Aramco, SLB, and Linde to Develop Major Carbon Capture Project in Saudi Arabia
(Reuters) — Saudi oil giant Aramco, top oilfield services company SLB and Linde, the world's largest industrial gases company, have signed an agreement to build a carbon capture and storage project in Jubail, Saudi Arabia.
Aramco will own 60% of the project while SLB and Linde will hold 20% each, the companies said in a joint statement on Wednesday.
The first phase is expected to be complete by the end of 2027, capturing and storing up to 9 million metric tons of carbon dioxide a year.
The project is intended to help Aramco to reach its target of net zero emissions from its operations by 2050. Saudi Arabia has a net zero target of 2060.
Captured carbon dioxide will be transported through pipelines to be stored below ground in a saline aquifer sink.
The three companies signed a preliminary agreement on the project in November 2022.
Related News
Related News
- Kinder Morgan Proposes 290-Mile Gas Pipeline Expansion Spanning Three States
- Enbridge Plans 86-Mile Pipeline Expansion, Bringing 850 Workers to Northern B.C.
- Three Killed, Two Injured in Accident at LNG Construction Site in Texas
- Tallgrass to Build New Permian-to-Rockies Pipeline, Targets 2028 Startup with 2.4 Bcf Capacity
- TC Energy Approves $900 Million Northwoods Pipeline Expansion for U.S. Midwest
- U.S. Pipeline Expansion to Add 99 Bcf/d, Mostly for LNG Export, Report Finds
- Enbridge Adds Turboexpanders at Pipeline Sites to Power Data Centers in Canada, Pennsylvania
- Great Basin Gas Expansion Draws Strong Shipper Demand in Northern Nevada
- Cheniere Seeks FERC Approval to Expand Sabine Pass LNG Facility
- Heath Consultants Exits Locate Business to Expand Methane Leak Detection Portfolio
Comments