Saudi Aramco Launches First Direct Air Capture Test Unit

The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
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Saudi Aramco Launches First Direct Air Capture Test Unit

The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo
The logo of Saudi Aramco is pictured outside Khurais, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov/File Photo

Saudi oil giant Aramco has launched a pilot direct air capture unit able to remove 12 tons of carbon dioxide per year from the atmosphere, it said on Thursday.

The facility, developed with Siemens Energy, is Saudi Arabia's first carbon dioxide direct air capture (DAC) unit and will be used to test CO2 capture materials, Aramco said.

"The test facility launched by Aramco is a key step in our efforts to scale up viable DAC systems, for deployment in the Kingdom of Saudi Arabia and beyond," Ali A. Al-Meshari, Aramco senior vice president of technology oversight and coordination, said in Aramco's statement, Reuters reported.

"In addition to helping address emissions, the CO2 extracted through this process can in turn be used to produce more sustainable chemicals and fuels."

Aramco announced the pilot DAC unit with Siemens Energy in October 2023 and said at the time it would be completed in 2024 and was intended to pave the way for a larger pilot plant that would have the capacity to capture 1,250 tons of CO2 per year.

The state oil giant in December signed an agreement with oil services firms SLB and Linde to build a carbon capture and storage project in Jubail, Saudi Arabia. The first phase is expected to be completed by the end of 2027, capturing and storing up to 9 million tons of CO2 a year.



France's 2026 Deficit Target Implies 40 billion Euros of Savings, Minister Says

French Minister for Economy, Finance, Industrial and Digital Security Eric Lombard looks on during the questions to the government session at the National Assembly in Paris, France, March 18, 2025. REUTERS/Sarah Meyssonnier/File Photo
French Minister for Economy, Finance, Industrial and Digital Security Eric Lombard looks on during the questions to the government session at the National Assembly in Paris, France, March 18, 2025. REUTERS/Sarah Meyssonnier/File Photo
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France's 2026 Deficit Target Implies 40 billion Euros of Savings, Minister Says

French Minister for Economy, Finance, Industrial and Digital Security Eric Lombard looks on during the questions to the government session at the National Assembly in Paris, France, March 18, 2025. REUTERS/Sarah Meyssonnier/File Photo
French Minister for Economy, Finance, Industrial and Digital Security Eric Lombard looks on during the questions to the government session at the National Assembly in Paris, France, March 18, 2025. REUTERS/Sarah Meyssonnier/File Photo

France's plan to lower its budget deficit to 4.6% of economic output in 2026 from 5.4% this year implies finding 40 billion euros ($45.4 billion) of savings, finance minister Eric Lombard said on Sunday.

"I am sticking to the target of 4.6% for 2026, which will require an extra and very considerable effort worth 40 billion euros," Lombard told BFM TV.

"We are in a state of emergency, regarding our budget," he added, Reuters reported.

France, the euro zone's second-biggest economy, is targeting a gradual reduction in its budget deficit in order to meet EU rules.

As a first step, it wants to trim the deficit to 5.4% of economic output this year from 5.8% last year, with a view to bringing the shortfall in line with an EU ceiling of 3% by 2029.

France cut its 2025 economic growth forecast to 0.7% from 0.9% on Wednesday, reflecting uncertainty from the global trade war caused by US President Donald Trump's tariffs.