Saudi scientists testing cryogenic technology to freeze carbon emissions

The cryogenic research is taking place at King Abdullah University of Science and Technology. (Supplied)
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Updated 01 July 2021
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Saudi scientists testing cryogenic technology to freeze carbon emissions

  • Technology may be half the cost of existing carbon capture techniques
  • Project will capture carbon from power station near Neom

RIYADH: A team of scientists at Jeddah-based King Abdullah University of Science and Technology is testing a technique for freezing greenhouse-gas emissions from power plants that is about half the cost of existing carbon capture techniques, Bloomberg reported.

The cryogenic technology was developed by Sustainable Energy Solutions, a private company based in Salt Lake City, Utah, and may cost between $35 and $40 a ton on a large scale, said William Roberts, a professor at the university.

Within two years, the team hope to capture up to 25 tons a day from a power plant near the new city of Neom, Roberts said. The project will cost around $25 million.

“We think the energy costs are low, the footprint is small and the capex is reasonably small,” he said. “Efficiency gets better as the scale goes up.”

Saudi Arabia is exploring a number of carbon capture, storage and reuse technologies. Aramco is capturing 40 million standard cubic feet of CO2 a day at its Hawiyah Gas Plant, which it then pipes 85 km to the Uthmaniyah oil field to be injected into the reservoir for storage and enhanced oil recovery.

Aramco is also working on technology that captures carbon emissions from car exhausts and stores it until it can be offloaded at fuel stations.


Closing Bell: Saudi main index closes in red at 10,906

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Closing Bell: Saudi main index closes in red at 10,906

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Tuesday, losing 77.62 points, or 0.71 percent, to close at 10,906.44.

The total trading turnover of the benchmark index was SR3.95 billion ($1.05 billion), as 36 of the listed stocks advanced, while 226 retreated.

The MSCI Tadawul Index decreased, down 8.78 points or 0.59 percent, to close at 1,480.07.

The Kingdom’s parallel market Nomu lost 223.18 points, or 0.96 percent, to close at 23,095.58. This comes as 19 of the listed stocks advanced, while 46 retreated.

The best-performing stock was National Medical Care Co., with its share price up by 3.88 percent to SR128.40.

Other top performers included SHL Finance Co., which saw its share price rise by 3.09 percent to SR16.70, and Saudi Steel Pipe Co., which saw a 2.72 percent increase to SR38.56.

On the downside, the worst performer of the day was Saudi Enaya Cooperative Insurance Co., whose share price fell by 9.98 percent to SR7.22.

Saudi Fisheries Co. and Arabian Contracting Services Co. also saw declines, with their shares dropping by 9.33 percent and 6.88 percent to SR48.60 and SR107, respectively.

On the announcement front, Alkhorayef Water and Power Technologies Co. has announced it has been awarded a significant contract by the Jeddah Amana Municipality to carry out the operation and cleaning of stormwater and surface water networks.

The contract, valued at SR108.46 million, pertains to work in the sub-municipalities of South and Al-Malisa under project number 19979.

The scope of work will be carried out over a duration of 60 calendar months. According to a bourse filing, the financial impact of this award is expected to be recognized starting in the third quarter of 2026, with further updates to be provided following the finalization of the signed agreement.

The AWPT’s share price reached SR116, marking a 1.94 percent decrease on the main market.