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Saudi Arabia, US Sign Clean Energy Deal

Saudi Arabia, December 6, 2017

Khalid Al Falih, the Saudi Minister of Energy, Industry, and Mineral Resources and the U.S. Secretary of Energy Rick Perry on Tuesday signed a Memorandum of Understanding (MoU) to establish a framework for cooperation in clean energy.

The deal aims to enhance the relations between the two countries in the energy fields, including cooperation opportunities in the area of carbon management and clean fossil fuels.

“After a productive visit to the Kingdom of Saudi Arabia, today the United States and Saudi Arabia have entered an exciting new phase in energy partnership, building on our collective success with an eye to the future,” said Secretary Perry.

“This MoU outlines a future alliance not only in super-critical carbon dioxide, but also in a range of clean fossil fuels and carbon management opportunities. Together through the development of clean energy technologies our two countries can lead the world in promoting economic growth and energy production in an environmentally responsible way.”

“As I thank Secretary Perry for his visit, I would like to express my deep gratitude for his continuous support to the cooperation between our two countries in the energy fields. The potential of this cooperation has no limits and its positive impact on the global economy, environment, and energy supplies is great,” Al Falih said commenting on the visit and signing of the MoU.

The MoU covers many technical fields including supercritical carbon dioxide (sCO2) power cycles; carbon capture, utilisation, and storage (CCUS); chemical looping and oxy-combustion; the energy-water nexus, as well as other areas of mutual interest related to clean fossil fuels and carbon management.

“The MoU underscores the Kingdom’s leadership role in clean energy deployment at scale, venturing, and international collaborations to advance innovation in clean energy technology. This also highlights the Ministry’s commitment to maintaining its national contributions on enhancing clean energy technologies that would enable sustainable development in line with Saudi Vision 2030, the national economic diversification plan, and fulfill its responsibilities as a global energy producer and exporter,” Al Falih added.

Al Falih pointed that the two countries will exchange experts, engineers, and scientists, as well as facilitate the transfer of technology. The MoU will encourage the organisation of joint seminars and workshops, as well as visits by experts to various facilities, such as research laboratories, institutes, and industrial sites.