Saudi Aramco, energy ministry cooperate to launch carbon capture, storage center

2022-11-13 01:19:53

(MENAFN) Saudi Arabian Oil Co., one of the largest oil manufacturers in the globe, has cooperated with the nation’s energy ministry to grow a carbon capture as well as storage center as Saudi Arabia progressively grow to reach its net-zero goal by 2060.

The declaration was voiced throughout the Saudi Green Initiative on Thursday on the offshoots of the United Nations Climate Change conference, recognized as COP27, in Sharm El-Sheikh, Egypt.

After the statement of the additional ventures, Saudi Energy Minister Prince Abdulaziz bin Salman mentioned that the nation might reach its net-zero goal before the required aim in 2060.

“The Kingdom is taking another bold step. I’m very pleased to announce the establishment of a carbon capture and storage hub through a partnership with Aramco, which will help the Kingdom to meet its net-zero ambition by 2060. Don’t be very surprised if we achieve this net zero even before that period,” according to the minister.

He also mentioned that “We honor our commitments and deliver them. We have to showcase that we are honorably achieving our commitments.”

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