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
24 April 2025
Liverpool Bay project on track for 2028 startup as Italian energy company reaches financial close with government for CO₂ transport and storage network
21 April 2025
Agreement on a two-tier emissions trading scheme does not go far enough to meet IMO GHG reduction targets, say observers
11 April 2025
As the global economy grows, demand for materials is expected to increase. The way materials are made could incorporate new technologies in the future to ensure economic growth is more sustainable
9 April 2025
AI is powering the Middle East & North Africa’s digital transformation, but can the region meet soaring energy demand sustainably? Small modular reactors may hold the key
