Aramco, TotalEnergies, SIRC ink deal for SAF plant in KSA

03/12/2024 Argaam
Snapshot of the agreement signing

Snapshot of the agreement signing

Aramco, TotalEnergies, and Saudi Investment Recycling Co. (SIRC) signed today, Dec. 3, a joint development and cost sharing agreement (JDCSA) to assess the potential development of a sustainable aviation fuels (SAF) plant in the Kingdom of Saudi Arabia.

 

The collaboration aims to leverage each company’s respective areas of excellence and expertise to develop the SAF production plant in Saudi Arabia’s Eastern Province, according to a joint statement emailed to Argaam.

 

The assessment will focus on harnessing innovative engineering and technology solutions that seek to recycle and process local waste or residues from the circular economy (used cooking oils and animal fats) to produce SAF.

 

The announcement coincides with a state visit by the French Emmanuel Macron, to Saudi Arabia, and the Saudi-French Investment Forum.

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