Saudi Aramco has set a target to reach 12 gigawatts of solar and wind capacity by 2035, and produce 11 million tonnes of blue ammonia by 2030 as part of its net-zero drive.

The Saudi state giant would require 1.93 million tonnes of blue hydrogen, produced from natural gas linked to carbon capture and storage (CCS), to reach the targets, according to its first sustainability report.

Aramco, which has already been backing large renewables projects such as the 1.5 GW Sudair Solar project, provided sparse detail about its plans for wind, solar goal and hydrogen, but said that renewables investments would translate into a reduction of 14 million tonnes per annum of carbon dioxide.