{"id":78053,"date":"2023-06-19T01:04:22","date_gmt":"2023-06-19T01:04:22","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78053"},"modified":"2025-12-15T09:07:38","modified_gmt":"2025-12-15T09:07:38","slug":"international-consortium-led-by-south-koreas-posco-awarded-usd-6-7-bn-green-hydrogen-project-in-oman","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/international-consortium-led-by-south-koreas-posco-awarded-usd-6-7-bn-green-hydrogen-project-in-oman\/","title":{"rendered":"International consortium led by South Korea\u2019s Posco awarded USD 6.7 bn green hydrogen project in Oman"},"content":{"rendered":"<section id=\"78055\" 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=\"78055\">\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\/06\/19\/today-intl-consortium-led-by-south-koreas-posco-bags-usd-6-7-bn-green-hydrogen-project-in-oman\/\">\r\n                            TODAY: Int\u2019l consortium led by South Korea\u2019s Posco bags USD 6.7 bn green hydrogen project in Oman                        <\/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\/06\/19\/today-intl-consortium-led-by-south-koreas-posco-bags-usd-6-7-bn-green-hydrogen-project-in-oman\/\" 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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The consortium consists of six companies including four Korean firms and French energy firm Engie.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on this story and much more in the news well, below.<\/strong><\/p>\n<p><strong>HAPPENING TODAY- The <\/strong><strong><a href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/saudi-ministry-of-investment-to-strengthen-collaboration-with-france-at-french-saudi-investment-forum-in-paris-xp2h8lkw\">France-Saudi Arabia Investment<\/a><\/strong><strong><a href=\"https:\/\/www.zawya.com\/en\/press-release\/government-news\/saudi-ministry-of-investment-to-strengthen-collaboration-with-france-at-french-saudi-investment-forum-in-paris-xp2h8lkw\">Forum<\/a><\/strong><strong> will kick off in <\/strong><strong>Paris today<\/strong> bringing together Saudi and French government officials and private sector companies to discuss major investment opportunities in tourism, tech ecosystem, and the energy transition. The forum will feature a panel discussion on the clean energy transition with Saudi Energy Minister Sami AlSaadan, chairperson of French giant utility company EDF International Beatrice Buffon, and Vice President of French multinational supplier of industrial gasses Air Liquide Olivier Randet.<\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- It\u2019s a yes for Switzerland\u2019s climate law<\/strong>: Switzerland\u2019s adherence to curbing its carbon emissions by 2050 was put to the test in a national referendum which saw voters passing a<a href=\"https:\/\/www.admin.ch\/gov\/en\/start\/documentation\/votes\/20230618\/climate-and-innovation-act.html\">climate law<\/a>with a majority of 58%. Around 42% of the voters voted against the law despite a growing popularity of green parties in the last federal election. The law, which was amended after it was rejected in 2021 on grounds that it was too expensive, has been stirring controversy by critics in recent weeks. It introduces measures to slash energy consumption and financial assistance to those who replace their oil, gas or electric heating among others. Supporters say the law was the minimum that rich countries are required to do to prove commitment to the fight against climate change, which opponents from the right wing argue that it would compromise energy security.<\/p>\n<p><strong>The vote grabbed headlines in the international press: <\/strong><a href=\"https:\/\/www.reuters.com\/world\/europe\/swiss-referendum-set-back-global-minimum-corporate-tax-climate-goals-2023-06-18\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-18\/swiss-pass-oecd-minimum-tax-2050-climate-goal-in-national-vote\">Bloomberg<\/a> | <a href=\"https:\/\/www.ft.com\/content\/66d6de29-e8cf-4d4a-ab36-7a754a92bc1b\">The Financial Times<\/a> | <a href=\"https:\/\/www.washingtonpost.com\/world\/2023\/06\/18\/switzerland-climate-referendum-glaciers\/955634e0-0da7-11ee-8132-a84600f3bb9b_story.html\">The Associated Press<\/a> | <a href=\"https:\/\/www.france24.com\/en\/live-news\/20230618-swiss-vote-on-net-zero-climate-law\">AFP<\/a><\/p>\n<hr class=\"grey-line\">\n<p class='web-image'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1373.jpg?ssl=1\" alt='enterprise'><\/p>\n<p><strong>The Enterprise Finance Forum is our flagship gathering \u2014 the one so many of you have <\/strong><strong>been waiting for. <\/strong>The two-day event takes place this September and will be the latest in our must-attend series of invitation-only, C-suite-level gatherings. Stay tuned for more information on the location.<\/p>\n<p><strong>TAP OR CLICK <\/strong><strong><a href=\"https:\/\/finance.enterprise.news\/\">HERE<\/a><\/strong><strong> if you want to express interest in attending. <\/strong>We\u2019ll be sending out the first batch of invitations just after the 30 June holiday.<\/p>\n<p><strong>Do you want to become a commercial partner? <\/strong>Please click <a href=\"https:\/\/finance.enterprise.news\/sponsor.html\">here<\/a>.<\/p>\n<p><strong>STAY TUNED for more detail <\/strong>about our exciting agenda in the weeks to come.<\/p>\n<hr class=\"grey-line\">\n<p><strong>ENTERPRISE IS LOOKING FOR SMART, TALENTED PEOPLE of all backgrounds to help us build some very cool new things.<\/strong> Enterprise \u2014 the essential morning read on all the important news shaping business and the economy in Egypt and the region \u2014 is looking for writers, reporters and editors to help us build out new publications. Today, we run four daily Egypt and MENA-focused publications, five weekly industry verticals, and a weekend lifestyle edition designed to make our readers feel just a bit smarter.<\/p>\n<p><strong>We have tons more in the pipeline \u2014 come help us build new publications.<\/strong> We offer the chance to work in a fast-paced newsroom on a broad range of topics and in a variety of formats. Our goal is simple: To create value for our growing community of >250k daily readers by telling stories that matter.<\/p>\n<p><strong>Journalists looking to explore business, finance and economic stories are welcome. So are recent journalism school graduates.<\/strong><\/p>\n<p><strong>That said, we're looking for gifted story-tellers from all walks of life and across all professions<\/strong>, as long as they show a keen interest in learning to write about the stories, topics, businesses, and figures moving markets. Egyptian and foreign nationals alike are welcome to apply. So are job-switchers: If you\u2019re an equities analyst tired of the rat race, we\u2019re a great place to come work.<\/p>\n<p><strong>NEVER WORKED IN A NEWSROOM BEFORE?<\/strong> We have the Enterprise Business Writing Development Program. Whether you are a recent graduate, an industry vet, or looking to switch careers, the Enterprise Business Writing Development Program will give you the tools you need to tell the most important stories to our audience of C-suite officials, government ministers, diplomats, financiers, investors and entrepreneurs.<\/p>\n<p><strong>During the program you will learn:<\/strong><\/p>\n<ul>\n<li>The key news stories and trends shaping business and the economy in Egypt and the region, across various sectors;<\/li>\n<li>Business and finance for non-finance people: Whether it's industry jargon or key concepts or simply how to read a balance sheet;<\/li>\n<li>How to construct an Enterprise story: From idea formulation down to the structure, style and tone of writing;<\/li>\n<li>How to develop sources that will give you the key insights needed to tell a complete story;<\/li>\n<li>How to communicate these stories with the confidence and language of an insider.<\/li>\n<\/ul>\n<p><strong>Not an internship program \u2014 a career:<\/strong> The three-month program will see full-time, paid participants take part in workshops and lectures from veteran business journalists, while also working on and filing stories that will run on any of our publications. Those who have successfully completed the program, will then be given long-term job offers.<\/p>\n<p><strong>Apply directly to jobs@enterprisemea.com and mention \u201cwriting development program\u201d<\/strong> in your subject line.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a> <strong>OVER IN COPLAND- A discouraging note ahead of COP28?<\/strong> A two-week preparatory meeting for COP28 at Bonn ended with diplomats making progress on setting an agenda but failing to take robust climate action, delegates told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-15\/climate-talks-ahead-of-cop28-raise-concerns-of-weak-outcome?srnd=green\">Bloomberg<\/a> on Thursday. The outcome of the talks, which saw countries only able to agree on an agenda on the second-to-last day, saw a notable omission of the \u201cmitigation work program.\u201d The program would have opened talks on how to accelerate emission cuts and raise funds to help developing countries deploy clean energy, but it faced a pushback from a group of countries that included China, India, and Saudi Arabia. The group made their approval conditional on having the agenda include increasing funding from wealthy nations to help developing countries achieve these goals. Such divergent views have raised concerns that carbon emission cuts and bolstered financing for developing countries will fail to gain traction at COP28 later this year.