Published by Todd Bush on December 4, 2024
This partnership, rooted in the Kingdom’s Vision 2030 and Circular Carbon Economy framework, seeks to develop innovative carbon removal solutions that leverage Saudi Arabia’s unique resources, strengthen its climate leadership, and advance its decarbonization efforts.
Riyadh, December 4 - King Abdullah Petroleum Studies and Research Center (KAPSARC) and Climeworks, a global leader in carbon dioxide removal technology, have signed a Memorandum of Understanding (MoU) to jointly explore and advance Direct Air Capture (DAC) technologies within Saudi Arabia.
This strategic partnership, conducted under the guidance of His Royal Highness Prince Abdulaziz bin Salman Alsaud, Minister of Energy and Chairman of the Board of Trustees at KAPSARC, was signed during the 4th edition of the Saudi Green Initiative (SGI) Forum on December 3, held under the patronage of His Royal Highness Mohammed bin Salman, Crown Prince and Prime Minister.
>> In Other News: Heirloom Raises $150 Million Series B to Rapidly Scale Commercial Direct Air Capture
The MoU outlines a roadmap to assess the deployment of new DAC systems in the Kingdom, focusing on availability of natural resources including subsurface CO₂ storage. Additionally, the initiative examines DAC’s economic and environmental impacts while fostering local workforce development, supporting the Kingdom’s broader sustainability goals and aligning with the Circular Carbon Economy (CCE) framework.
KAPSARC’s Vice President of Knowledge & Analysis, Axel Pierru, emphasized the importance of this initiative, stating, “This collaboration marks a significant step in exploring innovative carbon removal solutions tailored to Saudi Arabia’s unique context and large geological CO₂ storage capacity. Our research shows the key role that the development of DAC in the Kingdom will potentially play in achieving a net-zero energy system, both domestically and globally.”
Christoph Gebald, co-founder and co-CEO of Climeworks, said, “Saudi Arabia is an ideal location for Direct Air Capture technology, thanks to its abundant low-carbon energy resources, underground CO₂ storage potential, and forward-thinking policies that support innovative climate solutions.”
This collaboration is poised to deliver actionable insights for implementing scalable carbon removal solutions in Saudi Arabia. The findings will inform the next steps toward realizing a full-scale DAC facility, advancing the Kingdom’s sustainability goals under Vision 2030 and contributing to global decarbonization efforts.
The King Abdullah Petroleum Studies and Research Center (KAPSARC) is an advisory think tank dedicated to advancing knowledge on energy, environment, and regional economic issues. As an accredited observer of the United Nations Framework Convention on Climate Change (UNFCCC) and the United Nations Environmental Programme (UNEP), KAPSARC actively contributes to the global climate and environmental dialogue. The mission of KAPSARC is to advance Saudi Arabia's energy sector and inform global policies through evidence-based advice and applied research.
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.
Inside This Issue 🌎 Chevron Doubles Down on Carbon Capture with Massive Bayou Bend Hub 🌱 Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality 🏭 MATHESON to Build Ne...
Inside This Issue 🌎 History Made: Deep Sky Alpha Begins Operations with North America's First CO2 Storage via Direct Air Capture 🏅 Neste Achieved Platinum Medal in EcoVadis Sustainability Assessme...
Inside This Issue 🌱 Why Gevo's Live BECCS Project Changes Everything 🛢️ Alternative Carbon Carrier Technology Could Improve Both Oil Production and Carbon Storage 🌊 Hyundai Engineering & Const...
MATHESON to Build New Air Separation Plant in Las Vegas, Nevada, USA
BOULDER, Colo.--(BUSINESS WIRE)--Today, ION Clean Energy (ION), a leading provider of innovative post-combustion carbon capture solutions, announced a new offering called ICE Blocks™. These standar...
Manitoba Startup Pitches $5 Million Biochar Processing Plant to Ritchot Municipality
A pioneering waste management solution could soon transform how one Manitoba community handles organic waste. This week, Carbon Lock Tech, an innovative local startup, presented an ambitious propos...
What US Clean Energy Tax Credit Types Are Available in 2025?
In 2022, the Inflation Reduction Act (IRA) paved the way to grow clean energy investments in the US by extending and adding new types of tax credits. Its largest innovation, transferability, allow...
Marine Carbon Dioxide Removal Coalition Launches, Creates Forum to Responsibly Grow the Field
The coalition unites marine carbon removal companies, nonprofits, and academics to advance research and the responsible development of the sector WASHINGTON, Aug. 21, 2025 /PRNewswire/ -- The Mari...
Follow the money flow of climate, technology, and energy investments to uncover new opportunities and jobs.