抖阴短视频

RIYADH: Oil giant Saudi Aramco used the gathering of business leaders ahead of the Group of Twenty summit of world leaders to sign an agreement with Indonesia鈥檚 energy firm Pertamina to explore collaboration across the hydrogen and ammonia value chain.

The memorandum of understanding was inked on the sidelines of the so-called B20 summit in Bali, Indonesia, as both 抖阴短视频 and the host nation eye achieving the net-zero target by 2060.

The MoU involves a pre-feasibility study that aims to assess the possibility of cooperation related to the development of a clean ammonia and hydrogen value chain. 

The understanding also includes potential carbon capture, utilization and storage at Pertamina Group鈥檚 existing facilities and other agreed potential locations. 

The pre-feasibility study, which will be conducted over the next two years, will also explore the investment viability of developing commercial structures for clean ammonia and hydrogen in Indonesia. 

鈥淎s a company, our ambition is to achieve net-zero scope 1 and 2 greenhouse gas emissions across our wholly-owned operating assets by 2050,鈥� said Aramco's senior vice president of Downstream Mohammed Al-Qahtani. 

Saudi Aramco had pledged to achieve the net-zero targets by 2050, 10 years ahead of the Kingdom鈥檚 net-zero goal.

Al-Qahtani added: 鈥淥ur work in developing new ammonia and hydrogen energy pathways will be pivotal in achieving that goal while helping to advance an affordable, equitable and more sustainable transition for all.鈥� 

Nicke Widyawati, president director of Pertamina, said that energy transition should not jeopardize energy security and affordability, especially for countries that are highly dependent on fossil fuels. 

鈥淗ydrogen and ammonia are expected to play a key role in a future climate-neutral economy, enabling emission-free power generation, heavy transport, heating and industrial processes,鈥� said Widyawati. 

Last week, during the UN鈥檚 Climate Summit in Sharm El-Sheikh, Egypt, 抖阴短视频鈥檚 Energy Minister Prince Abdulaziz bin Salman announced the Ministry has joined hands with Aramco to establish a carbon capture and storage hub as the Kingdom steadily pursues its sustainability journey. 

Saudi Aramco CEO Amin Nasser said that the new carbon capture and storage hub will be located on the east coast of 抖阴短视频 in Jubail.

Nasser added that the hub will have a storage capacity of up to 9 million tons of carbon dioxide a year by 2027. 

Inside the B20 event, Amazon founder and executive chairman Jeff Bezos used a pre-recorded speech to urge global leaders not to think about sustainability policies as being detrimental to economic growth.

鈥淟et's not get stuck in the mindset of either/or thinking,鈥� he said, adding: 鈥淢any business and government leaders would like to be bold in reducing environmental damage but they fear it will raise costs and hurt growth but we now know that smart action against climate change doesn鈥檛 just stop bad things happening, it also can improve resource efficiency, drive new technology, reduce uncertainty and lead to new opportunities.鈥�

Bezos reaffirmed his pledge to power all of Amazon鈥檚 operations with 100 percent renewable energy by 2025, and said the company is working to convert its delivery fleet to electric vehicles.

He also set out the criteria by which the Bezos Earth Fund will hand out $10 billion in grants by 2030.

鈥淭hese include phasing out internal combustion engines, decarbonizing steel and cement, raising food crop yields, reducing food loss, and empowering indigenous communities to manage tropical forests,鈥� said the businessman, adding: 鈥淔or each of these factors we try to identify how close they are to positive tipping points and what barriers we can help remove in order to cross these tipping points.鈥�

Also appearing at the conference was Elon Musk, who is negotiating a troubled start to his reign as CEO of Twitter, including confusion over the so-called 鈥榖lue tick鈥� system. 

Taking part in a discussion via video link, Musk said it is a 鈥渘o brainer鈥� that the social networking site needs to focus more on video content, and this would benefit users.

鈥淭witter is ready to give revenue share to content creators to make a living,鈥� he said.

Reflecting on the controversies surrounding his tenure at the organization, he said: 鈥淭here is no way to make everyone happy, that is for sure.鈥�

Former UK Prime Minister Tony Blair used a pre-recorded speech at the event to insist the world of the 21st century represents an 鈥渆ntirely new economy鈥�.

鈥淭he premium is on people who are educated, are capable of developing the skills of the future and who understand the way this technology revolution will operate,鈥� he said.

Blair argued that technology would not just change the way people live and work, but 鈥渆very culture鈥�, and massive investment is needed not just in education but also healthcare.

鈥淲e have seen how much damage the pandemic could do, not just to people's health 鈥� 15 million excess deaths worldwide 鈥� but to trillions of dollars lost in the pandemic,鈥� he said, adding: 鈥淚f we produce better health, it will add trillions more to the global economy. 

鈥淏etter health equals better productivity equals higher growth.鈥