<\/p>\n<p><strong>Disappointment everywhere:<\/strong> The head of the UN\u2019s Climate Body has expressed dissatisfaction with the outcomes at Bonn, <a href=\"https:\/\/www.reuters.com\/business\/environment\/bonn-climate-talks-prepare-cop28-summit-end-with-little-show-2023-06-16\/\">Reuters<\/a> reported on Friday. \u201cNever satisfied. In terms of whether reasonable progress was made. Yes. Was it enough? We will know as we enter the COP28 itself,\u201d the UN Framework Convention on Climate Change (UNFCCC) Executive Secretary Simon Stiell told Reuters. When asked whether a fossil fuel phaseout or phasedown would be included on the COP28 agenda, he said that the UAE\u2019s presidency was still drafting its vision, and that he expects to hear more in the coming weeks. \u201cScience tells us that what is required in order to reach zero requires phasing out and down of all fossil fuels. We'll see what signals are presented. But the science is very clear,\u201d Stiell added.<\/p>\n<hr class=\"grey-line\">\n<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>WATCH THIS SPACE #1- <\/strong><strong>Masdar-led consortium will pick a consultant for 10 GW Egypt wind <\/strong><strong>farm by next month: <\/strong>The UAE\u2019s Masdar, Infinity Power, and Hassan Allam Utilities are in talks with four unnamed consulting firms \u2014 one British, one Canadian, one French, and one American \u2014 to advise on their planned USD 10 bn <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cf57ac8a-aeb7-487d-a8b9-547c6c2a9cf3\">10 GW wind farm<\/a> in Egypt, <a href=\"https:\/\/www.alborsaanews.com\/2023\/06\/17\/1680300\">Al Borsa<\/a> reported on Saturday, referencing an interview with Infinity General Manager Hesham El Gamal. The consortium plans to sign contracts with the consultant within the next month, Gamal said, adding that they aim to complete feasibility studies and reach financial close on the project within 12 months. The first phase of the project will generate 2 GW of clean energy, according to Gamal, who noted that the infrastructure for the project\u2019s completion is already in place and that all that\u2019s left for the project to become operational is the deployment of wind turbines and establishing connections to the electricity grid.<\/p>\n<p><strong>FURTHER AFIELD- Masdar set to tap Indonesia\u2019s renewable energy potential? <\/strong>UAE renewables giant Masdar has shown interest in exploring clean energy investments in Indonesia\u2019s future capital Nusantara, the Indonesian news agency <a href=\"https:\/\/en.antaranews.com\/news\/285189\/uae-based-firm-shows-interest-in-ikn-clean-energy-investment\">Antara<\/a> reported on Thursday, citing statements by the new capital\u2019s officials. The IKN Authority\u2019s Director of Funding said the authority received a letter of intent from Masdar following a recent visit by the company to the development site, without providing further details on the plan. However, Masdar is interested in the \u201cdevelopment of clean energy in IKN in a mutually beneficial business scheme,\" according to statements by Masdar Director of Development Dony Suryaman.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #2- Taqa Morocco is aiming big on renewables: <\/strong>Taqa Morocco \u2014 a subsidiary of Abu Dhabi National Energy Company (Taqa) \u2014 is planning wind and solar projects with a combined production capacity of 1 GW by 2030, its CEO Abdelmajid Iraqui Houssaini told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-14\/taqa-morocco-plans-1-gigawatt-wind-solar-power-projects-by-2030\">Bloomberg<\/a> on Wednesday. The plans involve generating 900 MW of electricity from wind and 100 MW from solar, he said. The company is also considering investments in desalination projects in the country, he added. \u201cWe look to leverage our group expertise and supply chains to be one of the most competitive developers of water \u2026 since we are already in renewables it makes sense for the company to go there,\u201d Houssaini said.<\/p>\n<p><strong>We know something was in the works:<\/strong> Taqa Morocco said <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b06caef6-5d11-4eb1-8ab4-0e846993ab36\">earlier this year<\/a> that it plans to invest USD 1.6 bn in renewable energy projects by 2030 under an ambitious plan to diversify its activities in renewable energy, green hydrogen, and seawater desalination. It <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8e86b729-eb56-4415-a13c-be571477a457\">recently launched<\/a> Taqa Morocco Green, a new subsidiary which will manage the company\u2019s solar projects and produce green hydrogen.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3-<\/strong><strong> Egypt close to unveiling its low-carbon hydrogen strategy? <\/strong>Egypt is \u201cin the process of putting final touches\u201d on its low-carbon hydrogen strategy, Oil Minister Tarek El Molla <a href=\"https:\/\/bit.ly\/3X8AOJS\">said last week<\/a> on the sidelines of the British-Egyptian Business Association trade mission in London. He said the strategy would include a governance structure in line with the best global practices to help lure in more investments in Egypt\u2019s green hydrogen sector. El Molla also said that the green hydrogen incentives, approved by the Cabinet <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e9bb488d-340c-4d8e-a6cf-a17792457994\">in May<\/a> under efforts to boost the nascent industry, would be adopted soon.<\/p>\n<p><strong>ALSO- Decarbonizing Egypt\u2019s oil industry was on the agenda: <\/strong>El Molla held a series of talks with leading global companies and institutions to promote green investments in the country aimed at lowering carbon emissions, according to a <a href=\"https:\/\/bit.ly\/3N62M4c\">statement<\/a> released on Friday. Discussions with oilfield services firm Baker Hughes on proposed projects and separate talks with Bank of New York Mellon Corp (BNY Mellon) representatives on funding projects were on the table, stressing the importance of international financial institutions\u2019 role in providing concessionary financing to support governments and the private sector for low-carbon projects. El Molla also discussed bolstering cooperation aimed at lowering emissions, energy transition, and the production of green hydrogen with oil giant BP, according to a separate <a href=\"https:\/\/bit.ly\/3NBhqCg\">statement<\/a> by the ministry.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #4- More green hydrogen projects in the region?<\/strong> US-based engineered equipment maker Chart Industries is in talks with several countries in the region over potential hydrogen projects and studies, the company\u2019s Global Director Salah Mahdy told <a href=\"https:\/\/bit.ly\/3qRJ4Sv\">Attaqa<\/a> on Sunday. These include Saudi Arabia, the UAE, Egypt, Oman, and Morocco, Mahdy said. He expressed his company\u2019s readiness to provide state-of-art equipment to support potential hydrogen projects, including the manufacture of hydrogen pipelines as well as green ammonia and methanol production.<\/p>\n<p><strong>WATCH THIS SPACE #5- The EU\u2019s renewable energy law is a done deal:<\/strong> EU ambassadors have agreed on a landmark renewable energy law after weeks of deadlock due to pushback from France and others demanding carve-outs for non-renewable fuels, <a href=\"https:\/\/www.reuters.com\/business\/energy\/eu-countries-strike-deal-renewable-energy-law-with-ammonia-caveat-2023-06-16\">Reuters<\/a> reported on Friday. The approval comes after the Commission agreed on a possible exemption of specific ammonia plants from renewable fuel targets, replacing a <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/44bba0d7-5cd1-4b01-be83-2b2326319694\">floated proposal<\/a> for an escape clause that would allow nuclear power to be used in ammonia production. The law will increase the EU's renewable energy targets, requiring 42.5% of EU energy \u2014 up from the bloc's current 32% target \u2014 to be renewable by 2030. It is unclear if the EU Parliament will have to approve the latest amendment to the agreement.<\/p>\n<p><strong>Another day, another target for emission cuts:<\/strong> The EU should slash greenhouse gas emissions by as much as 95% by 2030 to help bring it forward to its climate neutrality target by 2050, <a href=\"https:\/\/www.reuters.com\/sustainability\/eu-told-slash-greenhouse-gas-emissions-90-95-by-2040-2023-06-14\/\">Reuters<\/a> reported on Thursday, citing the bloc\u2019s advisors. The EU\u2019s advisory board said the goal should be between a 90-95% cut in emissions by 2040 compared to 1990 levels. The advisors said the recommended emissions-reductions target for 2040 would still be insufficient to what should be the bloc\u2019s \u201cfair\u201d contribution on global climate goals given Europe\u2019s decades-long high per-capita emissions in comparison with developing countries.<\/p>\n<p><strong>AND- The fate of a proposed nature law at the EU is unknown after a disarrayed <\/strong><strong>parliamentary vote last week<\/strong>, <a href=\"https:\/\/www.reuters.com\/business\/environment\/fate-eu-nature-law-uncertain-after-chaotic-first-vote-2023-06-15\/\">Reuters<\/a> reported on Thursday. The bloc\u2019s lawmakers failed to agree on the binding measures for the law, which includes a proposal aimed at restoring nature on 20% of the bloc\u2019s land and sea. The EU parliament\u2019s majority group, the European People\u2019s Party (EPP), argued that the proposal be scrapped on grounds that it would undermine food security. The voting is set to resume on 27 June before a decisive vote in the full EU Parliament.<\/p>\n<hr class=\"grey-line\">\n<p><strong>DATA POINT #1- US planemaker Boeing expects the aviation industry globally to <\/strong><strong>add c. 42.5k jets valued at about USD 8 tn through 2042<\/strong>, Boeing VP of marketing Darren Hulst told <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-17\/boeing-sees-8-trillion-jet-market-as-climate-reshapes-travel?srnd=premium-middle-east#xj4y7vzkg\">Bloomberg<\/a>. Boeing\u2019s predictions take into consideration climate change altering travel globally and a rising advocacy against the industry\u2019s emissions. Hulst says airlines would still find ways to raise productivity of their fleets by moving to large jets with denser seating patterns and the global fleet stands to nearly double through 2042 at an annual rate of 3.5%, up from a previous forecast of 2.6%.