Liquefied Petroleum Gas (LPG) systems
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Tanmiah Signs Three Strategic MoUs to Advance Saudi Green Goals and Launches Region's First Geothermal-Cooled Poultry Facility
Prnewswire· 2025-11-23 16:54
Core Insights - Tanmiah Food Company signed three Memorandums of Understanding (MoUs) with Schneider Electric, Strataphy, and Kayes Arabia to accelerate its decarbonization efforts and improve energy efficiency [1][3][4] - The initiatives are aligned with Saudi Arabia's Vision 2030 sustainability objectives, emphasizing the company's commitment to climate action [3][7] Group 1: Strategic Partnerships - The MoU with Schneider Electric focuses on developing a carbon inventory assessment and setting measurable emission reduction targets under the Science Based Targets initiative (SBTi) framework [4] - Collaboration with Strataphy will introduce geothermal cooling systems at Tanmiah's Shaqrah Facility, marking the region's first geothermal-cooled poultry operation [5] - The agreement with Kayes Arabia aims to convert diesel-powered equipment to Liquefied Petroleum Gas (LPG) systems, reducing carbon emissions and operational costs [6] Group 2: Technological Innovations - Tanmiah's Chief Strategy Officer presented innovative solutions involving IoT and AI in logistics and farming operations, along with successful trials of alternative locally grown feed [3] - The geothermal cooling system operates under Strataphy's Cooling as a Service (CaaS) model, providing a scalable, low-carbon solution for poultry production [5][10] Group 3: Company Overview - Tanmiah Food Company, established in 1962, is a leading provider of fresh poultry, processed proteins, and animal feed in the Middle East, operating 149 farms and multiple processing facilities [8][9] - The company emphasizes sustainability through initiatives such as planting a million trees and utilizing wastewater from its facilities [9]
Fusion Fuel Announces EGM Results: All Shareholder Proposals Approved
Globenewswire· 2025-11-06 23:10
Core Points - Fusion Fuel Green PLC announced the approval of all shareholder proposals at the general meeting held on November 6, 2025 [1][2] - The approved proposals included an increase in the Company's authorized share capital and amendments to the Company's articles of association [2] - Shareholders elected Pierce Crosby and Steven Gold as Class II Directors, while Jeffrey E. Schwarz and Rune Magnus Lundetrae resigned from the Board [3] Company Strategy - The Company aims to be an owner and manager of multiple independent, fast-growing, profitable companies in the energy and utilities sectors [3] - The recent vote allows the Company to continue discussions on large-scale strategic transactions, including digital and commodity asset treasury initiatives [4] Company Overview - Fusion Fuel Green PLC is a leader in the energy services sector, providing energy supply, distribution, and engineering solutions through subsidiaries like Al Shola Gas, BrightHy, and BioSteam Energy [4] - Al Shola Gas offers full-service industrial gas solutions, BrightHy focuses on hydrogen solutions for decarbonization, and BioSteam Energy provides biomass-powered industrial steam solutions [4]
Fusion Fuel Green PLC Reports New Al Shola Gas Contracts and Announces Expansion into the UAE’s Northern Emirates
Globenewswire· 2025-10-09 11:00
Core Insights - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Gas Distribution LLC, has signed multiple new operational and utility contracts in September 2025 and is planning a strategic expansion into the northern emirates of the UAE [1][5][7] New Contracts - ASG signed a major utility contract for a residential development with 1,000 apartments, which includes a one-time project fee of approximately $100,000 and an annual revenue of about $300,000 from gas and boiler supply services, with project handover scheduled for November 2025 [2] - Additionally, ASG secured engineering and installation contracts for a project comprising six developments, totaling approximately $430,000, which includes 965 apartments and 10 retail shops, with revenue expected to start in December 2025 [3] - ASG commissioned six new boiler systems, anticipated to generate around $200,000 in additional annual recurring revenue, managed directly through development teams [4] Expansion into Northern Emirates - ASG is expanding into the northern emirates of the UAE, planning to invest in human resources, operational infrastructure, and assets over the next 12-18 months [5] - The northern emirates, which include Ras Al Khaimah, Sharjah, Fujairah, Ajman, and Umm Al Qaiwain, account for roughly one-third of the UAE's population and are recognized as fast-growing economic hubs [6] - The UAE aims for a GDP of $800 billion by 2030, with the northern emirates expected to play a crucial role in this growth, driven by real estate and industrial expansion [7] Company Performance - Al Shola Gas has experienced significant year-on-year growth in demand across its residential and mixed-use portfolio, reflecting confidence in the UAE's long-term development trajectory [8]
Fusion Fuel Announces Over $1.2 Million in New Gas Engineering Projects for Subsidiary Al Shola Gas, Building on Strong 2025 Contract Momentum
Globenewswire· 2025-06-24 16:05
Core Viewpoint - Fusion Fuel Green PLC's subsidiary, Al Shola Al Modea Gas Distribution LLC, has secured additional engineering and utility projects worth AED 4.4 million (~$1.2 million USD) in Dubai, indicating strong demand and commercial momentum in the UAE's energy infrastructure market [1][2]. Summary by Sections New Engineering Projects - Al Shola Gas has secured over $2.7 million in engineering contracts and 1,800 new residential service contracts since the beginning of 2025 [2]. - The new projects will convert to recurring revenue through long-term utility service contracts [4]. Utility Business and Bulk LPG Supply - Al Shola Gas has surpassed 12,000 active customers and expects continued growth in recurring revenue as contracted assets are commissioned [5]. - Bulk LPG supply remains robust, with current volumes exceeding 600 metric tons per month, with a target of reaching 800 metric tons monthly by year-end [6]. Company Strategy and Market Position - The combination of engineering revenue and high-margin recurring utility income reflects the company's strategy to build durable, cash-generating infrastructure assets in the region [7]. - Al Shola Gas is positioned as a preferred partner for developers needing reliable and efficient LPG system delivery and service [5]. Specific Project Details - Dubai Marina Development: DBOM contract for 620 residential apartments and 5 retail outlets, total contract value AED 885,000 [9]. - Business Bay Tower: High-rise with 242 apartments and 3 retail outlets, contract value AED 395,000 [9]. - Satwa Mid-Rise Development: 240 apartments, total contract value AED 2.6 million [9]. - Additional Cluster Projects: Four smaller projects across Dubai, collectively valued at AED 520,000 [9].