{"id":88293,"date":"2024-11-28T00:00:00","date_gmt":"2024-11-28T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/?post_type=issue&#038;p=88293"},"modified":"2025-12-15T11:53:53","modified_gmt":"2025-12-15T11:53:53","slug":"adnoc-launches-a-usd-80-bn-investment-company-targeting-low-carbon-energy-and-chemicals","status":"publish","type":"issue","link":"https:\/\/enterpriseam.com\/climate\/issues\/adnoc-launches-a-usd-80-bn-investment-company-targeting-low-carbon-energy-and-chemicals\/","title":{"rendered":"Adnoc launches a USD 80 bn investment company targeting low-carbon energy and chemicals"},"content":{"rendered":"<section id=\"88295\" 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=\"88295\">\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\/11\/28\/today-adnoc-launches-xrg-to-invest-in-low-carbon-energy\/\">\r\n                            TODAY: Adnoc launches XRG to invest in low carbon energy                        <\/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\/11\/28\/today-adnoc-launches-xrg-to-invest-in-low-carbon-energy\/\" 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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Adnoc has launched a mega investment vehicle to fuel its commitment to low carbon energy solutions and we have all the details in the news well below, but first, an update from the world\u2019s biggest CO2 emitter\u2026<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>THE BIG CLIMATE STORY OUTSIDE THE REGION- China set to hit CO2 emissions <\/strong><strong>peak ahead of target: <\/strong>China will hit its CO2 emission by this year or next, according to 44% of experts surveyed by the Centre for Research on Energy and Clean Air (CREA) believe. Confidence in the country hitting its emission peak increased significantly compared to last year\u2019s survey, in which only 21% shared that sentiment. The rising confidence comes on the back of record clean energy uptake that met the country\u2019s expanding energy demand. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>So is coal burning: <\/strong>Around 36% of surveyed experts believe that coal use has also peaked in the country, up by 16% from last year. China has pledged to \u201cstrictly control\u201d the use of coal \u2014 which accounts for over 80% of China\u2019s total emissions \u2014 aiming to cut its use starting in 2026. Yet, the country has not committed yet to a coal phaseout, which analysts, such as Wang Xiaojun of the Manilla-based People of Asia for Climate Solutions, believe would be necessary to achieve climate goals. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A rise in emission is still possible: <\/strong>More needs to be done to ensure the country is on the road for structural decline in emissions. The country \u2014 which targets peak emissions before 2030 and a 2060 carbon neutrality \u2014 has recently launched an economic stimulus package that is set to accelerate energy demand. This will require it to \u201ceither speed up renewable energy deployment even further or guide economic development in a less energy-intensive direction,\u201d CREA lead analyst Lauri Myllyvyrta said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed ink in the international press:<\/strong> <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/world\/china\/china-off-track-emissions-goals-energy-demand-offsets-renewables-push-2024-11-27\/\" style=\"\" rel=\"noopener\">Reuters<\/a> | <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-27\/chinese-climate-experts-more-confident-of-early-emissions-peak\" style=\"\" rel=\"noopener\">Bloomberg<\/a> | <a target=\"_blank\" href=\"https:\/\/www.ft.com\/content\/352c9205-c8d7-46b0-a162-582cb36f241b\" style=\"\" rel=\"noopener\">Financial Times<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/2024\/nov\/27\/chinas-co2-emissions-have-peaked-or-will-in-2025-say-44-of-experts-in-survey\" style=\"\" rel=\"noopener\">The Guardian<\/a> <\/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\">\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=\"wwtt1\"><\/a><\/strong><strong>#1- Egypt to partially pay Scatec in EGP for electricity: <\/strong>Egypt has reached an agreement with Norwegian renewables developer Scatec to partially pay for the electricity purchased under the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/1a6ea914-51df-4377-a0cf-7f151462dbe8\/%253cmark%253eegypt%253c%2Fmark%253e-signs-multiple-renewables-agreements-with%253cmark%253e-scatec%253c%2Fmark%253e-and-amea-power\" style=\"\" rel=\"noopener\">25-year power purchase agreement<\/a> for its planned 1 GW solar and 100-200 MWh battery storage hybrid project in local currency, <a target=\"_blank\" href=\"https:\/\/www.asharqbusiness.com\/power\/61764\/%D9%85%D8%B5%D8%B1-%D8%AA%D8%AA%D9%81%D9%82-%D9%85%D8%B9-%D8%B4%D8%B1%D9%83%D8%A9-%D8%B3%D9%83%D8%A7%D8%AA%D9%83-%D8%B9%D9%84%D9%89-%D8%B3%D8%AF%D8%A7%D8%AF-%D9%86%D8%B5%D9%81-%D9%85%D8%B4%D8%AA%D8%B1%D9%8A%D8%A7%D8%AA-%D8%A7%D9%84%D9%83%D9%87%D8%B1%D8%A8%D8%A7%D8%A1-%D8%A8%D8%A7%D9%84%D8%AC%D9%86%D9%8A%D9%87\/\" style=\"\" rel=\"noopener\">Asharq Business<\/a> reports, citing two unnamed government officials. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The breakdown:<\/strong> The agreement would see the government make 50% of its payments in EGP for the first three years, then pay 25% in EGP and 75% in USD for the remaining duration of the agreement. The agreement sets the electricity purchase price at EGP 2.3 per KW hour, one of the sources said. Scatec is expected to break ground on the project in 1H 2025 and Asharq Business\u2019 sources see the project kick off operations early 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Scatec has other projects in Egypt: <\/strong>Scatec is part of a consortium including Belgian engineering group John Cockerill, Yara International, Egypt\u2019s Petrochemical Holding Company, and Misr Fertilizer Production Company (Mopco) to produce <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/00a9ba3c-4eb9-4ed4-aee0-795ce2fba512\/john-cockerill-will-support-for%253cmark%253e-egypt%253c%2Fmark%253e%25e2%2580%2599s-green-hydrogen-sector\" style=\"\" rel=\"noopener\">green ammonia in Damietta<\/a> with investments exceeding USD 900 mn. It is also developing a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/2f0a1ec1-bac7-450f-b771-77f511064a1c\" style=\"\" rel=\"noopener\">100 MW green hydrogen plant<\/a> with Orascom Construction and Fertiglobe. The company is also part of another consortium including France\u2019s Technip Energies and Schlumberger that is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/00a9ba3c-4eb9-4ed4-aee0-795ce2fba512\/john-cockerill-will-support-for%253cmark%253e-egypt%253c%2Fmark%253e%25e2%2580%2599s-green-hydrogen-sector\" style=\"\" rel=\"noopener\">reportedly<\/a> in talks with the government to localize the production of electrolyzer components.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER EGYPT NEWS- <\/strong><strong>Egypt is working to pay off Dabaa expenses: <\/strong>The Egyptian government is committed to paying off what it owes the Russian developers of the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/dc54e6ce-3ab0-45eb-8127-977c827addd4\/today:-uae-to-tap-into-ai%25e2%2580%2599s-potential-in-energy-transition-%2B-masdar,-adnoc-and-microsoft-partner-on-ai-and-low-carbon-solutions-%2B-saudi-awards-11-mining-licenses\" style=\"\" rel=\"noopener\">4.8 GW Dabaa nuclear power plant<\/a>, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid0yC5Xgy2FzfK1t4Qj2aw9YuER4wDNHSEgqwS7GXbPtCYe8NzT94oaYyNZKjczF2Fhl\" style=\"\" rel=\"noopener\">statement<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know about Dabaa finances: <\/strong>The facility would cost somewhere around USD 30 bn, 85% of which is being financed through a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/60ea8ab6-9f81-43cc-a75d-b3ff1de7a342\" style=\"\" rel=\"noopener\">USD 25 bn loan<\/a> from Russia with a 3% interest rate, with Egypt scheduled to begin repaying the sum in October 2029. The Russian loan\u2019s payments are set to kick in starting 2029, over 22 years through 43 installments, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/article\/us-egypt-russia-nuclear-idUSKCN0YA1G5\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported in 2016, citing Egypt\u2019s official gazette. Egypt was responsible for financing the remaining 15%, with payments scheduled in installments.