Genius Metals acquires Morocco’s BMR copper-gold project

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WHAT WE’RE TRACKING TODAY

TODAY: It’s a Saudi + M&A-heavy day

Good morning, friends, and welcome to a news morning that is heavy on both M&A and Saudi news, with our three biggest stories of the day falling into one or both of these categories.

THE BIG CLIMATE STORY- Canadian minerals exploration company Genius Metals has signed an option agreement with Morocco’s Société Bleida Mineral Resources to acquire 100% of its BMR copper-gold project in Ouarzazate. Meanwhile, Saudi Aramco is acquiring 50% of Air Products Qudra’s blue hydrogen unit and Saudi sovereign wealth fund the Public Investment Fund has signed three agreements with Chinese firms to manufacture wind and solar energy generation components locally.

^^ We have chapter and verse on these stories and more in the news well, below.

THE BIG CLIMATE STORY OUTSIDE THE REGION- Climate change could be making our days longer: Rising sea levels are altering the speed of the Earth’s rotation, which has extended our days by milliseconds. Although the change is minute — 1.33 milliseconds per century — it could impact technology that relies on precise timekeeping such as GPS. The moon is currently the dominating factor determining the Earth’s rotation, but climate change could become a greater determinant if temperatures continue to rise.

What’s the science behind it? Polar ice melt driven by climate change is pushing that meltwater from the poles towards the equator, which is changing the mass distribution of the planet and effectively slowing down its rotation. If the planet continues warming and ice loss accelerates, days could be lengthened by 2.62 milliseconds by the end of the century. Eventually, we might have to add or subtract leap seconds from coordinated universal time that sets time zones to keep it aligned with the Earth’s rotation.

The story made headlines in the international press: CNN | BBC | The Guardian | Washington Post | ABC

WATCH THIS SPACE-

#1- Egypt's government is aiming to generate USD 10-18 bn from green hydrogen projects by 2040, Youm7 reports, citing a work program document published by the newly appointed cabinet. The government plans to accelerate the implementation of its green hydrogen strategy, aiming to produce 3.2 mn tons annually by 2030, increasing to 9.2 mn tons by 2040. The green hydrogen projects are also expected to create over 100k jobs by 2040. The goals outlined in the document are revised down from a previously announced target of exporting 12.5 mn tons of green hydrogen by 2035. Egypt aims to reach a cost of USD 1.7 per kg by 2050 to capture 8% of the global hydrogen market share.

Where does Egypt stand today? Egypt published a hydrogen roadmap but is yet to release its national hydrogen strategy, according to a report (pdf) released last month by consulting agency Alexec. The country joined the African Green Hydrogen Alliance, launched the Hydrogen Egypt association, and has announced a tax and VAT cut of 33-55% on various project-related equipment and materials. However, the tax incentives are eligible for projects that can secure 70% of its investment from foreign financial institutions, start operations within five years, meet a minimum 20% local-content requirement, and cap foreign employees at 30% of the total workforce for up to 10 years, Alexec’s report noted.

ICYMI- Egypt recently signed a slew of hydrogen agreements with European firms to stay on track during the two-day Egypt-EU Investment Conference last month, with renewable energy and green hydrogen taking center stage as the country plans to transform into a regional hub for green hydrogen production by 2026 and a global hub by 2030.

#2- Shell Oman’s blue hydrogen and ammonia project Blue Horizons located in Duqm has entered its pre front-end engineering design (FEED) phase, the company’s Senior Vice President and County Chair Walid Hadi said. As part of this phase, Shell Oman aims to finalize the technical design and agree on the commercial terms with the Oman’s government and other offtakers. The firm is working with OQ, OQ Gas Network, and Petroleum Development Oman under a joint study agreement to deliver the pre-FEED activities for this project, Hadi notes.

ALSO- The pre-FEED package was awarded to UK-based engineering and business consulting firm Wood, which has a main office in Abu Dhabi, Hadi added. Wood will carry out studies on a pre-FEED package for the facility, and on the CO2 pipeline and injection facilities. The timeline and financials of the agreement have not been disclosed.

REMEMBER- The project has been in the works since early 2023: Oman’s OQ signed an agreement with Oman Shell in January of last year to jointly produce some 1.8 mn tons of green hydrogen in Oman following Shell’s acquisition of a 35% stake in the country’s planned Green Energy Oman project. Shell decided to develop the plant in Duqm to facilitate export of the fuel in the form of blue ammonia thanks to a proposed hydrogen conversion loop and was later awarded a block of land — through its Green Energy Oman consortium with OQ — by Oman’s state-owned hydrogen company Hydrom in June 2023.

