SEER Signs MoU with ECO Tadweer to Achieve Multiple Green Initiative in Saudi Arabia

Strategic Environmental & Energy Resources, Inc. has entered into a formal Memorandum of Understanding (MOU) with a newly-formed Saudi business entity, ECO Tadweer (ET).

ET is a Saudi company that specializes in environmental project management. The joint venture seeks to contribute to The Middle East Green Initiative (see below) and other projects like Green Riyadh to collectively promote environmental protection, quality of life, and public health within the Kingdom.

Both SEER and ET will be working closely with the Saudi Investment Recycling Company (SIRC), a wholly-owned subsidiary of the Public Investment Fund (PIF) of Saudi Arabia. SIRC is part of the Saudi national program known as Vision 2030. The Saudi & Middle East Green Initiatives program is one of the largest environmental projects of its kind anywhere in the world and includes, among other things, the planting of ten billion trees across Saudi Arabia.

“ECO Tadweer is an initiative of the Saudi Economic Cooperation Organization led by the private sector to contribute to national and global efforts in the field of environmental sustainability and, more specifically, the application of a circular carbon economy approach as envisioned by the Saudi Investment Recycling Company,” said Areej Alturki, one of ET’s directors. “This initiative is designed to activate the role of the private sector in contributing to Saudi economic development by supporting the infrastructure of both the energy and environment sectors and by developing sustainable economic solutions for Saudi companies,” she continued.

“ET was recently formed to assemble both technologies and management that will enable it to most effectively contribute to Saudi’s efforts to be a world leader in sound environmental policies and practices. It was good fortune that we had knowledge of SEER and its global contacts in the Middle East. We reached out to SEER’s management and quickly concluded it had many of the pieces we needed to launch our initiatives in the Kingdom. SEER has proven environmental solutions such as organic, carbon-based fertilizers, renewable biogas treatment technology and a gold-standard medical waste destruction system all of which fit into our environmental objectives,” said Alturki.

“After several visits to the Kingdom and meetings with key leadership in the government and private sector, we are proud to have entered into this strategic agreement with ECO Tadweer,” said John Combs, CEO of SEER. One of our directors, Scott Yenzer, lived in the region for over a decade when he was an executive at Jacobs Engineering. His contacts enabled us to make high-level and effective connections in and around the management teams of the various environmental projects now underway in the Kingdom. We are already discussing how SEER’s solution offerings can be implemented in these projects and become part of the long-term solutions in Saudi. We have been working with one of the most prominent Saudi universities to develop a specialized product best suited for the Saudi soil and to develop specific plans that incorporate our partner’s biochar and our organic, carbon-based Pellechar product into the early pilot programs involving the ‘greening’ of parks throughout the Kingdom. Our partners and SEER are confident our biochar and Pellechar will enhance the growth of trees, shrubs and ground cover throughout the Kingdom.”