Saudi Aramco, the world's largest oil and gas company, has reaffirmed its commitment to supporting China's clean energy rollout and its goal of achieving carbon neutrality by 2060. Aramco has been a key supplier of crude oil to China since 1991, with China importing 86 million tonnes of crude oil from Saudi Arabia last year. In addition to its oil and gas production capacity, Aramco is actively developing clean energy technologies such as blue hydrogen, electro-fuels, and carbon capture and storage to reduce greenhouse gas emissions [bece0869].
Aramco recognizes the importance of leveraging its existing ties as a conventional oil supplier to China in order to collaborate on the development of clean energy technologies. The company has also made significant investments in oil refining and petrochemical plants in China, as well as forming partnerships for non-metallic materials and renewable energy projects. By combining its expertise in the oil and gas sector with the development of clean energy technologies, Aramco aims to contribute to China's transition towards a more sustainable and low-carbon future [bece0869].
This announcement comes as part of Aramco's broader efforts to diversify its operations and reduce its reliance on traditional oil and gas activities. The company recognizes the global shift towards cleaner and more sustainable energy sources and is actively investing in research and development to stay at the forefront of the energy transition. Aramco's commitment to supporting China's clean energy goals reflects its dedication to being a responsible and forward-thinking energy company [bece0869].