{"id":79433,"date":"2023-09-07T01:00:24","date_gmt":"2023-09-07T01:00:24","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=79433"},"modified":"2025-12-15T09:31:59","modified_gmt":"2025-12-15T09:31:59","slug":"adnoc-reaches-final-investment-decision-to-build-one-of-menas-largest-ccus-projects","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/adnoc-reaches-final-investment-decision-to-build-one-of-menas-largest-ccus-projects\/","title":{"rendered":"Adnoc reaches final investment decision to build one of MENA\u2019s largest CCUS projects"},"content":{"rendered":"<section id=\"79435\" 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=\"79435\">\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\/09\/07\/today-one-of-menas-largest-ccus-projects-has-adnocs-backing\/\">\r\n                            TODAY: One of MENA\u2019s largest CCUS projects has Adnoc\u2019s backing                        <\/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\/09\/07\/today-one-of-menas-largest-ccus-projects-has-adnocs-backing\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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We have another hefty issue, so let\u2019s jump right in.<\/p>\n<p><strong>THE BIG CLIMATE STORY- <\/strong>The Abu Dhabi National Oil Company (Adnoc) said it has reached a final investment decision to set up one of the MENA region\u2019s largest carbon capture projects, which will have the capacity to capture and permanently store 1.5 mn tons per annum of CO2 within geological formations underground.<\/p>\n<p><strong>ALSO- <\/strong>Don\u2019t miss our interview on the future of green methanol as a shipping fuel with CEO of OCI Global and Fertiglobe Ahmed El Hoshy.<\/p>\n<p><strong>^^ We have more on these stories and others in the news well, below.<\/strong><\/p>\n<p><strong>HAPPENING TODAY- <\/strong><strong>The <\/strong><strong><a href=\"https:\/\/rsd-forum.com\/\">Annual Regional Sustainability and Development Forum<\/a><\/strong><strong> is kicking off today <\/strong><strong>and will conclude tomorrow in Cairo. <\/strong>The two-day forum brings together government officials, policymakers, the business community, NGO representatives, and others to discuss challenges to sustainable development in the region. It will also showcase the latest sustainable development technologies and practices, allowing businesses and organizations to present their related work and products.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>Africa calls on the West to upscale climate financing: <\/strong>African leaders have submitted a proposal for new carbon taxes as well as reforms to international finance institutions ahead of COP28 to mobilize more financing for continental climate adaptation efforts. The African countries submitted the <a href=\"https:\/\/wedocs.unep.org\/handle\/20.500.11822\/28248\">Nairobi Declaration<\/a>, a proposal laying out funding strategies to combat extreme weather, preserve natural resources, and support renewable energy installations in the global south, which will form the basis of the continent\u2019s negotiating position in November. The declaration calls for the formation of a Global Climate Finance Charter by 2025. Over the three-day summit, Kenyan President William Ruto said private financiers committed USD 23 bn to fund green projects.<\/p>\n<p><strong>The details: <\/strong>The Nairobi Declaration emphasizes the need to establish levies on major carbon emitters and calls on global financial institutions and multilateral lenders to expand their climate-geared concessional loan disbursement capacity. The declaration urges world leaders to \u201crally behind the proposal for a global carbon taxation regime including a carbon tax on fossil fuel trade, maritime transport and aviation, that may also be augmented by a global financial transaction tax.\u201d<\/p>\n<p><strong>The story got some ink in the international press:<\/strong> <a href=\"https:\/\/www.reuters.com\/business\/environment\/african-leaders-call-new-global-taxes-fund-climate-change-action-2023-09-06\/\">Reuters<\/a> | <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-09-06\/africa-calls-for-financing-debt-relief-to-battle-climate-change\">Bloomberg<\/a> | <a href=\"https:\/\/www.dw.com\/en\/africa-climate-summit-concludes-with-nairobi-declaration\/a-66736413\">Deutsche Welle<\/a> | <a href=\"https:\/\/news.sky.com\/story\/tax-polluting-fossil-fuels-and-flying-to-fund-climate-action-in-africa-leaders-say-12956089\">Sky News<\/a><\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>COUNTDOWN- There are just 11 days until the Enterprise Finance Forum, taking place 18-19 September <\/strong>(Monday and Tuesday) at the St. Regis Hotel on the Nile Corniche. This flagship forum is the latest in our must-attend series of invitation-only events, where CEOs, bankers, investors, founders, and corporate leaders will meet to discuss the trends shaping the future of banking, finance, NBFIs, and fintech \u2014 and of their clients.<\/p>\n<p><strong>You won\u2019t want to miss this one:<\/strong> Join <strong>Karim Awad<\/strong> (CEO, EFG Holding), <strong>Hassan Allam <\/strong>(CEO, Hassan Allam Holding), <strong>Yasmine El Hini<\/strong> (country officer, IFC), <strong>Hazem Moussa <\/strong>(chairman, Contact Financial Holding), <strong>Tamer El Emary <\/strong>(group CEO, GB Capital), <strong>Hoda Kassem<\/strong> (Cairo global services center director, HSBC Egypt) and many others for talks on everything from investing in uncertain times, to whether NBFIs are a bubble. <strong>Stay tuned for the unveiling of our full list of speakers in the coming days.<\/strong><\/p>\n<p><strong><a href=\"https:\/\/finance.enterprise.news\/\">Tap or click here to REGISTER or view the FULL AGENDA.<\/a><\/strong><\/p>\n<p><strong>We are honored to count some of the region\u2019s most important financial institutions as our partners for this special event. <\/strong>The Enterprise Finance Forum could not take place without the support of our partners including Banque Misr, Al Baraka Bank, FAB Misr, HSBC, Mashreq, CI Capital, Global Corp, Visa, Hassan Allam Utilities, and the IFC.<\/p>\n<p class=\"web-image\"><a href=\"https:\/\/finance.enterprise.news\/index.html#agenda\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/368.jpg?ssl=1\" alt=\"enterprise\" \/><\/a><\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>WATCH THIS SPACE #1-<\/strong><strong> Vale could be launching the Middle East\u2019s iron ore \u201cmega hubs\u201d <\/strong><strong>next year:<\/strong> Brazilian miner Vale said it expects construction of planned low-carbon iron ore \u201cmega hubs\u201d in the Middle East to begin next year, with the first plant set to be operational in 2027, <a href=\"https:\/\/www.zawya.com\/en\/business\/energy\/brazilian-miner-vale-to-start-building-middle-east-mega-hubs-in-2024-xpwvbs5f\">Reuters<\/a> reports, citing a presentation by the company. The company is set to build and operate iron ore concentration and briquetting facilities at the hubs, with local partners providing necessary logistics infrastructure, it said, without disclosing details on the planned investments or which facility would be built first. Vale <a href=\"https:\/\/vale.com\/w\/vale-signs-agreements-to-develop-mega-hubs-in-the-middle-east-and-provide-decarbonization-solutions-for-steelmaking-1\">signed three agreements last year<\/a> to examine the feasibility of developing mega hubs in Saudi Arabia, the UAE, and Oman to supply low carbon products to the steelmaking industry both locally and internationally.<\/p>\n<p><strong>You can thank the Saudis for the push: <\/strong>KSA\u2019s Manara \u2014 a recently established JV between Saudi Arabia\u2019s sovereign wealth fund and state-owned mining company Ma\u2019aden \u2014 <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/10539bda-b0a7-4b9b-a406-dd1d74515313\">sealed an agreement in late July<\/a> with Brazilian miner Vale to grab a 10% slice of its base metals unit as it eyes a pivotal role in the global energy transition supply chains.