TOKYO-based Mitsui & Co. started construction of an ammonia plant in the United Arab Emirates (UAE) with their Abu Dhabi National Oil Company (ADNOC) unit, as their partner. The move comes as the Japanese trading house steps up its efforts to build global supply chains of greener fuels such as hydrogen and ammonia to help advance energy transition and tackle climate change. Mitsui has also signed a loan agreement with the Japan Bank for International Cooperation (JBIC) to finance the development of the project, it said in a statement. Mitsui’s partners are TA’ZIZ, which is owned by ADNOC, Fertiglobe, and…
Author: Chitrika
Saudi Arabia has a strategy to reach net zero by 2060 and is relying on modern, highly efficient gas-fired power plants in combination with CO2 capture and storage, to significantly reduce its emissions. Siemens Energy is supplying key power plant technologies that will provide almost 4 gigawatts to the Kingdom, and in addition has also entered into a long-term maintenance contract for 25 years for the two power plants, with a total value of US $1.5 billion. Taiba 2 and Qassim 2, two of the world’s largest, modern, and efficient combined-cycle power plants, will be built in the western and…
The World Bank has announced US$700 million in Development Policy Financing (DPF) for the Government of Egypt to support the country’s shift toward more private sector participation, better macroeconomic and fiscal resilience, and a greener growth trajectory.The “Generating Resilience, Opportunities, And Welfare for a Thriving Egypt” DPF is designed to help Egypt address short-term economic challenges while advancing the next generation of structural reforms to level the playing field to unleash private sector growth; build macroeconomic and fiscal resilience; and facilitate Egypt’s green transition, including by scaling up renewable energy and increasing efficiency in the electricity, water and sanitation sectors.Minister…
Startup Nation Central, Ignite the Spark, and the Israel Export Institute have introduced the Israel Energy Tech Landscape Map 2024. This map, launched in Tel Aviv, highlights over 160 leading companies within Israel’s energy tech sector, out of a total of more than 300 firms. The map reveals significant investments in the sector, with $403 million raised over the past year in 54 funding rounds. Eleven of these rounds exceeded $10 million, including the largest at $105 million. Early-stage and growth companies make up 60% of the ecosystem, while 40% are in late-stage or mature phases. Interestingly, 70% of these…
Israeli Ministry of Energy and Infrastructure recently announced a strategic plan for energy transition from traditional fossil fuels to biological, synthetic, and hydrogen fuels by 2050.The plan was undertaken to adapt the country’s economic growth to global climatic requirements and modernization, Xinhua news agency reported, citing a statement issued by the ministry on Sunday.Under the comprehensive plan, Israel will ensure reliable fuel supply to every economic sector, enhance emergency preparedness in fuel supply, and promote the production and broader application of green fuels.These goals would be aligned with the Israeli government’s carbon reduction targets and expected changes in the country’s…
Chinese PV cell maker Hainan Drinda New Energy Technology Co., Ltd. is planning to build a factory for the production of up to 10 GW of TOPcon solar photovoltaic (PV) cells annually in Oman as the Sultanate aims to become a major green hydrogen producer. The solar cell manufacturer has signed a preliminary agreement with the Oman Investment Authority (OIA) for the project which will require about USD 700 million (EUR 653.3m) in investments. The production capacity will be deployed in two phases, each of 5 GW, Hainan Drinda said in a filing to the stock market. Hainan Drinda’s project…
JGC Holdings Corporation announced that JGC Corporation in partnership with Technip Energies and NMDC Energy, was awarded a contract by ADNOC for the engineering, procurement, and construction (EPC) of the lower-carbon Ruwais LNG project, located in Al Ruwais Industrial City, Abu Dhabi.The project will consist of two natural gas liquefaction trains with a total LNG production capacity of 9.6 Mtpa (1). The plant in Abu Dhabi will use electric-driven motors instead of conventional gas turbines and will be powered by clean energy.The plant is set to be the first LNG export facility in the Middle East and North Africa (MENA)…
Oman Electricity Transmission Company (OETC), the operator of the country’s national grid, has lined up a portfolio of as many as 41 projects for implementation across Oman over the 2024 – 2028 timeframe as part of its mandate to develop and strengthen the capabilities of the grid.Distributed across the Main Interconnected System (MIS) and Dhofar System, the large majority of the projects are “designed to increase the transmission system capacity to meet the future growth in demand, connect new generations, connect new rural areas, and meet the Transmission Security Standard”, said Eng Saleh bin Nasser al Rumhi, CEO – OETC.The…
Oman is all set to link 2,670 megawatts (MW) of solar and wind power to electricity grid by 2027, according to Oman Electricity Transmission Company (OETC) latest Annual Transmission Capability Statement. OETC released its Five-Year Annual Transmission Capability Statement (2024-2028) on Tuesday. The various projects and their grid connection timelines are listed below: The 1,000 MW Solar PV IPP (Independent Power Project) in Manah is expected to be energised by the second quarter of 2025. The power line and other infrastructure for connecting it to the transmission grid is expected to be completed by the second quarter of 2024. The…
Parties comprising OQ Alternative Energy (OQAE) – an OQ Group company, Dutco, Sumitomo Corporation Middle East FZE, Automobili Lamborghini SpA, and Airbus have formed the OSCAR (Oman Sustainable Cars and Aviation Refuelling) consortium to study the potential of Oman for the production of e-gasoline and e-SAF (Sustainable Aviation Fuels).The concept study will explore the production of e-fuels (E-SAF and E-Gasoline) in Oman on a pilot scale with the possibility to scale it up to a commercial-size project at a later stage by identifying the most appropriate pathway for production from qualifying hydrogen and CO2 sources.The joint study agreement was signed,…