Skip to main content

Saudi Aramco launches sustainability fund

The more than $1 billion new Saudi fund will invest in hydrogen, ammonia and other alternative fuels to oil.

Saudi’s state-owned oil company Aramco announced yesterday the launch of a venture capital fund that will focus on sustainability-related projects. 

What it means: The $1.5 billion fund will "invest in technology that can support a stable and inclusive energy transition.” It will be managed by Aramco’s venture capital arm. The fund will invest in the following, Aramco said in a press release: 

Access the Middle East news and analysis you can trust

Join our community of Middle East readers to experience all of Al-Monitor, including 24/7 news, analyses, memos, reports and newsletters.


Only $100 per year.