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Tasnee’s 2025 losses deepen

The petrochemicals' company's revenue also fell 17.7 percent.

DP World 2025 revenue $24.4bn

The profit for the year up 32.2% to reach $1.96bn.

BYD 2025 revenue surges

The EV manufacturer reported net profit of $.3.3bn for 9M 2025.

Aramco net income $28bn

Capital investment during Q3 2025 $12.9bn on investments in energy projects.

e& revenue up 23%

Consolidated net profit reached $2.94 billion during 2025.

Saudi scientists testing a new technique to freeze carbon emissions

    • New testing is about half the cost of existing carbon capture techniques

    • The cryogenic technology hopes to capture up to 25 tons a day from a power plant

    A pioneering technique is being tested by a team of scientists at Jeddah-based King Abdullah University of Science and Technology for freezing greenhouse-gas emissions from power plants that is about half the cost of existing carbon capture techniques.

    The cryogenic technology was developed by Sustainable Energy Solutions, a private company based in Salt Lake City, Utah, in the US and may cost between $35 and $40 a ton on a large scale, said William Roberts, a professor at the university.

    Within two years, according to Bloomberg, the team hopes to capture up to 25 tons a day from a power plant near the new city of Neom, Roberts said. The project will cost around $25 million.

    “We think the energy costs are low, the footprint is small and the capex is reasonably small,” he said. “Efficiency gets better as the scale goes up.”

    Saudi Arabia is exploring a number of carbon capture, storage and reuse technologies. Aramco is capturing 40 million standard cubic feet of CO2 a day at its Hawiyah Gas Plant, which it then pipes 85 km to the Uthmaniyah oil field to be injected into the reservoir for storage and enhanced oil recovery.

    Aramco is also working on technology that captures carbon emissions from car exhausts and stores it until it can be offloaded at fuel stations.