Q&A: Aramco Earmarks Billions for Transition Technologies

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Saudi Aramco’s decision to raise capex after bumper 2022 earnings puts it in a position to devote more funds to the technologies that can deliver its transition goals. In an exclusive interview with Energy Intelligence in Dhahran, Aramco’s Chief Technology Officer Ahmad al-Khowaiter discussed the state-run giant’s strategy as it prepares to spend billions of dollars on commercializing hydrogen, chemical and carbon capture technologies, and scale them up to meet its 2050 net-zero target. An edited transcript follows.

Emerging Technologies, Corporate Strategy , Hydrogen, Capital Spending, Carbon Capture (CCS), Chemicals
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