Adnoc, US-based Occidental to explore direct air capture investments

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WHAT WE’RE TRACKING TODAY

TODAY: COP28 is officially happening in the UAE + Adnoc and Occidental will explore opportunities in direct air capture

Good morning, ladies and gents. It’s a busy issue this morning with lots of ground to cover, but first…

IT’S FINALLY OFFICIAL- COP28 President-Designate Sultan Al Jaber and the UNFCCC Executive Secretary Simon Stiell signed the host country agreement for COP28 yesterday, according to a statement. “We will work together to make COP28 the most inclusive UN Climate Change Conference to date,” they said, with Al Jaber adding this year’s UN climate talks will focus on four key pillars: Accelerating the energy transition, bringing amendments to climate finance, focusing on lives and livelihoods and full inclusivity. “Only by rising above our differences and working together can we raise our shared ambition and deliver progress to keep 1.5°C within reach,” he added.

A “peaceful” assembly? Climate activists will be allowed to “assemble peacefully” during COP28, despite a ban on unauthorized protests in the Gulf country. “In line with UNFCCC guidelines and adherence to international human rights norms and principles, there will be space available for climate activists to assemble peacefully and make their voices heard,” the statement said.

THE BIG CLIMATE STORY- State oil giant Abu Dhabi National Oil Company (Adnoc) has signed a strategic collaboration agreement with US-based Occidental Petroleum to explore potential investment opportunities in carbon dioxide capture and storage hubs in the UAE and US.

^^ We have more details on this story and more in the news well, below.

THE BIG CLIMATE STORY OUTSIDE THE REGION- More powerful typhoon batters Asia: Typhoon Khanun has approached Japan’s southern Okinawa yesterday, forcing authorities to urge the evacuation of thousands of residents. The typhoon has forced the grounding of some 900 flights in the popular tourist destination capital of Naha. The storm is expected to bring in torrential rains and high winds through Thursday, and is hitting peak summer tourist season in the area. Japan is usually pounded by typhoons, but later in the year. Typhoon Khanun comes days after an earlier tropical cyclone Doksuri brought death and extensive damage to the Philippines, Taiwan, and China.

Typhoon Khanun is grabbing international headline: Reuters | Bloomberg | The Associated Press | The New York Times | BBC

WATCH THIS SPACE #1- France’s Engie wants in on Egypt’s renewables: French energy company Engie is looking to allocate more investments in Egypt’s green energy and seawater desalination projects in the coming years, North Africa Regional Director Loïc Jaegert-Huber told Al Mal yesterday. Engie is exploring potential investment in green hydrogen production in the country and is seeking to participate in the tender process for several desalination plants powered by renewable energy sources in the country in partnership with Egypt’s Hassan Allam Holding, he said.

And there are some updates on Engie’s wind projects: Jaegert-Huber said Engie’s 500 MW Gulf of Suez 2 wind farm should be connected to the national grid in summer 2024. Full commercial operations are expected to begin in the second half of 2025, he added. The wind farm is being built by the Red Sea Wind Energy (RSWE) — a JV between Orascom Construction (OC), Japan’s Toyota Tsusho Corporation/Eurus Energy Holdings Corporation, and Engie. The JV has achieved financial close for the Gulf of Suez wind farm earlier in April and the consortium signed an MoU during COP27 to build another 3 GW wind farm, with a land allocation agreement pending finalization within weeks.

WATCH THIS SPACE #2- No offtakers for EU green hydrogen: Some 82% of EU-based green hydrogen projects have yet to secure offtake agreements as buyers are cautious of being locked into long-term supply agreements at fixed prices as the sector matures and costs plunge, Bloomberg writes. While wind and solar energy developers ink offtake agreements with companies in advance to secure financing for constructing projects, potential green fuel buyers are wary of making investments in the nascent green hydrogen sector.

Where things stand at the moment: A kilogram of green hydrogen averages between USD 4-5 in places like Spain, Italy and Germany, rendering wind and solar energy more affordable for grid supply, BloombergNEF Analyst Adithya Bhashyam notes. Production costs are projected to drop 57% globally — and as low as USD 2 per kilogram in Europe — by 2030 as prices of green hydrogen technologies and renewable power fall, Bhashyam predicts. Once green hydrogen production falls below USD 2/KG, it will be extremely cost competitive,according to a report (pdf) supported by the European Investment Bank (EIB). As of 2022, global green hydrogen costs stood at some USD 5-6/KG to produce.

