Aramco outlines sustainability plans

Saudi oil company’s inaugural sustainability report includes headline targets for blue hydrogen and renewables but is light on detail

State oil giant Saudi Aramco has set out its ambitions for blue hydrogen and renewables in its inaugural sustainability report, which also outlines medium-term targets for scope one and two emissions reduction and mitigation. By 2030, Aramco aims to produce up to 11mn t/yr of blue ammonia and to have invested in 12GW of renewable power generation. By 2035, it intends to capture 11mn t/yr of CO₂e for either utilisation or storage and to have cut its carbon intensity by 15pc from a 2018 baseline—all contributing to a goal of reducing or mitigating 50mn t/yr of greenhouse gas emissions by that year. However, details on the plan’s execution are light, and the absence of targets on scope three em