Why Asian giants are backing ‘clean’ rival to electric vehicles

Why Asian giants are backing ‘clean’ rival to electric vehicles
Safety fears have led to protests outside a hydrogen fuel cell power plant in Incheon, South Korea. (Reuters)
Updated 25 September 2019

Why Asian giants are backing ‘clean’ rival to electric vehicles

Why Asian giants are backing ‘clean’ rival to electric vehicles
  • Hydrogen’s proponents point to how it can be made from sources including methane, water, even garbage

VANCOUVER: China, Japan and South Korea have set ambitious targets to put millions of hydrogen-powered vehicles on their roads by the end of the next decade at a cost of billions of dollars.

But to date, hydrogen fuel cell vehicles (FCVs) have been upstaged by electric vehicles, which are fast becoming a mainstream option due to the success of Tesla Inc’s luxury cars as well as sales and production quotas set by China.

Critics argue FCVs may never amount to more than a niche technology. But proponents counter hydrogen is the cleanest energy source for autos available, and that with time and more refueling infrastructure, it will gain acceptance.

China, the world’s biggest auto market with 28 million vehicles sold annually, is aiming for more than 1 million FCVs in service by 2030. That compares with just 1,500 or so now, most of which are buses.

Japan, a market of more than 5 million vehicles annually, wants to have 800,000 FCVs sold by that time from around 3,400 currently.

South Korea, which has a car market just one third the size of Japan, has set a target of 850,000 vehicles on the road by 2030. So far, fewer than 3,000 have been sold.

Hydrogen’s proponents point to how clean it is as an energy source — water and heat are the only byproducts — and how it can be made from a number of sources, including methane, coal, water, even garbage. Resource-poor Japan sees hydrogen as a way to greater energy security.

They also argue that driving ranges and refueling times for FCVs are comparable to gasoline cars, whereas EVs require hours to recharge and provide only a few hundred kilometers of range.

Many backers in China and Japan see FCVs as complementing EVs rather than replacing them. In general, hydrogen is seen as the more efficient choice for heavier vehicles that drive longer distances, hence the current emphasis on city buses.

Only a handful of automakers have made fuel cell passenger cars commercially available.

Toyota Motor Corp. launched the Mirai sedan at the end of 2014, but has sold fewer than 10,000 globally. Hyundai Motor has offered the Nexo crossover since March last year and has sold just under 2,900 worldwide. It had sales of around 900 for its previous FCV model, the Tucson.

Honda’s Clarity Fuel Cell is available for lease, while Daimler AG’s GLC F-CELL has been delivered to a handful of corporate and public sector clients. Buses are seeing more demand. Both Toyota and Hyundai have begun selling fuel cell components to bus makers, particularly in China.

Several Chinese manufacturers have developed their own buses, notably state-owned SAIC Motor, the nation’s biggest automaker, and Geely Auto Group, which also owns the Volvo Cars and Lotus brands.


Egypt in talks with international firms to invest in data centers, says minister

Egypt is in talks with international companies to boost investment in data centers and information technology. (Shutterstock/Illustrative)
Egypt is in talks with international companies to boost investment in data centers and information technology. (Shutterstock/Illustrative)
Updated 30 min 32 sec ago

Egypt in talks with international firms to invest in data centers, says minister

Egypt is in talks with international companies to boost investment in data centers and information technology. (Shutterstock/Illustrative)
  • The aim is to take advantage of the geographical location of Egypt and the passage of a large number of international data cables between Asia and Europe

RIYADH: Egypt is in talks with international companies to boost investment in data centers and information technology, the country's communications minister revealed.

The aim is to take advantage of the geographical location of Egypt and the passage of a large number of international data cables between Asia and Europe, reaching North America, said Minister of Communications and Information Technology,Amr Talaat.

It is part of a wider push to build an integrated digital society, Al Arabiya reported.

That is why the budget for the information technology sector and the ministry’s budget has been growing over the last two years and will continue to grow over the next three years, he added.

