4/30/2024 0 Comments Carbon capture public companies![]() In addition to our mangrove initiative Aramco is working on other nature-based solutions such as developing algae ponds and photo bioreactors that are expected to reduce thousands of tons of CO 2 emissions from across our operations. ![]() Our mangrove plantation initiative to restore lost mangrove habitats in the Kingdom’s coastal areas is a voluntary sustainability community initiative to protect the natural habitats and ecosystems our company relies on. The world’s largest carbon-capture project is at risk of never being built because of uncertainty about Canadian government incentives, according to Wood Mackenzie Ltd. In an announcement this morning, Graphyte claims that its new carbon sequestration technique beats the. Mangrove trees act as an effective, natural carbon sink. A Bill Gates-backed startup called Graphyte, however, says it’s hit that cost benchmark. In line with CCE, Aramco’s initiative to protect, plant and restore millions of mangrove trees inside and outside the Kingdom will absorb carbon and enhance biodiversity, while also prioritizing water conservation, treatment and reuse. Nature-based solutions also play an important role in removing carbon as part of the Circular Carbon Economy (CCE) - the framework promoted by the Kingdom and adopted by the G20 member states during Saudi Arabia’s presidency of the G20. Alternatively, CO 2 can be sequestered by cultivating algae, which can be harvested and processed to produce useful products like biofuel and protein-rich animal feed. Mangrove trees, for example, sequester carbon far more effectively and permanently than terrestrial forests.
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