Saudi Arabia’s Aramco has announced its strategic entry into Horse Powertrain, a joint venture between Renault and Geely, aiming to advance the development of synthetic fuels and hydrogen.
Aramco’s expertise in synthetic fuels and hydrogen, coupled with Renault and Geely’s automotive technology prowess, promises innovative solutions for reducing carbon emissions in the automotive sector. Synthetic fuels and hydrogen, derived from renewable sources like solar and wind power, offer potential pathways to sustain internal combustion engines with minimal environmental impact.
Horse Powertrain, the joint venture, envisions significant growth with plans for 17 new factories, 3 R&D centers, and the creation of 19,000 jobs. It aims to achieve an annual production capacity exceeding 5 million engines, encompassing internal combustion engines, hybrids, and plug-in hybrids. Aramco’s 10% investment in Horse Powertrain underscores its commitment to advancing automotive technology aligned with sustainable energy goals.
Aramco’s entry into Horse Powertrain marks a significant step towards decarbonizing the automotive sector. By focusing on synthetic fuels and hydrogen, the alliance aims to pave the way for greener mobility solutions. This initiative aligns with global efforts to reduce greenhouse gas emissions and meet sustainability targets across the automotive value chain.
