{"id":76689,"date":"2023-03-28T02:06:12","date_gmt":"2023-03-28T02:06:12","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=76689"},"modified":"2025-12-15T08:43:06","modified_gmt":"2025-12-15T08:43:06","slug":"adnoc-inks-agreement-to-explore-a-low-carbon-ammonia-supply-chain-with-germanys-north-rhine-westphalia","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/adnoc-inks-agreement-to-explore-a-low-carbon-ammonia-supply-chain-with-germanys-north-rhine-westphalia\/","title":{"rendered":"Adnoc inks agreement to explore a low-carbon ammonia supply chain with Germany\u2019s North Rhine-Westphalia"},"content":{"rendered":"<section id=\"76691\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76691\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">1<\/div>\r\n\r\n                    <p class=\"f-graphik\">WHAT WE\u2019RE TRACKING TODAY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/today-adnoc-is-exploring-the-establishment-of-a-low-carbon-ammonia-supply-chain-in-germany\/\">\r\n                            TODAY: Adnoc is exploring the establishment of a low-carbon ammonia supply chain in Germany                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/weather-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"weather-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/weather-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/12\/weather-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76691\" class=\"content-area-description single-story post-76691 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-egypt tag-enterpriseclimate tag-eu tag-evs tag-green-economy tag-green-hydrogen tag-renewables tag-saudi-arabia tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, ladies and gents. <\/strong>It appears the downpour of news is abating, but we have some bits and pieces for you from the region and around the world.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>UAE\u2019s Adnoc has inked an agreement with the government of Germany\u2019s North Rhine-Westphalia and chemical park operator Currenta to explore cooperation in the production and transportation of low-carbon ammonia.<\/p>\n<p><strong>PLUS- We sat down with Climate Resilience Fund co-founder Hossam Allam<\/strong> for (proverbial) coffee and a wide-ranging discussion on what the fund is working on, the impact of agritech on food sustainability \u2014 and the importance of insects.<\/p>\n<p><strong>^^ We have more on both in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Australia is inching closer to passing<\/strong><strong> a landmark emissions reduction bill:<\/strong> Australia\u2019s lower house of parliament approved yesterday legislation that would, if passed, see the country\u2019s top 215 carbon emitting plants slash CO2 outputs by 30% by 2030. Dubbed the Safeguard Mechanism reform, the new bill would stipulate new gas drilling projects be carbon neutral and have net-zero reservoirs, potentially putting a stopper to half of the 116 coal and gas plants currently under consideration in the country. The plan \u2014 proposed in <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/australia-lays-out-plan-make-biggest-polluters-slash-emissions-2023-01-10\/\">January<\/a> \u2014 is expected to garner support from the country\u2019s minor opposition party Australian Greens, setting the stage for it to come into effect on 1 July, 2023. The story got coverage from <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-27\/plan-to-curb-coal-gas-projects-to-seal-australia-climate-pact\">Bloomberg<\/a>, <a href=\"https:\/\/www.washingtonpost.com\/politics\/2023\/03\/27\/australia-pollution-safeguard-mechanism-climate\/97869758-cc5e-11ed-8907-156f0390d081_story.html\">The Washington Post<\/a>, and <a href=\"https:\/\/www.reuters.com\/business\/sustainable-business\/australia-edges-closer-big-emissions-reduction-bill-with-hit-gas-investments-2023-03-27\/\">Reuters<\/a>.<\/p>\n<p><strong>ALSO- Berliners have turned down a referendum to make the German capital carbon<\/strong><strong> neutral by 2030: <\/strong>Berlin voted against passing a proposal to fully decarbonize the city 15 years ahead of the national net-zero target of 2045. Berlin\u2019s mayor Franziska Giffey says the referendum\u2019s results spotlight the proposal\u2019s unrealistic targets. The story got ink in <a href=\"https:\/\/www.reuters.com\/business\/environment\/berlin-votes-tighter-climate-goals-test-germans-commitment-change-2023-03-26\/\">Reuters<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-03-26\/berlin-climate-neutrality-by-2030-plan-is-rejected-by-voters\">Bloomberg<\/a>, and <a href=\"https:\/\/www.dw.com\/en\/berlin-climate-referendum-falls-short\/a-65127166\">Deutsche Welle<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>WATCH THIS SPACE #1- KSA\u2019s Al Rajhi Bank is lining up a sustainable sukuk <\/strong><strong>issuance:<\/strong> Al Rajhi Bank \u2014 Saudi Arabia's second-largest lender by assets \u2014 plans to issue USD-denominated sustainable sukuk under its international sukuk program announced in April 2022, according to a <a href=\"https:\/\/www.saudiexchange.sa\/wps\/portal\/saudiexchange\/newsandreports\/issuer-news\/issuer-announcements\/issuer-announcements-details\/!ut\/p\/z1\/lY_dboJAEIWfxQcwO2hc6CUtLdKggkhVbsy6TJVEWLIstvbpy1_TaGtjN3sxM_nOmTMkIisSZeyY7JhKRMYOVb-O6GZkUhiMDZjBePEAFAKbhgtDswaULM8BY2JT8KemPxvoI7BfgET_0kPgjcB_8iZDF-ZgA71ND1eeecP-6ByZmXd6leD53nZcc2hQ_RL45cSLJT9vaIA_QgaYNZfoV6M6GllKLEQpOZL5DpWZZaLMOKaYKTcplMUUIz5nfI8uHvHgsR2SoF7N4mNSCFnUFFnXkwK5EtLKnbjrT-lWHNo6lyIuuVqccmwHSlTWXZ1XpkHyUXUatEZM8n3Lal_AtEy3KK1tN3qVIv12YHVsXofuVJt-Qyl8V0Hj1nJxpfBQJqKOmKdhuILE6Rtvj8PUOP9mr_cJH6C4DQ!!\/dz\/d5\/L0lHSklna0tDbEVKSUtJS1VRb2dwUkEhIS9vSHdRQUVNSUFBQ0VFaGdDS000emxHWUVLVWxTVUtXdEcwWVdnQSEhLzRKQ2lqc1lwTWhUalVFNWxFbXQyVXR0TlF6VzdLVzFtbzVBIS9aN181QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURRNi9aNl81QTYwMkg4ME8wSFRDMDYwU0c2VVQ4MURJMy9jb21wYW55U3ltYm9sLzExMjAvZ2xvYmFsL2h0dHA6JTAlMHRhZGF3dWwlMC9hbm5DYXQvMS9hbklkLzcyNjUy\/\">disclosure to Tadawul<\/a>. The size and terms of value of the Islamic bond issuance will be determined subject to the market conditions, the disclosure said. Al Rajhi Capital Company, Citigroup, Emirates NBD Bank, Goldman Sachs, HSBC, JPMorgan Securities, KFH Capital, and Standard Chartered Bank were appointed as joint lead managers and bookrunners for the issuance.<\/p>\n<p><strong>WATCH THIS SPACE #2- Are e<\/strong><strong>ight more green hydrogen agreements in the works for <\/strong><strong>Egypt?