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According to the media, the world’s first hydrogen plant, Haru Oni, combines wind power, water, and CO2 to make e-methanol and ultimately electricity-based carbon-neutral gasoline. near the city of Punta Arenas in southern Chile.
According to the report, "The Line" city, located in a desert northwest of Saudi Arabia, will have no roads, cars, or emissions and will run on 100% renewable energy. It is a linear city that will be built on an area of just 34 square kilometres and intends to eventually accommodate over nine million people.
To increase capital for sustainably focused investments, First Abu Dhabi Bank announced a new initiative Tuesday, according to the press release.
NEOM Green Hydrogen Company (NGHC) has signed credit facility agreements with local, regional and international banks for its mega green hydrogen project in NEOM gigaproject, reported the media.
According to the media, Admiral Mobility, a subsidiary of US-based Admiral Corporation of America, is planning to set up a plant in the UAE to assemble electric vehicles, first e-trucks and later electric cars, in collaboration with China’s Geely Farizon Commercial Group.
On Tuesday Oman-based Islamic bank Sohar International announced that it has entered into a Memorandum of Understanding [MoU] with Australia-based Fortescue Future Industries [FFI], a global leader in developing green energy projects to support the company’s plans for the Sultanate, according to the report.
Saudi Electricity Company (SEC) has appointed WSP Middle East to support the Saudi stock exchange-listed utility in achieving compliance against applicable local and international environmental regulations as part of a major environmental compliance programme covering all its facilities across the Kingdom.
With harsh sanctions on Russia, resulting in an unstable supply and rising prices of its main sources of energy for EU countries European Bank for Reconstruction and Development [EBRD] reported that gas exporters in North Africa, namely Algeria, Egypt, and Libya, have become possible long-term solutions for Europe.
Following a vibrant 2022 that recorded a total deal value of USUS$23.8 billion, the Boston Consulting Group reported, that with ‘green’ M&A deals increasing from 5 percent in 2020 to 10.3 percent in 2021 suggesting that more dealmakers are recognising the value-creating potential of these transactions.
According to the Construction Week Middle East report, talks about Desert Board’s and As part of its contribution to the Middle East region’s sustainability and circular economy ambitions, Desert Board announced the arrival of Palm Strand Boards (PSBs).