This is in alignment with Kingdom’s Saudi Green Initiative, and its stated greenhouse gases (GHGs) net-zero ambition by 2060 through deployment of technologies for circular carbon economy approach.

This is in addition to the energy sector’s objectives to ensuring security of supply, diversity of market participation, fair competition, and transparency,

All Taiba and Qassim qualified developers are automatically qualified for the new projects while other interested participants can submit their qualification documents starting Wednesday.

These projects will introduce the developer’s ability to implement CCS or other potential solutions to address GHGs emissions when deemed feasible allowing for greater participation of developers, EPCs, and Original Equipment Manufacturers (OEMs), and will drive further local content and value-added to the Kingdom. Project RFPs will be released on Jan. 20, 2023.