SAUDI ARAMCO IS SET TO IMPLEMENT CARBON STORAGE AND UTILIZATION

With global populace estimate to grow over two billion in the next 25 years, higher levels of energy will be needed to meet rising consumer demands. With the horrid fact that resources available to mankind are limited and will eventually deplete, it has become imperative that the world shifts to alternate sources for energy as well as switch to a low emissions future. In the coming times, economies will have to rely on hydrocarbon-based energy sources to meet the bulk of the world’s energy demand. Therefore, Saudi Aramco is all set to bring its game plan of optimizing state’s energy efficiency levels, environmental sustenance and reducing global emissions, in motion.

Saudi Aramco is the world’s largest integrated oil and gas company exhibiting potential of technology to ease emissions from both portable and stationary sources. They capture emissions and convert them into valuable industrial products and manufacturing feedstocks that lift economic development and job creation in the market. Due to their preemptive strategies and contributions, Saudi Aramco has the lowest COfootprints in the oil and gas industry.

The company has recently announced that it intends to achieve its goal of net-zero emissions in 2050 by beginning permanent storage of CO2 in one of its largest plants by 2026. The company plans to capture carbon dioxide produced during processes that convert natural gas into hydrogen, among other industrial activities, and permanently store the toxic gas deep underground in a reservoir that previously produced oil and gas.

Olivier Thorel, Aramco’s vice president of chemicals said that the first phase of the project will encompass the establishment of a facility with a storing capacity of 5 to 9 million tons of carbon dioxide per year near Jubail.  This is same to the emissions from about 1 to 2 million fuel-powered passenger vehicles driven over the duration of a year. The successful implementation and operation of this project would also establish Saudi Aramco as a leading producer of blue ammonia- a by-product of the CO2 emitting process.

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