Policy & Regulation

Saudi Aramco looks to create CO2 economy – CTO

Aramco is looking at ways to monetise CO2 and may build infrastructure in advance of a market developing, the company’s chief technology officer says Aramco is looking at ways to monetise CO2 and may build infrastructure in advance of a market developing, the company’s chief technology officer says.
By Verity Ratcliffe 29 November 2017 0 28598
A gas processing plant in Saudi Arabia. (Aramco)

Saudi Aramco is looking for ways to monetise carbon dioxide produced by the oil and gas industry, the company’s chief technology officer, Ahmad al-Khowaiter, said on Tuesday.

“I think [CO2 monetisation] is taking a much higher level than [before] in our leadership,” Khowaiter told delegates at The Economist’s Energy Summit in London. “What I’m wondering is how to monetise [CO2 emissions]. How do we create value? One of the areas I think is very exciting is taking CO2 and creating valuable products.”

Khowaiter said the petrochemicals industry...