Global technology company SLB and industrial gases and engineering company Linde 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 focus on hydrogen and ammonia production, where CO2 is a by-product, and in natural gas processing.
As described, 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 6Gt of CO2 per year will need to be abated with CCUS in order to reach net zero by 2050.
The parties will combine experience in CO2 capture sequestration, technology portfolios, project development and execution expertise, and engineering, procurement and construction (EPC) capabilities.
“CCUS is vital in creating the decarbonised energy systems our planet needs to balance energy demand with climate objectives”, said Olivier Le Peuch , CEO of 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”, added Sanjiv Lamba , CEO of 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 the execution of complex EPC projects through to ensuring reliable and safe long-term storage.”
Together with UK-based oil and gas giant BP, Linde is also planning a major carbon capture and storage (CCS) project in Texas that will enable low-carbon hydrogen production at Linde’s existing facilities.
The hydrogen will be sold to customers along Linde’s hydrogen pipeline network under long-term contracts.
SLB, previously known as Schlumberger, recently rebranded and changed its name to pursue a new identity that will represent the transformation from a giant oilfield services provider to a technology company focused on energy innovation and decarbonisation .