#3- Another step for Masdar’s Cirata plant in Indonesia: Renewable giant Masdar’s Cirata 145 MW (192 MWp) floating solar plant in Indonesia has met the country’s local content requirements, the first project of its kind in the country to do so, according to a statement. Masdar began operating the USD 108.7 mn plant — the largest of its kind in Southeast Asia and the third largest globally — last November, selling its generated energy to Indonesia’s utility company PLN Nusantara Power.

REMEMBER- Expansion plans are underway: The company entered a Joint Development Study Agreement with PLN Nusantara Power aiming to triple the capacity of the operating Cirata floating PV project to 500 MW in May. The plans were initially announced last September when Masdar and PLN signed an initial agreement to move forward with tripling the size of the plant.

#4- HSBC unveils new climate unit: UK-based banking giant HSBC has launched a new climate-focused infrastructure and project finance unit, HSBC Infrastructure Finance (HIF), which will focus on funding decarbonization projects, CEO of Global Banking and Markets Greg Guyett told Reuters. HIF aims to secure a significant share in key markets and will integrate parts of HSBC’s Global Banking Real Asset Finance team, Guyett added. The move marks HSBC’s return to project finance advisory, at a time when it has a “leading presence in the regions where infrastructure financing and project finance advisory capabilities are critical to enabling a just transition to a low carbon economy,” he added.

The details: The unit will be led by former UK minister Danny Alexander, which will help the firm accelerate partnerships with governments, multilateral development banks, and companies, Guyett added. HIF will also collaborate with HSBC’s CMB Infrastructure Finance team and oversee the Pentagreen Capital joint venture — a sustainable infrastructure debt unit launched with Singapore’s Temasek.

#5- Companies call for action against nature loss: Over 130 companies with combined revenues of USD 1.1 tn — including Unilever, L'Occitane, and Iberdrola — are urging governments to implement stricter policies to halt nature loss by the end of the decade, Reuters reports. The plea comes ahead of the COP16 biodiversity summit taking place in October in Colombia, where countries will discuss the implementation of a 2022 agreement to protect 30% of the world's natural ecosystems.

The suggestions: The open letter — coordinated by the environmental coalition Business For Nature — emphasizes the urgent need for measures such as subsidy reform, sustainable water use, and improved farming practices to prevent the extinction of over 1 mn species. The letter also calls for governments to ensure businesses and financial actors protect and restore nature, embedding sustainability in decision-making and global agreements to address nature loss.

#6- General Motors joins EV makers revising down production goals: General Motors (GM) has revised down its EV goals of producing 1 mn EVs by the end of next year, GM CEO Mary Barra told (watch, runtime: 1:41). The scale-down was attributed to slower-than-expected market growth. The adjustment follows earlier comments about the company’s goal of an all-electric fleet by 2035, which would depend heavily on consumer acceptance.

Riding the slow wave: GM is experiencing a slowdown in EV deliveries and has delayed the opening of an electric pickup truck plant in the US despite overcoming previous battery production issues. The company, however, is currently ramping up production of its lower-priced electric Chevrolet Blazer and Equinox models to boost sales. GM’s shares saw a modest rise of less than 1% following Barra’s announcement, bringing the company's 2024 gain to 37%, Bloomberg reported.

It's an EV exodus: Vietnamese EV maker VinFast Auto announced this week that it is delaying the completion of its North Carolina Factory by three years and has lowered its full-year sales target to 80k from 100k. BYD experienced its slowest quarterly bottomline growth in two years in 2Q, leading to a 6.1% drop in the company’s Hong Kong shares. In March, Lucid Motors’ shares were down 31% since the beginning of the year, and there is a belief among some pundits that US appetite for EVs — which rose to a peak during covid — has fallen off.

WORTH WATCHING-

Egypt’s push to urbanize is putting green spaces at risk: Egypt’s rapid urban expansions have been threatening the health of green spaces in the country’s capital city, Cairo University Professor of Architecture Nabil Alhady tells ABS-CBN News (watch runtime: 7:26). The video pans over these decimated lands as Alhady walks through and discusses the impacts of urbanization, including how the expansion of the Ring Road has blocked access to sunlight for the agricultural lands below. Egypt lacks greenery due to its desert climate, Alhady explains, adding that green spaces flourish only because of the existence of the Nile River. “We need to preserve the banks of the Nile as the backbone of nature in Cairo’s heavily urbanized setting,” Alhady emphasizes.

