News archive

GAIL invites investment proposals from startups

GAIL invites investment proposals from startups

GAIL (India) Ltd will invest in startups operating in focus areas and is now seeking investment proposals from startups. The investments will be done through GAIL’s startup initiative ‘Pankh’.“GAIL has...
11 July 2022
ACME Group to invest Rs 1.5 trn in green hydrogen

ACME Group to invest Rs 1.5 trn in green hydrogen

At a time when India is set to bring out a comprehensive green hydrogen mission, Gurugram-based ACME Group has said it is planning to invest about Rs 1.5 trillion in green hydrogen and ammonia over seven...
11 July 2022
Asia to dominate global xylene capacity additions

Asia to dominate global xylene capacity additions

Asia is set to lead the global xylene industry capacity additions from new-build and expansion projects with a share of 85% between 2022 and 2026, forecasts GlobalData, a data and analytics company.GlobalData’s...
11 July 2022
Croatian Firm Wins Power Plant Contract In Iraq

Croatian Firm Wins Power Plant Contract In Iraq

Croatia's Koncar Group has signed an agreement worth EUR 65 million ($69 million) with Iraq's Ministry of Electricity for the revitalization of Haditha hydroelectric power station.Under the agreement,...
04 July 2022
SARCO signs MoUs for renewable energy projects

SARCO signs MoUs for renewable energy projects

Saudi Arabian Refineries Co. (SARCO) has signed two non-binding memoranda of understanding (MoUs) with Christof Global Impact, according to a bourse statement.The MoUs were signed during a panel discussion...
04 July 2022
 Iran-Iraq cooperation in developing oil fields

Iran-Iraq cooperation in developing oil fields

The Iranian First Vice President said the ground for cooperation between the two governments of Iran and Iraq in the fields of academia, transportation, production from joint oil fields, energy, techn...
04 July 2022
Egypt, Norway to study green ammonia opportunities

Egypt, Norway to study green ammonia opportunities

Minister of Petroleum and Mineral Resources Tarek El Molla and the CEO of Norway’s Scatec Terje Pilskog have agreed to study the available opportunities to cooperate in producing green ammonia.In the presence...
04 July 2022
Rubber powder plant to be set up in Sur

Rubber powder plant to be set up in Sur

Sur Industrial City, affiliated with the Public Establishment for Industrial Estates (Madayn), has signed an investment contract with Al Fairuz Projects and Investments, to establish a rubber powder production...
04 July 2022
Emerson inaugurates new facility in Saudi Arabia

Emerson inaugurates new facility in Saudi Arabia

Emerson has inaugurated an expanded facility in Dammam, Saudi Arabia to manufacture its Rosemount™ pressure and temperature transmitters and manifolds.The inauguration was attended by Emerson executives,...
04 July 2022
Land deal signed for green hydrogen, ammonia project

Land deal signed for green hydrogen, ammonia project

Oman's Public Authority for Special Economic Zones and Free Zones (OPAZ) has signed a land development (usufruct) agreement with Green Hydrogen and Chemicals Company (GHC) to develop Phase One of the green...
04 July 2022