Qatar Rail wins CIHT 2025 Decarbonisation Award
Reinforcing its global leadership in sustainable innovation, Qatar Railways Company (Qatar Rail) won the prestigious CIHT Decarbonisation Award 2025, presented by the UK-based Chartered Institution of Highways and Transportation (CIHT), for its pioneering project 'Regenerative Propulsion in the Doha Metro: Kinetic Energy to Electrical Energy'. This achievement further cemented Qatar Rail's position as a leader in environmental innovation and sustainability within the public transportation sector. The award was announced during the CIHT Annual Awards Ceremony, held at the Royal Lancaster Hotel in London, and attended by over 480 international leaders and experts in transport. (QNA) page 2
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Qatar Tribune
19 hours ago
- Qatar Tribune
Qatar Rail wins CIHT 2025 Decarbonisation Award
Reinforcing its global leadership in sustainable innovation, Qatar Railways Company (Qatar Rail) won the prestigious CIHT Decarbonisation Award 2025, presented by the UK-based Chartered Institution of Highways and Transportation (CIHT), for its pioneering project 'Regenerative Propulsion in the Doha Metro: Kinetic Energy to Electrical Energy'. This achievement further cemented Qatar Rail's position as a leader in environmental innovation and sustainability within the public transportation sector. The award was announced during the CIHT Annual Awards Ceremony, held at the Royal Lancaster Hotel in London, and attended by over 480 international leaders and experts in transport. (QNA) page 2
Qatar Tribune
19 hours ago
- Qatar Tribune
Nippon Steel's $11 billion US steel investment cleared under Trump order
Agencies President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a 'national security agreement' submitted by the federal government. Trump's order didn't detail the terms of the national security agreement. But the iconic American steelmaker and Nippon Steel said in a joint statement that the agreement stipulates that approximately $11 billion in new investments will be made by 2028 and includes giving the U.S. government a ' golden share ' — essentially veto power to ensure the country's national security interests are protected against cutbacks in steel production. 'We thank President Trump and his Administration for their bold leadership and strong support for our historic partnership,' the two companies said. 'This partnership will bring a massive investment that will support our communities and families for generations to come. We look forward to putting our commitments into action to make American steelmaking and manufacturing great again.' The companies have completed a U.S. Department of Justice review and received all necessary regulatory approvals, the statement said. 'The partnership is expected to be finalized promptly,' the statement said. U.S. Steel rose $2.66, or 5%, to $54.85 in afterhours trading Friday. Nippon Steel's original bid to buy the Pittsburgh-based U.S. Steel in late 2023 had been valued at $55 per share. The companies offered few details on how the golden share would work, what other provisions are in the national security agreement and how specifically the $11 billion would be spent. White House spokesman Kush Desai said the order 'ensures U.S. Steel will remain in the great Commonwealth of Pennsylvania, and be safeguarded as a critical element of America's national and economic security.' James Brower, a Morrison Foerster lawyer who represents clients in national security-related matters, said such agreements with the government typically are not disclosed to the public, particularly by the government. They can become public, but it's almost always disclosed by a party in the transaction, such as a company — like U.S. Steel — that is publicly held, Brower said. The mechanics of how a golden share would work will depend on the national security agreement, but in such agreements it isn't unusual to give the government approval rights over specific activities, Brower said. U.S. Steel made no filing with the U.S. Securities and Exchange Commission on Friday. Nippon Steel originally offered nearly $15 billion to purchase U.S. Steel in an acquisition that had been delayed on national security concerns starting during Joe Biden's presidency. As it sought to win over American officials, Nippon Steel gradually increased the amount of money it was pledging to invest into U.S. Steel. American officials now value the transaction at $28 billion, including the purchase bid and a new electric arc furnace — a more modern steel mill that melts down scrap — that they say Nippon Steel will build in the U.S. after 2028. Nippon Steel had pledged to maintain U.S. Steel's headquarters in Pittsburgh, put U.S. Steel under a board with a majority of American citizens and keep plants operating. It also said it would protect the interests of U.S. Steel in trade matters and it wouldn't import steel slabs that would compete with U.S. Steel's blast furnaces in Pennsylvania and Indiana. Trump opposed the purchase while campaigning for the White House, and using his authority Biden blocked the transaction on his way out of the White House. But Trump expressed openness to working out an arrangement once he returned to the White House in January. Trump said Thursday that he would as president have 'total control' of what U.S. Steel did as part of the investment. Trump said then that the deal would preserve '51% ownership by Americans,' although Nippon Steel has never backed off its stated intention of buying and controlling U.S. Steel as a wholly owned subsidiary. 'We have a golden share, which I control,' Trump said. Trump added that he was 'a little concerned' about what presidents other than him would do with their golden share, 'but that gives you total control.' The proposed merger had been under review by the Committee on Foreign Investment in the United States, or CFIUS, during the Trump and Biden administrations. The order signed Friday by Trump said the CFIUS review provided 'credible evidence' that Nippon Steel 'might take action that threatens to impair the national security of the United States,' but such risks might be 'adequately mitigated' by approving the proposed national security agreement. The order doesn't detail the perceived national security risk and only provides a timeline for the national security agreement. The White House declined to provide details on the terms of the agreement. The order said the draft agreement was submitted to U.S. Steel and Nippon Steel on Friday. The two companies must successfully execute the agreement as decided by the Treasury Department and other federal agencies that are part CFIUS by the closing date of the transaction. Trump reserves the authority to issue further actions regarding the investment as part of the order he signed on Friday.
