Linde and SLB have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors.
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) estimate that over 6Gt of CO2 per year will need to be abated with CCUS to reach net zero by 2050.
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.
Linde and SLB have been working on decarbonization 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 maximize value for all stakeholders.
Olivier Le Peuch, CEO of SLB, said, “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.”
Sanjiv Lamba, CEO of Linde, said, “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.”