FEED scope complete for world’s largest carbon capture hub in Saudi

1

WHAT WE’RE TRACKING TODAY

TODAY: A step forward for mega CCS hub in Saudi + More green hydrogen investments for Egypt

Good morning, friends. We have a relatively calm morning on the regional climate news front, but there’s a significant step forward on Aramco’s mega CCS hub and a basket of smaller updates from home and abroad. First, over in the EU…

THE BIG CLIMATE STORY OUTSIDE THE REGION- Right-ward shift of EU parliament means shaky future for climate policy: The European parliament elections on Sunday saw gains made by right wing parties that are known to oppose the bloc’s environmental policies. With the bloc’s greenest elected group wiped out, the fate of new climate policies over the next five years is uncertain but experts expect the Green Deal to stay in motion albeit with weaker implementation. Given that all European laws presented by the European Commission are required to be approved by the European Parliament, the results are expected to impact the progress made towards achieving new zero emissions by 2050, especially as right wing parties recently showed strong opposition to the EU’s 2035 ban on new petrol and diesel cars.

HAPPENING TODAY-

Morocco Energy Week Summit will kick off today in Marrakech and run through to Thursday. The event will gather Morocco's leading energy players, companies and developers alongside financiers and implementation experts to discuss the country’s green transition.

WATCH THIS SPACE-

#1- EBRD eyes major green hydrogen investment in Egypt: The European Bank for Reconstruction and Development (EBRD) is considering investing in a major green hydrogen project in Egypt next year, the bank's Egypt head Khaled Hamza told Al Arabiya. EBRD will announce its new cooperation with the Egyptian private sector in the field of electricity and energy production during an investment conference between Egypt and the EU scheduled for 29-30 June. No other details on the investment were provided.

Could this be for the Fertiglobe project? Egypt said it is getting an electrolyzer plant courtesy of the EBRD after the bank agreed to provide the Fertiglobe-Scatec-OC-SFE ammonia plant with a USD 80 mn loan in November 2022 to build a 100 MW electrolyzer facility powered by renewable energy. The loan came nearly a week after the companies began commissioning the first phase of the 100 MW green hydrogen plant. Upon completion, the facility will deliver up to 15k tons of green hydrogen annually.

Not the first time the European bank eyes Egypt’s hydrogen sector: EBRD and its subsidiary TotalEren signed an agreement for a 300k ton green ammonia facility in Ain Sokhna alongside SME investor Enara Capital in 2022.

EBRD is investing heavily in Egypt’s private energy sector: The bank is focused on the new and renewable energy sector in its investment strategy, especially through cooperation with private companies or financing local banks, Hamza added. Egypt’s Hassan Allam Utilities (HAU) subsidiary HAU Energy BV is raising capital to invest in local renewable energy projects via a partnership with EBRD and infrastructure-focused investment company Meridiam.

#2- Is Taqa’s acquisition of Naturgy dead? Abu Dhabi’s Taqa ended talks with Criteria Caixa over an acquisition of Spanish gas producer and renewables player Naturgy, in which Criteria is the largest shareholder, “without any agreement,” Criteria Caixa said in a filing (pdf) yesterday. The two companies were reportedly looking to “cooperate” on a potential acquisition. Criteria Caixa already owns a 26.7% stake in the company. It’s not clear whether Taqa could still acquire GIP or CVC’s stake in the company, despite the termination of talks between the company and Criteria Caixa.

BACKGROUND- Taqa has been in talks with Naturgy’s largest shareholders — CVC Capital Partners, Criteria Caixa, and Global Infrastructure Partners — to potentially acquire their stakes in the Spanish company.

The transaction was expected to hit resistance: The Spanish government — which is also preventing foreign ownership in “strategic” companies and industries — was reportedly looking to maintain a stake in Naturgy if the acquisition went through. The Algerian government was also reportedly considering blocking the transaction, to protect its stake in the company.

#3- UAE participates in Brics for the first time: UAE Foreign Affairs Minister Sheikh Abdullah bin Zayed Al Nahyan participated in the Brics Foreign Ministers' Meeting in Russia yesterday, marking the UAE’s first time attending the meeting, Wam reports.

Al Nahyan reiterated the need for collective action to address global issues — including climate change, sustainable development, and economic issues in less developed countries — during the meeting, and explored windows for economic integration within Brics in tourism, energy, industry, transport, education, and the blue economy. The minister also called for an immediate ceasefire in Gaza, alongside humanitarian aid delivery and the release of all hostages.