<\/p>\n<p><strong>DATA POINT #2- Global oil demand growth is expected to slow during the 2022-28 <\/strong><strong>forecast period as the energy transition advances<\/strong>, the International Energy Agency\u2019s (IEA) <a href=\"https:\/\/ent.news\/2023\/6\/1431.pdf\">2023 medium-term outlook report (pdf)<\/a> on global trends in oil demand and supply reveals. While the rate of increase in demand is predicted to slow down, the volume of overall consumption in absolute terms is expected to increase to 105.7 mn barrels per day (bbl \/ d) by 2028, an increase of 5.9 mn bbl \/ d from 2022 levels.<\/p>\n<p><strong>But production will continue to grow, leaving spare capacity of fossil fuels:<\/strong> The IEA\u2019s projections assume that major oil producers will maintain their plans to build up capacity despite the slowdown in demand. The mismatch is predicted to create a spare capacity of at least 3.8 mn bbl \/ d, concentrated in the Middle East. Upstream investments \u2014 <a href=\"https:\/\/www.investopedia.com\/ask\/answers\/060215\/what-difference-between-upstream-and-downstream-oil-and-gas-operations.asp\">exploration and production stages<\/a> \u2014 in 2023 are expected to reach their highest levels since 2015.<\/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>***<\/p>\n<p><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 by 5am Cairo \/ 5am Riyadh \/ 6am UAE.<\/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>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.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR-<\/strong><\/p>\n<p><strong>France will host <\/strong><strong><a href=\"https:\/\/nouveaupactefinancier.org\/en.php\">The Summit for a New Global Financial Pact<\/a><\/strong><strong>on Thursday, 22 June to <\/strong><strong>Friday, 23 June <\/strong>in Paris. The two-day summit will bring together heads of states and heads of multilateral development banks, international organizations, the private sector and international NGOs to shape a new finance \u201ctoolbox\u201d and \u201cpave the way towards a more balanced financial partnership between the north and south.\u201d It will also see new agreements in a bid to relieve debt distress and allow countries to access additional financing to invest in sustainable development and slash emissions.<\/p>\n<p><strong>Thailand will host the <\/strong><strong><a href=\"https:\/\/unfccc.int\/event\/LD_wksp2\">second workshop on addressing loss and damage<\/a><\/strong><strong> from 15-16 July<\/strong> in Bangkok. The workshop will see discussions on pathways to increasing funding for climate-induced loss and damage. The workshop is being held in preparation for the <a href=\"https:\/\/unfccc.int\/event\/tc3\">third meeting of the COP27 Transitional Committee<\/a> in August. The committee is tasked with operationalizing the Loss and Damage Fund, to be approved during the fourth transitional meeting in <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">October<\/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 and news triggers.<\/p><\/p>\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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/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\/uae\/\">UAE<\/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=\"78057\" 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=\"78058\" 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=\"78058\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/international-consortium-led-by-south-koreas-posco-awarded-usd-6-7-bn-green-hydrogen-project-in-oman\/\">\r\n                            International consortium led by South Korea\u2019s Posco awarded USD 6.7 bn green hydrogen project in Oman                        <\/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  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data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/international-consortium-led-by-south-koreas-posco-awarded-usd-6-7-bn-green-hydrogen-project-in-oman\/425-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/425.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"425.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/425.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/5\/425.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78058\" class=\"content-area-description single-story post-78058 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen 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-01\"><\/a> <strong>Another step forward for Oman\u2019s green hydrogen ambitions: <\/strong>A consortium led by South Korea\u2019s steelmaking company <a href=\"https:\/\/www.posco.com\/\">Posco Group<\/a> was awarded a USD 6.7 bn contract to set up what they described as the world\u2019s largest green hydrogen plant in Oman\u2019s Duqm, <a href=\"https:\/\/www.kedglobal.com\/hydrogen-economy\/newsView\/ked202306160032\">The Korea Economic Daily<\/a> reported on Friday, citing sources it says have knowledge of the matter.<\/p>\n<p><strong>What we know:<\/strong> The consortium consists of six companies including four Korean firms, French energy firm Engie, and a Thai corporation, KED reports. Posco will hold a 28% stake in the group, while French energy firm Engie will hold a 25% stake. The remaining ownership will be divided among two unnamed Korean state-run power companies with a 24% stake each, a 12% stake for Samsung Engineering, and the remaining 11% for Thai\u2019s PTT Exploration and Production company.<\/p>\n<p><strong>Who is doing what:<\/strong> <a href=\"https:\/\/www.posco-inc.com:4453\/poscoinc\/v3\/eng\/index.jsp\">Posco Holdings<\/a>, the group\u2019s investment arm, is set to lead the project and manage the plant-building processes in the country, KED notes. Samsung\u2019s construction unit will be tasked with the engineering, procurement and construction (EPC) of the facilities, while the other companies will either produce or sell the green hydrogen generated by the plant.<\/p>\n<p><strong>What we don\u2019t know:<\/strong> The sources did not provide details about the planned production capacity of the plant or an expected timeframe for the project, but a signing ceremony is expected on 21 June by the Omani authorities, according to the Korean news outlet.<\/p>\n<p><strong>June is an eventful month for Oman\u2019s green hydrogen:<\/strong> Oman\u2019s state-owned hydrogen company Hydrom \u2014 owned by Energy Development Oman \u2014 signed three agreements <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f55f6918-4f7c-49d1-912f-122079557fdb\">earlier this month<\/a> granting the first three blocks of land for planned green hydrogen plants worth USD 20 bn. The three projects will have a cumulative production volume of 500k tons annually. It had signed six binding term sheet agreements \u2014 which it said were worth in excess of USD 20 bn at the time \u2014 with several regional and international developers for the production of green hydrogen back <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/40455595-d905-4d49-a583-ee97e18a20cb\">in March<\/a>.<\/p>\n<p><strong>The sultanate has big ambitions:<\/strong> Oman is on track to become the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/95960906-4e15-4ecb-8c7c-2cd4bd1841d6\">sixth-largest exporter of<\/a><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/95960906-4e15-4ecb-8c7c-2cd4bd1841d6\">hydrogen<\/a> globally, according to a recent International Energy Agency <a href=\"https:\/\/ent.news\/2023\/6\/1384.pdf\">report (pdf)<\/a>. Meeting Oman\u2019s target of producing 1 mn tons of low-carbon hydrogen annually by 2030 will require a 50 TWh increase in renewable power \u2014 which is more than the current size of the country\u2019s entire electricity system. However, Oman\u2019s abundant renewable energy resources, vast tracts of land, existing fossil fuel infrastructure that can be repurposed, and extensive expertise in handling and exporting LNG and ammonia should help the country reach its target.<\/p>\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\/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=\"78060\" 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=\"78060\">\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\">AVIATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/\">\r\n                            The US Department of Commerce in Cairo brings together industry leaders to discuss regional SAF production                        <\/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\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/\" 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\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/')\">\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\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/\">\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 Department of Commerce in Cairo brings together industry leaders to discuss regional SAF production&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/\">\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\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/&title=The US Department of Commerce in Cairo brings together industry leaders to discuss regional SAF production\">\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+Department+of+Commerce+in+Cairo+brings+together+industry+leaders+to+discuss+regional+SAF+production+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F19%2Fthe-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production%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\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1399.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78061\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/the-us-department-of-commerce-in-cairo-brings-together-industry-leaders-to-discuss-regional-saf-production\/1399-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1399.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1399.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1399.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1399.