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Jeddah Islamic Port cuts 1k tons of emissions by limiting movement: The Saudi Ports Authority (Mawani) is reducing the average movements of cranes per container and truck turnover at its Jeddah Islamic Port, cutting carbon emissions by some 1k tons per year, according to a company statement. The cranes used for manually inspecting containers will […]
Author Archives: enterpriseam admin
Posted inAROUND THE WORLD
China’s electrolyzer manufacturing capacity set to reach 40 GW by 2028
China’s electrolyzer manufacturing capacity is on track to reach 40 GW by 2028 reaching a market value exceeding USD 7.2 bn, Bloomberg reports, citing research by China International Capital Corporation. Green fuel production costs currently stand at some USD 3.00, almost triple the production costs of coal-sourced hydrogen but production costs are expected to achieve […]
Posted inON YOUR WAY OUT
Your bag of munchies could be more eco-friendly in the future
Your snack bag is set to become more sustainable: Snack makers are looking into ways to replace their traditional plastic-made bags with alternative packaging materials that still preserve taste, Bloomberg writes. One alternative pushed by Switzerland-based snack company Cuétara Foods is the use of calcium carbonate (CaCO3), a mineral naturally found in stone and rocks. […]
Posted inCALENDAR
APRIL 2023 6 April (Thursday): Arabia CSR Awards 2022 Clinic (online). 18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE. MAY 2023 1-4 May (Monday-Thursday): Arabian Travel Market, Dubai, UAE. 2-7 May (Tuesday-Sunday): Salon International de l’Agriculture au Maroc (SIAM), Meknes, Morocco. 4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: KSA’s SIIG agrees to buy 24% stake in Danish sustainable protein company Unibio
Good morning, lovely people. The weekend is on the horizon and carbon credits appear to be making a comeback in the regional climate news cycle. Let’s dive in. THE BIG CLIMATE STORY- KSA’s Saudi Industrial Investment Group has signed an agreement to acquire a 24% stake in Denmark’s sustainable protein company Unibio International by investing […]
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Posted inM&A WATCH
Saudi Arabia’s SIIG acquires 24% stake in Danish sustainable protein company Unibio for USD 70 mn
KSA’s SIIG taps into sustainable protein: Saudi Arabia’s privately owned petrochemical company Saudi Industrial Investment Group (SIIG) has signed an agreement to acquire a 24% stake in Denmark’s sustainable protein company Unibio International, according to a disclosure to Tadawul. The acquisition will be made through an investment of c.USD 70 mn in the Danish company, […]
Posted inDECARBONIZATION
UAE’s Blue Carbon partners with Liberia on setting up carbon offsetting frameworks
UAE’s Blue Carbon will help reduce GHG emissions in Liberia: UAE-based carbon offsetting company Blue Carbon signed an agreement with the Liberian government to offset greenhouse gas emissions from the country’s forestry sector, according to Gulf News. Scope of the agreement: The partnership agreement will see Blue Carbon conduct feasibility studies and secure accreditation for […]
Posted inCARBON MARKETS
Qatar’s Global Carbon Council set to issue carbon credits on Egypt’s EGX
Qatar’s GCC is eyeing Egypt’s bourse: Egypt’s stock exchange — the EGX — will list carbon credits issued by Doha-based international provider Global Carbon Council (GCC) on its planned carbon market under a MoU signed by the two sides, it said in a statement (pdf) this week. REFRESHER- The EGX is set to launch Africa’s […]
Posted inMACRO PICTURE
EMs are at risk of falling behind as the green tech revolution revs up
Green tech capabilities and their ability to export climate tech will determine economic inequalities between emerging and developed economies, according to a report released by UN Conference on Trade and Development (UNCTAD) analyzing 166 countries' readiness to use and export 17 frontier technologies. The emerging frontier technologies the report studied — which include renewables and […]