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It is not clear whether the government\u2019s statement refers to the self-financed 15% <\/strong><strong>portion of the reactors\u2019 costs or the Russian loan. <\/strong><\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>AND <\/strong><strong>Onasolar <\/strong><strong>to help projects go green: <\/strong>Local solar energy firm <a target=\"_blank\" href=\"https:\/\/onasolar.com\/\" style=\"\" rel=\"noopener\">Onasolar<\/a> will bring 144 MW worth of solar energy onto the grid during 1H 2025, an unnamed company official told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2024\/11\/27\/-%D8%A3%D9%88%D9%86%D8%A7-%D8%B3%D9%88%D9%84%D8%A7%D8%B1-%D8%A7%D9%84%D9%85%D8%B5%D8%B1%D9%8A%D8%A9-%D8%AA%D9%86%D9%81%D8%B0-3-%D9%85%D8%B4%D8%B1%D9%88%D8%B9%D8%A7%D8%AA-%D8%B7%D8%A7%D9%82%D8%A9-%D8%B4%D9%85%D8%B3%D9%8A%D8%A9-%D8%A8%D9%82%D8%AF%D8%B1%D8%A9-144-%D9%85%D9%8A%D8%BA%D8%A7%D9%88%D8%A7%D8%B7\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. The projects include a 100 MW plant in West Sohag for the Electricity Ministry, a 40 MW plant in Wadi El Natrun to feed a 37k feddan agricultural project, and a 4 MW solar project at Cairo International Airport.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Also in the pipeline: <\/strong>Onasolar plans to set up up to 1 GW worth of solar projects in partnership with the Electricity Ministry, add a fourth production electrical transformers line to its facilities, and eventually tap the Sudanese, Libyan, and Iraqi markets. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt2\"><\/a><\/strong><strong>#2- Tajikistan will soon sign <\/strong><strong>an MoU with Saudi renewables giant Acwa Power to develop solar and wind energy projects<\/strong>, Tajikistani Minister of Energy and Water Resources Daler Jum\u2019a told <a target=\"_blank\" href=\"https:\/\/cnnbusinessarabic.com\/sustainability\/90361\/%D8%B7%D8%A7%D8%AC%D9%8A%D9%83%D8%B3%D8%AA%D8%A7%D9%86-%D8%AA%D8%B3%D8%B9%D9%89-%D9%86%D8%AD%D9%88-%D8%B4%D8%B1%D8%A7%D9%83%D8%A9-%D9%85%D8%B9-%D8%A3%D9%83%D9%88%D8%A7-%D8%A8%D8%A7%D9%88%D8%B1-%D9%84%D8%AA%D8%B9%D8%B2%D9%8A%D8%B2-%D9%85%D8%B4%D8%A7%D8%B1%D9%8A%D8%B9-%D8%A7%D9%84%D8%B7%D8%A7%D9%82%D8%A9-%D8%A7%D9%84%D9%85%D8%AA%D8%AC%D8%AF%D8%AF%D8%A9\" style=\"\" rel=\"noopener\">CNN Business Arabic<\/a>. No details on the size of the projects or investment tickets were disclosed. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Tajikistan wants to become a clean energy hub in Central Asia: <\/strong>The country \u2014 which already produces 98% of its electricity via hydroelectric power \u2014 wants to become a regional energy hub by expanding its hydroelectric power and growing its renewables portfolio and grid capabilities. Boasting a hydroelectric power potential of 527 TWh, Tajikistan hopes to produce 100% of its electricity through green energy while tripling its exports of low-carbon electricity by 2027. The country also has green hydrogen ambitions, with plans to produce <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/c63ba33d-d49f-4c99-b76b-6a451a40a516\/masdar-and-acwa-take-the-lead-on-agreements-at-cop29\" style=\"\" rel=\"noopener\">500k tons of the green fuel<\/a> by 2030 and export three-quarters of this capacity to neighboring countries. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investments from KSA and UAE in renewables are a top priority for Tajikistan, <\/strong>Jum\u2019a told CNN. The KSA-based multinational Islamic Development Bank, for example, has funneled USD 150 mn into the country\u2019s <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/63fc4350-38e9-46e6-8e44-3cd4f10c5eeb\/\" style=\"\" rel=\"noopener\">3.6 GW Rogun Hydropower<\/a> plant earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- <\/strong>A JV between Masdar and Alpha Dhabi\u2019s W Solar Investment \u2014 called MW Energy \u2014 signed an MoU with Tajikistan\u2019s Energy and Water Ministry in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a02fe183-03d0-4e15-9297-b4af394e2c49\/a-masdar-%2B-w-solar-jv-signed-its-first-renewables-in%253cmark%253e-tajikistan%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">October 2023<\/a> to explore developing at least 500 MW of green energy projects. The first 500 MW represents phase 1, with further investments said to be expected in the future in public-private partnership projects, including (floating) solar power, wind, and hydropower. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a><\/strong><strong>#3- <\/strong><strong>Saudi <\/strong><strong>and Russia say no to \u201ctransitioning away from fossil fuels\u201d in UN General <\/strong><strong>Assembly climate change resolution:<\/strong> An EU-sponsored amendment to the non-binding resolution that called for the doubling down on renewable energy and energy efficiency while phasing out fossil fuels was voted down following opposition from oil producing states led by the Kingdom and Russia, <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2024\/11\/26\/climate\/saudi-arabia-russia-fossil-fuels-un.html\" style=\"\" rel=\"noopener\">The New York Times<\/a> reports. The Saudi delegation argued that the language of the proposed amendment lacked \u201cbalance.\u201d <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not the first time: <\/strong>Saudi Arabia has been criticized for its role in blocking efforts to address fossil fuel transition at COP29 earlier this month. Transitioning away from fossil fuels \u2014 a key outcome of COP29 global stocktake \u2014 failed to make it in the final text after a Saudi-led group of nations <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ed6bce60-e73f-4b6b-ab05-b2450e1dbfad\/\" style=\"\" rel=\"noopener\">reportedly<\/a> used a variety of tactics to block any language on possible actions on the fossil pledge.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#4- <\/strong><strong>Chinese <\/strong><strong>solar manufacturers team up to address price slump: <\/strong>Around 22 Chinese solar exporters, including major players like Trina Solar, LONGi Green Energy Technology, and Tongwei, have pledged to halt the practice of undercutting each other\u2019s prices in foreign markets, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-27\/china-s-battling-solar-exporters-aim-to-end-unfair-competition?srnd=homepage-europe\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The companies \u2014 which have been in a \u201cprices war\u201d amid oversupply that brought prices down \u2014 are forming a committee to \u201cmaintain orderly exports\u201d and foster \u201chealthy competition.\" <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China\u2019s <\/strong><strong>solar industry is under a stress test: <\/strong>Consistent production capacity additions and generous government incentives have brought solar production in China to an all-time high. However, producers have reached a point of overproduction that has recently resulted in significant losses, layoffs, and bankruptcies, prompting calls for cooperation and government intervention to support the industry, Bloomberg reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The Chinese government is also set to reduce a key export levy rebate<\/strong> <strong>from 13% to 9%<\/strong> starting 1 December, which could also result in higher prices while also impacting the companies\u2019 short-term financial performance. However, the long-term impact is expected to be minimal, Daiwa analyst Dennis Ip told Bloomberg. This policy change is also intended to encourage the export of high-value-added products while reducing the risk of anti-subsidy tariffs, Ip said.