In our neck of the woods, Aramco is facing the same offtake hurdle: Difficulties in identifying and securing blue hydrogen off-take agreements in markets like the EU, South Korea, and Japan will reportedly drive Saudi oil giant Aramco to throw its weight behind natural gas exports instead, Aramco CEO Amin Nasser said on an analyst call in May. A lack of government incentives supporting the growth of blue hydrogen — even in developed countries — coupled with high production costs is making it difficult for markets like Japan and South Korea to pursue low-carbon hydrogen, according to Nasser.

CIRCLE YOUR CALENDARS- The Enterprise Finance Forum is taking place on 18-19 September at the St. Regis Hotel in Cairo. This flagship forum is the latest in our must-attend series of invitation-only, C-suite-level gatherings that allow senior members of our community to openly and frankly discuss critical issues in key sectors of the economy.

TAP OR CLICK HERE if you want to express interest in attending. We’ll be sending out the first batch of invitations soon.

Do you want to become a commercial partner? Ping a note to Moustafa Taalab, our head of commercial, or fill out this form and we’ll be in touch.

DID YOU MISS THE ENTERPRISE EXPORTS AND FDI FORUM? Tune in to the Enterprise Podcast and listen for yourself: The Enterprise Podcast is back with another installment of our forum series, where we bring you audio recordings of what was said on stage at the Enterprise Exports and FDI Forum, which took place in May.

WANT TO LISTEN? Head to: Apple Podcast | Spotify | Google Podcast | Anghami. We’re releasing a new episode every Sunday morning.

IN THIS WEEK’S EPISODE- We look at whether industrial clusters — which have been used to great effect elsewhere — can be a way for SMEs to be part of a potential export-oriented economy. Our speakers shed light on where industrial zones are working for us already, how Egypt can leverage clusters to get a bigger slice of that cross-border trade, and how industrial clusters can bring together SMEs to work with larger firms. We were joined on that panel by Shady Williams, managing director of IDG, Mohamed ElGebely, team leader at USAID Trade, and Nada El Ahwal, CSO of Transmar.

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CIRCLE YOUR CALENDAR-

Sweden will host World Water Week from Sunday, 20 August to Wednesday, 24 August in Stockholm. Organized by the Stockholm International Water Institute, the event will bring together policy makers, NGOs, and private sector players to discuss innovative solutions to managing water and how to tackle food security, biodiversity, and climate change.

The US will host the International Conference on Recycling and Waste Management and the International Conference on Environmental Sustainability and Climate Change

from Monday, 21 August till Tuesday, 22 August in Philadelphia. The waste management conference will gather environmental engineers, and recycling, wastewater treatment, and climate researchers to discuss trends and innovations in plastics recycling, wastewater treatment, and renewable energy. The sustainability and climate change conference will bring together researchers and industry leaders to spotlight innovations in environmental science, climatology, renewable energy, and pollution control.

The Dominican Republic will host the COP27 Transitional Committeefrom Tuesday, 29 August to Friday, 1 September. The meeting aims to establish institutional arrangements, modalities, governance structures, and terms of reference for the landmark Loss and Damage Fund. It also wants to expand sources for climate funding under the program.

Check out our full calendar on the web for a comprehensive listing of upcoming news events, national holidays and news triggers.

Adnoc, US-based Occidental will explore opportunities in direct air capture

A potential UAE-US cooperation on CCS? State oil giant Abu Dhabi National Oil Company (Adnoc) has signed a strategic collaboration agreement with Occidental Petroleum to explore potential investment opportunities in carbon dioxide capture and storage (CCS) hubs in the UAE and US, they said in separate statements (here and here) yesterday.

The details: Under the agreement, Adnoc and Occidental will evaluate the development of direct air capture (DAC) facilities in the UAE — including what could be the first megaton DAC project outside of the US — to potentially absorb as much as 1 mn tons of carbon dioxide annually. The two parties will also evaluate the joint development of one or more carbon management hubs in the Gulf country to offer carbon capture services and provide necessary infrastructure to ensure a safe transport of CO2 from the Gulf country’s carbon-intensive sectors for permanent storage in Abu Dhabi’s geological formations.

SOUND SMART- DAC technology refers to the removal of CO2 directly from the atmosphere at any location, rather than carbon capture which is generally absorbed at the point of emissions. Carbon dioxide removed under DAC technologies can be permanently stored in deep geological formations or be utilized in various applications.

