Saudi oil company Aramco, French oil major TotalEnergies, and Saudi Investment Recycling Company (SIRC) have entered into a Joint Development and Cost Sharing Agreement to evaluate the potential for a sustainable aviation fuels (SAF) plant in Saudi Arabia.
This collaboration aims to utilise local waste and residues to produce SAF.
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The agreement was announced during French President Emmanuel Macron’s state visit to Saudi Arabia’s capital Riyadh.
The proposed SAF production plant will be located in Saudi’s largely-desert eastern province Ash Sharqiyah.
SIRC’s CEO Ziad Al-Sheha said: “The new partnership with Aramco and TotalEnergies to assess the feasibility of a renewable aviation fuels plant signifies a major leap forward in our mission. We also believe it will enrich and energise our efforts to lead the development of the Kingdom’s circular economy.”
This initiative is part of a broader effort by Saudi to diversify its energy sources and reduce its carbon footprint.
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By GlobalDataThe development of a SAF plant represents a significant step towards achieving these objectives while also contributing to the global transition towards more sustainable energy practices.
Aramco CEO Amin Nasser said: “With demand for air travel forecast to grow, it’s becoming imperative to address aviation emissions through lower-carbon alternatives. This is where major global energy companies like Aramco and TotalEnergies can play a part, by collaborating to help meet this need.
“Addressing transport emissions requires a wide range of approaches and Aramco is pursuing a number of potential innovative solutions, as we seek opportunities to contribute to global emissions reduction efforts.
“We already have a well-established partnership with TotalEnergies and this new collaboration demonstrates our intent to explore ways to leverage our combined strengths, in this case with a view to establishing a SAF plant in the Kingdom with SIRC.”
The collaboration between Aramco, TotalEnergies, and SIRC highlighted the increasing importance of cross-sector partnerships in addressing environmental challenges.
TotalEnergies CEO Patrick Pouyanné said: “We are delighted to partner with Aramco and SIRC to study the production of SAF in the Kingdom [of Saudi Arabia]. By leveraging our expertise, we can take a further step towards the decarbonisation of air transport together. SAF is at the heart of our company’s transition strategy, as we strive to meet the aviation industry’s demand to reduce its carbon footprint.”