“We have started building the Egypt digital platform that provides more than 70 digitized government services at the present time, and we look forward to increasing it to 170 services by the end of this year, and then increasing to include all government services within two years until 2023,” said the minister.


Egyptian prime minister discusses industry localization with US firm Bechtel

According to a statement issued by the Egyptian government, Madbouly said that the Bechtel delegation’s visit to Egypt was part of a strategy to enhance Egyptian-American cooperation. (AFP/File Photo)
According to a statement issued by the Egyptian government, Madbouly said that the Bechtel delegation’s visit to Egypt was part of a strategy to enhance Egyptian-American cooperation. (AFP/File Photo)
Updated 10 May 2021

Egyptian prime minister discusses industry localization with US firm Bechtel

According to a statement issued by the Egyptian government, Madbouly said that the Bechtel delegation’s visit to Egypt was part of a strategy to enhance Egyptian-American cooperation. (AFP/File Photo)
  • Mostafa Madbouly said the country was currently localizing industrial production with the aim of rendering it more sustainable

CAIRO: Egyptian Prime Minister Mostafa Madbouly held discussions with US construction firm Bechtel on ways to increase the use of local products and components in the development of projects in Egypt.

According to a statement issued by the Egyptian government, Madbouly said that the Bechtel delegation’s visit to Egypt was part of a strategy to enhance Egyptian-American cooperation across a number of sectors.

The prime minister said there were several projects in Egypt being developed in cooperation with American companies, like the petrochemical complex in the Ain Sokhna area. He added that he is following up on these megaprojects.

Madbouly also said that he welcomed the cooperation proposed by Bechtel in constructing a sixth metro line and in managing new cities.

Bechtel’s Infrastructure Global Business Unit President Shaun Kenny expressed his enthusiasm to work with the Egyptian government on megaprojects currently being implemented, especially the metro line.

The Egyptian prime minister stated that the country is currently localizing its industrial production with the aim of rendering it more sustainable.


Egypt’s Cleopatra Hospitals bid to buy Alameda Healthcare halted

Egypt’s Cleopatra Hospitals Group said its bid to acquire Alameda Healthcare through a sale and purchase agreement of shares has been halted. (Cleopatra Hospitals Group)
Egypt’s Cleopatra Hospitals Group said its bid to acquire Alameda Healthcare through a sale and purchase agreement of shares has been halted. (Cleopatra Hospitals Group)
Updated 10 May 2021

Egypt’s Cleopatra Hospitals bid to buy Alameda Healthcare halted

Egypt’s Cleopatra Hospitals Group said its bid to acquire Alameda Healthcare through a sale and purchase agreement of shares has been halted. (Cleopatra Hospitals Group)
  • The proposed deal was originally announced by Cleopatra in late December 2020

RIYADH: Egypt’s Cleopatra Hospitals Group said its bid to acquire Alameda Healthcare through a sale and purchase agreement of shares has been halted.

It made the disclosure in a filing to the Egyptian Stock Exchange on Monday.

The proposed deal was originally announced by Cleopatra in late December 2020, with an estimated value of about $500 million.

But it was quickly followed by an announcement from the Egyptian Competition Authority saying that it did not agree in principle to the acquisition.

It highlighted the potential consolidation of Cleopatra’s dominance over hospitals around Cairo and Giza.

Alameda Healthcare’s network includes four tertiary care hospitals in Cairo, two of which are currently being constructed. Once the facilities are fully commissioned Alameda Healthcare will have a capacity of 890 beds, according to its website. The network also includes facilities in Kuwait and London, outpatient clinics, diagnostic centers, specialist centers, pharmacies, and a rehabilitation center.


Saudi Kafalah small business loan program expands rapidly in Q1

Some 215 private sector business women benefited from the scheme during the first quarter of this year, compared to 64 during the year-earlier period. (Shutterstock/File Photo)
Some 215 private sector business women benefited from the scheme during the first quarter of this year, compared to 64 during the year-earlier period. (Shutterstock/File Photo)
Updated 10 May 2021

Saudi Kafalah small business loan program expands rapidly in Q1

Some 215 private sector business women benefited from the scheme during the first quarter of this year, compared to 64 during the year-earlier period. (Shutterstock/File Photo)
  • Businesses in Riyadh, the Eastern Region and Makkah claimed the lion’s share of assistance

RIYADH: The Saudi SMEs loan guarantee program ‘Kafalah’ helped 1621 businesses during the first quarter of 2021 — up 162 percent year-on-year, Al Eqtisadiah reported.

