{"id":74110,"date":"2022-09-27T02:00:05","date_gmt":"2022-09-27T02:00:05","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2022\/09\/27\/could-ksa-hold-the-keys-to-lowering-greentech-costs\/"},"modified":"2022-09-27T02:00:05","modified_gmt":"2022-09-27T02:00:05","slug":"could-ksa-hold-the-keys-to-lowering-greentech-costs","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2022\/09\/27\/could-ksa-hold-the-keys-to-lowering-greentech-costs\/","title":{"rendered":"Could KSA hold the keys to lowering greentech costs?"},"content":{"rendered":"

<\/a> KSA\u2019s USD 1.3 tn mineral reserves could help lower costs for <\/strong>renewables \u2014 <\/strong>but can they be accessed?<\/strong> Saudi Arabia is looking to unlock an estimated USD 1.3 tn in mineral reserves, the Kingdom\u2019s industry and mineral resources minister, Bandar Al Khorayef, told Bloomberg<\/a>. the issue is that the kingdom lacks a ready supply of water, which is key for mining, as well as the road, railway and port infrastructure required to transport resources from mines in the north to the east of the country, where reserves will be processed and shipped.<\/p>\n

These minerals are crucial for the green transition: <\/strong>Take Copper, which is used in everything from consumer electronics to home appliances, is key to powering<\/a> renewable energy systems, including solar, hydro, thermal and wind, making it key to the energy transition. Experts have warned<\/a> of a looming copper shortage, even as prices dipped earlier this month.<\/p>\n

Tenders for mineral extraction are underway, but bidders may be hard to come by: <\/strong>The kingdom is looking to attract global mining companies that have the expertise and financing to compete in auctions for exploration rights, partly by accelerating permit processing to 30 days, Al Khorayef told the business information service. Earlier this month, the country awarded a mining license<\/a> to British mining company Moxico Resources<\/a> and Saudi Arabia\u2019s Ajlan and Bros<\/a>. The mine\u2019s estimated copper reserves are worth USD 222 bn, at current prices \u201cequal to 1.4x the global mine supply in 2021\u201d, it adds. A second and third tender may be in the cards, the minister stated.<\/p>\n

SMART POLICY- Saudi Arabia will invest SAR 105 bn to make its water industry <\/strong>more efficient: <\/strong>Over the next two years, the Environment, Water and Agriculture Ministry will invest the equivalent of USD 28 bn to secure sustainable water supply and grow its desalination capacity, the minister was quoted as saying in a statement<\/a> published on Thursday.<\/p>\n

And private sector collaboration is on the table: <\/strong>The ministry is bringing the private sector on board with the aim of increasing water resources, boosting the efficiency and capacity of water treatment plants and reducing overall waste in the country\u2019s water networks, he said. Overall goals include securing high quality drinking water for all citizens, protecting the environment, connecting all homes to sewage networks and using treated water as efficiently as possible. Some 22 agreements have already been signed with companies to treat and distribute water, he said, without specifying when.<\/p>\n","protected":false},"excerpt":{"rendered":"

KSA\u2019s USD 1.3 tn mineral reserves could help lower costs for renewables \u2014 but can they be accessed? Saudi Arabia is looking to unlock an estimated USD 1.3 tn in mineral reserves, the Kingdom\u2019s industry and mineral resources minister, Bandar Al Khorayef, told Bloomberg. the issue is that the kingdom lacks a ready supply of […]<\/p>\n","protected":false},"author":1,"featured_media":74111,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[323],"tags":[100,11,196,88,159,393,697],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-74110","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-macro-picture","tag-desalination","tag-enterpriseclimate","tag-mining","tag-renewables","tag-saudi-arabia","tag-the-macro-picture","tag-water","wpautop","entry"],"acf":{"mongo_id":"551f255a-0fdc-447b-992d-0d0134c533b6","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/8\/359.jpg","photo_position":"above","related_issue":[74100],"teaser":"","voice_url":""},"yoast_head":"\nCould KSA hold the keys to lowering greentech costs? - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2022\/09\/27\/could-ksa-hold-the-keys-to-lowering-greentech-costs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Could KSA hold the keys to lowering greentech costs?\" \/>\n<meta property=\"og:description\" content=\"KSA\u2019s USD 1.3 tn mineral reserves could help lower costs for renewables \u2014 but can they be accessed? 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