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More corrective policy changes may be coming soon: <\/strong>Shares in Chinese solar manufacturers <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/40266986-49a5-42a4-9efd-d5531f7e112c\" style=\"\" rel=\"noopener\">soared<\/a> amid speculations about government measures to address oversupply last month. Speculative news that the Industry and Information Technology Ministry might introduce rules to limit polysilicon production drove the shares up. The solar sector has shown signs of recovery despite recent struggles due to industry overcapacity largely driven by Chinese producers. The anticipation of significant policy changes, including the possible retirement of less-efficient polysilicon plants, has fueled investor optimism. Analysts from Tebon Securities suggest that improving risk appetite could create more investment opportunities in the sector.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>IN OTHER CHINA NEWS-<\/strong> <strong>BYD <\/strong><strong>may be prepping for a price battle as competition soars in China\u2019s EV market, <\/strong>a leaked letter by BYD asking a supplier to take on a 10% price cut in 2025 suggests, <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-27\/leaked-byd-letter-signals-china-ev-price-war-is-set-to-intensify\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. China\u2019s auto market has been experiencing a price war for the past two years as oversupply and price cuts by big players like BYD push smaller companies out of the industry. The company\u2019s PR director Li Yunfei brushed off the suggestion, claiming that price reduction targets are \u201ccommon practice.\u201d<\/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 EnterpriseAM Climate, the essential MENA publication for senior <\/strong><strong>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>EnterpriseAM Climate is available without charge <\/strong>thanks to the generous support of our friends at HSBC and Infinity Power.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Were you forwarded this email? <\/strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/user\/news-letters\" style=\"\" rel=\"noopener\">Tap or click here<\/a> to get your own copy of Enterprise Climate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Want to send us a story idea<\/strong>, request coverage, ask for a correction, or otherwise get in touch? Reach out to us on <a target=\"_blank\" href=\"mailto:climate@enterprisemea.com\" style=\"\" rel=\"noopener\">climate@enterprisemea.com<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>DID YOU KNOW <\/strong>that we also cover <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\" style=\"\" rel=\"noopener\">Egypt<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/ksa\/en\" style=\"\" rel=\"noopener\">Saudi Arabia<\/a>, <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\" style=\"\" rel=\"noopener\">the UAE<\/a>, and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">MENA<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/logistics\/en\" style=\"\" rel=\"noopener\">logistics industry<\/a> ?<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;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>Qatar will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/wesc-conference.qu.edu.qa\/\" style=\"\" rel=\"noopener\">World Energy Storage Conference<\/a><\/strong><strong> from Tuesday, 3 December to <\/strong><strong>Thursday, 5 December <\/strong>in Doha. The event will gather scientists, researchers, engineers, policymakers, and industry experts to discuss advancements and challenges in energy storage technology. The detailed agenda is yet to be announced.<\/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>Saudi Arabia will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unccd.int\/cop16\/programme\" style=\"\" rel=\"noopener\">Conference of the Parties (COP16) to the United Nations<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.unccd.int\/cop16\/programme\" style=\"\" rel=\"noopener\">Convention to Combat Desertification<\/a><\/strong><strong> from Monday, 2 December to Friday, 13 December <\/strong>in Riyadh. The summit will convene leaders and officials from 196 member-states and territories to advance actions and hold ministerial dialogues on resilience and finance, focusing on policies, tech and innovative funding mechanisms.<\/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>UAE <\/strong><strong>will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.mangroveconference.com\/en\/about\/conference\/\" style=\"\" rel=\"noopener\">International Mangrove Conservation and Restoration Conference<\/a><\/strong><strong> from <\/strong><strong>Tuesday, 10 December to Thursday, 12 December <\/strong>in Abu Dhabi. The conference \u2014 happening in parallel to Riyadh\u2019s COP16 on desertification \u2014 will gather global scientists and conservation experts dedicated to mangrove and coastal ecosystem restoration, seeking to share research, innovative approaches, and best practices for holistic restoration, including habitat diversity, connectivity, and climate resilience.<\/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:\/\/www.worldfutureenergysummit.com\/\" style=\"\" rel=\"noopener\">World Energy Summit<\/a><\/strong><strong> from Tuesday, 14 January to Thursday, 16 <\/strong><strong>January<\/strong> in Abu Dhabi. The summit will host over 350 speakers including energy industry leaders and policymakers with discussions ranging from eco-waste to sustainable cities. An exhibition will also be held for showcasing green products.<\/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.futuremineralsforum.com\/\" style=\"\" rel=\"noopener\">Future Minerals Forum<\/a><\/strong><strong> from Tuesday, 14 January to Thursday, <\/strong><strong>16 January<\/strong> in Riyadh. The forum will gather stakeholders from over 170 countries to discuss mineral technology and exploration. Speakers will include senior government officials and CEOs from renowned mining companies Vale, Rio Tinto, and Manara.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><strong>Bahrain will host the <\/strong><strong><a target=\"_blank\" href=\"https:\/\/sustainmideast.com\/\" style=\"\" rel=\"noopener\">Sustainability Forum Middle East<\/a><\/strong><strong> from Tuesday, 28 January to <\/strong><strong>Wednesday, 29 January<\/strong> in Manama. Climate experts and decision-makers will convene to discuss a number of issues ranging from decarbonization to supporting SMEs on their path to net zero. Speakers will include GCC government officials and industry leaders from the banking and industrial sectors.<\/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\/acwa-power\/\">ACWA Power<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/dabaa\/\">Dabaa<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" 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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=\"88298\" 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=\"88298\">\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\">INVESTMENT WATCH<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/adnoc-launches-xrg-to-invest-in-low-carbon-energy-and-chemicals\/\">\r\n                            Adnoc launches XRG to invest in low-carbon energy and chemicals                        <\/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 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            \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/adnoc-launches-xrg-to-invest-in-low-carbon-energy-and-chemicals\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1515.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88299\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/adnoc-launches-xrg-to-invest-in-low-carbon-energy-and-chemicals\/1515-jpg-5\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1515.