Guarantees increased by about 150 percent to SR2.9 billion and financing reached SR3.6 billion, the newspaper said.

Some 215 private sector business women benefited from the scheme during the first quarter of this year, compared to 64 during the year-earlier period.

The value of guarantees during the first quarter amounted to SR142 million and the value of financing reached SR157 million.

The most prominent sectors benefiting included the wholesale and retail trade, construction, accommodation services, food, and manufacturing industries, according to Kafalah.

Businesses in Riyadh, the Eastern Region and Makkah claimed the lion’s share of assistance.

The program will mostly target the tourism and entertainment sectors this year, in addition to the communications and information technology sectors, said Kafalah Director-General Homam Bin Abdulaziz Hashem.

The program was founded in 2006 as a joint initiative between the Kingdom’s ministry of finance and Saudi commercial banks to help overcome SME financing constraints.


A bamboo bat? That’s just not cricket old boy

A bamboo bat? That’s just not cricket old boy
Updated 10 May 2021

A bamboo bat? That’s just not cricket old boy

A bamboo bat? That’s just not cricket old boy
  • Faster growing Bamboo seen as a more sustainable alternative to Willow

Cricket is a sport defined by tradition, but change may be in store after research suggested bamboo could be an attractive alternative to willow in the manufacture of bats.
The Cambridge University study said its prototype bamboo bat was cheaper to produce, more sustainable and stronger than traditional willow blades and could grow the game worldwide.
The article, published in the Journal of Sports Engineering and Technology on Sunday, also found the laminated bamboo bat possessed a larger sweet spot, making it “a batsman’s dream.”
Willow trees take 15 years to mature enough to produce cricket bats, whereas bamboo only requires five to six years and abounds in China, South America and southeast Asia as well as cricket-obsessed India.
Bamboo bats could increase participation in lower-income countries thanks to lower production costs and make cricket much more sustainable without compromising quality, the study claimed.
Co-author Ben Tinkler-Davies said: “Whether you’re playing or spectating, you wouldn’t notice much of a difference.
“Because laminated bamboo is so strong, we’re very confident we can make a bamboo bat light enough, even for today’s fast-scoring, short forms of the game.”
The study found that bamboo is 22 percent stiffer than willow and that its sweet spot performed 19 percent better.
The prototype bat’s sweet spot — the point where the ball is hit most effectively — is larger than a traditional bat’s and located closer to the toe.
That allows it to transfer more energy to the ball, the researchers said.
Bamboo bats would be “a batsman’s dream,” according to co-author Darshil Shah, who played cricket for Thailand at youth level.
“The sweet spot on a bamboo bat makes it much easier to hit a four off a yorker for starters, but it’s exciting for all kinds of strokes,” he added.
Bamboo’s higher density means that the bat’s shape would have to be redesigned to make a lighter product before batsmen can blast bowlers with their new weapon.
The London-based Marylebone Cricket Club (MCC) — the conservative custodian of cricket’s laws — must approve any change to the material used to make bats.
Cricketers have long experimented with different types of bat, from the length of the handle to thickness of the blade and weight, to try to gain a competitive edge.
In 1979, Australia’s Dennis Lillee caused controversy by using an aluminum bat, which was then banned.
Cricket’s current laws — brought in after the Lillee incident — state that bats must be made of wood, but bamboo is a type of grass.
“Playing with a bamboo bat would be within the spirit of the game because it’s a plant-based material. Cane, a type of grass, is already used in the handle,” said Shah.
“Tradition is important but think about how much cricket bats, pads, gloves and helmets have already evolved.
“If we can go back to having thinner blades but made from bamboo, while improving performance, outreach and sustainability, then why not?“