{"id":78125,"date":"2023-06-21T01:00:58","date_gmt":"2023-06-21T01:00:58","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=78125"},"modified":"2025-12-15T09:08:48","modified_gmt":"2025-12-15T09:08:48","slug":"moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/","title":{"rendered":"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant"},"content":{"rendered":"<section id=\"78127\" 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=\"78127\">\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\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-plant\/\">\r\n                            TODAY: Morocco\u2019s OCP is earmarking USD 7 bn for a green ammonia 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\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-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\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-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\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-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=TODAY: Morocco\u2019s OCP is earmarking USD 7 bn for a green ammonia plant&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-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\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-plant\/&title=TODAY: Morocco\u2019s OCP is earmarking USD 7 bn for a green ammonia 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=TODAY%3A+Morocco%E2%80%99s+OCP+is+earmarking+USD+7+bn+for+a+green+ammonia+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Ftoday-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-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\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78128\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/today-moroccos-ocp-is-earmarking-usd-7-bn-for-a-green-ammonia-plant\/253-jpg-16\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"253.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78127\" class=\"content-area-description single-story post-78127 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-egypt tag-enterpriseclimate tag-green-hydrogen tag-oman tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, friends. <\/strong>We have a light, brisk issue for you this morning as we inch closer to the weekend.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>Moroccan state-owned fertilizer and phosphate giant OCP Group plans to invest USD 7 bn in an ammonia plant using green hydrogen produced from renewable energy.<\/p>\n<p><strong>^^ <\/strong><strong>We have the details on this story and more in the news well, below.<\/strong><\/p>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- There\u2019s no single climate story<\/strong><strong> dominating international headlines this morning<\/strong>, but EU countries\u2019 environment ministers have reached an agreement on the landmark nature law after weeks of fierce political pushback, <a href=\"https:\/\/www.reuters.com\/world\/europe\/countries-seek-deal-weakened-eu-nature-law-2023-06-20\/\">Reuters<\/a> reports. The ministers backed the bill after introducing tweaks and reaching consensus over additional EU funding to restore damaged environments. One of the changes is replacing a clause requiring that the condition of certain habitats not be worsened, with a goal to \u201cendeavor to put in place necessary measures\u201d to avoid declining conditions. Another one would undermine targets to bring back drained peatlands upon the request of countries like Ireland, where peat is used as fuel and dried bogs are harvested. The EU parliament\u2019s majority group, the European People\u2019s Party (EPP), has been leading a campaign against the law in the past few weeks, arguing that the proposal be scrapped on grounds that it would undermine food security. The final bill should still be approved by EU countries and the European Parliament.<\/p>\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,<\/strong><strong> 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><strong>WATCH THIS SPACE #1- Oman\u2019s state-owned Hydrom is expected to ink a number <\/strong><strong>of new contracts for green hydrogen blocks today<\/strong>, <a href=\"https:\/\/www.zawya.com\/en\/projects\/industry\/hydrom-to-ink-pacts-for-new-green-hydrogen-projects-in-oman-sd4zj3iq\">Zawya<\/a> reports. Hydrom <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f55f6918-4f7c-49d1-912f-122079557fdb\">signed three agreements<\/a> earlier this month granting the first three blocks of land for planned green hydrogen plants worth USD 20 bn as part of its Phase A Round 1 public auction process. One of the agreements included the USD 6.7 bn <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f13d49f5-621e-4fc7-84f9-c254d8a9b06f\">awarded<\/a> to a consortium led by South Korea\u2019s steelmaking company Posco Group.<\/p>\n<p><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a> <strong>WATCH THIS SPACE #2- We\u2019re hearing some movement on Acme\u2019s <\/strong><strong>green hydrogen plant in the SCZone: <\/strong>A group consisting of Egypt\u2019s Suez Canal Economic Zone (SCZone), Orascom, and El Sewedy met with India\u2019s <a href=\"https:\/\/www.acme.in\/\">Acme Group<\/a> in New Delhi where they agreed to begin construction soon on a USD 12 bn green hydrogen plant in the SCZone, according to a <a href=\"https:\/\/sczone.eg\/ar\/%D8%AE%D9%84%D8%A7%D9%84-%D8%AC%D9%88%D9%84%D8%A9-%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3-%D8%A8%D8%A7%D9%84%D9%87%D9%86%D8%AF\/\">statement<\/a>. The plant \u2014 <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/4ab5ebab-55a1-4a68-97a3-0f02e5b4e147\">announced back in August 2022<\/a> \u2014 will span 4.5 mn sqm and have an expected initial annual production capacity of 100k tons during the first phase. The plant\u2019s generational capacity will increase to 2.1 mn tons of green hydrogen when fully operational.<\/p>\n<p><strong>ALSO- India\u2019s <\/strong><strong><a href=\"https:\/\/www.jindalsteelpower.com\/\">Jindal Steel Power<\/a><\/strong><strong> is exploring the potential of setting up a green steel <\/strong><strong>production plant in the SCZone<\/strong>, according to the <a href=\"https:\/\/tinyurl.com\/3kkbn325\">statement<\/a>. The 5-7 mn sqm steel manufacturing industrial complex would have an annual production capacity of 5 mn tons geared towards export to African and European markets.