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Aramco Stellantis

Aramco and Dutch car maker make low-carbon fuel

Saudi oil major Aramco and Dutch car maker Stellantis have developed an e-fuel that will work without modifications in the engines of some 24 million vehicles already on European roads and using conventional petrol.  Recent tests showed the low-carbon fuel could reduce carbon dioxide emissions from existing internal combustion vehicles by at least 70 percent, […]

hydrogen fuel cell

UK company strikes Mideast deal for hydrogen generators

UK hydrogen fuel cell company AFC Energy has signed an agreement with a leading Saudi marketer to sell its hydrogen generators in the Middle East and Central Asia. The deal gives Saudi Arabia’s The Machinery Group (Tamgo) exclusive rights to market AFC Energy’s alternative to diesel-powered generators in 16 countries including Saudi Arabia, United Arab […]

green hydrogen oman

Oman takes green hydrogen gamble

Sometimes it takes a country. Oman is dedicating an area the size of Slovakia to solar power projects to produce green hydrogen – gas produced entirely from renewable sources. On June 1 Salim bin Nasser Al Aufi, minister of energy and minerals, signed $20 billion of contracts with partners including BP, Shell and the newly […]

QIA buys $500m stake in Adani’s green energy firm 

India’s Adani Group has raised $500 million by selling a part of its holdings in Adani Green Energy Limited to investors, including INQ Holding, a wholly owned unit of Qatar Investment Authority (QIA). The stake sale by Indian billionaire Gautam Adani aims to reduce promoter-level debt and release stock pledges.  Infinite Trade and Investment sold 42.6 million […]

Engie wind farm in Egypt

France’s Engie ramps up Middle East renewables push

French utilities firm Engie is closing in on several opportunities in the Middle East as it looks to the region to help it hit targets to double renewables generation to 80 gigawatts by 2030.   “We are trying to identify the best geographies for renewables and clearly the Middle East is one of those,” said Frédéric Claux, […]

Gulf carbon capture

Gulf must ‘bridge gap’ between oil and renewables

GCC oil producers will play a crucial role in the global transition to a lower carbon future if they can help bridge the historic disconnect between hydrocarbons and clean energy. That is according to Joseph McMonigle, secretary general of the International Energy Forum (IEF), a Riyadh-headquartered think tank. “There is growing recognition that the oil […]

Acwa Power CEO Marco Arcelli says it is the 'only company in the world that is a leader' in renewables, desalination and green hydrogen

Acwa Power bids to turbocharge Saudi’s green targets

When it comes to the green transition, Saudi Arabia has got some catching up to do. The country is targeting a 50-50 split in electricity generation between renewables and gas by 2030, but in 2021 just 0.2 percent of electricity came from renewable sources. To achieve this Vision 2030 goal, the country has tasked its […]

The deal with Acme Group boosts Oman's aim to become the Middle East's largest exporter of hydrogen

India’s Acme secures funding for Oman hydrogen project

Indian renewable energy company Acme Group has secured a loan of $490 million to finance a green hydrogen and ammonia project in Oman. The funding will come from Rec Limited, one of India’s largest green infrastructure financial institutions, and will be used for the first phase of the project. The facility will be established at […]

Suhail bin Mohammed Al Mazrouei, energy and infrastructure minister, said the hydrogen strategy would be a 'crucial tool' to help the UAE reach net zero by 2050

Green for go: UAE’s long-term plan for hydrogen

The UAE has unveiled its national hydrogen strategy as analysts predict that GCC members can play a key role as exporters. The blueprint for hydrogen is a “long-term plan to turn the UAE into a leading and reliable producer and supplier of low-carbon hydrogen by 2031”, according to Suhail bin Mohammed Al Mazrouei, minister of […]

Saudi Arabia hydrogen

PIF and Japan’s Jera explore green hydrogen projects

Saudi Arabia’s Public Investment Fund (PIF) and Japanese energy company Jera Co. have signed a memorandum of understanding (MoU) to explore the development of green hydrogen projects and derivatives.  The MoU allows the two companies to commence the necessary studies for projects in Saudi Arabia to support domestic and international markets. Jera established Jera Middle […]

Inpex Masdar Abu Dhabi

Masdar and Adnoc agree trio of green hydrogen deals

Abu Dhabi renewable energy company Masdar has agreed a deal with two Japanese energy and chemicals firms to explore production of commercial-scale polypropylene made from carbon dioxide and green hydrogen in the UAE.  Masdar has teamed up with Japan’s Mitsubishi Chemical Group Corporation and Inpex Corporation, a Japanese oil and gas company. They have signed […]

Cop28 Action Plan Dr Sultan Al Jaber

Cop28 action plan unveiled by Al Jaber

With the world in the grip of extreme weather events, Cop28 president-designate Sultan Al Jaber has announced a four-pillar climate action plan ahead of the forthcoming summit. The UAE’s climate envoy went on to issue a rallying cry to delegates to build the “energy system of the future”. “We need everyone to play their part […]

Electrical Device, Solar Panels, Person

‘A long way to go’ to reduce the Gulf’s carbon emissions

As some of the world’s largest emitters of carbon dioxide, big exporters of hydrocarbons and beneficiaries of high per capita incomes, the spotlight is on the Gulf states’ efforts to reduce their carbon emissions. Expectations are high – and likely to become higher – as the UAE prepares to host Cop28 in November. “There is […]

Frédéric Claux, Engie’s managing director of flexible generation and retail for Asia Pacific, Middle East and Africa

PIF and Engie to collaborate on green hydrogen 

French utilities firm Engie and Saudi Arabia’s Public Investment Fund have signed an initial agreement to develop green hydrogen projects in the kingdom, building on Gulf ambitions to become a world leader in the fast-growing renewable energy segment. Under the memorandum of understanding signed this week, Engie and PIF will explore opportunities to jointly develop […]

People, Person, Blazer

Pakistan looks to UAE for trade deals, not loan debts

The UAE confirmed late on Wednesday it has deposited $1 billion in Pakistan’s central bank, a day after Saudi Arabia also transferred $2 billion. In addition to direct funding, the Islamabad government is aiming to attract multi-billion dollar investments from the UAE and other Gulf countries to create millions of new jobs after struggling with […]

Sheikh Mohammed and the rest of the UAE cabinet approved the national hydrogen strategy

UAE pledges $54bn for renewable energy

The UAE has vowed to treble its renewable energy investment over the next seven years, investing up to AED200 billion ($54 billion) as climate experts warn the world is losing the race to reduce global warming. The Emirati cabinet – chaired by Sheikh Mohammed bin Rashid Al Maktoum, the UAE prime minister and ruler of […]