Aramco and Siemens AG are set to formalise an agreement to construct a pioneering carbon capture and storage pilot project. This initiative comes as Saudi Arabia, the largest oil producer in the Middle East, explores innovative approaches to address emissions challenges.

Aramco's CEO, Amin Nasser, revealed the project during an event in Riyadh. He emphasised the potential of direct-air capture while acknowledging the need for further advancements and technologies to reduce its costs. The direct-air method, which involves extracting carbon dioxide from the atmosphere instead of emission sources, is recognised as the most expensive application of carbon capture by the International Energy Agency.

Source: Business Standard