UAE, US companies to jointly explore conversion of waste to alternative fuels
US-based carbon capture and transformation firm LanzaTech NZ (LanzaTech) and Abu Dhabi Waste Management Company (Tadweer) will jointly explore business opportunities to develop a large-scale conversion plant for transforming solid municipal waste into sustainable alternative fuel or clean energy. The collaboration further advances the US and UAE’s Partnership for Accelerating Clean Energy (PACE) and provides a […]
Climate-controlled 93-km cycle track announced for Dubai
Dubai will have a 93-km “climate-controlled” cycle highway called The Loop as part of aims to make cycling and walking to work possible for 80% of residents’ by 2040. The project was unveiled by Dubai-based sustainable developer URB, which said the cycle and walking route will have a “climate controlled all-year environment” to make walking […]
UAE’s ADNOC to pilot carbon mineralising project in Fujairah
Abu Dhabi National Oil Company (ADNOC) has partnered with Fujairah Natural Resources Corporation (FNRC), Abu Dhabi Future Energy Company (Masdar) and Omani environmental organization 44.01 to pilot technology that permanently mineralises carbon dioxide (CO2) within rock formations found in Fujairah. The project, set to begin this month, will use 44.01’s Earthshot prize-winning Carbon Capture […]
Abu Dhabi’s TAQA, ADNOC, and Mubadala become shareholders in Masdar
Abu Dhabi National Energy Company (TAQA) paid $1.02 billion in cash for its stake in Abu Dhabi Future Energy Company (Masdar), following an agreement to become a shareholder alongside Abu Dhabi National Oil Company (ADNOC) and Mubadala Investment Company in the clean energy company. TAQA said in a statement on Thursday that the transaction, which […]
AMEA Power signs $1.1bln green energy projects in Egypt
Dubai-based AMEA Power, a leading renewable energy company in the Middle East, has achieved the financial close to deliver 500MW wind and 500MW solar projects representing $1.1 billion of investment in Egypt. The deal takes the company’s clean energy portfolio to 2GW in the country. AMEA Power will develop, own and operate the 500MW solar […]
Dubai’s Majid Al Futtaim closes $1.25bln loan to back ESG ambitions
Shopping malls operator Majid Al Futtaim (MAF) has secured a $1.25 billion sustainability-linked loan (SLL) to support its environmental, social and governance (ESG) ambitions. The second SLL in many years has already been successfully closed with First Abu Dhabi Bank (FAB) leading the transaction as coordinator and agent, the company said in a statement on […]
Rebound Plastic Exchange to support GCC to combat waste
Rebound Plastic Exchange, a global B2B digital trading platform for recycled plastics, is ready to support GCC, which generates about 130 million tonnes of waste per annum, to achieve sustainable waste management. Currently, it is estimated that it will take $60-85 billion invested across four key value streams, plastic, concrete and cement, metal, and bio-waste […]
e& and Ericsson partner to build more sustainable future networks
e& (formerly known as Etisalat Group) and Ericsson will explore initiatives aimed at reducing energy consumption and building more efficient and sustainable future networks. For this they have signed a Memorandum of Understanding (MoU) on the sidelines of the 27th Conference of the Parties of the UNFCCC (COP27) in Egypt. The three-year partnership […]
Etihad, Cepsa partner for decarbonisation of air transport
Etihad Airways, the national airline of the UAE, has signed an agreement with Cepsa, a Mubadala group company, to accelerate the decarbonization of air transport by researching and producing sustainable aviation fuels (SAF). The sustainable fuels will be produced from circular raw materials that do not compete with food resources, such as used […]
UAE: World needs maximum energy with minimum emissions, says minister
Maximum energy with minimum emissions can ensure global energy security, an Emirati minister said during the 38th edition of the Abu Dhabi International Petroleum Exhibition Conference (ADIPEC) 2022. Dr Sultan Ahmed Al Jaber, Minister of Industry and Advanced Technology noted that the conference comes at a “pivotal” moment. “The solutions we agree on and the […]