Saudi Aramco CEO Amin Nasser
Saudi Jubail CCS hub advances with equity deal
Completion of phase-one construction expected in 2027 as technology providers SLB and Linde take equity stakes in one of world’s largest CCS projects
Phase one of Saudi Arabia’s Jubail CCS hub is on track for completion by the end of 2027 after Saudi energy company Aramco signed a shareholder agreement with technology providers SLB and Linde. Under the deal, Aramco will take a 60% stake in the project, with global technology firms SLB and Linde each taking 20%. The first phase of the project, sited in the Kingdom’s Eastern Province, will have a capacity of up to 9mt/yr of CO₂, placing it among the largest projects of its type globally. It will take up to 6mt/y from Aramco gas facilities, with another 3mt/yr coming from surrounding industries. The captured CO₂ will be transported through a pipeline network and stored below ground in a sali
Also in this section
14 May 2025
Deal with Calpine shows oil and gas major ExxonMobil has no intention of curbing its CCS ambitions, despite US policy risks and broader scepticism over the energy transition
13 May 2025
Volatile tariffs add new risks for a sector already struggling to achieve economies of scale
30 April 2025
State administrations are using a flawed metric to justify green energy projects
29 April 2025
Spain’s unprecedented blackout highlighted the risk for green hydrogen producers with exposure to Europe’s creaking power grids