WORTH READING-

Synthesizing research on which policies are most effective is a key priority in climate science, researchers from the Mercator Research Institute in Berlin who are working on a comprehensive review of climate policies said, according to Nature. The initiative by Mercator aims to create an evidence bank that unifies scientific reviews to assess the impact of various climate policies around the world. This effort responds to the urgent need for clarity on which policies best reduce emissions and aid adaptation to global warming. The What Works Climate Solutions Summit in Berlin taking place this week will include a meeting gathering experts to discuss Mercator’s project.

Uses and challenges: The UN's Intergovernmental Panel on Climate Change (IPCC) would benefit greatly from the evidence bank when preparing for its next assessment which is due by 2029. The IPCC has faced challenges in providing detailed insights into policy effectiveness due to the vast amount of climate literature — the researchers analyzed over 400k studies alone — that is growing without integrating evidence review and evaluation approaches. Mercator’s proposed method — which is inspired by medical research — would involve rigorous reviews of policies like carbon taxes and cleaner transport initiatives.

***
YOU’RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world’s most important industry. We’re out Monday through Thursday by 9am in Cairo and Riyadh and 11am in the UAE.

EXPLORE MORE OF ENTERPRISE ON THE WEB — tap or click here to read EnterpriseAM, EnterprisePM, Enterprise Climate, Enterprise Logistics, and The Weekend Edition on our powerful new website packed with reader-friendly features.

Want to subscribe? Get your own subscription without charge here or reach out to us on climate@enterprisemea.com with comments, suggestions and story tips.
***

CIRCLE YOUR CALENDAR-

Spain will host the Connecting Green Hydrogen Europe conference from Tuesday, 25 June to Thursday, 27 June in Madrid. The event will see around 5k attendees including industry leaders, energy ministers, and executives to explore solutions, new technologies, and transformative advancements to advance the hydrogen industry.

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

FEED scope complete for world’s largest carbon capture hub in Saudi

Project Update: FEED completed for Aramco’s carbon capture hub: Scotland-based consulting and engineering firm Wood has finalized the front-end engineering and design (FEED) scope for the first phase of Aramco’s Accelerated Carbon Capture and Sequestration (ACCS) project in Saudi Arabia, according to a statement. The completed designs include greenfield dehydration and compression facilities, and a large pipeline network that will carry emissions to be sequestered in onshore geological storage. The facility is set to be the world’s largest carbon capture project once completed.

The details: Aramco signed the agreement to build the ACCS project back in November 2022. The facility will have the capacity to store up to 9 mn tons of carbon dioxide a year by 2027 and will be located in Jubail. Around 6 mn tons of CO2 will come from Aramco while the rest will be received from industrial sources. The exact timeline or investments for the project were not disclosed.

Part of bigger plans: Aramco plans to store up to 14 mn tons per annum of CO2 equivalent by 2035, the statement said. The firm also has plans to lead a future market for blue hydrogen — a form of zero-carbon fuel made through a process that captures its own carbon emissions. Aramco is planning to produce 11 mn tons of blue ammonia by 2030.

This isn’t Aramco’s first carbon capture venture: The oil giant signed three MoUs with US companies last month which included an agreement with direct air capture startup Spiritus to explore potential investments in direct air capture to help address challenges related to the implementation of the technology due to its high costs. Aramco’s venture capital arm Aramco Ventures also participated in a USD 80 mn funding round for US-based climate tech company CarbonCapture, marking one of the largest investments into the technology. Aramco Ventures invests in green projects globally including carbon capture.

About Wood: Wood — which has an office in Abu Dhabi — focuses on consulting and engineering for energy and materials markets including hydrogen, renewables, and minerals, according to its website. The company is no stranger to carbon capture projects and offers initial concept and feasibility studies, engineering design, and monitoring of pipelines and storage hubs.

What are catastrophe bonds and why are they under threat?

Catastrophe bonds — a cornerstone of last year's hedge fund strategy on the back of high returns — are facing challenges due to unstable and short weather patterns, Bloomberg reported. These bonds, along with other ins.-linked securities, rely on risk models that may not fully account for the increasing frequency of climate change driven weather-related events like wildfires and thunderstorms.

