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Raad Esmat Al Saady (LinkedIn) has been appointed as Acwa Power’s vice chairman and managing director, succeeding Suntharesan “Paddy” Padmanathan (LinkedIn), who stepped down from his position as vice chairman, the company said in a Tadawul disclosure yesterday. Padmanathan will continue to serve as executive board member. Al Saady previously served as chairman of Saudi […]
Tadweer, LanzaTech collaborate on a waste-to-energy facility: US-based carbon recycling company LanzaTech signed an MoU with the Abu Dhabi Waste Management Company (Tadweer) for a partnership agreement that would see both firms explore the possibility of establishing a waste to sustainable aviation fuels conversion plant, according to Wam. The planned conversion facility could also see […]
Sustainable fashion startups are turning to algae-based dyes and inks to combat the use of fossil fuel-based dyes, Bloomberg reports. Algae is less water-intensive than materials typically used in garments and has the added benefit of sucking CO2 from the air, possibly making it a climate-positive material. Algae-based materials are gaining traction in the region: […]
FEBRUARY 2023 21-23 February (Tuesday-Thursday): World Environment, Social and Governance (ESG) Summit, Dubai, UAE. MARCH 2023 7-9 March (Tuesday-Thursday: Middle East Energy Exhibition, Dubai World Trade Center, Dubai, UAE. 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 […]
Good morning, wonderful people. We’re inching closer to the weekend and the green finance news doesn’t seem to be abating on this fine Wednesday morning. THE BIG CLIMATE STORY- UAE’s Abu Dhabi National Energy Company (Taqa) plans to issue “several USD hundred mn” of green bonds in 2023 for specific projects as part of its […]
UAE state-owned Abu Dhabi National Energy Company (Taqa) plans to issue “several USD hundred mn” of green bonds in 2023 for specific projects, Taqa CEO Jasim Husain Thabet tells Bloomberg. No details were given on which projects specifically were being tapped for investment, or the detailed timeframe of any green bond issuances. It’s all part […]
Masdar, IFC boost deployment of renewables in EMs: Renewables company Masdar signed an agreement with the International Finance Corporation (IFC) to bolster generation capacity from renewable energy sources in emerging markets, according to a statement. The agreement will cover collaboration on green hydrogen development, renewable energy distribution, and the development of innovative tech, the statement […]
Brazil’s Vale reacquires its shares in Vale Oman: Brazilian mining group Vale repurchased its 30% stake in Vale Oman from Omani state-owned energy investment company OQ, Oman News Agency reports. The acquisition leads Oman-based Vale Oman to be wholly owned by foreign investors. The stake transfer process is expected to be finalized before the end […]
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