learn more about us and who we are
Saudi Aramco Energy Ventures (SAEV) is the strategic technology venturing program of Saudi Aramco, the world’s leading integrated energy and chemicals company. Our mission is ‘to invest globally into start-up and high growth companies with technologies of strategic importance to Aramco, to accelerate their development and their deployment in the company.
Our focus areas include:
• Digital & IR4.0 technologies applicable to Aramco’s global operations.
• Sustainability technologies, in particular: carbon capture, utilization & storage; methane emissions reduction; renewables & grid energy storage; industrial energy efficiency; transportation efficiency; greenhouse gas footprint tracing & certification; nature-based greenhouse gas mitigation solutions; hydrogen; synthetic renewable fuels; water and air quality.
• Upstream oil & gas technologies.
• Downstream oil & gas / petrochemicals technologies.
• Non-metallic materials and new applications for hydrocarbons.
Investments typically range from $2-20M and we are flexible in stage of development, from early to expansion stage ventures. We seek companies led by world-class management teams, with differentiated technologies that can add value to Aramco’s operations.
We aim to be a value-adding strategic investor. We actively support portfolio companies in doing business with Saudi Aramco and in accessing the Saudi Arabian and regional MENA market, including facilitating piloting, business development, localization, and accessing of technical and operational expertise. Our team of highly experienced investment professionals provides portfolio companies with guidance and support, and access to a global network. We lead the majority of our investments, and in most instances seek board positions or observer rights.
Besides SAEV, Saudi Aramco operators several venturing programs with different objectives:
Prosperity7, our diversified growth investment program, investing in highly scalable transformative or disruptive ventures outside of the energy industry.
We participate in OGCI Climate Investments, a joint venture of 11 major oil & gas companies representing 40% of global hydrocarbon production, investing in climate related technologies & solutions relevant to the oil & gas industry.
Saudi Aramco also engages with SABIC Ventures, the corporate ventures arm of SABIC, that is focused on new materials and applications, sustainable use of chemicals and plastics, process & resource efficiency and specialty Agri-nutrients.
Wa’ed Ventures, investing in regional ventures with a significant focus on the Saudi Arabian market, supporting economic development, job creation, and development of an entrepreneurial ecosystem in the MENA region.
Saudi Aramco Energy Ventures
The Kingdom of Saudi Arabia
news & events
news & events
have a look into our latest news & events
8 September 2021
SAEV portfolio company InflowControl nominated as World Oil Awards 2021 finalist
11 August 2021
HT Materials Science Raises €5m in Series A Funding Led by Saudi Aramco Energy Ventures and Progress Tech Transfer Fund
04 August 2021
SAEV portfolio company Data Gumbo Closes $7.7 Million Series B Funding Round
where we are located around the globe
Dhahran, Kingdom of Saudi Arabia
Pier X, Bryggegata 3, 0250 Oslo, Norway
Digital & Industry 4.0
Enterprise software for managing additive manufacturing operations
Invested in:April 2021
3D printing of metals
Invested in: May 2016
Hardware/Software architecture for IoT edge analytics
Invested in: April 2017
Cybersecurity systems for Linux production environments
Invested in: November 2019
Membrane aeration systems for waste water treatment
Invested in: June 2017
Unconventional completion & fracking systems using dissolvable materials
Invested in: December 2017
Downstream & Chemicals
11th Floor, West Wing,
Kingdom of Saudi Arabia