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"1515.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1515.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/2\/1515.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88298\" class=\"content-area-description single-story post-88298 post type-post status-publish format-standard has-post-thumbnail hentry category-investment-watch tag-adnoc tag-decarbonization tag-enterpriseclimate tag-investment-watch 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\/11\/.18b8b775-de41-4622-b3f5-0a36af5455ae.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><\/strong><strong>Adnoc launches USD 80 bn investment company: <\/strong>Abu Dhabi National Oil Company (Adnoc) launched XRG, an international investment company focused on lower-carbon energy and chemicals, with an investment value over USD 80 bn, according to a <a target=\"_blank\" href=\"https:\/\/www.adnoc.ae\/en\/news-and-media\/press-releases\/2024\/adnoc-launches-xrg\" style=\"\" rel=\"noopener\">press release<\/a>. The company plans to double its asset value over the next decade, and will hold a global strategy day sometime next year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>XRG is set to begin operations in 1Q 2025 <\/strong>and will focus on developing three core platforms: <\/p>\n<ul>\n<li><strong>The low carbon energies platform<\/strong> will invest in solutions for low-carbon energies and decarbonization technologies, backed by forecasts for the low-carbon ammonia market to reach between 70-90 mn tonnes per annum by 2040, up from near-zero levels currently.<\/li>\n<li><strong>The chemicals platform<\/strong> aims to position XRG among the top five global chemicals producers, targeting a 70% increase in global demand for chemical and specialty products by 2050;<\/li>\n<li><strong>The international gas <\/strong><strong>platform <\/strong>will develop an integrated gas portfolio, anticipating a 15% increase in global natural gas demand over the next decade and a 65% increase in liquefied natural gas demand by 2050;<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- Adnoc has been expanding its chemicals and low-carbon energy business in recent months:<\/strong> The state-run oil giant finalized its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/96f6ebe0-39ca-4c3f-9335-0f71dbdf5283\" style=\"\" rel=\"noopener\">USD 3.62 bn<\/a> acquisition of OCI Global's 50%+1 stake in the chemical producer Fertiglobe last month. It also made a public takeover offer earlier in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/7949741c-a0d2-4436-bf55-3edd518bd8e6\/adnoc-seals-covestro-takeover-in-largest-investment-from-middle-east-player-in-europe\" style=\"\" rel=\"noopener\">October<\/a> to acquire German chemicals company Covestro for EUR 14.7 bn, which is expected to close soon. The company is also looking to <a target=\"_blank\" href=\"https:\/\/enterprise.news\/uae\/en\/news\/story\/4712abb5-5e8f-4d08-82b0-c44edac0dea7\/adnoc,%253cmark%253e-borouge%253c%2Fmark%253e-to-develop-polyolefins-complex-in-china\" style=\"\" rel=\"noopener\">merge<\/a> its plastics unit Borouge with Austria-based integrated oil and gas company OMV\u2019s Borealis, but the transaction is facing delays. <\/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\/decarbonization\/\">decarbonization<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/investment-watch\/\">INVESTMENT WATCH<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88300 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=\"88300\">\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/88300\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88300\" class=\"content-area-description single-story post-88300 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:\/\/weareinfinitypower.com\/\" target=\"_blank\" rel=\"noopener\"><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/6\/851.jpg?ssl=1\"><\/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=\"88301\" 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=\"88301\">\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\">Ammonia<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/\">\r\n                            Qatar Energy begins construction on mega blue ammonia plant                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"#\" target=\"_blank\" onclick=\"event.preventDefault(); navigator.clipboard.writeText('https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/')\">\n                    Copy Link                <\/a>\n\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/\">\n                    Facebook                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/facebook-icon2.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/x.com\/intent\/post?text=Qatar Energy begins construction on mega blue ammonia plant&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/&title=Qatar Energy begins construction on mega blue ammonia plant\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Qatar+Energy+begins+construction+on+mega+blue+ammonia+plant+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F28%2Fqatar-energy-begins-construction-on-mega-blue-ammonia-plant%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2665.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88302\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/qatar-energy-begins-construction-on-mega-blue-ammonia-plant\/2665-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2665.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2665.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2665.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2665.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88301\" class=\"content-area-description single-story post-88301 post type-post status-publish format-standard has-post-thumbnail hentry category-ammonia tag-ammonia tag-blue-ammonia tag-enterpriseclimate tag-qatar 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\/11\/.f78c1d39-c3d6-4e8b-9926-d59979b9aabd.mp3\"><\/audio><\/figure><p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>State-owned energy firm Qatar Energy has broken ground on its <\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\" rel=\"noopener\">QAR 4.4<\/a><\/strong><strong><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\" style=\"\" rel=\"noopener\">bn (c. USD 1.2 bn) blue ammonia plant<\/a><\/strong><strong> in Mesaieed Industrial City (MIC)<\/strong>, according to a <a target=\"_blank\" href=\"https:\/\/www.qatarenergy.qa\/en\/MediaCenter\/Pages\/newsdetails.aspx?ItemId=3840\" style=\"\" rel=\"noopener\">press release<\/a>. The plant \u2014 initially scheduled for completion by 1Q 202 \u2014 is now set to begin operation by 2Q 2026. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>In numbers: <\/strong>The plant will produce up to 1.2 mn tons of blue ammonia annually and includes a carbon capture and storage (CCS) facility able to capture some 1.5 mn tons of CO2 per year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Who\u2019s involved? <\/strong>ThyssenKrupp and Consolidated Contractors Company are building the facility, while Qatar Fertiliser (QAFCO) is set to be the operator. QatarEnergy Renewable Solutions will also develop and manage the CCS facility and will supply the plant with 35 MW of power from its solar PV plant in MIC. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A quick recap:<\/strong> <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/77469f6c-f938-4a97-8cac-3146b39b6cbe\/%253cmark%253e%253c%2Fmark%253eqatar%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eto%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebuild%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eusd%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253e1%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253ebn%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eblue%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eammonia%253cmark%253e%253c%2Fmark%253e-%253cmark%253e%253c%2Fmark%253eplant%253cmark%253e%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">\u2018Blue\u2019 ammonia<\/a> serves as feedstock for hydrogen. Although not as environmentally friendly as \u2018green\u2019 ammonia, it\u2019s still seen as a source of clean energy. Unlike conventional production, blue ammonia involves the use of carbon capture, which stores the CO2 underground and prevents its release into the atmosphere. Ammonia has a range of other uses, including powering ships and producing fertilizer.