In Short : Aramco and Siemens are set to sign a pilot project for carbon capture and storage (CCS), marking a significant move towards reducing carbon emissions. This joint initiative aims to capture carbon dioxide emissions from industrial processes and store them underground, preventing them from entering the atmosphere and contributing to climate change. This collaboration underscores the commitment of major industries to invest in innovative solutions, promoting environmental sustainability and advancing the global fight against climate change.
In Detail : Extracting carbon dioxide from the atmosphere rather than sources of emissions, the direct-air method is the costliest application of carbon capture, according to the International Energy Agency
Aramco and Siemens AG will sign an agreement Monday to build a pilot project for carbon capture and storage, as the Middle East’s biggest oil producer Saudi Arabia seeks new ways to tackle emissions.
“We believe direct-air capture will work, but needs more innovation and technologies to bring the costs down,” Aramco’s chief executive officer, Amin Nasser, said at an event Sunday in the Saudi capital, Riyadh, as he announced the project.
Extracting carbon dioxide from the atmosphere rather than sources of emissions, the direct-air method is the costliest application of carbon capture, according to the International Energy Agency.