Saudi climate action through carbon capture and storage initiatives

Saudi climate action through carbon capture and storage initiatives

Plumes of smoke rise from Europe's largest lignite power plant in Belchatow, central Poland. (AP)
Plumes of smoke rise from Europe's largest lignite power plant in Belchatow, central Poland. (AP)
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The Global Carbon Capture and Storage Institute, the world’s leading authority on CCS, reports that the level of policy support from governments reached historic highs in 2023. This has strengthened the business case for CCS and resulted in the project pipeline growing more rapidly in the past year than at any other time.

Furthermore, CCS in the Middle East and Africa region already accounts for around 8 percent of global capture capacity and is on the cusp of a remarkable uptrend, with commitments by the UAE and Saudi Arabia in announcing net-zero targets for 2050 and 2060 respectively.

Saudi Arabia, a global energy powerhouse, has embarked on an ambitious journey to combat climate change and transition toward a more sustainable future. As part of its commitment to the circular carbon economy, or CCE, the Kingdom is actively pursuing carbon capture and storage initiatives.

The Joint Development Agreement with Saudi Aramco is one of the largest initiatives on this front. This agreement aims to establish one of the biggest CCS hubs globally. The hub will be located in Jubail Industrial City and is set to start operating by 2027.

In its first phase, it will have the capacity to extract and store 9 million tonnes per year of carbon dioxide. The long-term goal is to extract, utilize, and store a staggering 44 million tonnes per year of carbon dioxide by 2035. In equal measures, the Al-Khobar CCS Project will capture carbon dioxide emissions from industrial sources.

The captured carbon dioxide will be transported and stored in geological formations deep underground. This project represents a significant step toward achieving the Kingdom’s climate goals.

Saudi Arabia’s carbon capture and storage initiatives demonstrate its determination to address climate change head-on.

Khulood Rambo

Furthermore, Saudi Arabia is constructing the world’s largest green hydrogen plant. The plant is set to produce up to 600 tonnes of green hydrogen per day by 2026, which will play a crucial role in decarbonizing the energy sector.

In addition to ongoing efforts in the renewable energy transition, showing the Kingdom’s heavy investments, 13 new projects are underway, with a total capacity of 11.4 gigawatts. By 2030, Saudi Arabia aims to generate 50 percent of its power capacity from renewables. These projects are expected to reduce approximately 20 million tonnes of carbon dioxide per year.

The Saudi Green Initiative aims to combat climate change, improve quality of life, and protect the environment for future generations. This initiative focuses on three key targets: Emissions reduction, afforestation, and land and sea protection.

Emissions reduction includes measures to reduce carbon dioxide emissions; afforestation targets involve planting 10 billion trees in Saudi Arabia and 50 billion across the Middle East; and land and sea protection aims to safeguard natural ecosystems.

Saudi Arabia is committed to placing 30 percent of its land and sea under protection by 2030. Biodiversity conservation and ecosystem restoration are an integral part of this effort.

Moreover, Saudi Arabia announced the launch of the GHG Crediting and Offsetting Scheme in early 2024, which aims to support and incentivize emission reduction and removal projects across all sectors in the Kingdom.

In summary, Saudi Arabia’s carbon capture and storage initiatives demonstrate its determination to address climate change head-on. By leveraging technology, international partnerships, and a commitment to sustainability, the Kingdom is positioning itself as a global leader in the reduction of greenhouse gas emissions.

Khulood Rambo is a former research affiliate and visiting scholar at MIT, a private sector consultant, and a government program manager specializing in water, energy, food nexus, climate change, and sustainability.

 

Disclaimer: Views expressed by writers in this section are their own and do not necessarily reflect Arab News' point of view

Habib Bank, S&P Global launch Pakistan’s first index to track manufacturing sector

Habib Bank, S&P Global launch Pakistan’s first index to track manufacturing sector
Updated 3 min 52 sec ago
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Habib Bank, S&P Global launch Pakistan’s first index to track manufacturing sector

Habib Bank, S&P Global launch Pakistan’s first index to track manufacturing sector
  • The index will be a standardized economic indicator based on a survey of a diverse panel of industries
  • It will help track economic developments in Pakistan, support decision making by financial institutions

ISLAMABAD: Pakistan’s largest bank, Habib Bank Limited (HBL), and global financial information and analytics firm S&P Global have launched a new index to track the country’s manufacturing sector, the companies said on Friday.
Rising taxes and power tariffs have led to social unrest and hammered industries in Pakistan’s $350 billion economy, as it navigates a tricky path to recovery under a $7 billion International Monetary Fund (IMF) program approved in September.
The HBL S&P Global Purchasing Managers’ Index will be a standardized economic indicator based on a survey of a diverse panel of industries.
It will be Pakistan’s first comprehensive manufacturing index and a welcome source of information for investors in a country where economic data is scarce.
The industries will be asked about their perceptions of current business conditions and future expectations and the index will be released on the first working day of each month, the companies said in a statement.
“The launch of Pakistan’s first ever PMI is a significant event contributing to the accessibility of timely and high-frequency data to track economic developments in Pakistan and support decision making by financial institutions, investors and businesses,” said Luke Thompson, Managing Director of S&P Global Market Intelligence, in a statement.
Muhammad Nassir Salim, President & CEO of HBL said the series will enhance investor confidence and transparency in Pakistan’s economy.


