Saudi Aramco Signs MoUs with American Companies to Advance Lower-Carbon Energy Solutions

Aramco Signs MoUs with American Companies to Advance Lower-Carbon Energy Solutions

In a groundbreaking move towards sustainability, the Saudi Arabian Oil Company, also known as Aramco, has announced the signing of three Memoranda of Understanding (MoUs) with leading American companies. The MoUs aim to advance the development of potential lower-carbon energy solutions and support Aramco’s commitment to achieving net zero Scope 1 and Scope 2 greenhouse gas emissions by 2050.

The MoUs were signed in the presence of Minister of Energy for the Kingdom of Saudi Arabia, HRH Prince Abdulaziz bin Salman al Saud, and US Secretary of Energy, Jennifer Granholm. The agreements aim to explore innovative technologies that could revolutionize the energy sector and contribute to global efforts to combat climate change.

One of the MoUs was signed with Aeroseal, a company that specializes in energy-saving technologies. Aramco and Aeroseal will work together to accelerate the deployment of Aeroseal’s technology in building fleets and explore novel applications such as gas pipelines. The collaboration could lead to significant reductions in carbon emissions and operational costs for both companies.

Another MoU was signed with Spiritus, a company focused on direct air capture technology. Aramco and Spiritus will explore opportunities to implement Spiritus’ novel approach to direct air capture, which could potentially remove carbon from the atmosphere at a tenfold increase in efficiency compared to existing methods. This collaboration could play a key role in Aramco’s emissions reduction initiatives.

Lastly, Aramco signed an MoU with Rondo, a company specializing in heat batteries. The collaboration aims to deploy heat batteries in Aramco’s global facilities to reduce operating costs and support emissions reduction initiatives. By implementing Rondo Heat Batteries on an industrial scale, Aramco could significantly decrease emissions from its facilities and pave the way for future sustainability efforts.

Ali A. Al-Meshari, Senior Vice President of Technology, Oversight & Coordination at Aramco, highlighted the importance of these collaborations in achieving Aramco’s sustainability goals. He stated, “Innovative technologies deployed at scale can help reduce the costs of reducing carbon emissions, and we are investing in developing these through our R&D, venture capital, and technology deployment programs. We see the technologies of Aeroseal, Spiritus, and Rondo to have the potential to scale globally, and specifically in the Middle East.”

The signing of these MoUs marks a significant step towards a greener and more sustainable future for Aramco and the energy sector as a whole. As the world shifts towards a lower-carbon economy, these collaborations could serve as a model for other companies looking to embrace clean energy solutions.