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This collaboration will draw on the expertise of the three partners to develop a SAF production unit
Saudi oil giant Aramco has announced the signing of a Joint Development and Cost Sharing Agreement (JDCSA) with TotalEnergies and Saudi Investment Recycling Company (SIRC) to assess the development of a sustainable aviation fuels (SAF) production unit in the Kingdom. The collaboration will draw on the expertise of the three partners to develop a SAF production unit, able to convert local residues from the circular economy, such as used cooking oil and animal fats, into suitable fuels for the aviation sector.
The deal was signed in the presence of French President Emmanuel Macron, while on an official visit to the Kingdom of Saudi Arabia, and Saudi Minister of Energy, Prince Abdulaziz bin Salman Al Saud.
On the strategic collaboration, Aramco President & CEO, Amin H. Nasser said, “With demand for air travel forecast to grow, it’s becoming imperative to address aviation emissions through lower-carbon alternatives such as sustainable aviation fuels.”
“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 make an impact. 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 sustainable aviation fuels plant in the Kingdom with SIRC. As Saudi Arabia’s tourism and aviation sectors expand, this could potentially benefit both domestic and international airlines.”
Patrick Pouyanné, Chairman and CEO of TotalEnergies added, “We are delighted to be partnering with Aramco and SIRC to study the production of sustainable aviation fuels in the kingdom. By leveraging our collective 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. Saudi Arabia is emblematic of our multi-energy strategy aimed at supporting the energy transition of oil and gas producing countries. This SAF production project contributes to the country’s Green Initiative and Vision 2030’s objectives,” he concluded. |