Adnoc is aiming to get involved in US projects: Adnoc will explore the possibilities to participate in several DAC and CO2 sequestration facilities in the US that are currently being developed by Occidental’s subsidiary 1PointFive. The US hubs include the under-construction Stratos DAC project — said to be the world's largest DAC plant — which is expected to capture 500k tons of carbon dioxide from the atmosphere annually when fully operational.

Could a similar plant be coming to the region? The DAC plant being assessed in the UAE would use the same technology as Stratos and could make it the first megaton-scale facility of its kind outside the US, the statement added.

All made possible by PACE: The partnership between Adnoc and Occidental comes under the UAE-US Partnership for Accelerating Clean Energy (PACE) which was launched in November 2022. PACE is expected to catalyze USD 100 bn in clean energy and carbon management projects, including CCS and DAC by 2035.

REMEMBER- Adnoc recently revised its net zero plan, targeting to achieve net zero in 2045 instead of an initial plan of 2050. It also plans to achieve zero methane emissions by 2030. Earlier this year, it allocated USD 15 bn to advance and accelerate low-carbon solutions, new energy investments, and decarbonization technologies earlier this year to help achieve its net zero goals.

Carbon capture projects are racking up numbers in the region: The UAE’s state-owned Sharjah National Oil Corporation signed an initial agreement with Japanese trading and investment company Sumitomo Corporation in late July to establish a carbon capture, utilization and storage (CCUS) project in Sharjah. Abu Dhabi’s Mubadala Energy and Indonesian state-owned energy company Pertamina also signed an MoU last month to explore opportunities in CCUS projects in Indonesia. Saudi Arabia’s oil giant Aramco and Norway-based Aker Carbon Capture also signed a agreement last month to explore partnership opportunities to employ CCUS and industrial modularization in the kingdom.

KSA’s Ajlan & Bros. form a JV with Israel’s SolarEdge to expand Saudi solar

A Saudi-Israeli renewable energy joint venture is here: Saudi’s Ajlan & Bros Holding (ABH) has formed a JV with Israeli renewable energy solutions provider SolarEdge to deploy smart renewable energy solutions in the kingdom, according to a statement. The JV will offer Saudi companies a range of solutions from SolarEdge’s portfolio including energy generation, storage, and management. No financial details have been disclosed, but ABH will be a majority shareholder, the statement notes.

In the works for a while? Back in 2022, Times of Israel reported that SolarEdge signed an agreement with ABH to explore investments in renewables. News of the JV comes a day after Israeli Foreign Minister Eli Cohen discussed increasing Israeli ties in MENA with US Special Envoy Dan Shapiro, according to Bloomberg.

About SolarEdge: Founded in 2006, SolarEdge provides intelligent inverter solutions for the photovoltaic industry. The company offers a range of products and services for residential, commercial, and utility-scale solar PV installations including power optimizers, inverters, storage solutions, and a cloud-based monitoring platform. The company has invested heavily in Europe, and also has investments in Australia and the US.

About ABH: Founded in 1979 in Riyadh, Ajlan & Bros Holding is a diversified conglomerate in the MENA region with interests in a wide range of industries including energy, real estate, manufacturing, and retail. ABH has investments across 25 countries with a focus on sustainability projects, especially in Africa.

Saudi Arabia may invest in up to 5 GW worth of renewables projects in Turkey

Is Saudi Arabia eyeing renewables projects in Turkey? Turkey’s Energy and Natural Resources Minister Alparslan Bayraktar says Saudi Arabia is looking to establish renewable energy projects in Turkey that would yield between 4-5 GW, Turkish newspaper Daily Sabah reports. Bayraktar did not provide details on the projects in terms of the type of renewable energies to be employed or how much capital either country would contribute to the projects.

Turkey is expanding ties regionally: Last week, the UAE’s President Mohammed bin Zayed Al Nahyan and Turkish counterpart Recep Tayyip Erdogan inked an agreement that will see both countries pour in “large scale investments” across the renewable energy, green hydrogen, hydroelectric power production sectors, as well as finance transmission projects and battery storage facilities. Both countries also want to expand cooperation on nuclear energy production and emerging technologies including carbon capture, storage, and utilization.

