{"id":76691,"date":"2023-03-28T02:06:12","date_gmt":"2023-03-28T02:06:12","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/today-adnoc-is-exploring-the-establishment-of-a-low-carbon-ammonia-supply-chain-in-germany\/"},"modified":"2023-03-28T02:06:12","modified_gmt":"2023-03-28T02:06:12","slug":"today-adnoc-is-exploring-the-establishment-of-a-low-carbon-ammonia-supply-chain-in-germany","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/03\/28\/today-adnoc-is-exploring-the-establishment-of-a-low-carbon-ammonia-supply-chain-in-germany\/","title":{"rendered":"TODAY: Adnoc is exploring the establishment of a low-carbon ammonia supply chain in Germany"},"content":{"rendered":"

Good morning, ladies and gents. <\/strong>It appears the downpour of news is abating, but we have some bits and pieces for you from the region and around the world.<\/p>\n

THE BIG CLIMATE STORY- <\/strong>UAE\u2019s Adnoc has inked an agreement with the government of Germany\u2019s North Rhine-Westphalia and chemical park operator Currenta to explore cooperation in the production and transportation of low-carbon ammonia.<\/p>\n

PLUS- We sat down with Climate Resilience Fund co-founder Hossam Allam<\/strong> for (proverbial) coffee and a wide-ranging discussion on what the fund is working on, the impact of agritech on food sustainability \u2014 and the importance of insects.<\/p>\n

^^ We have more on both in the news well, below.<\/strong><\/p>\n

THE BIG CLIMATE STORY OUTSIDE THE REGION- Australia is inching closer to passing<\/strong> a landmark emissions reduction bill:<\/strong> Australia\u2019s lower house of parliament approved yesterday legislation that would, if passed, see the country\u2019s top 215 carbon emitting plants slash CO2 outputs by 30% by 2030. Dubbed the Safeguard Mechanism reform, the new bill would stipulate new gas drilling projects be carbon neutral and have net-zero reservoirs, potentially putting a stopper to half of the 116 coal and gas plants currently under consideration in the country. The plan \u2014 proposed in January<\/a> \u2014 is expected to garner support from the country\u2019s minor opposition party Australian Greens, setting the stage for it to come into effect on 1 July, 2023. The story got coverage from Bloomberg<\/a>, The Washington Post<\/a>, and Reuters<\/a>.<\/p>\n

ALSO- Berliners have turned down a referendum to make the German capital carbon<\/strong> neutral by 2030: <\/strong>Berlin voted against passing a proposal to fully decarbonize the city 15 years ahead of the national net-zero target of 2045. Berlin\u2019s mayor Franziska Giffey says the referendum\u2019s results spotlight the proposal\u2019s unrealistic targets. The story got ink in Reuters<\/a>, Bloomberg<\/a>, and Deutsche Welle<\/a>.<\/p>\n

\n

<\/a> WATCH THIS SPACE #1- KSA\u2019s Al Rajhi Bank is lining up a sustainable sukuk <\/strong>issuance:<\/strong> Al Rajhi Bank \u2014 Saudi Arabia's second-largest lender by assets \u2014 plans to issue USD-denominated sustainable sukuk under its international sukuk program announced in April 2022, according to a disclosure to Tadawul<\/a>. The size and terms of value of the Islamic bond issuance will be determined subject to the market conditions, the disclosure said. Al Rajhi Capital Company, Citigroup, Emirates NBD Bank, Goldman Sachs, HSBC, JPMorgan Securities, KFH Capital, and Standard Chartered Bank were appointed as joint lead managers and bookrunners for the issuance.<\/p>\n

WATCH THIS SPACE #2- Are e<\/strong>ight more green hydrogen agreements in the works for <\/strong>Egypt?<\/strong> Eight industry players have expressed interest in setting up green hydrogen plants in Egypt, and MoUs are soon expected to be signed, Suez Canal Economic Zone (SCZone) CEO Walid Gamal El Din told CNBC Arabia (watch, runtime: 5:06<\/a>). Gamal El Din didn\u2019t provide any details about which companies could be involved or when agreements could be signed.<\/p>\n

Egypt already signed a spate of agreements last year<\/strong>, including nine framework agreements<\/a> and another seven MoUs<\/a> for green hydrogen plants and ammonia facilities in the SCZone. Most recently, China Energy earlier this month said<\/a> that it could begin working on its USD 5.1 bn plant as soon as May.<\/p>\n

