CAIRO: Egypt will have its first green hydrogen production plant up and running next November, Arab News quoted Ayman Soliman, CEO of Egypt’s Sovereign Fund, as saying. This comes in accordance with the agreement signed last October with the Norwegian Scatec alliance, Fertiglobe, and the Emirati Abu Dhabi National Oil Company, where quantities of 50 to 100 … Read more
RIYADH: The Abu Dhabi Chemicals Derivatives Company, TA’ZIZ, has signed an agreement worth around 3 billion dirham ($800 million) to facilitate projects in the chemical industry with eight UAE-based investors, Arab News reported. The investors will take a stake of up to 20 percent in a portfolio of chemicals projects worth 15 billion dirhams alongside the Abu … Read more
ROME: The owners of the Borouge polyolefin plant in the UAE have signed a $3.5 billion contract to extend the site, which will make it the biggest plastics plant of its kind in the world, Arab News reported. Italian oil and gas engineer Maire Tecnimont has been awarded the contract to work on the Borouge 4 facility, … Read more
