{"id":88486,"date":"2024-12-09T00:00:00","date_gmt":"2024-12-09T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/"},"modified":"2024-12-09T00:00:00","modified_gmt":"2024-12-09T00:00:00","slug":"today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/","title":{"rendered":"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good morning, folks. <\/strong>It\u2019s another busy start to the week in our regional climate industry, with lots of updates to unpack this morning. We have a health check on Oman\u2019s OQBI IPO, some green financing news from Morocco, and the latest on Saudi\u2019s venture into solar-powered drones production. Let\u2019s jump right in.<\/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- There\u2019s no single story dominating the <\/strong><strong>headlines<\/strong>, but Goldman Sachs has removed itself from <a target=\"_blank\" href=\"https:\/\/www.unepfi.org\/net-zero-banking\/\" style=\"\" rel=\"noopener\">the Net-Zero Banking Alliance<\/a> (NZBA) which aims to align bank lending and investing with climate change mitigation efforts. The decision likely came due to pressure from US Republicans who criticize NZBA membership as a breach of anti-trust rules, but the bank did not confirm any particular reason for the exit and affirmed its still committed to its climate goals in a statement. The NZBA declined to comment to the press. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u201cIt\u2019s a shame to see leading institutions leave these alliances ... But it\u2019s important <\/strong><strong>to note they aren\u2019t repudiating their net zero commitments,\u201d<\/strong> UNEP Finance Initiative's former risk head told Bloomberg.<\/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> Goldman Sachs Asset Management <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-13\/goldman-investment-arm-joins-firms-quitting-major-climate-club\" style=\"\" rel=\"noopener\">withdrew<\/a> from Climate Action 100+, the world's largest climate alliance for investors <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-13\/goldman-investment-arm-joins-firms-quitting-major-climate-club\" style=\"\" rel=\"noopener\">in April<\/a> amid rising attacks from Republicans. The move followed similar defections by other major firms, including AllianceBernstein, JPMorgan Chase's asset management arm, and Pacific Investment Management Co. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER- An anti-ESG movement is growing in the US:<\/strong> In June, Republican lawmakers accused Wall Street of \u201ccolluding\u201d with climate advocacy groups and forming a <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f182cd2c-50b8-4846-bd57-ae58783292e9\/another-attack-on-corporate-climate-action-from-us-republicans\" style=\"\" rel=\"noopener\">\u201cclimate cartel\u201d<\/a> in their bid to shrink corporate America's emissions. Because of the anti-ESG campaign, big asset managers like BlackRock have scaled back their climate commitments. You can read more about the impact in our <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b46019be-ae7e-4b54-bba2-94e0cb539cc4\/new-deposits-in-esg-funds-plummeted-57%2525-y-o-y-in-2023,-here%25e2%2580%2599s-why\" style=\"\" rel=\"noopener\">deep-dive<\/a> into ESG divestment.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The story grabbed ink over the weekend in <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.reuters.com\/sustainability\/sustainable-finance-reporting\/goldman-sachs-quits-global-climate-coalition-banks-2024-12-06\/\" style=\"\" rel=\"noopener\">Reuters<\/a><\/strong><strong>, <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-06\/goldman-sachs-says-it-is-leaving-climate-alliance-for-banks?srnd=phx-green\" style=\"\" rel=\"noopener\">Bloomberg<\/a><\/strong><strong>, and <\/strong><strong><a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2024\/12\/06\/goldman-sachs-quits-global-climate-coalition-for-banks.html\" style=\"\" rel=\"noopener\">CNBC<\/a><\/strong><strong>.<\/strong><\/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\">HAPPENING THIS WEEK-<\/p>\n<p style=\"padding:0;line-height:1.15;margin-right:-9pt;margin-left:0;margin-top:0;orphans:2;margin-bottom:0;widows:2;text-align:left\"><strong>The <\/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> kicks off tomorrow in Abu Dhabi a<\/strong><strong>nd will run until <\/strong><strong>Thursday, 12 December.<\/strong> The conference 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. You can find the full program <a target=\"_blank\" href=\"https:\/\/www.mangroveconference.com\/en\/programme\/conference-programme\/\" style=\"\" rel=\"noopener\">here<\/a>.