ACWA Power Signs MoU to Supply Saudi Arabia’s Red Sea Project with Net Zero Biofuel

ACWA Power Signs MoU to Supply Saudi Arabia’s Red Sea Project with Net Zero Biofuel

MoU signed to supply net zero biofuel for the Red Sea Project. (Asharq Al-Awsat)

Saudi Arabia's ACWA Power signed a memorandum of understanding (MoU) with Neutral Fuels for future collaboration on the supply of its net zero biofuel for the Kingdom's 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 world's first project to be entirely powered by a range of renewable and sustainable energy sources, including biofuel, the ideal alternative energy source.

According to the agreement, Neutral Fuels biofuel is set to fuel the site's entire transportation network.

"This was a hugely significant moment in the climate change issue,“ said CEO of Neutral Fuels Karl Feilder.

"The scale of the project is impressive, but the real news is the massive scale of the Kingdom's commitment to use renewable energy.“

Saudi Arabia is not only minimizing harm but also actively reducing its dependence on fossil fuel and enhancing the environment as it contributes to sustaining and regenerating it for years to come, he explained.

Feilder further pointed out that the given the