Net-Zero Emissions
1- Contribute to reducing carbon emissions in KSA by 30%.
2- Reduce the cost of CO2 capture to less than $40/C-ton.
3- Reduce the cost of carbon storage to less than $10/C-ton.
4- Produce applications and materials that utilize 70% of captured carbon.
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Net-Zero Emissions: Innovation Goal 1
Develop dynamic building envelopes and an optimized hybrid energy system that will reduce building energy consumption by 70% by 2030.
Net-Zero Emissions: Innovation Goal 2
Achieve 50% reduction of carbon emissions from combustion-based systems (e.g., steel and cement production, flaring etc.) by 2040.
Net-Zero Emissions: Innovation Goal 3
Target 10% performance improvement in combustion technologies by 2040.
Net-Zero Emissions: Innovation Goal 4
Develop self-sustaining building energy generation by on-site renewables, storage, and an advanced management system by 2030.
Net-Zero Emissions: Innovation Goal 5
Develop software solutions for identification of factors responsible for emissions and emissions estimation, modeling, and prediction at national and corporate levels by 2028.
Net-Zero Emissions: Innovation Goal 6
Reduce direct air capture (DAC) cost to < $100/C-ton by 2040.
Net-Zero Emissions: Innovation Goal 7
Reduce point-source carbon capture cost to < $20/C-ton by 2035.
Net-Zero Emissions: Innovation Goal 8
Identify geological formations suitable for large scale CO2 storage by 2025.
Net-Zero Emissions: Innovation Goal 9
Develop technologies for the conversion of CO2 to value-added chemicals by 2030.
Net-Zero Emissions: Innovation Goal 10
Invent applications for carbon utilization (construction of roads, buildings, storage tanks…etc.) by 2030.