13,744.64 TRY BIST 100 BIST 100
46.49 USD USD USD
6.87 CNY CNY CNY
52.81 EUR EUR EUR
0.13 CNY CNY/EUR CNY/EUR
43.69 TRY Interest Interest
93.67 USD Fossil Oil Fossil Oil
6.21 USD Copper Copper
94.66 USD Silver Silver
98.51 USD Iron Ore Iron Ore
380.00 USD Shipbreaking Scrap Shipbreaking Scrap
6,089.00 TRY Gold (gr) Gold (gr)
98.00 USD Iron Ore 61% Fe Iron Ore 61% Fe

Saudi Arabia continues to work for carbon neutral

Declaring that it continues to work by reducing its methane emissions by 30 percent until 2030, Saudi Arabia introduced a new project in its carbon neutral targets with its new study.

Saudi Arabia continues to work for carbon neutral

Saudi Arabian Crown Prince Mohammed bin Salman, who launched the “Riyadh Sustainability Strategy” last year at the Green Saudi Initiative Forum, accelerated his work after he stated that they aim to achieve zero carbon emissions by 2060.

Continuing its work, Saudi Arabia announced that it will establish a Carbon Capture and Storage Center (CSS), the largest of its kind in the Middle East. The joint agreement was signed between the national oil giant Saudi Aramco and the Ministry of Energy.

The largest project in the Middle East in its field

As the center will initially capture and store 9 million metric tons of carbon dioxide per year, it will be the largest project in the Middle East in this area. The place where the facility will be established will be Jubayl, the industrial city of Saudi Arabia. It is aimed that the center will be operational in 2027 and 44 million tons of CSS by 2035.

With this project, Saudi Arabia aims to minimize the damage to the environment and human health.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

Tata Steel UK CEO Rajesh Nair: New steel quotas could weaken domestic production and competitiveness

Thursday, June 25, 2026

India launches AD investigation into electrical steel imports from China, Japan, South Korea, and Russia

Thursday, June 25, 2026

SAIL nears completion of 2.0 MTPA pellet plant project at RSP

Wednesday, June 24, 2026

Muammer Bilgiç: "Is Global Steel Production Declining?"

Thursday, June 25, 2026

Tubao accelerates low-carbon hydraulic solutions with ArcelorMittal’s XCarb® technology

Thursday, June 25, 2026
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences
E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now