<\/strong> Eight industry players have expressed interest in setting up green hydrogen plants in Egypt, and MoUs are soon expected to be signed, Suez Canal Economic Zone (SCZone) CEO Walid Gamal El Din told CNBC Arabia (<a href=\"https:\/\/twitter.com\/i\/broadcasts\/1BRJjZLkNqLJw\">watch, runtime: 5:06<\/a>). Gamal El Din didn\u2019t provide any details about which companies could be involved or when agreements could be signed.<\/p>\n<p><strong>Egypt already signed a spate of agreements last year<\/strong>, including <a href=\"https:\/\/enterprise.press\/stories\/2022\/11\/16\/egypt-signs-framework-agreements-for-green-hydrogen-ammonia-plants-worth-usd-83-bn-87840\/\">nine framework agreements<\/a> and another <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4b9ad0d5-1d50-40df-8fd1-9831cd23db5b\">seven MoUs<\/a> for green hydrogen plants and ammonia facilities in the SCZone. Most recently, China Energy <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10fb5a3b-950a-4002-82f5-4ec8c764211a\">earlier this month said<\/a> that it could begin working on its USD 5.1 bn plant as soon as May.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3- Shortages in key components required for wind energy <\/strong><strong>development are likely to crop up by 2026<\/strong>, <a href=\"https:\/\/www.ft.com\/content\/f324be0d-191e-4943-97fd-51a8d46e286c\">the Financial Times<\/a> reports, citing Global Wind Energy Council (GWEC). The squeeze comes as countries \u2014 particularly the US and Europe \u2014 set ambitious targets for the rollout of domestic renewable energy, including a growing demand for new wind projects. China\u2019s domination of manufacturing components for wind energy stations exacerbates the risk of a supply chain crunch and creates a need to increase investment in the global onshore and offshore wind sector supply chains, GWEC says. Some companies are already experiencing shortages, with Singaporean shipping group Marco Polo warning of a severe shortage of the vessels required to install offshore turbines, the FT reports. China held 60% of the global market for turbine blade manufacturing in 2022, according to GWEC figures, and European wind turbine manufacturers including Vestas and Siemens Gamesa <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9937a04f-6ea9-404b-9570-be0c966ed015\">racked up losses last year<\/a> on the back of rising maintenance costs, supply chain risks, rising inflation, and reduced power installations.<\/p>\n<p><strong>WATCH THIS SPACE #4- Hyundai \u2014 the world\u2019s third-largest EV producer \u2014 will <\/strong><strong>invest USD 300 mn to manufacture its GV70 EV in its mega US-based production plant<\/strong>, according to Bloomberg (<a href=\"https:\/\/youtu.be\/Ek2iZNUA3rk?t=54\">watch, runtime, 00:54<\/a>). Hyundai\u2019s manufacturing facility produces a GV70 in just 16 hours, and the company has a target to produce 17 other EV models by 2030 in line with its goal to sell some 1.8 mn EVs by the same year.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<br \/>\n <strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday at 4am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>***<\/p>\n<p><strong>COME TO OUR NEXT ENTERPRISE FORUM- <\/strong><\/p>\n<p class='web-image' ><a href='https:\/\/exportsfdi.enterprise.press\/registration.html'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/708.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n<p><strong>We are delighted to share with you that the Enterprise Exports & FDI Forum<\/strong> will be taking place on <strong>15 May<\/strong> at <strong>the Four Seasons Hotel at Nile Plaza in Cairo.<\/strong><\/p>\n<p><strong>DO YOU WANT TO ATTEND?<\/strong> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please <a href=\"https:\/\/exportsfdi.enterprise.press\/registration.html\">click here<\/a> to request a spot at this exclusive event.<\/p>\n<p><strong>WANT TO SHARE YOUR STORY ON STAGE?<\/strong> Drop a note to <a href=\"mailto:patrick@enterprisemea.com\">Patrick here and let\u2019s talk<\/a>.<\/p>\n<p><strong>WANT TO BECOME A COMMERCIAL PARTNER?<\/strong> Ping a note to <a href=\"mailto:mtaalab@inktankir.com\">Moustafa, our head of commercial, here<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>The UAE is hosting the International Conference on Green Energy and <\/strong><strong>Environmental Technology (<\/strong><strong><a href=\"http:\/\/www.icgeet.igrnet.org\/279\/united-arab-emirates\/\">ICGEET<\/a><\/strong><strong>) on 18 and 19 April <\/strong>in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.<\/p>\n<p><strong>The first <\/strong><strong><a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/about-mena-sc\/\">MENA Solar Conference<\/a><\/strong><strong> is accepting applications from published<\/strong><strong> researchers specialized in PV technology until Sunday, 30 April.<\/strong> The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers <a href=\"https:\/\/mbrsic.ae\/en\/mena-sc\/paper-submission-1\/\">here<\/a>.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76693\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">      \r\n<section id=\"advertiser\" class=\"enterprise-adv issue-section\">\r\n    <div class=\"issue-section__content\" style=\"flex-direction: column;\">\r\n      <h4 class=\"wp-block-heading has-text-align-center has-normal-font-size\">\r\n        <span class=\"has-primary-color stk-highlight\"> This publication is proudly sponsored by<\/span>\r\n    <\/h4>\r\n\r\n    <div class=\"issue-sponsor-slide issue-sponsor-slide--single-slide mx-auto\">\r\n        <img data-recalc-dims=\"1\" decoding=\"async\" draggable=\"false\" src=\"https:\/\/i0.wp.com\/ent.news\/internal\/25497.png?ssl=1\">\r\n        <div class=\"overlay\"><\/div>\r\n        <div class=\"content\">\r\n            <a draggable=\"false\" href=\"https:\/\/www.hsbc.com.eg\/\" target=\"_blank\" class=\"logo\" rel=\"noopener\">\r\n                <img decoding=\"async\" draggable=\"false\" src=\"https:\/\/ent.news\/internal\/25398.svg\" alt=\"\">\r\n            <\/a>\r\n            <span>Opening up a world of opportunity<\/span>\r\n        <\/div>\r\n    <\/div>\r\n\r\n      <\/div>\r\n<\/section> \r\n\r\n\n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76694\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76694\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">2<\/div>\r\n\r\n                    <p class=\"f-graphik\">Ammonia<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/adnoc-inks-agreement-explore-establishing-a-low-carbon-ammonia-supply-chain-with-germanys-north-rhine-westphalia-and-currenta\/\">\r\n                            Adnoc inks agreement explore establishing a low-carbon ammonia supply chain with Germany\u2019s North Rhine-Westphalia and Currenta                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/825.