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Aramco, TotalEnergies, SIRC Mull Establishment of Sustainable Aviation Fuel Plant in Saudi Arabia

The collaboration seeks to leverage each company's expertise to develop an SAF plant in the Eastern Province of the Kingdom. SPA
The collaboration seeks to leverage each company's expertise to develop an SAF plant in the Eastern Province of the Kingdom. SPA
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Aramco, TotalEnergies, SIRC Mull Establishment of Sustainable Aviation Fuel Plant in Saudi Arabia

The collaboration seeks to leverage each company's expertise to develop an SAF plant in the Eastern Province of the Kingdom. SPA
The collaboration seeks to leverage each company's expertise to develop an SAF plant in the Eastern Province of the Kingdom. SPA

Saudi Aramco, TotalEnergies, and the Saudi Investment Recycling Company (SIRC) have said they signed a joint development and cost-sharing agreement, aiming at evaluating the potential development of a sustainable aviation fuel (SAF) plant in the Kingdom.
The announcement coincided with French President Emmanuel Macron's official visit to the Kingdom on Tuesday. The collaboration seeks to leverage each company's expertise to develop an SAF plant in the Eastern Province of the Kingdom.
The evaluation phase will focus on utilizing innovative engineering and technological solutions to recycle and process local waste or circular economy by-products, including cooking oils and animal fats, to produce SAF.
President and CEO of Saudi Aramco Amin Hassan Nasser pointed out that addressing aviation emissions through low-carbon alternatives has become imperative in light of the expected growth in air travel demand, highlighting the crucial role of mega global energy companies like Saudi Aramco and TotalEnergies.

"Addressing transportation emissions requires a wide range of approaches, and Aramco is committed to finding innovative solutions and contributing to global efforts to reduce emissions," he said.
Underlying the solid partnership between Saudi Aramco and TotalEnergies, Nasser said: "Our goal is to establish a sustainable aviation fuel plant in the Kingdom with SIRC, benefiting both domestic and international airlines, particularly as the tourism and aviation sectors expand."
Chairman and CEO of TotalEnergies Patrick Pouyanné expressed his enthusiasm for collaborating with Saudi Aramco and SIRC to assess SAF production in the Kingdom. He also stressed the importance of advancing efforts to decarbonize air transport.
SIRC CEO Ziyad Al-Shiha noted that the partnership aligns with the company's commitment to supporting the ambitious sustainability goals of the Saudi Vision 2030 and the Saudi Green Initiative, saying: "We are focusing on increasing waste-to-resource conversion rates, and this new collaboration with Saudi Aramco and TotalEnergies to assess the feasibility of a renewable aviation fuel plant is a significant step toward advancing the circular economy in the Kingdom."

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Saudi Energy Minister: Petroleum and Petrochemical Law Guarantees Fair Competition for Investors

Saudi Energy Minister Prince Abdulaziz bin Salman. (Reuters)
Saudi Energy Minister Prince Abdulaziz bin Salman. (Reuters)
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Saudi Energy Minister: Petroleum and Petrochemical Law Guarantees Fair Competition for Investors

Saudi Energy Minister Prince Abdulaziz bin Salman. (Reuters)
Saudi Energy Minister Prince Abdulaziz bin Salman. (Reuters)

Shortly after the Saudi Cabinet approved the Petroleum and Petrochemical Law, Energy Minister Prince Abdulaziz bin Salman said on Tuesday the regulation aims to achieve a set of goals, mainly regulating petroleum and petrochemical operations, in a manner that contributes to economic growth.

The law also backs efforts to attract investments, elevates employment rates, upgrades energy efficiency, safeguards consumers and licensees, while ensuring product quality and creating a competitive environment that fuels fair economic yields for investors, the Minister said.

Prince Abdulaziz expressed his gratitude to Custodian of the Two Holy Mosques, King Salman bin Abdulaziz and Prince Mohammed bin Salman, Crown Prince and Prime Minister, for the Cabinet’s decision to approve the new law.

He praised the Saudi leadership for its support and empowerment of the energy sector, and its contribution in boosting the sector’s productivity to achieve the targets of Vision 2030.

The new law helps in building the local energy sector’s legislative framework, Prince Abdulaziz went on to say.

“This is accomplished by leveraging the top-tier international practices, boosting performance, achieving national objectives, and ensuring the optimal use of petroleum and petrochemical resources,” he said.

The new law, replacing the Petroleum Products Trade Law, helps ensure the security and reliability of local petroleum and petrochemical supplies, the minister explained.

This is on top of achieving optimal utilization of raw materials, supporting the localization of the industry’s value chain, enabling national strategies and plans, and enhancing the control and supervision of petroleum and petrochemical operations to step up compliance with laws and regulations, he added.

The new law combats practice violations by regulating the activities of use, sale, purchase, transportation, storage, export, import, packaging, and processing of these resources.

It also regulates the establishment and operation of distribution channels and petrochemical facilities, said Prince Abdulaziz.