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #3- UN adopts world\u2019s first international marine conservation <\/strong><strong>treaty: <\/strong>After over 15 years of talks and five UN-led negotiations, the UN adopted on Monday the High Seas Treaty, the world\u2019s first agreement to protect biodiversity in international waters, <a href=\"https:\/\/www.reuters.com\/world\/un-adopts-worlds-first-treaty-protect-high-seas-biodiversity-2023-06-19\/\">Reuters<\/a> reports. The agreement, which will be available for signature starting 20 September, will come into effect only after it is ratified by 60 countries, the newswire notes.<\/p>\n<p><strong>REMEMBER- <\/strong>Over 100 countries <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1999f7a3-9f3b-4811-915f-b7aaa48b900b\">struck the landmark agreement<\/a> back in March, agreeing to protect at least 30% of international waters by 2030. The UN High Seas Treaty reportedly took over 36 hours of negotiations before being hammered out. The treaty provides a framework for the establishment and management of marine protected regions and sets out environmental requirements for deep sea exploration, building on the <a href=\"https:\/\/www.imo.org\/en\/ourwork\/legal\/pages\/unitednationsconventiononthelawofthesea.aspx#:~:text=The%20United%20Nations%20Convention%20on,the%20oceans%20and%20their%20resources.\">UN\u2019s Law of the Sea<\/a> convention. 11 mn sqkm of ocean would need to be protected annually between now and 2030 to realize the treaty\u2019s target, according to <a href=\"https:\/\/www.greenpeace.org.uk\/news\/un-ocean-treaty-talks-collapse-as-the-ocean-crisis-deepens\/\">Greenpeace<\/a>.<\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #4- Malaysia's MISC Group to develop first <\/strong><strong>ammonia-powered engine for deep sea vessels: <\/strong>Malaysian logistics company MISC Group has signed an agreement to develop the world\u2019s first ammonia engines for deep sea ships, <a href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/malaysias-misc-group-develop-ammonia-engines-ships-2023-06-20\/\">Reuters<\/a> reports, citing a company statement. MISC-owned AET and Akademi Laut Malaysia (ALAM) signed the agreement with Switzerland-based diesel and low-gas engine manufacturer Winterthur Gas & Diesel (WinGD). ALAM, which says the new engines will help decarbonize the global shipping industry, also signed an agreement with shipping classification society and maritime industry advisor DNV to upskill workers in the maritime sector on low carbon and net zero technologies, according to the newswire.<\/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>tomorrow and Friday <\/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\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <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=\"78129\" 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=\"78130\" 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=\"78130\">\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\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/\">\r\n                            Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia 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\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-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\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-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\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-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 OCP plans USD 7 bn in investments for green ammonia plant&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-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\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/&title=Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia 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+OCP+plans+USD+7+bn+in+investments+for+green+ammonia+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Fmoroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-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\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1411.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78131\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/1411-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1411.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1411.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1411.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1411.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78130\" class=\"content-area-description single-story post-78130 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-enterpriseclimate tag-green-ammonia tag-green-hydrogen tag-morocco tag-ocp tag-renewables 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>Big plans by Morocco\u2019s OCP:<\/strong> Moroccan state-owned fertilizer and phosphate giant OCP Group plans to invest USD 7 bn in an ammonia plant using green hydrogen produced from renewable energy, company representatives told <a href=\"https:\/\/www.reuters.com\/sustainability\/climate-energy\/moroccos-ocp-plans-7-mln-green-ammonia-plant-avert-supply-problems-2023-06-20\">Reuters<\/a>. The plan comes under efforts by the fertilizers giant to boost output and shift to renewable energy.<\/p>\n<p><strong>What does OCP have up its sleeves?<\/strong> OCP said it plans to build an ammonia plant with a production capacity of 200k tons of ammonia annually in southern Morocco\u2019s Tarfaya. Its production capacity would later grow fivefold to reach 1 mn tons by 2027, and increase further to reach 3 mn tons over the next decade. The state-owned company will use hydrogen produced by solar and wind-powered electrolysis under a USD 13 bn strategy announced <a href=\"http:\/\/climate.enterprise.press\/stories\/2022\/12\/05\/morocco-ramps-up-investment-for-renewable-energy-and-projects-90203\/\">late last year<\/a> for a switch to renewables.<\/p>\n<p><strong>And there\u2019s more in the pipeline:<\/strong> OCP said it will fully rely on desalinated water for industrial operations by 2027, with plans to launch tenders in early 2024 to boost desalination capacity at its Safi and Jorf Lasfar projects. Its planned project in Tarfaya includes a renewable-energy powered desalination plant with a production capacity of 60 mn cubic meters a year to supply the industrial complexes.