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78060\" class=\"content-area-description single-story post-78060 post type-post status-publish format-standard has-post-thumbnail hentry category-aviation tag-aviation tag-boeing tag-egypt tag-enterpriseclimate tag-general-electric tag-masdar tag-sustainable-aviation-fuels tag-uae 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-02\"><\/a> <strong>Could Egypt position<\/strong><strong> itself as a regional hub for SAF production?<\/strong> The US Commercial Service of the US Department of Commerce and the US Embassy in Cairo held a roundtable discussion attended by Enterprise Climate on decarbonizing the aviation industry and growing the use of sustainable aviation fuel (SAF) in Egypt and beyond last Thursday. GE Aerospace, Boeing, Egypt Air, and representatives from the Egyptian government discussed the importance of using SAF to slash CO2 emissions by as much as 80% over the green fuels\u2019 life cycle and the future of Egypt\u2019s contribution to SAF production.<\/p>\n<p><strong>Aviation industry emissions are set to grow by 2030:<\/strong> While the aviation industry currently accounts for 2.5% of global emissions and 12.5% of the transportation sector\u2019s greenhouse gasses, emissions are set to grow by 2030 as passenger numbers swell from the current 4.5 bn to 10 bn, Regional Head of Global Sustainability Policy and Partnerships at Boeing International for MENA and Turkey Mohamed Al Ghailani noted. The volume of goods transported by the air freight forwarding sector is also set to increase from a current USD 7 tn to USD 9 tn worth of goods by the end of the decade, he added.<\/p>\n<p><strong>African countries need financing and knowledge transfer programs to become regional <\/strong><strong>hubs for SAF production<\/strong>, Director of Fuel and Emission at EgyptAir Ahmed Mattar said. The Egyptian airline will source a minimum of 2% of its fuel needs from SAFs from Europe, he told Enterprise Climate, noting that EgyptAir is also working with Egypt\u2019s Environment Ministry and Oil Ministry to source more of its fuel needs from SAFs.<\/p>\n<p><strong>Egypt is well-positioned to supply SAF: <\/strong>The US private sector is looking to tap Egypt for SAF production, Regional Minister Counselor for Commercial Affairs Keith Kirkham said. US companies are currently exploring cooperation pathways with both the private and public sectors of Egypt to jointly produce SAFs, Kirkham noted. \u201cWe think there is potential for Egypt to develop as a potential producer of SAFs given the EU conditions that require air carriers to use sustainable aviation fuels even when transiting,\u201d he told Enterprise Climate. \u201cEgypt, rather than being a buyer, could be a seller of this, which would have an obvious export earning potential,\u201d he added. Technology, infrastructure, and high costs are some of the challenges currently hindering the growth of the sector locally, Mattar noted.<\/p>\n<p><strong>Egypt has been courting investments:<\/strong> CEO of Egypt\u2019s Waste Management Regulatory Agency Tarek El-Araby met with representatives from Egypt\u2019s state-owned Petrochemical Holding Company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b0736ae9-b237-4334-a3bf-8afd9ee2f2de\">last month<\/a> to discuss potentially investing USD 200 mn to recycle cooking oils to produce sustainable aviation fuel and biodiesel.<\/p>\n<p><strong>Production is still ramping up: <\/strong>Global production rates of SAF tripled to 300 mn liters in 2022 and 130 renewable fuel projects by 85 producers in 30 countries are intent on producing SAF as part of their production of renewable fuels, according to the <a href=\"https:\/\/www.iata.org\/en\/pressroom\/2023-releases\/2023-06-06-01\/\">International Air Transport Association<\/a>.<\/p>\n<p><strong>But there are challenges: <\/strong>SAFs are costly and their adoption has been sluggish. Their cost is 3-4x more expensive than kerosene, making their use less price competitive and thereby decreasing their production \u2014 which was estimated to have reached 0.1% of global jet fuel consumption, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2021-11-10\/airlines-rush-toward-sustainable-fuel-but-supplies-are-limited#xj4y7vzkg\">Bloomberg<\/a>.<\/p>\n<p><strong>The UAE\u2019s Masdar is going big on SAF investments: <\/strong>UAE renewables company Masdar recently <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e8230c15-8513-4dcd-9dbe-67e14f8bcd8c\">signed<\/a> an agreement with Airbus to jointly develop sustainable aviation fuels, green hydrogen, and direct air capture technologies. The agreement also sees the companies launching a <a href=\"https:\/\/rsb.org\/book-claim\/#:~:text=In%20aviation%2C%20book%20and%20claim,attributes%20to%20their%20corporate%20partners.\">book and claims<\/a> framework that would enable aircraft operators to source their SAF supplies without being geographically connected to a stockpile site. The renewables giant is also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fe816882-70d1-498c-9017-d4c20fe76a56\">looking to establish<\/a> MENA\u2019s first commercial-scale SAF production facility in Abu Dhabi. Masdar, Adnoc, Emirates Airways, and Tadweer are conducting the feasibility study for the project with BP.<\/p>\n<p><strong>And it\u2019s picking up regionally:<\/strong> Omani biofuels producer Wakud <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b7153da-0753-4a22-a2c0-83103e04521f\">plans<\/a> to establish a plant with a capacity of 250 tons per day at an investment cost between USD 120-150 mn in partnership with Omani-British green energy venture X2E, which will produce sustainable aviation fuel and marine fuels by 2025.<\/p>\n<p><strong>IN OTHER SUSTAINABLE AVIATION NEWS- <\/strong><\/p>\n<p><strong>France stepping up efforts in SAF production:<\/strong> French President Emmanuel Macron said EUR 1 bn will be granted to help fund a SAF plant and efforts by private airlines to develop cleaner planes, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-16\/france-grants-aid-to-help-build-1-billion-green-jet-fuel-plant?srnd=green\">Bloomberg<\/a> reported on Friday. The pledged aid includes EUR 200 mn to help develop renewable jet fuel projects, including one in southern France by French startup Elyse Energy, Macron said. The French biofuel startup and its partners, which include TotalEnergies, plan to invest EUR 1 bn to produce synthetic jet-fuel using wood waste and low-carbon hydrogen. Elyse Energy aims to have a final investment decision on the plant by 2026 and plans to launch operations in 2028.<\/p>\n<p><strong>Airlines want EU taxpayers to bear cost of sustainable air travel: <\/strong>Representatives of airlines including Neste Oyj, KLM, and Etihad Airways are calling on EU lawmakers to replicate US incentives to help airlines transition to SAF, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-16\/airlines-demand-europe-s-taxpayers-bear-the-cost-of-clean-flying?srnd=green\">Bloomberg<\/a> reported on Friday. Airline executives are warning that while the US\u2019 USD 369 bn Inflation Reduction Act (IRA) provides subsidies of USD 1.75 per gallon of SAF used, Europe \u2014 which will require SAF to comprise at least 6% of aviation fuel by 2030 \u2014 is lagging behind. EU mandates on SAF use, as well as flight restrictions to curb CO2 emissions, could send air fares \u201cthrough the roof,\u201d Bloomberg quotes Emirates Airline President Tim Clark as saying ahead of the <a href=\"https:\/\/www.siae.fr\/en\/\">Paris Air Show<\/a>, which starts today.<\/p>\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\/aviation\/\">Aviation<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/boeing\/\">Boeing<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/general-electric\/\">General Electric<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/masdar\/\">Masdar<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainable-aviation-fuels\/\">sustainable aviation fuels<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/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=\"78062\" 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                            \"\r\n            id=\"78062\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/78062\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78062\" class=\"content-area-description single-story post-78062 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\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<section id=\"78063\" 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=\"78063\">\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\">RECYCLING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/\">\r\n                            Morocco\u2019s Dolidol launches MAD 200 mn PET recycling plant                        <\/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\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/\" 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\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/')\">\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\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/\">\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=Morocco\u2019s Dolidol launches MAD 200 mn PET recycling plant&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/\">\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\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/&title=Morocco\u2019s Dolidol launches MAD 200 mn PET recycling plant\">\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=Morocco%E2%80%99s+Dolidol+launches+MAD+200+mn+PET+recycling+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F19%2Fmoroccos-dolidol-launches-mad-200-mn-pet-recycling-plant%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\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1400.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78064\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/moroccos-dolidol-launches-mad-200-mn-pet-recycling-plant\/1400-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1400.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1400.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1400.