Industry News

Subpage Hero

     

16 Aug 2022

Saudi Aramco Bets Large on Carbon Capture

Saudi Aramco Bets Large on Carbon Capture

Saudi Aramco has announced that it will start to permanently store carbon dioxide from 2026 in one of the largest facilities in the industry as part of its plans to reach net zero by 2050 reported Bloomberg

The state-owned oil giant aims to capture CO2 emitted when converting natural gas into hydrogen and other industrial processes. The company will then sequester the carbon dioxide in deep subsurface reservoirs, previously used for oil and gas production. 

The initial phase of the project is slated to store between 5 million and 9 million tonnes of CO2, Aramco’s vice president of chemicals, Olivier Thorel said. This amounts to CO2 emissions from about 1 to 2 million petrol-powered passenger vehicles driven over the duration of a year, according to Bloomberg. 

The project, which will be located near the industrial city of Jubail on the east coast of Saudi Arabia, is part of Aramco’s plans to become a world leader in blue hydrogen production. Blue ammonia, which is easier to ship, can be produced from hydrogen produced by converting natural — a CO2 emitting process. 

Aramco wants to show that it has the lowest carbon-intensity ammonia available for export to various markets — whether it’s for chemical, fertilizer, or energy purposes, said Thorel. 

“I think it’s a way for us to properly get credit for the investment we’ve made to manage CO2 in a well-integrated way — but that’s not the end game,” he said. “The end game is to invest in a dedicated facility for carbon sequestration.”

VIEW ALL INDUSTRY NEWS
Loading

Platinum Sponsors

Loading

Gold Sponsors

Silver Sponsors

Loading

Conference Sponsors

Loading
  • Decarbonization Focused Established in 1867, Babcock & Wilcox (B&W) is a global leader in renewable, environmental and thermal technologies and services for power and industry. We continue to meet the ...
  • Digital Transformation of Hydrogen Operations Is Empowering Customers to Achieve Ultimate Performance From production to distribution, Emerson is advancing hydrogen projects and adoption of hydrogen a ...

Lanyard Sponsor

Loading

Registration Sponsor

Loading

Media Partners

Supporters

Loading

Newsletter Sign Up

Starts:


GET YOUR FREE EXPO PASS
REGISTER FOR CONFERENCE