"A large proportion of its petroleum products are used asfuel for vehicles, so the R & D network in the company is developing advancedcombustion methods like the fabrication of new fuel that is more effective, andthe introduction of hybridization solutions." Aramco said in a statementyesterday.
Aramco also added that the use of more volatile fuels such as gasoline significantly reduces the emissions, pointing out that the right technique is combustion under high pressures that is more efficient, but it is used with the wrong type of fuel, which is «diesel», which means that only the type of fuel must be changed, and thus reduce consumption and lessen emissions of Carbon dioxide by between 25% and 30%. It noted that it deals with post-combustion emissions using carbon capture and conversion techniques.
There is no let-up in Aramco's efforts in innovation and development. Especially that the Saudi Minister of Energy, Industry, and Mineral Resources, Khalid Al-Falih, stressed the importance of developing innovative capacity as a key factor in enabling Saudi Arabia to build its future economy firmly in the public and private sectors.
Al-Falihdiscussed the technical projects run by Aramco in cooperation with manynational institutions such as King Abdullah University of Science andTechnology (KACST), King AbdulazizCity for Science and Technology, and Badir Program for Technology Incubators.
"Aramco and SABICare contributing to enter Saudi Arabia to the global markets, as the twocompanies view the world as an open market for their products, which isreflected in reaching the Chinese and American markets." Al-Falih added,"On this side, Aramco seeks toenhance its investment experience in the gas sector, especially in emergingmarkets in Asia, for example."
Saudi Aramco continues to play a vital role in the development of the national energy services sector that will attract local energy-related industries with global competitiveness and help to consolidate and strengthen these industries. This has been demonstrated through the creation of new opportunities for the Company to enable it to operate more efficiently and effectively in terms of cost by boosting localization of economic development and diversification. The company is working on doubling its domestic energy products and services, as well as increasing its exports. For example, its program to enhance the In-Kingdom Total Value Add (IKTVA) Program directed to the Saudi's supply sector, King Salman Energy Park (SPARK), and the King Salman International Complex for Maritime Industries & Services.