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CIRCLE YOUR CALENDAR-

The UAE will host the World ESG Summit from Tuesday, 20 August to Wednesday, 21 August in Dubai. The summit will gather experts and industry leaders to explore new ways to integrate Environmental, Social, and Governance (ESG) principles into business practices.

Turkey will host the International Conference on Clean and Green Energy Engineering from Saturday, 24 August to Monday, 26 August in Izmir. The event will gather researchers and professionals to share advances in clean energy. It will also offer a platform to discuss the latest research, practices, and applications in clean and green energy engineering.

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

Canada’s Genius Metals acquires Morocco’s BMR copper-gold project

Genius Metals acquires Moroccan mining project: Canadian minerals exploration company Genius Metals has signed an option agreement — a try-before-you-buy-agreement — with Morocco’s Société Bleida Mineral Resources to acquire 100% of its BMR copper-gold (BMR Cu-Au) project in Ouarzazate, according to a statement. Genius Metals will make the acquisition payments totalling CAD 250k (c. USD 182.7k) over four years, and incur operating expenses of CAD 225k (c. USD 164.5k) over the next three years.

REMEMBER- Copper and gold are minerals that are critical to the energy transition, and will play an essential role in the manufacturing of clean energy technologies such as wind turbines, solar panels, EVs, and batteries.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

The details: The first payment will be made on 31 August at CAD 25k (c. USD 18.3k), with the other three payments scheduled annually with incremental increases reaching CAD 150k (c. USD 109.6) in the last year. The company will start paying their annual three-year exploration expenses in August 2025 starting at CAD 50k (c. USD 36.5k), with the final payment in 2027 set at CAD 100k (c. USD 73.1). The company will act as the operator during the option period and may accelerate the option exercise by completing the payments and commitments ahead of schedule.

Other Canadian stakeholders are helping out: Canadian exploration consultants are conducting a surface sampling program on exposed rock formations and trenches to evaluate the copper potential and assess the presence of gold, the statement added.

About the BMR Cu-Au project: The BMR project — covering around 9 sqkm — features two main zones of mineralization including a mineralized structure containing a brecciated (broken down into angular fragments) quartz-carbonate vein with chalcocite (a common sulfide that is made up of 80% copper by weight) and malachite (a copper carbonate hydroxide mineral). Chalcocite is one of the most profitable types of copper ores. One part of the mining grounds has a “historical” copper quarry from which 4k tons of material were extracted and remain on the property.

Morocco’s mining sector has been in the spotlight: The European Bank for Reconstruction and Development (EBRD) is extending a MAD 150 m (EUR 13.6 mn) loan to Moroccan mining equipment manufacturer Procaneq to boost energy efficiency in the kingdom’s mining sector. Morocco and Turkey signed two cooperation agreements in the energy, earth sciences, and mining sectors, including geological mapping, remote sensing, and AI for mineral assessment.

Aramco is acquiring 50% stake of Air Products Qudra’s blue hydrogen unit

Saudi oil giant Aramco has inked final agreements to acquire a 50% stake in Blue Hydrogen Industrial Gases Company (BHIG), a Jubail-based unit of Air Products Qudra (APQ), it said in a statement yesterday. No financial details on the transaction were provided, but the acquisition will see Aramco get the option to buy hydrogen and nitrogen from BHIG. APQ is a joint venture between US industrial gas supplier Air Products and local energy startup Qudra Energy.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

The rationale? Develop a lower-carbon hydrogen network locally: Aramco said it expects its investment in BHIG to help create a lower-carbon hydrogen network in the country’s Eastern Region that would serve local and regional customers in the refining, chemical and petrochemical industries.

What they said: “This investment highlights Aramco’s ambition to expand its new energies portfolio and grow its lower-carbon hydrogen business… We intend to leverage our growing capabilities in carbon capture and storage (CCS), as well as our technical expertise in hydrogen, with the ambition to support the establishment of a vibrant marketplace for lower-carbon hydrogen,” Aramco Executive Vice President of Strategy & Corporate Development Ashraf Al Ghazzawi said.

