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Saudi Arabia’s SWCC and CARBONCO Signs MOU In Riyad | |
| Sumita Pawar |
Carbonco, a company specialising in decarbonization solutions established by DL E&C Co., Ltd. (DL ENGINEERING & CONSTRUCTION), announced in a statement that it has signed a memorandum of understanding (MOU) with Saudi Arabia’s Saline Water Conversion Corporation (SWCC) in Riyadh, the capital of Saudi Arabia,
The report mentions an agreement on the Carbon Capture, Utilization, and Storage (CCUS) Project.
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The largest seawater desalination facility in the world is run by SWCC, which is part of the Saudi government.
According to the report, it is also the second-largest electricity producer in Saudi Arabia. Through its research center, SWCC is leading carbon reduction projects in the fields of seawater desalination and power generation using renewable energy in Saudi Arabia.
As the report further highlighted, CARBONCO and SWCC have agreed to cooperate on the adoption of CCUS technology, which captures carbon from power plants operated by SWCC and utilises it in the seawater desalination post-treatment process.
Both parties plan to collaborate across CCUS business development, including commercial CCUS plant construction, based on business feasibility analysis and basic design research for the application of CCUS technology.
Furthermore, the two companies will carry out joint research on various CCUS projects that encompass biological and chemical conversion, mineralization, and storage of carbon that are feasible in Saudi Arabia, said the report.
Tariq Al Ghaffari, General Manager of SWCC Local Competence Projects Department, said, "SWCC is working on the seawater desalination project using renewable energy to take the initiative in realising Saudi Arabia’s Vision 2030."
"CARBONCO is committed to advancing CCUS technology to apply it to diverse fields while striving to provide total solutions for CCUS," explained Jae-hyung Yoo, Chief Executive, Business Development Office, CARBONCO.
He also said, "Carbon neutrality in Saudi Arabia will be made possible if CARBONCO's CCUS technology is used in the seawater desalination process."
Last August, DL E&C set up CARBONCO as a company that specialises in the CCUS business. This was done so that it could grow its eco-friendly decarbonization business.
The report concludes that CARBONCO operates a green developer business that includes hydrogen and ammonia businesses, as well as CCUS.