What are catastrophe bonds? Catastrophe bonds — also known as cat bonds — are high-yield debt instruments designed to help ins. companies raise money in the event of a natural disaster. They are also frequently used to mitigate the effects of climate change — which can exacerbate and increase the frequency of some natural disasters — by transferring a specified set of risks from a sponsor, typically an ins. company, to investors. Ins. companies don’t have to pay interest or repay the principal they loaned if a disaster results in a payout from the bond.

The star child is on shaky ground: The USD 47 bn catastrophe bond market was at the heart of the highest-returning hedge fund strategy last year with a 20% value increase, offering high returns to investors including Fermat Capital Management, Bloomberg added. However, the smaller weather shocks fueled by climate change are putting these returns at risk, as the models used to build these bonds may not be able to predict the new breed of high-frequency events.

Without accurate prediction, bond prices will not be reflective of real value: For cat bonds to become common and commercialized in a “climate-themed bond universe,” they would need to reflect the risk of extreme weather brought about by climate change for the price to be adjusted accordingly, Climate Bonds Initiatives explains. “Without accurate climate change forecasts factored in, climate-aware investors may actively avoid purchasing cat bonds given that they do not pay out if extreme events occur,” the initiative writes. To align with climate-aware investment strategies, cat bonds will have to incorporate accurate climate change risk models.

Climate change is making it more difficult to model risks: Current methods need improvement to address climate change, according to catastrophe modeling firm Karen Clark. The company updates models every two years, but challenges include modeling complex weather events and predicting future risks as the climate changes. Researchers are looking for better ways to assess these factors to improve the accuracy of catastrophe models.

Especially for smaller catastrophes which are more difficult to predict: Secondary perils — catastrophes that result in small to mid-sized losses, such as hail, flood, storm or bushfires — are now causing the majority of global ins. losses. In the hottest year on record, these perils accounted for 86% of losses. Mid-sized events with damages between USD 1 bn to USD 5 bn are becoming more common, posing a challenge for both ins.ers and investors. Unlike primary perils like hurricanes, with well-documented historical data, secondary perils are more unpredictable. Wildfires and storms often affect wider areas and evolve rapidly, making traditional risk models ineffective.

But some US companies have improved their methods: Catastrophe bond specialist Elementum Advisors revised its wildfire model based on historical trends that no longer match today's climate reality. After analyzing data from nearly 2 mn US wildfires, Elementum found a higher frequency of areas burned in northern California than the model predicted. This led to more accurate estimates and better negotiation of interest rates on agreements.

Others looked towards AI for accuracy: Catastrophe modeler Verisk Analytics recently revamped their model for severe convective storms — a critical secondary peril — using machine learning to analyze two decades of radar data. The updates allow them to pinpoint “every single point of every single event for 20 years.” The revised model reveals a significant shift in thunderstorm risk, and Verisk predicts climate change will continue to reshape these patterns.

Climate resilient infrastructure is a necessary adaptation method for MENA

Climate resilient infrastructure has been hailed as one of the most effective ways to adapt to climate related disasters, especially in developing countries where the impacts are felt disproportionately, according to a newly published report by the Organisation for Economic Co-operation and Development (OECD). USD 6.9 tn in investments for climate-resilient infrastructure is needed globally if countries were to achieve their climate goals, the report found, adding that governments are currently failing to factor in the impact of climate shocks in its planning and decision making.

What is climate resilient infrastructure? The climate resilience of infrastructure is measured by how well it endures and recovers from the effects of climate change, according to an MIT explainer. Infrastructure must be resilient to all types of climate risks whether chronic or as a shock, according to Infrastructure Pathways. These climate hazards stem from extreme temperatures, water (flooding or drought), and natural disasters — such as wildfires, coastal erosion, and storms — which are all exacerbated by climate change.

There are three main approaches to building with climate risks in mind:

#1- Preparation: Preparation refers to ensuring that building structures can withstand and minimize climate related damages. This includes refurbishment of old buildings from adding storm shutters, all the way to changing to elevating the structure off the ground, bracing structural elements, or switching to fireproof materials.

#2- Adaptation: Adaptation refers to the flexibility needed to respond to hazards that often change and the adaptation of existing and traditional infrastructure systems. That can include flexibility of regulations and the ability for laws to respond to the changing climate such as updating building codes and zoning laws which restrict where structures can be built.

