Masdar has entered into a Joint Study Agreement with Sarawak Energy and Gentari to evaluate the feasibility of a large-scale floating solar power plant at the Murum Hydroelectric Plant reservoir in Sarawak, Malaysia. This initiative represents a significant move towards enhancing renewable energy capacity in the state and aligns with Malaysia’s broader clean energy goals. […]
ArcelorMittal, the world’s second-largest steel producer, could potentially more than double its annual production in Ukraine, increasing output by at least 3 million metric tons if stability returns to the conflict-impacted region. Chief Financial Officer Genuino Christino shared this outlook during a quarterly investor call on Thursday. However, he did not specify the exact conditions […]
In a recent report on Reuters, they stated that Nippon Steel, Japan hopes to close a deal of $15 billion deal to buy US Steel before the Republican Leader Donald Trump Takes over the White House again in January. A senior executive explains that the acquisition is a core for future growth. However, as per […]
Europe’s natural gas generation and emissions, which were at their lowest in the first three quarters of 2024, are expected to rise significantly as winter arrives. From January to September, electricity production from coal and natural gas decreased by 7.5% compared to 2023, resulting in a 7% drop in power emissions to 928 million metric […]
China is advancing renewable energy initiatives in Africa, highlighted by the presence of a geothermal power plant in Kenya’s Great Rift Valley. The 35-megawatt Orpower 22 project, led by the state-owned company PowerChina and funded by the Chinese firm Kaishan Group for US$93 million, aims to boost Kenya’s geothermal energy output. President William Ruto announced that […]
According to the Ministry of Industry and Transport, the Egyptian Ministries of Agriculture and Industry have signed an agreement with the United Nations Industrial Development Organization (UNIDO) to launch the second phase of the Egyptian Cotton Project.The second phase aims to solidify the Egyptian cotton value chain’s environmental, economic, and social sustainability by boosting cotton […]
Over the next few years, Rieter, the Swiss leader in staple fibre yarn spinning technology, plans to establish cotton transformation plants across Africa, targeting a production volume of around 500,000 metric tonnes. This initiative is expected to create nearly half a million job opportunities.In partnership with Arise IIP and the African Export-Import Bank, Rieter will […]