<\/p>\n<p><strong>OCP has been on a renewables kick: <\/strong>The IFC approved a green loan worth EUR 100 mn to Moroccan state-owned fertilizer and phosphate giant OCP Group <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10dcc130-f406-43a0-b23d-06358ad2e6a1\">earlier this year<\/a> to help finance the development of four solar plants yielding 202 MW.<\/p>\n<p><strong>REMEMBER-<\/strong> Morocco has been pushing with efforts to position itself as a clean energy hub for renewable energy due to its major solar and wind resources. Renewables would account for 50-52% of Morocco\u2019s energy mix by 2030, up from a current 38%, Moroccan Prime Minister Aziz Akhannouch said <a href=\"http:\/\/climate.enterprise.press\/stories\/2023\/01\/18\/today-masdar-inks-agreements-to-develop-solar-projects-in-africa-and-central-asia-we-have-a-logo-and-branding-for-cop28-93926\/\">earlier this year<\/a>. Its wind and solar resources have the potential to make the North African country one of the cheapest providers of renewables in the world, Akhannouch said, and can be used to fuel the country\u2019s green hydrogen ambitions.<\/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-ammonia\/\">GREEN AMMONIA<\/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\/ocp\/\">OCP<\/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=\"78132\" 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=\"78132\">\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\">M&amp;A WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit\/\">\r\n                            PIF emerges as a frontrunner in the bids for a stake in Vale\u2019s base metals 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\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-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(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit\/')\">\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\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit\/\">\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=PIF emerges as a frontrunner in the bids for a stake in Vale\u2019s base metals unit&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit\/\">\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\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit\/&title=PIF emerges as a frontrunner in the bids for a stake in Vale\u2019s base metals unit\">\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=PIF+emerges+as+a+frontrunner+in+the+bids+for+a+stake+in+Vale%E2%80%99s+base+metals+unit+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Fpif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit%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\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1412.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78133\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/pif-emerges-as-a-frontrunner-in-the-bids-for-a-stake-in-vales-base-metals-unit\/1412-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1412.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1412.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1412.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1412.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78132\" class=\"content-area-description single-story post-78132 post type-post status-publish format-standard has-post-thumbnail hentry category-ma-watch-2 tag-brazil tag-critical-minerals tag-enterpriseclimate tag-ma-watch tag-mining tag-pif tag-qia tag-vale 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>Vale has a Saudi suitor: <\/strong>Saudi Arabia\u2019s sovereign wealth fund the Public Investment Fund (PIF) is the leading bidder for a stake in Brazilian miner Vale\u2019s nickel and copper operations, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-20\/pif-said-to-lead-bidding-for-2-5-billion-vale-base-metals-stake?srnd=premium-middle-east\">Bloomberg<\/a> reports, citing people with knowledge of the matter. PIF is reportedly seeking to acquire a 10% stake in Vale\u2019s base metals unit, they said, estimating the stake\u2019s value at c.USD 2.5 bn.<\/p>\n<p><strong>What we know: <\/strong>The PIF is currently in advanced talks with Vale over the minority stake, the sources said, adding that deliberations are still taking place. Negotiations could collapse or another bidder could emerge, they added. The Saudi wealth fund could execute the transaction through the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12ddae5d-d53a-4521-8749-3aaf57584946\">recently established<\/a> joint venture with the country\u2019s leading mining company Ma\u2019aden. The JV aims \u201cto initially invest in iron ore, copper, nickel, and lithium as a non-operating partner taking minority equity positions,\u201d a statement by the companies said at the time. It is <a href=\"http:\/\/climate.enterprise.press\/stories\/2023\/01\/16\/ksas-mining-push-continues-as-future-minerals-forum-wraps-up-93601\/\">reportedly prepared<\/a> to deploy over USD 15 bn of capital for investments in the coming years.<\/p>\n<p><strong>And they are not alone in the race: <\/strong>The PIF is expected to beat other bidders vying for the minority stake, including Japan\u2019s Mitsui & Co and the Qatar Investment Authority, the sources said.<\/p>\n<p><strong>REMEMBER<\/strong>- Copper, cobalt, nickel, and lithium \u2014 critical minerals for EV and battery storage production \u2014 are expected to see a massive jump in demand in the coming years as countries roll out their plans for energy transition.<\/p>\n<p><strong>All under a Saudi push: <\/strong>Saudi Arabia aims to become a global hub for green metals critical for energy transition under efforts to diversify its economy away from oil. This includes significant amounts of uranium and titanium discovered in the country, according to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12ddae5d-d53a-4521-8749-3aaf57584946\">officials<\/a>. KSA says it has untapped metals and minerals \u2014 including copper, zinc, phosphate, and gold \u2014 collectively worth USD 1.3 tn.