{"id":84184,"date":"2024-05-15T00:00:00","date_gmt":"2024-05-15T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=84184"},"modified":"2025-12-15T10:48:52","modified_gmt":"2025-12-15T10:48:52","slug":"gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-evs","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-evs\/","title":{"rendered":"GV Auto signs agreement with China\u2019s Faw to manufacture and export EVs"},"content":{"rendered":"<section id=\"84186\" 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=\"84186\">\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\/2024\/05\/15\/today-egypt-cinches-a-major-ev-manufacturing-agreement-dp-world-electrifies-its-jebel-ali-freight-fleet\/\">\r\n                            TODAY: Egypt cinches a major EV manufacturing agreement + DP World electrifies its Jebel Ali freight fleet                        <\/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\/2024\/05\/15\/today-egypt-cinches-a-major-ev-manufacturing-agreement-dp-world-electrifies-its-jebel-ali-freight-fleet\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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There\u2019s also a world first in the ammonia shipping sector grabbing headlines, but first let\u2019s head across the pond as major rumblings emerge from the White House\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt1\"><\/a><\/strong><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- Biden hits Chinese EVs with 100% <\/strong><strong>tariffs: <\/strong>The US has gone on the offensive in the brewing trade war with China by <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/statements-releases\/2024\/05\/14\/fact-sheet-president-biden-takes-action-to-protect-american-workers-and-businesses-from-chinas-unfair-trade-practices\/\" style=\"\" rel=\"noopener\">announcing<\/a> a raft of tariff increases on USD 18 bn worth of Chinese imports that will each begin taking effect between 2024 and 2026. Tariffs on Chinese EVs will <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/972cabfb-f587-4cb3-ab21-ec3380b049da\" style=\"\" rel=\"noopener\">quadruple<\/a> to 100%, those on lithium-ion EV batteries to more than triple to 25%, those on solar cells to double to 50%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Biden\u2019s tough talk seems to be directed to US voters in equal measure to China<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-14\/biden-imposes-sweeping-tariffs-on-chinese-chips-minerals-evs?srnd=homepage-middle-east&amp;embedded-checkout=true\" style=\"\" rel=\"noopener\">warning<\/a> the world\u2019s factory yesterday that \u201cwhen you make tactics like this, you\u2019re not competing, it\u2019s not competition, it\u2019s cheating. And we\u2019ve seen damage here in America\u201d (<a target=\"_blank\" href=\"https:\/\/www.youtube.com\/watch?v=83j7_BSIVgs\" style=\"\" rel=\"noopener\">watch, runtime: 22:30<\/a>). The US is a minor market for Chinese EVs today. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Chinese issued a sharp but vague response calling the move \u201cpolitical manipulation\u201d ahead of the US election. <\/strong>\u201cChina will take resolute measures to safeguard its own rights and interests,\u201d the Chinese Ministry of Commerce said in a <a target=\"_blank\" href=\"http:\/\/www.mofcom.gov.cn\/article\/syxwfb\/202405\/20240503509566.shtml\" style=\"\" rel=\"noopener\">statement<\/a> yesterday. \u201cThe US should immediately correct its wrong actions and cancel the additional tariff measures against China.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story is grabbing headlines everywhere this morning:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/markets\/us\/biden-sharply-hikes-us-tariffs-billions-chinese-chips-cars-2024-05-14\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/biden-china-tariffs-electric-vehicles-evs-solar-2024ba735c47e04a50898a88425c5e2c\" style=\"\" rel=\"noopener\">AP<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-14\/biden-imposes-sweeping-tariffs-on-chinese-chips-minerals-evs?srnd=homepage-middle-east\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/05\/14\/us\/politics\/biden-china-tariffs.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.wsj.com\/politics\/elections\/biden-trump-tariffs-d405cbca\" style=\"\" rel=\"noopener\">The Wall Street Journal<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/972cabfb-f587-4cb3-ab21-ec3380b049da\" style=\"\" rel=\"noopener\">The Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/edition.cnn.com\/2024\/05\/14\/politics\/biden-tariffs-chinese-imports\/index.html\" style=\"\" rel=\"noopener\">CNN<\/a> | <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/05\/14\/biden-raises-china-tariffs-on-evs-solar-panels-batteries-.html\" style=\"\" rel=\"noopener\">CNBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/business\/article\/2024\/may\/14\/joe-biden-tariff-chinese-made-electric-vehicles\" style=\"\" rel=\"noopener\">The Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bbc.co.uk\/news\/business-69004520\" style=\"\" rel=\"noopener\">BBC<\/a> <\/p>\n<p class=\"tag-border-left\">WATCH THIS SPACE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a>#1- <\/strong><strong>Belgian <\/strong><strong>consulting firm <\/strong><strong><a target=\"_blank\" href=\"https:\/\/eliagrid-int.com\/\" style=\"\" rel=\"noopener\">Elia Grid<\/a><\/strong><strong> is set to complete a study on the costs and methods of <\/strong><strong>connecting green hydrogen and other renewables to Egypt\u2019s national grid<\/strong>, a source at Egypt\u2019s Ministry of Electricity told Enterprise Climate. The final draft will take into account global pricing policies, production expectations, and the predicted cost of electricity production in the next five years. It is scheduled to be sent to the Egyptian Electricity Transmission Company (EETC) by the end of this month, government sources told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/05\/14\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%84%D9%82%D9%89-%D8%AF%D8%B1%D8%A7%D8%B3%D8%A7%D8%AA-%D8%B1%D8%B3%D9%88%D9%85-%D8%B1%D8%A8%D8%B7-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%A7%D9%84%D9%87%D9%8A%D8%AF%D8%B1%D9%88%D8%AC%D9%8A%D9%86-%D8%B9%D9%84%D9%89-%D8%B4%D8%A8%D9%83%D8%A9-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%A7%D9%84%D8%B4%D9%87%D8%B1-%D8%A7%D9%84%D8%AC%D8%A7%D8%B1%D9%8A\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More details:<\/strong> The report assesses the implementation of up to 126 GW of renewable energy including 100 GW of green hydrogen and 26 GW of wind power, how to link them to the national grid, and provides the estimated technical and financial needs for connecting those projects, according to Al Arabiya. Egypt\u2019s Electricity Ministry had already received an initial draft of study and has provided amendment suggestions in the technical, legal and financial issues. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The EETC is <\/strong><strong>in on Egypt\u2019s<\/strong><strong> green hydrogen projects: <\/strong>The EETC will have a 7.5% share (or an equivalent fee) in Egypt\u2019s hydrogen projects, according to signed MoUs that Al Arabiya reviewed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Green hydrogen projects are expected to move forward in the coming period:<\/strong> Interest in green hydrogen projects was sparked once again in light of the recent devaluation and stabilization of the exchange rate, our source said, adding that foreign partners are predicted to bring their agreements into force in the coming period. Investments are expected to reach USD 29 bn in the medium term, up from the current USD 12 to 15 bn, they added, with investors set to receive <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/34a1031b-b726-4cf2-9978-f751f6d3ee56\/egypt%25e2%2580%2599s-green-hydrogen-incentive-package-gets-committee-level-parliament-approval\" style=\"\" rel=\"noopener\">33-50% tax exemptions<\/a> and a value-added tax exemption to incentivize hydrogen production.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- The study is critical for Egypt\u2019s green certifications: <\/strong>Assurances electricity purchased from the state will be generated from renewable sources remains unclear, and remain critical with EU exports in sight. Ensuring that the electricity is renewable-sourced is still being determined, Hydrogen Egypt CEO Khaled Naguib <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/18bf9dee-081a-47a4-9f41-1c89b041dc75\" style=\"\" rel=\"noopener\">told Enterprise Climate last year<\/a>. \u201cDevelopers are going to be looking for commitments from the government on what type of electricity will be used from the grid,\u201d he said, \u201cthis is still an open discussion, because the grid and electricity will need to be certified [to be labeled green].