Saudi Ma'aden Announces Export of 1st Shipments of Low-carbon Blue Ammonia to China

Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday
Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday
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Saudi Ma'aden Announces Export of 1st Shipments of Low-carbon Blue Ammonia to China

Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday
Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday

Saudi Arabian mining company Ma'aden has announced that it has exported its first shipments of low-carbon blue ammonia to China, according to a statement.

Ma’aden signed an agreement to supply 25,000 tons of blue ammonia to China's Shenghong Petrochemicals and the first shipment left on Thursday from Saudi's Ras Al Khair port, the statement said.

Ma’aden is the world’s largest exporter of blue ammonia, having received certification to produce it in 2022.

Ma’aden is shipping over 138,000 tons of blue ammonia products to the world’s largest markets including South Korea, China, Japan, India, Thailand, and the European Union, establishing a major footprint in global efforts to green industrial value chains.

Ma’aden’s investment in blue ammonia is helping to cut emissions of an essential component in global industrial supply chains, used widely in fertilizer and food production, industrial sectors, and petrochemicals.

Ma’aden’s ambitious program of exports signals Saudi Arabia’s growing activity in global critical minerals value chains, in line with the country’s Vision 2030 objectives to make mining and minerals the third pillar of the Kingdom’s economy.

Through investment in innovative and sustainable production methods such as blue ammonia, Ma’aden is helping to cut industrial carbon emissions and power the global energy transition. Sustainability is a core component of Ma’aden’s growth strategy, with the goal of achieving carbon neutrality across the organization by 2050.



Aramco’s Investment Arm Allocates $100 Million to Artificial Intelligence

Aramco fully owns the Wa’ed Ventures Fund, valued at $500 million.
Aramco fully owns the Wa’ed Ventures Fund, valued at $500 million.
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Aramco’s Investment Arm Allocates $100 Million to Artificial Intelligence

Aramco fully owns the Wa’ed Ventures Fund, valued at $500 million.
Aramco fully owns the Wa’ed Ventures Fund, valued at $500 million.

The investment arm of Saudi Aramco has allocated $100 million to invest in startups in the field of artificial intelligence, with the aim of accelerating Saudi Arabia’s ambitions to become a leading global force in AI, according to Bloomberg.

Wa’ed Ventures, Aramco’s venture capital arm, has established an advisory board comprising former employees from companies such as Meta and Amazon to explore early-stage investments in this sector. The $100 million will be deployed over the next three years.

Wa’ed Ventures is a venture capital fund with a total value of $500 million and is fully owned by Saudi Aramco.

“Our strategic decision to allocate funds to AI investments is rooted in a deep understanding of the Kingdom’s growing ecosystem,” said Anas Al-Gahtani, acting CEO of Wa’ed Ventures.

“By fostering innovation and supporting AI startups, we aim to accelerate the development of cutting-edge technologies that will drive economic growth, improve quality of life, and position Saudi Arabia as a global leader in artificial intelligence. This investment will not only incentivize local entrepreneurs but also support the localization of global talent, ultimately unlocking the immense potential of AI,” Al-Gahtani added.

This year, Aramco’s investment arm has doubled its investments in artificial intelligence. Recently, Wa’ed invested $15 million in South Korean chip manufacturer Rebellion and participated in funding rounds for the AI platform aiXplain and Tenderd, a company supported by Peter Thiel, one of the most prominent names in tech investment.