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Maersk, Egyptian authorities sign partnership agreement to explore large-scale green fuel production in Egypt

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In the presence of the Egyptian Prime Minister, a Memorandum of Understanding (MoU) was signed on Monday in a joint bid to further accelerate the supply of green fuels and the global transformation to net-zero shipping. —Ayman Soliman, CEO of The Sovereign Fund of Egypt.

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BNEF: cost of new renewables rises as inflation starts to bite

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The cheapest renewable power projects in the first half of 2022 were able to achieve an LCOE of $19/MWh, as in best-in-class onshore wind farms in Brazil, and $21/MWh for tracking PV farms in Chile, and $57/MWh for offshore wind in Denmark. These cost hikes mark a rough patch for renewables, but not an inflection point.

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AFRY, RINA study points to feasibility and attractiveness of Gulf-to-Europe hydrogen pipeline

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With abundant renewable energy sources (RES) and natural gas reserves, the Gulf region is set to become a leading global producer of green and blue hydrogen, ammonia and other synthesis products. The results suggest a transformative opportunity to unlock the Gulf’s potential as a cost-effective source of low-carbon hydrogen for Europe.

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T&E: Europe burns 19 million bottles of sunflower and rapeseed oil every day in cars

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Russia’s blockade of Ukrainian food exports is putting considerable pressure on supplies and, in turn, prices which are up to two and half times higher than previous years. T&E previously reported that Europe burns 10,000 tonnes of wheat in its cars every day, piling pressure on countries such as Egypt which are heavily reliant on imports.

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Chip Fabs Go Green

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At this week's COP27 climate conference in Egypt , attendees will have a new group to contend with: an alliance of more than 60 companies involved in the electronics supply chain. The aim is to reduce greenhouse gas emissions "throughout the electronics value chain," according to SEMI.

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Fusion Fuel Green partners with CCC to develop green hydrogen demonstrator plants in Middle East

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Commenting on the news, Richard Thompson, Editorial Director at MEED, part of GlobalData, said: For nearly a century, the Gulf’s abundant supplies of accessible hydrocarbons has put it at the center of a gas-guzzling global economy. Territories that were largely desert in the middle of the 20th century are now thriving oil economies.

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Total to acquire Engie’s upstream LNG business, becoming 2nd largest global LNG player

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In addition, in parallel with this transaction, Total and Engie agreed to cooperate to promote the use of biogas and renewable hydrogen, with Engie becoming Total’s priority supplier in this field. Following the transaction, Total will take over the teams in charge of the LNG activities at Engie, which represents around 180 employees.

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