\n

WATCH THIS SPACE #3- Shortages in key components required for wind energy <\/strong>development are likely to crop up by 2026<\/strong>, the Financial Times<\/a> reports, citing Global Wind Energy Council (GWEC). The squeeze comes as countries \u2014 particularly the US and Europe \u2014 set ambitious targets for the rollout of domestic renewable energy, including a growing demand for new wind projects. China\u2019s domination of manufacturing components for wind energy stations exacerbates the risk of a supply chain crunch and creates a need to increase investment in the global onshore and offshore wind sector supply chains, GWEC says. Some companies are already experiencing shortages, with Singaporean shipping group Marco Polo warning of a severe shortage of the vessels required to install offshore turbines, the FT reports. China held 60% of the global market for turbine blade manufacturing in 2022, according to GWEC figures, and European wind turbine manufacturers including Vestas and Siemens Gamesa racked up losses last year<\/a> on the back of rising maintenance costs, supply chain risks, rising inflation, and reduced power installations.<\/p>\n

WATCH THIS SPACE #4- Hyundai \u2014 the world\u2019s third-largest EV producer \u2014 will <\/strong>invest USD 300 mn to manufacture its GV70 EV in its mega US-based production plant<\/strong>, according to Bloomberg (watch, runtime, 00:54<\/a>). Hyundai\u2019s manufacturing facility produces a GV70 in just 16 hours, and the company has a target to produce 17 other EV models by 2030 in line with its goal to sell some 1.8 mn EVs by the same year.<\/p>\n

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

We are delighted to share with you that the Enterprise Exports & FDI Forum<\/strong> will be taking place on 15 May<\/strong> at the Four Seasons Hotel at Nile Plaza in Cairo.<\/strong><\/p>\n

DO YOU WANT TO ATTEND?<\/strong> The first wave of invites is going out soon. If you\u2019re a C-suite exec, exporter, investor, official, banker, or someone who should be part of the conversation, please click here<\/a> to request a spot at this exclusive event.<\/p>\n

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CIRCLE YOUR CALENDAR- <\/strong><\/p>\n

The UAE is hosting the International Conference on Green Energy and <\/strong>Environmental Technology (<\/strong>ICGEET<\/a><\/strong>) on 18 and 19 April <\/strong>in Dubai. The event will bring together stakeholders from academia, the healthcare industry, and the private sector to discuss energy conservation among other topics.<\/p>\n

The first <\/strong>MENA Solar Conference<\/a><\/strong> is accepting applications from published<\/strong> researchers specialized in PV technology until Sunday, 30 April.<\/strong> The Dubai Electricity and Water Authority will be hosting the conference from 15 to 18 November, in conjunction with the Water, Energy, Technology, and Environment Exhibition and the Dubai Solar Show 2023. Researchers can submit their papers here<\/a>.<\/p>\n

Check out our full calendar on the web<\/a><\/strong> for a comprehensive listing of upcoming news events, national holidays and news triggers.<\/p><\/p>\n","protected":false},"excerpt":{"rendered":"

Good morning, ladies and gents. It appears the downpour of news is abating, but we have some bits and pieces for you from the region and around the world. THE BIG CLIMATE STORY- UAE\u2019s Adnoc has inked an agreement with the government of Germany\u2019s North Rhine-Westphalia and chemical park operator Currenta to explore cooperation in […]<\/p>\n","protected":false},"author":1,"featured_media":76692,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[44],"tags":[40,11,173,64,227,39,88,159,43],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-76691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-egypt","tag-enterpriseclimate","tag-eu","tag-evs","tag-green-economy","tag-green-hydrogen","tag-renewables","tag-saudi-arabia","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"7c3e4c31-71aa-463b-8a66-12636e10e0d7","order":"0","is_powered_by":true,"story_type":"4","photo_url":"https:\/\/ent.news\/2022\/12\/weather-1600px.jpg","photo_position":"above","related_issue":[76689],"teaser":"","voice_url":""},"yoast_head":"\nTODAY: Adnoc is exploring the establishment of a low-carbon ammonia supply chain in Germany - 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\/2023\/03\/28\/today-adnoc-is-exploring-the-establishment-of-a-low-carbon-ammonia-supply-chain-in-germany\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: Adnoc is exploring the establishment of a low-carbon ammonia supply chain in Germany\" \/>\n<meta property=\"og:description\" content=\"Good morning, ladies and gents. 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