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Blue Carbon, a Dubai-based company established under the vision of Sheikh Ahmed Dalmook Al Maktoum to support carbon removal projects around the world, signed a Memorandum of Understanding (MoU) with Oracle Energy today (26 October). ), Oracle Energy is a joint venture. Oracle Power, an international developer of power and natural resources projects listed on the London AIM market.
The MoU is designed to enable Oracle Energy to reduce its carbon emissions and explore opportunities to advance its net zero goal as Blue Carbon provides continued support in its decarbonization transformation journey.
Blue Carbon CEO Josiane Sadaka and Oracle Power CEO Naheed Memon signed a joint agreement at Blue Carbon’s Dubai headquarters that enables Blue Carbon to design a framework that serves as Oracle’s roadmap for energy efficiency.
Sadhaka said: “We are delighted to be partnering with Oracle Energy to support and accelerate the decarbonisation journey of their green hydrogen project in Pakistan. Deep collaboration with customers is at the heart of our operations and we believe this partnership will inspire We work hard to establish robust strategies and best practices that will not only positively impact Oracle Energy’s operations, but will also serve as benchmarks for other companies in the region to follow.”
Oracle CEO Naheed Memon commented: “This MoU further solidifies our development in the hydrogen energy industry and further complements our joint venture partnership under the auspices of Blue Carbon Chairman Sheikh Ahmed Dalmook Al Maktoum. With expertise in the economics of climate change, Blue Carbon aims to be at the forefront of sustainable climate change investment and we look forward to working with them on a decarbonisation roadmap to complement Oracle Energy’s green hydrogen project in Pakistan.”
Blue Carbon provides solutions to facilitate the efforts needed to reduce energy-related carbon emissions to net-zero levels by 2050 under the Paris Agreement. In addition, the company acts as a facilitator of the operating framework for the blue and green economy, setting the agenda for the implementation of international climate agreements.
While Blue Carbon’s framework will focus on monitoring, reporting and verification (MRV) to calculate and benchmark carbon emissions data, it will also outline suitable registration methods and identify appropriate opportunities in the area of ​​carbon capture and utilization. In addition, the two companies will look for suitable opportunities in hydrogen-related low-carbon environmental assets.
Under the MoU, Blue Carbon will advise Oracle Energy on data aggregation related to carbon emissions reporting. Its teams will conduct workshops to share knowledge, relevance and compliance and solidify a high-level sustainability vision for future implementations.-TradeArabia News Service
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