Aramco to Invest in Carbon Capture Startup
Saudi Aramco, the world’s largest energy company, announced its investment in the startup Carbon Capture, reported Economy Today. The startup is working on developing devices to absorb carbon dioxide from the air, according to Reuters.
This technology is among the most important emerging technologies that could significantly contribute to reducing greenhouse gas emissions. Meanwhile, the Saudi company stated that investing in “Carbon Capture” is part of its commitment to combating climate change.
The company added that it plans to use “Carbon Capture” technology in its own operations and aims to deploy this technology worldwide. This step by “Aramco” is an important move towards enhancing carbon dioxide absorption technologies and fighting climate change.
Aramco and Climate Change
Saudi Aramco, the world’s largest energy company, is a leader in the field of climate change mitigation. It offers a wide range of initiatives and projects aimed at reducing harmful gas emissions, enhancing clean energy technologies, and supporting research and development in sustainable energy.
Aramco has launched numerous initiatives to combat climate change, including its commitment to achieving net-zero carbon emissions from its operations by 2050, its investment in carbon dioxide absorption technologies. Moreover, it developed high-efficiency fuel engines. It is exploring hydrogen as a low-carbon fuel option and supports the Saudi Green Initiative.
Aramco’s Climate-Related Achievements
Aramco has achieved many accomplishments in the field of climate change mitigation, including reducing greenhouse gas emissions from its operations by 20% since 2018. It also developed new technologies for capturing carbon dioxide from the air, and invested in renewable energy projects. It reaffirmed its commitment to achieving net-zero carbon emissions from its operations by 2050.
Related Topics
Saudi Arabia Transfers 8% of Aramco to PIF
Deputy Minister of Industry, Aramco Officials Review National Industrial Strategy