<\/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\/brazil\/\">Brazil<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/critical-minerals\/\">critical minerals<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ma-watch\/\">M&amp;A WATCH<\/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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qia\/\">QIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/vale\/\">Vale<\/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=\"78134\" 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=\"78134\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/78134\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78134\" class=\"content-area-description single-story post-78134 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=\"78135\" 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=\"78135\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/\">\r\n                            Emirates Development Bank launches AED 100 mn lending program for agritech                        <\/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\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/\" 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\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/')\">\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\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/\">\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=Emirates Development Bank launches AED 100 mn lending program for agritech&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/\">\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\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/&title=Emirates Development Bank launches AED 100 mn lending program for agritech\">\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=Emirates+Development+Bank+launches+AED+100+mn+lending+program+for+agritech+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Femirates-development-bank-launches-aed-100-mn-lending-program-for-agritech%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\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1413.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78136\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/emirates-development-bank-launches-aed-100-mn-lending-program-for-agritech\/1413-jpeg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1413.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1413.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1413.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1413.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78135\" class=\"content-area-description single-story post-78135 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-agritech tag-debt-watch tag-emirates-development-bank tag-enterpriseclimate tag-food-security 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-03\"><\/a> <strong>EDB is extending a lending hand for agritech:<\/strong> The Emirates Development Bank (EDB) has launched AED 100 mn (c. USD 27.2 mn) in financing for the UAE\u2019s food security sector under the country\u2019s first <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8385a5e3-b1b0-4b79-a1ed-d27a3ef609db\">agritech<\/a> loans program, <a href=\"https:\/\/wam.ae\/en\/details\/1395303170949\">Wam<\/a> reports.<\/p>\n<p><strong>What we know:<\/strong> The new program aims to \u201cempower farms, local growers and food suppliers by supporting their adaptation and modernisation efforts.\u201d The funds will be funneled towards facilitating the implementation of agriculture techniques, advanced irrigation systems, <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/042ec848-de27-404b-ac9d-c9c2fca4fc8b\">crop monitoring<\/a> tools, and other sustainable practices. The new product will offer green and brownfield project financing, CAPEX and working capital financing, and medium-term loans or working capital of up to AED 5 mn with a ten-year tenor. It will also provide a grace period of up to 2.5 years to beneficiaries.<\/p>\n<p><strong>What they said:<\/strong> \u201cEDB\u2019s commitment to empowering the agricultural community aligns with the UAE's national agenda, which places utmost importance on achieving food self-sufficiency and reducing dependence on imports. By fostering collaboration between financial institutions and the agriculture sector, EDB aims to catalyze the growth of domestic food production, enhance supply chain resilience and contribute to the nation's economic development,\u201d EDB CEO Ahmed Al Naqbi said.<\/p>\n<p><strong>More in the pipeline:<\/strong> The latest program comes under the bank\u2019s mandate to approve AED 30 bn in financing to back thousands of businesses in five priority sectors, which include food security, renewables, manufacturing, technology, and healthcare by 2026.<\/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\/agritech\/\">Agritech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/emirates-development-bank\/\">Emirates Development Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/food-security\/\">food security<\/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=\"78137\" 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=\"78137\">\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\">MOVES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/\">\r\n                            UAE\u2019s Farnek appoints a new head of consultancy and sustainability                        <\/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\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/\" 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\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/')\">\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\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/\">\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=UAE\u2019s Farnek appoints a new head of consultancy and sustainability&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/\">\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\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/&title=UAE\u2019s Farnek appoints a new head of consultancy and sustainability\">\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=UAE%E2%80%99s+Farnek+appoints+a+new+head+of+consultancy+and+sustainability+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Fuaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability%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\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1414.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78138\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/uaes-farnek-appoints-a-new-head-of-consultancy-and-sustainability\/1414-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1414.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1414.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1414.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1414.