In addition to our mangrove initiative Aramco is working on other nature-based solutions such as developing algae ponds and photo bioreactors that are expected to reduce thousands of tons of CO 2 emissions from across our operations. Our mangrove plantation initiative to restore lost mangrove habitats in the Kingdom’s coastal areas is a voluntary sustainability community initiative to protect the natural habitats and ecosystems our company relies on. Mangrove trees act as an effective, natural carbon sink. In line with CCE, Aramco’s initiative to protect, plant and restore millions of mangrove trees inside and outside the Kingdom will absorb carbon and enhance biodiversity, while also prioritizing water conservation, treatment and reuse. Policy is key in how industry can scale carbon capture and storage. Nature-based solutions also play an important role in removing carbon as part of the Circular Carbon Economy (CCE) - the framework promoted by the Kingdom and adopted by the G20 member states during Saudi Arabia’s presidency of the G20. We have cumulatively captured more CO 2 than any other company 120 million metric tons accounting for approximately 40 percent of all the anthropogenic CO 2 that has ever been captured. Alternatively, CO 2 can be sequestered by cultivating algae, which can be harvested and processed to produce useful products like biofuel and protein-rich animal feed. Mangrove trees, for example, sequester carbon far more effectively and permanently than terrestrial forests.
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