United Kingdom – SLB and Linde have agreed to collaborate on a carbon capture, utilization, and storage (CCUS) project in order to expedite decarbonization solutions in industry and energy.
In numerous industrial and energy uses, carbon dioxide is present or produced. The partnership will concentrate on producing ammonia and hydrogen with carbon dioxide as a byproduct, as well as processing natural gas. These energy-intensive businesses produce fewer emissions thanks to CCUS, which also produces new low-carbon energy sources and goods. According to the International Energy Agency (IEA), CCUS will need to reduce carbon dioxide by more than 6 gigatons yearly in order to achieve net-zero emissions by the year 2050.
SLB and Linde have been looking into decarbonization options for more than a year. With a focus on creating a business and operating model that maximizes value for all stakeholders, the parties will increase their clientele by having a global footprint across numerous sectors and industries.
Years of knowledge in CO2 collection and storage, cutting-edge technology portfolios, project development and execution know-how, and engineering, procurement, and construction (EPC) capabilities will all be brought together through this partnership.