Carbon capture company, Aker Carbon Capture and integrated energy and chemicals companies, Aramco, have signed a memorandum of understanding (MoU) to explore partnership opportunities to deploy carbon capture, utilisation and storage (CCUS) and industrial modularisation in Saudi Arabia.
The MoU is expected to focus on carbon emissions reduction and removal through CCUS from industries and energy solutions by offering modular carbon capture plants and aftermarket services.
The parties also aim to assess the potential for developing local supply chains and module fabrication. The MoU has a duration of 2 years.
Egil Fagerland, CEO at Aker Carbon Capture says: ‘Together, we aspire to explore the establishment of a local modular CCUS industry, creating new jobs and helping Saudi Arabia’s important journey towards net zero emissions…The region aims to reduce CO2 emissions by 670 MTPA.’
‘The partnership with Aker Carbon Capture will support our efforts in developing and deploying cutting edge technologies in the area of carbon capture,’ adds Ahmad Al-Sa’adi, executive vice president technical services, Aramco.
