Economy

"Aramco" Signed 3 agreements with American companies to develop low-carbon energy solutions

RIYADH, MAY 17, WAM / Yesterday, the Saudi Arabian Oil Company, “Saudi Aramco,” signed 3 memorandums of understanding with American companies to enhance the development of low-carbon energy solutions, in the presence of Prince Abdulaziz bin Salman bin Abdulaziz, Minister of Energy, Al-Saadawi, and Jennifer Granholm, US Secretary of Energy.

The memorandums of understanding signed, according to the Saudi News Agency (SPA), included the “AeroSeal” agreement. Aramco and “AeroSeal” agreed to discuss available opportunities to accelerate the use of AeroSeal technology in the company’s buildings and other places, and to follow up on joint tests of the pipeline network and buildings across the Kingdom to search for… The most prominent opportunities are commercializing the technology in new applications such as gas pipelines, in addition to localizing the “Aerocel” supply chain in the Kingdom.
In the second agreement, Aramco agreed with Spiritus to explore opportunities in the field of direct air capture. Spiritus’ innovative method of direct air capture addresses the main challenges related to costs in current methods of direct air capture. It also includes reducing energy needs, collecting air passively, and using… A special absorbent material to remove carbon from the atmosphere with absorption efficiency that can be up to ten times greater than current methods.
Aramco and Rondo agreed on the possibility of using thermal batteries in Aramco’s global facilities to reduce operating costs and support emissions reduction initiatives. The two companies began engineering studies for the first use on an industrial scale of Rondo thermal batteries, which could contribute to reducing emissions from Saudi Aramco facilities, with Later scaling up to 1 GWh.
For his part, Saudi Aramco’s Senior Vice President for Coordination and Technical Supervision, Ali Al-Mishari, said, “Aramco announced its ambition to reach zero neutrality for Scopes 1 and 2 with regard to greenhouse gas emissions in its business facilities that it wholly owns and operates by 2050, as we see There are many opportunities to build new low-carbon energy businesses, and innovative technologies deployed at scale can help reduce the costs of reducing carbon emissions.

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