<\/p>\n<hr class=\"grey-line\" \/>\n<p><a id=\"tldr-story-06\" class=\"content-anchor\"><\/a><strong>WATCH THIS SPACE #2- <\/strong><strong>The UN is considering green sukuk issuances: <\/strong>The UN is looking into issuing green sukuks by next year to help raise funds for refugees and those internally displaced due to the aggravating impact of climate change, a senior official at the UNHCR told <a href=\"https:\/\/www.al-monitor.com\/originals\/2023\/09\/un-mulls-green-islamic-bonds-fund-climate-change-refugee-projects\">Al Monitor<\/a> in an interview published yesterday. \u201cIslamic bonds offer themselves easily and nicely to their response to climate change. And they might offer sizable resources for climate displacement,\u201d senior adviser and representative to the Gulf Cooperation Council Countries at the UNHCR Khaled Khalifa said. He said he expected the volume of issuance of the green instruments to be at least USD 200 mn, describing the figure as a minimum to achieve a substantial impact.<\/p>\n<p><strong>WATCH THIS SPACE #3-<\/strong><strong> World Bank reform likely on the table in G20: <\/strong>US President Joe Biden will turn his attention to reforming the World Bank while urging other multilateral development banks to shore up lending for climate change and infrastructure projects during the G20 leaders summit in India this month, <a href=\"https:\/\/www.reuters.com\/world\/biden-focus-world-bank-reform-new-funding-g20-new-delhi-2023-09-05\/\">Reuters<\/a> reports, citing statement by the White House. The focus on reforms comes after the White House asked Congress in late August for USD 3.3 bn in additional funding under a <a href=\"https:\/\/www.whitehouse.gov\/wp-content\/uploads\/2023\/08\/Final-Supplemental-Funding-Request-Letter-and-Technical-Materials.pdf\">supplemental budget request<\/a> to \u201cmaterially expand development and infrastructure financing\u201d through the World Bank to provide countries with a \u201ccredible alternative to the People\u2019s Republic of China\u2019s (PRC) coercive and unsustainable lending and infrastructure projects.\u201d<\/p>\n<p><strong>REMEMBER- World Bank reform has been a priority:<\/strong> World Bank President Ajay Banga revealed new plans to expand the bank\u2019s balance sheet and help countries face the impacts of climate change and other challenges <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2a0803b0-c5b7-40b1-8b8c-6250216848e1\">last July<\/a>. \u201cWe are making quick progress \u2026 we are building a better bank, but eventually we will need a bigger bank,\u201d Banja said, indicating the necessity of a capital increase to help achieve the plans.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>DATA POINT- Low-carbon e-fuel use could offset 400 mn tons of emissions by 2050<\/strong>, a <a href=\"https:\/\/www.aramco.com\/en\/news-media\/news\/2023\/aramco-and-stellantis-collaboration-indicates-efuel-compatibility-with-european-engine-families\">report<\/a> by Aramco and Dutch automaker Stellantis has found. The two companies partnered on a study which revealed low-carbon fuel \u2014 derived from a green hydrogen and CO2 mix similar to sustainable aviation fuels \u2014 is compatible with 28 mn European-made cars across 24 engine families in circulation since 2014, potentially mitigating some 400 mn tons of greenhouse gas emissions between 2025 and 2050 if motorists make the switch, the report notes.<\/p>\n<p><strong>No modifications needed:<\/strong> Testing undertaken by both companies on e-fuel usage has shown that car models currently on the market can consume the low-carbon source without any modifications to their powertrains. Aramco \u2014 which noted that synthetic fuel usage can push down combustion engine cars\u2019 emission output by 70% on a lifecycle basis \u2014 has plans to develop low-carbon fuels as a drop-in replacement for conventional fuels. \u201cDrop-in eFuels can have a massive and almost immediate impact on reducing the CO2 emissions of the existing vehicle fleet, offering our customers an easy and economically efficient option to reduce their carbon footprint \u2014 one as simple as choosing a different fuel pump at the station, with no additional modification to their vehicles,\u201d Stellantis CEO Ned Curic said.<\/p>\n<p><strong>REMEMBER- <\/strong>The EU commission and Germany have been <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4d627c33-bb5d-4297-9bd7-3a11b3642844\">working on legislation<\/a> allowing the sale and manufacture of combustion engine vehicles beyond the bloc\u2019s previously agreed termination date of 2035 provided they run on e-fuels. The new law would, if passed, stipulate that cars manufactured beyond mid-2030 be powered by carbon neutral fuels. A sticking point in the draft legislation is the requirement that the new category of vehicles recognize e-fuels from regular CO2-emitting counterparts, forcing manufacturers to develop new engines catering to green fuels. Automakers have already proven that the transition won\u2019t compromise net-zero targets.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>THE DANGER ZONE- Sand dredging is decimating the ocean floor:<\/strong> The global marine dredging industry removes an estimated six bn tons of sand from the ocean floor annually with irreversible effects on marine ecosystems, according to a <a href=\"https:\/\/news.un.org\/en\/story\/2023\/09\/1140407\">report<\/a> by the UN. Sand is the second most exploited resource on the planet after water. The South China Sea, the North Sea and the east coast of the United States are among the regions with the highest marine sand loss over the study\u2019s timeframe, and China, the Netherlands, the United States, and Belgium are the most active nations in the dredging sector, sand industry and data analytics officer at the University of Geneva Arnaud Vander Velpen noted.<\/p>\n<p><strong>Efforts to right the ship: <\/strong>The UN <a href=\"https:\/\/www.unep.org\/resources\/report\/unea-419-resolution-mineral-resource-governance\">passed a resolution<\/a> last year in a bid to govern the extraction of the resource and reform the dredging industry\u2019s unsustainable mining operations. The release of the UN report coincides with the launch of <a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/unep-marine-sand-watch-reveals-massive-extraction-worlds-oceans\">Marine Sand Watch<\/a>, an organization funded by the Swiss government that tracks dredging activities using marine tracking and artificial intelligence.<\/p>\n<hr class=\"grey-line\" \/>\n<p><strong>NON-CLIMATE REGIONAL HEADLINES:<\/strong><\/p>\n<ul>\n<li><strong>Egypt: <\/strong>Japan and Egypt will strengthen bilateral cooperation in areas of politics, security, economy, and development assistance. (<a href=\"https:\/\/www.mofa.go.jp\/me_a\/me1\/eg\/page7e_000032.html\">Statement<\/a>)<\/li>\n<li><strong>KSA: <\/strong>The IMF expects Saudi Arabia\u2019s GDP growth to slow further than the current forecast of 1.9% amid the latest extension of oil production cuts. (<a href=\"https:\/\/www.reuters.com\/world\/middle-east\/imf-projects-saudi-arabia-budget-deficit-12-gdp-2023-2023-09-06\/\">Reuters<\/a>)<\/li>\n<\/ul>\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>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential regional publication for senior execs who care about the world\u2019s most important industry. <\/strong>Enterprise Climate covers everything from finance and tech to regulation, products and policy across the Middle East and North Africa. In a nod to the growing geographical ambitions of companies in our corner of the world, we also include an overview of the big trends and data points in nearby countries, including Africa and southern Europe.<\/p>\n<p><strong>Enterprise Climate is published by 5am CLT \/ 5am Riyadh \/ 6am UAE Monday through Thursday by Enterprise<\/strong>, the folks who bring you Enterprise Egypt, your essential 6am and 3pm read on business, finance, policy and economy in Egypt and emerging markets.<\/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><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">Subscribe to Enterprise Climate here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<\/p>\n<p><strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>India will host the <\/strong><strong><a href=\"https:\/\/www.g20.org\/en\/g20-india-2023\/new-delhi-summit\/\">G20 Heads of State and Government Summit<\/a><\/strong><strong> from Saturday, 9 <\/strong><strong>September to Sunday, 10 September <\/strong>in New Delhi. A G20 Leaders\u2019 Declaration will be adopted at the conclusion of the summit, stating commitment towards priorities discussed and agreed upon during previous ministerial and working group meetings through the year, the organizers note. The last meeting of G20 energy ministers in July <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/65d9a591-8b2c-40c4-ae42-d5768511e143\">failed to reach consensus<\/a> on a fossil fuel phasedown as several major producing nations, led by Saudi Arabia, blocked the move. Among other expected announcements, the Global Biofuels Alliance is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/88b83a90-d902-4c43-8296-4ea996a89b52\">scheduled<\/a> to be launched at the summit.