HRH speech about Japan energy ver1

[M058-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:01 · HRH speech about Japan energy ver1 · 2021-09-30 · مشاهدة عند هذا التوقيت

Excellences, ladies and gentlemen, I am grateful to the Ministry of Economy, Trade and Industry for the invitation to take part in this important event. Japan carbon recycling roadmap has the full support of the kingdom of Saudi Arabia as a viable way to confront the challenges of climate change. Indeed, in a reminder of the old saying, great minds think alike, Japan’s roadmap share some important features with the concept of a circular carbon economy. Saudi Arabia has promoted this as the most effective way of dealing with climate change, while still benefiting from the immense power of hydrocarbon fuels, it will also allow countries to follow their path into a better cleaner world.

[M058-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:50 · HRH speech about Japan energy ver1 · 2021-09-30 · مشاهدة عند هذا التوقيت

CCE approaches carbon management in a way that implicitly values all options and all efforts to mitigate greenhouse gas emissions. Emissions are reduced, recycled and removed, the 4Rs, as a way to restore natural balance to the carbon cycle, while retaining the ability to generate economic growth. Carbon is not the enemy, we have seen recently how short gigs of CO2 have caused blockages in the industrial processes in some parts of the world. This is a good time to reevaluate how we view CO2 as a resource with many positive applications.

[M058-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:36 · HRH speech about Japan energy ver1 · 2021-09-30 · مشاهدة عند هذا التوقيت

In Saudi Arabia, we are already well advanced in this process, SABIC 500,000 tons of carbon captured plant is recycling carbon into a product that is then used as a fertilizer for farmers to help supply the growing world population. Saudi Aramco has developed a technology to recycle CO2 in petrochemicals and plastic. We are also looking at other users, such as carbon cured, concrete, and how to use CO2 as a replacement for water, which will help the oil industry improve its environmental footprint. Using these techniques, the word can play to the strength of its components parts and allow countries some leeway on how they approach the climate change challenge. Following the G 20 leader endorsement of CCE and Riyadh in 2020, Saudi Arabia has pushed forward with its domestic deployment, we are developing a national program to embed CCE into our entire economy.

[M058-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:02:48 · HRH speech about Japan energy ver1 · 2021-09-30 · مشاهدة عند هذا التوقيت

In conclusion, we see natural synergies between the circular carbon economy and the carbon recycling roadmap and welcome opportunities to explore, refine and develop them further with Japan of course and the other. Thank you.