SLB and Linde have announced that they have entered into a strategic collaboration on carbon capture, utilisation and sequestration (CCUS) projects to accelerate decarbonisation solutions across industrial and energy sectors. The collaboration will combine decades of experience in carbon dioxide (CO2) capture and sequestration; innovative technology portfolios; project development and execution expertise; and engineering, procurement, and construction (EPC) capabilities.
CO2 is found or produced in many industrial and energy applications. This collaboration will focus on hydrogen and ammonia production, where CO2 is a by-product, and in natural gas processing. CCUS abates the emissions from these energy-intensive industries, creating new low-carbon energy sources and products. The International Energy Agency (IEA) estimates that over 6 Gt of CO2 per year will need to be abated with CCUS in order to reach net zero by 2050.
“CCUS is vital in creating the decarbonised energy systems our planet needs to balance energy demand with climate objectives,” says Olivier Le Peuch, chief executive officer, SLB. “We are excited about this collaboration with Linde to develop CCUS projects and support the growth of low-carbon energy products from conventional energy sources.”
“Carbon capture and storage will be a key lever for tackling global warming,” says Sanjiv Lamba, chief executive officer, Linde. “We are committed to helping customers decarbonise their operations in a cost-effective way. With SLB, we are able to offer technology-driven solutions—from execution of complex EPC projects through to ensuring reliable and safe long-term storage.”
SLB and Linde have been working on decarbonisation opportunities for over a year already. Using their global footprint across multiple sectors and industries, the collaboration will expand customer reach and will focus on designing business and operating models that maximise value for all stakeholders.