about us
about us
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
Saudi Aramco
The Kingdom of Saudi Arabia
news & events
news & events
have a look into our latest news & events
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6 November 2021
SAEV and 9 partners participated the SASAC Sub-group Signing Ceremony of the 4th CIIE and signed collaboration agreement of blockchain based commodity trading platform
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29 October 2021
Saudi Aramco Energy Ventures announces follow-on investment in portfolio company Daphne Technology
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8 September 2021
SAEV portfolio company InflowControl nominated as World Oil Awards 2021 finalist
regional offices
regional offices
where we are located around the globe
Headquarters
Dhahran, Kingdom of Saudi Arabia
Aberdeen Office
Aberdeenshire, UK
Norway Office
Pier X, Bryggegata 3, 0250 Oslo, Norway
North America
Houston, USA
portfolio companies
portfolio companies
Digital & Industry 4.0
Asia-focused blockchain trading platform
Previously known as Gateway
Enterprise software for managing additive manufacturing operations
Invested in:April 2021
NYSE: DM
Acquired by Johnson Controls Inc.
Hardware/Software architecture for IoT edge analytics
Invested in: April 2017
Acquired by SparkCognition Inc.
Enterprise data search and analytics.
Collaboration solution for industrial teams
Acquired by Sophos Group PLC.
Advanced analytics for process industries
Industrial 3D Printer
Blockchain-enabled solution for oil & gas and products trading
Invested in: December 2019
Sustainability
Provides enabling Opposed-Piston Engine technology for ultra-clean, ultra-efficient and cost-effective transportation.
Enervenue – Metal-hydrogen batteries for grid energy storage
Nanomaterial heat transfer fluid additives
NYSE: NRGV
Gravitational Grid Energy Storage
Distributed Hydrogen production and 3-D Printed SOFC / SOEC
Exited via secondary sale
Long duration grid energy storage systems
High efficiency monocrystalline silicon PV wafers via epitaxial deposition
Invested in: December 2017
Acquired by Dow-DuPont
Power distribution grid optimization.
Dry scrubber for marine emission control
High capacity UV-LED water treatment
Upstream
Acquired by Vertice Oil Tools
Unconventional completion & fracking systems using dissolvable materials
Invested in: December 2017
Acquired by Interwell AS
Annular Isolation Technology
Acquired by TAQA
Electric coiled tubing intervention tools.
Autonomous inflow control valve (AICV).
Acquired by Sumitomo Corp
Real-time drilling decision support and automation software.
Acquired by Schlumberger.
Downstream & Chemicals
Clarke Industrial
Shutter valve technology
Invested in: January 2018
Non-metallic composite pipes
Straight flow valves for reciprocating compressors
NASDAQ: MASS
Compact spectrometry tool.
Modular steel construction system.
Aquired by Danimer Scientific
CO2 to polyols and CO to acrylics.
Acquired by WR Grace
Mesoporous zeolite catalysts.
Personalized gas station loyalty application
Corrosion monitoring using radar waveguides
Temperature non-metallic pipes
Industry 4.0
Earth Science Analytics
Make more profitable decisions by using all your data.
Invested in: Mar 2019
Downstream
Daphne Technology
SAEV leads Series A investment round in emissions reduction innovator Daphne Technology SA.
Invested in: January 2019
Security
Xage Security
Xage Security Raises Strategic Investment from Saudi Aramco Energy Ventures..
Invested in: December 2018
Upstream Oil & Gas
Exited via secondary sale
Form Energy Inc.
Long duration grid energy storage systems
Invested in: March 20133
Upstream Oil & Gas
Clarke Industrial
Shutter valve technology
Invested in: January 2018
Downstream
Flowcastings
Turbine blade rapid prototyping and manufacturing
Invested in: January 2018
Upstream Oil & Gas
Acquired by Vertice Oil Tools
Gryphon Oilfield Solutions
Unconventional completion & fracking systems using dissolvable materials
Invested in: December 2017
Energy Efficiency and Water
NEXWAFE GMBH
High efficiency monocrystalline silicon PV wafers via epitaxial deposition
Invested in: December 2017
Oxymem, Ltd
Membrane aeration systems for waste water treatment
Invested in: June 2017
Upstream
Acquired by Johnson Controls Inc.
Foghorn Systems
Hardware/Software architecture for IoT edge analytics
Invested in: April 2017
Upstream
Comitt Well Solutions Inc
Fracturing and refracking systems
Downstream
Airborne Oil & Gas
Non-metallic composite pipes
Upstream
Cannseal AS
Annular isolation technology
Downstream
Zahroof Valves, Inc
Straight flow valves for reciprocating compressors
Downstream
NanoMech, Inc
Nanomaterial-based lubricants and coatings.
Upstream/Downstream
Maana, Inc
Enterprise data search and analytics.
Upstream
Geomec AS
Injection well monitoring software.
Upstream/Downstream
908 Devices, Inc
Compact spectrometry tool.
Downstream
ConXtech, Inc
Modular steel construction system.
Upstream
Acquired by TAQA
Target Intervention AS
Electric coiled tubing intervention tools.
Upstream
Paradigm Drilling Services Ltd
Extended reach drilling and hole enlargement tools.
Upstream/Downstream
Parsable, Inc
Collaboration solution for industrial teams
Downstream
Siluria Technologies, Inc
Natural gas to ethylene and ethylene to liquids
Downstream
Novomer, Inc
CO2 to polyols and CO to acrylics.
Energy Efficiency
Utilidata, Inc
Power distribution grid optimization.
Upstream
InflowControl AS
Autonomous inflow control valve (AICV)
Downstream
Rive Technology, Inc
Mesoporous zeolite catalysts.
Upstream
Zi-Lift AS
Permanent magnet downhole pumps (ESPs)
Invested in: May 2013
Upstream
Sekal AS
Real-time drilling decision support and automation software.
Upstream
AnTech Limited
Directional coiled tubing drilling (DCTD)
Fund
Zouk REEIF II
Cleantech infrastructure investments in Europe.
Fund
Tsing CEF IV
Early to expansion stage cleantech, China.
Fund
Braemar Energy Ventures III
Early to late stage energy technology, North America.
contact us
contact us
hello@saev.com
Al-midra Tower
11th Floor, West Wing,
Dhahran 31311
Kingdom of Saudi Arabia