SAGIA, EDHAFAT and UNIBIO signed a memorandum of understanding to establish a Protein production plant in Saudi Arabia as a part of the Kingdom’s commitment to localize key industries and transfer knowledge. This partnership is an important step towards achieving sustainable and economically viable food security as Unibio patented technology will enable the decoupling of protein production from farming and fishing.
EDHAFAT and Unibio’s new facility will implement patented process to convert natural gas into high-protein animal feed substitutes. The first phase of the project is to produce 50,000 MT with a total investment around 200M USD. During the following years, the project will expand to reach a production of 500,000 MT with approximate investment of around 1.55B USD.
The production will be consumed in the local market and to be exported to the Gulf countries, Asia and Europe
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The importance of EDHAFAT and Unibio JV Project
Under the Saudi Arabian 2030 Vision the plan is to transform the economy using local investment power to create a more diverse and sustainable future, while also using the strategic position of the Kingdom to build a role as an integral driver of international trade bringing Africa, Asia and Europe together.
In a region that may be affected by changing weather and without much fertile agricultural land as well as limited water resources, bringing in technology to address future food security challenges is key. By using local resources such as natural gas, cheap electricity and chemicals, proteins can be produced without adding stress to the agricultural system or fish stock. The Unibio technology allows the decoupling of protein production from farming and fishing and this, coupled with Saudi Arabia’s ambition to increase aqua culture and milk production, makes the location and the Unibio technology a very good match.
PROJECTS UNDER DEVELOPMENT
COMING NEXT
A 100% Saudi Investment Project
Around SR 200M investment
COMING AFTER
A 50/50% Saudi Foreign Investment Project
Around €50M investment
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