<\/p>\n<p><strong>Egypt will host the <\/strong><strong><a href=\"https:\/\/www.hydrogenegypt.com\/hes2023\">Hydrogen Egypt Summit<\/a><\/strong><strong> on Wednesday 13 September and Thursday <\/strong><strong>14 September<\/strong> in Cairo. The two-day event will bring together members of the local and global hydrogen industry to discuss optimizing hydrogen and green hydrogen development in MENA. The event will serve as a platform for the local industry to discuss potential investments with global investors, operators, and technology providers.<\/p>\n<p><strong>Morocco will host the <\/strong><strong><a href=\"https:\/\/www.worldptxsummit.com\/\">World Power-to-X Summit<\/a><\/strong><strong> from Tuesday 19 September to Thursday <\/strong><strong>21 September<\/strong> in Marrakech. The event brings together policymakers, industry leaders, and innovators in green hydrogen to showcase success stories in the carbon-free industry. It will also explore scaling-up projects throughout the Power-to-X value chain and hold discussions on harmonizing roadmaps of contiguous countries and adjacent regions.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aramco\/\">Aramco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/efuel\/\">efuel<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/g20\/\">G20<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-industry\/\">green industry<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-sukuk\/\">Green sukuk<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/mena\/\">MENA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/un\/\">UN<\/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                            <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                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-bank\/\">World Bank<\/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=\"79437\" 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=\"79438\" 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=\"79438\">\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\">CARBON STORAGE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/adnoc-reaches-final-investment-decision-to-build-one-of-menas-largest-ccus-projects\/\">\r\n                            Adnoc reaches final investment decision to build one of MENA\u2019s largest CCUS projects                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" 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data-image-meta=\"[]\" data-image-title=\"1691.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1691.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1691.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79438\" class=\"content-area-description single-story post-79438 post type-post status-publish format-standard has-post-thumbnail hentry category-carbon-storage tag-adnoc tag-carbon-storage tag-ccus tag-enterpriseclimate 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-01\"><\/a><strong>The Abu Dhabi National Oil Company (Adnoc) said it has reached a final investment <\/strong><strong>decision to set up one of the MENA region\u2019s largest carbon capture projects<\/strong>, according to a <a href=\"https:\/\/www.adnoc.ae\/en\/News-and-Media\/Press-Releases\/2023\/ADNOC-to-Invest-in-One-of-the-Largest-Integrated-Carbon-Capture-Projects-in-MENA\">statement<\/a>. The pioneering Habshan carbon capture, utilization, and storage (CCUS) project will have a capacity to capture and permanently store 1.5 mn tons per annum (mtpa) of CO2 within geological formations underground. No financial details or a timeline for the project were disclosed.<\/p>\n<p><strong>What we know: <\/strong>The project will triple Adnoc\u2019s carbon capture capacity to 2.3 mtpa, which is equivalent to the removal of more than 500k gasoline-powered vehicles from the road annually. It will be built, operated, and maintained by Adnoc\u2019s gas unit, Adnoc Gas, and will include carbon capture units at the Habshan gas processing plant, pipeline infrastructure, and a well network for CO2 injection. The CO2 will be permanently stored in reservoirs deep in the sub-surface through the deployment of closed-loop CO2 capture and reinjection technology at the well site.<\/p>\n<p><strong>REMEMBER- <\/strong>Adnoc recently <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/181b0100-fc7f-4c86-bd51-cb7bbb0dd9ca\">revised its net zero plan<\/a>, targeting net zero in 2045 instead of 2050. It also plans to achieve zero methane emissions by 2030. Earlier this year, it allocated USD 15 bn to advance and accelerate low-carbon solutions, new energy investments, and decarbonization technologies to help achieve its net zero goals.<\/p>\n<p><strong>Been there, done that: <\/strong><a href=\"https:\/\/www.adnoc.ae\/en\/adnoc-onshore\/about-us\/who-we-are\">Adnoc<\/a> opened in 2016 its first carbon capture, transportation, and storage facility at Abu Dhabi\u2019s Al Reyadah, according to the statement. The project has the capacity to process up to 800k tons of CO2 per year captured at Emirates Steel Arkan. The facility can give room for an oil recovery enhancement of low carbon-intensity barrels and the production of low-carbon feedstocks such as hydrogen to help customers decarbonize their operations, the statement said.<\/p>\n<p><strong>It\u2019s been an eventful couple of months:<\/strong> Adnoc <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c6ee7b70-9072-4ae6-816b-4cb7c900de28\">signed a strategic collaboration<\/a>agreement with Occidental Petroleum to explore potential investments in carbon dioxide capture and storage (CCS) hubs in the UAE and US last month. Under the agreement, Adnoc and Occidental will evaluate the development of direct air capture (DAC) facilities in the UAE \u2014 including what could be the first megaton DAC project outside of the US \u2014 to potentially absorb as much as 1 mn tons of carbon dioxide annually. The two parties will also evaluate the joint development of one or more carbon management hubs in the Gulf country.<\/p>\n<p><strong>And it isn\u2019t just Adnoc: <\/strong>Emirati utility company Etihad Water and Electricity said <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/07517e34-9302-49a3-91ec-8296df139984\">earlier this week<\/a> that it is joining efforts with the UAE\u2019s state-owned renewables company Masdar to upscale its CCUS capabilities. State-owned Sharjah National Oil Corporation <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/02c1aae8-0a7a-4e59-8f63-2c082a9d9511\">signed an initial agreement<\/a> with Japanese trading and investment company Sumitomo Corporation in late July to establish a CCUS project in Sharjah. Abu Dhabi\u2019s Mubadala Energy and Indonesian state-owned energy company Pertamina also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d1c6ac82-13ac-4a36-a647-6d4c2580e890\">signed an MoU in July<\/a> to explore avenues in CCUS projects in Indonesia. Saudi Arabia\u2019s oil giant Aramco and Norway-based Aker Carbon Capture also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/32005262-97cd-45b2-8514-226b7637b32b\">signed an agreement in July<\/a> to explore partnerships to employ CCUS and industrial modularization in the kingdom.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/carbon-storage\/\">CARBON STORAGE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ccus\/\">CCUS<\/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=\"79440\" 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=\"79440\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/\">\r\n                            Oman Investment Authority invests in US battery firm ONE                        <\/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\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/\" 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\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/')\">\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\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Oman Investment Authority invests in US battery firm ONE&url=https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/\">\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\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/&title=Oman Investment Authority invests in US battery firm ONE\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Oman+Investment+Authority+invests+in+US+battery+firm+ONE+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F09%2F07%2Foman-investment-authority-invests-in-us-battery-firm-one%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\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1692.