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

Environmental Sustainable Business

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

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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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