Turkey has big renewables targets: Turkey revealed a new national energy plan in January, increasing the quota of renewable energy generation in its energy mix by 7% by 2035 to 23.7% — up from 16.7% in 2020. The country aims to generate an ambitious 190 GW of clean power by 2035 to help realize its net zero commitment and is eyeing a green hydrogen electrolyzer generational capacity totaling 2 GW in 2030, increasing to 5 GW in 2035.

IN OTHER KSA NEWS- Saudi Arabia and Brazil are partnering on desalination + water treatment: Saudi Arabia’s Investment Minister Khalid Abdulaziz Al-Falih and Brazil’s Vice President and Development, Industry, Trade, and Services Minister Geraldo Alckmin signed 25 MoUs during the Brazilian-Saudi Investment Forum this week to boost bilateral cooperation across the desalination, water treatment, and agriculture sectors, Asharq Al Awsat reports.

Hyundai E&C will build a transmission line connecting KSA’s Neom to Tabuk and Yanbu

Hyundai will build KSA’s Neom transmission line to Tabuk and Yanbu: Hyundai Engineering and Construction Co. — a subsidiary of Hyundai Motors Group — has won a USD 145 mn contract to build a 525 KV high-voltage direct current (HVDC) transmission line connecting Saudi Arabia’s net zero city Neom to cities across the country, The Korea Economic Daily reports. Hyundai will be responsible for the engineering to procurement and construction of the HVDC line under the turnkey agreement.

The details: Hyundai will build a 207 km HVDC line and approximately 450 transmission towers to connect the carbon-neutral, USD 500 bn Neom city to the cities of Tabuk and Yanbu, the news outlet notes. The Korean construction company expects the project to be completed by July 2027.

Made for renewables: The HVDC line will incur fewer power losses than the AC line, making it more stable and able to support the transmission of renewable energies like solar and wind power, the news outlet notes.

HVDC is white hot: HVDC cables are in high demand as countries hasten their transition to renewable energy, but a lack of technical know-how associated with cable production is concentrating HVDC manufacturing to a few companies, which is driving up prices and threatening global supplies, the Financial Times reports.

Neom has been making progress lately: In June, the Saudi Electricity Company and Neom’s water management and utility company Enowa signed an agreement with Zurich-based tech company Hitachi Energy to build a 3 GW, 650 km high voltage direct current (HVDC) transmission system connecting Neom’s floating industrial complex Oxagon to the country’s port city of Yanbu. Earlier in May, Neom awarded a USD 2 bn contract for a rail project linking its floating industrial complex Oxagon to renewable energy-powered The Line city.

KSA’s Sabic takes a plunge in 2Q 2023 on the back of a sales squeeze

A 2Q to forget for SABIC Agri-Nutrients: Saudi Arabian fertilizer maker Sabic Agri-Nutrients reported a 78.5% y-o-y drop in net income to SAR 651 mn in 2Q 2023 on the back of a fall in sales volumes and prices, according to a disclosure to Tadawul (pdf). Its revenues were down 54% y-o-y in the three months ending in June to SAR 2.6 bn. The plunge was fueled by a 46% reduction in average sales prices and a 15% drop in sales volume, the disclosure notes.

Weighing on 1H: Sabic reported a 71% fall in net income in the first half of the year to SAR 1.6 bn. Its revenues dropped 48% y-o-y in 1H 2023 to report SAR 5.4 bn. This came due to a 47% decrease in average selling prices of the company's products and a 2% drop in quantities sold by the company.

Yet, there were some successes during the quarter: The company completed the procedures to acquire a 49% stake in ETG Inputs Holdco in 2Q. ETG focuses on the mixing and distribution of fertilizers in African markets, which the Saudi fertilizers giant said “reflects the company’s focus on growth in the value chain.” It also delivered quantities of low-carbon ammonia to India and Taiwan for the first time under its commitment to achieve carbon neutrality by 2050.

Emirates Steel Arkan sees rise in net income in 1H 2023 on back of robust demand

A mixed 1H for Emirates Steel Arkan: The UAE’s largest steel and building materials company Emirates Steel Arkan reported a slight year-on-year increase in net income in the first half of the year on the back of high demand for its steel products, its earnings release (pdf) and consolidated financial statements (pdf) to the ADX showed. It reported AED 280.5 mn in net income during the first six months of the year, up from AED 279.9 mn in the corresponding period last year. However, its revenues were down 3.9% y-o-y in the first half of the year to AED 4.4 bn.

