Sustainability UAE to get first lithium battery recycling plant By Pramod Kumar December 13, 2024, 11:02 AM Unsplash.com The UAE's first lithium battery recycling plant is expected to save an estimated 20,000 tonnes of greenhouse gas emissions each year The UAE’s first lithium battery recycling plant will become fully operational by the second quarter of 2027. The facility, a collaboration with state-backed Kezad Group and Witthal Gulf Industries, a unit of Singapore-based Witthal Group of Companies, will have the capacity to recycle 5,000 tonnes of battery waste annually by 2027. The plant is expected to save an estimated 20,000 tonnes of greenhouse gas emissions each year and aligns with the UAE’s Net Zero by 2050 goals and its Circular Economy Policy 2021-2031. The facility will support the electric vehicle (EV) ecosystem by enabling renewable energy storage, reducing the carbon footprint of battery manufacturing and promoting advanced carbon capture technologies and material recovery methods. Abu Dhabi plans lithium plant to support EV growth UAE considers a tax on packaging to fund recycling Adnoc Distribution targets 200 EV stations this year Sugumaran Devaraja, advisor, Witthal Gulf Industries, said the company is already involved in the battery trade segment and the supply materials that go into battery manufacturing. He said that this project would accelerate the growth of the EV sector. In May, UAEV, a joint venture between the Ministry of Energy and Infrastructure and Etihad Water and Electricity, announced plans to build a network of high-performance EV chargers across the seven emirates. Earlier this year, Californian commercial EV manufacturer HummingbirdEV said it intends to establish a micro-factory in the UAE.
Real Estate ‘Safe’ Sharjah attracts Kuwaiti investors to $950m project The emirate of Sharjah has been praised as “safe and business-friendly” by a Kuwaiti developer who has formed a partnership to develop a AED3.5 billion ($950 million) housing project in its burgeoning local property market. Talal Al-Bahar, vice-chairman and CEO of Kuwait Real Estate Company (Aqarat), said that investors were attracted to Sharjah because of […] 23 hours ago
Aviation Riyadh Air delays launch after Boeing setbacks Riyadh Air has been forced to push back its launch date to the third quarter of 2025 after delays to deliveries from Boeing. The new Saudi airline had been scheduled to begin flying early this year. It is a blow to Saudi Arabia’s tourism ambitions to attract 150 million visits a year. Riyadh Air was founded […] 23 hours ago
Tech KKR signs a $5bn Gulf data centre deal in Dubai KKR, the American investment giant, and the data centre platform Gulf Data Hub (GDH), based in Dubai, have signed a strategic partnership to invest $5 billion in data centres serving the Gulf. A joint press release on Friday said that funds “affiliated with KKR” will also acquire a stake in GDH, although it did not […] 1 day ago
Real Estate Eagle Hills plans Trump hotel project with Kushner The Abu Dhabi-based developer Eagle Hills and Affinity Partners, an investment firm founded by Donald Trump’s son-in-law, Jared Kushner, have agreed to build a luxury hotel and apartment complex in Serbia’s capital, Belgrade. The project, on the site of the former Yugoslav defence ministry, will feature a 175-room Trump hotel as its centrepiece, and 1,500 […] 1 day ago