Sharia-Structured Instrument Ijarah (manufacturing and processing service) + Musharakah (revenue participation in manufactured goods). These are two independent transactions — never combined, netted, or described as components of a single return. Formal Sharia Board review recommended prior to CSA execution.
$165M Carbotura FDI
Full Programme
Zero NEOM capital
obligation
141 Direct FTE
Nitaqat-labeled, ESTIMATED
105,000 tpy toward
MWAN 2035
~399,675 tCO₂e/yr
SGI contribution
SAR 320 FWDC/ton — highest
gross displacement

Zero NEOM Capital Deployment

Carbotura designs, finances, builds, owns, and operates. NEOM Company's capital obligation is zero — at $55M Phase Initial, through to $165M full programme. NEOM's FWDC of SAR 320/ton (highest in the programme) means each ton avoided represents the highest per-unit cost displacement in the entire KSA portfolio.

Without ACM

  • SAR 320/ton disposal cost — highest in programme — with no manufactured output
  • C&D construction waste accumulates with no certified circular disposition
  • OXAGON imports CFP, GO, and HP Graphite — supply chain insecurity
  • NEOM sustainability credentials unsupported by circular waste data
  • No MWAN compliance contribution

With ACM (Option A)

  • Zero capital deployment — $165M Carbotura investment only
  • Processing Service (Ijarah) — Year 1 outflow
  • Revenue Share (Musharakah) commences Month 14 — net surplus Year 2 onward
  • OXAGON CFP, GO, HP Graphite: domestic circular source closes import gap
  • NEOM construction waste → NEOM construction inputs: documented circular loop
  • 105,000 tpy MWAN compliance · 399,675 tCO₂e/yr SGI contribution

OXAGON Closed Loop — Supply Chain Independence

NEOM Company is both the waste producer and the manufactured output buyer — the most complete circular economy loop in the programme.
  • Carbon Fiber Precursor (RC4): NEOM construction and ASR waste → ACM → CFP → OXAGON composite manufacturing tenants. Zero import. Zero cross-country logistics. Full circular provenance documentation.
  • Graphene Oxide (RC4): NEOM commercial and ASR waste → ACM → GO → OXAGON energy storage, filtration, and photonics tenants. China currently provides 90%+ of global GO supply — NEOM's circular-source GO eliminates this dependency for OXAGON operations.
  • High-Purity Graphite (RC3): NEOM commercial waste → ACM → HP Graphite → OXAGON battery manufacturing and industrial materials. Saudi Arabia imports all HP Graphite. NEOM Company produces it domestically from its own waste stream.
  • Pozzolanic SCM (RC2): NEOM sludge and C&D waste → ACM → Pozzolanic SCM → NEOM construction programme. The construction generates the waste; the waste generates the cement supplement; the supplement goes back into the construction. A fully closed NEOM loop.
  • Mineral Aggregate (RC1): C&D fluff → ACM → Aggregate → NEOM on-site construction. Zero external supply chain. Zero transport cost.

Construction Circular Economy — Sustainability Credential

  • C&D waste leadership: 220 TPD C&D fluff at full programme — the highest in the KSA programme. NEOM's giga-project construction generates a C&D waste volume that has no peer in Saudi Arabia. ACM converts this into the circular manufacturing story that NEOM's sustainability commitments require.
  • Samsung C&T JV documentation: Samsung C&T's construction JV within NEOM generates C&D and ASR waste. ACM provides Samsung C&T with auditable circular waste disposition — supporting NEOM's construction contractor sustainability reporting requirements.
  • Zero-waste-to-landfill construction programme: NEOM has publicly committed to zero-waste-to-landfill operations. ACM is the infrastructure that makes this commitment achievable for construction waste — the largest single waste category in NEOM's operational footprint.
  • SINDALAH marine circular loop: Marine waste → ACM → composite materials → SINDALAH maintenance and construction. A maritime circular economy loop unique in Saudi Arabia.

Vision 2030 Alignment

Vision 2030 / NEOM PillarACM Contribution
MWAN 85% diversion105,000 tpy full programme — zero-waste-to-landfill construction support
Saudi Green Initiative399,675 tCO₂e/yr avoidance · NEOM carbon-neutral commitment support
OXAGON supply chain localizationCFP · GO · HP Graphite domestic circular production — all import dependency eliminated
NEOM zero-waste-to-landfillCertified circular disposition for all C&D, ASR, commercial, and sludge streams
IKTVAACM products manufactured within NEOM territory — domestic sourcing for OXAGON procurement
SINDALAH sustainabilityMarine circular economy loop — composite materials from SINDALAH's own operational waste

Employment Creation ESTIMATED — Nitaqat-labeled

PhaseModulesDirect FTEIndirect FTE
Phase Initial147141
Phase Medium294282
Full Programme3141423

All FTE ESTIMATED. Subject to Nitaqat compliance. NEOM's workforce structure is unique nationally — Nitaqat tier confirmed with HRSD at Feasibility Study. Advanced manufacturing FTE aligned with NEOM's knowledge economy workforce objectives.

Environmental Impact

  • Carbon avoidance: 399,675 tCO₂e/yr Phase Initial · 399,675 tCO₂e/yr full programme — toward NEOM's carbon-neutral commitment and Saudi Green Initiative
  • Landfill diversion: 35,000 tpy Phase Initial · 105,000 tpy full programme — supporting NEOM's zero-waste-to-landfill operations target
  • Red Sea coastal protection: ACM eliminates landfill requirements for NEOM's waste streams in a Red Sea coastal environment — supporting the marine ecosystem protection that underpins NEOM's SINDALAH and THE LINE environmental commitments
  • Pozzolanic SCM carbon impact: Cement substitution reduces concrete carbon intensity — contributing to NEOM's construction programme decarbonisation beyond the direct ACM process avoidance

The Single-Entity Advantage

NEOM's unique structure — where NEOM Company is CSA authority, site counterparty, and primary buyer — provides benefits unavailable in any other region:

  • Fastest off-take confirmation timeline in the programme: OXAGON procurement is an internal NEOM decision — not a multi-party commercial negotiation. Specification review and preferred supplier agreement can be completed within 3–9 months of CSA execution, faster than any external buyer engagement in the programme.
  • No arm's-length pricing tension: NEOM Company sets OXAGON procurement policy. The in-country premium for CFP, GO, and HP Graphite is NEOM's own supply chain security valuation — not an external negotiation subject to commercial counter-pressure.
  • Integrated circular economy reporting: NEOM Company's sustainability reporting covers feedstock origin, ACM processing, manufactured output, and OXAGON procurement in a single entity's reporting boundary — the most complete circular economy reporting structure available to any authority in the KSA programme.
  • Programme coherence: NEOM Company's alignment across the CSA, site, and off-take means that programme delays, specification changes, and phase expansions are resolved within a single decision-making entity — minimizing coordination cost and delay risk.

Programme Timeline

MilestoneDateStatus
T0 — CSA executionQ4 2028ESTIMATED
OXAGON preferred supplier engagementQ4 2028 (parallel)ESTIMATED
Phase Initial CODQ2 2031ESTIMATED
First Revenue Share~Q3 2032DERIVED
Full Programme CODQ2 2034ESTIMATED

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نُقدِّم هذه البوابة باللغة العربية الفصحى حرصاً منّا على التواصل الواضح مع شركائنا في المملكة العربية السعودية. نُدرك أن الترجمة من اللغة الإنجليزية قد لا تخلو من أخطاء أو سهو، ونطلب منكم كرم العفو والتسامح. يسعدنا استقبال أي ملاحظات أو تصحيحات تُعينونا على تحسين دقة المحتوى.