Executive Brief
Jazan / Southern Region — Phase Initial · Registry: registry-jazan-v1
Two firsts nationally: Saudi Arabia's first IGCC ash processor. Saudi Arabia's first subtropical agricultural biochar. Both unavailable in any other region.
Opening
Jazan generates an estimated 1,800 TPD across seven material streams — including two that exist nowhere else in the Kingdom: IGCC gasification slag from ACWA Power's 2,400 MW complex (the only industrial-scale IGCC facility in Saudi Arabia) and agricultural biomass from the subtropical Tihamah coastal and Aseer highland crop corridor (mango, banana, coffee, papaya). Phase Initial targets 100 TPD (1 module, $55M USD / SAR 206.25M Carbotura FDI) at Q4 2031 COD, scaling to 200 TPD full programme ($110M USD / SAR 412.50M Carbotura FDI).
MWAN Mandate — No Southern Region Processor
85% diversion by 2035. The Southern Region has the fewest alternative advanced processors in the Kingdom. Jazan's MWAN compliance path has no fallback if ACM is not deployed. IGCC ash has no designated processor anywhere in Saudi Arabia.
IGCC V₂O₅ + Biochar — First-of-Kind
IGCC gasification slag vanadium has never been recovered in Saudi Arabia. Subtropical biochar has never been produced at commercial scale in the Kingdom. Both are import substitution opportunities with no domestic competitor. Both require Jazan ACM to exist.
Carbotura Phase Initial (100 TPD, Q4 2031 COD) is the only pathway to close both gaps in the Southern Region. Subject to WARN-08 for IGCC V₂O₅.
The Decision
Option A-IC (IGCC ash V₂O₅ to Aramco Jizan VRFB supply chain) requires WARN-08 engineering confirmation — IGCC slag characterization and petcoke ash analysis must be completed before any V₂O₅ volume appears in client documents. Base case does not require this confirmation.
The Circular Supply Agreement authorises Carbotura to operate an Advanced Circular Manufacturing centre at RCJY Jazan IC Phase II (Manufacturing Site Deed: RCJY · CSA: Saudi Investment Recycling Company (SIRC), 100% PIF subsidiary). Two independent agreements — two independent counterparties. ACWA Power IGCC ash requires a third, separate feedstock agreement as prerequisite for IGCC stream processing.
- Processing Service (Ijarah): Authority pays for a manufacturing and processing service per ton processed — Year 1
- Manufactured Goods Revenue Share (Musharakah): Authority receives a share of manufactured output revenue, 13 months after each corresponding Processing Service payment — from Month 14 onward
- Zero capital obligation: Carbotura designs, finances, builds, owns, and operates. LOCKED.
Key Facts
| Addressable streams | MSW residuals · ELT · IGCC ash · Petcoke ash · Agricultural biomass · Wastewater sludge · C&D fluff | LOCKED |
| Total addressable TPD | ~1,800 TPD ESTIMATED | ESTIMATED |
| IGCC ash (ACWA Power) | First-of-kind in KSA — gasification slag chemistry distinct from combustion ash | WARN-08 |
| Agricultural biochar | ~350 tpy Phase Initial · ~700 tpy full programme — subtropical unique nationally | ESTIMATED |
| Phase Initial | 100 TPD · 35,000 tpy · 1 module | LOCKED |
| Full programme | 200 TPD · 70,000 tpy · 2 modules | LOCKED |
| Carbotura FDI (Phase Initial) | $55M USD (SAR 206.25M) | LOCKED |
| Carbotura FDI (full programme) | $110M USD (SAR 412.50M) | LOCKED |
| FWDC | SAR 260/ton ESTIMATED — lowest in KSA programme | ESTIMATED ⚠ WARN-01 |
| Revenue Share lag | 13 months rolling · independent transaction | ALWAYS |
| Capital obligation | Zero | LOCKED |
| T0 | Q2 2029 | ESTIMATED |
| Phase Initial COD | Q4 2031 | ESTIMATED |
| First Revenue Share | ~Q1 2033 | DERIVED |
| Direct FTE (full programme) | 94 · Subject to Nitaqat compliance | ESTIMATED |
| Carbon avoidance (full programme) | 266,450 tCO₂e/yr · SGI contribution | ESTIMATED |
| MWAN contribution (full programme) | 70,000 tpy toward 2035 | ESTIMATED |
| V₂O₅ output | TBD — IGCC slag and petcoke ash analysis required (WARN-08) | WARN-08 |
| Primary ICO buyers (CANDIDATE) | Aramco Jizan VRFB (WARN-08) · Ma'aden soil remediation (biochar) · SGI afforestation (biochar) | CANDIDATE |
| Site counterparty | RCJY (Royal Commission for Jubail and Yanbu — Jazan zone) | LOCKED |
| CSA counterparty | Saudi Investment Recycling Company (SIRC) — 100% PIF subsidiary | LOCKED |
Cost of Delay
- IGCC gasification slag — a first-of-kind ash stream with no processor in Saudi Arabia — continues to accumulate as an unresolved disposal liability at ACWA Power's 2,400 MW complex
- Subtropical agricultural biochar continues not to be produced — no competitor will develop this capability independently in Jazan
- Southern Region has no fallback processor — MWAN 2035 compliance exposure has no alternative pathway
- Aramco Jizan VRFB supply chain remains import-dependent for V₂O₅ for another year against the 110 GW renewable target
Call to Action
Authorise the Authority Feasibility Study — the single action that preserves Q2 2029 T0.
The Feasibility Study resolves:
- RCJY Jazan actual gate rates and stream volumes (WARN-01)
- RCJY Jazan IC Phase II land allocation
- ACWA Power IGCC ash feedstock agreement engagement (prerequisite for WARN-08)
- IGCC slag and petcoke ash sampling — vanadium concentration analysis (WARN-08)
- Nitaqat tier with HRSD (WARN-03) — Southern Region workforce structure
- Agricultural biomass supply chain engagement — crop residue volumes and seasonal calendar
- Ma'aden and SGI biochar procurement engagement (first ICO track — no engineering risk)
Authorization required by Q1 2029 to preserve Q2 2029 T0.
Contact: info[at]carbotura.com
Sources & Legal
Registry: registry-jazan-v1. All figures ESTIMATED unless LOCKED. IFRS basis. SAR/USD 3.75 (pegged, VERIFIED).
Not a Sharia certification or sukuk prospectus. Not a prospectus under the Capital Markets Law of Saudi Arabia. For decision-authority use only.