ACWA Power signs MOU with Neutral Fuels on regenerative Red Sea tourism project

In Saudi Arabia, ACWA Power, has signed a Memorandum of Understanding (MoU) with Neutral Fuels 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 MOU agreement with ACWA Power, Neutral Fuels biofuel is set to fuel the site’s entire transportation network.