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Saudi Arabia’s TAQA Expands Oilfield Chemicals Capabilities

Saudi Arabia’s TAQA Expands Oilfield Chemicals Capabilities
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Saudi Arabia’s TAQA Expands Oilfield Chemicals Capabilities

Saudi Arabia’s TAQA Expands Oilfield Chemicals Capabilities

Saudi Industrialization and Energy Services Company (TAQA) announced that it has agreed to acquire a stake in OPT Petroleum Technologies Company which is headquartered in US's Houston.

TAQA’s strategic partnership with OPT secures access to world-class specialty chemicals and products, which comprise a key component of the success and differentiation of TAQA’s services.

In an investment of more than SAR10 million, OPT will build local chemical research, engineering, and manufacturing facility in Dhahran.

This aims to introduce new engineering solutions, create more jobs and promote local content of products and chemicals research and development (R&D) in Saudi Arabia.

For his part, Khalid Nouh, TAQA Chief Executive said: “Our Operations Chemicals Laboratories in Dammam 2nd Industrial City is a testament to TAQA’s growth strategy in chemical operations, and partnering with OPT will further cement our capabilities into oilfield chemicals research, engineering, and manufacturing, supporting TAQA’s technology development ambitions.”

Meanwhile, Zhijun Xiao, CEO of OPT, said: “We are pleased with the partnership with TAQA, which will facilitate OPT to come in full force in the Kingdom to support our clients with chemical products, technologies, and services."

The combination of TAQA and OPT resources will facilitate an increased service offering for customers and bring international technology developers to establish a presence in the Kingdom, in line with Saudi Arabia’s Vision 2030.

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Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
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Aramco, Gulf Cryo Cooperate in Testing Lower-carbon Hydrogen

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco
The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. Photo: Aramco

Saudi Aramco has signed an agreement with Gulf Cryo, a regional leader of end-to-end industrial gases and decarbonization solutions in the MENAT region, to conduct testing of lower-carbon hydrogen and carbon capture & utilization technologies under Saudi Arabian climate conditions enabling future commercial deployment.

The agreement underscores Aramco’s desire to develop a lower carbon emission future through investing in research and technology development, to support business growth and meet global energy demand while reducing scope 1 and scope 2 GHG emissions to net-zero by 2050 from its wholly own operated assets.

The initiative will facilitate testing Aramco’s newly-developed technologies at pilot and pre-commercial scale. The testing and assessment will be conducted at Gulf Cryo's newly established Applications and Technologies Center (ATC) at King Salman Energy Park (SPARK), a press statement said Thursday.

Aramco’s senior vice president of Technology Oversight and Coordination (TOC), Ali A. Al-Meshari, said: “This collaboration is important in advancing our early stage technologies to the next phase of development, which will help create local ecosystem for accelerating technology deployment leveraging in-kingdom talent and infrastructure.”

As for Gulf Cryo Vice Chairman, Eng. Abdel Salam Al Mazro, he said that “the project will leverage the capabilities of our Center to deliver groundbreaking lower-carbon hydrogen and decarbonization solutions, tailored to the unique needs of Aramco.”

In addition to driving technological advancements in decarbonization, this collaboration supports Saudi Arabia’s strategy to enhance localization and build local capabilities. The facility is planned to be ready for commissioning by the end of 2025, the statement added.