<\/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\/ammonia\/\">AMMONIA<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/blue-ammonia\/\">blue ammonia<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/qatar\/\">Qatar<\/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=\"88303\" 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=\"88303\">\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\">SOLAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/kuwait-pitches-a-new-ownership-plan-for-new-phases-of-shagaya-solar-plant\/\">\r\n                            Kuwait pitches a new ownership plan for new phases of Shagaya solar 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\/11\/28\/kuwait-pitches-a-new-ownership-plan-for-new-phases-of-shagaya-solar-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(); 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The proposal also includes plans for Al Abdaliya solar farm. The projects were estimated to have a total value of around USD 800 mn. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>China plays a large role: <\/strong>The report proposes establishing a JV in which Kuwaiti and Chinese governments retain 42.5% ownership each, with the remaining 15% going to a listed Kuwaiti company. The proposal also suggested that the JV be responsible for the financing, construction, operation, and maintenance of the plants. The projects would secure financing via 20% shares and 80% debt, including potential financing from local and international financial institutions. A long-term power purchase agreement with the government will also be guaranteed for the JV. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER-<\/strong> <strong>The tender for phase three of Al Shagaya plant launches in August: <\/strong>The Kuwait Authority for Partnership Projects (KAPP) shortlisted several global utility developers for the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4e44d18f-302c-41f2-baab-70920c2a4e5b\" style=\"\" rel=\"noopener\">third phase<\/a> of Al Shagaya solar project with a total capacity of 1.1 GW. It is unclear whether this new proposal cancels the tender all together. Five consortiums put their names in the hat:<\/p>\n<ul>\n<li>KSA\u2019s Acwa Power and Kuwait\u2019s Alternative Energy Projects Company;<\/li>\n<li>A Masdar-led consortium with Kuwait\u2019s Fouad Alghanim & Sons;<\/li>\n<li>France\u2019s EDF Renewables with Kuwait\u2019s Al Sagar;<\/li>\n<li>China\u2019s Jinko Power with Japan\u2019s Jera;<\/li>\n<li>France\u2019s Total Energies Renewables with Vietnam\u2019s Trungnam Group.<\/li>\n<\/ul>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why the new proposal? <\/strong>KIA appears to be exploring the ownership options it views as optimal for the country. According to Al Qabas, the report states that if the government owns over 51% of the projects, laws limiting hiring and operational flexibility would be applied to them. Meanwhile, the public-private partnership laws would limit government ownership to a range of 6% to 24% and require 50% stakes to be offered in an IPO of 50% stakes and a competitive bidding process for the remaining 26%-44%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REFRESHER- The country has big renewables plans:<\/strong> The Kuwait Foundation for the Advancement of Sciences (KFAS) published a new <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ee9ac9b8-87eb-4fcf-b0f5-5ae511663ee9\" style=\"\" rel=\"noopener\">energy transition roadmap<\/a> for the country in September. Developed in partnership with Hartree Partners, the Petroleum Corporation, and Kuwait\u2019s Electricity Ministry, the new roadmap aims to generate USD 390 bn in net revenues for the country by 2060.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Projects are already in the works:<\/strong> US-based engineering firm KBR <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/30be6086-e042-404c-9f75-d8c7af80b249\/\" style=\"\" rel=\"noopener\">secured an<\/a><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/30be6086-e042-404c-9f75-d8c7af80b249\/\" style=\"\" rel=\"noopener\">advisory consulting contract<\/a> with Kuwait Oil Company for the production of 17 GW of renewables and 25 GW of green hydrogen by 2050 in July.<\/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\/kuwait\/\">Kuwait<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar\/\">SOLAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/solar-energy\/\">solar energy<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88305\" 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=\"88305\">\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\">GREEN FINANCE<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/morocco-secures-usd-250-mn-from-world-bank-to-manage-waste\/\">\r\n                            Morocco secures USD 250 mn from World Bank to manage waste                        <\/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\/11\/28\/morocco-secures-usd-250-mn-from-world-bank-to-manage-waste\/\" 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 initiative aims to improve the financial and environmental performance of Morocco's waste management system by supporting key reforms and investments. News of the financing package emerged <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7b5459c7-5ade-46a0-b372-604c21924e6d\" style=\"\" rel=\"noopener\">earlier this month<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Where is the money going?<\/strong> The package will go into projects upgrading existing landfills, expanding waste recycling, composting and recovery through sustainable business models, and addressing the environmental and health risks posed by abandoned landfills. It will also support the exploration of new revenue streams for the waste sector and contribute to global climate action by enhancing the sector\u2019s ability to track and reduce its emissions.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Support is piling in for the kingdom:<\/strong> The International Monetary Fund approved a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7b5459c7-5ade-46a0-b372-604c21924e6d\" style=\"\" rel=\"noopener\">USD 415 mn disbursement<\/a> to support Morocco's transition to a greener economy earlier this month. The financing comes as a part of a USD 1.3 bn Resilience and Sustainability Facility (RSF) agreement signed last year, bringing the total released USD 747 mn for Morocco. The RSF arrangement follows a separate USD 5 bn Flexible Credit Line <a target=\"_blank\" href=\"https:\/\/ent.news\/2023\/10\/649.pdf\" style=\"\" rel=\"noopener\">arrangement approved (pdf)<\/a> in April 2023 in response to slowed growth and raised inflation due to severe drought and spillovers from Russia\u2019s invasion of Ukraine.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>And <\/strong><strong>Morocco is lining up projects: <\/strong>Earlier this month, the country secured two contracts with the French company Suez to invest in waste management facilities. As part of a consortium with Morocco\u2019s Somagec, and Jet Contractors, Suez will construct and operate <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/bdb0b65b-dd60-467b-abca-dab6fc9c9bcc\/\" style=\"\" rel=\"noopener\">the Oum Azza waste treatment and recovery center<\/a> in the Rabat region, planned to treat around 53% of the annual 850k tons of waste it receives and focus on producing biogas. The company was also awarded a USD 120 mn contract for the waste treatment and recovery plant in Kenitra. The 20-year contract included building a factory that will also focus on biogas production. Last year, Morocco signed a deal with Portugal to set up a \u201cgreen\u201d MAD 1 bn (c. USD 100 mn) <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/cb2d5f1f-7be7-4f50-b003-f3b8762fa1e7\" style=\"\" rel=\"noopener\">textile recycling project<\/a> partially powered by renewables. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Making strides in the sector<\/strong><strong>: <\/strong>The country has significantly improved its waste collection coverage in urban areas from 40% in 2008 to 96% in 2022, the World Bank statement said. Waste treatment rates also saw a boost, increasing from 10% in 2008 to 63% this year, <a target=\"_blank\" href=\"https:\/\/www.moroccoworldnews.com\/2024\/11\/366618\/morocco-secures-250-million-world-bank-program-to-tackle-waste-management\" style=\"\" rel=\"noopener\">Morocco World News<\/a> reported. The country has also closed 44 unauthorized dumpsites and rehabilitated 67 more in the last few years.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>But challenges remain: <\/strong>The country is planning now to address type-specific and \u201cregion-specific\u201d waste management challenges. For example, medical waste \u2014 totaling over 22k tons in 2021 \u2014 remains an environmental and health risk in some areas, whereas some areas suffer from excessive organic waste that accounts for up to 70% of total waste in some regions.<\/p>\n\t<\/div><!-- .entry-content -->\n\n\t\n<\/article><!-- #post-${ID} -->\n\n\n    <div class=\"tags-section\">\n        <div class=\"f-graphik\">Tags:<\/div>\n        <div class=\"tags-list\">\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/green-finance\/\">green finance<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/morocco\/\">Morocco<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/waste-management\/\">waste management<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/world-bank\/\">World Bank<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88307\" 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=\"88307\">\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\">ALSO ON OUR RADAR<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/agritech-and-green-industry-updates-from-the-uae-and-saudi-arabia\/\">\r\n                            Agritech and green industry updates from the UAE and Saudi Arabia                        <\/a>\r\n                    <\/h3>\r\n\r\n                    \r\n\t\t\t\t\t\n<div class=\"cta\">\n    <div class=\"cta__btn share-dropdown-cta dropdown-toggle-btn\" style=\"position:relative\">\n        <img decoding=\"async\" src=\"https:\/\/ent.news\/internal\/408834.svg\" alt=\"\">\n        Share Story\n        <!-- Dropdown Menu -->\n        <ul class=\"share-menu\">\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/agritech-and-green-industry-updates-from-the-uae-and-saudi-arabia\/\" target=\"_blank\">\n                    Open in new tab                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/new-tab.svg\" alt=\"\"> -->\n           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from the UAE and Saudi Arabia&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/agritech-and-green-industry-updates-from-the-uae-and-saudi-arabia\/\">\n                    X                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/twitter-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a target=\"_blank\" href=\"https:\/\/www.linkedin.com\/shareArticle?mini=true&url=https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/agritech-and-green-industry-updates-from-the-uae-and-saudi-arabia\/&title=Agritech and green industry updates from the UAE and Saudi Arabia\">\n                    LinkedIn                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/linkedin-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n            <li class=\"list-inline-item\">\n                <a href=\"https:\/\/api.whatsapp.com\/send?text=Agritech+and+green+industry+updates+from+the+UAE+and+Saudi+Arabia+https%3A%2F%2Fenterpriseam.com%2Fclimate%2F2024%2F11%2F28%2Fagritech-and-green-industry-updates-from-the-uae-and-saudi-arabia%2F\">\n                    WhatsApp                    <!-- <img decoding=\"async\" src=\"assets\/media\/placeholder\/svg\/whatsapp-icon.svg\" alt=\"\"> -->\n                <\/a>\n            <\/li>\n        <\/ul>\n    <\/div>\n        <\/div>\r\n                    \r\n                <\/div>\r\n\r\n            \r\n            <div class=\"story__body\">\r\n\r\n                <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/agritech-and-green-industry-updates-from-the-uae-and-saudi-arabia\/\">\r\n                    <div class=\"photo photo--above\">\r\n                        <img decoding=\"async\" src=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2663.jpg?fit=1568%2C9999&amp;ssl=1\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"\" data-attachment-id=\"88308\" data-permalink=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/agritech-and-green-industry-updates-from-the-uae-and-saudi-arabia\/2663-jpg-2\/\" data-orig-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2663.jpg?fit=%2C&amp;ssl=1\" data-orig-size=\"\" data-comments-opened=\"0\" data-image-meta=\"[]\" data-image-title=\"2663.jpg\" data-image-description=\"\" data-image-caption=\"\" data-medium-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2663.jpg?fit=300%2C300&amp;ssl=1\" data-large-file=\"https:\/\/i0.wp.com\/ent.news\/2024\/11\/2663.jpg?fit=1024%2C1024&amp;ssl=1\" \/>                    <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88307\" class=\"content-area-description single-story post-88307 post type-post status-publish format-standard has-post-thumbnail hentry category-also-on-our-radar tag-agritech tag-also-on-our-radar tag-bahrain tag-energy-efficiency tag-enterpriseclimate tag-saudi-arabia tag-sustainable-agriculture 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\/11\/.20b59aaf-42d9-4f5a-8e18-2c231df9c42c.mp3\"><\/audio><\/figure><p class=\"tag-border-left\">AGRITECH- <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Silal <\/strong><strong>+ Kezad partner on climate-resilient farming: <\/strong>Abu Dhabi's agri-food and technology company <a target=\"_blank\" href=\"https:\/\/www.silal.ae\/\" style=\"\" rel=\"noopener\">Silal<\/a> has signed a <a target=\"_blank\" href=\"https:\/\/www.investinabudhabi.ae\/Infrastructure-Partnerships\/Musataha#:~:text=A%20Musataha%20Agreement%20creates%20a,of%20up%20to%2050%20years.\" style=\"\" rel=\"noopener\">Musataha agreement<\/a> with <a target=\"_blank\" href=\"https:\/\/www.kezadgroup.com\/ar\" style=\"\" rel=\"noopener\">Kezad Group<\/a> to procure land use rights to establish two AgTech initiatives in Al Ain Industrial City, <a target=\"_blank\" href=\"https:\/\/www.wam.ae\/en\/article\/b6eno1v-silal-signs-musataha-agreement-with-kezad-launch\" style=\"\" rel=\"noopener\">Wam<\/a> reports.