“Zoetic Global and Modern Industrial Investment Holding Group Collaborate to Drive Energy Efficiency in Saudi Arabia”
You may also like to watch : Who Is Kamala Harris? Biography - Parents - Husband - Sister - Career - Indian - Jamaican Heritage
This landmark agreement sets the stage for tangible results throughout Saudi Arabia as Zoetic and TMG collaborate to provide energy efficiency and generation solutions. By utilizing Zoetic’s refrigerants and working with the leading water purification and hydrogen energy company, the partnership aims to deliver immediate and scalable solutions that are economically compelling.
HRH Prince Turki bin Abdulrahman Al Saud, the Chairman of the Modern Group who participated in the MOU ceremony said, “We are excited to partner with Zoetic and look forward to embarking on a journey that meaningfully addresses Saudi Arabia’s ambitious energy-efficiency and net-zero goals. By implementing innovative and impactful cooling technologies, businesses can significantly reduce their cooling expenses. With Zoetic’s track record in the United States, we hope to replicate their success in Saudi.”
Abdulaziz Fahad Al Hamwah, Vice Chairman and Chief Executive Officer of the Modern Group highlighted the importance of implementing energy savings strategies, particularly as the costs of cooling-related energy expenses go up in the region. “The application of energy-efficient technologies not only alleviates the growing strain of high energy and cooling costs, but also positions the private sector as a key player in mitigating these challenges. We look forward to increasing our engagement with the Zoetic team and bringing their refrigerant and cooling technologies to the Saudi and GCC markets.”
“Saudi Arabia consumes a significant amount of its electricity on air conditioning and Zoetic refrigerants can deliver substantial savings while greatly reducing emissions. Zoetic and its technology partner will also bring leading water purification and hydrogen energy solutions to support the Kingdom’s growth. This collaboration will address the energy and environmental goals as noted in Vision 2030,” said Zoetic CEO Avery Hong.
You may also like to watch: Is US-NATO Prepared For A Potential Nuclear War With Russia - China And North Korea?
Executive Chairman Jerome Ringo added, “Zoetic’s strategic alliance with The Modern Group is focused on carbon reduction solutions that will pave the way for a sustainable future. We are privileged to be TMG’s chosen partner as it pursues its sustainability goals.”
Zoetic Global recently announced its full endorsement of the Global Cooling Pledge which is an important topic of discussion at the United Nations Climate Summit COP28. With the rising threat of global warming leading to excessive air conditioning consumption, the pledge signifies a significant step towards minimizing carbon emissions related to cooling, targeting a reduction of at least 68 percent by 2050. Zoetic Global is actively working with global governments and businesses such as TMG to help them reach the UN’s ambitious climate change goals and plans to announce additional major partnership deals at COP 28.
For additional information on the MOU, contact Mike Peters at [email protected] or Ashleigh Jacubec at [email protected]
About Zoetic Global
ZOETIC means “Of or Pertaining to Life.” It speaks to the focus of its co-founders, Jerome Ringo, and Avery Hong, on bringing impactful solutions to the areas of greatest need. This entails technologies that are innovative, impactful, immediate, and investable. Zoetic is focused on the inclusion of areas of the world disproportionately impacted by climate change.
About Modern Group
Modern Industrial Investment Holding Group includes Modern Chemicals, Modern Steel, Modern Mining, and Modern Healthcare Solutions, which are active in sectors such as petrochemicals, mining, steel, aluminum, and healthcare. Each entity is privately held and in joint venture with publicly listed international market leaders. MIG is based in Riyadh, Saudi Arabia.
Media Contact:
Charlotte Luer
+1.239.404.6785
[email protected]
Photo – https://mma.prnewswire.com/media/2294464/Zoetic_Global.jpg
Logo – https://mma.prnewswire.com/media/2294465/4442290/Zoetic_Global_Logo.jpg
Logo – https://mma.prnewswire.com/media/2294466/4442293/MIG_Logo.jpg
SOURCE Zoetic Global
Zoetic Global, a leading climate impact company, and Modern Industrial Investment Holding Group (MIG), a major conglomerate based in Saudi Arabia, have signed a game-changing Memorandum of Understanding (MOU) at COP28. This landmark agreement sets the stage for tangible results throughout Saudi Arabia as the two companies collaborate to provide energy efficiency and generation solutions.
The partnership aims to deliver immediate and scalable solutions that are economically compelling by utilizing Zoetic’s refrigerants and working with the leading water purification and hydrogen energy company. HRH Prince Turki bin Abdulrahman Al Saud, the Chairman of the Modern Group, expressed excitement about the partnership and the opportunity to address Saudi Arabia’s ambitious energy-efficiency and net-zero goals. By implementing innovative and impactful cooling technologies, businesses can significantly reduce their cooling expenses.
Abdulaziz Fahad Al Hamwah, Vice Chairman and CEO of the Modern Group, emphasized the importance of implementing energy savings strategies, particularly as the costs of cooling-related energy expenses continue to rise in the region. The application of energy-efficient technologies not only alleviates the strain of high energy and cooling costs but also positions the private sector as a key player in mitigating these challenges.
Saudi Arabia consumes a significant amount of its electricity on air conditioning, and Zoetic refrigerants can deliver substantial savings while greatly reducing emissions. Zoetic and its technology partner will also bring leading water purification and hydrogen energy solutions to support the Kingdom’s growth. This collaboration aligns with the energy and environmental goals outlined in Vision 2030.
Zoetic Global CEO Avery Hong stated that the collaboration with The Modern Group will help address the energy and environmental goals set by the United Nations’ Vision 2030. Executive Chairman Jerome Ringo added that the strategic alliance with The Modern Group is focused on carbon reduction solutions that pave the way for a sustainable future.
Zoetic Global recently announced its full endorsement of the Global Cooling Pledge, which aims to minimize carbon emissions related to cooling. The pledge targets a reduction of at least 68 percent by 2050. Zoetic Global is actively working with global governments and businesses to help them reach the UN’s ambitious climate change goals and plans to announce additional major partnership deals at COP28.
This partnership between Zoetic Global and Modern Industrial Investment Holding Group represents a significant step towards achieving Saudi Arabia’s energy-efficiency and net-zero goals. By implementing innovative technologies and strategies, businesses in the region can reduce their cooling expenses, alleviate the strain on energy resources, and contribute to a more sustainable future..
Source
PRNewswire said Zoetic Global and The Modern Group Join Forces to Achieve Net Zero Carbon Goals
RELATED STORY.
