A new plant to convert waste into Sustainable Aviation Fuel (SAF) will be developed in Abu Dhabi, under a new partnership between Masdar and Tadweer Group.
Once operational, the plant will convert around 500,000 tonnes of waste into SAF in a year and will serve multiple markets.
It will use a hybrid production method that combines that renewable energy-powered electrolysis to produce green hydrogen and waste gasification turning syngas into SAF through various chemical processes.
The SAF has the potential to reduce lifecycle carbon emissions by up to 80 per cent compared with conventional jet fuel, according to International Air Transport Association (IATA) estimates.
It will position Abu Dhabi as a regional hub for SAF and support decarbonisation of a sector that accounts for over 18 per cent of the UAE’s GDP in 2023, according to International Air Transport Association (IATA) data.
The project will also contribute to Tadweer Group’s strategic ambition of diverting 80 percent of waste from Abu Dhabi landfills by 2030, and creating new value chains in waste management, green hydrogen, and renewable fuels.
The UAE and Argentina have announced the launch of negotiations for a Comprehensive Economic Partnership Agreement (CEPA), marking a new step in efforts to deepen trade and investment relations.
Meraas, part of Dubai Holding Real Estate, has awarded a contract worth nearly AED 1 billion to GCC Contracting to build 272 villas and townhouses in Phase 7 of Nad Al Sheba Gardens.
Meta CEO Mark Zuckerberg on Wednesday has unveiled a small handheld gadget called Meta Charm for using its new Muse AI assistant, taking the company's hardware efforts beyond its successful smart glasses.
The Central Bank of the UAE has imposed strict enforcement measures on the UAE branches of Bank Melli Iran following violations of regulatory requirements, including legislation related to anti-money laundering and combating the financing of terrorism and proliferation financing.
A free trade agreement between India and New Zealand, signed in April, will come into force on October 20, Indian trade minister Piyush Goyal said on Monday, as New Delhi seeks to boost exports and attract investment amid shifts in global trade.
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