Yanbu Cement participates in largest ever Saudi Arabian carbon credit sale

Print this page

Saudi Arabia: Yanbu Cement was among successful bidders in Saudi Arabia's largest carbon credit auction to date earlier in November 2022. The Saudi Public Investment Fund (PIF)’s Voluntary Carbon Market Initiative Auction sold 1.4Mt-worth of carbon credits to 15 different entities, of which Yanbu Cement was the only cement sector representative. The PIF said that the sale will support the country's Saudi Vision 2030 development goal, while also advancing its progress towards net zero CO2 emissions by 2060.

Last modified on 16 November 2022

Register for the Global Cement Weekly email newsletter

Global Cement Weekly is Global Cement’s weekly email newsletter. Keep up to date with cement industry news, analysis, diary dates and news of people in the sector.

Register >

URL: https://globalcement.com/news/item/14913-yanbu-cement-participates-in-largest-ever-saudi-arabian-carbon-credit-sale

© 2024 Pro Global Media Ltd. All rights reserved.