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76695\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/adnoc-inks-agreement-explore-establishing-a-low-carbon-ammonia-supply-chain-with-germanys-north-rhine-westphalia-and-currenta\/825-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/825.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"825.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/825.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/825.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76694\" class=\"content-area-description single-story post-76694 post type-post status-publish format-standard has-post-thumbnail hentry category-ammonia tag-adnoc tag-ammonia tag-decarbonization tag-enterpriseclimate tag-green-ammonia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a> <strong>No rest for Adnoc on decarbonization:<\/strong> The UAE\u2019s Abu Dhabi National Oil Company (Adnoc) has signed an agreement with the government of Germany\u2019s North Rhine-Westphalia and chemical park operator <a href=\"https:\/\/www.currenta.de\/en\/\">Currenta<\/a> to establish a low-carbon ammonia value chain, according to a <a href=\"https:\/\/adnoc.ae\/en\/news-and-media\/press-releases\/2023\/adnoc-to-explore-low-carbon-ammonia-value-chain\">statement<\/a>. The agreement will also see the parties look into cooperating on the production and transportation of low-carbon ammonia and its use as a fuel in energy generation, including a wide industrial-scale testing at Currenta\u2019s site in Germany\u2019s Dormagen.<\/p>\n<p><strong>What they said:<\/strong> \u201cAmmonia has the potential to play an important role in decarbonization \u2014 for example as a hydrogen carrier or as a fuel in heat generation. As a chemical park operator with large steam and heat generation plants, Currenta is observing very closely to see whether it succeeds in realizing this potential. An important factor here is the development of global supply chains for ammonia,\u201d Currenta CEO Frank Hyldmer said in the statement.<\/p>\n<p><strong>Been there, done that:<\/strong> Adnoc sent its <a href=\"http:\/\/climate.enterprise.press\/stories\/2022\/09\/05\/adnoc-is-now-exporting-blue-ammonia-to-europe-80284\/\">first low-carbon ammonia shipment<\/a> to Germany last year. The shipment was delivered to Hamburg-headquartered copper producer Aurubis for use as a fuel source in its wire rod factory. The company said last year it is vying to become a leading exporter of low-emission fuels, exporting 25% of the hydrogen it produces to global markets.<\/p>\n<p><strong>Adnoc\u2019s been on a decarbonization sprint this year:<\/strong> The company signed a MoU <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13e6008c-9206-4031-bfc2-7ab69bb7771d\">earlier this<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13e6008c-9206-4031-bfc2-7ab69bb7771d\">year<\/a> with German industrial engineering multinational Thyssenkrupp for the joint development of large-scale ammonia cracking to extract hydrogen from ammonia after transportation. The agreement follows <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13e6008c-9206-4031-bfc2-7ab69bb7771d\">several agreements<\/a> signed between Adnoc and several Japanese firms for collaboration on decarbonization technology.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-ammonia\/\">GREEN AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76696\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76696\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">3<\/div>\r\n\r\n                    <p class=\"f-graphik\">Coffee With\u2026<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/climate-resilience-fund-co-founder-hossam-allam-talks-agritech-and-the-importance-of-insect-derivatives\/\">\r\n                            Climate Resilience Fund co-founder Hossam Allam talks agritech and the importance of insect derivatives                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/climate-resilience-fund-co-founder-hossam-allam-talks-agritech-and-the-importance-of-insect-derivatives\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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An oceanographer by training, Allam is also a board member at <a href=\"https:\/\/www.hassanallam.com\/\">Hassan Allam Holding<\/a>, Legacy Egypt and <a href=\"https:\/\/efe.org\/\">Education for Employment<\/a>, and chairman of Acasia Group (formerly <a href=\"https:\/\/cairoangels.com\/\">Cairo Angels<\/a>).<\/p>\n<p><strong>The Climate Resilience Fund plans to deploy USD 25 mn over the first two years<\/strong> in seed stage agrifood startups that employ agritech and nature-enabled solutions to address climate change.<\/p>\n<p><strong>ENTERPRISE: Tell us about the Climate Resilience Fund and what it's hoping to <\/strong><strong>accomplish.<\/strong><\/p>\n<p><strong>HOSSAM ALLAM: <\/strong>We invest in early stage ventures that sit at the intersection of agrifood and climate \u2014 sometimes referred to as agrifood x climate \u2014 and it\u2019s a new thesis in the startup ecosystem. Most people associate climate with decarbonizing energy and logistics, whereas we look at climate through the lens of the carbon footprint of agrifood and agroforestry. Agrifood has almost as big of an environmental impact as transport and logistics combined, so that\u2019s our angle on planetary health.<\/p>\n<p>We\u2019re an environmental impact, Africa-focused fund which is agnostic in terms of the nationality of the founder, as long as they have substantial operations in Africa and are looking to deliver impact in Africa.<\/p>\n<p>In terms of investments, we\u2019re looking to invest over the course of three to six years and to develop the companies that we invest in from four to 10 years. Although we have clear impact metrics and we commit to seeking venture returns for our investors, all our startups have to stand up to commercial scrutiny.<\/p>\n<p><strong>E: Which sectors are you looking at? <\/strong><\/p>\n<p><strong>HA: <\/strong>There are a couple of verticals we\u2019re looking at, including farming tech, which focuses on allowing farmers to produce higher yields using fewer inputs like water, pesticides, and fertilizers, but also uses those inputs more selectively so they\u2019re less destructive. The second vertical is farmer enablement, which provides farmers with digital tools to access the value chain and give them a bigger share of the pot. The agrifood industry is huge, but farmers see single-digit percentages of that, and that\u2019s causing a flight of talent from rural areas to urban centers. This is a problem because we need digitally-savvy farmers on our farms.