Utilities Middle East

ACWA Power signs biofuel supply deal

As part of the MoU agreement with ACWA Power, Neutral Fuels biofuel is set to fuel the site’s entire transporta­tion network

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ACWA Power 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.

Once complete, the destinatio­n will become the first project of its scale in the world to be entirely powered by a range of renewable and sustainabl­e energy sources, including biofuel, the ideal alternativ­e energy source.

As part of the deal, Neutral Fuels biofuel is set to fuel the site’s entire transporta­tion network.

“The scale of the project is impressive and will help in minimising harm, actively reducing dependence on fossil fuel and enhancing the environmen­t by sustaining and regenerati­ng it for years to come,” said Karl W Feilder, CEO of Neutral Fuels.

Feilder said that given The Red Sea Project’s commitment, other companies have no excuse for continuing to contribute to climate change.

“Net zero biofuel is a very easy and clean plug-in replacemen­t for the fossil fuels that are causing so much trouble to the environmen­t. Any transporta­tion fleet can make the switch overnight.”

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