Leading the growth: Net income from the steel division amounted to AED 224.8 mn during the first half of the year, while its building materials division saw a continued recovery driven by the growth in the UAE construction sector to AED 56 mn from AED 20 mn for the corresponding period last year.

The reasoning: Emirates Steel Arkan said its robust profitability came on the back of a high demand for its steel products, stable margins despite lower commodity steel prices, and the increase in the manufacture and sale of value-added products for both domestic and export markets.

Key highlights during 1H: The leading steel and building materials company said it continued to set up the foundation for a new low-carbon iron supply chain under MoUs signed with Abu Dhabi Department of Economic Development, AD Ports Group, and Japanese ITOCHU and JFE Steel. It also expanded into three markets for steel and was able to export Glass Fibre Reinforced Plastic (GRP) pipes to three projects in France. It also utilized its ES600 innovative low-carbon high tensile rebar steel in two projects in Dubai.

Decarbonization is still a priority: Emirates Steel Arkkan remains committed to meeting its decarbonization and sustainability goals by using clear and renewable energy when possible and entering partnerships with regional and global companies to establish a new low-carbon supply chain in the UAE, Al Remeithi said. The steps come under its efforts to slash its carbon emissions by 40% by 2030 and achieve net zero by 2050, he added.

The Global Carbon Council inks agreement with South Korea’s Climate Change Center on VCM collaboration

GCC signs MoU with South Korea’s Climate Change Center: The Global Carbon Council (GCC) has signed an MoU with the Climate Change Center (CCC), a South Korean non-profit organization specializing in climate change responses, to expand the voluntary carbon market (VCM) in South Korea and MENA, according to a statement. GCC will use its background in international GHG crediting to support South Korea’s issuance of Internationally Transferable Mitigation Outcomes — units of greenhouse gas (GHG) emission reductions or removals that can be traded between countries. The two parties will also explore opportunities for integrating GCC’s Registry with AORA (Alliance for Our Responsible Action) with The South Korean VCM Platform launched by CCC last year.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

More residential solar for Jordanians: Some 4.5k Jordanian households have received support for solar panels and 1.5k for solar water heaters as part of the JOD 10 mn second phase of the Jordan Renewable Energy and Energy Efficiency Fund program. (The Jordan Times)

Germany’s Uniper will triple its clean energy investments by 2030 + China greenlights 6 new nuclear reactors

Germany’s Uniper will triple its clean energy investments by 2030: German state-owned energy company Uniper will invest EUR 8 bn (c. USD 8.8 bn) through 2030 to fund its green transformation strategy, according to a statement. The financing plan — which is triple the company’s annual green investment over the past three years — aims to increase the company’s solar and wind energy generation capacity. Uniper plans to end coal-fired power generation by 2029, decarbonize 80% of its installed power capacity by 2030, and bring forward its carbon-neutrality target by 10 years to 2040.

REMEMBER- Uniper wants to establish a green hydrogen hub in MENA: Uniper signed an agreement with UAE renewables giant Masdar to develop a green hydrogen plant in the Emirates to be powered by 1.3 GW of solar energy last December. The plant is expected to generate green hydrogen by 2026 for export to the EU.

China approves six new nuclear reactors: The Chinese State Council has approved six new nuclear reactors worth USD 17 bn, Bloomberg reports. China’s nuclear generation portfolio is expected to continue expanding, on the back of Beijing approving 10 reactors last year. The move could potentially remedy uranium prices, which doubled since China resumed approvals for nuclear reactors in 2019.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

The US military snaps up eVTOLs: The US Air Force plans to purchase up to six electric air taxis from Archer Aviation worth up to USD 142 million. (Bloomberg)
Aging US grids are struggling with extreme weather: Climate-driven extreme weather is impacting aging US power grids causing an increasing amount of power blackouts per capita. Heat waves this month also led to the country’s largest power grid becoming overloaded due to a spike in AC use, and 40% of the US population are currently facing heat advisories. (Bloomberg)

Natural hydrogen could offer abundant supplies of clean energy — but we don’t know how to tap into it

Geologic hydrogen could offer abundant supplies of clean energy: Geologic hydrogen — naturally-occurring hydrogen believed to be produced deep underground through reactions between ultramafic and mafic rocks with anoxic water — can be found in abundance in layers of continental and oceanic crusts, geysers, and hydrothermal systems, supplying vast amounts of net zero energy source, Bloomberg writes.

