RIYADH: Three US companies and Saudi Aramco have inked memorandums of understanding to promote the creation of potential lower-carbon solutions.
The Kingdom’s Minister of Energy, Prince Abdulaziz bin Salman, and his White House counterpart, Jennifer Granholm, witnessed the signing of the agreements with Aeroseal, Spiritus, and Rondo.
Following discussions about carbon management, clean hydrogen, nuclear energy, electricity and renewables, innovation, and the resilience of the energy sector supply chain, the two officials reached an agreement on a roadmap for cooperation between thee nations in the field.
The company has expressed its goal to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050, and senior vice president of technology, oversight, and coordination at Aramco, Ali Al-Meshari, stated: “Aramco sees opportunities to build a lower-carbon new energy business potentially.” We are investing in developing innovative technologies through our R&D, venture capital, and technology deployment programs because they can help lower the costs associated with reducing carbon emissions when implemented at scale. Aramco agreed to investigate opportunities in the direct air capture field as part of the Spiritus deal, and the US firm’s approach in this area may address significant cost challenges.
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