Renewable Energy Iraq to issue first licence for blue ammonia plant By Pramod Kumar August 29, 2024, 6:35 AM Unsplash.com/Maksym Kaharlytskyi The approval comes after Iraq's oil ministry confirmed gas supply of necessary to operate the blue ammonia plant Iraq will soon issue a license to build its first blue ammonia plant, in an attempt to cut the country’s carbon footprint. The National Investment Commission (NIC), which is entrusted with drawing foreign investments in the country, is working on completing the requirements to grant an investment license for the plant in the Basra region, the state-run Iraq News Agency reported, quoting NIC spokesperson Hanan Jassim. The oil ministry has confirmed the necessary gas supply to operate the plant, she said. NewsletterGet the Best of AGBI delivered straight to your inbox every week However, further details on the project were not given. In May, Iraq launched its first five-year climate investment plan, designed to attract investments and foster a safe and secure environment for foreign and local investors. In February, Iraq’s oil minister, Hayan Abdel Ghani, unveiled plans for a green hydrogen project for the South Refineries Company, including a 130 megawatt solar energy plant. Second phase of Jordan-Iraq power link to be ready in 2025 Opec quotas force Iraq, Russia and Kazakhstan oil cuts Iraq resumes talks to join World Trade Organization Opec’s second-largest crude oil producer after Saudi Arabia, Iraq intends to generate around 10 gigawatts of green power by 2025. This would amount to a third of its electricity mix. In July, Saudi Arabia’s energy ministry approved feedstock for Sabic Agri-Nutrients’ new blue ammonia plant. The facility in Jubail Industrial City will produce 1.2 million metric tonnes per annum (mmtpa) of low-carbon blue ammonia and 1.1 mmtpa of urea and specialised agri-nutrients. The hydrogen rainbow Green hydrogen is produced on a carbon-neutral basis through water electrolysis. Turquoise hydrogen is created when natural gas is broken down into hydrogen and solid carbon with the help of methane pyrolysis. Blue hydrogen is generated from the steam reduction of natural gas. Grey hydrogen is obtained by steam reforming fossil fuels such as natural gas or coal. Sometimes other colours are ascribed to hydrogen, based on how it is produced. For red, pink and violet hydrogen, the electrolysers are driven by nuclear power. Yellow hydrogen is hydrogen produced from a mixture of renewable energies and fossil fuels. White hydrogen is a waste product of other chemical processes, while the use of coal as a fuel produces brown hydrogen.
Logistics Shipping giants not yet ready to resume Red Sea route Two shipping giants said on Friday that they are in no rush to resume routes through the Suez Canal after a Yemeni militia announced earlier this week it will scale back hostilities against vessels transiting through the Gulf of Aden and Red Sea if the ceasefire in Gaza holds. Danish shipper Maersk and Abu Dhabi […] 4 hours ago
Tech Foreign data centres will be secure, promises Saudi minister A regulatory framework to protect foreign-owned data centres set up in Saudi Arabia is being planned that will treat them in a similar way to embassies, as the kingdom seeks to become a global destination for the industry. The Saudi finance minister, Mohammed Al-Jadaan, speaking at the World Economic Forum in Davos, outlined the country’s […] 3 hours ago
Food & Drink Americana acquires Pizza Hut business in Oman Americana Restaurants, the largest food service business in the Mena region, has acquired the Pizza Hut brand in Oman from the Khimji Ramdas Group. The restaurant operator said the acquisition includes 46 Pizza Hut restaurants which had an annual revenue of approximately $11 million in 2024. The additional outlets increase its Pizza Hut restaurants across […] 3 hours ago
Business of Sport NBA’s LeBron James joins PIF-backed electric raceboat series Lebron James, the NBA basketball star, has signed up as team owner in the UIM E1 World Championship, the all-electric raceboat series. James was named as owner of Team AlUla, named after the ancient oasis city in Saudi Arabia, ahead of the start of the 2025 season on Saturday in Jeddah. The championship, now in […] 2 hours ago