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79441\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/oman-investment-authority-invests-in-us-battery-firm-one\/1692-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1692.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1692.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1692.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1692.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79440\" class=\"content-area-description single-story post-79440 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-bess tag-electric-mobility tag-enterpriseclimate tag-evs tag-investment-watch tag-oia tag-one 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>US battery firm ONE is getting Omani funds:<\/strong> The Oman Investment Authority (OIA), the sultanate's sovereign wealth fund, will make an undisclosed investment in Michigan-based energy storage company <a href=\"https:\/\/one.ai\/\">Our Next Energy<\/a> (ONE), <a href=\"https:\/\/www.omannews.gov.om\/topics\/ar\/7\/show\/422486\/ona\">Oman News Agency<\/a> reports, citing a statement by OIA.<\/p>\n<p><strong>What we know: <\/strong>OIA and ONE signed a strategic cooperation agreement aimed at identifying potential areas of cooperation in energy storage and battery manufacturing in Oman.<\/p>\n<p><strong>About ONE:<\/strong> Founded by Apple veteran Mujeeb Ijaz, ONE is a Michigan-born energy storage company focusing on battery technologies to advance the adoption of electric vehicles and expand energy storage solutions, according to this <a href=\"https:\/\/one.ai\/\">website<\/a>.<\/p>\n<p><strong>REMEMBER- OIA has been all in on energy transition:<\/strong> OIA aims to diversify its global investment portfolio and benefit Oman in terms of investment returns and sustainable investments under its strategy to reach net zero carbon by 2050, according to the statement. Last year, OIA invested in US lithium-ion battery recycling company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/84234251-437e-44cf-b857-1cefb19e9936\">Ascend Elements<\/a> and US-based global manufacturer and supplier of advanced silicon battery materials <a href=\"https:\/\/www.zawya.com\/en\/business\/technology-and-telecom\/oman-investment-authority-backs-us-silicon-battery-tech-firm-a9q9u1q2\">Group14<\/a>. Oman plans to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d99ce063-6d7a-41b1-8659-77e810108347\">fully decarbonize its mobility sector<\/a> by 2050 through an ambitious three-phase plan by the country\u2019s Transport, Communications, and Information Technology Ministry (MTCIT), officials said in July.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-mobility\/\">electric mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oia\/\">oia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/one\/\">ONE<\/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=\"79442\" 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=\"79442\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/79442\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79442\" class=\"content-area-description single-story post-79442 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 data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt=\"enterprise\"><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"79443\" 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=\"79443\">\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\">SPOTLIGHT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/\">\r\n                            OCI Global-Fertiglobe CEO Ahmed El Hoshy talks about the future of low-carbon shipping and green methanol                        <\/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\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/\" 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\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/')\">\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\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/\">\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=OCI Global-Fertiglobe CEO Ahmed El Hoshy talks about the future of low-carbon shipping and green methanol&url=https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/\">\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\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/&title=OCI Global-Fertiglobe CEO Ahmed El Hoshy talks about the future of low-carbon shipping and green methanol\">\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=OCI+Global-Fertiglobe+CEO+Ahmed+El+Hoshy+talks+about+the+future+of+low-carbon+shipping+and+green+methanol+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F09%2F07%2Foci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol%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\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/5782.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79444\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/oci-global-fertiglobe-ceo-ahmed-el-hoshy-talks-about-the-future-of-low-carbon-shipping-and-green-methanol\/5782-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/5782.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"5782.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/5782.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2022\/11\/5782.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79443\" class=\"content-area-description single-story post-79443 post type-post status-publish format-standard has-post-thumbnail hentry category-spotlight tag-egypt tag-enterpriseclimate tag-fertiglobe tag-green-methanol tag-oci-global tag-shipping tag-spotlight wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a id=\"tldr-story-05\" class=\"content-anchor\"><\/a><strong>What the first green methanol refueling operation in Egypt\u2019s Port Said means for MENA:<\/strong> Last month, Dutch-based chemical producer OCI Global <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/214783e2-f7c3-4885-a2ca-9efcb667dd20\">completed a six-hour operation refueling<\/a> the world\u2019s first green methanol-powered container ship with 500 tons of the green fuel in Egypt\u2019s East Port Said. The refueling operation by OCI Global took place under a partnership with shipping and logistics giant AP Moller-Maersk.<\/p>\n<p><strong>Enterprise Climate sat down with Ahmed El Hoshy (<\/strong><strong><a href=\"https:\/\/www.linkedin.com\/in\/ahmed-el-hoshy-53aa37b\/A\">LinkedIn<\/a><\/strong><strong>), CEO of OCI Global and <\/strong><strong>Fertiglobe<\/strong>, the strategic partnership between OCI Global and Adnoc. Euronext-listed OCI Global is one of the world\u2019s top producers and distributors of hydrogen-based products, including ammonia, nitrogen fertilizers and other nitrogen products, methanol, green methanol, and biofuels, with a four-continent footprint and a production capacity of 16.8 mn metric tons per annum (MTPA). Fertiglobe is the world\u2019s largest seaborne exporter of urea and ammonia combined and the largest producer of nitrogen products in MENA, with a combined production capacity of 6.7 MTPA of urea and merchant ammonia.<\/p>\n<p><strong>OCI\u2019s partnership with Maersk is really a pioneering one.<\/strong> Taking green methanol as a shipping fuel into a container vessel hasn't been done before; green methanol is one of these replacements for diesel or very low-sulfur fuel oil or heavy fuel oil. It's one that can have materially lower greenhouse gas content, but it just isn't used yet day-to-day. This meant we had to navigate new questions for the first time, such as how we can get temporary bunkering licenses in five different ports \u2014 considering the ship went from Korea, through Singapore, to Port Said where it was refueled, then back into Europe through Rotterdam, and ultimately will arrive in Copenhagen next week.<\/p>\n<p><strong>The maritime shipping industry is carbon-intensive<\/strong> \u2014 around 3% of greenhouse gasses are just from maritime shipping \u2014 but it's also the best way to ship heavy items over long distances. It's more CO2 intensive to carry cargo over long distances via plane, for example. So what that means is that long-distance shipping is going to be primarily marine for the foreseeable future.