Saudi Arabia Mobilizes Research, Innovation Experts to Activate Circular Carbon Economy

 Saudi Energy Minister Prince Abdulaziz bin Salman speaks during the launching of KAUST Circular Carbon Initiative on Tuesday (Asharq Al-Awsat)
Saudi Energy Minister Prince Abdulaziz bin Salman speaks during the launching of KAUST Circular Carbon Initiative on Tuesday (Asharq Al-Awsat)
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Saudi Arabia Mobilizes Research, Innovation Experts to Activate Circular Carbon Economy

 Saudi Energy Minister Prince Abdulaziz bin Salman speaks during the launching of KAUST Circular Carbon Initiative on Tuesday (Asharq Al-Awsat)
Saudi Energy Minister Prince Abdulaziz bin Salman speaks during the launching of KAUST Circular Carbon Initiative on Tuesday (Asharq Al-Awsat)

Scientists and experts in Saudi Arabia began working on the circular carbon economy, a strategy that was launched during the Saudi G2O summit in Riyadh and aims to reduce carbon emissions and convert them into active materials.

On Tuesday, King Abdullah University of Science and Technology (KAUST) - west of the Kingdom - launched the Circular Carbon Initiative, in a step to reinforce the directions of the Vision 2030.

Speaking during the event, Saudi Energy Minister Prince Abdulaziz bin Salman stressed that KAUST was equipped with all the needs and requirements to activate the circular carbon initiative, in support of the vision of the Kingdom's leaders and the G20.

KAUST’s Circular Carbon Initiative seeks to harness and mobilize the university’s research strengths and innovations, to develop and disseminate new technical solutions that support the circular carbon economy agenda.

In a statement KAUST said that the Circular Carbon Economy (CCE) was a sustainable and cost-effective approach that recognizes the urgency to act on the climate while ensuring access to clean and affordable energy for all. It added that the university’s initiative was aimed at filling an innovation gap through multidisciplinary work and in turn supporting Saudi Arabia in leading its CCE program.

Tony Chan, KAUST President, said that the university strives to be a global leader with its contributions in providing effective solutions to national and global challenges.

Since its establishment in 2009, KAUST has dedicated strategic investments in the infrastructure for research centers and main laboratories, and a large number of talented people. The university works to enhance cooperation with academics, industries and government agencies to develop and publish new scientific and engineering solutions across several sustainability areas.

“We seek to make an impact by partnering with academics and productive and government sectors, to ensure that university research is applied in a timely manner to achieve social and political benefits,” KAUST Vice President for Research Donal Bradley said in a statement.



Aramco CEO: We Will Invest $3.4 Billion to Expand Refinery in US

Amin Hassan Nasser, CEO of oil giant Aramco speaks during the Saudi-US investment forum in Riyadh on May 13, 2025. (Photo by Fayez NURELDINE / AFP)
Amin Hassan Nasser, CEO of oil giant Aramco speaks during the Saudi-US investment forum in Riyadh on May 13, 2025. (Photo by Fayez NURELDINE / AFP)
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Aramco CEO: We Will Invest $3.4 Billion to Expand Refinery in US

Amin Hassan Nasser, CEO of oil giant Aramco speaks during the Saudi-US investment forum in Riyadh on May 13, 2025. (Photo by Fayez NURELDINE / AFP)
Amin Hassan Nasser, CEO of oil giant Aramco speaks during the Saudi-US investment forum in Riyadh on May 13, 2025. (Photo by Fayez NURELDINE / AFP)

Saudi Aramco CEO Amin Nasser said the company will invest $3.4 billion to expand its refinery in the US, a move that reflects Aramco’s commitment to strengthening its presence in global markets, particularly in the integrated energy sector.

During his participation in the Saudi-US Investment Forum, Nasser said Tuesday that Aramco will sign an agreement with the US company Sempra to supply 6.2 million tons of liquefied natural gas annually, as part of the company’s plans to expand in this vital sector.

Aramco is pursuing 7.5 million tons a year of LNG offtake by 2030.

“The US is really a good place to put our investment,” he added.

Nasser explained that Aramco also invests in technology with global companies such as Nvidia, Google, IBM and Qualcomm.

Meanwhile, ACWA Power Chairman of the Board of Directors Mohammad Abunayyan said the company has succeeded in reducing the cost of electricity production from solar energy by 90%, and the cost of wind energy by more than 60%.

He pledged that the company will achieve a similar cost production in energy storage technologies.

“We have made renewable energy sources the backbone of the electricity grid, which is a globally unprecedented achievement,” Abunayyan said.

“Renewable energy has become a permanent source, thanks to the reliance on battery and hydrogen technologies,” he told a panel discussion at the Saudi-US Investment Forum.

Abunayyan said he is optimistic Saudi Arabia will become a digital hub and a global hub for data centers.

“There is no country in the world more capable than the Kingdom of Saudi Arabia to provide energy for data centers,” he said, stressing that Saudi Arabia is one of the few countries able to achieve net-zero emissions while maintaining the stability of the core energy grid.