NET ZERO-

Adnoc outlines accelerated roadmap to carbon neutrality by 2045: Abu Dhabi National Oil Company (Adnoc) is planning to reach net zero by 2045, instead of its originally planned 2050, and double its carbon capture capacity by 2030, the oil and gas giant said in a statement. The strategy involves an initial investment of AED 55 mn (USD 15 mn) for related projects and entails: Linking its seabound operations to a clean electricity grid, which should slash its emissions from maritime activities by 50%; increasing its carbon capture capacity to 10 mn tons by 2030; and building a low-carbon ammonia plant with an annual capacity of 1 mn tons.

SOLAR-

Construction kicks off on Sabic’s 187 MW solar plant in Texas: BP has begun construction on its 187 MW Peacock Solar project in Texas, which will power a manufacturing facility owned by Gulf Coast Growth Ventures — a JV between Saudi Basic Industries Corporation (Sabic) and US oil giant ExxonMobil, according to company statement last week. The manufacturing facility will produce clothes, food containers, packaging, agricultural film, and construction materials, according to the statement. Once complete, the solar plant will generate enough renewable energy to power the equivalent of 34k homes annually, and will provide more than USD 25 mn in tax revenue for the first 25 years of operations. Bp is developing, constructing, and managing the project through its 50/50 solar JV with Lightsource. PCL Construction is running the EPC, and will procure ultra-low carbon solar panels and trackers from US-based manufacturers First Solar and GameChange Solar, respectively.

GREEN ENERGY-

The Japanese are tapping Egypt’s green fuel potential: A delegation headed by the Japan External Trade Organization (JETRO) visited the Suez Canal Economic Zone (SCZone) for talks on cooperation in green energy projects in the zone, a statement by the SCZone said on Sunday. SCZone head Walid Gamal El Din highlighted the zone’s integrated infrastructure and proximity to renewable energy sources. The head of the Japanese delegation said Egypt has the potential to become a renewable energy supply hub in North Africa and a future export hub for green hydrogen, according to the statement.

REMEMBER- Egypt’s SCZone is looking to expand the scope of its green methanol bunkering services in the near future, and Scatec signed an agreement in May to set up a green methanol plant in Damietta alongside several local firms at a cost of around USD 450 mn.

OTHER STORIES WORTH KNOWING ABOUT THIS MORNING-

• EV maker Clean Motion has secured a EUR 328k order to supply Neom with vehicles for deliveries on Sindalah luxury island in KSA. Clean Motion signed an agreement in May to develop and deliver an integrated solution for last-mile deliveries tailored for NEOM. (Statement)
• Hong Kong’s Unity Group signed an MoU with UAE's Lead International Investment to see Unity optimizing energy efficiency in 700 commercial and residential buildings in Abu Dhabi. Unity’s customized solutions will reduce energy costs by up to USD 35k per month per building. (Statement, pdf)
• Tunisia extended its tap water quota system with a ban on its use for agriculture until further notice. The measures for rationing water started in March and were expected to end by 30 September. (The National)