Latest Market News

Aramco, TotalEnergies, SIRC mull Saudi SAF plant

  • : Biofuels
  • 24/12/04

State-controlled Saudi Aramco, TotalEnergies and Saudi Arabia's Investment Recycling Company (SIRC) have announced a partnership assessing the feasibility of building a sustainable aviation fuel (SAF) production plant in Saudi Arabia.

The parties signed a joint development and cost-sharing agreement on 3 December aimed at assessing the potential development of such a plant in the kingdom's eastern province. The plant would recycle and process local waste or residues — used cooking oils and animal fats — to produce SAF.

"With demand for air travel forecast to grow, it's becoming imperative to address aviation emissions through lower-carbon alternatives," said Saudi Aramco's chief executive Amin Nasser. "As Saudi Arabia's tourism and aviation sectors expand, this could potentially benefit both domestic and international airlines," he added.


Related news posts

Argus illuminates the markets by putting a lens on the areas that matter most to you. The market news and commentary we publish reveals vital insights that enable you to make stronger, well-informed decisions. Explore a selection of news stories related to this one.

Generic Hero Banner

Business intelligence reports

Get concise, trustworthy and unbiased analysis of the latest trends and developments in oil and energy markets. These reports are specially created for decision makers who don’t have time to track markets day-by-day, minute-by-minute.

Learn more