<\/p>\n<p><strong>Maersk has been kind of a pioneer in the low-carbon shipping space for the last several years<\/strong> \u2014 they've gone above and beyond to order over 20 dual-fuel vessels, which they can use to reduce their carbon footprint, even before the regulations come into place to decarbonize the industry.<\/p>\n<p><strong>A lot of what we did for this partnership was new territory, and it's leading the way to open an industry that's just starting out<\/strong> and doesn't yet have regulations driving demand. As it currently stands, there's just not that much available green methanol in the world \u2014 OCI Global is the global leader in green methanol today, and we have a capacity of 200k tons, which we're looking to increase.<\/p>\n<p><strong>When you talk about regulation vs supply and demand, it becomes a \u201cchicken or egg\u201d question: <\/strong>You need regulation to create demand, because today you're still not pricing CO2 in a lot of industries, including shipping. So CO2 is a negative externality for the world \u2014 there's no price on it now in most global regions, save for the EU. Regulations are just starting to be formed, and that's why Maersk and others like CMA CGM and Xpress Feeder Lines are getting ahead of it. If the regulations on CO2 emissions for the shipping industry are there and people start ordering the ships, then the supply of green methanol will come over time.<\/p>\n<p><strong>Currently, producing green methanol in and of itself costs more than producing regular methanol from natural gas or coal, so we need to see the bid from the demand side<\/strong> and that will incentivize the supply. If you just wait for there to be abundant amounts of fuel, that ramp-up in supply just isn't going to happen. If you don't price CO2, it won't make economic sense to lean more on green methanol \u2014 everyone will just keep burning fossil fuels because it's cheaper.<\/p>\n<p><strong>There are lots of projects that have been announced to produce green methanol in the form of bio-methanol or e-methanol<\/strong>, but these projects are all facing two major challenges. The first challenge is that sometimes these are new technologies \u2014 a lot of sustainability initiatives are driven by innovation. New technologies need somebody to take an outsized risk by taking on a higher cost of capital. If there's an offtaker like Maersk or others in the shipping space that say I'm bringing in 20 ships and I need some fuel supply, that's when people see that they can sell at a price to justify the risk, and that's when you'll start seeing more production projects.<\/p>\n<p><strong>For OCI, we were able to take those risks because we have existing infrastructure.<\/strong> We are one of the top five methanol producers globally and the number one global green methanol producer, so we have existing facilities and existing customers. So if we have the capacity to produce 33 mn tons of conventional methanol a year and up to 200k tons can be green methanol, we can use our existing plant and our supply chain.<\/p>\n<p><strong>The EU has taken a first step with maritime fuel by putting a price on CO2 and polluting fuels like heavy fuel oil and diesel<\/strong>, and they're also giving support or credit to low-carbon fuels like bio-methanol and e-methanol. Today, green methanol is a 300k ton market and is expected to become a 6 mn ton market in the next five years. That's a huge amount of demand that's going to help more projects happen and come to fruition. But the regulations need to be in place to answer the question of who's going to pay for the premium.<\/p>\n<p><strong>This isn't just applicable to the EU and western markets, however \u2014 the MENA region has lots to benefit from in terms of advancements in green methanol.<\/strong> First and foremost, Egypt stands to benefit significantly. Around 12% of global marine traffic and 30% of container traffic passes through the Suez Canal, and despite this high volume and great revenues for the canal, it's not a major bunkering hub. OCI produced the green methanol for Maersk in Texas, but in the future Egypt could be a great green marine bunkering hub. East Port Said is an excellent location because you could have those vessels going through on the demand side, and you can supply them with a lot of the renewable potential that Egypt has for green hydrogen and its derivatives.<\/p>\n<p><strong>This isn't something that's going to happen overnight, but there's massive potential, especially for early movers.<\/strong> Fertiglobe, is investing in green ammonia, including in partnership with Fertiglobe in Abu Dhabi and with Masdar. These are all fuels that could be used not only to export the final product to Europe or Asia, but can also be provided at ports that can become major bunkering hubs and suppliers of low carbon fuels in the future. Methanol has the advantage today because there are already methanol engines.<\/p>\n<p><strong>Ultimately, the challenge with green hydrogen in any form is that you have to incentivize demand<\/strong>, whether via carrots or sticks, enough that it makes sense to pay for the higher cost, lower carbon fuel. Otherwise, the fossil fuels industry will continue to dominate and you won't get these projects to fruition.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-methanol\/\">GREEN METHANOL<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oci-global\/\">OCI Global<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/shipping\/\">shipping<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/spotlight\/\">SPOTLIGHT<\/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=\"79445\" 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=\"79445\">\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\">DEBT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/the-uaes-dp-world-is-preparing-a-blockbuster-maiden-green-sukuk-issuance\/\">\r\n                            The UAE\u2019s DP World is preparing a blockbuster maiden green sukuk issuance                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a 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preparing a blockbuster maiden green sukuk issuance\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=The+UAE%E2%80%99s+DP+World+is+preparing+a+blockbuster+maiden+green+sukuk+issuance+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F09%2F07%2Fthe-uaes-dp-world-is-preparing-a-blockbuster-maiden-green-sukuk-issuance%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\/09\/07\/the-uaes-dp-world-is-preparing-a-blockbuster-maiden-green-sukuk-issuance\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/123.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79446\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/the-uaes-dp-world-is-preparing-a-blockbuster-maiden-green-sukuk-issuance\/123-jpg-8\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/123.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"123.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/123.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/2\/123.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79445\" class=\"content-area-description single-story post-79445 post type-post status-publish format-standard has-post-thumbnail hentry category-debt-watch tag-debt-watch tag-enterpriseclimate tag-green-finance tag-green-sukuk 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>More green sukuk incoming, courtesy of DP World:<\/strong> UAE port operator DP World is looking to raise at least USD 1 bn from a 10-year USD-denominated green sukuk issuance with initial price guidance of around 150 basis points above US Treasuries, <a href=\"https:\/\/www.nasdaq.com\/articles\/dp-world-to-sell-at-least-$1-bln-debut-green-sukuk-document\">Reuters<\/a> reports, citing a bank document it has seen.<\/p>\n<p><strong>Advisors:<\/strong> Citi, Deutsche Bank, Dubai Islamic Bank, Emirates NBD Capital, First Abu Dhabi Bank, HSBC, JPMorgan, and Standard Chartered Bank are acting as the bookrunners for the debt sale, while HSBS is serving as the sole ESG structurer.<\/p>\n<p><strong>More to come? <\/strong>The UAE port operator is also reportedly eying another USD 1 bn green sukuk issuance through its subsidiary DP World Crescent Limited as part of its USD 5 bn Trust Certificate Issuance program, according to a bank document from one of the arranging banks.