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Ammonia
Fertiglobe, Dewa, and Emsteel’s net income drops in FY 2024
Fertiglobe’s revenues fell 28% y-o-y to record USD 466 mn
Qatar Energy begins construction on mega blue ammonia plant
The plant is set to be completed in Q2 2026
Ta’ziz advances low-carbon methanol and ammonia ambitions
Stories on our radar this morning from around the region
OQ subsidiary to list 49% stake on Muscat Stock Exchange
Stories on our radar this morning from around the region
Architecture
Karm Architecture Lab’s Principal Architect Farah Faheem talks sustainable architecture in MENA
Coffee with: Farah Faheem, Principal Architect of Karm Architecture Lab: Faheem (LinkedIn) serves as the…
Aviation
European aviation slashes hydrogen targets as decarbonization costs surge
Hydrogen-powered planes are now expected to deliver just 6% of emission cuts by 2050
Saudi and Oman to build SAF plants
Land and solar energy assets have been set aside by the government for the Saudi…
Mashreq + Landmark Retail ink sustainable loan agreement
Stories on our radar this morning from around the region
Egypt gets the ball rolling on USD 530 mn sustainable aviation fuel project
The project aims to produce 120k tons of sustainable aviation fuel and reduce carbon emissions…
Batteries
Saudi Electricity kickstarts phase two of BESS project
PLUS: Morocco to launch 1.6 GW BESS project
Amea Power inks more BESS agreements in Egypt
Amea will construct two BESS in Zaafarana and Benban with 1.5 GWh capacity
CDG snaps up stake in Gotion
Gotion is constructing a USD 1.3 bn EV battery gigafactory
Morocco + Turkey to each get a new lithium battery factory
Morocco’s factory will have a production capacity of 60k tons of lithium-ion battery anode materials…
Carbon Storage
TOP STORIES: Masdar secures renewables assets in Spain + Tunisia finalizes agreements for 500 MW solar projects
What we’re tracking this week regionally and around the world
Decarbonization, waste management, diplomacy, and regulation updates from across the region
Stories on our radar this week from around the region
Saudi Aramco moves forward with mega CCS hub
The planned hub will have the capacity to store up to 9 mn tons of…
WtE, renewables, and green finance updates from Saudi Arabia, UAE, Egypt, Jordan and Turkey
Stories on our radar this week from around the region
Critical Minerals
Mazoon taps regional and international companies for copper project
The project is set to begin operations in 2027 with an annual processing capacity of…
Burkhan + Grand Mines Mining to develop USD 9 bn minerals venture in KSA
PLUS: UAE and USA launch nuclear energy collaboration worth USD 10 bn
TotalEnergies eyes chile for USD 16 bn project
Stories on our radar this week from around the world
US seeks first-mover advantage in seabed mining
Trump issued an executive order to establish permits for deep-sea mining covering both US and…
Desalination
Omniyat Holdings’ USD 500 mn green sukuk was 3.6x oversubscribed
PLUS: OCP’s 4x oversubscribed Eurobonds raise USD 1.75 bn
Aviation and desalination updates from UAE and Saudi Arabia
Stories on our radar this morning from around the region
Taqa Arabia + Somabay launch their solar-powered desalination plant
The two parties also signed the contract to develop the second phase scheduled for completion…
DMCC inks three sustainability agreements
Stories on our radar this morning from around the region
District Cooling
Investcorp, US buyers make plays for Pal Cooling takeover
Big district cooling players in the UAE have been expanding their market share through acquisitions
Emicool goes green with AED 1.95 bn boost
The funding was provided by Dubai Islamic Bank and Abu Dhabi Commercial Bank
Tabreed awarded another Dubai project
The company will provide 250k RT of district cooling capacity to Palm Jebel Ali
Multiply Group mulls sale of district cooling unit
PLUS: Mubadala offloads indirect Calisen stake
Electric Mobility
TOP STORIES: Saudi’s Ceer and Egypt’s Infinity make an EV push + investment updates galore
What we’re tracking this week regionally and around the world
US oilfield cuts methane emissions by 26% in 2023
While the progress is significant, there are concerns about setbacks under Trump
Joby Aviation will sell eVTOLs to KSA’s Mukamalah
The agreement outlines plans for direct aircraft sales to Mukamalah
Acwa Power + KACST establish joint research center on clean energy
The center aims to cut costs and emissions from the desalination process
Geothermal Energy
Aramco gets busy with emissions reduction projects and dips its toe in geothermal energy
Saudi Arabia’s oil giant Aramco is working with Danish firm Topsoe and Siemens Energy on…
Geothermal heat pumping systems can reduce building emissions by 53%
A residential building under construction in New York will power its heat pumping system with…
KSA’s Taqa establishes JV with Icelandic Reykjavik Geothermal for geothermal exploration
KSA’s Taqa establishes JV to explore geothermal energy: The Industrialization andEnergy Services Company (Taqa) signed…
Masdar acquires a stake in Indonesian geothermal firm Pertamina
Masdar makes an entry into geothermal energy: Emirati renewables giant Masdar has acquired shares in…
Green Hydrogen
Oman’s OQAE inks USD 2 bn worth of renewable projects
PLUS: Masdar to build a 500 MW project + 2 GW of BESS in Kazakhstan
Morocco’s green hydrogen push, EV updates, country collaborations, and more this week around the region
Stories on our radar this week from around the region
KSA to produce hydrogen-powered trucks in a USD 4 bn committement by Ronn
PLUS: Rivian to sink USD 110 mn in supplier park