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1400.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78063\" class=\"content-area-description single-story post-78063 post type-post status-publish format-standard has-post-thumbnail hentry category-recycling tag-dolicen tag-dolido tag-enterpriseclimate tag-morocco tag-pet tag-recycling tag-textile 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-03\"><\/a> <strong>Another green push for Morocco\u2019s textile industry:<\/strong> Morocco\u2019s leading polyurethane foam and bedding brand <a href=\"https:\/\/www.dolidol.ma\/\">Dolidol<\/a> has launched its greenfield plastic recycling business Dolicen, a <a href=\"https:\/\/bit.ly\/3JlWBIe\">statement<\/a> by Morocco\u2019s Industry and Commerce Ministry read on Saturday. Dolicen will specialize in manufacturing PET products through polyethylene terephthalate.<\/p>\n<p><strong>What we know:<\/strong> With an investment value of MAD 200 mn, the plant aims to manufacture up to 12k tons of finished products and recycle over 600 mn PET bottles annually. Its production capacity would help fully meet 100% of Dolidol\u2019s in-country needs, helping cut reliance on imported polyester. It is set to provide 100 direct and 1k indirect job opportunities, according to the statement.<\/p>\n<p><strong>Morocco has been making efforts to green its textile industry:<\/strong> The kingdom set up a MAD 1 bn textile recycling project partially powered by renewables with Portugal <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cb2d5f1f-7be7-4f50-b003-f3b8762fa1e7\">last month<\/a>. The facility aims to recycle fabric waste from textile factories in the country, targeting a daily production capacity of 30 tons of textiles starting 2027. The project will help eliminate textile waste, which is estimated at 83.2k tons annually, an International Finance Corporation (IFC) <a href=\"https:\/\/www.ifc.org\/wps\/wcm\/connect\/36d3e4c0-0e9e-4400-ba0e-83c11663e178\/circularity-and-morocco-textile-industry-en.pdf?MOD=AJPERES&CVID=owaPeuy\">report (pdf)<\/a> showed, citing 2021 data from the UNIDO and SwitchMed. Most of the waste can be recycled through modern shredding lines, according to the study.<\/p>\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\/dolicen\/\">Dolicen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dolido\/\">Dolido<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pet\/\">PET<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/recycling\/\">recycling<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/textile\/\">textile<\/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=\"78065\" 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=\"78065\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/spains-iberdrola-will-build-100-mw-captive-solar-plant-for-ksas-sabic-in-spain\/\">\r\n                            Spain\u2019s Iberdrola will build 100 MW captive solar plant for KSA\u2019s SABIC in Spain                        <\/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\/06\/19\/spains-iberdrola-will-build-100-mw-captive-solar-plant-for-ksas-sabic-in-spain\/\" 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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The solar plant \u2014 which would require c.EUR 70 mn in investment \u2014 would see Iberdrola install 263k solar panels and is expected to come online in 2024.<\/p>\n<p><strong>We\u2019d already known about this: <\/strong>SABIC and Iberdrola <a href=\"https:\/\/www.sabic.com\/en\/news\/24033-sabic-chemical-plant-to-become-world-s-first-of-its-kind-to-operate-on-100-renewable-power\">signed in 2020<\/a> an agreement on the 100 MW solar PV facility as part of a plan to make the Saudi company\u2019s polycarbonate facility in Spain the world\u2019s first large-scale chemical production site to fully operate on renewables. The solar farm will allow SABIC\u2019s customers \u2014 including those in the automotive and construction sectors \u2014 to access polycarbonate solutions manufactured entirely through renewable energy.<\/p>\n<p><strong>All part of SABIC\u2019s ambitious targets:<\/strong> The solar facility should help the Saudi chemical producer <a href=\"https:\/\/www.sabic.com\/en\/news\/24033-sabic-chemical-plant-to-become-world-s-first-of-its-kind-to-operate-on-100-renewable-power\">meet its target<\/a> of having 4 GW of wind or solar energy installed for its sites globally by 2025 and 12 GW by 2030.<\/p>\n<p><strong>More to come? <\/strong>Iberdrola and SABIC plan to fully decarbonize their Cartagena plants by 2028, the statement noted. \u201cWe continue to work closely with SABIC to implement additional solutions to achieve full decarbonization at any facility globally,\u201d Iberdrola\u2019s Director of Global Customers and PPAs Raquel Blanco at Iberdrola said.<\/p>\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\/renewables\/\">renewables<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sabic\/\">Sabic<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/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=\"78067\" 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=\"78067\">\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\">CARBON MARKETS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/\">\r\n                            KSA\u2019s RVCMC signs MoUs with Eveready EA, Carbon Vista Nigeria for carbon projects                        <\/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\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/\" 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\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/')\">\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\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/\">\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=KSA\u2019s RVCMC signs MoUs with Eveready EA, Carbon Vista Nigeria for carbon projects&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/\">\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\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/&title=KSA\u2019s RVCMC signs MoUs with Eveready EA, Carbon Vista Nigeria for carbon projects\">\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=KSA%E2%80%99s+RVCMC+signs+MoUs+with+Eveready+EA%2C+Carbon+Vista+Nigeria+for+carbon+projects+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F19%2Fksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects%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\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78068\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/ksas-rvcmc-signs-mous-with-eveready-ea-carbon-vista-nigeria-for-carbon-projects\/agreement-1600px1-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"agreement-1600px1.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/11\/agreement-1600px1.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78067\" class=\"content-area-description single-story post-78067 post type-post status-publish format-standard has-post-thumbnail hentry category-carbon-markets tag-carbon-markets tag-enterpriseclimate tag-rvcmc tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>A successful carbon auction by the Saudis:<\/strong> Saudi Arabia\u2019s Regional Voluntary Carbon Market Company (RVCMC) signed two MoUs with Kenya\u2019s main dry cell battery maker Eveready East Africa and Carbon Vista Nigeria to set up high-quality and impactful carbon projects in the two countries, <a href=\"https:\/\/sp.spa.gov.sa\/viewstory.php?lang=ar&newsid=2462211\">SPA<\/a> reported on Thursday. No more details were disclosed on the MoUs which were signed on the sidelines of a carbon credit auction hosted by the RVCMC last week. The auction \u2014 described as the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a86c6cf4-8b17-4320-a2af-33c23bf7d8ab\">largest-ever voluntary carbon credit auction<\/a> \u2014 saw the sale of over 2.2 mn tons of carbon credits amid strong demand.<\/p>\n<p><strong>What we know:<\/strong> The auction saw some 16 Saudi regional and international entities participating, with Aramco, the Saudi Electricity Company (SEC), and Neom subsidiary Enowa purchasing the largest number of carbon credits. It offered high-quality Corsia-eligible and Verra-registered carbon credits, which can allow buyers operating in several industries to play their part in the global transition. The auction saw a clearing price of SAR 23.50 per ton of carbon credits. Last week\u2019s sale by the company \u2014 established by Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) and the Saudi Tadawul Group \u2014 beat the sale of some 1.4 mn tons of carbon credits during its first auction, which was held in Riyadh <a href=\"https:\/\/carboncredits.com\/saudi-pif-largest-corsia-compliant-carbon-credits-auction\/\">last October<\/a>.<\/p>\n<p><strong>Where are the proceeds going? <\/strong>Funds generated by the sale of RVCMC\u2019s carbon credits will be channeled to a basket of credits including 18 projects that represent a mix of CO2 avoidance and removal, including renewable energy projects and others. Most of the carbon credits auctioned came from countries in the region and sub-saharan Africa, including Egypt, Morocco, Rwanda, Uganda, Kenya, Burundi, and South Africa.<\/p>\n<p><strong>REMEMBER- The voluntary carbon market is picking up pace:<\/strong> The voluntary carbon market quadrupled to some USD 2 bn <a href=\"https:\/\/www.ecosystemmarketplace.com\/articles\/the-art-of-integrity-state-of-the-voluntary-carbon-markets-q3-2022\/\">in 2021<\/a>, and could be worth in excess of USD 50 bn in 2023, according to McKinsey. The <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e2f2016c-930f-4150-83e4-11d44182e14f\">UAE<\/a> and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/718135b9-1d1d-4ab7-9107-02e2be931079\">Egypt<\/a> are also working to establish carbon exchanges.