<\/p>\n<p><strong>REMEMBER- Green sukuk and bond issuances have gov\u2019t support: <\/strong>The UAE government said it would <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb7a8593-a352-45c3-ac58-d73e164c489a\">exempt firms issuing green debt instruments<\/a> \u2014 including sukuk and traditional climate-aligned bonds \u2014 from paying registration fees in 2023 to support funding for climate-friendly projects last July.<\/p>\n<p><strong>It\u2019s been a busy 2023 for green bonds so far: <\/strong>Earlier this week, the Abu Dhabi Commercial Bank \u2014 the UAE\u2019s third largest bank \u2014 raised <a href=\"https:\/\/climate.enterprise.press\/#tldr-story-06\">USD 650 mn<\/a> from five-year green bonds, setting the price guidance for the green notes at 125 basis points over US Treasuries. Back in July, First Abu Dhabi Bank <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/918e5736-a790-46d3-a9c7-88f84ac92af2\">issued<\/a> a three-year AED 1.3 bn (c. USD 350 mn) green sukuk issuance, and before that <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4efffdd4-d1dd-415f-855e-9771457e61ab\">in June<\/a> the Commercial Bank of Dubai raised USD 500 mn through its inaugural green bond issuance.<\/p>\n<p><strong>And it doesn\u2019t seem to be slowing down: <\/strong>BNP Paribas expects the global climate-friendly bond sales <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bb7a8593-a352-45c3-ac58-d73e164c489a\">to climb up to c. USD 600 bn<\/a>, outstripping 2021\u2019s all-time high. The MENA region reported a 532% y-o-y rise in green and sustainable finance to USD 24.55 bn in 2021, up from USD 3.8 bn a year earlier, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/research-and-studies\/uae-records-32-growth-in-green-and-sustainable-finance-reports-arthur-d-little-h75a9skz\">report<\/a> by consultancy Arthur D Little.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/debt-watch\/\">DEBT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-sukuk\/\">Green sukuk<\/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=\"79447\" 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=\"79447\">\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\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/\">\r\n                            Egypt partners with France\u2019s EDF on electrical transmission enhancement and grid upgrades                        <\/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\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/\" 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\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/')\">\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\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/\">\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=Egypt partners with France\u2019s EDF on electrical transmission enhancement and grid upgrades&url=https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/\">\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\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/&title=Egypt partners with France\u2019s EDF on electrical transmission enhancement and grid upgrades\">\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=Egypt+partners+with+France%E2%80%99s+EDF+on+electrical+transmission+enhancement+and+grid+upgrades+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F09%2F07%2Fegypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades%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\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1693.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79448\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/egypt-partners-with-frances-edf-on-electrical-transmission-enhancement-and-grid-upgrades\/1693-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1693.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1693.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1693.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1693.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79447\" class=\"content-area-description single-story post-79447 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-edf tag-egypt tag-enterpriseclimate tag-france 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-04\"><\/a><strong>Egypt partners with France\u2019s EDF on clean energy: <\/strong>Egypt\u2019s New and Renewable Energy Agency (NREA) has signed two cooperation agreements with French clean energy developer EDF Renewables as part of state plans to increase renewable energy generation, enhance electrical transmission capacity, and minimize grid losses, according to a <a href=\"https:\/\/bit.ly\/3r1J7f0\">statement<\/a>. Egypt is currently devising a strategy to establish 47 energy control centers to monitor power distribution under its target of optimizing grid performance. Egypt\u2019s NREA <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fc4e6992-3e7b-459b-b31a-8e069370e4e1\">recently secured EUR 500 mn<\/a> from undisclosed financiers in a bid to achieve its target of having renewables comprise <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/46eb0c0b-2e62-47e0-8423-05c5359f3275\">42% of the country\u2019s energy mix<\/a> by 2030 and <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04dda22d-b376-4d76-bf9a-50f917a5ac39\">60%<\/a> by 2040.<\/p>\n<p><strong>EDF already has a foothold in the country: <\/strong>The French company <a href=\"https:\/\/www.edf-renouvelables.com\/en\/edf-renewables-will-become-a-strategic-shareholder-of-karmsolar-a-developer-and-supplier-of-solar-power-in-egypt\/\">acquired<\/a><a href=\"https:\/\/www.edf-renouvelables.com\/en\/edf-renewables-will-become-a-strategic-shareholder-of-karmsolar-a-developer-and-supplier-of-solar-power-in-egypt\/\">a strategic stake<\/a> in Egypt-based solar energy provider KarmSolar back in 2019 as part of its target of bringing up its clean energy portfolio to 50 GW by 2030. On the sidelines of COP27 last year, the company, alongside UAE firms AMEA Power and Masdar, <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/37c6713c-597a-4ba6-adb3-ab0228f7231c\">announced plans<\/a> to build a USD 3 bn facility to produce green fuel for ships in partnership with the Sovereign Fund of Egypt (SFE). The Ain Sokhna-based plant will eventually produce 350k tons of fuel each year, with an initially targeted 140k-ton annual production capacity in the initial phase. Construction of the plant is expected to begin in 2024, with operations slated to begin in 2026.<\/p>\n<p><strong>Egypt is also courting the UAE:<\/strong> On the sidelines of the Africa Climate Summit in Kenya this week, Egypt\u2019s Environment Minister Yasmine Fouad met with UAE counterpart Mariam Almheiri to discuss knowledge transfer and cooperation in clean energy, waste management, reforestation, and climate mitigation ahead of COP28 in Dubai later this year, according to a separate <a href=\"https:\/\/bit.ly\/3P7uQoX\">statement<\/a>. Egypt wants to rake in more UAE private sector financing to bolster its green economy sector, the ministry noted.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/edf\/\">EDF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/france\/\">France<\/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=\"79449\" 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=\"79449\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/\">\r\n                            Egypt\u2019s Flat6labs helps raise USD 10 mn for 24 regional startups                        <\/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\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/\" 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\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/')\">\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\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/\">\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=Egypt\u2019s Flat6labs helps raise USD 10 mn for 24 regional startups&url=https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/\">\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\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/&title=Egypt\u2019s Flat6labs helps raise USD 10 mn for 24 regional startups\">\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=Egypt%E2%80%99s+Flat6labs+helps+raise+USD+10+mn+for+24+regional+startups+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F09%2F07%2Fegypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups%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\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1695.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79450\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/egypts-flat6labs-helps-raise-usd-10-mn-for-24-regional-startups\/1695-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1695.