Qatar Tribune
19 hours ago
- Qatar Tribune
Qatar Rail's ‘Regenerative Propulsion'wins CIHT 2025 Decarbonisation Award
Tribune News Network Doha Reinforcing its global leadership in sustainable innovation, Qatar Railways Company (Qatar Rail) has been honoured with the prestigious CIHT Decarbonisation Award 2025 by the UK-based Chartered Institution of Highways and Transportation (CIHT), in recognition of its pioneering project, 'Regenerative Propulsion in the Doha Metro: Kinetic Energy to Electrical Energy'. This achievement further cements Qatar Rail's position as a leader in environmental innovation and sustainability within the public transportation sector. The award was announced during the CIHT Annual Awards Ceremony, held at the Royal Lancaster Hotel in London, and attended by over 480 international leaders and experts from transport sector. The project was selected from a record number of submissions this year, with only six entries shortlisted for the final stage, making the recognition especially significant. On this occasion, Eng Jassim Al Ansari, chief of programme delivery at Qatar Rail, said: 'What differentiates Qatar Rail is our ability to integrate advanced technologies that deliver both operational and environmental value. Our regenerative braking system is a prime example capturing and reusing energy across the network, reducing dependency on external power sources, and optimising overall system efficiency. It's a forward-thinking solution that positions us at the forefront of smart transportation innovation.' Eng Abdulrahman Al Malik, senior QSHESE director at Qatar Rail, stated: 'This global recognition is a testament to our unwavering commitment to sustainable development and environmental stewardship. At Qatar Rail, we take great pride in aligning our operations with Qatar's national environmental goals by embedding energy-efficient practices across all levels of our transport systems. The CIHT award reaffirms the importance of our efforts to minimise environmental impact while delivering high-performance infrastructure.' The CIHT Decarbonisation Award recognises outstanding global projects and strategies that delivered tangible reductions in greenhouse gas emissions and carbon footprints. Qatar Rail's success in this category reflects its unwavering commitment to adopting cutting-edge technologies that contribute to climate action and responsible energy use. Qatar Rail's winning initiative focuses on the application of regenerative braking technology within the Doha Metro. This system converts the kinetic energy produced during braking into usable electrical energy, which is then reused across the network unlike traditional braking systems where energy is lost as heat. This regenerative feature allows the trains to generate up to 46 percent of their required traction energy during deceleration, transferring it to the grid for use by other trains. Thanks to this innovation, the Doha Metro is able to achieve significant annual energy savings, reduce operational costs, and cut carbon emissions. By converting kinetic energy into reusable power through electrodynamic braking, Qatar Rail has set a new benchmark for sustainability in urban transit across the region. This international recognition comes less than a year after Qatar Rail won the 'Best Innovative Idea' award at the Tarsheed Energy and Water Efficiency Forum in November 2024, which highlighted the same regenerative propulsion system for its positive impact on energy conservation and operational efficiency. This milestone reinforces Qatar Rail's contribution to the goals of Qatar National Vision 2030 and reaffirms the role of public transportation in advancing sustainable development and environmental responsibility both nationally and internationally. Doha Metro's system is one of a kind in the region, capable of effectively recycling energy that can either be used by other trains or stored within Qatar Rail's energy network for future consumption. The regenerative braking technology enhances Doha Metro's operational efficiency by reducing maintenance costs and reliance on external power sources, while also minimising the environmental impact of its operations.