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78137\" class=\"content-area-description single-story post-78137 post type-post status-publish format-standard has-post-thumbnail hentry category-moves tag-enterpriseclimate tag-moves tag-sustainability tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>UAE\u2019s Farnek appoints a new head of consultancy and sustainability:<\/strong> UAE-based smart and green facilities management firm <a href=\"https:\/\/www.farnek.com\/about-us\/#:~:text=With%20a%20skilled%20workforce%20of,Education%2C%20Leisure%2C%20and%20Entertainment.\">Farnek<\/a> has appointed Muna AlNahdi as its new head of consultancy and sustainability, according to a <a href=\"https:\/\/www.farnek.com\/farnek-appoints-new-head-of-sustainability\/\">statement<\/a>. AlNahdi will leverage her experience in energy-efficient retrofit projects to spearhead the company\u2019s net zero target across several sectors including retail, hotels and hospitality, and residential properties. The company has a target to slash its electricity, water, refrigerants and fuel consumption by 30% by 2026, and push down consumption by 50% five years later in 2031. Prior to her appointment, AlNahdi served as the head of the energy management department at UAE-based sustainable development organization <a href=\"https:\/\/www.southenergy.ae\/\">South Energy<\/a>, and had held technical roles at Dubai Carbon Center of Excellence, Al Futtaim Technologies, and Quantum Eurostar.<\/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\/moves\/\">MOVES<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/sustainability\/\">sustainability<\/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=\"78139\" 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=\"78139\">\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\">FROM THE CLIMATE STORE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/\">\r\n                            Lucid has begun delivering luxury Air EVs to Saudi Arabia                        <\/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\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/\" 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\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/')\">\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\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/\">\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=Lucid has begun delivering luxury Air EVs to Saudi Arabia&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/\">\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\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/&title=Lucid has begun delivering luxury Air EVs to Saudi Arabia\">\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=Lucid+has+begun+delivering+luxury+Air+EVs+to+Saudi+Arabia+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Flucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia%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\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1415.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78140\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/lucid-has-begun-delivering-luxury-air-evs-to-saudi-arabia\/1415-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1415.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1415.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1415.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1415.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78139\" class=\"content-area-description single-story post-78139 post type-post status-publish format-standard has-post-thumbnail hentry category-from-the-climate-store tag-enterpriseclimate tag-evs tag-from-the-climate-store tag-lucid-motors 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-05\"><\/a> <strong>Lucid Group has started customer deliveries of its <\/strong><strong><a href=\"https:\/\/www.lucidmotors.com\/air\">Lucid Air<\/a><\/strong><strong> electric sedan <\/strong><strong>in <\/strong><strong>Saudi Arabia<\/strong>, delivering hundreds of the EVs to the country on a weekly basis, Vice President and Managing Director of Lucid Middle East Faisal Sultan told <a href=\"https:\/\/www.argaam.com\/en\/article\/articledetail\/id\/1649487\">Argaam<\/a>.<\/p>\n<p><strong>The specs: <\/strong>The four-seater <a href=\"https:\/\/www.lucidmotors.com\/air-grand-touring\">Grand Touring<\/a> model packs two electric motors, goes from 0-60 mph in three seconds, has 1.05k horsepower, and can cover some 830 km on a full charge and 320 km on a 12-minute charge, according to its <a href=\"https:\/\/www.lucidmotors.com\/air\">website<\/a>. The <a href=\"https:\/\/www.lucidmotors.com\/air-touring\">Touring<\/a> model also packs dual engines, has 620 horsepower, goes from 0-60 mph in 3.4 secs, has a 480 km driving range on a full charge, and covers 320 kms in 15 mins of charging. The <a href=\"https:\/\/www.lucidmotors.com\/air-grand-touring\">Pure<\/a> base model packs one engine, has 480 horsepower, goes from 0-60 miles in 3.8 secs, covers 660 km on a full charge, and has a driving range of 320 kms on 15 mins of charging.<\/p>\n<p><strong>How much it will cost you: <\/strong>The price of the base Pure EV model starts at SAR 440k (c.USD 117.3k) and goes up to SAR 960k (c.USD 256k) for Lucid\u2019s <a href=\"https:\/\/lucidmotors.com\/ar-sa\/air\/dream-edition\">Dream Edition<\/a> model, Sultan told Argaam. The Dream Edition has 1.11k horsepower and goes from 0-60 mph in 2.5 seconds.<\/p>\n<p><strong>REMEMBER- Lucid said late last year that 80% of its electric vehicles will be <\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dd5f8ad6-48c3-43f9-9f3b-16ec8951b987\">made in<\/a><\/strong><strong><a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dd5f8ad6-48c3-43f9-9f3b-16ec8951b987\">Saudi Arabia<\/a><\/strong><strong> by 2030. <\/strong>The company also plans to produce 155k EVs yearly in Saudi Arabia once full-fledged production capacity is achieved by 2025, Sultan said at the time. Lucid aims to build <a href=\"https:\/\/www.lucidmotors.com\/media-room\/lucid-group-gearing-up-first-international-plant-saudi-arabia\">a full production plant<\/a> in the country that could potentially earn the EV manufacturer USD 3.4 bn over 15 years. Construction of the facility began in May 2022.