Linde and SLB announced that they have entered a strategic collaboration on carbon capture, utilization and sequestration (CCUS) projects to accelerate decarbonization solutions across industrial and energy sectors. The collaboration will combine decades of experience in CO₂ capture and sequestration; innovative technology portfolios; project development and execution expertise; and engineering, procurement and construction capabilities.

CO₂ is found or produced in many industrial and energy applications. This collaboration will focus on H₂ 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. The International Energy Agency estimates that over 6Gt of CO₂ per year will need to be abated with CCUS to reach net zero by 2050.

“CCUS is vital in creating the decarbonized energy systems our planet needs to balance energy demand with climate objectives,” said Olivier Le Peuch, Chief Executive Officer, 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,” said Sanjiv Lamba, Chief Executive Officer, Linde. “We are committed to helping customers decarbonize their operations in a cost-effective way. With SLB, we are able to offer technology-driven solutions - from execution of complex EPC projects through to ensuring reliable and safe long-term storage.”