Europe’s $11bn Nord Stream 2 comes to a halt; Portugal to open a green hydrogen plant: NRG matters

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Updated 23 February 2022
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Europe’s $11bn Nord Stream 2 comes to a halt; Portugal to open a green hydrogen plant: NRG matters

RIYADH: Political instability between Russia and Ukraine adds to the woes of soaring energy prices. Nevertheless, countries such as Portugal and corporations such as Exxon Mobil, Toyota, and Yamaha continue to pursue green deals and initiatives.

Looking at the bigger picture:

·Portuguese glass producers BA Glass, Crisal and Vidrala along with cement makers Cimpor and Secil have joined a new consortium, also known as Nazare Green Hydrogen Valley, to launch a green hydrogen plant, Reuters reported.

Led by local renewable energy firm Rega Energy, the consortium aims to aid Portugal's aims to achieve carbon neutrality by 2050. The five companies, combined, account for 10 percent of the European country’s total industrial carbon emissions.

·Germany has halted the $11 billion Nord Stream 2 gas pipeline amid escalating political conflicts between Russia and Ukraine. 

The pipeline was originally designed to double the flow of Russian gas into Germany. 

Through a micro lens: 

·American multinational oil and gas corporation Exxon Mobil Corp. has signed a fiscal deal with Papua New Guinea regarding a multi-billion dollar liquefied natural gas project, Bloomberg reported.

The project is expected to tap a field comprising an estimated 4.36 trillion cubic feet of liquified natural gas.

·Japanese carmaker Toyota and Japanese manufacturer Yamaha are to collaborate in the development of a hydrogen fueled engine, CNBC reported.


Saudi-French cooperation to localize veterinary vaccine manufacturing

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Saudi-French cooperation to localize veterinary vaccine manufacturing

RIYADH: In the presence of sector leaders, the National Livestock and Fisheries Development Program signed a memorandum of understanding with French company Ceva under the patronage of Minister of Environment, Water and Agriculture Abdulrahman bin Abdulmohsen Al-Fadhli, who also chairs the program’s board.

The agreement aims to localize vaccine manufacturing, transfer technology and technical expertise, and expand the industrial and commercial production of veterinary vaccines across the Kingdom.

According to the MoU, the two parties will work to achieve high efficiency in mass production scale-up and establish a clear path for sustainable commercial operation that meets the needs of the local and national market, as well as strengthen the biosecurity and food security system.

The MoU also includes the development and modernization of messenger RNA vaccine technologies, along with joint research and development of a Middle East Respiratory Syndrome vaccine for camels. This involves designing, evaluating, and developing vaccines specifically tailored to combat the virus.

The agreement also covers the development of a rabies vaccine and related solutions, as well as supporting national efforts to control the disease through vaccine provision, capacity building, and the implementation of integrated prevention strategies.

The collaboration between the program and Ceva aims to meet the needs of the poultry vaccine market in the Kingdom, currently estimated at around SR750 million ($199 million).

The company will work to cover approximately 30 percent of this market with an initial investment of around SR250 million.

With continued government support for poultry projects and increased production in the sector, the market is expected to grow at a rate exceeding 10 percent annually, reaching approximately SR1.25 billion by 2030.

The addition of the world’s leading poultry vaccine manufacturer to Biotech Park highlights the program’s key role in developing new industries within the livestock and fisheries sector.

It also highlights the program’s commitment to building international partnerships with global companies, organizations, research centers, and universities to support advanced biotechnology industries and attract high-quality investments. It also seeks to create new economic sectors based on biotechnology, enhance veterinary health security, and support the sustainable economic development of the livestock sector, as well as empower national and emerging companies and provide advanced research and industrial infrastructure.

This will solidify the Kingdom’s position as a global hub for biotechnology industries and the development of national capabilities.

Ceva is the first international partner to join Biotech Park, the future veterinary biotechnology city launched by the program in Dhurma Governorate. The city is the world’s first specialized and fully integrated hub for veterinary biotechnology, serving as a benchmark for sector development and a platform supporting markets across the Kingdom, the Gulf, the Middle East, Africa and beyond.

The signing of Ceva is a significant step, given its position as the world’s leading manufacturer of poultry vaccines and medicines, and one of the most prominent international companies in the field of biotechnology.

The MoU aims to localize the veterinary vaccine industry, ensuring its compatibility with the strains of poultry diseases prevalent in Saudi Arabia. This includes the transfer of technology and technical expertise from Ceva, along with the implementation of specialized training programs to guarantee that manufacturing facilities comply with international Good Manufacturing Practice standards.