IN an ambitious move that underscores its commitment to sustainability, MERYT Catalysts and Innovation has announced significant investments in the Middle East energy sector for 2024.
By forging strategic partnerships, the company aims to align its goals with those of the GCC countries, paving the way for a cleaner and more efficient energy landscape.
In an exclusive interview with OGN energy magazine, Dr Meritxell Vila-Fontes, the company’s Director, talks about how the establishment of a state-of-the-art catalyst production plant, in collaboration with a prominent local partner, marks a pivotal step in reducing reliance on imports and fostering local industrial growth.
MERYT's innovative catalyst technologies promise not only to enhance energy efficiency but also to support the region's transition towards a circular economy, setting the stage for a greener future.
Below are excerpts from the interview:
MERYT Catalysts and Innovation has announced plans for significant investments in the Middle East energy sector in 2024. Can you elaborate on the strategic partnerships you are forging and how they align with GCC countries goals?
We are in advanced discussions to establish a joint venture with a key regional partner to develop a world-class catalyst manufacturing plant.
This initiative aligns closely with the GCC’s focus on industrial growth, self-reliance, and sustainable development.
By manufacturing catalysts locally, we aim to reduce import dependency, enhance regional supply chains, and contribute to the creation of high-quality jobs.
Although we are a growing company, this step will position us as a key supplier of advanced catalysts for refineries, petrochemical plants, and chemical producers in the region, and we welcome collaboration opportunities to accelerate this growth.
This story is from the November 2024 edition of Oil and Gas News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 2024 edition of Oil and Gas News.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Ocean light pollution has been invisible for too long
Scientists increasingly understand the damage done by artificial light and action is needed now, says Thomas Davies of the Global Ocean Artificial Light at Night Network
NSK tapered roller bearings selected for wind turbines
EUROPEAN wind turbine manufacturer NSK is set to use high-load-capacity tapered roller bearings in its 15 MW class offshore wind turbines.
Syensqo launches extrudable PPS for sustainable piping
SYENSQO has introduced Ryton PPS XE-5000NA, the first grade of an innovative extrudable polyphenylene sulfide (PPS) technology.
Aspen Technology launches Microgrid Management System
ASPEN Technology has introduced the AspenTech Microgrid Management System (MMS), a solution for heavy electrical power requirements in industries like refining, chemicals, and mining.
Adnoc Gas uses 3D printing for replacement parts
ADNOC Gas has developed a digital library of critical components for the energy industry, which can be manufactured on demand using advanced 3D printing technology.
Africa's O&G growth offers logistics opportunities
THE African Export-Import Bank has signed a $162.9 million financing agreement with port infrastructure firm APD-Cameroon to support the construction of a $232.8 million port terminal in Douala in June 2024.
APPO chief urges African unity against EU carbon tax
DR Omar Farouk Ibrahim, Secretary General of the African Petroleum Producers Organisation (APPO), delivered a powerful message at the AOW - Investing in African Energy conference, calling for a unified African front in the global energy landscape and warning against the detrimental effects of the European Union's planned carbon border adjustment mechanism (CBAM).
UNOC to develop East African Crude Oil Pipeline
THE Uganda National Oil Company (UNOC), in partnership with TotalEnergies, CNOOC, and the Tanzania Petroleum Development Corporation, is leading the development of the East African Crude Oil Pipeline (EACOP), a 1,443km infrastructure project linking Uganda's Tilenga and Kingfisher oilfields to Tanzania's Port of Tanga.
Angola to award 15 new concessions by year-end
THE National Oil, Gas & Biofuels Agency (ANPG) – Angola’s concession aire and regulator – announced that 15 new concessions will be awarded in Angola before the end of 2024.
Rosatom accelerates African nuclear development
ROSATOM, Russia's state-owned nuclear corporation, is accelerating African nuclear development by supporting the construction of nuclear energy facilities, capacity building, mining activities, and regulatory support.
