International investors eye lithium mining in Argentina

Lithium mining has become a central element in several countries’ strategy to transition from fossil fuels to renewable energy. Saudi investors are aware of Argentina’s major role in this respect. Earlier this month, a delegation from the Saudi Energy Ministry visited the province of Catamarca, in the extreme north of Argentina, in order to discuss

India, Saudi Arabia sign hydrogen agreement

India and Saudi Arabia have agreed to jointly develop electrical interconnections and low-carbon hydrogen. The Indian government said the two sides aim to establish a general framework for cooperation in the field of co-production of green/clean hydrogen and renewable energy. The MoU was signed in Riyadh, Saudi Arabia by union minister for power and new

India, Saudi Arabia sign MoU on green hydrogen

India and Saudi Arabia have signed a Memorandum of Understanding (MoU) for grid interconnections, green/clean hydrogen, and the supply chain for the same. The MoU was signed by the union minister for power and new & renewable energy, R K Singh, and the minister of energy, Government of Saudi Arabia, Abdulaziz bin Salman Al-Saud on

Saudi Arabia’s $2.6 bn mining decarbonization deal

At the end of July, a $2.6 billion deal with Brazil’s biggest miner, Vale SA, gave Saudi Arabia a 10 percent interest in mines from Canada to Indonesia that produce copper, nickel and other industrial metals — all critical materials needed to help the world decarbonize. The deal set the stage for a landmark shift

Gulf countries now betting big on green hydrogen

After riding a fossil-fuel boom for decades, Gulf Arab states are eyeing “green” hydrogen as they try to transition their economies and ease the climate crisis at a stroke. Oil producers Saudi Arabia, the United Arab Emirates and Oman are investing heavily in the climate-friendly fuel in a search for alternative revenues to crude and

Saudi Arabia to introduce hydrogen for transportation

By mid-2024, the company will be making hydrogen for vehicles such as buses and trucks. A larger plant, focusing on exports, is also being developed.

ACWA Power commences work on world’s largest green hydrogen project

ACWA Power and its partners have begun the construction work at the world’s largest green hydrogen project in NEOM. The plant will need around 4.3 GW of clean energy to power it, and ACWA plans to use solar during the day and wind at night to eliminate the need for batteries and expensive storage solutions.

L&T from India is front runner for NEOM’s renewable facilities contract

According to MEED, India’s Larsen & Toubro is believed to has been selected to build solar and wind plants for supplying electricity to the city’s $6.4-billion green hydrogen-based ammonia plant at OXAGON industrial zone for Saudi Arabia’s NEOM Green Hydrogen Co. L&T, along with Energy China and Power China, has submitted a proposal for an

Refineries in Europe look for alternative crude supplies

Refineries in Europe are looking for alternative crude supplies as they shun Russian imports following Moscow’s invasion of Ukraine. Poland’s PKN Orlen is ramping up crude oil deliveries from Saudi Arabia and spot North Sea crude purchases following Russia’s invasion of Ukraine. “PKN Orlen reached an agreement on increased deliveries of five additional tankers from

Green hydrogen project construction to begin soon in Saudi Arabia

Work is to begin this month on a $5bn project to produce green hydrogen at Saudi Arabia’s futuristic Neom mega-development. When complete in 2026, the plant will be the world’s biggest producer of hydrogen from renewable sources. The plant is being built by Pennsylvanian company Air Products, which agreed a deal for the scheme in