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    Sahm Capital Opens New Jeddah Office to Strengthen Investor Support as User Base Continues to Grow

    Sahm Capital Opens New Jeddah Office to Strengthen Investor Support as User Base Continues to Grow

    Sahm Capital Opens New Jeddah Office to Strengthen Investor Support as User Base Continues to Grow

    شركة سهم كابيتال تفتتح مكتباً جديداً في جدة لتعزيز دعم المستثمرين مع استمرار نمو قاعدة المستخدمين

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    BingX Renews Chelsea FC Partnership, Bolstering Leadership in Global Sports Strategy

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    تجدد BingX شراكتها مع نادي تشيلسي، معززةً ريادتها في استراتيجية الرياضة العالمية

    JETOUR’s Premium G Series Unveils New Visual Identity “Ridge of Steel” Led by Legendary Designer Paula Scher

    JETOUR’s Premium G Series Unveils New Visual Identity “Ridge of Steel” Led by Legendary Designer Paula Scher

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      Sahm Capital Opens New Jeddah Office to Strengthen Investor Support as User Base Continues to Grow

      Sahm Capital Opens New Jeddah Office to Strengthen Investor Support as User Base Continues to Grow

      Sahm Capital Opens New Jeddah Office to Strengthen Investor Support as User Base Continues to Grow

      شركة سهم كابيتال تفتتح مكتباً جديداً في جدة لتعزيز دعم المستثمرين مع استمرار نمو قاعدة المستخدمين

      BingX Renews Chelsea FC Partnership, Bolstering Leadership in Global Sports Strategy

      BingX Renews Chelsea FC Partnership, Bolstering Leadership in Global Sports Strategy

      تجدد BingX شراكتها مع نادي تشيلسي، معززةً ريادتها في استراتيجية الرياضة العالمية

      تجدد BingX شراكتها مع نادي تشيلسي، معززةً ريادتها في استراتيجية الرياضة العالمية

      JETOUR’s Premium G Series Unveils New Visual Identity “Ridge of Steel” Led by Legendary Designer Paula Scher

      JETOUR’s Premium G Series Unveils New Visual Identity “Ridge of Steel” Led by Legendary Designer Paula Scher

      $1.8 Billion by 2032: 5 Beauty-Tech Trends Powering the Home Facial Steamer Market

      $22.4 Billion by 2032 — Why the 32-Inch Format Dominates Smart Homes & Industrial HMIs

      $12.4 Billion by 2032: 5 Learning Revolutions Fuelling the Global Edutainment Market

      $128.6 Billion by 2032 — Standalone Headsets Lead the VR Gaming Explosion

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      Rondo and SAMSUNG E&A partner for Carbon Capture and Direct Air Capture projects in Saudi Arabia

      Qatar NewsRoom by Qatar NewsRoom
      January 15, 2025
      in MIDDLE EAST
      Alla Taliji: DBInvesting will become the Key Player for Forex and Crypto Investments in the Middle East
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      The companies will explore promoting Rondo Heat Battery-powered CCS and DAC projects across the Kingdom

      IKTVA Forum & Exhibition 2025 (IKTVA 2025), Khobar Saudi Arabia — (ARAB NEWSWIRE) — Rondo Energy, the leading provider of zero-carbon industrial heat and power, today entered into a Memorandum of Understanding (MoU) with SAMSUNG E&A, a total solutions provider for the global energy industry.

      The companies will collaborate to explore delivering low-cost carbon capture and carbon removal projects in KSA, building upon Rondo’s world-class energy storage and SAMSUNG E&A’s extensive experience building mega-scale energy projects.

      The announcement occurred at IKTVA 2025, where SAMSUNG E&A also showcased its comprehensive solutions, such as its Advanced Digital Solutions and ECO & Green Solutions. SAMSUNG E&A has executed 32 projects in Saudi Arabia, bringing a proven track record and know-how in the region to this new partnership.

