Document Authority · MODON · SIRC LOCKED WITH WARNINGS

Partner Benefits

Riyadh — Phase Initial · Registry: registry-riyadh-v1

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.
$550M Carbotura FDI
Full Programme
Zero Authority capital
obligation
470 Direct FTE
Nitaqat-labeled, ESTIMATED
350,000 tpy toward
MWAN 2035
1,332,250 tCO₂e/yr
SGI contribution
7 Streams converted
to RC3+ output

Zero Authority Capital Deployment

Carbotura designs, finances, builds, owns, and operates the Advanced Circular Manufacturing centre. The Partner Authority's capital obligation is zero — at Phase Initial ($55M Carbotura FDI), Phase Medium ($165M), Phase Expanded ($330M), and Full Programme ($550M).

Without ACM

  • Ongoing disposal expenditure — no manufactured asset created
  • Cost base escalating — 21% of national waste volume compounding
  • No Carbon Fiber Precursor, HP Graphite, or Graphene Oxide domestic production
  • No MWAN mandate progress at national capital scale
  • No SGI contribution from the Kingdom's largest single waste corridor

With ACM (Option A)

  • Zero capital deployment — $550M Carbotura investment only
  • Processing Service (Ijarah) — Year 1 outflow
  • Revenue Share (Musharakah) commences Month 14 — net surplus from Year 2 onward
  • Domestic CFP, HP Graphite, GO production — import substitution for Vision 2030 supply chain
  • 350,000 tpy toward MWAN mandate at full programme
  • 1,332,250 tCO₂e/yr carbon avoidance — largest single SGI contribution in the programme

MWAN 2035 Mandate Contribution

  • 85% diversion target by 2035 — MWAN's national mandate requires 800+ new facilities. Riyadh's 21% of national waste volume means this single deployment contributes the largest MWAN compliance volume of any site in the programme.
  • Phase Initial (35,000 tpy): begins MWAN compliance contribution from Q2 2030 COD — 5 years before the 2035 mandate deadline
  • Full programme (350,000 tpy): 10 modules × 35,000 tpy at 350 operating days — the largest single MWAN contribution facility in Saudi Arabia
  • MWAN reporting: All 7 streams count toward MWAN diversion credit. ACM provides auditable diversion documentation for MWAN compliance reporting.

Advanced Carbon In-Country Supply Chain

  • Carbon Fiber Precursor (RC4): 875 tpy Phase Initial · 8,750 tpy full programme. Zero domestic CFP production currently. SABIC, Aramco Materials R&D, and NEOM OXAGON are structural buyers. Import substitution premium +15–22% ESTIMATED.
  • High-Purity Graphite (RC3): 1,068 tpy Phase Initial · 10,680 tpy full programme. Saudi Arabia imports all HP Graphite requirements. SABIC battery materials division is the primary buyer. China controls 60%+ of global supply — domestic production is a national supply chain security priority.
  • Graphene Oxide (RC4): 175 tpy Phase Initial · 1,750 tpy full programme. Zero domestic GO production. Aramco Materials R&D and NEOM OXAGON are buyers. China 90%+ supply dominance.
  • Carbon Black (RC2-RC3): 2,188 tpy Phase Initial · 21,880 tpy full programme. SABIC Riyadh anchor buyer. Domestic Western Region supply chain.
  • All carbon ICO buyers are CANDIDATE. No LOI at registry lock. WARN-05 applies. No WARN-08 dependency — all Riyadh outputs are carbon and organics.

IKTVA Alignment

  • ACM in MODON Riyadh = Saudi-based manufacturer for IKTVA calculation. All products sold to Aramco, SABIC, and NEOM OXAGON from this facility qualify for IKTVA domestic procurement credit for those buyers.
  • IKTVA target alignment: Aramco's 70%+ IKTVA commitment across its supply chain is supported by CFP, GO, and HP Graphite procured from Riyadh ACM — a domestic advanced materials source that didn't exist before this deployment.
  • NIDLP mandate: Riyadh ACM's Pozzolanic SCM and Mineral Aggregate qualify for NIDLP in-Kingdom construction materials sourcing preference under the Vision 2030 giga-project procurement framework.

Vision 2030 Alignment

Vision 2030 Pillar Riyadh ACM Contribution
MWAN 85% diversion 350,000 tpy full programme — largest single contribution in the Kingdom
National Industrial Development (NIDLP) Advanced carbon manufacturing facility in national capital — CFP, HP Graphite, GO domestic production for first time
Saudi Green Initiative 1,332,250 tCO₂e/yr avoidance at full programme — toward Saudi Arabia's 278M tCO₂e/yr SGI target
In-Kingdom Manufacturing Advanced Circular Manufacturing — Design for Manufacturing (DFM) technology; manufacturing-proven at full engineering readiness
IKTVA 62% IKTVA proxy ESTIMATED — domestic procurement credit for all institutional buyers
Vision 2030 construction programme (NIDLP giga-projects) Pozzolanic SCM (cement replacement) and Mineral Aggregate — domestic circular supply chain for national construction programme

Employment Creation ESTIMATED — Nitaqat-labeled

PhaseModulesDirect FTEIndirect FTE
Phase Initial147141
Phase Medium3141423
Phase Expanded6282846
Full Programme104701,410

All FTE figures ESTIMATED. Subject to Nitaqat compliance. In-Kingdom Saudization composition confirmed at Feasibility Study with HRSD. 470 direct FTE at full programme makes Riyadh ACM the largest single-site employer in the KSA programme. IKTVA proxy: 62% ESTIMATED.

Environmental Impact

  • Carbon avoidance: 1,332,250 tCO₂e/yr Phase Initial · 1,332,250 tCO₂e/yr full programme — toward Saudi Arabia's 278M tCO₂e/yr SGI commitment
  • Landfill diversion: 35,000 tpy Phase Initial · 350,000 tpy full programme — all toward MWAN 2035 diversion mandate
  • Circular economy: 7 streams converted from disposal liability to RC3+ manufactured outputs — zero residual to landfill from processed streams
  • Carbon credit generation: ACM carbon avoidance is quantifiable and auditable for Saudi Green Initiative reporting and voluntary carbon market credit generation

National Capital Advantage

  • PIF HQ proximity: PIF, SIRC (CSA counterparty), SABIC, and Aramco programme offices are all headquartered in Riyadh — the shortest possible distance between ACM operations and institutional decision-makers
  • 21% of national waste: Riyadh's waste volume is the single largest corridor in Saudi Arabia. ACM at Riyadh addresses a compliance obligation that has no peer in the Kingdom's waste management infrastructure
  • Programme flagship: Riyadh's 1,000 TPD full programme is the largest deployment in the KSA programme ($550M FDI) — positioning the national capital as the reference site for Saudi Arabia's advanced circular manufacturing sector
  • Off-take density: SABIC, Aramco, NEOM OXAGON, and NIDLP procurement offices are all reachable from Riyadh within a single business day — ICO confirmation timelines are shorter here than in any other region

Programme Timeline

MilestoneDateStatus
T0 — CSA executionQ4 2027ESTIMATED
Phase Initial CODQ2 2030ESTIMATED
First Revenue Share~Q3 2031DERIVED
Phase Medium CODQ4 2031ESTIMATED
Phase Expanded CODQ2 2033ESTIMATED
Full Programme CODQ4 2034ESTIMATED

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