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Alpha Dhabi H1 profit $1.79bn

Adjusted EBITDA rises to $2.36bn.

Borouge Q2 net profit $193m

The H1 revenue stood at $2.72 billion.

ADNOC Drilling H1 revenue $2.37bn

The company posted a net profit of $692m.

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

World’s first ‘wooden’ satellite set for launch in 2023

Kyoto University and Sumitomo Forestry Co. expect to launch the 'wooden' satellite in 2023. Pic Kyoto University.
  • The development of the satellite is aimed at harnessing the the environmental friendliness and low cost of wood in space development.
  • Its outside will be covered in wood and solar cells, and it will hold an electronic substrate inside.

Plans are afoot to launch the world’s first “wooden” satellite in 2023 Japan to harness the environmental friendliness and low cost of wood in space development.

Japanese media reports said that a satellite whose exterior is made of wood will burn up upon re-entering the Earth’s atmosphere after the end of its operation, putting less burden on the environment.

The team comprised of experts from Kyoto University and Sumitomo Forestry Co also said that a wooden satellite is cheaper to make than using aluminum, the current mainstream material for a satellite.

Because electromagnetic waves can penetrate wood, the satellite can contain an antenna inside, the team said, according to the reports.

The planned satellite will be a cube with 10-centimeter sides. Its outside will be covered in wood and solar cells, and it will hold an electronic substrate inside.

The state-run university in western Japan and the Tokyo-based wood products company are set to test the durability of wood in space, possibly from February, using an extravehicular experimental apparatus of the International Space Station.

The team, led by Japan Aerospace Exploration Agency astronaut Takao Doi, plans to attach on the apparatus wooden sheets with varying hardness, taken from several tree species. The sheets will remain exposed to outer space for nearly nine months to check their deterioration.

Doi, a program-specific professor at Kyoto University, said if the plan succeeds, it will lead the way to “allowing even children who are interested in space to make a satellite.”

Doi became the first Japanese astronaut to take part in extravehicular activities when he boarded the Space Shuttle Columbia in 1997, the media reports said.