Construction & Real Estate

Veolia signs deals with three Saudi majors to accelerate environmental security

RIYADH
Veolia signs deals with three Saudi majors to accelerate environmental security
Veolia and Acwa officials sign the MoU.

Veolia, a global leader in environmental services, has signed three strategic memorandums of understanding in water technologies and hazardous waste management with major players in Saudi Arabia's industrial development.

The MoUs were singed with: Acwa, a world-leading private water desalination company; Ma’aden, a major player in the Saudi mining industry; and Khazeen, a subsidiary of GASCO, specialising in LPG storage.

These three strategic agreements establish a framework for enhanced cooperation across water technologies and hazardous waste treatment. They align fully with key Saudi Vision 2030 objectives regarding resource preservation, advancing the circular economy, and decarbonization. They also aim to strengthen the development of local capabilities and expertise in environmental services, Veolia said.

"Environmental security has become an essential condition for the sovereignty, competitiveness, and strategic autonomy of territories. In Saudi Arabia, this involves the ability to preserve every drop of water, decarbonize industrial development, and turn waste into resources. Through these agreements, and thanks to our cutting-edge technologies and solutions, we are taking action on a large scale to turn challenges into concrete and effective solutions, in line with Saudi Vision 2030. Our innovations and expertise are only effective when they find concrete applications in response to a territory's challenges and in support of its essential infrastructures," says Estelle Brachlianoff, CEO of Veolia.

Optimising the desalination value chain with Acwa

The MoU with Acwa aims to improve the performance of seawater desalination plants design: energy efficiency, optimisation of the use of chemical solutions, improvement of water quality, and the deployment of best technical, digital, and operational practices. 

Veolia and Acwa, world leaders in desalination, intend to amplify their previous co-performance achievements recorded at several of the region’s desalination plants, the most efficient in the world. The collaboration will positively impact Acwa’s existing and future projects, whose current capacity is 9.7 million m3 per day (equivalent to 3,900 Olympic swimming pools per day). The potential emissions reduction from this collaboration could reach 500,000 tons of CO₂ per year, equivalent to the annual emissions of around 110,000 conventional cars, while also lowering operating costs and strengthening the water security of the regions concerned.

Rethinking the mining supply chain with Ma’aden

The MoU with Ma’aden, a major player in the development of Saudi Arabia’s mining industry, focuses on water cycle and industrial waste management in this highly strategic sector for the Kingdom’s economic diversification. Veolia’s cutting-edge water technologies, as the world leader in the field, will significantly optimise processes, particularly through the treatment and reuse of industrial water. In the area of waste, beyond expert treatment and thanks to Veolia’s innovative solutions, the agreement will explore possibilities for source reduction, recovery, and valorization of materials in order to create new circular economy loops.

Decarbonising the strategic infrastructures of Khazeen Group

Signed with Khazeen, a subsidiary of the National Gas and Industrialization Company, GASCO, specialised in liquefied petroleum gas storage, the agreement notably involves deploying environmental technologies to support the decarbonization objectives of the regional industry leader. The company’s storage infrastructures, located throughout the country, will benefit from Veolia’s solutions for industrial water treatment and hazardous waste management. The agreement also provides for developing an integrated Facility Management offer for water, energy, and waste management for Khazeen’s clients. -TradeArabia News Service