ACWA Power signs MoU with Neutral Fuels to supply Red Sea Project June 01, 2021
ACWA Power and Neutral Fuels virtual signing ceremony.
RIYADH ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants, has signed a Memorandum of Understanding (MoU) with Neutral Fuels, the GCC’s largest biofuel producer, for future collaboration on the supply of its Net Zero Biofuel for Saudi Arabia’s most ambitious regenerative tourism project on the Red Sea coast.
The ACWA Power-led consortium was awarded The Red Sea Development Company’s highest value contract to design, build, operate and transfer The Red Sea Project’s sustainable utilities infrastructure in November 2020.
SHARE
Acwa Power signs deal with Neutral Fuel to supply biofuel for Saudi Arabia s Red Sea project
Dubai-based company will provide the green fuel it developed to power the site’s entire transportation network
The Red Sea Project is designed to enhance the natural environment for future generations. Courtesy The Red Sea Development Company
75 percent of the 90+ islands in the Red Sea Project area have been set aside for conservation, with nine islands designated as areas of significant ecological value. Courtesy Red Sea Development Company
The location of some of the overwater villas at Saudi Arabia s Red Sea Project have been set. Courtesy The Red Sea Development Company
ACWA Power signs MoU with Neutral Fuels to power Red Sea project | Biofuels International Magazine biofuels-news.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from biofuels-news.com Daily Mail and Mail on Sunday newspapers.
Biofuels - ACWA Power Signs MOU with Neutral Fuels to Supply Red Sea Project - Renewable Energy Magazine, at the heart of clean energy journalism renewableenergymagazine.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from renewableenergymagazine.com Daily Mail and Mail on Sunday newspapers.