Saudi Aramco Chief Executive Amin H. Nasser has reaffirmed the company’s commitment to cutting back greenhouse gas emissions.
The Aramco top executive was attending an event sponsored by the Oil and Gas Climate Initiative (OGCI), a partnership of 10 international oil companies that aims to reduce greenhouse gas emissions from the industry.
“Saudi Aramco is committed to reducing greenhouse gas (GHG) emissions by focusing our research, development and funding on high impact technologies that reduce cost and create significant environmental advantages,” Nasser said at the event.
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 to tackle 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,” Nasser added.
In a joint statement, the OGCI member companies said that “natural gas is a vital part of the transition to a lower carbon future.”
They also said they aimed at working towards reaching near-zero methane emissions from the gas value chain.
More so, they expressed their commitment towards ensuring that natural gas continues to deliver its clear climate and clean air benefit compared to coal.
In other achievements over the past year, OGCI is partnering with United Nations Environment Program (UNEP) 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.