Saudi Aramco seen achieving its CCUS goals

Abundant storage and low cost of capturing CO₂ from sharply rising gas production mean NOC’s ambitious CCUS targets look well within reach

Saudi Aramco is expected to achieve its target to capture 6mt/yr of CO₂ starting 2027 and further scale up deployment of CCUS as it boosts gas production, taking advantage of low capture costs, abundance of storage sites and clustering of emitting facilities. Aramco is building a CCUS hub in Jubail in the eastern province that will store as much as 6mt/yr of CO₂ from its own operations, with another 3mt/yr coming from surrounding industries. By 2035, Aramco wants to capture 11mt/yr of CO₂ from its own plants and other industries. Aramco ultimately wants to capture 44mt/yr of CO₂. “This is a big game-changer on many fronts,” Aramco CEO Amin Nasser said in November 2022. “It is also part of a