- Press Releases
May 1 (Renewables Now) - Saudi petrochemicals major Saudi Basic Industries Corporation (SABIC) may launch a request for proposals at the end of the year or in early 2020 for a 300-MW solar project in Yanbu.
A feasibility study into the project has been launched, the company said in its latest sustainability report. Its results will show whether SABIC will pursue the project to power its affiliates in the region. Yanbu is located on the Red Sea coast of western Saudi Arabia.
The company aims to cut its greenhouse gas (GHG) and energy intensity by 25% by 2025 from 2010 levels. In 2018, GHG intensity inched down by 1.02% year-on-year to 1.22 tonnes of carbon dioxide (CO2) per tonne of product sales. Its global energy intensity, however, grew by 1.6% to 17.12 gigajoules (GJ) per tonne of product sales. Total energy use rose to 799 million GJ from 749 million GJ in 2017.