Aramco, TotalEnergies, and Saudi Investment Recycling Company (SIRC) signed a joint development and cost sharing agreement on December 3, 2024, to assess the potential development of a sustainable aviation fuels (SAF) plant in Saudi Arabia.
The assessment will focus on engineering and technology solutions to recycle and process local waste or residues from the economy to be used as feedstock for SAF - such as cooking oils and animal fats.
“With demand for air travel forecast to grow, it's becoming imperative to address aviation emissions through lower-carbon alternatives,” Aramco president & CEO Amin Nasser. “This is where major global energy companies like Aramco and TotalEnergies can play a part, by collaborating to help meet this end.”
TotalEnergies chairman and CEO Patrick Pouyanne commented: “By leveraging our 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.”
SIRC CEO Ziad Al-Sheha added: “In keeping with our commitment to supporting the ambitious sustainability objectives of Vision 2030 and the , we have a keen focus on increasing waste conversion rates into renewable resources.”