REMEMBER- Air Products is no stranger to Saudi: Neom Green Hydrogen Company, a joint venture between Neom, Acwa Power, and Air Products, is setting up a USD 8.5 bn utility-scale green hydrogen facility with a 1.2 mn ton annual green ammonia production capacity powered by nearly 4 GW of renewable power.

PIF partnering with Chinese firms to manufacture wind + solar generation components

Saudi’s Public Investment Fund signed three separate agreements with major Chinese producers to localize the manufacturing of wind and solar power generation components, it said in a statement yesterday. The agreements were signed by the PIF’s wholly-owned subsidiary Renewable Energy Localization Company (Relc) along with Riyadh-based and privately owned renewable energy firm Vision Industries. Financial details on the agreements were not made public.

(** Tap or click the headline above to read this story with all of the links to our background and outside sources.)

One for wind: Relc will partner with Envision Energy (China’s second-largest wind turbine manufacturer) and local player Vision Industries to make wind turbines. The JV will focus on the manufacturing and assembly of wind turbines and its components, including blades with an estimated annual generation capacity of 4 GW. Its ownership structure will see the Chinese company hold a stake of 50% with a 40% and 10% stake for Relc and Vision.

Two for solar: The second JV agreement was signed with China’s solar module manufacturer JinkoSolar and Vision Industries for the manufacturing of 10 GW of photovoltaic cells and modules. Relc and JinkoSolar will hold a 40% stake each, with Vision owning 20%. A third agreement was signed with Lumetech — a subsidiary of China’s TCL Zhonghuan Renewable Energy — along with Vision for the production of solar PV ingots and wafers with annual capacity to generate 20 GW of power. The JV will see Relc and Lumetech owning a 40% holding each with Vision holding 20%.

We’ve been expecting this: Officials in Beijing discussed last week ramping up trade and investment with Saudi in a sign of a growing interest in the region. They have singled-out priority areas including infrastructure and energy as well as the digital and green economies.

Jinko is already active in Saudi: Jinko Solar is supplying 1 GW of solar modules for the solar energy plants powering Saudi Arabia’s giant Neom Green Hydrogen Project currently under construction. Jinko also signed a 25-year power purchase agreement with the Saudi Power Procurement Company (SPCC) last September to develop the 1.5 GW Tabarjal PV plant, and was among the qualified bidders for SPPC’s 3.7 GW worth of renewable energy projects in February. It also secured a USD 315 mn build-own-operate contract for a 400 MW solar energy plant in KSA’s northern Al Jowf province last year.

And the rest of the region too: The company is also among the prequalified bidders to develop Oman's 500 MW Ibri III Solar IPP. Jinko partnered with Singapore’s Sembcorp Utilities to develop the Manah 2 solar plant in March, and with Masdar, Abu Dhabi National Energy Company (Taqa), France's EDF Renewables, and Emirates Water and Electricity Company to develop the 2 GW Al Dhafra Solar IPP last year.

IN OTHER JINKO NEWS-

Algeria awards Jinko Solar PV module supply contract: Jinko Solar was selected by Algeria to supply 150 MW of its N-type ultra-high efficient module to the 100 MW Ain el Beida and 50 MW Beni Ounif solar projects, according to a statement. The PV module supply will be completed in partnership with Algerian energy firm Amimer Energie.

Construction begins on Sohar Port’s a new waste treatment plant in Oman

WASTE MANAGEMENT-

A new waste management plant in Oman: Oman’s Elite Hazardous Waste Management Solution (FZC) has broken ground on a USD 3.5 mn industrial waste treatment plant in Sohar Port and Freezone, according to a statement. The plant — which spans an area of 10k sqm — will treat and recycle industrial waste to produce heavy oil for use in slow-moving machines and a low-contamination carbon dust fit for cement and road construction industries. It has an initial production capacity of 40 tons per day, with the capacity slated to increase to 80 tons per day within one year. The plant will also dispose of industrial waste that will not be recycled.

This has been in the works: Oman’s Sohar Port and Freezone signed a land lease agreement with FZC to build the plant last year.

More waste recycling for Oman: Oman Cement Company is also launching a waste-to-energy facility to reduce gas consumption by processing municipal solid waste. The plant will use Refuse-Derived Fuel processed from municipal solid waste to power its cement complex at its Misfah complex with an annual capacity of 3.6 mn tonnes.