\u201d Other questions lingering include whether the existing grid will be used for the prospective green hydrogen projects or whether there will be a \u201cdedicated grid\u201d for the facilities, Naguib added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#2- We have an update on Tanzania\u2019s Julius Nyerere hydropower project: <\/strong>The Julius Nyerere Hydropower Plant And Dam in Tanzania \u2014 developed by Egyptian firms Arab Contractors and El Sewedy Electric \u2014 is nearly 98% complete, according to <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianMinistyOfHousing\/posts\/pfbid029bnqXHRLJMTPXJmzRq27M62K5154oeTD8fWwJE34Lfsf6Awz98q6L5xEf4m4c1PZl\" style=\"\" rel=\"noopener\">statement<\/a> by the Egyptian Ministry of Housing, Utilities and Urban Communities. Major components like the main dam, turbines, intake works, and distribution station are already finished or nearing completion. This comes a few months after Tanzania\u2019s Energy and Minerals Ministry recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/81d13a3c-e79f-4ff1-93a2-19049c1eb8c7\/today:-masdar-arlington-energy-starts-construction-on-two-british-bess-sites\" style=\"\" rel=\"noopener\">connected<\/a> the first of nine hydroelectric turbines for the 2.15 GW plant, which is located at the UN World Heritage site and has thus sparked concern from conservationists in the country.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Background:<\/strong> The Tanzanian government kicked off the first filling of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/81d13a3c-e79f-4ff1-93a2-19049c1eb8c7\/today:-masdar-arlington-energy-starts-construction-on-two-british-bess-sites\" style=\"\" rel=\"noopener\">USD 2.9 bn project<\/a> late in 2022, and after successful testing, the consortium achieved a rotating speed of 150 rpm with a 50 hertz frequency from operations on the first turbine, which had a capacity of 235 MW.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3- Green economy challenges unpacked at Cairo\u2019s <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.ggsummit.me\/\" style=\"\" rel=\"noopener\">Green Growth Summit<\/a><\/strong><strong>:<\/strong> The Green Growth Summit, organized by Netherlands-based international cooperation organization <a target=\"_blank\" href=\"https:\/\/hivos.org\/\" style=\"\" rel=\"noopener\">Hivos<\/a>, laid out the biggest trends and challenges in Egypt and the wider region\u2019s green sector. Enterprise Climate attended the event, which gathered private sector players, financial institutions, investors, donors, and policymakers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tackling supply chain issues:<\/strong> To trigger a greening of the supply chain, parties from the input side of the chain all the way to the end users would benefit greatly from both regulation and finance to address the challenges faced in nascent sectors, industrial development expert at Unido Annachiara Scandone said. Having a greener supply chain would help increase competition, trade balance, climate resilience, and food and water security, she added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Financing was a sticking point: <\/strong>The importance of scaling up and commercializing green tech faces challenges with unlocking finance, Changelabs Founder Karim Samra said. The banking sector needs more climate risk education and exposure to green portfolios in order to boost investment in early startups, he added. Offering differentiated financing \u2014 including revenue-based finance, subordinated debt, and working capital finance \u2014 is also advantageous, DisrupTech Ventures Managing Partner Mohamed Okasha added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- EU cancels probe into Chinese bids for Romanian solar project: <\/strong>The EU said it will close probes into bids made by Chinese companies for a 110 MW Romanian solar park tender after the firms announced their withdrawal, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-13\/eu-to-close-china-solar-probe-as-companies-withdraw-romania-bids\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The Chinese bidders that withdrew included Longi Green Energy Technology, Shanghai Electric UK, and Shanghai Electric Hong Kong International Engineering. Longi submitted its bid through its German subsidiary. The investigation was <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_1803\" style=\"\" rel=\"noopener\">launched<\/a> by the European Commission (EC) in the beginning of April.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What was the EU investigating? <\/strong>The EU accused the Chinese firms of distorting the market in the public procurement procedure for the solar bid in Romania on the back of receiving foreign subsidies, according to an EC statement published <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_24_1803\" style=\"\" rel=\"noopener\">last month<\/a>. The Commission intended to assess whether the \u201ceconomic operators concerned did benefit from an unfair advantage to win public contracts in the EU,\u201d the statement explains.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The probe was made possible by the bloc\u2019s new Foreign Subsidies Regulation: <\/strong>The European bloc launched the <a target=\"_blank\" href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_129\" style=\"\" rel=\"noopener\">Foreign Subsidies Regulation<\/a> (FSR) in January to help prevent \u201cstate-funded companies from abusing their financial muscle to fend off EU rivals,\u201d the statement explains. The FSR applies to all economic activities in the EU, including M&amp;As. <\/p>\n<p class=\"tag-border-left\">DANGER ZONE- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Climate change has adverse impacts on education: <\/strong>Climate change is predicted to impact education outcomes negatively as a result of increased school closures, disease, stress, and conflict, according to a World Bank (WB) <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/871.pdf\" style=\"\" rel=\"noopener\">report (pdf)<\/a>. During extreme weather events such as heat waves or flooding, schools close around 75% of the time and sometimes for prolonged periods when infrastructure is affected or evacuation is needed, the report found. Sudden temperature and rainfall change has shown to increase violence and conflict amongst students by 14% according to the report\u2019s finding. These negative impacts translate into lower future earnings and productivity, especially for lower income students. Damages from tropical cyclones in the Philippines alone resulted in USD 4 bn in losses.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The increased risk of declining education due to climate change is still not on policymaker\u2019s radar: <\/strong>61% of policy makers in 28 low and middle income countries deemed climate adaptation in education as a least priority, despite the large threat that climate change poses for education, the report noted. The WB called for governments to increase adaptation measures in the education sector through education management, school infrastructure, student and teacher advocacy, and bolstering learning continuity. <\/p>\n<p class=\"tag-border-left\">JOIN US IN CAIRO? <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s top executives and business owners will gather in Cairo on Wednesday, 5 June <\/strong>for the Enterprise Optimism Forum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>On the menu: <\/strong>Blunt talk about a future that sees Saudi Arabia, Egypt, and the UAE at the heart of a more vital Middle East economy. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The goal: <\/strong>To provide an early, actionable roadmap for those who are \u201clong Egypt.\u201d<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>** Interested in attending? <\/strong><strong><a target=\"_blank\" href=\"https:\/\/forum.enterprise.news\/\" style=\"\" rel=\"noopener\">Tap or click here to let us know<\/a><\/strong><strong>.<\/strong> Seating is limited and available on an invitation-only basis. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><a href=\"https:\/\/forum.enterprise.news\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/ads\/imgs\/227.jpg?ssl=1\"><\/a> <\/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\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/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 target=\"_blank\" href=\"climate\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">***<br \/><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 9am in Cairo and Riyadh and 11am in the UAE.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EXPLORE MORE OF ENTERPRISE ON THE WEB \u2014<\/strong><a target=\"_blank\" href=\"http:\/\/www.enterprise.news\" style=\"\" rel=\"noopener\">tap or click here<\/a> to read EnterpriseAM, EnterprisePM, Enterprise Climate, Enterprise Logistics, and The Weekend Edition on our powerful new website packed with reader-friendly features. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Get your own <\/strong><strong><a target=\"_blank\" href=\"https:\/\/climate.enterprise.news\/user\/subscribe-details\" style=\"\" rel=\"noopener\">subscription without charge here<\/a><\/strong> or reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a> with comments, suggestions and story tips.<br \/><strong>***<\/strong><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>CIRCLE YOUR CALENDAR- <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\" rel=\"noopener\">Saudi Energy Convention<\/a><\/strong><strong> from Sunday, 19 May to <\/strong><strong>Tuesday, 21 May in<\/strong> Riyadh. The convention will see energy and utilities industry leaders advance collaborative decarbonization efforts and identify innovation areas. It will also host the Saudi Utilities Convention and Saudi Hydrogen Convention to address the role and challenges of rolling out hydrogen, water and utility projects that are in line with the global energy transition. Over 10k energy professionals and 200 industry speakers will be present at the event. <\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The UAE will host <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\" rel=\"noopener\">The Electric Vehicle Innovation Summit<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May <\/strong>in Abu Dhabi. The event will see industry leaders come together to discuss sustainable mobility and tapping into groundbreaking advancements in electric vehicles while engaging with key decision-makers.