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TotalEnergies joins Masdar and Siemens Energy in initiative to drive green hydrogen development and produce sustainable aviation fuel

By Press release on January 19, 2022
Masdar, one of the world’s leading renewable energy companies, announced today that TotalEnergies is adding its expertise in the energy sector to a Masdar-led initiative focused on green hydrogen to produce sustainable aviation fuel (SAF).  Senior executives from Masdar, Siemens Energy and TotalEnergies today signed a collaboration agreement on the sidelines of Abu Dhabi Sustainability […]
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Ambercycle raises $21.6 million to build circularity ecosystem in the fashion industry.

By Press release on January 4, 2022
Materials science company Ambercycle Inc. announced today the closing of Series A financing from H&M CO:LAB, KIRKBI, Temasek, BESTSELLER’s Invest FWD, and Zalando. With this new funding, Ambercycle has raised a total of $27 million in order to develop infrastructure and materials for circularity within the fashion industry. Environmental and governmental agencies estimate that over 120 billion […]
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Saudi Arabia, Japan sign agreements on circular carbon economy, clean hydrogen, fuel ammonia

By Press release on January 1, 2022
Saudi Arabia accounts for close to 40 percent of Japan’s crude oil imports as the largest supplier. RIYADH — Saudi Arabia and Japan signed a memorandum of cooperation (MoC) on Sunday in the fields of the circular carbon economy, carbon recycling, clean hydrogen and fuel ammonia. The MoC was signed by Energy Minister Prince Abdulaziz Bin […]
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NESR and HSBC announce first sustainability-linked loan for MENA’s oilfield services industry

By Press release on December 13, 2021
National Energy Services Reunited Corp. (“NESR” or “the Company”) (NASDAQ: NESR) (NASDAQ: NESRW), an international, industry-leading provider of integrated energy services in the Middle East and North Africa (“MENA”) region, has announced that the company has secured a sustainability-linked loan (SLL) with HSBC Bank Middle East – the first SLL of its kind within the […]
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IKEA to phase out plastic from consumer packaging by 2028

By Press release on November 28, 2021
IKEA will phase out plastic from consumer packaging solutions. The phase-out will happen in steps, starting with all new range by 2025, and existing range by 2028. With this phase-out, IKEA aims to reduce plastic waste and pollution, and drive the industry agenda to develop packaging solutions centred around renewable and recycled materials. Packaging is […]
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Etihad Airways chief says carbon offsets avoid the real challenge of cutting CO2

By Press release on November 22, 2021
Carbon offsets, used by airlines to show they’re neutralizing greenhouse gas emissions, avoid the real challenge of cutting back on carbon dioxide, Bloomberg reported, citing Tony Douglas,  CEO of Etihad Airways in an interview at the Dubai Airshow on Wednesday.   “It’s a short-term stopgap if you haven’t got a more sustainable alternative, but it’s […]
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DHL and TotalEnergies to develop solar project in Dubai

By Press release on October 14, 2021
DHL Global Forwarding, a leading provider of air, ocean and road freight services, and French energy major TotalEnergies have signed a contract for a solar energy project to produce over 14,000MWh of electricity per year in Dubai. The whole solar system will produce enough energy to power over 16,000 homes yearly in the UAE. In addition […]
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Bain & Company to reduce business travel emissions by 35 per cent per employee

By Press release on October 11, 2021
Bain & Company announced a set of bold new sustainability commitments. The firm pledged to further reduce its scope 1 and 2 emissions—from activities such as heating and powering its offices—by 30 per cent over the next five years, and it plans to reduce its scope 3 emissions from business travel by 35 per cent […]
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Talabat to pilot sustainable packaging in UAE and Qatar as part of wider global pilot

By Press release on July 29, 2021
Regional online food delivery and q-commerce platform Talabat has launched a sustainable packaging program to reduce plastic waste and carbon emissions across the region, starting with pilot operations in the UAE and Qatar. The launch is part of Delivery Hero’s (Talabat’s parent company) global rollout of the program, across eight markets. Talabat’s new packaging, which […]
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US Government confirms: electric vehicles cost 40% less to maintain

By Press release on July 26, 2021
It’s Official: US Government Says Electric Vehicles Cost 40% Less To Maintain The latest information from the US government shows battery-electric cars cost less to maintain than conventional cars, hybrids, and plug-in hybrids. We have heard it over and over again — electric vehicles cost less to own. The reasons are fairly obvious. A vehicle […]
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