<\/p>\n<p>We\u2019re looking at emerging carbon markets, which is a bit more speculative. We like the transition to nature and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e17e717f-626b-47d8-bea3-c8a4630f3f49\">biodiversity credits<\/a>, and we think there will be a constructive outcome when it goes through the shakeout it\u2019s going through now, and that it will spur a new sub-economy that is nature-positive.<\/p>\n<p>And we\u2019re also looking at agrifood tech, which introduces new food groups to human food and animal feed chains. We\u2019d like to see some food groups that are currently imported at an enormous expense substituted with more sustainable, home-grown, lower carbon footprint, lower planetary footprint food and feed. Some of these cost-effective and nutrient-rich food groups can be injected into the economy and have an immediate climate and economic impact.<\/p>\n<p><strong>E: Tell us more about these sustainable food groups. <\/strong><\/p>\n<p><strong>HA: <\/strong>There are a few mn people today who knowingly eat insects and insect derivatives, and a couple of bn more \u2014 including you and I \u2014 who unknowingly eat them. Insects are the largest phylum in the animal kingdom and should form a much larger part of our diet because they are a very efficient, low-cost, low-carbon footprint source of protein. They will be a substantial part of our diet in Africa, it\u2019s just a question of which cohort of players will tap into this space. There are already engaged players in Egypt, southern Africa, East Africa, and West Africa.<\/p>\n<p>Substituting animal feed with insect- and worm-based derivatives would cut significant emissions related to growing, harvesting and transporting crops like corn and soy. Farming insects and worms has a much smaller footprint and it can be done locally, so you would immediately reduce the footprint of animal feed. On top of that, insect protein, when fed to fish, shrimp, and poultry substantially improves their immunity, because of the phytochemical \u2014 bacteria-busting \u2014 properties of insects and worms. That\u2019s why they exist, because they digest waste and bacteria and help us to fight disease.<\/p>\n<p><strong>E: How are agrifood and agtech impacting traditional agriculture practice and how <\/strong><strong>far-reaching are their impacts? <\/strong><\/p>\n<p><strong>HA: <\/strong>I don\u2019t know what the trend is, but I know what the opportunity is. African agriculture produces somewhere between a quarter to half the yields of comparable crops elsewhere in the world and imports 50-70% of its food. If African farmers have access to more money, they can invest in their farms, improve yields, drive down costs, and improve their bottom lines. This means that they will want to employ even more sustainable, high-tech, potentially regenerative ways of farming and increase their yields further and get into a positive cycle as opposed to the negative one they\u2019re in right now. They can potentially double or quadruple Africa\u2019s food output and reduce those imports by an average of 50%, and maybe feed a whole Africa on top of it with a whole new set of food groups. That\u2019s an opportunity to chase.<\/p>\n<p>We see climate risk as a threat to food systems globally, and Africa is particularly vulnerable. Not only is our own farming being disrupted by climate, but there\u2019s also a risk that when the countries that export to us have their climate moment, we\u2019ll be the first countries that they drop off their dispatch sheet. We need to be prepared for that moment. That\u2019s the threat and that\u2019s the opportunity.<\/p>\n<p><strong>E: A <\/strong><strong><a href=\"https:\/\/ent.news\/2022\/5\/Venture_Capital_in_MENA_Climate_Tech_d9fb9bcf5a.pdf\">report (pdf)<\/a><\/strong><strong>by the Clean Energy Business Council last year <\/strong><strong><a href=\"https:\/\/enterprise.press\/stories\/2022\/06\/14\/the-mena-region-is-falling-short-when-it-comes-to-vc-climate-funding-73646\/\">found<\/a><\/strong><strong> that MENA is <\/strong><strong>falling behind on climate tech funding. Is that changing?<\/strong><\/p>\n<p><strong>HA: <\/strong>I can tell you that over the past five or six years, Africa and the Middle East have attracted less than 1% of agrifood startups funding. Most of Africa is arable and 50-60% of its population is employed in agriculture, so there\u2019s no reason why Africa should attract such a small percentage of startup agrifood funding.<\/p>\n<p>Africa\u2019s share of agri-tech startup funding is only 1%, and that\u2019s an all-time high. But there is evidence that that is about to change. In India and Latin America, agrifood tech startup funding peaked shortly after fintech peaked and we are now in our fintech moment, so it makes sense that agrifood should follow.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/agritech\/\">Agritech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-change\/\">climate change<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-resilience-fund\/\">Climate Resilience Fund<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/coffee-with-5\/\">COFFEE WITH\u2026<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hossam-allam\/\">Hossam Allam<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76698\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76698\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">4<\/div>\r\n\r\n                    <p class=\"f-graphik\">MACRO PICTURE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/menas-low-carbon-hydrogen-agreements-are-racking-up-ahead-of-anticipated-national-hydrogen-strategy-reveals\/\">\r\n                            MENA\u2019s low-carbon hydrogen agreements are racking up ahead of anticipated national hydrogen strategy reveals                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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href=\"https:\/\/api.whatsapp.com\/send?text=MENA%E2%80%99s+low-carbon+hydrogen+agreements+are+racking+up+ahead+of+anticipated+national+hydrogen+strategy+reveals+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F28%2Fmenas-low-carbon-hydrogen-agreements-are-racking-up-ahead-of-anticipated-national-hydrogen-strategy-reveals%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/menas-low-carbon-hydrogen-agreements-are-racking-up-ahead-of-anticipated-national-hydrogen-strategy-reveals\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76699\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/menas-low-carbon-hydrogen-agreements-are-racking-up-ahead-of-anticipated-national-hydrogen-strategy-reveals\/agreement-2-1600px-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"agreement-2-1600px.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/12\/agreement-2-1600px.