Monday 23 May 2022

Adani secures $2bn Abu Dhabi investment for green energy projects

Abu Dhabi-based strategic investment company, International Holding Company (IHC), today (May 17) announced the completion of a AED7.3 billion ($2 billion) investment transaction in the Adani Portfolio companies - Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL) and Adani E


IHC invests $2bn in three Adani Group firms

Abu Dhabi-based global strategic investment company, International Holding Company (IHC), announced today the completion of a AED7.3 billion ($2 billion) investment transaction in the Adani portfolio companies, Adani Green Energy Limited (AGEL), Adani Transmission Limited (ATL) and Adani Ente


GE to launch new renewable energy digital suite

GE has announced the launch of Lifespan, a new digital product portfolio enabling customers to optimize renewable asset performance and operations across their fleet. The Lifespan suite of products are fully integrated, technology agnostic, and were designed side-by-side with ope


Imerys, Yellow Door Energy to install solar panels at Bahrain plant

Imerys, a world leader in mineral-based specialty solutions for industries, has joined hands with Yellow Door Energy, a leading sustainable provider for businesses in the region, to install over 8,500 solar panels at its white-fused alumina production plant in Bahrain.  &nbs


Alba awards EPC contract for new block at Power Station 5

Aluminium Bahrain (Alba), the world’s largest aluminium smelter ex-China, has awarded a full turnkey contract for a fourth additional block at its Power Station 5 to a consortium of Sepco III and Mitsubishi Power, a power solution brand of Mitsubishi Heavy Industries (MHI).


Al-Ruwaigh named new CEO of Apicorp

Amidst shifts in the energy and finance sectors, the Arab Petroleum Investments Corporation (Apicorp), a multilateral financial institution, has appointed Khalid bin Ali Al-Ruwaigh as its new CEO.    Al-Ruwaigh takes over from Dr Ahmed Ali Attiga, who led t


GPCA Plastics Conference in Saudi Arabia for first time

Saudi Arabia will host the 11th edition of the Gulf Petrochemicals and Chemicals Association Plastics Conference for the first time, attracting senior industry leaders to discuss the future of plastics in the Gulf region and beyond.    The conference at the


Sabic launches resin made with ocean-bound plastic waste

Sabic, a global leader in the chemical industry, has launched LNP Elcrin WF0061BiQ resin, a novel material that uses ocean-bound polyethylene terephthalate (PET) bottles as a feed stream for chemical upcycling into polybutylene terephthalate (PBT) resin. Ocean-bound plastic is mi


Adani buys Swiss cement giant Holcim’s India assets for $10.5bn

Asia's richest man Gautam Adani's group on Sunday said it has clinched a deal to acquire a controlling stake in Swiss cement major Holcim's businesses in India for $10.5 billion, thus marking its entry into the cement sector, reported Press Trust of India. &n


McDermott wins Feed contract for Adnoc's LNG project in Fujairah

McDermott International, a leading engineering, procurement, construction and installation (EPCI) company, has been awarded a front-end engineering and design contract by Abu Dhabi National Oil Company (Adnoc) for its new, carbon-efficient liquefied natural gas (LNG) plant located in the nort

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