{"id":80204,"date":"2023-10-24T01:00:12","date_gmt":"2023-10-24T01:00:12","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=80204"},"modified":"2025-12-15T09:45:51","modified_gmt":"2025-12-15T09:45:51","slug":"ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/","title":{"rendered":"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi"},"content":{"rendered":"<section id=\"80206\" 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=\"80206\">\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\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/\">\r\n                            TODAY: Lots of KSA news + Algeria is getting a new 50 MW green hydrogen plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=TODAY: Lots of KSA news + Algeria is getting a new 50 MW green hydrogen plant&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/&title=TODAY: Lots of KSA news + Algeria is getting a new 50 MW green hydrogen plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=TODAY%3A+Lots+of+KSA+news+%2B+Algeria+is+getting+a+new+50+MW+green+hydrogen+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Ftoday-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1622.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80207\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/today-lots-of-ksa-news-algeria-is-getting-a-new-50-mw-green-hydrogen-plant\/1622-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1622.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1622.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1622.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1622.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80206\" class=\"content-area-description single-story post-80206 post type-post status-publish format-standard has-post-thumbnail hentry category-what-were-tracking-today tag-cop28 tag-enterpriseclimate tag-green-hydrogen tag-saudi-arabia tag-uae tag-what-were-tracking-today wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Good morning, wonderful people. <\/strong>We have a compact issue for you this morning after a very busy start to the week with some big news emerging from KSA\u2026<\/p>\n<p><strong>THE BIG CLIMATE STORY-<\/strong> Saudi sovereign wealth fund the Public Investment Fund and Hyundai Motor Company signed a JV agreement to establish a highly automated vehicle manufacturing plant in the kingdom.<\/p>\n<p><strong>^^ We have the details on this story and more in the news well, below.<\/strong><\/p>\n<p><strong>HAPPENING TODAY- The <\/strong><strong><a href=\"https:\/\/fii-institute.org\/conference\/fii7\/\">Future Investment Initiative<\/a><\/strong><strong> is kicking off today in Riyadh and <\/strong><strong>running through<\/strong><strong> to <\/strong><strong>Thursday.<\/strong> The event will gather state leaders, policymakers, executives, academics, NGOs, entrepreneurs, and scientists and host panels on how to scale green technologies, mining, AI\u2019s role in the energy revolution, and how geoeconomics will impact critical minerals among other topics.<\/p>\n<p><strong><a class=\"content-anchor\" id=\"tldr-story-04\"><\/a><\/strong><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- <\/strong><strong>100+ companies demand a fossil fuels axing deadline: <\/strong>Ikea, Volvo, Unilever, Vodafone, and 130 other global conglomerates with a combined annual book value of over USD 1 tn signed an open letter ahead of COP28 calling for a timeline on scrapping fossil fuels. The unified front said that corporations are \u201cfeeling the effects and cost of increasing extreme weather events resulting from climate change,\u201d the letter read. \u201cWe call on all parties attending COP28 to seek outcomes that will lay the groundwork to transform the global energy system towards a full phaseout of unabated fossil fuels and halve emissions this decade,\u201d the letter added. Back in July, a meeting of G20 energy ministers at the Energy Transitions Ministerial Meeting in India <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 fossil fuel producers led by Saudi Arabia and Russia blocked the move. Western nations including the EU <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b9933f84-4111-4baa-8666-44576b3fc255\">remain divided<\/a> on how hard to push for a global agreement to fully phase-out fossil fuels at COP28.<\/p>\n<p><strong>The story got coverage in <\/strong><strong><a href=\"https:\/\/www.reuters.com\/sustainability\/cop\/nestle-volvo-among-130-companies-urging-cop28-agreement-ditch-fossil-fuels-2023-10-23\/\">Reuters<\/a><\/strong> <strong>and the <\/strong><strong><a href=\"https:\/\/www.ft.com\/content\/653560ff-6706-4e18-a7c0-36b8f6b8f282\">Financial Times<\/a><\/strong><strong>.<\/strong><\/p>\n<hr class=\"grey-line\">\n<p><strong>WATCH THIS SPACE #1- It\u2019s official for KSA\u2019s hydrogen oasis: <\/strong>KSA Crown Prince Mohammed bin Salman and South Korea\u2019s President Yoon Suk Yeol attended the signing ceremony for the previously announced \u201c<a href=\"https:\/\/climate.enterprise.press\/\">Hydrogen Oasis<\/a>\u201d cooperation initiative, the Saudi Ministry of Energy <a href=\"https:\/\/twitter.com\/MoEnergy_Saudi\/status\/1716161600560767021\/video\/2\">said<\/a> yesterday. The joint initiative will work on establishing bilateral committees managing each step of the clean hydrogen value chain from production to storage and distribution, and facilitate partnership agreements between developers from both countries. The statistics agencies of both countries are also expected to ink a knowledge transfer agreement on \u201cmaterial on statistical production\u201d of clean hydrogen.<\/p>\n<p><strong><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a><\/strong><strong>ALSO- PIF is looking to partner up with the EU on clean energy: <\/strong>Saudi Arabia\u2019s Minister of Investment Khalid Al-Falih says KSA\u2019s sovereign wealth fund The Public Investment Fund (PIF) is seeking partnerships with EU-based companies in the green hydrogen and renewables markets, <a href=\"https:\/\/www.asharqbusiness.com\/article\/56005\/%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%A8%D8%AF%D9%8A-%D8%A7%D8%B3%D8%AA%D8%B9%D8%AF%D8%A7%D8%AF%D9%87%D8%A7-%D9%84%D8%B4%D8%B1%D8%A7%D9%83%D8%A7%D8%AA-%D9%85%D8%B9-%D8%A7%D9%84%D8%A7%D8%AA%D8%AD%D8%A7%D8%AF-%D8%A7%D9%84%D8%A3%D9%88%D8%B1%D9%88%D8%A8%D9%8A-%D8%B9%D8%A8%D8%B1-%D8%B5%D9%86%D8%AF%D9%88%D9%82%D9%87%D8%A7-%D8%A7%D9%84%D8%B3%D9%8A%D8%A7%D8%AF%D9%8A\/\">Asharq Business<\/a> reports. The kingdom is looking to leverage strong economic cooperation between both sides \u2014 as well as the kingdom\u2019s green hydrogen infrastructure \u2014 to expand bilateral development, Al-Falih said. The European Commission's Vice President Maro\u0161 \u0160ef\u010dovi\u010d inked an agreement to establish an EU Chamber of Commerce in KSA to expand cooperation with the kingdom and the wider GCC region, the news outlet notes. Germany\u2019s foreign ministry opened a <a href=\"https:\/\/www.auswaertiges-amt.de\/en\/aussenpolitik\/themen\/hydrogen-diplomacy-office\/2513802\">hydrogen-focused diplomacy office<\/a> in Riyadh back in 2022 in a bid to provide electrolyzers for <a href=\"https:\/\/climate.enterprise.press\/issues\/2023\/05\/23\/neom-achieves-financial-close-usd-8-4-bn-hydrogen-project\/#tldr-story-01\">Neom\u2019s USD 8.4 bn<\/a> green hydrogen plant in exchange for <a href=\"https:\/\/ecfr.eu\/publication\/renewable-relations-a-strategic-approach-to-european-energy-cooperation-with-the-gulf-states\/\">green fuel exports<\/a> to the EU country.