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76698\" class=\"content-area-description single-story post-76698 post type-post status-publish format-standard has-post-thumbnail hentry category-macro-picture tag-enterpriseclimate tag-gcc tag-green-hydrogen tag-macro-picture tag-mena wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a> <strong>The region\u2019s hydrogen agreement boom ahead of national strategies: <\/strong>While the majority of MENA region countries have yet to release their national hydrogen strategies, a total of 68 low-carbon hydrogen agreements were signed in the region last year, according to a <a href=\"https:\/\/ent.news\/2023\/3\/827.pdf\">summary report (pdf)<\/a> by the Organization of Arab Petroleum Exporting Countries.<\/p>\n<p><strong>Egypt leads the pack: <\/strong>Egypt signed the most preliminary agreements in the region last year, with a total of 23 agreements, as it hopes to position itself as a global hydrogen hub, the report states. Oman trailed behind at 11 agreements, followed by the UAE with 10, Saudi Arabia with nine, Morocco with seven, Algeria with four, Iraq with two, and Qatar and Jordan with one agreement each.<\/p>\n<p><strong>MENA countries have set ambitious targets:<\/strong> The UAE plans to have a 25% share of the global hydrogen market by 2030, while Morocco is looking to reach a 6% share, followed by Egypt\u2019s sights on a 5% share. Saudi Arabia wants to produce 2.9 mn tons of green hydrogen and ammonia annually by 2030, while Oman aims to produce between 1 and 1.5 mn tons annually by 2030. A report published <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5345ee93-0434-4642-a343-fe5c4310bdb4\">last month<\/a> by the International Renewable Energy Agency (Irena) concluded that Egypt, Morocco, KSA, and Oman are leading MENA\u2019s green hydrogen development.<\/p>\n<p><strong>It\u2019s not all green hydrogen production: <\/strong>The report reveals that of the 68 agreements inked last year, 68% were for green hydrogen and ammonia production, 19% for blue hydrogen production, 6% for shipping and aviation hydrogen fuel stations, 4% for hydrogen storage facilities, and 3% for pipeline infrastructure to transport the fuel.<\/p>\n<p><strong>But investment in infrastructure is still lagging:<\/strong> Some 33% percent of over 1.1k senior professionals across 80 countries said that the biggest barrier for the hydrogen economy is a lack of infrastructure needed for the fuel to be produced, moved, stored, distributed, and integrated into the wider energy system, a <a href=\"https:\/\/ent.news\/2023\/3\/842.pdf\">survey by Norway\u2019s DNV<\/a> found. 28% said that government-funded infrastructure is the most important enabler of a successful hydrogen economy between now and 2030. Investors rated the MENA and West Asia region\u2019s hydrogen production infrastructure 2.7 out of 5 in another <a href=\"https:\/\/ent.news\/2023\/3\/843.pdf\">report by sustainability consultant Arup<\/a>. For the International Energy Agency\u2019s <a href=\"https:\/\/www.iea.org\/reports\/global-energy-and-climate-model\/net-zero-emissions-by-2050-scenario-nze\">Net Zero Emissions by 2050 Scenario<\/a>, hydrogen infrastructure \u2014 mainly pipelines and storage \u2014 requires annual investments of USD 52 bn between 2026-2030, and USD 82 bn between 2041-2050, the organization\u2019s <a href=\"https:\/\/ent.news\/2023\/3\/844.pdf\">Energy Technology Perspectives 2023<\/a> revealed.<\/p>\n<p><strong>2023 is shaping up to be a promising year for the region\u2019s nascent sector: <\/strong>KSA\u2019s Neom Green Hydrogen Company has <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b25cd90-e450-47ee-b0a9-3f382940309e\">signed<\/a> several financing agreements worth a collective USD 8.5 bn to fund the development of its utility-scale green hydrogen facility. Saudi Arabia\u2019s sovereign wealth fund <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b25cd90-e450-47ee-b0a9-3f382940309e\">signed<\/a> an agreement with Japanese trading and investment conglomerate Marubeni to jointly conduct a feasibility study for a green hydrogen production facility in KSA. Japan\u2019s Jera <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb100bca-2d0b-44ac-bda9-58c56ef4854e\">signed<\/a> an MoU with Abu Dhabi National Energy Company (Taqa) to jointly explore the feasibility of low-carbon thermal energy, ammonia, and green hydrogen production projects in MENA in February. UAE\u2019s Al Fattan Energy <a href=\"https:\/\/climate.enterprise.press\/issues\/2023\/02\/13\/ksas-public-investment-fund-raises-usd-5-5-bn-second-green-bond-issuance\/\">signed<\/a> an agreement with South Korea\u2019s LTechUVC to build a USD 400 mn, 200 MW green hydrogen and ammonia facility.<\/p>\n<p><strong>So what\u2019s the status of these anticipated national hydrogen strategies?<\/strong> To date, Oman is the only country to have <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e806e16c-672f-4775-8776-6f597297731a\">released its strategy<\/a>, while Morocco and the UAE have released a hydrogen roadmap, according to the report. In 2022, Saudi Arabia was <a href=\"https:\/\/reglobal.co\/hydrogen-development-and-cooperation-between-saudi-arabi-and-germany\/#:~:text=Hydrogen%20potentials%20in%20Saudi%20Arabia,and%20domestic%20uses%20of%20hydrogen.\">developing<\/a> a national hydrogen strategy, outlining its production, export and domestic uses. Egypt is expected to announce its hydrogen strategy <a href=\"https:\/\/enterprise.press\/stories\/2023\/02\/28\/our-hydrogen-strategy-is-coming-soon-what-can-we-expect-from-it-98165\/\">within weeks<\/a>. Without \u201cclear policy frameworks that are transparent on long-term goals,\u201d it will be difficult to drive hydrogen investments, a hydrogen business manager at Shell Norway said in the DNV report. DNV\u2019s survey found that out of 10 enabling factors for hydrogen sector growth, regulation came in first place.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/gcc\/\">GCC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/macro-picture\/\">MACRO PICTURE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76700\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76701\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76701\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/\">\r\n                            The US\u2019 Inflation Reduction Act will hike EV production costs                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The US\u2019 Inflation Reduction Act will hike EV production costs&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/&title=The US\u2019 Inflation Reduction Act will hike EV production costs\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+US%E2%80%99+Inflation+Reduction+Act+will+hike+EV+production+costs+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F28%2Fthe-us-inflation-reduction-act-will-hike-ev-production-costs%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/711.