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Ma’aden delivers first blue ammonia shipment to Europe: Saudi mining company Ma’aden has delivered its first blue ammonia shipment to Europe through the Black Sea port in Bulgaria, the company said last Tuesday. The shipment — purchased by Bulgaria’s leading fertilizer producer Agropolychim — is part of the company’s efforts to provide low-carbon fertilizers for […]
Author Archives: enterpriseam admin
Posted inUncategorized
Posted inDEBT WATCH
Acwa Power secures USD 100 mn credit facility from China Construction Bank to scale up operations
Acwa Power is getting a helping hand from the Chinese: Saudi renewables giant Acwa Power has secured a USD 100 mn revolving credit facility (RCF) from Chinese state-owned lender China Construction Bank, according to a statement released last Tuesday. The RCF will allow Acwa Power to boost its power and water generation portfolio across the […]
Posted inDEBT WATCH
Germany’s KfW extends EUR 54 mn debt swap agreement to Egypt
Egypt to unlock EUR 54 mn debt swap from Germany: Germany has agreed to exempt Egypt from paying debts of EUR 54 mn after the German development bank KfW signed a debt swap agreement with Egypt’s international cooperation and electricity ministries as well as the Central Bank of Egypt, according to a statement from the […]
Posted inGREEN AMMONIA
Greece’s Naftomar will purchase 400k tons of green ammonia annually from Dai’s plant in Egypt
Greece’s Naftomar inks green ammonia offtake agreement with Dai: Greek petroleum and ammonia distribution company Naftomar signed an agreement with German consulting and infrastructure company DAI Infrastruktur (Dai) to purchase 400k tons of green ammonia per year from it’s Egyptian plant, according to a statement (pdf). The agreement will see Naftomar purchase the green ammonia […]
Posted inGREEN HYDROGEN
Project update: Hyport Duqm Consortium will deploy up to 4 GW of renewable power in green ammonia plant in Oman
Agreement inked for Hyport green hydrogen project in Oman: The Hyport Duqm Consortium — a JV between DEME Concessions and OQ Alternative Energy — has signed an agreement with Oman’s state-owned Hydrom to build a green hydrogen production facility to produce some 1 mn tons of green ammonia, according to a statement. The project will […]
Posted inMOVES
UAE appoints new sustainability ambassadors ahead of COP28
The UAE has appointed two new sustainability ambassadors ahead of hosting of COP28, The National reported last Tuesday. Ali Al Shimmari (LinkedIn) and Abdulla Al Remeithi are tapped to promote sustainable practices under a one-year contract, with the duo set to provide research support and advise on best sustainable practices for the public and private […]
Posted inCLIMATE IN THE NEWS
A booming renewables industry hikes the demand for silver + the world is in need of upgraded electrical grids to shoulder the energy transition
Growing solar power industry hikes silver demand: The global solar panel manufacturing industry’s demand for silver is expected to make up 14% of annual global silver consumption in 2023 up 9% from 2014 levels, Bloomberg writes, citing a report by The Silver Institute. Silver is used as a conductive layer for the front and back […]
Posted inALSO ON OUR RADAR
France’s Assystem tapped to conduct studies for seven planned solar parks in Neom + Egypt speeds up plan to have 42% of energy generated by renewables
Seven solar parks coming to Neom? KSA’s Neom has appointed French engineering services group Assystem to conduct several pre-development studies for seven planned solar parks in Tabuk and Duba, a statement by the French company read last week. The planned parks could have the potential to generate over 20 GW in solar energy capacity, the […]
Posted inAROUND THE WORLD
World Bank extends USD 1.5 bn for India’s renewables and Spain gets ambitious with its green hydrogen production
World Bank extends USD 1.5 bn for India’s renewables: The World Bank Group approved a USD 1.5 bn financing package to help India achieve its USD 100 bn National Green Hydrogen Mission for 2030, according to a statement released on Thursday. The capital injection will help India upscale its renewables and green hydrogen projects as […]