We're advancing carbon capture technology to help reduce global emissions

Aramco is an energy and chemicals company with oil and gas production as its primary business. The technologies mentioned here are still in development. 

The world is at a crossroads.

Every year, energy drives economic growth that lifts millions of people out of poverty¹ and improves the quality of life for billions across the globe. And yet, half of the world still live on less than $7 per day.² Over 80% of the planet live in developing countries, whose emerging economies are striving toward the kind of prosperity the industrialized world enjoys every day.³

The growth needs to continue because everyone deserves opportunities for a better life. But the growth that improves lives might also strain our planet, prompting the central challenge of our time: How can we balance the needs of people with the needs of the planet?

We believe in the power of innovation to solve humanity’s biggest challenges – and advance a realistic, stable, and inclusive energy transition.

That’s why we invest in technologies such as carbon capture and storage (CCS), which may be vital in lowering emissions in hard-to-abate industries, from oil and gas to chemicals, steel, and cement.

We plan to be a player in the new markets for CCS solutions. The scale, concentration, and integration of our operations mean we’re well placed to develop, test, and deploy CCS at scale.

We recognize that time is of the essence. In 2022, we announced partnership plans to build one of the largest CCS hubs in the world at the Jubail industrial zone in Saudi Arabia.

Powering CCS progress

The ability to expand global CCS and CCUS capacity is believed to be critical to global efforts to decarbonize. This process is well established, but infrastructure development costs remain a challenge.

To help overcome this barrier, governments are increasingly offering tax incentives and funding schemes. Over 100 new CCUS facilities worldwide were announced in 2021, with a further 31 projects announced in 2023. Newer projects boast more ambitious partnerships, shared transportation and storage infrastructure, and closer ties to hydrogen processes.

At Aramco, we have the advantage of CCS expertise and resources. Hubs such as the Jubail facility aim to help accelerate regional industry operational  gas emissions reduction efforts, while offering a model for global industries to help reduce the impact of delivering the energy and materials society needs.