LanzaTech and Olayan Financing joined forces to deploy carbon recycling technology in Saudi Arabia

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Jennifer Holmgren, CEO LanzaTech, at IFIB 2019 in Naples

LanzaTech Global, Inc., the Illinois-headquartered carbon recycling company transforming waste carbon into sustainable raw materials, and Olayan Financing Company (OFC), the parent company of The Olayan Group’s businesses and investments in Saudi Arabia and the Middle East, have formed a joint venture company in the Kingdom of Saudi Arabia (KSA) to accelerate the commercial deployment of LanzaTech’s carbon recycling technology in hard-to-abate industries within the Kingdom. The joint venture will deploy and develop projects utilizing LanzaTech’s carbon recycling technology within KSA and selectively across the broader Middle East.

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NPC of Saudi Arabia and Basf to collaborate in the field of algae technology

Riyad (Saudi Arabia) by night
Riyad (Saudi Arabia) by night

National Prawn Company (NPC) of Saudi Arabia and German firm Basf have agreed to collaborate in the field of algae technology. “The signed contract is marking once more the ability of Saudi Companies to be equal partners with World Class enterprises like Basf. It also shows that we are capable of offering solutions for domestic and global needs,” said NPC’s chairman Sulaiman Bin Abdul Aziz Al Rajhi.

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