#Decarbonisation

Saudi Arabia acquires stake in critical metals mining company Vale SA

Manara Minerals to get stake in Vale as Saudi Arabia moves in on critical metals

The question of who controls the critical metals needed to both sustain and decarbonise the world’s economies has turned into a global flashpoint

ADNOC L&S reports net profit in H1 2023

UAE’s ADNOC partners with Occidental to explore CCU investments

The partnership will assess the joint development of direct air-capture plants in the UAE that can absorb carbon dioxide out of the sky

ADNOC updates carbon emission target to 2045

UAE’s ADNOC sets ambitious emission target ahead of COP28

The company’s ambitious emissions target makes it the first in its peer group to accelerate its net zero target to 2045

Mubadala Energy and Masdar Collaborate on Decarbonization and Energy Transition Initiatives image Mubadala Energy

Mubadala Energy, Masdar to collaborate on decarbonisation projects

The companies will look at developing technical solutions to decarbonise or improve the energy efficiency of upstream oil and gas assets among other initiatives

RENEWABLE ENERGY

EWEC meets 80% of Abu Dhabi power demand with renewable sources for first time

EWEC is accelerating the implementation of Abu Dhabi’s energy transition to reduce reliance on hydrocarbons and meet its energy demand through renewable sources

EGA decarbonisation drive

EGA joins Australia’s HILT CRC to advance decarbonisation goals

The UAE firm is the first HILT CRC industry partner with operations entirely outside Australia

The UAE and France to jointly focus on decarbonisation of hta industries

UAE, France to jointly focus on decarbonisation of hard-to-abate industries

The bilateral initiative, which will officially launched during COP28, will focus on low-carbon hydrogen and sustainable fuel production and their respective value chains

e& sets net zero target for 2030

UAE’s e& commits to net-zero operations by 2030

The company will accelerate the de-carbonisation of activities while focusing on mobile network modernisation with the deployment of the latest generation of energy-efficient radio equipment

Nicholas Ball of Xfuel

Insights: Why advanced fuels can drive decarbonisation

Advanced biofuels, made from plant-based waste material, can help cut carbon emissions in aviation and maritime sectors

energy agreement

UAE and Germany sign new energy agreement

The agreement will accelerate projects of joint interest in areas of energy security, decarbonisation and climate action

Mubadala Energy gas field (Pegaga) in Malaysia

Mubadala Petroleum rebrands as Mubadala Energy

Mubadala Energy will expand across the gas value chain, while exploring investment opportunities in new energy sectors such as blue hydrogen and carbon capture

Abu Dhabi Fertiglobe

Abu Dhabi’s Fertiglobe delivers revenue growth of 105% to $1.471bn

The fertiliser company, a joint venture between ADNOC and OCI, reported that its free cash flow increased to $789m in Q2 2022 from $328m in Q2 2021

K Line Shipping ties up with EGA to decarbonise bulk cargo shipping

Emirates Global Aluminium, Kawasaki Kisen Kaisha partner to decarbonise bulk cargo shipping

The partnership will involve the development and implementation of new marine decarbonisation technologies suitable for EGA’s bulk cargo shipping routes

Cartlow

UAE’s reverse logistics platform Cartlow secures $18m funding

The investment will provide the company with the ability to further expand its operations and services in Saudi Arabia and the UAE

Abu Dhabi’s ADNOC, Taqa announce $3.6bn project to decarbonise offshore operations

The project is expected to reduce the carbon footprint of ADNOC’s offshore operations by more than 30 per cent

Sheikh Khaled bin Mohamed launches clean energy partnership between ADNOC, EWEC

The partnership will see up to 100 per cent of ADNOC’s grid power supplied by EWEC’s nuclear and solar clean energy sources

Unit 1 of UAE’s Barakah nuclear energy plant achieves 100% power capacity

The Barakah Nuclear Energy Plant is the largest source of clean baseload electricity in the country