#3- Recovery: Recovery concerns the ability to bounce back from climate disasters. This involves how well the insurance system is integrated and whether there are mechanisms in place to increase the speed of repairs. Indicators include how fast roads can be cleared after a storm, how fast business activity can resume, and how soon students can return to school.

Strong climate resilience infrastructure is necessary in the warming MENA region: The region’s geographical position, and geopolitical and socioeconomic status makes it more susceptible to the effects of climate change, with the UAE and Egypt particularly the most vulnerable, the Carnegie Endowment for International Peace (CEIP) assessed. MENA temperatures have risen an average of 0.46°C per decade in the last 45 years compared to the world average of 0.18°C per decade. Annual temperatures in East and North Africa could rise over 2°C by 2100 and even possibly reach 6°C in some cases. Severe heat can impact infrastructure by affecting the integrity of roads and railways, can cause power outages, and have detrimental health effects that are sometimes fatal, according to the US Cybersecurity and Infrastructure Security Agency.

Green roofs are an option: Green (vegetated) roofs can reduce roof temperature and energy consumption which helps mitigate the effects of extreme heat on buildings, according to a paper in Science Direct. When temperatures rise or fall dramatically, the integrity of buildings is affected but green roofs can help control the heat effects while reducing emissions.

MENA coastal cities are also in danger: Globally, sea levels have risen an average of 1.7 meters annually during the twentieth century and the MENA region is predicted to be severely affected, particularly at port cities like Alexandria where approximately 100 mn people are at risk of flooding. Around 24% of the region’s coastal GDP and 20% of coastal urban areas are vulnerable which is double the global average. The average increase in sea levels by the end of the century is expected to be 29 to 110 cm and Egypt, Libya, Morocco, and Tunisia are the most vulnerable.

But coastal defense techniques could mitigate risks: To deal with coastal erosion, droughts, storms and flooding, coastal defense techniques can be implemented such as dikes, dams, groins, and levees, according to a study (pdf) published in Nature. Because those measures can be expensive to maintain, nature-based solutions such as positioning mangroves or coral reefs for protection are gaining popularity.

There’s not enough being done about it: As of yet, MENA countries have not established comprehensive national adaptation plans (NAPs), which help identify adaptation needs and strategy over the medium and long term based on climate science, CEIP added. However, there have been some efforts made to address the region’s vulnerability — building dams in Morocco to combat drought, optimizing irrigation in Egypt for growing demand, and installing means of coping with heat and humidity in the GCC.

What’s getting in the way of proper resilience measures? A major obstacle to establishing proper resilience plans is a lack of funding. MENA countries have estimated their financial needs for climate adaptation — Morocco will need USD 16 bn by 2030, Tunisia requested USD 4.3 bn, Egypt asked for USD 50 bn, and Jordan expects it will need up to USD 330 mn, the CEIP added. The African Development estimated that North Africa alone would need around USD 280 mn for mitigation and adaptation. However, the countries have had trouble attracting green investments although some funding has been mobilized, mainly for Egypt and Morocco.

The region is also not so great at accurately assessing the risks: MENA countries lack accuracy in their climate change risk assessments, and reduction strategies. Morocco has yet to actually integrate such projects into their development planning and Tunisia’s data is outdated. That — paired with a lack of institutional synchronization — is preventing the region from establishing proper climate mitigation strategies.

We can take a page from others’ book: The US is the most climate resilient country because of its low vulnerability, and ability to direct investments to adaptation, according to the Henley and Partners Climate Resilience Index. Next in the rankings is Germany, the UK, Switzerland, Canada, France, Japan, Australia, South Korea, Norway, Luxembourg, the Netherlands, Italy, Sweden, and Denmark which all make up the higher resilience category.

Volvo’s C40 Recharge is coming to Egypt’s market

Egypt’s first crossover EV: Volvo Egypt, represented by Ezz El Arab Group, is set to introduce its EV models, including the C40 Recharge, to Egyptian roads by year-end, Volvo Ezz El Arab General Manager Noha El Meligy told Auto Agency. The price range for the EV has not been disclosed.

The specs: The C40 Recharge boasts a 549 km electric range, 4.7 seconds acceleration (0-100 km/h), 408 horsepower, and a 27-minute fast charge (10-80%). It also comes with a choice of single or dual motor drivetrains, ample storage space, and smart loading features with a loading capacity of 404 liters.

