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A New York-based fashion startup has created biodegradable leather from shrimp shells, Bloomberg reports. TômTex, the two-year-old startup pioneering the technology, also uses mushroom waste, coffee grounds, and other biomaterials with the dual aim of using biodegradable materials for garments and upcycling marine waste. TômTex also makes pleather (plastic fabric that looks like leather), suede, […]
Author Archives: enterpriseam admin
Posted inCALENDAR
MARCH 2023 7-9 March (Tuesday-Thursday): Middle East Energy Exhibition, Dubai, UAE. 8-9 March (Wednesday-Thursday): Earthna Summit, Doha, Qatar. 14-16 March (Tuesday-Thursday): Arab Aviation Summit (AAS), Al Hamra International Exhibition & Conference Centre, Ras al Khaimah, UAE. 15-19 March (Wednesday-Sunday): Qatar International Agricultural and Environmental Exhibition, Doha, Qatar. 22-24 March (Wednesday-Friday): K.ey - The Energy Transition […]
Posted inWHAT WE’RE TRACKING TODAY
TODAY: Oman’s renewable energy projects could get US financing boost
Good morning, friends, and welcome to Enterprise Climate’s 100th issue. We hope you’ve enjoyed reading our regional round-up of all things climate industry-related and beyond. It's been a pleasure so far and we look forward to continuing for years to come. THE BIG CLIMATE STORY- The US Export-Import Bank could provide Oman with USD 500 […]
Posted inUncategorized
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Posted inCLIMATE FINANCE
Oman’s renewables could get financing boost from the US EXIM Bank
Oman could get US financing for renewables investment: The US Export-Import Bank (EXIM) could provide Oman with USD 500 mn in financing to purchase a range of US goods and services including in the renewable energy sector under an MoU signed last week, the export credit agency said Thursday. The agreement will see the two […]
Posted inSOLAR
Masdar + Taaleri inaugurate Jordan’s largest solar project
Masdar + Taaleri Energia inaugurate solar park in Jordan: UAE renewables firm Masdar and Finland-based investment management company Taaleri Energia have inaugurated the 200-MW Baynouna Solar Park in Jordan, according to a statement out Saturday. The project was developed via a power purchase agreement between Masdar and Jordan’s state electricity provider, the National Electric Power […]
Posted inM&A WATCH
Masdar acquires a stake in Indonesian geothermal firm Pertamina
Masdar makes an entry into geothermal energy: Emirati renewables giant Masdar has acquired shares in the geothermal unit of Indonesia’s state-owned energy firm Pertamina, according to a company statement. The value and size of the stake were not disclosed. About Pertamina Geothermal: The state-owned energy company is one of the world’s largest producers of geothermal […]
Posted inAutomotive
UAE automaker M Glory Holding to establish EV factories across MENA
UAE’s M Glory wants to set up EV assembly plants across MENA: UAE-based car manufacturer M Glory Holding plans to establish three electric vehicle production factories across MENA in Egypt, the UAE, and Jordan with an investment ticket of USD 550 mn, WAM reports. The agreements signed come as part of a raft of industrial […]
Posted inEARNINGS WATCH
EV maker Lucid Group revenues rise 32% in 4Q 2022
Lucid Group reports 32% q-o-q increase in 4Q 2022 revenue but is yet to break even: US-based EV manufacturer Lucid Group reported a 32% q-o-q increase to USD 258 mn in its 4Q 2022 revenue, up from USD 196 mn in 3Q 2022, according to its recent earnings release. Lucid’s 4Q 2022 revenue saw a […]
Posted inCLIMATE IN THE NEWS
Antiquated US grid connection system is slowing the renewables momentum
US investment in renewables is growing rapidly, but grid connection spells problems: Despite record US investment in low-carbon technologies — spurred by President Joe Biden’s landmark climate bill, the Inflation Reduction Act (IRA) — plans are failing to translate into action due to the outdated grid systems delaying projects, according to a New York Times […]