RENEWABLES-

Egypt agrees on MoU to export electricity: Egypt inked an agreement with Belgian firm Jan De Nul to conduct feasibility studies on the possibility of building a Mediterranean subsea powerline with a capacity of 2 GW to export renewable electricity to Europe, according to a statement. No further details on the agreement were disclosed.

This has been in the works: Egyptian Electricity Minister Mohamed Shaker met with Belgian company Jan De Nul’s Managing Director Jan Pieter De Nul in May to discuss expanding cooperation in Egypt’s renewable energy sector.

RECYCLING-

EGA will build an aluminum recycling factory: UAE’s aluminum manufacturer Emirates Global Aluminium (EGA) is working on setting up the country’s first aluminum recycling factory, Wam reports. EGA is trying to reduce energy consumption as demand is expected to increase by 50 to 80% by 2050. Recycled aluminum consumes up to 95% less energy than new metal production.

EGA’s green portfolio: EGA launched a supply chain finance (SCF) program with Emirates NBD earlier this month to help aluminum producers green their UAE operations. It also partnered with BP in May to explore cutting emissions from the company’s calcined petroleum coke (CPC) supply chain. It was also the first in the UAE to join the First Movers Coalition by committing to sourcing the materials it needs for aluminum production from low-carbon sources.

EMISSIONS-

CCED and Aggreko collaborate to cut emissions: CC Energy Development (CCED) launched an initiative with energy solutions provider Aggreko to reduce greenhouse gas emissions by 30% in CCED's operations in Oman, according to a statement released earlier this week. The initiative will see CCED establish a flare gas-to-power project within its operations and work towards eliminating gas flaring by 2027. The oil and gas operator will also replace diesel with unused associated gas, which is a crude oil production byproduct, to generate electricity to power the company's operations.