Saudi Energy Minister Prince Abdulaziz bin Salman assured yesterday, Tuesday, that the mechanisms of carbon capture, use, and storage in the circular carbon economy model achieve economic and environmental benefits that help achieve goals in the fields. Target simultaneously.

Prince Abdulaziz said in a speech during his patronage the opening of the activities of the international conference and exhibition for carbon capture and use and storage in partnership with Bahraini Oil Minister Sheikh Mohammed bin Khalifa that it is time to redouble efforts in The area of ​​carbon capture, storage and use.

He explained that the technical development will play a pivotal role in finding effective solutions to challenge carbon emissions, in addition to its contribution to providing clean forms of fuel and the production of types of high-value feedstock to provide useful products. .

He added that in order for carbon capture, storage and use technologies and systems to become sustainable and expand very quickly, it must work together to create opportunities and remove barriers to private sector participation in investment in This vital area.

Prince Abdulaziz reviewed the Kingdom's initiatives in the field of combating climate change, noting that it is an active and responsible member of the various international community initiatives to combat climate change.

He pointed out that the Kingdom is at the same time investing in developing new technologies for clean energy solutions that include carbon capture, use and storage technology, and that some of these investments already exist and make a tangible difference. .