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/futureaviationforum.com\/en\" style=\"\" rel=\"noopener\">Future Aviation Forum<\/a><\/strong><strong> from Monday, 20 May to <\/strong><strong>Wednesday, 22 May<\/strong> in Riyadh. The event, organized by the General Authority of Civil Aviation, will see the Kingdom showcasing some USD 100 bn worth of investment options in the aviation and logistics sector at large.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The UAE will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/bondsloans.com\/events\/middle-east\" style=\"\" rel=\"noopener\">Bonds, Loans &amp; Sukuk Middle East<\/a><\/strong><strong> event from Tuesday, 4 June to <\/strong><strong>Wednesday, 5 June<\/strong> in Dubai. Billed as the Middle East's largest corporate and investment banking event, it serves as a key meeting point for those active in the region's capital markets. Over 1.4k governments, corporates, investors, banks, law firms, regulators and service providers as well as more than 75 expert speakers will be in attendance. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Turkey will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/eem24.khas.edu.tr\/\" style=\"\" rel=\"noopener\">International Conference on European Energy Market<\/a><\/strong><strong>, from Monday, <\/strong><strong>10 June to Wednesday, 12 June<\/strong> in Istanbul. The three-day event will gather experts from scientific, industry, and policy sectors for discussions on various energy market-related topics. The conference covers themes including energy modeling, market design, regulatory policies, and climate change.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Check out our full calendar on the web<\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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=\"84188\" 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=\"84189\" 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=\"84189\">\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\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-evs\/\">\r\n                            Egypt\u2019s GV Auto signs agreement with China\u2019s Faw to manufacture and export 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\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-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\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-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\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-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=Egypt\u2019s GV Auto signs agreement with China\u2019s Faw to manufacture and export EVs&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-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\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-evs\/&title=Egypt\u2019s GV Auto signs agreement with China\u2019s Faw to manufacture and export 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=Egypt%E2%80%99s+GV+Auto+signs+agreement+with+China%E2%80%99s+Faw+to+manufacture+and+export+EVs+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F15%2Fegypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-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\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-evs\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1019.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84190\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/egypts-gv-auto-signs-agreement-with-chinas-faw-to-manufacture-and-export-evs\/1019-jpg-3\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1019.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1019.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1019.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1019.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84189\" class=\"content-area-description single-story post-84189 post type-post status-publish format-standard has-post-thumbnail hentry category-electric-vehicles tag-egypt tag-electric-vehicles tag-enterpriseclimate tag-evs wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.e03453a3-41b0-46f0-9757-05633475b124.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Another Egyptian-Chinese EV venture in the works:&nbsp;<\/strong><a target=\"_blank\" href=\"https:\/\/www.gvinvestments.co\/\" style=\"\" rel=\"noopener\">GV Investments\u2019<\/a> automotive arm GV Auto has signed a partnership agreement with Chinese state-owned <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/fawglobal\/\" style=\"\" rel=\"noopener\">Faw Group<\/a> to locally manufacture, assemble, market, distribute, and export EVs, GV Investments Chairman Sherif Hamouda told <a target=\"_blank\" href=\"https:\/\/www.alborsaanews.com\/2024\/05\/13\/1791853\" style=\"\" rel=\"noopener\">Al Borsa<\/a>. The partnership will be backed up with an initial investment of EPG 3 bn, Hamouda told <a target=\"_blank\" href=\"https:\/\/twitter.com\/AsharqbEGY\/status\/1790076915266597293\" style=\"\" rel=\"noopener\">Asharq Business<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Chinese EVs, assembled in Egypt: <\/strong>Locally assembled EVs from the partnership should start rolling out by the beginning of next year, Hamouda added. The two companies will use already existing factories to assemble the vehicles and have already set their sights on what models to assemble locally.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not just local assembly, but local manufacture too: <\/strong>\u201cThe partnership will not be limited to local assembly only, but rather complete parts will be manufactured locally as well,\u201d Hamouda told Asharq Business. The partnership aims to eventually have a 65% local component quota. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Exporting EVs is also part of the plan: <\/strong>The companies are planning to establish a hub from which they aim to export EVs from Egypt, Hamouda said.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/egypt\/\">Egypt<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84191\" 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=\"84191\">\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\">ELECTRIC VEHICLES<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/dp-world-einride-launch-the-regions-largest-electric-freight-fleet\/\">\r\n                            DP World + Einride launch the region\u2019s largest electric freight fleet                        <\/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\/2024\/05\/15\/dp-world-einride-launch-the-regions-largest-electric-freight-fleet\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Deployment will begin late this year, and will ramp up to support 1.6k container movements per day. Pilot trials for autonomous trips will kick off in 2025, the statement said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the fleet:<\/strong> The fleet will be managed through Einride Sage \u2014 a digital operating system that can analyze, optimize, and increase efficiency of electric and autonomous road freight operations, according to the statement. The fleet will curb some 14.k tonnes of CO2 and 158 tonnes of nitrogen oxide emissions per day, once it reaches full capacity.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The latest move also comes as part of Einride\u2019s broader expansion into the UAE:<\/strong> The UAE\u2019s Ministry of Energy and Infrastructure <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\/news\/story\/cf7015c2-3fc2-4e3a-a205-e4001264e42b\" style=\"\" rel=\"noopener\">inked an initial MoU<\/a> with Einride last June to deploy a 550 km freight mobility grid. The agreement set out plans for the fast-tracked deployment of 2k EVs, 200 self-driving vehicles, and eight charging stations across a national grid, dubbed Falcon Rise, connecting Abu Dhabi, Dubai, and Sharjah. Initial plans saw a development timeline of five years. More recently <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/fecd1cf3-57ab-48be-bb08-0f90f1a1ffb3\" style=\"\" rel=\"noopener\">in February<\/a> Abu Dhabi\u2019s Integrated Transport Center inked an agreement with the Swedish firm to develop a transit network connecting Al Ruwais, Khalifa Industrial Zone Abu Dhabi, and the city of Al Ain deploying 1k all-electric heavy-duty trucks and 100 self-driving vehicles with the necessary charging infrastructure for the fleet.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dp-world\/\">DP World<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\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\/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=\"84193 advertiser\" class=\"issue-section enterprise-adv\">\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=\"84193\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/84193\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84193\" class=\"content-area-description single-story post-84193 post type-post status-publish format-standard hentry category-advertiser wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<p><span style=\"font-weight:400;\"><a href=\"https:\/\/weareiph.