• News & Knowledge
  • 21 October 2021

TAQA and ARI execute an Alliance to develop Carbon Sequestration and Underground Storage opportunities in Saudi Arabia and Middle East Region

Industrialization and Energy Services Company (TAQA) and Advance Resources International Inc (ARI) announced today the formation of a strategic alliance to develop Carbon (CO2) Sequestration and Underground Storage opportunities in the Kingdom of Saudi Arabia and the Middle East region. The timing of the alliance coincides with the Saudi Green Initiative and the Middle East Green Initiatives launched earlier this week in Riyadh – Saudi Arabia.

“We’re very excited to partner with a world class firm having international experience spanning for more than 40 years in Carbon Sequestration, Underground Storage and EOR projects. This is an important step to realize the vision of HRH Crown Prince Mohamed Bin Salman “that the world needs to go much further and faster in combatting climate change”. The alliance with ARI will position TAQA at the forefront of realizing this vision and is very well in line with TAQA 2021 strategy.”
Khalid Nouh – TAQA Chief Executive Officer
“We are most pleased to partner with TAQA, a recognized leader in providing high quality oil field services, on Carbon Sequestration (CCUS) and Enhanced Oil Recovery (EOR) studies and projects in Saudi Arabia and the Middle East Region. CCUS and EOR are two critical technologies essential for achieving a successful Energy Transition.”
Vello A. Kuuskraa – ARI President
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