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EANAN inks Memorandum of Understanding (MOU) with University of Dubai, Xi’an Jiaotong University and Zhuji SRJ Materials Laboratory

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EANAN

This collaboration is set to enhance academic exchange among faculty, postdoctoral fellows, and students, thereby enriching the academic and practical experience for all parties involved

DUBAI, United Arab Emirates, July 2, 2024/APO Group/ — 

EANAN Al Samma (https://EANAN.ae/), a UAE-based technology company leading the next evolutionary step in transportation through advanced air mobility (AAM), has signed a memorandum of understanding (MOU) with the University of Dubai (UD), Xi’an Jiaotong University (XJTU) and Zhuji SRJL Materials Laboratory to foster international cooperation in applied sciences and expand the dissemination of academic and research information.

The MoU was signed by Dr Eesa M. Al Bastaki, President of UD, Raymund Scheffler, Shareholder at EANAN, Mr. Cheng Jin, Member of Standing Committee of University Board of XJTU and Dr Lei Li, Executive Director of SRJL during a ceremony in the presence of representatives from all stakeholders. This collaboration is set to enhance academic exchange among faculty, postdoctoral fellows, and students, thereby enriching the academic and practical experience for all parties involved.

As part of this collaboration, a state-of-the-art laboratory will be established at the University of Dubai. This facility aims to promote collaborative efforts between the parties, advance academic research, integrate theoretical knowledge with practical experience, provide students with hands-on training in their field, and strengthen the connections between experts and students from diverse backgrounds. These key objectives align with the rapidly growing Advanced Aerial Mobility industry in the UAE, one of the fastest-expanding markets in aerospace.

Raymund Scheffler, Shareholder of EANAN, said: “We are honoured to collaborate with the key academic and industry specialists including the University of Dubai, XJTU and SRJL to contribute to the development of the field of air mobility. This MOU will allow us to leverage our combined strengths to develop innovative technologies and solutions that will drive the future of the air mobility sector. We look forward to working closely with our partners to foster competence exchange, cultivate talent, and make a tangible impact on the industry.”

This MOU will allow us to leverage our combined strengths to develop innovative technologies and solutions that will drive the future of the air mobility sector

The setting up of an exclusive laboratory at Dubai holds significance as it seeks to further strengthen ties between the UAE and China, fostering innovation and technological advancements through shared expertise and resources.

Dr Eesa M. Al Bastaki, President University of Dubai: “We, at the University of Dubai, are pleased to enter into a strategic partnership with EANAN, one of the leading technology companies in the UAE, along with XJTU and SRJL. This important agreement aims to strengthen academic cooperation and create a fruitful platform for scientific research.  It further aligns with our mission to establish deep collaboration between the UAE and international academic and business societies as well as to establish robust ties to different cultures. Furthermore, we are thrilled to be part of this key partnership as it plays a vital role in supporting the UAE’s ambitious goal to become a global leader in the air mobility and electric motors industry by promoting the development of innovative technologies in this sector.”

Cheng Jin, Member of Standing Committee of University Board of XJTU: “XJTU is currently pursuing a strategy for integration of education and industries. Collaborations with UD, EANAN, SRJL through this MoU are a very important part of this strategy and will be mutually beneficial to all the parties involved. The establishment of the joint laboratory will certainly provide a great opportunity for academic and research staff to get insight into the related fields. The platform will serve as an important base for achieving remarkable progress in science, research and industries in the future. Moreover, it will act as an important link among our partners, as well as between China and the UAE, promoting cooperation and strengthening the friendship between the people in the two countries.”

Dr Lei Li, Executive Director of SRJL: “As a high-energy R&D and industrial incubation platform based on international cooperation, the SRJL focuses on the research of key common technologies in material surface treatment and material body enhancement. The establishment of this joint laboratory signifies that we will engage in deeper cooperation in broader fields such as new materials, new energy equipment, and aircraft power systems. We will work together with a more pragmatic attitude and keen insight to overcome difficulties on the path of scientific research and pursue higher technological achievements.”

In line with the collaboration, the University of Dubai will offer all on-site support and facilities required for the establishment of the laboratory while EANAN will be responsible for confirming its functionality. The MOU enables parties to send delegates to learn each other’s educational system and curriculum design. Additionally, the agreement mandates that postdoctoral from all of the parties should fulfil the requirements set forth by the receiving party to be admitted to a degree-granting or non-degree-granting programme.

Established in Dubai, EANAN is the first company to deliver autonomous multi-copter and flying wing aircraft from its production facility in the country surpassing the rigorous demands and regulatory requirements of the aviation industry.

Distributed by APO Group on behalf of Eanan Al Samma.

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Ministers among hundreds of energy-sector leaders to attend AOW event

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1 day ago

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October 4, 2024

By

Sinclair

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors”

CAPE TOWN, South Africa, October 4, 2024/APO Group/ — 

AOW: Investing in African Energy (https://AOWEnergy.com) – Africa’s leading oil, gas and energy event – has confirmed attendance for more than 80 ministers and senior officials, representing African governments, energy departments and regulators at next month’s event.

These influential stakeholders will be among the more than 1 600 senior delegates and industry leaders who will be attending the event to develop policy, share discoveries, secure investment, and shape Africa’s energy future.

The event kicks off with an invitation-only ministerial symposium focused on the theme of “Fostering innovation, attracting investment, and promoting sustainable growth in the oil, gas, and energy sectors.”

Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention

Among the officials and government ministers attending will be energy leaders from South Africa, Nigeria, Namibia, Cote d’Ivoire, Mozambique, DRC, Ghana, Kenya, Madagascar, Eswatini, Uganda, CAR, Guinea Conakry, Guinea Bissau, Ethiopia, The Gambia, Gabon, Malawi, Morocco, Zanzibar, Liberia, Senegal, Congo Brazzaville and Sierra Leone.

In addition, the event will feature high-level delegations from numerous national oil companies, as well as multilateral bodies including the African Union, (AU), African Energy Commission (AFREC), African Petroleum Producers’ Organization (APPO) and the Southern African Power Pool (SAPP).

AOW will see these energy leaders networking with C-suite executives and decision-makers from more than 760 top energy companies at daily networking events, to discuss insights, forge new relationships, and negotiate major energy deals.

“We are so excited to see the calibre of delegates at this year’s AOW event,” says Chief Executive Officer of Sankofa Events, Paul Sinclair. “Given the recent major oil-and-gas discoveries across Africa, the energy transition and major geopolitical events, it is clear that the energy sector needs positive intervention. The high-powered attendance proves AOW is a key platform to enable this intervention.”

Key themes to be discussed at this year’s AOW will be sustainable upstream development; expanding gas value chains; renewables and new energies; adoption of best-in-class technologies; and access to finance.

AOW: Investing in African Energy will culminate in a special anniversary party at Groot Constantia Vineyard to celebrate 30 years of the AOW event.

Distributed by APO Group on behalf of AOW: Investing in African Energy.

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Afreximbank approves US$20.8 million for Starlink Global’s cashew factory project in Lagos

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1 day ago

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October 4, 2024

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PAPSS

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs

CAIRO, Egypt, October 4, 2024/APO Group/ — 

African Export-Import Bank (Afreximbank) (www.Afreximbank.com) has approved a US$20.8 million financing facility for Nigeria-based Starlink Global & Ideal Limited to enable the company construct and operate a 30,000-metric tonne per annum cashew processing factory in Lagos.

We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria

According to the facility agreement signed in on July 22, 2024, Afreximbank will provide the funds in two tranches with the first tranche of US$7.48M going toward capital expenditure for the construction of the factory and the second, totalling US$13.25M to be deployed as working capital for the operations of the factory.

The facility is expected to promote value addition which will guarantee increased earnings to the company while also fostering the creation of about 400 new jobs once the factory becomes operational. It is also expected to support about 40 small and medium-sized enterprises.

Commenting on the transaction, Mrs. Kanayo Awani, Executive Vice President, Intra Africa Trade and Export Development, Afreximbank, said that by supporting Starlink Global to establish a modern processing facility, Afreximbank is making it possible for Africa to add value to its agro-commodities, thereby facilitating exports and subsequent inflow of much-needed foreign exchange into the continent.

“We are delighted at this partnership which promises to deliver significant impact on employment in Nigeria. It will contribute to value creation and to the development of the local community while also improving the lots of smallholder farmers and small business suppliers that will work with Starlink across the value chain,” Mrs. Awani added.

Distributed by APO Group on behalf of Afreximbank.

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Sonangol to Lead Decarbonized Oil & Gas (O&G) Development, Says Angolan National Oil Company (NOC) Head

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October 4, 2024

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Sonangol

Participating in an on-stage interview at Angola Oil & Gas 2024, Sonangol CEO Sebastião Gaspar Martins emphasized that oil and gas remains a core focus for the national oil company

LUANDA, Angola, October 3, 2024/APO Group/ — 

Angola’s national oil company Sonangol reiterated its commitment to driving sustainable hydrocarbon development during the Angola Oil & Gas (AOG) conference this week. Speaking during an “In-Conversation with” session, Sonangol CEO Sebastião Gaspar Martins stated that the company will not abandon oil and gas, but rather advance decarbonized oil and gas development.

We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas

By investing in upstream oil and gas production while prioritizing low-carbon projects, Sonangol aims to boost national crude output, while diversifying and decarbonizing the industry. The NOC is focusing efforts on non-associated gas development, as well as alternative energy sources such as solar.

“We are looking at opportunities in the gas sector and have identified the right partner to develop non-associated gas. Gas produced from Angola LNG will be used for the production of fertilizer and we are evaluating the utilization of gas in the south of the country, linking gas with steel industries. We also have a blue carbon project, linked to the reduction of carbon through the plantation of mangroves. We have one area in Luanda and have identified four additional areas for this,” stated Gaspar Martins.

Sonangol has undergone transformation in recent years: following the creation of the National Oil, Gas & Biofuels Agency (ANPG) in 2019, Sonangol transferred its role as national concessionaire and regulator. This transformation has aimed to make Sonangol more competitive and strengthen its capacity as an upstream operator. Concurrently, the government is partially privatizing the NOC, with privatization set to be complete in 2026. This process will enhance financial capacity, allowing Sonangol to drive new upstream projects forward.

“The transformation of Sonangol started several years ago, when we passed the regulatory, concessionaire role to the ANPG. At the time, we transferred almost 600 employees to the ANPG. After that, Sonangol underwent a restructuring program where we created five core business units from 36 different entities – starting with exploration and production. We want to go public, but we want to do it properly. So, we are currently going through all the processes to do this,” stated Gaspar Martins.

Distributed by APO Group on behalf of Energy Capital & Power.

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