Carbon capture provider Aker Carbon Capture and energy and chemicals company Aramco, announced they have signed a Memorandum of Understanding (MoU) to tap into partnership opportunities for the deployment of CO2 capture, utilization and storage (CCUS) and industrial modularization in Saudi Arabia.
The focus of the MoU – which has a duration of two years – is expected to be on the reduction of CO2 emissions through CCUS by offering modular CO2 capture sites and aftermarket services. The two companies will also evaluate the potential for the development of local supply chains and module fabrication.
Through evaluating the potential of the local modular CCUS sector, the two companies will aim to facilitate new job creation and support Saudi Arabia’s net zero targets, said Egil Fagerland, CEO at Aker Carbon Capture. This Memorandum of Understanding could potentially lead to Aker’s entrance in the Middle East, Fagerland added.
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The Middle East Green Initiative strives to bring carbon emissions down by 670 million metric tons annually, and “it is important for Aker Carbon Capture to support this major undertaking, which represents around 10% of global nationally determined contributions,” Fagerland said.
Aker’s Just Catch product offering allows for the production of standardized CO2 capture units. A Just Catch unit is expected to be delivered by the end of this year in the Netherlands. Earlier in 2023, Aker also announced it was awarded a contract to deliver five Just Catch units to Ørsted in Denmark.
Aramco is committed to exploring technologies, low-CO2 hydrogen fuels and renewables that can bring down emissions in transportation,said Ahmad Al-Sa’adi, Executive Vice President Technical Services, Aramco.
Aker and Aramco are committed to exploring the potential for developing modular solutions across various sectors in Saudi Arabia.
Read more: Aker Carbon Capture Will Deliver Five Just Catch Units To Ørsted