What we know: Deposits of geologic hydrogen found in France could produce as much as 3 mn tons of clean energy annually, which would be equivalent to about a third of the green hydrogen Europe is looking to produce by 2030, according to research. Australian natural hydrogen exploration company Hyterra Ltd. believes it could produce a kilogram of the clean fuel at USD 1, bringing it closer to price parity with natgas, Bloomberg notes. Global output of natural hydrogen — also known as white hydrogen — might climb to upwards of 23 mn tons a year, research published by Science Direct notes. The Malian town of Bourakébougou is the first locale globally to be powered by white hydrogen, and wildcatters have found deposits of the gas in Oman, New Caledonia, Canada, Russia, Australia, Japan, Germany, and New Zealand.

What we don’t know: While crude oil extraction technologies date back to the 18th of century and scientists have long understood the origin of the fuel, scientists still remain largely divided on how white hydrogen is exactly formed — most theories revolve around its rise from below the earth’s crust, or through bacterial activity, or various chemical processes, Bloomberg notes. Until researchers are able to ascertain the source of geologic hydrogen, startups and researchers will be unable to tap into the naturally occurring clean energy source.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Can’t have one without the other: An intertwining food crisis and worsening climate change is “undermining hard-won development gains,” a senior UN Official has warned. (The National)

KSA’s Neom Nature Reserve welcomes five newborn oryxes

Saudi Arabia records five oryx births at Neom’s nature reserve: The nature reserve of Saudi Arabia’s Neom has welcomed five newborn oryxes, marking the first time in over a century an oryx has been born in the northwestern region of the country, The National reports. The oryx newborns — along with the births of 25 Arabian sand gazelle fawns and eight Nubian ibex offspring — reflects the success of Saudi Arabia’s planned rewilding initiative in its first breeding season.

Four species of wildlife were reintroduced to Neom’s desert: Oryx, ibex, mountain gazelles, and sand gazelles were reintroduced for the first time in 100 years to Neom’s desert last December as part of the first phase of KSA’s rewilding initiative.

REMEMBER- KSA is earmarking USD 25 mn to protect endangered species as part of its USD 186 bn Saudi Green Initiative (SGI). The Kingdom said last year it will channel USD 25 mn to ensure the longevity of indigenous species including Arabian leopards, ibexes, and oryxes. Under SGI, the Sharaan Nature Reserve will also work to restore 100 hectares of land for ecological rehabilitation projects by 2030. Approximately 82.7k square kilometers will protect some 500 species of flora and fauna including 55 species native to the Arabian Peninsula.

Neom has ambitious wildlife conservation goals: Neom Nature Reserve aims to become home to one of the world’s largest rewilding and re-greening programs, preserving 95% of the region’s land and sea for nature, it said. The program includes the National Center for Wildlife Development wildlife breeding initiative which aims to “restore wildlife abundance, reintroduce rare or locally near-extinct wildlife species and ensure protection of wildlife from illegal hunting.”

CALENDAR

AUGUST 2023

20-24 August (Sunday-Wednesday): World Water Week 2023, Stockholm, Sweden.

21-22 August (Monday-Tuesday): International Conference on Recycling and Waste Management, USA.

21-22 August (Monday-Tuesday): International Conference on Environmental Sustainability and Climate Change, USA.

29 August-1 September (Tuesday-Friday): Third meeting of the COP27 Transitional Committee, Dominican Republic.

SEPTEMBER 2023

4-6 September (Monday-Wednesday): Sustainable Maritime Industry Conference, Jeddah, Saudi Arabia.

4-6 September (Monday-Wednesday): Africa Climate Summit, Nairobi, Kenya.

5-7 September (Tuesday-Thursday): Global Water, Energy and Climate Change Congress(GWECCC), Manama, Bahrain.

9-10 September (Saturday-Sunday): G20 Heads of State and Government Summit, New Delhi, India.

9-20 September (Saturday-Wednesday): 2023 Sustainable Development Goals Summit, New York, USA.

11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.

12-15 September (Tuesday-Friday): WTO Public Forum, Geneva, Switzerland.

18-19 September (Monday-Tuesday): The Enterprise Finance Forum, Cairo, Egypt.

19-21 September (Tuesday-Thursday): World Power-to-X Summit, Marrakesh, Morocco.

28 September (Thursday): International Energy Agency Critical Minerals and Clean Energy Summit, Paris, France.

Chariot Limited and Total Eren’s feasibility study on a 10 GW green hydrogen plant in Mauritania to be completed.

