Saudi Energy Ministry, KACST sign MoU to coordinate in carbon fields

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Updated 24 September 2020
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Saudi Energy Ministry, KACST sign MoU to coordinate in carbon fields

  • It aims to maximize local content in this field, provide a research environment to address carbon emissions

RIYADH: The Ministry of Energy and the King Abdul Aziz City for Science and Technology (KACST) inked on Wednesday a memorandum of understanding (MoU) to establish the Joint Center for Research on Carbon Capture, Storage and Use Technologies, with the aim of providing scientific support for the Kingdom’s carbon emissions commitments.

The MoU was signed by Prince Abdul Aziz bin Salman, minister of energy, and the head of KACST, Dr. Anas bin Fares Al-Faris. It aims to maximize local content in this field, provide a research environment to address carbon emissions and turn them into products of economic value, develop national research and development capabilities in cooperation with advanced global centers through technology transfer and marketing, and promote global leadership in the field of carbon capture, storage and use technologies.

Under the MoU, the two parties will work to develop a general framework to encourage research and development in the field of carbon capture, storage and use research techniques, unite efforts among research entities, cooperate with global centers, and focus on the Kingdom’s priorities, thus contributing to the diversification of its economic resources.

The memorandum includes promoting the exchange of statistical information and data for the implementation of research and joint ventures, and the exchange of scientific and research expertise and technical advice between the parties. It also includes research and development in carbon capture techniques at fixed sources of emissions such as power plants and cement plants, and seeks to reduce carbon dioxide (CO2) and nitrogen oxide emissions using oxygen combustion technology, and the development of carbon dioxide-to-solar photovoltaic conversion systems.

Other objectives of the MoU include the development of CO2 injection techniques with polymeric materials and fly ash in reservoirs, and the development of chemical catalysts for converting captured CO2 into high-performance polycarbonate.


Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

Updated 7 sec ago
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Saudi Arabia launches initiative to reroute Gulf cargo to Red Sea ports

  • The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region
  • Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway

 

RIYADH: Saudi Arabia has launched an initiative to redirect shipping from ports in the Arabian Gulf to its Red Sea ports amid the ongoing US-Israel-Iran war.

Transport Minister Saleh Al-Jasser, who also chairs the Saudi Ports Authority (Mawani), launched the Logistics Corridors Initiative alongside Zakat, Tax and Customs Authority Governor Suhail Abanmi, Mawani President Suliman Al-Mazroua, and other officials, the Saudi Press Agency reported.

The initiative will establish dedicated operational corridors to receive containers and cargo redirected from ports in the Kingdom's Eastern Region and other Gulf Cooperation Council states to Jeddah Islamic Port and other Red Sea coast ports.

Al-Jasser said the Kingdom was committed to ensuring supply-chain stability and the smooth flow of goods through global trade routes. Jeddah Islamic Port and other west coast ports, he added, were already playing a key role in accommodating shipments redirected from the east, while also linking Gulf cargo to regional and international markets.

The initiative comes as shipping through the Strait of Hormuz has been severely disrupted by the widening conflict in the region. Iran has long threatened to close the strait — the world's most critical oil and gas chokepoint, through which roughly a fifth of global oil supplies pass — in the event of a war.

Since the US and Israel struck Iran last month, Tehran has moved to restrict passage through the waterway, sending freight rates soaring and forcing shipping companies to seek alternative routes.

Saudi Arabia's Red Sea ports offer a viable bypass, connecting Gulf cargo to global markets without passing through the strait.