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/enterprise.press\/wp-content\/uploads\/2023\/05\/infinity-enterprise1600px-scaled.jpg\"><\/a><\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84194\" 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=\"84194\">\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\">Ammonia<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/adnoc-delivers-worlds-first-certified-ammonia-shipment-to-japan\/\">\r\n                            Adnoc delivers world\u2019s first certified ammonia shipment to Japan                        <\/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\/2024\/05\/15\/adnoc-delivers-worlds-first-certified-ammonia-shipment-to-japan\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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The low-carbon shipment was certified by global certification agency <a target=\"_blank\" href=\"https:\/\/www.tuvsud.com\/en\" style=\"\" rel=\"noopener\">TUV SUD<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the shipment: <\/strong>The ammonia was produced at Fertiglobe\u2019s <a target=\"_blank\" href=\"https:\/\/aiwa.ae\/company\/Ruwais-Fertilizer-Industries-FERTIL\" style=\"\" rel=\"noopener\">Ruwais facility<\/a> near Abu Dhabi and \u201cwill see the CO2 captured and permanently stored in the world\u2019s first fully sequestered CO2 injection well in a carbonate saline aquifer,\u201d the press release notes. This comes as part of the oil giant\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/5719db43-b76c-4880-b287-b583cde8455d\/adnoc-and-taqa-begin-laying-cable-for%253cmark%253e-usd%253c%2Fmark%253e-3.8%253cmark%253e-bn%253c%2Fmark%253e-offshore-decarbonization-project\" style=\"\" rel=\"noopener\">USD 23 bn investment<\/a> in decarbonization, low-carbon solutions and climate technologies.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>We knew this was coming: <\/strong>Adnoc launched the world\u2019s first project to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/05e21464-1763-4620-ac62-73fec9737834\" style=\"\" rel=\"noopener\">sequester CO2 into a carbonate saline aquifer<\/a> and started capturing and storing the CO2 in 2Q last year. The project was earmarked to contribute to Fertiglobe\u2019s production of low-carbon ammonia.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Adnoc has more in the pipeline:<\/strong> Adnoc and ADQ\u2019s Ta\u2019ziz signed a shareholder agreement with Fertiglobe, Korea\u2019s GS Energy Corporation and Japan\u2019s Mitsui for a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7ee2a39-7450-4ac3-be27-eea643fe8ecf\" style=\"\" rel=\"noopener\">low-carbon ammonia factory<\/a> in the UAE with an annual capacity of around 1 mn tons last year. Adnoc also acquired a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c1b11e94-533d-4af4-984c-ed48fd056c83\/\" style=\"\" rel=\"noopener\">majority 51% +1 stake<\/a> in Fertiglobe from OCI to expand its global ammonia production network. Adnoc and OCI also inked an MoU to explore importing and distributing ammonia in the EU.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Fertiglobe\u2019s first delivery: <\/strong>Fertiglobe sent its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e9bd1665-9b52-41eb-bea5-a8f4c0966873\/\" style=\"\" rel=\"noopener\">first green ammonia shipment<\/a>, the world\u2019s first to carry an ISCC Plus certification, to India from its green ammonia plant in Egypt last November.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/adnoc\/\">ADNOC<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/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=\"84196\" 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=\"84196\">\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\">DESALINATION<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-plant\/\">\r\n                            Veolia subsidiary secures water tech contract for Hassyan desalination 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\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-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\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-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\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-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=Veolia subsidiary secures water tech contract for Hassyan desalination plant&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-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\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-plant\/&title=Veolia subsidiary secures water tech contract for Hassyan desalination 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=Veolia+subsidiary+secures+water+tech+contract+for+Hassyan+desalination+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F15%2Fveolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-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\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2198.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84197\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/veolia-subsidiary-secures-water-tech-contract-for-hassyan-desalination-plant\/2198-jpg-4\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2198.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2198.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2198.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/2198.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84196\" class=\"content-area-description single-story post-84196 post type-post status-publish format-standard has-post-thumbnail hentry category-desalination tag-acwa-power tag-desalination tag-dewa tag-enterpriseclimate tag-saudi-arabia tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.606c7ee6-f42c-4047-a306-a00e671f4fa7.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Veolia secures USD 320 mn contract for <\/strong><strong>Hassyan&nbsp;<\/strong><strong>plant:<\/strong> French waste and water management company <a target=\"_blank\" href=\"https:\/\/www.veolia.com\/en\" style=\"\" rel=\"noopener\">Veolia\u2019s<\/a> smart desalination subsidiary <a target=\"_blank\" href=\"https:\/\/www.sidem-desalination.com\/\" style=\"\" rel=\"noopener\">Sidem<\/a> secured a USD 320 mn agreement to engineer and provide technology for the solar-powered Hassyan water desalination project in Dubai, according to a <a target=\"_blank\" href=\"https:\/\/www.veolia.com\/en\/our-media\/press-releases\/veolia-contract-most-energy-efficient-desalination-plant-uae\" style=\"\" rel=\"noopener\">press release<\/a>. The Dubai Electricity and Water Authority (Dewa) and Saudi renewable energy giant Acwa Power recently reached <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/30ab928a-55b0-46fe-b273-aeb70c826830\/acwa-power-%2B-dewa-reach-financial-close-for-solar-powered-desalination-plant\" style=\"\" rel=\"noopener\">financial close<\/a> on the AED 3.4 bn (USD 925.8 mn) plant which is scheduled to start operations in 2026 and reach full capacity in 2027.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the project: <\/strong>The plant \u2014 which is set to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/30ab928a-55b0-46fe-b273-aeb70c826830\/acwa-power-%2B-dewa-reach-financial-close-for-solar-powered-desalination-plant\" style=\"\" rel=\"noopener\">produce<\/a> 180 mn imperial gallons per day \u2014 is \u201cthe world\u2019s second largest desalination plant based on reverse osmosis technology in, and the largest desalination plant powered by solar energy,\u201d the statement said, adding that the firm\u2019s desalination system will have an exceptionally low energy consumption rate of 2.9 kWh per cbm. Acwa Power holds a 20.4% stake in the project, which will ensure safe drinking water for 2 mn people. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Veolia is active in the region:&nbsp;<\/strong>A JV made up of Veolia and Oman\u2019s Nama Power and Water Procurement Company recently signed an <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1b31af3f-9497-44a8-a827-21311933b542\/%253cmark%253eveolia%253c%2Fmark%253e-partners-with-totalenergies-to-greenify-desalination-plant-in-oman-with-solar-power\" style=\"\" rel=\"noopener\">agreement<\/a> with TotalEnergies to build a 17 MW solar project aimed at powering Veolia\u2019s Sur desalination plant. Turkish packaging manufacturer Sarten Ambalaj and Enova \u2014 a JV between Majid Al Futtaim and Veolia \u2014 partnered to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b25ef8fa-b067-4b5c-a729-d4ee674d5453\/nio-partners-with-forseven-to-unroll-its-evs-in-uae\" style=\"\" rel=\"noopener\">install<\/a> turn-key solar PV products on five of Sarten\u2019s facilities in Turkey in February. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Its not Sidem\u2019s first venture in the region either: <\/strong>Veolia\u2019s subsidiary Sidem was <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/630cd2d9-9a00-4a92-b8eb-4d1039d21a8e\/veolia-led-consortium-reaches-financial-close-on-two-hazardous-industrial-waste-treatment-plants-in-the-uae\" style=\"\" rel=\"noopener\">tapped to lead a consortium<\/a> tasked with the engineering, procurement, and construction of the AED 2.3 bn low-carbon Mirfa 2 Reverse Osmosis desalination plant in UAE last June.