Marubeni, Ajlan, United District Energy International launch District Cooling company in Saudi Arabia

The three organisations sign a JV to launch Diarona District Energy Limited in

By CCME Content Team

the Kingdom

Marubeni said demand for District Cooling in the Kingdom is expected to expand due to factors such as continuous population growth and urbanisation, vigorous real estate development and increased motivation for energy conservation. Marubeni said the three companies aim to meet local demand by combining Marubeni’s knowhow in infrastructure business development and operation in the Kingdom; UDEI’s extensive experience in District Cooling; and Ajlan’s local network, by virtue of its involvement in a wide range of businesses in the Kingdom.

MARUBENI Corporation said it has entered into a joint venture with Saudi Arabiaheadquartered Ajlan & Bros for Trading and with Qatar-headquartered United District Energy International (UDEI) on January 19 to enter into the District

Cooling business in the Kingdom of Saudi Arabia. Making the announcement through a Press release it sent to Climate Control Middle East on May 15, Marubeni said the company formed through the JV has been incorporated as Diarona District Energy Limited.

Honeywell joins Eurovent Middle East Association says company is the latest to join its growing list of industry players

By CCME Content Team

EUROVENT Middle East said that Honeywell has become the latest addition to a growing group of industry players that are coming together to support in the transition to more sustainable technologies in the Middle East. This signifies the growing importance of collaboration among industry organisations to promote progress, Eurovent said, while announcing the coming on board of Honeywell.

Tariq Al Ghussein, President, Eurovent Middle East, welcoming Honeywell, said: “With Honeywell, another big name in the industry is joining our efforts to provide an organised and coordinated approach to the region’s challenges in our sector. Building management is one of the key elements in energy-efficient building operations. Honeywell will be an excellent addition to our joint competence as an organisation in various fields of our industry.”

Marubeni said it formulated its long-term vision for climate change in March 2021 and has positioned a green strategy as one of its basic policies for enhancing corporate value in its midterm management strategy, ‘GC2024’. Through the tripartite initiative, Marubeni said, it will expand its community-based utility service business, accelerate the process of decarbonisation, and contribute to the sustainable economic development of the Kingdom.

Eurovent said that Honeywell has more than 100 years of experience innovating and that the company delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials, globally.

George Bou Mitri, Vice President and General Manager, Middle East and North Africa, Honeywell Performance Materials Technologies, said: “As the Middle East places an increased focus on sustainability, Honeywell’s portfolio of energy efficient performance materials and building technologies that help create safe, efficient and productive facilities, are ready now to help. Joining an industry association like Eurovent Middle East allows Honeywell and other organisations to support the region’s environmental transformation.”