Amsterdam/Dhahran, September 13, 2021 - Shell and AMG Recycling B.V., in partnership with the United Company for Industry, announced signing an MoU with Saudi Aramco to build a recycling "Supercenter" in the Kingdom.
Project Details:
• Location: Al-Jubail Industrial City
• Objective: Build a world-class metals reclamation and recycling complex
• Focus: Extract vanadium from oil refining products
• Production capacity: High-purity vanadium pentoxide production
Strategic Objectives:
• Support Vision 2030 ambitions to accelerate energy transition
• Achieve sustainability and circular economy goals
• Develop local supply chains for critical metals
• Create specialized job opportunities in the industrial sector
Added Value:
• Transform industrial waste into valuable raw materials
• Reduce dependence on rare metals imports
• Enhance Saudi-Dutch technical partnership
• Support transition to green economy
Commercial operation is expected to begin within the next two years.

NEOM, June 2, 2024 - NEOM Green Hydrogen project, valued at $8.4 billion, has achieved 80% construction completion across all sites, marking a major milestone in the Kingdoms clean energy ambitions.
Located in Oxagon, NEOM, the facility integrates a wind garden, solar farm, transmission grid, and hydrogen production plant — all powered by 4 GW of renewable energy.
Technical Details:
• Production capacity: 600 tonnes of green hydrogen daily
• Ammonia production: 1.2 million tonnes annually
• Emissions reduction: 5 million tonnes of CO2 annually
• Start of operations: End of 2026
• Partners: ACWA Power, Air Products, NEOM
Financing and Investment:
• Total investment: $8.4 billion
• Non-recourse financing: $6.1 billion from 23 banks and financial institutions
• Exclusive 30-year off-take agreement
This project is part of the Kingdoms strategy to become a global source of green hydrogen and support Vision 2030 objectives.

Riyadh, May 8, 2024 - The Federation of Saudi Chambers of Commerce announced the formation of the Saudi-Dutch Business Council for its inaugural term (1446-1450 AH), following approval from the General Authority of Foreign Trade.
Establishing the council marks a new phase in economic relations between the Kingdom of Saudi Arabia and the Kingdom of the Netherlands, aiming to empower both business sectors to seize promising investment opportunities and enhance mutual commercial and investment partnerships.
The council seeks to:
• Develop trade and investment relations between the two countries
• Facilitate the exchange of expertise and advanced technologies
• Support Saudi Vision 2030 through international partnerships
• Establish direct communication channels between business leaders
• Organize joint business events and conferences
The council is expected to play a pivotal role in enhancing trade and investment exchange, especially in renewable energy, technology, and sustainable agriculture sectors.