SLB, Linde to collaborate on CCUS deployments
SLB (formerly oilfield services company Schlumberger) and industrial gases supplier Linde said October 31 they would collaborate on carbon capture, utilisation and storage (CCUS) projects to provide decarbonisation solutions across industrial and energy sectors.
The strategic collaboration will leverage long-standing expertise of both partners in CO2 capture and sequestration technologies, innovative technology portfolios and project development and execution experience, including 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 at 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.”
The International Energy Agency (IEA), in its World Energy Outlook 2022published last week, estimates that more than six gigatonnes/year of CO2 will need to be abated with CCUS if net zero is to be reached by 2050.
“Carbon capture and storage will be a key lever for tackling global warming,” Linde CEO Sanjiv Lamba said. “We are committed to helping customers decarbonise their operations in a cost-effective way.”