<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">\n          Get <b style=\"font-weight: 700\">Enterprise<\/b> daily<br \/>\n        <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>     <a href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\">Subscribe here<\/a>\n    <\/div>\n<\/p><\/div>\n<\/div>\n<p><p>***<\/p>\n<p><strong>YOU\u2019RE READING ENTERPRISE CLIMATE, the essential MENA publication for senior execs who care about the world\u2019s most important industry. <\/strong>We\u2019re out Monday through Thursday by 5am Cairo \/ 5am Riyadh \/ 6am UAE.<\/p>\n<p><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong> <a href=\"http:\/\/www.enterprise.news\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, and The Weekend Edition on our powerful new website packed with reader-friendly features.<\/p>\n<p>Were you forwarded this email? <strong>Get your own <\/strong><strong><a href=\"https:\/\/climate.enterprise.press\/subscribe\/\">subscription without charge here<\/a><\/strong> or reach out to us on <a href=\"mailto:climate@enterprisemea.com\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/>\n <strong>***<\/strong><\/p>\n<p><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p><strong>Tunisia will host the <\/strong><strong><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/16739922-energy-challenges\">International Fair of Energy Transition<\/a><\/strong><strong> from Wednesday, 25 October <\/strong><strong>to Friday, 27 October<\/strong> in Tunis. The event will host global stakeholders in the energy sector and will focus on promoting financing energy transition and discussing the challenges of renewables, energy efficiency and storage, and electric mobility.<\/p>\n<p><strong><a href=\"https:\/\/www.cairowaterweek.eg\/cww2023\/\">Cairo Water Week<\/a><\/strong><strong> is taking place from Sunday, 29 October to Thursday, 2 November.<\/strong> This year\u2019s event will focus on global green developments in the water sector with sessions discussing the development of scientific solutions, practical tools, policies, and concrete measures to overcome today\u2019s water challenges. The five-day event is organized by Egypt\u2019s Ministry of Water Resources and Irrigation, in partnership with the EU and FAO.<\/p>\n<p><strong>India will host the <\/strong><strong><a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=1968881\">International Solar Alliance<\/a><\/strong><strong> from Monday, 30 October to Thursday, 2 <\/strong><strong>November<\/strong> in New Delhi. Some 96 member countries will participate and discuss mobilizing funds to accelerate solar deployments, the universalization of energy access through solar mini-grids, and diversifying manufacturing and supply chains for solar energy production.<\/p>\n<p><strong>The UAE will host the <\/strong><strong><a href=\"https:\/\/forbesmiddleeastevents.com\/sustainability-leaders-summit\/\">Forbes Middle East Sustainability Leaders Summit<\/a><\/strong><strong> from <\/strong><strong>Wednesday, 1 November to Saturday, 3 November <\/strong>in Abu Dhabi. The summit will gather international leaders in sustainability, technology, finance, and policy to drive green strategies globally. The agenda includes sessions on climate-smart cities, green mobility, sustainable finance, and sustainable tourism. The summit is expected to set the tone for international and regional dialogue and decision-making, including COP28 which will kick off in late November.<\/p>\n<p><strong><a href=\"https:\/\/enterprise.press\/am-edition\/#calendar\">Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/cop28\/\">COP28<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uae\/\">UAE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/what-were-tracking-today\/\">WHAT WE\u2019RE TRACKING TODAY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80208\" 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=\"80209\" 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=\"80209\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\">\r\n                            KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi                        <\/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\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\" 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\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/')\">\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\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\">\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\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/&title=KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=KSA%E2%80%99s+PIF+and+Hyundai+Motors+form+a+JV+to+build+a+manufacturing+plant+in+Saudi+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Fksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi%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\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1623.png?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80210\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/1623-png\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1623.png?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1623.png\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1623.png?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1623.png?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80209\" class=\"content-area-description single-story post-80209 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-electric-vehicles tag-enterpriseclimate tag-evs tag-hyundai tag-pif tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a class=\"content-anchor\" id=\"tldr-story-01\"><\/a><\/strong><strong>PIF and Hyundai team up <\/strong><strong>to manufacture EVs:<\/strong> Saudi sovereign wealth fund the Public Investment Fund (PIF) and Hyundai Motor Company signed a JV agreement to establish a USD 500 mn highly automated vehicle manufacturing plant in the kingdom, according to a <a href=\"https:\/\/www.pif.gov.sa\/en\/Pages\/NewsDetails.aspx?NewsId-264\/PIF-and-Hyundai-Motor-Company-Sign-Joint-Venture-Agreement-to-Establish-New-Automotive-Manufacturing-Plant-in-Saudi-Arabia\">statement<\/a>. PIF will have a 70% stake in the venture while Huyndai will hold the remaining 30% in addition to providing technical and commercial expertise.<\/p>\n<p><strong>The details: <\/strong>The plant will have a manufacturing capacity of 50k vehicles annually including both internal combustion engines and EVs, without disclosing how much of the annual output will be EVs. Construction is expected to start in 2024 and production in 2026.