DESALINATION-

Oman taps LG for desal SWRO membranes: LG Water Solutions — a business unit of South Korea’s LG Chem — has been awarded a contract to supply 23k units of its seawater reverse osmosis membranes (SWRO) to Nama Power and Water Procurement Company’s USD 325 mn Ghubrah 3 desalination plant in Oman, according to a press release. The supply will represent 50% of the desalination plant’s total membrane capacity at full operation. The value of the contract was not disclosed.

About Ghubrah 3: The project will have a production capacity of 300k cubic meters per day. It is expected to begin operations in 1Q 2027. A consortium of Sogex Oman, Spain’s GS Inima, and Saudi Arabia’s Al Jomaih Energy and Water — through their JV, the Capital Desalination Company — will be responsible for construction. The project is set to be the largest desalination plant in Oman, located on a land area of 70.4k sqm.

Not LG Chem’s first operations in the region: LG Chem signed a cooperation agreement with KSA’s Al Khorayef Group to build an industrial complex in KSA to manufacture SWRO membranes and a technical center back in May. The company is also providing desalination devices to Moroccan state-owned fertilizer and phosphate company OCP Group. Also in Morocco, LG Chem made plans to build a Lithium-Phosphate-Iron cathode material plant and lithium conversion plant with China’s Huayou Group last year.

GREEN MANUFACTURING-

Emirates Global Aluminium (EGA) has completed the design phase of its next-generation smelting technology EX, according to a statement. EX promises to improve production capacity by up to 22% compared to the current DX+ Ultra technology. The new technology features two variants, one focusing on maximizing productivity and the other in minimizing greenhouse gas emissions. The latter is expected to reduce emissions per ton of aluminum by around 12%. The technology, set to be tested in 10 pilot reduction cells at EGA’s Al Taweelah smelter, aims to be fully industrialized by 2028.

EGA is upping its decarbonization efforts: The company broke ground at the region's first 100% renewable energy-powered industrial data centers in March to integrate AI and automation solutions into EGA’s operations and increase data processing capacity 2.3k times while curbing unit processing costs. EGA also partnered with UAE’s Masdar on aluminum decarbonization and low-carbon aluminum. The agreement involves the joint exploration of renewable energy projects, including battery storage and green hydrogen production, to support EGA's decarbonization efforts in the UAE.

BATTERY STORAGE-

Sungrow + Algihaz partner on energy storage project: Chinese PV inverter manufacturer Sungrow Power Supply has signed an agreement with KSA-based investment company Algihaz Holding for a 7.8 GWh energy storage project, according to Reuters. Construction of the project is expected to be completed later this year.

Not Sungrow’s first Saudi venture: Sungrow will deploy 165 MW inverters and 160-760 MWh of battery energy storage systems at KSA’s Amaala off-grid project. The company also inked an agreement in August 2023 to build a 536 MW battery storage system in Neom.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

Coca-Cola Egypt gets a water treatment grant: The European Bank for Reconstruction and Development and the Global Environment Facility are advancing a USD 750k grant to Coca-Cola Egypt to implement wastewater treatment technology and water management systems. The systems will comply with the EU’s wastewater treatment and reuse standards. (Statement)
Veolia builds a water treatment facility for Qatar’s Katara: France-based Veolia Water Technologies launched a treated sewage effluent polishing plant for Doha’s cultural and touristic destination Katara. The plant has a capacity of 15k cbm per day and will treat sewage effluent to convert into demineralized water for cooling towers, feed, and irrigation. The plant reduces water costs to QAR 1 from QAR 9 per cbm and reduces power demand by 80%. (Statement)
Adnoc + Mubadala partner on sustainable development: UAE oil giant Adnoc and sovereign wealth fund Mubadala signed an agreement to enhance national talent development focusing on sustainable growth. The two will exchange knowledge and expertise and allow employees to move between companies to support sustainable practices at both organizations. (Statement)

Germany goes all in on hydrogen

Germany allocates EUR 4.6 bn for hydrogen projects: Germany is providing EUR 4.6 bn (USD 5 bn) to over 20 hydrogen production, transportation, and storage projects, Bloomberg reported. Among the recipients are RWE, Air Liquide, and EWE who have pledged another EUR 3.3 bn. The initiative — planned to span 2k km — is part of a EUR 6.9 bn EU energy initiative.

ALSO- BP gets funds for Germany hydrogen project: BP also just secured funding from the Lower Saxony regional government and Germany’s Economy Ministry to complete a 100 MW green hydrogen plant in Germany, Bloomberg also said. Germany is heavily reliant on coal and gas and expects to buy up to 70% of its hydrogen abroad to reach its goal of 110 TWh.

