Saudi oil giant Aramco announces pilot project to suck CO2 out of the air, but some scientists are skeptical
Publishing timestamp: 2023-10-10 12:38:18
Summary
Aramco is partnering with Siemens Energy to develop a small-scale direct air capture "test unit" in Saudi Arabia. Direct air capture is a method of extracting carbon dioxide from the atmosphere, but it is considered expensive and less effective compared to capturing CO2 at the source. Despite skepticism, many companies are investing in direct air capture technology. The collaboration between Aramco and Siemens is still in the early phases, and both companies are also invested in other clean energy projects.
Sentiment: MIXED
Keywords: oil and gas, amazon.com inc, science, environment, business news, pollution, siemens energy ag, climate,
Source: https://www.cnbc.com/2023/10/09/aramco-siemens-energy-launch-direct-air-capture-project-.html