<\/p>\n<p><strong>We knew this was coming: <\/strong>Hyundai announced in September that it is planning to ink a formal agreement with Saudi Arabia to set up an <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e987a624-8db3-4c6b-bfd6-bbe62eddd6f8\">EV assembly<\/a> plant in the country. KSA also signed an MoU with Hyundai Motor Company for the construction of an EV and internal combustion engine manufacturing plant in January<\/p>\n<p><strong>What they said:<\/strong> \"Our investment in vehicle manufacturing with Hyundai Motor Company is a pivotal milestone, aligning closely with our <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4c08f92b-a46c-4e3f-8612-fda17753e740\">existing stakes in Lucid and Ceer Motors<\/a>, and amplifying the breadth of Saudi Arabia's automotive and mobility value chain,\u201d deputy governor and head of MENA Investments at PIF Yazeed A. Al-Humied said.<\/p>\n<p><strong>It\u2019s been a busy month for KSA:<\/strong> PIF and the Saudi Electricity Company (SEC) launched the Electric Vehicle Infrastructure Company <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2db29355-7532-4e33-a2c8-668568d738ad\">earlier this month<\/a> to expand fast-charging infrastructure across the kingdom. PIF also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8c166d36-61f3-4cb4-8ea9-20c64c527bb7\">launched Tasaru Mobility Investments<\/a>, which focuses on strengthening the local supply chain for electric and autonomous vehicles.<\/p>\n<p><strong>ALSO- Hyundai wants to work on hydrogen-based mobility: <\/strong>Hyundai Moors signed an MoU with Korea Automotive Technology Institute (KATECH), Air Products Qudra (APQ), and the Saudi Public Transport Company (SAPTCO) to establish and develop an ecosystem for hydrogen-based mobility in Saudi, according to a <a href=\"https:\/\/www.hyundai.com\/worldwide\/en\/company\/newsroom\/detail\/0000000335\">statement<\/a>. The collaboration will promote demonstration projects for hydrogen-fuel cell commercial vehicles. The partnership will see Hyundai provide hydrogen fuel cell commercial vehicles to SAPTCO, KATECH explore further research and development avenues, and APQ secure the hydrogen supply in the kingdom, the statement notes.<\/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\/electric-vehicles\/\">ELECTRIC VEHICLES<\/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\/hyundai\/\">Hyundai<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pif\/\">PIF<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80211\" 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=\"80211\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/\">\r\n                            Acwa Power will explore the feasibility of a KSA-EU green hydrogen corridor via the Port of Amsterdam                        <\/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\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/\" 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\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/')\">\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\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/\">\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=Acwa Power will explore the feasibility of a KSA-EU green hydrogen corridor via the Port of Amsterdam&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/\">\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\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/&title=Acwa Power will explore the feasibility of a KSA-EU green hydrogen corridor via the Port of Amsterdam\">\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=Acwa+Power+will+explore+the+feasibility+of+a+KSA-EU+green+hydrogen+corridor+via+the+Port+of+Amsterdam+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Facwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam%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\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80212\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/acwa-power-will-explore-the-feasibility-of-a-ksa-eu-green-hydrogen-corridor-via-the-port-of-amsterdam\/1904-jpeg-6\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1904.jpeg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/1904.jpeg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80211\" class=\"content-area-description single-story post-80211 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-acwa-power tag-enterpriseclimate tag-green-hydrogen tag-saudi-arabia wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a class=\"content-anchor\" id=\"tldr-story-07\"><\/a><\/strong><strong>Acwa Power and friends look into exporting green hydrogen to the EU: <\/strong>KSA renewables giant Acwa Power has signed an agreement with Dutch-based terminals operator <a href=\"https:\/\/www.zenithterminals.com\/\">Zenith Energy<\/a>, LNG shipping services <a href=\"https:\/\/www.gaslogltd.com\/about-us\/#:~:text=We%20are%20a%20leading%20global,businesses%20more%20reliable%20and%20profitable.\">GasLog<\/a>, and the <a href=\"https:\/\/www.portofamsterdam.com\/en\">Port of Amsterdam<\/a> to explore the feasibility of opening a green hydrogen corridor extending from the kingdom to Europe via Amsterdam, according to a <a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/acwa-power-dutch-entities-to-jointly-explore-green-hydrogen-export-corridor-es3wjmaq\">statement<\/a>.<\/p>\n<p><strong>What we know:<\/strong> Under the MoU, all parties will conduct a feasibility study to explore establishing a trade corridor for liquified green hydrogen between Acwa Power\u2019s production sites and the port of Amsterdam, the statement notes. Based on the results, the stakeholders may proceed to sign in a Joint Development Agreement (JDA) to define each of the parties\u2019 roles and responsibilities and engage with offtakers in the EU.<\/p>\n<p><strong>There\u2019s more: <\/strong>The parties will also explore incentives to increase the appetite for green hydrogen including affordable pricing, the statement adds, noting that the Dutch government has earmarked EUR 9 bn for the development of green hydrogen production and distribution with EUR 300 mn is reserved for imports up until 2030.<\/p>\n<p><strong>Acwa\u2019s stakes in Neom will come in handy: <\/strong>100% of the green hydrogen produced in Neom\u2019s green hydrogen plant \u2014 of which Acwa <a href=\"https:\/\/www.zawya.com\/en\/business\/energy\/saudi-acwa-power-signs-85bln-financing-for-neom-green-hydrogen-project-juyd87wy\">holds a 33.3% stake<\/a> \u2014 is <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/667db3a4-e073-4568-bb2e-5ea77b26e032\">marked for export<\/a>, with project co-developer US-based Air Products looking to earmark a sizable portion of Neom\u2019s green fuels for Germany.