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  • Ahmed Saleh

Aramco Signs Three Memorandums of Understanding During US Energy Secretary's Visit



Dhahran, Saudi Arabia, May 18, 2024 (SPA) Yesterday's news announcement stated that the Saudi Arabian Oil Company (Aramco) signed three memorandums of understanding (MoUs) with significant American corporations on Thursday to expedite the development of sustainable low-carbon energy solutions.Prince Abdulaziz bin Salman al-Saud, Minister of Energy, and Jennifer Granholm, Secretary of Energy for the United States of America, both attended the signing event.According to the release, following a successful trial of Aeroseal's technology in Saudi Arabia, Aramco and Aeroseal agreed to explore opportunities to accelerate the deployment of Aeroseal's technology in the company's building fleet and elsewhere; pursue joint testing of building ductwork and envelopes nationwide to uncover the most prominent opportunities; commercialize the technology in novel applications such as gas pipelines; and localize Aeroseal's supply chain.Spiritus and Aramco have reached an agreement to investigate the possibilities of direct air capture. Spiritus' innovative approach to direct air capture involves reducing energy requirements, passive air collection, and a proprietary sorbent material. This material has the potential to remove carbon from the atmosphere at an adsorption efficiency up to ten times higher than existing methods, thereby addressing the major cost challenges associated with existing approaches.Rondo and Aramco came to an agreement that they would research the possibility of using heat batteries in Aramco's global plants in order to reduce operating costs and work toward achieving emissions-reduction goals.According to the release, the companies have started conducting technical studies for the first industrial-scale deployment of Rondo Heat Batteries. This deployment has the potential to contribute to a reduction in emissions from Aramco facilities, with the capacity to scale up to 1 GWh.Ali Al-Meshari, Senior Vice President of Technology, Oversight, and Coordination at Aramco, made the following statement: "Aramco has stated its ambition to achieve net zero and greenhouse gas emissions across its wholly owned operated assets by the year 2050 and sees opportunities to potentially build a lower-carbon new energy business."In his remarks, he stated that Aramco is investing in the creation of new solutions through research and development, venture funding, and technology deployment initiatives. He also mentioned that these solutions can help cut carbon emissions at a reduced cost when deployed at scale."We see the technologies of Aeroseal, Spiritus', and Rondo as having the ability to grow globally, and specifically in the Middle East," said Al-Meshari.


 

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