#وزير_الطاقة يلقي كلمة في الجلسة الافتتاحية في منتدى جيبكا السنوي الـ 17

[M130-01] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:00:04 · #وزير_الطاقة يلقي كلمة في الجلسة الافتتاحية في منتدى جيبكا السنوي الـ 17 · 2023-12-03 · مشاهدة عند هذا التوقيت

In the Name of Allah the Most Merciful and the Most Gracious, my two dear, near friends brothers and colleagues Saad and Salem, His Highness Prince Saud, dear friends and colleagues in this sector. I couldn't start the speech without as usual getting off offline. Mariam you talked about how hospitable Qatar is and how generous Qatar is and I was just this morning looking at some famous poem for a poet that we all know at least in the Arab word his name is Al Jawhri, he is an Iraqi. Which I had the pleasure of meeting and befriending him at his later years of his life. Unfortunately, we lost him, but I couldn't help it to remember a verse from one of his poems, which reminded me and I believe that what would all of Qatar’s guests said in this event and all events; I will speak for myself and I believe for everyone “From my homeland to my homeland I left and from my homeland to my homeland I am returning back.

[M130-02] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:01:47 · #وزير_الطاقة يلقي كلمة في الجلسة الافتتاحية في منتدى جيبكا السنوي الـ 17 · 2023-12-03 · مشاهدة عند هذا التوقيت

I also had another comment for Muhammad, the young gentleman that we saw in the video couldn't help but to bring it to the attention of his and GPCA in 2050 we will still be wearing Thobes. We're not going to, again I have to emphasize this, we're not going to change our colors we're not going to change our beliefs, we would not change our pride of our history of our culture, but I'm sure what we are trying to do with all of our visions is to make sure that the generations to come will be proud as we are today proud of ourselves. I'm back to the speech that was written for me but I will have to deviate here and there, it's been my nature it's been my maybe curse that I I'm a deviator but who knows, being a deviator is not a bad idea after all. You tend to be creative in anyway.

[M130-03] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:03:27 · #وزير_الطاقة يلقي كلمة في الجلسة الافتتاحية في منتدى جيبكا السنوي الـ 17 · 2023-12-03 · مشاهدة عند هذا التوقيت

Excellency distinguished guest ladies and gentlemen it gives me a great pleasure to be with you here today on the 17th GPCA Forum in Doha, an event I have long held in high regards. The GPCA and its member companies are important drivers of economic growth and employment in the region. It is important to recognize as the COP 28 commence on climate change of course, that the petrochemical sector is also a crucial element in the global campaign to reduce greenhouse gases emissions. We have to keep that in mind and bear that in mind. The petrochemical industry is often under scrutiny for environmental concerns, but it has emerged as a driving force in fostering positive changes in the fight against climate change. Given the green and low carbon chemicals are at the heart of the Kingdom sustainability goal, we are assessing the production of sustainable and low carbon chemicals such as eMethanol and clean Urea through building a unique carbon dioxide utilization Hub. We envision or re-envision the Hub will be Maxim will maximize value for the CO2 and enable new green industry in the Kingdom planned clean energy economy.

[M130-04] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:05:08 · #وزير_الطاقة يلقي كلمة في الجلسة الافتتاحية في منتدى جيبكا السنوي الـ 17 · 2023-12-03 · مشاهدة عند هذا التوقيت

Also the kingdom aim to enable sustainability in the petrochemical sector through recycling efforts which contribute to solving the challenges of end of life plastics allowing the use of non-sorted plastic which are hard to recycle mechanically. The kingdom has successfully converted o derived from plastic waste into certified circular polymer for the first time in the Middle East and North Africa through collaboration between Saudi Aramco, SABIC and total energies through its contribution to the global economy and its role in achieving the environmental sustainability goal the demand for petrochemicals is expected to continue to grow. Globally, the fast growth in the petrochemical sector will be will reflect in Greater demand for hydrocarbons as a feed stock. In fact, the sector is expected to grow by over 50% to around a billion 200 million tons of per annum by 2040 with demand for basic chemicals such as ethylene, propylene growing more to by more than 60% according to market reports and analysts which you are familiar with. The sector is also advancing through leveraging Innovative and emerging technologies to maximize the yield of crude oil and conventional fuel into petrochemicals. To capture this Global growth and play a role in meeting future demand for petrochemical, Saudi Arabia strategy in petrochemicals aim at maximizing added value while minimizing the carbon footprint. an endeavor for everybody these days by focusing in liquids to chemical and upgrading low value streams that are being burned as fuels to feed stock for petrochemicals. We have already commenced that work and we'll continue doing that. We are also proud to say that we are in our way in expanding our portfolio with at least four projects coming online in the next few years and many more that focus on liquid to chemicals in the future. We are also aiming at diversifying our portfolio through maximizing the integration of in the value chain and expanding the kingdom downstream sector which will enable industrial and Manufacturing activities.

[M130-05] · سمو وزير الطاقة (HRH the Minister of Energy) · التوقيت 00:08:17 · #وزير_الطاقة يلقي كلمة في الجلسة الافتتاحية في منتدى جيبكا السنوي الـ 17 · 2023-12-03 · مشاهدة عند هذا التوقيت

Since last year actually five projects in the field of oil chemical oil to chemical feed additives Catalyst and institutional and Industrial cleaners were approved contributing to the diversification of our portfolio and bringing us closer to reaching our localization targets. The localization program is a key driver of our growth and diversification of our petrochemical product as these products are essential for the localization of many energy component including drilling fluids building materials renewable energy components amongst many others. Notably Advanced polymer play a crucial role in the creation of composite used in wind turbine blades where their lightweight and durable properties contribute to increasing efficiency and reduce environmental impact. This Advanced polymer are also employed as an alter for traditional balsa wood further enhancing the sustainability of wind turbine components. I funny enough hydrocarbon is like a Jinny, it recompose itself to make it essential and there is no way out from that hydrocarbon. Additionally polymers find applications as an integral component of solar panels, here you go! aiding in the production of lightweight and cost effective photovoltaic systems. By actively participating in this Renewable Energy Solution the petrochemical industry is showcasing the positive impact of polymer technology in advancing climate friendly practices and contributing to a more sustainable future. Also petrochemical and derivatives make around 50% of a vehicle volume including electrical vehicles by the way. Again there is no way out! which I think it contributes to about 177%. Hence petrochemical is here as I said to stay and hydrocarbon will continue to be monetized so I would ask our friends who are talking about transitioning live with the facts and realities of the day and the realities of the decades to come. Thank You!