Our low-carbon intensity technologies for oil extraction and our development of nonfuel applications for crude oil have reduced emissions across our value chains. The increasing scale and scope of these cleaner energy capabilities has opened up new commercial opportunities for Aramco and our partners.
We are leveraging our global research and development network to accelerate development of a diverse low-carbon portfolio that helps us actively reduce our greenhouse gas footprint.
This includes the conversion of crude oil to chemicals, the manufacture and deployment of nonmetallic pipelines made from crude and other nonmetallic construction materials, and the capture and transformation of CO2 into high value products.Sustainability factors have become increasingly critical for Aramco, as it aims to balance profitability, environmental protection, and the growth and prosperity of the communities in which it operates.
We recognize the scale and urgency of the climate challenge. We are leveraging our unique platform to play our part in the energy transition, underpinned by our ambition to achieve net-zero Scope 1 and Scope 2 greenhouse gas emissions across our wholly-owned operated assets by 2050. This complements the Kingdom of Saudi Arabia’s aim to reach net-zero emissions by 2060.
We have a global network of research and technology centers. Their job is to deliver innovative breakthroughs toward our recovery, discovery, diversification and sustainability objectives. This game changing work has the potential to reduce emissions from both the production and use of hydrocarbon energy sources.
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