Saudi Aramco, a world leading integrated energy and chemicals company, showcased its commitment to energy sustainability at inaugural Saudi Electricity Forum and its accompanying exhibition in Riyadh.
The event was organised by the Ministry of Energy, Industry and Mineral Resources (MEIM) on second week of this month. Khalid Al Falih, Saudi Arabia's Minister of Energy, Industry and Mineral Resources and chairman of Saudi Aramco, participated in the event.
Saudi Aramco executive director of power systems, Eng Abdulkarim Al-Ghamdi said: “Saudi Aramco’s participation in the forum is an important enabler of the company’s greater responsibility to energy sustainability for the kingdom.
"Our participation demonstrates our commitment and contributions for the efforts to optimise the fuel mix and maximise profitability to the company and the kingdom. We are also working constantly on initiatives aiming to reduce O&M cost, enhance efficiency, and maximise sustainability."
The company is significantly expanding its applications of renewables in several remote locations to power off-grid gas and oil well facilities, bulk plants and offices which is driven mainly by economics and environment.
Saudi Aramco is also strategically pursuing renewable investment at utility-scale to diversify the company portfolio and support the kingdom’s goal to reach 9,500 MW of renewable capacity by year 2023.
Saudi Aramco-owned generation with efficiency reaching 70 per cent is significantly expanding to reach 12 GW by year 2020. Hence, Saudi Aramco is working with the electricity regulator to obtain the necessary licensing requirement for energy export and trading to supply competitive power to investors such as the Energy Industrial City, the company said.
At the same time, Saudi Aramco is pursuing an initiative to fully implement digitisation across all power generation that will further optimise the cost of power and keep its competitive edge among other utility producers, it added.
In line with the fuel optimisation strategy for the kingdom, Saudi Aramco has been working with relevant utility companies to reduce crude and diesel burning and was able to successfully reduce crude burning in the kingdom this year by 35,000 barrels per day and diesel by 90,000 barrels per day and toward zero diesel burning by 2020.
In addition, Saudi Aramco is looking into the utilisation of opportunity fuels, such as emulsified fuels, Petcoke, and low BTU gas in the utility sector to maximise value for the kingdom by availing high value fuels for export, the company said.
Looking into the future, Saudi Aramco is supporting and expediting deployment of new technologies and improving Saudi content through strategic partnerships. For example, GCC Lab was established as a collaborative effort with the government, industrial partners, and academia to test and inspect major electrical equipment to save time and cost for conformity testing, it said.
Additionally, a National Clean Combustion Test Platform project is under development with national stakeholders to support large scale deployment of energy-efficient and clean fuel technologies.
Within all these effort, Saudi Aramco is driving greater value though the development of local content. The company’s in-Kingdom Total Value Add (IKTVA) programme is designed to drive increased investment, economic diversification, job creation, and workforce development within the kingdom, the company added.