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
11 December 2024
Policymakers need to step up with a long-term, global strategy if the energy transition is ever to be a success
11 December 2024
CCUS and other carbon management technologies are gaining traction around the world, but heightened policy risk and other pressures will make 2025 a challenging year in some regions
10 December 2024
Tightened standards have helped improve the outlook for the voluntary carbon market, which is set for a record year and poised for long-term growth
9 December 2024
Editor-in-chief recognised by Cititec as among the 50 voices in commodities worth following
