SLB and Linde have partnered to advance decarbonization solutions in the industrial and energy sectors through carbon capture, utilisation, and sequestration (CCUS) initiatives. The partnership will concentrate on processing natural gas as well as the manufacture of ammonia and hydrogen, both of which produce CO2.
As mentioned, CCUS reduces the emissions produced by these energy-intensive businesses while also producing new low-carbon energy sources and goods. According to the International Energy Agency (IEA), CCUS will need to reduce CO2 emissions by more than 6Gt annually in order to achieve net zero by 2050.
The parties will combine their engineering, procurement, and construction (EPC) skills, project development and execution experience, technology portfolios, and CO2 capture and sequestration expertise.
Linde is also preparing a significant carbon capture and storage (CCS) project in Texas with UK-based oil and gas tycoon BP that would allow low-carbon hydrogen production at Linde’s current facilities. Long-term contracts will govern the sale of the hydrogen to consumers via the hydrogen pipeline network of Linde.