More to offer: The model has a leather-free interior design and features built-in Google services. It also comes with Volvo in-car apps and remote application services.

Green finance + project updates from Saudi Arabia, UAE, and Morocco

WASTEWATER TREATMENT-

KSA to rehabilitate two wastewater treatment plants in Taif: PIF-owned National Water Company (NHC) awarded Spanish water unit Aguas de Valencia a SAR 555 mn contract to rehabilitate, operate and maintain two wastewater treatment plants in Taif for 15 years, it said in a statement. The plants will have a treatment capacity of 147k m3/day, the statement said, adding that the facilities will have a tariff level of SAR 0.67 per cubic meter.

All under one ambitious plan: The NHC said it has embarked on a plan since the start of the year to offer 113 existing treatment plants to local and foreign investors under efforts to rehabilitate its existing assets. The facilities being offered to the private sector have an overall treatment capacity of 2.4 mn m3/day, according to the NHC. The plan comes under a strategy to open the sector to private investors to help achieve environmental sustainability.

GREEN FINANCE-

The Islamic Development Bank (IsDB) signed a USD 150 mn financing agreement for Tajikistan’s Rogun hydropower plant which will boast a total installed capacity of 3.6 GW when completed, the Jeddah-based multilateral lender said in a post on X. The funds will finance the construction of a 335-meter-high clay core rockfill dam on the Vakhsh River in the Rogun district. The dam will have six turbines of 600 MW each.

The IsDB has emerged as a key backer for the project: Tajikistan’s government said in April that it secured USD 550 mn from the IsDB and other development institutions in the region for the megaproject. It said earlier this year that it needs USD 6.2 bn to complete the project which will help increase the Central Asian country’s energy production and ensure energy security.

GREEN POLICY-

Moroccan think tank PCNS partners with UN to boost sustainable industrial development: Morocco’s Policy Center for the New South (PCNS) and the UN Industrial Development Organization (Unido) have partnered to promote inclusive and sustainable industrial development in developing countries and transitioning economies, Morocco World News. The agreement focuses on collaboration in industrial decarbonization, climate action strategies, and the promotion of circular economies.

Unido’s been active in the region: The Islamic Development Bank (IsDB) signed a joint financing agreement worth USD 60 mn with Tunisia last month to support SMEs in various sectors including renewable and low-carbon energy, USD 10 mn of which comes in the form of a grant under a partnership with Unido. Egypt’s Environmental Affairs Agency also signed an agreement with Unido in March to invest more than USD 3 mn — funded by the UN’s Global Environment Facility — to develop green policy frameworks for Hurghada.

DECARBONIZATION-

Masdar signs the Global Compact initiative: UAE renewables giant Masdar has become a signatory to the UN Global Compact initiative, making it one of 12k companies from 160 countries that have committed to enact environmentally sustainable and socially conscious policies, according to a statement. By signing the initiative, Masdar commits to the Ten Principles of the Global Compact, which cover human rights, labor, the environment, and anti-corruption.

The Global Compact has climate commitments: The Global Compact has launched the Climate Ambition Accelerator, which aims to scale up credible climate action by companies of all sizes, sectors, and regions, enabling them to set and deliver on meaningful commitments to reduce emissions. The Global Compact’s Just Transition Think Lab engages companies on resilience, health, and a just transition, and calls on companies to set science-based targets aligned with limiting the global temperature rise to 1.5 C.

ELECTRIC VEHICLES-

Al Futtaim Electric Transport signs MoU with Uber for battery charging infrastructure: Al Futtaim Electric Transport partnered with Uber to provide drivers with a wide range of electric and hybrid vehicles, Al Khaleej reports. Under the agreement, Al Futtaim Electric Transport company will also provide support to develop the infrastructure for EV battery charging. It will also offer Uber access to its Charge2Moov platform for car charging stations.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Wadi Solar building solar plant at Madayn’s KOM: Oman's Public Establishment for Industrial Estates’ (Madayn) tech arm Knowledge Oasis Muscat (KOM) has partnered with Solar Wadi to establish a 1.4 MW solar PV power plant at KOM. The project, valued at approximately RO 500k and is set to be operational within a year, will be built under a 25-year installation, operation, and maintenance contract. (Oman Observer)
Lush + Waste Lab collaborate on waste-to-resource solutions: Lush Fresh Handmade Cosmetics’ UAE branch has partnered with The Waste Lab to use compostable waste from Lush’s manufacturing facility in Dubai to support local farms, improve soil quality, and bolster regenerative agricultural practices. (Press release)
Egypt parliament considering plan to increase green spaces: Ayman Mohseb, a member of Egypt’s House of Representatives, has called for a national campaign to increase green spaces, with community involvement, to mitigate rising temperatures caused by climate change. Expanding greenery in urban areas will help reduce air pollution and lower temperatures in densely populated areas, Mohseb said. (Khabar Masr)

