Shell Qatar makes breakthrough in green hydrogen production tech.
Shell Qatar makes green hydrogen from wastewater: The Shell Qatar Research and Technology Centre has successfully produced green hydrogen from wastewater through its HyPEC project, according to The Peninsula. The project — which is supported by the Qatar National Research Fund and is in collaboration with Texas A&M University at Qatar and India’s National Chemical Laboratories — has developed a prototype chemical reactor at the Qatar Science and Technology Park. Its pilot program has begun actively producing green hydrogen using sunlight and wastewater.
Qatar’s universities have been rolling out green tech: Qatar University’s (QU) Agricultural Research Station (ARS) unveiled new vertical farming tech to employ a hydroponic cultivation system back in January. The new system will allow Qatar to produce vegetables year-round while reducing resource consumption.
ELECTRIC VEHICLES-
Saudi’s EV market set to boom: Saudi Arabia’s EV industry is set to grow significantly, with 71% of Saudi consumers likely to purchase a battery-electric vehicle (BEV) this year, Gulf Business reports, citing consulting firm AlixPartners ’ 2024 International Electric Vehicle Consumer-Sentiment Survey. Saudi buyers displayed high awareness of Chinese EV brands, with BYD topping brand recognition, and upcoming Lucid and Ceer EV production is expected to influence consumer preference. The survey also found that although global customers express concern over cost and charging infrastructure, Saudis are more focused on vehicle safety, complexity, and support services, the report adds.
KSA has big EV goals: Saudi Arabia has joined the Accelerating to Zero Coalition, committing to net-zero new car and van sales by 2040. Saudi’s Public Investment fund has also set a target to produce 500k EVs annually by 2030, up from a target of 150k in 2026. Riyadh wants to have EVs comprise a third of its cars earlier in 2030.
DEBT WATCH-
Egypt’s Juhayna in line for a sustainability top-up from HSBC: Our friends at HSBC will provide Egyptian dairy giant Juhayna with an undisclosed sustainability-linked loan, according to a press release (pdf). The terms of the loan will be based on several KPIs including emissions reduction by 18.7% by 2025 compared to 2021 and ramping up health and safety training hours by 20% compared to 2022.
OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-
- Ooredoo program to reduce energy consumption at mobile sites: Qatar’s telecom firm Ooredoo is launching the Clean Energy – Super Hybrid program to reduce energy consumption at its mobile outdoor sites by combining eco-friendly energy sources like solar and wind power. Ooredoo plans to implement the initiative at all its mobile sites by 2026, with the target of cutting 140 tons of CO2 emissions per site over the next 25 years. (Statement)
- Oman’s Be’ah offers ESG services for companies: Oman Environment Services (Be’ah) is offering to support companies’ environmental, social, and governance (ESG) practices to help them secure a better MSCI ESG rating and improve sustainability levels. Be’ah will benchmark each company against industry peers and climate-related metrics to guide decision-making. (Statement)
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Shell Qatar makes breakthrough in green hydrogen production tech. source
