https://arab.news/magk2
- Neutral Fuels is developing a biorefinery in Saudi Arabia to serve the project
RIYADH: Saudi Arabia’s ACWA Power has signed an initial agreement with Neutral Fuels for the supply of biofuels to the Kingdom’s vast Red Sea Project.
The ACWA Power-led consortium was awarded The Red Sea Development Company’s highest value contract to design, build, operate and transfer the project's sustainable utilities infrastructure in November 2020.
Now it has teamed up with the region’s largest biofuel producer to help fuel the site’s transportation network.
The biofuel is made from used vegetable cooking oil that is processed in a local facility.
“The scale of the project is impressive but the real news here is the massive scale of the commitment that Saudi Arabia is making to renewable energy,” said CEO of Neutral Fuels, Karl W Feilder.
Neutral Fuels is developing a biorefinery in Saudi Arabia to serve the project.
Work remains on track to welcome its first guests by the end of 2022, when the international airport and first hotels are due to open.