Oman Investment Fund

CKGSB's Win in China Program - A Resounding Success in Oman

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金曜日, 12月 1, 2023

BEIJING, Dec. 1, 2023 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) has successfully concluded its "Economic Leadership - Win in China" program, in partnership with the Royal Academy of Management (RAM) in Muscat, Oman, on November 20-22, 2023.

Key Points: 
  • BEIJING, Dec. 1, 2023 /PRNewswire/ -- Cheung Kong Graduate School of Business (CKGSB) has successfully concluded its "Economic Leadership - Win in China" program, in partnership with the Royal Academy of Management (RAM) in Muscat, Oman, on November 20-22, 2023.
  • The program hosted 40 CEOs from Omani state-owned companies and the private sector, with the goal of equipping them with the skills to successfully navigate the Chinese market, build their capacity to win in and with China, and foster closer business relations between the business communities of the two countries.
  • The program featured lectures by CKGSB professors and leaders such as CKGSB Dean Xiang Bing , CKGSB Professor of Economics and Associate Dean, Li Wei, Sinopec's former Chairman Fu Chengyu, and JD.com's former Chief Strategy Officer Liao Jianwen .
  • The program also featured panel sessions with business leaders invited by CKGSB and RAM.

SLB Collaborates with Oman’s Ministry of Energy and Minerals and the Oman Investment Authority on Geothermal Resource Development

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水曜日, 11月 16, 2022

SLB (NYSE: SLB) is collaborating with Omans Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Omans geothermal resources.

Key Points: 
  • SLB (NYSE: SLB) is collaborating with Omans Ministry of Energy and Minerals and the Oman Investment Authority in building a national strategy to develop the potential of Omans geothermal resources.
  • Using digital technology solutions to assess geothermal resource potential can accelerate prospectivity analysis and, ultimately, the delivery and performance of geothermal installations.
  • We are excited to work with the Ministry of Energy and Minerals and the Oman Investment Authority to explore decarbonization pathways for Oman.
  • This collaboration between the Ministry of Energy and Minerals, Oman Investment Authority and SLB is in line with Omans efforts to decarbonize the energy sector, achieve its Net Zero goal, and implement Oman Vision 2040.

Ascend Elements Secures $300 Million in Funding

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水曜日, 10月 26, 2022

WESTBOROUGH, Mass., Oct. 26, 2022 /PRNewswire/ -- Ascend Elements, a U.S.-based engineered materials and lithium-ion battery recycling company, today announced it has secured $300 million in equity and debt financing, including $200 million in Series C equity investments from an international group of strategic and financial investors. The funding round was led by Fifth Wall Climate and joined by SK ecoplant, the environmental unit of South Korean conglomerate SK Group. Other new investors include Oman Investment Authority,  Lithium Americas Corporation, GLy Capital Management's New Mobility Fund, Mirae Asset Capital & LS and Shinhan GIB. Many investors from previous funding rounds also participated in the latest round, including Hitachi Ventures, Jaguar Land Rover's InMotion Ventures, TDK Ventures, Orbia Ventures, At One Ventures, TRUMPF Venture, and Doral Energy-Tech Ventures. This funding is in addition to two recently awarded grants totaling $480 million from the Department of Energy.

Key Points: 
  • This funding is in addition to two recently awarded grants totaling $480 million from the Department of Energy.
  • The announcement follows Ascend Elements' recently disclosed plans to invest up to $1 billion to build a sustainable lithium-ion battery materials facility in Hopkinsville, Ky.
  • "Our investment partners understand the urgent need to produce sustainable, lithium-ion battery materials," said Ascend Elements CEO Mike O'Kronley.
  • With fewer batteries going to landfill and a cleaner manufacturing process, Ascend Elements is taking the lithium-ion battery industry to a higher level of sustainability.

Air Products, OQ and ACWA Power Sign Joint Development Agreement Toward World-Scale Green Hydrogen-Based Ammonia Production Facility in Oman

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木曜日, 5月 26, 2022

ALLENTOWN, Pa. and MUSCAT, Oman and RIYADH, Saudi Arabia, May 26, 2022 /PRNewswire/ -- Air Products (NYSE: APD), OQ, Oman's leading integrated energy group, and ACWA Power (TADAWUL: 2082) today signed a joint development agreement (JDA) toward a multibillion-dollar investment in a world-scale green hydrogen-based ammonia production facility powered by renewable energy in Oman.

Key Points: 
  • It is anticipated that the green hydrogen-based ammonia production facility would be equally owned by the project partners.
  • Commenting on this venture, OQ Chairman Mulham Al Jarf said, "We are proud of our partnership with ACWA Power and Air Products.
  • Oman continues to be a key market for ACWA Power for its potential, resources and location, making it a tremendous enabler for the production of green hydrogen.
  • ACWA Power (TADAWUL: 2082) is a developer, investor and operator of power generation, desalinated water and green hydrogen production plants.