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Saudi Aramco Signs Agreement with SLB and Linde to Establish Carbon Capture and Storage Hub

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Saudi Aramco Signs Agreement with SLB and Linde to Establish Carbon Capture and Storage Hub

by ESG News • November 11, 2022
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Saudi Aramco signed a joint development agreement with SLB and Linde to establish a carbon capture and storage hub which will potentially be able to safely store up to 9 million tonnes of carbon dioxide a year by 2027, the company’s CEO, Amin Nasser, said on Thursday.

Aramco is set to contribute around 6 million tonnes, he added, with the rest to come from other industrial sources.

See related article: Saudi Aramco Launches $1.5 Billion Fund To Support Global Energy Transition

The facility will be located in Jubail on the east coast of Saudi Arabia with a goal of making a significant contribution to the 44 million tonnes the kingdom plans to capture by 2035.

Source: Reuters

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