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FinancialNews
15-05-23
Saudi Arabia’s Agriculture Sector Aims for 95 percent Reduction in Liquid Fuel Consumption by 2030
(MENAFN) Saudi Arabia's Ministry of Environment, Water and Agriculture is making strides towards achieving a 95 percent reduction in liquid fuel consumption in the agriculture sector by 2030. This is part of the country's strategy to promote local farming using sustainable practices. The Liquid Fuel Displacement Program (LFDP) is being reviewed, with a focus on the use of the electric grid to replace liquid fuels used in agriculture to power machinery and equipment such as tractors, harvesters, and irrigation pumps. The LFDP aims to displace more than 1 million barrels of liquid fuels per day across utilities, industry, and agriculture by 2030, involving more than 10 government and 20 private companies.
The head of the agricultural team of the LFDP, Mohammed Al-Abdullatif, recently spoke at a workshop organized by the ministry for the sector. He explained that the displacement program would work on replacing the existing energy sources in agriculture with electricity by connecting to the power grid. The program aims to enhance operational capacity and reduce any external factors affecting the sustainability of the Kingdom's environmental sectors. The program also bears the costs of delivering electrical service until the farm gate and provides soft loans to meet the necessary modifications to achieve sustainability in the agricultural sector and improve the total yield of the Kingdom.
To execute the program, farmers must provide data on the required electric load for the farm and estimate the necessary time needed to switch to electricity. The rollout will first focus on major agricultural companies in the Kingdom, followed by large farmers, after which the ministry will target the smaller farms. The LFDP is expected to have a significant impact on the agriculture sector in the region, promoting local farming using sustainable practices and reducing the country's reliance on liquid fuels.
In April, the Ministry of Environment, Water and Agriculture announced that Saudi Arabia had reached 60 percent self-sufficiency in mango production. The ministry recently disclosed that the Kingdom had achieved 95 percent self-sufficiency in papaya production. These achievements are a testament to the country's efforts to promote local farming and achieve sustainable agriculture practices. The LFDP is expected to further enhance the sustainability of the Kingdom's environmental sectors and reduce its carbon footprint in the agriculture sector.
MENAFN15052023000045014228ID1106242565
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