Norway group Aker seals carbon capture deal with Aramco
RIYADH, July 16, 2023
Aker Carbon Capture, a pure-play carbon capture company headquartered in Norway, said it has joined hands with Saudi oil giant Aramco to explore partnership opportunities to deploy carbon capture, utilization and storage (CCUS) and industrial modularisation in Saudi Arabia.
The MoU is expected to focus on carbon emissions reduction and removal through CCUS from industries and energy solutions by offering modular carbon capture plants and aftermarket services, said the company in a statement.
The parties also aim to assess the potential for developing local supply chains and module fabrication.
"We are pleased to announce this opportunity with Aramco that aims to support Saudi Arabia’s Vision 2030 and the Kingdom’s Net Zero 2060 ambition," said Aker Carbon Capture CEO Egil Fagerland after signing the two-year deal with Aramco Executive Vice President (Technical Services) Ahmad Al Sa’adi.
Aker’s Just Catch modular concept is a standardized product offering that enables prefabrication of CCUs.
It is currently delivering a Just Catch unit in the Netherlands, which is expected to be completed by the year end.
"Together, we aspire to explore the establishment of a local modular CCUS industry, creating new jobs and helping Saudi Arabia’s important journey towards net-zero emissions. This MoU is a potential first step for Aker Carbon Capture into the Middle East," remarked Fagerland.
Through the Middle East Green Initiative, the region aims to reduce CO2 emissions by 670 million tonnes per year, he stated.
"It is important for Aker Carbon Capture to support this major undertaking, which represents around 10 per cent of global nationally determined contributions," he added.
Al Sa’adi said the partnership with Aker Carbon Capture would help support Aramco's efforts in developing and deploying cutting edge technologies in the area of carbon capture.
"We are also exploring advanced technologies with our partners to improve efficiency and minimize emissions in transportation, low-carbon hydrogen fuels and renewables to achieve our ambition,” noted the top official.
Aker Carbon Capture and Aramco also aim to explore the possibility of developing modular solutions across industries in Saudi Arabia, he added.-TradeArabia News Service
