Mitsbishi Power Commits Support To Saudi’s Decarbonization Goals

Mitsubishi Power is showcasing the company’s advanced energy transition technology solutions.

As the report stated, by participating as a Platinum Sponsor, Mitsubishi Power is showcasing the company’s advanced energy transition technology solutions and processes as well as its progress in localising the energy value chain.

The company’s participation features a senior international delegation headed by Kentaro Hosomi, Executive VP, Chief Regional Officer, Europe, Middle East, and Africa, Mitsubishi Heavy Industries, who highlighted the report and who will be speaking on a high-level executive panel along with Saudi Aramco representatives and key industry leaders, titled "Carbon Capture and Energy Storage," on February 1st in the Sustainability Pavilion.

Regional executives will also be in attendance, as will Mitsubishi Power Saudi Arabia’s team, which features a growing number of talented Saudis in leadership positions, including the recently appointed CEO Adel Al-Juraid.

This comes as part of the Mitsubishi Power National Program launched by the company in 2019 to prioritise the development of local talent and expand industrial facilities and capabilities in Dammam to serve Saudi Arabia and the region.

The report further mentions that, as a result of deploying several training and development programmes structured as a blend of classroom and on-the-job training, both in Saudi Arabia and in Japan, the company has successfully achieved a 54% Saudiization rate to date.

In line with its ongoing localization plans, Mitsubishi Power completed a new local Blade and Vane service center, which is managed by Saudi nationals and will result in time and cost efficiencies for Saudi Aramco and other customers.

"We are proud to continue our participation in the iktva event and overall program, where we are partnering closely with Saudi Aramco to drive domestic value creation and support the Kingdom’s economic transformation, towards enabling the sustainable progress of the Kingdom."

"With a proven track record in decarbonization and energy transition solutions, Mitsubishi Power is committed to collaborating with our partners in the Kingdom to empower the country’s sustainable progress," said Adel Al-Juraid, Chief Executive Officer, Mitsubishi Power Saudi Arabia, in the report.

"As a Saudi national, I am especially honored to support this ambition with Mitsubishi Power’s industry-leading energy technology solutions, grounded in our strong localization drive that leverages a century of global engineering innovation."

Mitsubishi Power has a long history in Saudi Arabia that goes back more than fifty years. It works with the Ministry of Energy, Saudi Aramco, the Saudi Electricity Company (SEC), and the Saline Water Conversion Corporation (SWCC), which are all important energy players.

The company started doing business in Saudi Arabia when it sold boilers to Aramco in Abqaiq. Since then, it has worked on power projects with large utilities and industrial companies in the Kingdom.

"We are committed to bringing our most advanced clean technology solutions and services to Saudi Arabia to support our customers meet their power needs while achieving an optimal transition towards a decarbonized future with a resilient, reliable, and robust energy supply." In line with Saudi Arabia’s Vision 2030, we will also continue to support Saudi Aramco’s sustainability goals through our increased localization and by nurturing a growing number of Saudi talents, equipping them with technical skills, and promoting them into leadership positions," Al-Juraid added.

At Iktva, the company will be showcasing its pioneering breakthrough power generation and decarbonization technologies to the MENA region and globally.

According to the report, Mitsubishi Power is continuing to leverage the capabilities of the larger MHI group of companies to provide a comprehensive portfolio of energy transition solutions for cleaner, more efficient, and affordable energy, ranging from advanced-class hydrogen-fueled gas turbines to autonomous power plants.

Alongside supporting its customers to realise their carbon-neutral goals, MHI has announced its vision to achieve carbon neutrality by 2040 across its operations.