Aramco and Spiritus to Advance Direct Air Capture Technology, Investment by Aramco Ventures
“Aramco has stated its ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050, and sees opportunities to build potential lower-carbon new energy business,” said Ali Al-Meshari, Sr. Vice President of Technology, Oversight & Coordination, Aramco.
- “Aramco has stated its ambition to achieve net zero Scope 1 and Scope 2 greenhouse gas emissions across its wholly-owned operated assets by 2050, and sees opportunities to build potential lower-carbon new energy business,” said Ali Al-Meshari, Sr. Vice President of Technology, Oversight & Coordination, Aramco.
- “Innovative technologies deployed at scale can help reduce the costs of reducing carbon emissions, and we are investing in developing these through our R&D, venture capital, and technology deployment programs.
- The signing ceremony, held in Riyadh, Saudi Arabia, highlighted the innovation collaboration between the two countries to work towards their respective net-zero goals and ambitions.
- Spiritus' novel approach to direct air capture addresses the major cost challenges of current direct air capture approaches and includes reducing energy needs, passive air collection, and a proprietary sorbent material to remove carbon from the atmosphere at a tenfold increase in adsorption efficiency compared to existing methods.