Aramco and Spiritus to Advance Direct Air Capture Technology, Investment by Aramco Ventures
17 Mayo 2024 - 11:57AM
Business Wire
Memorandum of understanding signed in the
presence of US Secretary of Energy, Jennifer Granholm and Minister
of Energy for the Kingdom of Saudi Arabia, HRH Prince Abdulaziz bin
Salman al Saud
Spiritus, the climate tech company pioneering cost-effective
solutions for scalable direct-air-capture (DAC) of carbon removal,
today entered into a memorandum of understanding (MoU) with Aramco,
one of the world’s leading global energy and chemicals companies,
and has additionally announced that it received an equity
investment in the company in November 2023, from Aramco
Ventures.
“Aramco has stated its ambition to achieve net zero Scope 1 and
Scope 2 greenhouse gas emissions across its wholly-owned operated
assets by 2050, and sees opportunities to build potential
lower-carbon new energy business,” said Ali Al-Meshari, Sr. Vice
President of Technology, Oversight & Coordination, Aramco.
“Innovative technologies deployed at scale can help reduce the
costs of reducing carbon emissions, and we are investing in
developing these through our R&D, venture capital, and
technology deployment programs. We believe direct air capture has
the potential to play an important role in reducing carbon
emissions from hard-to-abate sectors of the economy, and we see
Spiritus’ approach to have the potential to scale globally, and
specifically in the Middle East.”
Today, in the presence of Jennifer Granholm, United States
Secretary of Energy, and HRH, Abdulaziz bin Salman Al-Saud, Saudi
Arabia’s Energy Minister, the parties as represented by Spiritus
CEO and co-founder Charles Cadieu and Aramco Sr. Vice President Ali
Al-Meshari, entered into the MoU to explore further collaboration
including: to further enhance Spiritus’ technology; potential
piloting and scale deployment of Spiritus’ technology; and
localization of Spiritus’ supply chain in the Kingdom of Saudi
Arabia. The signing ceremony, held in Riyadh, Saudi Arabia,
highlighted the innovation collaboration between the two countries
to work towards their respective net-zero goals and ambitions.
Spiritus' novel approach to direct air capture addresses the
major cost challenges of current direct air capture approaches and
includes reducing energy needs, passive air collection, and a
proprietary sorbent material to remove carbon from the atmosphere
at a tenfold increase in adsorption efficiency compared to existing
methods.
About Spiritus
Spiritus is a climate tech company at the forefront of Direct
Air Capture (DAC) technology. With a dedication to innovation and
sustainable stewardship of our environment, Spiritus has crafted a
unique solution that achieves rapid sorption and desorption rates
at a fraction of the sorbent cost versus state-of-the-art sorbents
under passive DAC conditions. The company's approach combines the
Spiritus Sorbent and the Spiritus Carbon Orchard, offering a
scalable and modular system for low-cost DAC and sequestration
(DAC+S). Spiritus is committed to making carbon removal an
accessible and practical tool in the global fight against climate
change.
To learn more about how Spiritus is pioneering a feasible,
scalable, and cost-effective approach to carbon removal, visit
spiritus.com.
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