<\/p>\n<p><strong>And it has been drumming up more capital: <\/strong>Lucid Group <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f001c139-291a-40f8-94a0-a23f766f2b5f\">plans to raise USD 3 bn<\/a> through a common stock offering, with most the money coming from the Saudi Public Investment Fund (PIF), which is Lucid\u2019s majority shareholder. KSA\u2019s sovereign wealth fund The Public Investment Fund will purchase some 265.7 mn shares in a private placement set to close on 26 June for c. USD 1.8 bn. The remaining USD 1.2 bn will be raised from a public offering of 173.5 mn shares of common stock. Lucid plans to use the funds \u201cfor general corporate purposes, which may include, among other things, capital expenditures and working capital.\u201d<\/p>\n<p><strong>Production cuts amid poor performance:<\/strong> The company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f001c139-291a-40f8-94a0-a23f766f2b5f\">reported<\/a> quarterly revenues of USD 149.4 mn, down from an average estimate by analysts of USD 209.9 mn. Its quarterly losses widened to USD 779.5 mn, up from USD 604.6 mn in the same quarter last year. The disappointing quarterly performance has pushed the EV manufacturer to revise its annual production plan this year to manufacture 10k of its luxury EV sedans, down from a previous production plan of up to 14k.<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/from-the-climate-store\/\">FROM THE CLIMATE STORE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/lucid-motors\/\">Lucid Motors<\/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=\"78141\" 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=\"78141\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/\">\r\n                            Himalayan Glaciers may lose 75% of their ice volumes by 2100                        <\/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\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/\" 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\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/')\">\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\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/\">\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=Himalayan Glaciers may lose 75% of their ice volumes by 2100&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/\">\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\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/&title=Himalayan Glaciers may lose 75% of their ice volumes by 2100\">\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=Himalayan+Glaciers+may+lose+75%25+of+their+ice+volumes+by+2100+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Fhimalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100%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\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1416.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78142\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/himalayan-glaciers-may-lose-75-of-their-ice-volumes-by-2100\/1416-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1416.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1416.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1416.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/6\/1416.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78141\" class=\"content-area-description single-story post-78141 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-bhutan tag-climate-in-the-news tag-enterpriseclimate tag-global-warming tag-himalayas tag-nepal 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-07\"><\/a> <strong>Himalayan glaciers set to lose 75% of their ice by the end of the century:<\/strong> Glaciers in the mountainous Hindu Kush Himalaya region in Asia \u2014 which includes Nepal and Bhutan \u2014 are set to lose three quarters of their ice volumes by 2100, resulting in severe flooding and water shortages for 240 mn of the region\u2019s inhabitants, <a href=\"https:\/\/www.reuters.com\/world\/asia-pacific\/himalayan-glaciers-track-lose-up-75-ice-by-2100-report-2023-06-20\/\">Reuters<\/a> reports, referencing a report by the <a href=\"https:\/\/hkh.icimod.org\/hi-wise\/hi-wise-report\/\">International Centre for Integrated Mountain Development<\/a>. Between 2010 and 2020, the rate of melting was 65% faster than in the preceding decade, the research found. 30-50% of glacier ice will be lost by 2100 under a 1.5\u00b0C or 2\u00b0C global warming scenario. 75% will melt by the end of the century under a 3\u00b0C scenario, which the world is on track to reach with the current climate policies, the newswire notes. If the 4\u00b0C global warming threshold is crossed, 80% of glaciers in the Eastern Himalaya region will be lost.<\/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\/bhutan\/\">Bhutan<\/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\/global-warming\/\">global warming<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/himalayas\/\">Himalayas<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nepal\/\">Nepal<\/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=\"78143\" 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=\"78143\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-plant\/\">\r\n                            Spain\u2019s PV Hardware is supplying solar trackers for Neom\u2019s green hydrogen 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\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-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\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-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\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-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=Spain\u2019s PV Hardware is supplying solar trackers for Neom\u2019s green hydrogen plant&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-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\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-plant\/&title=Spain\u2019s PV Hardware is supplying solar trackers for Neom\u2019s green hydrogen 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=Spain%E2%80%99s+PV+Hardware+is+supplying+solar+trackers+for+Neom%E2%80%99s+green+hydrogen+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Fspains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-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\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78144\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/spains-pv-hardware-is-supplying-solar-trackers-for-neoms-green-hydrogen-plant\/660-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"660.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2018\/12\/660.