Saudis to build carbon-negative concrete factory
- Date: 12-Jan-2024
- Source: AGBI
- Sector:Oil & Gas
- Country:Saudi Arabia
Saudis to build carbon-negative concrete factory
The Saudi real estate company Roshn Group and the Bahamas-based startup Partanna have agreed to build a factory to produce carbon-negative concrete in the kingdom. The specifics of the agreement, including the facility’s size and location, are still being finalised but it is likely to be near Riyadh, a Partanna spokesperson told AGBI. The factory […]
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The Saudi real estate company Roshn Group and the Bahamas-based startup Partanna have agreed to build a factory to produce carbon-negative concrete in the kingdom.
The specifics of the agreement, including the facility’s size and location, are still being finalised but it is likely to be near Riyadh, a Partanna spokesperson told AGBI.
The factory will have the capacity to produce enough concrete to build up to 9,000 homes annually, assuming a typical home size of 162 square metres.
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Roshn is building the latest PIF giga-project, a waterfront mixed-use destination called Marafy that is intended to feature an 11 km-long canal north of Jeddah.
The builder plans to construct more than 400,000 homes, 1,000 kindergartens