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JFE Steel, Emirates Steel and Itochu to study building supply chain for low-carbon ironmaking

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JFE Steel Corporation, Itochu Corporation and Emirates Steel Arkan, the largest steel company in the United Arab Emirates (UAE), will conduct joint detailed feasibility studies on the establishment of a supply chain of ferrous raw material for green ironmaking with low-carbon emission at the project site in Abu Dhabi.

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ADNOC sends first low-carbon ammonia shipment from the UAE to Germany

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Abu Dhabi National Oil Company’s (ADNOC’s) first shipment of low-carbon ammonia recently left the United Arab Emirates (UAE) bound for Hamburg, Germany. This is the first cargo of low-carbon ammonia to be shipped to Germany.

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New initiative to grow jet biofuel supply chain in UAE; focus on research, feedstock production and refining capability

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Boeing, Etihad Airways, Takreer (Abu Dhabi Oil Refining Company), Total and the Masdar Institute of Science and Technology will collaborate on a new initiative to support a sustainable aviation biofuel industry in the United Arab Emirates.

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Etihad Airways and partners launch roadmap for sustainable aviation biofuels in UAE

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Etihad Airways, together with Boeing, Total, Takreer and the Masdar Institute of Science and Technology, launched a joint industry roadmap for the sustainable production of aviation biofuels in the United Arab Emirates (UAE). bio-oils and fats) are fed into a reactor catalytically de-oxygenated. Earlier post , earlier post.).

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Gulf oil giants Saudi Aramco, Adnoc set sights on lithium – ET Auto

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Saudi Arabia and the United Arab Emirates’ national oil companies plan to extract lithium from brine in their oilfields, in line with efforts to diversify their economies and profit from the shift to electric vehicles (EVs), three sources told Reuters. The kingdom has established its own EV brand Ceer, and built an EV metals plant.

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BP Statistical Review finds global oil share down for 12th year in a row, coal share up to highest level since 1969; renewables at 2%

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Oil remains the world’s leading fuel, but its 33.1% Global energy consumption grew by 2.5% Oil demand grew by less than 1%—the slowest rate amongst fossil fuels—while gas grew by 2.2%, and coal was the only fossil fuel with above average annual consumption growth at 5.4% globally, and 8.4% Source: BP.

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Opinion: How Much Longer Can OPEC Hold Out?

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With its headquarters in Vienna, Austria, one of the mandates of 12-member OPEC is to “ensure the stabilization of oil markets in order to secure an efficient, economic and regular supply of petroleum to consumers, a steady income to producers, and a fair return on capital for those investing in the petroleum industry.”