SLB and Linde announced that they have entered into a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions.
The 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.
CCUS is vital in creating the decarbonized energy systems our planet needs to balance energy demand with climate objectives. 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
said Olivier Le Peuch, chief executive officer, SLB.
Moreover, Sanjiv Lamba, chief executive officer, Linde, believes that “carbon capture and storage will be a key lever for tackling global warming.” said Sanjiv Lamba, chief executive officer, Linde.
In its most recent energy outlook, BP noted that carbon capture plays a central role in supporting a low-carbon energy system, as it:
Capturing emissions from industrial processes, provide a source of carbon dioxide removals, and abates emissions from fossil fuels
