24.8 C
Dubai
Sunday, November 24, 2024
spot_img

UAE Business: UAE unveils electricity-to-liquids roadmap

[ad_1]

The UAE has launched its electricity-to-liquids roadmap, which was drafted by the Ministry of Energy and Infrastructure in collaboration with the World Economic Forum.

The Wam news agency reported that the PtL roadmap shows the financial, economic and environmental benefits of PtL in decarbonizing the UAE aviation industry.

The paper, titled ‘The Roadmap from Electricity to Liquids: Driving the Aviation Energy Transition in the United Arab Emirates’, was released at an event attended by Eng Sharif Al Olama, Undersecretary for Energy and Petroleum at the Ministry of Energy and Infrastructure.

Achieving the 50 principles and working to improve the country’s overall standing, including in the energy sector, will require greater cooperation between government authorities and the private sector, he said.

Eng Yousef Al Ali, Assistant Undersecretary for Electricity, Water and Future Energy Sector, and several officials from the national airline and major companies in the sector were also present at the launch.

Al Olama said the UAE has made significant efforts to launch outstanding projects and initiatives in the energy sector, especially in clean energy, in support of the UAE’s strategic initiative to achieve Net Zero by 2050 and in line with the Paris Climate Agreement.

He added that the UAE is working closely with regional and international partners to achieve sustainability in the energy sector.

Published by the Forum’s Clean Skies Tomorrow initiative in collaboration with the UAE Ministry of Energy and Infrastructure and ICF International, this white paper argues that Power Liquefied Sustainable Aviation Fuel (PtL SAF) production is the most important technology for Emirates decarbonisation.

It said the PtL offers the UAE a unique opportunity to leverage domestic resources, infrastructure and expertise to grow and decarbonize the economy.

The UAE is in an excellent strategic position to build a world-leading PtL industry. According to the roadmap, the analysis shows that it would be economically beneficial, environmentally necessary and practical to deploy PtL capabilities to decarbonise the aviation industry in the United Arab Emirates.

It added that the aviation industry is one of the UAE’s success stories, being central to the national and regional economy, contributing to diversification, tourism and supporting job creation.

[ad_2]

Source link

Related Articles

Gusteau Foods Transforming the Food Industry with Passion and Innovation

In a world where the demand for convenience and quality often seem at odds, Gusteau Foods Pvt Ltd, led by the visionary entrepreneur Karthick...

With an eye towards its IPO on Nasdaq and Euronext, AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets...

AAD Invest Group finalizes a EUR 75 million funding agreement with Global Emerging Markets (GEM) About AAD Invest Group – Nov 2024 Founded in January 2024...

The Banyan Tee – Merging Fandom, Innovation, and Ethics in Fan Merchandise

In an era where fan culture shapes much of our identity and lifestyle, The Banyan Tee offers a unique approach, combining sustainability with a...

BRICS+ Set to Outpace G7 by 2026: A New Era of Economic Power and Global Influence

BRICS+ group, consisting of Brazil, Russia, India, China, and South Africa, alongside a handful of newly integrated nations, is on the brink of a...

From Seed to Superfoods The Inspiring Journey of Bharat Budhiraja and Urbana Superfoods

In a world teeming with fast-paced food trends, Bharat Budhiraja is charting a unique path with his brand, Urbana Superfoods, owned by Krish Perennials Pvt....

Latest Articles