      The Rondo Heat Battery (RHB) supplies continuous energy from stored wind and solar power at the gigawatt scale and high temperatures needed for industrial processes. Rondo previously entered into an MoU with Aramco to bring RHB technology to the Kingdom for industrial, hydrogen, and carbon capture projects. Today’s announcement is an important step toward delivering fully integrated projects built with substantial in-Kingdom engineering and manufacturing.

      “Saudi Arabia is a solar superpower, with the world’s lowest cost solar energy. Rondo can put this resource to work, cutting costs and carbon emissions at industrial facilities, powering the production of low carbon hydrogen, and delivering the world’s lowest-cost carbon capture,” said John O’Donnell, Founder and Chief Innovation Officer of Rondo. “Rondo is excited to be partnering with SAMSUNG E&A and in-Kingdom vendors to deliver large-scale projects, building upon SAMSUNG E&A’s track record of certainty, safety, quality, and cost leadership in the Kingdom and worldwide.”

      “SAMSUNG E&A is focusing our business to meet the needs of today’s energy industry and build for tomorrow’s. Our core strategy of ‘addressing societal challenges through technology’ is driving us to advance new energy transition businesses such as hydrogen, carbon neutrality, and sustainable fuels, using our deep capabilities built over decades of energy projects around the world,” said Hong Namkoong, President and CEO of SAMSUNG E&A.“

      Local Value Creation
      Rondo Heat Batteries capture intermittent electricity, storing that energy as heat in brick, to deliver steam and power for industry.  Rondo’s storage materials can be made in-Kingdom from domestic mineral resources, and local supply chains now exist for other RHB components. Rondo and Samsung will work to optimize in-Kingdom value of jointly developed and built projects.

      —

      About Rondo Energy
      Rondo is purpose-built for industrial facilities: its Heat Batteries are constructed from proven, durable materials and are designed for seamless integration with existing industrial equipment and processes. Whether deployed as a drop-in replacement for retiring fossil-fueled heating equipment or as a resilient complement to existing systems, Rondo requires no disruptive changes to customers’ operations.

      Rondo currently operates the world’s highest temperature, highest efficiency commercial energy storage system, at Calgren Renewable Fuels in Pixley, California. Rondo Energy is headquartered in Alameda, California. Learn more at rondo.com

      About SAMSUNG E&A

      At SAMSUNG E&A, we aim to create value based on the world’s best technological competence and contribute to our clients, society, and people. SAMSUNG E&A, a total solutions provider, offers comprehensive solutions for the global energy industry, such as energy transition, oil-gas processing, refinery, petrochemical, environmental, industrial, and bio. Providing professional services across the whole project cycle ranging from professional feasibility studies to design, procurement, construction, commissioning, maintenance & operation. SAMSUNG E&A has completed more than 1,500 projects worldwide.

      To prepare for ESG-based eco-friendly businesses in the future, we expanded our value chain to the business of operating green infrastructure, such as water treatment facilities and incinerators, and green solution businesses for energy optimization and carbon neutrality. To preemptively respond to changes in the global energy industry and take the lead in resolving global warming, we will provide optimal solutions based on our technologies and expertise.

      For more information, please visit www.samsungena.com

      Media Contact:
      Alex Petersen
      Tigercomm – Sr. Account Manager
      203-313-7699
      alex@tigercomm.us

      This press release is issued through Arab Newswire (www.arabnewswire.com) – a newswire service for Arab World, Middle East and North Africa (MENA), and it is distributed by EmailWire™ (www.emailwire.com) – the global newswire service that provides Press release distribution with guaranteed results™





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      Tags: Carbon CaptureDirect Air CaptureIKTVA 2025KhobarKSARondoRondo EnergySAMSUNG E&ASAUDI ARABIA
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      • شركة سهم كابيتال تفتتح مكتباً جديداً في جدة لتعزيز دعم المستثمرين مع استمرار نمو قاعدة المستخدمين
      • Sahm Capital Opens New Jeddah Office to Strengthen Investor Support as User Base Continues to Grow
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      • BingX Renews Chelsea FC Partnership, Bolstering Leadership in Global Sports Strategy

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