Saudi Arabia welcomes holding US, Russia summit in Kingdom

Saudi Arabia welcomes holding US, Russia summit in Kingdom
Updated 4 min 31 sec ago
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Saudi Arabia welcomes holding US, Russia summit in Kingdom

Saudi Arabia welcomes holding US, Russia summit in Kingdom

RIYADH: Saudi Arabia on Friday commended the phone call that took place between US President Donald Trump and Russian President Vladimir Putin on Wednesday and the announcement of holding a summit bringing together their excellencies in the Kingdom.

More to follow...


LEAP 2025 concludes with multi-billion dollar investments and global expansion

LEAP 2025 concludes with multi-billion dollar investments and global expansion
Updated 12 min 58 sec ago
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LEAP 2025 concludes with multi-billion dollar investments and global expansion

LEAP 2025 concludes with multi-billion dollar investments and global expansion

The fourth edition of LEAP 2025, held in Riyadh, has reinforced Saudi Arabia’s position as a global hub for artificial intelligence, cloud computing, and digital infrastructure investments, securing total investments exceeding $14.9 billion.

It was the region’s premier technology event, which concluded at the Riyadh Exhibition and Convention Center in Malham under the theme “Into New Horizons.”

The milestone highlighted the Kingdom’s growing influence in the digital economy and innovation landscape.

The success of LEAP 2025 is a testament to the unwavering support of Saudi Crown Prince Mohammed bin Salman bin Abdulaziz, whose vision continues to drive Saudi Arabia’s digital transformation.

This aligns with Vision 2030’s objectives, solidifying the Kingdom’s leadership in technology, AI, and entrepreneurship.

As a global platform, LEAP brings together top thinkers, industry leaders, and investors to drive innovation and accelerate the shift toward a prosperous and sustainable digital economy.

Organized by the Ministry of Communications and Information Technology, in collaboration with the Saudi Federation for Cybersecurity, Programming, and Drones and Tahaluf Company, LEAP 2025 featured over 200,000 attendees; participation from 1,800 international and local entities; more than 1,000 global speakers; a showcase of 680 startups; and major deals with asset managers overseeing $22 trillion in portfolios

These figures underscore Saudi Arabia’s role as a global innovation hub, attracting top-tier companies and talent in the tech sector.

LEAP 2025 witnessed the announcement of landmark investments that will accelerate digital growth in the Kingdom, including a $1.5 billion partnership between Groq and Aramco Digital to boost AI-powered cloud computing investments; a $2 billion investment between Saudi-based Alat and China’s Lenovo to establish an advanced AI and robotics-driven manufacturing and technology hub; and the launch of several digital infrastructure and innovation projects, reinforcing Saudi Arabia’s position as a top destination for global tech investments.

Eng. Abdullah Alswaha, minister of communications and information technology, emphasized that LEAP 2025 reflects the Kingdom’s leadership in global technology innovation.

He said that the international investments and success achieved by Saudi Arabia’s technology sector "are a direct result of the support and empowerment" of the crown prince.

"This momentum drives Saudi Arabia toward its Vision 2030 goals, strengthening its position as a leader in AI, digital transformation, and entrepreneurship,” he added.

Faisal Al-Khamissi, chairman of the Saudi Federation for Cybersecurity, Programming, and Drones and Chairman of Tahaluf, said: “None of these achievements would have been possible without the support and vision of the crown prince, who has transformed Saudi Arabia into a global hub for advanced technology, innovation, and a sustainable digital economy.

“LEAP 2025 was not just a tech event — it was the largest and most impactful edition to date. It connected startups with investors, drove innovation, and unlocked new opportunities for entrepreneurs.”

Al-Khamissi added: "LEAP will expand globally, with two editions planned for 2026 — one in Riyadh and another in Hong Kong. This marks a significant step in Saudi Arabia’s leadership in the global digital economy and AI-driven innovation."

LEAP 2025 has already accelerated the growth of several startups, with notable success stories including Ejari, which started with a small booth at LEAP and secured a $1 million seed round, followed by another $15 million investment. It has since expanded its team to over 30 employees and attracted $50 million in business opportunities.

Data Lexing, a Saudi startup that debuted at LEAP 2022, has since expanded to 10 international markets with over 2,000 clients, 65% of whom are outside Saudi Arabia.

Quant secured $2 million in investment in a single day at LEAP.

With its record-breaking deals, global partnerships, and visionary expansion plans, LEAP continues to shape the future of AI, innovation, and technology investment worldwide.


Riyadh Metro records more than 18 million passengers in just over two months

Riyadh Metro records more than 18 million passengers in just over two months
Updated 16 min 56 sec ago
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Riyadh Metro records more than 18 million passengers in just over two months

Riyadh Metro records more than 18 million passengers in just over two months

RIYADH: More than 18 million passengers have used the Riyadh Metro since its launch on Dec. 1, 2024, the Saudi Press Agency reported on Friday.