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76702\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/the-us-inflation-reduction-act-will-hike-ev-production-costs\/711-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/711.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"711.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/711.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/2\/711.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76701\" class=\"content-area-description single-story post-76701 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-enterpriseclimate tag-evs tag-inflation-reduction-act wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>Biden\u2019s Inflation Reduction Act is going to spike EV prices: <\/strong>Regulations under the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/3907e1bd-299f-46ad-8f42-7d0fead9dcc7\">Inflation Reduction Act<\/a> to begin the immediate manufacture of EV components including chargers in US-based production plants are drawing concern from automakers, industry sources tell <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/ev-charger-makers-brace-slowdown-new-made-america-rules-kick-2023-03-21\/\">Reuters<\/a>. The US currently lacks the domestic capacity to engage in full fledged EV production in line with the IRA\u2019s targets, especially on EV chargers, the newswire notes, adding that industry players worry strict enforcement of the Act would slow the rollout of EVs and hike production costs.<\/p>\n<p><strong>An unrealistic timeline:<\/strong> Moving production from foreign markets takes as long as 18 months and immediate enforcement of the bill to relocate manufacturing to the US could drive EV costs up by 25-30%, co-founder of EV chargers manufacturer <a href=\"https:\/\/www.google.com\/aclk?sa=l&ai=DChcSEwj9gaOwre_9AhURrXcKHXmBAQEYABAAGgJlZg&sig=AOD64_33sQNniXXnzzx2IdonlbKnuKPWdw&q&adurl&ved=2ahUKEwiWnJywre_9AhWNg_0HHUQDD8cQ0Qx6BAgHEAE\">XCharge<\/a> Aatish Patel tells Reuters. A mandate to source 55% of EV costs in the US has been postponed from its 2023 deadline to July 2024, according to a <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2023\/02\/15\/fact-sheet-biden-harris-administration-announces-new-standards-and-major-progress-for-a-made-in-america-national-network-of-electric-vehicle-chargers\/#:~:text=Beginning%20July%201%2C%202024%2C%20FHWA,out%20of%20this%20new%20industry.\">White House<\/a> statement. The EV industry expects more deferrals in other terms to follow for the IRA\u2019s EV production targets to be met, Reuters notes.<\/p>\n<p><strong>Americans are eager to switch to EVs: <\/strong>34% of US respondents to a recent <a href=\"https:\/\/www.reuters.com\/technology\/one-third-americans-would-consider-ev-purchase-reutersipsos-poll-2023-03-21\/\">poll<\/a> by Reuters and French market research and consulting firm Ipsos said they would consider purchasing electric vehicles for their next car. The Biden-Harris administration has a target to have hybrid and EV models comprise half of all new domestic car sales by 2030.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/inflation-reduction-act\/\">Inflation Reduction Act<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76703\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76703\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">6<\/div>\r\n\r\n                    <p class=\"f-graphik\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/\">\r\n                            Oman is plotting its country-wide hydrogen infrastructure                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Oman is plotting its country-wide hydrogen infrastructure&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/&title=Oman is plotting its country-wide hydrogen infrastructure\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Oman+is+plotting+its+country-wide+hydrogen+infrastructure+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F28%2Foman-is-plotting-its-country-wide-hydrogen-infrastructure%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76704\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/oman-is-plotting-its-country-wide-hydrogen-infrastructure\/253-jpg-10\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"253.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76703\" class=\"content-area-description single-story post-76703 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-green-hydrogen tag-oman wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>Oman plans to build out fully dedicated hydrogen infrastructure even <\/strong><strong>though plans are still at an early stage<\/strong>, <a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/oman-intends-to-build-dedicated-hydrogen-infrastructure-js0to2s9\">Zawya<\/a> quoted <a href=\"https:\/\/dii-desertenergy.org\/\">Dii Desert Energy<\/a> CEO Cornelius Matthes as saying this week on the <a href=\"https:\/\/www.worldhydrogenleaders.com\/\">World Hydrogen Leaders<\/a> platform. France-based Geostock is currently evaluating the geological potential for underground storage in the country, Matthes said, adding that a new hydrogen pipeline network connecting Salalah, Duqm, Sohar, and Muscat is at the early planning stage. Oman is also eyeing plans to build hydrogen filling station infrastructure across the country, he added.<\/p>\n<p><strong>Oman is well on its way in terms of agreements: <\/strong>Oman\u2019s state-owned green hydrogen company <a href=\"https:\/\/hydrom.om\/index.html\">Hydrom<\/a> \u2014 owned by Energy Development Oman \u2014 signed six binding term sheet agreements worth a combined USD 20 bn for the production of green hydrogen <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/40455595-d905-4d49-a583-ee97e18a20cb\">earlier this month<\/a> with companies from Belgium, the Netherlands, the UK, Japan, Singapore, Germany, India, Kuwait, and the UAE.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>The <strong>Dubai Freezones Council<\/strong> held a meeting to discuss the strategy to reduce the freezone companies' demand for<strong> electricity and energy consumption<\/strong>. The strategy aims to reduce demand for energy and water by <strong>30% by 2030<\/strong> for both freezones and companies. (<a href=\"https:\/\/www.mediaoffice.ae\/en\/news\/2023\/March\/26-03\/Dubai-Free-Zones-Council-sets-green-economy-as-a-key-priority-on-its-agenda#:~:text=Free%20Zones%20Energy%20Demand%20Management%20Strategy%202030&text=The%20strategy%20aims%20to%20reduce,providing%20added%20value%20to%20businesses.