The five-year agreement was signed virtually by Abdullah Ibrahim Al-Abdulkareem, Governor of the Saline Water Conversion Corporation, and Daniel R. Simmons, Assistant Secretary of Office of Energy Efficiency and Renewable Energy, US Department of Energy.
Ahmed al-Amoudi, head of a government-run desalination research institute, sees a future where industrially useful minerals such as sodium chloride salt, magnesium and calcium are extracted from the seawater alongside clean water, and no highly-salty wastewater – known as brine – flows back into the sea.
The Saline Water Conversion Corporation (SWCC) has completed work on seven small, and medium-sized desalination plants in the Kingdom of Saudi Arabia, that have a total production and supply capacity of 304,350cu m per day.
The Saline Water Conversion Corporation (SWCC) has completed the work on seven small and medium-sized desalination plants that have a total production and supply capacity of 304,350 cu m per day, said a report.
Despite the ongoing pandemic, the SWCC achieved the construction target with its innovative solutions and new technologies developed in line with international standards, reported Arab News, citing a senior official.
Japanese multinational, Kurita Water Industries, and UAE-based AquaChemie DMCC have signed an agreement to set up a joint venture for water and process treatment chemicals solutions for the refinery, petrochemicals, fertiliser, power and desalination, paper and metal industries in the GCC.
The joint venture company, set up through Kurita’s subsidiary, Kurita Europe GmbH, will leverage both companies’ complementary strengths to be “the single face for customers in the wider GCC region and offer solutions based on technologically innovative Japanese programmes, fully backed by local production, resources, and prompt customer service”, said a statement from Kurita.
The plant is being financed through limited recourse ring-fenced project financing from Al Rajhi Bank 1120.SE, Abu Dhabi Islamic Bank ADIB.AD, Riyad Bank 1010.SE and Mizuho 8411.T, ACWA said in a statement.
The transaction is funded through “limited recourse ring-fenced project financing” with Al Rajhi Bank, Abu Dhabi Islamic Bank, Riyad Bank and Mizuho Bank as initial mandated lead arrangers, the Saudi-based utility said in a statement.