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78143\" class=\"content-area-description single-story post-78143 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-green-hydrogen tag-neom tag-renewables tag-solar-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Spain\u2019s PVH to supply solar trackers for Neom\u2019s green hydrogen plant: <\/strong>Spain-based solar tracker manufacturer PV Hardware (PVH) \u2014 which <a href=\"https:\/\/www.pv-tech.org\/pv-hardware-opens-8gw-saudi-arabian-tracker-manufacturing-facility\/#:~:text=Spain%2Dheadquartered%20PVH%20built%20the,specifying%20Europe%2C%20Australia%20and%20Asia.\">localized<\/a> production in KSA back in 2022 with its 8 GW tracker factory \u2014 will supply 2.97 GW peak (GWp) worth of solar trackers for PV plants powering the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5b25cd90-e450-47ee-b0a9-3f382940309e\">USD 8.4 bn<\/a> Neom green hydrogen plant, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/pvh-signs-contract-with-l-and-t-to-supply-solar-trackers-for-the-297-gwp-solar-pv-plant-esdl5wv6\">statement<\/a>. Larsen & Toubro \u2014 which was awarded the engineering, procurement, and construction (EPC) contract for the clean energy plants that will power the green hydrogen facility \u2014 will build a 2.2 GW alternating current (GWac) solar farm and a 1.6 GW wind power plant for the project, the statement notes. Construction of the first phase of Neom\u2019s USD 8.4 bn green hydrogen plant in Saudi Arabia\u2019s floating industrial complex Oxagon will <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/548d32c9-8980-405b-99dd-753b3d2cfd5a\">commence by 3Q 2024<\/a>.<\/p>\n<p><strong>What is solar tracking? <\/strong><a href=\"https:\/\/www.britannica.com\/technology\/solar-tracker#:~:text=PV%20solar%20trackers%20adjust%20the,can%20be%20converted%20into%20power.\">Solar tracking systems<\/a> reorient PV panels to the direction of the sun, keeping panels perpendicular to the power source and effectively minimizing sunlight reflection and increasing solar energy absorption.<\/p>\n<hr class=\"grey-line\">\n<p><strong>Saudi Arabia names 10 bidders for mineral exploration license: <\/strong>The Saudi Mineral Ministry has released a list of 10 local and international companies that have qualified for an exploration license at sites in Umm Hadid, Bir Umq, and Jabal Sahabiyah, <a href=\"https:\/\/www.zawya.com\/en\/projects\/mining\/saudi-arabia-shortlists-10-bidders-for-umm-hadid-bir-umq-amd-jabal-sahabiyah-exploration-licenses-o5urepnn\">Zawya<\/a> reports. The list includes <a href=\"https:\/\/amak.com.sa\/\">AMAK<\/a>, <a href=\"https:\/\/etransmin.com\/\">Energy Transition Minerals<\/a>, and <a href=\"http:\/\/lotusgold.ca\/\">Lotus Gold<\/a>. The exploration licenses will then be issued to the winning bidders within three months. The designated exploration sites are rich in silver, lead, zinc, and copper. The bidders have until the end of July to submit their offers, and the results will be declared in August.<\/p>\n<p><strong>REMEMBER<\/strong><strong>-<\/strong> <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/317460fd-f5ba-44c9-b9e5-d1d5e2781bd8\">Copper<\/a> and <a href=\"https:\/\/leadmatters.org\/clean-energy\/\">lead<\/a> are critical minerals for EV and battery storage production, <a href=\"https:\/\/ae-solar.com\/silver-and-its-use-in-solar-technology\/#:~:text=Silver%20plays%20a%20vital%20role,as%20an%20electrically%20conductive%20material\">silver<\/a> is essential for manufacturing solar cells, and <a href=\"https:\/\/www.zinc.org\/renewable-energy\/\">zinc<\/a> is used to coat solar panels and wind turbines to protect them against rust.<\/p>\n<p><strong>More winning bids to be announced this month: <\/strong>The Minerals MInistry will also announce the winners from among 13 mining companies shortlisted <a href=\"https:\/\/www.arabnews.com\/node\/2284431\/business-economy\">back in April<\/a> for the Muhaddad and Ar Ridaniyah exploration licenses this month. African Rainbow Minerals, AMAK, and Barrick Gold are among the bidders.<\/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\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/neom\/\">Neom<\/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\/solar-energy\/\">solar energy<\/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=\"78145\" 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=\"78145\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/\">\r\n                            Denmark and the Netherlands plan a USD 1 bn fund for green hydrogen deployment in South Africa                        <\/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\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/\" 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\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/')\">\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\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/\">\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=Denmark and the Netherlands plan a USD 1 bn fund for green hydrogen deployment in South Africa&url=https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/\">\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\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/&title=Denmark and the Netherlands plan a USD 1 bn fund for green hydrogen deployment in South Africa\">\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=Denmark+and+the+Netherlands+plan+a+USD+1+bn+fund+for+green+hydrogen+deployment+in+South+Africa+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F06%2F21%2Fdenmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa%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\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1935.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"78146\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/06\/21\/denmark-and-the-netherlands-plan-a-usd-1-bn-fund-for-green-hydrogen-deployment-in-south-africa\/1935-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1935.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1935.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1935.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1935.