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Saudi Aramco, Energy ministry sign agreement to establish a carbon capture and storage hub

Credit: REUTERS/AHMED JADALLAH

November 10, 2022 — 03:56 pm EST

Written by Sarah El Safty for Reuters ->

Adds details of agreement

CAIRO, Nov 10 (Reuters) - Saudi Aramco signed a joint development agreement in partnership with Saudi Arabia's Energy ministry to establish a carbon capture and storage hub which will potentially be able to safely store up to 9 million tonnes of carbon dioxide a year by 2027, the company's CEO, Amin Nasser, said on Thursday.

Aramco is set to contribute around 6 million tonnes, he added, with the rest to come from other industrial sources.

(Reporting by Sarah El Safty in Cairo Writing by Enas Alashray Editing by Leslie Adler and Matthew Lewis)

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