{"id":75036,"date":"2022-11-30T02:00:36","date_gmt":"2022-11-30T02:00:36","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/11\/30\/today-acwa-power-continues-its-asian-expansion-saudi-aramco-and-sabic-agri-nutrients-ship-first-commercial-load-of-blue-ammonia-to-south-korea\/"},"modified":"2022-11-30T02:00:36","modified_gmt":"2022-11-30T02:00:36","slug":"today-acwa-power-continues-its-asian-expansion-saudi-aramco-and-sabic-agri-nutrients-ship-first-commercial-load-of-blue-ammonia-to-south-korea","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/11\/30\/today-acwa-power-continues-its-asian-expansion-saudi-aramco-and-sabic-agri-nutrients-ship-first-commercial-load-of-blue-ammonia-to-south-korea\/","title":{"rendered":"TODAY: Acwa Power continues its Asian expansion + Saudi Aramco and Sabic Agri-Nutrients ship first commercial load of blue ammonia to South Korea"},"content":{"rendered":"

Good morning, wonderful people, and happy last day of November. <\/strong>We\u2019re inching closer to the weekend, but Saudi Arabia has already crossed the proverbial finish line for shipping out the world\u2019s first commercial load of blue ammonia, which is on its way to South Korea.<\/p>\n

ALSO- <\/strong>Saudi\u2019s Creer is one step closer to their new EV manufacturing factory, having landed the space to build it \u2014 and energy giant Acwa Power is continuing its Asian expansion with a 1 GW solar project in Bangladesh.<\/p>\n

AND- <\/strong>Rolls-Royce has been making international headlines for its groundbreaking tests for hydrogen fuel to power aircraft jets.<\/p>\n

It is, in other words, this morning\u2019s edition is very KSA-heavy. <\/strong>We have chapter and verse on these stories and more in the news well, below.<\/p>\n

<\/a> THE BIG CLIMATE STORY OUTSIDE THE REGION- South Korea is wooing <\/strong>Tesla with \u201ctailored\u201d incentives for its EV gigafactory<\/strong>, South Korean President Yoon Suk-yeol told Reuters<\/a>. In a virtual t\u00eate-\u00e0-t\u00eate with Tesla CEO Elon Musk, Yoon promised to minimize union-related \u201crisks\u201d in the country \u2014 a topic the Tesla boss feels strongly about. South Korea has a solid supply chain for EV manufacturing as well as the human resources and work culture to back it up, Bloomberg<\/a> notes. Musk named<\/a> South Korea as one of the top candidate locations for its EV gigafactory in a previous call with Yoon.<\/p>\n

<\/a> WATCH THIS SPACE- Lekela is has appetite for more renewable <\/strong>energy <\/strong>projects in MENA and Africa: <\/strong>Independent power producer Lekela<\/a> is exploring projects in Morocco, Tunisia and Kenya, CEO Chris Antonopoulos told the Africa Report<\/a> in an interview. Lekela<\/a> is looking to expand its portfolio in Africa \u2014 with an eye to growing in Morocco, Tunisia and Kenya \u2014 in addition to its existing projects in South Africa, Senegal, Ghana and Egypt, Antonopoulos said, according to Morocco World News<\/a>. Lekela is majority-owned by private equity giant Actis.<\/p>\n

CORRECTION- This story was updated on 30 November 2022. <\/em>An earlier version of this story incorrectly stated that Lekela is owned by renewables player Infinity. Infinity and the Africa Finance Corporation have entered into a transaction<\/a> with\u00a0private equity firm Actis<\/a> (which owns 60% of Lekela) and Irish wind \/ solar developer Mainstream Renewable Power<\/a> (40%) to acquire 100% of Lekela. The transaction is in progress.\u00a0<\/em><\/p>\n

\n

\"enterprise\"<\/a><\/p>\n

<\/a> Amr Allam, co-CEO of Hassan Allam Holding is joining us for the <\/strong>Enterprise Climate X<\/a><\/strong>Forum<\/a><\/strong>, taking place at the Grand Egyptian Museum. Are you?<\/strong> We\u2019re proud to announce that our friend Amr Allam is going to be speaking at the forum on why he thinks climate is the most compelling industry of our generation. He is joined on stage for that discussion by Mohamed Ismail Mansour<\/strong>, co-founder and CEO of Infinity (Amr and Mohamed are working on a ton of projects together) and She<\/strong>rif El Kholy<\/strong>, partner and head of MENA at Actis (a long time investor in climate themes).<\/p>\n

They\u2019re not the only ones:<\/strong> Among the top execs, bankers, and development finance folks speaking at the conference are: Todd Wilcox<\/strong>, CEO and deputy chairman of HSBC Egypt; Tarek El Nahas<\/strong>, group head of international banking, Mashreq; Khalid Hamza,<\/strong> director and head of Egypt at European Bank for Reconstruction and Development (EBRD); Simon Kitchen<\/strong>, head of strategy at EFG Hermes Research; Nader Abushadi<\/strong>, group treasurer at Dar Group; Karim Hussein<\/strong>, managing partner at Algebra Ventures; Aly El Tayeb<\/strong>, CEO and co-founder of ShiftEV; Jorgo Chatzimarkakis,<\/strong> CEO of Hydrogen Europe; Khaled Naguib<\/strong>, CEO of Hydrogen Egypt, and Leslie Reed<\/strong>, Mission director for Egypt, USAID.<\/p>\n

Topics and live interviews will include:<\/strong><\/p>\n