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/desalination\/\">DESALINATION<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dewa\/\">DEWA<\/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                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"84198\" 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=\"84198\">\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\">EARNINGS WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/\">\r\n                            Fertiglobe, Tabreed, and Ma\u2019aden post 1Q earnings                        <\/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\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/\" 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\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/')\">\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\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/\">\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=Fertiglobe, Tabreed, and Ma\u2019aden post 1Q earnings&url=https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/\">\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\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/&title=Fertiglobe, Tabreed, and Ma\u2019aden post 1Q earnings\">\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=Fertiglobe%2C+Tabreed%2C+and+Ma%E2%80%99aden+post+1Q+earnings+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F05%2F15%2Ffertiglobe-tabreed-and-maaden-post-1q-earnings%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\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/994.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"84199\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/05\/15\/fertiglobe-tabreed-and-maaden-post-1q-earnings\/994-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/994.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"994.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/994.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/994.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84198\" class=\"content-area-description single-story post-84198 post type-post status-publish format-standard has-post-thumbnail hentry category-earnings-watch tag-earnings-watch tag-enterpriseclimate tag-fertiglobe tag-maaden tag-saudi-arabia tag-tabreed tag-uae wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.e25b12a8-9322-4ed7-839e-1c7640f1fa89.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Another <\/strong><strong>dip for Fertiglobe in 1Q: <\/strong>UAE-headquartered urea and ammonia exporter and MENA\u2019s largest producer of nitrogen fertilizers Fertiglobe has reported a 11.9% y-o-y <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e437e4e8-572b-4670-b027-8dc2b1122530\/%253cmark%253efertiglobe%253c%2Fmark%253e-1q-2023%25e2%2580%2599s-net-income-falls-on-the-back-of-lower-gas-selling-prices,-muted-demand\" style=\"\" rel=\"noopener\">decline<\/a> in adjusted net income in 1Q 2024 to USD 119 mn, according to an <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/991.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. The company\u2019s revenues also dipped 20% y-o-y to USD 552 bn, with decreasing crop and energy prices and reduced imports from India and Europe impacting performance.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Quarterly results didn\u2019t fare any better: <\/strong>Fertiglobe saw a 16.1% q-o-q drop in its net income compared to USD 102.5 mn in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c3bb6743-aed3-432e-85b4-9aa9de383186\/%253cmark%253efertiglobe%253c%2Fmark%253e-and-tabreed-report-a-drop-in-net-income-in-2023\" style=\"\" rel=\"noopener\">4Q 2023<\/a>, while its revenues also dipped 14.5% q-o-q compared to USD 645.9 mn in the quarter before. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But the outlook is hopeful: <\/strong>Fertiglobe saw a successful quarter with sales volumes up 5% y-o-y driven by increased production and efficient inventory management, leading to a 22% and 1% increase in ammonia and urea sales respectively, the statement added. Adnoc's <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f5eb8599-ea93-4db9-b4fc-9dafd3da1ea4\/\" style=\"\" rel=\"noopener\">acquisition of OCI's 50% stake<\/a> in Fertiglobe, set to be completed this year, is expected to drive the company's growth into new markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- Fertiglobe has cut its energy intensity: <\/strong>Fertiglobe achieved a nearly <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/384b9b9f-45c3-4f7e-ac48-ca031d75a20a\/\" style=\"\" rel=\"noopener\">3% reduction in energy intensity in 2023<\/a> compared to 2022 despite a production increase. This improvement, along with purchasing renewable energy certificates for all their Egyptian and UAE facilities, marking 63% of the company's overall purchased electricity, helped cut Scope 2 emissions by an estimated 190k tonnes of CO2 equivalent. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">TABREED-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>District cooling firm Tabreed\u2019s net income after tax fell 52% y-o-y to AED <\/strong><strong>112 mn in 1Q <\/strong><strong>2024 <\/strong>on the back of one-off gains in the same period last year,according to its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/1085.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Tabreed posted AED 122 mn in net income before tax, marking a 4% y-o-y rise during the quarter. The district cooling company\u2019s revenues remained relatively flat in 1Q at AED 468 mn, up 0.8% y-o-y from the AED 464 mn reported during the same period last year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MA\u2019ADEN-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi mining giant <\/strong><strong>Ma\u2019aden<\/strong><strong> more than doubled their bottomline <\/strong><strong>y-o-y<\/strong><strong> to SAR 981.7 mn in 1Q 2024<\/strong>mainly on the back of higher sales and lower costs of raw materials, it said in its <a target=\"_blank\" href=\"https:\/\/ent.news\/2024\/5\/909.pdf\" style=\"\" rel=\"noopener\">earnings release (pdf)<\/a>. Revenues were down 8.7% y-o-y during the quarter to SAR 7.4 bn due to lower commodity prices except for gold and alumina.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It was a busy quarter:<\/strong> Some of Ma\u2019aden\u2019s key highlights during the quarter were the start of full operations at the Kingdom\u2019s largest gold mine, Mansourah Massarah, with an annual production capacity of 250k ounces of gold. The company also focused on drilling for new gold finds in Uruq south of its gold mine. It <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9dc248c8-6abc-4fc2-8aa7-844ea33dfd9c\/ma%25e2%2580%2599aden-and%253cmark%253e-glasspoint%253c%2Fmark%253e-reveal-first-phase-of-world%25e2%2580%2599s-largest-solar-thermal-plant\" style=\"\" rel=\"noopener\">also unveiled<\/a> with California-based solar startup GlassPoint building the world\u2019s largest industrial solar thermal project in Ras Al Kheir to decarbonize the company\u2019s aluminum supply chain. The first phase of the project could supply nine tons of steam per hour.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And since then: <\/strong>Manara Minerals \u2014 a JV between Ma\u2019aden and the PIF \u2014 completed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4dd5d84a-633a-4654-88a4-7a4a9e2956ca\/ma%25e2%2580%2599aden-and-pif-close-10%2525-stake-acquisition-in-vale-base-metals\" style=\"\" rel=\"noopener\">earlier<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4dd5d84a-633a-4654-88a4-7a4a9e2956ca\/ma%25e2%2580%2599aden-and-pif-close-10%2525-stake-acquisition-in-vale-base-metals\" style=\"\" rel=\"noopener\">this month<\/a> the acquisition of a 10% stake in Brazilian miner Vale Base Metals. Manara is 51% owned by Ma\u2019aden, and 49% owned by PIF. The transaction is worth an estimated USD 2.6 bn, based on a USD 26 bn enterprise value the Brazilian mining giant had previously disclosed. Ma\u2019aden also completed a SAR 5.6 bn transaction <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\/news\/story\/3ec899bd-7a3f-439f-87c0-8dacf57de897\" style=\"\" rel=\"noopener\">earlier in May<\/a> which saw it up its stake in Ma\u2019aden Wa\u2019ad Al Shamal Phosphate \u2014 its JV with the Mosaic Company and Sabic \u2014 to 85% after it purchased Mosaic\u2019s entire 25% stake.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/earnings-watch\/\">EARNINGS WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/fertiglobe\/\">Fertiglobe<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/maaden\/\">Maaden<\/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\/tabreed\/\">Tabreed<\/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=\"84200\" 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=\"84200\">\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\/2024\/05\/15\/egypts-sun-way-acquires-go-solar-and-green-solar-tadweer-tender-on-new-mrf-facility\/\">\r\n                            Egypt\u2019s Sun Way acquires Go Solar and Green Solar + Tadweer tender on new MRF facility                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" 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data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1139.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1139.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1139.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/5\/1139.