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Saudi Aramco aims to become net zero energy producer by 2050: CEO

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23 Oct 2021 10:10:18 GMT9
23 Oct 2021 10:10:18 GMT9

Wael Mahdi

RIYADH: Saudi Aramco will become a net-zero carbon energy producer by 2050, said CEO Amin Nasser on Saturday.

He was speaking at a session organized as part of the Saudi Green Initiative Forum in Riyadh.

The Aramco chief said the oil company will replace crude burning for power with natural gas in 10 years.

“We understand the road will be complex and the transition will have challenges. But we’re confident we can meet them and accelerate our efforts to a low-emission future.”

He stressed the need for an orderly energy transition by taking a holistic view of the entire scenario.

Nasser said the world needs inclusive energy policies to avoid any crisis.

The Aramco chief said the oil company is investing heavily in research and development. “We have 12 research centers across the world.”

He said the focus of all our research facilities is to address climate change and find sustainable solutions.

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