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1695.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1695.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1695.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79449\" class=\"content-area-description single-story post-79449 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-flat6labs tag-green-finance tag-startup-watch wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Egypt\u2019s Flat6labs helps raise USD 10 mn for startups:<\/strong> Egypt-based seed and early stage venture capital firm Flat6Labs will help raise USD 10 mn in financing for 24 startups operating across several sectors including energy tech and agritech as part of the VC\u2019s StartMashreq Growth Track program, according to a <a href=\"https:\/\/ent.news\/2023\/9\/1694.pdf\">statement<\/a><a href=\"https:\/\/ent.news\/2023\/9\/1694.pdf\">(pdf)<\/a>. Under the program, the cohort \u2014 which includes Lebanese waste repurposing startup <a href=\"https:\/\/compostbaladi.com\/\">Compost Baladi<\/a>, Abu Dhabi-based agritech startup <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/042ec848-de27-404b-ac9d-c9c2fca4fc8b\">Palmear<\/a>, and Iraqi green solutions company <a href=\"https:\/\/www.keskco.com\/\">KESK<\/a> \u2014 will access new markets and use the proceeds to scale their operations, the statement notes. The 24 startups collectively generate recurring revenues of USD 20.8 mn annually and have raised a total of USD 38.5 million. The StartMashreq Growth Track program kicked off in June 2023 and will run until December 2024.<\/p>\n<p><strong>REMEMBER- Flat6 is going big on climate financing:<\/strong> Flat6 announced launch of <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/98720b75-6c7a-4a14-a700-399096629d1f\">a USD 95 mn fund<\/a> targeting greentech, agritech, smart city, and climate tech startups based in Africa, Flat6Labs Chief Investment Officer Dina El Shenoufy told Enterprise Climate <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/98720b75-6c7a-4a14-a700-399096629d1f\">last March<\/a>.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/flat6labs\/\">Flat6Labs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/startup-watch\/\">Startup watch<\/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=\"79451\" 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=\"79451\">\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\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/\">\r\n                            A global shortage of technicians could jeopardize the EV industry                        <\/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\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/\" 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\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/')\">\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\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/\">\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=A global shortage of technicians could jeopardize the EV industry&url=https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/\">\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\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/&title=A global shortage of technicians could jeopardize the EV industry\">\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=A+global+shortage+of+technicians+could+jeopardize+the+EV+industry+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F09%2F07%2Fa-global-shortage-of-technicians-could-jeopardize-the-ev-industry%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\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1696.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79452\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/a-global-shortage-of-technicians-could-jeopardize-the-ev-industry\/1696-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1696.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1696.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1696.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1696.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79451\" class=\"content-area-description single-story post-79451 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-climate-in-the-news tag-electric-mobility tag-enterpriseclimate tag-evs tag-tesla 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>A global shortage of technicians is spelling<\/strong><strong> trouble for EVs: <\/strong>A shortage in technicians and independent repair shops globally could put the EV industry in jeopardy due to increased repair and warranty costs for drivers, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/ev-broken-finding-technician-fix-it-may-take-while-2023-09-06\/\">Reuters<\/a> reports. Technician training organizations, warranty providers, and repairers see independent repair shops as necessary to make EVs affordable due to their cheap services in comparison with franchise dealerships. Some garage owners resist training and equipment costs to fix high-voltage EVs due to risks that could kill unskilled technicians in seconds. Others believe that the risk of EV fires should also be taken into consideration. Some are also opposed to spending thousands of EUR on necessary equipment for repairs when EV sales and related infrastructure networks remain relatively low.<\/p>\n<p><strong>Some are trying to jump in:<\/strong> Some carmakers, including EV giant Tesla, have launched courses at US community colleges to provide training for future technicians, the newswire notes, as well as providing EV training for independent repair shops. The Siemens Foundation has also announced a USD 30 mn program to train technicians in the US to install and maintain EV chargers.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/electric-mobility\/\">electric mobility<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/tesla\/\">Tesla<\/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=\"79453\" 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=\"79453\">\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\">ON YOUR WAY OUT<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/\">\r\n                            A 3D-printed outsole for shoes could help sow seeds on the run                        <\/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\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/\" 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\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/')\">\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\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/\">\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=A 3D-printed outsole for shoes could help sow seeds on the run&url=https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/\">\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\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/&title=A 3D-printed outsole for shoes could help sow seeds on the run\">\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=A+3D-printed+outsole+for+shoes+could+help+sow+seeds+on+the+run+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F09%2F07%2Fa-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run%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\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1697.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"79454\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/07\/a-3d-printed-outsole-for-shoes-could-help-sow-seeds-on-the-run\/1697-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1697.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1697.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1697.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/9\/1697.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79453\" class=\"content-area-description single-story post-79453 post type-post status-publish format-standard has-post-thumbnail hentry category-on-your-way-out tag-enterpriseclimate tag-on-your-way-out wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><a class=\"content-anchor\" id=\"tldr-story-08\"><\/a><strong>Your trainers could be helping the environment: <\/strong>A chunky and funky 3D-printed outsole for running shoes could help fitness fanatics sow seeds and contribute to urban rewilding, <a href=\"https:\/\/edition.cnn.com\/2023\/08\/11\/world\/rewild-the-run-shoes-nature-seeds-london-spc\/index.html\">CNN<\/a> writes. The idea behind the spiky blue outsole dubbed \u201c<a href=\"https:\/\/graduateshowcase.arts.ac.uk\/project\/482658\/cover\">Rewild the Run<\/a>\u201d is for feet to transform into vessels for plants and seeds to help them spread across cities.