In April, Egyptian entities and the United Arab Emirates' (UAE) Masdar, a leading clean energy company, signed two Memorandums of Understanding (MoUs) regarding the construction of a green hydrogen production plant in the Southern Cataract Zone (SCZONE) and a second plant on Egypt's Mediterranean coast. By 2030, the group hopes to have built electrolyzers with a capacity of 4 GW, producing as much as 480,000 tonnes of green hydrogen annually.
Five companies from across the value chain (BASF, Thyssenkrupp, OMV, DLR, and ASG) are collaborating on the Methanol-to-SAF project (M2SAF) with the intention of creating a novel process technology that will allow for the selective production of SAF that can be used as a drop-in fuel at concentrations of up to 100%.
A survey of the 2,200 exhibitors at ADIPEC 2022, which took place in Abu Dhabi from October 31st to November 3rd, found that the event generated an estimated USD8.2 billion in business for the exhibitors. ADIPEC 2022 brought together some of the best minds in the energy markets around the world to address critical issues facing the energy sector, such as the trilemma of security, affordability, and sustainability of energy supply.
Continuing its tradition as a producer of poultry and other meat products and a franchisor of food brands, Tanmiah Food Company has announced the introduction of the next iteration of the Omnipreneurship Awards Sustainability Challenge. The winner will receive $1,000,000, and the top five finalists will each receive $20,000 each.
King Abdullah University of Science and Technology (KAUST), a graduate research university in Saudi Arabia, is pleased to announce that it has signed a new contract with Averda, the leading end-to-end waste management and recycling company in emerging markets, for a waste management facility and services that will provide sustainable waste management solutions for the University, with zero-waste goals projected by 2025. Averda will handle the collection, transportation, and disposal of all solid and hazardous waste.