- Saudi Arabia’s national oil company Saudi Aramco has launched a $1.5 billion Sustainability Fund that will invest in technology supporting a “stable and inclusive” energy transition, making this among the largest-ever sustainability-focused venture capital funds in the world.
- The fund’s initial focus areas include carbon capture and storage(CCS), greenhouse gas emissions, energy efficiency, nature-based climate solutions, hydrogen, ammonia, digital sustainability and synthetic fuels.
- Aramco later announced that instead of chilling that gas and exporting it as LNG, it will instead use it to make much cleaner fuel: Blue hydrogen.
Aramco Unveils $1.5B Mega VC Fund For Sustainability
