Power to the Poo: Saudi dairy farm plans to develop biomass plant

By Matthew Martin and Sarah Algethami, Bloomberg

Amid a slump in the price of oil and attempts to diversify Saudi Arabia’s economy, the kingdom’s rulers are reducing energy subsidies and planning to boost renewable energy sources to save more crude for export.

Saudi Arabia’s National Agriculture Development Co. is planning to develop a $200 million biomass plant fired by excrement. (Photo credit: depositphotos.com)
 

Amid a slump in the price of oil and attempts to diversify Saudi Arabia’s economy, the kingdom’s rulers are reducing energy subsidies and planning to boost renewable energy sources to save more crude for export.

Bloomberg writers, Matthew Martin and Sarah Algethami report, "Saudi Arabia’s National Agriculture Development Co. is planning to develop a $200 million biomass plant fired by excrement from its bovines, according to people familiar with the matter. Nadec, as the dairy company is known, is in talks with potential developers to build the plant, the people said, asking not to be identified as the information is private.

Saudi Arabia plans to develop 30 solar and wind projects over the next 10 years as part of a $50 billion program to boost power generation and cut its oil consumption."

Read More at Bloomberg

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