<\/p>\n<p><strong>The Port of Amsterdam has been busy:<\/strong> Last month, Suez Canal Economic Zone (SCZone) <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f017741a-f7cc-4187-a395-20bf7a37994a\">signed a cooperation agreement<\/a> with a consortium of Dutch-based green hydrogen developers to establish subsea interconnectors facilitating the export of green fuels from Egypt to the Port of Amsterdam. Back in January, the Port of Amsterdam and Dutch firms SkyNRG, Evos Amsterdam, and Zenith Energy Terminals <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/757bf5d3-3c24-496e-8345-18e4d771a340\">signed an agreement<\/a> with the UAE\u2019s Masdar to similarly explore the possibilities of green fuel exports to Europe. The Dutch government has similar agreements with Oman, Deputy Director at Port of Amsterdam Mark Hoolwerf <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/876e7437-9f19-4084-987d-368ad3133461\">told us<\/a> last month.<\/p>\n<p><strong>IN OTHER ACWA NEWS- <\/strong>Acwa Power also inked an agreement during the EU-Saudi Investment Forum with <a href=\"https:\/\/www.desolenator.com\/\">Desolenator<\/a> \u2014 a Dutch company pioneering circular solar thermal water desalination systems \u2014 to explore development across MENA\u2019s renewables, desalination, and green hydrogen production sectors, <a href=\"https:\/\/www.asharqbusiness.com\/article\/56036\/%D8%A7%D9%84%D8%B3%D8%B9%D9%88%D8%AF%D9%8A%D8%A9-%D8%AA%D8%B3%D8%B9%D9%89-%D9%84%D8%AA%D8%B5%D8%AF%D9%8A%D8%B1-%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-%D8%A7%D9%84%D8%A3%D8%AE%D8%B6%D8%B1-%D8%B9%D8%A8%D8%B1-%D9%85%D9%8A%D9%86%D8%A7%D8%A1-%D8%A3%D9%85%D8%B3%D8%AA%D8%B1%D8%AF%D8%A7%D9%85\/\">Asharq Business<\/a> reports. The agreement will see both firms partner on research and development and knowledge transfer programs across the clean energy industry.<\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/saudi-arabia\/\">Saudi Arabia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80213\" class=\"issue-section \">\n<div class=\"issue-section__content\">\n<div class=\"stories\">            <!-- Show divider before story section -->\r\n        <div \r\n            class=\"\r\n                            \"\r\n            id=\"80213\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/80213\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80213\" class=\"content-area-description single-story post-80213 post type-post status-publish format-standard hentry wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p class='web-image'><a href='https:\/\/weareiph.com\/'><img decoding=\"async\" data-recalc-dims=\"1\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/5\/1828.jpg?ssl=1\" alt='enterprise'><\/a><\/p>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80214\" 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=\"80214\">\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\">GREEN HYDROGEN<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/\">\r\n                            Algeria is getting a new 50 MW green hydrogen plant with help from Germany                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/\" 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\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/')\">\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\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/\">\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=Algeria is getting a new 50 MW green hydrogen plant with help from Germany&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/\">\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\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/&title=Algeria is getting a new 50 MW green hydrogen plant with help from Germany\">\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=Algeria+is+getting+a+new+50+MW+green+hydrogen+plant+with+help+from+Germany+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Falgeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany%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\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80215\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/algeria-is-getting-a-new-50-mw-green-hydrogen-plant-with-help-from-germany\/253-jpg-22\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"253.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2021\/8\/253.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80214\" class=\"content-area-description single-story post-80214 post type-post status-publish format-standard has-post-thumbnail hentry category-green-hydrogen tag-algeria tag-enterpriseclimate tag-green-hydrogen wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a class=\"content-anchor\" id=\"tldr-story-02\"><\/a>Germany signs off on EUR 12 mn hydrogen pilot project in Algeria: <\/strong>Algeria and Germany have signed a contract to jointly develop a EUR 12 mn 50 MW green hydrogen project in Algeria, according to a <a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid03BbfjS1VjJs1Z6TpumZg12NhHWMoUwzbefVC2swCfivuhBvbabuFEfJYkaPaWDdxl\">statement<\/a>.<\/p>\n<p><strong>What we know:<\/strong> The German Development Bank KfW will be extending a portion of the financing for the project, the statement notes. It is unclear whether this is the same 50 MW project Sonatrach and VNG AG agreed to conduct feasibility studies for <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dc1002ec-0ddc-4ff5-816a-c01831ad2522\">back in December<\/a>.<\/p>\n<p><strong>More in the pipeline:<\/strong> Sonatrach \u2014 which <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9511f8b3-22e4-4836-a55d-f21382c72db9\">aims to develop<\/a> 15 GW of renewables capacity by 2035 to meet national climate targets \u2014 and VNG AG also want to expand cooperation on hydrogen-focused knowledge-transfer programs and development projects, Arkab noted in an earlier separate <a href=\"https:\/\/www.facebook.com\/energyalgeria2021\/posts\/pfbid0APetEmrZrHiPnDt41K8DsXm16jXC5nAfUhEiWCGFSxV7hQ1xudSH7MkNpWXqssVAl\">statement<\/a>.<\/p>\n<p><strong>On the hunt for funds:<\/strong> Algeria \u2014 which said in May that it will allocate USD 20-25 bn to boost its green hydrogen production capacity \u2014 has been seeking investment and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/12a65d3c-3825-47d2-9a57-75f7f7a96829\">development avenues<\/a> in the hydrogen sector with Exxon, Chevron, and <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d407ae48-fadb-46c3-842a-e8ee0965ab97\">Eni<\/a>. The country was <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4f2e1dd9-79af-44a5-89cd-1b37b5fe288c\">recently axed by Spain<\/a> from the European Hydrogen Backbone (EHB), which aims to transport green hydrogen from North Africa to Europe. Despite diplomatic tensions with Madrid, Algeria is exploring a separate hydrogen interconnector to the EU <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/d407ae48-fadb-46c3-842a-e8ee0965ab97\">with Italy<\/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\/algeria\/\">Algeria<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80216\" 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=\"80216\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">5<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE DIPLOMACY<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/\">\r\n                            The UAE and Singapore team up on green tech and smart cities                        <\/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\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/\" 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\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/')\">\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\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=The UAE and Singapore team up on green tech and smart cities&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/\">\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\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/&title=The UAE and Singapore team up on green tech and smart cities\">\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+and+Singapore+team+up+on+green+tech+and+smart+cities+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Fthe-uae-and-singapore-team-up-on-green-tech-and-smart-cities%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\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1624.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80217\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/the-uae-and-singapore-team-up-on-green-tech-and-smart-cities\/1624-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1624.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1624.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1624.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1624.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80216\" class=\"content-area-description single-story post-80216 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-diplomacy tag-climate-diplomacy tag-decarbonization tag-enterpriseclimate tag-green-tech tag-singapore tag-smart-cities tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>UAE, Singapore partner to cooperate on green tech + smart cities: <\/strong>Singapore\u2019s Prime Minister Lee Hsien Loong and UAE President Mohamed Al Nahyan signed an MoU to increase cooperation on developing carbon reduction tech, smart city construction, and environmental protection partnership, <a href=\"https:\/\/wam.ae\/en\/details\/1395303212332\">Wam<\/a> reports. The MoU builds on the Singapore-UAE Comprehensive Partnership signed back in 2019.<\/p>\n<p><strong>Singapore is active in the region\u2019s clean energy market:<\/strong> Singapore\u2019s Sembcorp Utilities was among developers selected <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1728d9b1-718d-4aef-858e-d2202348434d\">for Oman\u2019s 500 MW Manah 2 PV plant<\/a>. Singapore\u2019s sovereign fund GIC and French hydrogen investor Hy24 also <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dac41906-1485-42fe-b103-9d11a851945c\">invested USD 115 mn<\/a> in InterContinental Energy's green hydrogen expansion plans in the Middle East and Australia. Singapore-based carbon trading exchange AirCarbon Exchange also launched the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2267fc43-054b-48b1-b300-721a827ae2dc\">UAE Carbon Alliance<\/a> with the UAE Independent Climate Change Accelerators in June to set up a framework for carbon markets.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Dewa <\/strong><strong>and Switzerland explore collaboration on renewable<\/strong><strong> energy:<\/strong> Dubai Electricity and Water Authority CEO Saeed Mohammed Al Tayer and Consul-General of Switzerland in Dubai Angelica Schempp discussed collaboration in developing and deploying clean and renewable energy, energy efficiency, and the water sector. (<a href=\"https:\/\/wam.ae\/en\/details\/1395303212792\">Wam<\/a>) <\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-diplomacy\/\">CLIMATE DIPLOMACY<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/singapore\/\">Singapore<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/smart-cities\/\">smart cities<\/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=\"80218\" 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=\"80218\">\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\">GREEN TECH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/\">\r\n                            UAE startup Terra debuts MENA\u2019s first swappable battery station for EVs                        <\/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\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/\" 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\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/')\">\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\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=UAE startup Terra debuts MENA\u2019s first swappable battery station for EVs&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/\">\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\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/&title=UAE startup Terra debuts MENA\u2019s first swappable battery station for EVs\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=UAE+startup+Terra+debuts+MENA%E2%80%99s+first+swappable+battery+station+for+EVs+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Fuae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs%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\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1625.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80219\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/uae-startup-terra-debuts-menas-first-swappable-battery-station-for-evs\/1625-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1625.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1625.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1625.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1625.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80218\" class=\"content-area-description single-story post-80218 post type-post status-publish format-standard has-post-thumbnail hentry category-green-tech tag-enterpriseclimate tag-evs tag-green-tech tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a class=\"content-anchor\" id=\"tldr-story-05\"><\/a><\/strong><strong> Dead battery? No problem: <\/strong>UAE startup <a href=\"https:\/\/terratech.ae\/\">Terra<\/a> has launched MENA\u2019s first smart battery swapping solution for EVs following the <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/05bb33e2-259a-4727-b2cb-3fa970387e14\">development of its first fleet<\/a> of all-electric motorbikes in July, according to a <a href=\"https:\/\/aetoswire.com\/en\/news\/terra18102023en\">statement<\/a>. The number of battery swapping units at designated gas and EV charging stations was not revealed, nor were the prices for each battery pack or how the depleted battery cells would be repurposed.