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78145\" class=\"content-area-description single-story post-78145 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-china tag-denmark tag-enterpriseclimate tag-green-hydrogen tag-netherlands tag-nuclear-energy tag-pakistan tag-solar-energy tag-south-africa tag-wind-energy wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a> <strong>The Netherlands and Denmark are working together to set up a USD 1 bn fund to <\/strong><strong>invest in green hydrogen projects in South Africa<\/strong>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-06-20\/dutch-danish-to-help-create-1-billion-s-africa-hydrogen-fund?srnd=premium-middle-east\">Bloomberg<\/a> reports, citing CEO of the Development Bank of Southern Africa Boitumelo Mosako. The fund is set to receive contributions from state finance institutions DBSA and the Industrial Development Corp of South Africa, as well as Sanlam Ltd. and the Hague-based Climate Fund Managers BV, Mosako said. The new fund is materializing as South Africa preps a <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-11-04\/south-africa-to-use-bulk-of-8-5-billion-funding-for-electricity\">USD 8.5 bn climate finance<\/a> pact with some of the world\u2019s richest countries to break away from the use of coal and accelerate its energy transition.<\/p>\n<p><strong>China breaks ground on the world\u2019s largest solar panel facility: <\/strong>China\u2019s <a href=\"https:\/\/www.longi.com\/\">LONGi<\/a><a href=\"https:\/\/www.longi.com\/\">Green Energy Technology<\/a> has began construction on a USD 6.32 bn PV solar panel plant set to produce monocrystalline silicon wafers, <a href=\"https:\/\/www.zawya.com\/en\/projects\/bri\/china-starts-work-worlds-largest-solar-pv-facility-report-m74vk80b\">Zawya<\/a> reports, citing a <a href=\"http:\/\/en.xa.gov.cn\/projects\/5385.htm\">report<\/a> on the Xi\u2019an municipal government\u2019s official website. The silicon wafers will be capable of generating 100 GW annually and monocrystalline cells that can generate 50 GW and c.133 bn GWh of electricity annually, potentially cutting coal consumption by 48 mn metric tons.<\/p>\n<p><strong>ALSO- China\u2019s CRRC reveals the first hydrogen-powered locomotive: <\/strong>China\u2019s state-owned Railway Rolling Stock Corporation (CRRC) converted an internal combustion engine to a hydrogen-powered one, according to <a href=\"https:\/\/www.scmp.com\/news\/china\/science\/article\/3224372\/china-powers-hydrogen-rail-plans-locomotive-conversion\">South China Morning Press<\/a>. The engine runs for up to 190 hours relying on a hydrogen storage system which can be fueled in two hours, making it cheaper than fossil fuel-powered counterparts. With this tech, CRRC could potentially replace 90% of almost 8k of China\u2019s fossil fuel-powered locomotives with hydrogen-powered locomotives, bringing down costs and carbon emissions at the same time.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Shell <\/strong>and Mitsubishi\u2019s subsidiary <strong>Eneco<\/strong> announced delivering the <strong>first electricity <\/strong><strong>production <\/strong>from the <strong><a href=\"https:\/\/www.crosswindhkn.nl\/\">Hollandse Kust Noord windfarm<\/a><\/strong> to the Netherlands through its transmission operator, TenneT\u2019s the electricity grid. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/shell-led-dutch-wind-farm-delivers-first-electricity-2023-06-19\/#:~:text=AMSTERDAM%2C%20June%2019%20(Reuters),the%20project%20said%20on%20Monday.\">Reuters<\/a>)<\/li>\n<li>The <strong>China National Nuclear Cooperation<\/strong> and the<strong> Pakistan Atomic Energy<\/strong><strong> Commission<\/strong> have signed a<strong> USD 4.8 bn agreement<\/strong> to build a <strong>1.2 GW nuclear power plant <\/strong>in Punjab, Pakistan. (<a href=\"https:\/\/www.reuters.com\/business\/energy\/pakistan-china-sign-48-bln-nuclear-power-plant-deal-2023-06-20\/\">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\/china\/\">China<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/denmark\/\">Denmark<\/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\/netherlands\/\">Netherlands<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/nuclear-energy\/\">Nuclear Energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pakistan\/\">Pakistan<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/south-africa\/\">South Africa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wind-energy\/\">Wind Energy<\/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=\"78147\" 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\/21\/78147\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-78147\" class=\"content-area-description single-story post-78147 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>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":78126,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-78125","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"120b1259-179e-426e-a605-dad362771198","teaser":"","photo_url":"https:\/\/ent.news\/2020\/9\/lab-1600px.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>Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T09:08:48+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/\",\"name\":\"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-06-21T01:00:58+00:00\",\"dateModified\":\"2025-12-15T09:08:48+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/climate\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/","og_locale":"en_US","og_type":"article","og_title":"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant","og_url":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/","og_site_name":"Climate","article_modified_time":"2025-12-15T09:08:48+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/","url":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/","name":"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1","datePublished":"2023-06-21T01:00:58+00:00","dateModified":"2025-12-15T09:08:48+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2020\/9\/lab-1600px.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/issues\/moroccos-ocp-plans-usd-7-bn-in-investments-for-green-ammonia-plant\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/climate\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"Morocco\u2019s OCP plans USD 7 bn in investments for green ammonia plant"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/78125","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/78125\/revisions"}],"predecessor-version":[{"id":78155,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/78125\/revisions\/78155"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/78126"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=78125"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=78125"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=78125"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}