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Fertiglobe, Dewa, and Emsteel’s net income drops in FY 2024
Fertiglobe’s revenues fell 28% y-o-y to record USD 466 mn
Egypt’s Semadco to set up renewables projects to feed its ammonia plant
The plant will have a production capacity of 1k tons of green ammonia daily
WtE, renewables, and green finance updates from Saudi Arabia, UAE, Egypt, Jordan and Turkey
Stories on our radar this week from around the region
Acwa Power inks green hydrogen corridor agreement with Germany’s SEFE
Acwa Power + SEFE to export 200k tonnes of green hydrogen annually to Europe by 2030
Acwa and Italy’s Snam to cooperate on green hydrogen supply chains
The agreements include green hydrogen development, credit facilities, and investment opportunities
Amea Power to develop a USD 350 mn battery storage project in Egypt
The 1.5 GWh project aims to stabilize Egypt’s renewable grid by storing excess power for peak demands.
SoutH2’s member nations sign intent agreement
The project is slated to use over 65% of repurposed infrastructure, using new materials wherever necessary.
TOP STORIES: Korea’s Lupro heads to Oman for green ammonia exports + Amea lands two BESS projects in Africa
What we’re tracking this week regionally and around the world
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