Norway-based Aker Carbon Capture and Aramco, one of the world's leading integrated energy companies, have signed a deal to explore partnership opportunities to deploy carbon capture, utilization and storage (CCUS) and industrial modularization in Saudi Arabia.
As part of the agreement signed for the duration of two years, the two companies will focus on reducing carbon emissions and removal from industries and energy solutions through CCUS by offering modular carbon capture plants and aftermarkets services. Additionally, Aramco and Aker Carbon Capture will also assess the potential for developing local supply chains and module fabrication.
"This MoU is a potential first step for Aker Carbon Capture into the Middle East," said Egil Fagerland, Chief Executive Officer at Aker Carbon Capture. "Through the Middle East Green Initiative, the region aims to reduce CO2 emissions by 670 million tonnes per year. It is important for Aker Carbon Capture to support this major undertaking, which represents around 10% of global nationally determined contributions."
Aker Carbon Capture's Just Catch modular concept is a product that enables prefabrication of carbon capture units. The company is currently delivering the Just Catch unit in the Netherlands, which is expected to be delivered by the end of 2023. Earlier this year, Aker Carbon Capture announced it has won a contract for five Just Catch units from leading renewable energy leader, Orsted in Denmark.
In Saudi Arabia, Aker Carbon Capture is looking to support the Kingdom's Vision 2030 strategy and help its net zero 2060 ambition by developing modular solutions across industries.
"The partnership with Aker Carbon Capture will support our 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," said Mr. Ahmad Al-Sa'adi, Executive Vice President Technical Services, Aramco.