“I’m delighted to announce that the establishment of a CCC will assist the Kingdom in meeting its net zero ambition by 2060,” said the Kingdom’s energy minister, Prince Abdulaziz bin Salman, in a speech in the Egyptian resort of Sharm el-Sheikh.
“Don’t be surprised if we achieve net zero before then.”
According to Aramco CEO Amin Nasser, the centre will be located on Saudi Arabia’s east coast in Jubail. He added that the hub could store up to 9 million tonnes of CO2 per year by 2027. “At Aramco, we aim to contribute around 6 million tonnes, with the remaining 3 million coming from other industrial sources,” Nasser said.