Saudi Arabia announces major climate action establishing a carbon capture and storage center on its eastern coast, as the world’s biggest oil exporter is looking for ways to reach its goal of neutralizing emissions by 2060.
The Saudi Arabia Center is located in the port city of Jubail and will potentially be able to store up to 9 million tons of carbon dioxide a year by 2027.
The Energy Minister Prince Abdulaziz bin Salman said in a speech on Thursday evening at the COP27 climate summit in Sharm el-Sheikh, Egypt: “Don’t be very surprised if we achieve this net-zero before then.”
The state energy giant Aramco aims to contribute around 6 million tons of carbon each year to the Saudi Center, according to Chief Executive Officer Amin Nasser. He also said the remaining 3 million tons will come from other industrial sources.
The project is part of Saudi’s plan to produce blue hydrogen. Saudi Aramco wants to become one of the world’s largest exporters of blue hydrogen in the next decade.