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>What we know: <\/strong>In collaboration with desert farming agritech firm Iyris, Silal will build a 50k sqkm indoor farm to cultivate premium berries. The second initiative spans 100k sqkm to cultivate \u201chigh-value\u201d crops, using \u201cadvanced controlled-environment\u201d technologies to cultivate high-value crops with maximized yields while significantly reducing water consumption and carbon emissions. <\/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\">GREEN INDUSTRY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi Musanadah + Irish CoolPlanet partner on energy efficiency services: <\/strong>Saudi Arabian management company and Alturki Holding subsidiary <a target=\"_blank\" href=\"https:\/\/www.musanadah.com.sa\/en\/\" style=\"\" rel=\"noopener\">Musanadah<\/a> \u2014 which is ESCO certified by the <a target=\"_blank\" href=\"https:\/\/www.seec.gov.sa\/en\" style=\"\" rel=\"noopener\">Saudi Energy Efficiency Centre<\/a> \u2014 and Irish decarbonization engineering and software firm <a target=\"_blank\" href=\"https:\/\/www.coolplanet.io\/\" style=\"\" rel=\"noopener\">CoolPlanet<\/a> have partnered to help Musanadah set up a new division for energy and sustainability services, according to a <a target=\"_blank\" href=\"https:\/\/www.builtenvironmentme.com\/news\/ifm\/musanadah-partners-with-coolplanet-to-drive-energy-efficiency-and-sustainability-in-saudi-arabia-and-bahrain\" style=\"\" rel=\"noopener\">statement<\/a>. With support from CoolPlanet\u2019s patented Net Zero Glidepath platform that helps clients plan their decarbonization, the Saudi company\u2019s new division will help clients across Saudi Arabia and Bahrain cut emissions, increase energy efficiency, and achieve cost savings. <\/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>Maaden to set up 800k-mangrove nursery: <\/strong>Maaden signed an agreement with the <a target=\"_blank\" href=\"https:\/\/www.rcjy.gov.sa\/en-US\" style=\"\" rel=\"noopener\">Royal Commission for Jubail and Yanbu<\/a> and the National Center for Vegetation Cover to set up a mangrove nursery in Saudi Arabia, with the capacity to grow over 800k mangroves annually. The deal comes ahead of <a target=\"_blank\" href=\"https:\/\/www.unccd.int\/news-stories\/notifications\/sixteenth-session-unccd-conference-parties-cop-16-riyadh\" style=\"\" rel=\"noopener\">COP16 on combatting desertification<\/a>, scheduled for next week in Riyadh. (<a target=\"_blank\" href=\"https:\/\/x.com\/MaadenKSA\/status\/1861418065365250164\" style=\"\" rel=\"noopener\">Statement<\/a>)<\/li>\n<li><strong>Tunisia <\/strong><strong>+ EBRD to boost phosphate production:<\/strong> Tunisia\u2019s Industry, Mines and Energy Ministry signed an MoU with the European Bank for Reconstruction and Development (EBRD) to support phosphate production in the country. The two also explored partnering on renewables, fertilizers, and mining. No further details on the MoU or the talks were mentioned. (<a target=\"_blank\" href=\"https:\/\/www.facebook.com\/MinistereIEM\/posts\/1010102440919591?ref=embed_post\" 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\/agritech\/\">Agritech<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/also-on-our-radar\/\">ALSO ON OUR RADAR<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/bahrain\/\">Bahrain<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/energy-efficiency\/\">energy efficiency<\/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\/sustainable-agriculture\/\">sustainable agriculture<\/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=\"88309\" 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=\"88309\">\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\">AROUND THE WORLD<\/p>\r\n                    <h3 class=\"story-title\">\r\n                        <a href=\"https:\/\/enterpriseam.com\/climate\/2024\/11\/28\/germanys-kfw-will-sink-eur-24-bn-in-hydrogen-transmission-network\/\">\r\n                            Germany\u2019s KfW will sink EUR 24 bn in hydrogen transmission network                        <\/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\/11\/28\/germanys-kfw-will-sink-eur-24-bn-in-hydrogen-transmission-network\/\" 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 federal government will also shoulder about 76% of the loan\u2019s risk. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>** Tap or click the headline above to read this story with all of the links<\/strong> to our background and outside sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details: <\/strong>KfW plans to keep user fees manageable by compensating operators through an amortization account, with costs expected to be repaid by 2055. As network revenues rise gradually, operators would be expected to redirect surplus income to the amortization account. If the account is not balanced by 2055, the federal government will cover 76% of the risk, with the remaining 24% borne by network operators.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pipeline: <\/strong>About 60% of the planned core 9k km network \u2014 set for completion by 2032 \u2014 will be completed by retrofitting existing natural gas pipelines, and the rest will be from new constructions. The German government is banking on green hydrogen to decarbonize hard-to-abate heavy industries like chemicals and steel, <a target=\"_blank\" href=\"https:\/\/www.reuters.com\/business\/energy\/eu-approves-32-bln-german-hydrogen-pipeline-support-2024-06-21\/\" style=\"\" rel=\"noopener\">Reuters<\/a> reported. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Is this linked to SoutH2?<\/strong> The <a target=\"_blank\" href=\"https:\/\/www.south2corridor.net\/\" style=\"\" rel=\"noopener\">SoutH2 Corridor<\/a> is a 3.3k km hydrogen pipeline connecting North Africa, Italy, Austria, and Germany. The project is set to use over 65% of repurposed infrastructure, with new segments only where necessary. The project\u2019s website boasts governments\u2019 \u201cpolitical endorsement\u201d and \u201csupport\u201d from companies involved in hydrogen production and offtake along the corridor. Algeria\u2019s state-owned Sonatrach, Germany\u2019s VNG, Italy\u2019s Snam and Sea Corridor, and Austria\u2019s Verbund are conducting feasibility studies for the implementation of the project.<\/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>Norwegian aluminum giant Norsk Hydro is phasing out its battery materials and <\/strong><strong>green hydrogen divisions,<\/strong> <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-11-27\/norsk-hydro-pulls-plug-on-green-hydrogen-and-battery-projects\" style=\"\" rel=\"noopener\">Bloomberg<\/a> reports. The company \u2014 which entered the battery-making business in 2017 with big plans \u2014 said it would still retain its battery recycling operation, a joint venture with the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8175b264-aa06-4a34-a99f-96b056b82d08\/today:-cop29-fizzles-out-with-a-check-in-the-mail-%2B-ifc-kicks-in-usd-mns-in-green-financing-to-egypt\" style=\"\" rel=\"noopener\">embattled Northvolt<\/a>. Norsk Hydro also held a minority stake in Northvolt. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company hasn\u2019t written them off completely: <\/strong>CEO Eivind Kallevik is confident that green hydrogen and batteries \u201cwill play a role in the future\u201d but will \u201cfocus on the core areas\u201d of what the company knows in the meantime, he told BloombergTV. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>A sign of the times: <\/strong>Battery-making and the <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f61d1166-0ae0-4af8-b967-30b0a20c7c70\/today:-saudi-backed-royal-road-minerals-secures-copper-gold-mining-site-in-morocco-%2B-cop16-biodiversity-action-talks-stumble-over-finances\" style=\"\" rel=\"noopener\">low-carbon hydrogen sectors<\/a> \u2014 two key sectors for the world\u2019s decarbonization efforts \u2014 have recently taken hits as a result of different factors, including high costs, slower-than-expected demand, project delays, and fierce competition with China\u2019s industries. Just this week, EV battery producer Northvolt <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/8175b264-aa06-4a34-a99f-96b056b82d08\/today:-cop29-fizzles-out-with-a-check-in-the-mail-%2B-ifc-kicks-in-usd-mns-in-green-financing-to-egypt\" style=\"\" rel=\"noopener\">filed for bankruptcy<\/a> in the US after failing to secure rescue funding, leaving it with enough cash to support operations for only a week. <\/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\/around-the-world\/\">AROUND THE WORLD<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                            <a rel=\"tag\" href=\"https:\/\/enterpriseam.com\/climate\/tag\/ev-battery-recycling\/\">EV battery recycling<\/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\/green-hydrogen\/\">green hydrogen<\/a>\n                <!