Pharaonic Petroleum reaches output targets
Pharaonic Petroleum Company exceeded production targets for FY 2024/2025, achieving 117 per cent of its plan by…
Browsing Tag
CO2 emissions
EBRD backs Africa’s largest wind farm in Egypt
The European Bank for Reconstruction and Development (EBRD) has arranged a $275 million syndicated loan to support…
Egypt inaugurates 500-mw solar power plant in Kom Ombo
Egypt’s Prime Minister Moustafa Madbouly inaugurated the 500-megawatt Abydos 1 Solar Power Plant in Kom Ombo.
Italy secures €500m loan from EIB, Enel
The European Investment Bank (EIB) and Enel Group’s E-Distribuzione have signed the first €250 million tranche of a…
EU approves €128m aid for SSAB’s green transition
The European Commission has approved a €128 million Swedish measure to support SSAB in transitioning its steel…
Japan’s Mitsui starts building ammonia plant in UAE
Mitsui & Co. has started building a new ammonia production facility in the UAE with ADNOC.
Itochu set to establish global low-carbon iron supply
Itochu, a Japanese trading house, is set to establish a global supply chain for reduced iron, a low-carbon steel…
Global climate goals hinges on China- German minister
German Economy Minister Robert Habeck stated on Sunday that China is crucial for reaching global climate goals and…
Germany approves carbon transport, storage proposals
Germany's cabinet has greenlit a draft bill to permit carbon dioxide capture and storage (CCS) for select…
ArcelorMittal, MHI operate pilot carbon capture unit in Belgium
ArcelorMittal, Mitsubishi Heavy Industries (MHI), and partners announced on Tuesday the start of a pilot carbon…
Japan’s Kobe steel mulls electric arc furnace in Kakogawa
Kobe Steel, Japan’s third-largest steelmaker, plans to build a large electric arc furnace in Kakogawa, Reuters…
Global cement sector faces urgent calls for policy change to curb emissions
Global cement sector in developing countries faces urgent calls for innovation and policy changes to address its…
Climate complacency endangers eurozone banks – ECB
The European Central Bank (ECB) stated on Tuesday that most large European banks are not adapting their operations…
Germany’s CO2 drop in 2023, lowest in 70 years
Germany’s carbon dioxide emissions in 2023 reached their lowest point since the 1950s due to a decrease in…
Aramco, ENOWA sign deal to produce e-fuel demonstration plant
Saudi Arabia oil giant Aramco signed a joint development agreement with ENOWA, NEOM’s energy and water company, to…
EGYPES 2024 to introduce the region’s first CLIMATECH Challenge
Egypt announced on Monday it will launch the region’s first CLIMATECH Challenge at the seventh edition of the Egypt…
Aramco to sign deal for low-carbon hydrogen production plant
Saudi Arabia's Aramco is planning to sign a deal with Danish decarbonisation company Topsoe to build a…
Net-zero emissions can be reached by 2050 – IEA report
A new report by the International Energy Agency (IEA) showed on Tuesday that achieving the net zero emissions…
Renewable energy saves $520 billion globally in 2022 – report
The renewable power deployed globally around $520 billion in fuel costs last year, owing to the rapid expansion of…
Jetex attempts making private jets greener
Jetex, the aviation company, is seeking to make private jets go greener by reducing carbon emissions by 2050.
Etihad Airways reduces carbon emissions by 26% per RTK
UAE's Etihad Airways has reduced its carbon emissions per Revenue Tonne Kilometer (RTK) in 2022 by 26 percent, to…
Belgium offers to buy EU real estate worth €1bln
Belgian government and the European Commission have been discussing a real estate purchase worth €1 billion for…
Germany sees progress in EU ban on fossil fuel cars
The German Ministry of Transport said on Monday that talks with the European Commission to end production of…
Mercedes to invest billions in EV Plants
Mercedes is set to invest billions of dollars on Electric Vehicles plants in China, Germany, and Hungary in the…
Carbon dioxide emissions reach highest record in 2022
International Energy Agency (IEA) analysis published on Thursday shows that communities have emitted more carbon…
CEMEX Egypt announces its milestone achievements in 2022
CEMEX Egypt the largest companies operating in the sustainable construction sector in the Egyptian market has…
U.S. climate envoy Kerry joins forces with Michael Bloomberg to help cities cut emissions
U.S. Billionaire businessman Michael Bloomberg, the U.S. state department, and U.S. climate envoy John Kerry…
COP27 Egypt: Who’s attending?
The 27th UN Climate Change Conference (COP27) will kick off on Sunday, with world leaders arriving in Egypt to…
Germany launches $92m world’s first hydrogen-powered trains
Germany has launched the world's first passenger train network powered by hydrogen with investments reached 93…
EDF to pave way for COP27 in Egypt
Thoughts leaders in various fields and industries will assemble at the Environment and Development Forum (EDF) that…