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84200\" class=\"content-area-description single-story post-84200 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-also-on-our-radar tag-recycling tag-uae tag-waste-management tag-wastewater-treatment wpautop entry\">\n\n\t\n\t<div class=\"entry-content\">\n\n\t\t\n\t\t<figure class=\"wp-block-audio mb-0\"><audio controls preload=\"metadata\" src=\"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/5\/.c89039b9-eb6c-4fcf-8d65-649a756313f3.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">M&A WATCH-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt\u2019s Sun Way acquires Go Solar and Green Solar: <\/strong>Egyptian renewable energy firm <a target=\"_blank\" href=\"https:\/\/sunwayegyptepc.com\/\" style=\"\" rel=\"noopener\">Sun<\/a><a target=\"_blank\" href=\"https:\/\/sunwayegyptepc.com\/\" style=\"\" rel=\"noopener\">Way Egypt<\/a> has completed its acquisition of Go Solar and Green Solar \u2014 two local firms operating in the installation and supply of solar energy projects \u2014 Sun Way Egypt CEO Ahmed Ghandour told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/05\/13\/-%D8%B5%D9%86-%D9%88%D8%A7%D9%8A-%D8%A7%D9%8A%D8%AC%D9%8A%D8%A8%D8%AA-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D8%AA%D9%85-%D8%A7%D9%84%D8%A7%D8%B3%D8%AA%D8%AD%D9%88%D8%A7%D8%B0-%D8%B9%D9%84%D9%89-%D8%B4%D8%B1%D9%83%D8%AA%D9%8A-%D8%AC%D9%88-%D9%88-%D8%AC%D8%B1%D9%8A%D9%86-%D8%B3%D9%88%D9%84%D8%A7%D8%B1-\" style=\"\" rel=\"noopener\">Al Arabiya Business<\/a>, without specifying the value of the transaction. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Next for Sun Way: <\/strong>The company is currently in talks with a number of EGX officials as it looks to list on the bourse. It has already grown familiar with the listing requirement and it aims to make its debut next year, Ghandour said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">WASTE MANAGEMENT- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tadweer <\/strong><strong>to build waste sorting facility in Abu Dhabi: <\/strong>The UAE\u2019s Tadweer has issued tenders to establish Abu Dhabi\u2019s first greenfield Material Recovery Facility (MRF), according to a <a target=\"_blank\" href=\"https:\/\/tadweer.ae\/news\/tadweer-group-to-build-abu-dhabis-first-ever-dedicated-facility-for-recovering-and-capturing-valuable-recyclable-materials-from-waste\/\" style=\"\" rel=\"noopener\">statement<\/a>. The plant will have the capacity to process 1.3 mn metric tonnes of waste annually and construction is set to begin by the end of the year with operations slated for 2026.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The plant will sort recyclables from solid waste, reducing landfill use and producing materials for Abu Dhabi's waste-to-energy facility, the statement adds. The project will contribute to Tadweer Group's goal of diverting 80% of waste from landfills by 2030. The long-term plan for the facility also includes providing feedstock to produce sustainable aviation fuel. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Dubai launches new marine scraper to combat water pollution: <\/strong>Dubai has unveiled a smart marine scraper that will collect floating waste in creeks and water canals across the emirate, <a target=\"_blank\" href=\"https:\/\/wam.ae\/en\/article\/b34rucn-dubai-municipality-introduces-smart-remotely\" style=\"\" rel=\"noopener\">Wam<\/a> reported. A new team has also been created to monitor water cleanliness. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>The marine scraper, which can carry 1k kg of waste, can be operated remotely with no range limit and is monitored via satellite at all times. The machine can be operated on 5G networks and is capable of identifying locations in need of clean-up. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Ooredoo + Seashore partner on e-waste recycling: <\/strong>Qatari telecommunications company Ooredoo and e-waste and recycling services company Seashore agreed to collaborate on sustainable e-waste management in Qatar. A trial for the initiative was launched in 2023, where customers would bring unwanted devices to Ooredoo stores to be collected by Seashore. (<a target=\"_blank\" href=\"https:\/\/www.ooredoo.qa\/web\/en\/press-release\/ooredoo-qatar-and-seashore-group-strengthen-partnership-in-an-e-waste-recycling-agreement\/\" style=\"\" rel=\"noopener\">Statement<\/a>) <\/li>\n<li><strong>Electric <\/strong><strong>buses helped Qatar cut 43 mn kg of emissions: <\/strong>Integrating electric buses in Qatar\u2019s public transport system helped the country offset 43 mn kg of CO2. Qatar is operating around 900 electric buses and aims to switch all public transport to electric by 2030. (<a target=\"_blank\" href=\"https:\/\/thepeninsulaqatar.com\/pdf\/20240513_1715549810-481.pdf\" style=\"\" rel=\"noopener\">The Peninsula, pdf<\/a>) <\/li>\n<li><strong>Egypt<\/strong><strong> + OECD talk green policy: <\/strong>Egypt\u2019s Environment Ministry and the Organization for Economic Cooperation and Development (OECD) discussed drafting a roadmap for green growth policies in Egypt. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/photo?fbid=779379517708798&set=a.107375421575881\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/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\/recycling\/\">recycling<\/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\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/wastewater-treatment\/\">wastewater treatment<\/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=\"84202\" 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=\"84202\">\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\/2024\/05\/15\/australia-will-invest-usd-15-bn-in-energy-transition\/\">\r\n                            Australia will invest USD 15 bn in energy transition                        <\/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\/2024\/05\/15\/australia-will-invest-usd-15-bn-in-energy-transition\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); 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Key components of the initiative include tax incentives worth AUD 7 bn for critical minerals processing, AUD 6.7 bn for renewable hydrogen production, and AUD 1.5 bn to support solar panel and battery supply chain development from the fiscal year ending June 2028 to the 2039\/40 fiscal year, the newswire writes.<\/p>\n<p style=\"padding-top:15pt;margin:0;padding-left:0;padding-bottom:15pt;line-height:1.15;orphans:2;widows:2;text-align:left;padding-right:0\"><strong>Capitalizing off of Australia\u2019s mineral wealth:<\/strong> Australian manufacturing has faced challenges due to high labor costs and geographical isolation, but the initiative seeks to address these hurdles while capitalizing on Australia's mineral wealth. It will target the ailing nickel sector with strategic interventions to sustain competitiveness and secure domestic supply chains. Australia recently classified nickel as a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a7a4b4e6-4231-4987-87d5-b1da23217801\/australia-classifies%253cmark%253e-nickel%253c%2Fmark%253e-as-critical-mineral-to-access-government-funding\" style=\"\" rel=\"noopener\">critical mineral<\/a>, allowing the nickel sector to unlock bns of USD in government funds. <\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>UK\u2019s \u201cnet zero\u201d Teesside project will produce 20 mn tons of CO2, experts say: <\/strong>The <a target=\"_blank\" href=\"https:\/\/www.netzeroteesside.co.uk\/\" style=\"\" rel=\"noopener\">Net Zero Teesside<\/a> project, which is supported by fossil fuel giants BP and Equinor, is expected to emit 20 mn tons of carbon over its operational lifespan despite its \"net zero\" branding, <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/environment\/article\/2024\/may\/14\/uk-net-zero-teesside-project-produce-carbon-pollution\" style=\"\" rel=\"noopener\">The Guardian<\/a> reports, citing research submitted to the UK government. The initiative aims to construct a gas fired power station in the UK using carbon capture utilization and storage (CCUS) technology. Although the project claims it will capture and bury 95% of its emission in the North Sea, this would still release 20 mn tons of CO2 emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Skepticism around CCS: <\/strong>If carbon capture and storage (CCS) is widely used, companies would still only be able to maintain up to 20% of current oil and gas demand until 2050 without <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/0e9b2cd7-be7c-4f56-b900-c0ce82416419\/oil-giants-are-relying-on%253cmark%253e-ccs%253c%2Fmark%253e-in-southeast-asia\" style=\"\" rel=\"noopener\">exceeding global warming targets<\/a> outlined in the Paris Agreement. A number of factors hinder CCS\u2019s capabilities, such as its high cost and potential environmental damage to residents near the storage sites.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER UK NEWS- <\/strong><strong>Japan\u2019s Sumitomo Electric Industries broke ground on the UK\u2019s first factory dedicated to high-voltage subsea cables<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/sumitomoelectric.com\/press\/2024\/05\/prs018\" style=\"\" rel=\"noopener\">statement<\/a>. The Scottish factory will produce cables capable of transmitting electricity from wind farms over long distances and will bring in GBP 350 mn in investments, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-14\/uk-starts-work-on-first-factory-for-cables-key-to-green-shift\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sumitomo has big plans: <\/strong>Sumitomo has been chosen by the UK\u2019s largest renewables generator SSEN Transmission \u2014 along with cable installer Van Oord \u2014 as the top bidder for a 525 kV Shetland 2 High Voltage Direct Current subsea transmission line between the Shetland Islands and the mainland. The 330-km-long cable would connect 2 GW to the UK\u2019s network. Around 21 GW of offshore wind projects off the coast of Scotland need to be connected by the type of cable the factory will produce, according to Bloomberg.