<\/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\">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- <\/strong><strong>VinFast\u2019s <\/strong><strong>new EV plant will begin production next year: <\/strong>VinFast Auto is set to commence operations at its new electric vehicle manufacturing plant in Vietnam's Ha Tinh province by July next year, the company told <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-12-08\/vinfast-s-new-ev-factory-to-start-operation-in-vietnam-by-july\" style=\"\" rel=\"noopener\">Bloomberg<\/a> in an email. The facility \u2014 which will focus on producing the VF 3 and VF 5 models \u2014 is expected to have an initial production capacity of 300k cars per year, with plans to double this target eventually. This new plant will be the company\u2019s fifth automobile assembly facility and will cater to domestic and international markets.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Some struggle: <\/strong>The company has high global ambitions, but faces strong competition from Chinese counterparts and other established producers. It scored a net loss of USD 741 mn in 2Q 2024, a big rise from its 2Q 2023 losses of about c. 528 mn, according to a <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-10-30\/vinfast-said-to-get-1-billion-funding-led-by-emirates-driving\" style=\"\" rel=\"noopener\">Bloomberg<\/a> report earlier this year. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Does the company have regional backing? <\/strong>A consortium led by Emirates Driving Co. has agreed to reportedly funnel at least <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/e8dd65c1-1a2a-48d2-a57e-bb06f1836ab3\" style=\"\" rel=\"noopener\">USD 1 bn<\/a> of funding into VinFast in October. The funding was reportedly part of an agreement the pair signed that month that included \u201cinvestment support,\u201d but the official <a target=\"_blank\" href=\"https:\/\/vinfastauto.us\/investor-relations\/news\/vingroup-vinfast-sign-strategic-partnerships-with-four-major-partners-in\" style=\"\" rel=\"noopener\">statement<\/a> did not mention an agreed financing figure. VinFast established its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/b422e7d3-35ae-442b-b353-263f11715ba6\" style=\"\" rel=\"noopener\">regional headquarters<\/a> in Dubai with assistance from the Dubai International Chamber as part of the Vietnamese company\u2019s global expansion strategy in June.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong><a id=\"wwtt3\"><\/a>#2-<\/strong> <strong>Saudi Arabia agrees to pay more for Kenyan carbon credits: <\/strong>Saudi Arabia has reportedly agreed to purchase carbon credits from Kenya at a rate of USD 8, up from a previous USD 3, <a target=\"_blank\" href=\"https:\/\/nation.africa\/kenya\/health\/saudi-arabia-buy-carbon-credits-kenya-against-recommended-price-4848408\" style=\"\" rel=\"noopener\">Nation Africa<\/a> reported on Friday, citing sources it says have knowledge of the matter. The new rate \u2014 negotiated on the sidelines of Riyadh\u2019s COP16 \u2014 would be part of carbon credit trades aimed at helping Kenya invest in land restoration and land degradation prevention.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The new rate is too low compared to those from the developed world, sparking <\/strong><strong>concerns over fairness, <\/strong>Nation Africa reports. The price is far below the average of USD 80 recommended by the World Bank and the rate of trades between developed countries, which stands at USD80-100, the World Economic Forum Managing Director Gim Huey Neo told Nation Africa. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- It is not the pair\u2019s first carbon credit collaboration: <\/strong>Saudi Arabia\u2019s PIF-backed Regional Voluntary Carbon Market Company (RVCMC) hosted <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/a86c6cf4-8b17-4320-a2af-33c23bf7d8ab\/saudi-companies-bid-big-at-rvcmc%25e2%2580%2599s-2-mn-carbon-credit-auction-in%253cmark%253e-kenya%253c%2Fmark%253e\" style=\"\" rel=\"noopener\">an auction in Nairobi<\/a> in June 2023, drawing big demand from over a dozen firms \u2014 a majority of which were Saudi Arabian firms \u2014 who bid on an available 2 mn tons of carbon credit. The auction saw a clearing price of SAR 23.50 (c. USD 6.25) per ton. On the auction\u2019s sidelines, the RVCMC signed <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/f64b3a62-1813-43d3-8a57-9d63ff264a14\/ksa%25e2%2580%2599s-rvcmc-signs-mous-with-eveready-ea,-carbon-vista-nigeria-for-carbon-projects\" style=\"\" rel=\"noopener\">an MoU<\/a> with Kenya\u2019s main dry cell battery maker Eveready East Africa to set up high-quality and impactful carbon projects in June 2023. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#3-<\/strong><strong> Jordan is looking to produce up to 600k tons<\/strong><strong> of green hydrogen per year by 2030, <\/strong><strong>and 3.4 mn tons by 2050 as it seeks to establish itself as a global player in the sector<\/strong>, <a target=\"_blank\" href=\"https:\/\/www.petra.gov.jo\/Include\/InnerPage.jsp?ID=66119&lang=en&name=en_news\" style=\"\" rel=\"noopener\">Petra<\/a> reported on Thursday, citing comments made by Jordan\u2019s Secretary General of the Ministry of Energy and Mineral Resources Amani Azzam at a ministerial meeting in Brussels. The kingdom also aims to increase solar and wind energy\u2019s share in the electricity mix from 27% to 30% by 2030 by increasing energy storage. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI- The country is laying the regulatory groundwork for these plans: <\/strong>A new electricity bill is <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/7609caf8-e65a-4dfb-8ec4-33b7605f4a2f\" style=\"\" rel=\"noopener\">currently advancing in Parliament<\/a> reportedly designed to attract significant investments in renewable energy, including green hydrogen.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Big hydrogen plans in play: <\/strong>Jordan <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/edb55fe2-987f-4bd8-9d1d-5274d7558491\/\" style=\"\" rel=\"noopener\">signed 14 MoUs<\/a> exploring green hydrogen and ammonia production projects, with the latest agreement signed last month with China\u2019s Hangzhou Huading New Energy (HD Solar) to conduct feasibility studies for a green hydrogen and green ammonia plant. Jordan Green Ammonia \u2014 a JV formed between Poland-based Hynfra and Jordan-based Fidelity Group \u2014 is also <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/ecddfce5-6e1f-46c3-b98f-41378c6f752f\/%253cmark%253ejordan%253c%2Fmark%253e-green-ammonia-signs-land-use-agreements-for-green-ammonia-plant\" style=\"\" rel=\"noopener\">building<\/a> a USD 1.6 bn green ammonia and hydrogen facility in the Aqaba Special Economic Zone, with a planned annual production capacity of 100k-200k and surplus export plans. <\/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>#4- Qatar lists green bonds on the London Stock Exchange:<\/strong> Qatar listed its inaugural USD 1 bn green bond issuance on the London Stock Exchange last Thursday to raise financing for green projects, according to a <a target=\"_blank\" href=\"https:\/\/x.com\/MoF_Qatar\/status\/1864689611219353886\" style=\"\" rel=\"noopener\">statement<\/a> released last week. The <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/99d08a65-9e2e-48b2-8023-d0d2f5054c7b\" style=\"\" rel=\"noopener\">blockbuster USD-denominated issuance<\/a> \u2014 its first foreign currency denominated bonds in the past four years \u2013 was 5.6x oversubscribed, pulling in <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/34146101-b214-4c92-ad11-a1d683dd4b83\/\" style=\"\" rel=\"noopener\">USD 14 bn worth orders<\/a> last May.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Not Qatar\u2019s only recent green bond:<\/strong> Qatar\u2019s Commercial Bank (PSQC) launched a debut <a target=\"_blank\" href=\"https:\/\/enterprise.news\/climate\/en\/news\/story\/9bc4fc18-7303-4272-aa19-7239398169f6\" style=\"\" rel=\"noopener\">three-year CHF-denominated green bond<\/a> in September. The issuance raised CHF 225 mn (c. USD 1.39 bn) at a coupon rate of 1.707% payable annually. The bond was initially priced at 130 basis points (bps) but was later tightened to 120 bps in response to high demand.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>#5- A new player in Egypt\u2019s renewables market? <\/strong>Egypt's infrastructure company <a target=\"_blank\" href=\"https:\/\/algammal-eg.com\/?page_id=11160\" style=\"\" rel=\"noopener\">Algammal<\/a><a target=\"_blank\" href=\"https:\/\/algammal-eg.com\/?page_id=11160\" style=\"\" rel=\"noopener\">for Contracting<\/a> is expanding operations across various sectors including renewable energy, the company\u2019s vice president Mohamed Farouk Hafeez told <a target=\"_blank\" href=\"https:\/\/www.dailynewsegypt.com\/2024\/12\/04\/algammal-for-contracting-expands-role-in-egypts-infrastructure-renewables\/\" style=\"\" rel=\"noopener\">Egypt Daily News<\/a> last week. Algammal plans to launch a dedicated renewable energy department by 4Q 2025, focusing on solar and wind power. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The company is also working on the Egypt-Saudi Arabia electricity <\/strong><strong>interconnection project, managing three critical work packages.