Brazilian energy firm had its credit rating raised to BB by rating agency S&P, indicating a higher security for investors.
Browsing: energy
Mubadala Capital energy firm headquartered in Bahia launched at COP28 a renewable fuel project based on the oil harnessed from macaúba, a Brazilian native fruit.
The IMF expects a GDP growth rate lower than in 2022 but still at a “strong” pace. Inflation is slowing down and international reserves are “comfortable.”
Brazil’s Minister of Environment and Climate Change told UAE news agency WAM that the decisions made at COP28 are the basis for initiating investments that are aligned with nature.
In a meeting with civil society members, Lula said that the country will enter the oil cartel OPEC+, and that ending some fossil fuels is a desire but a struggle, too.
The Arab country seeks to become the top supplier of green hydrogen in North Africa. Plans include exporting to European nations and using it in fertilizer production.
The mineral used to manufacture products such as batteries for electric vehicles was extracted in Minas Gerais and sent to the Chinese company Yahua. The vice president of Brazil accompanied the sending.
Scatec received a land area for constructing a wind power plant to generate 5 gigawatts in the south of Egypt.
The two countries started implementing an agreement signed at COP27 to work together on renewable energies, particularly green hydrogen. Germany pledged to disburse USD 276 million to support Egypt in the sector.
Small and medium enterprises, nonprofit organizations and high schools can submit entries before May 2, 2023.
Petrobras started testing an equipment that mensurates the speed and direction of the winds at the ocean so that Brazil can produce wind power in offshore parks.
The ambassador of Morocco to Brazil, Nabil Adghoghi (pictured), writes article on how his country has implemented the energy transition in the fertilizer sector. Morocco is one of the world’s leading suppliers of fertilizers, a key component of the global food security.
The secretary-general of the Arab Brazilian Chamber of Commerce, Tamer Mansour, stated he sees the Arab countries as potential financers of extensive projects aimed at renewable energy, the environment, and climate.
The Saudi company’s earnings totaled USD 48.4 billion, surpassing forecasts of USD 46.2 billion.
