Aramco, an energy and chemicals company, has entered into an agreement with Linde and SLB to develop a large-scale Carbon Capture and Storage (CCS) hub in Saudi Arabia. Aramco will hold a 60% stake in the CCS hub, while Linde and SLB will each own 20%. The project marks a significant step in Aramco’s strategy to reduce carbon emissions and contribute to global climate solutions.
Ambitious Goals for CO2 Capture and Storage
Located in Jubail, the CCS hub will capture and store up to nine million metric tons of CO2 annually. This initiative will help Aramco achieve its net-zero Scope 1 emissions by 2050, supporting its broader sustainability goals.
The Ministry of Energy supports the project, which Aramco aims to finish by 2027. Future phases will increase the hub’s capacity, boosting Saudi Arabia’s progress toward its climate goals.
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Supporting Saudi Arabia’s Sustainability Goals
Ashraf Al Ghazzawi, Executive Vice President of Strategy & Corporate Development at Aramco, said, “This announcement represents a step forward in delivering on our strategy to contribute to global carbon management solutions and achieve our emission mitigation goals.”
He added, “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.”
The CCS hub will capture CO2 from three Aramco gas plants and other regional industrial sources. The captured CO2 will be transported via pipelines and stored underground in a saline aquifer, making use of the country’s geological potential.
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A Circular Carbon Economy for a Sustainable Future
This announcement supports Saudi Arabia’s circular carbon economy vision, emphasizing emissions reduction through CCS, renewable energy, and efficiency measures. It contributes to the country’s goal of reaching net-zero carbon emissions by 2060. Saudi Arabia is investing heavily in technologies to reduce its industrial sectors’ environmental impact and achieve its ambitious climate targets.