Flow batteries store energy in liquid electrolytes, enabling long lifespan, low fire risk, and easy maintenance while providing scalable, efficient power with minimal degradation.

Pilot plant established with Siemens Energy assessing commercial scale-up of emissions-reduction technologies.

First phase construction expected to be completed in 2027, with capacity to capture and store up to 9 million metric tons of CO2 per year.

The agreement aims to expand SASREF’s refining and petrochemical capabilities while fostering international collaboration.

The facility will include a 16 million tons-per-year refinery, 1.5 million tons ethylene, 2 million tons paraxylene, and a 300,000-ton crude oil terminal.

The companies will explore opportunities for cooperation in storage and the supply and trading of energy and petrochemical products.

Details of these initiatives were disclosed during the Global AI Summit (GAIN), which commenced at the King Abdulaziz International Conference Center in Riyadh.

Collaboration to focus on developing commercially-viable solutions to support energy transition and sustainability goals.

Aramco is exploring a joint venture with Chinese partner Rongsheng Petrochemical Co. Ltd., for Saudi Aramco Jubail Refinery Company and significant investments in Saudi and Chinese petrochemical sectors.

Aramco, one of the world's leading integrated energy and chemicals companies, today awarded engineering, procurement and construction (EPC) contracts worth $7.7 billion for a major expansion of its Fadhili Gas Plant in the Eastern Province of Saudi Arabia.