Hitachi Energy to boost energy transition with multi-bn USD investment + Volvo moves EV production to Europe

Hitachi to sink USD 4.5 bn into energy transition: Hitachi Energy is planning to invest USD 4.5 bn to accelerate the clean energy transition, doubling its investments in manufacturing, engineering, digital, R&D, and partnerships from 2024 to 2027, according to a statement. The move aims to enhance global R&D and manufacturing capacity for transformers, high-voltage products, and power electronics-based solutions. The investment will also support grid automation, software solutions, and services.

Hitachi has a regional presence: The company signed an agreement with Saudi Electricity Company and Neom’s water management and utility company Enowa signed an agreement 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 last year. The company also supplied the equipment to connect Vesta's 250 MW wind farm in Egypt’s Gulf of Suez to the national grid.

Volvo shifts Chinese EV production to Belgium over EU tariffs: Swedish carmaker Volvo, which is majority-owned by China's Geely, is shifting production of its Chinese-made EVs to Belgium in anticipation of an EU crackdown on Beijing-subsidized imports, Reuters reports. This move aims to avoid a halt in sales of Chinese-built EVs in Europe if new tariffs are introduced. The production shift involves Volvo's EX30 and EX90 models, and will potentially extend to UK-bound models as well.

REMEMBER- EU is investigating China’s “artificially low” EV pricing: The EU has launched an investigation into Chinese subsidies for EVs in efforts to ward off a flood of cheap imports. “Their [China’s] price is kept artificially low by huge state subsidies which is distorting our market,” head of the EU’s executive arm Ursula von der Leyen said in her annual speech to the European Parliament last year.

And Beijing is not happy: China slammed the probe, saying it will have a “negative” impact on economic and trade ties. "China believes the investigative measures proposed by the European Union are in reality to protect its own industry in the name of 'fair competition'," the country’s Commerce Ministry said.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Kansai Electric Power to Issue JPY 30 bn transition bond for nuclear projects: Kansai Electric Power Co plans to issue Japan's second transition bond, worth about JPY 30 bn (USD 191 mn), to fund nuclear and zero-carbon thermal power projects. (Bloomberg)

CALENDAR

JUNE 2024

10-12 June (Monday-Wednesday): The International Conference on European Energy Market, Istanbul, Turkey.

11-12 June (Tuesday-Wednesday): International Conference on Financing Investment and Trade in Africa, Tunis, Tunisia.

11-13 June (Tuesday-Thursday): Morocco Energy Week Summit, Marrakesh, Morocco.

18-19 June (Tuesday-Wednesday): Biofuels International Conference & Expo, Brussels, Belgium.

18-19 June (Tuesday-Wednesday): Sustainable Aviation Fuels Summit, Brussels, Belgium.

25-27 June (Tuesday-Thursday): Connecting Green Hydrogen Europe, Madrid, Spain.

26-27 June (Wednesday-Thursday): Decarbonizing Shipping Forum, Rotterdam, Netherlands.

JULY 2024

2-3 July (Tuesday-Wednesday): Nuclear Power Plants Summit & Expo, Istanbul, Turkey.

12-14 July (Friday-Sunday): G20 Leaders Summit, Rio de Janeiro, Brazil.

16-17 July (Tuesday-Wednesday): The Egypt Mining Forum, Cairo, Egypt.

AUGUST 2024

1 August (Thursday): Distributed Solar Summit, Dubai, UAE.

12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.

20-21 August (Tuesday-Wednesday): The World ESG Summit, Dubai, UAE.

24-26 August (Saturday-Monday): International Conference on Clean and Green Energy Engineering, Izmir, Turkey.

24-26 August (Saturday-Monday): International Summit on Non-Renewable and Renewable Energy, Valencia, Spain.