The metro has now completed more than 162,000 trips across its six-line network, covering about 4.5 million km.

The Royal Commission for Riyadh City revealed that the Blue Line running north-south parallel to Olaya street has been the most popular, serving nearly 10 million passengers in only two months.

This line runs through some of Riyadh’s most commercially active and densely populated areas, making it popular with commuters.

The King Abdullah Financial District station recorded the highest number of users, exceeding three million passengers.

The Riyadh Metro was designed to address the capital’s rapid expansion and increasing traffic congestion.

The system spans 176 km and is equipped with driverless trains, air-conditioned cabins, designated seating for different passenger groups and state-of-the-art automation.

The metro is integrated with the Riyadh Bus network, forming a comprehensive public transport system that can be accessed with wireless card payments or tickets that can be purchased at stations or through the Darb application.

The Riyadh Metro is a key component of the broader King Abdulaziz Project for Riyadh Public Transport and plays a crucial role in Saudi Arabia’s Vision 2030.

The system is designed to have a maximum capacity of 3.6 million passengers a day.

As well as the north-south Blue Line, the system has an Orange Line that stretches for 41 km, connecting Jeddah Road in the west to the Second Eastern Ring Road in the east, running parallel to Khashm Al-Aan in the east.

The Red Line runs 25.1 km east to west along King Abdullah Road, connecting King Fahd Sports City, King Saud University and the Riyadh International Convention & Exhibition Center.

The 13.3 km Green Line runs from King Abdullah Road near the Ministry of Education to the National Museum, serving the Ministry of Defense, Ministry of Finance, and Ministry of Commerce.

The Violet Line runs between Abdurrahman bin Awf Road and Sheikh Hassan bin Hussain bin Ali Road, at a length of 29.7 km, and the Yellow Line connects the KAFD Station with King Khalid International Airport Road.

The project aims to reduce congestion, lower carbon emissions and promote environment-friendly transportation.

With 85 stations spread strategically across the city, the metro contributes significantly to Riyadh’s urban landscape.

Some stations stand out as architectural landmarks, including the King Abdullah Financial District Metro Station, designed by Zaha Hadid Architects, and STC Station, designed by Germany’s Gerber Architekten.

The rapid success of the Riyadh Metro, as reported by SPA, highlights a fundamental shift in how residents and visitors move around the city.


Saudi fashion label KML joins LVMH Prize shortlist

Saudi fashion label KML joins LVMH Prize shortlist
Updated 20 min 11 sec ago
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Saudi fashion label KML joins LVMH Prize shortlist

Saudi fashion label KML joins LVMH Prize shortlist

DUBAI: Launched in 2013, The LVMH Prize has unveiled its semi-finalists for 2025, with creatives from Saudi Arabia, Lebanon and Egypt making the cut.

Saudi menswear brand KML, by co-founders Ahmed and Razan Hassan, was named in the shortlist. The brand is known for its sharp tailoring and minimalist designs and was recently flaunted by US celebrity stylist Law Roach when he attended the “1001 Seasons of Elie Saab” showcase in Riyadh.

Renaissance Renaissance, led by Beirut-based Cynthia Merhej,  is a returning contender from 2021 while Egyptian designer Yasmin Mansour’s eponymous brand earned her a spot on the semi-finalist list, as well as a 2024 Fashion Trust Arabia Prize.

The full list of semi-finalists includes Alainpaul by Alain Paul (France), All-in by Benjamin Barron (US), Bror August Vestbø (Norway), Boyedoe by David Boye-Doe Kusi (Ghana), Francesco Murano (Italy), Josh Tafoya (US), Meruert Tolegen by Meruert Planul-Tolegen (US), MFPEN by Sigurd Bank (Denmark), Nicklas Skovgaard (Denmark), Penultimate by Xiang Gao (China), Pillings by Ryota Murakami (Japan), Sinéad O’Dwyer (Ireland), Steve O Smith (United Kingdom), Tolu Coker (UK), Torisheju by Torishéju Dumi (UK), Young N Sang by Sang Lim Lee and Youngshin Hong (South Korea), and Zomer by Danial Aitouganov (The Netherlands) and Soshiotsuki by Soshi Otsuki (Japan).

The designers will present their latest collections on March 5 and 6 during Paris Fashion Week.

The LVMH Prize is open to international designers, aged 18 to 40, who have created at least two collections.

The winner of the LVMH Prize for Young Fashion Designers receives a $314,000 endowment and  a mentorship by LVMH. Meanwhile, the winner of the Karl Lagerfeld Prize receives a $157,000 prize and a one-year LVMH mentorship.

The jury includes designer Phoebe Philo and Louis Vuitton menswear creative director Pharrell Williams, Loewe designer Jonathan Anderson, Dior creative director Maria Grazia Chiuri, Louis Vuitton womenswear creative director Nicolas Ghesquière, designer Marc Jacobs and Dior CEO Delphine Arnault, among others.