<\/p>\n<hr style=\"height:2px;border-width:0;color:gray;background-color:gray\">\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EQT <\/strong><strong>wants wind developer OX2: <\/strong>Swedish private equity firm <a target=\"_blank\" href=\"https:\/\/eqtgroup.com\/\" style=\"\" rel=\"noopener\">EQT<\/a> has offered to acquire <a target=\"_blank\" href=\"https:\/\/www.ox2.com\/\" style=\"\" rel=\"noopener\">OX2<\/a>, one of Sweden's largest wind park developers, for around USD 1.5 bn, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-13\/eqt-offers-to-buy-wind-park-developer-ox2-in-1-5-billion-deal\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The offer from EQT Infrastructure VI fund represents a 43.4% premium over OX2's last closing price. The move is part of EQT's strategy to invest in the energy transition across Europe and the US, including previous investments totaling approximately EUR 12 billion in the sector to acquire German power producer <a target=\"_blank\" href=\"https:\/\/tion-renewables.com\/\" style=\"\" rel=\"noopener\">Tion Renewables<\/a> and <a target=\"_blank\" href=\"https:\/\/www.ccrenew.com\/\" style=\"\" rel=\"noopener\">Cypress Creek Renewables<\/a> in the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-<\/strong><\/p>\n<ul>\n<li><strong>Itochu sets sights on South African USD 5.9 bn ammonia purchase:&nbsp;<\/strong>Japanese trading company Itochu is looking to buy a USD 5.9 bn green ammonia project from Hive Hydrogen South Africa that would make the country a world leader in clean ammonia production. Hive could start producing green ammonia from the plant in 2029 \u2014 with plans to sell to East Asia \u2014 and talks on an offtake agreement are underway. (<a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-05-14\/itochu-5-9-billion-south-africa-ammonia-plant-near-supply-pact\" style=\"\" rel=\"noopener\">Bloomberg<\/a>)<\/li>\n<\/ul>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/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=\"84204\" 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\/2024\/05\/15\/84204\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-84204\" class=\"content-area-description single-story post-84204 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 style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">13-15 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.world-hydrogen-summit.com\/\" style=\"\">World Hydrogen Summit<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"\">14-15 May (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/invest-africa-energy.com\/\" style=\"\">Invest in African Energy Forum<\/a><\/span><span style=\"font-weight:400;\">, Paris, France. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.theairportshow.com\/en-gb\/visit.html\" style=\"\">Airport Show<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-25 May (Saturday-Saturday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldwaterforum.org\/\" style=\"\">The World Water Forum<\/a><\/span><span style=\"font-weight:400;\">, Bali, Indonesia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>19-21 May (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudienergyconvention.com\/\" style=\"\">Saudi Energy Convention<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-22 May (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.evinnovationsummit.com\/\" style=\"\">Electric Vehicle Innovation Summit,<\/a><\/span><span style=\"font-weight:400;\"> Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>28-30 May (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.moiat.gov.ae\/en\/media-center\/news\/2024\/01\/23\/miite-forum-dates?\" style=\"\">Make it in the Emirates Forum<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-5 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/bondsloans.com\/events\/middle-east\" style=\"\">Bonds, Loans & Sukuk Middle East<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unep.org\/news-and-stories\/press-release\/saudi-arabia-host-world-environment-day-2024-focus-land-restoration\" style=\"\">World Environment Day<\/a><\/span><span style=\"font-weight:400;\">, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5 June (Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/optimism.enterprise.news\/\" style=\"\">The Optimism Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>5-7 June (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/key-notion.com\/sustainability-world-summit-frankfurt-2024\/\" style=\"\">Sustainability World Summit<\/a><\/span><span style=\"font-weight:400;\">, Frankfurt, Germany.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>10-12 June (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/eem24.khas.edu.tr\/\" style=\"\">The International Conference on European Energy Market<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-12 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17243638-over-100-financial\" style=\"\">International Conference on Financing Investment and Trade in Africa<\/a><\/span><span style=\"font-weight:400;\">, Tunis, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-13 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.netzerocircle.org\/event\/morocco-energy-week\" style=\"\">Morocco Energy Week Summit<\/a><\/span><span style=\"font-weight:400;\">, Marrakesh, Morocco. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/biofuels-news.com\/conference\/about-biofuels-conference-expo\/\" style=\"\">Biofuels International Conference & Expo<\/a><\/span><span style=\"font-weight:400;\">, Brussels, Belgium.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 June (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/biofuels-news.com\/conference\/sustainableaviationfuels\/about\/\" style=\"\">Sustainable Aviation Fuels Summit<\/a><\/span><span style=\"font-weight:400;\">, Brussels, Belgium.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>25-27 June (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.europe.gh2events.com\/\" style=\"\">Connecting Green Hydrogen Europe<\/a><\/span><span style=\"font-weight:400;\">, Madrid, Spain.<\/span><\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><span>26-27 June (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/decarbonizingforum.com\/\" style=\"\">Decarbonizing Shipping Forum<\/a><\/span><span style=\"font-weight:400;\">, Rotterdam, Netherlands.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JULY 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-3 July (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.nuclearpowerplantsexpo.com\/\" style=\"\">Nuclear Power Plants Summit & Expo<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>12-14 July (Friday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Leaders Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-17 July (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egyptminingforum.com\/\" style=\"\">The Egypt Mining Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">AUGUST 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">1 August (Thursday): Distributed Solar Summit, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">12-16 August (Monday-Friday): Mastering Renewable & Alternative Energies, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>20-21 August (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/worldesgsummit.com\/\" style=\"\">The World ESG Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 August (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cgee.org\/\" style=\"\">International Conference on Clean and Green Energy Engineering<\/a><\/span><span style=\"font-weight:400;\">, Izmir, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 August (Saturday-Monday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spectrumconferences.com\/2024\/isnre\" style=\"\">International Summit on Non-Renewable and Renewable Energy<\/a><\/span><span style=\"font-weight:400;\">, Valencia, Spain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">SEPTEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>16-18 September (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldutilitiescongress.com\/\" style=\"\">World Utilities Congress<\/a><\/span><span>, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>17-19 September (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">OCTOBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1-3 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wetex.ae\" style=\"\">Water, Energy and Environment Technology Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>13-17 October (Sunday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.cairowaterweek.eg\/cww2024\/#:~:text=The%20upcoming%20seventh%20edition%2C%20Cairo,Climate%3A%20Building%20Resilient%20Communities.