<\/p>\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\/carbon-markets\/\">carbon markets<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/rvcmc\/\">RVCMC<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78069\" 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=\"78069\">\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\">MINING<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/\">\r\n                            Sawiris-backed La Mancha backs USD 1 bn Brazilian critical metals acquisition                        <\/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\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/\" 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\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/')\">\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\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/\">\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=Sawiris-backed La Mancha backs USD 1 bn Brazilian critical metals acquisition&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/\">\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\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/&title=Sawiris-backed La Mancha backs USD 1 bn Brazilian critical metals acquisition\">\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=Sawiris-backed+La+Mancha+backs+USD+1+bn+Brazilian+critical+metals+acquisition+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F19%2Fsawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition%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\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1401.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78070\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/sawiris-backed-la-mancha-backs-usd-1-bn-brazilian-critical-metals-acquisition\/1401-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1401.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1401.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1401.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1401.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78069\" class=\"content-area-description single-story post-78069 post type-post status-publish format-standard has-post-thumbnail hentry category-mining tag-critical-metals tag-enterpriseclimate tag-mining 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>La Mancha<\/strong><strong> chips in USD 100 mn for Brazilian mine acquisitions: <\/strong>The <a href=\"https:\/\/lamancharesourcecapital.com\/\">La Mancha Fund<\/a> \u2014 backed by Egyptian investor Naguib Sawiris \u2014 is backing the USD 1 bn acquisition of two Brazilian mines by London-listed SPAC <a href=\"https:\/\/www.acgcorp.co\/\">ACG Acquisition Company<\/a>, according to a <a href=\"https:\/\/ent.news\/2023\/6\/814.pdf\">statement (pdf)<\/a> released last week. The fund has invested USD 100 mn in support of the deal, which will see the blank-check firm acquire the <a href=\"https:\/\/atlanticnickel.com\/uk\/\">Santa Rita nickel sulfide<\/a> and the <a href=\"https:\/\/vale-verde.com\/uk\/index.php\/projeto-serrote\/\">Serrote copper<\/a> mines in Brazil.<\/p>\n<p><strong>Big name investors behind the takeover:<\/strong> The acquisition is also being backed by global commodities giant Glencore, Chrysler parent <a href=\"https:\/\/www.stellantis.com\/en\">Stellantis<\/a>, and VW\u2019s battery unit <a href=\"https:\/\/www.powerco.de\/\">PowerCo<\/a>. Each \u2014 including La Mancha \u2014 will invest USD 100 mn to purchase themines. PowerCo\u2019s USD 100 mn investment will come in the form of a nickel prepayment.<\/p>\n<p><strong>Metals refined for EV batteries:<\/strong> The metals will be refined at Glencore\u2019s facilities in Western Europe and North America and the refined metals will then be used by Stellantis, PowerCo and other manufacturers to make EV batteries.<\/p>\n<p><strong>ACG gets a new name and new owners:<\/strong> The firm will change its name to ACG Electric Metals and issue new shares, giving Glencore, Stellantis and La Mancha a 51% ownership stake and leaving 49% for free float, ACG CEO Artem Volynets told <a href=\"https:\/\/www.reuters.com\/markets\/deals\/glencore-automakers-back-1-bln-nickel-copper-spac-deal-brazil-2023-06-12\/\">Reuters<\/a>.<\/p>\n<p><strong>BACKGROUND: <\/strong>La Mancha in 2021 transformed itself into a <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/b65943c0-3188-4aee-8b65-4ed39716e7fc\">USD 1.4 bn mining fund<\/a> that includes all of La Mancha\u2019s current gold mining assets as well as a USD 100 mn contribution from an unnamed strategic investor.<\/p>\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\/critical-metals\/\">critical metals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mining\/\">MINING<\/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=\"78071\" 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=\"78071\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">8<\/div>\r\n\r\n                    <p class=\"f-graphik\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/\">\r\n                            IFC signs partnership with Morocco\u2019s M6FI to identify and finance green infrastructure projects                        <\/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\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/\" 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\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/')\">\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\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/\">\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=IFC signs partnership with Morocco\u2019s M6FI to identify and finance green infrastructure projects&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/\">\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\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/&title=IFC signs partnership with Morocco\u2019s M6FI to identify and finance green infrastructure projects\">\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=IFC+signs+partnership+with+Morocco%E2%80%99s+M6FI+to+identify+and+finance+green+infrastructure+projects+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F19%2Fifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects%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\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/913.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78072\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/ifc-signs-partnership-with-moroccos-m6fi-to-identify-and-finance-green-infrastructure-projects\/913-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/913.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"913.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/913.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/1\/913.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78071\" class=\"content-area-description single-story post-78071 post type-post status-publish format-standard has-post-thumbnail hentry category-green-finance tag-enterpriseclimate tag-green-economy tag-green-finance tag-ifc tag-morocco wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Morocco\u2019s M6FI gets a boost from the IFC:<\/strong> Morocco\u2019s <a href=\"https:\/\/fm6i.ma\/en\/homepage\/\">Mohammed VI Fund for<\/a><a href=\"https:\/\/fm6i.ma\/en\/homepage\/\">Investment<\/a> (M6FI) signed a partnership agreement with the International Finance Corporation (IFC) for support in identifying and financing sustainable infrastructure projects, <a href=\"https:\/\/www.moroccoworldnews.com\/2023\/06\/355929\/ifc-mohammed-vi-fund-team-up-to-finance-moroccos-sustainable-infrastructure-projects\">Morocco World News<\/a> reported last week. The size and timeline for the agreed plan was not disclosed, in addition to the type of infrastructure projects of interest.<\/p>\n<p><strong>The details:<\/strong> The M6FI will launch a sub-fund to receive investments from both Moroccan and international partners to funnel towards sustainable infrastructure projects. Under the partnership agreement, the IFC will share its expertise in structuring, governance, and financing of infrastructure projects.<\/p>\n<p><strong>About M6FI:<\/strong> M6FI was established in 2020 with an initial capital of MAD 15 bn (USD 1.5 bn), and a goal to bring in MAD 30 bn (USD 3 bn) of additional private capital, according to the news outlet. The fund aims to generate a total investment budget of over MAD 150 bn (USD 15 bn).<\/p>\n<p><strong>REMEMBER- The fund was looking to expand its investments last year, including in <\/strong><strong>renewables:<\/strong> The fund was looking to raise <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/54a65045-7742-485b-befc-efb0ce22c5e3\">USD 14 bn<\/a> to ramp up private sector investments, including in renewables projects, the Kingdom\u2019s Investment Minister Mouhcine Jazouli told Bloomberg Asharq at the time. The country expects to raise USD 4.2 bn locally and the remaining USD 8-10 bn from Europe and the GCC.<\/p>\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\/green-economy\/\">Green Economy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ifc\/\">IFC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/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=\"78073\" 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=\"78073\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/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\/06\/19\/chinas-yichun-city-halts-mining-for-lithium-cruise-ships-in-europe-are-releasing-4x-more-sulphuric-gasses-than-cars\/\">\r\n                            China\u2019s Yichun city halts mining for lithium + Cruise ships in Europe are releasing 4x more sulphuric gasses than cars                        <\/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\/06\/19\/chinas-yichun-city-halts-mining-for-lithium-cruise-ships-in-europe-are-releasing-4x-more-sulphuric-gasses-than-cars\/\" 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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Extracting and smelting lepidolite \u2014 the rock from which lithium metal is extracted \u2014 produces toxic by-products like thallium and tantalum that cause \u201csevere water pollution,\u201d assistant professor at Xiamen University Wu Wei told the newswire. Yichun authorities have shut down some plants due to complaints of environmental damage.