SEPTEMBER 2024

16-18 September (Monday-Wednesday): World Utilities Congress, Abu Dhabi, UAE.

17-19 September (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

OCTOBER 2024

1-3 October (Tuesday-Thursday): Water, Energy and Environment Technology Exhibition, Dubai, UAE.

13-17 October (Sunday-Thursday): Cairo Water Week, Cairo, Egypt.

15-17 October (Tuesday-Thursday): EV Auto Show, Riyadh, Saudi Arabia.

NOVEMBER 2024

4-8 November (Monday-Friday): World Urban Forum, Cairo, Egypt.

4-8 November (Monday-Friday): AfricanEnergy Week, Cape Town, South Africa.

11-22 November (Monday-Friday) United Nations Climate Change Conference or Conference of the Parties (COP29), Baku, Azerbaijan.

11-14 November (Monday-Thursday): Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC), Abu Dhabi, UAE.

18-19 November (Monday-Tuesday): G20 Summit, Rio de Janeiro, Brazil.

26-28 November (Tuesday-Thursday): Saudi Electricity Expo, Riyadh, Saudi Arabia.

26-28 November (Tuesday-Thursday): Egypt Energy Show, Cairo, Egypt.

27-28 November (Wednesday-Thursday): RAK Energy Summit, Ras Al Khaimah, UAE.

DECEMBER 2024

2-13 December (Monday-Friday): Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification, Riyadh, Saudi Arabia.

JANUARY 2025

14-16 January (Tuesday-Thursday): World Energy Summit, Abu Dhabi. UAE.

28-29 January (Tuesday-Wednesday): Sustainability Forum Middle East, Riyadh, Saudi Arabia.

FEBRUARY 2025

24-26 February (Monday-Wednesday): Connecting Hydrogen MENA, Dubai, UAE.

EVENTS WITH NO SET DATE

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.

November: 9th Arab Forum for Renewable Energy and Energy Efficiency, Amman, Jordan.

2025

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

UAE to have over 1k EV charging stations installed.

Middle East Electric Vehicle Show, Sharjah, UAE.

2026

26-29 October (Monday-Thursday): World Energy Congress, Riyadh, Saudi Arabia.

UITP Global Public Transport Summit, Dubai, UAE.

Annual Meetings of the World Bank and the International Monetary Fund, Bangkok, Thailand.

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.

World Water Forum, Riyadh, Saudi Arabia.

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.

Sections

About

Privacy & Support

Get EnterpriseAM daily

FEED scope complete for world’s largest carbon capture hub in Saudi

An independent publication supported by

Today at a glance

TODAY: A step forward for mega CCS hub in Saudi + More green hydrogen investments for Egypt

Related

This publication is proudly sponsored by

FEED scope complete for world’s largest carbon capture hub in Saudi

Related

What are catastrophe bonds and why are they under threat?

Related

Related

Climate resilient infrastructure is a necessary adaptation method for MENA

Related

Volvo’s C40 Recharge is coming to Egypt’s market

Related

Green finance + project updates from Saudi Arabia, UAE, and Morocco

Related

Hitachi Energy to boost energy transition with multi-bn USD investment + Volvo moves EV production to Europe

Related

CALENDAR

Related

About

Privacy & Support

My EnterpriseAM

Sign in

Check your email! We've sent you a magic link to sign in.

Sections

About

Privacy & Support

Get EnterpriseAM daily

FEED scope complete for world’s largest carbon capture hub in Saudi

An independent publication supported by

Today at a glance

TODAY: A step forward for mega CCS hub in Saudi + More green hydrogen investments for Egypt

Get Enterprise daily

Related

This publication is proudly sponsored by

FEED scope complete for world’s largest carbon capture hub in Saudi

Related

What are catastrophe bonds and why are they under threat?

Related

Related

Climate resilient infrastructure is a necessary adaptation method for MENA

Related

Volvo’s C40 Recharge is coming to Egypt’s market

Related

Green finance + project updates from Saudi Arabia, UAE, and Morocco

Related

Hitachi Energy to boost energy transition with multi-bn USD investment + Volvo moves EV production to Europe

Related

CALENDAR

Related

An independent publication supported by

About

Privacy & Support

My EnterpriseAM

Sign in

Check your email! We've sent you a magic link to sign in.