Author: Arnes Biogradlija

The Suez Canal Economic Zone (SCZone), which will receive investments totaling more than $1 billion, is the subject of a new investment initiative being looked into by the Qatar Investment Authority.

The EU initiative Global Gateway is essential to this. In order to assist these nations in facing global concerns like climate change, the EU plans to invest 300 billion euros in their infrastructure.

The facility will be a component of Neom, a city that was created from the ground up in the northwest desert with the goal of creating a new paradigm for sustainable living.

President Abdel Fattah El Sisi emphasized the need to continue bolstering efforts in collaboration with international expertise in green hydrogen energy generation using renewable energy.

An estimated 80 million euros will be invested in the plant, which is expected to begin producing the first systems in early 2024.

The overall objective is to rapidly increase the capacity for the secure generation of environmentally friendly hydrogen across the country.

Economic Council, wants the energy transition to move more quickly.

US Department of Energy is planning to distribute $7 billion under last year’s bipartisan infrastructure program, which may support around 10 regional clean hydrogen centers.

Saudi Energy Minister Prince Abdulaziz bin Salman bin Abdulaziz stressed the need of bolstering oil market stability.

Together with other collaborators, including 7th Generation Advisors, Accenture, Energy Independence Now, and Momentum, AltaSea conducted the study and wrote the white paper.