<\/p>\n<p><strong>But plans to expand lithium production are still in motion:<\/strong> While monthly lithium output in Yichun has fallen by about a third, the city still plans to quadruple its output to about 500k metric tons of lithium carbonate \u2014 the <a href=\"https:\/\/investingnews.com\/lithium-carbonate\/\">first chemical<\/a> in the lithium production chain \u2014 by 2025. If the target is met, tailings \u2014 or waste left from mining \u2014 would increase 10 fold to 10 mn tons, director of Yichun's lithium battery new energy industry development center Lv Jun said.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Sulfur and nitrous emissions from cruise ships surge:<\/strong> Cruise ships in Europe released 4x more sulphuric gasses into the atmosphere than all of the continent\u2019s combined emissions from passenger vehicles, the <a href=\"https:\/\/www.ft.com\/content\/8727387d-590d-43bd-a305-b5ec208a4dfe\">Financial Times<\/a> reported on Thursday, citing a report by climate lobby group Transport & Environment. Despite the International Maritime Organization introducing a 0.5% cap on sulfur content in marine fuels in 2020, dozens of extra cruise ships have been added to the fleets of major operators, increasing overall emissions. Additionally, emissions of nitrous oxides and fine particles \u2014 both linked to respiratory diseases and lung cancer \u2014 have increased by 18% and 25% respectively since 2019.<\/p>\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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/mining\/\">MINING<\/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=\"78075\" 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=\"78075\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">10<\/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\/06\/19\/acwa-power-and-huawei-partner-on-renewables-rd-program-petrojet-and-huawei-digital-power-team-up-on-oil-and-gas-decarbonization-and-a-new-chinese-ev-is-hitting-ksas-streets\/\">\r\n                            Acwa Power and Huawei partner on renewables R&#038;D program, Petrojet and Huawei Digital Power team up on oil and gas decarbonization, and a new Chinese EV is hitting KSA\u2019s streets                        <\/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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streets&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/acwa-power-and-huawei-partner-on-renewables-rd-program-petrojet-and-huawei-digital-power-team-up-on-oil-and-gas-decarbonization-and-a-new-chinese-ev-is-hitting-ksas-streets\/\">\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\/06\/19\/acwa-power-and-huawei-partner-on-renewables-rd-program-petrojet-and-huawei-digital-power-team-up-on-oil-and-gas-decarbonization-and-a-new-chinese-ev-is-hitting-ksas-streets\/&title=Acwa Power and Huawei partner on renewables R&#038;D program, Petrojet and Huawei Digital Power team up on oil and gas decarbonization, and a new Chinese EV is hitting KSA\u2019s streets\">\n      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\r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/acwa-power-and-huawei-partner-on-renewables-rd-program-petrojet-and-huawei-digital-power-team-up-on-oil-and-gas-decarbonization-and-a-new-chinese-ev-is-hitting-ksas-streets\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1403.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78076\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/19\/acwa-power-and-huawei-partner-on-renewables-rd-program-petrojet-and-huawei-digital-power-team-up-on-oil-and-gas-decarbonization-and-a-new-chinese-ev-is-hitting-ksas-streets\/1403-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1403.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1403.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1403.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1403.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78075\" class=\"content-area-description single-story post-78075 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-acwa-power tag-also-on-our-radar tag-decarbonization tag-egypt tag-enterpriseclimate tag-evs tag-renewables tag-saudi-arabia 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-08\"><\/a> <strong>Acwa Power and Huawei partner on renewables R&D program:<\/strong> KSA\u2019s Acwa Power has inked an MoU with China\u2019s Huawei Digital Power to develop a joint research and development (R&D) program that aims to localize photovoltaic string production tech in Saudi Arabia, according to a <a href=\"https:\/\/www.acwapower.com\/news\/acwa-power-and-huawei-to-spur-innovation-in-local-renewable-energy-and-storage-development\/\">statement<\/a> released on Friday. The program will work on maximizing the efficiency of Acwa Power\u2019s solar panels to push down installation and maintenance costs associated with solar projects while reducing balance of system costs. The agreement may also see the two sides partner on the deployment of microgrid power systems to optimize energy performance, load balancing, and grid stability, which will in turn accelerate the transition to renewables and help KSA move away from fossil fuels, the statement notes.<\/p>\n<p><strong>Egyptian contractor <\/strong><strong><a href=\"https:\/\/www.petrojet.com.eg\/\">Petrojet<\/a><\/strong> <strong>and <\/strong><strong><a href=\"https:\/\/digitalpower.huawei.com\/en\/\">Huawei Digital Power<\/a><\/strong><strong> signed an MoU to increase <\/strong><strong>collaboration in projects aimed at reducing emissions in the petroleum field<\/strong>, according to a <a href=\"https:\/\/www.petrojet.com.eg\/news-details\/15094?lang=en\">statement<\/a> released on Friday. The agreement aims to have Huawei use its newest technologies in solar energy storage and green data centers to improve energy efficiency and decrease dependence on diesel. Some technologies will be used in operating machines and controlling systems in oil and gas facilities and their pipelines.<\/p>\n<p><strong>Omoda and Jaecoo \u2014 a subsidiary of China\u2019s Cherry Group \u2014 will launch its first <\/strong><strong>electric car \u2014 the Omoda 5 EV \u2014 in Saudi Arabia\u2019s markets in 4Q 2023<\/strong>, <a href=\"https:\/\/www.alwatan.com.sa\/article\/1128475\">Al Watan<\/a> reported on Thursday. The sales will be managed by the company\u2019s international office in Riyadh \u2014 expected to launch in the <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/omoda-and-jaecoo-is-set-to-launch-in-ksa-this-year-fjiswgoc\">next quarter<\/a> \u2014 marking a different approach than other car manufacturing companies that rely on major distributors to carry out sales in the Saudi Arabian market. The Omoda 5 EV is a two-door, four-seater EV with a 61kWh battery offering a range of 450 km with over 204 horsepower and a fast charge time of 35 minutes.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>UAE<\/strong> waste management company <strong>Beeah Group<\/strong> has signed an <strong>MoU<\/strong> with sustainable cleaning technology company <strong><a href=\"https:\/\/www.kaercher.com\/ae\/\">Karcher Middle East<\/a><\/strong> to supply the Group with <strong>equipment<\/strong> for <strong>enhancing its waste management operations<\/strong>. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303169069\">Wam<\/a>)<\/li>\n<li><strong>BMW<\/strong> became the <strong>first client<\/strong> to purchase<strong> Emirates Global Aluminium\u2019s<\/strong> <strong>CelestiAL-R<\/strong> <strong>aluminum blend<\/strong> \u2014 aluminum produced using <strong>solar energy<\/strong> while integrating scrap metals in its process. (<a href=\"https:\/\/www.linkedin.com\/posts\/emirates-aluminium_today-we-announced-that-bmw-group-is-the-activity-7075032879692476421-PTzf?utm_source=share&utm_medium=member_desktop\">Statement<\/a>)<\/li>\n<li><strong>Qatar<\/strong> and <strong>South Korea<\/strong> have committed to push for four MoUs to boost cooperation on <strong>smart grids<\/strong>, <strong>power generation<\/strong>, and marine transport during the <strong>Qatari-Korean Investment Forum<\/strong> in Seoul. (<a href=\"https:\/\/en.yna.co.kr\/view\/AEN20230615005651320\">Yonhap News Agency<\/a>)<\/li>\n<li><strong>Al Futtaim Auto & Machinery Company<\/strong> <a href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/314b6691-0450-408b-a26b-ecf55b9b86e8\">has launched<\/a> the region\u2019s first-ever heavy-duty <strong>electric<\/strong> truck. (<a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/famco-launches-the-first-ever-heavy-duty-electric-truck-range-in-the-middle-east-by-volvo-qwqhzjdq\">Statement<\/a>)<\/li>\n<li><strong>KSA-based Al Fanar Construction <\/strong>is earmarking <strong>SAR 10 bn (USD 2.67 bn) <\/strong>to build and operate <strong>five temporary housing complexes<\/strong> in <strong>Neom<\/strong>. The project will include<strong> solar power<\/strong>, <strong>wastewater treatment<\/strong>, and <strong>computerized waste management facilities<\/strong> to ensure the complex\u2019s sustainability. (<a href=\"https:\/\/www.okaz.com.sa\/economy\/na\/2136361\">Al Okaz<\/a>) <\/li>\n<li><strong>UAE-based<\/strong> <strong><a href=\"http:\/\/www.magnusgreensolar.com\/\">Magnus Green Solar<\/a><\/strong> partnered with <strong>India\u2019s Cliantech Solutions<\/strong> to set up a <strong>fully automated solar module manufacturing line<\/strong> with an initial <strong>annual capacity<\/strong> of <strong>600 MW<\/strong>, to later be expanded to <strong>1.2 GW <\/strong>over two phases. The production line will be the first of its kind in the region. (<a href=\"https:\/\/solarquarter.com\/2023\/06\/15\/cliantech-solutions-to-build-state-of-the-art-solar-manufacturing-facility-in-uae\/\">Solar Quarter<\/a>)<\/li>\n<\/ul>\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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/evs\/\">EVs<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"78077\" 