-- <span class=\"sep\">,&nbsp;<\/span> -->\n                    <\/div>\n    <\/div>\n            <\/div>\r\n        <\/div> <!-- \/.story -->\r\n    \n    \n\n    <\/div>\n<\/div>\n<\/section>\n<section id=\"88311\" 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\/11\/28\/88311\/\">\r\n                    <div class=\"photo photo--above\">\r\n                                            <\/div>\r\n                <\/a>\r\n\r\n                \n<article id=\"post-88311\" class=\"content-area-description single-story post-88311 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:1.1500000000000001;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:1.1500000000000001;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.egypt-energy.com\/en\/home.html\" style=\"\">Egypt Energy Show<\/a><\/span><span style=\"font-weight:400;\">, Cairo, Egypt.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>3-4 December (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/msgbcoilgasandpower.com\/event\/msgbc-oil-gas-power-2024\/\" style=\"\">MSGBC Oil, Gas & Power 2024 conference<\/a><\/span><span style=\"font-weight:400;\">, Dakar, Senegal.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>3-5 December (Tuesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/wesc-conference.qu.edu.qa\/\" style=\"\">World Energy Storage Conference<\/a><\/span><span style=\"font-weight:400;\">, Doha, Qatar. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>4-6 December (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.icspies.org\/\" style=\"\">International Conference on Smart Power & Internet Energy Systems<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>10-12 December (Tuesday to Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.mangroveconference.com\/en\/about\/conference\/\" style=\"\">International Mangrove Conservation and Restoration Conference<\/a><\/span><span>, Abu Dhabi, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>16-18 December (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/saudi-sg.com\/\" style=\"\">Saudi Arabia Smart Grid Conference<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>22-24 December (Sunday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/rsegp-conference.com\/\" style=\"\">Renewable & Sustainable Energies And Green Processes Conference<\/a><\/span><span style=\"font-weight:400;\">, Sousse, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>12-15 January (Sunday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.wrenuk.co.uk\/\" style=\"\">World Renewable Energy Congress<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>14-16 January (Wednesday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.futuremineralsforum.com\/\" style=\"\">Future Minerals Forum<\/a><\/span><span style=\"font-weight:400;\">, Riyadh, Saudi Arabia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>18-19 January (Saturday-Sunday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/libyasummit.com\/\" style=\"\">Libya Energy & Economic Summit<\/a><\/span><span style=\"font-weight:400;\">, Tripoli, Libya. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>28-29 January (Tuesday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/sustainmideast.com\/\" style=\"\">Sustainability Forum Middle East<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">FEBRUARY <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-19 February (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.egypes.com\/\" style=\"\">Egypt Energy Show<\/a><\/span><span>, Cairo, Egypt. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>23-25 February (Sunday- Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/gweccc.com\/\" style=\"\">Global Water Energy and Climate Change Congress<\/a><\/span><span style=\"font-weight:400;\">, Manama, Bahrain.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>24-27 February (Monday-Thursday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/events-and-conferences\/environment-authority-to-hold-inaugural-oman-climate-week-february-24-27-2025-uwf3f8c6\" style=\"\">Oman Climate Week<\/a><\/span><span style=\"font-weight:400;\">, Muscat, Oman. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">APRIL  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.middleeast-energy.com\/en\/home.html\" style=\"\">Middle East Energy<\/a><\/span><span style=\"font-weight:400;\">, Dubai, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>14-15 April (Monday-Tuesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.karbonzirvesi.com\/\" style=\"\">Istanbul Carbon Summit<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>21-23 April (Monday-Wednesday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/abudhabi.evinnovationsummit.com\/\" style=\"\">Electric Vehicle Innovation Summit (EVIS)<\/a><\/span><span style=\"font-weight:400;\">, Abu Dhabi, UAE.<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">MAY  <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>7-9 May (Wednesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.irenec.org\/eng\/\" style=\"\">International Renewable Energy Conference (IRENEC)<\/a><\/span><span style=\"font-weight:400;\">, Istanbul, Turkey. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">JUNE <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span>17-20 June (Tuesday-Friday): <\/span><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.tap.info.tn\/en\/Portal-Economy\/17936683-tunis-to-host\" style=\"\">Mediterranean Water, Irrigation and Photovoltaic Exhibition<\/a><\/span><span style=\"font-weight:400;\">, Tunisia. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700\">2024 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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=\"\">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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2025 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"text-decoration-skip-ink:none;-webkit-text-decoration-skip:none;\"><a href=\"https:\/\/www.zawya.com\/en\/press-release\/companies-news\/expo-sharjah-signs-partnership-agreement-to-launch-the-middle-east-electric-vehicle-show-2025-htkk34ud\" style=\"\">Middle East Electric Vehicle Show<\/a><\/span><span style=\"font-weight:400;\">, Sharjah, UAE. <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2026 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2027<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2030 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2035 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2045 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2050<\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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:1.1500000000000001;orphans:2;widows:2;text-align:left\"><span style=\"font-weight:700;\">2060 <\/span><\/p>\n<p style=\"padding:0;margin:0;line-height:1.1500000000000001;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>Adnoc launches a new investment company | Qatar breaks ground on mega blue ammonia project | Kuwait has a new proposal for Shagaya solar plant.<\/p>\n","protected":false},"featured_media":88294,"menu_order":0,"template":"","categories":[],"tags":[],"class_list":["post-88293","issue","type-issue","status-publish","has-post-thumbnail","hentry","wpautop","entry"],"acf":{"mongo_id":"11cc40b4-a00c-4c97-b675-746dce5567ad","teaser":"Adnoc launches a new investment company | Qatar breaks ground on mega blue ammonia project | Kuwait has a new proposal for Shagaya solar plant.","photo_url":"https:\/\/ent.news\/2024\/2\/1149.jpg"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Adnoc launches a USD 80 bn investment company targeting low-carbon energy and chemicals - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/issues\/adnoc-launches-a-usd-80-bn-investment-company-targeting-low-carbon-energy-and-chemicals\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Adnoc launches a USD 80 bn investment company targeting low-carbon energy and chemicals\" \/>\n<meta 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