<\/strong> These include the installation of submarine cables, civil works using advanced techniques like tunnel boring, and directional horizontal drilling. It\u2019s also gearing up to establish three industrial complexes in Saudi Arabia, Libya, and Iraq, Hafeez told EnterpriseAM <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04d3b562-2468-4af7-b51e-10d351979ab8\" style=\"\" rel=\"noopener\">last month<\/a>.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>About the group:<\/strong> Founded in 2003, Algammal initially started its journey with subcontracting for electrical infrastructure projects. Over time, the group expanded into general contracting. By 2008, the company entered the pipes and electrical networks sectors as a certified subcontractor for major contractors, evolving into a prominent general contractor for infrastructure, electrical networks, industrial projects, commercial buildings, and housing projects. The group currently has a branch in Libya and opened its latest branch in Saudi Arabia eight months ago as part of a regional expansion push. <\/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;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","protected":false},"excerpt":{"rendered":"<p>What we\u2019re tracking this morning regionally and around the world<\/p>\n","protected":false},"author":1,"featured_media":88487,"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":[275,53,98,40,11,64,39,93,194,163,88,159,52,43],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-88486","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-today","tag-biofuels","tag-capital-markets","tag-carbon-markets","tag-egypt","tag-enterpriseclimate","tag-evs","tag-green-hydrogen","tag-jordan","tag-lucid-motors","tag-qatar","tag-renewables","tag-saudi-arabia","tag-uae","tag-what-were-tracking-today","wpautop","entry"],"acf":{"mongo_id":"48b45a56-1248-4ddb-a3d7-1362a11b5bfc","order":"2","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/12\/785.jpg","photo_position":"above","homepage_title":"","full_issue_title":"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi","related_issue":[88484],"teaser":"What we\u2019re tracking this morning regionally and around the world","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.59743249-4c39-4edd-8f90-3de5cf65f173.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>TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi - 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\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi\" \/>\n<meta property=\"og:description\" content=\"What we\u2019re tracking this morning regionally and around the world\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/\" \/>\n<meta property=\"og:site_name\" content=\"Climate\" \/>\n<meta property=\"article:published_time\" content=\"2024-12-09T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"8 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi\",\"datePublished\":\"2024-12-09T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/\"},\"wordCount\":1677,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1\",\"keywords\":[\"biofuels\",\"CAPITAL MARKETS\",\"carbon markets\",\"Egypt\",\"EnterpriseClimate\",\"EVs\",\"green hydrogen\",\"Jordan\",\"Lucid Motors\",\"Qatar\",\"renewables\",\"Saudi Arabia\",\"UAE\",\"WHAT WE\u2019RE TRACKING TODAY\"],\"articleSection\":[\"WHAT WE\u2019RE TRACKING TODAY\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/\",\"url\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/\",\"name\":\"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi - Climate\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1\",\"datePublished\":\"2024-12-09T00:00:00+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage\",\"url\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1\",\"contentUrl\":\"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/enterpriseam.com\/climate\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#website\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"name\":\"Climate\",\"description\":\"The State of the Nation\",\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#organization\",\"name\":\"Climate\",\"url\":\"https:\/\/enterpriseam.com\/climate\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ent.news\/internal\/25470.svg\",\"contentUrl\":\"https:\/\/ent.news\/internal\/25470.svg\",\"caption\":\"Climate\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\",\"name\":\"enterpriseam admin\",\"sameAs\":[\"http:\/\/enterpriseam.testing.projectsarea.com\"],\"url\":\"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi - Climate","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/","og_locale":"en_US","og_type":"article","og_title":"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi","og_description":"What we\u2019re tracking this morning regionally and around the world","og_url":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/","og_site_name":"Climate","article_published_time":"2024-12-09T00:00:00+00:00","og_image":[{"url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1","type":"","width":"","height":""}],"author":"enterpriseam admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"enterpriseam admin","Est. reading time":"8 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#article","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/"},"author":{"name":"enterpriseam admin","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d"},"headline":"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi","datePublished":"2024-12-09T00:00:00+00:00","mainEntityOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/"},"wordCount":1677,"publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1","keywords":["biofuels","CAPITAL MARKETS","carbon markets","Egypt","EnterpriseClimate","EVs","green hydrogen","Jordan","Lucid Motors","Qatar","renewables","Saudi Arabia","UAE","WHAT WE\u2019RE TRACKING TODAY"],"articleSection":["WHAT WE\u2019RE TRACKING TODAY"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/","url":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/","name":"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi - Climate","isPartOf":{"@id":"https:\/\/enterpriseam.com\/climate\/#website"},"primaryImageOfPage":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage"},"thumbnailUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1","datePublished":"2024-12-09T00:00:00+00:00","breadcrumb":{"@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#primaryimage","url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1","contentUrl":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1"},{"@type":"BreadcrumbList","@id":"https:\/\/enterpriseam.com\/climate\/2024\/12\/09\/today-oq-ipos-methanol-unit-solar-powered-drones-are-landing-in-saudi\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/enterpriseam.com\/climate\/"},{"@type":"ListItem","position":2,"name":"TODAY: OQ IPOs methanol unit + Solar-powered drones are landing in Saudi"}]},{"@type":"WebSite","@id":"https:\/\/enterpriseam.com\/climate\/#website","url":"https:\/\/enterpriseam.com\/climate\/","name":"Climate","description":"The State of the Nation","publisher":{"@id":"https:\/\/enterpriseam.com\/climate\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/enterpriseam.com\/climate\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/enterpriseam.com\/climate\/#organization","name":"Climate","url":"https:\/\/enterpriseam.com\/climate\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/","url":"https:\/\/ent.news\/internal\/25470.svg","contentUrl":"https:\/\/ent.news\/internal\/25470.svg","caption":"Climate"},"image":{"@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/enterpriseam.com\/climate\/#\/schema\/person\/ca597032db7e4db868359c123cec256d","name":"enterpriseam admin","sameAs":["http:\/\/enterpriseam.testing.projectsarea.com"],"url":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"}]}},"featured_image_src":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?resize=600%2C400&ssl=1","featured_image_src_square":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?resize=600%2C600&ssl=1","author_info":{"display_name":"enterpriseam admin","author_link":"https:\/\/enterpriseam.com\/climate\/author\/enterpriseam\/"},"jetpack_featured_media_url":"https:\/\/i0.wp.com\/ent.news\/2024\/12\/785.jpg?fit=%2C&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[],"jetpack_shortlink":"https:\/\/wp.me\/pgVl2y-n1c","_links":{"self":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/88486","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/comments?post=88486"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/posts\/88486\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/issue\/88484"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media\/88487"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/media?parent=88486"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/categories?post=88486"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/tags?post=88486"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/brand?post=88486"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/climate\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=88486"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}