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ACWA Power signs MoU with Neutral Fuels to supply Red Sea Project June 01, 2021 ACWA Power and Neutral Fuels virtual signing ceremony. RIYADH ACWA Power, a leading Saudi developer, investor and operator of power generation and desalinated water plants, 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.

Saudi arabiaRed seaDjibouti generalAr riyaKingdom of saudi arabiaKarlw feilderRed sea development companyNeutral fuelsNet zero biofuelRed sea projectPaddy padmanathanSaudigazette newspaperAudi sazetteSaudi arabiaKingdom of saudi arabiaLatest news