{"id":87417,"date":"2024-10-17T00:00:00","date_gmt":"2024-10-17T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/10\/17\/algerias-sonatrach-partners-with-norways-ica-finance-to-slash-emissions\/"},"modified":"2024-10-17T00:00:00","modified_gmt":"2024-10-17T00:00:00","slug":"algerias-sonatrach-partners-with-norways-ica-finance-to-slash-emissions","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/10\/17\/algerias-sonatrach-partners-with-norways-ica-finance-to-slash-emissions\/","title":{"rendered":"Algeria\u2019s Sonatrach partners with Norway\u2019s ICA-Finance to slash emissions"},"content":{"rendered":"<p class=\"tag-border-left\">EMISSIONS-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Sonatrach inks MoU with Norway\u2019s ICA-Finance to reduce GHG emissions: <\/strong>Algeria\u2019s state-owned oil company Sonatrach and <a target=\"_blank\" href=\"https:\/\/www.ica-finance.com\/\" style=\"\" rel=\"noopener\">ICA-Finance<\/a>, a company specialized in helping oil producers reduce emissions, have signed an agreement to collaborate on reducing greenhouse gas emissions in Algeria\u2019s upstream oil and gas sector, according to a <a target=\"_blank\" href=\"https:\/\/www.ica-finance.com\/updates\/ica-finance-signs-and-mou-with-sonatrach-on-greenhouse-gas-emission-reduction-in-algeria\" style=\"\" rel=\"noopener\">press release<\/a>. The agreement is part of both companies' efforts to support Algeria's energy transition, focusing specifically on methane emission reduction and climate action. No further details were provided. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong style=\"background-color: transparent;\">Sonatrach has been making big moves:<\/strong><span style=\"background-color: transparent;\"> The company signed an MoU earlier this week with Germany\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/www.vng.de\/en\" rel=\"noopener\">VNG<\/a><span style=\"background-color: transparent;\">, Italy\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/www.snam.it\/it\/home.html\" rel=\"noopener\">Snam<\/a><span style=\"background-color: transparent;\"> and <\/span><a target=\"_blank\" href=\"https:\/\/www.sea-corridor.com\/en\" rel=\"noopener\">Sea Corridor<\/a><span style=\"background-color: transparent;\">, and Austria\u2019s <\/span><a target=\"_blank\" href=\"https:\/\/www.verbund.com\/en-at\" rel=\"noopener\">Verbund<\/a><span style=\"background-color: transparent;\"> to <\/span><a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/4f4fb3c4-5195-4f55-b4df-3fc0a8ac0e42\/%253cmark%253esonatrach%253c%2Fmark%253e-signs-mou-to-conduct-feasibility-studies-to-join-south2-corridor-project\" rel=\"noopener\">conduct feasibility studies<\/a><span style=\"background-color: transparent;\"> for the implementation of the SoutH2 Corridor pipeline. Sonatrach also signed an MoU with Mubadala-owned Spanish oil refiner <\/span><a target=\"_blank\" href=\"https:\/\/www.cepsa.com\/en\/the-company\" rel=\"noopener\">Cepsa<\/a><span style=\"background-color: transparent;\"> to jointly explore establishing a project to produce green hydrogen and its derivatives in Algeria.<\/span><\/p>\n<p class=\"tag-border-left\">BATTERY STORAGE-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Saudi <\/strong><strong>will get a new BESS manufacturing facility:<\/strong> China\u2019s <a target=\"_blank\" href=\"https:\/\/hithium.com\/\" style=\"\" rel=\"noopener\">Hithium<\/a><a target=\"_blank\" href=\"https:\/\/hithium.com\/\" style=\"\" rel=\"noopener\">Energy Storage<\/a><a target=\"_blank\" href=\"https:\/\/hithium.com\/\" style=\"\" rel=\"noopener\">Technology<\/a> and Saudi-based Manat have formed a JV \u2013 labeled Hithium Manat \u2013 to establish a battery energy storage system (BESS) manufacturing facility in Saudi, according to a <a target=\"_blank\" href=\"https:\/\/hithium.com\/en\/news\/hithium-plans-new-bess-production-facility-in-saudi-arabia-with-local-partner\" style=\"\" rel=\"noopener\">statement<\/a>. The facility will have a capacity of 5GWh annually. No timeline or financial details we disclosed for the project. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About their tech: <\/strong>Hithium\u2019s tech \u2013 which they displayed at Solar &amp; Storage Live KSA \u2013 is built for desert applications, the statement adds. It includes advanced sandstorm protection and high and low-temperature designs that support ultra-long discharge cycles of 12+ hours. The company said it customized this product line to suit the Middle East and Africa regions.<\/p>\n<p class=\"tag-border-left\">CLIMATE DIPLO-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Egypt <\/strong><strong>+ Netherlands partner on water management:<\/strong> Egypt and the Netherlands signed an MoU to enhance cooperation in water management and climate change adaptation, according to a <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/EgyptianCabinet\/posts\/pfbid02sKY6Gf3AtSYi8cTYAyuoaNLxpyD358N5dggnkGtZrNTitxQtTKur14APHMaumeBfl\" style=\"\" rel=\"noopener\">statement<\/a>. It focuses on leveraging technical, economic, and administrative capabilities from both government agencies and private sector companies. The agreement will include researching sand sources along the Nile Delta's maritime border and preparing feasibility studies for coastal replenishment strategies.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stories on our radar this morning from around the region<\/p>\n","protected":false},"author":1,"featured_media":87418,"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":[67],"tags":[41,66,166,155,11,159],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-87417","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-algeria","tag-also-on-our-radar","tag-bess","tag-emissions","tag-enterpriseclimate","tag-saudi-arabia","wpautop","entry"],"acf":{"mongo_id":"e13e75cb-2f02-4e95-93c2-c888a486e1b4","order":"7","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/10\/1435.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Algeria\u2019s Sonatrach partners with Norway\u2019s ICA-Finance to slash emissions","related_issue":[87405],"teaser":"Stories on our radar this morning from around the region","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/10\/.9fb8697c-47df-4750-aff6-3bb9dba13028.mp3"},"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>Algeria\u2019s Sonatrach partners with Norway\u2019s ICA-Finance to slash emissions - 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\/2024\/10\/17\/algerias-sonatrach-partners-with-norways-ica-finance-to-slash-emissions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Algeria\u2019s 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