Aramco boosts localisation with key energy projects

SAUDI Aramco is making significant strides towards localising key energy initiatives through a series of high-profile agreements and projects that span the spectrum of sustainability, carbon capture, and petrochemical expansion.

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These deals, involving strategic collaborations with international energy giants and local partners, are central to Aramco’s ongoing commitment to fostering Saudi Arabia’s energy future while advancing localisation and innovation.

In a notable announcement, Aramco signed a landmark shareholders’ agreement with Linde and SLB, two global leaders in carbon capture and storage (CCS) technologies.

This agreement marks the beginning of the development of a CCS hub in Jubail, poised to become one of the largest of its kind worldwide.

The project’s first phase will capture up to 9 million tonnes of CO2 annually, leveraging the Kingdom’s extensive geological potential for CO2 storage in saline aquifers.

Aramco’s 60 per cent equity stake, alongside Linde and SLB’s 20 per cent each, underscores the company’s leadership role in not just advancing emission mitigation strategies but also in driving local capabilities and knowledge.