Masdar and Tribe to establish joint venture for energy from waste projects in Australia

  • Date: 28-Nov-2020
  • Source: Eye of Riyadh
  • Sector:Oil & Gas
  • Country:UAE
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Masdar and Tribe to establish joint venture for energy from waste projects in Australia

Masdar, one of the world's leading renewable energy companies, and Tribe Infrastructure Group, an infrastructure advisory and development firm, will strengthen their collaboration in the deployment of utility-scale energy-from-waste (EfW) projects by establishing a joint venture in Australia. The announcement was made by the Honorable Christopher Pyne, Former Australian Defence Minister, and His Excellency Abdullah Al Subousi, UAE Ambassador to Australia, alongside Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, and Peter McCreanor, Tribe CEO, during the inauguration of the Australia-United Arab Emirates Business Council, which took place in Sydney, Australia. The aim of the JV company is to develop EfW projects across Australia, as well as to support the delivery and management of these projects."Tribe and Masdar have the distinction of being the first companies to ink contracts that actively engage in business activity in Australia as part of theAustralia UAE Business Council. Australia and the UAE have very strong connections, and the joint venture agreement between Masdar and Tribe for turning waste into energy is only the beginning of the relationship that the two companies will have across Australia,“ said Hon Pyne. "This is an exciting day for both the United Arab Emirates and Australia. I have no doubt that