Saudi Aramco announced that it was joining the World Bank’s (WB) initiative to reduce gas flaring to zero by 2030, noting that its flaring was already less than 1% of its total raw gas production in the first half of 2019, Zawya reported on November 6.

The WB’s Zero Routine Flaring initiative aims to reduce wasteful burning of natural gas at production fields and to reduce emissions of hydrofluorocarbon (HFCs) industrial gases with a high potential to trap the earth’s heat.

Aramco’s Senior Vice President for technical services, Ahmed Al Saadi, clarified that his company is also investing in advanced technologies to enable greater efficiency and lower emissions in transport, carbon-free hydrogen fuels, and carbon capture, utilization, and storage (CCUS).

It is worth mentioning that Aramco kick-started its initial public offering (IPO) this week, announcing its intention to float on the domestic bourse in what could be the world’s biggest listing, planned for later this year.