INSEAD Day 4 - 728x90

Google to invest $6.4bn

The investment is its biggest-ever in Germany.

Pfizer poised to buy Metsera

The pharma giant improved its offer to $10bn.

Ozempic maker lowers outlook

The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

NPCC receives award for MERAM project

The Shariah-compliant facility spans a tenure of three years.
  • The project is valued at AED 13 billion and is being led by the National Petroleum Construction Company (NPCC) in partnership with Técnicas Reunidas.
  • MERAM project is expected to increase the recovery of methane from ADNOC Gas's facilities.

Abu Dhabi, UAE — The National Petroleum Construction Company (NPCC), a subsidiary of the National Marine Dredging Group (NMDC Group), in partnership with Técnicas Reunidas (NPCC TR JV), has received an award for the Methane Recovery and Maximization (MERAM) project from ADNOC Gas.

The project is valued at AED 13 billion and is being led by the National Petroleum Construction Company (NPCC) in partnership with Técnicas Reunidas.

The scope of the project includes expanding the gas processing infrastructure at ADNOC Gas’s facilities and increasing feedstock recovery to provide feedstock supplies for the Ruwais Industrial Complex.

Commenting on the award, Eng. Yasser Zaghloul, NMDC Group CEO, said, “This project constitutes a positive addition to maximizing the capabilities and expertise of Emirati cadres in the field of energy and construction.”

MERAM project is expected to increase the recovery of methane from ADNOC Gas’s facilities. Methane is a potent greenhouse gas, so this will help to reduce greenhouse gas emissions.

It will provide feedstock supplies for the Ruwais Industrial Complex, a major petrochemical complex in the UAE besides creating jobs and improving air quality in the region.