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natural gas

General Content / 07 June 2024

ENGIE Mexico signs agreement to promote biomethane projects in Nuevo Leon

ENGIE Mexico has announced the signing of a collaboration agreement with the Agency for the Promotion and Use of Renewable Energies of the Government of the State of Nuevo Leon, with the French Embassy represented by Consul Guillaume Pierre as a witness of honour. The objective of this agreement is to promote the development of biomethane projects in the region, as part of ENGIE Mexico's commitment to decarbonisation and energy transition. ENGIE Mexico's biomethane projects will take advantage of organic waste generated by various activities, including agriculture, livestock, landfills and the food industry, to produce biogas, which can then be converted into biomethane.

green hydrogen

General Content / 06 June 2024

Black & Veatch to undertake feasibility study for green hydrogen in Malaysia

Global construction and engineering company, Black & Veatch on Wednesday (June 5) announced that it has been chosen to study green hydrogen commercialization pathways and infrastructure development to advance energy transition in Malaysia. B&V has been appointed by Malaysian energy companies Tenaga Nasional Berhad (TNB) and the national oil & gas company of Malaysia, Petroliam Nasional Berhad (PETRONAS) to conduct the feasibility study. The objective of the feasibility study by B&V is to validate the findings of a joint feasibility study conducted by TNB and PETRONAS to develop hydrogen in Malaysia and provide strategic, technical, and commercial insights on the generation, transportation, distribution, and demand of green hydrogen.

green hydrogen

General Content / 04 June 2024

Saudi Arabia's ACWA Power signs deal for 2 GW green hydrogen capacity in Tunisia

Saudi green hydrogen developer ACWA Power has signed a memorandum of understanding with Tunisia to develop a multi-gigawatt green hydrogen project that will export output to Europe. Under the agreement, signed between ACWA Power's CEO, Marco Arcelli and Tunisia's Minister of Industry, Mines and Energy Fatma Thabet Chiboub, ACWA Power will produce up to 600,000 tonnes of green hydrogen per year in the North African nation over three phases. The company will also develop and acquire 12 GW of renewable energy generation capacity. The company will set up 2 GW of hydrogen production capacity as part of the project's first phase. The phase will produce 200,000 tonnes of hydrogen a year that will be sent through the SoutH2 Corridor, which will connect Tunisia with Italy, Austria and Germany and open by 2030.

renewable energy

General Content / 03 June 2024

South Korea unveils energy transition plan: 3x increase in wind, solar to 72 GW by 2038

"South Korea has announced plans to more than triple renewable energy generation as part of national energy transition plan that will see the country generate majority of its electricity from carbon-free energy sources by 2038. Renewable sources such as wind and solar, coupled with nuclear power, will account for 70 percent of power generation by 2038, up from less than 40 percent in 2023, according to the country's draft blueprint. The country will more than triple its solar and wind power output to 72 GW by 2030 from 23 GW in 2022, while sticking to its plan to add four nuclear plants by 2038, taking the total number to 30. The plan, which is pending government approval and finalization, forecasts power generation capacity of 157.8 GW in 2038 from 134.5 GW in 2022. In a statement, the industry ministry said South Korea's energy consumption was expected to increase because of expansion in data centers and large chip-production bases, which would help it meet demand from artificial intelligence. "

finance

General Content / 03 June 2024

Germany’s KfW to loan OCP EUR 200 mn for green projects

Morocco's phosphates and fertilizers producer OCP has secured a EUR 200 mn loan from the German Development Bank (KfW) to reduce water use and expand renewables production, according to a statement released on Friday. The funds will support sustainable fertilizer production and global food security in efforts to mitigate the impacts of climate change in the country. EUR 150 mn of the loan will go to projects that will help OCP achieve 100% non-conventional water use in industrial operations by 2024, the statement added. The remaining EUR 50 mn will go towards setting up 5 GW of clean energy by 2027 to help power operations and increase the firm’s production of green fertilizers. The decarbonization plans aim to help OCP achieve carbon neutrality for Scope 1 and 2 emissions by 2030, and Scope 3 by 2040.

clean energy

General Content / 31 May 2024

GPS Renewables Partners With Dubai-Based SAF One To Develop SAF Projects In India

"GPS Renewables, India’s premier full stack technology and engineering company dedicated to clean fuels, has partnered with Dubai-based SAF One, a platform focused on the development of global sustainable aviation fuel solutions, for the construction and development of sustainable aviation fuel projects in India. As a part of this partnership, GPS’ project platform, ARYA, along with SAF One, will co-develop a 20 to 30 million litres per year sustainable aviation fuel (SAF) facility using lignocellulosic waste feedstock (residual dry plant matter)."

renewable energy

General Content / 29 May 2024

MINEM signed a cooperation agreement with the Korea Energy Agency

The Ministry of Energy and Mines (MINEM) signed a Memorandum of Understanding with the Energy Agency of the Republic of Korea (KEA), with the objective of promoting and developing cooperation between both institutions in matters of efficiency energy, renewable energy, electric vehicles, green hydrogen, technological innovation and climate change. The scope of cooperation includes the transfer of technology and technical assistance, as well as system supervision and monitoring of programs, projects or activities, strengthening cooperative relations between both parties and achieving their growth and development.

methanol

General Content / 28 May 2024

AD Ports, Transmar, and Orascom Sign MoU for the Development of a Green Methanol Facility in Egypt

AD Ports Group, a facilitator of global trade, logistics and industry, Transmar, a leading container shipping line and terminal operator in the MENA region, and Orascom Construction, a leading global engineering and construction contractor with a strong track record in the construction and development of infrastructure industrial projects, have signed an MoU for the development of a green methanol storage and export facility. This facility will aim to supply low-carbon fuel for maritime transport, presenting an opportunity to establish clean alternative energy storage solutions globally. The addition of a facility in this area will provide bunkering solutions for those mainliners who have ordered green methanol powered vessels and is aligned with AD Ports Group’s overall decarbonisation strategy and expansion into clean energy liquid bulk storage.