\">Statement<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76705\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"76705\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">7<\/div>\r\n\r\n                    <p class=\"f-graphik\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/\">\r\n                            Flotation Energy selected to develop 1.9 GW of offshore wind capacity                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Flotation Energy selected to develop 1.9 GW of offshore wind capacity&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/&title=Flotation Energy selected to develop 1.9 GW of offshore wind capacity\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Flotation+Energy+selected+to+develop+1.9+GW+of+offshore+wind+capacity+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F03%2F28%2Fflotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"76706\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/flotation-energy-selected-to-develop-1-9-gw-of-offshore-wind-capacity\/828-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"828.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/3\/828.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76705\" class=\"content-area-description single-story post-76705 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-enterpriseclimate tag-eu tag-renewables wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Scotland\u2019s Flotation Energy was selected to develop two floating offshore wind <\/strong><strong>stations with 1.9 GW generation capacity in Scotland<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/energy\/japans-tepco-develop-19-gw-offshore-wind-power-scotland-2023-03-27\/\">Reuters<\/a> reported this week. Flotation Energy \u2014 fully <a href=\"https:\/\/www.flotationenergy.com\/news\/japans-largest-utility-teams-up-with-flotation-energy\">acquired<\/a> by Tokyo-based utility giant <a href=\"https:\/\/www.tepco.co.jp\/en\/rp\/index-e.html\">TEPCO Renewable Power<\/a> in November \u2014 will develop the two offshore wind farms with Norway-based company <a href=\"https:\/\/www.vargronn.com\/\">V\u00e5rgr\u00f8nn<\/a>, with one set to become operational in 2027 and the second in 2028. In the long term, the company aims to deliver more than 12 GW of commercial scale fixed and floating offshore wind farms.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>Australia-headquartered mining firm<strong> BHP Group<\/strong> and Chinese steel manufacturer <strong>HBIS Group <\/strong>will invest <strong>USD 15 mn over three years<\/strong> to trial <strong>carbon capture and storage<\/strong> technologies at HBIS steel mills. (<a href=\"https:\/\/www.reuters.com\/article\/china-bhp-group-au-carbon-idAFL4N35Z0BX\">Reuters<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/eu\/\">EU<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"76707\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                story-section            \"\r\n            id=\"calendar\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/76707\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-76707\" class=\"content-area-description single-story post-76707 post type-post status-publish format-standard hentry category-calendar wpautop entry\">\n\n\t\t\t<hr class=\"wp-block-separator has-text-color has-primary-color has-alpha-channel-opacity has-primary-background-color has-background is-style-wide\">\n\n\t\t<h2 class=\"wp-block-heading mt-0 has-primary-color has-text-color has-link-color has-normal-font-size\" style=\"padding-top:0px;padding-right:0px;padding-bottom:0px;padding-left:0px\">\n\t\t\t<strong> CALENDAR<\/strong>\n\t\t<\/h2>\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>APRIL 2023<\/strong><\/p>\n<p>6 April (Thursday): Arabia CSR Awards 2022 Clinic (online).<\/p>\n<p>18-19 April (Tuesday-Wednesday): International Conference on Green Energy and Environmental Technology (ICGEET), Dubai, UAE.<\/p>\n<p><strong>MAY 2023<\/strong><\/p>\n<p>1-4 May (Monday-Thursday): <a href=\"https:\/\/www.wtm.com\/atm\/en-gb.html\">Arabian Travel Market<\/a>, Dubai, UAE.<\/p>\n<p>2-7 May (Tuesday-Sunday): <a href=\"https:\/\/www.agriculture.gov.ma\/ar\/actualites\/tnzym-almltqy-aldwly-llflaht-balmghrb-mn-02-aly-07-may-2023-bmknas\">Salon International de l\u2019Agriculture au Maroc (SIAM)<\/a>, Meknes, Morocco.<\/p>\n<p>4-6 May (Thursday-Saturday): International 100% Renewable Energy Conference (<a href=\"https:\/\/10times.com\/irenec\">IRENEC<\/a>), Istanbul, Turkey.<\/p>\n<p>8-10 May (Monday-Wednesday): Global Green Future Fuel, Dubai, UAE.<\/p>\n<p>9 May (Tuesday): <a href=\"https:\/\/www.world-hydrogen-summit.com\/programme\/\">World Hydrogen 2023 Summit & Exhibition<\/a>, Rotterdam, Netherlands.<\/p>\n<p>9-10 May (Tuesday-Wednesday): <a href=\"https:\/\/www.terrapinn.com\/exhibition\/solar-show-mena\/\">The Solar Show MENA<\/a>, Cairo, Egypt.<\/p>\n<p>16-18 May (Tuesday-Thursday): <a href=\"https:\/\/www.seatrademaritime-middleeast.com\/en\/home.html\">Seatrade Maritime Logistics Middle East<\/a>, Dubai, UAE.<\/p>\n<p>29-31 May (Monday-Wednesday): <a href=\"https:\/\/www.evinnovationsummit.com\">Electric Vehicle Innovation Summit<\/a>, Abu Dhabi, UAE.<\/p>\n<p>30 May-1 June (Tuesday-Thursday): <a href=\"https:\/\/www.timeshighered-events.com\/gsd-congress-2023\">Global Sustainable Development Congress<\/a>, King Abdullah University of Science and Technology (KAUST), KSA.<\/p>\n<p><strong>JUNE 2023<\/strong><\/p>\n<p>1-3 June (Thursday-Saturday): <a href=\"http:\/\/www.envirotecener-expo.com\/\">Envirotec and Energie Expo<\/a>, Tunis, Tunisia.<\/p>\n<p>12-15 June (Monday-Thursday): <a href=\"https:\/\/saudipp.com\/\">Saudi Plastics & Petrochem<\/a>, Riyadh, KSA.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/thearabgreensummit.com\/\">The Arab Green Summit<\/a>, Dubai, UAE.<\/p>\n<p>13-14 June (Tuesday- Wednesday) <a href=\"https:\/\/www.bloombergneweconomy.com\/gateway-africa\/\">Bloomberg New Economy Gateway Africa Conference<\/a>, Marrakesh, Morocco.<\/p>\n<p><strong>JULY 2023<\/strong><\/p>\n<p>3-7 July (Monday-Friday): <a href=\"https:\/\/aic2023.geo.unibuc.ro\/en\/\">The 36th Conference of the International Association of Climatology<\/a>, Bucharest, Romania.<\/p>\n<p><strong>AUGUST 2023<\/strong><\/p>\n<p>20 August-24 August (Sunday-Wednesday): <a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week 2023<\/a>, Stockholm, Sweden.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>9-20 September (Saturday-Wednesday): <a href=\"https:\/\/www.un.org\/en\/conferences\/SDGSummit2023\">2023 Sustainable Development Goals Summit<\/a>, New York, U.S..