The project’s financial closing, a joint venture with NEOM Co. and American industrial gas company Air Products, is slated to take place in the first half of next year, according to ACWA’s CEO. Last month, he told Arab News that the joint venture had recruited financial company Lazard to assist on the project.
According to the International Renewable Energy Agency (IRENA), renewable fuels should account for at least 70% of the sector’s energy mix by 2050.
Using the existing ammonia plant of the “Okio” group in Salalah, the “SalalaH2” project aims to produce up to one thousand tons of green ammonia per day.
A report issued by the Dubai Future Foundation in cooperation with the Ministry of Energy and Infrastructure, the Ministry of…
The Corporation aims to carry out this project as part of its global commitment to providing creative, long-term solutions for the water business.
Utico also stated it was quitting the Clean Coal Carbon Capture project it had signed with Shanghai Electric in 2014, for which it had acquired the Middle East’s first Federal Environmental Permit in 2016 done by TUV Nord, in a statement made during the ongoing WETEX and Dubai Solar Show.
The MoU signing, which took place under the auspices of Dr Mohammed bin Hamad al Rumhy, Minister of Energy and Minerals, builds on a historic deal signed last year at the SEZ in Duqm for the creation of a world-scale green hydrogen project known as HYPORT Duqm.
During his scheduled APPEC 2021 CEO conversation with S&P Global Platts Global Director of News Beth Evans, Coleman said, “The Qataris may move first — [riding on their] planned system, they can work on a government-to-government level [to] establish the infrastructure at both ends, supply and demand.”
Hydrogen is viewed as a possible low-carbon or zero-carbon fuel that can help us move away from fossil fuels, alongside renewable sources like solar and wind.
Kajiyama also noted that Japan and the UAE have agreed to collaborate on hydrogen projects and share information on the development of hydrogen supply chains.
