Aramco and Partners to Develop Saudi Arabia’s Largest CCS Hub
Saudi Aramco
The facility is set to become one of the largest CCS hubs in the world and the largest in the Kingdom.
The companies will combine their expertise in CCS technologies to manage CO2 on a global scale.
Aramco, Saudi Arabia's national oil company, has signed an agreement with Linde and SLB to develop a Carbon Capture and Storage (CCS) hub in Jubail, Saudi Arabia.
According to the agreement, the oil giant will hold 60% of the project, and Linde and SLB will each own 20%. The first phase of the construction is expected to be finished by 2027 and will capture up to 9 million metric tonnes of carbon dioxide (CO2) annually. This project is part of Aramco's climate and emissions reduction goals.
Ashraf Al Ghazzawi, Aramco EVP of Strategy & Corporate Development, said: “CCS plays a critical role in furthering our sustainability ambitions and our new energies business. This announcement represents a step forward in delivering on our strategy to contribute to global carbon management solutions and achieve our emission mitigation goals.
"Aramco’s collaboration with SLB and Linde demonstrates the importance of global partnerships in driving technological innovation, reducing emissions from conventional energy sources and enabling new, lower-carbon energy solutions. This CCS hub is among several programs that will enable us to meet rising demand for affordable, reliable, and more sustainable energy.”
Aramco targets net zero emissions by 2050 and a 15% reduction in emissions from its upstream oil and gas operations by 2035. The captured CO2 from gas and other industrial plants will be transported through a pipeline and safely stored in a natural underground reservoir. This project also complements the company's efforts to produce blue hydrogen and ammonia, a cleaner alternative to fossil fuels.
Oliver Pfann, Linde EVP EMEA, said: “Carbon capture and sequestration is essential for achieving the Kingdom’s emission reduction targets. Linde is proud to collaborate with Aramco and SLB, contributing Linde’s innovative technology and experience in delivering world-scale decarbonization projects. We look forward to jointly realizing this landmark project which supports the development of a lower-carbon economy.”
Gavin Rennick, SLB President, New Energy, said: “SLB is proud to be a part of ground-breaking efforts to enable abatement of millions of tons of CO2 annually through the Jubail CCS hub. Leveraging our proven portfolio of CCS technologies and extensive experience in complex CCS projects around the world, we are confident that SLB will play a critical role in advancing this important initiative. This project aligns perfectly with our commitment to industrial decarbonization, and we look forward to collaborating closely with Aramco and Linde to make it a success.”
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Source: Aramco