REMEMBER- Germany is working hard to ramp up hydrogen production: Germany said it was ready to launch the first tender to modernize 12.5 GW of gas power plants to accommodate the switch to hydrogen by late 2024 or early next year. The plan includes two tenders for 5 GW each of new hydrogen-ready plants, 2 GW for retrofitting existing plants, 0.5 GW for long-term storage, and 0.5 GW for fully hydrogen-powered plants.

Spain to support Siemens Gamesa with EUR 1.2 bn guarantee facility: Under a EUR 1.2 bn (USD 1.31 bn) guarantee facility, Spain will provide a 50% backstop of up to EUR 600 mn to support Siemens Gamesa’s wind projects, Reuters reported. The backstop will be deployed by Spanish export credit insurance agency Cesce, with support from six banks.

REMEMBER- Gamesa is trying to bounce back from major losses: The firm struggled with major quality issues with its onshore wind turbine platforms last year, causing EUR 4.6 bn annual net losses, on top of existing hurdles in the sector such as rising costs of wind turbine materials, higher borrowing costs, and a supply chain crisis which severely impacted the bottomline of wind energy giants over the last couple of years.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

US asks Indonesia to join the Mineral Security Partnership: The US has approached Indonesia to join the Mineral Security Partnership, a collaboration of 14 countries and the EU, aimed at enhancing sustainable critical minerals supply chains. The discussions also included the possibility of a critical mineral trade deal. Indonesia, rich in minerals like nickel, copper, and bauxite, is seeking to become a hub for battery and EV production. (Reuters)

Bill Gates-backed startup makes dairy-free butter using carbon

US-based startup claims to have made delicious butter using … CO2? Bill Gates-backed California startup Savor claims to have figured out a way to make dairyfree butter using a thermochemical process that builds fat molecules using carbon dioxide, hydrogen, and oxygen, according to The Guardian. The butter alternative emits less than 0.8g of CO2 equivalent per kg compared to traditional butter’s 16.9kg and uses less than a thousandth of water used by traditional agriculture.

What’s next? The main challenge is to lower the price to make the product affordable, which Gates expects should be easy seeing as the steps of the production process are already used in other industries, he said in a blog post. The dairy-free alternative — said to taste “like the real thing” — will not be available for sale until at least 2025 as Savor awaits regulatory and commercial approval, says chief executive Kathleen Alexander, the news outlet added. The company will also have to figure out how to appeal to the public with “synthetic fats,” Alexander added.

REMEMBER- The dairy industry is one of the most polluting in the world: Agrifood systems are responsible for up to one-third of global greenhouse gas emissions and are one of the primary reasons for biodiversity loss. Animal agriculture alone accounts for almost 20% of GHGs and 32% of methane emissions.

CALENDAR

JULY 2024

8-18 July: (Monday-Thursday): High-level Political Forum on Sustainable Development (HLPF) 2024, New York, US.

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

AUGUST 2024

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.

25-26 September (Wednesday-Thursday): Green Steel Summit, Dubai, UAE.

OCTOBER 2024

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

1-3 October (Tuesday-Thursday): Cairo Sustainable Energy Week, Cairo, Egypt.

2-3 October (Wednesday-Thursday): World Green Economy Summit, Dubai, UAE.

10-12 October (Thursday-Saturday): The IEEE International Conference on Artificial Intelligence & Green Energy, Yasmine Hammamet, Tunisia.

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

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

15-16 October (Tuesday-Wednesday): Solar & Storage Live KSA, 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.

6-7 November (Wednesday-Thursday): Renewable Energy Forum Africa, Tunis, Tunisia.

6-7 November (Wednesday-Thursday): Critical Mineral Africa Summit, 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, Abu Dhabi, UAE.

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

26- 27 November: (Tuesday - Wednesday): World Food Security Summit, Abu Dhabi, UAE.

26-28 November (Tuesday-Thursday): Future Power 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.

3-4 December (Tuesday-Wednesday): MSGBC Oil, Gas & Power 2024 conference, Dakar, Senegal.

JANUARY 2025

12-15 January (Sunday-Wednesday): World Renewable Energy Congress, Manama, Bahrain.

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.

24-27 February (Monday-Thursday): Oman Climate Week, Muscat, Oman.

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: 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.

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