<\/p>\n<p>11-13 September (Monday-Wednesday): Global Congress on Renewable and Non-Renewable Energy, Dubai, UAE.<\/p>\n<p><a href=\"https:\/\/www.chariotenergygroup.com\/\">Chariot Limited<\/a> and <a href=\"https:\/\/www.total-eren.com\/\">Total Eren<\/a>\u2019s feasibility study on a 10 GW green hydrogen plant in Mauritania to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f1323428-033c-4ff9-a0b6-716f87613360\">be completed<\/a>.<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>2-4 October (Monday-Wednesday): <a href=\"https:\/\/www.showsbee.com\/fairs\/84868-WETEX-2023.html\">WETEX and Dubai Solar Show<\/a>, Dubai, UAE.<\/p>\n<p>4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.<\/p>\n<p>16-18 October (Monday-Wednesday): <a href=\"https:\/\/www.climatelinks.org\/events\/climate-week-2022-2nd-world-conference-climate-change-sustainability\">Climate Week<\/a>, Rome, Italy.<\/p>\n<p>31 October \u2013 2 November (Tuesday-Thursday): <a href=\"https:\/\/www.worldhydropowercongress.org\/\">World Hydropower Conference<\/a>, Bali, Indonesia.<\/p>\n<p><strong>NOVEMBER 2023<\/strong><\/p>\n<p>9-10 November (Thursday-Friday): <a href=\"https:\/\/www.irena.org\/News\/pressreleases\/2023\/Mar\/IRENA-To-Hold-First-Latin-American-Investment-Forum-in-Uruguay\">International Renewable Energy Agency Investment Forum<\/a>, Uruguay.<\/p>\n<p>30 November - 12 December: <a href=\"https:\/\/unfccc.int\/\">Conference of the Parties (COP 28)<\/a>, Dubai, UAE.<\/p>\n<p><strong>EVENTS WITH NO SET DATE<\/strong><\/p>\n<p><strong>End-2022 <\/strong><\/p>\n<p>KSA\u2019s Neom wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/41c4acda-ffa5-4e25-ae17-48b53fc7df69\">tender three concrete water reservoir<\/a> projects to up its water storage capacity by 6 mn liters.<\/p>\n<p><strong>2023 <\/strong><\/p>\n<p>Early 2023: Egypt\u2019s <a href=\"https:\/\/www.karmsolar.com\/\">KarmSolar<\/a> to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">launch KarmCharge<\/a>, the company\u2019s EV charging venture.<\/p>\n<p>1Q2023: Oman will award two blocks of land for green hydrogen projects in Duqm, Oman.<\/p>\n<p>Mid-2023: Sale of Sembcorp Energy India Limited to consortium of Omani investors <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dbe558b6-6166-404f-8aa3-2bd7b56647dd\">to close<\/a>.<\/p>\n<p>Phase C of the 900-MW of the Mohammed bin Rashid Al Maktoum Solar Park in Dubai to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f2f525f9-dc10-477e-a2d5-67e7d6d790c2\">be completed<\/a>.<\/p>\n<p>Saudi Basic Industries Corporation (<a href=\"https:\/\/www.sabic.com\/en\">Sabic<\/a>) steam cracker furnace powered by renewable energy to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c6bbb030-2107-4aec-bc3c-9dfbe4d55975\">come online<\/a>.<\/p>\n<p>4Q2023: Oman to award four blocks of land for green hydrogen projects in Thumrait, Oman.<\/p>\n<p><strong>2024 <\/strong><\/p>\n<p>End-2024: Emirati <a href=\"http:\/\/ar.ae\">Masdar<\/a>\u2019s 500 MW wind farm in Uzbekistan to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/13a804af-a659-4152-82b2-a3c920862f2b\">begin commercial operations<\/a>.<\/p>\n<p><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s industrial cities solar power project <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/afa55bc3-dec6-4f46-b806-25518b05cda1\">will start electricity<\/a> production.<\/p>\n<p>First 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p><strong>2025 <\/strong><\/p>\n<p>Second 1.5 GW phase of Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">be operational<\/a>.<\/p>\n<p>UAE to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9ec60000-0539-4d85-baf5-5beaf020a34f\">have over 1k<\/a> EV charging stations installed.<\/p>\n<p><strong>2026 <\/strong><\/p>\n<p>1Q 2026: <a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\">QatarEnergy<\/a>\u2019s USD 1 bn blue ammonia plant <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">to be completed<\/a>.<\/p>\n<p>End-2026: HSBC Bahrain to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a2ead528-71fb-423b-a6f8-e18b2c9897d8\">eliminate single-use<\/a> PVC plastic cards.<\/p>\n<p>Iraq\u2019s <a href=\"http:\/\/www.massgroupholding.com\/English\/default.aspx\">Mass Group Holding<\/a> wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0239be52-0fa8-43fd-8db9-68f967fb1529\">invest EUR 1 bn<\/a> on its thermal plant Mintia in Romania to have 62% of run on renewable energy, while expanding its energy capacity to at least 1.29k MWh.<\/p>\n<p><strong>2027<\/strong><\/p>\n<p>MENA\u2019s district cooling market is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/59376411-8296-47dc-87cc-43ddc792bba4\">expected to reach<\/a> USD 15 bn.<\/p>\n<p><strong>2030 <\/strong><\/p>\n<p>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">provide AED 35 bn<\/a> in green financing.<\/p>\n<p>UAE <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a9c832ed-f423-479e-884d-90cabefe3a0b\">targets 14 GW<\/a> in clean energy capacity.<\/p>\n<p>Tunisia <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7c5659c7-cf17-4cd6-9d18-c8afb5c643fb\">targets 30%<\/a> of renewables in its energy mix.<\/p>\n<p>Qatar wants to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7881b1d2-724a-4914-ba85-0545e72901c9\">generate USD 17 bn<\/a> from its circular economy, creating 9k-19k jobs.<\/p>\n<p>Morocco\u2019s <a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\">Xlinks<\/a> solar and wind energy project to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/52aefc63-82e3-42e3-8afc-960461fa5288\">generate 10.5 GW<\/a> of energy.<\/p>\n<p><strong>2035 <\/strong><\/p>\n<p>Qatar to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\">capture up to 11 mn tons<\/a> of CO2 annually.<\/p>\n<p><strong>2045 <\/strong><\/p>\n<p>Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity.<\/p>\n<p><strong>2050<\/strong><\/p>\n<p><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\">Tunisia\u2019s carbon neutrality target<\/a>.<\/p>\n<p><strong>2060 <\/strong><\/p>\n<p>Nigeria aims to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ea65a4f2-e77c-426b-8ad0-9120704954f6\">achieve its net-zero<\/a> emissions target.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"","protected":false},"featured_media":76690,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-76689","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"4ce55217-9fc5-4be3-9f93-23077979eba6","teaser":"","photo_url":"https:\/\/ent.news\/2020\/12\/70.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adnoc inks agreement to explore a low-carbon ammonia supply chain with Germany\u2019s North Rhine-Westphalia - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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