This cooperation between Petro Rabigh and Gulf Cryo is aligned with their shared ambition to capture CO2 emissions with the goal of reducing CO2 emissions by up to 2 million tons per year by 2042.

This collaboration aims at capturing CO2 emissions from MEG Plant which is located at Rabigh Petrochemical cluster in Saudi Arabia and has a capacity of 600,000 metric tonnes per year.

This agreement, which was signed by Amer Al Huneidi Gulf Cryo Chairman, and Othman Al Ghamdi, Petro Rabigh President and CEO, will establish a new strategic collaboration reinforcing the commitment of both businesses towards enhancing local content and securing a resilient supply chain and a sustainable business environment.