TOP STORIES: Egypt-Italy interconnection’s got a big ticket + Omniyat Holdings’ green sukuk issuance
What we’re tracking this week regionally and around the world
Green Industry
Construction begins on Egypt’s USD 500 mn green chemicals plant
The first phase will use wind, solar and natural gas for energy production
Emirates Biotech to build a USD 800 mn PLA facility
The plant will be built in two phases, each with 80k ton annual capacity
The entertainment industry’s attempts at decarbonization
Massive Attack’s Act 1.5 Climate Action Accelerator event was powered entirely by renewable energy and…
Sabic partners with the Fujian Government for a thermoplastics plant
Stories on our radar this morning from around the region
Green Infrastructure
Canada pushes SMR buildout + V-Green to lead EV infrastructure push in Indonesia
Stories on our radar this week from around the world
Solar, Green mobility, and finance updates from UAE, Qatar, and Saudi Arabia
Stories on our radar this week from around the region
Enagas to boost hydrogen infrastructure with some EUR 4 bn
Stories on our radar this week from around the world
TODAY: Egypt’s Korra Energi eyes 2025 debut on EGX
What we’re tracking this morning regionally and around the world
Green Methanol
Samsung to construct Ta’ziz methanol plant in UAE
The plant will have an annual capacity of 1.8 mn tons
DP World + AM Green partner on green fuel export logistics
The firms will export 2 mn tons of green fuels annually
Researchers turn CO2 into methanol fuel using sunlight
The process mimics natural photosynthesis, where CO2 and water are converted into energy-rich compounds using…
Methanex acquires OCI Global’s methanol business for USD 2.05 bn
The transaction is set to be completed in 1H 2025
Renewables
Masdar launches benchmark FCY-denominated green bond
PLUS: Saudi Awwal Bank completes USD 650 mn green sukuk offering
TOP STORIES: Saudi’s hydrogen vehicles factory + Regional renewables push
What we’re tracking this week regionally and around the world
Kazakhstan ratifies agreement for Masdar-backed USD 1.4 bn wind project
The 1 GW wind farm will feature a 300 MW storage system and generate 3.4…
Updating Europe’s grid will require USD tns
The warning comes after the major blackout across Spain and Portugal last week.
Recycling
TOP STORIES: Saudi’s minerals bonanza + A slew of debt from the region
What we’re tracking this week regionally and around the world
MENA ups recycling efforts, pushes for solar capacity growth, and more this week
Stories on our radar this week from around the region
Tunisia signs off on national waste strategy updates
New projects across Tunisia were approved
Waste-to-energy, investments, debt, decarbonization, and EV updates from UAE, KSA, Bahrain, and Turkey
Stories on our radar this week from around the region
Nuclear Energy
TOP STORIES: Morocco’s MAD 220 bn investment plan + Emicool gets its first AED 2 bn in green financing
What we’re tracking this week regionally and around the world
TOP STORIES: UK offshore grid major acquired by Taqa + Oman’s on a roll
What we’re tracking this week regionally and around the world
We need to talk about decarbonization biases
Some sectors are more scrutinized than others with major carbon footprints, such as the fashion…
Asia’s first nuclear green bond
Stories on our radar this week from around the world
Mining
Green finance, mining, and solar updates from the region
Stories on our radar this week from around the region
Waste management, solar, geothermal, green finance, green manufacturing and infrastructure updates from across the region
Stories on our radar this week from around the region
EV, green manufacturing, mining, and sustainability updates from UAE, Saudi Arabia, Algeria, and more
Stories on our radar this week from around the region
TOP STORIES: Brazil’s COP30 plan + India’s Sterlite Power is mulling a multi bn USD investment in Egypt
What we’re tracking this week regionally and around the world
Shipping
TODAY: TotalEnergies is going to court over Uganda oil project + The UAE wants COP29, too
Good morning, wonderful people. It’s yet another busy news day today, with the news flow…
OCI Global-Fertiglobe CEO Ahmed El Hoshy talks about the future of low-carbon shipping and green methanol
What the first green methanol refueling operation in Egypt’s Port Said means for MENA: Last…
TODAY: UAE pledges USD 4.5 bn for African green projects + commits to purchasing USD 450 mn in carbon credits
Good morning, friends. Our busy week of news continues this morning with a spate of…
Egypt’s Suez Canal Authority inks an agreement with Maersk extending cooperation in green transition
Egypt and Maersk ramp up green plans: Egypt’s Suez Canal Authority (SCA) signed an agreement…
Waste-to-Energy
When it comes to waste-to-energy in MENA, Sharjah continues to lead the pack
International consortium to operate UAE waste-to-energy plant: A joint venture between Emirati waste management company…
The UAE’s Bee’ah Recycling scores a W for waste-to-energy
Bee’ah Recycling launches SRF facility producing green fuel: Bee’ah Recycling — a subsidiary of Emirati…
Waste Management
Saudi taps Alkhorayef for wastewater treatment projects
Two contracts worth SAR 353.9 mn were signed with the Saudi Irrigation Organization
Miahona lands SAR 1 bn wastewater plant upgrade contract from Modon
The 25-year ROT agreement covers rehabilitation, construction, operation, maintenance, and sales
Austrian companies reportedly eye WtE investments in Egypt
Austrian companies have already conducted feasibility studies for the planned projects
Debt watch, green infrastructure, mining, startup, and solar updates from across the region
Stories on our radar this week from around the region