الناصر: «أرامكو» ملتزمة بالاستدامة وهدف صافي الانبعاثات الصفري في 2050

The President of Saudi Aramco, Amin Nasser, clarified that Aramco's vision is to become a leader in integrated energy and chemicals companies worldwide, and to continue conducting its operations safely, sustainably, and reliably.

Nasser mentioned in Aramco's annual sustainability report for the year 2024, released today (Sunday) under the title "Investing in Growth and Innovation for Sustainability," that the company's operational objectives have remained unchanged to achieve its vision, despite the challenges facing the energy sector in a multipolar world witnessing momentum in the global energy transition.

Nasser explained that this is the fourth sustainability report prepared by Aramco since it announced its ambition to reach net-zero greenhouse gas emissions for scopes (1 and 2) across all assets it fully owns and operates by 2050, noting that the company has set a new interim target for 2030 to reduce the carbon intensity of its exploration and production activities.

Nasser stated that the company made further progress in 2024 in several areas, including signing a shareholder agreement to develop a carbon capture and storage center in Jubail, Saudi Arabia, indicating that upon completion, it is expected to be one of the largest projects in the world in this field.

He added that hydrogen represents another area where the company sees potential growth opportunities, which prompted it to acquire a 50% ownership stake in a company specialized in blue hydrogen operations.

Nasser pointed out that the company, as part of its efforts to contribute positively to the global energy transition, signed a non-binding preliminary agreement with Ma'aden to establish a joint venture for mineral exploration and mining in Saudi Arabia, explaining that the project could benefit from Aramco's vast data volume in earth sciences and its extensive knowledge of subsurface layers, with the potential to start lithium production by 2027.

Nasser clarified that technology is a crucial element for Saudi Aramco in its efforts to develop new solutions that contribute to the sustainability of its operations in exploration, production, refining, chemicals, and marketing, noting that the company expanded in 2024 to leverage artificial intelligence in several areas of its business, currently utilizing AI-based analytics to monitor and reduce greenhouse gas emissions.

He added that most of the company's core equipment is now monitored by artificial intelligence, as predictive algorithms help improve facility reliability and increase efficiency.

Nasser affirmed that Saudi Aramco believes, in its outlook for the future, that the global energy transition lies in adopting a multi-source, multi-speed, and multi-dimensional approach that considers the actual priorities for energy security and sustainability, at a reasonable cost in each country, indicating that the company has great confidence in its ability to adapt and thrive in a world increasingly aware of the need to reduce carbon emissions.

He explained that this confidence is based on the competitive advantages that Saudi Aramco possesses, including its unique business scope, low production costs, and being among the global producers with the lowest carbon intensity in the exploration and production sector, in addition to the company's greatest asset, which is its human capital of employees who continue their commitment to providing the reliable energy that the nation and the world need, today and in the future.

It is worth noting that the report showcases Saudi Aramco's approach to integrating sustainability into its strategy and operations, the company's efforts to provide lower carbon emission solutions, including reducing methane emissions, leading in supporting partnerships and sustainability initiatives, as well as utilizing artificial intelligence applications in its operations, in addition to the effective role the company plays in maximizing societal value in all its areas of operation.