<\/p>\n<p><strong>How it works: <\/strong>The loops are designed to imitate how some types of seeds attach themselves onto the fur of wild animals. The outsoles can pick up smaller seeds within dirt or larger ones during a run and help scatter them in different areas. The bottom of the outsole is also designed like the unique hoof of the bison, helping press down seeds into the ground along the way. The new sneakers come under efforts to help the environment restore itself with little human intervention.<\/p>\n<p><strong>The rationale:<\/strong> \u201cLiving in London, I felt very disconnected from our local environment and our nature,\u201d Rewild the Run product designer Kiki Grammatopoulos told CNN. \u201cSo I started thinking about ways that I could replicate keystone species in London,\u201d she said, adding \u201cbecause obviously, I can\u2019t really bring in bison or wolves into King\u2019s Cross\u201d.<\/p>\n<p><strong>The effort behind the inspiration: <\/strong>Grammatopoulos examined the cocklebur and the grapple plant (or devil\u2019s claw) to inspire the design of the outsole. The first species is known for having inspired Velcro, a fastener system that is home to tiny hooks on one side and tiny looks on the order side. Grammatopoulos used the system during the early testing phase. \u201cBefore I did any 3D modeling, I\u2019d cover my shoes in Velcro to just have a look at what my shoe would pick up and over what areas of the shoe,\u201d she said.<\/p>\n<p><strong>There are some drawbacks:<\/strong> Such urban rewilding efforts could bring in unwanted guests, including encroaching weed species, geographer Stephen Carver told CNN. \u201cIt\u2019s an interesting idea, but my first impression is that it\u2019s a great way to spread non-native, invasive weed species,\u201d Carver said. \u201cHow will these shoes distinguish between the seeds of native and non-native plant species?\u201d<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/on-your-way-out\/\">ON YOUR WAY OUT<\/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=\"79455\" 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\/09\/07\/79455\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-79455\" class=\"content-area-description single-story post-79455 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>SEPTEMBER 2023<\/strong><\/p>\n<p>4-6 September (Monday-Wednesday): <a href=\"https:\/\/saudi-smic.com\/\">Sustainable Maritime Industry Conference<\/a>, Jeddah, Saudi Arabia.<\/p>\n<p>4-6 September (Monday-Wednesday): <a href=\"https:\/\/africaclimatesummit.org\/\">Africa Climate Summit<\/a>, Nairobi, Kenya.<\/p>\n<p>5-7 September (Tuesday-Thursday): <a href=\"https:\/\/gweccc.com\/\">Global Water, Energy and Climate Change Congress<\/a>(GWECCC), Manama, Bahrain.<\/p>\n<p>7-8 September (Thursday-Friday): <a href=\"https:\/\/rsd-forum.com\/\">Annual Regional Sustainability and Development Forum<\/a>, Cairo, Egypt.<\/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>12-13 September (Tuesday-Wednesday): <a href=\"https:\/\/events.reutersevents.com\/energy-transition\/industry-usa\">Industry Transition 2023<\/a>, Pittsburgh, USA.<\/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>13-14 September (Wednesday-Thursday): <a href=\"https:\/\/www.egypthydrogen2023.com\/\">Hydrogen Egypt Summit<\/a>, Nile Ritz Carlton, Cairo.<\/p>\n<p>18-19 September (Monday-Tuesday): <a href=\"https:\/\/finance.enterprise.news\/\">The Enterprise Finance Forum<\/a>, Cairo, Egypt.<\/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>2-5 October (Monday-Thursday): <a href=\"https:\/\/www.adipec.com\/\">ADIPEC Decarbonization Accelerator<\/a>, Abu Dhabi, UAE.<\/p>\n<p>4 October (Wednesday): Arabia CSR Gala Awarding Ceremony, UAE.<\/p>\n<p>4-5 October (Wednesday-Thursday): <a href=\"https:\/\/www.futuresustainabilityforum.com\/\">Future Sustainability Forum<\/a>, Dubai, UAE.<\/p>\n<p>8-10 October (Sunday-Tuesday): <a href=\"https:\/\/www.sgbf.sa\/\">Saudi Green Building Forum<\/a>, Riyadh, Saudi Arabia.<\/p>\n<p>10-11 October (Tuesday-Wednesday): <a href=\"https:\/\/greenenergyafricasummit.com\/home\">Green Energy Africa Summit<\/a>, Cape Town International Convention Centre 2, Cape Town, South Africa.<\/p>\n<p>8-12 October (Sunday-Thursday): <a href=\"https:\/\/unfccc.int\/MENACW2023\">MENA Climate Week<\/a>, Riyadh, Saudi Arabia.<\/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>10-12 October (Tuesday-Thursday): <a href=\"https:\/\/aemobforum.com\/\">Autonomous E-Mobility Forum<\/a>, Doha, Qatar.<\/p>\n<p>16-17 October (Monday-Tuesday): <a href=\"https:\/\/duqm23.opaz.gov.om\/\">Duqm Economic Forum<\/a>, Duqm, Oman.<\/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>18-20 October (Wednesday-Friday): <a href=\"https:\/\/www.atalayar.com\/en\/articulo\/economy-and-business\/morocco-and-belgium-will-hold-business-meeting-on-green-hydrogen-in-october\/20230719115701188407.html\">Morocco and Belgium business meeting on green hydrogen<\/a>, Tangiers, Morocco.<\/p>\n<p>17-18 October (Tuesday- Wednesday): <a href=\"https:\/\/criticalmineralsafrica.com\/\">Critical Minerals Africa Summit<\/a>, Cape Town, South Africa.<\/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>25-26 October (Friday-Saturday): <a href=\"https:\/\/events.reutersevents.com\/renewable-energy\/offshore-floating-wind-europe\">Offshore & Floating Wind Europe 2023<\/a>, London, United Kingdom.<\/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>1-3 November (Wednesday-Friday): <a href=\"https:\/\/forbesmiddleeastevents.com\/sustainability-leaders-summit\/\">Forbes Middle East Sustainability Leaders Summit 2023<\/a>, Abu Dhabi, UAE.<\/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>9-15 November (Thursday-Wednesday): <a href=\"https:\/\/www.intrafricantradefair.com\/\">Intra-African Trade Fair 2023<\/a>, Cairo, Egypt.<\/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>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>20-24 November (Monday-Friday) I<a href=\"https:\/\/wam.ae\/en\/details\/1395303172305\">nternational Civil Aviation Organisation\u2019s Aviation and Alternative Fuels conference<\/a>, Dubai, UAE.<\/p>\n<p>27-30 November (Monday-Thursday) <a href=\"https:\/\/twitter.com\/ADGlobalMarket\/status\/1672228350046224384\">Abu Dhabi Finance Week (ADFW)<\/a>, Abu Dhabi, UAE.<\/p>\n<p>28-29 November (Tuesday-Wednesday): <a href=\"https:\/\/wges.ae\/\">World Green Economy Summit (WGES)<\/a>, Dubai, UAE.<\/p>\n<p>30 November - 12 December (Thursday-Tuesday): <a href=\"https:\/\/unfccc.int\/\">Conference of the Parties (COP 28)<\/a>, Dubai, UAE.<\/p>\n<p><strong>DECEMBER 2023<\/strong><\/p>\n<p>4 December (Monday): <a href=\"https:\/\/www.greeninitiatives.gov.sa\/news-and-announcements\/third-edition-of-saudi-green-initiative-forum-to-take-place-during-cop28\/\">Saudi Green Initiative Forum<\/a>, Dubai, UAE.<\/p>\n<p>12-14 December (Tuesday-Thursday): <a href=\"https:\/\/www.facebook.com\/ghseoman\/\">Green Hydrogen Summit Oman<\/a>, Oman Convention and Exhibition Center, Muscat, Oman.<\/p>\n<p>18-20 December (Monday-Wednesday): <a href=\"https:\/\/saudi-sg.com\/en\/\">Saudi Arabia Smart Grid Conference<\/a>, Hilton Riyadh Hotel & Residences, Riyadh, Saudi Arabia.<\/p>\n<p><strong>JANUARY 2024<\/strong><\/p>\n<p>9-11 January (Tuesday-Thursday): <a href=\"https:\/\/www.futuremineralsforum.com\/\">Future Minerals Forum<\/a>, Riyadh, Saudi Arabia.<\/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>DECEMBER 2024<\/strong><\/p>\n<p>2-13 December (Monday-Friday): <a href=\"https:\/\/www.unccd.int\/news-stories\/notifications\/sixteenth-session-unccd-conference-parties-cop-16-riyadh\">Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification<\/a>, Riyadh, KSA.<\/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\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":79434,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-79433","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"c1d2f8ea-a1f9-4864-a4dc-7e1f1008d5f7","teaser":"","photo_url":"https:\/\/ent.news\/2022\/1\/110.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adnoc reaches final investment decision to build one of MENA\u2019s largest CCUS projects - 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\/adnoc-reaches-final-investment-decision-to-build-one-of-menas-largest-ccus-projects\/\" \/>\n<meta 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