GCC countries are aiming to extract the maximum benefit from their hydrocarbon reserves by catalyzing investment in downstream production and export capacity for petrochemicals and chemicals.
- Jun 07, 2023, 11:00 AM CDT
In October 2022 Oman, along with the UAE, pledged to reach net-zero emissions by 2050, while Saudi Arabia and Bahrain are aiming to meet the same goal by 2060. Although it has yet to commit itself to a net-zero target, Qatar’s 2021 national climate change action plan seeks to achieve a 25% reduction in greenhouse gas emissions and decrease the carbon intensity of its liquefied natural gas facilities by 2030.
Looking ahead, with the global energy transition well under way and Gulf governments committed to reducing national carbon emissions, innovation efforts will be focused on sustainable products and processes.
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