Aramco moves in quick pace for growth of low-carbon energy | MENAFN.COM

Monday, 15 August 2022 04:41 GMT

Aramco moves in quick pace for growth of low-carbon energy


(MENAFN) Saudi Arabian Oil firm (Aramco) invested the Aramco Research Center to hurry the growth of low-carbon solutions for the energy industry using progressive analytics on Monday.

The study center deploys artificial intelligence and machine learning to develop creative methods to expand low-carbon solutions and allow a Circular Carbon Economy.

The specialists, engineers as well as scientists aim to create new technologies in carbon capture, low-carbon hydrogen/ammonia, non-metallics, e-fuels, liquids-to-chemicals, in addition to advanced transport technologies.

Ahmad Al-Khowaiter, Aramco head Technology Officer, stated that “The critical research undertaken at this new facility will help us meet our obligations to customers and energy consumers worldwide, while also supporting our ambition of reaching operational net-zero emissions by 2050.”

Saudi Aramco was registered in 5th place as the world's largest public firm in the Forbes Global 2000 record in two years ago.

The firm reported in March last year that earnings in in the year before were over 44 percent less than in 2019, because of worldwide lockdowns following the COVID-19 epidemic, which cut crude request.

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