Friday 22 March 2019

Aramco 'to focus on low-emission technologies'

LONDON, October 28, 2017

Saudi Aramco, a world leader in integrated energy and chemicals, is committed to reducing greenhouse gas  emissions by focusing its research, development and funding on high impact technologies that reduce cost and create significant environmental advantages, said its President and CEO Amin H. Nasser.

He was speaking at the third annual meeting of the Oil and Gas Climate Initiative (OGCI) being held in London.

At the event, Nasser joined fellow oil and gas CEOs and key energy and climate leaders to announce major investments in promising low-emission technologies to be implemented by the OGCI Climate Investments, the investment arm of OGCI.

The investments with Solidia Technologies, Achates Power and the first commercial carbon capture, use and storage (CCUS) gas plant are a testimony to OGCI’s determination in tackling climate change through  technology-enabled solutions that align with Saudi Aramco’s key priorities of reducing GHG emissions in the energy sector.

"We are also leveraging our global research and development network to demonstrate more efficient transport solutions, as well as, new technologies to capture CO2 and transform it into high value products, such as the Converge technology, which  produces low GHG footprint polymers," remarked Nasser.

In a joint statement, the OGCI member companies said: “Natural gas is a vital part of the transition to a lower carbon future. Our aim is to work towards near zero methane emissions from the gas value chain. We are also committed to ensure that natural gas continues to deliver its clear climate and clean air benefit compared to coal.”

Investments announced by OGCI Climate Investments at the meeting include:
•Solidia Technologies - A cement and concrete production company whose patented technology allows for the production of cement with fewer emissions by using CO2 to cure the concrete instead of water. Solidia’s technology has the potential to lower CO2 emissions in concrete production by up to 70 per cent and water consumption by up to 80 per cent.
•Achates Power - A company developing  innovative high-efficiency opposed-piston engines with the potential to substantially reduce the greenhouse gas emissions produced by vehicles. With investment from OGCI CI, as part of a broader consortium alongside engine makers, Achates Power aims to accelerate its engine technology deployment worldwide.
•A project that aims to design the first commercial scale gas power plant with carbon capture and storage capability. OGCI CI will work with the project team on a commercially viable concept and basic engineering design that can receive government support and attract private sector investors.

In other achievements over the past year, OGCI is partnering with United Nations Environment to launch the world’s first global methane study focused on filling gaps in identification and quantification of global methane emissions.

OGCI is also working with Imperial College London to develop a clearer understanding of total GHG emissions across the natural gas value chain.-TradeArabia News Service

Tags: aramco | emission technologies | OGCI |

More Health & Environment Stories

calendarCalendar of Events