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=\"78077\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">11<\/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\/06\/19\/norsk-hydro-produces-worlds-first-batch-of-green-aluminum-and-eni-eyes-a-potential-stake-sale-in-renewables-unit\/\">\r\n                            Norsk Hydro produces world\u2019s first batch of green aluminum and Eni eyes a potential stake sale in renewables unit                        <\/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\/06\/19\/norsk-hydro-produces-worlds-first-batch-of-green-aluminum-and-eni-eyes-a-potential-stake-sale-in-renewables-unit\/\" 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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In a big milestone for global green manufacturing, Hydro partnered with hydrogen burner technology experts at Paris-based <a href=\"https:\/\/www.fivesgroup.com\/energy-combustion\/why-us\">Fives North American Combustion<\/a> company, to run a trial test replacing natural gas with green hydrogen for green aluminum production. The test \u2014 which will have its final report on the results published in the fall \u2014 was held at Fives\u2019 extrusion plant in Navarra, Spain and is part of Hydro\u2019s strategy to develop commercial fuel switch solutions, company CEO Christian Eriksen said. Aluminum is one of the world\u2019s most energy-intensive industrial commodities to make, <a href=\"https:\/\/www.iea.org\/reports\/aluminium\">accounting for around 3%<\/a> of the world\u2019s direct industrial CO2 emissions.<\/p>\n<p><strong>A stake sale in Eni\u2019s renewables business? <\/strong>Italian energy giant Eni has ramped up negotiations with a number of investors over the potential sale of a minority stake in its renewables and retail unit Plenitude, <a href=\"https:\/\/www.reuters.com\/markets\/deals\/eni-intensifies-talks-sell-stake-low-carbon-unit-sources-2023-06-14\/\">Reuters<\/a> reported last week, citing sources with knowledge of the matter. Two of the sources said Eni is working on offloading between 5-15% of Plenitude, with the transaction possibly being executed before August. The talks come months after preliminary talks began between Eni and Norway\u2019s HitecVision over a stake sale, but the potential sale never materialized. The sale of a minority stake in Plenitude would give the company a value and help revive plans for a future listing. Sources say a new bid to list the company could begin at the end of 2023 or 2024. The revival would come months after Eni shelved IPO plans for Plenitude in June 2022 due to unfavorable market conditions.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li>UK fund manager <strong>Legal and General Investment Management<\/strong> added aviation giant <strong>Air China<\/strong> and multinational shipping company <strong>Cosco Shipping Holdings<\/strong> to the list of 342 firms subject to voting sanctions as a result of their<strong> \u201cpoor climate change standards.\u201d <\/strong>Its investment blacklist now applies to funds with nearly USD 200 bn in assets. (<a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-14\/uk-s-lgim-expands-esg-blacklist-for-funds-holding-200-billion?srnd=green\">Bloomberg<\/a>)<\/li>\n<li><strong>US President<\/strong> Joe Biden <strong>vetoed<\/strong> <strong>a measure<\/strong> approved by Congress <strong>to overturn<\/strong> his administration's <strong>new limits<\/strong> on <strong>emissions from heavy-duty trucks<\/strong>. The measure is <strong>80% more stringent<\/strong> than current standards. (<a href=\"https:\/\/www.reuters.com\/world\/us\/biden-vetoes-bill-overturn-heavy-duty-truck-pollution-cuts-2023-06-14\/\">Reuters<\/a>)<\/li>\n<\/ul>\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\/green-aluminum\/\">green aluminum<\/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=\"78079\" 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\/06\/19\/78079\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78079\" class=\"content-area-description single-story post-78079 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>JUNE 2023<\/strong><\/p>\n<p>19-21 June (Monday-Wednesday): <a href=\"https:\/\/www.ecca2023.eu\/\">European Climate Change Adaptation Conference 2023<\/a>, Dublin, Ireland.<\/p>\n<p>22-23 June (Thursday-Friday) The UN\u2019s <a href=\"https:\/\/climatechampions.unfccc.int\/event\/summit-for-a-new-global-financing-pact\/\">Summit for a New Global Financing Pact<\/a>, Paris, France.<\/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>15-16 July (Saturday-Sunday): <a href=\"https:\/\/unfccc.int\/event\/LD_wksp2\">Second COP27 transitional committee workshop<\/a>, Bangkok, Thailand.<\/p>\n<p>TBD: <a href=\"https:\/\/www.facebook.com\/EGY.Environment\/posts\/pfbid02AYrL9tbYtkBKjqFzfhVFqssS5ZazH3KNVfq1awDFEEPuszMVK6Ytkg2WzUVisy4fl\">Egypt\u2019s post-COP27 Environmental and Climate Investment Forum<\/a>, hosted by Egypt, Switzerland and UNIDO.<\/p>\n<p><strong>AUGUST 2023<\/strong><\/p>\n<p>20-24 August (Sunday-Wednesday): <a href=\"https:\/\/www.worldwaterweek.org\/\">World Water Week 2023<\/a>, Stockholm, Sweden.<\/p>\n<p>21-22 August (Monday-Tuesday): <a href=\"https:\/\/crgconferences.com\/recycling\/\">International Conference on Recycling and Waste Management<\/a>, USA.<\/p>\n<p>21-22 August (Monday-Tuesday): <a href=\"https:\/\/crgconferences.com\/environmental\/\">International Conference on Environmental Sustainability and Climate Change<\/a>, USA.<\/p>\n<p>29 August-1 September (Tuesday-Friday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Third meeting of the COP27 Transitional Committee<\/a>, TBD.<\/p>\n<p><strong>SEPTEMBER 2023<\/strong><\/p>\n<p>9-10 September (Saturday-Sunday): <a href=\"https:\/\/www.g20.org\/en\/g20-india-2023\/new-delhi-summit\/\">G20 Heads of State and Government Summit<\/a>, New Delhi, India.<\/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, USA.<\/p>\n<p>11-13 September (Monday-Wednesday): <a href=\"https:\/\/10times.com\/e1r3-x4p2-z8sd\">Global Congress on Renewable and Non-Renewable Energy<\/a>, Dubai, UAE.<\/p>\n<p>12-15 September (Tuesday-Friday): <a href=\"https:\/\/www.wto.org\/english\/forums_e\/public_forum_e\/public_forum_e.htm\">WTO Public Forum<\/a>, Geneva, Switzerland.<\/p>\n<p>19-21 September (Tuesday-Thursday): <a href=\"https:\/\/www.worldptxsummit.com\/\">World Power-to-X Summit<\/a>, Marrakesh, Morocco.<\/p>\n<p>28 September (Thursday):<a href=\"https:\/\/www.iea.org\/news\/first-ever-iea-critical-minerals-and-clean-energy-summit-to-take-place-on-28-september\">International Energy Agency Critical Minerals and Clean Energy Summit<\/a>, Paris, France.<\/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>Egypt set to <a href=\"https:\/\/bit.ly\/3MTNCjG\">launch alliance<\/a> to shore up climate financing in developing countries<\/p>\n<p><strong>OCTOBER 2023<\/strong><\/p>\n<p>4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.<\/p>\n<p>9-15 October (Monday-Sunday): <a href=\"https:\/\/www.imf.org\/en\/News\/Seminars\/Campaigns\/2023\/Marrakech2023\">World Bank\/IMF 2023 Annual Meetings<\/a>, Marrakech, Morocco.<\/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>17-20 October (Tuesday-Friday): <a href=\"https:\/\/ent.news\/2023\/4\/1066.pdf\">Fourth meeting of the COP27 Transitional Committee<\/a>, TBD.<\/p>\n<p>29 October- 2 November (Sunday-Thursday): <a href=\"https:\/\/bit.ly\/40YIn6F\">Cairo Water Week<\/a>, Cairo, Egypt<\/p>\n<p>31 October \u2013 2 November (Tuesday-Thursday): <a href=\"https:\/\/www.worldhydropowercongress.org\/\">World Hydropower Congress<\/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>15-17 November (Wednesday-Friday): <a href=\"https:\/\/www.wetex.ae\/\">WETEX and Dubai Solar Show,<\/a> Dubai, UAE.<\/p>\n<p>16-17 November (Thursday-Friday): <a href=\"https:\/\/www.dwtc.com\/en\/events\/world-green-economy-summit-wges-2023\/\">World Green Economy Summit (WGES)<\/a>, Dubai, UAE.<\/p>\n<p>15-18 November (Wednesday-Saturday): DEWA\u2019s <a href=\"https:\/\/mediaoffice.ae\/en\/news\/2023\/May\/07-05\/DEWA-MENA-Solar-Conference\">First MENA Solar Conference<\/a>, Dubai, UAE.<\/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>FEBRUARY 2024<\/strong><\/p>\n<p>26-28 February (Monday-Wednesday): <a href=\"https:\/\/conferences.uaeu.ac.ae\/warms2024\/en\/index.shtml\">Management and Sustainability of Water Resources<\/a>, Dubai, UAE.<\/p>\n<p><strong>APRIL 2024<\/strong><\/p>\n<p>16-18 April (Tuesday-Thursday): <a href=\"https:\/\/www.worldfutureenergysummit.com\/\">World Future Energy Summit<\/a>, Abu Dhabi, UAE.<\/p>\n<p>23-25 April (Tuesday-Thursday): <a href=\"https:\/\/www.mena.gh2events.com\/\">Connecting Green Hydrogen MENA<\/a>, Dubai, UAE.<\/p>\n<p><strong>EVENTS WITH NO SET DATE<\/strong><\/p>\n<p><strong>2023 <\/strong><\/p>\n<p>Mid-2023: Oman <a href=\"https:\/\/www.meed.com\/oman-to-sign-multibillion-dollar-hydrogen-contracts\">set to sign contracts<\/a> for green hydrogen projects.<\/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><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><strong>2025 <\/strong><\/p>\n<p><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\">International Union for Conservation of Nature World Conservation Congress<\/a>, Abu Dhabi, UAE.<\/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><a href=\"https:\/\/uitpsummit.org\/\">UITP Global Public Transport Summit<\/a>, Dubai, UAE.<\/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><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\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":78054,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78053","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"d9eb821f-f01a-4688-9ec9-6cb9f57a37c4","teaser":"","photo_url":"https:\/\/ent.news\/2021\/2\/2330.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>International consortium led by South Korea\u2019s Posco awarded USD 6.7 bn green hydrogen project in Oman - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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