%E2%80%9D\" style=\"\">Cairo Water Week<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>15-17 October (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/evautoshowonline.com\/\" style=\"\">EV Auto Show<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">NOVEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>4-8 November (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wuf.unhabitat.org\/\" style=\"\">World Urban Forum<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-22 November (Monday-Friday) <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/unfccc.int\/cop29\" style=\"\">United Nations Climate Change Conference or Conference of the Parties (COP29)<\/a><\/span><span style=\"font-weight:400;\">, Baku, Azerbaijan. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>11-14 November (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.adipec.com\/\" style=\"\">Abu Dhabi International Petroleum Exhibition & Conference (ADIPEC)<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>18-19 November (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.g20.org\/en\/about-the-g20\/summit-rio-2024\" style=\"\">G20 Summit<\/a><\/span><span style=\"font-weight:400;\">, Rio de Janeiro, Brazil.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-28 November (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.saudi-electricityexpo.com\/en\/home.html\" style=\"\">Saudi Electricity Expo<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>27-28 November (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rakenergysummit.rak.ae\/\" style=\"\">RAK Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Ras Al Khaimah, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">DECEMBER 2024<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>2-13 December (Monday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.unccd.int\/news-stories\/notifications\/sixteenth-session-unccd-conference-parties-cop-16-riyadh\" style=\"\">Conference of the Parties (COP16) to the United Nation Convention to Combat Desertification<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JANUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>14-16 January (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldfutureenergysummit.com\/\" style=\"\">World Energy Summit<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi. UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY 2025<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>24-26 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mena.gh2events.com\/\" style=\"\">Connecting Hydrogen MENA<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">EVENTS WITH NO SET DATE<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2024: Emirati <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"http:\/\/ar.ae\" style=\"\">Masdar<\/a><\/span><span>\u2019s 500 MW wind farm in Uzbekistan to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/central-asias-largest-wind-farm-brought-to-you-by-masdar-79878\/\" style=\"\">begin commercial operations<\/a><\/span><span style=\"font-weight:400;\">. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s industrial cities solar power project <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/could-fdi-help-egypts-solar-industry-traverse-the-fx-crisis-79599\/\" style=\"\">will start electricity<\/a><\/span><span style=\"font-weight:400;\"> production. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>November: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.almamlakatv.com\/news\/142146-%D9%85%D9%86%D8%AA%D8%AF%D9%88%D9%86-%D9%8A%D9%88%D8%B5%D9%88%D9%86-%D8%A8%D8%AA%D9%88%D9%81%D9%8A%D8%B1-20-%D8%A3%D9%84%D9%81-%D9%81%D8%B1%D8%B5%D8%A9-%D8%B9%D9%85%D9%84-%D8%AC%D8%AF%D9%8A%D8%AF%D8%A9-%D8%A8%D9%82%D8%B7%D8%A7%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D8%AD%D9%8A%D9%88%D9%8A%D8%A9-%D9%81%D9%8A-%D8%A7%D9%84%D8%AF%D9%88%D9%84-%D8%A7%D9%84%D8%B9%D8%B1%D8%A8%D9%8A%D8%A9\" style=\"\">9th Arab Forum for Renewable Energy and Energy Efficiency<\/a><\/span><span style=\"font-weight:400;\">, Amman, Jordan.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.iucn.org\/our-union\/iucn-world-conservation-congress\" style=\"\">International Union for Conservation of Nature World Conservation Congress<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/uae-may-be-getting-more-evs-79880\/\" style=\"\">have over 1k<\/a><\/span><span style=\"font-weight:400;\"> EV charging stations installed. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>26-29 October (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.spa.gov.sa\/en\/N2002883\" style=\"\">World Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/uitpsummit.org\/\" style=\"\">UITP Global Public Transport Summit<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.worldbank.org\/en\/news\/press-release\/2023\/04\/19\/imf-and-the-world-bank-group-to-hold-2026-annual-meetings-in-bangkok-thailand\" style=\"\">Annual Meetings of the World Bank and the International Monetary Fund<\/a><\/span><span style=\"font-weight:400;\">, Bangkok, Thailand.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>1Q 2026: <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.qatarenergy.qa\/en\/Pages\/Home.aspx\" style=\"\">QatarEnergy<\/a><\/span><span>\u2019s USD 1 bn blue ammonia plant <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">to be completed<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>End-2026: HSBC Bahrain to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/will-we-soon-see-a-carbon-offset-tax-in-egypt-79885\/\" style=\"\">eliminate single-use<\/a><\/span><span style=\"font-weight:400;\"> PVC plastic cards. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>MENA\u2019s district cooling market is <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/goodbye-single-ac-units-mena-wont-be-needing-your-services-anymore-79605\/\" style=\"\">expected to reach<\/a><\/span><span style=\"font-weight:400;\"> USD 15 bn.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">World Water Forum, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE\u2019s Abu Dhabi Commercial Bank (ADCB) wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">provide AED 35 bn<\/a><\/span><span style=\"font-weight:400;\"> in green financing. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>UAE <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/enterprise-climate-sits-down-with-mariam-almheiri-the-uaes-climate-change-and-environment-minister-79434\/\" style=\"\">targets 14 GW<\/a><\/span><span style=\"font-weight:400;\"> in clean energy capacity.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Tunisia <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/07\/project-update-tunisia-speaks-to-afdb-ifc-for-solar-plant-financing-80546\/\" style=\"\">targets 30%<\/a><\/span><span style=\"font-weight:400;\"> of renewables in its energy mix.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar wants to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/30\/today-cloud-wars-afreximbank-gets-love-from-nexi-also-indias-reliance-wants-to-build-20-gw-of-renewables-79598\/\" style=\"\">generate USD 17 bn<\/a><\/span><span style=\"font-weight:400;\"> from its circular economy, creating 9k-19k jobs. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Morocco\u2019s <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/xlinks.co\/morocco-uk-power-project\/\" style=\"\">Xlinks<\/a><\/span><span> solar and wind energy project to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/31\/moroccos-usd-18-bn-renewables-export-hub-79733\/\" style=\"\">generate 10.5 GW<\/a><\/span><span style=\"font-weight:400;\"> of energy.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Qatar to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/09\/01\/qatar-to-build-usd-1-bn-blue-ammonia-plant-79877\/\" style=\"\">capture up to 11 mn tons<\/a><\/span><span style=\"font-weight:400;\"> of CO2 annually. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:400;\">Qatar\u2019s Public Works Authority\u2019s (Ashghal) USD 1.5 bn sewage treatment facility to reach 600k cm\/d capacity. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.facebook.com\/Presidencedugouvernementtunisien\/posts\/pfbid02urYKuUDF91i7dtVRR3yrSFzM4p5aG1JUormqfgnbjuUMTSGzmL2DrY8Z7wyfA7vBl?locale=ar_AR\" style=\"\">Tunisia\u2019s carbon neutrality target<\/a><\/span><span style=\"font-weight:400;\">.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><span>Nigeria aims to <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/climate.enterprise.press\/stories\/2022\/08\/29\/today-welcome-to-enterprise-climate-the-essential-daily-covering-climate-change-in-the-middle-east-and-africa-business-finance-investment-79432\/\" style=\"\">achieve its net-zero<\/a><\/span><span> emissions target.<\/span><\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n","protected":false},"excerpt":{"rendered":"<p>Egypt\u2019s EV manufacturing capacity picks up | DP World switches to electric freight fleet | Adnoc delivers low-carbon ammonia to Japan<\/p>\n","protected":false},"featured_media":84185,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-84184","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"1637ada0-0c02-4820-9b04-1648380c2224","teaser":"Egypt\u2019s EV manufacturing capacity picks up | DP World switches to electric freight fleet | Adnoc delivers low-carbon ammonia to Japan","photo_url":"https:\/\/ent.news\/2024\/2\/1147.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>GV Auto signs agreement with China\u2019s Faw to manufacture and export EVs - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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