Hanergy is launching the first $1bn solar industrial park in the Middle East
Hanergy Thin Film Power Group has signed an Memorandum of Understanding with Ajlan & Bros to launch the first solar thin-film industrial park in the Middle East in a $1bn investment.
The agreement was signed at the launch event of Saudi Arabia National Industrial Development and Logistics Programme (NIDLP), one of 12 programmes aligned with Saudi Vision 2030. The investment will work to transform the region into an industrial powerhouse and a global leader in logistical services, fuelling growth in four key sectors: Industry, Mining, Energy and Logistics.
Under the agreement, the two companies will collaborate to develop renewable energy manufacturing facilities in Saudi Arabia and conjointly seek relevant investment opportunities.
"We are excited to collaborate with Hanergy. Thin-film power is a promising market, especially in Saudi Arabia. The renewable energy facilities are bound to reform the landscape of the country's energy industry and help us achieve our goals in the 2030 vision," said Mr. Mohamed Al Ajlan, Deputy board chairman, Ajlan & Bros. Hanergy has anchored its roots in the Saudi market with its cutting-edge technologies and innovative products, while Ajlan & Bros Holding Group Company is one of the leading international companies in the country and Arabian Gulf.
- How technology is improving productivity and efficiency in the manufacturing sector
- Six trends standing between manufacturers and the factory of the future
- Didi Chuxing has announced a joint venture with automotive giant BAIC
"At Hanergy we've accorded priority to Saudi Arabia as one of the key strategic markets for our business globally. We realise the potential of renewable energy in Saudi Arabia and have set out an organised and specific road map to diversify our business in the country while supporting the advancement of renewable energy and fulfil the Kingdom's commitments to reducing carbon dioxide emissions," added Mr. Wei Qiang, President ofHanergy Saudi Arabia Country Company.
"The collaboration with Ajlan & Bros could be a turning point for both Hanergy and solar industry of Saudi Arabia.”
With the great market potential to be explored in Saudi Arabia and Hanergy's accumulated technological advantages, as well as the right partner with mutual interest and rich resources, the collaboration seems well in place to firm Hanergy's foothold in the Middle East Market and transform the landscape of solar industry of Saudi Arabia.
The Kingdom of Saudi Arabia has been endeavouring to reduce its dependence on oil and going through a major transition towards more diversified and sustainable energy resources. In 2011, oil was the source of over 50% electricity in the country and there was only 0.003 gigawatts of solar power capacity installed nationwide. The government has since announced that Saudi Arabia would develop 41 gigawatts of solar capacity by 2032. The launch of National Industrial Development and Logistics Programme will work to help achieve this goal.
Trafigura and Yara International explore clean ammonia usage
Reducing shipping emissions is a vital component of the fight against global climate change, yet Greenhouse Gas emissions from the global maritime sector are increasing - and at odds with the IMO's strategy to cut absolute emissions by at least 50% by 2050.
How more than 70,000 ships can decrease their reliance on carbon-based sources is one of transport's most pressing decarbonisation challenges.
Yara and Trafigura intend to collaborate on initiatives that will establish themselves in the clean ammonia value chain. Under the MoU announced today, Trafigura and Yara intend to work together in the following areas:
- The supply of clean ammonia by Yara to Trafigura Group companies
- Exploration of joint R&D initiatives for clean ammonia application as a marine fuel
- Development of new clean ammonia assets including marine fuel infrastructure and market opportunities
Magnus Krogh Ankarstrand, President of Yara Clean Ammonia, said the agreement is a good example of cross-industry collaboration to develop and promote zero-emission fuel in the form of clean ammonia for the shipping industry. "Building clean ammonia value chains is critical to facilitate the transition to zero emission fuels by enabling the hydrogen economy – not least within trade and distribution where both Yara and Trafigura have leading capabilities. Demand and supply of clean ammonia need to be developed in tandem," he said.
There is a growing consensus that hydrogen-based fuels will ultimately be the shipping fuels of the future, but clear and comprehensive regulation is essential, according to Jose Maria Larocca, Executive Director and Co-Head of Oil Trading for Trafigura.
Ammonia has a number of properties that require "further investigation," according to Wartsila. "It ignites and burns poorly compared to other fuels and is toxic and corrosive, making safe handling and storage important. Burning ammonia could also lead to higher NOx emissions unless controlled either by aftertreatment or by optimising the combustion process," it notes.
Trafigura has co-sponsored the R&D of MAN Energy Solutions’ ammonia-fuelled engine for maritime vessels, has performed in-depth studies of transport fuels with reduced greenhouse gas emissions, and has published a white paper on the need for a global carbon levy for shipping fuels to be introduced by International Maritime Organization.
Oslo-based Yara produces roughly 8.5 million tonnes of ammonia annually and employs a fleet of 11 ammonia carriers, including 5 fully owned ships, and owns 18 marine ammonia terminals with 580 kt of storage capacity – enabling it to produce and deliver ammonia across the globe.
It recently established a new clean ammonia unit to capture growth opportunities in emission-free fuel for shipping and power, carbon-free fertilizer and ammonia for industrial applications.