Aramco and Riyadh Air Forge Partnership for Sustainable Aviation Future
Key Ideas
- Aramco and Riyadh Air signed an MoU during the FII 8th Edition conference in Riyadh, focusing on low-carbon fuel supply and sustainability collaborations.
- The partnership aims to leverage Aramco's expertise in lower-carbon fuels and Riyadh Air's ambition to become a leading global airline committed to sustainability.
- Aramco also announced partnerships with Taulia and Gas & Oil Pakistan to establish supply chain financing solutions and expand downstream operations.
- At FII8, Aramco's executive emphasized the company's initiatives in exploring lower-carbon solutions like hydrogen and carbon capture to support net-zero goals.
Aramco and Riyadh Air have entered into a partnership during the FII 8th Edition conference in Riyadh, focusing on sustainable aviation practices. The memorandum of understanding sets the stage for potential collaborations in areas such as low-carbon fuel supply and sustainability. Aramco's executive vice president highlighted the company's efforts towards exploring lower-carbon solutions, including hydrogen and carbon capture, to support its net-zero ambitions.
The partnership aligns with Riyadh Air's ambition to become a leading global airline committed to sustainability and low-carbon fuels. By leveraging Aramco's expertise, Riyadh Air aims to improve its operational capabilities and provide outstanding guest experiences. This collaboration is seen as a significant step towards advancing Saudi Arabia's environmental and economic objectives.
During the conference, Aramco also announced partnerships with key entities like Taulia and Gas & Oil Pakistan to establish supply chain financing solutions and expand its downstream operations. The agreements aim to provide alternative and affordable financing sources for Aramco's suppliers, unlocking liquidity and strengthening business relationships.
Aramco's commitment to sustainability was further showcased through its efforts in exploring blue hydrogen production and carbon capture technologies. The company aims to produce around two million tons per annum of blue hydrogen and launch a nine million tons per annum carbon capture and storage facility in Saudi Arabia. These initiatives not only support Aramco's net-zero ambitions but also unlock the potential of blue hydrogen for various markets, including Asia.
Topics
Blue Hydrogen
Aviation
Sustainability
Finance
Partnership
Collaboration
Environmental Targets
Net-zero Ambitions
Downstream Expansion
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