Egypt set to launch alliance to shore up climate financing in developing countries

OCTOBER 2023

4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.

4-5 October (Wednesday-Thursday): Future Sustainability Forum, Dubai, UAE.

8-10 October (Sunday-Tuesday): Saudi Green Building Forum, Riyadh, Saudi Arabia.

8-12 October (Sunday-Thursday): MENA Climate Week, Riyadh, Saudi Arabia.

9-15 October (Monday-Sunday): World Bank/IMF 2023 Annual Meetings, Marrakech, Morocco.

10-12 October (Tuesday-Thursday): Autonomous E-Mobility Forum, Doha, Qatar.

16-18 October (Monday-Wednesday): Climate Week, Rome, Italy.

18-20 October (Wednesday-Friday): Morocco and Belgium business meeting on green hydrogen, Tangiers, Morocco.

17-18 October (Tuesday- Wednesday): Critical Minerals Africa Summit, Cape Town, South Africa.

17-20 October (Tuesday-Friday): Fourth meeting of the COP27 Transitional Committee, TBD.

29 October- 2 November (Sunday-Thursday): Cairo Water Week, Cairo, Egypt

31 October – 2 November (Tuesday-Thursday): World Hydropower Congress, Bali, Indonesia.

NOVEMBER 2023

9-10 November (Thursday-Friday): International Renewable Energy Agency Investment Forum, Uruguay.

9-15 November (Thursday-Wednesday): Intra-African Trade Fair 2023, Cairo, Egypt.

15-17 November (Wednesday-Friday): WETEX and Dubai Solar Show, Dubai, UAE.

16-17 November (Thursday-Friday): World Green Economy Summit (WGES), Dubai, UAE.

15-18 November (Wednesday-Saturday): DEWA’s First MENA Solar Conference, Dubai, UAE.

20-24 November (Monday-Friday) International Civil Aviation Organisation’s Aviation and Alternative Fuels conference, Dubai, UAE.

27-30 November (Monday-Thursday) Abu Dhabi Finance Week (ADFW), Abu Dhabi, UAE.

30 November - 12 December (Thursday-Tuesday): Conference of the Parties (COP 28), Dubai, UAE.

DECEMBER 2023

12-14 December (Tuesday-Thursday): Green Hydrogen Summit Oman, Oman Convention and Exhibition Center, Muscat, Oman.

18-20 December (Monday-Wednesday): Saudi Arabia Smart Grid Conference, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.

FEBRUARY 2024

26-28 February (Monday-Wednesday): Management and Sustainability of Water Resources, Dubai, UAE.

APRIL 2024

16-18 April (Tuesday-Thursday): World Future Energy Summit, Abu Dhabi, UAE.

23-25 April (Tuesday-Thursday): Connecting Green Hydrogen MENA, Dubai, UAE.

EVENTS WITH NO SET DATE

2023

Mid-2023: Oman set to sign contracts for green hydrogen projects.

Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors to close.

Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to be completed.

Saudi Basic Industries Corporation (Sabic) steam cracker furnace powered by renewable energy to come online.

2024

End-2024: Emirati Masdar’s 500 MW wind farm in Uzbekistan to begin commercial operations.

QatarEnergy’s industrial cities solar power project will start electricity production.

2025

International Union for Conservation of Nature World Conservation Congress, Abu Dhabi, UAE.

UAE to have over 1k EV charging stations installed.

2026

UITP Global Public Transport Summit, Dubai, UAE.

1Q 2026: QatarEnergy’s USD 1 bn blue ammonia plant to be completed.

End-2026: HSBC Bahrain to eliminate single-use PVC plastic cards.

2027

MENA’s district cooling market is expected to reach USD 15 bn.

2030

UAE’s Abu Dhabi Commercial Bank (ADCB) wants to provide AED 35 bn in green financing.

UAE targets 14 GW in clean energy capacity.

Tunisia targets 30% of renewables in its energy mix.

Qatar wants to generate USD 17 bn from its circular economy, creating 9k-19k jobs.

Morocco’s Xlinks solar and wind energy project to generate 10.5 GW of energy.

2035

Qatar to capture up to 11 mn tons of CO2 annually.

2045

Qatar’s Public Works Authority’s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm/d capacity.

2050

Tunisia’s carbon neutrality target.

2060

Nigeria aims to achieve its net-zero emissions target.

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