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R&D Spending Surges In GCC's Chemical Sector

GCC countries are leveraging their hydrocarbon wealth and increasing investment in R&D to expand their downstream production and export capacity for petrochemicals and chemicals. ....

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Saudi Arabia joins US in creating Net-Zero Producers Forum


April 24, 2021
RIYADH Saudi Arabia’s Ministry of Energy announced that the Kingdom will join Canada, Norway, Qatar and the United States to form a forum to develop strategies including methane abatement, circular carbon systems, carbon capture and storage and economic diversification.
The five countries collectively represent 40 percent of global oil and gas production.
A joint statement from the five countries noted that the cooperative forum will develop pragmatic net-zero emission strategies, including methane abatement, advancing the circular carbon economy approach, development and deployment of clean energy and carbon capture and storage technologies, diversification from reliance on hydrocarbon revenues, and other measures in line with each country s national circumstances. ....

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