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
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