Aramco has signed a shareholders’ agreement with Linde and SLB, paving the way for the development of a carbon capture and storage (CCS) hub that is expected to become one of the largest in the world. Aramco will own 60 % of the CCS hub, with Linde and SLB each owning 20 %.
The CCS hub will be built in Jubail, Saudi Arabia, and is expected to capture and store up to nine million tonnes of CO2 per year. The CO2 will come from three Aramco gas plants and other industrial sources. The captured CO2 will be transported through a network of pipelines and stored underground in a saline aquifer sink.
Construction is expected to be completed by the end of 2027. Later phases are expected to further increase capacity.