<\/p>\n<p><strong>Battery swaps provide a solution to poor EV charging infrastructure: <\/strong>The drop-in replacement battery swapping solution \u2014 which can be completed <a href=\"https:\/\/www.youtube.com\/watch?v=5QeQ3VM4A4w%5C\">in about five minutes<\/a> depending on EV and battery make \u2014 offers a quick fix to poor EV charging infrastructure globally, and can help accelerate the transition to green mobility by enabling replenishment of EV driving range on the go instead of lengthy recharge durations. EV charging durations can take between 30 minutes and 12 hours depending on battery size and charging point speed. The global swappable EV battery market was valued <a href=\"https:\/\/www.grandviewresearch.com\/industry-analysis\/swappable-electric-vehicle-battery-market-report\">at USD 452.9 mn<\/a> in 2022, and is forecast to grow at a 22.8% CAGR rate from 2023 to 2030.<\/p>\n<p><strong>What they said: <\/strong>\u201cWhat sets Terra apart is our vision of a universal swapping network that caters to all-electric vehicles on the road. We are not just making EVs more accessible; we are creating a versatile, all-inclusive swapping network that welcomes all-electric vehicles, further propelling the eco-conscious future of the last-mile delivery Industry,\u201d the company noted.<\/p>\n<p><strong>Two birds, one EV maker? <\/strong>Terra also launched their Reviving Earth initiative which will see the company plant a mangrove tree for each of their electric motorbikes that hits the UAE roads.<\/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\/evs\/\">EVs<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-tech\/\">green tech<\/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=\"80220\" 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=\"80220\">\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\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/\">\r\n                            Oman will carry out a feasibility study on establishing hydrogen fuelling stations in Duqm                        <\/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\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/\" 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\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/')\">\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\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/\">\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 will carry out a feasibility study on establishing hydrogen fuelling stations in Duqm&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/\">\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\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/&title=Oman will carry out a feasibility study on establishing hydrogen fuelling stations in Duqm\">\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+will+carry+out+a+feasibility+study+on+establishing+hydrogen+fuelling+stations+in+Duqm+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Foman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm%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\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1626.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80221\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/oman-will-carry-out-a-feasibility-study-on-establishing-hydrogen-fuelling-stations-in-duqm\/1626-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1626.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1626.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1626.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/10\/1626.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80220\" class=\"content-area-description single-story post-80220 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-enterpriseclimate tag-hydrogen tag-oman wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Oman explores setting up a hydrogen fueling network in Duqm:<\/strong> Omani state-owned gas network operator OQ has signed an agreement with Oman\u2019s Transport, Communication, and Information Technology Ministry, Asyad Group, Oman Oil Marketing Company, and Air Liquide Group to conduct a joint study on the feasibility of establishing hydrogen fuelling stations in the country\u2019s Duqm economic zone, the <a href=\"https:\/\/www.omannews.gov.om\/topics\/en\/80\/show\/114629\/\">Oman News Agency<\/a> (ONA) reported on Sunday. The joint study aims to leverage Oman\u2019s proximity to foreign markets and its high solar and wind power potential to create a centralized hub for hydrogen-powered vehicle recharging, ONA says.<\/p>\n<p><strong>On a roll:<\/strong> Earlier this month, BP Oman and Opaz <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/6f087e58-8c3f-4806-9ebd-659cb12aa225\">signed an agreement<\/a> to set up a green hydrogen plant in Duqm, which is planned to have an annual 150k ton production capacity to be powered by 3.3 GW of renewable power. Oman was the first MENA country to outline a hydrogen production strategy, announcing in November plans to <a href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e806e16c-672f-4775-8776-6f597297731a\">earmark USD 140 bn<\/a> in investments by 2050 to expand generation of the energy source and produce between 1-1.25 mn metric tonnes of green hydrogen by 2030, rising to 3.25-3.75 mn metric tons by 2040, and 7.5-8.5 mn metric tons by 2050.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>KSA + South Korea agree to swap knowledge: <\/strong>KSA\u2019s state-owned Saline Water Conversion Corporation (SWCC) signed two knowledge-transfer agreements with South Korean firms on desalination, green hydrogen, and carbon capture. (<a href=\"https:\/\/www.spa.gov.sa\/N1984492\">Saudi Press Agency<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/hydrogen\/\">hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/oman\/\">Oman<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"80222\" 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=\"80222\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/\">\r\n                            Power Capital Renewable Energy is up for sale                        <\/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\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/\" 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\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/')\">\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\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/\">\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=Power Capital Renewable Energy is up for sale&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/\">\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\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/&title=Power Capital Renewable Energy is up for sale\">\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=Power+Capital+Renewable+Energy+is+up+for+sale+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Fpower-capital-renewable-energy-is-up-for-sale%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\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3075.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"80223\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/power-capital-renewable-energy-is-up-for-sale\/3075-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3075.