ACWA Power to announce financial closure for Jazan project this week | Reuters

ACWA Power to announce financial closure for Jazan project this week | Reuters

ACWA Power will on Wednesday announce financial closure for a $12 billion gasification and power joint venture in Saudi Arabia's Jazan region, Chairman Mohammad Abunayyan said on Saturday.

The Jazan IGCC Complex is a joint venture between Saudi Aramco, U.S.-based Air Products and ACWA Power. Oil giant Saudi Aramco will supply feedstock and the joint venture will produce power, hydrogen and other utilities for Aramco.

#Saudi SABIC targets carbon neutrality by 2050 - statement | Reuters

Saudi SABIC targets carbon neutrality by 2050 - statement | Reuters

Petrochemicals giant Saudi Basic Industries Corp (SABIC) (2010.SE) announced plans on Saturday to meet carbon neutrality by 2050, the company said in a statement on the sidelines of the Saudi Green Initiative summit.