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Week In Middle East: UAE, Jordan, And Israel Collaborates For RE Projects; Plug Power To Deliver Green Hydrogen Plant To Egypt; And More

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UAE, Jordan, And Israel Collaborates For Renewable Energy Projects

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The governments of Jordan, Israel, and the United Arab Emirates (UAE) signs a landmark declaration of intent to build renewable electricity and water desalination capacity and address the threat posed by climate change on energy and water security in the region. Feasibility studies for the project are due to start in 2022. Israel is targeting 30 percent of its energy coming from renewable sources by 2030, up from a previous target of 17 percent, as it looks to achieve net-zero carbon emissions in the energy sector by 2050. Jordan is the second most water-scarce country in the world, with annual renewable water resources of just 80 cubic meters per person, significantly below the threshold of 500 cubic meters per person which defines severe water scarcity.

Plug Power To Deliver Green Hydrogen Plant To Egypt

OCI N.V. announces that Fertiglobe, the strategic partnership between OCI and the Abu Dhabi National Oil Company (ADNOC), with its partners Scatec ASA, the Sovereign Fund of Egypt, and Orascom Construction, has selected Plug Power Inc., a leading provider of turnkey hydrogen solutions for the global green hydrogen economy, as the technology provider for a 100 megawatts electrolyzer to produce green hydrogen as feedstock for up to 90,000 tons of green ammonia production at EBIC in Ain Sokhna, Egypt. The 100 MW PEM (Polymer Electrolyte Membrane) electrolyzer will be the largest independently owned facility globally when it comes online and is the first phase in Fertiglobe’s green ammonia strategy. 

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Saudi Arabia To Establish World’s Largest Floating Industrial Complex With 100% RE

His Royal Highness Mohammed bin Salman, Crown Prince and Chairman of the NEOM Company Board of Directors announced the establishment of OXAGON, forming the next phase of NEOM’s master plan and representing a radical new model for future manufacturing centers, based on NEOM’s strategies of redefining the way humanity lives and works in the future. OXAGON will innovate to create a truly circular economy with a collaborative environment built around research and innovation: OXAGON’s innovation campus will host the Education, Research, and Innovation (ERI) ecosystem to rival established global centers. OXAGON will welcome its first manufacturing tenants at the beginning of 2022.

UAE And France To Work Together For RE And Hydrogen Projects

Bruno Le Maire, the French finance minister said that France and the United Arab Emirates (UAE) will work together on new projects in the hydrogen fuel and renewables energy sector. Investment and economic cooperation are required to boost France’s economy after being affected by the pandemic. Investment in renewable energy is important today and for the coming future. The finance minister was supposed to meet Mubadala’s head, ADQ’s head, and ADNOC’s head. Recently, ADNOC and Abu Dhabi National Energy Company PJSC (TAQA) launches a new global renewable energy and green hydrogen venture in the presence of His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Member of the Abu Dhabi Executive Council, Chairman of the Abu Dhabi Executive Office, and Chairman of the Executive Committee of the Board of Directors of Abu Dhabi National Oil Company (ADNOC).

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OQ Signs MoU With Kogas Tech For Green Hydrogen

OQ Group has signed a memorandum of understanding (MoU) with Kogas Tech to explore hydrogen-related opportunities. OQ Group is an Oman-based company that is an energy company. Kogas Tech is a South Korea-based tech company. The deal was signed by the CEO of Kogas Tech, Yong-Don, and the CEO of OQ, Talal Hamid Al Oufi. Oman has an abundance of wind and solar energy resources which makes it one of the best nations to generate green hydrogen. OQ is considering alternative energy and is collaborating with industry leaders in exploring potential. The partnership with Kogas Tech is another milestone achieved by the company which will help in future development in Oman for green hydrogen.

Jordan Partners With Fortescue Future Industries For Green Hydrogen Production

Fortescue Future Industries (FFI) and the Kingdom of Jordan are partnering to conduct studies with a view to developing green hydrogen production through potential large-scale wind and solar energy production facilities. The partnership between Jordan and FFI is the first step in establishing the country’s first-ever production of green hydrogen and green ammonia and will position Jordan to become a future leader in renewable energy production. FFI is a global green energy company that is committed to producing zero-emission green hydrogen from 100 percent renewable sources. A developer and financier, FFI invests in and plans to build zero-emission resources to produce renewable energy.

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ACCIONA To Build The Jubail 3b Desalination Plant In Saudi Arabia

ACCIONA will undertake the construction of the Jubail 3B desalination plant together with its partner SEPCOIII. Its capacity of 570,000 m3/day will supply 2 million people in the cities of Riyadh and Qassim. ACCIONA and its partner are the main EPC contractors in the project, which will be developed and financed by a consortium consisting of ENGIE, NESMA, and AJLAN for the publicly-owned Saudi Water Partnership Company (SWCP). SWPC has announced the financial closure of the project, which is estimated at the US $ 692 million (€ 612 million). The entry into service of the plant is planned for Q1 2024, and it will be handed over under a 25-year BOO (Build-Own-Operate) agreement.

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