Argentina has taken a significant step towards diversifying its economy by joining the US-led Minerals Security Partnership (MSP), a global initiative aimed at reducing reliance on China for critical minerals. The announcement, expected during US Under Secretary of State Jose Fernandez’s visit to Argentina, underscores Argentina’s commitment to enhancing its role in the global supply
Magnom Properties, the real estate arm of Riyadh-based energy giant Rawabi Holding, plans to break ground early next year in Egypt’s new capital on a $1 billion, 50-storey office tower that aims to be the first of its kind to be powered by clean hydrogen. The sophisticated design and high price tag represent a bet
Fortescue Metals Group, one of Australia’s leading iron ore producers, has officially broken ground on its innovative Green Metal Project in the Pilbara region of Western Australia. This pioneering project is expected to commence production of green iron by 2025, marking a significant step forward in the global push towards sustainable and eco-friendly industrial practices.
Clearly, a climate intelligence platform using AI to provide fleet operators with unique and critical trip-level emission and energy insights, announced the close of its €3.9 million seed round. The round, led by Pace Ventures and Nine Realms, also saw participation from existing mobility investors Mobilion, Next Gear and M1720 alongside notable angels Lord Nash
Reliance Industries, India’s largest refiner, has resumed crude oil imports from Venezuela, utilizing a naphtha-for-crude swap arrangement. This strategic move comes after the company secured a U.S. license last month to re-engage in oil trade with the sanctioned South American nation. Under the terms of the deal, Reliance will supply naphtha, a refined petroleum product,
Axle Energy, an energy flexibility platform connecting distributed assets with energy markets, has raised €8.3 million in seed funding to accelerate its mission to decarbonise the grid. Accel led the round, with participation from existing investors Picus Capital and Eka Ventures. A number of notable angel investors also participated, including Amit Gudka (founder and CEO
In a groundbreaking discovery, the Massachusetts Institute of Technology (MIT) suggests that old soda cans and seawater could be the key to revolutionizing fuel production and creating a sustainable source of clean energy. MIT engineers have discovered that when pure aluminum from soda cans is exposed to seawater, it creates bubbles and naturally generates hydrogen.
China aims to cut carbon emission from its coal-fired power industry by launching low-carbon upgrades and applying new power generation technologies, according to a government plan. China, the world’s top energy consumer, relies largely on coal which is the most carbon-intensive source of energy. In an action plan jointly issued by the National Development and
Hamad International Airport (DOH) has partnered with Siemens to optimise its district cooling infrastructure, aimed to conserve and reduce energy consumption and support the airport’s growth plans. Completed in November 2023, the project is in line with Hamad International Airport’s environmental sustainability goals, which include reducing carbon efficiency by 30% by 2030. Hamad International Airport’s
The ‘Dubai Green Spine’ project, a vision to transform the Sheikh Mohammad Bin Zayed Road (E311) into a pioneering 64-km-long sustainable corridor, has been unveiled. Spearheaded by URB and developed by its ambitious research arm, EPIC Lab, this transformative project aligns with the Dubai 2040 Urban Master Plan. It aims to revolutionise urban mobility, elevate
