Saudi Arabian Refineries Company (SARCO), and Christof Global Impact signed two non-binding memoranda of understanding (MoUs) to develop renewable energy projects.
The first project is to study an investment partnership to build a refinery producing the ‘biodiesel’ biofuel carbon, which is negative fuel derived from algae through “carbon negative algae oil – sustainable fuel platform” with an initial investment of up to SR1 billion for the first phase.
The second project, aims to study the investment in the technology of slop oil to convert waste oil wells, oil from shipping ships, waste of fuel tanks and petroleum materials into low carbon raw materials to reduce carbon emissions with an estimated total cost of SR130 million for the first phase.
Tags: Biodiesel, Chisrtof Global Impact, Refinery, Renewable, SARCO
Recent Posts
Chapman Freeborn OBC to reduce carbon emissions
OTG develops programme on ammonia fuel safety
Holland America’s cruise ship begins biofuel test
DNV releases April figures for Alternative Fuels Insight (AFI) platform
EPA approves 20% blend of renewable gasoline
India gets major push with first multi-purpose Green Hydrogen project
Carbon Clean starts CCS module construction
All American delivers hydrofoil-assisted tour vessel