of renewables projects in Turkey
Is Saudi Arabia eyeing renewables projects in Turkey? Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar says Saudi Arabia is looking to establish renewable energy projects in Turkey that would yield between 4-5 GW, Turkish newspaper Daily Sabah reports. Bayraktar did not provide details on the projects in terms of the type of renewable energies […]
Posted inRENEWABLES
Hyundai E&C will build a transmission line connecting KSA’s Neom to Tabuk and Yanbu
Hyundai will build KSA’s Neom transmission line to Tabuk and Yanbu: Hyundai Engineering and Construction Co. — a subsidiary of Hyundai Motors Group — has won a USD 145 mn contract to build a 525 KV high-voltage direct current (HVDC) transmission line connecting Saudi Arabia’s net zero city Neom to cities across the country, The […]
Posted inEARNINGS WATCH
KSA’s Sabic takes a plunge in 2Q 2023 on the back of a sales squeeze
A 2Q to forget for SABIC Agri-Nutrients: Saudi Arabian fertilizer maker Sabic Agri-Nutrients reported a 78.5% y-o-y drop in net income to SAR 651 mn in 2Q 2023 on the back of a fall in sales volumes and prices, according to a disclosure to Tadawul (pdf). Its revenues were down 54% y-o-y in the three […]
Posted inEARNINGS WATCH
Emirates Steel Arkan sees rise in net income in 1H 2023 on back of robust demand
A mixed 1H for Emirates Steel Arkan: The UAE’s largest steel and building materials company Emirates Steel Arkan reported a slight year-on-year increase in net income in the first half of the year on the back of high demand for its steel products, its earnings release (pdf) and consolidated financial statements (pdf) to the ADX […]
Posted inALSO ON OUR RADAR
The Global Carbon Council inks agreement with South Korea’s Climate Change Center on VCM collaboration
GCC signs MoU with South Korea’s Climate Change Center: The Global CarbonCouncil (GCC) has signed an MoU with the Climate Change Center (CCC), a South Korean non-profit organization specializing in climate change responses, to expand the voluntary carbon market (VCM) in South Korea and MENA, according to a statement. GCC will use its background in […]
Posted inAROUND THE WORLD
Germany’s Uniper will triple its clean energy investments by 2030 + China greenlights 6 new nuclear reactors
Germany’s Uniper will triple its clean energy investments by 2030: German state-owned energy company Uniper will invest EUR 8 bn (c. USD 8.8 bn) through 2030 to fund its green transformation strategy, according to a statement. The financing plan — which is triple the company’s annual green investment over the past three years — aims […]
Posted inCLIMATE IN THE NEWS
Natural hydrogen could offer abundant supplies of clean energy — but we don’t know how to tap into it
Geologic hydrogen could offer abundant supplies of clean energy: Geologic hydrogen — naturally-occurring hydrogen believed to be produced deep underground through reactions between ultramafic and mafic rocks with anoxic water — can be found in abundance in layers of continental and oceanic crusts, geysers, and hydrothermal systems, supplying vast amounts of net zero energy source, […]
Posted inON YOUR WAY OUT
KSA’s Neom Nature Reserve welcomes five newborn oryxes
Saudi Arabia records five oryx births at Neom’s nature reserve: The nature reserve of Saudi Arabia’s Neom has welcomed five newborn oryxes, marking the first time in over a century an oryx has been born in the northwestern region of the country, The National reports. The oryx newborns — along with the births of 25 […]
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 […]