SLB and Linde collaborate on carbon capture and sequestration
(WO) – SLB and Linde announced they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors.
The collaboration will focus on hydrogen and ammonia production, where CO2 is a by-product, and in natural gas processing, the companies said.
“CCUS is vital in creating the decarbonized energy systems our planet needs to balance energy demand with climate objectives,” said SLB’s CEO, Olivier Le Peuch. “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.”
The International Energy Agency (IEA) estimates that more than 6Gt of CO2 per year will need to be abated with CCUS in order to reach net zero by 2050.
“Carbon capture and storage will be a key lever for tackling global warming,” said Linde CEO Sanjiv Lamba. “We are committed to helping customers decarbonize 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 said they have been working on decarbonization opportunities for more than a year already. Using their global footprint across multiple sectors and industries, the collaboration will expand customer reach and focus on designing business and operating models to maximize value for all stakeholders.