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Green finance, solar, and recycling updates from Turkey, Egypt, Morocco, and the UAE
Stories on our radar this morning from around the region
Masdar and Emsteel commence operations at green steel plant
The pilot project could potentially cut carbon emissions in the steel-making process by 95%
Sweco set to develop major battery storage systems in Belgium
The battery park is set to be one of the biggest in Europe.
Fortescue aims to meet Chinese demand for green iron with pilot plant
The plant will produce 1.5k tons of green iron annually.
Sonatrach and Tosyalı explore green hydrogen production in Algeria
The hydrogen will be used for green steel production at Tosyalı’s Bethioua industrial complex
Turkey’s Tosyalı to build world's largest DRI complex in Libya
The project will have a total capacity of 8.1 mn tons
UAE’s Green Metal to build a steel recycling plant in Kezad
The plant will span 116k sqm and commercial operations are expected to commence in 1Q 2025.
Emirates Steel Arkan net income surges in 2023
The UAE’s largest steel maker saw its net profits jump 18% to AED 601.9 mn, while revenues fell 6.3% y-o-y…
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