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Pickup Point for Saudi Crude

KAPSARC and Climeworks partner to advance DAC in Saudi Arabia

Gas
December 4, 2024

King Abdullah Petroleum Studies and Research Centre (KAPSARC) and Climeworks have joined forces to advance direct air capture (DAC) technologies in Saudi Arabia.

The partners today (4^th Dec) announced the signing of a Memorandum of Understanding (MoU) for the effort that will explore the deployment of new DAC systems that utilise subsurface carbon dioxide (CO2) storage.

Christoph Gebald, Co-founder and co-CEO of Climeworks, described Saudi Arabia as an ideal location for DAC technology due to its low-carbon resources, underground CO2 storage potential, and supportive policies.

Saudi Arabia has several policies in place that look at emissions reduction. One example is the Saudi Green Initiative (SGI), which was launched in 2021 and hopes to reduce CO2 emissions by 278 million tonnes annually by 2030.

Gas
August 19, 2026

Risks and opportunities in the CO2 market

By 35 min ago 4 min read Carbon dioxide (CO2) supply is facing a period of growing uncertainty as traditional production sources become harder to replace, while new sources and…

Gas
August 19, 2026

Dover targets Indian cryogenics growth with Leistung acquisition

By 52 min ago 1 min read Illinois-based industrial products manufacturer Dover is looking to expand its footprint in the Indian cryogenics market, having signed an agreement to acquire Leistung…