Browsing: Middle east

Dr. Sultan Al Jaber, the President-Delegate of COP28, reaffirmed the need for a significant overhaul of climate finance and international financial institutions (IFIs) during the G77 + China Ministers and High Authorities of Environment, Science, Technology, and Innovation meeting in Havana.

The United Arab Emirates (UAE) is positioning itself to be a major player in the global shift toward renewable energy and green hydrogen.

In a recent cabinet meeting chaired by His Highness Sheikh Mohammed bin Rashid Al Maktoum, the UAE Cabinet made significant strides towards the country’s development and sustainability goals.

With six green hydrogen projects in the pipeline, valued at over $20 billion, Oman is geared up to transform its energy landscape and make a significant contribution to global carbon emission reduction.

Jordan is poised to unveil a new strategy for green hydrogen projects as part of its ambitious renewable energy vision aimed at reducing dependence on conventional energy sources.

Belgium-based company DEME and Muscat-headquartered integrated energy group OQ are embarking on an extensive engineering endeavor for the Hyport Duqm project in Oman, which aims to establish a green hydrogen and ammonia facility.

A consortium led by Posco Holdings, a prominent Korean company, has emerged victorious in a deal to build the world’s largest hydrogen plant in Duqm, Oman. The deal marks a significant win for the global hydrogen industry and a leap forward in the push for sustainable energy.

PV Hardware (PVH) and Larsen & Toubro (L&T) have inked a contract aiming to revolutionize the renewable energy sector by developing the world’s largest hydrogen plant powered entirely by renewable energy.

Abu Dhabi-based AL Fattan Holding Investment has announced a significant investment of $20 million in a green hydrogen and ammonia manufacturing business. The investment will be made in collaboration with LTechUVC, a Korean energy company, and aims to establish a 200 MW green hydrogen and ammonia production project in Abu Dhabi with a total project cost of $400 million.

Turkmenistan, known for its vast oil and gas reserves, is open to considering Hungary’s proposals for hydrogen production from natural gas. President Serdar Berdimuhamedov expressed this view during a meeting with Hungarian Prime Minister Viktor Orban in Ashgabat, according to official sources.