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"3075.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3075.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2023\/8\/3075.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80222\" class=\"content-area-description single-story post-80222 post type-post status-publish format-standard has-post-thumbnail hentry category-around-the-world tag-around-the-world tag-bess tag-enterpriseclimate tag-pcre tag-solar tag-uk wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong>Power Capital Renewable Energy<\/strong><strong> is up for sale:<\/strong> <a href=\"https:\/\/www.powercapital.ie\/\">Power Capital Renewable Energy<\/a> (PCRE), a big developer of solar energy and battery storage in the UK, is up for sale by its backer <a href=\"https:\/\/www.omnescapital.com\/\">Omnes Capital<\/a>, <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2023-10-21\/pe-backed-power-capital-renewable-energy-put-up-for-sale-times#xj4y7vzkg\">Bloomberg<\/a> reports. The valuation of the company came at EUR 400 mn (USD 424 mn). PCRE has a 3.5 GW portfolio of solar and energy storage assets across <a href=\"https:\/\/www.powercapital.ie\/project\/power-capital-renewable-energy-specialise-in-developing-large-scale-photovoltaic-solar-farms\/\">Ireland<\/a> and the <a href=\"https:\/\/www.powercapital.ie\/hawthorne-renewables\/\">US<\/a>. <a href=\"http:\/\/akereos.com\/\">Akereos Capital<\/a> has been retained to find a buyer, and the sale will either involve a majority stake or 100% of the firm.<\/p>\n<p><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Occidental quietly offloads major CCS plant:<\/strong> Oil giant Occidental sold its Century carbon capture and storage (CCUS) plant last year after a decade of economic issues. The plant was found to have run with less than a third of its capacity since it was established and was sold for USD 200 mn, 4x less than the construction investment alone. (<a href=\"https:\/\/www.bloomberg.com\/news\/features\/2023-10-23\/occidental-quietly-ditched-world-s-biggest-carbon-capture-plant#xj4y7vzkg\">Bloomberg<\/a>)<\/li>\n<\/ul>\n\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bess\/\">BESS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/pcre\/\">PCRE<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/uk\/\">UK<\/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=\"80224\" 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=\"80224\">\r\n            \r\n                <div class=\"issue-story-header text-center\">\r\n                    <div class=\"index-number\">9<\/div>\r\n\r\n                    <p class=\"f-graphik\">CLIMATE IN THE NEWS<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/\">\r\n                            Startups tackle the problem of pricing secondhand EVs with battery health certification tests                        <\/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\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/\" 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\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/')\">\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\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/\">\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=Startups tackle the problem of pricing secondhand EVs with battery health certification tests&url=https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/\">\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\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/&title=Startups tackle the problem of pricing secondhand EVs with battery health certification tests\">\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=Startups+tackle+the+problem+of+pricing+secondhand+EVs+with+battery+health+certification+tests+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2023%2F10%2F24%2Fstartups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests%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\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/\">\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=\"80225\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2023\/10\/24\/startups-tackle-the-problem-of-pricing-secondhand-evs-with-battery-health-certification-tests\/1696-jpg-2\/\" 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-80224\" class=\"content-area-description single-story post-80224 post type-post status-publish format-standard has-post-thumbnail hentry category-climate-in-the-news tag-altelium tag-aviloo tag-climate-in-the-news tag-driverama tag-enterpriseclimate tag-ev tag-evs tag-uk tag-us wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><strong><a class=\"content-anchor\" id=\"tldr-story-06\"><\/a><\/strong><strong>Testing EV battery health is essential for the secondhand market:<\/strong> Startups are racing to test and certify battery health and performance for used EVs to help buyers determine their worth in the secondhand market, <a href=\"https:\/\/www.reuters.com\/business\/autos-transportation\/battery-test-race-work-out-what-used-evs-are-really-worth-2023-10-23\/\">Reuters<\/a> reports. The value of used EV batteries \u2014 which constitute 40% of an EV\u2019s price tag \u2014 depends mainly on its driving range and ability to hold a charge.<\/p>\n<p><strong>Why does this matter?<\/strong> The lack of independent tests for EVs' range has hurt the market and being able to measure the battery's health will help buyers in the second market value their purchases better, the newswire adds. Used EV prices fell drastically last month y-o-y in the US and the UK, according to reports by EV startup <a href=\"https:\/\/www.recurrentauto.com\/research\/used-electric-vehicle-buying-report\">Recurrent<\/a> and <a href=\"https:\/\/www.autotraderroadto2030.co.uk\/\">Autotrader<\/a>. Autotrader cited \"consumer concerns around battery life in used EVs.\"<\/p>\n<p><strong>The pressure is on to develop testing methods:<\/strong> UK startup <a href=\"https:\/\/altelium.com\/\">Altelium<\/a> has developed an EV battery health test and certificate which it's aiming to launch this year to over 7k US car dealers and 5k British dealers. \"If the second-hand car market doesn't work properly, the new car market doesn't work properly and the electric transition won't happen,\" Altelium business development manager Alex Jones told Reuters. Volkswagen-backed Australian startup <a href=\"https:\/\/aviloo.com\/home-en.html\">Aviloo<\/a> also developed a battery test for dealers and individuals and found that EV battery health can vary up to 30% after 100k km. Consumers looking for used EVs with 90% of the brand-new range can end up with ones at just 70% due to previous bad charging habits that should knock thousands off its value, Aviloo CEO Marcus Berger told the newswire.