Riyadh Cement signs natural gas conversion contract worth SAR 59.4M

Logo of Riyadh Cement Co.

Riyadh Cement Co. signed today, Jan. 1, a contract with Chengdu Design & Research Institute’s branch for the conversion to natural gas under the Liquid Fuel Displacement Program, on an engineering, procurement, and construction (EPC) contract basis.

In a Tadawul statement, the company said the 12-month contract is valued at SAR 59.4 million.

The project is expected to contribute to increased fuel consumption efficiency and improved operational reliability, thereby supporting production stability and reducing costs starting from the commencement of operations.

Further, the project aims to enhance the efficiency of current production lines and contribute to supporting Saudi Arabia’s Vision 2030, in addition to achieving the objectives of the Liquid Fuel Displacement Program, supported by the Ministry of Industry and Mineral Resources, as well as improving fuel efficiency and promoting environmental sustainability.

The contractor has taken possession of the site and commenced the project as of today. The advance payment has been paid to the contractor in accordance with the payment terms.