A UAE-Moroccan private venture led by Dahamco plans to invest $25 billion in a green hydrogen and ammonia project in Morocco. The project will be located in Dakhla, a city in the disputed Western Sahara region, with approvals already obtained from the Moroccan government. According to Dahamco President Tom Hanson, “phase one of the project is expected to cost approximately 40 billion Moroccan dirhams ($4.04 billion) and produce about one million tonnes of green hydrogen and ammonia per year.” Hanson confirmed in an interview with Le Matin that, “the necessary land rights and local authorizations were secured before Morocco introduced…
Author: Lakshita Kapoor
Abu Qir Fertilizers and Chemicals Company has announced the integration of green hydrogen into its production processes. This marks the first time an Egyptian fertilizer producer has partially replaced natural gas with green hydrogen. As part of the project, Abu Qir Fertilizers will utilize 50 tons of green hydrogen daily. This will increase the output of the Abu Qir Ammonia Plant (1) from 1,100 tons to 1,200 tons per day. Additionally, green hydrogen will replace a portion of the natural gas used in the Abu Qir Ammonia Plants (2) and (3). The project is expected to be completed within 12…
The Abu Dhabi Investment Office (ADIO) has entered into an agreement with Partanna, a climate-focused technology company from the Bahamas, to establish a manufacturing plant and regional headquarters in Abu Dhabi. The facility will focus on producing carbon-negative cement by using brine, a waste product from desalination plants, as a raw material. This approach replaces the carbon-intensive clinkering process used in traditional cement production. The cement made by Partanna not only avoids carbon dioxide emissions but also absorbs CO₂ from the atmosphere, turning concrete into a carbon sink. Cement production is responsible for around 9% of global CO₂ emissions, making…
Sustainability Forum Middle East (ME) has announced Foulath Holding as a partner for its third annual edition. The event is scheduled for January 28-29, 2025, in Bahrain. It will be held under the backing of Mohamed bin Mubarak Bin Daina, Bahrain’s Minister of Oil and Environment and Special Envoy for Climate Affairs. The Supreme Council for Environment is supporting the Forum. The Forum will focus on discussions related to climate and energy resilience. It will bring together over 400 participants, including policymakers, business leaders, and experts from various industries. The agenda aims to address the region’s efforts to transition toward…
ewpartners, an equity firm based in Riyadh, has announced a multimillion-dollar investment in a polysilicon project in Oman. The project, located in Sohar Freezone, is being developed by United Solar Polysilicon (FZC) SPC. The plant is expected to have a production capacity of 100,000 tonnes per year and will cost approximately $1.6 billion. The Oman Investment Authority (OIA) is backing the project through its Future Fund Oman (FFO) with a $156 million investment announced last month. The facility will produce polysilicon, a key material used in manufacturing solar cells and microchips, supporting renewable energy and technological growth in the region.…
Oman and Belgium have signed a Memorandum of Understanding (MoU) to collaborate on green hydrogen. The agreement was signed between Hydrogen Oman (Hydrom) and the Belgian Hydrogen Council (BHC). It aims to enhance cooperation across the hydrogen value chain and promote global hydrogen development. The MoU highlights Oman’s potential as a producer of green hydrogen and Belgium’s role as an industrial hub for hydrogen in Europe. The partnership is expected to improve energy security and support the development of a supply chain connecting hydrogen producers with international markets. The agreement builds on decades of bilateral relations between Oman and Belgium.…
Aramco, TotalEnergies, and the Saudi Investment Recycling Company (SIRC) have signed a Joint Development and Cost Sharing Agreement (JDCSA) to explore the possibility of building a Sustainable Aviation Fuel (SAF) production plant in Saudi Arabia. The project will focus on recycling local waste to produce cleaner fuel for aviation. The SAF plant, if developed, will be located in Saudi Arabia’s Eastern Province. The project will use waste materials like used cooking oils and animal fats as feedstock. The agreement was announced during the state visit of French President Emmanuel Macron to Saudi Arabia, underlining collaboration between the two nations. Amin…
The Future Minerals Forum (FMF) has released its latest report, shaping the future minerals. The report examines the global energy transition and highlights how the Middle East and surrounding regions can play a vital role in supplying critical minerals for renewable energy technologies. The report was developed with input from industry experts, including CRU, Wood Mackenzie, and Clareo-DPI. The report notes that global demand for critical minerals, such as copper, cobalt, lithium, and graphite, is increasing due to the rise of renewable energy projects, electric vehicles, and battery technologies. Meeting this demand will require $5.4 trillion in capital investment from…
National Finance, a finance company in Oman, is providing funds to Sheida Industries. Sheida Industries is the first company in Oman to manufacture solar panels. The funding helps the company buy raw materials needed for production. Sheida Industries is based in the Sohar Industrial Area. It operates in a facility that covers 11,250 square meters. The company aims to reduce Oman’s reliance on fossil fuels by producing solar panels. This is part of the country’s broader plan to adopt renewable energy. Oman’s government has set a target to generate 30% of its electricity from renewable sources by 2030. These initiatives…
FTXT Energy Technology, a subsidiary of China’s Great Wall Motor (GWM), has signed a Memorandum of Understanding (MoU) with an Oman company Synergy. The partnership aims to develop the hydrogen energy market in the Middle East. Under the MoU, both companies will work together on research, development, production, sales, and support services for hydrogen fuel cell commercial vehicles. This includes setting up technical support and after-sales service operations in Oman and other countries in the region. FTXT plans to use its expertise in hydrogen fuel cell technology to support Synergy with advanced hydrogen energy products and vehicles. Synergy will focus…