<\/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\/altelium\/\">Altelium<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/aviloo\/\">Aviloo<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/climate-in-the-news\/\">CLIMATE IN THE NEWS<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/driverama\/\">Driverama<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ev\/\">EV<\/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\/uk\/\">UK<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/us\/\">US<\/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=\"80226\" 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\/10\/24\/80226\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-80226\" class=\"content-area-description single-story post-80226 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>OCTOBER 2023<\/strong><\/p>\n<p>24-26 October (Thursday-Saturday): <a href=\"https:\/\/fii-institute.org\/conference\/fii7\/\">Future Investment Initiative<\/a>, Riyadh, KSA.<\/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>25-27 October (Wednesday - Friday): <a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/16739922-energy-challenges\">International Fair of Energy Transition<\/a>, Tunis, Tunisia.<\/p>\n<p>29 October-2 November (Sunday-Thursday): <a href=\"https:\/\/bit.ly\/40YIn6F\">Cairo Water Week<\/a>, Cairo, Egypt<\/p>\n<p>29 -31 October (Sunday-Tuesday): <a href=\"https:\/\/www.egypt-energy.com\/en\/home.html\">Egypt Energy Conference<\/a>, Egypt International Exhibition Centre, Cairo, Egypt.<\/p>\n<p>30 October - 2 November (Monday-Thursday): <a href=\"https:\/\/pib.gov.in\/PressReleaseIframePage.aspx?PRID=1968881\">International Solar Alliance Assembly<\/a>, New Delhi, India.<\/p>\n<p>30 October - 1 November (Monday-Wednesday) <a href=\"https:\/\/www.facebook.com\/photo\/?fbid=704453251719392&set=a.356736726491048\">ISWA 2023 World Congress:<\/a> Global action towards a net-zero future, Muscat, Oman.<\/p>\n<p>31 October-2 November (Tuesday-Thursday): <a href=\"https:\/\/energytransitions.live.ft.com\/\">Financial Times\u2019 Energy Transition Summit<\/a>, London, UK.<\/p>\n<p>31 October-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>7-8 November (Tuesday-Wednesday): <a href=\"https:\/\/wam.ae\/en\/details\/1395303196450\">ADIA Lab Symposium on Climate Change and Health Sciences<\/a>, Abu Dhabi, UAE.<\/p>\n<p>7-8 November (Tuesday-Wednesday): <a href=\"https:\/\/us-algeria-energy-and-investment.org\/\">The 2023 US Algeria Energy Forum<\/a>, Washington DC, USA.<\/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>11-13 November (Saturday-Monday): <a href=\"https:\/\/gcc-turkiye.net\/\">GCC-T&uuml;rkiye Economic Forum<\/a>, Istanbul, Turkey.<\/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>4 December (Monday): <a href=\"https:\/\/abudhabisustainabilityweek.com\/en\/Media\/News\/ADSW-to-Host-Special-Edition-at-COP28\">Abu Dhabi Sustainability Week (ADSW) summit<\/a>, Dubai, UAE.<\/p>\n<p>4-7 December (Monday-Thursday): <a href=\"https:\/\/wam.ae\/en\/details\/1395303210320\">International Conference on Global Warming<\/a>, Ras Al Khaimah, UAE.<\/p>\n<p>6-7 December (Wednesday-Thursday): <a href=\"https:\/\/events.reutersevents.com\/energy-transition\/energy-mena?gad=1&gclid=CjwKCAjwp8OpBhAFEiwAG7NaEkLySAaI28xtTFfTJpxpdId4Xty5U8JBg8CGmDkjoI7AEv9U5WtmQBoCxdcQAvD_BwE\">Reuters\u2019 Energy Transition MENA conference<\/a>, Dubai, UAE.<\/p>\n<p>8 December (Friday): <a href=\"https:\/\/masdar.ae\/Strategic-Platforms\/Youth-4-Sustainability\/Youth-4-Sustainability-Hub\">Youth for Sustainability Forum (Y4S)<\/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>MARCH 2024<\/strong><\/p>\n<p>4-6 March (Monday-Wednesday): <a href=\"https:\/\/dust.ncm.gov.sa\/register\/\">International Conference on Sand and Dust Storms in the Arabian Peninsula<\/a>, Riyadh, Saudi Arabia.<\/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>MAY 2024<\/strong><\/p>\n<p>19-21 May (Sunday-Tuesday): <a href=\"https:\/\/www.saudienergyconvention.com\/\">Saudi Energy Convention<\/a>, Riyadh, KSA.<\/p>\n<p><strong>JUNE 2024<\/strong><\/p>\n<p>5 June (Wednesday): <a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\">World Environment Day<\/a>, Saudi Arabia.<\/p>\n<p><strong>OCTOBER 2024<\/strong><\/p>\n<p>10-12 October (Tuesday-Thursday): <a href=\"https:\/\/aemobforum.com\/\">Autonomous E-Mobility Forum<\/a>, Doha, Qatar.<\/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>12-14 February (Monday-Wednesday): <a href=\"https:\/\/www.safcongressmena.com\/\">Sustainable Aviation Futures MENA Congress<\/a>, Dubai, UAE.<\/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":80205,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-80204","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"a2bec8fe-0fc1-4767-b40e-c7d9a3614149","teaser":"","photo_url":"https:\/\/ent.news\/2021\/1\/275.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>KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi - 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\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:modified_time\" content=\"2025-12-15T09:45:51+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\",\"name\":\"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2023-10-24T01:00:12+00:00\",\"dateModified\":\"2025-12-15T09:45:51+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Issues\",\"item\":\"https:\/\/enterpriseam.com\/climate\/AMarchives\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/","og_locale":"en_US","og_type":"article","og_title":"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi","og_url":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/","og_site_name":"Climate","article_modified_time":"2025-12-15T09:45:51+00:00","twitter_card":"summary_large_image","twitter_image":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/","url":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/","name":"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1","datePublished":"2023-10-24T01:00:12+00:00","dateModified":"2025-12-15T09:45:51+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2021\/1\/275.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/issues\/ksas-pif-and-hyundai-motors-form-a-jv-to-build-a-manufacturing-plant-in-saudi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"Issues","item":"https:\/\/enterpriseam.com\/climate\/AMarchives\/"},{"@type":"ListItem","position":3,"name":"KSA\u2019s PIF and Hyundai Motors form a JV to build a manufacturing plant in Saudi"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}}]}},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/80204","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/issue"}],"version-history":[{"count":1,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/80204\/revisions"}],"predecessor-version":[{"id":80235,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/80204\/revisions\/80235"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/80205"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=80204"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=80204"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=80204"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}