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EMISSIONS-
Sonatrach inks MoU with Norway’s ICA-Finance to reduce GHG emissions: Algeria’s state-owned oil company Sonatrach and ICA-Finance, a company specialized in helping oil producers reduce emissions, have signed an agreement to collaborate on reducing greenhouse gas emissions in Algeria’s upstream oil and gas sector, according to a press release. The agreement is part of both companies’ efforts to support Algeria’s energy transition, focusing specifically on methane emission reduction and climate action. No further details were provided.
Sonatrach has been making big moves: The company signed an MoU earlier this week with Germany’s VNG, Italy’s Snam and Sea Corridor, and Austria’s Verbund to conduct feasibility studies for the implementation of the SoutH2 Corridor pipeline. Sonatrach also signed an MoU with Mubadala-owned Spanish oil refiner Cepsa to jointly explore establishing a project to produce green hydrogen and its derivatives in Algeria.
BATTERY STORAGE-
Saudi will get a new BESS manufacturing facility: China’s Hithium Energy Storage Technology and Saudi-based Manat have formed a JV – labeled Hithium Manat – to establish a battery energy storage system (BESS) manufacturing facility in Saudi, according to a statement. The facility will have a capacity of 5GWh annually. No timeline or financial details we disclosed for the project.
About their tech: Hithium’s tech – which they displayed at Solar & Storage Live KSA – is built for desert applications, the statement adds. It includes advanced sandstorm protection and high and low-temperature designs that support ultra-long discharge cycles of 12+ hours. The company said it customized this product line to suit the Middle East and Africa regions.
CLIMATE DIPLO-
Egypt + Netherlands partner on water management: Egypt and the Netherlands signed an MoU to enhance cooperation in water management and climate change adaptation, according to a statement. It focuses on leveraging technical, economic, and administrative capabilities from both government agencies and private sector companies. The agreement will include researching sand sources along the Nile Delta’s maritime border and preparing feasibility studies for coastal replenishment strategies.
