ACWA Power Signs Memorandum of Understanding With Neutral Fuels
Saudi Arabia’s Red Sea Project to include biofuel
RIYADH, Saudi Arabia — ACWA Power signed a memorandum of understanding with Neutral Fuels for future collaboration on the supply of Net Zero Biofuel.
The ACWA Power-led consortium was awarded The Red Sea Development Co.’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 to be entirely powered by a range of renewable and sustainable energy sources, including biofuel. As part of the agreement with ACWA Power, Neutral Fuels biofuel is set to fuel the site’s entire transportation network.