INSEAD Day 4 - 728x90

DEWA posts record H1 profit

Revenue reaches record $4.04 billion.

Tabreed H1 revenue $308m

Blurb: Profit reaches $52 million in H1

ADNOC L&S to expand fleet

It will acquire 11 carriers for $1.3bn.

Empower profit climbs 16%

Dubai district cooling demand lifts earnings

Burjeel profit nearly doubles

Healthcare demand drives stronger earnings.

MA’ADEN, GlassPoint to develop heat plant

When complete, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals. (Pic MAADEN)
  • When completed, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually.
  • This represents more than 50 percent reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4% of MA’ADEN’s overall carbon footprint.

Saudi Arabian Mining Company (MA’ADEN) and GlassPoint signed an MoU to develop the world’s largest solar process heat plant at MA’ADEN’s Alumina refinery.

When completed, the 1,500 MW solar steam facility will help MA’ADEN achieve sustainability goals by reducing carbon emissions by over 600,000 tons annually.

This represents more than 50 percent reduction of carbon footprint in MA’ADEN’s Alumina refinery and 4 percent of MA’ADEN’s overall carbon footprint.

The MOU was signed at MA’ADEN HQ in Riyadh, Saudi Arabia by senior vice president of MA’ADEN’s aluminium business Riyadh Al Nassar and, CEO and founder of GlassPoint Rod MacGregor.

Under this arrangement, MA’ADEN and GlassPoint will work together to develop a more sustainable way to produce aluminium, a crucial metal for many global industries and the energy transition.