DHAHRAN, Saudi Arabia – Aramco, one of the world’s leading integrated energy and chemicals companies, TotalEnergies, a global multi-energy company that produces and markets energies, and Saudi Investment Recycling Company (SIRC), a major player that collects and turns organic materials into sustainable products in Saudi Arabia, today announced the signing of a Joint Development and Cost Sharing Agreement (JDCSA) to assess the potential development of a sustainable aviation fuels (SAF) plant in the Kingdom of Saudi Arabia.

The announcement coincides with a state visit by the President of the French Republic, Emmanuel Macron, to the Kingdom of Saudi Arabia, and the collaboration aims to leverage each company’s respective areas of excellence and expertise to develop the SAF production plant in Saudi Arabia’s Eastern Province.

The assessment will focus on harnessing innovative engineering and technology solutions that seek to recycle and process local waste or residues from the circular economy (used cooking oils and animal fats) to produce SAF.

Amin H. Nasser, Aramco President & CEO, said: “With demand for air travel forecast to grow, it’s becoming imperative to address aviation emissions through lower-carbon alternatives. This is where major global energy companies like Aramco and TotalEnergies can play a part, by collaborating to help meet this need. Addressing transport emissions requires a wide range of approaches and Aramco is pursuing a number of potential innovative solutions, as we seek opportunities to contribute to global emissions reduction efforts. We already have a well-established partnership with TotalEnergies and this new collaboration demonstrates our intent to explore ways to leverage our combined strengths, in this case with a view to establishing a SAF plant in the Kingdom with SIRC. As Saudi Arabia’s tourism and aviation sectors expand, this could potentially benefit both domestic and international airlines.”       

Patrick Pouyanné, TotalEnergies Chairman and Chief Executive Officer, said: “We are delighted to partner with Aramco and SIRC to study the production of SAF in the Kingdom. By leveraging our expertise, we can take a further step towards the decarbonization 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.”

Eng. Ziad Al-Sheha, SIRC CEO, said: “In keeping with our commitment to supporting the ambitious sustainability objectives of Vision 2030 and the Saudi Green Initiative, we have a keen focus on increasing waste conversion rates into renewable resources. The new partnership with Aramco and TotalEnergies to assess the feasibility of a renewable aviation fuels plant signifies a major leap forward in our mission. We also believe it will enrich and energize our efforts to lead the development of the Kingdom’s circular economy.”

About Aramco

As one of the world’s leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world.

https://www.aramco.com

Aramco Contact Information

Media Relations: media.inquiries@aramco.com

 @aramco

About TotalEnergies

TotalEnergies is a global multi-energy company that produces and markets energies: oil and biofuels, natural gas and green gases, renewables and electricity. Our more than 100,000 employees are committed to supplying affordable, reliable, clean energy to as many people as possible. TotalEnergies intends to put sustainability, in all its dimensions, at the center of its strategy, projects, and operations.

TotalEnergies Contacts

Media Relations presse@totalenergies.com l @TotalEnergiesPR

Investor Relations: ir@totalenergies.com

About SIRC

The Saudi Investment Recycling Company (SIRC), a wholly owned subsidiary of the Public Investment Fund (PIF), was established in 2017 to lead Saudi Arabia’s circular economy for a sustainable future. The company invests in the development of the local waste management sector and is striving to boost the Kingdom’s capabilities to meet its objective of raising total municipal solid waste recycling operations to 81% by 2035. For more information, visit: www.sirc.sa