FID on ‘largest’ CCS Jubail project imminent

A final investment decision (FID) on the Aramco CCS Hub in Jubail is imminent, according to Linde CEO Sanjiv Lamba.

Speaking on a webcast to accompany the release of today, he said, “The joint venture structure is developing the project, the FEED has been completed and capital is being assessed as we speak – and I expect FID in the next few months.”

The first phase of the major project, involving Saudi Aramco, SLB and Linde, involves 9-11 million tonnes per annum (mtpa) of CO2 being sequestered. It was announced to the market in December.

The CCS project will tap into high-purity CO2 streams from natural gas processing and other industrial sources, with around 6 MtCO₂ coming from Aramco gas plants and the remainder from other industrial sources.