The Saudi Arabian Oil Co. (Saudi Aramco), Dhahran, announced on June 15 that it plans to produce up to 11 million mt/y of blue ammonia by 2030, with the potential to support significant emissions reductions in hard-to-decarbonize sectors such as heavy-duty transport, heating, and industrial applications.
The news was part of company’s first sustainability report, which outlines ways in which the company plans to further tackle emissions while delivering reliable, affordable energy solutions.
“Our ambition is to achieve operational net-zero by 2050 and our sustainability report highlights how we aim to continue meeting the world’s rising demand for secure, reliable, and affordable energy, while also contributing to the broader energy transition, said Saudi Aramco President and CEO Amin H. Nasser. “We are investing for the long-term, against a backdrop of global energy and economic uncertainty, and we will continue to integrate breakthrough technologies in our operations over the next decade and beyond.”
Other highlights from the report include: aims to reduce upstream carbon intensity by at least 15% by 2035, against 2018 baseline; greenhouse gas emission initiatives aiming to reduce or mitigate more than 50 million mt of CO2 equivalent annually by 2035; aims to capture, utilize, or store 11 million mt of CO2 equivalent annually by 2035; and renewables investment aims to generate 12GW of solar and wind power annually by 2035.